Some people invest some if not all of thier asset in bitcoin. They are lured by its growing up value its equivalent to fiat currency but is bitcoin really safe and secure.? What do you think.,
Bitcoin is safe and secure in its technology which is as it should be, everything else depends on the user, remember we are our own banks, when you put your money in a bank they are the ones in charge of most of the security in your account but with bitcoin your responsibilities go up and you are the only responsible if you happen to lose your coins. |
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Scammers are always there in the internet and they good in their games. They will always paint it to look enticing and in you enter and sometime before the due time the site will fold or the will be an issues that burst out which will force the website to close. There ends your money.
Scammers are very good at tempting users with something they know they want and then they take advantage of people that due to greed or ignorance do not know better and then,lose their money to scammers, then these people claim that bitcoin is a scam and this slows down adoption so scammers are really a pest against bitcoin and it users. |
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Hi, I'm a newbie here in bitcoin and I'm not that really familiar with the methods and strategies in earning here.
Since this is an open forum and I don't want to commit any mistakes using it, i will just ask and get suggestions if bitcoin can be correlated in any social medias that i mentioned?
Thank you.
I do not know of any methods of earning bitcoin in facebook or youtube but there are several methods to earn money there, you could use that and then buy bitcoin with that money, now if you want to earn bitcoin I think it is a better idea to go to the source and find ways to earn bitcoin directly, this forum is a good option since you can offer your services and earn a lot of bitcoin if you are capable enough. |
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As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.
We can only hope you are right and the next decade on the life of bitcoin becomes an era where bitcoin is adopted through all the world and people use bitcoin in their everyday transactions and use it as people are using fiat right now, I would love to live in a world like that where there are no limits to what we can do with our bitcoin and the benefits we get out of it. |
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The problem here is the question is CAN? yes of course Bitcoin can reach 40,000 however I dont think 11 or 12 months is really long enough to be speculating on what is more likely a long term cycle event. The last price obective I heard from someone speculating on the tail end to moves since the Mt.Gox sell off was a rough estimate of 15,000 to 25,000. Think of it like a high tide and low tide, free markets follow natural patterns in that way. The tide never rolls one way forever. So 40,000 is possible but unlikely this year I think. I will post the reason why I think 40k is possible not impossible and that is the decline of the dollar. Every price is a combination or fraction of two factors. So bitcoin relates to dollar and dollar is in decline for decades now, hence 40k is possible  It seems to me you are mostly correct, the previous year was an impressive year when we see the growth but it is not very smart to think every year is going to be the same, this year most likely will be a year of transition in which not much happens and even where the price goes down but we must not panic this bear market cannot last forever and the price will go up once again. |
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I personally for personal reason like that so many people still don't take it serious. I want to collect as much as I can before they do.
This is a blessing in disguise, it may seem bad that not enough people have adopted bitcoin yet but at the same time this give to us the chance to get bitcoin for better prices than most people in the world are going to get, this means that even buying bitcoin right now is going to give you an advantage in the future when the price of bitcoin skyrockets. |
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I hope it does not, I do not have money to buy bitcoin right now so I will be unable to take advantage of the low prices but it does not seem like it is going to happen, the price seems to have finally reached the bottom and now we have a stable price once again, but this can always change if more bad news regarding bitcoin begin to emerge and if people begin to panic and sell their bitcoin for these low prices.
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I think i can protect myself from being hack just to dont sen my private key just keep it secret and private from anyone
Things are never that easy if that was the case then no one will ever get hacked, but we get threads all the time of people that got hacked somehow and most of the time it has to do with a link they clicked or a software they downloaded and has nothing to do with sharing their private key, most of the time when a user shares his private key he does not know what he is doing or was deceived by social engineering. |
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Hi Guys,
When daytrading Ethereum, do you think a profit of 5% will be possible?
What's the maximum percencentage per day in terms of profit?
More than 5%?
Love to see your opinions.
