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Joining those so called "trading groups" usually isn't a good idea anyway, as usually those groups are just pump and dump groups in disguise. You don't even need to join a group to be a trader. I myself, I try my best for my opinions on a coin not to be easily swayed/manipulated just by reading a uninformative Facebook/Reddit post. Just simply do your own research, and don't go all in when trading.
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Following my step, you easily earn ~50$ per day
1. Join Telegram Pump Group (Trusted)
2. Waiting for signal and pump waves
3. Do fast will earn about x2 your balance
4. Sell quickly or price down very fast
Stay away from Pump and Dump groups, OP. People benefiting from pump and dump schemes are usually only the higher-up members or the channel owner itself. Anyway, you already got a lot of answers for your questions 1-4, so let's talk about the fees instead. You can save a bit of cash by buying bitcoin patiently, waiting for dips before buying(not saying it's always the right move, though). The fees you should only look out for in my opinion is the deposit and withdraw fees, as the exchange trade fees are usually so low that it's quite irrelevant in my opinion. Limit your withdrawals by probably once a week instead of daily to lessen the withdrawal/deposit fees. |
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Small update. Tomorrow is payday, but my plane back is delayed and I'll be landing near midnight tomorrow. Therefore, I can't do post counting tomorrow.
I'll make post cutoff at 11:59 PM MDT tomorrow, and hopefully get counting done on Sunday. Future weeks should continue as normal.
Have a safe trip. Flight delays are the worst to happen whenever you're on your way home lol. I don't know, the plane you're in getting hijacked by terrorists?  |
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It's exactly how you described it, you still can receive funds into your old addresses however it's highly recommended to use the new addresses, It's mostly a privacy matter so people will find hard time to link everything back to you.
Ok, perfect! I found a iOS wallet called "Alta Wallet" (a desktop wallet is available too), which supports Bitcoin, Ethereum, Litecoin and Dogecoin, has a built in exchange and you can create multiple wallets (not just multiple addresses) So you can have like a wallet called "mining" with BTC, ETH, LTC etc. and a wallet called "donations" with BTC, ETH, LTC etc. and you can easily switch between them!  Pretty unique...  https://itunes.apple.com/us/app/alta-wallet-bitcoin-wallet/id1154367060?mt=8Have you ever tried it?  I took a look at Alta Wallet just to see if the wallet is good and or legit. Unfortunately that app isn't open source so there's no way for me or some people to know if they're doing something fishy or not. I honestly can't recommend it since this is the first time I've heard of that app, so maybe think twice into sending/importing all your bitcoins to that wallet. I think the chances of it being a scam is low though. Take note that multi-currency wallets I think are usually(in my opinion) less secure compared to wallets that support only one cryptocurrency. Just a heads up. Try out Copay on your iOS device. It's the bitcoin wallet I've been using since forever; it also has multiple-wallet support like you described, and it's open source, so we know for sure nothing fishy is going on in that wallet. Yeah, ok... What wallet do you use for Ethereum? I personally use MyEtherWallet or "MEW" as most people call it. It's a bit different compared to your typical cryptocurrency wallets, but it works the best for me. If you're planning on using MEW, please bookmark the link, and don't Google "myetherwallet" when you're planning on opening that site since a lot of scammers made and advertised phishing websites on Google, attempting to steal the coins of the less-informed crypto users. Always check this green secure icon when opening MEW and most websites: |
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It's exactly how you described it, you still can receive funds into your old addresses however it's highly recommended to use the new addresses, It's mostly a privacy matter so people will find hard time to link everything back to you.
Ok, perfect! I found a iOS wallet called "Alta Wallet" (a desktop wallet is available too), which supports Bitcoin, Ethereum, Litecoin and Dogecoin, has a built in exchange and you can create multiple wallets (not just multiple addresses) So you can have like a wallet called "mining" with BTC, ETH, LTC etc. and a wallet called "donations" with BTC, ETH, LTC etc. and you can easily switch between them! Pretty unique... https://itunes.apple.com/us/app/alta-wallet-bitcoin-wallet/id1154367060?mt=8Have you ever tried it? I took a look at Alta Wallet just to see if the wallet is good and or legit. Unfortunately that app isn't open source so there's no way for me or some people to know if they're doing something fishy or not. I honestly can't recommend it since this is the first time I've heard of that app, so maybe think twice into sending/importing all your bitcoins to that wallet. I think the chances of it being a scam is low though. Take note that multi-currency wallets I think are usually(in my opinion) less secure compared to wallets that support only one cryptocurrency. Just a heads up. Try out Copay on your iOS device. It's the bitcoin wallet I've been using since forever; it also has multiple-wallet support like you described, and it's open source, so we know for sure nothing fishy is going on in that wallet. |
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i also see that there are also many people here that DONT GIVE a FUCK about crypto, they are only in it for the money.
