What difficulty do you face on trading bitcoin?

[Asuspawer09]

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 think if you really dedicated to trading or investing in bitcoin their are always some ways since its bitcoin cannot really fully banned in one country.

Luckily it's not banned in my country and probably bitcoin has a bad image in my country because it is used in some illegal scam activities, but still, as long as you understand bitcoin you still going to invest in it.

[dimastegar]

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

Not being greedy is the safest way to trade Bitcoin. As for the difficulties faced when trading Bitcoin is anxiety itself. Anxiety when trading for me really affects my mental when making decisions. This anxiety causes me to think negatively such as "Will I have anything to lose?" or "Will I lose assets". that is the difficulty for me personally when trading.

And besides feeling anxious when trading, my ability to manage my portfolio is another problem. Even though I have been trading for years, I still can't make a good portfolio.

[michellee]

I think if you really dedicated to trading or investing in bitcoin their are always some ways since its bitcoin cannot really fully banned in one country.

Luckily it's not banned in my country and probably bitcoin has a bad image in my country because it is used in some illegal scam activities, but still, as long as you understand bitcoin you still going to invest in it.

Although bitcoin has a bad image to be used for some illegal activities, bitcoin still be used for a good thing, so I think it makes bitcoin position is on a grey side.

Trading bitcoin itself needs more time to understand how to trade with good, and we can not imagine that we will have a high skill in a short time. No pain, no gain.

But the biggest difficulty that we always face is when we already analyze and buy bitcoin, but suddenly, the price drops without we can predict. That makes some of us who already buy bitcoin will be panic, and confuse to determine the next step that we need to do.

[RondoAnyar]

difficulty determining the market and predicting the market for bitcoin prices, because we know that the bitcoin market is very difficult to predict and can immediately go up and immediately fall. So I think only professional traders can do market analysis to deal with bitcoin trading difficulties.

[pragna]

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.

Yea, this is very problematic as i am also facing this problem as BTC transaction is illegal by our government. But we can not stay home where worldwide doing business legally or illegally. We also made some community where we can sell our BTC or alt coin and basically i do not believe on any 3rd party online payment because as my country illegal so if the site take away my money or BTC i can not do anything against the site. So better we sell to local community and take instant money

thanks.

[Cryptoreflector_666]

difficulty determining the market and predicting the market for bitcoin prices, because we know that the bitcoin market is very difficult to predict and can immediately go up and immediately fall. So I think only professional traders can do market analysis to deal with bitcoin trading difficulties.

I don't agree with you. An ordinary user who has been studying the topic of trade analysis for at least a couple of months can also predict the market movement with a high probability. It is not necessary that only those who have been doing this for several years will know all the pitfalls. A lot of information is collected on the Internet on this issue and if you have enough motivation then everything will work out.

[ohyeahhaha122]

In my country bitcoin is not recognized, the transaction to exchange cryptocurrency for fiat money or vice versa is between people, there are many people trading USD to fiat, find reputable people and long-term deals

[bearexin]

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 think anyone that’s living in a country where Bitcoin is illegal will only be able to trade through decentralized exchanges, because centralized exchanges wouldn’t be functioning in a country where the laws are not in favor of cryptocurrency. Your government can only look into your activities when there are centralized exchanges, or maybe you’re caught and your phone is check and they find something that relates to that.

As for with decentralized exchanges, nobody knows what’s you’re up to, you can as well make use of some IP masking services to clean your track. Overall, I am getting used to trade bitcoins comfortably within all the limitations I am experiencing. I guess a new comer may quit bitcoin if they face all my limitations on their beginning days itself. But, I am into bitcoins for more than five years and I started trading bitcoin only for last 2 years and before that I was studying and watching all the bitcoin related things with respect to my country and with all my available resources for trading bitcoins.

[shushu9977]

In my country, when I started in 2017, then it was illegal, but at present there is no problem for trading or earning. It is perfect to do anything in our country. I am happy to trade but hopefull,  the price of btc may increase more and more very soon.        

[akram143]

As an Indian its been so easy to trade bitcoins here and mostly people uses LBC and wazirx for trading bitcoin with fiat INR, banks had restrictions in the past due to RBI's action but now it was cancelled by the supreme country.But in future the trading cryptos may get more difficult in our country in a law is in the pending status to make cryptos completely Illegal.

[coolcoinz]

I face no difficulties at all. To be honest the only difficulty that I'm able to mention is the struggle to avoid centralized exchanges and either trade in person or using dex or semi dex platforms. Lately my favourite way of exchanging has been a physical currency exchange where you can simply come with your wallet, pay, wait for 1 confirmation and get cash. Since one bank gave me a warning for receiving money from a crypto exchange, I'm staying as far from them as I can. Fun fact, Bitcoin is legal here, but they can still deny you services if they're against cryptocurrencies for whatever reason.

[reliable]

difficulty determining the market and predicting the market for bitcoin prices, because we know that the bitcoin market is very difficult to predict and can immediately go up and immediately fall. So I think only professional traders can do market analysis to deal with bitcoin trading difficulties.

This is a skill and not everyone would be able to time the market. Timing should not be done, infact one should be able to get the direction of the market and place the trades. This will give the profits more times than losses. Once people learn and get some experience then will be able to make some money from trading as well.

[peterpanda]

You will be able to trade on local market. In country wise, you will find a lot of people however it legal or illegal in your country.

[Om.monata]

the difficulty is less predict the market, because the current price of bitcoin is easy to increase and decrease quickly. This is something that will probably make a lot of losses for junior traders, so you still have to do a lot of learning

[Zemomtum]

Well, I am part of the lucky one as BTC and other digital assets is not illegal. If you have built a network of trust, you have reduced your issue to a bearest minimum, the only obstacle is if they are willing to buy when you needed to cash out.

[TrevorS]

It seems to me that today there are too many ways to trade bitcoin to limit yourself to the limits of the country in which you live. There is the Internet, there are exchanges that do not require KYC, there are cards from other countries that allow you to exchange bitcoin for fiat, there are exchangers that will help you to anonymously exchange bitcoin for fiat. No matter where you are, you can use and trade bitcoin on the web anonymously without any problems.

[ChrisPop]

Fortunately Bitcoin is legal in my country. However there should be some kind of loophole in the law. It always is.
I don't suggest that you break the law, but find legitimate ways to do it.

Maybe you have a friend in another country who can open a off-shore secret account for you, or use a VPN (although I think that's not legal - you should check with a lawyer). What about opening a company in a country like Estonia which has adopted crypto currencies and purchase Bitcoin in the name of the respective entity.

[seramania]

in my country trade is free, and it's not against the rules.
maybe in your country you can trade in a quiet way and without the knowledge of many people. this is in order to make you feel safe in trading

[imstillthebest]

in my country trade is free, and it's not against the rules.
maybe in your country you can trade in a quiet way and without the knowledge of many people. this is in order to make you feel safe in trading

this is what he is doing now because trading is strict in his country  . so far he can trade with minimal problems ,  he can still enjoy that way and there is no big difference to the others where btc trading is not strict  . my country is verry legal on these matters but im not into trading , im not enjoying so dont worry . dont be shy on us     .  my only difficulty is not on restrictions but its about how i handle my bitcoin as i often got confused and tempted on selling my hodlings   .

[Shohanur]

For me, trading fees is very important to me. I think it is a difficulty to my trading as it is hampering my trading. Besides the price of bitcoin isn't stable.