Holy shit! I hope your friend was just kidding. If not, recommend him to make backups, especially in the cloud.
I would recommend to the friend of the OP a therapist or something, if the story is true losing 170 million dollars just because you were careless will be one of those experiences that will change your life, I'm still mad that 15 years ago I lost 300 dollars and from time to time I try to think how I lost it, so losing such amount of money will probably be enough to make me lose my mind. |
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Above 12,500$ but not sure f what is the situation of it. As the moment btc is not stable in its price.
^^^ This: I keep telling people that bitcoin simply cant handle the amount of volume it currently has until the protocol undergoes some serious enhancements. 30 minutes to wait for validation of transfer? Thats just simply not feasible in todays time. That has already happened the devs have updated the code of bitcoin and now we have segwit, if you use segwit your fee is reduced since the size of the transaction is lower, also the lightning network has already been tested and it is going to come into full effect in the next year once that happens bitcoin will be ready to be adopted all over the world. |
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Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?
I think that before bitcoin becomes the currency of choice to make transactions in the real world, bitcoin needs to become the king of the online world, when we see that amazon and ebay take bitcoin as one of their main ways to receive payment and the usage of bitcoin is greater than the use of fiat that is when we are going to see a huge change in the way people understand money. |
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They are already doing it. Some governments have announced that they will issue their own cryptocurrency and many banks are behind some crypto. In that way, many alts can be threatened but Bitcoin is different because it has a limit of 21 million coins to be issued and because it is decentralized, so it has something to offer that the other cryptos can’t.
For me, governments and banks issuing cryptos is not as dangerous as most of the G20 group countries passing a hard ban on bitcoin.
The Google, Facebook, and Amazon are more dangerous than the government if they decided to implement their own cryptocurrencies. These big companies are trusted by consumers all around world, they have the money and power to make a coin of their own and dominate the market. These companies are influential enough to turn the tides, I just don't know when, or rather it already started like what tether is about now. If they could create their own currency why they have not done so? And the answer is very simple because if they did, their CEO will be prosecuted for minting currency, the reason bitcoin cannot be shut down is that is decentralized while the corporations you are talking are the living image of centralization and monopolies in our era, so corporations are not a real threat at all. |
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As per subject header, I noted that the price quoted on localbitcoins is much higher that the actual BTC price.
An example, as of now: BTC is trading at (my country Singapore) S$23,900 but on localbitcoins, sellers are quoting S$26,000 plus.
Why so? I do understand that there is a TX fee and some profit margin for the seller, but S$3000+?
I might as well buy from coinbase and sell BTC at localbitcoins to make a profit..??
That is precisely what some of them are doing, they are using arbitraging in order to earn money, not only that, if they have been doing that for some time it is very likely that their earnings are way bigger than that, imagine if they bought a lot of bitcoin at the beginning of the year, not only they earned a lot of money through arbitrage but through the appreciation of the price of bitcoin. |
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I lost 25% of my Bitcoins today in my Poloniex account not because it was hacked but Its because I tried to hold an altcoin a little bit longer thinking that it will recover but unfortunately, the alts that I bought continued to drop until I sold for BTC. Others may think its not a wise move because we all know that it will recover eventually, I have other plans that I think will help me gain back what I lost from the altcons carnage today.
As long as you have a plan and you are not improvising then you can do whatever you want, just make sure to have a realistic plan, since I'm not a trader I'm a lot more passive when it comes to my investments I do not like to have a big turnover, once I buy a coin I have a tendency to keep that coin for a very long time, probably a few years before considering selling. |
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Does anyone else regret that hasn't invested in certain Altcoins that now rose 400-800%? Because I regret it a lot. :|
There is not a lot of a point in regretting that, were you interested in investing in altcoins and something or someone stopped you? If that was the case then you may deserve to feel some regret, but if you did not saw that alts could do that kind of movement until it happened then you are not really in a position to regret anything since you were never in a position to make money out of those movements in the market. |
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... what would you do now?  This is why it is better to never lend anything to friends, give it to them without any expectation you are going to get that money back If you have real good friends,then there is nothing wrong in lending if you are having money,i was struggling for a while after the recession and one of my friend helped me in overcoming some of my problems and when he needed my help i am there for his aid. Coming to the OP ,you could figure out a valuation in dollars when you lent the coins and add an additional ten to twenty percent in dollars if he is to return in coins rather than going by the current rate,since you said its your friend you could come up with a good deal yourself. This is not about having good friends this is about mixing family and business that never ends well and most of the time you are going to lose a friendship over money, there are very friends that have the integrity to pay you back a loan, most of the time they are going to do it very late and they do not want to pay interest, you want to help your friends but you do not want to be a sucker either. |
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What do you mean. First of all Bitcoin can never become a currency . I'm talking totally about paper currency. Something whose price is not fixed or fluctuates alot cannot become a currency. Moreover the founder himself in unknown and so that might prevent it from being a currency
The fact that we do not know who is satoshi nakamoto is not a factor that is going to be important in order to determine whether people are going to adopt bitcoin or not, there are many things for which we do not know their creators and that does not stop people from using those inventions in their everyday lives, just look at the wheel no one knows who invented the wheel and yet if you drive a car you are using that invention almost everyday. |
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in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
Mostly speculation. People are buying bitcoins and expecting to make money when they sell at a higher price. True, speculation is one of the biggest factors when it comes to how the price moves in the way it does, people are thinking that bitcoin is going to go up even more in the next year and if finally the lightning network is put to work then we are going to have the best scenario possible with bitcoin with a very high price and finally being able to manage many transactions per second. |
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If so, what was your clues? Did you buy before? What do you think now?
