Henrywrites
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Everything posted by Henrywrites
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Let's say that I have been pretty lucky to have some mentors when it comes to crypto trading as that is one reason that has made me become careful of such incidents. Encountering scam sites is not on our agenda as we focus on the fee legit sites when we are trading.
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Investing in Bitcoin is more like starting up something that is going to bring a whole lot of returns to you. This is the reason that I feel that I can confidently invest such an amount in Bitcoin as long as I am sure that I am going to make more than half of the money in the near future.
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Well, I doubt that the price of Bitcoin is going to fall to an all time low as we have lots of people trading on it. I am looking at that situation where it will rise after some reduction in prices.
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No matter how low that the price gets, what I am pretty sure about is that it is going to sour high as well before the end of the four quarter. We have been there before and seen that Bitcoin is here to stay no matter how low the prices go.
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It is really sad that such is the situation in China as I am yet to see the big threat that coins are bringing to any government and their monetary policies. It is going to be better to have had some restrictions instead of the type of outright ban on cryptocurrencies.
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Anybody here uses Robinhood for trading crypto?
Henrywrites replied to EfficientNinja's topic in Pure Trading
I've made use of coinbase all my trading life and Robinhood looks like a new trading platform to my ears. I think it is nice that they are charging zero cost for transactions as that is one way that you can get more traders to make use of their services. -
This is almost the same way that i approach business for you should have that level where you would decide not to sell no matter what happens. I am optimistic and believes that Bitcoin has got a great future no matter what happens.
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Why does cryptocurrency exchange site doesn't accept fiat currency
Henrywrites replied to Martinsx's topic in Pure Trading
In my opinion, things will only change when the government of many countries come to accept coins as a means of payment. The struggles of cryptocurrencies to exert that sort of authority in the market is something that is making some of the exchange sites to make use of them alone. -
Why does cryptocurrency exchange site doesn't accept fiat currency
Henrywrites replied to Martinsx's topic in Pure Trading
The thing is that they want the use of cryptocurrencies to be rampant and this is the major aim that they have. When you want to get into the exchange platform such as coinbase, you need to come in with buying coins from other people. -
Why does cryptocurrency exchange site doesn't accept fiat currency
Henrywrites replied to Martinsx's topic in Pure Trading
First of all, getting to understand that those cryptocurrency exchange sites ain't made for using fiat currency is one thing that you should know. The reason that they focus on coin such as Bitcoin is to promote it's use by those that wants to be part of the crypto world. -
Lots of Bitcoin have been mined already and this is the reason most of the traders are focusing on making gains by trading instead of having to start mining again. The thing is that when we realize that mining is not all about the amount of time spent to do it, but the huge cost involved, we would see reasons why it is that quiet at the moment.
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The reason behind the denial might simply be to remain safe and for nothing more. We know how some governments are fighting real hard to stop the trade of Bitcoin and that is one big reason we should have to be careful on what we say that we have done.
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Do you see any other coin being as good as Bitcoin?
Henrywrites replied to Henrywrites's topic in General Discussion
You are right about this as I have come to understand that those handling the development of Bitcoin are doing everything daily to ensure that it keeps getting better for those that trade on it which is a nice way to go. I never understand the reason some others are not pushing to get to such level. -
When is the best time to invest in Bitcoin?
Henrywrites replied to Kakashi2020's topic in General Discussion
Investing in Bitcoin at the moment should be the goal of anybody that is looking at making some profits in the future. I mean that we are in that period where you can buy the coin at a cheaper price and sell it at a favorable price in the near future when the price has gone a bit higher. -
Do you see any other coin being as good as Bitcoin?
Henrywrites replied to Henrywrites's topic in General Discussion
My trade partner told me about the Ripple in the past and how it is going to be a coin for the future, but I never took it to be that possible. This progression on the value now makes him right. I'm watching keenly to see how good that they will end the year of 2018. -
Do you see any other coin being as good as Bitcoin?
Henrywrites posted a topic in General Discussion
Right from the moment that Bitcoin was launched in 2009, it has been moving from one level to another and at the moment remains the most traded cryptocurrency in the coins market. This is good news for those that traded on it in the past. On the other hand, we see new coins emerge in the market on a daily basis. Do you see any becoming as good as Bitcoins? -
I have heard lots of sad stories about people losing their investment simply because they traded on the wrong coins. So, I believe that this is one of the reasons that government are doing all they can to ensure that the coins don't bring disjoint in the fund flow in the economy.
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I am never against progress and that is one reason I am looking at what is really going to happen when this one world currency comes into play. How will the exchange rate be and it's acceptance among nations is amazing as well.
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I have no doubts on the future of coins as a time is coming when it is those that are wishing for the downfall of Bitcoin will end up buying more of it as it is really a great way that we can get to store our wealth. This can be seen as some government are now looking at buying the coins through some agents aa well.