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?
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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
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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.
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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.
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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.
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I hope the Bitcoin becomes the new money in the world, like you said we can buy clothes with bitcoin, pay tax with bitcoin and buy house and car with bitcoin, actually there are many countries accept bitcoin, but some ban this bitcoin like china. So it depends on what you think, if you thing it is great then you can keep it, otherwise, don't touch this thing.
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.
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Afraid of bitcoin and virtual currencies in general? I don't know anyone personally who's like literally scared of it. Maybe banks. Probably just like what most people said in this thread, older people, or more specifically, non-tech savvy people. They probably just couldn't grasp the technicalities on how a currency could exist without a company/organization controlling it. It honestly would be very difficult to explain to them how the transactions work, mining, the blockchain in general, all those stuff.
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In my opinion, bitcoin's price can only be predicted to a certain extent when reading charts. I personally think news like bitcoin legalization and banning, forks, new companies/organizations accepting bitcoin as payment, stuff like that has a lot more effect on bitcoin's price. So yeah. Be updated on the news, keep on reading. Some good news sites:
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Anything I can do to get my money?
If walletexpress.net is indeed a scam site, then nope. They're gone. It looks like you invested in bitcoin without even knowing what it is and what it does. There are no chargebacks in bitcoin. Make it a habit of doing extensive research first especially when spending a good amount of money on a website. Heck, I spent hours in the past making sure if an exchange is legit just because I wanted to trade with $30 worth of bitcoin.
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Go through the top 100 cryptocurrencies on https://coinmarketcap.com/ and research on most of them, or all, depending on how much time and effort you're willing to spend. Make sure to take your time on this. Remember, investing involves money. You wouldn't want to lose it. You can read on the new cryptocurrencies on the Announcements (Altcoins) forum, link: https://bitcointalk.org/index.php?board=159.0How many fail? A lot. How many grow? It depends. In terms of functionality in general or in price? How many sky rocket? If you see a certain cryptocurrency being shilled/hyped alot, chances are it's gonna rise. But that doesn't mean it's going to be a successful project.
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Move past through most(95%) of all the ICO bullshit and just invest in bitcoin and some other reputable cryptocurrencies. Which coins specifically? Go for DYOR(Do Your Own Research) coin. I might sound a bit harsh, but that's pretty much it, and I'm pretty sure most people will say the same. Don't automatically buy a coin just because it's being shilled; do research first. A coin can skyrocket by just shilling, yes, but you're going to have problems longterm. Best of luck.
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Quite possibly due to the two upcoming forks in the future. People thinking that they're getting "free money". Possibly people who missed the free bitcoincash months ago. Well... It's getting more and more difficult for a beginner like me to get in the bitcoin world...
Why so? What does price have to do with the knowledge you can gain by studying cryptocurrencies? If you're talking about investing, then it's just gonna get harder and harder to buy cheap bitcoin if you continue waiting.
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Is it a good idea? Yes. But to make profit, your teller machine has to have high markup prices, just like the prices of most bitcoin teller machines
Is it still a good idea even with fluctuating prices? Yes. Your teller machine should be programmed for the bitcoin price to automatically move up and down depending on what the current price is. Probably taken from the average bitcoin price of multiple exchange sites for better price accuracy.
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I've thought about this like a year ago, but I don't remember where I posted it exactly (probably Reddit) and unexpectedly people were giving me shit and downvotes for some reason. LOL. Anyway, Assuming bitcoin would drastically rise in price in the far future (probably at 5 digits), I'd prefer that people would use the denominator "sats"(short for satoshi) as it definitely sounds better compared to "bits", as it sounds too generic in my opinion.
A can of soda = 3 sats. or something like that. Depending on what the price of bitcoin would be ofcourse.
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after 5years bitcoin is much higher in value than today.
Thanks for the very deep and informative analysis dude. Hopefully the readers can understand your very complex interpretation of the markets. That information will definitely help us a lot.
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Bitcoin in 5 years in terms of price? Most likely definitely a lot higher than where we are right now. Sure, there will be rise and dips, skyrockets and crashes, there definitely will be more FUD(and a lot of it), but at the end of the day the price will always most likely stabilize at some point one way or another after a lot of positive and negative news that may hugely affect the price.
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All cryptocurrency exchange sites are vulnerable to hacks to an extent. Exchange sites are a frequent target for hackers simply because if ever so they steal a good number of funds of a certain exchange, they can certainly get a way with it without a trace. That's why it's never suggested that you leave your funds on exchange sites for more than a few hours. Always withdraw them to your own wallet.
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Is there a way to get your funds back? Nope. Use your mistake as a lesson. Never fall for the same scams again. How do you know if a website is a scam? 200% investment return with our 10 hours investment plan, Fully automated payouts, Only 0.02 BTC minimum and 10 BTC maximum investment limits Our automated system gathers information from the blockchain transfers and cryptocurrency exchanges to study and predict the bitcoin price, our servers open and close thousands of transactions per minute, analyzing the price difference and transaction fees, and use that information to generate profit. Please, tell me how that doesn't look like a complete scam? Maybe think twice first before throwing in your money on some random obviously-a-scam website?
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Hi all,
I didn't want to open a new thread, so I will post in this existing one. I got into the crypto business about 2 weeks ago, and I was taken by surprise with the altcoins crashing due to the coming Bitcoin fork. How long will this depression last?
No one really knows when they will stop dropping, really. No one can make predictions with guaranteed certainty. Your best bet would be to check when the bitcoin gold fork will take place, then set a certain day when you're going to buy the coins. Then stick to your plan.
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Depending on what country you're in, your best bet to buy bitcoin is on Coinbase.com; then do trading on Bittrex.com. There are other reputable exchange sites as well, but bittrex is the best in my opinion. It also has a good number of cryptocurrencies available for trading.
How do you trade? For now I suggest trading with a very small amount. 3-5% of your total holdings; just to get a feel on how the markets work and move. It would be real stupid to go all in on your first day. Best of luck!
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