Yes be very careful of bought/ sold account. Look for large gaps where that account was not making posts, or making more posts in an attempt to get their rank higher. Look at the language in their posts. Does it sound like the same person, or does their writing style and post topics change at a certain point? Have them sign a message to prove they own that Bitcoin address.
Accounts are bought and sold all the time, and there are definitely people who will use an old account that was bought or hacked to pull an exit scam.
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Yes trading and some smart investments can make you some profit, but, as pointed out by other comments, one of the best ways is to do your normal job and convert a little bit of your pay to Bitcoin.
Even making small adjustments can be a huge difference. Buy one less beer when you go out to the bar, make your lunch and bring it to work instead of buying fast food, make coffee at home instead of buying it at Starbucks, do things like this every week. You will save $20-50 each week easily. Invest that money into Bitcoin and by the end of the year you will be surprised how much your investment has grown.
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If you want to "get rich" you need to be looking at Alt-coins, as well. Bitcoin is not going to reach $60,000 soon, or maybe ever. So the days of getting a 100x return on your money are over. It may not happen ever again. But there is a small chance that you can invest in the right startup and hit it big. If you, for example, invested $10,000 in Monero the first week it was out, and sold a month ago when it was at an ATH, you could have easily made that sort of profit. Do your research, find a coin that has solid developers with long term plans and HODL. Or get lucky on a pump and dump LOL.
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Yeah that quote pretty much sums it up perfectly. We got a lot of hype from the darknet adoption, but now people are realizing that most vendors are still not accepting it. For what reason, I don't know. If I was mailing Fentanyl to people, I would do everything possible to prevent myself from ending up in prison when they died of an overdose. I'm guessing most of the dealers don't actually realize how easy it would be to track them through Bitcoin addresses.
Anyway, I'm actually really surprised XMR went below 0.01 I figured that was the bottom. (A psychological thing. But nothing about Bitcoin or Altcoins seems logical I guess.)
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I think for most people, using a few addresses is fine. You can set one for storage, and a couple that you use to send coins in and out of.
The main reason to use only one address would be a charity taking donations or something like that. You would want to promote the address and not have to change it every time you posted on a site or document.
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How long before one of the Ethereum developers is found dead with a gunshot wound to the back of the head? Because I'm pretty sure thats the only way this coin could have more drama at this point.
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LOL the more I read about Zcash the more suspicious I am. No one from outside the development team has reviewed the crypto? Relying on a "trusted setup" from the start? If there is a bug someone can make infinite coins and no one will ever know? This is the exact type of setup someone like the NSA or other government agencies would backdoor.
I still need to do some more reading on Monero but it seems like the superior technology from everything I've read.
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I actually think either ETH or ETC will have some gains soon, but I'm not sure which. I need to do more research because there is a lot of news about both recently, which usually turns into a lot of trading volume. Someone is going to make a lot of money off one of these coins in the next few weeks.
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Where was that chart posted? I don't post on many other Bitcoin/ Altcoin sites besides this one, but if I can get some suggestions where to look, I'll definitely help in digging for some information on any groups/ coins that may be getting pumped.
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I got my first payment for mining burst yesterday. Only about 25 coins, but I only have a very small hard drive set up right now.
Burst is definitely very interesting. I actually hope one of these alternative mining methods catches on. It's good to have competition and innovation when it comes to cryptocurrencies. We should definitely be exploring "green" mining methods since not everyone can build a huge ASIC mining farm in China. Low power mining would open up a lot of new possibilities.
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Not sure where you are living, but in most of the countries Bitcoin is not seen as "something illegal". Don't forget that Bitcoin is money. If you steal money, then it's of course illegal. So in that case, if you steal Bitcoin, then it's illegal.
But do most countries actually have laws that declare Bitcoin as currency? If you called the police and told them "Someone stole my Bitcoins", 99.9% of them would have no idea what you were talking about. If you were lucky you might be able to get in touch with someone who investigates hacking and other cybercrimes, but I wouldn't hold my breath.
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I'll tell anyone a tip to make Bitcoins. Just send me $5 in Bitcoin to: 1QBFfxcpBSvzvtTFwu2uRV71Y3ENSV5oG4
and I'll tell you the secret LOL. Kappa face no space.
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Any crypto coin besides Bitcoin. Ethereum, Monero, Litecoin etc are the popular alt-coins, then you have the hundreds of shitcoins that are mined, pumped and dumped on exchanges in some Ponzi schemes to defraud newbies of their Bitcoin.
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Lets be honest. Until transaction times are under a minute, Bitcoin will never get widespread adoption for anything besides transactions on the web. No one is going to wait 30 minutes to take their goods when they can use a credit card and get instant confirmation. And most shop owners are not going to accept the risk of letting someone leave with goods before the payment is confirmed.
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Coinbase, Cex.io, Circle and some other companies may allow you to buy some Bitcoins with a credit card. But on a lot of sites you have to upload your ID or confirm your identity somehow before you can buy.
Also pay attention to terms of service, because many of these sites will freeze your account if you violate their terms.
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Obviously if you can predict the rise and drops in the market you can make money, but, as pointed out, there are people selling Bitcoin for way more than they are worth on Paxful, Localbitcoins, etc.
It all depends on your strategy. Some people buy and HODL, some people buy and trade altcoins, there are many strategies. In order to make a profit you need to find what works best for you.
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$700 is totally reasonable. Most alt-coins have been losing traction and people are probably going to move a lot of their investments back into Bitcoin. But I still think we need faster transaction times, or some other changes if we want to increase user base. Still waiting on segwit I guess...
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Are they actually considering another hard fork? I can't believe anyone would support a coin after multiple forks. It seems like the only ones who would be profitable at that point would be the devs and people with inside information who were able to get in/ out early.
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I would just like to point out that anyone trading Zcash at $70 is fucking crazy lol.
Has anyone done a good writeup of Zcash from a technical perspective? I would actually be interested to see how it compares to Monero in terms of privacy/ security. Isn't there an ability by the devs to use a master key to view any transaction? If this is true you would be crazy to use this coin for private transactions.
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ETC/ ETH were the hot topic for a minute, but people are starting to lose interest. What has happened since ETH got accepted by Coinbase? Not much. Just a lot of arguing, attacks and a slight drop in price. Are people moving on to the next thing or will either of these coins actually stick around?
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