What difficulty do you face on trading bitcoin?

[k@suy]

At the moment, I do not face any difficulties when trading bitcoin. The industry has grown too much since I first started.

Is it so? Maybe possible if your country supports cryptos.
But many countries like India and Bangladesh, they consider cryptos as illegal.
Traders from these countries do really face a lot of difficulties.
To convert Bitcoins to Fiat a lot of patience and risks are required.
Traders rely on sites like Localbitcoins to trade their hard earned BTCs.
Nevertheless let's hope for the best and will surely some day all the difficulties will be solved while doing trading.

One of the difficulties that I have experienced in trading is when I am converting my coins into fiat. At first I font know what to do when converting my coins into fiat then one time I am sending my balance into my address then I didn't notice that I put a wrong address imagine that? In just a glance the fruit of my hard work we're gone and what saddens me the most is I am going to use that money for my tuition fee but in just one mistake I've lost all of my money.

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[carriebee]

For me the most difficult parts in trading bitcoin are understanding fees and time needed for transaction to reach reserver. So many factors that impact on speed and price makes it difficult to arbitrage bitcoin.
I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars. 

This is the difficulty we encounter when trading bitcoin is the fees and doing some arbitrage trading. About arbitrage trading is really risks thing to do since price is not predictable. When price is increase the fees does increase also. So we should also consider the fees when doing trading and think of the profit if you can still earn.

[gabriexar]

In my country, people have not yet implemented cryptocurrencies, very few people know about this topic. But this has not been an impediment to having learned to use a cryptocurrency platform (MintMe). This platform allows you to make donations, and if you want and have a entrepreneurship, you can do it and monetize it. Several friends of mine have cheered up and have already started using it too.

[michellee]

For me the most difficult parts in trading bitcoin are understanding fees and time needed for transaction to reach reserver. So many factors that impact on speed and price makes it difficult to arbitrage bitcoin.
I can get used to speed - always use slowest transaction and expect bitcoin to arrive “during a day”. But transaction price is difficult to predict. Today slow transaction cost 10 cents, tomorrow 5 dollars. 

This is the difficulty we encounter when trading bitcoin is the fees and doing some arbitrage trading. About arbitrage trading is really risks thing to do since price is not predictable. When price is increase the fees does increase also. So we should also consider the fees when doing trading and think of the profit if you can still earn.

I won't suggest arbitrage trading with my friends because of the risk they need to pay. The time consuming and the fees to send the bitcoin from one exchange to another exchange will not always get fast confirming, making your heart beat fast and worry about waiting and seeing the transaction if finished. You should not use arbitrage trading to trade bitcoin because I am sure that you can trade with the normal trading that we always did, and I think that will be safer for you.

[MCobian]

You don't need to be confused because many people can still trade even though their country considers Bitcoin illegal.
The most popular way that people living in countries where Bitcoin is prohibited is to use a VPN to join exchanges that
do not require KYC procedures, another way is to use P2P platforms and can also use exchangers such as paxful or
bestchange. The solutions I have mentioned are quite safe to use.

[Peanutswar]

I think this is a huge problem even if you want to love to make a trade but the problem is this is illegal it's a huge problem. In my opinion, it's better to use a Virtual Private Network (VPN) to make trades and access to your trading platform even this is illegal just take it carefully to avoid getting caught you.

You don't need to be confused because many people can still trade even though their country considers Bitcoin illegal.
The most popular way that people living in countries where Bitcoin is prohibited is to use a VPN to join exchanges that
do not require KYC procedures, another way is to use P2P platforms and can also use exchangers such as paxful or
bestchange. The solutions I have mentioned are quite safe to use.

I'm using a VPN and some of the trading platforms I'm using right now are allowed me to use the VPN because it's all requires the KYC every time you change a country to access still this is secured to use.

Having a peer to peer transaction is quite risky on them because they need to meet outside and make a transactions we want to avoid getting trouble if this is kind of set up.

[Kong Hey Pakboy]

The difficulty that I face in trading bitcoin is the same as trading with other cryptocurrencies is managing my portfolios properly and preventing not having huge losses. But the main difficulty that I face in trading bitcoin is the high fees because if I trade a higher amount of bitcoin the fees will also get higher, that is why I sometimes experience a difficult time setting up my trade.

[velive08]

money difficulties, and how can set the best bitcoin rate, because the movement of bitcoin today and the next day, even this hour and the next hour is different. so I think maybe we should try to be more patient and try to be smart at analyzing price movements in trading

[Shimmiry]

Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

I never had any problems trading bitcoins or any other cryptocurrencies.
In your case, if you want to trade but it's illegal on your country, then choose those exchanging platforms that does not require you to submit KYC forms. There are decentralized platforms you can join in.
Just be careful on deciding where exchange you'll want to trade.

[Wratheye]

On most exchanges, there are no commissions charged for entering cryptocurrency. But to withdraw earned money, you need to pay.

