Na isip ko na papasok na mag mine ok paba sya o hindi na profitable

Recently bitcoins plunged even lower than what it was before because of the statement made by south Korean prime minister about banning trading of virtual cryptocurrencies through exchanges

Etherum and Bitcoins are majorly controlled by countries like south Korea and now since they are gonna ban it the effects it would have on currencies would be detrimental

Would it recover ? Because it's simply bigger than China also countries like India are also thinking of putting a ban!

I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.

I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.

However, I have a problem - how do I train myself to know when to cash out?

For instance, last night the BTC price was high (18K), and ETH/LTC price were low.

I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.

How do you know when to cash out??

Right now the only time I cash out is when I need to money to buy a gift or something.

Anyone in USA see CBS new bs on Bitcoin Don't invest keep your money in the bank, it's safe in the bank. Guess they think we all forgot about how the banks screw everyone every 10-15 years then get govt bailouts. What a joke. Id rather keep it under my mattress than in a bank getting a 1/2% interest. f****n scumbags

Will Bitcoin become the new gold and will Dash be used for daily payments? Any other potential crypto currencies in mind that can replace BTC or DASH?

Does anyone know why this is the case?  Surely it would drop right since the fees are outrageous and would move other people to buy other coins?

Is bitcoin virtual gold or virtual cash? At this moment I consider bitcoin more as virtual gold. Currently banks offer savings accounts and payment accounts. I consider my bitcoin wallet as a savings account. At this moment my bitcoin wallets are not suitable as a payment account. That is not a problem because I don’t want to pay with bitcoin. I regret all my past bitcoin payments (I do have a bitcoin debit card). I should have made those past payments with fiat currency and I should have saved my bitcoins because the value of those bitcoins has gone up considerably. If you pay your coffee with bitcoin today you may remember it in the future as the most expensive coffee ever, much like the guy who paid 10.000 bitcoin for two pizza’s back in 2010.

Apart from the fact that I don’t want to pay with bitcoin, bitcoin is also not suitable for most payments. There is not enough transaction processing capacity, the fees are too high, the confirmation times are too long and bitcoin is not yet generally accepted. A cryptocurrency payment account requires different or additional technology. This could be the bitcoin lightning network or another cryptocurrency that has a much bigger transaction capacity like for example IOTA (IOTA uses a two dimensional tangle instead of the one dimensional blockchain). Several altcoins also consider themselves as a useful cryptocurrency for payments. Altcoins like Bitcoin Cash, Monero, DigitalCash and Zcash could develop into useful currencies for payments but currently their acceptance is very limited. For now I will keep paying my bills with old fashioned fiat currency but that could change in the near future.

My conclusion is that for the time being bitcoin is more like virtual gold. It is however in a savings account and can be transferred much easier than the real gold. In the future the lightning network and/or altcoins will probably also provide virtual cash in suitable payment accounts.