Skubydu (OP)
Newbie
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Merit: 0
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October 27, 2017, 02:28:24 PM |
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Give me some tips on how not to lose everything at the start
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flora_digitalis
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October 27, 2017, 02:33:07 PM |
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I won't give you reasons why you should invest in Bitcoin. That's your own decision.
If you decide to buy Bitcoin for investment transfer it to a safe paper wallet and hodl it. I would stay away from trading activities (and altcoins in particular), because more than 90% of traders will loose in the end.
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arbitrage
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October 27, 2017, 02:36:52 PM |
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You are already here and somebody told you about this opportunity, so what do you need more. Check the rest of the forum and you will find thousands of pages, questions is maybe in different form but it was asked countless times. Do not invest all and you won't lose all.
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leonix007
Sr. Member
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Activity: 1008
Merit: 297
Grow with community
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October 27, 2017, 03:01:35 PM |
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My 10 reasons:
1. You coudn't resist the price 2. new disruption approach( Blockchain) 3. usable 4. transaction posted publicly 5. Anonymity 6. secured, encryption 7. fund transfer low fees 8. Coins generated has limit (High Demand) 9. Decentralized nodes 10. make profits
Of course it is still you who will decide.
Risk? its up also with you how to minimize it, or possibly mitigate it.
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Sendibere
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October 27, 2017, 03:16:05 PM |
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I do not even need to explain why you should invest in bitcoins. Your decision and, of course, knowledge about bitcoins will tell you a ten-fold reason to invest in bitcoins. But since I've seen that you're a beginner about it, this is what I can give you. Bitcoins started at $ 0.15 in 2007 if I was not mistaken. And in the current year it has bore nearly $ 5,500
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Kprawn
Legendary
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Activity: 1904
Merit: 1074
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October 27, 2017, 03:38:06 PM |
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Tip #1 - Do not invest more than what you can afford to lose. {Do not make debt to buy bitcoins} Tip #2 - Buy low and sell high {Rinse and repeat several times, until you made back your initial capital invested} Tip #3 - Do not invest in Get rich Quick schemes. {When it looks too good to be true, it probably is} Tip #4 - Do not Panic at every small drop in the price. {Hoard Hoard Hoard as long as you can.} Ok, now go out and apply these tips... you will be successful if you follow them closely.
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Terry05
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October 27, 2017, 03:40:50 PM Last edit: October 27, 2017, 03:52:29 PM by Terry05 |
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Give me some tips on how not to lose everything at the start
below are the 10 reasons to invest in bitcoin based on my own view. 1. cashless transaction 2. profitable investment 3. protect your identity/respect your privacy 4. easy trading 5. continuous growing of market 6. It is decentralized 7. less tax on your purchase 8. Fast way to achieve your 1st million 9. safe and secure 10. long term growth potential Take note that risk is always present when we are investing, so its up for us to to deal with these. educate your self in bitcoin market /trading by doing research and a lot of reading before investing. always remember that invest or spend only the money that you can afford to lose.
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nesterpu
Jr. Member
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Activity: 59
Merit: 10
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October 27, 2017, 04:10:41 PM |
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You can find answers on google. There are many sites that analyze bitcoin very well. You can read them
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yojodojo21
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October 27, 2017, 04:25:49 PM |
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Give me some tips on how not to lose everything at the start
There are so many reasons Here in this Forum, I will not give you Reasons, I will Only Give you Advice. Many have Doubted Bitcoin in the First Place When Bitcoin Was Introduced in the Internet Some of Them Really take Action and Eventually they are now the so called the millionaires. Do Some Researching because if you will just Only believe on the answers of your question without Trying to experience in investing in bitcoin then it will be waste of time and Money, if you Will be able to experience then you will also be able to evaluate yourself. Just Keep on trying So You Will not be dismayed after years and will not make reasons why you did not start Investing.
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Prince8
Member
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Activity: 102
Merit: 10
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October 27, 2017, 04:39:37 PM |
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if you had to create a thread to ask that.. dont buy !
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arbitrage
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October 28, 2017, 09:31:48 AM |
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My 10 reasons:
1. You coudn't resist the price 2. new disruption approach( Blockchain) 3. usable 4. transaction posted publicly 5. Anonymity 6. secured, encryption 7. fund transfer low fees 8. Coins generated has limit (High Demand) 9. Decentralized nodes 10. make profits
Of course it is still you who will decide.
Risk? its up also with you how to minimize it, or possibly mitigate it.
