Hey guys, can anybody make any good tips or tricks to do if you were to invest in Bitcoins? since the value of Bitcoins fluctuate so much I'm not aware of any good ways to predict what will happen to the value of them in the future.
Bitcoin investing advice? trading Bitcoin How do reward halvings affect the price of a single Bitcoin inevitably decline in years to come?
What wallet should i be using for a small investment I don't think I would rather just deposit using bovada. Thank you Hello everybody I have a question that I think I understand it, just looking for another perspective. I'm having trouble finding a comprehensive step by step way to do this without a Korean bank account?
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I have two very simple questions, or at least I hope they're simple enough. If I want to invest into bitcoins, how should I go about purchasing them? Is there a good, trustworthy site that handles these transactions? I'm wanting to invest into bitcoins, so I would love to know how I should handle purchasing them. My current plan is to boot my PC off of a linux USB and then generate a paper wallet offline with this USB (I got given this advice and how to do it by someone else on this subreddit in the past) Once I actually have that, I'd want to actually start purchasing bitcoins. The other question I have, is a simple. "Is it worth it" question for me personally. I'm a student and I usually end up with about 100 dollars every month that I put into savings. Do you think it would be a fair decision to spend as little as 100 dollars a month into bitcoins?
About a month ago I discovered bitcoin and set up a miner, and since then I've mined a grand total of 2.5 BTC. I'm considering investing some USD into bitcoins to increase that number a bit, but I'm not sure how much I should put in. Any advice on how much would be a good starting level, and maybe even some information regarding bitcoin's projected value?
Analysis of good and bad advice for investing in Bitcoin
A common advice platitude that is carelessly thrown about in /Bitcoin is something to the effect of "Bitcoin is a speculative asset; no one can know how it will play out and it could go to zero. You should never invest more than you can afford to lose" I find this to be a particularly meaningless and nonsensical statement. First the assertion that Bitcoin is a speculative asset should immediately disqualify the person from giving advice. Not only does this statement reveal that the person making it does not know if Bitcoin is going to increase in value, it also implies that no one else can know this as well. This is a profoundly arrogant claim and is of no use. Contrast this to this article written by Pierre Rochard back in February of 2013. At the time of this article Bitcoin was worth $22/coin and was widely viewed as toy money and ridiculed as a joke. Pierre's article assesses the monetary policy of this "toy money" and concludes that it has a superior monetary policy to the US Federal Reserve and will therefore necessarily grow to overtake the US dollar and end the fed. Bitcoin has increased in value over 500x since Rochard's article was published. If you hear someone giving advice and they say that "no one can know if Bitcoin will succeed" they are revealing their profound ignorance of monetary economics and their arrogance that no one else could possibly know something they fail to understand. Conversely we have people who have looked at Bitcoin when it was considered a joke and correctly concluded it would grow to take over the global economy and kill every central bank in the process. It should be obvious who is more qualified to speak on the matter and who should be ignored. The last part of the advice is rather curious and reveals a glaring and very dangerous status quo bias. What is meant by "Do not invest more than you can afford to lose"? More importantly, if you choose not to invest in Bitcoin you are necessarily invested in something else. The investment in something else--USD perhaps, is dismissed as if that investment cannot lose. No one ever says "Do not invest more in the US Dollar than you can afford to lose", but perhaps they should. Considering the fact that the USD has been rapidly losing market share to a new currency competitor with a monetary policy unlike anything humanity has ever seen, perhaps this would be the best possible advice as it suggest there is a risk most people are unaware of. My personal advice to people is this- If you do not understand monetary economics you have no business investing in a currency because you have no idea what you are doing. Most people would agree with this if I state this with regard to Bitcoin, but it is also true for holding significant amounts of US Dollars. Currencies can and do fail; currencies perceived as stable and "strong" collapse when they encounter competition from a currency with a superior monetary policy. If you do not understand this, you should educate yourself perhaps starting with people who correctly predicted Bitcoin's rise when it was worth $22/coin.
By trade volume I can say that BAT price pump has just started so if anyone is interested in short term gain then just go for a buy... This is not a long term investment advice and also there is a risk if bitcoin falls... Expecting 20-30% price gain in short term ( within 2 -3 weeks time )
Advice for someone that doesn't have enough capital to invest significantly in Bitcoin, but has full faith and trust that Bitcoin will bring great profits in the years to come. What can I do to start?
I have $6USD (yes, roughly .001 BTC) worth of Bitcoin through Robinhood. It was a purchase just out of curiosity like a couple weeks ago. I do own half a Litecoin, but through Robinhood again. I now know it's not a good idea to "own" Bitcoin through a custodial and I feel seriously about really owning Bitcoins. I don't have much money to play with and I don't intend to be stupid and frivolous with my investments. I want to buy and hold (hodl?) for a long time, most likely on a hardware key.
Non-UK folks may not relate but was scrolling through a news article and saw this and thought Martin "money-saving-expert" Lewis had died, I was really gutted at first but it turns out it is some bullcrap ad for Bitcoin investment. Martin Lewis has helped a lot of people with money advice for years.
Short-term holders who are looking to invest in Bitcoin in small amounts out of curiosity or for experimenting with sending/receiving it can opt to use hot and custodial wallets. Third-parties control these wallets, so they are not ideal for security assurances, but are convenient to use and offer excellent user-interfaces for using Bitcoin. Popular custodial wallets include Blockchain Wallet ... MARTIN LEWIS' advice on finance trends has proved crucial for many in the UK - and he issued a warning against the dangers of popular cryptocurrency - Bitcoin. If you want to invest in Bitcoin, the best strategy for investing will again depend on your needs and lifestyle. Your financial advisor will be the best person to talk to. That said, some people like to use a strategy called ‘dollar cost averaging’. With this strategy, you buy a little at a time every day, week, or month, etc. Its up to you to decide how frequently and in what quantity to ... This advice in an old Chinese proverb is most appropriate for the users planning to invest in Bitcoin. If you are someone who has heard about Bitcoin, irrespective of when but have never invested in it, this tutorial will guide you on how to exactly do that. Bitcoin, a digital decentralized currency based on Blockchain, is growing in market size. It has been called as digital gold because of ... Bitcoin Stock Divide. You can’t go an hour on cryptocurrency forums, subreddits, or Twitter chats without hearing the advice to hodl. For the uninitiated, “hodl” has become the rallying cry for the cryptocurrency community. It sums up the advice to hold your assets, even in the face of market volatility.
#BLOCKCHAIN #CRYPTOCURRENCY #BITCOIN this channel does not give investment advice. invest at your own risk. do your own research and due diligence before inv... When any successful industry is forming, its bound to be struck by scams and "investment strategies content" about crypto and most of the top altcoins in 2019. The information in this video will ... Bitcoin is an investment that is very controversial. A lot of people ask themselves if they should be buying bitcoin or if it is a good investment. In this video, I share some of the opinions of ... A few years ago Chris was encouraged to invest in Bitcoin back when it was only $90. At the time of this call, Bitcoin prices have skyrocketed. Chris considers himself to be a risk-adverse ... https://rebrand.ly/rawealthpartners Sign up Now See This Report on Bitcoin and cryptocurrencies - Money Advice Service, how to invest in cryptocurrency What ...