You guys should stop buying Bitcoin - how am I going to fatten my wallet if the price keeps rocketing up? What are we going to do when the Satoshi achieves parity with the dollar? Bitcoin is like a magnet, it attracts a lot of investors from almost every parts of the world. So the buying will not stop unless the bitcoin losses its attraction. When the bitcoin price dips or experiencing a correction, many investors will see it as an opportunity to buy a cheaper bitcoin, its attraction will grow stronger and may lead to another price surge.
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Many are waiting for the bitcoin price to go down some more so they can buy it at affordable price. As of this time, the bitcoin is nearing the $15k level. And the bitcoin's rocket is still on the ground, waiting to take off but its fuels or funds is still insufficient and need some more boosters or investors to lift it off.
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I want to start trading , should i buy Bitcoin or Etheureum first ?
The bitcoin price is too much now if you have a lot of money better to buy but I think you wait for it to come down first. It's a good ethereum to make your first purchase for a long term and I believe it will be a good value for the future. If your budget for bitcoin is not enough then you must opt for ethereum instead. Ethereum has been hitting its own all-time lately and may head toward more price rise in the coming weeks especially after the holidays. Bitcoin price is still high even it is experiencing a correction and you need more cash to buy it.
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What do you do after you suffer a huge loss? If you have more money would you again take the risk and invest or would you just stop trading and try to earn in some other way?
I'll consider that huge loss as lesson learned and part of a investor's or trader's life especially if it is involved cryptocurrencies which is riskier than stock or forex. Before joining the crypto trading, prepare yourself first, learn to trade well and accept any eventuality but do not give up if you experience a loss. Every loss will make you wiser by learning from it.
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It is said that quantum computer's massive calculating power can be able to break bitcoin security within a decade and there are report that the first quantum computer are currently under development. Some also suggest that the bitcoin protocol should be revised to make the system safer. Whether it is true or not, bitcoin must always be prepared to cope with the future's challenges to beef up its security.
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Hello ppl, what do you think, we will pass the threshold of 30,000?
Not reachable for this yearend 2017, not even possible for next year if the price of the bitcoin continues to be stable and or its price volatility is reduced. The bitcoin price uptrends mightbe different in the coming year but the almost non-stop or skyrocketing price rises of 2017 may not happen again in 2018.
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Before joining a bounty campaign, particularly in the altcoins, research them first by knowing the team behind it and who spearheaded it. Reading their announcement thread is a must because it may provide you enough information about their bounty campaign.
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You may split it up, still I would invest only what I can afford to lose.
I agree with your idea, if there is a substantial money available, you have the option by splitting it up, if your investment losses, you have still some money in the bank. Investing is always accompanied by risk and the possibility of losing is high especially when you are still a beginner. Bank is a safe haven for those who want to save their money for long term.
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According to a US judge in Texas, he ruled that bitcoin is a currency or a form of money. But a well known businessman consider it as an asset or commodity. The businessman reason out that in order to become a real money or currency, bitcoin must have a stable store of value. Whatever it is, the important to me is I can able to use bitcoin in any transactions or convert it to cash to buy anything I want.
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Nepal is one of the several countries that sees bitcoin or any cryptocurrencies as a threat to their national security or financial system and would not allow any virtual currencies that they can't be controlled. Or maybe they having a hard time creating a regulatory framework and opted to ban the bitcoin instead.
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Hold on, the price is still rising and another all-time high is broken. This continued uptrend indicates that it yet the right time to take profit as the price might still go beyond. It might take a week before another correction take place.
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Keep your bitcoins in your wallet while the price is still soaring into new level. Bitcoin will give you more profits during this time of unprecedented growth. If you made enough profits then you can start investing in some stable altcoins like ethereum and ripple.
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Maybe a few of them will invest or already invested in bitcoin but several billionaires are also criticizing bitcoin for a being a bubble, a mirage or a fraud. Now that bitcoin is traded in future exchanges, some of them might eventually change their mind. Bitcoin has already made a billionaires in the persons of Winklevoss twins and in the years to come, there might be another bitcoin billionaires.
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Im just wondering. Bitcoin is so expensive. What if dollar value get low will it affect bitcoin value?
Bitcoin value will not affected by any changes in dollar value but through market's supply and demand. Increase in usage and a wider adoption by many investors will make the bitcoin value to rise. The bitcoin futures trading, a regulated market, will also determine the price of the bitcoin.
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Almost all forecasts for 2018 are positive, more all-time highs with $20k for the year end and others are expecting high returns. Many upcoming bitcoin hardforks might affect the movement of its price but supply and demand is still the big determining factors to make rise or fall. The bullishness of some market analysts and investors may also help in propelling further of bitcoi.
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I bought some bitcoin almost three years ago to invest in some online investments then made some profits. But the bitcoin did not stay long in my virtual wallet, I sold them to some gadgets. I never imagined that bitcoins price could reach 5 digits, as usual regret follows. There are still many ways to earn bitcoins and and it is not too late to begin saving again.
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There are some altcoins that surely give you profit even when you hold it for long term. Litecoin, ripple, ethereum, bitcoincash, neo, dash among them. Before you invest in any altcoins, it better to screen them first like knowing the team behind it to avoid being scammed in the future.
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Ethereum and litecoin are just two of the best altcoins to invest because they are good for long term investment. The recent price uptrend of the two altcoins proved that their future are promising and they have a lot of rooms to grow. This two altcoins will continue to seek a new level in the coming years.
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The first thing you do is familiarized yourself with the cryptocurrencies, know the coins well by researching some of them to get enough informations. You can make money with different cryptocurrencies by buying them and hold on them until you are ready to sell. You can also try accepting payments in crypocurrency and mining your own cryptocurrency coins.
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There might be some sort of mild bitcoin selling because they need money for year end holidays and some price corrections may affect it uptrend. It is already $17k in some exchanges and price may linger between $15k and $17k for a few days before moving up again another dip.
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