This I think is the main problem of many traders as the time for cashing out is not predictable and usually leads to confusions. But my strategy is to cash out when I have earned at least 2x from my investment.
Nobody can say when is a right time to sell, what if its fall 10% but jumps up 80%. So selling is totally a traders call based on his personal understanding and satisfaction. I also sell when its like over 80% upon my capital invested. But I do prefer to wait to cross it more unless I find its getting risky or not worth in the future. yeah I think it will depend on the strategy of each trader itself, usually some traders fix what price they should wait to sell their bitcoin, and how many percent of the bitcoin they will sell also vary, there are some traders who sell all their bitcoins, of course this is not a recommendation because they does not have a back up plan. I myself always set aside a few percent maybe 25% for me to save back until the future,, |
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Bitcoin bank, i think is a great idea, because as far as i know having a banks it has rules and regulations and i think it is more secure than having Bitcoin wallets to store our coins. In this kind of world, where innovations and changes with the aid of technolgy, it is very possible to happen to have Bitcoin bank. And when that time comes, im sure Bitcoin is already totally accepted in the community
I think it does not matter if the bank owner is a trusted person like the government, but you know that bitcoin bank could have been made by a third party who might have absolutely no security for sure? I myself not concerned about bank bitcoin idea, but you should know that bitcoin banks will make decentralized and anonymous of bitcoin lost, and I prefer using wallets rather than bitcoin banks,, |
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yes I think everyone would want to be rich because by being rich we can buy anything including happiness.
money is not everything but everything needs money including to buy happiness
You cannot buy happiness with money many people think the same but there are many people that are miserable and are rich and there are those that are poor and are happy you may or may not believe it but that is the way things really work, if money could make you happy then no one without money will ever reach happiness. I think it depends on the principle of everyone, some people prefer simple life and they are happy with it, but there are also rich people who are also happy because they are all well off, indeed that money can not buy a happiness but I think wealth will add happiness or even help you to be happier, we do not need to be hypocritical, you would not be happy if you continue to be poor right? so you are trying to get money from here to live a more decent life,, |
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I believe it is normal for bitcoin value to fluctuate and to go deeper especially when fork is happening. I suggest that if ever bitcoin value falls, instead of selling, better hodl your bitcoin and buy some more. It is high time to acquire more bitcoin when value falls since you get to buy them at a low price eventually, bitcoin value will soon rise; just give it some time.
yeah i think we know that price down is normal thing, why are you panic ? we should start thinking that the price down is an opportunity to buy, you can see a few days ago the price of bitcoin has fallen and now the price back up, which must be changed is the mindset of traders to not panic when prices fall, all they have to do is stay calm, that the price will definitely go back up |
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how is bitcoin better than other coin ??. bitcoin has been in the kriptocurency world for almost a decade, and bitcoin is the first possible cryptocurency, the bitcoin is better than the other coin
bitcoin maybe has a slow transfer from wallet to wallet but bitcoin capability and its value are extremely different from others, Most of alt coins are depending on the ICO and the project they are developing and it can be gone or a scam once the team run the funds but bitcoin will never be like that as bitcoin is not depending to anyone and just on mining. thats true, in spite of that in some cases bitcoin has deficiencies such as the duration of confirmation, the fee that more expensive, but the appeal of bitcoin is bigger than the other coin, maybe one of the factors is bitcoin first has a bigger community it's quite affecting you know ? because bitcoin deployment that also helped from the promotion of their users, so bitcoin is getting famous than other coins,, |
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The way market is moving from last three months. No strategy was better than day trading. Day trading can usually earn 5%-50% return on coins and loss can be reduced by using stop loss at 1%-5%. ATM coins multiply in a day and get dumped the other day. In such circumstances day trading can help a lot in marking profits and reducing the loss percentage.
It is risky just like putting your money on a stock market, you cannot earn as much as you want when you are getting your investment whenever you want or just by doing daily trading, you have to at least hold it especially in bitcoin. Losing 5%-50% is not a normal thing, when that is happening to you then your strategy is not right. daily trading will give you a bigger income because you know that coin prices are always changing very quickly and will probably go up high in one day and you can profit several times in just one day. of course it's risky different when you want to wait a few months or hold your bitcoin. but the risk can be minimized by your experience and skills,, |
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Investing is better option, saving or keep money won't make you rich but investing does!