This is so true. Those damn Facebook groups. They're calling certain coins "dead" just because the price crashed or hasn't moved in a month. So infuriating. I've read alot of posts about Sia being dead. Anyway, hey. Keep your head up. You've lost money, but you're lucky enough to lose money early into your journey, rather than losing after months into your investing journey, as you'd lose most likely alot more money. Atleast you know better now! Just remember not to just get swayed too quickly by some Reddit post. Always remember that there are always gonna be shillers, some wanting to crash the price and some wanting to get more people to invest so the price rises. Remember, you're investing. Not daytrading. Dips shouldn't affect you much if you look at the big picture. |
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For some reason I thought this post is about China somehow banning bitcoin again. Lol
Interesting idea, but I can't see the advantages of implementing mining on common household appliances. It's not like it saves electricity, as ofcourse a typical washing machine for example would have less power consumption compared to a washing machine that mines bitcoins. Not sure if I understood it right. Or does it mean that that company's products mine bitcoins without the customers knowing?
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Hello,
Since the fork we have a new coin very similar to bitcoin , do you think it is a threat to bitcoin?
Now I have those bitcoin cash and i don't know what to do with them.
I don't have the technic gear to choose between both, and I feel bitcoin cash is taking bitcoin down am I right? It's taking a part of its market capitalization.
This topic has been discussed so many times, first of all its not even similar it's an alt, it's just stolen Bitcoin name and there is nothing else in it. I don't find it strong enough to take down Bitcoins, it will fade away very soon, i dont know about the prices but if you are getting a good price just sell it off, I don't think it's worth to keep it. Come on now. What do you mean "it's not similar"? It's a fork of bitcoin so it uses a past version of bitcoin's code. How the hell is it "not even similar"? Also, it's actually disrupting bitcoin(BTC) in a way, as miners are moving back and forth between Bitcoin(BTC) and Bitcoin Cash(BCC/BCH), slowing down the blocks that are being mined on BTC's side. I'm personally neutral in the scaling debate, but like it or not, these are facts. Please do your research before speaking, for the sake of our readers here. Thank you. |
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Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
I actually have been having the same problems as you man, and it really is irritating and testing my patience. Specially now that i need it as soon as possible. I really don't know the reason why this is happening. But a friend of mine told me that the reasons maybe the slow internet connection(which is pretty common here in my olace), spams in the network that people who are trying to take advantage of the current split are doing or choosing low fee transactions. So maby one of those is really the reason for this problem. I just hope this gets fixed soon. It's definitely not because of you having slow connection. One of the biggest reasons is because the network couldn't handle the influx of transactions that's coming through. Miners are currently in a sort of "see-saw" between BTC and BCC/BCH since mining profitability is shifting, hence the miners are going back and forth between BTC and BCC/BCH. Fewer miners = fewer blocks that's being mined. Currently we have a total of 86868 unconfirmed transactions, yep.  |
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-snip-
I agree with Xavofat that usually(not 100% of the time) other altcoins do rise together with bitcoin. Looking at the charts comparing Bitcoin to Ethereum itself won't be accurate enough as there are alot of altcoins out there that has decent economy; Ethereum just really went down, and I think it's really not related to bitcoin's rise in price. Take a look at the other alts that rose together with bitcoin (e.g. NEO, IOTA, STEEM).
Though I can be wrong, feel free to correct me aswell.
ethereum was just an example, you know making each one of those charts took some time from me, they are not just available on the internet for me to go and take a screenshot to share here! I have to go extract the data for price on each dates for bitcoin and each altcoin (twice: 1 for their BTC value and 1 for their USD value) and then type them in excel and draw the charts in a way to show the lines like that (with 2 sets of data on different scales). I may do it for a couple of other altcoins later if I can manage to get some free time, but from my experience those 2 charts above are a good representative of what I have been seeing so far. obviously there are exceptions such as NEO to this rule and there is a good explanation for it too. NEO changed its name and had a very nice pump and hype recently and that is an exception. I understand. Anyway, I think we could get an accurate example if we would compare dates and prices of bitcoin to probably 10 altcoins in a single chart. Since yes, there are exceptions, because some altcoins tend to abnormally rise a lot because of hype and lots of shillers on Facebook and Reddit, like Sia in the past, and like what's currently happening to NEO(good tech, but overhyped imo). You don't have to do it though, I'm just saying. Thanks for the efforts though. |
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Here's few things that comes into my mind when thinking of my "ideal" exchange. - Low fees, but yes, impossible like you said
- Slick UI, pretty much like a cross between Bittrex's UI and Bitfinex's UI. I like them alot.
