What kind of site is it ? is it a cloud mining site ? if it is then dont invest money in that cause you will lose your money with that crowd funding or ponzi scheme platform whatever you wanna call it. Instead of getting profit they return less of your money or just run away with it.
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The reason why transaction are getting slower because of the 1mb per block limitation that was designed by satoshi nakamoto himself. Now that btc has gain popularity it also increased in users which means more transfer of btc on a daily basis which led to the congestion of the network. That's why the dev has developed a solution to remove redundant data to an on-chain network for better and faster confirmation.
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Nope even though with bitcoin being a futuristic technology a currency can't solve any of the worlds problems because it's function is to serve as payment, investment and security to the users. The one who should be saving the world should be humans that has good sense of morality.
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There are big difference between trader and gamblers. Trading is you can analyze the price by reading some candle pattern, price movement, charts and news update. o you can calculate when is the best to buy and sell that enables to make profit. Gambling is pure probability that is completely random with no technical analysis and you just depend on luck.
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Analysis is just to speculate price movements it doesn't necessary affects it but it can cause FUD and doesn't present any evidence or facts. The fundamental analysis though is focus on the proof on how the price is influenced by investment of some certain company or person and provides proof and facts that there millions of money invested in it.
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Bitcoin is far ahead than paper money because it is backed up by miner that mines block and confirms a transaction then gets rewarded. There are major factors that makes bitcoin valuable, it is the supply and demand a decentralized currency that makes it popular.
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If you have funds then go try it, if it's something you really want to learn and you have the capital then go ahead and do it. Before you trade make sure to study and research the basics and the fundamentals also be updated on the news. And trade your alts in trusted exchanges sites.
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Our country isn't ready for a cashless society because there are still many people who suffers poverty who can't afford internet and device or gadgets that can access the internet. Instead they buy it for they're daily necessities like food, clothing and bills.
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Ive experienced a lot of cloud minings and all of them doesn't pay good. If you're really mining they should atleast share the tokens mined and to be able to withdraw without any minimum payout and chose your own pool then be transparent to their costumer and actually show their mining rigs.
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That would go against bitcoin's whole purpose which is a decentralized system, i dont think government will ever use crypto currency because of this feature because for centralization is fundamental in any government. Crypto currency should be fine alone rather than syncing with government regulations which involves many risk and exploitation.
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Same thing happen to me, it happens to me everynow and then. My post is always on the right section and i post something that is relevant to the topic. But my post still gets deleted.
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Just holding your 2 bitcoins is enough then wait for the price to rise, you dont need to invest it anywhere cause it's already invested. Just a piece of advice dont invest your money in cloud mining sites cause you will surely lose money on those ponzi scheme platforms. Just do trading if you dont like to wait for your investment to pump.
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That would be a great innovation if ever facebook changes to blockchain technology instead wasting our time and being exploited by it. In sharing, liking and uploading personal data. We can actually gain from it through a reward like in bitcoin mining where users receives reward from mining block, facebook can also do the same when users likes a photo or comments or share files he gets rewarded and earn something.
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There are still groups that can promote bitcoin ads maybe the restriction has not yet been implemented. I've heard that it will take effect this june or something so facebook bounty/signature campaign should not be affected by now.
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Having an alternative way to know bitcoin price is very helpful cause there's been some news lately that coinmarketcap has been manipulating the market causing for investor to panic sell and resulting into FUD because of incorrect price analysis they provide. I also found a site that can be a reference for bitcoin price you can bookmark it if you want, it's called cointelegraph.com/exchange.
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When you invest on something the first thing to do is to research what you invested in. So you wont get surprise when the price goes down rapidly and you quickly panic sell. When it comes to crypto currencies, it is very volatile in nature because it is an decentralized system. Just read some articles and update yourself about some daily news of bitcoin, so you wont get shock when the price suddenly crash.
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The reason why most people chose bitcoin because it's the first of it's kind in the crypto market to introduce blockchain technology also a decentralized system and it has most experienced in trial and error. It has a history of countless challenges and surpass it, others are just plagiarist and copy cats of btc.
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I have a bitcoin wallet that is regulated by our government if ever i get questioned about being instant rich i would present this as evidence that i earn my money through bitcoin whenever i get wealthy with it. I have no problem paying taxes in fiat but our government has no laws about taxing bitcoin users. So i wont.
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This is why no matter how secure your wallet, private keys or trading accounts is. Social engineering or human exploitation can be the biggest security flaw in any system. Luckily i dont trade in cryptopia, i trade with less popular exchanges sites because fewer people means fewer issues.
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All we do is speculate and predict what outcome the price may go. So i guess the main skill is price analysis the ability to correctly put some remainders to when will the price will go up and down. And you start to become good in trading with experience so just research and practice trading daily. Im also a learner and practicing how trading works.
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