I participated in the first airdrop IOP (internet of people) and with 500 token iop I received 2200 hydra .. that I sold in the exchange on the discord and from which I got 450 IOP .... with a gain of over 90% doing nothing. Tonight, the second airdrop closes the second airdrop and tomorrow another part
Good for you but you must remember that most of the time claiming airdrops is a waste of time, just look at the bitcoin forks, only two gave you any kind of significant money everything else is just a waste of time, since there is not point in risking our bitcoin just to get a forked coin that is worth nothing, and if that is the case with the bitcoin forks, then I suppose that things are even worse with altcoins. |
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There's no demand in the market for usage though, this is demand from people wanting to make a quick buck off of bitcoin and the shitcoins. This market though, is a trader's wet dream as there is a ton of money to be made if you know how to work the market and the charts.
Hoping for this sort of volatility to die down though, as no one is going to get involved in bitcoin at this volatility level - CURRENCY USAGE WISE.
Bitcoin is trapped in a paradox, bitcoin is not a very good currency since it has high volatility slow confirmations and high fess but in order to change the volatility we need more people to accept bitcoin and to use is as a currency but they do not do it for the former reasons, so bitcoin needs something that gets it out of this vicious circle but I do not know what it could be. |
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I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...? My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in... Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...) Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)  I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line... Ideas? Do others have access to your crypto stash? This is one of the biggest holes in bitcoin, how to transfer our wealth once we are gone, I have a person that I absolutely trust, my mom and while she is not very technological inclined I have done everything in my power to teach her how to recover my BTC in case something happens to me also she has access to all my private keys, but for people without a person like that they will have a lot of problems when they get older. |
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Thankfully we recovered from the $9k blood bath, how long until you the think BTC reaches a new all-time high above $20k?
We need to stop being this bipolar, if bitcoin goes down that somehow is the end of the world and when bitcoin begins to show signs of recovery then we are near a new all time high, I'm fine with the prices remaining more or less in the current levels for some time, I need to save some money so I can invest in crypto once again and if bitcoin does not stop moving then it is difficult to know exactly at what point to invest. |
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bitcoin prices continue to rise as this is one of the causes of increased bitcoin users, whose goal is to change a much better standard of living, give your feedback on this?
Yeah most of the rich now come from bitcoin. Those who go there are those who work hard. It's hard for them to do what they dream about. Become rich and vibrant in the life they live in. There are also some who are rich in bitcoin, they earn much more than their permanent job. They earn substantial depending on how much you invest money. Some of the people who use bitcoin earn millions of money because of their investments that are successful. Yes but that is going to begin to change, bitcoin was the number one way to become a millionaire with crypto some time ago but now with so many successful altcoins and icos it makes more sense that if you want to obtain a lot of profits that you invest your money in one of those coins instead of bitcoin that way not only you will get bigger profits but it will be faster as well. |
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Hi can anyone post links on where to get Free Airdrops? I'm bored playing and doing puzzle to get satoshi's which you wont be able to transfer because of the minimum amount required plus the fee. Thanks in advance. Any bounty for newbie? Your response is much appreciated.
There are many bounty campaigns in the bounty section of the forum, since you are a newbie it is unlikely you are going to get paid by your signature, but you can apply for translation campaign, twitter, Facebook, telegram, even YouTube campaigns, so your rank should not be an impediment to get those bounties, just remember that many of those coins are not really valuable so you may have to wait some time before you sell. |
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Yeah really funny, guys please bo some realistic. This train will go to nirvana. The bubble is burst!
The price of bitcoin has a very strong support level at 10k only for a few hours you could buy bitcoin for less than that, in my opinion the train already leaved, the bitcoin that I have is probably the only bitcoin I will ever get since I'm not going to buy at these high prices so it has come the time to concentrate in altcoins and icos that we believe can be profitable in the future. |
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Bitcoin will change everything because even the simplest people may learn the trading system. So it is possible that anyone will use it and it can change life, career, occupation, way of earnings, and everything.
It can also change the character of a person if he/she didn't know how to handle success.
