I invested to bitcoin last few years ago and Im very sad brcause I already see the price growing and growing. I hope those day I invested more money to bitcoin and If I hold it for few years I make a lot of money for sure.
A lot of people become millionaire because they bought thousands of bitcoin and their hold bitcoin and sell it to make more profit. But no one knows what happen today.
It is going to be impossible to always guess what the market is going to do if we where able to do something like that then we will be rich already, so it is more a matter of believing in the technology those that truly believed in bitcoin invested all they could and now they're reaping the profits if I had the same beliefs i will not be rich or anything close to it but I will have a lot more profits than the ones that I have right now. |
|
|
|
I agree. There are a lot of ICO's coming out and it feels like the x100 thing for coins will not happen. If it did happen, the hardest thing is to spot on who's ICO you will invest. It takes a lot of research, reading whitepapers can be exhausting if you know what I mean. Still traders to continue to do this and hoping to hit the jackpot one day. One thing is for sure, coin prices will start to increase after months of holding it. But the x100 is impossilbe.
There are always going to be coins that grow up to 100 times but it is not going to be easy to spot them especially since many scammers are creating coins and each time they do it they create more and more convincing projects so it is really difficult to know which project is a scam and which is real with real developers behind it that have a real possibility of growing. |
|
|
|
i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also it’s usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
Much better if you go directly on buying bitcoin's rather than of mining especially if you are still learning in this field. Mining needs more money to buy equipments, if that money used in buying bitcoin's you can have a lot of for sure especially when price is dump. And thinking also that there is a huge competition in mining and it is now getting hard to mine blocks at this time, so its not gonna be profitable today. Yeah you can make money with mining but that is probably one of the most difficult ways to try to make money in this industry, it can be done but it's not for beginners you need to be able to get the miners running, get cheap electricity and be able to keep those miners running since every single day that you do not do it you are losing money. |
|
|
|
I came across an article recently. Google is joining Facebook and Twitter to ban all crypto related ads. Why does everyone seem to want to frustrate crytocurrency?
Think about it all of those businesses you are talking about depend on centralization for their business model, bitcoin and cryptocurrencies are about the opposite while bitcoin is not a direct competitor I will not be surprised if there is already a coin in development set to become Google rival that doesn't spy you every single day, so their businesses model will become obsolete if the blockchain takes off. |
|
|
|
Im starting to trade and i want your opinion:
Do you think that if i buy "x" amount of BTC for any price below $10,000 USD will get me a profit on a long term (>1 year)?
I know is unpredictable but i want to know what you guys think.
Thanks in advance.
I hope you did it op you could have double your money in less than a month and if you timed everything perfectly you could have bought again at less than 6k so if everything went perfectly you could have multiplied your money at something close to 4x which is impressive since we are only talking about 3 months and that includes only buying and selling bitcoin. I think we can really gain on buying and selling . If we did everything in the right time, so then if we buy bitcoin bellow 10,000 USD then we must hold and sell if the price reach more than 10,000 USD, that was really a simple kind of strategy yet profitable enough to sustained or gain a huge profit. I really think this is why trading is one of the preferred ways of making money on the forum, you can multiply your money so many times over a short period of time if you have the skills that many people are seduced by it and want to try it out despite the fact they do not have the skills in order to pull this off and this is why we see many stories of people lamenting themselves because they lost their money. |
|
|
|
Never sale in loss & this is the best time buy altcoin. But invest only in top 25 coin. Chip altcoin can destroy your fund . Better to avoid this.
Never selling for a loss if you can avoid it should be what every investors should be thinking and needs to be committed to that idea, but this is impossible if they keep investing in coins which most of the people here in the forum think are scams, this is why people have a tendency to sell their coins too early, if they are losing money they sell and even if a coin is earning money they sell because they are not sure the coin is going to be around for a long time. |
|
|
|
Since I have been trading, every correction has been followed by new all time highs for most cryptocurrencies. If this trend continues, many of us trading today will become wealthy. On the other hand, given the growing trend of new government regulations, this may be the beginning of a long winter. Where do you think we're headed in 2018?
No.We shouldn't see government regulations as a negative factor.Instead we should welcome it and it would help more people come towards crypto currencies.For instance,SEC of US has ruled in favour of allowing crypto currencies and we could see its positive effect over crypto coins.Now there seems to be a beginning of bullish trend as bitcoin price has crossed 11,000 dollars.Now with higher transaction fee issue getting almost solved due to segwit,we could now expect even big players like Amazon accepting bitcoin payments which would increase its demand more and hence its price. Regulation is a positive sign but not because of what you think, the fact that governments are choosing regulation over forbidding cryptocurrencies means they understand very clearly they have no chance to forbid cryptocurrencies and make people forfeit their coins, they understand that, they know it, they are doing the best they can to regulate cryptocurrencies so they get money out of it. |
|
|
|
Sometimes, when bitcoin is dumping it always across my mind that someday bitcoin will crashed and there will be a time for an end. But since my faith in cryptocurrency is higher than my fear, so i will just simply ignore those things. I want to stay positive at all times.
