Hi there bossloccox! I get your point. There are saying that, in order to land in a job you want, you need an experience in it. But how come have an experience if there are even no curriculum about bitcoin. So, if you want an actual job in cryptocurrency, I think you should be first establish your reputation, profile or portfolio in several website or trading platforms. That could be your job experience and an stepping stone to land in one of the huge company that focuses on cryptocurrencies. |
|
|
|
6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.
1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security
I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.
Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.
Hi there mhsingh! Those things are great pointer and tip to those who are just starting to invest their time, effort and money into bitcoins. The first one is very eye opening, but I hope that should be not the only reason why people invested in bitcoins. People should have invested in, not just for profit but also to promote the use of bitcoin, help the community to solve currency problems thru bitcoin. Even though cold storage is good, there could be disadvantages of it. I still have my trust in the online wallet provided by the reputable companies. |
|
|
|
Digital currency is to change the world, many of which were positive, to a certain extent, they pose a containment of the government, gave the people an alternative, but that doesn't mean they don't need to be regulated.
One of the core reason is: anonymous, do not track, not regulated digital currency will make form a closed loop technology crime, money laundering and terrorist, and disappear from unsolved bits, bytes, while the impact damage with each person in this world.
If every penny of extortion is tracked, is there enough motivation and courage to launch a WannaCry to attack the world?
Hi there lantan81383628! I think you didnt fully understand the blockchain technology. In deed, the bitcoin that run thru the system is anonymous. But it doesn't mean that it is not traceable. There are even notion that, the blockchain technology is so transparent that even terrorist cant hide their transactions and it is not undoable or deletable. One of the problem maybe is that each address can't hardly be linked to a person specially if you dont have access to the wallet company. Thus, the government issue a policy to require each account holder of these cryptocurrency wallet company to require a valid address and personal verification to prevent such illegal activities. |
|
|
|
It is very sad to say that a technology like this would come to a big tragedy
Bitcoin has the potential to be great but it has become a weapon of Greed
The real use of bitcoin as a payment system is just a fantasy
But what happens in reality, it is just a pump and dump coin like the rest
The only coin that is using blockchain technology the right way is USDT or Tether
most other coins are just scams and not meant for adaptability
A currency is something that can be used for daily basis rather than just an investment
majority of people who buy bitcoin is just for investment and not used as a payment itself
Never the less
HAIL HYDRA!
Hi there angelaurum! First of all, do you belong to those terrorist? I hope not, because I will not believe what you are saying. Specially that you are opting bitcoin as oppose to Tether. That alt coins is much more intriguing that it is used to be. There are issues with that alts which could be found here https://cointelegraph.com/news/controversial-tether-issues-300-mln-in-new-tokens-critics-react and here https://www.investopedia.com/news/tether-issues-300-million-worth-new-coins/ . It could even the main reason why most of the trader is pumping up bitcoin. They are backed by usdt which then resulted to a more agressive move. It even the reason why sometime the price of bitcoin move up rather than to stale. Anyway, I am not opposing tether, I just want to you to think twice what your opinion should be. |
|
|
|
Hi there AlexanderPetrex! Let me guide you by telling this. Market correction is not a bad thing, it is a good thing. Once the bitcoin adjusted to its new value, people will then flock in ti buy more of it. Since the price is concrete enough to fail again. But sometime, there are people who love when the bitcoin price swing a lot. It gave them an opportunity to sell when high for a couple of minuet and eventually buy once the rage is complete. BTW, your link is pointing to an alt coin which is ripple and not bitcoin. Sometimes, the price swing of alts do not go with same as the price of bitcoin. |
|
|
|
If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.
Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.
Hi there First77! There ase simple answer to your complex question. First, you can't compare the income of bitcoin to silver and gold. It is because there are no bots that instatly trade your silver and gold to earn money in a couple of hours. Additionally, there are holding time in trading those commodities. while you can instantly buy and sell bitcoin within a minuet. Second, even though the return of investment in silver and gold could be much more higher than bitcoin, bitcoin have a much more price volatility among those, which if you have ride it all along could mean a much more greater income. |
|
|
|
Bitcoin is old, outdated, slow and uses too much energy. The price will soon be brought down to a level where miners will abandon it. Prices will continue to be kept lower due to CME futures.
