Now everyone is investing heavily on Bitcoin. But can anyone hack this Bitakayena? If Bitcoin means hacks, then there will be a lot of damage. Where is Bitcoin's hidden security?
Bitcoin is hackable so let's just be careful on keeping our account log in or sharing our passwords to others. We better to install applications that strengthen the security or password of your Bitcoin transactions most specially in withdrawing money. |
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These days the bitcoin prices are rising and falling over 1000$ in just minutes and have become highly unpredictable way more than before.
Does this make trading more difficult right now?
Yes, it becomes more difficult because of the price that don't increase much. We just really need to just hold and be patient for the best time to sell. If the price decreasing just don't be discourage about it but instead take this as opportunity to invest additional Bitcoin and hold. Goodluck in trading! |
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I just created this thread to gather opinions ..
Ethereum is next to BTC?
Based on the volume and demands of millions of people around the world, Bitcoin is still the best among crypto currencies. Bitcoin is the mother of all altcoins so I think it will take many years or maybe impossible to surpass the achievements of Bitcoin. However, both Bitcoin and Ethereum can consider to place or invest our money because they both have good performance in digital currency world. |
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Is it a good buying price for bitcoin?Might cross-border activity often lead to better demand for bitcoin?So bitcoin will do better in the second half of the year.What do you think?
The Bitcoin price is still low so you better to buy now and hold until the price goes up again. Don't be discourage about the dips but instead take this time as opportunity to buy more Bitcoin and then hold. This was also happened last year so it might happen even more higher this year. |
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I am not disappointed in trading cause of I have not ever tried to trade. That's high risk system especially with bitcoin, cause if bitcoin hasn't any kind of support and who knows what is going to be with bitcoin tomorrow. I prefer to make money the old basic way by doing some work and getting payment for it.
But if you compare the risks of Bitcoin trading with the risk of the stock market, I think the risk-reward ratio is much better for Bitcoin. The important step that must be respected is to not invest more than ten percent of your capital into it, and have good sources of information to try to predict changes in the market. I am a bit disappointed because the price looks like ups and downs and looks like not increasing much. However, I really need to be patient and don't panic about dips because if I do, I will suffer losses from trading. So, I need to be patient and wait for the price to become bullish someday and I believe that will happen too soon. |
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In recent months, the market has dropped a lot. Many people's portfolios have fallen by 50 percent, and the answer is basically waiting.
We can sell it at a higher price and buy when it goes down.
I think we'll lose a little bit less, better than nothing.
We all know the price is still low and looks like passive in price trending however we really need to just hold because if you withdraw your existing coins lower than your acquisition, then you will incur loss. So we better to be patient and wait for the best tike to sell and earn income that you have desired. |
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Nowadays many people are starting to invest money on bitcoin or the buy bitcoin..is this a good approach?
How this will influence us in future?
Bitcoin is a game changes wherein we can use it to trade in digital currency world and might change our lives big time. Trading in Bitcoin is so easy and can invest anytime and anywhere you like. All of us will learn to save money and to become aware our our money we have of what should we need to do to make it grow. Bitcoin helped us to save and earn income by investing. So in my case, some of my savings are in Bitcoin trading and waiting for the best time to increase the price and sell. |
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Today i was just thinking about Bitcoin and its total contribution in world's economy. Let's calculate it. Assume Bitcoin price - 8,925 USD According to coinDesk Supply of total bitcoin yet = 16,937,088 Total value of bitcoin till now approx -$0.152 Trillion According https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.htmlTotal World income is 280 trillion USD Total bitcoin contribution to world income 0.054% Here i am just talked about One crypto asset Bitcoin but can you imagine others coin ETH, LTC, DASH etc. Share your view on it. Bitcoin is really a game changer that will change our lives and our nations if we will use the benefits of it. It will reduced the poverty rate if we will raise the awareness of trading in digital currency will gives us income and might change our lives better and easier. The Government might implement tax to the income from digital currency but I think it will take time to study about it. Don't worry about tax because all of us will get benefit from it like our security and protection. |
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I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.
Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.
In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.
What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?
Crypto will last forever if all of us will invest and use it as part of our daily lives. I believe that because this is our future and we really need to cope up with it so that we are updated on what is 'in' in our era. Let's just be positive in using Bitcoin so that many of us will get benefit from it because the price or demands might rise up if we all hear the benefit of using Bitcoin. |
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Currently I own a lot of altcoin, I bought them at ico. My account is being downgraded several times. There are many people who say bitcoin will continue to decrease, so altcoin prices also decreased compared to USDT. So now, should I sell them and wait for the price to buy back? Give me advice  In my opinion, since the price keeps on decreasing the best thing to do is to just hold and be patient until the price will rise up again. Don't get panic about the dips because that is normal. Your investments will totally ruin if you will sell it below the original price you bought it. Just be patient and wait for the best thing to happen soon. |
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I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?