Of course it is but only if you know how to invest your money and not risk whole amount on thrash coin which would lead to bankruptcy! i agree that investing will bring you wealth because investment will grow your money, but if you do not have any money in your pockets or backups money it will be the same to make your life risky, because investment also has risks which can make you lose? after all saving it's also very important to collect your money from a lot of income so it becomes collected a lot, I think if you want to invest make sure you also have a saving money plan,, |
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When will the youtube and other websites start to pay us with bitcoin?
When Bitcoin will be mass accepted by people then more and more merchants and online websites will start accepting bitcoin. Now with Bitcoin futures being released in a few weeks it shows that Bitcoin is being accepted by more and more people extensively. what about the legalization of the government? I'm not sure many stores will accept bitcoin even though there are lots of bitcoin users in the world, whereas the government of the country bans the use of bitcoin in their country? I think what should to be needed is the legalization of the government, or at least regulation for bitcoin so many merchants believe to use bitcoin as their payment option,, |
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All strategies that you know can applied since after all, all bets will faced the provably fair. So what's the best? None. If you won, you are lucky. That's how house edge gambling games works. If you don't understand what house edge means then take some time learning it so that you will know why majority of your responses here saying that there is no way you can beat the house.
Better try your luck on strategy based games such as sports betting.
Do you think there is no house edge in sports betting?  maybe an exception to sports betting but the odds of each match will certainly be more profitable to the house, example for soccer betting, when barcelona vs small team, of course odds to choose barcelona win, will be very small probably around 1.01-1.05 and although the house is losing it will not be too detrimental to them because odds are so small. you know what i mean right? |
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Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎
What you guyz think
Newbie
It depends on what country you are on because some country make it illegal but some country it is legal like in the Philippines where Bitcoin is legal and the exchanges are regulated by Banko Sentral ng Pilipinas and investment are highly warned by the BSP. yeah it depends on which country you live on, because every country has different rules in accordance with the wishes of the government, in my own country bitcoin has gained a lot of attention, the government gives warning for the community to be cautious on cryptocurrency and local exchange sites requires its users to verify personal data for government purposes,, |
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Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.
Well Bitcoin can help a person in terms of providing financial assistance to us, and I think Bitcoin can help us even though we are not yet credible enough to be profitable Bitcoin gives us a chance to work with, if every person experiencing this kind of potential of course it will be a great community to live on. in many cases bitcoin does provide a great deal of help and benefit to many users, the benefit of which is in the form of finance which is getting better because they benefit greatly from various forms of investing in bitcoin, from that advantage bitcoin helps many people around the world and it affects the economy of a community or a country,, |
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In the traditional investment systems there are areas like stock exchange, real estates, commodity market, forex market. Then there are hedge funds, mutual funds, equity, debentures. Next in line are precious metals like Gold, silver, diamond. Years after year and decades after decades when mainstream economics was convincing people that how one of above is better than other as it is giving returns in the range of 8% to 9% at max 10-13% a new revolution named bitcoin is rising and spreading across the world. Bitcoin has defied all conventional knowledge about return on interest. Surviving each negative publicity and doubts, incidents like mt. gox and still growing better than ever.
What do you think why bitcoin is the best investment than stocks, real-estate, gold or any other conventional investment?
Those traditional investment are great investment but they took a long time before it will be worth as expensive as you can gain if you invested into bitcoins. Because bitcoins grows fast because of the trend today and lets take advantage to that we all know that bitcoins will always grow this point of time. While stocks they will take a lot of time and ypu should find a very successful business before buying atocks. yeah like investing in real estate or property, you need at least a few years so your investment becomes more expensive than you bought before, but arguably this investment is safer, because property and real estate prices will always go up from time to time, while bitcoin is very profitable for the short and long term, but high risk due to fluctuating, I think relatively if to say which one is best, because everyone has different answers,, |
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Cash is better than Bitcoin. On the other side, there are many country that don't accept Bitcoin for modern technology or economical reason. So Bitcoin is won't the first payment choice there. Fiat is the biggest way for the bigger part of hole world.. it doesn't mean that cash is better. They are just not ready for Bitcoin. I believe that, once upon a time there government accept Bitcoin and every people use it...
