What difficulty do you face on trading bitcoin?

igor171717

newbie

Activity: 15

Merit: 0

Modern traders are in better conditions than traditional exchange investors. The catch is that the primitive problems are the same. Because only you are responsible for trading actions and results.
For me, the biggest problem is trading itself Lips sealed

It is tempting to make huge profits by devoting your entire life to the process of trading. I often face irregular working days, lack of weekends and holidays, extremely little free time, and other problems associated with the non-stop crypto universe. This approach can destroy personal life and cause significant harm to health.
I'm trying to find a life / work balance and the Crypto Valley project helped me to find a place where I can rely on another person and take a break when I need it.

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

Quote from: taufik0911 on August 29, 2020, 12:26:30 PM

maybe we are in the same country but the funny thing is that our views are different about government regulations, actually bitcoin is considered a commodity in my opinion and is illegal because at that time in Bali accepting payments using bitcoin while it collides with government regulations governing currency in force namely the rupiah currency

yes we are in same country dude Grin

and yes i see the news about bitcoin can't replaced the rupiah ever as a payment. and yes bali is the most common place that u can spend the bitcoin and there's bitcoin ATM on there right and Jakarta too, but right now i think all of that is gone

TedMosby

sr. member

Activity: 1120

Merit: 438

https://bitcointalk.org/index.php?topic=5274318.0

Quote from: Pffrt on July 31, 2020, 09:23:31 AM

But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

1. trade your bitcoin on p2p platform.
2. convert your bitcoin into a popular online payment system such as Paypal, perfectmoney, payeer, etc.

you are promoting bestchange in your signature, this should be not a problem for you.

Dessy88

full member

Activity: 1050

Merit: 100

Vave.com

Quote from: Cryptoreflector_666 on August 28, 2020, 04:25:31 PM

Quote from: Dessy88 on August 28, 2020, 01:16:02 PM

Like you, I am a citizen of a country where Bitcoin is considered illegal and there is no right way for me to do business with Bitcoin. There is no secure business so i trade and to sell bitcoin i take help from the website where they have been honestly buying and selling for a long time.
Although i have to work from confidential to crypto but so far i have not encountered any problems.
But one day bitcoin will be legalized in my country.

Bitcoin is legalized in some countries right now and you have the opportunity to get a Bank card of any state where it is located within the law and use it to withdraw funds. For small withdrawals, tax authorities usually do not pay attention to cash withdrawals. In our country so.

In terms of trade the government of our country is willing to take some steps where cryptocurrency will be used. However, I have to suffer a lot to sell bitcoin because third party delivery is not the fastest. Bitcoin is now used as legal tender in many countries and I think we are lagging behind all those countries. However as the crypto market is expanding, it will not be long before it will be legalized in my country very soon.

taufik0911

full member

Activity: 1274

Merit: 104

HEX: Longer pays better

Quote from: dansus021 on August 28, 2020, 07:59:50 PM

Quote from: seramania on August 28, 2020, 02:30:36 AM

in my country trade is free, and it's not against the rules.
maybe in your country you can trade in a quiet way and without the knowledge of many people. this is in order to make you feel safe in trading

same as me in my county it self trade are free even tho there's some government called "BAPPETI" Commodity Futures Trading Regulatory Agency (BAPPEBTI)

What difficulty do you face on trading bitcoin? basically is not rules issue is more likely to be emotional issue Grin

when buy cheap and the market dump so hard that's the main problem

maybe we are in the same country but the funny thing is that our views are different about government regulations, actually bitcoin is considered a commodity in my opinion and is illegal because at that time in Bali accepting payments using bitcoin while it collides with government regulations governing currency in force namely the rupiah currency

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: Hemady17 on August 28, 2020, 06:11:56 PM

In terms of legality, I don't problem with it because in my country trading bitcoin is not illegal. In fact, the government is not imposing any rules to avoid bitcoin as long as it is real investment. They are supporting the ease of the citizens to trade and invest. But the problem here is that only few of my countrymen have knowledge in cryptocurrency. And they think that bitcoin is a scam. Well, in my own problem. I think the volatility of bitcoin is my real trading problem. I didn't really know where it will goes up and down. Besides I am not really pro in trading cryptocurrency.