- An exchange that has a mobile app. Bitfinex has one, but it's very hard to navigate through in my opinion.
- More trading pairs. Like lets say.. Sia to XMR, IOTA to Sia, NEO to Factom, etc and vice versa.
- Exchanges that has an active customer support. I'm looking at you, Poloniex.
- An exchange that pretty much supports all decent cryptocurrencies. Bittrex has been doing good with adding other cryptocurrencies. If only they'd add IOTA though
- An exchange whereas you can choose what withdrawal transaction fee you want to use. Withdrawal fees are so high. Most of the time I'm not in a rush for withdrawing my funds, so I'm ok with low fees and 24hr ish withdrawals.
- Having 2 factor authentication. Though most if not all exchanges has this feature already.
- Fast personal verification times. I personally don't use coinbase as it doesn't support my country, but I've heard that coinbase takes weeks to confirm your verifications.
So, yeah. Here's just a "few". I might edit my post if I have more ideas. |
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I have known about bitcoin for some time but just started digging for details. I have put in about 100 hours of reading so far and the subject matter is vast. I will start with this subject about key management and being new if it's in the wrong place I apologize in advance. Any pointers are welcome.
I have a solid working knowledge of public/private key pair encryption. I know that the management of my private keys is essential for protection of my bitcoins.
1) I assume that if I use an exchange, that exchange system will have my keys. If anyone else holds my private key, what's the point?
2) What do I use, a wallet etc, to keep my private keys in my possession only?
I'm gonna say it right now, 100 hours is not enough to have a good grasp on bitcoin or cryptocurrencies in general. But hey, it's a good start. Compared to other people who didn't read anything and comes here complaining how they got "hacked" or their bitcoin got "stolen" or something. 1. You don't give your wallet's keys to the exchange. You send your bitcoins to the exchange's wallet. Sending bitcoins doesn't expose your private keys. But yes, you don't have access to the exchange's wallet's private keys; that's why you put your coins on the exchange only for what it's purpose is, to be just an exchange platform, not a storage. Always withdraw your cryptocurrencies out of exchanges. 2. There are multiple wallets that doesn't handle your private keys, depending on your device. Try out electrum for Windows, Copay for Android, and Breadwallet for iOS. Your best bet would be to get a hardware wallet though, like a Ledger Nano or a Trezor. Have a bit of research on them. Best of luck on your crypto journey.  |
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Oh dear that's alot of questions. To sum it all up, buy a hardware wallet if you're thinking about the security of your wallets. That's it. That'll pretty much fix all your concerns. Also, do the basic stuff like scan your whole computer like atleast weekly and don't click on those shady links like "hot young teens in your area" or something, if you know what I mean  . I suggest using MalwareBytes even if you only have the free version, as it's scanner is pretty good; it can also search for rootkits. |
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Which will be the top based on what? Market cap? Transactions/day? It depends. Bitcoin and Ethereum are both really famous cryptocurrencies but they're made for different purposes. Bitcoin is made for a global decentralized currency(or storage value, for some), whereas ethereum is made mainly for smart contracts.
In my opinion though, if bitcoin couldn't fix the scaling issues in probably a year from now, I wouldn't be surprised if it were to be overtaken by a different cryptocurrency. Though it would take probably more than a year, since bitcoin is still the cryptocurrency that has all the publicity. People barely know other coins like Monero, Dash, etc.
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Wouldn't that be something completely different than the current way bitmixer works? In my opinion, the power of bitmixer lays in the fact that the chips are pre-generated before you even deposit any funds into your bitmixer session.
If you were requesting different chipsizes, chipmixer would either have to generate these chipsizes on request before any deposit happened, or they would have to generate them afterwards (which would not seem like a good idear to me, bitmixer would lose some of its appeal to me)
Did you forget what you're advertising? Good catch, i meant chipmixer offcourse  (all these years of bitmixer being the only reliable mixer around made me develop a habit of typing bitmixer)... I'll edit the first post! LOL. An ex-bitmixer campaign member perhaps? Hey, I was reading through your FAQs and I found the following excerpt:
"Our goal is to make Bitcoin value independent of its blockchain history. Some governments and corporations wants to invalidate its value by claiming they are connected to something immoral like gambling. Every time you withdraw from ChipMixer, we give you cryptographically signed receipt that proves you have received those funds from us. Since the disconnection of history is proven, there can be no loss of value."
