Altcoins Talks - Cryptocurrency Forum
Further Discussions => Retired Sections => Quarantine & Test Area => Bitcoin Token => Topic started by: kemalramdanu on October 04, 2018, 02:44:12 PM
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Bitcoin trading is different from buying and holding. When you trade Bitcoins, that means you are trying to buy Bitcoins at low prices and sell them at higher prices for relatively short periods of time. Successful business requires knowledge and practice. Trading markets are occupied by very large players who are just waiting for new arrivals and throwing their money away by doing business purposelessly. According to you business bitcoin is how?
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Bitcoin is a cryptocurrency, not a business though many people see it as a real business where they can sell and buy bitcoin for profit. A lot of people are making and losing money with bitcoin business. I see bitcoin business as buying the crypto-coin at low cost, holding to sell at high price to make a good profit
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Due to the innumerable defaults by people, the banks had collapsed and took the money of the population with them. This crisis not only impacted America but many other countries.
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Bitcoin trading is different from buying and holding. When you trade Bitcoins, that means you are trying to buy Bitcoins at low prices and sell them at higher prices for relatively short periods of time. Successful business requires knowledge and practice. Trading markets are occupied by very large players who are just waiting for new arrivals and throwing their money away by doing business purposelessly. According to you business bitcoin is how?
First, you have to know the meaning of the word "Business", and according to Wikipedia, "Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit". Bitcoins business is the same meaning, it just only focus on digital transaction but the same risk, as compared to other forms of businesses.
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Bitcoin is a cryptocurrency, not a business though many people see it as a real business where they can sell and buy bitcoin for profit. A lot of people are making and losing money with bitcoin business. I see bitcoin business as buying the crypto-coin at low cost, holding to sell at high price to make a good profit
While I do agree that Bitcoin is a Cryptocurrency but the reality is that the majority of people treating it as an asset not as a currency, it is sad but it is the truth.
Buying low and sell high is the one simple rule everybody follow in all Cryptocurrency trading, not just with BTC. So yea that is how we make money with BTC buy low and sell high.
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I believe Bitcoin served both, a digital currency and it equally an asset. Bitcoin serves as a currency because it is used in most online stores to buy iterms, while most guys hold it as an asset to make huge profit when it is pump.
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Bitcoin business in my opinion is buying cheap market time and waiting a few months or years to sell it is actually not a business but an investment
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Yes, you have a good point here, Bitcoin business, in my opinion is the act of buying or exchanging Bitcoin with other currency, whether with altoins or with fiats.
Main while, the activity of buying and selling goods and services is termed business.
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Ya many men will say it will not a business that people buying BTC at low prices and selling it in high prices. But i will say it must be a business in crypt industry. If people did not take it as a business BTC can not be a popular in a little time. Big investors also come here when they saw that they will make profit from it. So i will say its also a business.