I am pretty sure at this level of visibility of bitcoin that anybody involved in any area of finance will be aware and will have probably bought some bitcoin.
He has spoken out publicly against Bitcoin, it has been mentioned in a few posts above yours. I can see why he would think that Bitcoin doesn't have any intrinsic value, it's different from stocks and other financial products, so it's not really surprising that he wouldn't endorse it. People change their minds though, perhaps he'll come around after a few years, when BTC's at 10k. |
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It's something that everyone should decide for themselves, I mean everyone earns a different salary, has different expenses etc.
But I can give some sort of general advice that I live by.
I just try to live as frugal as possible and just see how much I have left by the end of the month.
Part of that goes into crypto and part of it also goes into a regular savings account for easy access.
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Thanks for compiling this list Theymos, I'll enable notifications on this post to receive updates  I really appreciate you explaining everything surrounding ETH especially, you've just listed all of the reasons why I've refrained from investing in ETH. I'm also fairly sure that we'll see some more issues popping up in the future. Thank you Theymos for this wonderful list, I would just choose Ethereum as it's older and it has a solid platform.
As what I have noticed, there's plenty of projects build under ETH so I will expect it to be more valuable in the future.
Have you even read what he mentioned about ETH? Additionally, Ethereum ignored years of prior discussion regarding the safety issues of high-power scripts, and as a result of this and other design decisions, it faces serious security and scaling issues which have really started to become apparent as people try to actually use ETH for real applications. I can't see it surviving without major breaking changes or (more likely) an ever-increasing number of centralization band-aids.
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Also, I'd recommending looking at the courses available form Coursera ( https://www.coursera.org/learn/cryptocurrency). Coursera offers University courses from reputable Universities (Princeton, for example) and usually online and for free. It's a really great resources. You're not going to earn a degree for free, but you'll get great education on very specific topics. The link I provided above will take you directly to their cryptocurrency course. I'd love to hear some reviews of different courses people have taken. What's been good instruction? What's been a waste of time? I also can't recommend Coursera enough, it's free if you just want to learn along and have access to all study materials. But there are also courses which charge you to interact with the teacher and they will correct any assignments you turn in. I think even the paid courses are usually under 100 dollars. I've just completed a course for Android development and was very happy. |
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No, and I'm very glad that it's like this. We don't want more spam on this forum. I'd even like it better if there was a rule that you'd have to be at least full member before being able to join a signature campaign. Here's an overview of all the sig campaigns: https://bitcointalk.org/index.php?topic=615953.0 |
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I don't like either of those 2 websites. Fortunejack has some really weird rollover requirements for bonusses etc and I don't really like the interface of Primedice. I'd suggest you try the dice on Crypto-Games, use the faucet or PLAY credits at first to see if you like it |
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Those are just few topics.. there are more and more... Endless Questions... Endless Topics...Endless Possibilities..
This forum is fun and worth reading :-)
I agree with you for the most part, but on the other hand, you usually have to scroll through a lot of really really bad replies to get to the useful comments. Some people literally comment using English that's so bad that you can't understand it, usually signature spammers or newbies trying to grow their accounts. People should have a reasonable understanding of English to be able to comment in this part of the forum imo. I'm not talking about some basic grammar mistakes or misspellings, but total failure to post a coherent sentence. |
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It's not because we already have similar services for certain blockchain solutions that it's not a good idea to do those things via blockchain instead.
It's far better to have an honest decentralized system in place, instead of relying on some centralized authority, like Google.
Most of these blockchain solutions might not even get off the ground, but in some cases they will replace those services that are now being provided by companies who are just in it for the profit.
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How would you feel about making them all some paper wallets (in a secure way ofc) and just giving that to them.
You can show that their coins are on that piece of paper and they can just keep it themselves.
That way, you don't have any responsibility if they lose it or whatever.
You can offer to help them with cashing out too.
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I know some of the regular posters in this section are pro gold.
