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I can respect that opinion, and I think to a certain extent what Mr. Smets is saying is true as well. A currency which can swing as wildly as it has in the past few days will never be able to compete with $ and €.
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Yes, but doesn't this bother anybody else? I mean we had seen some massive dumps like this before, but this one bothered me the most, because the dump was pulled off despite bitcoin's huge price. I don't know how true it is, but I read somewhere that some $200bn in bitcoin were dumped. Do whales really have this much money?
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Everybody refers to the lightning network that is going to be deployed sometime in the future and is going to magically solve our problems, but until then, we are probably going to have to suffer through such high costs and long waiting periods.
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I think the number of zeroes is the main problem, regardless of the format. Too many zeroes is confusing for us (since we're not accustomed to using it in our daily lives), so it would be great to not have that many zeroes any more. But I don't know how this could be done.
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I think there is no reasonable explanation for this other than whales cashing out and playing the market. Which worried me a lot this time around, since the decentralization of bitcoin, of which we are very proud, doesn't mean much if whales can trigger a chain reaction of this magnitude.
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Since I day trade, keeping them on an exchange is the best option for me. I know that this is not recommended, but I haven't found a solution which would allow me to transfer my many different coins to an exchange and trade immediately, when I feel like it.
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You can split it up. Keep a certain portion of your money in eth, and invest the rest in alts. Eth will probably rise, but at a smaller percentage than alts, but alts are risky obviously. So if your investment in alts fails, you will still have a portion of your eth.
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Altcoins definitely proivde more opportunities in terms of making huge profits, but you never know how they will pan out. Bitcoin has become a relatively safe investment method by now, so it's no wonder that bitcoin yields less returns than altcoins.
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Hi Torra, I had to change my wallet due to an issue. Could you update it in the spreadsheet as well? Thanks.
Username: secondgarlic
Line in spreadsheet: 46
New wallet address: 0x17d1B413fF27DAcbE5a8db2DcB7f0738e4d51afb
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i think yes, nowadays we no longer need to work in company anymore but still be able to get incomes from online working, or trading bitcoin, so we can quit our present job but it can be quite boring if we just stay at home working.
I think it depends on his status in his job. If he us earning in crypto more than his salary in his work, i think he better leave his job and be focus on crypto. After all i believe that what he is earning right now while he is still working in his job is going to multiply not only twice but as much as he wants if he give all his time to crypto and not just part. I am also planning of leaving my job but not now, i still have to wait till i earn as much as i earn in my job. Although crypto trading may bring more money now, you never know what's going to happen tomorrow. What happens if the governments decide to outlaw crypto tomorrow, due to whatever reason? Having a day job allows you to afford trading crypto, so you should never quit your day job to dabble in bitcoin. |
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XVG is the way to go for me. Despite the decrease today, the day before that, the weekly increase was near %1000. Managed to buy at the 2-3 cent price point and yesterday we saw 15 cents. After the correction now, I think the price will increase once again.
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1) No one would be able to tell you whether your choice is going to work out. This is difficult to predict even for bitcoin, and alts are even more unpredictable.
2) You are probably better off purchasing btc or eth first, so that you can trade it for maidsafecoins later on.
3) I have myceliumwallet for btc, happy with it so far.
4) I'm happy with binance so far, but I'm not sure whether they offer maidsafecoins.
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Take a look at the monthly trend. Just at the beginning of the month we were talking about whether $10K would be reached within 2017, and we have even hit $20K before the year is over. It's a glass half empty half full kind of situation. If you look at it like "it reached $20K but now it's $15K", then OK, the price is falling. But if you look at the historic trend, even this significant fall is not a crash.
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Obviously young people are more up to date on the most recent technological developments, and generally they don't have families and not a lot of money to lose as well, so they can take more risks than your average adult. It should be no surprise that young people are into cryptocurrencies more.
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Did John McAfee really have anything to do with the price surge that Verge had, or did Verge surge relatively randomly? I'm not entirely convinced about McAfee having that much influence on the cryptocurrency world. He is just a high profile guy talking about crypto.
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I still haven't found any hard evidence or articles on when lightning network is supposed to be implemented. But this problem has to be addressed relatively quickly because the problems with the transactions are slowly getting out of hand.
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I think there is some sort of chain reaction going on at the moment, since the resistance at $20K was strong, people started selling and it has triggered a small decreasing trend. But I'm sure it will pick back up eventually.
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This is good news and I would say it is not surprising that big governments want to address this topic as quickly as possible. Most governments are just about starting to talk about how bitcoin can be regulated while the price and popularity of bitcoin surges incredibly, so they are already late, I would say. But better late than never.
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I've been seeing the name Digibyte thrown around recently and a lot of people are claiming that the price will go up. Will it be something like Verge? I'm trying to understand why Digibyte is going to go up (because .04 is a perfect price point to buy), and can't find any solid evidence.
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Ripple's trajectory has been steady but strong so far. I'm all for such a price increase, rather than the explosive surge that bitcoin experienced, which brings a lot of FUD with it. Ripple is built on solid foundations, so I'd be really happy if we get close to a double digit price by the end of 2018.
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