Investing/Trading Bitcoin | Bitcointalksearch.org

Finestream

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Quote from: sandor111 on March 19, 2017, 04:26:39 PM

Quote from: KennyR on March 18, 2017, 09:13:16 PM

Eth has been gaining potential as a better investment than bitcoin with its increased value and reaching close to $60. At the same the investment guides suggest it as an temporary surge. High risk involved as well the profiting is on one's one ability to predict the price move.

Yes indeed this ETH surge is just temporarily so i u\would recommend bitcoin user not to sell bitcoin when the price is less as many are shifting their funds from bitcoin to ETH without realizing that the surge in ETH is temporary just like the price drop in bitcoin.

I would not recommend ETH for long term trading, that is too time consuming and you need focus to be able to ride with the pump and sell when it dump. The OP is clearly asking about bitcoin trading so we do not need to confuse him on that as both have different approach in trading.
The only thing I can say is that put money in ETH when bitcoin drop but never sell your bitcoin because when it dump the next thing will happen is to pump hard.

ethereumhunter

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Quote from: LilPenguin on March 05, 2017, 10:50:40 AM

Hello guys, I have read about bitcoin recently and decided to make my research on it. I am residing in Singapore and it seems that Coinbase is a pretty good place for me to do my trading( kindly give me your opinion about this website).
As for wallet, I have downloaded Bitcoin Core and is intending to use it as my wallet( or should I use coinbase wallet instead?).
-As of now, what I would like to ask is that, when investing in Bitcoin, is it a good time to buy in now or should I wait for the price to drop?
-Is there any other reliable website for me to buy Bitcoin( Singapore) or should I just stick with Coinbase? Because I saw some issues with Coinbase claiming that its a fraud.
-When selling, how much higher should I sell to cover up the transaction/processing fee?
-Is it a must to have at least 1 BTC for trading/investing, or I could have like 0.015BTC and hold them till the price rise?
Thanks in advance

if you have money, then you can buy bitcoin in any of price and you can decide how much you want to buy the amount of bitcoin. you can buy part by part amount of bitcoin and you don't have to buy all 1 bitcoin if you don't have much money. you need to watch the market and make sure the price is drop so you can buy bitcoin. if you live in singapore, then i suggest you to find your friends and bought from him. for selling bitcoin, i think you need to think that how much you want to reach the profit and not thinking about the fee.

pinkpanther03

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Quote from: LilPenguin on March 05, 2017, 10:50:40 AM

Hello guys, I have read about bitcoin recently and decided to make my research on it. I am residing in Singapore and it seems that Coinbase is a pretty good place for me to do my trading( kindly give me your opinion about this website).
As for wallet, I have downloaded Bitcoin Core and is intending to use it as my wallet( or should I use coinbase wallet instead?).
-As of now, what I would like to ask is that, when investing in Bitcoin, is it a good time to buy in now or should I wait for the price to drop?
-Is there any other reliable website for me to buy Bitcoin( Singapore) or should I just stick with Coinbase? Because I saw some issues with Coinbase claiming that its a fraud.
-When selling, how much higher should I sell to cover up the transaction/processing fee?
-Is it a must to have at least 1 BTC for trading/investing, or I could have like 0.015BTC and hold them till the price rise?
Thanks in advance

when investing in Bitcoin, is it a good time to buy in now or should I wait for the price to drop?
- Yes, you better take the chance to buy bitcoin while the value was reduced compared last week. Due to for sure it will get higher again and we don't when it can be tomorrow or in the next few days.

-Is there any other reliable website for me to buy Bitcoin( Singapore) or should I just stick with Coinbase? Yes there other reliable website for you to buy bitcoin not coinbase only, for me I never try to use coinbase as my wallet. Because coinbase was just like a centralized form of system. you can try localbitcoin to buy bitcoins.

