can they hack into our wallet. There are many professional hackers out there. What are the chances? Also what is the safest way to safeguard ourself?
Think they can't hack it. There are many wallets that have high security. I have know 2 trusted wallets and I use it to store my bitcoins. Coinbase and Coins.ph are really trusted wallets and have high security that can make your bitcoins safe. Online wallets are the most unsafe of all the wallets for the simple reason that you are not the only person that holds your private keys, even if some services argue they do not know your private keys you have no way to know that for sure, so it is better to keep your holdings of bitcoin in desktop wallets, cold wallets, paper wallets or hardware wallets, that way the chance to get hacked is lower. I think the better way to do is you have to transfer it into your currency so that whatever may happens it has already a value and you can spend on. We should not wait too much for the growth if you think it's enough then transfer it to your wallet and make use of it before discrepancies may occur. The earlier the better! If you want to cash out that is fine but many people are invested in bitcoin for the long term so it is obvious they will prefer to keep their bitcoin instead to try to convert their cash once again to bitcoin, besides there are many ways criminals can steal your cash or money on bank accounts, compared to that a paper wallet or a hardware wallet seems a lot safer than cashing out. |
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I dont care for quick trading and pump and dump. I let my coins sleep and sell when its enough money to pay for all FUN living costs for the rest of my life.
If its not enough yet, I will sell my coins at what I consider the peak and then re-invest in promising, low price coins.
Its only a wrong strategy if just Bitcoin keeps rising and cracking new heights, but for that I do have a larger amount in bitcoins too.
This is the right way, I do not want to get some short term profits, I want to get big profits in the long term and the only way to do that is to invest in some new promising coins hold for as long as you can and wait for a pump then you cash out and do it all over again, if you are talented at it then it could be possible for you to leave your regular job and instead dedicate 100% of your time to trading. |
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You can tell me anything what's bitcoin worst enemy is...
Mine is, government!
Bankers are the real threat, bitcoin in itself is not a threat to any government, the threat of bitcoin is against banks and their interests, so it makes sense they are the ones that are going to make the greatest efforts to stop bitcoin, they have tried to stop bitcoin adoption by canceling the accounts of some exchanges but it seems they are going to use their greatest puppets, the media and governments. I think the bitcoin opponent is not from the bank, because the bank has no authority whatsoever to ban bitcoin, I think bitcoin poses a threat to the government of course because the decentralization and anonymous of bitcoin make the government afraid when all the people in their country use bitcoin, actually who want to stop bitcoin development is government #imo But many politicians are easily bought and then banks can use them to approve any law they want, this has happened in the past and it is obvious it is going to happen again, this is why bitcoin is needed on the first place, to take away some of the power from the banks but they are not going to go down without a fight so when bitcoin begins to be used by a lot more people I think we are going to see an escalation of the war against bitcoin. |
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BitDice does not provide services to the US clients. The ICO terms explicitly prohibit US based investors from participation, that’s why the recent SEC statement does not affect us in practical terms. Our lawyers advise us on all legal matters and helped us a lot in resolving the issue with the UK Gambling Commission that we had previously. Apparently, Bitcoinorama fails to possess sufficient knowledge neither in the legal matters, nor in BitDice project development. The same thing concerns the DaoCasino, which in fact does have a similar to Fate Channel technology. Comparing a start-up projects with a running business of BitDice that’s been generating hefty profits since 2014 is odd to say the least. BitDice is way far ahead at the moment.
Do US players or current US based investors need to withdraw their coins from the site before the ICO closes? Should they have done so already? Asking for a friend. You mean from the casino itself? I guess yes since I dont know how you could withdraw from ICO site before ICO ends. If USA citizens can use casino, is for sure written in TOS. But when I tried to check https://www.bitdice.me/tos.pdf i got blank page. I think that when he says that he wants to withdraw his investment he does not mean the current ico, until a short while the BitDice allowed users to have their coins invested in the casino bankroll and obtain profits that way, but that model is going to be discontinued for the new model of creating their own token, in that case if he has not withdrawn his money then he should do so and if he is a US citizen then investing in the BitDice ICO is not possible for him. |
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That's a nice opportunity to buy and possibly arbitrage before it climbs back again. The Chinese are notoriously good in creating fud without us noticing, and in turn we also buy into the drama ending losing our coins in their desired price. Currently buying some small amounts rn. It seems that it wouldn't stop bleeding in the coming days.
