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Bitcoin is expensive simply because it has high demand, and with a very very limited supply; and don't even say "only a cryptocurrency". This is innovation, and the future of money. Also, you don't need to buy one whole bitcoin. You can buy in decimals (e.g. 0.005 bitcoin) or so.
I suggest doing research on this. So you may know why bitcoin isn't "only a cryptocurrency".
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I suspected as much, but figured it wasn't my place to say so... honestly, why do people do this sort of thing? What do they gain out of it?  You may DDoS and ask for ransom. You can DDoS your competitors website to get their customers. You can DDoS a Tor node to try to find it. You can DDoS a service you hate. Lots of reasons. Internet is not a friendly place. If i'm mixing .512 btc, and i would receive .05 the remaining .012 BTC will be donated?
If you send 0.512 BTC (512 mBTC) to deposit address, you will receive 512 mBTC chip. You can split it into smaller ones and donate as much as you want. Whatever that caused bitmixer to close(I forgot what caused them to close), might can also be the cause ChipMixer to close in the future if it was something involving the government or something.
Nobody knows what caused them do close. There is only speculation for example here: https://bitcointalk.org/index.php?topic=2194145.20Yes I was also speculating. I'm not saying it was because of government intervention, it's just that I couldn't think of any reason besides that for them to close just all of a sudden, hence my assumption. Just my guess. I could be wrong ofcourse. such a mess. just sent some coins, a quite large amount actually to your mixer, and 5 sec later the website was down
504 Gateway Time-out
fuck, what to do now??
Seems like the main site is still getting DDoSed. For now it would probably be better to access chipmixer through the Tor link. |
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I'm pretty sure the US feds are doing the same, if not making cryptocurrency surveillance more seriously; they probably just didn't announce it to the public. People buying bitcoin usually has their bank account affiliated with their exchange's account so it would be easy for the feds. If only it was easy to buy bitcoin via peer-to-peer. Unfortunately buying on sites like localbitcoins aint cheap. There's always a huge markup on prices.
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Bitcoin crashed to a very cheap price on all exchanges, not only on Chinese exchanges. What do you mean by "the buyers has hand in what happen in China"? Bitcoin's price stayed at the $2900-$3200 price range for a good number of hours, so people who were online at those times had a good chance of grabbing cheap bitcoin.
Who is responsible for the price decline? All the FUD that has been spreading at those times; but mainly China's banning of ICOs and exchanges, since some people were probably assuming China would ban bitcoin too(again lul).
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What do you want to know specifically? In trading you basically buy a certain cryptocurrency at a certain price hoping that you can sell it at a higher price to get a good/decent amount of profit.
Should you invest big? It seems like you're new to cryptocurrencies and trading. So, the answer is no. Go deposit a small amount for now and trade a bit to get a feel of the markets.
Is it worth it? It is if you're good at it. Obviously not if you don't know what you're doing.
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I am currently using bittrex but it doesn't have much coins listed in it.
Bittrex is one of the best exchanges in terms of number of supported cryptocurrencies. It supports ALOT of cryptocurrencies, what more are you looking for?  If you're looking for certain cryptocurrencies, head over to https://coinmarketcap.com/ and search for the coin you're looking for, then click on the "Market" tab so you know what exchanges you can purchase them on. |
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The news that Amazon will be accepting bitcoin was BS anyway. There weren't any sources to back the headlines up. I'm not sure if I would call it "news" anyway, it was barely "news", it was just an opinion or a prediction of a person; it was something along the lines of, non-verbatim: "a lot of companies/organizations are starting to accept bitcoin, so Amazon should/might do the same in the future". Though I'm still optimistic that they would directly accept bitcoin in the future, so we wouldn't need to buy from Amazon using bitcoin through Purse.io anymore. P.S. Article is not so good. There are lots of better articles with the same topic than the link OP posted: http://www.newsbtc.com/2017/09/23/amazon-will-not-accept-bitcoin-payments-anytime-soon/ |
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I know Amazon currently doesn't accept bitcoin(recent news about Amazon accepting bitcoin might be untrue), but you can purchase from Amazon via bitcoin by using purse. Check it out: https://purse.ioAlso, another very famous site I use that accepts bitcoin as payment would be Steam. Some other famous sites: - NameCheap
- Subway(unsure)
- Reddit
- NewEgg(not sure if they still accept bitcoin)
- Various VPN/proxy sites
And by the way, Lamborghini accepts bitcoin too.  |
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Do I personally follow trading signals to make profit? Nope. Because most "trading signals" or "prediction" telegram groups only exists to pump certain cryptocurrencies. Wonder why they tell their members to buy certain coins? Nope, not because the price will rise, but they tell you to buy so that the price will rise. There's a difference between both. Demand goes higher, supply goes lower = price goes higher.
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The recent setbacks just delay the progress of bitcoin. But that does not means that bitcoin wont improve from here. So far, it is estimated that about 1% of the world knew about bitcoin and about 5% of these 1%, which is roughly about 5 out of 10,000 people get into bitcoin. And this is increasing throughout the years, so when more people know about bitcoin and even believe in bitcoins, bitcoin price will keep increasing as it is limited supply.
