"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?
My greatest fear as a Bitcoin holder is when the time comes that Bitcoin's price and value will decrease and drop at its value. It will be alarming. Also, if I didn't get the return of what I invest here. You see, bitcoin is indeed risky and we can't tell what will happen. |
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
I don't think that it will be a good idea to quit your job for bitcoin. It is too risky and you have many things to consider. Because first and foremost bitcoin is still unstable, and its value keeps changing from time to time. You still need job to make sure that you have a secure monthly income. While bitcoin you can have it as an other source of your income. You better do both, you just have to manage your time wisely. |
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•Are going to spend or save bitcoin?
•Whats the roght thing to do? When in earning bitcoin?
I watched a man that his videos are always one minute and saying in the end thats one minute!
His Video was about bitcoin opening a shop next to a trading company.
Topic was people have a problem when earning more and more. The propper use was earn as you spend
•What do you think is propper and the right thing to do?
Of course practically speaking, I have to be wise so I will save it. I am planning to earn big this 2018, bigger than what I earn last year so I will save my bitcoin first and wait for the time that bitcoin is high in value. So while I am still waiting, I'll keep joining in signature campaigns and will hold myself in learning more about cryptocurrencies. |
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Because people need btc and they are very confident in using it so they are having to much demand in it, but it doesnt mean that there is no effect, the effect is the people that use btc for illegal, they earn it much and use it for criminalities and for drugs and other uses, or sometimes it is over use and the currency is nearly replaced
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It ia very simple, because i have been working For btc for a long time and i have earned alot of money with it, thats why i cannot say and i can prove that btc is not a scam rather it is a big help to us.
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No because btc is more valuable and no one can beat btc. In fact btc cash is the product of btc so it wont happen and it will not help if these two compete. So it will not happen and it will be impossible, even btc cash is helpful.
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Yes altcoins are worth buying for, because altcoins are consistent in these days, and altcoins are too many and altcoins are spreading and just like btc altcoins are also worthy and the best about altcoins are the ethereum, ripple waves and many other altcoins. People think that altcoin cannot reach btc, but for me altcoins and mostly the ethereum the best altcoin, so altcoins are worth buying for.
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Ang presyo ng btc ay napaka laki na at kahit na maraming pumipigil sa bitcoin na lumaki ito parin ay patuloy na tumataas, dahil napaka laki ng nakokontribute ng mga gumagamit at mga nag iinvest. Kay naman hindi nagiging stable, pero ito ay tumataas at hindi lumiliit.
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I think its not, because btc is very strong and has a very big potential, even though Alt is good and high, it is still no match to btc, and i think that will only happen if the btc has an big problem, now altcoin is growing and growibg but btc is extremely and rapidly growing. So there is a 50percent chance of alt to grow like btc.
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If btc decreases we will still support it and if that happens vert fast i will change and transfer to other crypto. But i think btc will not be ended because it is very unstoppable to grow and even China the one of the biggest investors of btc banned it, still btc is growing and growing. Thats why it wont happen.
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Na isip ko na papasok na mag mine ok paba sya o hindi na profitable
Profitable naman ang pag mamining kung ikaw naman ay magiging masipag at stable ang computer mo at hardcore na 24/7 ay nakabukas upang kumita ka ng sapat, sapagkat angmag lilikom ng mga pera sa mining ay hindi ganoon kahirap, pero kaylangan molang mag sakripisyo ng pera. |
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The future of btc is now starting, because btc is continuesly increasing and growing, even though there are many circumstances and many are against it, and what more if the btc is not persecuted and not being stopped by other countries, btc will grow and will be known all over the world, it can be used by many and become universal just like the Dollars.
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Dont stop buying bitcoin because it is now the best time to buy btc because it is now growing and growing and now btc is half a million to peso and that is very big. So dont stop buying it.
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The more reliable is ethereum and it is more expensive than waves, ethereun is the best altcoin that the crypto currency have, thats why it is better and more useful than other crypto, and now ethereum is at the second in the top crypto currency that exist, it is under bitcoin, ethereum is known and also many investors invest rather than waves.
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It is a big no, because bitcoin cash is a product of bitcoin and why would it replace bitcoin, thats a big no, also bitcoin is a digital currency and btc cash is a money, but just think of it that bitcoin is known all over the world and they know what is btc and btc cash thats why people will not let that happen. Bitcoin is more great and reliable to use, you will think more practical when you use btc.
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So many altcoins popping up every now and then which makes it far more difficult to decide which one is the stable amongst all. So can someone suggest me the, i think eth is one of the best altcoin that is now exist and also stability of it is very containable, also ripple
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I think altcoin is going down because of btc and many kins of altcoins are having an inconsistent growth because many crypto that appears and being known well by the society and also adopted very fast in different countries. Btc is the ones that stops the altcoins from growing. Even ethereum is falling and that is a very dangerous situation.
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Jelurida is developing its next generation scalable blockchain platform – Ardor, currently running on a testnet. The unique design of this platform allows the simultaneous existence of multiple blockchains, known as child chains, with many features and with their security guaranteed on a global level by the parent Ardor chain. The first child chain of Ardor will be the Ignis child chain which will use IGNIS tokens for its operation. All existing and well tested Nxt blockchain features will be available on the Ignis child chain, with multiple Ardor platform specific enhancements being added.
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O yes it really makes sense, because now is the largest amount of btc that is growing, and btc is very fast to earn now because of many investors and increasing of the value of btc. People are now getting rid about it because it is very expensive to sold, and it is just one btc how much more if it grows and grow.
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The best altcoin to invest is tge thereum, it is always the eth that i prefer for us to invest, because ethereum is the best altcoin that we evet had, and it is the largest and vuggest altcoin that exist now, it is the second to all cryptocurrency
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