Incorrect, trading is not an easy job, not many people are able to make any money out of this, there are things that cannot be simplified and that cannot be understood by everyone, an example of that is physics, you can give examples of how the universe works in a simple way but if you truly want to understand physics then you need to go to the books and learn all those weird looking formulas. |
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I have been through this time and time again. We go through a dip and everyone is running for the hills or selling their coins. The trolls come out of their caves and the panic nanny behaviour kick into action, triggering a massive sell off amongst the weak hands. <Newbies & Speculators> I woke up yesterday and I saw the price was just above $9000. My first thought was, "Damn, I need to buy quickly, before this goes up" and I did. ^smile^ Most people woke up and the first thing they did was to fire up a browser and to read the comments of these trolls and media shills and consequently selling their coins in a state of panic. The weak hands will lose money and the strong will thrive in this game. Hodl on people! <Buy the Dip>  True, to tell the truth sometimes I wonder if all those people that spread FUD are in fact bitcoin holders trying to scare away weak hands so they can get cheap bitcoin, I will not be surprised if that was the case, however I do not know what are they thinking those that sell for a cheap price, they are losing money on purpose by selling for a bad price, they should know that the only way to make a lot of profits is by holding for a very long time. |
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Is my dream come true to be rich with bitcoin.I dreamed in my life that I got rich in bitcoin so I joined here to get together and I also want to share it with people in need and less in the salary.It's not bad to dream of something that you want to get and get as long as you just need to work hard and persevere in the presence of it that it is possible to go through the hardships of life or rich life.You can do all when obtained you your dream come true to be rich with Bitcoin.
It is still possible to get rich with bitcoin but you need to have a good amount of money already and you need to also be patient, while bitcoin is still my main investment I have invested in several other coins that way I will not have to wait for bitcoin to skyrocket in order to get to my goals, I do not necessarily want to be rich I just want to improve my economic status. |
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Looking at cryptocurrency as a whole, I can see more and more forks of Bitcoin taking place. Bitcoin is an amazing currency and has created the wave for all of these new cryptos to develop, but there will be a time when it will go down.
10 years from now, I imagine the coins that were created by the smart contracts and ICOs of this year finally taking effect. Some of them will be used to do interesting things such as digital real estate investments, energy conservation, and other ventures. While Bitcoin was the main big boom in cryptocurrency, it's far from over.
So it's going to be an exciting ride until then!
It is unlikely that other coins are going to surpass bitcoin, first of all, all the bitcoin forks are very similar to bitcoin and do not offer nothing new so it is very unlikely any of the forks will be able to surpass bitcoin, and then you talk about some altcoins, but the failure rate of altcoins is close to 90%, it is unlikely that any project in which you invest right now is going to be around in 10 years. |
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I think you could start trading with alternative cryptocurrencies that are stable and have a more volatile price than Bitcoin. Bitcoin is not that volatile and it is more of a long term investment right now, while alternatives have big price changes in a small time frame so they are better for short term investments. I also recommend mining alternatives, you will have to have a bigger capital but I think it is the most profitable.
Investing in altcoins is a good way to make money but at the same time we need to be smart, there are many people that invest money in alts and then they realize they made a mistake, look at what happened to BitConnect the price completely crashed in less than two weeks, anyone that did not cash out have lost a fortune and it is very unlikely they are going to ever get that money back. |
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now many altcoin, sprung up between it all there must be in the place of investing other than bitcoin, all also have the same opportunity as bitcoin all promising profit
but why do more choose bitcoin as the place they invest?
In my opinion, the reason why people still prefer investing in Bitcoin rather than altcoins is because Bitcoin has proven that it is secured and its network effect. Most altcoins out there are very easy to manipulate, I'm not saying that Bitcoin cannot be manipulated but Bitcoin having lots of people that just holding it makes it is hard to manipulate the market of Bitcoin. When it comes to security there's no question that Bitcoin is still the best because the mining hashrate are distributed all over the world and it uses proof of work algorithm, unlike other altcoins that majority of hashrate distributions are obtained by mining pools. The popularity of Bitcoin is also one of the reason. Another reason is simply convenience, of the thousands of altcoins out there I have no idea if in the future those altcoins are going to be around for a long time, bitcoin in the other hand is a coin in which I have full confidence is going to be here no matter what happens and that is why a big chunk of my investment in cryptocurrencies is in bitcoin and not in altcoins. |
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...if they are to be used for REAL WORLD money transfer and usage!!! Simply the fact that they operate with a limited supply, makes it so... Do you know any fiat-currencies with a limited money supply? No, because that would be just too stupid, right? Well guess what, that's what 99% of the crypto"currencies" use. .... Remember there is something called a burden of proof that is important to science and logic. If someone wants to claim something is "stupid" they must provide evidence or some type of reasoning to support their views. You claim limited supply is "stupid". Well, what's "stupid" about it?  I would be very curious to hear your reasoning for this.
