Topic: What difficulty do you face on trading bitcoin? - page 2. (Read 819 times)
Well, I am part of the lucky one as BTC and other digital assets is not illegal. If you have built a network of trust, you have reduced your issue to a bearest minimum, the only obstacle is if they are willing to buy when you needed to cash out.
the difficulty is less predict the market, because the current price of bitcoin is easy to increase and decrease quickly. This is something that will probably make a lot of losses for junior traders, so you still have to do a lot of learning
You will be able to trade on local market. In country wise, you will find a lot of people however it legal or illegal in your country.
difficulty determining the market and predicting the market for bitcoin prices, because we know that the bitcoin market is very difficult to predict and can immediately go up and immediately fall. So I think only professional traders can do market analysis to deal with bitcoin trading difficulties.
This is a skill and not everyone would be able to time the market. Timing should not be done, infact one should be able to get the direction of the market and place the trades. This will give the profits more times than losses. Once people learn and get some experience then will be able to make some money from trading as well.
I face no difficulties at all. To be honest the only difficulty that I'm able to mention is the struggle to avoid centralized exchanges and either trade in person or using dex or semi dex platforms. Lately my favourite way of exchanging has been a physical currency exchange where you can simply come with your wallet, pay, wait for 1 confirmation and get cash. Since one bank gave me a warning for receiving money from a crypto exchange, I'm staying as far from them as I can. Fun fact, Bitcoin is legal here, but they can still deny you services if they're against cryptocurrencies for whatever reason.
As an Indian its been so easy to trade bitcoins here and mostly people uses LBC and wazirx for trading bitcoin with fiat INR, banks had restrictions in the past due to RBI's action but now it was cancelled by the supreme country.But in future the trading cryptos may get more difficult in our country in a law is in the pending status to make cryptos completely Illegal.
In my country, when I started in 2017, then it was illegal, but at present there is no problem for trading or earning. It is perfect to do anything in our country. I am happy to trade but hopefull, the price of btc may increase more and more very soon.
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.
I think anyone that’s living in a country where Bitcoin is illegal will only be able to trade through decentralized exchanges, because centralized exchanges wouldn’t be functioning in a country where the laws are not in favor of cryptocurrency. Your government can only look into your activities when there are centralized exchanges, or maybe you’re caught and your phone is check and they find something that relates to that.As for with decentralized exchanges, nobody knows what’s you’re up to, you can as well make use of some IP masking services to clean your track. Overall, I am getting used to trade bitcoins comfortably within all the limitations I am experiencing. I guess a new comer may quit bitcoin if they face all my limitations on their beginning days itself. But, I am into bitcoins for more than five years and I started trading bitcoin only for last 2 years and before that I was studying and watching all the bitcoin related things with respect to my country and with all my available resources for trading bitcoins.
In my country bitcoin is not recognized, the transaction to exchange cryptocurrency for fiat money or vice versa is between people, there are many people trading USD to fiat, find reputable people and long-term deals
difficulty determining the market and predicting the market for bitcoin prices, because we know that the bitcoin market is very difficult to predict and can immediately go up and immediately fall. So I think only professional traders can do market analysis to deal with bitcoin trading difficulties.
I don't agree with you. An ordinary user who has been studying the topic of trade analysis for at least a couple of months can also predict the market movement with a high probability. It is not necessary that only those who have been doing this for several years will know all the pitfalls. A lot of information is collected on the Internet on this issue and if you have enough motivation then everything will work out. 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.
Yea, this is very problematic as i am also facing this problem as BTC transaction is illegal by our government. But we can not stay home where worldwide doing business legally or illegally. We also made some community where we can sell our BTC or alt coin and basically i do not believe on any 3rd party online payment because as my country illegal so if the site take away my money or BTC i can not do anything against the site. So better we sell to local community and take instant money
thanks.
difficulty determining the market and predicting the market for bitcoin prices, because we know that the bitcoin market is very difficult to predict and can immediately go up and immediately fall. So I think only professional traders can do market analysis to deal with bitcoin trading difficulties.
I think if you really dedicated to trading or investing in bitcoin their are always some ways since its bitcoin cannot really fully banned in one country.
Luckily it's not banned in my country and probably bitcoin has a bad image in my country because it is used in some illegal scam activities, but still, as long as you understand bitcoin you still going to invest in it.