With your concern, anything is learnable if you are really keen in learning things that will guide you to understand more about trading, there are influences that you always needs to consider, no sure movements and most are purely speculative. You need to keep on adjusting as anytime changes might take place,. Anticipate and analyze based from your own and not to lean with anyone.

ufaiz50

hero member

Activity: 1666

Merit: 502

Quote from: Pffrt on July 31, 2020, 09:23:31 AM

I'm a citizen of a country where bitcoin is illegal and there's no good way of trading bitcoin in legal way and secured way. I have been trading through the community I have built within these years but sometimes I got difficulty selling bitcoin, not much although. If you are from a country where BTC is legit, I think you are enjoying trading bitcoin. But what about the countries where BTC is illegal? Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.

This is sufficient to describe the user's situation when bitcoin became illegal. For difficulties in selling bitcoin, you are forced to use a third party as a gateway such as paypal, or localbitcoins and several other third parties. if we trade as usual we can use the market exchange, there are difficulties when we want to sell bitcoin into our country's currency. Bitcoin is legal in my country and there is even a local exchanger that has a cross-border certification as a business organization, so I can't give you any tips because I don't feel the rules of bitcoin are illegal.

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

Quote from: seramania on August 28, 2020, 02:30:36 AM

in my country trade is free, and it's not against the rules.
maybe in your country you can trade in a quiet way and without the knowledge of many people. this is in order to make you feel safe in trading

same as me in my county it self trade are free even tho there's some government called "BAPPETI" Commodity Futures Trading Regulatory Agency (BAPPEBTI)

What difficulty do you face on trading bitcoin? basically is not rules issue is more likely to be emotional issue Grin

when buy cheap and the market dump so hard that's the main problem

Astvile

sr. member

Activity: 1484

Merit: 276

Selling bitcoin in country that considered bitcoin illegal is pretty easy to be real, there are a lot of websites where you can sell and withdraw funds to your paypal, banks and many more so cashing out and selling it isn't that hard at all. Your country declaring bitcoin as illegal doesn't prevent you from trading it because you can always open websites where you can freely trade bitcoin.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Shohanur on August 28, 2020, 11:57:30 AM

For me, trading fees is very important to me. I think it is a difficulty to my trading as it is hampering my trading. Besides the price of bitcoin isn't stable.

Bitcoin is volatile and it's the attribute of bitcoin all of the time to see that its price is never been stable. And for the trading fees.

Start comparing the fees of good exchanges and land to the exchange where you think the fee is acceptable based on your preference and the likes of your pricing if they have a justifiable fee.

Hemady17

member

Activity: 505

Merit: 35

In terms of legality, I don't problem with it because in my country trading bitcoin is not illegal. In fact, the government is not imposing any rules to avoid bitcoin as long as it is real investment. They are supporting the ease of the citizens to trade and invest. But the problem here is that only few of my countrymen have knowledge in cryptocurrency. And they think that bitcoin is a scam. Well, in my own problem. I think the volatility of bitcoin is my real trading problem. I didn't really know where it will goes up and down. Besides I am not really pro in trading cryptocurrency.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: Shohanur on August 28, 2020, 11:57:30 AM

For me, trading fees is very important to me. I think it is a difficulty to my trading as it is hampering my trading. Besides the price of bitcoin isn't stable.

