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Topic: Bitcoins Issues. - page 2. (Read 666 times)

hero member
Activity: 1638
Merit: 505
June 11, 2021, 03:31:57 AM
#66
   Bitcoins is the oldest cryptocurrency and one of the highest valued currency's in the world. Has a large price volatility making it too unpredictable to be used as a currency. Doing analysis to trade in a trading cause this digital currency is not consistently in a high value. Sometimes may fail to trade cause their's a sudden down of an a price, but it is a good luck when the price value is high. Being trader we must smart and confidence to trade without any doubt.

That's right the price of Bitcoin is really volatile to be used as currency most of the small business wouldn't be able to use it too due to the expensive transaction fee. For now I think it's one of the issues of Bitcoin why some people are still not using it as an alternative to fiat if they could have managed to have fast transaction fee and cheap fee I think that's different story.
legendary
Activity: 3654
Merit: 1165
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June 11, 2021, 03:28:38 AM
#65
with continuous analysis and experience gained, you can find out the nature of bitcoin, make no mistake if you want to be safe by holding on for a certain time bitcoin can be sure to experience a hefty profit
That is the benefit of persisting into one thing Cheesy because experience is the key for success everywhere. Bitcoin got few basic characteristics (which cannot be found in any other assets/stocks), when we start making use of them then we can easily make profits; still here we have 2 methods to gain easy profits: long term holding and active trading, those who are unable to realize the nature of bitcoin. it is highly recommended to go for long term holding to enjoy easy profits rather than complaining about issues of bitcoin.

Being trader we must smart and confidence to trade without any doubt.
But fortunately trading alone the only way to make money in bitcoin ecosystem. You need to be smart to explore other methods if trading is not going in your favor. Long term holding is the alternative I am making use of, to survive as trading is not my cup of coffee.
sr. member
Activity: 2422
Merit: 267
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June 11, 2021, 02:04:10 AM
#64
That's right, bitcoin asset holders must be really aware that Bitcoin is very volatile, must be wise in responding to the situation of ups and downs in prices.. However, if we are good at analyzing more profits than losses we can. We may lose, but it is also possible for us to profit many times over. that's why i love bitcoin.
because of its profitable nature, until now bitcoin has become a very promising investment and seems to have started to beat many investments that have existed in the past. bitcoin continues to grow, many have known and made new business fields.

Even though bitcoin is known to be unstable, the demand is still unstoppable because the results obtained can be many times the cost price. although not a few are also experiencing losses and they are still happy and continue to do. because with continuous analysis and experience gained, you can find out the nature of bitcoin, make no mistake if you want to be safe by holding on for a certain time bitcoin can be sure to experience a hefty profit
legendary
Activity: 3094
Merit: 1127
June 07, 2021, 03:17:14 PM
#63
Oh nice! Thank you for the awesome topic because we really needed to know that Bitcoin is really volatile and there's risk, before this post, we never knew that Bitcoin trading is actually risky due to its volatility nature Smiley you so beautifully explained how Bitcoin can suddenly go up and down due to many reasons and I appreciate it.
Dont know if you are just trying to be sarcastic on here or you do really appreciate on what OP is been saying which are actually the basics. lol
If you do deal up with this market then your primary thing to be observed is the volatility itself.You would able to determine is directly and i dont see
any issues rather than with that Block size and scability and the rest is just already considered to be its pro's or advantage.
Volatility does have its own pros and cons on where you can actually make out money if you do know on what you are doing.
hero member
Activity: 1288
Merit: 504
June 07, 2021, 01:51:54 PM
#62
Bitcoin is more than a currency. Looking at bitcoin to being just currency alone is a lot of limitation on bitcoin already. There is no way currency could be viewed as an asset but bitcoin in itself is an asset so, talking about it as being a currency alone is a limitation.

