I think the november fork needs to be taken into consideration. it might effect the market significantly.
Yes, probably you are right. But I think for investing for a longer term and that too safely, needs you to be a good player. You first need to make smaller investments and see the way things happen. When you think yourself good enough to proceed for a long term investment, only then go for it.
Topic: How do I invest (safely) in Bitcoin for the long term? - page 3. (Read 4195 times)
I think the november fork needs to be taken into consideration. it might effect the market significantly.
Yes, probably you are right. But I think for investing for a longer term and that too safely, needs you to be a good player. You first need to make smaller investments and see the way things happen. When you think yourself good enough to proceed for a long term investment, only then go for it.
I could say that during this dropping price like now if you get in now probably it is safe to HODL.
I expect that BTC is rising higher later
Be ready
I expect that BTC is rising higher later
Be ready
Hello,
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
For long term, you can buy bitcoin in any price and hold in offline wallet and you don't have planning to sell in short term. With that amount, i think you can split the btc you bought into 2-3 part. For example, you buy 3 btc, you can split 1.5 btc and hold in your private wallet and only use 1.5 btc for trading.
The amount you can split is depend on you, how much you want to use for trading. If you learn more about trading including learning about how to analyze the market, then i am sure you can make profit.
Hello,
THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
you can buy BTC in a market that has a high volume of exchange such as bittrex, for storage you can store in bittrex by installing 2FA security.THIS IS A QUESTION FOR EXPERIENCED TRADERS IN BITCOIN
I am a novice in BTC but have been lucky so far. I bought BTC at under $2000 and have now sold it at $4100. I am sure that I have made some mistakes in the way that I have bought, stored and sold the BTC.
I now want to trade both long term and short term in BTC. I want to trade in minimum USD $10,000 blocks
Long Term What is the "best practice" processes to buy and sell BTC?
Where is the best place to buy BTC using USDs
Where is the best place to store BTC using USDs. As a result of my limited research, security seems to be a major issue. I am prepared to buy a dedicated computer solely to store the BTCs if necessary
What is the best place to Sell BTC using USDs
Saving bitcoins on trading sites is never safe as you never know what will happen to those sites in future as bitfinex scammed many people in the past and ran away with tons of bitcoins of people so its good to buy them and save in offline wallet to keep them safe.
Buy now as much as you can, then save it in the hardware wallet. Write the the key, make sure that you are not loss the key. Don't be afraid if the price of bitcoin is fall because it will go up again.
OP here
That is a terrible way to trade or invest in Bitcoin.
When a commodity is as volatile as these cryptos, it is much easier to trade both on a short term and long term basis using price targets.
I have bought into Bitcoin at under $2000, sold a couple of weeks later at $4100
I am now waiting for it to fall to around $2500 where I buy again.
no one tell you that online system are safe,but I you have perfect knowledge about online then it will be safe.becouse you know how to use your money. yes,coinbase platform is the most popular and save to invest your btc.
yes, I agree with you that there is no safe deposit of money online. in addition to hackers the absence of any internet connection can be a cause you lose your money. but currently the risk is very small.the safest way is not to put all your money in bitcoin.
But really where has business ever been easy or rosy? Nowhere! It is not easy with any kind of business including the offline businesses. Go ask an uncle or aunt who runs an offline store or shop, you would be amazed to know the level of risk they also take. To this I would say to everyone indulge in what catches your fancy...There isn't any free lunch anywhere, not even in Freetown.
no one tell you that online system are safe,but I you have perfect knowledge about online then it will be safe.becouse you know how to use your money. yes,coinbase platform is the most popular and save to invest your btc.
yes, I agree with you that there is no safe deposit of money online. in addition to hackers the absence of any internet connection can be a cause you lose your money. but currently the risk is very small.the safest way is not to put all your money in bitcoin.
Buy now as much as you can, then save it in the hardware wallet. Write the the key, make sure that you are not loss the key. Don't be afraid if the price of bitcoin is fall because it will go up again.
no one tell you that online system are safe,but I you have perfect knowledge about online then it will be safe.becouse you know how to use your money. yes,coinbase platform is the most popular and save to invest your btc.
Here is the reason for the fall in Bitcoin and Etherium.
http://www.zerohedge.com/news/2017-09-04/ethereum-bitcoin-crash-after-china-declares-initial-coin-offerings-illegal
"Ethereum and bitcoin are crashing this morning, after China confirmed its recent threat of an ICO crackdown (reported here last Monday) when the central bank said on Monday that initial coin offerings are illegal and disrupt financial markets, according to statement on China’s central bank website. The PBOC also asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the controversial if surging market for digital token sales."
http://www.zerohedge.com/news/2017-09-04/ethereum-bitcoin-crash-after-china-declares-initial-coin-offerings-illegal
"Ethereum and bitcoin are crashing this morning, after China confirmed its recent threat of an ICO crackdown (reported here last Monday) when the central bank said on Monday that initial coin offerings are illegal and disrupt financial markets, according to statement on China’s central bank website. The PBOC also asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the controversial if surging market for digital token sales."
