williamz902

There is a rule that says, "You should only invest as much as you can afford to lose". If you sell your bike and lose all that money, then what will you do? On the other hand, it could be a worthwhile investment IF you know what you are doing.

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I can't decide actually, but think I would prefer to invest in a house that I can rent out for a few years. Not only are you making a monthly rental income, but your property may also be appreciating. Crypto seems more risky, though more rewarding if you know what you are doing. Still a house is a brilliant asset to have.

From a technical point of view, people are already using their mobile phones to make payments - although not all of these transactions involve crypto. Some people store their card details on their phones and then just tap the phone to make payment. Other countries have mobile money which can be used to make payments.

I generally think of games as gambling, so I tend to stay away from them. With buying and selling, you have a lot of control. You don't always have control over games, especially casino type games that are mostly based on luck and random draws or spins.

Interesting. I anticipate that the price will hover around about 13k for a while, and then probably won't fall below 10k in the future. These reports help to give us a picture of what the price might be after the halving.

I think all countries around the world should legalize and regulate Bitcoin and other cryptocurrencies. People should have the freedom to take control of their own money if they want to.

Think of it like a savings account where you can get interest on your crypto currency. It's safe, and you can earn interest. You just deposit your crypto and they will pay you interest.

I knew it would go down. It's easy to tell that it will go down just by looking at it's history. Don't be surprised if the price goes below $6,000 before it starts to rise. Personally I think this is going to be a great opportunity to buy some more.

This question has been asked before. You should use the search bar to find the previous answers. But in short, I don't believe that Crypto is going to replace fiat currencies. Governments won't be willing to relinquish power over their economy and controlling the money supply. Some countries may create their own centralized, digital currency, and bitcoin and other cryptos might be adopted alongside fiat as alternative payment methods, but crypto will never replace fiat.

I saw that Satoshi was inspired by the financial crises of 2008 to finally go ahead and launch Bitcoin. He believed that people should be able to control their own money without the mass manipulation by rich people and the governments.

This coin looks like it has quite a lot of potential in the next few months. I didn't actually know about it, and now regret not buying any. Due to it's current rise, I think it's a bit too risky to buy into it now.

I think it will take a bit of time, but gradually far into the future, I think more and more countries will start to adopt their own digital currencies. Once a few countries do it, many will follow suite in order not to be left behind.

I don't have enough crypto to really do much shopping, but I'm working on building my portfolio and getting more crypto so that I will be able to do online shopping with it.

No. If anything I think quantum computers could be extremely helpful to blockchain technology and mining bitcoin especially. It will be much easier to mine BTC with a powerful computer.

According to a recent news report, a founder and CEO of a Zimbabwean exchange has lost the keys to the private wallet which contained 33 BTC worth of user funds. You can read more about the story here: https://thenextweb.com/hardfork/2019/11/01/ceo-loses-private-key-crryptocurrency-exchange-wallet/

I keep seeing people asking which coins they should buy, or which coin is profitable, followed by a whole bunch of comments with recommendations. Half the time the person who is asking has no idea why they are buying into a coin, other than the fact that it was recommended by someone else on the internet. This is terrible. Either you don't know how to do your own research or you are too lazy. So let me give you some advice. Before you buy into any coin, ask yourself these questions: 1. How much trading volume has this coin had over the last 6 months. (Trading Volume is the amount of money that has changed hands - it's a good indication of demand). If a coin has 0 trading volume or perhaps 20 BTC trading volume, then it's a terrible coin - no one is buying it. So why would you? Look for coins that have over 1,000 BTC daily trading volumes. 2. For the last 6 months or 1 year, what was the lowest price this coin was trading at? 3. For the last 6 months or 1 year, what was the highest price this coin was trading at? 4. How does the current price compare to the answers from step 2 and step 3? Would you say the price is quite high, or quite low or somewhere inbetween? If it's quite high, or somewhere inbetween the risk is higher. If it's quite low, then it has potential. 5. Who developed this coin? What was their vision for it? What features does it have that make it different to all the other coins? When was it launched and how long has it been around? 6. What are the developers doing that might make this coin's price rise in the future? How are they marketing it? Are they trying to get partnerships with other institutions? Is it accepted as a payment method in the real world? 7. In contrast, what have they done in the past, or what do they plan to do which might make the price drop? Are there any upcoming airdrops? 8. Is this coin mined, or are the developers in control of issuing them? 9. How many of these coins are in circulation and what is the maximum number of coins that will ever be issued? What is the market capitalization? 10. How many exchanges is this coin listed on? The more excahnges, the better. If it's only listed on one exchange, you are making a mistake buying into it. 11. Has there been any recent negative or positive news about this coin. Check news stories for as far back as you can go. Has any particular news influenced the price? 12. How does this coin rank on CoinMarketCap, and why is it ranking so high or so low. Until you can answer all these questions and more, you are wildly unprepared to trade and this will more than likely result in loss. Do your own research - don't be lazy.

There is a lot of research involved in arbitrage trading. For example, you need to know the BUYING price on one exchange and the SELLING price on another exchange. Sometimes Exchange B, where you want to sell might seem to have a higher price, but it doesn't because there is a difference between Exchange B's buying and selling price known as the spread. This spread is very important before you even attempt arbitrage. You also need to know what the withdrawal fees are on both exchanges - otherwise they might just eat into your entire profit. Further more, you need to check volume - are there actually any orders in the order books, or are you just going to transfer funds from one exchange and have them stuck on another exchange because no one is buying or selling?! The last thing to check - make sure the wallets for both exchanges are online and working! Otherwise you will end up with your coins stuck on one exchange and unable to send them anywhere.

This question has been asked so many times before. Please use the search box to find previous answers. It's possible that bitcoin will go to 0$ in the future, and it's possible that it will never drop below $5,000. No one knows the future. So no one can answer this question. Just go with the flow and make sure you keep up to date with news and changing technologies!

Me too. I just shudder when I see someone trying to predict the price. No one knows the future - there is NO tool on earth that can predict what price and when. Trading is not about predicting. It's about checking if the price is really low at the moment that it can't possibly go lower. It's about buying at a low price and then waiting for the price to go up - not matter how long it takes.

Trading is so easy. I don't know why people make it so complicated. Switch to the ALL graph then follow these steps. 1. Buy when you see the price is low. 2. Wait a few months for the price to rise. 3. Sell when the price is really high. Or when the price has started coming down. Remember, you don't have to buy right at the bottom, and you don't have to sell right at the top to make a good profit!

There is no use crying over spilled milk! If you miss a trade, then see it as a learning opportunity and tell yourself that next time you will be able to get in when the price is right.

Confidence is: I have done my research, the price is very low at the moment, so I am confident it can only go up from here. Why would you trade if you are fine with zero profit. Might as well not bother then!

How did you come up with this prediction? Or are you just basing it on random guess work because that's what you are hoping will happen? My prediction is that it's going to drop back down to 8000 by the end of November. Let's save this post and see who is right.

Here is some information: https://www.worldcoinindex.com/coin/egold Seems that there is not information about it's market cap, or the number of coins in circulation. All I can see is that it's being traded on 3 exchanges and there is not even much volume. Safe to say Egold is pretty much a shitcoin. (Surprise, surprise, that's mostly what Yobit lists!)