I agree. Without the best bitcoin knowledge you should not invest in bitcoin at this point. Value always fluctuates. I think you have to study the market carefully before investing to avoid damage.
- Even at any time, without knowledge, absolutely should not invest because it is too stupid and waste money, we will not know the opponent or the traps we are facing and of course, when we are passive, failure is one thing sooner or later. So, although bitcoin is probably a simple investment when we just buy and wait but if we do not know about it, we will not have faith in it, our psychology will be unstable and the market will lead us into the trap, investment is required knowledge, strategy and calculation, unlike the shopping, want to buy is to buy |
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if to keep or you intend to inherit in the form of btc intact I think you should consider carefully in terms of possible risks to catch the long term it will be bigger, we also have to consider that the age of our child is mature may be right to pass on btc at once we are gradually can start to teach btc business to our children but if our child is still small I think it is not right we do not know the future development btc whether it can balance the development of the times and technology or not, but if btc future become a legal transaction tool and recognized the world and there is a legal umbrella that can guarantee its safety I think we can pass on btc to our children and grandchild as a promising asset
based on the current stats of btc in the economy i think bitcoin is now 89% legal and as soon as we are getting on the future , some countries will be eventually follow it and revoked their decesions in regards to legalizing bitcoin and other cryprocurrencies. thats why inheriting your children is a good idea and probably they could be usefull as soon as they hit the right age in order to fully understand the use of it. much better if we can now teach our child as early as possibly so that they can exercise their mind at a young age. - I really do not intend to teach my kids about bitcoin in the future because I know the trouble and the problem in bitcoin, know the impact of bitcoin on the career path, and that's not good for kids. Children should have a different life, they should have a job they always dreamed when they were young, it can be a doctor, a technician or a sports athlete, they need to follow what they like, so instead of saving bitcoin for them, I would probably convert the whole bitcoin into cash and build a future for them. |
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People must know about how can effects life with gambling. First of all, gambling is a dangerous kind of playing. It's very difficult to know of the young people who are really needs a guidance or the people who really needs an advice for the very difficult experience on gambling on how they can put their self away from gambling.
Everyone must know that gambling is a dangerous game, at great risk. For someone who has never gambled, if you dare to take a risk then you try to gamble, but if you're a person who does not dare to take risks, full of doubt, then never approach gambling. In the beginning, gambling can be a challenge to try, after which, you continue gambling or not, that's your choice. - Personally, I feel that if anyone has never gambled, they should maintain it because gambling is really a dangerous way to go, curiosity can make us unable to escape, especially with young people, they do not know gambling and want to play it once, and eventually they become addicts. Gambling will never bring good results, that's what many people have proven, although gambling also has some good effects for us but this good effect can also be found in some other games, not necessarily gambling |
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This year the Crypto market will not be able to recover. Probably in 2019 prices of new coins rise again. At present, many countries are introducing laws to regulate Crypto in their countries. I think we will be more difficult to invest, Altcoin prices will continue to decline in the coming time. Buy and hold them for a long time.
- I think you should stop talking about these negative things, it just makes things worse in your life, crypto is only in the adjustment phase, this is something we often see every year, the time that whales are accumulating to help the market grow stronger and they also make more money. The bad news or rumors about bitcoin are just traps, whales are trying to make us panic selling more, and they are very successful in that when the market drops sharply, accumulate enough and at the right time, they will pump back, do not worry |
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So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
It is normal to experience loss, actually I lose big amount of money yesterday! I always thinking positive because I know that I can overcome all of my losses if I will control my emotions for me to create good decisions. - Yes, we need to think more positively, continuing to think about loss will not make sense, what we need to do is to determine the next steps we should go, that may be a wait for a return or cut loss. This is trading, not gambling, loss can also be restored or minimized and this depends on the decision and our analysis but the most important thing before we start doing this is adjusting emotions, because if we are too emotional, we will be able to make the wrong decision and go away in a regret |
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currently, a good time because of the bitcoin has half of the price of the high prices in a couple of months ago. This becomes a great opportunity because if buy bitcoin currently will get a big advantage at the end of years later at least.
There's no good time to buy in bitcoin because no one knows if the price of it will continue decreasing or pump again the next day you bought it. For me you are the one who will decide on what range of the price is the best suit to your decision and if you set at that price range and bitcoin reaches it, that is the right time to buy. Money is not the only thing you need when it comes to bitcoin, you also need knowledge and a lot of luck so that you will surely succeed in this industry. - I do not think so, the best time to buy bitcoin is the time that the pump stops working and the dump is ready, the sign of this is very clear when the price of bitcoin reaches a certain high price then it tends to decrease every day. If you have been involved in bitcoin for a long time, you will realize that moment, it is now, the price of bitcoin at this stage can be said to be very cheap, buying in this stage is the best fit, and exactly as you say, we will be the people who decide the price, as long as we have profit is okay, should not demand the highest profit, that is impossible |
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On strong market drawdowns, you need to keep coins. So now everyone is waiting for growth. It makes sense to sell coins only at the beginning of the fall of the coin price, in order to buy more coins later. Personally, I do so.
