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Most of the people here have already seen and witnessd different price changes in the past few years since the bitcoin has started, and it has been common that when the bitcoin's price got changes, soon the alternate coins will follow. I have read and heard before how people tend to take advantage when the bitcoin price rises, its their time to buy alternate coins because they believe it will soon follow, unlike todays changes that it is kinda hard to predict when and what, this and that.
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This thing is usually common among people around here, and it is no surprise that some would also suffer from this kinds of problems. Sad to say that I am also one of these people also, but it was a long time ago, and after i did that mistake i didn't want it to happen again,and actually i kinda regret that i didn't care when it was around $1k at that time, and as i look back at those old days i felt down, but what else can i do? what's done is done, so better change the mindset than never.
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In specific one cannot get trading information anywhere else. Each market website has its own chart indicating the fluctuations of the assets. Going through those markets one need to make a overall summary to make further moves. Trading is all about learning on our self interest. Here we should have the mind to make predictions of our own understanding the market.
I totally agree with you my friend, besides if you badly want to learn you need to have your own analysis on the charts, and one more thing some people's opinion may or may not help you, but you can ask for their guides and tips especially when you were just a beginner. Although i am saying these things, i am also not an experienced trader that is why i was just giving some advises that maybe could help to readers out there. |
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In my country they doesn't ask any taxes from bitcoin income, but i guess maybe someday the government will take an action for that matter, but as of now there is no signs that they will implement it, and i think it would also be hassle for everyone else having bitcoin, to think that they have to state how much was their total income and if they wont abide the law they will be penalized, its sad though.
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Most of the times the price changes are due to so many circumstances, like news and other stuffs related to rumors and issues, investors who are behind those big quantities of trades, or those bag holders, while some are because of those groups that are behind the pump and dump issues. You need to be aware of those things before you join this community, and mostly you have to control your emotion as needed for you to survive this economy.
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Bitcoins and bankers are against each other because both is a threat to each of those two, but i think nothing will be abolished.
Bankers and bitcoins are totally opposite to one another. but according to me bitcoin is more profitable to people than bank due to which the familiarity of bitcoin is increasing very quickly day by day while the familiarity rate of bank is not decreasing but stop at the fix rate. Due to familiarity of bitcoins most countries will be try in future to make bitcoin there national currency. You do have a point also but, as to think that they are totally opposite i am particularly agree with it, the reason is that, bankers or banks asks so many requirements before you can open accounts or even start earning you need to undergo so many processes, unlike bitcoin, as long as you have internet connection, gadgets that can help you, and your own perseverance you can actually earn. |
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Well before, i can say that when the bitcoin price starts to rises, altcoins will be down shortly. In my opinion alt coin holders starts to panic at that time then they will dump instantly to convert to bitcoin because they are following the price of bitcoin.
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Well you have the right to an opinion but I do think you are wrong. The only reason bitcoin is so volatile right now, is because it is still in it's early days. Bitcoins are still far from it's limit cap, and it's slowly being bought as users get to know it, and trust the network and the community. Once it gets mass adoption, it's price will no longer float like this. As for it's value, it couldn't be more transparent than it is. Since it has a limit, it will only be regulated by supply and demand, so if people recognize it's value, then you can't really deny it. If at some point users decide that they don't want bitcoins anymore, and decide to sell them, then it's value will drop. But that is not a scam, that is just reflection of the true value people confer to BTC. If they trust it however, I don't know why they will do that, so I think it will perfectly work as a currency. People confer it value, and trade it for other goods.
If you say that right now it's not practical because it's volatile, and you pay high fees to buy just a cup of coffee with it, then I agree, but that will change with the lightning network.
As for a store of value, I really think you are wrong. Right now, I think this i the best function for bitcoin. A store of value is the purpose of an asset that can be retrieved, saved and exchanged at a later time because it holds purchasing power. Bitcoin actually shines here right now in my opinion. You need to mine it, and it cost money to do so, you have a limit cap, and planed halves. They will get more and more difficult to get, will require more work to be mined, so as it's demand increases, it's value will increase as well. This looks to me like a good store of value.
Finally bitcoin will actually get the best of both worlds, (precious metal and money), because they are limited and have value (like gold) and will be easy to exchange and trade for common goods (like money).