OP here.
Thanks for your advice. I am an experienced trader and investor. I am waiting for the Bitcoin price to drop before I get back in.
Maybe around the $2500 area. Any market that goes parabolic eventually collapses back to much lower levels.
Is there a way to short this market through a reliable broker?
[/quote]
Bitcoin is starting to get down to my target area. Currently at $4180. Down from $4969. Thats down 16% in less than 2 days.
Ethereum is now down from $391 to current $295. Thats down 25% in less than 2 days.
I love this market
I think the best way to earn a handsome profit in rising as well as in falling market is to buy and sell systematically through distributed investment plan in stead of buying and selling in one single shot.
Making a distributed purchase at short intervals of time helps us to grab the benefit of volatile market behaviour. Please do your own research before implementing any strategy, I have been using this strategy and it is working for me but that doesn't mean it will work for you too.
Never buy or sell as a whole. If you are buying in market falling conditions and selling when it is going upwards then your 100% capital should be divided like,
1. Buy Low - 20% - 20% - 40%
2. Wait - Hold 100%
3. Sell High - 40% - 20% - 20%
This strategy will take the advantage of the price averaging technique and render high profits.
1. Buy Low - 20% - 20% - 40%
2. Wait - Hold 100%
3. Sell High - 40% - 20% - 20%
This strategy will take the advantage of the price averaging technique and render high profits.
Making a distributed purchase at short intervals of time helps us to grab the benefit of volatile market behaviour. Please do your own research before implementing any strategy, I have been using this strategy and it is working for me but that doesn't mean it will work for you too.
you can buy bitcoin in exchange like kraken, bitstamp, localbitcoin, and other else but if you want to hold for a long term, i suggested you to move your bitcoin from the exchange into your wallet or paper wallet or usb wallet. i think its not safe if you hold in the exchange as we know that the exchange is not always safe so better you save it in your private wallet.
Ya making bitcoin from any altcoin is the best option to make more bitcoin. If you more profit from bitcoin means you can hold it for longer to long period .Selling at high price for bitcoin good option. Instead of brought new bitcoin you may hold the bitcoin from Campaign and save that for long.
you can buy bitcoin in exchange like kraken, bitstamp, localbitcoin, and other else but if you want to hold for a long term, i suggested you to move your bitcoin from the exchange into your wallet or paper wallet or usb wallet. i think its not safe if you hold in the exchange as we know that the exchange is not always safe so better you save it in your private wallet.
To inverse in bitcoin safely means you must have knowledge in bitcoin. You should periodically check the value of In every specific period of time.You must save your bitcoin for longer termto get more profit. You keep in a wallet and make some security password for that account to make it safely.
The only way one can have safe investment in bitcoin or crypto currency in general for me is holding your bitcoin for a long period of time pending when the market value of Bitcoin increase before selling. Although this is my own personal opinion .
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you can buy bitcoin in exchange like kraken, bitstamp, localbitcoin, and other else but if you want to hold for a long term, i suggested you to move your bitcoin from the exchange into your wallet or paper wallet or usb wallet. i think its not safe if you hold in the exchange as we know that the exchange is not always safe so better you save it in your private wallet.
I think the best place to buy, sell or save BTC using USD is Bitfinex, OKchain.
a big market that has been trusted for a long time.
a big market that has been trusted for a long time.
Since you are focused with BTC/USD tradind you will be solely using a web wallet. Coinbase will be the best choice for you, though this type of trading is risky and letting your coins sleep at them, put some of youe bitcoins on an electrum wallet for long term holding, it is secured.
Coinbase has major security issues. Trading is difficult enough. Hackers stealing your Bitcoins on a daily basis is too much for me.
I have just finished reading the article in Fortune.com (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/
Coinbase was successfully hacked 30 times in a month. That is an average of once a day. BTC-e is even worse.
And because Bitcoin is hard to trace, it means that the lost money won't be able to be recovered.
Oh that happened recently at coinbase? I'm sorry I wasn't updated with coinbase since I'm into major bitcoin-alt coins trading. I thought that coinbase is one of the most secured exchange after all and the rumors are right that they can penetrated easily. Well I did warned that it's risky to let your coins sleep there but if you will just going to pass your coins through I guess there's no problem.
you can buy BTC in a market that has a high volume of exchange such as bittrex, for storage you can store in bittrex by installing 2FA security.
OP here
You should definitely read the article below in the Fortune.com magazine (Hacking Coinbase: The Great Bitcoin Bank Robbery)
http://fortune.com/2017/08/22/bitcoin-coinbase-hack/
Coinbase was successfully hacked 30 times in a month. That is an average of once a day. BTC-e is even worse.
And because Bitcoin is hard to trace, it means that the lost money won't be able to be recovered.
It also seriously exposes the unbelievable weaknesses in 2FA security.
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