Probably the safest way to make money with trading bitcoins is through arbitrage. This means that you see an opportunity to buy an bitcoins in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the bitcoin immediately at a certain price. If you wait - then this is no longer arbitrage trading, but speculation.
Go and have a look at the price differences between exchanges and check out if you can find good opportunities.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency.
When the price drops again, you buy more Bitcoins and start all over. If you are lucky or can predict price of btc you will earn some money from this.
I like the idea a lot. I'm struggling myself, just wandering how I could make this work and I think other than strategy, I'm counting much on luck. Although luck works for some times, to continue speculating doesn't feel like the best solution. Thank you so much for the info and knowledge  Not to me. Arbitrage trading in case of Bitcoin stopped working from last couple of years. Basic reasons- 1. High fees which make it really difficult to load/eject fiat. 2. Confirmation time which almost kill the opportunity due to excessive Bitcoin volatility. 3. Different niche of markets. For e.g. BTC/USD and BTC/CNY. Not everyone can work in multiple currencies. |
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I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?
Since Bitcoin is unregulated in most of the countries, it is certainly possible that anybody can claim your Bitcoins. I don't think will in this case would work too, you need to give out private keys to your nieces, nephews rest no chances. I think best for you is to spend BTC and enjoy your life or alternatively let BTC rest in your wallet and forget worrying what would happen to them after your death. Let's them lock for future. |
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Launching a coin is not that simple . You need a fatty bank balance for it.
I would like to add, launching a coin is not that simple. You need to have working idea pre-hand even before thinking about your own cryptocurrency no matter how much bank balance you got. One need to has that much guts to realize that no one gonna invest in any shitcoin if not backed by any project. It would simply be a ponzi collapse or gambling. The simple rule in success of cryptocurrency is utility . Your coin need to have some real use, believe me you hardly need any aggressive marketing afterwards. |
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It started in Ukraine. A new ransomware struck computers and soon spread internationally. It cripples computers and digital operating system by taking control of them and demanding digital ransom from their owners to regain access to it. Guess what the digital ransom is?
It is Bitcoin! These hackers are using Bitcoin pseudo-anonymity to terrorise households. This is an international phenomenon and many security agencies have their eyes on Bitcoin. I think that hacks that occur remotely in the cyber world and demands ransom, will continue to ask Bitcoin as the ransom. Bitcoin is the perfect tool for such crime. What do you guys think?
Indeed, Bitcoin is good tool for such crimes to ask for ransom. But is it true that such attacks are happening for first time? Or term 'ransomware' is originated after Bitcoin? Why to specially mention Bitcoin as a highlighter to hide our deficiency on security front? Bitcoin can't be blamed for these attacks anyhow. |
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Considering the continuous rise in Bitcoin value, I don't feel Bitcoin will be able to change this deadlock.
Alternatively, it will follow the similar pattern as FIAT does.
Suppose someone bought BTC for $400 three years ago, now in present he automatically becomes 7 times richer than those who will buy BTC with same amount of FIAT. As a result, when cryptocurrencies will become wide-spread to 20-30% of Population, early adopters will directly comes in top 1% bracket who bought BTC at low prices as compared to those who will buy at this time because supply remains constant.
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
You should not have asked in such zig-zag manner. As far as to me, your question is regarding whether to hold Bitcoin or spend it. This question have been answered many times. All depends upon your needs. If Bitcoin is your only source of income then you have to neglect investment aspect and spend it more often. But if Bitcoin is your compliment earning then surely should save it who knows your 50 cents turn 50 dollars tomorrow. |
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You posted in a thread by https://bitcointalk.org/index.php?action=profile;u=1037049 cryptoinna which was trashed because it was a bot copying and pasting content. Can I know what happened actually?
A thread which you've posted in was moved to the trash can. Do we have access to trash can? I want to see which threads were moved there. No. Only Staff do. Ok thanks for info. Its going to affect my signature earnings!!  Yes, luckily.
