Usually, I keep some of my Bitcoin on my Coinbase wallet. But keep large portions of my Bitcoin on some Blockchain Wallet. Because Blockchain Wallet is highly secure. I keep Bitcoin on it for trading.
Coinbase is not so popular in Asia, I am more confident to store bitcoin in trezor wallet, and use only blockchain and wallet exchanges for short transactions in the trading market as well as a wallet for gambling, all of which serve to achieve daily profits and keep counting total for percentage of long-term deposits and weekly expenses. |
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The risk is always there. The safest strategy is to hold bitcoin, but then you have no guarantee that the price will not decrease overnight. If you are doing this, then be prepared for any kind of consequences...
We have to take risks and keep them moving, for example we must continue to move actively in the trading market or gambling/campaign, extreme fluctuations are indeed a big risk of bitcoin but this is only for the short term, if we just make bitcoin as a passive asset like gold, then don't think about short-term movements, that's the understanding of bitcoin risks. |
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Yes, bitcoin has been greatly underestimated in the past and many people still do not believe in it. I don't really get your analogy about the old train. Btc is not an old train, it is growing, developing and facing innovation. It is not stuck in the past.
I agree it is not an old train because bitcoin value is volatile. There is massive adoption that price keep increasing and I believe it has a bright future. It usually understimated in the sense others dont believe in bitcoin and not interested to adopt its development. This is s not wrong because we are accustomed to living with risks and burdens that we do not bear alone, in the sense that the government facilitates the currency perfectly, many people can not open their eyes with bitcoin because of all the risks and responsibilities held by themselves. Only those who dare take risks and aware of investments that are able to adapt quickly, at first I was also dismissive but did not take long. |
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Since only bitcoin has the largest trading volume in crypto currency, no matter how much we use altcoin it will eventually turn it into bitcoin, this coin can not be equated with fiat because bitcoin is an unofficial and decentralized currency technology innovation, two giants that will always go side by side.
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What the SEC is currently doing is trying to remove the anonymous nature of bitcoin, this becomes controversial and will eliminate the hallmark of bitcoin, but in the end we will understand one thing that bitcoin should enter the public economy legally, bitcoin must also be as per the existing rules In order for everything to run smoothly. Currently bitcoin is a well-tested medium used for corruption and various money laundering activities.
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Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?
Ok, Let's look at how central banks do this. They allow for reckless banking practices to happen < The financial crisis of 2007–2008 > and then they jump in with massive bail-outs with tax payers money to save these banks. How was this beneficial to ordinary citizens? Bitcoin will never replace governments, but it might serve as a alternative when their currencies and policies fails. People are already using Bitcoin as a safe haven/hedge against bad political decision making. < Venezuela > Guess that is indeed the case. But really, banks are still important in this world since they play a big role in how finance work. Money cannot be concentrated in every single person, some people need the money while others don't. Those people that don't need the cash right now would need a place to store it and have it loan to other people who need money right now. That is the business of banks and it is necessary. The central bank is indispensable for the economic benchmark of a country, in which case the Japanese central bank has officially provided development funds for bitcoin in japan, the central bank does not avoid problems such as unfinished debt burden, bitcoin Just another Ways to prosper people without having to Intervened. |
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The motivation behind why it is smarter to store your Bitcoin for quite a while on the grounds that it is less unsafe contrasted with an online exchange. But then, I think in light of the fact that as we encounter Bitcoins cost turns out to be high step by step so there's a plausibility that its esteem wound up plainly tremendous sooner rather than later.
In addition to the skyrocketing price I also see that I am still at the beginning of bitcoin development, I do not want to be late and take all the opportunities that exist, I want to understand a lot before this coin is applied widely and legally all over the world, Free market with high trading volume is enough to make sure I keep it for the long term. |
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According to my research, yes because every currency is used as money. Bitcoin is a digital currency and also a pure commodity that not only acts but in real world is used also as payment. In my opinion, everything that is used as payment is money.
Some do say that bitcoin is just an asset, maybe for some reason, bitcoin is not a currency because it lacks some characteristics to be accepted as a currency but I think that it is not needed in order to use it as a real currency.
Depending on their own understanding because bitcoin can indeed achieve these two functions, though not yet legal in all countries, bitcoin is a virtual currency with tremendous trading volume, this can not be underestimated because a country like japan has legalized it, many countries will do the same thing and determine the right rules. |
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If we will based on the current status of bitcoin based on the people that trust bitcoin and also from its volume in the market then i can say that bitcoin will survive even for more years to come because a lot of people are already trusting bitcoin and that trust will make bitcoin stronger and healthier currency than the others in the market and will help bitcoin to have a more life for surviving.
Until now I'm still amazed by the volume of bitcoin, but none of the altcoins are able to defeat it, I see from their closest rivals ethereum trying desperately to shift the dominance of bitcoin but can not afford and continue to be number two. I think bitcoin will survive even when it reaches the last mining boundary. |
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Now a lot of ico altcoin project , do projects that can be trusted . This makes i doubt to participate campaign bounty .
Please tell me friend , how saw projects altcoin can be trusted ?