So, it fits in too capacity thoughtl not perfectly.
1. As a currency fir exchange becuase its got value that could not be over emphasised and thats what exchanges is about, exchange of value and
2. As an asset which is where the volatility nature of the coin comes into play. Thats why its hodl by most traders, because its value is subject to change and depend on the direction of the change, it might be beneficial or not so. Its just that!
legendary
Activity: 2338
Merit: 1124
June 07, 2021, 03:08:37 AM
#61
Oh nice! Thank you for the awesome topic because we really needed to know that Bitcoin is really volatile and there's risk, before this post, we never knew that Bitcoin trading is actually risky due to its volatility nature Smiley you so beautifully explained how Bitcoin can suddenly go up and down due to many reasons and I appreciate it.
I can sense the sarcasm Grin.

Lots of so-called pro traders lost hefty amounts during these crash times and this is why so many topics about Elon Musk and so many topics about trading recently.

People for some reason consider volatility as a negative but it is the volatile nature of Bitcoin that keeps it so exciting as an investment prospect. You just need to learn the ability to use the volatility to your advantage and you will love these bear and bull runs. One thing I would always suggest is to stay away from leverage or futures trading because these rich guys will swing the market according to their needs and liquidate small traders.
legendary
Activity: 2044
Merit: 1075
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June 06, 2021, 02:48:24 PM
#60
Being volatile and not being able to use it are very different two things. You could always have a thing that is volatile but still a currency. There are currencies in the world that are worse than crypto and still used as a currency. The almighty joke about the "Zimbabwe dollar" is a real thing for example, we are talking about a currency being less valuable than toilet paper there, or we have Venezuela these days and we probably have some others that do not mean anything as well.
The volatility of bitcoin is what makes it to be more interesting. It is very risky, but at the same time it can be very rewarding more than any other investments you’re going to see these days. I have a lot of friends that used to do forex trading, but they have all switched to crypto trading and none of them is doing forex trading this time around, and since they got into crypto trading their lives have changed.

Crypto is very risky too, that’s why you have to be careful and calculate the risks before making a move. You have to make sure that you can deal with the risk, and know how much you can risk, and you also have to study it very well and know how everything works.
full member
Activity: 1022
Merit: 133
June 06, 2021, 10:46:01 AM
#59
Oh nice! Thank you for the awesome topic because we really needed to know that Bitcoin is really volatile and there's risk, before this post, we never knew that Bitcoin trading is actually risky due to its volatility nature Smiley you so beautifully explained how Bitcoin can suddenly go up and down due to many reasons and I appreciate it.
sr. member
Activity: 2002
Merit: 250
June 06, 2021, 07:42:53 AM
#58
This is a very common situation and advice. ANd what we should know is the right time to enter buy and also sell at the right time. And how we can manage our funds, risks, and also emotions when trading. This management and also the ways of our strategies and research also will influence the result. I know that I am personally also not good enough for this.

But, as you know, almost all cryptocurrencies, not only Bitcoin but also Altcoins also have high volatility. Moreover, altcoin prices are very dependable on Bitcoin. SO, be aware of this.
The first thing to realize is that all cryptocurrencies are very volatile, so of course we can't just invest if we don't want to lose,
it takes a strategy and analyzing the market is also important,
what is clear is that the risk is very high so we really need to learn in order to make a profit
legendary
Activity: 2296
Merit: 2721
June 06, 2021, 12:44:30 AM
#57
-snip-
I don't have much technical idea on trading but as far as I know, it is really hard to predict the bitcoin price and you will never know the movement of the price. However, traders should know this since they enter in crypto space and it always has risk if you don't know to execute.
-snip-
Not only is it not easy to predict the Bitcoin price, it is impossible. This is true not only for Bitcoin but for any other asset traded in the market, whether stocks, bonds or precious metals. If you could even come close to predicting the price of anything, the market would either be destroyed immediately or you would be infinitely rich.