The thought of bitcoin crashing definitely has never crossed my mind, bitcoin is going to always have some value even if it crashed and never recover it, I do not think we're ever going to see the value of bitcoin being zero because people will trade bitcoins as a collectible after all it is the first crypto currency available and there is a limited supply so even if it crashed there will still be some kind of market for it. |
|
|
|
I confess I am tempted to not HODL and sell and buy back often......
however, the problem is this.
You sell at $30 back in 2013, having bought in at say $15, pretty nice right....
but say you the see the market go to the $212 and wait for it to return to $30 ish....or even $45, and it never does, get to say $70 (this is sorta close to what it did in 2013).....
Then you never buy back in until its back in the hundreds, of even $170 after the $1K high, you have just lost out much more in absolute buying power as well as % profit than you have ever made on you 100% return 15 to 30.
To illustrate, If sell at 15k, then it goes to 100K in a year or two and have been waiting to drop back to say 5K or some such.
The upside risk seems to outway any trading you can do in the interim.
This is compounded by the novel aspect of BTC, so usual rule even if they did work, really don't work here.
So then how to successfully trade? I can not see a way, you are forced to HODL and draw down from a level where you don't mind not haveing to buy back in.
So if you wan't say 100K, then you can draw down on any amount at or above that level, and be ok.
this seems to be consistent with the s curve adoption and price theory of the BTC tech ( and other tech curves)
This is a problem not only of bitcoin but of any other tradable asset, trying to predict the market is a skill that very few have and many have tried to get those skills and most fail and this is one of the reasons of why holding your coins is really popular, it is simple, it is easy and it works, a person holding for the long term can get greater benefits than a trader of mediocre skills. |
|
|
|
So yeah i'm just wondering whether can you make serious money with trading or is it more than not just gambling?
Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?
Not in a bull market anymore so i'm looking at trading as a way to make money, but not sure whether it actually works. Note i'm not complete newbie, but i was never really trading.
There are some pro traders making a lot of money so they do not really need to sell signals or anything else most likely they have inside information about what some big players are going to do or maybe they are big players themselves and they can make substantial income that way, some other traders are making good money and most traders a probably losing money. |
|
|
|
After many practice I found that mid term and long term trading are the best for me. You don't make profits everyday but after a lot of waiting some coins brought a lot of profit to me. Day trading is hard, I was losing a lpr of money, my timing was wrong in 80% of my trades and more. With mid and long term trading you choose when to sell and how much profit will satisfy you. Until now may waiting paid out a lot, some of the coins I hold for months before I saw profit, and even then I choose to sell or to hold more, couple times I made good decisions, couple times I sold to early, but its working for me I'm satisfied with my profits and that is the most important thing of all.
Day trading can be the most profitable way of trading as you may guess that also makes it the most difficult one I do not know why people keep insisting in doing day trading when they have not mastered other forms of trading, it's easier to buy a coin and then wait a few months to obtain profits it is true you are not going to get profits every day but if you choose the right coin it is not rare to get 100% return in your investments. |
|
|
|
I am an unemployed person, coincidentally I also really like trading, so i can do it anytime, Usually I become lazy trading after suffering huge losses, big losses make my spirit fade..  This is such a sad story, but at the same time it was to be expected it is very difficult to trade with money you know you need this is why one of the most common advices is in the forum is to only trade with money that you can afford to lose if you cannot afford to lose that money then you are going to be very afraid to trade it can being afraid is a terrible state of mind to when trading. |
|
|
|
over the past two days, BTC prices has dipped as low as $9k. the BTC prices has since bounced back to a touching high of $ 10.4k, cold this be an indication that BTC is on the recovery track?
This is happening once again now however I still can't see any signs of a healthy recovery coming in. Rather some people are still of the opinion that BTC will continue to fall once again and there is still some time before the correction or the secondary market trend ends and the BTC moves again to the primary market trend. So instead of hoping for a recovery its better if we try to make profit in this bear market. Just be very careful trying to make profits when the market is moving like this is going to be really difficult not many will be able to do it, only those that have great skill at trading should attempt it, everyone else without that knowledge should just hold his coins and if possible buy more bitcoin at the current prices, if people followed that simple formula they will avoid losing money but I'm pretty sure that we are going to see many threads of people that will make a mistake and will lose a fortune as a result. |
|
|
|
the last few weeks the market looks sluggish, hopefully as a sign of preparation for the highest peak, and have an impact on altcoin rise..  The market is probably going to remain this way for some more weeks or months, I'm bullish for bitcoin in the long term since it will be almost impossible for the price to go down over the long term but in the short term I do not see many signals the price is going to recover that fast after all I do not see many positive news or developments that could push the price up. I don't feel like the market needs much positive news right now and in fact I think just the fact that bitcoin is still being mentioned in many high level discussions is a positive sign. Each time that bitcoin has a crash and recovers it will look better as an investment in peoples eyes as they'll trust more in the fact that it's not just a bubble. I believe that if we have no negative news for a few months we will recover towards 20k without any real good news. 'No news is good news' I do not see any kind of big recovery and this has been mostly because we have seen a significant amount of bad news that have affected the price negatively so while bitcoin is very strong at the same time it needs the support of the public not necessarily the media which is against it because as we know they are paid by the government to spread lies about it but it needs to support of the people of all of us and that support comes with good news. |
|
|
|
if in my opinion now our chance to collect as much coin while the price of coin is still cheap.
