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Why those useless forkcoins? Because people want to make some money buying and selling their bitcoins, but that's a lame waste of time. If you can get paid in it that's so much better.
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Of course these guys are going to refuse to answer about buying Bitcoin because they probably already are looking into it as they are starting to learn it has real long term potential.
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The best source of news is hard to find in the Bitcoin space. There are many great outlets if you have been following the right crowds and people from the Bitcoin community.
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Bitcoin is the most popular cryptocurrency because it has an immutable public ledger and a scarce limited amount. It also has by far the best developers working on it at all times.
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State-backed cryptos will mean nothing. They'll mean nothing unless they are buying bitcoins to stash reserves but the price doesn't reflect that. They'll try and issue their own digital currencies I bet.
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Satoshi Nakamoto kept his identity a secret because he wanted to stay anonymous and look how much good that has done compared to coins with devs that aren't anonymous.
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Bitcoin has many features but its quintessential function is a ledger, a way to keep track of debt. Yes there are functions of money like store of value, medium of exchange and unit of account, but BTC is a universally immutable public ledger.
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If China does this then that will make them look extremely weak. I mean it's the right thing to do but you must wait. Too soon and people will think the Chinese are emotional, too long and people will think the Chinese are stupid.
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I think a great example for an exchange is BTC-e. I mean even after getting shut down they came back and are still going. Props to them.
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I am actually getting a grip on some of the terms used here. So far here are the terms I am familiar with:
1. Volatile - swinging of prices in extreme ends or prices suddenly change?
2. Fiat - usually refers to paper money
3. Altcoins - coins aside from bitcoin
Can you share some of the terms you know? It would be a very big help to widen each others bitcoin vocabulary.
Thank you very much!
Exchange - somewhere to trade cryptocurrencies Wallet - where you hold and send/request Bitcoin Fork - when a copy of the blockchain is made and changes are also made to the code to create a new (and often improved) coin |
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Bitcoin is a digital currency, and an asset generally speaking. You would need to claim it on your taxes as an asset, that is for sure. And some countries have not recognized it as a currency, but it really is.
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Unfortunately, people think stealing from others is a legitimate way to accumulate wealth. Couldn't be farther from the truth.  |
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There is no way to guarantee that your wallet is ever 100% secure. All you can do is use the utmost diligence possible to avoid getting hacked.
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This is amazing news. I think companies/corporations that accept large payments like tuition, or card dealerships should accept Bitcoin.
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Damn man that's terrible but yes you should definitely try again as it's never too late especially in this space. You just have to believe and you will connect to a method that suits you. But it won't be mining. Those days are over.
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That's great that you did that but you might regret that in the not too distant future when you see BTC start reaching it's full potential in price which will be inordinate amounts higher than what it currently is now.
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Bitcoin maybe not be number one for long is funny. There is nothing even comparable to it. Yes it's not perfect, but it's getting there in the manner that it should.
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There is no way to become a Bitcoin expert! Not even the most experienced Bitcoin Core developers can call themselves an expert because they do not know everything from every point of view. There are different aspects when it comes to money that you have to understand.
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This is a good thing that Jamie Dimon is calling Bitcoin fraud as it will only force more people to look into it after the price crashes a bit but then returns to normal and realize that he actually bought Bitcoin when it crashed.
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A good reason to own some BTC has to be because of the fact that it is sound money. Since we've never had actual sound money before, now is a perfect time to start investing in it as it appreciates in value over the years.
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