Admittedly, i have been sleeping on Litecoin so im very interested in your feedback.
I was expecting a huge pump for litecoin but in the next year, to be honest I do not have an idea of why it happened this fast, I have not been observing LTC that closely so I do not know if they already activated the lightning network or some other relevant development happened in the mean time that could justify this growth or if this is just the effect of new money entering in all the biggest coins. |
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I think you shouldn't invest based on someone else suggestions. It is better you need to study the market and start investing.
If you don't have any idea then it is always good to start with Bitcoins. But don't buy all at once instead buy in small amounts and wait for some time see whether prices can correct.
Apart from Bitcoins other coins to consider is ETH, ETC, LTC, IOTA, WAVES and NEO. Check these coins ANN threads and decide whether you want to invest or not.
This, if you do not have the knowledge to invest yourself then it is better to not do it, I always find these kind of questions surprising if you were buying a car or a house you will not ask random people in the street what they thought about it you will perform the research yourself and the same rule needs to be followed when it comes to investments on crypto. |
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He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure. I do not know about that, I do think that is a huge jump, we must understand that the bigger bitcoin becomes the harder it becomes for bitcoin to keep growing, in my opinion the best we can expect is something between 30k to 40k to me that is a more conservative prediction that has higher chances of becoming a reality, I would not mind 100k but I do not think it is going to happen. |
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is there enough market share for at least a couple of these to thrive in the future? or do you consider them to be in direct competition with each other?
thinking about maybe hedging my investment by putting money into both BTS and waves, for example
Crypto right now is mostly used as an investment and now with the huge amount of regulations coming to exchanges we are going to see many decentralized exchanges gaining a huge market share, so if you want to make money then probably two of the most important categories of coins in which you can invest are anonymous coins and decentralized exchanges. |
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We all know that bitcoin price is being pumped by the biggest bubble ever-the US dollar. That sad truth is that this bubble will never collapse,because the USA is still very powerful and the world wants to import more goods for the american market,they have no choice other than buying more dollars and that`s how they support the huge dollar printing machine called federal reserve system. The US is not producing many things of value, they are not exporters they are net importers, the manufacturing went to China and now they are the world producers, now you may ask why governments keep buying the dollar, this is simple they do not want to crash the system yet, they want to keep it intact as much as possible and benefit with and then crash the system and come on top. |
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it's a big pump but it won't last forever. get out while you are making profit otherwise you might end up losing some. i still can't believe how i missed the train, i should've bought more ltc when it was $3.  It wont last forever but I do not think it is going to return to its previous price I think it will stay well above it, hindsight is always 20/20, we say I should have done this or I should have done that, but as long as you are making money then you are doing fine, I also missed the opportunity to buy cheap litecoin some months ago, but I do not regret it since my bitcoin earnings have been great as well. |
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The insane amount of debt out there is obviously not some guy wanting to start their own restaurant/tangible business, but the excesssess of the insanity of high finance which end up creating trillonaire (soon quadrillonaire? is this even a word) debt that will never be paid. Naturally, newer generations will look at Bitcoin as a new asset class to hedge against this impeding doom.  Bitcoin is just a reaction to that, and that is the real bubble. Debt is not necessary a bad thing, the issue is how many people go into debt to try to create a business or something productive? Very few, most of the debt people carry are on luxurious items they could not afford otherwise, that expensive car or that big house or those expensive clothes, credit should only be given for the creation of new wealth and not for the consumption of wealth or the collapse of that economy is guaranteed. |
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Really interesting website indexing is the best way to invest and I made a spreadsheet to do more or less what your website is doing, but yours is more advanced since you can scrape the data and have this nice looking interface, I will suggest that you add ranges, you can exclude specific crypto but maybe it could be easier for the user if he could select a range of his choosing, like the 11 to 35, excluding the first 10 coins, that excludes the most solid coins and generates more risk but the chances of bigger profits go up. |
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From a "lets make the world a better place perspective" should we support only bitcoin right now or altcoins also?
Only the altcoins that have a proven record and that are not scams are going to survive anyway, those projects that have nothing going on for them are going to collapse as people begin to move their money from those useless projects to the ones that have a future, if you care about supporting an altcoin you believe in you can do it but it is a mistake to spread your investments too much, it is better to have a portfolio that contains only the best coins. |
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i think it should be lower $12.500 because we're nearning a new year,
usually people will sell their holding for preparation,
example they want to take some vacation,buying their needs and something similiar to that.
because of that the price should be get pressured and the downward movement will happen.
plus at the same time Bitcoin already overbought by people which is lessening their confident into it for upcoming days.
well,everything can be happen with it.
Most of the time is the other way around, people have more money in their hands since they have saved all year or they got a gratification from their jobs and instead of spending it in useless stuff some people decide to invest in bitcoin instead so if anything the chances the price goes even higher than the previous all time high are looking very good and I think it is possible we are going to hit 20k before the end of the year. |
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