Cheers
You are expecting too much, if you are a trader you could expect that percentage at best per week, and that is still very high, as you may guess there are going to be moments where your earnings will be better than that since the market will be bullish but in this moment where the last weeks have not been very good you should be glad if you break even. |
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The last time I did this analysis, gold was a thousand times more expensive than Bitcoin, if we compare the same proportions of total supply. By now, Bitcoin has risen 30-fold, and so gold is only 30 times more expensive. Of course, I was roundly dismissed for speculating Bitcoin could get anywhere near a six-figure price in dollars. If I was criticized for being too bullish on Bitcoin, today I might be seen as too bullish on gold. How to answer the question -- where to from here? As I wrote recently, gold is objectively a better money for securing savers' freedom from governments and central banks. So, if the long-term price ratio is 10 to 1 in favor of gold, Bitcoin can still go up 3 times. It'd still be a great return by the standards of any asset, but Bitcoin is not quite as compelling as it used to be. Especially, many early owners of Bitcoin, now flush with capital, who are also sympathetic to gold, might decide to sell some Bitcoin and buy gold at these prices. We have to be careful here. This entire analysis was based on the (pretty common) assumption that governments and central banks have nothing to do with gold and Bitcoin prices, and that the future of Bitcoin is to be another limited-supply monetary asset like gold, but at an appropriate relative price. (The reality, at least with gold prices, is of course the opposite.) So, the real question is what the Western elites want (and what China and Russia want, if they're able to counter the West in the field of monetary engineering.) If Western debt levels and resulting economic/social/political problems are so bad that the elites have decided to use cryptocurrency to effect a reset of the entire system, to effectively wipe out their debt and start afresh, as just after World War II, then the sky is the limit for Bitcoin and cryptos. If, on the other hand, the Western elites are only preparing for such a reset by taking advantage of cheap crypto prices so far, then we have to watch the relative price to gold. The rise of Bitcoin, so far, is consistent with this scenario too. From here on, our thinking might have to change. For the answer to that question, watch the news closely for the signs! So I think it is safe to assume that the safest strategy is to hold both bitcoin and gold that way no matter what happens you will be a winner, not as big of a winner if you were to put all your money only in bitcoin or gold but still a big winner at the end, I do not see anything wrong with that strategy except that you will need a bigger capital to perform it effectively. |
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To protect yourself in bitcoin, I suggest you don't easily click at links, because there are a lot of phishing sites. Do not post your private address or password in your social media sites. Do not trust anyone with your password and to add more security you should install anti malware, anti virus softwares. You also have a choice to use hardware wallets because it is much safer.
Bitcoin users need to stop being so clueless, some have fortunes stored in their computers and yet they do not take a single measure to protect their bitcoin they keep clicking in everything they see, and they do not encrypt their wallets some even download pirated stuff which is known to contain malware, so if you are going to hold bitcoin in your computer your habits need to change. |
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I can imagine that in the far future, a government based blockchain currency that is declared worldwide. This may be around the time a one world government is put in place, but this will not happen within our lifetimes. (If it ever does)
I'm not much into conspiracy theories, but I think it can theoretically happen. With a digital currency, you get paid with it and transfer it for everything that you pay for. Governments would be able to track every transaction and they will automatically deduct taxes. (I'm sure the tax code will be modified quite a few times by then)
Governments would be able to shut down payments from certain wallets, like if you were under suspicion of a felony and have not turned yourself in. Similar to what Julian Assange experienced when visa/mastercard/paypal donations were cut off.
There are other anonymous digital currencies where one can survive without the Gov backed blockchain that I'm sure will be used extensively.
Just thought it was an interesting topic and thinking off of the top of my head...
You can imagine that if you want but that is exactly what bitcoin is trying to avoid, if bitcoin is still around then we will have nothing to fear from a currency with such characteristic and in fact it will be very doubtful a currency like that will ever emerge when people will have the option to use bitcoin instead. |
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There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...
I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
Lets see if this is the case, while I would like for things to remain stable I also understand that we are in the middle of very difficult times with governments basically lying to their citizens about the state of the economy so we need that to stop and if that means a horrible economic crisis then that is something we will have to endure. |
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With Russia welcoming crypto miners, Montana opening bitcoin mining facility, Chinese firm launching crypto wallet, Many countries continuing
to invest after hacks and launching more exchanges, Korea allowing trading again and Venezuela investing $5billion on Petro, We are about to reach
higher and higher once again. Right now its expected we will go to $13000 in a couple of days.
