I want to buy watches for bitcoins?  There are lots of sites for those who wants to buy stuffs with Bitcoin. Though I’m not into buying things I need with Bitcoin, there are some good shopping sites my friends recommended to me that accepts Bitcoin, I just kept them and hope that I use them in future. Just check out overstock.com orshopify. |
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I mostly mine and hodl, but my friend day trades and says I should start getting into it. What do you prefer to do and do you think there is a better route to take? I personally think it's all up to personal preference, I'm new though.
Preference on how will you make profit out of crypto depends on the user itself. Trading in my opinion is a bit risky unlike investing especially with bitcoin where profit has a more chance to be earned due to the high demand on the market. But the best thing to do is to try all of it and see it for yourself. Yes, you can find it out by trying everything such as trading, mining and investing. The one that suits you the best must be your choice. In my opinion, we never learn until we lose some of the amount while trying to do different stuffs. Once we lose some amount, we next time be more careful and do research and analysis before taking any decision in the world of crypto market. If you are much of a risk taker, you can do day tradings. Just remember, whatever you do, patience is the key to success and profit. |
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I would like to start from $50,000 now because i have already some of the bitcoin and this is not bad to wait for the future i want to start from this amount for now and if i have some more money in the future i will invest in some altcoin as well but i want to start from this little amount So it may clear to me about the profit and other volatility of this currency.
For me, this option is even worse than choosing 50 dollars first to make the investment. The newbie must not risk with the huge sums of money until he feels he knows almost everything about the market of the cryptocurrency. It is very much true that at time when you are newbie, there are likely chances that you will suffer some loss as you don’t have adequate knowledge regarding the things and that you make such kind of mistakes which can result in loss of money. At that time, you need to decide very much carefully the amount of investment which you can afford to lose as you should only invest small amount of money in the start. |
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I have seen several of these.
And really make me think, but I still gamble lol
Even in real life, there are some stuff like this, if not, they'll take a %. So, they always win.
Lol. Probably because you just do not care if they cheat or not and you are already used to the idea of catching fun in casinos. I even do not see how casinos will never keep winning, and even if they do not cheat, they still have a lot of advantage to keep doing so in the long run while just very few gamblers will be the winning. I have heard several times where they try to cheat, but I have not experienced one before. |
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The challenge is that it's so interesting. Crypto is a little bit like a cult.
So you are saying we are all in a cult and that is why we are so addicted to every activity related to cryptocurrency. In as much as I have tried to stay away from checking the value at times, I just find myself doing it without even knowing. It is either I am trying to check how they are doing for long or how low they are going. Although, being a long trader, I really do not do it that much compared to some who are short or day traders. |
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Would like recommendation on best exchange to trade on and reason why you believe the exchange is better than others?
Well it depends on your taste actually. I'm using 4 accounts while trading (poloniex, bittrex, hitbtc and yobit) because some exchanges don't have the coin I trade. I have heard from many people that they have withdrawal and deposit issues many times in these exchanges namely yobit, hitbtc and bittrex. Recently many people had complaints abount hitbtc and yobit. I would recommend people to be safe while trading in these exchanges. Poloniex on the other hand is a good exchange and has less fees and was recently bought by a well known company. So I would recommend people to either go with binance or with poloniex. |
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Hi all,
I have a really simple question or so seems to me cause i am a crypto noob.
I really do not understand why almost everybody suggest to hold when there is a dip or correction.
With my simple noob logic i think that when there is a dip someone could sell at the start of the dip or do something else (e.g. buy tether y i know the rumors or something similar anyway) and then buy again later when the correction has stop or decrease.
Obviously no one knows when there is a many days dip and when it will end in order to buy but even so one can save much money just for sell and buy in between even without predict the absolute start and end of a dip.
I hold as everyone suggests but i now realise that if i had sell even a couple days before even yesterday-and not right after the start of the dip and buy lets say now i would have save a bunch of money relatively with what i am doing now which is hold.
I really must be missing something since i am crypto noob orelse i cannot explain why everyone suggest hold while i fear that real pros are doing the oppossite.
I would like to ask only experienced people who know what they are talking about to give their opinions cause i am fed up reading pseudo crypto pros everywhere around. I bet many of you understand what i mean. Everybody has become a crypto pro . Well i am a crypto noob and i need your heads up.
Thank you for your time reading this and excuse my lame English.
Regards.
Hold as long as you are not a trader and you do not know exactly what you are doing as you will end up getting confused anyway in the long run. Sure, you can learn how to follow trend in trading and that can always help you a little bit when the market is in a huge correction but if you know that you would not know when to sell and when to buy back in, please hold. |
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There is corruption in Bitcoin, often time by corrupt people in government and other power places. They control the media to a great extend, their voices are heard, their fuds are heard and affect the markets.
