Mentioned here a few times already, but I would also go with Litecoin. It's similar to Bitcoin and a little bit better imo.
I also really like that fact that there will more coins in circulation than with Bitcoin. I've always found that 21 million cap a bit on the low side.
The 21 million cap may seem low but in the future we will not need to transact full bitcoins at the moment I prefer to use the mBTC as the correct way to measure bitcoin since the price is close to one dollar may be in the future we will have to use even lower amounts to represent the unit closer to a dollar in value. |
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in this case I prefer to trade from the Minning. well, perhaps very many losses in bitcoin minning if you do not plan properly. and that certainly, require a lot of money to produce that much in Minning bitcoin. Well, although trading does have risks, not least the risk is very small if you really have to understand in trading.
Yes, you are right trading is always a better option when compared to mining because mining is very vast subject to learn, at the same time lot of time-consuming factors. So it is always good for the people who wants to trade altcoin or bitcoin. Not just it will consume your time but it will consume a lot of things. First, money, you need to have a big capital as given by Farma. If you don't have enough money for starting your own mining rigs and place be ready also for the expenses because it will eat a lot of electricity except you are living on a country that does have cheap electricity. Just be a broad minded here. If you are a good with techies and have funds but not good with trading, what will you do? Trading is not for everyone, same thing with minings. I think it depends on which things the person have interest. You can easily say trading is best but actually have poor result in trading, the difference between this is that mining gives more possibility to earn bitcoin, simply by joining the pool and have a shared on the blocks that were mined. Trading can give you more profit if you are good with it. The thing here is, where are you good at. Then go with it to earn Bitcoin. We know the fact that trading is not truly for everyone but it can be learned. What if you are a techie person but you don't have something and doesn't have enough capital for making your own mining rig. But I agree with you, it's better to go where you are good at but you need to consider the expenses and your capital for it. Not everyone can trade, but the startup costs make it a lot more of a viable option than mining, also even if you are not natural good at trading you could be able to learn by reading a few books and reading the forum. |
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Payment confirmed thanks secondstrade. |
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I think we are going to see bitcoin reach 1700 dollars at the end of the year I think we are going to have the current price for some time but as people keep getting confidence in bitcoin that will allow us to get more people in bitcoin and eventually the price will skyrocket.
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Bankers may disappear and the banks,but the world banking will never ever disappear.Bitcoins has no match in banks in this days and even in the future.Banks are runned by government.There are still lot of things bitcoins must have pass to make banks disappear.Or bitcoins and banks may work together
It is the other way around governments are ran by banks that is why they get away with anything since they have bought every single politician and they cannot do anything against them since they are basically employees of the banks. |
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The Resurgence of Litecoin
Last but not least regarding SegWit is the fact that the world’s second oldest cryptocurrency, Litecoin (LTC), is on the verge of signaling SegWit activation in their own network, spurring a boost in new mining software aimed to take advantage of the likely event of its activation. Litecoin has always been touted as the more environmentally-friendly version of bitcoin since not nearly as much computing power is necessary to keep its network running and blockchain secured. This has pushed the price of LTC to fresh highs on speculation that lower fees and faster transaction times provided by SegWit may give it an edge over bitcoin in terms of future user adoption. Still, if anything’s certain, it’s that the future of cryptocurrency is always uncertain. A mantra heeded to potential speculators hoping to capitalize one way or another on last week’s events could best be put in terms of an ancient axiom: “change is the only constant.”