Exactly. I saw someone saying that exchange in China is selling bitcoin at $3600 so its really good to arbitrage. And this dip again is a perfect timing for those new investors who want to get into the market. However, If I may add that the timing of the news coming from China is very off because we just hit ATH then they release their news and then FUD waves began to swarm us again. But I'll just prefer to hodl instead of dumping my coins. No way I'm gonna sell just because of the news from China. Bitcoin will remain standing and this bleeding will end sooner. I agree, the timing is extremely suspicious is like they are trying to make the price of bitcoin crash with their news but even if the price can be affected by it, bitcoin is still holding strong and I have no doubts that the price may go back to normal in a few days, I think they do this in order to scare people away from bitcoin and try to slow down adoption as much as possible. |
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What's your opinion, will Ethereum reach $1000 some day?
If your someday has no particular limit or time frame, then yes, it will reach the $1000 value. But if you say that ETH will reach $1000 within 2017, that is something I seriously doubt. But I hope there will be a round of bullish run for altcoins before December so that we will end this year with a beautiful chart.  I think the markets are not going to move much upwards for the rest of the year, there does not seem to be a reason for that to happen and I think something similar is going to happen next year, the growth has been so immense in this year that I think that even if we still want more we need to take a break and let the market be more or less stable for some time before the next bull market can begin. |
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Bitcoin and all cryptoworld still growin. We all need some time to see higher prices  I agree with you. WE need to wait for a long time to see the higher price. The Chinese rumor really hit the price of bitcoin hard. I can not believe that Chinese people can tweet that unbelievable news like that. It can not be accepted  Not only bitcoin but also altcoins are affected by this news That is why it is called FUD, people are going to do anything in order to try to get profits, if someone wants to get bitcoin but does not want to buy it a the current price then the only thing he can do is to try to scare people and now with social media a single person can create a chain reaction with his comments and that is why we see people panic under fake news and sell for a bad price. |
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I wouldn't be surprised if we see a bear market until the next halving. I'm guessing low $2000's.
If the fork happened I do not have a doubt we are going to see a bear market for quite some time but I think it is not going to last as long, segwit is already activated and the next step is the lighting network once that gets activated the market is going to be very bullish once again since that will allow bitcoin to process as many transactions as any other system, so we will able to use bitcoin as we use any other fiat system. I guess that's to harsh if there's massive fork during this year and many might pull out their investment if speculations continued to rise. But I don't expect bigger whales who funded more of it will allow that to happen since their profit always aiming for higher returns. All I am hoping for that the fork will be as worst as expected, just like what happened last August 1 many were surprised and other were such a failure due to investment sites diverted their investment platform one example is ethtrade. I’m just trying to be realistic, the miners seem to want to keep going with their segwit2x proposal for the network and that is going to be very dangerous, I think we are going to see a lot of wild swings if that happens, however I do not think whales are going to get too worried if the miners fork, they are going to get coins in that new chain too, so if they want to play it safe they can just hold both coins and wait for the winner. |
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2) To play with Martingale you need unlimited balance to recover losses
Not true. You only need enough to allow you for a certain number of multiplied bets. That number is usually at least 30, preferably more. If you start with 0,0001, a 10 bets will bring you up to over 0.1, 15 bets to over 3 btc and so on. Being able to make ~30 bets in a row should keep you safe, but still nobody does that. You'd need to trust the site with a lot of coins and the reward wouldn't be that high anyway. Something no matter how unlikely if you gave it enough time is going to eventually happen, having enough money to 30 bets is not enough, having money for 40 or 50 bets is not enough, if you keep playing is going to happen, this is why you see stories of people losing a fortune in the casino because they think it is never going to happen to them, that they are never going to lose 31 times in a row, but it happens all the time. |
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The Project Cosmos is awesome. I think cosmos (atoms) will be easy x100. They raised 17 Millions in the ICO. x100 = MarketCap 1.7 billion. For those who have not participated in the ICO, buy as soon as available at the exchange.
