CraigWrightBTC
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September 01, 2017, 05:13:44 AM |
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Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically.
OP here Thanks. I will keep this in mind when I do my next buy. One more from me, to invest in bitcoins for long term, you can make investment in bitcoins weekly, monthly from your income. This strategy will help you to increase your bitcoins, i adopt concept of saving in strategy investing in bitcoins, we can do it continuous every day, weeks or monthly although just a little amount of bitcoins, It will work if you are dicipline the bitcoins will be more rise in the future. Good luck
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rollsroyce (OP)
Newbie
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Merit: 0
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September 01, 2017, 05:16:40 AM |
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Though you are very lucky to make it in your last investment according to your testimony and I am very happy for you for making so much at list double your investment. Since you said you are new I think you should study very well to know when to buy and time to sell. [/quote] OP here. Thanks for your advice. I am an experienced trader and investor. I am waiting for the Bitcoin price to drop before I get back in. Maybe around the $2500 area. Any market that goes parabolic eventually collapses back to much lower levels. Is there a way to short this market through a reliable broker?
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Bagaji
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September 01, 2017, 07:19:06 AM |
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Since you indent to invest such huge amount I will recommend you safe them in offline wallet like Trezor and others to avoid been hacked online by hackers. Buying bitcoin from coinsbase will be good and safe including Local bitcoin.
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pragna
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September 01, 2017, 07:39:03 AM |
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Hi Guy, In online many men can suggest you in many ways but i suggest you that you should learn more and more from online, what is the right way to invest safely Bitcoin. Own suggestion is the best suggestion. Thanks.
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putrisa
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September 01, 2017, 07:47:08 AM |
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You can try poloniex, because I think poloniex is your answer and there are some altcoins to supplement your income. There you can store bitcoin, usd and altcoin, I also used to store my assets in poloniex because the security is very good and quite easy to learn.
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Idrisu
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September 01, 2017, 08:05:22 AM |
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Your should get some altcoins and keep them for long time especially the first ten higher market capitalization one. For now many altcoins that are less than $10 such as wave, ripple and lisk will get to $500 one days. So if you really want to make money from cryptocurrency in long term you should invest in altcoins for now instead of bitcoin especially if you objective is to make profit. It will be hard for bitcoin to get to $8000 before the end of the year but wave can conveniently get $10 and that is double in price for both.
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SMSabuj
Sr. Member
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I am a professional Web Designer and Developer
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September 01, 2017, 10:27:44 AM |
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Trading with Bitcoin is always great. ALready you have profited on Bitcoin. If you want to long term trading so you have to hold Bitcoin and some other coins for a long time. Personally, I suggest you for Altcoin or Cryptocurrency trading. It is the platform of make a huge profit. I am also an Altcoin trader.
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Kemarit
Legendary
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Activity: 3192
Merit: 1362
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September 01, 2017, 10:45:34 PM |
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Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically.
OP here Thanks. I will keep this in mind when I do my next buy. One more from me, to invest in bitcoins for long term, you can make investment in bitcoins weekly, monthly from your income. This strategy will help you to increase your bitcoins, i adopt concept of saving in strategy investing in bitcoins, we can do it continuous every day, weeks or monthly although just a little amount of bitcoins, It will work if you are dicipline the bitcoins will be more rise in the future. Good luck This is a very effective way for us casual and ordinary investors on how to gradually put money into bitcoin. I also used this method to buy and accumulate it over the course of months or even years. Because with the current price which is too high for us, it would really make sense to just buy in dips in small portion and just save it for the long term. You would not have noticed, but it will grew overtime. Trading with Bitcoin is always great. ALready you have profited on Bitcoin. If you want to long term trading so you have to hold Bitcoin and some other coins for a long time. Personally, I suggest you for Altcoin or Cryptocurrency trading. It is the platform of make a huge profit. I am also an Altcoin trader.
Altcoin as well is a good hedge against bitcoin. Just careful on what altcoins you gonna invest in the beginning. I'm not saying that all altcoins are scam, but choose wisely so the chances of you losing profit will be less. I can't recommend you what coin to invest to, but used your better judgement. IHMO.
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rollsroyce (OP)
Newbie
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Merit: 0
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September 02, 2017, 01:45:07 AM |
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One more from me, to invest in bitcoins for long term, you can make investment in bitcoins weekly, monthly from your income. This strategy will help you to increase your bitcoins, i adopt concept of saving in strategy investing in bitcoins, we can do it continuous every day, weeks or monthly although just a little amount of bitcoins, It will work if you are dicipline the bitcoins will be more rise in the future. Good luck
OP here. This strategy has the flaw that in a rising market, your average buy price gets higher and higher and more susceptible to any fall in the price.
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Marry Finch
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September 03, 2017, 05:12:09 AM |
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To invest bitcoin it can be bought on one of the famous trade exchanges, such as Coinbase or Bittrex. To do this, you need to choose the time when it will for some time fall in price. With bitcoin in the long run, you will always be the winner.
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babsjoe
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September 03, 2017, 05:23:06 AM |
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Learn how to use paper wallet and keep your paper wallet in a vault.
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noictib
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September 03, 2017, 05:50:17 AM |
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Hello,
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
In any field it will be better to happen anything instead of happening nothing , Here you made bought the bitcoin and also sold at high , so probably it is a sign that you are lucky but what you will say about the people like me who lost the money suddenly in the bitcoin when get started and the price get down and due to fear i sold them . Here it is more better option for you to do trading for long and short term . First of all you need to make small small trade with different different coins and finally when you get experienced that you made much experience that a particular coin can fluctuate at which range then surely you will be able to make trade with bulk amount of money . But here my suggestion for you thst don't get into panic anytime because dump and pumping in the price of thr cryptocurrency is a usual thing and we should make profit with them instead to get feard .