Although bitcoin has a bad image to be used for some illegal activities, bitcoin still be used for a good thing, so I think it makes bitcoin position is on a grey side. Luckily it's not banned in my country and probably bitcoin has a bad image in my country because it is used in some illegal scam activities, but still, as long as you understand bitcoin you still going to invest in it.
Trading bitcoin itself needs more time to understand how to trade with good, and we can not imagine that we will have a high skill in a short time. No pain, no gain.
But the biggest difficulty that we always face is when we already analyze and buy bitcoin, but suddenly, the price drops without we can predict. That makes some of us who already buy bitcoin will be panic, and confuse to determine the next step that we need to do.
Do you have any such way to trade bitcoin securely? I would love to hear the experiences, difficulty you faced/faces.
Not being greedy is the safest way to trade Bitcoin. As for the difficulties faced when trading Bitcoin is anxiety itself. Anxiety when trading for me really affects my mental when making decisions. This anxiety causes me to think negatively such as "Will I have anything to lose?" or "Will I lose assets". that is the difficulty for me personally when trading.And besides feeling anxious when trading, my ability to manage my portfolio is another problem. Even though I have been trading for years, I still can't make a good portfolio.
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.
I think if you really dedicated to trading or investing in bitcoin their are always some ways since its bitcoin cannot really fully banned in one country.
Luckily it's not banned in my country and probably bitcoin has a bad image in my country because it is used in some illegal scam activities, but still, as long as you understand bitcoin you still going to invest in it.
Well bitcoin trading is difficult if it is all about day trade. No one can expect earnings on it because day trade for me.is not really that profitable because of unpredictable market value of bitcoin. However, short term trading will do. You ca sell bitcoin whenever there is a slight increase in the market price of bitcoin and when it suddenly drop then buying again would do great. But if it going to go.high then the pressure will be on decidong whether to buy bitcoin again or not.
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.
Me too, my country hasn't yet legalize the crypto currency and that makes me having a hard time when I am cashing out my coins but I have a lot of friends who is also doing it and they are always advising me what to do so that I don't get caught and my job in crypto currency won't taken away from. The most common thing they are always saying to me is to use VPN so that we can fake the place where we are making transaction and it will also make the country doesn't found out about us. 
Good thing that we have no legality issues when it comes to Bitcoin usage so the first problem that can be a hindrance for me to trade Bitcoin is already eliminated. When it comes to trading Bitcoin, well of course you do need to have funds which supposedly your own fund and not other people's fund to avoid conflict when time comes that you are failing to gain profits on doing trades. That was the first problem I have faced when I am deciding to trade with Bitcoin on when I must get first funds so I do other crypto related works to gain funds. Next, is on how would I do a successful trade, that was the next problem I have faced knowing the price of Bitcoin is really volatile which makes it a difficult task for me to understand first how trading works. So I did observe, learn to interpret charts and other related stuffs that could help me to understand trading and that is when I already learn and have a good fortune on doing trades
Those things are beyond the past when I am just starting my trading journey. Yes it have gone a long process but it is the best way to do it. Learn first before engaging to avoid doing fail trades and just keep up on doing successful trades to gain profit.
Those things are beyond the past when I am just starting my trading journey. Yes it have gone a long process but it is the best way to do it. Learn first before engaging to avoid doing fail trades and just keep up on doing successful trades to gain profit.
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.
The most secure way to trade is with a VPN. By changing this address, you are changing the country in which you are located and the provider cannot determine your location. Also, I would not spread information among your friends and acquaintances that you are trading bitcoins. If you follow these two simple rules, then there should be no problems. 
money difficulties, and how can set the best bitcoin rate, because the movement of bitcoin today and the next day, even this hour and the next hour is different. so I think maybe we should try to be more patient and try to be smart at analyzing price movements in trading
That's the best tool, having enough patience will keep you to stay from this investment. This volatile movements are really hard to predict
You need to have a good anticipation and observation skills to make things works favoring your position.
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In the same way, I am from a country that is not illegal Bitcoin, but as they have already said before, P2P exchanges, and an excellent one like Hodlodl, I think it is excellent, you also have the option through a friend who does the exchange and deposit it to your bank account, it is an easy way to have the fiat money.
That works if you really trust your friends, it will quicken the process and you'll not be risking much.
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