Reid

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You already download Bitcoin Core and that is your safest way.
For Coinbase you could use it as an alternative or if you are trying to trade bitcoin to dollar and vice versa.
You might want also to broaden the heights to that trading thing.
It is not just bitcoin that is a crypto currency although others might be risky.
You will just have to be knowledgeable about how they work and I am sure you will be fine.
Try poloniex as a trading website. You could also try to invest with gambling website, there is some profit in it.

noictib

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Quote from: LilPenguin on March 05, 2017, 10:50:40 AM

Hello guys, I have read about bitcoin recently and decided to make my research on it. I am residing in Singapore and it seems that Coinbase is a pretty good place for me to do my trading( kindly give me your opinion about this website).
As for wallet, I have downloaded Bitcoin Core and is intending to use it as my wallet( or should I use coinbase wallet instead?).
-As of now, what I would like to ask is that, when investing in Bitcoin, is it a good time to buy in now or should I wait for the price to drop?
-Is there any other reliable website for me to buy Bitcoin( Singapore) or should I just stick with Coinbase? Because I saw some issues with Coinbase claiming that its a fraud.
-When selling, how much higher should I sell to cover up the transaction/processing fee?
-Is it a must to have at least 1 BTC for trading/investing, or I could have like 0.015BTC and hold them till the price rise?
Thanks in advance

This is really a true thing that coinbase is best place to make trading Because the transaction charges are very low and no any transaction fee for the transfer of Bitcoin .
Here coinbase is fully open and trusted but Problem is that coinbase facing problem of giving data's about the adress tonadress transactions .
I will suggest to stop/wait to use coinbase for some weeks .
Secondly here I will suggest to wait for about one week because in my opinion the price will go down about 100-150$ in the weeks , so wait .
And third thing I will suggest for the trading with your bitcoin instead of any investment Because trading is legit way and less risky way to make profit .

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Quote from: marketone on March 20, 2017, 12:53:40 AM

Quote from: pinkpanther03 on March 17, 2017, 01:22:04 PM

Quote from: Idrisu on March 06, 2017, 02:24:05 AM

If you are a long-terms investors I will advice you to buy an hold know as the volumes of people or traders buying now are higher than people selling! What this mean is that on the long-term bitcoin is bullish. Likewise if you are a short-terms trader than wait until market make a little deep and buy then sell at the level when it is over price. Goodluck friends.

I will support this things, this is the proper procedure actually as a traders. If you are attempting to invest into trading, It is shows that there are two kinds of trader first was Long term trading and the second is day trading. Wink

I agree with you because as the days are passing many people are keep buying bitcoin and holding bitcoin. I hope many of them are looking for holding bitcoin for long haul in order to double or triple profit from it. Only a few people are converting bitcoin into their fiat currency and selling their bitcoin on exchanges for fiat currency.

People who are in urgent need of cash will only prefer to sell some of their bitcoins and rest will be saved for the future but those who have enough money in fiat will keep on spending fiat keeping their coins untouched as they very well know that spending bitcoin is not an smart decision.

tooley

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It would be buying and selling at risk because there's always chance and you have to time the market correctly. Nobody knows for sure.

marketone

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Quote from: pinkpanther03 on March 17, 2017, 01:22:04 PM

Quote from: Idrisu on March 06, 2017, 02:24:05 AM

If you are a long-terms investors I will advice you to buy an hold know as the volumes of people or traders buying now are higher than people selling! What this mean is that on the long-term bitcoin is bullish. Likewise if you are a short-terms trader than wait until market make a little deep and buy then sell at the level when it is over price. Goodluck friends.

I will support this things, this is the proper procedure actually as a traders. If you are attempting to invest into trading, It is shows that there are two kinds of trader first was Long term trading and the second is day trading. Wink

I agree with you because as the days are passing many people are keep buying bitcoin and holding bitcoin. I hope many of them are looking for holding bitcoin for long haul in order to double or triple profit from it. Only a few people are converting bitcoin into their fiat currency and selling their bitcoin on exchanges for fiat currency.

