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Do you need a wallet app for tokens? Do you need an app for cryptocurrency news? Do you need an app for cryptocurrency portfolio/investment tracking?
Be more specific.
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Sure, they are considered wallets as they have addresses and you can use them to receive funds. But does it mean that it's a good idea to store funds on exchanges? DEFINITELY NOT. Create your own wallet. If the exchange gets hacked or if they lock up your account for some reason, then you pretty much lost your funds. READ: Topic: [General] Bitcoin Wallets - Which, what, why?Oh thanks! that's a nice guide... for you is better hardware wallet or online wallet like blockchain? Only use online wallets when you live in a country whereas bitcoin is widely used, because you're going to probably need some bitcoin on your phone for you to easily use them. However, if you're just planning on holding on to your bitcoin in a safe and secure manner, surely purchase a hardware wallet like the Trezor[1] or the Ledger Nano S[2].
[1] https://trezor.io/[2] https://ledgerwallet.com/ |
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I hope the ICO craze would just die out honestly. I'm pretty sure a huge percentage of those ICOs only exists to make money off people in the crypto-space that just invests in anything as long as it's hyped enough. I'd prefer if they'd just go back to the good 'ol airdrops method.
It's basic supply and demand, don't you think? If people are happy about it, the ICOs are going to keep on coming. Not that I'm complaining about them, but in the future we will probably see news about people losing their money to scammy ICOs. Of course it's supply and demand. It has always been. My point is: sure people are really happy(for now) now because they're making money off those ICOs. But they're pretty much just waiting for the inevitable scam-quit on some of those tokens they're buying. |
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On twitter: simply describe the ICO in a short but descriptive manner. Twitter tweets has text-count limit so you'd have to word your promotion text excellently and competitively.
On facebook: There are no text-limits so you can go deep and descriptively. Pretty much explain the ICO's token in your own words/description.
Do your best to make the promotion as descriptive as possible. Don't shill like.. "this coin will be 10x next month!" or something along those lines. Those are the worst. Read the whitepaper before even attempting to promote.
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Sure, they are considered wallets as they have addresses and you can use them to receive funds. But does it mean that it's a good idea to store funds on exchanges? DEFINITELY NOT. Create your own wallet. If the exchange gets hacked or if they lock up your account for some reason, then you pretty much lost your funds. READ: Topic: [General] Bitcoin Wallets - Which, what, why? |
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I hope the ICO craze would just die out honestly. I'm pretty sure a huge percentage of those ICOs only exists to make money off people in the crypto-space that just invests in anything as long as it's hyped enough. I'd prefer if they'd just go back to the good 'ol airdrops method.
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Is it like android where you can just get an apk installer program, and download apk's for linux? Or is that an android specific thing? I've had a few linux OS's in the past, but I only ever used the snyaptic package manager or whatever was built in.
No. APKs are specifically for Android, and won't work for Linux. It depends on the program itself on Linux. Sometimes you have like a .deb file whereas you can install easily like on .exe files on Windows systems, but sometimes you have to use batch commands to install that certain program and other pre-requisites. |
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I'm not 100% sure, but I personally think that mining in Linux systems is better due to it being overall light-weight compared to Windows; though it might take time for you to get used to it as usually, installing programs in Linux is not as easy as installing programs on Windows.
And yes, most wallets and mining programs also support Linux.
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If the sources are true, then this is a punch in the face to those FUDsters who always claim that bitcoin is being used by criminals and or money launderers. Fuck those guys, honestly. I'm looking at you, Jamie Dimon.
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Thanks everyone. What about big amounts? In my country crypto is not regulated. If I use Coinbase to cash out like 50 BTC .. what then?
That's going to take you a lot of verifications for sure, for that amount. But yea, like I said your best bet would probably be localbitcoins.com; you just have to do some safety precautions, like don't go alone, and meetup in a well secure and a bit crowded place like a mall or something. There is no people in my country (Ukraine) who can exchange in cash using localbitcoins.com. And if I use bank transfer or e-payment I am going to be in a sort of trouble Well if there aren't offers for cash on localbitcoins.com then you're choices are pretty much slimmed down to using bank transfers unfortunately. Though I suggest that you look for and join sort of Russian bitcoin Facebook/VK groups; you probably can find offers there. It's worth a try. |
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Thanks everyone. What about big amounts? In my country crypto is not regulated. If I use Coinbase to cash out like 50 BTC .. what then?
That's going to take you a lot of verifications for sure, for that amount. But yea, like I said your best bet would probably be localbitcoins.com; you just have to do some safety precautions, like don't go alone, and meetup in a well secure and a bit crowded place like a mall or something. |
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I think it's pretty safe, but never leave funds on exchanges. Always withdraw them out, as exchanges are definitely a huge target for hackers as they can get away with a huge amounts of money when they successfully hack an exchange. People in the past thought MtGox was safe, well, look what happened. Don't let history repeat itself. Relevant: THE INSIDE STORY OF MT. GOX, BITCOIN'S $460 MILLION DISASTER |
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It depends on your country. But if you're country is supported by Coinbase[1], then that's probably your best choice. A universal choice though would be localbitcoins[2]. You can simply choose what country and city you're in and you can accept and set buy/sell offers there, so you can buy/sell bitcoin via meetups so you can transact with cash to prevent taxes and such.
https://coinbase.com/https://localbitcoins.com/ |
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I used blockfolio in the past, but now I'm using Delta[1]. It pretty much has more features and I personally really love the user interface. I've been hearing good things about Cryptonaut[2] too, cryptonaut is sort of like the noob-friendly version of blockfolio. I suggest trying them both out. Both apps available on Android and iOS.
[1] https://getdelta.io/[2] https://www.cryptonaut.org/ |
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Why'd you say that 2018 is bitcoin's downfall? Because it dropped in price? Bitcoin's price has been hugely fluctuating in price since forever; and price doesn't determine the success of bitcoin. Lightning network isn't even being currently used besides for testing, so I'd say bitcoin is just getting started.
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You are right, but you are wrong at some point. The price is determined by those who are buying/selling in there, each exchange has it's own rates, and it changes everytime that there are big whales selling or buying. And people is using "arbitrage" in order to make profit from that. Because those exchanges exist to make money. And how do they make money? By buying coins for cheap and selling the coins for a higher price.
You're also right at some point. But we're talking about cex.io here. User's cant choose their buy and sell price on cex.io, as it doesn't work the same way with other exchanges like Bitfinex, Binance, Bittrex, etc. The buy and sell prices are set by cex.io themselves: Screenshots: https://i.gyazo.com/350ebaba5622a2aa76082a518dbca702.pnghttps://i.gyazo.com/f703a4612b8392ac6bf42c03302d5bb1.png |
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There are definitely cheap hardware wallets out there like the OpenDime[1], but feature-wise it really is nowhere as good as a Ledger Nano S[2] and a Trezor[3]. The Nano S is around $97 whereas the Trezor is around $109. I personally like the Nano S better, but do some research to help you decide. Trust me, this will be the best crypto investment you're going to make.
[1] https://opendime.com/[2] https://ledgerwallet.com/[3] https://trezor.io/ |
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Because those exchanges exist to make money. And how do they make money? By buying coins for cheap and selling the coins for a higher price.
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I really don't know that platform you're referring to; but some ICOs are just so crowded due to the people thinking ICOs are pretty much easy money, which is true on some cases if a certain project has enough hype and good enough marketing around it. Projects or platforms doesn't even need good tech, just good publicity. I'm looking at you, XVG.
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