The best thing to do when this market is down is to hodl your coin even if it is long term or short term if it needed and provided that you don't still need your coin to be converted into fiat to use in your faily life. At this point is the best time to grab the opportunity to add the coin on your account and make a good profit in it in future. - That is certainly what we should do to deal with the market going down because in this moment, the market is very unstable, trying trading would not be good for us, this market is only suitable for professional traders and whales, we are just prey to them, so do not join, we only easy to face the panic and end is the loss. Holding would be wiser when we know that the price will soon recover in the future, but we should also consider the coin that we are holding, if it does not have the ability to recover, choose the right time and sell it, ending up in a small loss, instead of a big loss |
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altcoin has a chance to fight bitcoin, as altcoin is now becoming increasingly known, so when people start recognizing altcoin, it is not impossible that altcoin can beat bitcoin.
- Of course altcoin has the opportunity but the opportunity is quite small when the bitcoin is really too popular and powerful, although I also see altcoin are becoming stronger every day, but that is not enough to touch the position of Bitcoin. Replacing bitcoin in the near future is probably an impossible thing, however, in the distant future, when altcoin achieve more breakthroughs and grow faster, bitcoin becomes old and no longer attractive to investors, we will see the fall of bitcoin, and the new king will be born |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
I don’t think that it is reasonable to quit your job for Bitcoin. Of course I don’t know the situation in which you are. But on my mind Bitcoin is not on the level of its development to provide steady income. - Bitcoin never shown the stable nature, that is inconsistent with it because the demand for buying and selling is constantly changing, prices are also constantly changing to help investors and traders make money. Want to earn a stable income with it is quite difficult, even impossible, so working with it is only a part-time job, we should not consider it a formal job, this job will have no future, our current and official work is still better when it provides a stability and a future, we tried and built a foundation for the main job for so many years, now abandoning it for bitcoin is not worthy |
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I really don’t think so.. I can say that because I am really very good in maths but has never been good in gambling...even I started to become worse in it.. I think the most important thing in gambling is self control and patience..maths can’t help you
Yes, The calculation will not help us to make money through gambling, i have tried with many calculations to win through gambling but never made any money. Here we need to have a lot of patience and enough luck. - Mathematics only enhances the ability we can win in gambling, but this is for sports betting games, we can use the data in the past and then compile and figure out which team will be able to win higher. With other games, this is almost impossible because the nature of these games does not allow us to make money, advantages of this game are belong to the owners, they have a management team and they have set up calculations to deal with our calculations, we can not get out of their control, want to make money from them is a thought too far-fetched |
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Never look at trading as a game. Because the market will punish you. Trading is a rather hard and complicated job. It is necessary to constantly monitor and analyze the market in order to constantly make informed and correct decisions.
- If we have determined that we are serious and want to make money from this work, surely we would never think it was a game because that thought made us not focus on work, mistakes will make us lose money. However, if we just think this is an experience and we just want to know more about trading, we can consider it a game, that will make us no psychological pressure, easily understand more about trading, although this is dependent on the purpose of each individual but I think with any job, we should also have serious, it would be a good habit for us |
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I think the most people would not, because ther are just a few people who are interested in bitcoin as a payment method. Some years ago when the dark web becomes popular, many people used bitcoins to buy stuff there, but the times when bitcoins used as payment method are over i think. There are other cryptocurrencies who are better and more anonymous to buy stuff on dark web. So the most people who have bitcoins just buy, hold and sell them because of the profit they can make with it.
- We should clearly understand that bitcoin is just investment, if the value of bicoin becomes stable, what we will get is a zero, and I believe that standing in the position of an investor, investing without profit, that investment should be removed from the list. Continuing to use bitcoin is not possible, people will not care it is useful or contributing to the future, with them, no value to take advantage, all will be meaningless, but stability will probably not happen when the hands of whales always Bitcoin market manipulation |
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Yes, bitcoin can help everyone and out of school yout is one of them. Bitcoin provides us a good income, by that, they can learn how to trade and join in signature campaign so that they can also earn more to support their needs in school.
- Although it can bring income for students, but it also makes their learning path facing more trouble because bitcoin provides an opportunity to become rich, it is something that is so appealing to young people, they will gradually go into the bitcoin world and forget about studying at school. And everything in bitcoin is very ambiguous, they can earn money from it or not is also a problem, the number of successful people is probably very little, Bitcoin really should not appear at school, it affects too much thinking about making money and work |
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guess the bitcoin price is very difficult.
Sometimes prices can go up quickly or get down quickly.
all depend on their belief to make a profit.
