It will take more months or at least a year before my earnings become sufficient for starting a business. You will also need a skill or knowledge on how to run a business before you start on it. But I'm more inclined to trading so I might go for it instead of starting a business. Business will come later if there is already enough money to fund it.

That will remain to be seen if bitcoin can able to reach the $20k again this year. As of this time, bitcoin is still downtrend and there is a possibility going down more before it bounce back in the next several days. Bitcoin needs to break many resistances before reaching its former all-time high level.

The risk is high and it is very volatile to depend your future in bitcoin alone. You should depend your future on a job or business that will provide you stable income in the coming years till you retire. Bitcoin and other cryptocurrencies can provide you a lot of money but it can also transform you into beggar-like state in a matter of minutes if you lose all your trades. What you need is extra income from cryptocurrencies by investing only the money you can afford to lose.

Both ethereum and EOS are solid and profitable coins for long term hold. But as of now, I prefer ethereum over EOS because its price keep going up. Future projects like dapp which will be built be under Ethereum platform will continue to boost its price in the months. EOS price is also predicted to go up in the coming weeks for its own platform development but it's still a long way to go before it catches up with ethereum.

If you are just beginner in trading, it's better to start with minimum amount of fund that you are willing lose for trading practices. When you gained some experiences, you can start with higher amount of fund. Trading is risky, you should prepare for possible while gaining experience.

You're right, and holding a coin is still the effective strategy for gaining profits in long term. Holding coins is very effective during market downtrend when their prices goes down and all you have to do is be patience wait for their price to go up again. Their price could go down further but if these coins you are holding are known to be potential then you don't have to worry because they will recover soon.

The first thing you should learn is to become patient. In trading, if you have no patience then you are a sure loser. Learning how to trade take time and in actual trading, it also take time to win it. Don't also allow your emotion to overcome you to avoid panic selling and other trading mistakes. Losses are part of trading and many of us have already experienced losses but they learned from it.

Some countries are slowly opening up their market for blockchain technology and cryptocurrencies. Big asian countries like China is still off limit to bitcoin but it is reported to be in plans for creating their own cryptocurrency. Whether those remaining countries are just cautious or still hesitant to open their market, they will eventually accept that cryptocurencies are the future of modern currency.

Bitcoin remains highly profitable for both trading and holding. It is increasingly use by many online and offline businesses around the world. Demands continue to rise as more people are expected to buy bitcoin in the second half of this year. This is one of the reason why people are still buying bitcoin because they continue to believe bitcoin's ability to survive price crashes and bounce back later.

I've been holding some of rewards for several weeks now and hoping that someday the price of the coins will go up. In the past, I sold some of my rewards for profit and to buy another potential coins for long term hold. But if the reward coins have a clear potential to grow big in the future then I will it in my long term list of coins.

The risk is higher if you are all in on a coin while in diversification, there are more chance of winning a trade and you can able to recoup your loss on some coins. In diversification, choosing the right coin is also important by researching them to find coins that have the potential for sure profits in the future.

Education is still more important because it deliver us from ignorance. If we want to fully understand what blockchain and cryptocurrency are all about then we should educate ourselves on that two important technologies ever created in the internet. Without education, you can't trade properly and all you can do is buying a coin during the hype and always panic selling. Learning cryptocurrency and trading is like learning basic education, there are also primary, secondary and tertiary levels.

In whatever profession, education is the key to success. Newbies should educate themselves to win in trading and minimize losses like falling into a trap of buying a coin during hype and avoid panic selling. Managing risk should also part of education in trading to lessen or avoid possible risk during trading. Gaining experience will further improve your skills and knowledge.

Bitcoin is mostly down durjng the past few days and it approaching the $7k. Recent negative events might halted the price to go up further. Maybe some positive surprises might happen this summer and the awaited bullrun may finally start before last quarter of this year. The concensus meeting failed to boost the price of the bitcoin unlike last year and the repeating of a history did not happen.

There are a lot of predictions for bitcoin in the online media and those behind the predictions already feel the rise of bitcoin this coming summer. That what they feel about bitcoin but I have yet to see any sign thatbitcoin going up later this month or next. What I saw is a bear sign or bitcoin going sideway further before it climb sometime in the last quarter of this year.

Both government and banks has centralized system for management and they've been using it from the start. Circulation of currencies are also under their control which is spearheaded by central bank. These two institutions might just concerned about the decentralized nature of the cryptocurrencies because they are likely to be used in illegal activities like money laundering. Governments and banks can also make their own cryptocurrency like the Venezuela government which already issued its first virtual coin.

One of the causes of bitcoin boom last year is the consensus but thjs year might not be the same as last year but it can still pump the price. The consensus is considered to be the rallying factor for bitcoin and other cryptocurrencies. In recent years, their prices surges during or after the meeting and many people are expecting history to repeat itself. But there are also factors that may negatively affect the cryptocurrency market like regulatory pressure which can dampen the possible price rally.

The market may eventually be up if the summer bullrun will materialize this coming June. The ongoing Consensus 2018 hosted by Coinbase in New York should also help rise the price of the bitcoin and other cryptocurrencies. FUDs and other negative events against bitcoin are still affecting its price so it may take time to recover.

There is always a dip after an uptrend and this price cycle will continue forever because it is of cryptocurrency system. Crash always seem to happen in almost all the alts when bitcoin suffers a sharp drop in price. But this price drop provide us the opportunity to buy altcoins at lower prices.

Bitcoin has still more rooms to grow and an all time high is still posible within this year or before the ysar end. There are many negative factors that affect bitcoin rise like the continuing criticisms of some well known business personalities and the FUDs that seem to bring down bitcoin. The upcoming concensus for bitcoin may boost the price but it may likely go down again after the meeting.