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Why would you be late? If you still don't see bitcoin or other cryptocurrencies being accepted almost everywhere, then you're far from late. People were asking the same question when bitcoin reached $1000. and $2000. and $3000. etc. I can see it happening again in the next $1000 increments.
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I think that this all was a very giant fud, i have never believed it, i mean, there were tons of news about china and cryptocurrencies, that is why i started to suspect about thinking about that maybe this all was fake. Anyway, i still believe in that there is a minimum posibbility for cryptos to be banned by any government, we only have to wait until that happens.
Not everything was a FUD. Even though the Jamie Dimon one obviously was FUD, most of the negative news on China were real (specifically, exchanges closing and the ICO ban). The price crash was quite big only because people were over panicking, probably expecting the price to drop to like $1500-$2000 as if the world has banned bitcoin or something. On the bright side, all that FUD probably balanced out with the FOMO. So I think this will cause bitcoin to have more of a sort of "natural" increase in price instead of it skyrocketing because of all the FOMO. |
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The question is, did you enter your private keys onto the MyEtherWallet phishing site? or maybe upload your UTC/JSON keystore file? If so, move your funds asap to a brand new wallet (preferably a hardware wallet, as always), but if not, I would still move my funds to another wallet just to be completely sure. Also, do a full scan on your computer with your preferred Anti-malware program (Malwarebytes recommended). If you want to be completely sure if you're safe, do a full reinstall of your operating system.
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before hardfork, iam sell all my bitcoin balance
and then iam buyback again after bitcoin price crash and down
this is what I mean actually. Do you think the same that the price will dump before hardfork? we better get ready for this. We can only make guesses for now. With the bitcoin cash hard fork, people were expecting bitcoin's price to crash. It didn't, maybe only a slight dip but definitely not a significant decrease in price. Another couple of risky months for the bitcoin holders for sure. It is too early to give you my thoughts, but of course i will keep holding my bitcoins, i want to receive the free coins, and i will do the same as before, i will sell the forked coins in order to buy more altcoins, or just withdrawing it, because it is free money. Anyway, there are more than 2 months left, so i dont know yet, maybe i change my mind in some weeks, i dont know.
/ What free coins will be given in next fork? The Segwit2x version of bitcoin. No official name for now I think. |
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For more than a year that I've been active in the cryptocurrency ecosystem I personally haven't come across bitcoinofamerica.org yet so I really couldn't recommend that you continue using it. If you're from the United States, try these sites out. Choose the one that works best for you. Maybe compare the prices or so. |
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I only personally used faucets when I was first starting out on bitcoin just to have an idea on how bitcoin works, only using it to transfer between multiple wallets; just to have a general idea on how fees and transactions work. But it is really really not recommended that you do faucets if you're goal is to earn, as I'd rather get a job at a fast food chain like McDonalds and use my wages to buy bitcoin.
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Read. EVERYTHING. Especially the whitepaper. Also, check if the coin and or the whitepaper is not just a direct ripoff of another cryptocurrency; oh yeah, and the team too. Check if they're actually real people and not just random names and random photos of other people.
What are the major sites? The official website of that certain cryptocurrency. Usually the subreddit, the Slack group, the GitHub repository, the official forum, etc of that certain cryptocurrency is linked in the official website.
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Does it bother me? Nope. I really don't care if bitcoin crashes tomorrow. I don't care of it's short-term price fluctuations. I'm here for the long haul. This is an investment in the first place, don't expect top dollar gains in a few months. If everything goes right for bitcoin I'd expect good returns in the future.
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Come on now, no Andreas Antonopoulos??? This is madness!  Anyway, here are some you might probably want to add to your list(all videos links to YouTube). Check them out: |
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I would definitely like a good cryptocurrency podcast while doing my daily morning jogs. You mind uploading these podcasts on YouTube? As YouTube is definitely a lot more accessible to people and probably a good number of people here don't use Apple devices (and iTunes). When looking for people to guest for you though, I suggest contacting small to medium sized cryptocurrency YouTubers instead.
