I heard that the ethereum is much better than the BTC that in fact is the same as BTC but improved and that is the reason why it is rising a lot of price.
Is the Ethereum really better than the BTC? Do you believe that the Ethereum will reach the prices of BTC and even more that will surpasses the price of BTC, or that even will replace BTC?
What are your thoughts and predictions for Ethereum ??
Regards
Ethereum is not really a threat in the sense that it does not want to perform the same functions as bitcoin, bitcoin is supposed to be used as a currency, that is its main reason to exist, but Ethereum can do more than that, that is why some call it Bitcoin 2.0 but the most known aspect of Ethereum is the smart contracts aspect. |
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Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
Bitcoin is different, so it depends on each person to decide in what circumstances to use bitcoin over fiat, bitcoin is great for payments online but at the moment there is not much you can buy with bitcoin in a store and even if bitcoin was accepted there, the confirmation times can be very slow. |
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Any altcoins with high growth potencial under $10
Unless you learn how to compare coins then you are going to waste your time, the price of the coins is not important, it is the market cap that matters, just look at the price difference between ETH and BTC it is huge, but when you look at the market cap the difference is not as big as the difference on price. |
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The benefits of holding long term should be obvious to anyone, just look at what happen in this year, if you held bitcoin for a year your investment went up many times over, if you hold for a decade the chances your investment multiplies over many times again is very high, this is not rocket science.
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Bitcoin, in my opinons has had it up and downs, but who supplies us bitcoin? Faucets can only supply so much before it gets closed down. So that's not a big supplier. Working for bitcoin has declined. I used to make videos and earn bitcoins. But that site has closed down like every other sites or faucets. So who supplies us bitcoins nowadays? Tell us please!
Well i never thought where bitcoin comes from. I know that from time to time (every four years i think) number of bitcoins that could be mined is sliced by half. But who gives those bitcoin i do not know. And about jobs and payment, well for people to get bitcoins so they could pay other people, well that is not so hard, just go on any site that sell bitcoins and there you go.  New bitcoins are created when a block is created, that is called block reward and it is awarded to miners then the miners can decide if they keep those coins or if they decide to sell to the market, I will not be surprised if many miners decided to not sell their bitcoin and by doing so they increase their profits like any bitcoin holder does. |
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BTC wont go below 1000 not anymore, it can go just higher not lower. Now like most of you here are writing and hopping to see so you can buy it, well not gonna happen. We can all just get sorry for not buying when it was "cheap" cuz now he is definitely not. So for this we can just buy on current price and expect to see price surge up in next month or two.
Those that are crying waiting to see those prices again are the ones that never buy anyway, people had the opportunity to buy at 200, 600, 1000 and now at 2500, people are going to regret not buying when bitcoin was this cheap since I think we are going to see another huge price increase soon enough. |
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Well, if trading, investing, researching and communicating with blockchain based project insiders is your 24/7 work for about several years, I believe it is possible without making insane gambles/all-ins on some speculative icos.
Anyway, I think it is extremely difficult and maybe near to impossible without a ton of luck in 2017.
It is not really impossible if you choose a good coin to invest in the crowd sale and you have the patience to hold for a long time you could see returns of 20 to 30 times your original investment, by doing this a few times you could get to those 1000BTC. I think that was being lucky and it's has happened so it's not impossible, I've seen some project who increase 100 times from its ICO price. My number 1 in the list is stratis https://coinmarketcap.com/currencies/stratis/... Check out the price increase, that will leave you amaze. Stratis is the most obvious example, but there are many examples of coins that went up a lot, not as much as stratis mind you, but still gave lots of earnings, if I remember correctly I think waves, lisk, iconomi have given great returns between 20 to 25 fives their original investment. |
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Have you ever done any daytrading (traditional stocks)? Daytrading cryptocoins is not like daytrading stocks, the markets behave quite a bit differently. It's also nothing like poker.
I have been successfully trading cryptocoins for a quite a while now and I would recommend the following steps:
1. Attend some conferences or watch some conference recordings. It's important that you understand the underlying concepts, terminology, etc. to cryptocoins, and the industry they operate in. Personally, I feel attending conferences in person is far superior to watching anything on youtube.
2. Keep on top of cryptocoin news. Twitter is essential, so is this forum.
3. Invest a significant amount of your time to watching how the markets behave, correlations to certain market behaviors, understanding the industry as a whole, etc.
4. Start small - it's easy to grow even a small amount of capital when you've successfully learned how to trade crypto coins. You can always invest more when you've demonstrated to yourself that you can perform successfully.
The 4th point is essential, there is no point into trying to invest huge amounts of money when you do not know if you are any good at trading, the best thing is to start small that way if you make a mistake, the mistake is not going to be as costly as that mistake will be if you were trading with all your capital. |
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If you really can't use the Bitcoin as practical way method of payment. This is because the wait time is the confirmation of transactions that can take hours and even days, as well as the increased transaction costs. With these issues, Bitcoin not classified as efficient mode of payment. However, in the near future, we will see some major improvements in technology Bitcoin. We will see almost instant transactions at a lower cost. . then it can't use bitcoin before waiting for confirmation  At the moment it seem the spam on the network has diminished or has stopped completely because even the smallest fee you can pay to the miners will get to you on average a confirmation time at the moment of 4 hours which is not bad at all, but that will improve with segwit. |
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Apologies if this has been asked but what do people think is most effective way to earn more BTC? Mining, Trading, or investing in alt coin?
