A good businessman does not put all his funds into an investment and that apply to all investments, not only bitcoin. I wouldn't advise you to put all your eggs in one basket so as not to suffer loss in the future. My advice for you is to invest a certain percentage of your income and put the rest to savings.
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I do believe that bitcoin has a very bright future ahead. Bitcoin has, over the years, proved itself to be the best of the cryptocurrencies and this really help to retain its value. The many uses of bitcoin paved a way for it to continually grow in value. If bitcoin does continue grow this way, then it certainly does have a future..
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Having a lot of bitcoin is a wonderful thing. It gives one the opportunity to spend and then invest. Personally, if i have a lot of bitcoin, I would spend some, you know it will be stupid of me if I work hard to earn and I do not spend it when I'm in need. But more importantly, I would invest a large percentage of it to earn more bitcoin...
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I believe bitcoin is a good way to invest one's money. But as a good businessman, it's not advisable to invest all your money in bitcoin, you know there is risk in every business, as there may be losses in the future. My advice for you is to invest a certain percentage of your money and save the rest for the future. I believe if you are able to understand how bitcoin works, you would be a successful businessman in 3-4 years.
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Its official, Taiwan is now following the foot step of Japan by Encouraging cryptocurrencies. Saw this on the news; as stated byJason Hsu, a congressman from Taiwan’s "Just because China and South Korea are banning, doesn’t mean that Taiwan should follow suit – there is a huge opportunity for growth in the future. We should emulate Japan, where they treat cryptocurrency as a highly regulated, highly monitored industry like securities." Guys, What's your opinion on this? Will this changes really boost the economy of Taiwan as they have stated? Although, its not compulsory they must follow the same foot step but at the same time I see it happening because when Taiwan is taking the decision to be on board, they would have put into consideration what other countries have done and ICO is one key thing they would want to control and if they can't do that which is obvious, the next is to go the route of others.
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Trading, since the beginning of time, has its own risk. Only an experienced trader can trade with minimal risk and there can only be experienced trader when they are consistent in trading. Being consistent means being able to get profit and to handle the losses.
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My line of thought will be tilted towards the trading of alt coins. That will come with its disadvantage because of the risk involved but if its done right, its very much better than holding. I have seen coins change as high as 100% or more in 24 hrs which happen in the case of bitcoin. Doing it right and buying the right coins can make that happen.
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Although, I was hopeful that the price would continue to experience the upward trend but I was not too optimistic so when I saw that price had gone back to $3500+, I was not too perturbed but sincerely, I didn't see that coming but currently its gaining some points from yesterday. It better we expect something like this since the coast is not fully clear yet and no serious pish for price to reach a high level at this time.
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I am still learning though but in my short stint, I have lost and have won as well but that does not mean I would give up on trading. The coins are trade are fairly known ones and not available on all sites due to me being careful and wanting to minimise my losses but soon and very soon will join the big league after I have finish my learning process which I am sure the story will change from managing to making money.
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Local bitcoin is now an hub for people looking for ways to scam others of their resources and its not even encouraged for newbie to patronise there because the chances of one being scammed is higher than not being scammed. I would rather patronise individual sites to exchange to fiat than to give myself the headache of going through their entire process and at the end still fll in the hands of scammers.
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The only strategy for a beginner is not short of learning learning and continued learning. And after that, a demo account is what is next to understand and feel how the real one will be hibtc.com will help in that. After the phase has been completed, what next is to delve into the show by doing relevant analysis and be ready to take decisions objectively whether the price will further increase of further go down.
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In 2013, I wished I was an early bird who bought BTC in 2009. In 2017, nevermind. Thank God I bought 4 years ago Actually, same in 2020 Even if I had known about bitcoin in 2013, I am not sure I would have even adopt it because I don't think there is a means to do that in my own case. In 2013, the cost of internet enabled phone is surely beyond my reach and several other adults at the time and even the ones available don't have the capacity to handle the sophistication of apps these days. I really didn't fell any regret but where I would have is if I then not adopt in 2017 with all the limitations gone.
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Eventually, this is what they wanted regulation and the best way to go about it, is to first tear down the entire market and start rebuilding. If this is what is being spread, the effect wouldn't be as this but its also a lesson to those who panicked that its just a phase that would soon pass eentuakky when things stabilize. I just hope the exchange sotes are allowed to operate in peace.
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He sent me this pic: I cannot but laugh at this and how people in 2020 arrived at that figure without taking into cognisance the basic mathematics surrounding it to make a fundamental error as pointed out by earlier poster and they just cooked up some figures based on imaginations. Whether this will materialize or not, the only thing we can do is to wait.
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I really don't see how this qualifies as news when every site you will be referred to get news about bitcoin will quote it for you whether you even wanted to see it or not. And Google itself will even show it for you as one of the first line items you will see on any search of bitcoin. So, they made it that way and there is no need to still make noise about it.
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There is nothing wrong in dumping but the issues you raised as much as I agree with them, the last paragraph shows you are jumping the boat when its stormy but ready to jump back in when the price hit rock bottom in other to make another massive profit. There is really nothing bad in being a profit motive individual but I am sure you will also dump you new bride BCH the moment the boat is being rocked as well.
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Currently I don't have much saved since I active not too long ago and because most of the ones I have is what I regarded as working capital since I am into trading on the average, could say I have up to .01 saved up on addition yo the ones tied down on exchange sites. But hopefully it will get better by the time everything goes according to plan.
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Just look at what a million dollars can get you. A 76 square meter apartment at the capital.
I'm sorry but that doesn't sound like being rich to me. That sounds like massive inflation has happened and we just haven't adjusted yet.
I have more faith in my worthless crypto-tokens over their worthless monopoly money they can print for themselves and their friends.
Fractional reserve masturbation economics don't reach me anymore.
That same 1million dollars would liberate the entire generation of someone in far away Africa that will not have to fast poverty or its like again. The fiat world has been polarised that what the makers and shapers of the economy have done is consistently what I referred to a cosmetic approach and they do nothing to abate the capitalist whose quest to make more money have rendered the nations legal tender worthless. Those tokens might mean a lot to you, but it can't surely get you what a dollar bill would do.
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