Probably one of the biggest obstacles to people investing is gold is not knowing where or how to store it to ensure safety.
What is the best method of storing gold/silver? Would you recommend keeping it in a personal safe? A safety deposit box at a bank? Burying it in the ground somewhere late at night where no one will ever find it pirate style?
Also what insurance options are there? Do banks insure safety deposit boxes past $100k?
Law enforcement confiscating money/precious items seems to be on the rise. Are there any tips for avoiding having gold/silver confiscated?
I would be interested to hear thoughts on this as it could represent one area where gold/silver might be considered less preferable to crypto.
The reason why one's money usually gets confiscated is because he doesn't pay his tax or he is a criminal. That's not true, it can also get confiscated if you are just suspected of committing a crime, at least in the US. And you usually don't see that money back again, even if you weren't doing anything illegal. There are enough proven stories of people driving with, say, 10k in their car to pay for something in cash, getting pulled over and have their money confiscated because police 'thought' it was drug money. They don't see their money back. |
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Sounds like a fun project to be honest, I'd personally have no use for it, but that shouldn't deter you from building it.
I'm sure that it will be of some use for certain people who care about their anonymity.
If you're able to also make it into a service for sending bulk sms you could also find some businesses that might use it.
As others have said, there's a good chance that some people will use it to spam or do other illegal things, but that's up to them, not you.
Something like this also has legitimate uses.
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Well, imagine they have a rule in theirs TOS that specify they don't allow coins coming from casinos and related websites wallet (Like Coinbase has) If you were buying Bitcoin and the seller has just sent you coins coming from such websites, you have no way to know it. I don't know about Amazon or Itunes but it may be forbidden to sell cards if you're not an authorized reseller or something like that?
But in my opinion if they want to tell you how their system flagged your account as high risk, it seems to be something related to the account behavior (log in from different IP country, or whatever...)
Any idea why some services like LBC and Coinbase are against coins coming from casinos etc? Seems pretty fucked up that they're practically policing users on what they're able to do with their Bitcoins. OP, what country are you from btw? Could be a combination of selling gift cards (possibility of fraud) + being from a country that's flagged. |
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BCC is unpopular at the moment, so it's cheap and fast, but so are other altcoins. Some of them have instant transactions and still nobody is switching from BTC for that reason.
People have been threatening to leave Bitcoin a few months back due to the high fees and slow confirmation times, but yet they are still making use of Bitcoin. It's all empty talk from these people. Bitcoin is by far the best and safest network to conduct payments, and there is no altcoin that changes anything in that regard. People, and then mainly the blind chickens, don't realize that if whatever altcoin gets to experience the same level of growth as Bitcoin, it will go through the same difficulties. Take Ethereum as an example - this coin was stated to be a cheap and fast alternative, but turns out, the fees went up significantly due to the increased usage, and the network experienced difficulties.  No one would move from BTC to BCC for the reason transaction fee is higher in BTC.If they had found this as a strong reason to move,then they would have moved much earlier to any other altcoin which provides quick transactions with very low fee.Just this month beginning,segwit has been activated.It would completely get locked in in november and from then,this high fee problem would get solved. The biggest advantage of Bitcoin over Bitcoin Cash is that Bitcoin still has way more services and infrastructure built around it, compared to Bitcoin Cash. Plus, the price of Bitcoin is still rising steadily, even with some price drops in between, it seems to hover around 4000 dollars consistently. The high fees are merely a temporary nuisance anyway. |
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I don't play online poker with Bitcoin, I stick to the mainstream poker sites if I want to play that. Usually, I play roulette or lottery over at Crypto-Games, too bad I'm at a loss overall, but I had fun  I don't really gamble on any other online casino's |
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well this guide is big thumbs up but im going to stick out on my strategy. when im playing gambling i don't deposit all my money into it. also im having a limits to my self to decrease my greediness on gambling and also i always count 1,2,3 before betting because if i think for along time im gonne panic and have my mind to fight to each other. and lastly when betting i always study the flow of the game before betting.