Those bolded are simple not correct, and can be used as marketing for other coins. Yesterday one exchange took me more than 10$ for transferring 130$ worth BTC. ZCash for example has almost all features as Bitcoin + anonymity using zkSNARKs technology. Price per unit now is 6x bigger than it was at the beginning of the year. Investors could be confused with this extraordinary demand and amazing price rise.
Why then BTC? Because it is most popular as first of its kind. Because big capital flows in it while we are speaking. Because it is already mainstream!
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Svelto
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October 28, 2017, 11:29:58 AM |
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Do you need 10 reasons to invest in Bitcoin? Just one reason is enough, Bitcoin is extremely disruptive.
Are you able to find another investment which grow as much as Bitcoin?
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alexzorgo
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October 28, 2017, 03:00:15 PM |
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1. The bitcoin is based on the free will of people who made the choice in a favor bitcoin 2. The right of creation and issue is concentrated in hands of ordinary people 3. Bitcoin - the financial system based on the right of possession of an asset, but not on debt obligations 4. If everything goes according to the plan, then there will be the most scale distribution of the material benefits in the history of mankind 5. Huge advantage of bitcoin in the digital world - impossibility to duplicate or copy transaction 6. The bitcoin promotes elimination of financial discrimination 7. The bitcoin is money de facto, but not de jure 8. Bitcoin and a blockchain - one of the most revolutionary inventions for the last century in the field of economy which transform the concept "monetary asset" to other plane 9. The bitcoin has all opportunities for creation of the really free market. 10. And last, the bitcoin isn't studied completely and isn't used for all 100 percent therefore its cost will only continue to grow
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DARKANGEL6415
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December 03, 2017, 09:41:26 PM |
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You should really not need a reason from some strangers on the internet telling you why to buy bitcoin. If that is the case you might as well sit in a yahoo " how to make money " in penny stocks chat room. The reality everyone is different for example if you in Venezuela bitcoin is a good way to fight hyper inflation. In North Korea it can be used as a way for people to store value from a oppressive dictatorship. In the USA can be used as a way to dream of financial independence or as a way to send money for lower costs.
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Vimdesk
Member
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Activity: 93
Merit: 10
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December 03, 2017, 09:45:15 PM |
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Just buy Bitcoin nad sell at 2020 it will make you rich dont waste youre time to invest hyip or Ponzi
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Just Bitcoin Not other
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Wexnident
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December 03, 2017, 09:55:50 PM |
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Give me some tips on how not to lose everything at the start
These are my reasons 1. Has a larger market value among other cryptos 2. Being more in demand 3. High rate of increase on its market value 4. Profitable 5. I can't give more. Invest to Bitcoin if you are aiming for huge profit. You may read articles about how fast and big is its leap on its market value within jist a year particularly on this year. The increase is what gives its users especially investors huge profit since as the value is increasing the profit is getting bigger. And that's enough in my opinion to call Bitcoin a good investment.
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Alns
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December 03, 2017, 10:00:34 PM |
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Probably the only reason of why a lot of people are investing in bitcoin right now, and that is disgusting. I am still seeing dozens of new investors saying that they only feel attracted to it because the price is *rising* 10. make profits
Not anonymous anymore, the IRS and the US are trying to do as much as they can in order to ask for ID to everybody who owns bitcoin, AKKA KYC/AML. 5. Anonymity
Maybe you are right, but if a newbie wants to send $10 worth of bitcoin to someone, if he does not use a segwit chain, he will have to be paying more than $4 worth of fees (about 40% of the TX) 7. fund transfer low fees
Descentralized only at a limited point, every government, specially the US and China are trying to centralize it by stupid methods, like shutting down exchanges, creating *centralized coins* (like russia/cryptorruble) 9. Decentralized nodes
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Saifher
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December 03, 2017, 10:04:59 PM |
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I'll leave you with one: It is a deflationary currency, which means its value is expected to grow in the future when the supply becomes more and more scarce while demand goes up. This alone makes it a good investment choice, worth at least a small percentage of allocation in your investment portfolio. Hope it helped
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BitCoinKeeper
Member
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Activity: 89
Merit: 10
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December 03, 2017, 10:08:06 PM |
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Give me some tips on how not to lose everything at the start
You seem to be of the mindset that we as investors on Bitcoin should tell you what why we bought into this opportunity, and with that said each of us came aboard for our own personal reasons. Why don’t you bring something new to the table and explain what you bring.
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Dontme
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December 03, 2017, 10:12:08 PM |
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You know what? I don't have 10 reason to give unto you but I have one reason that are so effective ehy you need to invest in bitcoin. The main reason is because bitcoin is the next currency intire the universe.
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