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rollsroyce (OP)
Newbie
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September 03, 2017, 06:19:23 AM |
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Here you made bought the bitcoin and also sold at high , so probably it is a sign that you are lucky but what you will say about the people like me who lost the money suddenly in the bitcoin when get started and the price get down and due to fear i sold them .
I may have been lucky. But I would NEVER have got into the position of having to sell because of fear.
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wantjokull
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September 03, 2017, 09:15:25 AM |
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Your method of buying and selling bitcoin is actually very good but what you missed is the compounding investment. The compound amount is that one which you get from the net profits. You should always reinvest this amount into bitcoin which gives you opportunity to earn pure profits later on. Considering the long term investment you should use wallets with private keys. These keys are the one which you own yourself and not the wallet service provider. This is important because owning private keys gives you complete control of the wallet. This minimise risk of getting your wallet wrecked by the third party. So better go for that one and don't use wallets with exchanger services as they are worst in handling your private keys.
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Cosbycoin
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September 03, 2017, 07:32:12 PM |
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One more from me, to invest in bitcoins for long term, you can make investment in bitcoins weekly, monthly from your income. This strategy will help you to increase your bitcoins, i adopt concept of saving in strategy investing in bitcoins, we can do it continuous every day, weeks or monthly although just a little amount of bitcoins, It will work if you are dicipline the bitcoins will be more rise in the future. Good luck
OP here. This strategy has the flaw that in a rising market, your average buy price gets higher and higher and more susceptible to any fall in the price. It is never suggested to invest into bitcoins on weekly or monthly basis because the price keeps changing and in the current scenario where prices are increasing day by day, quite foolish it is to invest into bitcoins on weekly basis. For long term, the best thing is to grab bitcoins when there is dumping phase.
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pungopete468
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September 03, 2017, 07:40:57 PM |
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One more from me, to invest in bitcoins for long term, you can make investment in bitcoins weekly, monthly from your income. This strategy will help you to increase your bitcoins, i adopt concept of saving in strategy investing in bitcoins, we can do it continuous every day, weeks or monthly although just a little amount of bitcoins, It will work if you are dicipline the bitcoins will be more rise in the future. Good luck
OP here. This strategy has the flaw that in a rising market, your average buy price gets higher and higher and more susceptible to any fall in the price. It is never suggested to invest into bitcoins on weekly or monthly basis because the price keeps changing and in the current scenario where prices are increasing day by day, quite foolish it is to invest into bitcoins on weekly basis. For long term, the best thing is to grab bitcoins when there is dumping phase. I think it in other way as for me buying bitcoins regularly in small parts is the best thing to do as I can hold it longer so even if I buy at current price still I can make profits in future and if you buy 1 btc today and if price drops then you will regret for not waiting longer but if you have bought in small parts you still have an chance to buy at lower price.
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Haladay
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September 03, 2017, 07:56:30 PM |
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1. You need to find a place to buy bitcoins. This can be exchanges such as Bittrex, Kraken and Poloniex. Or P2P transactions. 2. Then you need a safe bitcoin wallet, you will store your bitcoins there. 3. You won't share your wallet's private info to others.
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patrickmh
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September 03, 2017, 08:16:34 PM |
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Buy bitcoins from online site depending on your country as I prefer to buy it from localbitcoins and I prefer to save it in my electrum wallet without spending or investing it anywhere as the price of bitcoins is growing so we can make good profits in future simply by keeping them safe in our wallet.
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Zenithar
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September 03, 2017, 11:27:25 PM Last edit: September 05, 2017, 05:42:22 AM by Zenithar |
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Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically.
OP here Thanks. I will keep this in mind when I do my next buy. One more from me, to invest in bitcoins for long term, you can make investment in bitcoins weekly, monthly from your income. This strategy will help you to increase your bitcoins, i adopt concept of saving in strategy investing in bitcoins, we can do it continuous every day, weeks or monthly although just a little amount of bitcoins, It will work if you are dicipline the bitcoins will be more rise in the future. Good luck yes long term investment is always better as compare to short term investment, because in short term investment there are always chances of losing money. while in long term investment you do not have to worry about the minor increase and decrease. in long term investment we do not come in panic as we have to wait for a long time.
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rainingbitcoins
Sr. Member
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Merit: 252
SmartFi - EARN, LEND & TRADE
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September 03, 2017, 11:43:49 PM |
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Any online wallet like coinbase is not a safe wallet for your information because it is prone for cyber attacks and it is better and safer to have a paper wallet rather than relying on that online wallet that will lead for possible regret in the future because most of the hackers targeted those online wallet which they can hack and get some money while paper wallet on the other hand is safer because it is an offline wallet and you are holding it physically.
OP here Thanks. I will keep this in mind when I do my next buy. One more from me, to invest in bitcoins for long term, you can make investment in bitcoins weekly, monthly from your income. This strategy will help you to increase your bitcoins, i adopt concept of saving in strategy investing in bitcoins, we can do it continuous every day, weeks or monthly although just a little amount of bitcoins, It will work if you are dicipline the bitcoins will be more rise in the future. Good luck yes long term investment is always better as compare to short term investment, because in short term investment there are always chances of losing money. But if you have invested in good altcoins then you can make good profits in short term as you cannot hold them too longer as it can be risk to loose money in long term so if you are dealing with altcoins and if you have sound knowledge then you can make profits even in short term.
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