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Firstly, we should see which these points are same here in gambling and trading,
1. Invest money
2. Take the risk.
3. Luck
If we use our mind than we know all business are same, we use money and take risk and if we use our skills than it is chance we could earn more. Otherwise if we are lucky than luck wise we could earn more. So i don't think that trading and gambling similar.
Gambling give us fun and trading is a kind of business.
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Yes, holding bitcoin for a long duration of time is a very good investing option as Bitcoins show a very healthy growth rate
It is true that holding Bitcoin for a long term is a great investment, but it is not that easy, the fluctuations will make you change your emotions in a second. You need to have patience and you should not react to small fluctuations of the day to day market. But, for getting best investment with Bitcoin, it's not just for long term. We can see, how about the price of Bitcoin in last week or last month. Isn't very increase value? yes i think depending on you luck, if you are a lucky person then can make good money from trading. i think if you are going for trading but i actually the examin trading and its new boos f If we are lucky than we make money in every field of business, than we are not thinking we do trading, and etc. But we realize about luck only when we have been taken risk, before it how could we judgement that we are lucky or not? But about the thread, better is that hold the bitcoin because bitcoin has a good price now and it has no problem if we hold the bitcoin for a long time. |
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The subject says it all, what books, resources and other things can I study so that I can make an educated decision.
I want to invest, but have no idea where to start and need to learn more about bitcoin and cryptocurrency in general before taking the plunge.
If you want to do investment, than many sites are here where you could invest your bitcoins.But clear your mind, many and many scam sites are here, and in this way, you could lose your bitcoins easily, And also only few investment sites are trustable, but you do hard work to search than you will be succeed. Better is that choose trading. In trading you could learn many things and make money. |
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what should be the best site for starting, i have understood that in btc-e you can start copying the trades of best traders, that may give some waranty, is it the same for the others?
There are a lot of sites where you can start and have a very good experience with them. But they are not all the same. They have their very own rules and regulations since all of them are business, they are not exactly the same with what they are implementing. Right, most of the sites are here and every site has different rules and regulations. But these all are part of trading, also we need skills to do trade, it is not matter which sites we are using, we gain profit from our skills base. But if you want to use less amount then yobit is best for altcoin trading. |
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I would not says every time is being missed because to get the perfect timing is like either you exactly know that this situation will be happening or else it is just a coincided that you buy and prices drop or rise vice versa. Also many things are not in one's control so timing the buy/sell would I say may not be at all easy job.
So the question is do you always missed the right time for buying or selling your bitcoin? We know that we don't control but if you will have enough time to monitor the movement of bitcoins price. You can have the control on selling it and take the chance to get profit of doing both buying and selling. It just a matter of time and patience. It is right, but i believe many trader missing a lot of chances but not always. Because in trading, we are confused, whenever we are selling our coins, because we think may be in the next time, coins will be increased more, and in this situation sometime we get lose. So you are right, we need patience and trading is time taking work. |
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We could anything with our bitcoins. Many ways are here where we use our bitcoin and also many ways are where we could earn the bitcoin, And usually i am earning bitcoin, from different ways, like investment and trading, and both give me good earning of bitcoin, but always prefer to saving.
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Now in this time, in my country, it is impossible that any restaurants and any coffee shops accept the bitcoin. Because in my country, no any restaurants accept the bitcoin, I know it is problem, but it is true, May be in future, i hear about some restaurants who accept it, but not in time.
But it is good and helpful the list of restaurants who accept the bitcoin.
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In trading, we make profit only when we buy the coins in a low price and hold them and when price go to high than sell them, it is trading, and also choice good coins. So in my eyes, bitcoin is best but now bitcoin is on the top, and it is hard to buy now, but it is better to hold now and see the least highest price and than sell them.
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What attracts you towards bitcoin?
I'm asking this because it could be different from person to person. Different people may like different aspects of bitcoin. So what do you like the most about it?