Cosmos definitely has potential, the team is active and the project looks great The cosmos coin looks promising but 1.7 billion of market cap is very high only 9 coins have something above that, so it is not a sure thing that is going to happen so I will probably be more conservative with my prognostic and will put the possible profits in the range of 20 to 50 times your investment, that sounds more realistic to me. |
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You could just try to buy atleast 20 bitcoins now or buy few more to sum up to 20 bitcoins and wait for 5 years atleast i can guarantee you that you will be a millionaire just remember to hold your bitcoin don't panic if the price drops it will recover whatever you do just hold a good amount for a long time and millionaire is a guarantee
I do not know if 20 bitcoin are going to be enough to become a millionaire in 5 years since that will mean that each one of those bitcoin will have to be worth 50000, that is more than 10 times the current price and it seems unlikely that we are going to get to that price that soon but maybe in 20 years 20BTC will allow you to be a millionaire. That's too long, five years is enough for us to become a millionaire, with one note that we must continue to actively develop it in the existing business, many options such as gambling and trading markets that provide various advantages, we just need to step up and start discipline, 20 btc if we treat it as a passive asset for the next five years it can also multiply because the bitcoin fluctuations annually move between $1000-$5000. Gambling is not really a way to make money with bitcoin or with fiat, gambling is supposed to be done just for fun, and while trading offers great profits to those that know how to do it, it is a mistake to think that is easy at all. Most of the people that try trading without any experience or knowledge lose all their money in less than a year. |
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guys who know, what are the upcoming updates expected by the waves? Is there any point in buying now?
I don't know why you are going after WAVES. If you really want to invest in an altcoin, ETH is the best option. However, I personally recommend bitcoins. It gives highest profits in short span of time if compared with other crypto currencies. You don't need to invest in order to earn BTCs. You can join signature campaigns. LoL I'm sorry but this is bullshit. Altcoins like Waves or coins with a smaller marketcap, can give waaaaaaay more profit. I can see Waves go to 15-20 USD this year, maybe even more. That means your investment can triple easily. I more than tripled my investment in MSP and CVC in a couple of weeks. Tripling your investment in Bitcoin would mean that BTC would need to reach $15.000 this year. And thats never going to happen. Is BTC more safe to invest in? Probably yes, but that's a different discussion. You claim BTC will deliver the highest profits, and that is very much untrue. This is correct, the market cap for bitcoin is getting so high that it needs a huge amount of money just to double its price and while I think bitcoin potential for the long term is enormous since I think a wide segment of the population is going to adopt it, I think it is very obvious to anyone that altcoins especially those with very low market caps can make a lot more money on the short term than bitcoin. |
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can they hack into our wallet. There are many professional hackers out there. What are the chances? Also what is the safest way to safeguard ourself?
Think they can't hack it. There are many wallets that have high security. I have know 2 trusted wallets and I use it to store my bitcoins. Coinbase and Coins.ph are really trusted wallets and have high security that can make your bitcoins safe. Online wallets are the most unsafe of all the wallets for the simple reason that you are not the only person that holds your private keys, even if some services argue they do not know your private keys you have no way to know that for sure, so it is better to keep your holdings of bitcoin in desktop wallets, cold wallets, paper wallets or hardware wallets, that way the chance to get hacked is lower. |
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And who will do so? Considering that there is no central authority managing bitcoins, I doubt anyone will be willing to do the ad with their possess cash. The funds you are going to be putting into the adverts can be used in purchasing bitcoins so why go the other way?
Correct, bitcoin is not like a company that can dedicate part of their funds to marketing, bitcoin does not have that, there is not a central authority that can dedicate a part of the bitcoin mined to that purpose, so any promotion needs to be paid from our own pockets and I doubt that people will want to invest money on media advertising if they can instead use that money to buy even more bitcoin. |
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Any predictions on the price? will 60 000 Arks will be worth 1 million in the future?
I do not think so, ark went from 3 cents to 3 dollars that is a 100 pump in price, if you wanted to be a millionaire with ark you needed to invest at the beginning and you will need 333k arks to be a millionaire today, I think you missed the chance with ark, look for another coin that is at the beginning stages and that you think is worth holding for years. |
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More than 5% decline from around $4,850 to around $3,950 low. This really shows the sign of serious correction at the moment. Although it Is a very good point for rational investors to buy more and hold pending when its value increase again.