I totally agree with your opinion buddy. To think that bitcoin was just starting and not yet even reaching from its cap, there have been so many speculations to what might happen next or in the next few years that will come, but still nobody is really certain to what will be happening next in line. Its because it is only limited and important, many would do anything just to have a piece of those coins, or maybe this will cause a big ruckus in the future, specially those who have lots of those coin. |
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There is no limits on what amount you are going to invest as long as it what you can afford to lose. Investing is very risky although in bitcoin it is already trusted that you can benefit for it in a short or in long term, but nothing really is for sure so the best you can do is try some little amounts first while at the same time feed your knowledge about crypto.
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I guess it really doesn't matter if the value is high or low to make it officially legitimate currency, its because as we can see there are also several currencies in the world which are low valued but the case is that they were legitimate, how can you conclude that one? maybe i think it really doesn't matter about the price, but in the importance or the usage of a certain currency and what was its sole purpose why is it made and being used by us.
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
I guess so, even billionaires invest in bitcoin. Besides, promotion in internet regarding bitcoin will surely catch their intention. They will surely invest in bitcoin upon knowing how it works and the benefits they can get on investing on it. Besides, they will not miss the chance of earning more money. True , Just see what Mayweather is doing right now he's part of promoting an ICO's the first was Stox and now i've seen again he is on centra this campaign or signature i am wearing. Its a both benefits to the ICO and for Mayweather. Well i guess you were right but, if i were also a billionaire i would find some other ways to have much more income, so if ever i have a chance to invest with something that its potential is really great then i would not hesitate to invest or risk money in order for me to gain. Although some people quietly spread rumors about billionaires investing in bitcoin, i think it has really a high chance that they are here. |
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I think you should buy bitcoin today. it's never too late to buy bitcoin. maybe the price will go down but it's only temporary .. and the price will come back up. if you ask your moment to buy bitcoin .. maybe it is very easy for bitcoin. you only buy bitcoin at a cheap price and sell it when it is expensive. but you should not sell it .. keep your bitcoin in a long time so you get a lot of profit. do not wait for bitcoin prices to go up as you will regret in the future.
You are right in one aspect. But the general trend which is being followed when comes a point you need to decide amongst buying and selling of Bitcoin is “grab as much as you can when the market price is down and do not sell until and unless you have achieved that much profit which you want to earn”. I think this is what the bottom line is. You have a point also and yes it is true that your main goal is to gain not to lose. To think that when you were willing to invest you are also willing or accepting the fact that it has much more risks involved, and you were ready to gamble what you have for the sake of what you are aiming, so I guess you really need more experience for you to fully understand, anyway keep it up. |
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I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system... At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich. Its a good form of investment specially if you are in for a long run and it can make you rich in due time. But for those who are thinking that bitcoin is a quick rich scheme. It is not and I think its not the failure of the bitcoin system, but the person itself. There are no quick rich scheme, we all know that and bitcoin cannot offer that to you. But want bitcoin can give is that a perfect opportunity for someone to get tons of money if he has investment in it for longer term. Like stocks or mutual funds or any other investment instrument. I'm even holding for a stock for more than 10 years now but the dividend is not closer to what bitcoin can give me in I bought it earlier as well. Don't blame the system. But blame people for their greediness thinking that it is a quick rich scheme. Well that was right. I don't like the idea of this kind of advertisement also, just to make people convinced, but clearly speaking it is just in your own decision and your own hard work that will pay off. Work hard and you will surely know what will be the price of your effort. Those people that became rich because of bitcoin are just merely for inspiration, you don't need to be like them, do not copy them you can't be them, just make your own move for your own goodness. |
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In 2013, I wished I was an early bird who bought BTC in 2009. In 2017, nevermind. Thank God I bought 4 years ago Actually, same in 2020  I really regret the time that the price of the bitcoin is still affordable. I don't know ehy I didn't buy bitcoins in that time. But I know god have planned in all of us so we all need to do is to have faith in our self. I think regrets should be no space in this room instead focus iin the present and look for what we have right now. Of course all of us wants to buy when bitcoin is just around $200 but this is all our past. Let's just be thankful that we're now in the track. That is true. bitcoin's ride it up and it wont stop and come back for the people who are left behind. For now since were already on the ride, lets just focus on making up for the time we have wasted. To tell you honestly, if you keep on dwelling in the past instead on focusing on the present and thinking what should be the future then you can never move on. What else can we do if you are late? yes we do regret sometimes but in that case also it also reminds us to keep moving and not to make decisions that could lead to regrets. |
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in this forum we have the same chance to be able to get bitcoin even with different background and skill.
