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Blockchain hack: Most likely not in the near future, until we get quantum computing, then it's alot more possible than it is right now.
Government ban: There really is no clue for us to know if this is coming or not. Exchange bans are a lot more likely.
Major exchange hack: I really see this happening again(after Mt.Gox and Bitfinex) but again, we don't have any clue when. This is probably gonna cause a huge crash in price due to probably a good number of people still holding their coins on exchanges.
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I pretty much had the same experience. I was making profit, but the profit wasn't much due to me being unskilled and it definitely wasn't worth it for me. The first few days I've done daytrading I was staring at graphs and charts with laser focus the whole day. At the end of each days I felt literally sick; like I was feeling dizzy and not far from throwing up. I don't think daytrading is healthy for me. Good for those people who can handle it though.
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You clearly just simply don't know what a "scam" and "ponzi scheme" is. No one is forcing you to buy and or invest in bitcoin, you decided for yourself. Also, how are exchanges getting hacked the fault of bitcoin? Guess what! Banks have been robbed in the past too! Does it mean that fiat is a scam? NOPE! It doesn't sound like you understand the basics of bitcoin either. There are many other coins which has faster transactions? Why are you here then? Go hop on to those coins then!
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Valve's age going to end.
Before many gamers forgive to valve all thier sins because he waiting half life 3, but for last couple of month comunity begin to understand what valve doing money and nothing more. This time it will not come down to them just like this
Valve is going to end because they removed a payment method?  First, valve never promised their users that there will actually be a Half-Life3. All the Half-Life3 being released posts/articles are rumors. Second, "what valve doing money and nothing more". Of course they would. Valve is a corporation; Why do most corporations and businesses exist? To make money of course! Also, how is Valve removing a payment method = only doing it for money? That doesn't make any sense. Lastly, I don't see why you're blaming Valve on this. Transaction fees and transaction times have been too high since months ago; until we come up for a solution I don't see how bitcoin reaches mass adoption as a payment system instead of an "investment". |
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I'm really sorry if that came out as being rude or arrogant. We've just been seeing so much redundant topics with the same questions/requests. I'd suggest joining a community that specifically talks about cryptocurrencies in general instead of talking about bitcoin specifically. Check out: https://www.reddit.com/r/cryptocurrency/Not to mention 10k doesn't even get you 1 whole bitcoin any more. It doesn't matter though since you can get fractions of a bitcoin anyway. Investments in bitcoin doesn't need to be whole numbers; successful cryptocurrency investments just depends on the percentage increase. |
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Asking for answers on "what to invest" is not asking for advice. It's asking to be spoonfed. Go to https://coinmarketcap.com/ and do research on the coins(read the whitepaper, take a look at the GitHub updates, the team, their respective Reddit communities, etc), then invest on the ones which you think has good potential in the future. Thanks. Noted. Why can't you think of the possibility that this is also part of that research that you mentioned. There are people here much more experienced and experts in this field than me. I see the posts here where people are helping each other with their opinions. Off-course I will invest after I see through all the suggestions. Thank you for your time. I'm really sorry if that came out as being rude or arrogant. We've just been seeing so much redundant topics with the same questions/requests. I'd suggest joining a community that specifically talks about cryptocurrencies in general instead of talking about bitcoin specifically. Check out: https://www.reddit.com/r/cryptocurrency/ |
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Before actually going into buying and investing cryptocurrencies, do you actually already know what you're getting into? If not, I suggest doing a lot of reading first. Invest a bit of your time on reading, as you definitely wouldn't want to invest in something you have no idea of. Don't simply buy a certain coin because other people are. Here's a good start: A Beginner's Guide to Blockchain Technology |
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too many hardforks may destroy bitcoin
Hardforks are actually healthy in my opinion. It just shows how some(definitely not all) forkers are trying to think and try out a solution for the blocksize issues. Hardforks are only bad in terms of price and crypto-newbloods can possible get confused with them seeing lots of coins with "bitcoin" in their names. I can only think of one reason. That is if all the governments ban it internationally.
The point of bitcoin is to have no government control. This will definitely NOT kill bitcoin. I can only see this causing bitcoin's price to crash due to all the fear that could possibly arise if this happens. Crash in price =/= dead. I think that a real threat to Bitcoin could be that if prices keep rising and therefore mining being even more profitable and then many more people wanting to jump on that train and therefore starting to mine. This will lead to a massive energy usage that most countries wont be able to supply. Therefore governments sure will step in and maybe prohibit mining. As mining is something physical, its not that easy to do if its considered illegal. I think that this could become a real issue for Bitcoin and crypto in the future.