Yes but we cannot blame bitcoin for it because it is the greed of the people that they are using bitcoin to get corrupt. It is the greed of people that they are using bitcoin to take from innocent people. And using for their money to increase it, future of bitcoin is bright people are investing right now so it will increase the price of bitcoin for new people, government politicians are using bitcoin for corruption because bitcoin is anonymous so it can be the reason as no one can know about the sender and the accepted of the bitcoin. Human's need are always insatiable which is why some people always let that greedy impulse overwhelm them to the state of being corrupt. This cannot be changed by bitcoin since it is not a form of security measure or something that would prevent someone from being corrupt. Those who are corrupt have always been finding ways to do their dirty deals and they will always do. Bitcoin will have no effect on that. |
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They won't take away the bounty programs because this is a big help for them promote their ICO.
And now that Facebook even decided to ban promotional ads for ICOs, which also affects Instagram of course, then that leaves the companies to have Google ads, twitter ads and definitely bounties as their means for promotion. Bounty is quite effective for promotions and we should not see that go away anytime soon, at least as long as there are still going to be ICOs. |
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I secure my profits by setting them aside and i don't usually use them anymore because my profit is my profit and i don't want to waste it so i just set aside it to my cold storage and use my capital again for making profits again and i do the same cycle every time i got some profits from my source of income.
You are very modest. Not all of the traders are using the same strategy. They are in most cases deciding to invest all of their bankroll; capital and profit. Problem with this smart move is, even if it is most secure, it will not grant you the opportunity to gain bigger profit. If you want to earn some significant amount of cryptos risks must be made. 99 percent of the traders had entered the market world with the desire to make the big profit but for the extra profit, risks must be made. What will happen when your initial capital is lost?. You must pull the funds from your cold storage to compensate that capital. That moves are only prolonging your goals to success. Everyone makes their own decisions but to succeed in the crypto world risks MUST be taken. Personally, I would also postpone my profit. As you say, when it burned out, I took out my profit from storage and replenished the deposit. And if you risk the whole deposit together with the profit, what will you replenish your deposit if you burn it? Expert opinion comes from every side that never put your profit whole limmus in business. And as far as this world of trading is concerned, this is not a big deal. People often made this mistake and then they are doing nothing expect crying over spilt milk. We people need to get education of how to trade. We always hurry to earn money that is the reason we mostly found loss in return. |
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This strategy may not work, in the event that the bitcoin price will constantly exceed the minimums (highs) that you will miss. And as you can see by the last months, the price changes rapidly.
Bitcoin is no doubt really a good thing and it can help you in making a very good amount of money in short interval of time due to its volatile nature. The best strategy which can help you earn a really good amount of money is to keep on holding your bitcoins for more period of time and to buy more number of bitcoins at time when the market value falls down. This will increase the number of bitcoins in your wallet and you will be able to make more profit. |
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It could be, because I heard in news that maybe bitcoin used in criminal or illegal transaction to black market. And it also affect some of people are now doubting about bitcoin if it is real or not. And it was also alarming to all bitcoin users that loses their money because to scammer. So we must have action of this anomaly.
The thing is that bitcoin is for sure real and people are after it because of its high tendency of generating huge profits. This capability of bitcoin is not just an imagination, rather it has been proven last year when it touched 20,000 dollars and made maximum number of bitcoin holder’s rich. Scammers are successful in their evil purposes because we are fool enough to get trapped by them easily. We should not trust them. |
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Its been a tough decision for me but i would rather choose my real job just because I'm sure that it will be my lifetime source of income because we don't know when crypto lasts.
I always in favor of what is good for you. Either it is full time job or it is investing or trading in this bitcoin world. This is you who will be deciding what is beneficial for yourself. Then draw such plans in one straight stream and work hard to achieve your goal. Like you have said, full time job is biter than bitcoins so this might be good in your case but not in someone else’s. It really depends. |
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Its common question of most of people who want to get online currency. For purpose of getting bit coin we have work be more creative and innovative through our own work or creativeness.When we work as skill staff we can get so many online work after accomplishing this task perfectly we will get some virtual currency like bitcoin. After getting this currency there are so many way to dispense this currency or convert this currency from virtual currency to local or international currency.
For exchanging this cypto-currency to local or international currency we need different system like PayPal and others service providers.
