What he did was completely and utterly stupid. Even possibly dragging his family down and significantly risking their future with him if things went completely south. He took a huge risk and won as he was lucky; a lucky idiot, that is. Congratulations to him though, I just hope he doesn't pull off a similar idiotic move in the future.

Do I think he will be a rich man in the future? Definitely not if he continues to take these huge gambles.

Currently ICOs are definitely the #1 reason on why ETH is being used, besides using it for trading. The thing is, as long as people are willing to offer up ETH to ICOs, then I don't think ICOs are going anywhere. They're making good money even without a working product. But yea, if ICOs were to stop, ETH will definitely go lower in price, unless there's some huge ETH update that makes it very useful or something along those lines.

1. Did you hold your BTC on exchange on August 1st?
Nope. Because leaving funds on exchanges are really unsafe. Also, whether or not there's an upcoming fork or not, it's always best to leave your funds on your own wallet.

2. Are you going to hold on exchange during Bitcoin Gold fork and during SegWit2x fork?
Nope. Why? Same answer as my first answer. Also, it takes time for exchanges to give you access to your forked coins. Sometimes they don't even give you access, depending on the exchange.

Why would a dump be expected? A good number of people might sell their bitcoin to convert them back to altcoins, but I wouldn't call it a "dump". Also take into consideration that people will most likely sell their bitcoin gold asap for more bitcoin(BTC). So I think things will balance out. We might get a small dip, but it wouldn't be too significant in my opinion.

Just make sure you don't save your private keys in a text file or something. Always keep your private keys non-digital. I suggest using Exodus wallet: http://www.exodus.io

Also, take note that when using wallet apps like exodus, your wallets are still separate. The only difference is that both your ETH and BTC wallets are only in one Application.

I'm pretty sure this wouldn't make a person interested. "just by memorizing some jumbled numbers and letters". Nope.

I would prefer electronic money instead.

Too vague. People call a lot of newer technologies "the future". I wouldn't use it, as it also sounds like someones trying to sell something.

Decent. I suggest also stating to the person that bitcoin is still in it's early stages, therefore not very user friendly at all, just like how the internet was in the past, whereas everything was basically command line. Did people actually call the internet a "fad" in the past though? Sorry, millennial here.

Good point, but remember that bitcoin is easily stolen from people who are not tech-savvy and pretty much don't give a shit about security. Like people who save their private keys on like a Word document or a .txt file.

I don't think faster than 1-minute price updates wouldn't be a good idea, that's why you don't see exchanges having faster than 1 minute price updates. That would make your browser use so much resources to the point that your browser would most likely freeze because of your computer running out of available RAM, especially if you don't have a high end device.

What about.. eTHEREUM? *badum tss*

Jokes aside, just to add to what midvoc said, OP make sure that you're getting the right mining software at the right place. Don't just Google something like "fast and easy bitcoin mining program" or something along those lines as you may end up clicking a scammy Google advertisement. Also, don't expect to make much with mining especially if you don't have ASIC miners. Go mine for a while just to have a grasp on how transactions or mining in general works.

I mean, it can definitely go back down, but the drop wouldn't be too dramatic. A price dip would probably best describe it. Probably like $5600 down to something like $4800 or something along those lines. That's like $500-800 down in price, but I think if it were to go down, I'd expect it to go back to a bull run in no time, as I think were not going to see any FUD for a while.

Still hoping for 5 digits price on this December. *fingers crossed*

But what if instead, people sold the bitcoin gold to buy more bitcoin though? 

It won't go anywhere unless the miner count goes to zero (very very unlikely), or an electromagnetic pulse(EMP) happens, damaging most if not all electronics along with internet connections. I honestly don't know much about it but I think it's very unlikely.

Probably true, but that doesn't answer OP's question.

6-10+ years only? Why do you think that?

If you bought it in the first place, it's because you're probably confident in it due to it being a good project(unless you bought because some people told you to) and you probably think it would go up in the future. So what's the problem? Seriously. People in the crypto-space always expects to be overnight millionaires. This is an investment. It is going to take time.

What will happen if you die without anyone having access to your private keys? Your bitcoin will be lost forever.

Personally, I have one brother and one sister. So just so the funds would go to a family member when I die, I'd probably give the first half of my wallet seed to my brother, and the second half of my wallet seed to my sister. The only issue with this is you definitely need to trust them to not steal you bitcoin while you're still alive.

Best way to invest? Simply just buy bitcoins right now, then simply hold it and keep it very safe. Go for the long haul. If everything goes right, theoretically bitcoin should just continue to go higher and higher. Sure, there will be dips and drops, but after every drop in price the lowest price point rises as well. So yeah, but BTC, forget about it for years, then comeback and look at the gains.

Why not just go in right now if you're planning on holding them long term anyway?

Think about it. Crashes always happen for a reason. Weeks to months ago bitcoin crashed due to bannings of ICOs and banning of bitcoin itself on some China specifically. Why do you think it will crash again? What reason do you have in mind?

The bitcointalk Beginners & Help section is for literally what it says, for beginners asking questions or opinions about cryptocurrency stuff.

If you wanted to post your cryptocurrency and or ICO, post it on the Altcoin Announcement forum: https://bitcointalk.org/index.php?board=159.0

1. How you all work in this crypto world? Are you miner, trader or something i dont know before ? How is it going?
Hope i can be at your position now

I'm a small time bitcoin(or cryptocurrencies in general) investor and long term trader. Also, I'm currently a member of a signature campaign here in bitcointalk, which definitely helps me financially. How am I doing? Very good! Bitcoin is currently on it's all-time-high at $5745.86. Can't be any happier today.

2. Telling about research on coin or altcoin like in ICO or not, how you make it on research ? What kind information do you search or trying to found ?

Just read the whitepaper. Think for yourself if the project actually makes sense and is going to be useful in present and in the future.

There are multiple posts here in the forums about what to look for in an ICO or in an altcoin for you to decide to invest or not.

You only need to think logically if you want to determine if a website is a scam or not. If you want to mine, then buy GPUs. Don't use those "cloud mining" and "investment" websites. 99.9% of them are pure BS. Also, if websites offer returns that are too good to be true, it's definitely too good to be true. No one in the right mind would give you 2x gains in a month.

Most people are happy and confident because they think the 2 upcoming forks(bitcoin gold, possibly segwit2x) are just "free money"; thinking the same exact thing would happen like in the past with BitcoinCash(BCH). Unfortunately the more sort of "factions" or "sides" bitcoin has, the more bitcoin is becoming centralized, which is really bad in my opinion. Unfortunately though(again), it's pretty likely that there are gonna be more disagreements in the future, hence more bitcoin hardforks.

Just use whatever wallet of choice as long as you have access to your private keys. That's it and you're good to go.

True, we can buy clothes, pay taxes and buy houses and cars with bitcoin. But currently, most, not all of the companies in these industries don't directly accept bitcoin. We mostly only pay through a third party, then that third party will pay these industry companies with fiat. It's pretty much just like selling our bitcoin for fiat and then paying these industry companies. Just slightly easier as we have a 3rd party to do it for us.

I hope the day that we directly pay people bitcoin isn't too far from present.