In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree. On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days. No wonder that Steve Wozniak the Apple co-founder m/2018/02/02/apple-co-founder-steve-wozniak-on-selling-bitcoin.html]sold his bitcoin because riding the roller coaster stressed him out.How do you manage any possible stress coming from Bitcoin's volatility? I have one question, why can’t we wait for the recovery of Bitcoin or any other major currency and do things that cause stress (sell at an unprofitable price)? Do you not believe enough that the coin will be above the price mark at which you bought it? Different people, different situations, different choices, different reasons, it's not that we can't wait for the recovery of the market, the reason is that we have needs in life, we have obligations and responsibilities, we invested our money in something and took the risk to earn money, but we can't always be sure if it is going to give us positive outcome or the other way around. If you are in a pinch situation, your son needed the money for his operation to live, will you wait for the market recovery in exchange of your son's life? I don't think so. though there are still other ways if we want to save our cryptocurrency, like borrowing fiat to our families and friends and you'll pay them once the market became bullish. |
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yes of course but the thoughts of some people are different we know btc is the future, yes but for now most people assume btc is only for investment, and looking for short profits through trading, we also know that btc has been adopted in various countries, payment via btc, and there are already several factories, companies, retails that accept btc.
so we can see that progress.
Investment and future, you can't choose one, you'll get that "future" that you guys are saying if you would start to invest in cryptocurrency, I hope that make sense, don't be confuse in the word "investment" and "future" they are supporting each other, you can't have a future if you are not going to invest in something that would give you good returns in a passive or active way in the long run. Investing in bitcoin is one step to make your future, the second one is how you are going to handle the market fluctuations to make profits, last is how you are going to make your profits double or tripled. |
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What we need is regulation, not for the price, but for exchanges, projects, ICOs and such. We lack guidelines for these projects and that leads to scams, thefts, etc. That is the only thing I can think of that we lack. If we're able to do this, then trust from the general public would be gained, next are the investors, and all will follow. If we can't avoid scams, we must somehow do something to prevent or penalize them.
Cryptocurrency don't need regulations or anything selfishly suggested by us, it is the majority that lacks something, and that is discipline, if only we all have proper discipline, no one would take the advantage of being anonymous in cryptocurrency to scam people by what you have mentioned, everything is going to be alright with honesty, and proper disciplinary actions to ourselves (though it is impossible) people nowadays are selfihs and only care for themselves. |
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I don't see bitcoin as a money too,not in terms that I'll be able to buy or pay bills that can be paid thru our own currency. Though, it can be paid thru bitcoin but my aim of collecting more bitcoin when the price drops is what matter to me now since in the future it will gain more value in price, having limited supply and demand from the people to use it as P2P transactions formally.
Bitcoin is not a money like as in fiat, bitcoin is a digital currency which don't have any physical form yet that have value like fiat and pennies. There is no reason to be honest on using bitcoin if you have plenty of fiat, somehow I was just confused on OP post that we don't have to spend bitcoin right now. Saving bitcoins by earning it here in this forum or by investing on it is our choice, though saving it for the best is much better. The arguments that I'm trying to say here is that others spend it because they it, simple and valid enough, there is no need to wait if you need the money spending on to something (especially if it is an urgent matter). |
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If you choose to invest in bitcoin, in my opinion is the right choice and most importantly you have to study it first and understand it well and about bitcoin because digital assets are very volatile and prices can change significantly.
it's about investing and there will definitely be risks, most importantly you make purchases and sales at the right time so you get a profit.
I think, every time we invest there will certainly be a risk. I agree with you we must do the risert and learn before you start investing or trading. We can't just go run with a blindfold on and entrust our lives in luck, that is a very stupid way on making our lives a successful one. Investing in bitcoin is never a mistake and will never be a mistake, we are the only one who could make the mistake and put the blame on bitcoin. The problem we have is that if we buy bitcoin in a higher price and then it goes down after a week, we automatically came up to a conclusion that we made a mistake, well, no it is not. The market unpredictability will make you to commit a mistake, like panic selling, the most never ending scenarios for newbies and for those who lost their faith in their coins that they were holding. |
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As long as internet runs, I guess the financial crisis will still be solve in the light of cryptocurrency. If internet however is not going to be available anymore for some reason, there will be more valuable commodity other than precious metal to consider collecting while crisis is going on. I do hope we are not going back to no internet era though. A lot of us are already dependent to the internet, I can't live without it anymore unless I have sacks of salt stored in my basement.
Internet can not be erased in our technology these days, most of our daily works are dependent on the internet and this is a digital era in which internet plays a big role in the society, even if there is a big war that is coming, internet will remain and it could only be erased if the Government will literally destroyed all of the physical source of the Internet like the Satellites in the space. Without internet is like without Electricity, the whole world would be blackout and everything will be slow and will disorderly misfunctions. |
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Already philippines have regulations for using cryptos?
If its still in the uncertain phase,then using bitcoin for buying properties without regulations may bring some difficulties later.