[Zackgeno96]

I'm using a VPN and some of the trading platforms I'm using right now are allowed me to use the VPN because it's all requires the KYC every time you change a country to access still this is secured to use.

Having a peer to peer transaction is quite risky on them because they need to meet outside and make a transactions we want to avoid getting trouble if this is kind of set up.

In the case if you want to do a peer to peer transaction you can actually use the decentralized exchanges where you won't have to pay huge fees that are always done when we are withdrawing our bitcoins from our wallet and also you won't have to do any KYC also if you are using any decentralized exchange. It is the best suitable method of buying and selling your cryptocurrencies even in those countries where bitcoin isn't legal till now. Previously I also used to buy and sell my bitcoins without any exchange using marketplaces where people used to accept PayPal and even bank transfers too.

[Rafiqul]

BTC is illegal in my country and its transactions are punishable offenses. Even then I don't have much problem selling BTC here, I trade very carefully. There are many reseller groups where the demand for Bitcoin is much higher than any other currency. I have a close relationship with some resellers where there is no problem of trust.

[#dhabitamartha]

bitcoin is allowed in my country so maybe I have no trouble selling bitcoin and taking money from the bank makes it easy for me and makes me more enthusiastic to work in this bitcoin bounty also helps a lot with my finances so this is very encouraging if the country is difficult or illegal bitcoin. I think that country will find it difficult to get and follow other developed countries in the field of money technology so you must always be enthusiastic about the bitcoin campaign and attend many seminars on the importance of cryptocurrency finance that is connected to many parties

[tbterryboy]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

I guess I’m lucky because I have never had such difficulties with bitcoin or any cryptocurrency because they have been legal in my country right from time.
As for your country, I think those who are going to be having more problem are those who are still getting to know about Bitcoin before it was declared as an illegal asset there, because these people wouldn’t know how to go about it, whether it’s selling or buying.

But, I still think there is hope for such people because decentralized exchanges like LocalBitcoin.org and similar exchanges provides a way to trade and stay safe. The only thing you will have to find someone that is not going to take your coins and run.

[LUCKMCFLY]

In the same way, I am from a country that is not illegal Bitcoin, but as they have already said before, P2P exchanges, and an excellent one like Hodlodl, I think it is excellent, you also have the option through a friend who does the exchange and deposit it to your bank account, it is an easy way to have the fiat money.

[Reatim]

money difficulties, and how can set the best bitcoin rate, because the movement of bitcoin today and the next day, even this hour and the next hour is different. so I think maybe we should try to be more patient and try to be smart at analyzing price movements in trading

That's the best tool, having enough patience will keep you to stay from this investment. This volatile movements are really hard to predict
You need to have a good anticipation and observation skills to make things works favoring your position.

In the same way, I am from a country that is not illegal Bitcoin, but as they have already said before, P2P exchanges, and an excellent one like Hodlodl, I think it is excellent, you also have the option through a friend who does the exchange and deposit it to your bank account, it is an easy way to have the fiat money.

That works if you really trust your friends, it will quicken the process and you'll not be risking much.

[Anna138]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

The most secure way to trade is with a VPN. By changing this address, you are changing the country in which you are located and the provider cannot determine your location. Also, I would not spread information among your friends and acquaintances that you are trading bitcoins. If you follow these two simple rules, then there should be no problems.

[Yatsan]

Good thing that we have no legality issues when it comes to Bitcoin usage so the first problem that can be a hindrance for me to trade Bitcoin is already eliminated. When it comes to trading Bitcoin, well of course you do need to have funds which supposedly your own fund and not other people's fund to avoid conflict when time comes that you are failing to gain profits on doing trades. That was the first problem I have faced when I am deciding to trade with Bitcoin on when I must get first funds so I do other crypto related works to gain funds. Next, is on how would I do a successful trade, that was the next problem I have faced knowing the price of Bitcoin is really volatile which makes it a difficult task for me to understand first how trading works. So I did observe, learn to interpret charts and other related stuffs that could help me to understand trading and that is when I already learn and have a good fortune on doing trades

Those things are beyond the past when I am just starting my trading journey. Yes it have gone a long process but it is the best way to do it. Learn first before engaging to avoid doing fail trades and just keep up on doing successful trades to gain profit.

[Serious475]

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

Me too, my country hasn't yet legalize the crypto currency and that makes me having a hard time when I am cashing out my coins but I have a lot of friends who is also doing it and they are always advising me what to do so that I don't get caught and my job in crypto currency won't taken away from. The most common thing they are always saying to me is to use VPN so that we can fake the place where we are making transaction and it will also make the country doesn't found out about us.

[erikoy]

Well bitcoin trading is difficult if it is all about day trade. No one can expect earnings on it because day trade for me.is not really that profitable because of unpredictable market value of bitcoin. However, short term trading will do. You ca sell bitcoin whenever there is a slight increase in the market price of bitcoin and when it suddenly drop then buying again would do great. But if it going to go.high then the pressure will be on decidong whether to buy bitcoin again or not.