RoommateAgreement

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Quote from: KennyR on March 18, 2017, 09:13:16 PM

Eth has been gaining potential as a better investment than bitcoin with its increased value and reaching close to $60. At the same the investment guides suggest it as an temporary surge. High risk involved as well the profiting is on one's one ability to predict the price move.

all the altcoins can be much better investments than bitcoin only if you are comparing them short term otherwise nothing can beat bitcoin in the long term.
the altcoins get pumped easily and that is why they are profitable like this. you should only get in early and get out fast and early too if you want to remain a winner in altcoin trading.

sandor111

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Quote from: KennyR on March 18, 2017, 09:13:16 PM

Eth has been gaining potential as a better investment than bitcoin with its increased value and reaching close to $60. At the same the investment guides suggest it as an temporary surge. High risk involved as well the profiting is on one's one ability to predict the price move.

Yes indeed this ETH surge is just temporarily so i u\would recommend bitcoin user not to sell bitcoin when the price is less as many are shifting their funds from bitcoin to ETH without realizing that the surge in ETH is temporary just like the price drop in bitcoin.

avatar_kiyoshi

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1. I think now is good time to buy some coins.
2. Localbitcoins is good alternative, find a seller near your area and start trade, use escrow is necessary.
3. Transaction fees is not expensive as you use WU service, don't mind with the fees, just put the standard satoshi/kb , you can check here: https://bitcoinfees.21.co
For service fees, it's depends on what exchange or method you use. In coinbase it's charge 1.49% for buy/sell, 3.99% for Credit / Debit Card Buys (Singapore).
4. You can use 0.01 bitcoin for start trading. For investing, better increase again, 1btc minimum.

Quote from: xFiber on March 18, 2017, 05:32:23 PM

I'm currently using the blockchain.info wallet. Is it a good choice for trading or is bitcoin core still the way to go?

Bitcoin core is better for your main wallet. Don't use online wallet or exchange wallet for your main wallet, unless you just use for spending.

ajeef

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Quote from: iqlimasyadiqa on March 19, 2017, 06:11:48 AM

Quote from: cyclotronmajesty on March 18, 2017, 06:59:38 PM

Investing bitcoin in trading altcoins is the best choice to make at a moment and the altcoin market is too volatile so if you can grab the right time to buy and sell then you can make good profits even in a single day but don't invest in any coin blindly and take decision looking at the charts and then take right decision of investing in a right coin.

it is a great option. when the price of bitcoin does not support what we do. altcoin is the alternative that we can use to earn money.

This is the best time to invest in altcoins as some coins are moving like crazy and if we can invest in it at certain price drop and again if it pumps then it will bring good results for us and if you want to make quick profits then altcoin trading is the key.

aardvark15

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Quote from: LilPenguin on March 05, 2017, 10:50:40 AM

Hello guys, I have read about bitcoin recently and decided to make my research on it. I am residing in Singapore and it seems that Coinbase is a pretty good place for me to do my trading( kindly give me your opinion about this website).
As for wallet, I have downloaded Bitcoin Core and is intending to use it as my wallet( or should I use coinbase wallet instead?).
-As of now, what I would like to ask is that, when investing in Bitcoin, is it a good time to buy in now or should I wait for the price to drop?
-Is there any other reliable website for me to buy Bitcoin( Singapore) or should I just stick with Coinbase? Because I saw some issues with Coinbase claiming that its a fraud.
-When selling, how much higher should I sell to cover up the transaction/processing fee?
-Is it a must to have at least 1 BTC for trading/investing, or I could have like 0.015BTC and hold them till the price rise?
Thanks in advance

I've used Coinbase to buy and sell Bitcoins and I've never had a problem. I have heard some complaints, but for me it has always worked fine for any transactions that I have made.

iqlimasyadiqa

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Quote from: cyclotronmajesty on March 18, 2017, 06:59:38 PM