A classic example of 'Crypto world spammer problems'.  Well, this is wrong to say. How could I know whether thread was copied or not by bot as far as thread leads to productive discussion. |
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Can I know what happened actually?
A thread which you've posted in was moved to the trash can. Do we have access to trash can? I want to see which threads were moved there. |
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I checked my profile today and some 5-6 of my recent posts were missing. I am sure enough I didn't delete them. Also got no message from mod team about post delete. Can I know what happened actually? |
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Only a controlled economy can be spared from inflation (though this is also debatable). In an open market like we are enjoying right now, inflation is a matter of fact and is part of the reality of life. Nobody is immune from the power of inflation.
Inflation happens when when the price of goods/services rise up and the money you are holding has less purchasing power like it has before. When inflation rate is going up what is happening is that our money's purchasing is going down. For example, if one bar of soap can cost $1 and the inflation is 5% then there is a possibility that soon the cost of that soap can be $1.05 or maybe what the soap manufacturer would do is reduce the quantity and quality side so that the price remains but the same product is not there anymore.
Now, talking about inflation, I am wondering if Bitcoin can be an anti-inflation agent or will it even induce inflation to a higher level?
There have been many discussions -- continuing discussions in fact -- on this subject and still there is no definite answer maybe because Bitcoin is still relatively new and theories/speculations are still waiting for validation.
Yes, Bitcoin is efficient enough to control inflation. This is because Bitcoin value is getting increased day-by-day so if someone holding n amount of Bitcoin, he can buy more with it today than what he could do year ago. Thus there is constant rise in purchasing power. However, I wonder if we bring economy to homogeneous mode where Bitcoin is only currency without measuring its value in fiat, would there be increase in value! |
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I apologize if this question is in any way naive.. I'm not really any kind of economics expert. I was just wondering what might happen to the world economy since there are so many new people getting rich off these cryptocurrencies... Just based off speculation or holding the right coins a lot of people have gained in wealth in the past years. And it doesn't seem to be slowing down.
So, you have a lot of 'new money' propagating even 'newer money'... and so on and so on, until a lot of people are pretty rich. Does this mean that there is a huge depression ahead of us? Surely just making more and more money can't go on forever, can it?
I'm sure I'm not seeing the big picture here so please, could someone explain it to me?
Two points, Number one, until and unless holders sell coins, it won't add anything to economy. Their wealth will just be estimated and won't count towards economy because Bitcoin and other crypto aren't legalized yet. Number two, when holders sell coins, it leads to shift of wealth from one nation to others. Suppose A from US bought Bitcoin for $500 and sold for $3000 to B from UK. So it would result in addition to US economy by $2500 and deduction in UK economy by $3000. Several people think cryptocurrencies are blowing up the economy which isn't true, it is just shift of money worth either inter country or intra country. |
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Ltc= LZbFnDJznXhRQUymLKhqR6UYByMxvuw1f5 |
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Name= webtricks
Rank = Full Member
Current Post count = 744
BTC= 13mendmy84QcSjoXRqv1Y69EDkNWv1PUJP
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If you consider web wallet then 'BIT. AC' is good wallet to store all the coins at one place. Wallet has internal exchange service too so its all good.
While you can consider 'MyEtherWallet' for Ethereum. It has facility to generate private keys.
As regarding cold storage, there is none in my knowledge. It would be better to know from others.
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Trading is perfectly an educational guessing, because without knowledge earning from trading is really impossible. So the better learning about the digital currency market and all about the functioning of the entire system helps with the profitability than loses.
I think if you're just relying on guessing then all you'll get is a defeat. Trading is not just about guessing but you need more skills. You can not rely on luck alone to trade. Because of course it will give you a loss Its is wrong to say guessing don't work in trading. Afterall it is the basis of skill development in case of trading. There are no books or theses teaching anyone how to trade. Its all depends upon your past experiences and gain/losses. Due to higly dynamic nature of trading ecosystem, luck has most crucial role to play except you have some insider on your side. |
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