To be honest, at first I didn't mind these fees since I was focussed on how much profit I can get in a period of time. I didn't know how volatile bitcoin is that I missed a lot of best chances to sell and buy again. Then fees hit me and I started losing some of that to fees. I guess this is also because I am not aware of the volatility of bitcoin.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Dessy88 on August 28, 2020, 01:16:02 PM

Like you, I am a citizen of a country where Bitcoin is considered illegal and there is no right way for me to do business with Bitcoin. There is no secure business so i trade and to sell bitcoin i take help from the website where they have been honestly buying and selling for a long time.
Although i have to work from confidential to crypto but so far i have not encountered any problems.
But one day bitcoin will be legalized in my country.

Just be careful on doing up things because if its considered illegal and when you get caught then you do know the consequences but somehow we are confident on dealing up with crypto due
to anonymity which cant really be easily traced if you are dealing with it secretly and thanks to that even if its banned or illegal into our place but we can still choose to engage with it without
being caught.This is one of the common reasons or problems for those people who do like to deal with crypto but their current countries jurisdiction do really give out that wall which would
really make the citizen hesitate but for those who are dedicated to deal with it then they can opt to bypass without the need of any permission.

Cryptoreflector_666

member

Activity: 728

Merit: 24

Quote from: Dessy88 on August 28, 2020, 01:16:02 PM

Like you, I am a citizen of a country where Bitcoin is considered illegal and there is no right way for me to do business with Bitcoin. There is no secure business so i trade and to sell bitcoin i take help from the website where they have been honestly buying and selling for a long time.
Although i have to work from confidential to crypto but so far i have not encountered any problems.
But one day bitcoin will be legalized in my country.

Bitcoin is legalized in some countries right now and you have the opportunity to get a Bank card of any state where it is located within the law and use it to withdraw funds. For small withdrawals, tax authorities usually do not pay attention to cash withdrawals. In our country so.

Dessy88

full member

Activity: 1050

Merit: 100

Vave.com

Like you, I am a citizen of a country where Bitcoin is considered illegal and there is no right way for me to do business with Bitcoin. There is no secure business so i trade and to sell bitcoin i take help from the website where they have been honestly buying and selling for a long time.
Although i have to work from confidential to crypto but so far i have not encountered any problems.
But one day bitcoin will be legalized in my country.

Shohanur

member

Activity: 251

Merit: 10

BIB Exchange

For me, trading fees is very important to me. I think it is a difficulty to my trading as it is hampering my trading. Besides the price of bitcoin isn't stable.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: seramania on August 28, 2020, 02:30:36 AM

in my country trade is free, and it's not against the rules.
maybe in your country you can trade in a quiet way and without the knowledge of many people. this is in order to make you feel safe in trading

this is what he is doing now because trading is strict in his country . so far he can trade with minimal problems , he can still enjoy that way and there is no big difference to the others where btc trading is not strict . my country is verry legal on these matters but im not into trading , im not enjoying so dont worry . dont be shy on us . my only difficulty is not on restrictions but its about how i handle my bitcoin as i often got confused and tempted on selling my hodlings .

seramania

full member

Activity: 827

Merit: 100

in my country trade is free, and it's not against the rules.
maybe in your country you can trade in a quiet way and without the knowledge of many people. this is in order to make you feel safe in trading

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

Fortunately Bitcoin is legal in my country. However there should be some kind of loophole in the law. It always is. Wink

I don't suggest that you break the law, but find legitimate ways to do it.

Maybe you have a friend in another country who can open a off-shore secret account for you, or use a VPN (although I think that's not legal - you should check with a lawyer). What about opening a company in a country like Estonia which has adopted crypto currencies and purchase Bitcoin in the name of the respective entity.

TrevorS

sr. member

Activity: 1050

Merit: 377

It seems to me that today there are too many ways to trade bitcoin to limit yourself to the limits of the country in which you live. There is the Internet, there are exchanges that do not require KYC, there are cards from other countries that allow you to exchange bitcoin for fiat, there are exchangers that will help you to anonymously exchange bitcoin for fiat. No matter where you are, you can use and trade bitcoin on the web anonymously without any problems.

Topic: What difficulty do you face on trading bitcoin? (Read 819 times)