even my family who have successfully joined in bitcoin give me the capital for me to invest and collect as much coin.
The opportunity to get as much bitcoin as you can is always there the relative advantage right now is that the price is not as expensive as it was in December still is a lot more difficult to get bitcoin now than when it had a price of just a few hundred dollars however we all know that bitcoin has the potential to become extremely valuable in the future so we must not let go of the opportunity of getting bitcoin now because later it could be worth hundreds of thousands of dollars. |
|
|
|
Bitcoin chart is going up and down some times I am thinking maybe I should invest part of my BTC (at least the part of the profit I’ve made on crypto) into something real?! Let’s say I can buy share of real estate company and get the part of profit (50-100% per Year). Should I Spend all my BTC on that shares? Spend small (profit) part? Or just do nothing and wait?  ?! I’ll do appreciate for answers with any suggestions and recommendations! You are speaking as if investing in bitcoin is not something real it is real it is just a digital a asset and not a physical one second if that is what you want to do then do it, however do it because you are convinced about it, because bitcoin is probably going to keep growing up in the future and the profits that you talk about are very low compared to what bitcoin can give to you. |
|
|
|
We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?
In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.
If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.
Thank you
I think confusing and unhelpful information is one of the biggest problems, most of the time there is information about a project you may like to research but you need to go through huge amounts of nothing just to get there, many people get discouraged by this since in order to find a good ico you need to do this for many coins and it can exhausting to go trough all the trouble only to come empty handed. |
|
|
|
In my opinion, i think it is normal as a professional trader to buy or sell at any condition. It can be profitable during low price as well as on higher prices, the basic thing is to continue doing business whether gain or loss. Only people who buyto make gain will quickly sale when they see s drop in crypto but i think is better to lean the some basic trading skills to know when to sell or buy.
Well you can trade in any kind of market condition but I think the more difficult the condition of the market the more skilled you need to be after all when the price was going up everyone could be a trader and make money since it was very easy but now the market going down its very easy to lose money for a trader that is not very good so you should probably stay out of it if you don't have the skill. |
|
|
|
I often get asked privately if Bitcoin is worth an investment. My answer is a whopping yes….invest your time.
The price fluctuation of Bitcoin is certainly fascinating, but how cryptocurrencies (and blockchain, more on that soon) will affect you, your job, your business, and humans collectively is far more lucrative.
The financial (and in turn, geopolitical) institutions are about to go through what the media (music, books, TV, newspapers, cinema) industry went through since the rise of social media during the past decade.
Your investment in time learning about blockchain uses will far outweigh the investing of your $ € ¥ £ etc..
This is nothing new, when a new technology emerges no one knows how to use it and then people need to learn new skills to adapt to the new world and those that do it the fastest become the winners in the long run, this happens in everything but one of the industries where this is more obvious is the IT industry if a new programing language appears and you are one of the first to get a certification that gives you a huge advantage over the rest that never learn it and those that take more time to learn it. I dont actually get your point mate. What I got is that, we have to learn about something that is newly offered to the world and soon be winners? I thinks it is off to topic, but well, let's just disregard. anyway, there is no specific amount in investing bitcoin. As long as you can achieve to invest any amount for bitcoin. My post was about the bolded part of the op so it's on topic the op talks about how the time, dedication and effort that you put into learning about this new technology will give you money in the long run, and my post is about how this is very common and I even gave an example of how this happens in a particular industry but there are many examples that we can use, so I think that my post was on topic. |
|
|
|
I think that the trading is much better than holding, because you can loose your funds if the price will crash. But if you'll sell everything on high levels, you'll can buy more and more coins on low levels. Of course, you need to learn and know the current situation in economics and politics to decide when is the best time to sell/buy/re-buy the crypto currency.
This is the illusion a lot people go for, many people think they can obtain great profits with trading and while trading can be more profitable than to hold most people will earn more money by just holding their coins, don't forget that you need to pay capital gains and other taxes, fees and you will also lose money in the process and that is if you're a good trader if you are a bad trader you will lose your money. |
|
|
|
|
Show Posts
