Don't waste your time on reading full article, it's nothing special. The main thought behind this article is this:
"No matter what you do: investing in bitcoin, stocks, gold, or taking an exam or being in a relationship, do not take it as gambling, or a game of luck. Do not believe in stories about getting rich overnight."
In the end there is no one who can predict price accurately, all you need to do is wait for the right time to sell your coins.
i agree. 8btc.com is starting to become a bit annoying with its articles these days. at first i thought it is because of translation but i am starting to think they are just poor articles and each day you see them being posted in a new topic in this board!
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To make profit in alt coin is a bit difficult and need a lot of patience, and sometimes it can be more than a week before the price moved, actually it is more profitable to do day trading, but sometimes alt coin movement is not that fast
Yes agree, fluctuation of altcoins price is slow be compared with stocks markets, in my opinions strategy day trading is suitable used on trading stocks than trading altcoins because marketcap of stocks in the world more much than marketcap altcoins or bitcoin. can you explain to me what does market cap of altcoins have to do with ability today trade them or now? i can see how it can be harder to predict altcoins just because they are usually fake pump and dump coins and move with no logic and against all speculations but the fact that they are being pumped to the moon means you can make amounts of profit that you can never make anywhere else.
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What is the best short-term (3 months or less) investment you made?
The best short-term investment that I joined and run in 3 months was investing in high-yield investment program (HYIP), this hyip is known to last only a short period of time but sometime we need some skills of intelligent and feeling about what will happen in that hyip if it can take longer or will just scam your money after awhile. I think HYIP is not recomended to investment Hyip anytime can scam, and only wait to scam, maybe you not reach BEP, HYIP site is scam if you playing hyip must choose good site and early join in launh site, but still gambling, because not known hyip site is good or not but if late join only can get scam without BEP HYIP or PONZI are not even investments. they are gamble with terrible odds of winning and nothing more. the scammers try to call themselves as an investment just to fool others and look legit. but in fact they are scams and are bad scams at that. and just FYI joining first or last doesn't matter, you are always at a high risk of losing your money in these SCAMS!
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Not all people are knowledgeable about investments. There are people who are excel certain aspect but actually have no idea about invetment and right company for the investments.
that is what internet is for you use google or any other similar search engine to find more information about the investment you are about to make. as you said in the second part "research" about them and if you find some good reviews you go to the next step and if you found something shady you stop at that point. there are also experts that are giving consultation to others about investment.
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with all the drama, fights, debates and all the stalling that is going on we will not see any change for at least another year. things will remain the same way as today with a big backlog and the same block size and fees growing and price moving up as always we may even see $3000 before any solution for block size is found and implemented.
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China has lost all its footing now. they had some small power and a lot more hot air like a blowfish, the first blow was the elimination of fake volume, the second one was prolonged suspension and the final blow was all Chinese traders moving away from the exchanges you are calling big!
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So even with the disapproval Bitcoin still is currently around £1080 here, so is it still worth it to buy some BTC's now? Or to wait for a drop (who knows when)?
And is it worth investing in some other Altcoins?
*sorry am still a noob to this
It's hard to say. Clearly, OP is a total FUDster and was once again wrong. ETF disapproval has not caused a new bear market, at least there is no sign for it yet. I have thought about altcoins as well, but because what I've seen in the years before, I haven't dared to touch altcoins ever since. My idea would be to buy the next leg down, but only if it goes down considerably. I have actually got some altcoins but only a few of each, no more than £400 worth altogether. Just wondering if I should get more really at this time. Especially with todays economy and Brexit in mind. And what do you mean by next leg down? What would be your advice? Cheers. brexit and other things have nothing to do with altcoin price rises. they are simply getting pumped. and yeah we have all gotten so many altcoins, some of them more than others because we are all looking for more bitcoin in our storages it may be a good idea to start thinking about exiting them though. the pumps are nearing the end and the dump will be hard. so be careful.
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we reached it and now we are off to the next mark...
What is the next mark ? $10,000 ? that is not exactly the "next" mark i had in mind since it is the ultimate goal but sure why not to be more precise we conquered 1 oz now lets conquered 1 Tael and then any other weird names gold units have
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Altcoins just keep rising smh
another big drama is circling bitcoin like last year and they are using this to their own advantage. in fact that is how Ether rose to the moon the first big pump! and they (ether and others) are doing it again...
