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One of my friend has invested in bitcoin through some Pakistani agency 6 months ago but I still think that in Pakistan there is no authentic way for crypto trading
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Syed Atif Ali
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trading in cryptocurrency cannot be caught by any govt. as it is toatally an online process and no involvement of hard cash unless u r doing it openly in any office etc. Also u should learn how to trade (buy/sell) cryptocoins rather than just invest and wait for high prices if u want to get real profits
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Not really sure about this news but suggestion is to not invest in any crypto currency.. My younger brother has lost his money in bitcoins. Actually there is no solid base at the backend of bitcoins and if you lost your money you can't report anyone, you can't do anything..
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Can you report and recover loss in stock exchange? Answer is NO
I am not talking about lose due to rate up down. But there are so many hackers n fake websites even thought they look real.. So it is a risk for a new comer that he will b victim of these things
Monitoring bitcoin since i was at 500%...
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Danyal Manzar
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Invest only what you can afford to lose its not illegal
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I have seen this video on bit coin, may be it will help u in understanding of this process and all pros and cons. https://m.facebook.com/story.php?story_fbid=2000203356889945&id=1779549865621963
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Bitcoin is not illegal but operating bitcoin exchange in illegal in Pakistan. Price of bitcoin is still expected to go beyond $10,000 . But its a long term investment and its not for the weak hearted. Bit coin prices will crash in short term but definitely rise in the longer term. Yes there is no real asset backing bitcoin. The prices are purely based on demand and supply. There are limited number of bitcoins that can exist. I live in netherlands So here we have legal exchanges and bitcoin ATM where you can go buy and sell bitcoins . But Again its a long term investment and not like traditional trading. BEst authentic information on how to start on bitcoin is on bitcoin.org . Do lots of reading before you invest. Invest only once you understand the technology . And if you know what you are doing then bitcoin is probably the most safest way to store money , Even large bank are thinking about using the block chain technology .
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Go for Mining, instead of Trade!
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