I think that it should start out growing like in a month; if it doesn't - whole crypto currency world may collapse and fall to the initial prices...
Probably, it will happen even later a bit. I was waiting for spring and thought that this period would change something on the market, but I do not see any serious changes. Suppose, we have to wait for it for several months more. As there are doubts in the market that do not make the market demand rise significantly, maybe need a manipulation so that the market becomes crowded again and make the demand grow. it may take a little longer to wait for the price to recover, many people believe in the middle of the year until the end of the year the market will be crowded and prices rise, can we wait patiently? |
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I just created this thread to gather opinions ..
Ethereum is next to BTC?
Yes. But Litecoin is also a competitor. But I don't think these coins will exceed btc's price fast. However they have the potential to grow further. And these coins have varying functions. I don't think bitcoin has a competitor in cryptocurrency, I think besides bitcoin everything is an alternative to bitcoin, including Ethereum. bitcoin will always be the first and most popular and most widely used cryptocurrency, so bitcoin will not be replaced by any coin alternative, although new coins will always come, but you know that bitcoin keeps on growing so bitcoin will never be replaced |
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Under what circumstances is trading preferred over holding?
Btc reaching 10k$ way before new year is a big shock,your opinions would be very helpful.
I would like to answer this post, Trading or investing we need to choose anyone which gives us good returns or trading which can give us value to our investment. Investing is preferred when the particular trading coin is smooth in volatile and momentum otherwise it is advisable to go for trading when the the coin is moving with high volatile when trending and no volatile movements are seen when there is no trend. Every trader has different trading style some prefer short-term trading and other prefer investing. I myself depend on market conditions, when the market situation is very volatile and tends to decline as it is today. I prefer to hold, if you impose trading, its will be very risky, because the downward trend that occurred but that does not mean there is no profit now, I just want to avoid the big risk by holding back longer |
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Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Of course Bitcoin is really secure now. Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it .... Yes bitcoin is really secure. no one can steal bitcoin, except for our own carelessness. I think the possibility of being hacked is very possible, if you're not good at securing your account and your carelessness, like entering a phishing site or getting a virus? it allows your bitcoin to be stolen by hackers, so you should be more aware and cautious, always use 2fa and always updates your antivirus, for security will certainly be safe depending on your efforts |
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It is very controversial as it makes millionaires out of some people even without much financial background. Just needs technical know-how and you're good to invest in bitcoin. Problem is the more money you make the more that the government will look into it.
Yeah bitcoin can make someone who is nobody does not have any great background and he can make huge profits in bitcoin, and of course get rich here, besides that makes controversial bitcoin is from anonymous facilities, because of that facilities bitcoin is banned in various countries because of the potential to add financial crime |
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I gues it because popular when we say cryptocurrency world and the bitcoin price is very high
Bitcoin is the first and the most popular that have a huge price in cryptocurrency. Bitcoin is have a great potential and her performance was excellent to have a expensive value. There's many people are change their life because of bitcoin, they have opportunity to have a bright future. maybe only bitcoin users who say that bitcoin is special than any other currency because one ordinary people will mostly see different, I think bitcoin in special view or different because of the decentralization factor, where most currencies of course the circulation is controlled by the center (centralized control) while bitcoin is not, and that makes bitcoin gives freedom to its users, unlike other currencies |
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I trade like I played gambling,we don't know if we win but it's up to you if how can you handle your idea or technique,,trading sometimes loss but sometimes gain,well,if you are new in trading you can read the candles stick if the coin you want to buy is dump value before or dip value,if you buy high then suddenly low,you don't have choice you need to wait til the value will become high..only you need to do is hold 😂
Exactly, trading is like gambling there is no assurance that you will win always, in gambling you need to have large capital to have high chance of winning but in trading you need to do lots of research, positive feedbacks and also patience in waiting for pump because it's difficult to predict the up and down of price. Patience is the best way to deal in trading so if you have weak hands don't do it. I think it's a bit different from gambling because betting requires knowledge, technique, and skill, while gambling only depends on interest, although trading also requires a bit of luck but the most dominant of course is your ingenuity in choosing the right time to buy and sell and it takes great skills in the trade, yeah be patient also will be very helpful in trading |
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I think that time is more important than money, so I prefer long term investments. So far I have been away from short-term investments, and even in days when forking was, I did not participate.