I'm pretty sure the recent setbacks didn't delayed the progress of bitcoin in whatever way, it only delayed the price from increasing further. I'm pretty sure the developers weren't like, "oh shit China banned exchanges! what are we gonna do now!?". Nope. Of course it is heading to $25,000. It is heading to trillions, but when is the question. I think that'll happen in 20 years, but the $25,000 I think will happen in 5 years.
Trillions? Come on now, let's be a bit reasonable here. Saying bitcoin's price will reach trillions is a bit too far fetched. |
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I'm not 100% sure if this is going to be the Chinese government's approach, but they will most likely add all international cryptocurrency exchanges to their great firewall. Same with what they did with Facebook, Google, etc. Also, China isn't supported by Coinbase along with alot of other countries. China can use VPNs and proxies for sites like Bittrex, but it will be pretty difficult for the Chinese people to convert their FIAT to crypto and vice versa.
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You need to have a higher rank to unlock having more characters and lines for signatures. Looking at your BB code it looks like you exceed the number of characters for a Newbie, as the signature you've created would only probably fit on a Full/Sr member in minimum. - Newbie: No styling (including links) allowed. Max 50 characters.
- Jr. Member: Links allowed. Max 150 characters.
- Member: Unlimited length.
- Full: Color allowed.
- Sr. Member: Size allowed
- Hero: Background color allowed
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Just a newbie
I suggest you do not invest first, you can get token of a project for free just by like and share each post of their facebook page, it's good for you to understand about crypto currency rather than having to spend money. free coins? well, I tried dodge but did not get anything on my wallet... Don't focus on the free stuff. Grab a small number of bitcoin, then do research alot about it. That's a much better plan than just going in on something just because you want to earn money. Newbies always tend to overlook the great technology around bitcoin and blockchain technologies in general. |
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I don't think it will dump exchanges, but it will be a good alternative as you wouldn't need all those verifications like exchanges requires. One of the reasons people use exchanges is to convert their cryptocurrencies to fiat or vice versa. We can't do that via atomic swap (currently). Then again, I don't completely know the technical aspects of atomic swaps as I haven't read much about it and I personally haven't used it as it is still very new.
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Welcome to the cryptocurrency community Well, it's pretty hard to give advice since we don't know what you're planning on doing in the cryptocurrency world, but I'll give you 3 general advice instead. 1. Read. ALOT. The worst thing you can do as a beginner is to go balls deep on something that you don't even understand. Read articles or books, watch some YouTube videos, and read some more. 2. Never invest more than you're willing to lose. Yes, saying that makes me sound like a broken record, but I couldn't stress it enough. If you think you know enough about cryptocurrencies and you wanted to invest, never EVER go all in with your savings. 3. Don't invest in cloud mining or investment sites. I'll admit that I was planning on investing on these stuff in the past, but after thorough research, I realized that they're pure BS. Don't get blinded by the advertisements you see. BONUS: Important. Do extensive research on how to protect your cryptocurrencies if you ever have some. It's common seeing people making posts on how their coins gets stolen. Better safe than sorry. Lastly, don't be like THIS GUY |
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I think it's stupid. Why involve your grandma in this stupid plan. She should be spending this money now.
lol yeah, she's old now and she doesn't have much time left to live and you are involving her into a dipshit plan of your curiosity. What will she do with the profit she makes, If any? Ooo good lord I got triggered real bad after reading OP's main post, whether or not this is real. " I told my grandma to put all her lifesavings in Bitcoin because you guys said it will only go up." oh my fucking god. WHY. THE. FUCK. WOULD. YOU. INVOLVE SOMEONE ELSE THAT DOESN'T KNOW ANYTHING ABOUT BITCOIN. I would call you stupid if you went all in with your money on bitcoin. But noooo, you did worse OP, you got a family member to invest in something she had no idea on. You should be spending that money making her remaining life meaningful, like going traveling or something. fuck me. I need to smoke and have a beer after reading this. seriously. |
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Well i just got tired trading usdt-btc only so i thought i should put my whole investment in bcc, at 0.123 price(stupid move, but hey, i'm a rookie), and thought i should sell it at 0.127 bcc, then sell all my btc at 4100 again. But this little crash made me realize that i have done a stupid move  , and also the fact that i bought the BCC HIGH. I guess i didn't spent enough time thinking about it. Meh. Common mistake. I did the same with IOTA in the past. Making decent profit everyday trading at around $.79-$.93. Guess what? I got too greedy and went big on around $.79. Then the crash happened the following day. LOL. An expensive mistake. But it's a lesson I guess. Should you sell right now? It depends if you think you can make it back with the loss you're taking. But personally I'd just hold. |
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A lot of people expected this second dip when the prices went back to around $4000, including me. It's not like I did like super extensive chart analysis on the prices, it's just that bull traps has happened alot in the past and I didn't see why it wouldn't happen again. I personally think it's gonna go back up to $4000 after this dip though. The only question for me is that how long are we gonna stay at the $3500-$3600 price range. Take this with a grain of salt as I'm in no way a pro trader.
How did you end up in BCC while trading BTC though? LOL
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