Hi there Lucky7btc! Does you Bye bye is telling that you are now ready to leave the world? I could offer you my btc address if you will may. But if you are willing to cash it all out and bought another cryptocurrency, you are making some bad decision. And again, I could bought your bitcoins in a considerable price if you may. I think the CME futures are not the only one to blame of. Just think of, there are lot of people who obtain bitcoin that are now willing to sell and not buying more. There should be another millions of people that will gain interest in bitcoin and start to buy it again. Once the purchasing power climb the bitcoin price will also go along and skyrocketed. |
|
|
|
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Hi there shield132! I think they won't do that amazing things. Banks were pretty close minded in terms of currency deposit. There are even banks that do not accept foreign currency which is a legal and official money from another country. What more if it in terms of bitcoin. One of the key problem of bank in terms of different currency is the forex. They can't simply accept and sell particular currency especially if that is not popular. I have experience something like converting my fiat to another currency or depositing another currency to my bank account. They could simply denied your request and telling that they are currently no facilities to manage those. |
|
|
|
What blogs or channels do you prefer most when you need to get knowledge about crypto, wallets and crypto market? Just found hacker noon on medium and CCN website:) Can you share more?
Hi there IsaakPooo! There are lots of way to that. First, you could just simple browse here in the forum for other similar questions with answer. Second, you could read books related to cryptocurrencies try blockchain revolution by tapscott or cryptocurrency beginers bibble by satoshi. I bet you would like those book and become helpful to you just what it did to me. Lastly, you could try online courses that are mostly a video tutorial of other guys experiences. You could try udemy or coursera, but be sure to read the content first before you subscribe and pay. I hope it helps! |
|
|
|
I would like to know if cryptocurrency will replace fiat money in the future, also if so how long it will likely take. Also, I would like to know which coin you think would take over if one will. (E.G. Dogecoin, BTG, LTC, XMR)
Hi there 1inside1! This is a long debate, and there are lots of opinion going on about this issue. At the moment, it is still not possible. But most of us do hope that someday it could be realized and came true. But I think, fiat cant' be replace by just like that. Bitcoin needs to be considered as a form of a legal tender before anything else. Once it happened, the community should use their bitcoin frequently at any time and any where to go along with the fiat. And when it become successful, that could go beyond to what fiat could do and it will eventually could replace the fiat. |
|
|
|
Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
Hi there mikki14! First and foremost is it really a bank you are referring? That is ridiculous, I have never seen a bank something like that. Another thing is, why do they need to monitor your money. I think they are invading your privacy. Even though you have account in them, there is what they called bank secrecy code. They are not authorized to simply browse each account and check its balance and offer the investment to those who can afford it. Additionally, I think that is not a true bank at all. No bank could risk your money in full 100%. |
|
|
|
Hi there laiwujob! That is a good job, all currency in one single page. I am not a website designer but it seems that the ads in the top part are so annoying. I knew that those ads are your source of income that power the website itself. But a website which is somewhat seems over populated by an ads couldn't establish a concrete trust. I have double checked some of the price and it's accuracy is almost 100%. It could be more attractive if the ads is inserted in each conversion but remain simple enough in the top most part. |
|
|
|
Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
Hi there letzdodiz! Do you knew that there is also a dot com bubble? Long before people bought tulips in an incredibly fast paced price after it pops, the tulips are still sold in the stores. What followed is the dont com bubble, which is thousand of people flocking together to get their domain name, setup their servers. Unfortunately the bubble pop and still there are company which remain standing despite the tragedy. That could also happen to bitcoin, but since bitcoin is the most established currency, I thought bitcoin will never be gone. |
|
|
|
I like taxi. I think this is a good idea. I hope in my city also accept bitcoin. because everyday I use taxi.
Hi there Ibrahim60! That is a good idea, only if the transaction speed could be almost an instant. Imagine if you are in a hurry, and of course you will pay your taxi driver when the meter stops or when you reach your destination. Then you pay him in bitcoins and it requires three confirmation to finish the whole payment transaction. The taxi driver will not allow you to just jump out if the transaction is not fully confirmed. That taxi payment could be applicable if you will pay first your taxi driver given the exact destination so while on your way, the transaction confirmation is still on its way. |
|
|
|
Hi there! I just need your advice. I invested the money instead of paying my school fees. Yeah, i know this is wrong because education is more important to us and it can't be stealed from us, i'm still studying but my fees will be doubled on the next payment. But i believe this will end a good result. What do you think about this ? Your advice will be highly appreciated. Thanks!