Good thinking; but I don't see this happening. More miners = more blocks being mined = higher mining difficulty. If we get a huge surge on miners then profitability will go lower, hence some miners will probably move to some other cryptocurrency to mine for profit. So in the end the miner count and profitability sort of balances out. |
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Asking for answers on "what to invest" is not asking for advice. It's asking to be spoonfed. Go to https://coinmarketcap.com/ and do research on the coins(read the whitepaper, take a look at the GitHub updates, the team, their respective Reddit communities, etc), then invest on the ones which you think has good potential in the future. |
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It really just shows how we really really need a solution as soon as possible. We cant really achieve mass adoption with these transaction fees and transaction times. Right now, we currently have what? 117,000 unconfirmed transactions? If this goes on longer I really won't be surprised if bitcoin gets kicked out of the #1 spot to be honest.  https://blockchain.info/unconfirmed-transactionsI think this is just a temporary situation. There are many players who have the need to use bitcoin, but the high cost of bitcoin restraining this demand. Maybe steam will use another kind of encrypted currency instead of this service
How is "high cost of bitcoin" restraining this demand? Shouldn't it be more beneficial for them if they're accepting a currency that goes up in value? And how is removing a payment method a "solution"?? |
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Buy now when you're planning on holding for a long time, as $12000 is still pretty low in my opinion. Probably wait a bit if planning on just short-term trading bitcoin. Does the value of BTC differ from countries? Or does it have a standard value on a specific currency?
Sometimes bitcoin is more expensive on other countries due to the higher demand. Take a look at this: https://coinmarketcap.com/currencies/bitcoin/#marketsThanks for that info.. im a newbie here still trying to understand this. How does bitcoin drop or rise in value? Does it base on economy of a country or is there like a multiple server of bitcoin that drops down when others are rising? It doesn't just depend on individual countries, think of it as a whole. It depends in supply vs demand in general. Just like any other assets like stocks, if bitcoin's buy offers on all exchanges are higher than the sell offers on all exchanges, then the price rises. Vice versa. I don't get what you mean by "multiple server of bitcoin". |
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Buy now when you're planning on holding for a long time, as $12000 is still pretty low in my opinion. Probably wait a bit if planning on just short-term trading bitcoin. Does the value of BTC differ from countries? Or does it have a standard value on a specific currency?
Sometimes bitcoin is more expensive on other countries due to the higher demand. Take a look at this: https://coinmarketcap.com/currencies/bitcoin/#markets |
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Ponzi schemes are reliant on having someone in charge.
Hmmm, I wonder how long it will be until we have fully automated ponzis, distributing the coins automatically as they come in. Probably..... *ehem* bitconnect *ehem* |
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Very easy app to use.
Is the 12 words + pin code security a standard for most wallets?
Not only that it's a standard, it's necessary when choosing a wallet. If your wallet doesn't give you access to the 12 word recovery seed then that wallet's company is pretty much holding your bitcoin, not you. In bitcoin and most cryptocurrencies, you are your own bank. If your wallet doesn't give you access to your seed, then this defeats the purpose. The 12 word seed is pretty much like your wallet's password. |
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This I think completely depends in the country you're in. If the country you're in pretty much doesn't give a crap about bitcoin and cryptocurrencies in general then good for you. There are some countries though that I think requires their people to report capital gains with their cryptocurrencies (correct me if I'm wrong); especially when you're using services like Coinbase whereas your purchases and sells are easily trackable.
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Just because no one is incharge it doesn't mean it's a ponzi. A ponzi scheme most of the time promises certain amounts of returns (e.g. Bitconnect's 40% returns per month). Bitcoin doesn't promise us anything. We're just making assumptions that we're getting returns in the future. A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. -investopedia: source: https://www.investopedia.com/terms/p/ponzischeme.asp |
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There is no such thing as "unhackable"; though both Trezor and LedgerNanoS are both surely difficult to crack compared to software wallets, and you probably need to get hold of the victim's wallet device for the hacker to crack.
I'm pretty sure if a seller altered the device in a malicious way, there are ways you can check if the software and hardware in your device is working as intended. I'd prefer buying from the original source though, just to be extra sure. I personally don't like taking risks when talking about my cryptocurrencies.
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