The said properties was not own by the Government, it is a private properties by rich people, and buying it using Bitcoin and Litecoin is the same as buying it with fiat, it will just bring some difficulties to whoever buys that if the needed legal documents are not legit, the Government might take the property in that case, but this is all good in my jurisdiction since the owners are crpytocurrency enthusiasts. It is a nice move for them because they don't need the money that much (since they are rich) and holding bitcoin 'till its price skyrocket again is no problem for them at all. |
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Nobody knows, and even if someone does — they are keeping quiet about it. The fact is that Satoshi is the only one who can prove his/her/their identity, and he/she/they decided not to do so. Satoshi might be a single person, a group or a team, or even a company or an agency. It is a great topic if you like conspiracy theories, and it gets wilder and wilder as you get deeper into it. In the end, however, it doesn't matter who Satoshi is, and most people actually like a bit of mystery regarding Bitcoin's creator. You've hit the spot, I like the way you think. You're right, finding who is the real Satoshi Nakamoto won't give us anything, he (them) won't even give bitcoins to whoever find him (them) and did you really guys think for even a second that he (them) will let you guys find him (them), I don't think so, he's too smart to create bitcoin and he is beyond smart to secure his identity well hidden so nobody knows where he is. E D I T: Let's wrap it up here. |
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Your perspective on the market is wrong. You shouldn't interpret market price/price action as manipulation or control over an asset price. The charts simply represent the equilibrium between buyers and sellers over a specific period of time. Bots are nothing else than programs that automate trading strategies. There are a lot of different bot types like market-makers, trend following bots, etc. But they don't do anything else then follow the trading rules written in a programming language. It all resumes to this: if there are more buyers in the market then you will see price go up and vice-versa. This is just my 2 cents..
I agree. Bots are merely programmable software that's been created and provided by a certain exchanger which helps their Traders to trade in a convenient way if they are tired and want a break from Trading, even my friend creates his own bot for Trading using Java script, this ain't Iron Man jarvis AI to control and manipulate the market, you could also do it if you are going to study some programming languages that could make bots. |
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This is another achievement for bitcoin, though it will not make a huge impact in my opinion since there are only few people who loves to read and use dictionary these days, we always use google nowadays. It would be more effective if big social medias like Facebook, twitter, and youtube will pop an advertisement of bitcoin on everyone's news feed and videos in facebook, every videos in youtube, and tweets in twitter, for free (too good to be true, for now) |
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it is too long time and that makes me so tired, i need money to invest a plan,but there is no money
Do you have any idea?
Ouch! That's what I'm always talking about. First,you should invest what you can afford to lose but good thing I don't feel any regrets to your statement. Actually you made the right decision of hodling. Second, invest only your extra money on crypto or at least diversify your money like putting parts of your savings into business and just keep some of it as well — this is where you fail. We are currently on the bearish market and you are struggling now, that was sad for you  . I don't know when btc meet its ATH once again but don't lose hope and just continue hodling. Wait until thr bitcoin halving, that could be your last resort. Losing hope means there is no choice but to let go especially if one is facing some financial difficulties. One of the common denominators with many Bitcoin investors especially the newbies (I am still a newbie too) is putting all they can and all they have to the table without thinking that it is not good for an investor not to diversify his exposure...this way Bitcoin has become like a big gamble to them. Well, a gamble at the right time can produce big surprises but for many of us this can be a formula to failure. Bitcoin should be viewed in the same way we think about stocks, commodities, derivatives and forex and should not be taken as having some magic wand that can bring us riches beyond our imagination. This is the common problem for those people who put all of their money in investment, buying bitcoin at $18,000 is brave, it seems OP have faith on bitcoin that time where he thought that it could go up beyond $20,000 in the year 2018 after bitcoin's price drop last year (January 2018). There is no need to hold your investment if you badly need it, the only way to get over it is to accept the fact and learn from it. Selling it will kill your courage but it is a new hope rather than to starve to death, there is always new opportunity and chances after failures, we just got to keep trying and never let ourselves down. |
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Finding Satoshi Nakamoto is like exploring the remaining unexplored depth of the ocean, imagine how hard that is. Satoshi will never hid himself or (themselves) if he really wanted go expose himself in the public as the bitcoin continue to rise above the ground, that would be like he's saying "Come on people kill me". We all know how sensitive the bitcoin network is, and maybe he hid himself because there is a way on how to turn Bitcoin network into a centralized one like fiat (what the Government wants)
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*heavy sighs*
This quantum computer will definitely destroy bitcoin, altcoins and even blockchain if the Government will successfully made this in the future (I hope they don't), even if quantum computer are just still theories, it scares me because we're saying goodbye to the foundation we made with bitcoins and other cryptocurrencies. Imagine the government having this, they could easily manipulate and control the entire blockchain or even destroy it.
Disclaimer: Let's withdraw all of our cryptocurrencies into fiat before this happens (let's pray for blockchain)
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Bitcoin is a life changer that creates opportunity amongst all of us (even without a diploma or resume) you don't have to go to places just to find yourself a job that requires 8 hours a day for you to be paid (in a small amount of fiat), a currency which is untouchable (by the Government) you could sleep well at night because you have the assurance that it will not be stolen by anyone, a flexible currency that overpowered fiat when it comes to security, transaction, and value.