The best case scenario for Litecoin is to become a testbed for Segwit. It still remains to be seen if it gains an "edge" on Bitcoin. Maybe if the dark markets started accepting Litecoin then we should have something to be worried about. But right now, as is, everything is still ok. Maybe LTC might gain some of the market that BTC has but it will not wholly dominate it. It is obvious Litecoin is not going to surpass bitcoin, but without a doubt it is going to give a push to Litecoin and it is going to attract a lot of attention for some time, but at the same time this is nothing new for quite some time if you wanted a faster confirmation time then you needed to use Litecoin instead of bitcoin. |
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I think it do not depend the name but it depend on the features and the trust on it. It is the first cryptocurrency coming to the internet and then people started to use it and then they knew that it is the most secure currency out of all other coins and so it is still No.1
Although the name Bitcoin is very catchy,Bitcoin is celebrated for its magnificent features.Its the pioneer in crypto coins.It has been eight years since bitcoin has been created,but no altcoin has been able to come near its place.They have been just pump and dump coins.People invest in altcoins to just fill their pockets quickly using the pump situations.Nobody invests in altcoins for their features.Only bitcoin is bought for its features such as decentralization,P2P transactions,fast transactions,safe investment,etc. The name is nice but the reasons bitcoin is number one, is because bitcoin was the number one, nothing like bitcoin existed until it was created and the amazing characteristics bitcoin has made bitcoin and incredible popular choice in comparison to other coins. |
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Dear members, I had an similiar topic to this one, but I've changed several questions from the other topic. I'm currently doing a research on Blockchain and platforms running on the Blockchain. I would like to know your opinion on Dash based on just 5 questions. It would take only 5-10 minutes of your time and it would help my research ALOT!!! Here's the link to my survey: https://goo. gl/forms/AkIiDxUd9FuRQFaw1 (without the spaces between goo. and gl) I hope I can post a link here.. If you have any tips or questions just reply here.. Thanks in advance. The concept of the coin is not bad at all but let’s be honest the issue of the premine is always going to be there and many users are always going to distrust the coin and the developers for it and I cannot blame them at all. |
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I hold ETH, Litecoin and Monero, these are the only ones I believe in, there maybe more coins out there but I have been very busy lately so I don’t know If the rest of hundreds of coins are worth holding but I suppose most aren’t since most are just pump and dump.
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Such a situation won't arise and if that happens too no altcoin grow same as bitcoin. Lot and lots of altcoins are found, people prefer different coins based on the requirement. This will diverse the user profiles causing the altcoins to be listed next to bitcoin.
It could happen, even if the new coin is not as strong as bitcoin was, the amount of money invested in crypto will get bigger as it gets more popular and that will allow any altcoin to eventually reach a greater market cap that the one bitcoin could have reached. |
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Hi Folks! Who do you think is profitable Trading bitcoins for other payment method or mining them Everybody feel free to reply you're free  As a traders I think we make more profit than miner's. Bitcoin has been increased in values since the inception and traders make profit either the price of bitcoin is going up or felling. And because of the fluctuations in bitcoin price traders especially professional make profit every days. Though trading is very risky compared to mining the reward worth it. Trading is risky in primary stage but after spending enough time you get used to it and you can easily predict what can be the next movement and you will buy or sell accordingly and I think trading is the best way to grow your coins in quick time. In fact, trading or mining is equally lucrative, of course with a large capital. But I agree with you if we are a professional Trader, able to master all market analysis with all information from the various news and reading charts Market, it's will be great way to grow our Bitcoin than mining. Mining has now become an costly affair as it involves capital for buying equipment and also needs cheaper electricity cost or else it won't give you desired results and that is the reason now people are more moving towards trading to grow their bitcoins. Also as time passes is that mining is going to become less profitable as the block reward keep getting halved and with that mining is going to become more difficult especially from the economic point of view so it is better to trade than to mine at this moment. |
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This is a complicated question. The reason why banks exist is because they can do credit creation (by issuing loans.) This enables a bank to lend out more “money” than reserves (at the central bank and other assets.) Bitcoin is like “gold” and if it becomes more common in everyday transactions it would mean that banks would have to build up bitcoin reserves, in case they start having accounts denominated in bitcoin. This in turn enforces central banks to hold bitcoin in case banks have to be bailed out (if bitcoin becomes very common.)
However, in parallel there’s more development happening around the bitcoin network. Although the bitcoin network cannot handle much transaction volumes, there’s work that enables decentralised high speed transactions using the bitcoin network as a settlement layer. These technologies are named lightning network, lumino, sidechains, etc. This enables high capacity transfers completely outside the banking network. If peer-to-peer lending networks enables alternative ways of people getting loans, then the need for banks may almost diminish. At least how we view “banks” today, i.e. credit creation. These institutions will of course not disappear but transform into something else. Perhaps into something like investment funds.