Investing bitcoin in trading altcoins is the best choice to make at a moment and the altcoin market is too volatile so if you can grab the right time to buy and sell then you can make good profits even in a single day but don't invest in any coin blindly and take decision looking at the charts and then take right decision of investing in a right coin.

it is a great option. when the price of bitcoin does not support what we do. altcoin is the alternative that we can use to earn money.

icecube45

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I want to answer some your question that maybe I can answer, and hopefully can help you.
If you want to invest in bitcoin I think you can buy bitcoin any time and not must be wait for prices to fall. Because investment for the long term so that we can buy at any time, which is important when you want to sell must be when prices are high. Try to invest more than 3 years and continue to buy bitcoin every month, I am sure your profits will be very big if you sell when prices are rising high. But when buying bitcoin for trading, because to short-term it's better to buy when prices fall and selling when prices rise.
To investment or trading bitcoin maybe not have to with 1 BTC, you can with a smaller amount than it. Even better to start trading with a minimal amount, to minimize the amount of loss because trade requires skill and must be learned. But to profit, greater amount will be greater profits. Having 0.015 BTC was not a problem but profits are small.

KennyR

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Eth has been gaining potential as a better investment than bitcoin with its increased value and reaching close to $60. At the same the investment guides suggest it as an temporary surge. High risk involved as well the profiting is on one's one ability to predict the price move.

cyclotronmajesty

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Investing bitcoin in trading altcoins is the best choice to make at a moment and the altcoin market is too volatile so if you can grab the right time to buy and sell then you can make good profits even in a single day but don't invest in any coin blindly and take decision looking at the charts and then take right decision of investing in a right coin.

xFiber

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Quote from: Henkkaa on March 05, 2017, 04:42:32 PM

Quote from: LilPenguin on March 05, 2017, 10:50:40 AM

Hello guys, I have read about bitcoin recently and decided to make my research on it. I am residing in Singapore and it seems that Coinbase is a pretty good place for me to do my trading( kindly give me your opinion about this website).
As for wallet, I have downloaded Bitcoin Core and is intending to use it as my wallet( or should I use coinbase wallet instead?).

Definetly don't use Coinbase as your wallet. You certainly want to retain in control of your private keys; essentially in control of your money. Keeping it in coinbase is basically same as giving your cash to a friend; every time you want to spend it you have to tell them. Bitcoin core is a much better option for a wallet, good choice.

I'm currently using the blockchain.info wallet. Is it a good choice for trading or is bitcoin core still the way to go?

justdimin

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Quote from: pinkpanther03 on March 17, 2017, 01:22:04 PM

Quote from: Idrisu on March 06, 2017, 02:24:05 AM

If you are a long-terms investors I will advice you to buy an hold know as the volumes of people or traders buying now are higher than people selling! What this mean is that on the long-term bitcoin is bullish. Likewise if you are a short-terms trader than wait until market make a little deep and buy then sell at the level when it is over price. Goodluck friends.

I will support this things, this is the proper procedure actually as a traders. If you are attempting to invest into trading, It is shows that there are two kinds of trader first was Long term trading and the second is day trading. Wink

Long term and short term trading are the tow side of the same coin, each one of them have their risks, investing long term can be safe because you wait for a long time to sell but you could miss the right time and end up losing your money, short term investing means that you sell when the price goes up a little but that could risk that you miss to make a lot of profit, the wise thing to do is to be patient and watch the market and not be afraid to take actions.

pinkpanther03

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Quote from: Idrisu on March 06, 2017, 02:24:05 AM

If you are a long-terms investors I will advice you to buy an hold know as the volumes of people or traders buying now are higher than people selling! What this mean is that on the long-term bitcoin is bullish. Likewise if you are a short-terms trader than wait until market make a little deep and buy then sell at the level when it is over price. Goodluck friends.

I will support this things, this is the proper procedure actually as a traders. If you are attempting to invest into trading, It is shows that there are two kinds of trader first was Long term trading and the second is day trading. Wink

Topic: Investing/Trading Bitcoin (Read 2511 times)