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Cryptocurrencies are too much correlated to Bitcoin. If he plunges then all altcoins will follow the same path or even worse. For me, buying only Bitcoin is the best thing to do at this moment. On the link below you have some plotted data: https://cointimes.com.br/investment-diversification-in-cryptos-bad-idea/For example: Correlation between Ethereum and Bitcoin is 0.82 which means a very strong correlation. In 2017 the same correlation was 0.41. For me, if you're diversifying in two types of assets that have the same correlation you're doing it wrong. What do you think about it? Diversification is not bad at all. Actually it's a matter of choice if you do diversify you need to make sure that your choosen crypto has not correlation to each other therefore you can't be wrong in doing diversification. There some other cryptocurrencies that correlation to bitcoin that can be used for diversification. However, Bitcoin is the best investment at all. |
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I have a friend who is interested in getting into bitcoins but he does not have a lot of savings or any major investments. He also has a lot of debts to pay and has an average wage job with a family of 4 to raise. When we were talking yesterday, I thought: who really would benefit the most from investing in bitcoin or cryptocurrency? Can those who are like my friend get into bitcoin even though he has no major investment? Or is bitcoin only for those who can afford it?
Actually, it is very good things to decided to have an involvement to bitcoin and other cryptocurrencies but before starting to involve here make it sure that you have a lot of knowledge about it therefore you can do and think a lot of strategy on how your investments work and can give you much better profit that you need. So having positive set of mind and better strategies are the key to success. |
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Hi! I'm a complete newbie to the bitcoin community. Do you guys have any recommendations on what I should be doing first? Would truly appreciate any advice you can provide.  The first thing that newbies need to do is love this field therefore all of the things that connected to it are become important to us. In literally speaking, love this system so we can have much long patience and hard work to do anything just for the sake of having and gathering a full knowledge about it so if that happen we can easily adapt and understand what will are the system is and at the same time we learned. |
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Because it requires a lot of power and electrical resources are not small, the process of mining (mining) cryptocurrency is usually done with a special computer. Can be a desktop that is fitted with many graphics cards to server farm.
But lately emerged an alternative form of software that allows users with laptops or regular computers to participate in mining without needing to spend to buy expensive devices.
The Honeyminer startup software runs dynamic mining by combining the user's computer into a pool of thousands of other computers. Each computer contributes power to the cryptocurrency mining process.
The "power" donated comes from the computer GPU. If it is not in use, then the computer GPU will be used to participate in processing the mining process together with GPU kompter-other computers incorporated in the pool Honeyminer.
Thus, while the GPU capability of a computer may be small, the combined power of thousands of GPUs can generate significant resources for this collective mining process.
It's really possible to happen that maybe in the next couple of years or much sooner or later we can do mining in laptop or maybe possible into out cellphones, who knows? All the things in this world can be possible. Maybe it only takes much more time because a lot of geniuses people are non stop trying and working harder just to developed much better and hi technology in the future that has the purpose to help the people in the community to have a much convenient and easiest life of living. |
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90% of those who are talking about death of bitcoin are the same people who are trying so hard to buy bitcoin when it drops a small 5% so that they can accumulate a tiny bit more.
The rest 10% are the newbies who fall for the 90% FUD and are scared of the situation.
A lot of negative expressions and speculations about bitcoin but has no proof and basis that it will be happen in the near future. Absolutely no one can tell exactly what are going to happen in the future so why mostly of us choose to think negative things that to thinks positive things so we can enjoy the benefits and opportunities that Bitcoin can gives to us. However, for now Bitcoin are doing good and hopefully it will continuously performing better. |
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many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.
Actually, there is no right in anything related to gambling because it can causes bad effects to people especially it damages their financial stability by the cause of the possible losses in doing gambling. However, I'm also thinking why cryptocurrencies and it's system won't giving a chance to prove to the governments that it can brings positive things to the community and not a harmful one. Maybe cryptocurrencies can able to prove that it can be the best things to have one's economy in the near future. |
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Following the rejection of BTC/ETFs this week,bitcoin price fell by $400 which sent the price a little below $8000 .Many started the normal panic thing,today,I woke up only to discover that BTC has strongly hit 8.2k .This made my day as the price is telling us that BTC has greater potentials than what the SEC is thinking. I know one day the ETFs will be a reality.Sooner than we expect.Long live BTC and crypto.
Well, I think the ups and downs movements of bitcoin are not surprising because as we all known this system is very volatile therefore we don't need to be shock and surprised when it turns ups and downs. However, I believe that it has a very good potential in cryptomarket and hopefully it perform much better in the next few days, months and years of it's existence therefore all of us will be much benefited. |
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So I have been reading tweets and other media outlets which are predicting that the BTC will have a huge surge by December. Have anyone come across this and I don't know if I should be excited or that's another bubble waiting to be needle pricked.
Well, as we have notice now bitcoin already pump and hopefully it will continuous to rise for the next few days but there's a facts that this system is very volatile and has a lot of fluctuations so it's possibly gives the downtrend movements anytime therefore we much be aware and alert of the movements in cyptomarket so we can be avoid for on losses. However, having faith and hope that in this coming December or end of this year 2018 bitcoin will absolutely perform a better movement so all of us can be benefited. |
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from the illustration of the image according to my understanding is a natural disaster.
will bitcoin bring disaster to the world ??
No, that is not. Bitcoin are giving to us a big opportunity and can be changed our lives and of course it will not bring disaster. If all people are believe that Bitcoin will be the world currency, the OP says is the possible will may happen to our world. Base in broad understanding, bitcoin can be possible to be the best remedy that can can be the solution to avoid poor life of living. It's depends on us if how we can use it. But the best things to do is using in in appropriate way therefore we can also gain much better from this that can change our life for the better. There's nothing wrong to believe as long as that it can possible make ourlives and our economy much better in the future. |
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I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
Actually, people has their own decisions so bitcoin and it's system is not the problem. Even it's very volatile or not we cannot do something for this because this is what the system is and we have our choice we have the right to decide to adapting it or no. However, in regards to scammers, well, i could say that in any places there are the scammers and foolish people that can do everything just for the sake of money so the main problem to this issues is non other than the people on itself because bitcoin is only just a system and people are the one who can able to handled it so it's really up to us on how we can used it either in appropriate or improper way. |
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Bitcoin prices are constantly decreasing.Its price has increased slightly a few days ago, but now it has decreased again.So, the bitcoin will be completely destroyed? If the predictions of different researchers will be wrong then..
What is the reason for lowering the price of Bitcoin?
Actually we cannot blame most of us especially to those people that we can considered as a small investors because the mostly people that affected to the long trend of downfall is them because they only have small investment to risk. However, the big investors are happily enjoying this bullish season because they considered it as an opportunity to earn much more bigger profit in the future. But whatever it lower can be, one thing is for sure it will be bouncing back again and reach it's recovery. |
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Hopefully it will recover again soon because new are suffered until now for a long period of downfall and maybe there are the upcoming time that it start recovery even if slowly. We just need to keep supporting it so it possibly doing or making a better movements in the next few days.
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Bitcoin is form not only for using it as payment, it can also use for investment. But the main purpose of it is by helping us to have a much easiest, fastest and much convenient way of doing or making transactions.
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