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Ah, thanks for the clarification!
As I said I am new and the only reason I signed with slack was because I was following some ICOs. I realise ICOs are a target for scammers and that's why I see so many of them, as I am not using it for anything else.
Maybe I am just a bit paranoic but I try not to trust anyone!
Again, thanks.
Slack is a great platform for developers and the project's followers to communicate. Just make sure to think twice when clicking links especially from private messages, as I've definitely seen a lot of people complaining on social media like Facebook on how they got scammed by the "developers" and calling the ICOs scam/fraud even though the devs were definitely not involved. |
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I'd personally start here: https://www.coindesk.com/information/ and https://bitcointalk.org/index.php?topic=1631151.0That will probably be enough information to get you to sort of slightly below average knowledge on the basics of bitcoin or blockchain technology in general. You'd get a bit overwhelmed at the start for sure, probably due to the good number of terminologies you need to know, but you'll get there. Just don't rush the learning process. |
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agreed 100% Bitmain does not represent all Chinese miners. Other asians also don't like them.
And them doing this.......this is very bad.
Bad how? I don't get it. They're not forcing you to use bch or to buy their miners. Go buy from innosilicon or giga watt. You'll learn to appreciate bitmain. Less hashpower on the main bitcoin chain. That's also a significant negative effect, but not necessarily "very bad" like Thetaj said. Bitmain supports BCH, so I'm not surprised they made this move. Also, this is to be expected because of bitcoin's decentralized nature; we should always expect lots of disagreements between two or multiple parties, forming possibly more sides or "factions" in the future. why arent there companies other than bit-main.
There are. Other Chinese companies are only significantly smaller compared to bitmain, so they don't get that much attention on international crypto news. |
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There are lots. There is no "best" exchange site; it only comes down to what certain cryptocurrencies you like trading, and what your User Interface/chart interface preferences are. Try them out, then go use the one you prefer the most. https://Bittrex.com/ - My personal favorite. Been using it for half a year, no problems as of now https://Poloniex.com/ - has been said to have bad customer support, not recommended https://Bitfinex.com/ - Probably as good as bittrex, but with less coins to trade on https://etherdelta.com/ - Personally haven't tried |
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points taken.. if to say that 90% was scam my friend is doubling their eth in matter of times..
scam or not... maybe just more whitepaper and research
The thing is, just play it safe. Why go risk investing in ICOs if you can go for safer bets like Bitcoin, Ethereum, and Monero? I get it. You can definitely sort of like win the lottery if you chose a good ICO, but it's pretty much high risk and high reward. If you still plan on going in on ICOs, don't go all in. Probably as small as 5% of your crypto bank roll. - Just my 2 satoshis. |
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"In a prime example of real-world adoption, Japan’s Financial Services Agency (FSA) just endorsed 11 cryptocurrency exchanges, giving them official licenses to sell Bitcoin, Ethereum, and other altcoins to Japanese customers." Good lord, FINALLY. After a whole month or two of having nothing but bannings and FUD, we finally have some positive news for once. Kudos to Japan; hopefully we get more positive news from other countries in the future.
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Here are some that I can think of on the top of my head: - It's volatility in price(currently). Hence holding your funds entirely on bitcoin is a huge risk despite the advantages.
- Very unsafe for careless and technologically-illiterate people. Logging in to a phishing link? Say goodbye to your exchange's funds. Forgot to list down your wallet's seed? Say goodbye to you wallet's funds.
- Unable to operate offline or non-electronically. This is a downside on more on the 3rd world countries, whereas most poor people can't even afford smartphones or any device that can hold bitcoin.
- Not-so-good transaction fees and time. Transaction fees and times are definitely alot better now compared to months ago, but I still remember the days when txs were almost instant, with very very low fees.
- My personal opinion: The name "bitcoin". I personally think it sounds like something a person involved in pyramid schemes and Ponzi scams would use.
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