if you have a job and income in real life of course long term investment will be much better, because your time will be much spent to work in real life right ? but if you have a lot of free time may not be a problem to do part-time trading, it might only take a few minutes / hour and you can leave your orders and get back to your work, that's what I do |
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Long term vs. short term ? The profitable is sort term because we can earn profit fast, but this needs trading good trading skills, analysis also patient and etc. Not all people can do this, but if you skill bad long term is solution but make sure you hold major coin like bitcoin, ethreum, litecoin, And etc
Yes short term trading can be very profitable, however it is important that you are also capturing the long term trend. I find the best strategy is to have a long term investment portfolio and a smaller trading portfolio to capture both. Short term investment can give you big profits because you can get a profit repeatedly in 1 day. of course it can be done in trading provided you have a special skill in trading, understand about price changes in the market. have more knowledge about crypto. if you do not have it then I recommend to using long term investment only |
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it suggesting by the people who are heaving good thoughts about it and heaving good experience about it hold is good if capital amount is there in suggestion this line should be mention if the capital amount is then do not go for sell the coin it is all depends on the people who connected with btc
Yes, i think those people who suggest to value holding are the people who hold bitcoin too, because it is useless if there are only few people who hold if there are more people sell and i think its a strategy and every must be aware on the market trend because the moment that the value will pump then pretty sure that somebody will sell their partly own bitcoin and that is why value volatility is the only constant in crypto coin. Holding of any of the coin at the time of the downfall of any of the crypto coins the best thing to do as this gives you a hope that after sometime, the market value of the coin which you have in your wallet will go up and because of which you will be able to have greater profit at the end. Other than this, patience plays a key role particularly in this field and that you need to remain patient at time when the prices are low. I think almost most users already understand to hold bitcoin when current market conditions. but sometimes we are difficult to manage our emotions so as not to panic and fear, because the price does not recover? especially if you hold a lot of bitcoin of course situations like this make saturated and bored, how to keep us consistent to hold? |
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I am convinced and believe that bitcoin will reach $20 k more because a year ago bitcoin never reaches $20 k until finally falling to the present in the bitcoin number $9,000 but I see that the graph of the movement of the bitcoin already start to rise again and this is a good sign for bitcoin it reaches $20 k more in april this year
of course that is very likely to happen, we once were at $19k in january ago and to reach $20k is not impossible thing, bitcoin continues to grow and grow of course the price will also go up in the forward, do not speculate bitcoin will not go up. because maybe it will make others hesitate, trust me bitcoin will definitely keep going up |
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Using bitcoin as a mode of payment is good but if it continues with the current amount of transaction fee, many people will stop using it and choose the other mode of payment. The current transaction fee is for those big transaction. Everyone wants an easy transaction but not with high transaction fees.
even today I rarely use bitcoin for daily transactions due to transaction fee issues? because at least you need more than $1 for 1 time transaction dude, it's an expensive fee right? so I'd rather do a transaction using altcoin that has a cheaper fee. let alone today more and more merchants are accepted various altcoins, very grateful |
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Money is unreal, meaning imaginary, intangible - a concept.
Currency is NOT money, but merely represents money.
For me bitcoin is both currency and money which the value is always increase and if you want to convert into money you can do anytime.This is what bitcoin can really defined how important to our society. perhaps what can be called money is when the goods have real shape and are not affected by inflation, usually the ancients used gold, silver, etc as money. but nowadays the times are getting ahead where more currency is used for payment. and bitcoin itself may be interpreted to currency because it has no physical shape and fluctuate? |
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No. The best time to sell aside Christmas is when you need money and the value of your bitcoin has increase. This currencies are about times and seasons but i advice that you do not sell now but keep buying if you have the capacity.