This is no different than the world outside of this forum. While on these websites we still sit in our own countries, in our own cities, in our own societies. And in each of those countries, cities, and societies there are teachers, storekeepers, police officers, doctors, lawyers, bus drivers, etc. Whatever we are...we are the same as all of these other people. We are no different. There's no less barriers here than their are anywhere else in the developed world. The only matter we have is our own definition of hard work and how do we apply it in our current state. If you would compare outside world here in this forum, there is no big difference in terms of work, it is just that here each of us has given opportunities, it is up to the person if he's is dedicated to it or willing to risk and work for his own good. |
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Hello dev. please update my signature status. my rank is now member.
thank you i will update my signature now.
Hello dev. please update my signature. I ranked up last august 31 and I'm a member now. please consider thank you. I would also like to say the same word as him, I have ranked up from Full Member to a Senior Member kindly update the spreadsheet thank you. |
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As the other did say, I don't believe bitcoin would be near the sixth feet on the edge. I certainly trust and believe that it will rise again, and according to what i have read and hear from some famous people it was just acting as a retracing period for the meantime, I don't know if it is true but i strongly believe it will rise back.
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Why Is Bitcoin's Value So Volatile? I am confused to buy bitcoin now when it's value is too high.
Are you trying to join an investment or trading thats why you want to buy bitcoin? if so bitcoin is too expensive to purchase for now but you can have and keep a bitcoin by not investing but instead you join the signature campaign with no investment, by joining the campaign you can collect bitcoins with no cost. You just need to spend your time and enough patience. For a newbie you are quiet knowledgeable already when it comes on money making which is actually right and its really possible to make money without the need on investing or pulling money from your own pocket since theres a way on earning it.Yes,it does really need patience and time because joining on signature campaigns wont really be an easy task.There are lots of things to consider first.Bakc to topic bitcoins price volatility is totally depending on the supply and demand which makes the price moves. All in all don't focus on the price, focus on how you get some bitcoins, and then the next thing you consider is think about how the volatility works for some reasons. As what have he said, joining some campaigns is not really an easy task to do, you are working to earn money that is the main concept of that logic. The main point is that the volatility of bitcoin is one of the traits why so many investors are reserving funds or keeping bitcoin as a saving or as for investment in a long run. |
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Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Absolutely agreed with you. Maybe for now bitcoin is at it's peak but later or sooner what if bitcoin's value decrease, people will lose their interest with bitcoin that might affect bitcoin economics. But as long as people are satisfied I forsee that bitcoin will be for a long term. Only basic investors do that. Most investors enjoy it when the price of bitcoin goes down. It's time for them to fill up their stash. They buy even more coins and then sell later. Everybody knows that the price of bitcoin will go up even after August 1. August 1 might even help us achieve the price that we want and even help in mass adoption. People don't just lose interest once the market goes down. Everyone knows that the price of something always go up and down. If you're not the guy that do a USD-BTC trade, then you're just going to hold your bitcoins when the price go down and wait a little more. There's no need to lose interest and just end up forgetting about bitcoins. Bitcoin is very profitable so even if let's say you lost money from trading, you will still try and do things to make money from bitcoins. And on August 1 in general it is very difficult to say something and even to foresee. It seems to me that there are two moments with investors, and this is when the coin is untwisted and money is saved in it, then the coin grows in price, but when there is a general loss of the crypto currency, investing is profitable by buying more promising coins at a low price and waiting for a better time For active trading. Nobody will lose their interest you are wrong buddy. You should need to study about bitcoin. That what is bitcoin. Bitcoin is 100% trusted so you should trust bitcoin. It is increasing not decreasing but if you are talking on a recent time then bitcoin once again going up. Hence I would suggest you to study bitcoin and the reviews of bitcoin. Yeah that is right, the big problem to some people is that they only see bitcoin only good at the beginning, not only bitcoin but most of the things they saw are only for short term as for them to speak. We already have notice that since then bitcoin's price isn't something we should underestimate on, instead it breaks the impossible features no one could ever imagine, that is also one of the bitcoin's feature that gives us thrill. In a long run I guess bitcoin could really be valuable or should I say something you should treasure. |
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As soon as more countries will start legalizing bitcoin, the bitcoin is gradually proving itself as the most valuable currency of the world. Many retailers are already accepting bitcoin due to its popularity and they admits the worth of bitcoin. I am waiting for the time when bitcoin become legalized in each and every country of the world and we can buy anything and travel using it.
I agree. Nowadays as soon as more people or countries see some development then that is the time they would also follow up. As of now the developments are slowly rising and it has not yet been fully developed, so there is really a high chance that it would really be legalized, but we still not know what will happen in the future, let us just wait further to what might happen, and just hope good news will still follow. |
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