But what is certainly more serious in the case of Bitcoin are the manipulations that are carried out quite openly. Bitcoin hodlers from the early days can influence the market with, say, 10,000 BTC and lead to selling pressure, which these people then use to buy cheaply. Of course, this is also the case in other markets, but it is much less obvious, since the market supervisory authorities would immediately get wind of it and initiate sanctions.
sr. member
Activity: 826
Merit: 263
June 05, 2021, 05:55:37 PM
#56
This is a very common situation and advice. ANd what we should know is the right time to enter buy and also sell at the right time. And how we can manage our funds, risks, and also emotions when trading. This management and also the ways of our strategies and research also will influence the result. I know that I am personally also not good enough for this.

But, as you know, almost all cryptocurrencies, not only Bitcoin but also Altcoins also have high volatility. Moreover, altcoin prices are very dependable on Bitcoin. SO, be aware of this.
full member
Activity: 171
Merit: 100
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June 05, 2021, 05:52:42 PM
#55
If we are not aware of that, it gonna be a big problem.
But supposedly, it wasn't a big deal for us because before we jump into crypto, we must have the knowledge already about this and that serves as awareness. However, many never mind it, they just simply think that they can make a profit so easily in trading. And they just know the truth about Bitcoin trading once they suffer losses. It is too late, I think but that is the truth, it is not the issue of Bitcoin but it is an issue of ourselves.
When it comes to technical aspects then i do presume that most newbie investors or even old ones doesnt really know about this even with the basics and as mentioned on where they do all mind off about making profits without really minding on what are the these issues are but actually its not really an issue because majority or the community could able to bare it out despite out of these flaws but we cant really remove that since this is the father of all crypto then its no surprise that support would be mainly poured into this one.For those who do make this a big deal then youre always free to leave.

They just look at the charts and see big green candles and jump in in the hopes to get out at some later point being in the green. Precisely said, that is just not investing but gambling.

