A new low is being created so don't buy anything now and catch the falling life. You can buyer later after a small bounce to make sure you are not catching falling knife. To avoid the bull tap add a stop loss below your buy price.
Yes it is not time to get worry, it is time to have patience, in crypto market rise and fall is quite natural as we all know bitcoin is volatile by nature so I think we should hold our coin if it falls and wait till it get high, if you have money just buy some bitcoin it is golden chance for you, I have seen many investors regretting for not buying at cheap price, so trust your trading skills and buy more, if price is low it means time to buy more, later on price will be higher than your range so you will be sad.
My current strategy ever since the start of this year would be to buy and hold. I havent sold anything yet and planned on hodling the coins I bought last year because of the crazy market status today.
Nothing is better than this for sure so hold your bitcoin dont sell it right now you will have to keep patience for some more time, being strategic for bitcoin will help you raise your profit. I am also bitcoin holder and I know nothing is more profit able and more beneficial than holding your bitcoin at bad day and let it be good for your future t get safe and high profit.
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BoardTrading Discussion
Re: how often do you check BTC price and how to cope with stress?
if you have an investment which is the reason why you always check the price everytime .Then i suggest to stay away from it, 'cause that is the common reason why some holders here in crypto world always
Well I dont think so there is any problem with it. Everyone who have invested in something would be curious about results. And to achieve good results he must be checking the price again and again so that he never miss such important update at any time. But this must be done with maturity and you would keep your mind sharp but relax. Dont take it over your mind to blow it.
Bitcoin is at the forefront of virtual currency, many people know bitcoin and human's needs for bitcoins are huge. So bitcoin is valuable. More and more people, many companies used bitcoin.
yes that's right, as more and more people know about bitcoin then more and more virtual investments. so bitcoin is very valuable.
Our daily life has become addicted to bitcoin, why? Because now we earn more income from bitcoin than our daily regular job, there is a lot of things that we can easily buy with bitcoin without any problem, within few minutes we can pay our bills we can pay for foods and for a lot of things we need for our daily life, bitcoin save our future, it increase our money to doublers profit so there are uncountable benefits that bitcoin gives and us and which makes bitcoin valuable for us and for our economy.
Ministry of Finance has the final authority for money and financial matters. Have a look at USA China trade war where Donald Trump has put $150 billion tariffs on Chinese imports.
Looks like China is the next to ban Bitcoin
China has banned & unbanned bitcoin about 10 times
Almost fall on my chair laughing 😂..maybe he dont know whats happening about china and crypto thats why he said china will ban cryptocurrency..and even finance department has power on money and financial,still court has a voice tp questioned this matters..
But about the OPs post,this is one good thing to make indians have positive views about this problem
Yeah Chin have banned and unbanned bitcoin more than 10 times but as bitcoin is good way of earning and people of china better know that bitcoin can give them good amount of profit so they use it by hook or by crook,. But I think soon we are going to hear about India accepting bitcoin, so then it will be time of celebration for us when India will clear about bitcoin acceptance, I wish the same to china as well
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
Some othe people they dont find a good job to sustain their needs they used bitcoin to approach other people and they started doing bad things, like scam. They used bitcoin in illegal way to get more money to other people.
Well it is true but the reality is that good and bad people exist everywhere we cannot say anything bad to bitcoin for it, as everyone know how worth profit bitcoin is so they try to get fast and easy bitcoin so they scam, but a small care and good protection using wallets can save us from scamming and our bitcoin from hacking.
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BoardEconomics
Re: buy high and sell low. or hold which one is it?
We are into cryptocurrency investment because we want to make money, so it is always good to hold when the price is decreased because we bought them at a high price. If you sell them low you will be in loss, always thinks positive and of course, it will take time to recover and there is no choice for us after investing. The only option we have is to Hold as long as possible until we make the good profit.
At the moment bitcoin is down we should hold it for the meantime. If we buy at high price and sell it in a low price that's not the strategy in investing. You just throw away your hard earned money. Just don't panic if bitcoin is down, we should wait because bitcoin is volatile it will not stay at low. We should patiently wait for the price to go up.
Of course it is not the way to invest because every investment has some rules people use to invest to get profit not to leave the ground and gave up, rise and fall is the nature of investment if you will hold it for the long time it will be profitable investment but buying at high and selling low is open lose, try to save bitcoin and get profit out of it instead of selling at low, panic selling will cause highly problematic situation for you, so be careful and buy low to sell it high, but your first priority should be saving and holding for better future.
I think it depends regarding the people who use bitcoin, because even in late gathering coin if the people throbbing to use or to realize a criminality they can realize it whenever they agonized sensation and where ever they are. Don't just focus going nearly for bitcoin disadvantage to lid the concrete crimanality achievement of added things.
Bitcoin itself is only an investment tool, it is not good or bad. If it is said that it is linked to crime, it is only people who take it to commit crimes. It has nothing to do with Bitcoin.
Indeed bitcoin is the independent currency nothing can harm bitcoin and bitcoin can harm nothing, it has a lot of benefits for the investors and It has the ability to change the life, with time bitcoin is being famous for the nature of anonymous. No one can know about your bitcoin and no one can steel it so people use bitcoin as they want to use it, but personally bitcoin has no connection to the criminality it can only increase or decrease in price, to change your life, nothing else, as I use bitcoin till start it has given me profit only.
but right now since BTC is going down and taking everything down with it.,,, it is best to stay on sideline and buy dips only and sell for small small profit... not day trading but weekly trading....
