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USD. Simply because it is more stable. You can't actually tell the true value from charting Bitcoin, because of the huge volatility.
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I think it depends if you have a network. For example, if you have help then work is easier, life is easier, when you have someone to help you do necessary things that you would otherwise need to do yourself.
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I don't panic. The worst thing you can do when trading is to panic. If you want to lose all of your money, feel free to panic sell or buy a few times a day for one week... hahaha.
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What did you expect, the price to rise 10% overnight? That happens, albeit rarely. In crypto there are often long periods of losses before huge exponential gains. You must have patience.
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Trade is always at risk, in some cases great. Before you start trading, you must have at least basic knowledge. I recommend that you read a lot when trading with cryptos.
Its good to read before stepping in the real trading but its much better to experience the basic. I believe that experience will have a better thing along the way of learning instead of bringing only the knowledge in trading. most of the people get into trading with bigger investment and they just invest in it without doing any experience and get loss and then they quit and said that trading is not profitable. you first have to get experience with low invest and not be in hurry to get good profit. experience came with time and after at least 2 to 3 month you will be good enough to analyse the good coins to invest. This is why they #1 rule in trading is never, ever invest more than you are willing to lose. If you invest more than you are willing to lose then you are taking a huge gamble. |
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Bitcoin needs something like PayPal, only with a fair trading/escrow system that does not always reward the buyer and allow them to scam.
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Ehhmm, I would say that would be a good idea. Litecoin does not have as much potential upside as Bitcoin at the moment.
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Where is all of this money going into these ridiculous ICOs? I don't know about you, but this seems awfully familiar to the dot com bubble of the 90's. Money just spewing into random organizations without any idea if they would become successful.
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I ave got to go wit my gut and say Ethereum is the next big thing given the extreme level of technology compared to other coins, being backed by Microsoft and essentially used by hundreds of companies as their backbone.
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To teach kids about Bitcoin, get them started with using it from a young age instead of fiat and they will grow up knowing how it works.
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Bitcoin is called the gold of the internet. There is the physical gold of the real world (of course) and virtual gold online, aka Bitcoin.
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It is so obvious why Bitcoin is not being used widely. It is next to impossible for a complete noob to buy in a day and transfer to another wallet and use.
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One of the best practice in terms of securing your email account or your wallet is to setup a Two Factor Authentication, a code that is needed to login into your account besides your own password that will be sent through text message to your mobile phone, email address etc. another thing is when your copying your private keys don't save it online or in notepad, write it on a piece of paper.
Unfortunately, 2FA does not protect against a 3rd party organization going down for whatever reason. Name me one company that as been in the crpyto business for more than 5 years? There are very few. Most of them, no matter how large end up failing. It is just the simple reality. |
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The way to grow any form of currency or money is by investing it, naturally. What else could you do? I recommend avoiding all mining companies or fake ones who claim to payout huge but end up shutting down and taking all your money. Instead just buy and hold Bitcoin and you will be golden.  |
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If you want to turn $10,000 into $1,000,000 then my suggestion is either buy Bitcoin and hold for 20 years, OR buy $100 worth of every altcoin and set a selling price of 10x or more of your initial investment, and wait a few years. Eventually some whale will come along and buy up your holding and you will make a great profit.
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Mining and trading are not only not the same, but they are entirely different altogether. Mining involves buying expensive hardware to run algorithms to product Bitcoin, and trading involves signing up to an exchange and essentially day trading cryptos to try to make a profit.
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JP Morgan is already heavily invested in Bitcoin, and who know how many other entities like that. This news comes as no surprise whatsoever to me.
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Everyone watch out for the fake websites which steal your login info, they look exactly like the exchange website only the domain is different (they will change 1 letter) and then login to your account and ask for 2FA code which they use and boom, just like that all your Bitcoin is gone instantly.
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There are tons of services available for this. Some include shapeshift, changelly, Nexchange and various other exchanges.
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The amount of money early adopters made is simply outstanding... hard to imagine for the average person. You could buy 1,000 Bitcoin for almost nothing, like a few cents or even less in the beginning.  |
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