Stability of Bitcoin and other crypto currencies will show how strong that are in the market. When we notice that kind of stability, it indicates that Bitcoin is too big to lose no matter what happen in the economy even if it's negative. We can also see it looks like passive investments but it is stable as well. I believe that Bitcoin will rise up soon and let's just be patient to wait for the best time to sell. Dips are normal in trading so don't get panic if prices are going down. |
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Bitcoin is too big to lose so please stop spreading the negative news because it will affect the price of Bitcoin and also many investor will not invest in to it and might afraid to try in trading in digital currency. We all know that there are so many dips these past few months but don't get panic about it because we are in the season of call accumulation so the effect is decrease in price. Let's just be patient for the best time and I know that Bitcoin will rise up soon. |
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Have lost so much money on coins that doesn't work well for me. My flaws are I'm impatient and ignorant this maybe a good time to find some insight and good answers on how to get better
Don't lose hope. It's only just a beginning and preparing for the best to happen. Just don't panic if prices goes down but be calm because dips are normal in trading in digital currency world. Just stick to basic and effective stragey, Buy Low and Sell High, you can never go wrong about it. |
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What is your view about lending coin?
Bitconnect, Hextracoin, Regalcoin, Firstcoin and many more.
I just see profit from lending, where is that profit from?
Lending a money might result to destruction. For me, as much as possible I will not lend to the borrower and better you just give that coins so that both of you may avoid fight if worse comes to worst. Anything that involves money it might result to negative outcome so let's try to avoid it. |
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Can you buy a house with BTC? Yes! All you need is a buyer with coins and a seller that will accept them. The value of the transaction is as of the date of the contract, when the coins change hands.
Yes, that is possible and of course it depends to the seller if he/she is willing to accept Bitcoin as mode of payment. If not, you may encash that Bitcoin and give that physical cash to the buyer. Anything we can do in Bitcoin for as long as is is very clear to the buyer. |
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"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
For me the most fearest thing is legalisation of bitcoin in my country , Since I am from India so I can understand very well that how much we are facing the problem of legalisation of bitcoin in my country India . Here government of India is not open about cryptourrency , they are not going for the fully legalisation and also they are not going for the ban . But opposite of this they are trying to stop bitcoiners to use cryptourrency by making new new rules over the banking sector authorities . So a type of confusion is working for me and in my mind and I don't think that is perfect for me to have mentilty and positivity to create trust with bitcoin . Hope government of India may give the perfect and clear descion about cryptourrency and allow people to use bitcoin directly without much limitations. My greatest fear as Bitcoin holder is when Bitcoin stops increasing its price or the trends looks like stable and very impossible to become bullish. Also, I become discourage if I heard the news about banning Bitcoin in some countries. With that, it really affects the increase of Bitcoin and many investors will not invest their capital to digital currency. But I am still hoping and believing that Bitcoin will bounce back again to its highest price so I will be patient for that to happen. |
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I just read on Btcjam blog that they are closing down: https://blog.btcjam.com/2017/05/25/btcjam-is-closing/, now I am just wondering if big players in thebitcoin industry are closing down, is there any future for bitcoin really. I came to know about bitcoin through btcjam when i was introduced there to borrow. Eve in this forum, looks most signature campaigns might close down because of the ever rising price of bitcoin. Most of them have reduced their payout amounts for posting by more than 50%. Is this a good sign or a bad sign for the bitcoin development? Bitcoin is our future and really a game changer in our era wherein we can use Bitcoin to buy some stuff thru online that has no fee and hassle free. Also, it can be used to trade in digital currency world wherein you can earn extra income. We all know the price is still low for now but that will not last for a long term. Let's just be patient to wait until the price will rise up again even more. |
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I was wondering which one was your favorite out of the two cryptocurrencies? I think Ethereum has proved to be more flexible than Bitcoin even though Bitcoin is making the biggest noise
In my opinion, Bitcoin is still the best among crypto currencies because Bitcoin is the mother of them all. There's always a domino effect to other coins if Bitcoin is either increasing or decreasing. Bitcoin is too big to lose and has the large amount and highest volume of investors as compared from other altcoins. |
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Do you think Bitcoin can help out of school youth to finish their studies or not?
For me in some other way yes it will help . It will help young people to gain insight on how to earn money and how to value the money they earn. But it may also be the reason to them for not continuing their studies because they earn already a lot of money on bitcoin..
Bitcoin is really a good investment and earn extra income and it may help you in daily expenses or can save money for the future. This can help out of school youth to invest and value the money they have and might have a right mind set to invest and earn extra income than spending it right away. Bitcoin might reduce the poverty rate and we should raise awareness the benefits of trading Bitcoin in digital currency so that their money will rollover and gain profit. |
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It is quite obvious that you should have some education in order to start trading but for some reason this forum is one of the main things that mislead the beginers. I remember myself a while ago asking about crypto trading, the most popular advise wassomething like "Just fund your exchange account and start trading, you will get experience. No shit".
Just imho we should have a thread with basics of technical analysis and some information about crypto trading / investing pinned on this board.
Right ! But I think you are wrong saying that this forum is the main thibgs that mislead the beginners, its just up to you if you really have that education you wont do that unless you have the basic knowledge in trading which is performing a technical analysis. Trading is not for you if you just can read and never understand the things you read and specially you have to had the skill in before you can trade. In my opinion, for as long as you have the guts to invest, why not! You don't need to know everything about Bitcoin just the basic will do. Basic rules are buy low and sell high as effective strategy in trading. Maybe at first you will get lost about trading but in the long run you will learn from your past mistakes. Experience is the best teacher so for me just invest your money to Bitcoin will do in fact, there's nothing in investments. |
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