The correction tools place due to the China ban of ICO coins recently . Due to which it went low of 4k and and then started to bounce bank again . Now it's about 4600$ back and probably if again we heard some bad news then the drop may be significant this time it seems . Else if there is some positive news around then it should be reaching 5k mark soon. Looking from the point of the voluminous Bitcoin history, we can see and say that all of these value corrections or retreats upon reaching a certain historical high is just a normal behavior of Bitcoin. Lately, Bitcoin almost reached (in some exchanges it did) the $5K level and then the projected correction happened (partly because everybody is expecting it making it a sort of self-fulfilling prophecy). Now, the value is steadying at the $4,500 - $4,600 arena and since there are no real good news that can be the impetus for the market to positively react to we might expect no big changes for this week and the next. And since November is coming with the scheduled fork we might see more volatility as the date is nearing. We are then hoping that by 2018, things can get smoother for Bitcoin and it can be the banner year for all of the cryptocurrency ecosystem. I think that is a natural behavior of all the investments, when something reaches an all time high it is impossible to maintain that price for a long time and after that happens the most natural thing is for the price to drop lower, it is not really something to worry, unless you bought at the peak, in which case you are going to face the difficult decision of selling for a loss or to hold for a long time. |
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Honestly, there are so many bitcoin questions from people around me. They feel that bitcoin can not give us an advantage, so they keep asking, especially now that bitcoin news is gaining popularity, so maybe in the future there are still so many questions about bitcoin for new people.
same here whenever I go to take my online salary people use to say and ask questions and when I suggest some of my friends for bitcoin they ask a lot of things about bitcoin because they are new and they need to learn a lot such as my neighbor and family members ask me about bitcoin and I always help them I never refused to explain them about bitcoin and thank God bitcoin is growing very fast. True. I used to be in financial problems and lucky for me that I can pass thanks to Bitcoin. My relatives are very surprised and they start asking me about Bitcoin. They want me to teach them and guide them how to invest Bitcoin. My friends are also very interested in Bitcoin. Just be careful is very different to teach people about how to make some money online than to teach them how to trade, people can go all in with their investments and may put more money in a coin than they are willing to lose, so the first lesson is to teach them to diversify their investments and to never put money at risk that they need for their daily needs. |
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Some are already rich or lets say millionaire because of bitcoin, maybe they are the believers of bitcoin way back 2012 that chose to invest thier money on bitcoin that in gold. I wish i can go back to the time when bitcoin is worth only 30$. Maybe im already a millionaire too.
Because they are risk takers and not afraid of losing that's why they are millionaires now. I guess there are many of them that put their trust in bitcoin. If we don't trust our investment it won't work because if the price suddenly drops. The one that do not trust their investment will panic and sell them immediately but if you are risk taker you won't mind it and just continue with their life. Every person that achieved great results was because he took great risks, and you can see this everywhere, from business to explorers, many people climb the Himalayas every year, but the first person to do it took great risks by going where no one has been before and if you want to make a lot of money then you need to take similar risks or your results are going to be mediocre. |
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Investing bitcoins is risky thing .. in an instant it soar's high or sometimes it goes down depends upon the supply and demand.. Most people are curious on what is bitcoin.. and some are doing hard to produce bitcoin.. and this is another factor why bitcoin keeps rising...This is another breaking records of mankind of using this kind of technology.. It was so amazing when we used this to transact payment so fast and very convenient. It totally helps our life runs easier.. and i believe it will continue to rose up in the future.
Yes, Bitcoins have made our lives much easier in terms of financial problems but I did not understand why you called them risky investment. They are not risky at all. Yeah, sometimes they do dump in value because of their volatile nature but it is not enough to declare them risky. For me they are the safest investment. All investments and business opportunities have risks attached to them, the risk is lower on bitcoin if we compare it to other cryptos, but at the same time it is very easy to guess that the risk in bitcoin is higher than investing in forex and other markets, you only need to compare at the way the markets moves and you will realize that the risk is higher in bitcoin than in other investments but even then the profits are worth it. |
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translation: once again another vague news about China came out and the English news sites started exaggerating the reality after they used google translate to translate the real news. it finally turned into FUD and caused a 8% drop. now everyone thinks the world has ended because of 8% drop  Cryptocurrency exchange platforms are illegal in China?So what?They were "illegal" before 2016 and that wasn`t a problem.It`s obvious that the Chinese government will sooner or later ban cryptocurrencies,but all the crypto owners and traders will move thier funds to Japan or other Asian countries. The real problem will appear when China bans mining. the thing is so far i have never seen any of them talk about "banning" bitcoin. China specifically is mostly speaking about regulating it. as in preventing the money laundering through exchanges, preventing the scammers from ripping people off using ICOs and generally things like that. and when money is involved (CNY) any services that uses fiat (aka exchanges) needs to follow the money laws. and that means regulations like that. It seems like the case for decentralized exchanges is becoming stronger as we speak, if bitcoin and other cryptos are decentralized then we need decentralized exchanges that cannot be as easily be subject to pressure from governments, but at the end if a decentralized exchange wants to allow withdrawals in fiat then they are going to follow the rules of governments. |
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