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The price of Bitcoin growing consistently from 2009 sum of people are very confuse to see the price of BTC that what is the right time to invest.
According to my opinion at this time price of Bitcoin in low position so you can invest.
What you think.
It could be argued that it is always the right time to buy bitcoin, because even those that bought close to the all time high are still going to get profits if they hold their coins, but if they do not have faith in bitcoin and then they sell their coins then they are going to get losses, so before buying bitcoin ask yourself if you're willing to hold no matter what.According to my opinion at this time price of Bitcoin in low position so you can invest.
What you think.
Nope. Bank is there because it is a bank and Bitcoin is there because is it a bitcoin. One may exist without the replacement of the other. As you have said, banks have existed for centuries and the creation of bitcoin does not even affect the banks that greatly because most banks are controlled by the government. Therefore, in my opinion, bitcoin may never replace banks, because they can coexist.
I think there is no comparison between banks and bitcoin because we cannot keep aside the role of banks. They are giving us many services, while bitcoin is just a cryptocurrency, usable and profitable and can do nothing else. I am not saying that bitcoin is not good but both have their respective features, and we cannot neglect anyone in these two.Re: Can it be possible for the whole wide world use a single currency?
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money.
China will become superpower because as of this days, china improve their technology, from military equipments, own manufacturing of machineries many others. They can compete the world market because their price is affordable yet we can consider their product as consumables since, it will last only for few years of its life span.
Ordinary people do not understand the strategies of China. In the near future we will see that china will be the superpower in the world and USA will be destroy, because their economy is going to crash due to huge expenses in defense sector. The production of everything in China is for the whole world. The variety is different, so is the price and quality.They do not want to invest their money simply because they do not believe in something that they cannot have a hard proof and they cannot have it physically. Cryptos are digital and it is difficult to persuade some maybe because it is not regulated by the government so they feel that there is no security at all.
Another problem is that crypto is not usable in local market till date and will take a long time, while regular currency can be used anywhere. Mostly people use their money in their local markets and crypto cannot be used in local markets. It is also a big problem for small investors that they do not invest their money in cryptocurrency.Trading is a big work on yourself. Here the main role is played by the availability and analysis of the situation, in contrast to gambling, where everything is decided by chance.
I think there is no comparison between trading and gambling because trading is a business and gambling is the worst thing in the world. There is no future of gamblers but the future of a good and successful trader is very bright. Therefore I think that bitcoin trading is far better than bitcoin gambling. Both are opposite of each other and consist of many differences.My worst trading decision was to sell most of the bitcoin crypto assets because of too high panic factors, and after selling them I became frustrated because prices soared and became 10x the price I sold afterwards. There is one very important thing in which I have to keep believing in bitcoin and not even selling it.
In my views when the market is on the way down and I need money for my financial hurdles and I sell my holdings for low price, that was the worst decision because I will sell my holdings in the wrong time.so I think that the best decision is to hold your bitcoin when the price is low and sell or use them when the price is high. opposite decision will be worst decision.The only method I make use of is converting my money to fiat when its right. I have seen someone in this forum mention that its possible to lock your capital with your Bitcoin and it will stay at the rate at which you locked it no matter how low it gets but I dont believe that is possible, even if you do and so what? When you want to sell it you will still sell at the rate at which it is being sold currently.
So the only method Im using is covering my money to fiat and waiting till it gets low then I will invest back my money and at a cheaper rate.
Saving and keeping money is not a problem. Problem is earning. If I make a lot of money from bitcoin or any other cryptocurrency. I will change them into real currency and invest them in some real business. Other source to secure my earnings is to buy some property because property itself is a business and a safe sector to save extra money.So the only method Im using is covering my money to fiat and waiting till it gets low then I will invest back my money and at a cheaper rate.
Re: The only way to successfully trade the market "Best strategy ever"
Without a doubt, the application of risk/reward ratio is very vital in trading in order that profit is maximized with as few winnings as possible, since it is apparently easier to lose than win. However it needs to be emphasized that a trade ending in greens, just don't come by mere wishes and a risk\reward ratio can only be as good as the fundamental and/or the technical analysis from which they're projected. Suffice to say that, you would have to get it right first with your analysis, for your risk/reward ratio to stand any chance.
Yeah to be a successful trader you must have the courage to bear the loss in trading because if you dont have the quality to face hard times then you will never be a successful trader. Those who want quick response they should invest in regular business because cryptocurrency business is for long run and you will have to wait for good times to come.If you lake patients in this few you will loses money. If recent I know a man that buy bitcoin around $9000 and sold it when bitcoin dumped to $6800 in April. I told him that bitcoin is going to get back to & $10,000 before we can see price pull back again. However bitcoin is above $9500 today and those that has patients are the one making money.
Two things are very important before entering into the world of cryptocurrency. Patience and courage. You must have courage to bear the loss in trading and the most important thing is to control your emotions. Dont take quick decision. Take time and wait for good time so that you can make some profit against your investment. For this patience is necessary.I would definitely want something like this, Weekly once may be suggested with discussions regarding gain/loss of top coins and also suggesting future coins with different teams.