I attract the valid and main reason is that bitcoin give me a source of income and it is easy for me, because whenever i have free time than i could do it. Because in bitcoin, it has no time limit, and also i could do with my bitcoins which i want to do with it, like buying, shopping, bill paying and amount transfer, and the best way do work hard and earn from it. |
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Bitcoin is very strong kind of investment because even though it is still young, it already proves a lot of things to the people who are keep doubting about it. Like what is happening now, Back in the past few months, a lot of people said that bitcoin will never touch 1000$ but now it already surpasses that 1000 and now we are getting closer to 1500$ price per each bitcoin. Bitcoin is the best and strongest cryptocurrency now because of the solid support of the community and also the great supports of investors and traders all around the globe.
Of course, bitcoin is really strong other than all crypto currencies. Because of many reasons, but in the main, as you said in the past months, people didn't thought that bitcoin could cross $1200 but bitcoin has done. But i also think bitcoin is still alive and strong because people have trust on bitcoin. |
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Early adopters make it possible, because already they hold large number of bitcoins which can be used for multiplying through different methods. Common man who is new to bitcoin needs to go full time with unique plans, only then it's possible to earn such a big number of bitcoin.
True, there are 3 types of bitcoin users, the ones that have started a really long time and saved up a lot of bitcoin, and other who have started a bit later and have a relatively small amount of btc, and others who have just join and have a very small amount that they don’t save they just spend it as soon as they earn it, so 1000 btc is possible but I don’t see anyone that has such amount and go and tell people that he has. It is hardly true, bitcoin has a different type of users, and people use the bitcoin only this way where they feel comfort with it. But about the OP, it is really possible to earn 1000 or 100 bitcoins from Altcoin trading, if we use a big capital in trading, and hold the bitcoin for a long time. But also same thinking, i also haven't seen anyone who did it. |
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No, seriously I don't like it, I use bitcoin because bitcoin is a crypto currency and it is different and new technology on online. But first of all, it wouldn't be happened now and also in future, that bitcoin will be used as a main currency of America and any other more country.
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Absolutely right, bitcoin has been defeated to gold, now in this day, i saw bitcoin was $1290, its mean bitcoin will grew more and may be its price would be touch $1500. And imagine, if bitcoin would be reached at $1500 than definitely people who have sold their bitcoins already, they mustily sad on it.
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I am agree on it, mostly people not accept that bitcoin is a currency, because people are using bitcoin for gain profit. So i think it doesn't matter bitcoin is a currency or not, because bitcoin give us a easy way to make money.
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You know on one bank accept the bitcoins, we can't deposit bitcoins into bank. So it is useless to discuses about profit rate from bank. But we could safe our bitcoins into our wallets, and it is safe-sound. And good thing about bitcoin is that whenever bitcoin price increased then we could make profit from it.
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Now in this time, it is imagination, but in reality it take time, may be after 10 or 15 years ago, if bitcoin will be remain in this world, than 1 Satoshi will be equal $1. But i wish the day will come soon, than definitely bitcoin make us rich.
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Yeah, because now bitcoin still have a good price, and sometime it confused us to sell or not. But better is that if anyone have more than 2 bitcoins than should sell some bitcoins, because in this way, we make profit. Otherwise, hold the bitcoin for a long time, will be not good, becasue it is no guaranty that bitcoin go more high.
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You know I really accept the question, Now i have also same feeling. Because last time when bitcoin came in $1200 than i sold my 3 bitcoins and now once again bitcoin come cross $1290. So i am too confused and feel sad to sold my 3 bitcoins, and still now i have one more bitcoin, But also i don't know What should i do? Even in this time, bitcoin price too high, it is not easy to buy now.
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It is really good for newbie, Also you are doing very hard working for help the newbie. Especially in trading in the start everyone want to help to start the trade, the reason is that trading is not easy when we start it than we realize it is time taking work and need attention.
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UPDATE SERVICE STATUS
My coinbase got some problem so I can't pay for some user now
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Count me in as well if this service is still running and if you have resolved the coin base problem. I hope the simple signup does not require the mobile verification and other personal information. |
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