Well, right now, if an alt-coin has some sort of technical feature that proves beneficial, Bitcoin has the power of their vast developer community to adopt said feature and thus make it beneficial for them as well--it's almost like they can be a step ahead. In addition, right now BTC is the longest standing of all the crypto's, that could mean nothing to some, but for others the fact that it has survived now for 8 years gives it a much higher store of value overall. Ultimately, btc is just more accessible right now as well, with more exchanges and merchants adopting it as a form of payment. We'll see, all these things could mean nothing seeing as how volatile the crypto-space is but if these factors continue and (hopefully) keep improving, btc will remain the undisputed leader
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Electrum is on of the most effective and secure desktop wallets out there with wallet encryption and signing/verifying messages. Exodus is up there too (although not open source) it allows to store quite a variety of altcoins and has a super easy UI. Finally, Bitcoin Core is a full node BTC wallet, allowing you to independently verify transactions on the network and do not need to trust anyone else in the system.
Although these are some decent options for a desktop wallet, if you plan o hold a large amount of Crypto, it's advisable to check out hardware wallets.
Hope this helps!
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Unlike Jaxx, MetaMask stores your seed phrase encrypted with your password, so there's have a slight advantage in that an attacker with full access to your computer would also need you to have MetaMask unlocked to have a chance of using your accounts. They plan to implement hardware wallet support, and other offline signing strategies, but it's advised not to use MetaMask for longer than you need to. Hope this helps
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Make an account with an exchange site and buy btc by transferring directly from your bank--that's as easy as it gets. Learn about wallets and how to secure your coins first before purchasing, however! There is plenty of information on that in this forum. Anyway, there are many exchanges out there, I'm not sure where you are located but gemini or coinbase are popular options for people who are fairly new. If you are outside of the U.S., bitfinex is a good option.
Cheers!
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I don't think being overpopulated is the concern, but I see what you mean. I think the real concern right now as others have mentioned is scaleability. If a way to increase the processing amount and speed of transactions is implemented, along with reasonable fees, then we might see btc being adopted as more of a mainstream currency--one that is available for use in a variety of everyday purchases for MORE people. The whole purpose of btc was to give financial freedom to the public, I don't believe there was a limit to the number of people in that initial thought.
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Keeping your coins in separate wallets is more leg work for you, but you can consider it like hiding cash...you can put all your cash in your top sock drawer, or put $100 in the fridge, and a $100 in your sock drawer. It definitely diversifies your funds, but you can also put all your money in a safe (metaphor for a hardware wallet) and it'll be quite protected. Hope this helps
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All three are at the top! However, Bitcoin is above them all in terms of long-term stability. Ethereum has a positive outlook for the future, so look into it and see if it's something you'd like to put your money on.
Good luck!
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If you want to invest long-term, Bitcoin and Ethereum hold the most promise, but there are altcoins that are also looking up. The key is to do your reasearch and keep up with market trends and go from there. Altcoins will be more risky, as Bitcoin is more stable.
Good luck!
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Wallets like exodus, jaxx or coinomi support multiple currencies--look into these if you are looking to invest in multiple coins.
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yobit isn't well-known for the customer support but I think the best course of action would be contacting them and explaining your issue.
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Earning merit is not about starting topics, but more so providing accurate and relevant responses to people's questions. It's mostly other users that provide merit when you provide a quality answer.
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It's not that bitcoin is difficult to use, it's just a new concept for most people. The more popular it becomes, more streamlined apps and wallets will be developed, and maybe more effort will be put in to educating people about how to buy in and manage their accounts.
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Try getting him on-board with blockchain technology, maybe if he sees what btc is built on he'll see some benefits.
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There's no rule of thumb for investing in the cryptospace, not yet. Holding that many coins might make it hard to manage, but if you are able to and are able to keep them secure, there shouldn't be a problem. As another user mentioned, it's always good to believe in what you invest! If you ever start losing interest in some of the projects you can always consolidate into a few that you truly like--later down the road, of course.
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All I see when researching them online are warnings from other users and scam accusations. Perhaps it would be prudent to look elsewhere for an exchange site?
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Yes. Nano ledger s. I think it's the best wallet out there. I heard trezor is also pretty good but I haven't tried. Basically any hardware wallet that can have a eth and neo address should be able to do that.
Yes, Ledger Nano S is a great choice along with Trezor which also has a good reputation!
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Hardware wallets are a very secure options, and there are a few top ones to choose from: -Ledger Nano S -Trezor -Keepkey
While they aren't free, they can provide added protection that other wallets cannot; they are worth looking into it you plan to hold a larger amount of funds.
Hope this helps!
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Withdrawals from GDAX are free so you can transfer over your BTC and then use that to purchase alt coins. Finance also has a good reputation for fast transactions! Good luck
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Welcome! When using this forum, you can do so for your own personal knowledge growth, or grow your profile up to a higher rank...you have to meet certain requirements for that to happen. Take advantage of the subcategories on the homepage such as "Beginners and Help" or "Alton Discussion." These can help you filter out what you're looking for or where to post. If you haven't already, another forum you can utilize is Reddit. Cheers!
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