Technical aspects are important and in particular if there are issues in the code of Bitcoin. Those who knew Bitcoin runs into capacity problems could have taken that into account for their investment decisions. The drama at the time also took Bitcoin a little bit down although it quickly recovered afterwards.
hero member
Activity: 2688
Merit: 540
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June 05, 2021, 05:49:22 PM
#54
If we are not aware of that, it gonna be a big problem.
But supposedly, it wasn't a big deal for us because before we jump into crypto, we must have the knowledge already about this and that serves as awareness. However, many never mind it, they just simply think that they can make a profit so easily in trading. And they just know the truth about Bitcoin trading once they suffer losses. It is too late, I think but that is the truth, it is not the issue of Bitcoin but it is an issue of ourselves.
When it comes to technical aspects then i do presume that most newbie investors or even old ones doesnt really know about this even with the basics and as mentioned on where they do all mind off about making profits without really minding on what are the these issues are but actually its not really an issue because majority or the community could able to bare it out despite out of these flaws but we cant really remove that since this is the father of all crypto then its no surprise that support would be mainly poured into this one.For those who do make this a big deal then youre always free to leave.
sr. member
Activity: 1932
Merit: 442
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June 05, 2021, 04:53:59 PM
#53
I don't see Bitcoin's volatility as a problem because that's one of its characteristics and that what makes it a top cryptocurrency. I actually see it as an edge among other currencies because most traders and investors make a profit from it. As long as we know how to deal with Bitcoin's volatility, we'll only see it as an opportunity whether to buy or earn.
its not a problem for us traders because we can make use of the ups and downs of btc but it can cause a problem for a person that wants to use thier btc as a payment solution but they are not forced to use btc either because there are cryptos with less volatily or cryptos that are truely stable that they can use .
Yeah, it is a matter of choice and if we choose BTC for a trade we are supposed to adopt its volatility knowing that it was a part of it. We can never change that volatility feature, it is for us to adjust and use that to take the opportunity. To be honest, that volatility makes traders generate money and I choose those coins that have higher volatility as it moves faster ups and downs.
Well, in trading, --this volatility will give a better potential that the traders will easily earn a profit on trading. Buy low and sell high is the basic method in trading using bitcoin which means if this is high volatility it is easy to execute orders. I don't have much technical idea on trading but as far as I know, it is really hard to predict the bitcoin price and you will never know the movement of the price. However, traders should know this since they enter in crypto space and it always has risk if you don't know to execute. Because when people get FUD and easily have a panic sell, they are not a real crypto enthusiast, they are here because they heard the potential of making money they did not how will it works.
hero member
Activity: 2954
Merit: 672
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June 05, 2021, 04:41:44 PM
#52
I don't see Bitcoin's volatility as a problem because that's one of its characteristics and that what makes it a top cryptocurrency. I actually see it as an edge among other currencies because most traders and investors make a profit from it. As long as we know how to deal with Bitcoin's volatility, we'll only see it as an opportunity whether to buy or earn.
its not a problem for us traders because we can make use of the ups and downs of btc but it can cause a problem for a person that wants to use thier btc as a payment solution but they are not forced to use btc either because there are cryptos with less volatily or cryptos that are truely stable that they can use .
Yeah, it is a matter of choice and if we choose BTC for a trade we are supposed to adopt its volatility knowing that it was a part of it. We can never change that volatility feature, it is for us to adjust and use that to take the opportunity. To be honest, that volatility makes traders generate money and I choose those coins that have higher volatility as it moves faster ups and downs.
legendary
Activity: 1274
Merit: 1000
June 05, 2021, 10:04:15 AM
#51
I don't see Bitcoin's volatility as a problem because that's one of its characteristics and that what makes it a top cryptocurrency. I actually see it as an edge among other currencies because most traders and investors make a profit from it. As long as we know how to deal with Bitcoin's volatility, we'll only see it as an opportunity whether to buy or earn.
Yeah man, Day traders instead get success due to the high volatility of bitcoin. with what they call a technique, they can generate shit tons of money per day from bitcoin volatility. but this is quite difficult if done by beginners or even those who do not have basic trading skills
sr. member
Activity: 2828
Merit: 344
win lambo...
June 05, 2021, 09:25:35 AM
#50
If we are not aware of that, it gonna be a big problem.
But supposedly, it wasn't a big deal for us because before we jump into crypto, we must have the knowledge already about this and that serves as awareness. However, many never mind it, they just simply think that they can make a profit so easily in trading. And they just know the truth about Bitcoin trading once they suffer losses. It is too late, I think but that is the truth, it is not the issue of Bitcoin but it is an issue of ourselves.
full member
Activity: 1638
Merit: 122
June 05, 2021, 09:12:02 AM
#49
I don't see Bitcoin's volatility as a problem because that's one of its characteristics and that what makes it a top cryptocurrency. I actually see it as an edge among other currencies because most traders and investors make a profit from it. As long as we know how to deal with Bitcoin's volatility, we'll only see it as an opportunity whether to buy or earn.
its not a problem for us traders because we can make use of the ups and downs of btc but it can cause a problem for a person that wants to use thier btc as a payment solution but they are not forced to use btc either because there are cryptos with less volatily or cryptos that are truely stable that they can use .
full member
Activity: 1708
Merit: 126
June 05, 2021, 07:19:20 AM
#48
I don't see Bitcoin's volatility as a problem because that's one of its characteristics and that what makes it a top cryptocurrency. I actually see it as an edge among other currencies because most traders and investors make a profit from it. As long as we know how to deal with Bitcoin's volatility, we'll only see it as an opportunity whether to buy or earn.
sr. member
Activity: 840
Merit: 250
June 05, 2021, 05:13:39 AM
#47
That's right, bitcoin asset holders must be really aware that Bitcoin is very volatile, must be wise in responding to the situation of ups and downs in prices.. However, if we are good at analyzing more profits than losses we can. We may lose, but it is also possible for us to profit many times over. that's why i love bitcoin.
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