Quote from: expert4knowledge on March 28, 2016, 08:42:30 PM

Quote from: richardsNY on March 24, 2016, 12:41:10 AM

Quote from: expert4knowledge on March 23, 2016, 04:54:22 PM

Quote from: Newcoins2020 on March 23, 2016, 02:35:29 PM

Quote from: kuntulu on March 23, 2016, 06:05:44 AM

Quote from: expert4knowledge on March 23, 2016, 05:58:23 AM

Quote from: Bitcoinrider on March 23, 2016, 03:45:11 AM

Quote from: xcapator on November 23, 2014, 02:03:56 PM

My strategy is simple, buy when the price goes down and sell when the price goes up. I do a 50/50 split keep fiat on an exchange incase price moves to levarage against bitcoin dropping. The bitcoin I have on localbtc

I like your strategy. Since I'm new in bitcoin. How can I monitor the rate of bitcoin? And on what currency is it based upon? TIA

This is a simple rule that has proved in finance science and it works in every investment area. There are many websites to check rate of bitcoin such as preev.com

best strategy is to wait for a good price. But that also depends on how many it is used. If it is many used you can make more money.
And the most important is that the value also must rise.

The best thing that you must do is look if there are many people that use Bitcoin. If many people use Bitcoin than your chance will be higher to earn some with Bitcoin.
But you must make it first popular and more used. So you must first promote it, that is really important.

But it may takes a lot of time for waiting for seeing the price high! This strategy may not work well.

With enough patience long term holding will pay off significantly. It's well worth all the time you have waited. I am also a long term holder and I really don't mind waiting a few years to see a very high price. It's all profit I am thinking about.

Yes, you are right. However maybe it is not trading then. Bitcoin has experienced much higher than what it has now. So we have to wait to see what happens in future.

For me, trading bitcoin is good now.
Bitcoin's rate increases and decreases hourly.
So I think it is the greatest oppurtunity to trade bitcoins.