Having something like that of talk shows and that too related to that of the crypto currencies is one of the best way to make more people aware of the crypto currencies and that this will surely help the crypto currencies in gaining more fame in the entire world. We all must encourage such kind of initiatives and that this will also help the investors in having a fair idea of the things related to the crypto market.because altcoin is much better profit than btc i think..
D178
Did you really read the OP? This does not have anything to do with bitcoin and by the way, bitcoin market is better with profit as well for the long term as far as I am concerned. To give the OP an answer, I want to believe stock and real estate is now becoming outdated D178
since I am sure that is what you want to hear. Jokes aside, there is a huge opportunity lurking in the cryptocurrency space and i guess those who are smart will know that anyway, so I won't say more than that. Re: how often do you check BTC price and how to cope with stress?
I'll admit that I still check BTC's price as frequent as when I first got into cryptocurrencies, but I sort of feel "numb" to the volatility. Bitcoin crashes by $5k? Meh. Alright. Time and experience in the blockchain ecosystem made me used to the huge price swings I guess.
Normally, time and experience will always help. Most of us have been there in the past and those who really never had that problem were those who invested when it really does not have much value and no serious fluctuation since there was no market for it anyway and all they had was hope and belief that one day, things would get better. However, if those who are buying now can also have that mindset, they really would not bother about now, and they would rather focus more on the future.Less volatile, low fees, fast confimations time are the things that we should search before decided to pick which coin is suitable for gambling purpose. For me dogecoin is the best one so far.
Realistically approach, those qualifications are the most important factors when choosing coins that will be more usable inside the gambling industry,this quality are those that gamblers look at, they can enjoy while transacting using the said project, doge is already been used by certain gambling site
who cater bitcoin gambling, they added doge as an alternative for those gamblers who having issue with fees and transaction speed.
First i put an amount limit for my gambling habbit after a first and second level of my limit i will stop and try it again nextime that means im not luck to that day.
We have the same concept in controlling our self on gambling , That is the way I control myself / to stop my self on playing gambling if I know that I dont have luck on that day. Maybe If everybody gamble like this , the ruined gamblers life can be lessen.All the gamblers are supposed to be like that, but unfortunately many gamblers think that is a difficult thing to do. Greed is a problem when many gamblers break through the limit they have made. I also think, if all the gamblers can control themselves well, gambling will not be too destructive to many people's lives.
Any idea where the 1000$ in 10 minutes came from??
Could it be that one if the whales is at it again? Lol, or. Maybe people have changed their mind and decide to invest their money regardless of whatever that happens? Whatever it is that happens, I believe it will always be for the good, and if the price continues to go up, it will attract more investors to invest and will also break another record for the second time.Re: So mining is apparently only profitable if btc is over $8600
No exactly true. Depends on the price of electricity and other factors which are dependent on where you are in the world.
Hes not right. All these thingsthat has to do with making of profit and not making of profit are based on the expenses you make while working as a Bitcoin miner. When your loss are bigger than the profit youre making, then Bitcoin mining is not meant for you. Expenses you make depends on where youre living, the cost of electricity and other stuffs. But I still believe that Bitcoin mining gives more profit when the price is very low. But whatever
Im not a miner anyway.http://www.bbc.com/news/world-latin-america-42217798
BBC reports Venezuela is moving to Petro coin to fix economy. Will this help? Will it hinder things? Will it bring negative light to crypto? First country to go totally crypto?
Personally, I see more inflation and Petro failing terribly.
I dont really understand what this means. Do you mean they are starting to issue out their own cryptocurrency or are you trying to say that Venezuela its no more making use of conventional currency like others? 🤔 If they are just issuing out cryptocurrency for investment, then there is no problem, but if they are trying to go all in on cryptocurrency and stopping the use of conventional currency /fiat then they are heading for total failure, cause its totally madness.BBC reports Venezuela is moving to Petro coin to fix economy. Will this help? Will it hinder things? Will it bring negative light to crypto? First country to go totally crypto?
Personally, I see more inflation and Petro failing terribly.
Hello guys...
I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
When did you invest the money, cause I believe your money must have gone up by now? And 25 different cryptosinvestment seems to me a lot for a newbie to handle. But I will still advise you to keep on holding your cryptocurrencies for as long as you can cause the price will soon reach a high price rate again. Yesterday it reached $9000 and just this morning it dropped a little bit to $8,800. Lots of people are saying that the price will go up this April ending or maybe May.I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
I do not like to play gambling because I know there are only a few of the millions who do it that will be a success, unlike a trade that will make many people successful
Everybody will choose trading, because gambling is such a bad thing that you can lose all your money in just one game. Trading is pure business. If you have experience then you can become good and successful trader. On the other hand a gambler loses all his money at the end and left and even left himself in debts. Gambling is the root of crimes.