I understand how ending up with bitcoin from an address related to a an address linked back to illegal or immoral activity could make you seem suspicious of something and how the receipt can claim the money is sourced from a mixer. However, couldn't this also be used the other way around to say that the money was gotten from a mixer and therefore it was originally from an illegal activity/money laundering. Of course, this is a backwards way of thinking and completely wrong, but just an example of times in which forces such as the government are looking for reasons to steal the money and this might not fully help. It is always good to have the option, however.
Better to look suspicious than to look guilty of a crime you didn't commit. In general innocent-until-proven-guilty still has to apply, everything else is just conjecture. Question being of course whether they will make mixing itself illegal in a given legislature (ie. defining the usage of a mixer as money laundering). I personally don't use bitcoin mixers, but does withdrawals only come from one or a few addresses? Because I'm pretty sure not all people that use mixers are actually guilty of a certain crime. I could see myself using a mixer in the future if I would like to move my bitcoins into another wallet using a mixer mainly just so that my funds somewhat are untraceable(not because I did a crime); but at the same time I definitely wouldn't want to look suspicious. This might come of as a turnoff for innocent people wanting to use mixers.  |
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I did a quick google search on "mmb-chminaca", and it looks like a chemical(?) or some sort of drug. I'm not sure what that chemical does or what it's for, but if it's legal try selling that on https://purse.io or maybe through OpenBazaar. Not sure on how you're going to get potential interested customers though. The interested demographic is probably too small for such a uncommonly-sold item online though. Also, it looks like something that people would sell on Alphabay or in the darknet markets in general lol. |
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Which coins exchange is the best choice for begginer trader??
You might be thought the liqui, bittrex and poloniex. Polo already working smoothly right now, But if you ever heard about the binance exchange and you must never use it. But liqui is preferable in my opinion for the newbies trader because the liqui offers the cheap token price rather than another sites. Why binance exchange is bad? Binance is fine  I don't know why he suggested that you don't use it. Binance is good especially when trading NEO, since NEO withdrawals on Binance has less fees compared to Bittrex's fees, thought I dont like Binance's user interface that much compared to bittrex's. I'd go with Bittrex Binance Bitfinex and other exchanges that has other less-known cryptocurrencies. Basically almost anything except Poloniex. Poloniex always has been working smoothly. The problem is just on withdrawals being disabled and their shitty customer support (months of no replies). |
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so far whenever bitcoin price rises, altcoins get dumped.
Nope. They've usually moved together so far this year. have you EVER looked at a chart? I am not saying what I explained happens all the time, but in 99% of the times what I explained above is true. here let me show some charts, maybe you can understand it better. the following two charts are showing the period of time when bitcoin price went up from $3300 to the near ATH of $4300 from 8 Aug to 15 Aug. the comparison is between price of ETH in bitcoin and also in dollar. the blue line is showing bitcoin price in USD in both charts which is rising. and the red line shows the ethereum price which is falling in both markets against BTC and against USD the swings in ETH/USD is mostly because these are average values and because it was falling against bitcoin price which is rising so it covered a little part of the drop in USD.   I agree with Xavofat that usually(not 100% of the time) other altcoins do rise together with bitcoin. Looking at the charts comparing Bitcoin to Ethereum itself won't be accurate enough as there are alot of altcoins out there that has decent economy; Ethereum just really went down, and I think it's really not related to bitcoin's rise in price. Take a look at the other alts that rose together with bitcoin (e.g. NEO, IOTA, STEEM). Though I can be wrong, feel free to correct me aswell. |
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Difficulty rises, at the same time if the recent price charts stays somewhat bullish, bitcoin's price will also rise. So these things will most likely just balance out. Prices were high and transactions were slow enough even when Bitcoin Cash was still non-existent, it even looks like Segwit CURRENTLY only has a small effect on the tx fees and times. Whatever people say, I think competition is healthy, whether or not you're for bitcoin(BTC) or Bitcoin Cash(BCC/BCH). Time will only tell who the crypto-king will be in a few years. Who knows? It might be dogecoin? /s |
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That would be very good. Though, if I remember correctly, for a trip that's around 8 miles or so would cost around $20 not including tips and the flag down rate. Would you be willing to pay for a $20 taxi ride with a fee of $3-$5? I wouldn't. Bitcoin is simply pretty much crippled as of now. The core developers need to fix the scaling issues first before we even need to look at global adoption ideas like yours. We, the people have so many ideas on how we can apply bitcoin globally, but these great ideas are slowly getting more and more impossible by the minute. Bitcoin is simply just storage value as of now.
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