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i never like this type of categorizing stuff because as they say, world is not black and white. bitcoin has problems (not sure if we can call them flaws) but has many other good features too. it is being adopted but there is a long way to go still. being a fanatic and blindly following others like a sheep is never a good thing in my opinion. i love bitcoin and i have obviously invested a lot in it but i am well aware that it is still a risky move.
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it is a checkpoint for bitcoin. we reached it and now we are off to the next mark. so it is a meaningful thing. and as it was mentioned by another comment, bitcoin is still very young and with all the things keeping it back such as the negativity in the media and all the FUD and the drama, i say it has grown very good.
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well theres no such thing like bitcoin price stable as you can see everyday bitcoin chart changes and theres no stable moment from it and another thing the one who make bitcoin price grow and drop was the bigwhales and the other reason why bitcoin price is keeping higher because theres a lot of people trying to use bitcoin thats why theyre investing every single cents of their money on bitcoin right now so whe should be grateful on what happenings now.
check a chart and you can see that there are many stable moments there and these moments often last long! there has been times when price stayed at one level with $10 fluctuations for a couple of weeks. and there is such thing as stable bitcoin price, and it will happen more as the market grows.
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I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
First I meant most .. second.. it is profitable.. and I am just asking.. I thought that people grow their bitcoin real.. fast isn't they?
if you mean most (a large percentage) of all your money then it is not such a bad idea. although it is still risky and i think it is best if you start small and then grow your investment little by little. and also try to buy in the dips to make more profit although it is already too late for you since all the dips are done and over now!
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What are your thoughts and ideas to prevent these scams.
Either do your own due diligence (stick with established, well rated merchants) or use a credit card when shopping somewhere "less than reputable". Yeah well the purpose of my question is about promoting Bitcoin for merchants. Thank you anyway for your though Anybody else ? your question should be what is promoting bitcoin for "customers" not merchants. in fact bitcoin is best for merchants! because it doesn't have charge back. the worse thing that keeps happening to merchants is either charge back or credit card fraud and bitcoin eliminates all of these. but according to your OP it is customers who will be affected by things you said. and if the merchants is trusted and has a good history trusting is not hard.
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That is mind blowing how bitcoin made comeback so it's proving crypto world belong it. I've great great hope to get back on ATH again.
i was thinking the same as how this topic is old and yet price is the same but if you look back it has taken a very long path with lots of bumps to reach here! $1221 right now where are all the ETF bullshit guys who said we will fall to $800!
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let's share your thoughts
share my thought!! it is the protocol. an unconfirmed transaction is not yours until it is confirmed. otherwise it can be double spent and you won't get your money. 1 confirmation means there is very little possibility of double spending. more than 1 means there are enough blocks mined after your transaction that it becomes extremely hard and expensive to double spend which means it is practically impossible. next time read wiki, or bitcoin.org for things as simple as this, they explain things way better than we can in a comment. https://en.bitcoin.it/wiki/Confirmationhttps://bitcoin.org/en/you-need-to-know#instant
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I bet this thing is answered already by piloder on his post
haha, it was answered by the second comment (by mobnepal) and now it is getting repetitive replies with nothing to add. i think i should close this topic. if anyone thinks otherwise send me a PM with valid reason why not.
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I like BTC stability. Sell for 1300 and buy back for 950 in just one day.
dude that's one of those incidents that happen once in a million years, it was awesome and good for anyone who could catch it. i did but not at the very bottom.
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well right now i am planning on purchasing a house for myself in a very short time (like the following couple of months) so if i had an additional $2K i would add it to my capital to be able to increase my options by a little bit.
and it is kind of an investment to buy a house right now. i will have a home most important of all and also i plan on buying it in an up and coming neighborhood so the price will rise in the future too.
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
i think the majority of people who truly understand the potential of bitcoin invest in it and keep it in their wallets for long term, only those who don't know it yet or are new to bitcoin panic and sell because some random comment on some random place on the internet said so.
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