I don't think that some governments will not accept bitcoin as a currency for the reason that it is decentralized. yeah I think the reason cash is better than bitcoin is because cash is more accepted in all stores while bitcoin is only a few stores that accept bitcoin for payment and bitcoins are not legal so a lot of people more rely on cash for their primary payments, but when bitcoin has become legal and accepted in many places, I'm sure there will be many people who will use bitcoin and bitcoin will be better than cash someday,, |
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You are absolutely right. Bitcoin is still famous and will remain this way.
We can see at the price of bitcoin, I think no altcoin can take over bitcoin place as the favorite cryptocurrency. If bitcoin price up the price of altcoin is down, its mean that bitcoin has big effect to altcoin. I think bitcoin price changes that continue to skyrocket now prove that bitcoin is not only still famous but more getting famous, we will see the bigger marketcap and the higher the price, it happens because many people around the world start to recognize bitcoin and start adopt bitcoin, then bitcoin is getting famous,, |
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Probably not, some people choose to invest in gold because they love their beauty. Gold prices also tend to be stable. But if the future will be printed bitcoin and have a higher quality of gold may be many people interested in using it  Wise people never invest in anything after getting attracted by its beauty. What is the point in having the beauty, if the returns are low? If that was the case, then investors will be going after gold jewelry and not gold bullion bars/coins. and the fact bitcoin is not a jewelry, but just a crypto currency? gold will continue to have a price until whenever because gold has a selling value that is a beautiful jewelry and that's what makes a lot of people buy gold (in addition to investment objectives). while bitcoin is just a crypto currency used to investment, certainly bitcoin will not replace gold,, |
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cryptocurrency stil not as big as we think for now
so bank still get no trouble from it
but if one day come when crypto use bigger than fiat, much bank will collapse
just strong and very healthy finance bank will survive
but i think it will be along time to go because government protect them at all cost for now
in the future i hope crypto and fiat can live side by side
it would be difficult to accept crypto as legal currencies in country. only possibilities it could be as an alternative payment method, same as creditcard, mobile payment, etc. Position Bank will not having trouble with any circumstance, because crypto still need many improvement. yeah I agree with you, of course bank will always exist in the future, the government will always use fiat as the main currency and then bank will always be used by everyone to save their fiat money besides that, bank not only as a place to save money but also as a financial regulator of a country, such as the central bank, so I think banks will not be replaced much less replaced by cryptocurrency, yeah maybe crypto will only be alternative only,, |
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Absolutely bitcoin has a future not only as an investment because it enables us to earn but also as a form of online currency. Bitcoin i believe is here to stay, the high demand of online activities makes this digital currency highly useful as form of payment which ease the traditional payment with bank as the middle man. That being said, this matter has made the people experience a big change in their lives.
Yes, Bitcoin is a bit difficult to use as a payment method, because 9 of the 10 people I know use Bitcoin just to make money, and that's what it will always be. Nobody will survive when the price of bitcoin is fixed Unfortunately I say the truth. No one wants to use Bitcoin as a method of payment because there are free transfer technologies. regardless of the purpose of the user in using bitcoin, the demand of bitcoin on the market continues to increase and this means bitcoin development continues to rise day by day and we can speculate that the future of bitcoin will be wonderful? after all everyone is free to use bitcoin for any purpose right ? investment or currency it's up to them, and whatever their goals will make bitcoin better,, |
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Maybe not to get rich, but sure as hell to earn a decent amount of money with bitcoins.
How much money did you earn with bitcoins? Or did you lose some?
I always dreaming that I can become a millionaire someday because of the bitcoin! I know that I can earn big amount of money if I continue ti work hard everyday in this cryptocurrency world. That dream will come into reality if you keep holding and trust bitcoin that it will continue to be successful. If we have been profitable this year, we will see more profit in the coming years so let's be strong to hold and don't be contented with short term profit. I think everyone already knows the key, if you want to be rich then you have to work hard whatever work method you choose, working hard is the main pillar to get rich, including bitcoin, even to hold bitcoin it takes hard work because there will be plenty the obstacles and the temptation to sell your bitcoin before the bitcoin price is really very high, you need like trust and patient, if you want to be rich from holding make sure you have a lot of bitcoin in your wallet and you can start collecting from now on, I'm sure the next few years you've got rich,, |
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