Hi there yonghaseo! M advice is to pay your school fees and use your allowance to buy bitcoins. Why sacrificing your education if you could earn a degree while earning bitcoins. The key is don't rush, you are still young and have a plenty of time to generate and acquire income from your education and in bitcoin. Here's the thing, if bitcoin price drop in a long run, you don't have money and you don't have a degree. But when you are currently enrolled and just allotting your allowance to bitcoin, if bitcoin price drops, your degree is still at your back. Sooner or later you could land in a job that could earn more money that can be invested in bitcoins. |
|
|
|
Hi there Compiler! When the internet begun in the 90s there are lot of people that are telling that it is not good. It could even have more risk than benefit because hackers could easily break in to your computer that is connected to the internet. Additionally, there are sites that have been setup to promote illegal activities, pornography and buying and selling of illegal stuffs like drugs got their opportunity due to the internet. But imagine, why is it there are more people still use the internet. That is synonymous with the cryptocurrencies, there could be more risk but there could even be more benefits in the long run. |
|
|
|
Bitcoin can change our future, our way of consuming, voting, sharing, working...
But its logo is attached to symbols of the past. BTC
Why the ₿ should look like the $,€ or ¥, while Bitcoin wants to change our economic model ?
Maybe to change the system, Bitcoin have to change its Logo ?
Hi there Logo-coin! Do changing the logo will change something? Yes indeed the currency logo should be unique so that it could easily be distinguished by many. However, changing the logo at the current state of bitcoin will confuse most of its user and new user. Logo marks as the iconic tool or a mark that defines everything. But it doesn't mean that a logo should be the first letter of the currency like yen, euro and others. Dollars even use the letter S which is the last letter of the word dollars, but missing in the word dollar. Bitcoin on the other hand, uses a quite similar way to other using the first letter and changing that will be a lot of confusion and expenses. |
|
|
|
I really wonder to some people who think bitcoin is a ponzi scheme. It has made so many people rich and doing better till now.
But I don't understand the reason behind this type of thought?
Hi there ClaytonLWils! The just not think of it as a ponzi, there are true company who use bitcoin as ponzi. What just happened is the bad things seems truthful than the real thing. That is a human instinct, even a good person who dedicated his live for years of good doing, if even for a day of wrong action. People will eventually judge him as a bad person. The same thing happened to bitcoin. But the truth is, most of the transaction in the early days of bitcoin fall under illegal activities, and there are a lot of company who took advantage of it to earn more by conducting illegal schemes. |
|
|
|
Silly question right?  Unless there is a backup method or heritage system it obviously vanishes for eternity, but the point was to discover methods that you are aware for avoiding such risks. Well, it's not a risk, it's a certainty, but there are other risks of losing access to the crypto account aswell. Some like: * death... obviously * house burns down along with hard wallet * one can accidently loose his cold storage or hard wallet * maybe other you figure out and I add them So, what storage do you use to ensure your savings, or what do you think would be the best solution to overcome these risks? UPDATE: I started this discusion because I can't see a decentralized solution for that, most of the centralized ones are largely known (wills at layers, online wallets and so on) but do not meet the security criteria as still imply a trusted party. Better simply handover the private key directly to the inheritant IMO. What I want to determine is if it IS realy a concern for the comunity or not, and if yes than we can contribute all together to the creation of a such product. But again I realy do think it should be built decentralized and trustless. Hi there runCRYPTOrun! I think you are the fourth use who have ask the same, but you have a detailed and layered question than theirs. Let us step back and see it in the traditional way. If someone have a bank account and that person die, the bank don't have prior information about that. On that time, relatives that knew the process and have been able to withdraw should do it quickly. If the bank got the information, it could still hold the account for a several months. Since banks are regulated, the money that is untouched could go directly to the government only if no one claim for it and no one is authorized or beneficiary of the accounts. In terms of bitcoin or cryptocurrency, since it is not regulated, I believe that the coins will remain on that account. But again, if the wallet provider knew that the account is not active and no way other people could access it. Thus, they could then claim it for their company. |
|
|
|
Hi, have you ever thought this? You know that, to import a wallet you need the private key or your seed. Taking as example the private key (the 52 letters key). It could exist the possibility someone create a software whose function was to try thousands of times to find the private key till it is be done.This would be like the process to find the new block in mining, anyway you can try the times you want in order to find it. I think this could be a weakness, correct me if I am wrong. Or comment if you have a kind of solution for this... Regards! Hi there electrobit! I have thought for it a long time ago, but i believe that it is still not possible given the amount of computing power people could use. But for those hacker that could tap in to a large botnet, I think that could be possible but with a longer period of time. There are people in the meta posting that their wallet were been hacked and the funds is transferred to another account. There could be reasons why those things happen, the first that i think of is the private keys were not stored in a proper place thus hackers have access it. The second one is the vanity addresses, some say it is not secure but some say it is secure. |
|
|
|
|
Show Posts
