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. |
|
|
|
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. |
|
|
|
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 |
|
|
|
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. |
|
|
|
|
"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.
|
|
|
|
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.
|
|
|
|
Are you new to bitcoin or cryptocurrencies in general? If so, I'd suggest you don't go straight to trading and investing immediately. I suggest learning about blockchain technology in general first, before going deep into crypto. Trust me. This is a huge deciding factor when deciding on what cryptocurrencies are actually good or bad and also, which ones to invest in. A Beginner's Guide to Blockchain Technology: https://www.coindesk.com/information/ |
|
|
|
I thought the exchange never opened in the end
Here you go: https://bitcoin.com.eg/ the scheduled opening just got delayed, and is currently still not open. But you can already sign up just so you get an email notification when it opens. Also, you're free to trade cryptocurrencies on exchange sites like Bittrex.com. Just a heads up just so if you're planning on doing cryptocurrency trading in the future. |
|
|
|
|
Easy. Don't give in to "investment" sites. Since 99.9% of them are just bullshit anyway, and is only made to steal from you. You want to invest? Simple. Hold your bitcoin and other cryptocurrencies, keep them extra secure, and just be patient. If everything goes right, chances are, the prices will rise.
|
|
|
|
|
I think if Satoshi Nakamoto revealed himself/herself/themselves, it would pretty much have little to no effect in price. Because why would it affect the price? Unless Satoshi is like Bill Gates or Elon Musk I don't think it matters that much. It just depends whatever information he/they give out.
Though if he/they ever reveal himself/themselves, Satoshi would definitely have a huge huge influence over the masses. If ever Satoshi says something along the lines of "X cryptocurrency is now better than bitcoin" or something, definitely expect a huge price swing, even though technically Satoshi doesn't have any authority over bitcoin even though Satoshi is the inventor.
|
|
|
|
|
Yes, I'm pretty sure they can. I don't think there's a sort of contract or agreement whereas they can't just run away with the offerings. Like just what DaMut said, this is probably the main reason China and South Korea banned ICOs, and that's to prevent their people from getting scammed. This is a perfect reason that you do extensive research before getting in on an ICO.
|
|
|
|
Some coins are good, some are bad. There are lots and lots of horrifyingly bad cryptocurrencies out there, and currently multiplying; but at the same time there are very good ones also. You just have to read a lot about those certain cryptocurrencies to know if a certain cryptocurrency actually safe and worth something or not and is not a scam or a cashgrab.
Right. Doing deep research/analysis is part of the "job" i guess. It would be awesome if someone could share their past history about how they got scammed or something to watch out for in more detail. Thank you for your post tho, good luck  A good example would be "ErosCoin", not 100% sure of the name as I'm not 100% if I remember correctly. But what happened is they started an ICO, then they just ran away with all the BTC/ETH offerings after a few weeks/few months. Another good example is the past ChainCoin pump. Not necessarily a "scam", but it's a good example why you should do your own research and not just listen to shillers and pumpers. It's a perfect example of a pump and dump scheme. A few months ago a cryptocurrency YouTuber named "HighOnCoins" basically told his viewers to buy a certain cryptocurrency named "ChainCoin", claiming that it's a "Pump and Hodl" not a pump and dump. Guess what, a day after, the price skyrockets, even though the project has been long dead and no developers are even working on it. The huge increase in price also convinced alot of people to go big on that coin, thinking that it will continue to rise more. guess what happened a few days after? Chances are, the bigger buyers already cashed out and bailed after ChainCoin reached a certain pricepoint, leaving most of the people with worthless coins.  |
|
|
|
|
I honestly would only use it if I we're to have a transaction in person, and also if I'm planning on paying/receiving the payment in cash. That way my bank account wouldn't be involved. It just like simply buying a tangible item from a person in your city; you send the btc, then the buyer gives you the cash.
There might be scammers on localbitcoins, for sure. You just have to choose the right users to buy/sell on. You can view their reputation there and also how long they usually respond to offers.
Also, I don't suggest receiving PayPal funds from localbitcoins users that aren't really that trusted, as they can easily do a charge back.
|
|
|
|
People in the cryptocurrency universe mostly only get robbed via shitty ICOs and shitty security, as some people even admit that they only save their private keys on a .txt file or a .doc file. Might aswell hand over your money to the hackers. The best way we can help the newbies is to inform them, early on. Most have to get hacked for them to realize how important wallet security is. Yes it is Crypto. It's just like fiat moneys. Purchased, Paid, and other similar words. Money is run by people, The crypto is the same. The money people use is the crypto as well. What i want to say is to be careful as you keep your money. Crypto has nothing to do with thefts. It is responsible for the people who are using it. So, the only thing I can advise on you innocent beginners is to be careful about every step you can take in. Just like keeping your money.
The big difference is, money is run by peoplethe government. Most cryptocurrencies are run by the people, for the people.  |
|
|
|
|
Some coins are good, some are bad. There are lots and lots of horrifyingly bad cryptocurrencies out there, and currently multiplying; but at the same time there are very good ones also. You just have to read a lot about those certain cryptocurrencies to know if a certain cryptocurrency actually safe and worth something or not and is not a scam or a cashgrab.
|
|
|
|
|
If your banks going to lock up your bank account if bitcoin is involved, probably go for localbitcoins.com instead. You can probably set up a meetup with a localbitcoins buyer and receive your money directly in cash, depending on how much you're planning on selling of course.
|
|
|
|
Looking great! Probably just need to work a bit more on your user interface. Default font is slightly too small in my opinion. Raise it up a notch by 1px or 2px and we're good. Really love the cryptocurrency-specific news feed when viewing certain cryptocurrencies. More suggestions: - Probably add a "Number" column before the symbol column
- *minor* add a $ sign before dollar values in your table
- Add links to the official website, community forum, whitepaper, etc when viewing a certain cryptocurrency
- I prefer using day mode when viewing sites in the day. But the day mode version of your site is very bad. Work on it a bit. Probably add a bit of gray colors on some sections, just so the theme wouldn't be purely white background
|
|
|
|
|
Currently, I don't think that we have that kind of web app (not 100% sure). Though that's a great idea for a web service, but I personally think that detecting certain market trends can be quite complicated to code. If you could afford it, probably hire a decent programmer to make one for you (probably one from a 3rd world country so you could pay a bit cheaper).
|
|
|
|
Your activity updates every two weeks. Your rank updates after you reach certain thresholds of activity. The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts)
Rough summary of what this means: If you post once per day on average, then you will eventually get the maximum number of activity points that you can get. Posting more than once per day on average is useless for increasing activity. The maximum number of activity points you can get is 1 per day, but your activity score only updates every two weeks. Therefore, it will take about 100 days to get 100 activity if you post once per day on average.
Activity is updated every hour.
Jr. Member: Activity: 30 Member: Activity: 60 Full Member: Activity: 120 Sr. Member: Activity: 240 Hero Member: Activity: 480 For more information on ranks: https://bitcointalk.org/index.php?topic=178608.0 |
|
|
|
|
Show Posts
