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You're kidding right? you can but it just a waste of time. Bitcoin's algorithm is too complicated for a mobile phone to mine. Heck even the latest GPU can't even complete with an old model ASIC miner. If you are planning to, then just don't. Not only you are wasting your time, you are wasting electricity. Even if your electricity is free, there's a chance that your phone wouldn't be able to handle the power and would cause it to malfunction. I doubt in the future phones would be able to mine even a small fraction of Bitcoin because even if they are being upgraded each year, so are the ASIC miners.
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That is like the number rule one when it comes to investing. "If you can't take the heat, get out of the kitchen". If you cannot take the way cryptocurrency's market works, then you won't have a pretty good time here. Crypto market is highly volatile and should not be taken lightly special those who have weak stomach. I agree that taking risk is part of our life. You won't succeed if you didn't take any risk. The sad thing about this is that most people are expecting to profit in a short period of time without even researching. They are just going with FOMO which would lead them to destruction.
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This is cryptocurrency, from the word itself "Crypto" which means hidden or secret. If Government really did replace their fiat and make cryptocurrency their official money, then they wouldn't be able to track the owners now. I do not see this happening in the future though because cryptocurrency is still not viable to be a feasible currency for the whole world, it still has many flaws which needed to be taken care of first. If the government can't cryptocurrency holders, then no one can. Also, Governments wants control in everything which doesn't suit cryptocurrency.
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Those experts is neither right nor wrong. It's up to us to conclude something. I think it is safer to just keep your money into banks if you want some safe money to be spared because banks are responsible with your money. If your money is lost then it's the banks fault. Bitcoin is like an investment nowadays, you could lose or gain depending on when you sell it. Cryptocurrency market history never lie. It shows how the prices moves up no matter how deep dip was before and that it still continue to flourish. So I conclude that if you want to safe keep your money, then go for banks and if you want to make some profit but has some risk, then go for Bitcoin.
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There are money factors but the reason that affects the price of an altcoin is an update in it. Most of the time, the hype attracts new investors which in turn increases an altcoin's price. Next is its real use. If that coin has some real use that would benefit the masses, the demand for it will increase significantly. If an altcoin starts to spread its name across the crypto space, investors would see this as an opportunity and would invest in that because of its reputation alone. It's pretty normal that prices varies in every exchange because different people are trading in different exchanges.
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There's no guaranteed solution because if there's a way to create something, then there's a way to destroy it. Hackers are getting smart each day and that they will find a way to bypass a security. The only thing that a person could do is to stay the funds away from exchanges and just store it in a safe hardware wallet where the only person who could access it is the owner itself. That way, you could prevent any hackers to you and lessen the damage that a hacker could do. I think DEX is a find solution too because the funds are in the hands of the owner, not the exchange itself.
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Actually, cryptocurrency was built to be use by everyone, it doesn't matter if you are poor or rich, what matter is if you know what you are using and what for. The problem here is not the financial status of a person, the problem is that people seemed to forget the true purpose of cryptocurrency. They are blind from the fact and only see greed in their eyes. Yes, the market here is a lot more volatile than stock market but it doesn't mean it will get you riches. It's sad that people only wants money here but I think that's the way the world see this for now. I just hope that the actual use of cryptocurrency be known to everyone in the future.
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Prices today are a opportunity given to us right now. Also, the news that the Government of India taxing Bitcoin is a great sign that investors would be able to trade cryptocurrency legally in their respective place. Most of the time, the reason why an investor is afraid to invest into Bitcoin or any cryptocurrency is because of its legality. They are afraid that someday, it might be illegal in their country which would sprung some problems. Since it is now legal to them, it would be a go signal for an investment plan in Bitcoin.
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I'm kind of hoping for the market to start the bull run this time of the year but I don't see this pump as a sign. A lot of things could still happen though and that Bitcoin's price might fall again. But I do believe that the bearish market is already behind us and that the start of a bull run will start next. There are speculations and predictions that Bitcoin's price would increase again after the world cup though, I hope this is the one we are looking for. Let's just be careful for now and speculate the price even further because there's not enough information to guarantee a bull run.
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Man, it kind of sucks that hacks like this happen because not only the owner lose money, but the price of the coin will also drop. Sad to say this but there is no way a hacker could brute its way into your account because your information is not saved in the site. I think the only for you to get hacked is to give your personal information to the hackers themselves or you log in into a phishing site. Well, there are numerous ways for you to secure account. The first thing you need to do is to make sure your computer is clean. Next is that you should always bookmark that page that you are using to avoid phishing sites. Last is to never store your tokens into exchanges. It's better to pay fees rather than to get hacked.
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The only coin that I could see in number spot is Bitcoin. Bitcoin will be the king because it is most likely the first cryptocurrency that a person could know. Also, big investors are still relying on the return of Bitcoin because it has proven itself for the past few years now and every year, Bitcoin's price are doubled. The next Spot I think is Ethereum because it has been around longer for most of the altcoins and that different kinds of token is under the umbrella of Ethereum which boost its price. The third spot is Monero.
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There has been a lot of topics about securing your Bitcoin but I think the most proven thing that a person could do to secure his/her Bitcoin is to stash it into a hardware wallet. Hardware wallets are the best because the only person who could access the wallet is only the person who owns it. No other hackers could get into it and no way that a thief could by pass it. The only for it to be expose is for the owner to tell its password or its private key. So get a hardware wallet and secure your Bitcoin.
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There's not doubt that hacks like this that is happening so recently will affect the over all price of all the coins. It would create a lot of FUD around and the reputation of cryptocurrency would stain. Like for example, if those hackers tried to create their hacked coins, then it would create an impact in the market because it will dumped. Also, people would see this as a bad news for everyone and it would create a lot of panics which will into more coins getting dump.
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I don't really see the need of re-branding though. Bitcoin is built this way and it will never change no matter what. This is why Bitcoin is different from the rest because it doesn't need any change to grow, it only needs improvements. Also, we can't just re-brand Bitcoin, it has been use for so long and that its reputation is built with its name on it. Isn't hard forks basically a re-branding of something? Let's say Bitcoin cash and Bitcoin gold. They just changed the name and make it a little faster but it's still Bitcoin in nature.
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Sir Julerz12 is a wonderful manager. Always on time and making things clean and flawless. He is always active and he always informs participants in his campaigns and that every payment is sure to be given on time. I recommend him to everyone.
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I learned as of now that that $20,000 all time high became possible only because of the shilling and FOMO of the medias and investors, plus the lack of knowledge of the people about Bitcoin. This created an opportunity for the holders to get as much attention in Bitcoin and get the price high as much as possible. Since a lot of people got scammed of money and a lot of them have loss so much in Bitcoin, I do not think Bitcoin would increase in that price at the end of the year, unless something big has been announce that would really attract people.
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