Shweenys (OP)
Newbie
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Activity: 1
Merit: 0
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October 11, 2017, 12:01:30 AM |
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Hi, I am interested in buying bitcoin and how to diversifyBTC purchases, I was made aware of BTC by videos about the Silk Road and how online purchases could be made without physical currency, but this is not my motive. I want to hop on the money train of e currency and hopefully make some money. Before I start I have some questions I'm wondering about. I was wondering how BTC currency could all of the sudden lose all of it's value and how BTC value increases.
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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Pearls Before Swine
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October 11, 2017, 12:11:32 AM |
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You might as well be asking why stocks or gold goes up and down in value. That's the markets
in action, people placing buy & sell orders. Supply & demand. It's really that simple.
Bitcoin isn't a business, doesn't have earnings, doesn't pay a dividend, so there's no real way
to 'analyze' it to predict whether it's going up or down. Just be aware that if you're planning
to buy some bitcoin right now, it's near its all time high. You could be buying in at the top of
a bubble. People around here don't like to hear such talk, but it's the truth.
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bnlllamo
Newbie
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Activity: 24
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October 11, 2017, 05:11:38 AM |
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Product with no real use case scenario would fail eventually but through the years bitcoin already have market and adaption so as long as institution adapt it as form or payment and users trust and government regulate or adopt it, it will continue. FIAT started the same it started with the trust in every country to accept the currency of other countries. In my opinion since it is widely adopted now it will stay but when users/people lost it trust for bitcoin then that will be the end of it. You can ride the hype in trading and always have fall back options.
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bit-freedom
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October 11, 2017, 10:02:15 AM |
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BTC price is decided by the buyer and seller. The price will increase if the buyers are willing to buy at a higher price and decrease when the sellers sell at a lower price.
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truthstalker
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October 11, 2017, 10:27:20 AM |
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Supply and demand without those bitcoin would become useless and fall. if you have people trading and using bitcoin then bitcoin has a value. the more stores that accept bitcoin the more the price will go up.
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allowance1219
Full Member
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Activity: 134
Merit: 106
The Experience Layer of the Decentralized Internet
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October 11, 2017, 01:55:52 PM |
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The price is decided by the market, maybe controlled by some huge groups.
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MuffinMaster
Sr. Member
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Activity: 1414
Merit: 265
Pepemo.vip
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October 11, 2017, 02:09:41 PM |
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Hi, I am interested in buying bitcoin and how to diversifyBTC purchases, I was made aware of BTC by videos about the Silk Road and how online purchases could be made without physical currency, but this is not my motive. I want to hop on the money train of e currency and hopefully make some money. Before I start I have some questions I'm wondering about. I was wondering how BTC currency could all of the sudden lose all of it's value and how BTC value increases.
It is free market so value depends from supply and demand - nothing more. Other things are similar to fiat currency - politics, news, development announcements, etc.. About diversify of purchases (if i understand correct) - the most easy way is to open and verify accounts on few big and good established exchanges and later move your BTC to your cold (offline) wallet (some external memory - better 3 or more copies of your wallet) List of exchanges: https://bitcoincharts.com/markets/ |
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Williamsss
Jr. Member
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Activity: 58
Merit: 10
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October 11, 2017, 04:30:26 PM |
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in short words
bitcoin is digital currency so that it is like moeny but you can’T touch it .
how you can get it use this site it is best way but take sometime to know rules
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xskl0
Sr. Member
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Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
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October 11, 2017, 10:01:50 PM |
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The euro or the dollar have not limited supply, bitcoin yes
The dollar is designed to lose value Bitcoin is designed to increase in value.
More people buying bitcoins = increase of the price
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negancoin
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October 11, 2017, 10:10:46 PM |
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Bitcoin is digital currency and the price is decided by the market ( buyer and seller ). Don't be afraid there are a huge investment in it, more more more than the money you are going to invest it.
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949miner
Sr. Member
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Activity: 448
Merit: 250
Stake & Vote or Become a IoTeX Delegate!
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October 11, 2017, 10:33:11 PM |
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There are no specifical tips to give you about bitcoin, it works like any other commodity, you can buy it, hold for some time and then sell it when you want, and take profits from it. if you want to trade you will need some budget to start your journey in a exchange, or just buy some and wait until the price rises.
or just buy and spend it, you can do everything with it, bitcoin is cash.
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ms.july
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October 11, 2017, 10:45:39 PM |
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Even by just buying and holding it for some time you can make money with it if you sell it in the future based on the trend bitcoin is going...
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Philip Graham
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November 29, 2017, 10:00:11 PM |
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You know, but it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency. |
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thinkpad99
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November 29, 2017, 10:20:09 PM |
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You know, but it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency. A lot of interesting information is obviously on Youtube, I recommend it warmly, because I started it this way. In addition, there are a lot of beginner materials on relevant issues on the internet. Take a look. |
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Futureblnr
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December 20, 2017, 11:46:25 AM |
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You know, but it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency. True, Im following these guys ..Think that that could be promicing ..for example, they will have two blochains platforms ..time and money ..The first one will keep records of time spent by users on services. The second one will store records of transactions between platform participants. |
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