It seem your prediction was wrong, a couple of days have passed already and we are testing new lows, but do not worry we all have made wrong predictions the point is what are you going to do with the price so low, I plan to keep holding, I would like to buy more bitcoin but I simply do not have the cash in hand so I will miss the opportunity to make more money in the future. |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
I don't think YUAN will going to replace the dollar, dollar is still superious on some country though. If something bad happened to dollar, i think it will affect the bitcoin too, especially the price but it's not that big. Maybe a medium move on the bitcoin price. Or if the economy of America will fall down and make them 3rd world country which is very impossible as of now because their government of course will do everything no matter what to make them stay in power. you are very right, the state with a very strong superpower today is certainly not willing to release its power to other parties especially in the field of currency. but I think YUAN has its own power that can replace the dollar at a time. I hope the dollar will be ruined. because I do not want to continue to be led by the dollar. it would be better if the yuan would advance and destroy the dollar price. and this will have no effect on the crypto currency even if the dollar is destroyed The yuan is no better than the dollar the Chinese manipulate their currency even more than the Americans, they do so in order to boost their exports around the world so they are engaging in unfair tactics for the rest of the world so the next time you wonder why it is so difficult to get a job in your county part of the reason is the manipulation the Chinese government does to their currency. |
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Just to let this off my chest because of posts chastising people who bought coins at x5 or x10 their ICO. Honestly, no one knows how much is too much. BTC for example. Someone paid 10,000 BTC for 2 pizza in 2010...say those 2 pizza was worth $10, that makes BTC at that point worth $0.001 Using this value, is BTC expensive at; x10 or $0.01? x100 or $0.10? x1,000 or $1.00? x10,000 or $10.00? We all know the answer now but not when people were buying them at that price (ATH). Who knows how high; ICX, VEN, NEO, XMR will go? Are people who buy them at ATH stupid? I don't think so. If I believe on a coin, I don't care if it just pumped x10, if I think (and yes I could be mistaken) it will go up more I will buy it. For me, it happened with XMR, NEO, EMC2, VEN, ICX, PRL, WTC etc. Not all are success stories, I have my fails but all in all...I am way ahead and who knows, one of them might follow the path of BTC or ETH.  RANT over. Buying at an all time high is always a bad idea no matter the results you get, if you instead waited until the price went down your profits were higher, how many people bought at the all time high of bitcoin just in December, if they waited they could be getting 3 or 4 times more bitcoin than what they bought, so while buying at an ATH can still give you profit that does not mean it is something that you should do. |
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It will bring more liquidity and volume for sure... but also strict account verification. Something I don't like, because it's against the core idea if crypto-currencies. I don't plan to trade it. This was the reason USDT was created now if you want to deal with US directly exchanges will need to become even stricter with verifications, I'm not a trader so this does not affect me but it will affect a significant amount of the users in the forum, since many care about their privacy so while this move will attract new traders many old time traders will choose another exchange to trade from now on. |
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First, a word of warning: I think the valuation is overly optimistic, in the extreme, and I would take it with a grain of salt. May very well be a small analytics firm looking to grab some attention by making a splashy claim. That said, the report was published to the firm's paying clients, so their own credibility is on the line. The company making the prediction is FundStrat, which describes itself as: We are an independent research boutique, providing market strategy and sector research. Our differentiated approach is based on what we call fundamental strategy. That is, our research process combines both top-down strategy and bottoms-up fundamental views, to develop a roadmap of practical and useful investment insights for our clients.
According to FundStrat, Bitcoin is following Metcalfe’s Law, which essentially sketches out the value of a network based on how many users it has. “If you modeled something as simple as square the number of users plus transaction value, it’s explained 94% of [Bitcoin’s price appreciation] this year,” Lee said.  Now, as for the future valuation, Tom Lee, Managing Partner of Fundstrat, put a $25,000 price target for Bitcoin by 2022 in a note to clients published earlier this year. However, and this is important, this view is predicated on cryptocurrencies displacing gold in portfolios with Bitcoin serving a “digital store of value.”Presently, I don't see that happening. I think people using crypto as a long term store of value are taking on immense risk, and I don't see something as volatile as crypto displacing gold, which is historically a hedge against inflation and therefore done out of safety. Bitcoin is pure risk. A $25,000 price is fun to think about, even though I don't believe it's in the cards. It is incredible how just a few months ago that prediction seemed to be too optimistic and now it seems that is almost inevitable that we are going to reach that amount at some point in this year and in fact it may seem that price to be on the low side, this show to us how fast things can change in crypto and also why it is important to hold since it is impossible to predict when this is going to happen. |
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You can but you will be only hindering yourself by doing that, there are many opportunities to make money but you need to be able to invest something if you do not then it is going to become harder to earn any kind of money, not only that your path to financial independence will be a lot slower as well and I do not know if we can afford to waste our time anymore since crypto seems to be close to get major adoption in the next years.
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Yes I have unfortunately, that has happened to me by use of the USD, virtual video game currency and Bitcoin. Even though I've been scammed it doesn't deter me from participating with the Bitcoin blockchain still.
It shouldn't, the fact that someone got scammed is not bitcoin fault, people need to learn to be more critical about what they read, I have seen people overly excited about the profits they can get with certain investments and after reading in detail the profits that are promised by some of those websites you can realize immediately that those websites are nothing but scams but people want to believe they can become rich quickly and that is why they invest in things like that. |
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