To sell a house to get a very large capital with bitcoin, I think it's too risky
I agree that selling the house will be a lot risky. We need to think first that investing is not a joke or a small thing, that when you think about selling your house or selling anything that you own, thinking it will cost you 3x better when you sell your properties just to invest. No, I suggest to you that keep your house and don't sell it. Investing it isn't as easy as you think. - Exactly, investment is not a sure job, risk is always around, if we put too much on an investment, success will be a great success but failure will also be a terrible failure enough to make us despair, and there are signs of depression and suicide. So before investing, we need to identify the worst situation and prepare the spirit, if we can not face that loss, the best is that we should invest just enough, not reckless, the house is a great asset, should not be because huge profits that forget the risks and troubles will get after selling the house |
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Day trading is as risky as driving a car without a knowledge of driving, you might get wrecked. So you really have to be careful. Every day has so many surprises. One day the market is on the bloodbath. Another day it slowly recovers then the next day it will dump again. So I stop day-trading to avoid much more losses.
- Yes, day trading is very risky if we do not respond in time to the market, because the market is constantly changing over time, it does not follow a certain rule, any rule can happen, and facing things that are unpredictable often, if we do not have the right knowledge and experience, it will not be a good thing, we will be very easy to lose money. Even for an experienced trader, they also can not be sure of their safety in day trading, the situation is too sudden makes us very passive, so most people prefer and recommend holding, instead of trading days |
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I distinguish the following coins:
1. ETH
2. Ripple
3. ETC
4. IOTA
5. OMG
I consider that these coins are the most stable and they will constantly grow, we will earn 100% on them, and on the other coins high risks.
- I think you should remove the second position and replaced by ltc, BCH, lisk, these are better choices because ripple although it may increase but we will need to wait for a long time when people are holding too much, it can not grow fast until many people cut loss. While ltc or bch are quite high value, so they want to hold a large amount is a very difficult thing, and both also have great potential in this market, particularly BCH owns a mining support team behind, they are too rich to pump bch up high and fast |
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although the money I get from bitcoin is bigger than my formal job, but I do not make bitcoin as my main income, because I do not earn bitcoin income every month, so it would be hard if I make bitcoin as my main income.
I make bitcoin as an extra income, to meet the needs I did not get from my formal job.
- Yeah, income from bitcoin is really too unstable, that make us difficult to maintain a normal life, so we can not consider it as the main income, it will bring us trouble, additional income will be a more appropriate thing. However, anything can also happen, we can turn it into a major source of income if we have the ability to become a professional trader, combined with a reasonable amount of capital, although income may be abnormal but once successful, it is enough for us to sustain life in a few months |
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Unquestionably, bitcoin made it's mark to many people here last year 2017. Some may have doubled their wealth. But now i believe have their doubts about investing due to the ongoing ups and downs in the market. In spite of all this irregularities, bitcoin may yet be still a very good way to invest our money for long term investing.
- Suspicion of some people about Bitcoin in the present time will soon be removed when bitcoin recover and hit a higher value, Bitcoin is still the best place to make money for whales, they will constantly pump it, we should believe it, they are investors, they will not let their investment fail. This was demonstrated very clearly when Bitcoin constantly going through the collapse and recovery in the past but it still exists and the price is still very high, bringing wealth to many people, investing in it will never make us regret |
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Yes, the continuos growth and potential of cryptocurrency in our world trade market creats a big thereat in banks that sooner or later they can be replaced by this electronic coins in our society.
- The crypto world can be very developed but in the end, it's just investment with everyone, the money earned from crypto is also deposited into the bank, it does not have any effect on the bank, so banks do not need to fear crypto. In contrast, banks are very grateful crypto when it has opened a path that has many benefits for banks in the future because the government will rely on crypto to develop into the country's currency, the bank will become the storage place for that, open up a new service to help banks more profitable |
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Bitcoin as a course or any related currency on web.
In my country we have multiple courses in computer especially programing and web developments. My course is also information technology, but i've never heard or learn about online currency as bitcoin. In present, and future studies is there any chances for inserting about it in education. In your country is it available?
It would be better for any country to adopt bitcoin in educating new generations. Instead of playing games and wasting money in surfing xxx sites.
I don't think so that it is a better idea. Nowadays people want to get rich in a fast way so we all know that here in bitcoin we can earn a lot and can gain a lot of profit. So if bitcoin will teach in school maybe the students do not focus on learnings they will focus on how they can earn in bitcoin in a fast way. They cannot experience what is the real essence of studying. Also, bitcoin is not really legalize in each of country so for now it is impossible. - Agreed, society will be unstable when all students do not focus on learning useful knowledge and building the country because they are the foundation for the future, if taught bitcoin for them the future of a country will not develop then collapse. In addition, we know that bitcoin is volatile and the risk is always there, it can collapse at any time, engaging in it will not have a clear future, bringing it to school would not be a good idea, we should let bitcoin choose people then people choose it, should not be forced or spread too much knowledge about it at school |
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