On the flipside, one might say that currencies which can be printed without limit enable large deficits, wasteful and inefficient spending and poor budgeting practices. With unlimited supply, many governments assume if they make a mistake with the budget, they can simply print more money to fix whatever mistakes were made. Over the long term, this might explain how some nations have massive deficits which were accumulated through overprinting of fiat currencies, rather than fixing fundamental issues relating to inefficiencies, waste or fraud in state spending By contrast, a crypto currency with limited supply could force governments to make a better effort with spending responsibly and efficiently. There is less room for error when a government can't simply "print its way out of debt". I think those are the basic arguments. Somehow I doubt anyone will ever address or respond to them. Here's an interesting quote from your friend's piece: Assets or objects suitable for investment or speculation must by their nature contradict those conditions and is not fit to function as money in this context. I wonder if your friend realizes every fiat currency on earth is open to investment and speculation on forex markets? There'sa lot of money that can be made buying hyperinflated currencies like the zimbabwe dollar or venezuelan bolivar if they recover. He's probably comparing it to the way the current economy works. Fiat is inflationary by design, in part to spur spending. Bitcoin being deflationary can be a cause of concern, because it encourages HODLing rather than spending. If Bitcoin were the only currency available, few would want to spend, because what they spend today could be worth more tomorrow. The economy would be stagnant, and may lead to a collapse. I don't agree that it's stupid that Bitcoin is designed that way, but I do agree that it comes with certain complications. I have no idea how that could be addressed in the future, and I'm not even completely convinced Bitcoin will kill fiat anyway, but I don't think we'll even have to think about this problem in our lifetimes. A currency that encourages saving is a great currency, the economy will have to work differently instead of having a bunch of useless crap, business will have to make an effort to get our money so the quantity of products build will go down but the quality will go up as a result, many things are created just to last a certain amount of time before you need to replace it, in this economy quality will become more important and to me that is a good thing. |
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Bitcoin is internet dependant. There is a possibility for the bitcoin network to be compromized.If you give up your job for bitcoin that is not a vice move.
It is true that bitcoin network is highly secured and internet will never go down but what if bitcoin is banned.So it's risky to give up on your job.The best thing to do is invest in bitcoin as a part time job.
There are too many risks and most of them are outside our control that is why we must be careful, the added risks can be tolerable since the profits we can get counter this but at the same time we cannot be blinded by it, we still need to have a source of income that is not as risky in fact that is the basic of balancing a portfolio, you need to have some safe investments and some risky ones that way you obtain more profits and you reduce the risk as well. |
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I don't think that we will see ETH surpass bitcoin anytime soon, if ever. Ethereum does not scale well enough, look at what the kitties did to the network. This will be the demise of ETH I think
This is why we must not believe the marketing blindly many cryptocurrencies say they are better than bitcoin and faster but no one is using them so it is obvious that you get a fast confirmation but as soon as they get any traffic they suffer from the same problems than bitcoin which is why most altcoins do not get any success at all and their technology is not as advanced as they claim. |
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Coupled with the rate at which the price of bitcoin has been increasing lately. I'd like to know how long it would take bitcoin to reach $25k since it took it just a year to rise from $1k to $10k(which was pretty cool and fast) but I doubt if it can rise as fast as that again
Right now bitcoin is on an unstable moment so to try to make any kind of prediction about the price is difficult but I think that if you want to reach that price then you will need a few months but if you want that to be more or less a base price for bitcoin I think we will have to wait another year, however if the lightning network gets released in this year then that could accelerate things up. |
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Just kidding. At under 10k, it's a steal!
We might have another wave of panic-selling, according to the TA, which would bring us to $9k or lower, and then we'll follow up with a recovery to 5-digits again, and take off after that.
TA shows this is a very healthy consolidation, and that we will never be sub 10k again.. at least not for a long time after this.
Mark my words... a few more days, with possibly one or more waves of panic-sells, but then we will go back up!
HODL on.
I'm relieved, when I read the title of the thread I thought another person that is going to regret selling his bitcoin for a bad price but after reading the OP you made the right decision, right now the right call is to hold and if you can afford it then buy even more bitcoin, for some newbies it may be difficult to hold with these losses but once you get used to it then you do not think too much about the price volatility. |
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Eth is much stronger than btc imo, it will eventually overtake the leading position price wise. Just because it's better technologically. Besides, it's getting more and more popular with all those new coins which are based on eth.
Sorry to say this to you but that is impossible, ETH has shown that is a very solid project but bitcoin has shown that for an even longer amount of time and has the trust of the community, while some other people do not trust ETH because of the incident that caused ETH to fork in two different coins, besides the ico market is not moving as much as in previous years with all the regulations that are now in place. |
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With whats happening right now? Crypto is considered as an asset to have rather than currency. We see crypto as an opportunity to make us rich. We invest in it as an asset.
Bitcoin is a currency that is the way satoshi created bitcoin however the fees have become an impediment to fulfill his dream but the devs are decided to do everything in their power to solve this, and this is why we got so many forks in the last year since some groups of people, like the miners, felt they were being affected and that is why they created bitcoin cash, but at the same time bitcoin miners do everything to get profits and that proves they are not to be trusted. |
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