It depends what you mean by effective, but if you mean the method that can give you the most bitcoin, that is without a doubt investing in altcoins, if you do that you can easily make several times your investment in just a few months and by doing that and exchanging your money in bitcoin you can multiply your bitcoins many times over. You need lots of free time for investing. You can't just buy anything at anytime. I think that's why so many people lose their money. Yes you can multiply your bitcoins but I think only if you consist and spread the investment. Mining is also good. Initial investment is needed. You need time, money and effort to make more money and if you are not willing to do it someone else will, and with the high growth that altcoins had in the last months I think we must make an effort and find the time to invest and trade, the opportunity is simply too good to let it pass. |
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I think it's still too early to talk about this.
Crypto currency is still too young, but I think it has a great future.
I disagree, gold has been sound money from the beginning, fiat is not sound money from the beginning because governments can print it at will, bitcoin has limited supply and cannot be created at will so to me that makes it sound money from an economic point of view. I strongly believe that bitcoin is like another currency, it depends on you how you call it, bitcoin is basically a form of money which value is increasing day by day. It also has created a strong ground where people are going to be connected with this system, from my point of view is that since Bitcoin is using as a payment tool in many ways so bitcoin can be considered as a money... Among private users bitcoin has long been called money. But at the government level, bitcoin is not yet seen as money. It is more like a product, or some other asset that can perform some of the functions that perform the money It is clear governments don’t want to call bitcoin money, because they are scared of it, but it does not matter if they do not want bitcoin to be money, that is the way people use it, that was the intention of the creator and bitcoin fulfills all the characteristics you will expect from money, so bitcoin is money. I think what the government is really afraid of is not calling bitcoin is money but they are afraid bitcoin will be used for criminal activity like people will use bitcoin for money laundering. To me that is only an excuse for a very long time governments had the monopoly on printing currency and they have abused that power, to the point people are no longer willing to take it, to me that is more menacing than anything a criminal could do with bitcoin. |
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About the sixth point, personally I think bitcoin should not try to become of all of that, let other cryptos do that, in a way that reminds me of The Simpson's, the episode where Homer finds his lost brother and designs his own car, and he adds so many things to it that look ridiculous, that is something bitcoin must avoid.
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If you spend everyday and use your wallet everyday then there is no need for secrets and nuances, an Electrum wallet should do great considering your PC is safe from any kind of malware. If you want to have a wallet for a longer time I think you can use Electrum in an old laptop to create a watch only wallet and keep it as cold storage.
But having a clean computer is a big if, if you are not using a Linux distribution and instead you are using windows, with windows you are one download away from being completely robbed of your coins, so if you are hoping to use a desktop wallet use Linux please. |
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I am waiting because i am a bit lost this days, and a lot more pessimist. so i will see what do after, or maybe sold everthing before  I think it is better to wait to the last minute to take the decision that way you can get as much information as you can regarding the segwit activation of August the first, but if you want to leave then I think cashing out your bitcoins one week before could be good enough option. |
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I don't find anything that prevent major mainstream adoption which is happening day by day, the biggest original difficulty is the price of bitcoin but it doesn't matter since it can be broken to as many small pieces as necessary.
Even the confirmations isn't an issue IMO, Few minutes are within acceptable waiting time.
A few minutes is a lot if you are buying something in a vending machine, or when you are buying groceries at the store, bitcoin right now works very well for payments over the Internet where you have a few hours to get a confirmation, but it is not ready for the real world. |
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My first priority to invest bitcoins now is to invest as many of them in purchasing ASIC miners. Purchasing ASIC miners will give us slow but huge profit. Patience is required. You can invest some 0.8-0.9 bitcoins to purchase Antminer L3+ july batch. That is the Litcoin miner giving 504 mh/s hashrate. It will give some 42$-43$ profit per day excluding the electricity cost. Its profitable according to me. You can try it orelse you can purchase some used ASIC miners to save some of your bitcoins. you can also invest your coins in trading with a lot knowledge and also in some investment sites.
Mining don’t seem like a good idea unless you are trying to mine some coins that may skyrocket in the future, mining requires heavy investment, and the possibility your miners get outdated very quickly if you add the rising costs of electricity it does not seem worth it to me. |
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Chinese Central Bank gave many reason for developing their own cryptocurrency like lower operating costs, greater efficiency, and better control of illicit money flows. But what I believe is that they are bringing their own cryptocurrency because of the increasing popularity of bitcoin. It is like if you can't beat them, join them.
What they do not understand is that attitude will legitimize bitcoin even more in the eyes of the people and investors, since they will see bitcoin is way better than this crypto created by the Chinese simply because it was not created and controlled by any government, so in a way in their attempt to try to discourage bitcoin adoption are only going to help bitcoin even more. |
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While what you are saying it is correct, it does not tell the whole story, look at the market cap of gold and the market cap of bitcoin and see the difference, bitcoin has a long way to go before even getting close to the market cap of gold, so as you see things can be seen from different angles in any situation. |
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Ethereum has never become a bubble since it is used by ico investors as a fiat currency. Whoever wants to join an ico, has to buy ethereum. So this creates a huge market demand for it, providing a strong digital asset.
LOL. Being offered as option for investors in any ICO's makes ETH more of a bubble. People are just rushing to buy ETH so that they can invest in ICO. They don't bother what's the direction of the coin whether its being back up by good project or not. Investors just bought ETH invest in ICO's then what then after the ICO has ended? They will just dump the coin to take home profits. I don’t see anything wrong with that, money has always been a means to an end kind of thing, while some try to get money for money’s sake, most people that want to get money do it so in order to get something from that money, so if people get ETH to get into ICOs then that is fine with me. |
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But the 100ETH cap is per wallet address, individuals/whales can just use multiple addresses, right?
Hi Tommy, This is incorrect, there will be KYC implemented in order to prevent Sybil attacks. Good question! For those that really wanted to get around the rules the possibilities are endless and nothing will stop them, however I disagree with the whole premise, I’m a free market person, so I don’t like any way in which the economic actors are limited in the way they use their money. |
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