Banks are just going to adapt if bitcoin becomes king, it is very likely that you will find a way to pull their trick on bitcoin the same way they do in fiat and then they will keep doing what they do best stealing people’s wealth by providing a service no one really needs. Bitterly Truth, we can now monitored and control our money so why bother ourselves in engaging in banks and other banks activities. Our bitcoin wallet have features that are useful like banks and having low transaction fees are much more better than in banks. Yes, but it seems that people are blind and kept ignorant about how the economy really works, so as long as they can exchange their dollar for products and services they are fine with things as they are which is a shame since things could be a lot better thanks to bitcoin. They are blind and ignorant because fiat still supplies everything they need, they are confortable with this situation, it's normal. Currently the most people that are using BTCs are doing this because they need extra sources of money and Bitcoin is a good one. Maybe there are other people needing money also, but for any reason they don't trust Bitcoin or they think it's a dangerous currency/scheme. To say the truth I tought this before start using BTCs. But the issue of not caring about anything as long as you are fine is that you let go other people to get away with stuff that is just wrong, bankers get away with almost anything they do and don’t have to fear facing justice because they can buy the justice system, so at some point things need to correct themselves and when they do, it is not going to be pretty. |
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The fears of a hard fork were bringing clouds on the bitcoin price, with some people planning to short or go back to fiat, but those fears are now cleared after BUcoin collapsed. Now Core can keep doing a good job keeping our BTC safe, the price will keep organically growing, and let's hope that miners start being reasonable after this and adopt segwit, but with or without segwit price will keep going up because bitcoin is still insanely undervalued.
I will like that to be truth but I don’t think Bu supporters are going to give up that easily also the price you suggest is too high that would mean bitcoin will need to almost triple its price in a matter of months which is unlikely taking into account the difficult month we left behind us. |
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I think this was all a coordinated plan to get the price back to sub $1000 so whales can buy. Same thing with LTC, they crashed the price so they can buy sub $10.
I do not think so. The truth is slowly showing that there is a conspiracy with the miners and the Bitcoin Unlimited developers. Its like the Chinese miners have hired their own set of developers to take control and do with Bitcoin any roadmap they want. I think so too, it seems the miners are trying to take over the network, and while they are key to the existence of the network at all it is incorrect to think they are the only ones that matter, the average user is even more important because with us bitcoin is worthless. |
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Received payment, thanks secondstrade.
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so let's assume bitcoin has imploded. there's still an alt market and you're still committed to the concept of crypto.
where do you put your money after that? what other projects do you truly believe in long term? i don't mean the pursuit of quick dollars, i mean something that you're willing to sit on for many years with enough integrity and potential to really go places.
I think it will depend on the reasons for the implosion if the implosion was caused by the current debate and another alt had activated segwit then that will be an interesting choice but if bitcoin imploded by other more obscure reasons then I don’t know if I will remain in crypto. |
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If LTC activates Segwit, wouldnt BTC Core dev's want port all their Segwit and LN related hard work to LTC and continue developing on LTC chain while BTC is still deadlocked?
I have not read too much about LTC recently but if I remember correctly didn’t they have problems to activate segwit as well? And if they do then what could they do to change that that is not possible to do in bitcoin. |
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That's a LOL and a half, because satoshi probably IS the government. And if it turns out that the CIA, IRS or some other agency or foreign government created bitcoin, the communit would collectively shit their pants and crypto would shit the bed. So it is best that fools keep guessing. Not that it matters anyway.
It will be an ironic twist don’t you think? That governments or their agencies were the ones to create the hydra known as bitcoin, but it should not surprise us since there are many projects that were invented for military use that were taken by the civil society and were made bigger than anyone imagined. |
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Ethereum can go bust at anytime now. Bitcoin is very close to solve its problems and if not, LTC is there to fix them.
Ethereum is very different to bitcoin so even if bitcoin solves its most pressing issue, to activate segwit, I don’t think there is going to be such a huge drop in the price of ethereum and also LTC in my opinion is nothing more than a copy of bitcoin. |
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Trading for sure,mining it in many cases not profitable these days,you have to start mining a crypto that has just launched and eventually you can make a good profit if the coin performs,if you go trading and learn it you will have profit almost every day and you will get better at it
But you must have some sort of talent if you want to really perform well in trading and earn from it. If you're really new to it, for sure you'll lose a few dollars before you really come into profits. The more skill you gain though will also increase your profits over time. I will advice you study your options first before doing any of the two. This is one of the things few people take into consideration, they think they can just put money in some exchange and begin to trade when the truth is you need a lot more than that to trade in bitcoin since the markets are so unpredictable that the chance of losing is big if you don’t know what you are doing. |
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