Well you are right but I think it is hard to carry mining than buying as if you want to buy bitcoin then you will have to spend capital on bitcoin only, but if you are going with mining it will be hard as you will have to buy both the mining equipment's and the bitcoin too, so it is expansive and also it consume a lot of electricity too, so the best option is to buy bitcoin and hold your bitcoin for the long, so it is the best chance to buy bitcoin at the time of low price, because there are 100% chances for the price to increase.
Indeed many of the current holder of bitcoin spread in various countries. I am very sure later adaptation of bitcoin will spread across the world. But to be main currency, I think regulation is still a constraint for bitcoin but I wish the main countries in the world can be a precursor to adapt bitcoin
Yes now a lot of countries are accepting bitcoin they are making legal currency it for their country, it is the new age and we can use only digital currency for payment of goods. Online payment is being a source of the bitcoin promotion it is very easy to have bitcoin business throughout the whole world. Slowly bitcoin is being popular and high in price; I want a lot of thing to happen just as source of income after hearing the legalization news.
I think it will not reach that price even $50,000 because of the high fee, but if there is some kind of technology that can reduce the fee of bitcoin, then possible it will reach $100k.
For me it is not very high fees because it has may benefits foe the people as it can make them earn high amount of money so if they will pay for the miner fees of the fast transaction it is not a big deal mate, but the problem is people want profit only but they are not ready to give anything back for it, so as much as the bitcoin is famous it is because of fast transaction and increasing price that use to increase so for me bitcoin is going to be 100k dollar this year, it is already high enough.
i think Bitcoin is only profitable if done at large scales. you must get expensive mining equipment and of course it consumes a lot of electricity monthly. Also its usually much more cost effective to buy Bitcoins with this money instead of using it to buy mining equipment.
Absolutely yes, instead to build a high capacity hardware and software just making a shortcut method, you need to make your own fiat money to invest in BTC. instantly you made an investment that period of time. while you mine of Bitcoin like what you said that's expensive and made along time of you build that kind of equipment.
yes definitely agree with you if you have a big money to start with then you can do mining bitcoin because there are thing need to consider when you start mining bitcoin. first is the electricity consumption and the maintenance of the equipments
I have the different decision to some extent as according to me If you have a lot of money even then it is not good to mine because as you said it will consume a lot of electricity and a lot of money to buy the good quality of mining equipment, today everyone want to use bitcoin and they want to buy the goods with bitcoin to that is the reason it will be better if you buy bitcoin at low price and save for the long time instead of mining for the short time without saving it, I am totally in favor of buying bitcoin not to mine at all.
No you are not too late. Invest here and be gainer. All time and every moment is better time to invest in this forum.
You are right it is not late to be in bitcoin because late to be in bitcoin is better than never, it is good if you have taken some time it can help you understand bitcoin and know about the bitcoin use and saving. Even now many people are investing and having profit, so invest at once and be ready to have profits so i think it is good to take your own decision before you invest no need to listen the crowed to make bitcoin, so invest now and get high amount of profit.
Well assuming what you just said, is true, of course giving out loans is risky. It's like you gamble with your money in order to get 1 or 2% on top of it either in short or long terms and with the tendency of losing your money in case the guy who got the loan, doesn't return it. You could by some mining equipment's and contribute to the network as well and see the long term profit if you could manage and balance everything well.
Loans maybe too risky for those people who don't know to process loans or how to this process. Loans are not risky unless if you do the right thing and you know what are you doing with your loans.
Indeed it is risky if you take the loan then waste it on the useless things or maybe you take the high amount of loan from some kind of bank then they claim you had very high amount of loan but you I not get that high, so if you take some loan just be careful and just right after getting it try to invest the loan in bitcoin so that you will be able to have high amount of profit in future and then you will be able to pay for the loan only with the 20% of your profit out of investment so it think this way loan is not risky for you but it will be good for you.
Bitcoin is deserving to be promoted so that it could be known to those unfamiliarize about cryptocurrency. Promoting bitcoin is to help for improvements the economy not only for individuals. I think we need to be united one for promoting cryptocurrency as a cryptoworld for building the better future.
Bitcoin personally does not need any kind of promotion and any kind of introduction but as you said some people are not familiar to bitcoin so for then we should increase the popularity of bitcoin and in this regard we will have to use some source to promote bitcoin, it is good for the economical condition of country like it has a lot of job for non jobbies and it is being use as a saving, using bitcoin to make profit is like making money from your money, so it is necessary to promote bitcoin using social media, TV advertisement and your YouTube channels, to make everyone know about bitcoin.
Taxes need to be paid, it is a basis of the state, we are given free education and medical attendance. If I dont pay a tax, I will be pursued under the law. This idea it not to be pleasant to me) If whether to remove taxes and they will be nobody there will be a state?
I am agree with your statement everything that government use to fix they fix for our benefit, as a citizen it is our duty to pay the tax well on time and to make everything easy for us, it is very day need to get paid for our tax, like other official needs it is important to pay the tax too, it will purify your earnings officially and will make you save from all government issues, it will be good for the future of bitcoin as well to pay the tax and people will feel secure to invest for bitcoin they will leave the idea that bitcoin is a scamming if it will involve the government.