Topic: Investing/Trading Bitcoin (Read 2511 times)

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.

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.

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.

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.

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 .

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.

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.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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

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.

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. 

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!
[/quote]

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