To get a bitcoin as your Job payment, you should be a technically sound.You have to follow this forum, some job will be araised with the bitcoin payment. Search and get that one,if you get a bitcoin means,it's very easy to convert to any of using FIAT. It may be a dollar or Euro,it was very easy. Yes your right. And if you really want bitcoin as a payment to you. My advise is you should join some signiture campaign that will give you a small amount of BTC yes its too small at first. But if you show dedication and provide a quality post. For sure in the future you will also get a huge amount that you can exchange to fiat someday. Or a person can hack someone's wallet containing Bitcoin. Gambling can also be considered as a way of earning Bitcoin. Don't take this seriously I was just joking a little. Never mind me. But that doesn't mean what I told Are not the methods of earning Bitcoin. It is just that both of them are wrong. Joining A signature campaign, mining Bitcoin or trading it are the working methods. All have their own pros and cons. |
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Gambling is not my main aim, my main aim to find the path for long term trading. Sometime market may be dull to sell and that time I will spend sometime in gambling for entertainment, in my life there is no rule for me to gamble.
If you have such rule in your life, brother you are going so amazing. There must be zero tolerance for the people who are in gambling because they are losing their money and wealth by themselves. No other person out of the rage coming to them and asking for money. They themselves going to casinos, betting on the waste and then then lose money. Petty to them but they need help I think. |
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My questions is not on the technical side, since obviously you can create an address in a very much anonymous way. However, when it comes to spending it or convert it into fiat or even when spending it on a legit shop online you have to leave an identity trace. I know that with small transactions is fine, under the radar basically, but what happens with significant ammounts? I am asking this because I intend to become rich in 4 or 5 weeks Not entirely anonymous but they cant track your location or the wallet even if youre using it. They can track your wallet address and your wallet address alone Exploits than can track every one that you transacted with. But only the wallet addresses. better to say they cant track every single details about us,only the address of wallet is expose meaning we are anonymous in term of personal attachments..thats why this was used by some illegal syndicate in their activity, And regarding to what youve said that intended to be rich in 4-5 weeks?well congrats There was this incident happened last year, FBI traced out a criminal from Silk Road by his bitcoin transaction or at least they claim to. Other than that, I have never come across any article telling such a story in which a person was caught by his bitcoin transaction. I personally believe that it is not totally anonymous but a hell difficult to get the required information due to the blockchain technology. Complexity is beyond words. |
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Is not my case, I do have some savings so I didn´t start from absolutely nothing, but I had not much to start with. I am having a decent go at cryptos and I think it may be possible to make a living... What could be a good strategy?
I agree with, for me this is kinda impossible since Bitcoin require money, for internet connection and gadgets , probably you mean by investing? You will not initiate the giving of money? Well if thsts the case I agree with that, when I first start Bitcoin, this is entirely no cash involve , just hardwork and determination and now I gained here already. If you would begin here in forum and would just join signature campaign then money is not required, but of course a device is required to use for this kind of business and an internet connection and if we don't have that still have ways such as internet cafe where in we can rent for an hour in just a small amount. Mate they are talking about whole new start without cash having only crypto and i think this is most preferable thing because cash is just piece of paper to use but crypto values are increasing while you are using it or not and many of people will go with the favor of resolution and you will see in coming ears the currency will be replaced by bitcoin because it’s no of users are increasing madly and they will demand it. |
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The biggest changes in my life caused by Bitcoin is making my free time more busy in here and it helps me a lot though. I am hoping for the success of our campaign.
Many people are utilizing their free time in bitcoins and make precious profit which surely help in solving the basic financial problems like paying the utility bills, school fees and food stuff etc I also make myself busy in making money from bitcoin investment and taking participation in different campaigns. |
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Many cryptocurrencies are born and made by different people, it is highly organize by a geniuses people with high profile in this kind of businesses, but i really preferred only bitcoin, because bitcoin is in a good hand with a good management.
Well, my most favorite cryptocurrency is Bitcoin, but apart from that, I will go with either Litecoin (70%) orEthereum (30%). Reason I might be choosing Litecoin is because it has a cheap price, and is one of the main choice of investors recently. Ethereum is also good, and is a little bit up to the same standard or position with Bitcoin. |
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It is a thing that only you can decide by yourself.
You have to see yourself whether you are getting benefit in bitcoin or not.
However, In my views you should invest in bitcoin as it is a good platform and you can earn lots of benefit here.
I think you have nailed it. You made me speechless and I am impressed by your way of persuading people to think. You see, we can give knowledge to others but it does not turn up that everyone gets benefit out of it because we fail to make them think. You have directed the guy in the right direction. It is supposed to be done for such people who are unable to come up with an answer of their own. They better ask themselves every possible question. |
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