I think it depends on our own interests, if we invest in bitcoin of course we will work hard to earn a profit and of course our choice to sell bitcoin is when the price is high or already exceeded the previous purchase price. but of course there are conditions where your needs need to be paid and you do not have enough money. perhaps such interests could be an option to sell, other than when the price is high |
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The concept is, Holding or selling bitcoin is always a difficult decision because bitcoin value is not fixed and if there is no need of extra money then i will go for holding but in case i need some extra money then i will sell all my coins in available price. There's no need to dump them all at this current price. As far as altcoins, yes, I would agree that is good as a investment,
so when prices are volatile like now you are still doing a sale and purchase coins? because you need extra money? what if the price is below the price you bought earlier, will you still hold your coin? I feel the current dilemma because bitcoin price is currently below the price I bought earlier. whether I should cutlose and buy at a lower price again or keep holding |
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Smart work and hard work can be done in every job, depending on your dedication to work. If you are not a lazy person. Our dedication to work may be our reason for hard work and smart work. These two components can not be separated in my opinion. If you work smart you will definitely think of something to make the job easier, and unknowingly we work hard to think of it.
Yeah of course both can be done and usually many successful people have both. how they get rich of course they work hard on the business they do. when their business is still below, of course they will continue to work hard until their business becomes big. then they also work smart because it is able to bring many customers to their products. of course it's done with a smart strategy |
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Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
For some country, cryptocurrency trade have regulation. Goverment should be regulating bitcoin trade because many people now using bitcoin as their investment and with regulating bitcoin, goverment have income from taxes With the regulation, the government can make sure that the cryptocurrencies will not exceed to its limitations and it will make sure that it is still on the safe zone and not risking the people too much. Regulation is a must and just like the other countries we should apply regulation also in bitcoin so we can really say that it is safe and not a very risky thing to try. I think some governments in the world are thinking about how to implement regulation for bitcoin so that it could benefit the government as well. certainly by taxing bitcoin users and how bitcoin is not used for financial crime. because that makes the government has not given the rules and regulations untul now because they are still afraid of the bad influence because of the anonymous nature of bitcoin |
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Leaving your job to take up cryptocurrency job is a risk that is not worth taking considering the fact that you have to learn all the jobs related to cryptocurrencies e.g trading, mining, programming e.t.c you can combine your job with trading or mining and become successful.
It will not be effective, you will have to work half a day on normal work, and you will devote the remaining free time to crypto currencies. Much more effective will be to quit the main job and only deal with crypto currency, but this requires a stock of money. I think it's true what he says that working full time in cryptocurrency is a risky thing because of uncertain income. especially if you have a family and a child to feed them. of course steady income will be needed. I would much prefer to use real jobs and cryptocurrency simultaneously, it will not be too much risk, rather than just working full time in cryptocurrency alone |
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
week after you suggst this fucking idea,market experienced a big dip,and suffers for a long bloody market,if you really d(though im sure your not because i dont believe you have own house)sold your house that time,until now you might be crying because of the foolishness you did. I think in that day bitcoin prices still decreased in price dude, sold your house that day and bought bitcoin. then you sell your bitcoin right now of course you've got a big profit. You can check bitcoin price on that date and now. You've made a big fortune if you've done your idea. but I admit that doing this idea is crazy thing. it's the same as risking your whole life |
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Both are having a good value in the market but they are totally different in terms of used and the way it grows. We've knew gold for so long and it's great image in the public until bitcoin's comes arrived and people Turing their heads for these. Not exactly people forget gold but because if having a huge value of bitcoin recently they might get lost their attention into it.
but most of the world's population still likes to use gold as their investment because gold is seen as a safe place to save money without inflation and the like. bitcoin that comes with offering an investment with a quick profit will certainly be used as an option only because the fluctuating price makes people less interested? but for myself bitcoin is a great technology and for a long-term investment I never worry about it |
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