I don't think that we can make direct understanding whether to participate or not in a ICOs because there remain many factors to about the future of the ICOs of coin project because economical support and devlopment team also a big matter for tye future and future problems , If these analysis are better for us to understand then surely we will be able to make descion ownself whether to buy or not any tocken . Personally i never participate in the ICOs project but still here i can give you better tips because my friends are involved much in ICOs . Trust only those ICOs which are operating over the trusted exchange ( not link at trusted site and go at anothrr and buy there because recent example of the bitrex mailing server of fake announcement of ICO of coin which was not legit but link was redirecting at anither place , so make direct buy sell of tocket at the exchange only . ICO cannot be predicted randomly where all the promotions give their best deals, all the things we have to understand is the depth of the project and see if they are serious doing so many developments that can attract investors, we because investors can only see it periodically, almost all the coins have good prospecs but all can only be seen from their initial sales and travel in the trading market. In this case the big market takes precedence. |
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I want to discuss about these two giants, how your analysis of the ETH after the emergence of the BCC is a real rival, but I see https://myetherwallet.com no less great, fast and cheap deals. Can BCC beat this? Really come on BCC??? ETH is much better, than this coin. ETH has much more potential and i would compare ETH only with BTC at the moment and deffinetly not with BCC. yea always i agree with Eth. i this its best from Bcc or Bch. Eth have own platform and own currency . so i can tell eth is good from all altcoin. Bcc/bch is just a temporary game, but I am not necessarily correct if bcc can be stable in third list of cryptourrency, surely many would be interested in improving, refining and applying fundamentally, now still a phenomenon but for stability and usage in many markets remain ethereum as the best. |
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I currently have 2 different coins from bounty campaigns and sooner it will be more when the bounty campaigns I joined would pay. A friend told me not to sell early cause those will definitely rise. I would personally hold for long too so that maximum profit could be achieved.
Attitudes like you will benefit the development of coins, as many hungry bounty hunters soon sell their rewards and go straight to another campaign, that's their right, but it will ruin the starting price because it will only be purchased by whales that can at times play prices. This is a very classic problem for developers. |
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Myetherwallet is still the best for erc20 and waveplatform is starting to show its existence convincingly, but yesterday I read an article that allows blockchain to receive altcoin, if this happens then the dominance of the web walllet will definitely happen at 1 point only. And many other altcoin wallets will be rivaled in many serious ways.
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Many whales are just taking home huge profits because many noob traders are coming and the noob traders are also dumping because they panic too much. Also another point to mention is the fact that this happens almost every weekend when the whales they want to spend their Bitcoins. ICOS as well are in fashion so people jump from one ICO to the other make x 3 or x 5 then go to next coin.
Initially I was panicked but after understanding the pattern of whales I did not really take into account at this time, it is best to remain consistent with some coins and wait for further developments, as the whales are currently raising rate of bcash and I think it's only temporary to their advantage. |
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I love some altcoins for their vision and profit potential. I hate a lot of altcoins because they are just copycat "me too" fork and clones used to generate cash for devs and investors.
For forking depends on the development of massive coins, so far only etherum altcoin has forking because of differences in structured interests, I like altcoin because the application of business is different from each other, although many coins have no real business, the most important is the continued development by the owner and team in the face of market situation. |
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There is no harm in entering the small market first, but if kickico can directly penetrate a large market then bittrex is the best choice, this project is very enthusiastic and I get a positive energy to participate in ICO. Hopefully the trip smoothly until the token sales runs out, I do not think it takes long for this project.
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You shouldn't see it as a threat from the price perspective because It means nothing, you should however see how much Its mentioned on the news, how many shops (local and online) use it, how many ATMs does it have, how active the development is etc. Bitcoin wins in all these things beside Ethereum is not meant to be an electronic cash but bitcoin is.
Yes, it is remarkable to tell that the price is influential but little and does not affect other factors, but also do not underestimate the price as one important factor. Here ethereum is very good, but you also have to see the comparison with bitcoin. And ethereum is nothing what compared with bitcoin. I think the smart contracts used by all the new coins and the new decentralized ethereum market are enough to prove future ethereum opportunities, even eth have switched to the forex market and this is a serious challenge for bitcoin, ATMs do not have to be a benchmark because online Volume is the main factor. |
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Well to invest or not, it will be depending on if you trust and believe the future of the project
One project can go bad with good investment, and certain project can be good with even little investment
So a research on Whitepaper, Developing team might be enough for what you need xd
I did not pay much attention to their documents because many good projects with full proposals also fell when entering the market, the most important thing for me is to look at their progress and only interested to be involved when the ICO process develops well, in this case I chose to be a follower first. |
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I really love and hate altcoins because I've been through so much after all the years now
I've made a lot of profit and lost a lot too
But I really like this
It's kinda raw somehow
Haha, it's so common, we should be able to give up coins that have been lost because it must indeed happen. Sometimes a coin has a dump when we're sure it'll be good. But sometimes coins also have a pump, when pump is the most happy time and I hope we all can get a good profit from it. There are no stable limits for altcoin except for established coins such as ethereum and others. I was stuck in a shitcoin, I hated it then, but over time, altcoin/shitcoin is a good source of income for me. All we need is the experience from failure. |
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I think everyone who is earning through bitcoin is dreaming about it too,
I really think that it is the main goal of every one in here.
Not only the people who are earning through bitcoin but all the people in this world are aiming to become rich. But for us who are into bitcoin everything made easier because we can earn bitcoin. We just have to work harder and if you have a lot of source of income in bitcoin becoming rich is very possible to happen. i think that most of the people have already changed that dreams into reality and i am hopeful that those peole who have recently invested money in bitcoin they can also become to much rich and can make a goo amount of money from bitcoin. That dream is very important in my life, I always think about mining rig and more involved in buying ICO token investment, in the end what I expect is to become an experienced trader and start collecting bitcoin and getting rich, I think many people think same about this |
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