As long as you deposit a small amount to gamble each time when you go for gambling then surely you can minimize your losses. But some people think that they can increase their winning chances if they have a bigger bankroll so they will try to deposit big amount and then later try to control themselves while gambling but most of the time it will difficult to stop when we wanted. Finally, they will lose more than what they planned earlier. So it is always good to gamble with small bankroll amount. I started betting with bitcoin with 100 $ and converted them to more than 1000 $ in two days so the bankroll does not have to be always high How did you do that if I may ask? That's a pretty huge profit for just playing 2 days. What kind of games did you play to win that much and on which website? The most I've won was around 700 dollars. |
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I think most of the signature campaigns now are paying ICO tokens instead of bitcoins so you still have to wait for further announcement if it will be available in trading sites. And before joining signature campaigns you have to make sure your posts are of good quality so by the time you join campaigns you are already used to posting good quality posts and you just have to follow the rules set in those campaigns and your good to go.
What are the chances that you'll actually make something of all those random tokens? Seems like a really big gamble in my case for example to give up 0.036 BTC per week to take a chance with those tokens. Does anyone have some examples of how much they've made from their signature campaigns that paid out in tokens? |
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If thing like this happen, it sounds like you shouldn't gamble anymore.
I would close all your gambling accounts and focus on doing something productive to get your money back.
If it's only 50 dollars, you're lucky that it wasn't more. How hard can it be to get 50 dollars back?
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Here's where the part with Bill Gates starts if you don't want to watch the unrelated stuff: https://youtu.be/k0HmrSfJwhU?t=108I found the video to be q bit boring and taking too long to explain their point. I mean it's fine to do comparisons of Bitcoin with the internet, but in this video it was a bit too much for what should have been a simple video. |
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I don't know anyone personally who has done this, but it just makes sense that there are quite a lot of people who've started working with Bitcoin professionally.
Not just Bitcoin, cryptocurrencies in general, just look at how many blockchain companies there are or companies providing services for Bitcoin...
The job market around Bitcoin is only going to expand further in the future.
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I bought my bitcoin a few years ago now. I was and am a believer, but the massive price increase has me worried that I am now overly invested in bitcoin.
It looks like I have 75% of my money in Bitcoin. Obviously it wasn't always like that, and it with the price rising so much recently, I find myself with a fair amount of money available for the first time in my life!
I know that Bitcointalk probably isn't the best place to ask this, but would you recommend diversifying and if so, in to what?
I was very happy when the price was $1000, but now it feels like I have enough that I could buy a flat or something. It used to be a speculative thing for me, I had invested what I could afford to lose, but now the price has risen so much that it could be easy come easy go, and the price falls back down to where it was last year Diversifying for the sake of diversifying is meaningless You should know the asset which you are going to put your money in. The only asset which is and will always be there and which you don't need to know any gory details of is gold. I refer to physical gold as gold bars and gold coins. So if you can't resist the urge, gold is a sure bet. It won't give you decent profits, and, in fact, it will likely give you no profits at all (at least, short to mid term), but you will never have to feel the pain of your wealth losing value I am with you here and do own some precious metals. I have collected silver slowly over the last few years (starting at $17, so no big losses), mainly bullion, but some junk silver too. I always thought it would be great to own some gold, and I have a few ounces now, which I am happy about. I wouldn't be scared holding lots of PMs, except for possibly missing out if Bitcoin does go to $10k or even more. Another option would be to keep an eye on the price of Bitcoin and sell when the price is dropping significantly and rebuying when the price goes up again. That way you're taking advantage from those price drops. I'm don't mean that you should become a day trader, only sell & rebuy when you notice big price movements. You can also follow a few people who do chart analysis and compare their results to get a somewhat correct view of the charts. I know this is fairly risky, but as with anything: no risk, no gains. |
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