Share with us what's your main reason for buying bitcoins?
I buy because I want. is also able to invest in another website. of course I man my bitcoin. so can I, who converted to php money. but it could also gamble I think gambling your bitcoin now is not a good choice because there is a risk of getting lost of it. If i were you i will just hold it and even though im just holding it we can still make a profit because the price now is continue rising  . Also, if you investing on an investment sites like cloud mining sites or other hourly profit sites, i suggest to you to search for positive feedbacks or review to make sure that the site is trusted and not ponzi or scam investment site. |
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yes why not that's way the price is so high now making each bitcoiners profitable !  i think its up to july 10 and after that it will go normal ! Yeah it will happen on july 10 and i think that the price of bitcoin will fall down a little bit (i think) because i think that many users will sell or convert their coin into fiat so if many users will continue to sell their coins it will affect to the price of bitcoin to go down but the good thing is, if that scenario happen i think it's also a good news because we are able to buy bitcoin for a lower price and we also help bitcoin to increase their price again. |
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I gonna sell them all and be relax atleast a year then start up my own business and make that money grow well after all 1 million dollars is really a big money I think you can even relax for your entire life
Yeah i will also use that 1 million dollars to invest for my own business so i can increase/grow that 1 Million and it will result for continue earning money . And when i settle my own business i will relax and let my employees work . |
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Do you use bitcoin as currency? Or you use bitcoin as investment? Or both? I use bitcoin as currency and i never sell my bitcoin, but i prefer to use bitcoin when price is rising So, how about you? Im using both of them until now. Maybe I would to sell all of my btc if the price reach more than $1000 , and seems that will happens soon Yeah i will also do that. As of now mostly of us are just sitting and also waiting for the price to reach that $1k. |
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There should be no minimum - instead focus on a maximum you should be trading with. Never more than you can afford to lose!
I started trading with the dust I collected from faucets. Cents eventually became dollars, dollars were lost, gained...but now I'm up hundreds. Just gotta know how to play the game without risking too much!
Yeah don't put huge amount of money if you are just getting started in trading. Doing trading with a small amount can help you to gain experience and make better decisions. |
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Is it best to buy now before halving or hope it drops slightly and then buy immediately after halving?
I think buying bitcoins before halving is a good choice because we can see that the price is continue rising and also have a high possibility that it will reach $800 before the halving comes on the month of july. |
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Thank for all.
I think to invest
4k€ to btc
500€ to eth
and 500€ in other altcoin or stuff mining. I'm electricity free
good luck with your choice, but i'm prefer invest 4k€ to btc and 1k€ for trading Yeah trading is a good choice to place that 1k eur because in just a few couple of days or week we can double that amount depending on the trend of the coin that we choose. |
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5k is a nice amount and I think you can make a lot of nice profits with it, I would honestly just invest into the bitcoin and sell it after the halving.
I'm pretty sure you can make nice profits with it on that way.
Yes because we can see that the price of bitcoin is continue rising and it doesn't show any bad signs that it will fall down. I think buying now bitcoin with that amount can still make a lot of profit by selling after halving. |
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The price nowadays are increasing with a fastest speed , so I think the minimum amount will not be sufficient to start trade efficiently, you would have to get some good amount of bits in order to take part in there.
Yeah small amount of bitcoins is not advisable for those newbie who want to start trading because you can't feel the profit you will make if you only one small amount. I think the minimum amount for me is 0.025 btc. Just my opinion. |
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Then it is much better for me to save my bitcoin for now and wait after the halving? Is it still advisable to invest on the mining sites after the halving? If not, how can I earn more Bitcoin after the halving if most of the mining sites will stop operating?
Don't invest in mining sites. Most of the time you'll only lose money. Just but btc and hold, look to sell in the 2k range. Yeah on cloud mining sites there is a high risk of getting scam because it's very tempting to other site especially cloud mining to turn to scam because they think that mining bitcoin is not profitable anymore. |
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Looks like we may be over $1000 by this halving.
Yeah that's possible and have a high possibility of reaching to that price because even though that it's not already halving the price is reaching for $800 per piece. |
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before halving the rate is increasing day by day but after halving i thin the rate will come down to certain limit. if after halving the people create panic and they use to sell their bitcion at the same time the a panic will be creat and the rate will fell down. but if they manage to hold their bitcoin i think only then the rate will ge some stability.
Yeah that's right after halving many users will sell their coins because they think that it's the right time to sell it but they don't know that it will cause for a huge dump for the price. |
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stupid question, probably. On YoBit, sometimes there is a small difference between the 'buy' and the 'sell' price, and sometimes there is a huge diff between them.
I don't understand what drives the difference between the 'buy' and the 'sell' price. I can see the sell orders, and when one of them is used up, the price increases a little bit. Why don't the buy orders match? ie if the buy price goes up by 2 sats, why doesn't the sell price goes up 2 sats?
trading for dummies 101?
Well its really very nice question. The difference between the 'buy' and the 'sell' price is Spread. Its not only happening with yobit it does happen with all money market. Most of the time spread are normal but when important news comes suddenly it increase and also happened this when off market hours start, like when market are changes Asian sessions to London or NY sessions And the "buy" price is called Bid, while the "sell" price is called Ask. The difference between the closest bid and ask (spread) in the orderbook depends mainly on the liquidity of the traded pair, i.e. how many buyers and sellers are in the market willing to buy and sell at the moment. There is a competition between both buyers and sellers over whose order gets filled first... This competition drives the spread narrower Owww. now i understand thanks for the info and ideas that you brought here now it clears my confusion for that buy and sell difference in price . |
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i think you must be careful. the rate is now very high. i think you should be careful the market can take a reverse acceleration. i think you should wait a little now. other wise you will ensure a big lose.
I think even though the price is very high now we can still make a profit because there is no sign that the price of the bitcoin will crashed down. In fact the price of bitcoin now is a little bit stable and a good sign that it will increase more after halving  . |
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Im my opinion, Yes, you can profited alot if you were hold alot of BTC when it was $1 or below than that when 2011. Imagine if you bought alot on that time, and still hold it until now (but im sure there are just a few people who still hold their btc when they bought it at 2011). i think if you buy btc with current price now, its still not too late for hoping it for rise again. goodluck
Yeah i agree with you. We can still make a lot of money from now by just keeping our bitcoin for a long time like another 4 years and sell it for the next bitcoin halving in 2020 . |
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I noticed that almost all Bitcoin exchange websites I know have a withdrawal fee.
So, I want to know if there are websites that have not this withdrawal fee.
I think it's impossible for a exchange website to offer a free service because what is the purpose of that site if they are not earning money?. |
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Yobit's withdrawal fee is 20k sat, which I think is lower than poloniex. I might be wrong, as it's been a while since I used them. And that's not too high a fee. As has been mentioned, the miners' fee has to be paid.
The poloniex withdraw fee is 0.0001. That is 10k, so it lower than Yobit. But when Poloniex send the bitcoin, it pays much less than 0.0001 as it combine several transaction together. Wow that is a cheap fee, i think i will move from trading altcoins poloniex. Thanks for the info . |
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it was better to invest when rate was $450
Yes if he buy it his $20k from that price im pretty sure that he gets big profit right now because the price of the bitcoin is getting near to $800. |
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Invest it on mining I think mining is not a good choice right because the halving is near and if halving has been done it will be harder for miners to mine bitcoin. |
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I will suggest to just hold them and continue gathering more bit coins than investing them and put them in a risk. Who know's when the price of btc skyrockets . This will automatically make your btc funds double in Fiat.
Yeah that is one of the safest way to earn money even though you can't grow your bitcoin by just holding you can still grow you money. |
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