First and foremost, figure out how to make money and pay off your debts. After that, you can put your money into the market. It wont be a wise choice to invest in the market while being in debt.
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BoardTrading Discussion
Re: Can trading be likened to gambling and how so?
by
Eugene Buck
on 25/07/2022, 06:06:35 UTC
Since there is speculation involved, many compare trading to gambling. But that isn’t the case as trading and gambling are two different things. Trading requires preparation and market analysis, which is certainly not what they do when they gamble.
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BoardTrading Discussion
Re: Does Trading Can make me rich?
by
Eugene Buck
on 25/07/2022, 05:50:29 UTC
Yes, there is a potential to make a lot of money from trading. But it is not as easy as it looks. If you don’t trade seriously and with the right skills, you could end up losing your money as well.
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Re: How do you make money online?
by
Eugene Buck
on 22/07/2022, 07:31:50 UTC
Freelancing is the best way to make money online. I work as a freelance web designer. Whatever money I make from it, I use some percentage of it and use it to invest in cryptocurrencies.
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Re: Do you watch Tiktok?
by
Eugene Buck
on 22/07/2022, 07:21:48 UTC
No, but my niece is obsessed with it. Imo, it is a waste of time.
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BoardTrading Discussion
Re: The right time to invest
by
Eugene Buck
on 22/07/2022, 06:58:40 UTC
That’s hard to tell because nobody knows what the price of Bitcoin will be in future. Now, the price of Bitcoin is very low, so it is a good time to invest. But it is hard to tell when the price of Bitcoin will recover so invest if you can take the risk.
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Re: Is bitcoin dying?
by
Eugene Buck
on 21/07/2022, 08:23:11 UTC
No, it’s not dying. It’s going through phases. It will rise again but it is going to take some time.
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BoardTrading Discussion
Re: If Bitcoin drops to $8k
by
Eugene Buck
on 21/07/2022, 08:01:43 UTC
There is a possibility, but we can’t really predict what will happen. This is a hard time for us. So, we should be clear of what we want to do. And please have an emergency fund.
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BoardTrading Discussion
Re: What are some risks of trading cryptocurrencies?
by
Eugene Buck
on 21/07/2022, 07:41:09 UTC
Volatility of the market is the biggest risk. However, how you can turn it into an advantage. Also, be aware of the scams in the market. If you are holding for long-term, store your cryptocurrencies in a cold wallet.
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BoardBitcoin Discussion
Re: Lost everything in 2012, Lost everything in 2018, now building since 2020
by
Eugene Buck
on 19/07/2022, 05:59:00 UTC
Thanks for sharing your experience. Many people sold their cryptos and gave up which also includes me. It is really easy to back-off but very difficult to hold tight in such situations.
Hello All! i would like to Become a blockchain developer But i have no any basic knowledge of coding or blockchain . i was encouraged to be a blockchain developer by searching about bitcoin . show me the way to achieve my goal . completely a newbie To coding. how should i begin ??
To start my dream of becoming a blockchain developer, I think it's best to sign up for a class at the center or an online course in programming languages. From the basics as a programmer, you can develop yourself on the path you choose as a blockchain developer.
You will have a hard time becoming a blockchain developer if you start with bitcoin and blockchain while you do not know anything about programming languages such as C, Python...
Right approach! One can not start blockchain developer without having basic concepts cleared. Academic approach helps greatly in clearing the concepts.
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BoardBitcoin Discussion
Re: Why not use Tether instead of Bitcoin ?
by
Eugene Buck
on 19/07/2022, 05:40:25 UTC
Tether doesn’t fit in the concept of cryptos as it is a centralised currency and is linked to the real world’s currency unlike bitcoin. Moreover, tether is a stable coin unlike other cryptos which does not go with the nature of cryptocurrencies which is volatile in nature.
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Re: Man lost everything to Crypto
by
Eugene Buck
on 18/07/2022, 05:35:12 UTC
Once you understand the crypto market you’ll become more wise and cautious while making any investment decisions. Also it is not smart to invest the money you can’t afford to lose.
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BoardBitcoin Discussion
Re: Be careful what you wish for, it might happen
by
Eugene Buck
on 18/07/2022, 05:24:58 UTC
To be honest I too encourage the use of bitcoin but am not sure how to deal with certain people with the wrong mindset without any centralisation. Imo, both the centralised and decentralised world should move parallel.
Well, it could be because a lot of people would already be trying to get rid of their bitcoins at the moment. Since the bitcoin prices are going down, many traders have a feeling that it is not a good asset to keep. But if you ask me, I would suggest taking advantage of the situation and collecting as many bitcoins as you can. Once the bitcoin winter is over, you will enjoy the spring.
I agree! Many people are trying to get rid of bitcoins due to their low prices. And I think that it is a smart way of investing in bitcoin.
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BoardBitcoin Discussion
Re: why is bitcoin price important?
by
Eugene Buck
on 15/07/2022, 05:24:26 UTC
Bitcoin is the most important cryptocurrency. Bitcoin drives the value of many important coins as they are almost the replica of bitcoin in terms of blockchains. In simple words the whole cryptocurrency market value is dependent on bitcoin.
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Re: With the hacks and Bitcoin for ransome, who's to be blamed?
by
Eugene Buck
on 15/07/2022, 05:11:18 UTC
This is a complex situation and I think awareness and upgrading our knowledge technically has become much more important. The hackers will not stop and bitcoin not being centralised becomes our responsibility to protect our wealth.
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Re: Need bitcoin!
by
Eugene Buck
on 15/07/2022, 04:57:58 UTC
This is the perfect reason why bitcoin is required at this moment of time. I also read that these protests even turned violent at one point.