Topic: Investing/Trading Bitcoin - page 2. (Read 2511 times)

its only good if you really do well analyzing the movements, as bitcoin fluctuation really keeps up's and down and shorting it up will be needed to have strong knowledge about what making it to move, better to have real education about this system before starting the trade.

Localbitcoins is a good solution, the fees are high though.
About BTC wallet, an excellent tool is Electrum, it is fast and safe.
If you are good with trading may have big results with BTC.

bitcoin is good for trade
up down every time

you can make lot money from trade bitcoin

Acting right now is the victoroius formula for bitcoin investments so do not wait for prices to drop. Just start investing into bitcoin but not with all the investments you planned up but try to buy with 25% of your total investment. And wait for some time and then by for another 25%. (This way, you get better average buying prices).

You can buy bitcoins in Singapore by meeting your local people. Not necessarily you need to buy from an exchange. Refer google for how to buy bitcoins from your local people and how securely doing it.

Investing bitcoin must be a long-term process, so it cannot decided now itself you can start with 1 btc or 15 mBTC. My suggestions would be keep buying bitcoins whenever you have some surplus cash. And do not target price levels just to hold bitcoin as long as you will be able to. Definitely you can find magics with bitcoin investments.

If you want to save some time and if you want to buy bitcoins without going to any sites then coinbase is enough for you. Investing in bitcoin is always best to do even the price is high like now or even the price is low. If you are a long term investor then buying bitcoin now will not affect your possible profit after a few years, So you can buy now and just keep it for long term.

I can not recommend it profit but if you want to buy bitcoin sure below the price of $ 1200, I think you will get it in the near future

It is better if you store your bitcoins in your desktop and not on any exchange sites like coinbase. Do not trust that you can keep your bitcoin in an exchange site forever. They can be hack or go scam and you will lose your coins.


As most people here would say, the price is still undervalued and may still go very high in the future. So can buy now and still have a good profit if you hold.


You do not need to own a whole bitcoin. I think the smallest amount you can trade is 100K sats, so 0.015BTC is already more than enough.

- Coinbase have lots of issue and they are known for closing/frozing users account without any notice.
- You can buy bitcoin from coinbase if you find it easy but don't use their wallet, transfer those coins to blockchain web wallet or electrum.
- You can start trading with as little as 1BTC but with small amount you can't earn much in bitcoin trading.
- If you want to be active trader buy bitcoin and sell them quickly everyday to make profit because price of bitcoin swing more than 10$ everyday.
- If you want to be passive trader, buy huge amount of bitcoin right now and wait for 1year+ or even more to make good profit because bitcoin price tends to increase exponentially with respect to time.

the best investment grow youre money use trading bitcoin with pair altcoin
but if you want trading bitcoin is the best you use singaopre exchanger same you resident, because support use local bank, and low without fee in deposit and withdraw, because without transfer wire fee

There are many options for you to buy bitcoin, you can check Poloniex, Bitrrex, localbitcoin, bitstamp, kraken and others. For you to find out of which among them is the best. So in my suggestion to you try kraken or Poloniex though these for me are very much good.

if you buy bitcoin only 0.015 and then you hold and long term is very bad, capital money is very low if only use 0.015bitcoin, and use trading bitcoin pair fiat money if bitcoin price incraese 100 dollar you only get profit and return only 1.5 dollar,
if low capital money is good youre trading bitcoin use pair altcoin

so i will have to buy coins on coinbase and sell them on localbitcoin, right

on coinbase most probably no because it nearly has the same price as other exchanges such as bitstamp and bitfinex,... but on localbitcoin yes.
because on localbitcoins you sell at much higher prices if you are the seller not selling to someone else that already wants to buy low price.
this means you have to become a seller there and find people who are willing to trust you and buy more expensive coins from you so you can make a profit.

Alright,lets make a scenario using the current high and low. The today low is at $1,268.81 and current price as of now is $1,268.81.
Lets say that i bought at the today low price and sold it at current price using localbitcoin/ Coinbase. After deducting the transaction fee, will I make any profit? Residing in Singapore currently.
Scenario is Buying and trading 1BTC

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.

Localbitcoins is a solid option, you can find a seller there and buy bitcoin with a payment method of your choosing. However, seller fees are on the higher side.
Transaction fee is nowadays 0,00025-0,0005 , so that is the minimum profit you should get. You should consider your price by the hours you put in, your capital and payment methods. You can sell for a pretty high margin with Paypal, because there is a risk of chargeback, where as PerfectMoney is much more safer.
There is really no low or upper limit to trading/investing, but you should consider how much profit you want to make. If you for example start trading with 0.015, you won't have much success, as you have to keep high margins because of transaction fees. Generally if you are going to be buying/selling bitcoin, anything below 0,2BTC is just wasting your time.

Hope this helped, good luck in your journey!
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Sorry that my quoting sucks, so I have to type point by point.
-If I buy/sell with coinbase, upon receiving the coin, I will have to transfer them to Bitcoin Core if I intend to use it as my wallet right?

-When purchasing from localbitcoin, is it possible to transfer it to Bitcoin Core, and sell them off using other website eg. Coinbase?

-For wallets, when using electrum wallet, is the transaction fee worth it if I only intend to buy 1/2 bitcoin?

I don't use coinbase actually, coinbase is a centralize type. I'd rather go in electrum wallet or or other exchange that are legally potential too. or blockchain, then its to you how you gonna manage your bitcoin.

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.
-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.
[/quote]
Localbitcoins is a solid option, you can find a seller there and buy bitcoin with a payment method of your choosing. However, seller fees are on the higher side.
Transaction fee is nowadays 0,00025-0,0005 , so that is the minimum profit you should get. You should consider your price by the hours you put in, your capital and payment methods. You can sell for a pretty high margin with Paypal, because there is a risk of chargeback, where as PerfectMoney is much more safer.
There is really no low or upper limit to trading/investing, but you should consider how much profit you want to make. If you for example start trading with 0.015, you won't have much success, as you have to keep high margins because of transaction fees. Generally if you are going to be buying/selling bitcoin, anything below 0,2BTC is just wasting your time.

Hope this helped, good luck in your journey!

If you want to buy bitcoins then you can try localbitcoins as it is very trusted site and even the traders involved have good trust rating and site also has escrow services so its hard to get scammed as I am buying and selling my bitcoins on this site since long time and never faced any issue related to safety.

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