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All I can is about bitcoin is that it's thrilling to hold, you would feel mixed emotions every year, you could be happy, depressed, frustrated, sad, but beyond all of that, bitcoin is still the one who manage to remove all of that unwanted emotions that we felt in just one swoop. By imagining how much bitcoin could grow 10-20 years from now, it's exciting and scary at the same time.
I'm holding most of my bitcoins and altcoins since 2017 and sometimes I'm having thoughts if I should sell it now, but my experiences keeps reminding to hold because there is a big fortune ahead.
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Hello I have spare $300 that my friend suggested to use to start cryptotrading, as this is the maximum amount of money affordable to lose. I have a month of free time to trade with btc. Currently I don't have income and I have three ways to set it: cryptotrading, freelancing as programmer, or full-time job. I chose to expirement and try luck with trading and freelancing, if there is no success with any for september, I will choose full-time job. If I can make about $500 per month with all of these methods or some of them, I can forget about job for a while, which is highly preferrable. So my questions are: - Can I learn and do trading for month to make at least some money(around $100-$250), while doing freelance programming? I can arrange 3-5 hours for each activity per day.
- Should I start trading on OTC exchange or regular exchange? I tried bisq to sell btc, but it seems like there you can do it with rather huge amounts of money I can't afford to make offer with. This is because of security deposit of 50% of trade amount. Maximum offer amount I can make is 150$ whereas there are more offers which range $100-$1000. They also seem more profitable for btc buyers due to less interest, than that I chose. After scrolling thorugh bitcointalk, my only options left for OTC are localbitcoins and paxful. And I don't really like any of these because of shitty customer support on both. Moreover LBC nowadays has attitude to KYC everyone, I don't like it because I would keep my personal information than send it to someone
$ 300 is a small capital so you can make a lot of money at trading. because the professional and good traders, they only have 1 day target of 1-2%. and to get $ 500 per month, it will be a very difficult and risky thing. I think you should take a risk with Margin trading, which is a leveraged trading and helps you make as much money as possible in a short amount of time if you correctly predict the trend. If you do not know about it, you can read it here: https://www.binance.vision/economics/what-is-margin-tradingI'm a little bit confused. How the OP will make big profit just investing $300? $300 indeed is not enough capital to start in Trading and earn decent amount of money in just a month, $300 is just good on earning some experience in Trading, after that he could add another $300-$500 to do the work, applying all he have learned in Trading. Since OP is just a beginner, I think he is rushing himself to lose profits by putting a goal amount of money, I could see his face full of disappointments because of expecting too much and too early. |
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Due to the economic status of most African countries, the people of Africa embraces anything that brings profit and employment to them. Cryptocurrency projects that targets Africa always win the market in Africa although some places still have difficulties in accessing quality internet connections.
Building good quality internet connections will never be a problem if their Government is going to participate on technological campaign (even not in cryptocurrency) for the sake of some places in Africa that needs huge amount of Government attention. The poverty in Africa is not a laughing matter anymore, many families are barely even eating 3 times a day, 1 time for them is the luckiest day they could ever have. Cryptocurrency projects that targets poor African people will don't have an effect if the Government itself doesn't care about the country's crucial status. |
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At least when a win big can recover all previous losses and add some profit. It's useless when winning doesn't count how much money has been lost, it's the same as losing.
Counting how many losses you've made and how much money you've lost will just put too much pressure on yourself to win, and that means your mind will be clouded of thoughts and hesitation, you're going to think "what if I still lose this round" a lot of what ifs will flood your entire system which is not okay. In order to win, a clear mind and a heart full decision is needed, luck too (if you have one in gambling) Winning big after so many losses is a sign that you should quit, maybe God allows you to get back your losses to make you realize how dangerous gambling is. |
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For me the price of bitcoin will dump again this month of october and that will be your best oppurtunity to buy bitcoin, but you can also buy now and just hold it and wait until the perpect time will come, i still believe that before this year will end the price of btc can increased very high.
There are too many speculations about bitcoin, I'm not against your statement but I'm predicting that bitcoin pump will pump on this month or next month, The market is showing bullish signs and more and more member here is stating that this year will be a bullish month even me I'm believing on this speculation. Bullish or not, the point is bitcoin will always be a good investment, though buying in bearish market will give you huge profits in the long run but think of it, if you buy in a bullish market and bitcoins price skyrocket 2 times of its price, that bullish market you bought your bitcoin could also be consider as bearish market, in short, it is never too late to invest in bitcoin. |
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My perception on bitcoin will never change, they maybe an early adapter of bitcoin that made them millionaires in 10 years, but adapting or investing in bitcoin now will never change the fact that all of us have still chances of making ourselves millionaires, we have to wait 10 year maybe if we started this year and find out if we could be millionaires like them, the key here is to try and take the risk.
You will never be a millionaire if you're just going to ask if you could also do that, if you will also be a millionaire like them in your entire life, make a change, change your future by setting up aside your fears and face them.
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