It can be very confusing for new people with all the different iterations of bitcoin staring at them when they just want to buy "bitcoin" Myself when I first got in there was only bitcoin so when I came to the forum and googled there was no element of confusion with gold,cash,core etc.
Guides like this are very helpful for people.
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Also because it is quite easy to create a token and put up a fancy website with a copied whitepaper and a roadmap it can be too easy to fool people into investing in an ICO, and with nothing tangible it does leave the whole ICO process open to massive scam attempts.
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I've been just studying Bitcoin graph from 2013 till today and it seems like a good rule that once the btc price skyrockets, it always falls 50% back before it grows another 100% and more. I expect this trend to repeat in following months when the recovery should start reaching $25k for 1 btc by the end of the year.
Your thoughts on that?
I think we are in a very different landscape in 2018 then we were in 2013, bitcoin could reach $25k by the end of the year if not before but it could also drop down to $3k just as easily, the next couple of quarters will determine which way it goes.
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What coin do you think will jump into the top 50 this year and go x1000 in your opinion, and what price do you believe the coin will be? Thank you guys ! Nobody can say for sure what coin can give you take increase but it would need to be some of the cheaper coins for example DIME is sitting at 1 sat and has just recently been revamped potentially x1000 is possible, some of the other older coins seem to be coming back with new teams and development, TIPS, POP for example.
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Can I do 2 factor authentification on the Cryptopia or just a PIN code?
By default the pin is turned on but you can turn it off and replace it with 2FA, this option is within the setting on Cryptopia, regarding alternatives to Etherdelta, Kucoin carries a lot of tokens and might be a suitable replacement.
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most of cryptocurrency are red for now and down in USD terms,, especially bitcoin at this moment bitcoin price down below 10K USD depends on coinmarketcap data
is this the best time to buy more bitcoin ?
Probably yes, especially the altcoins you have had your eye on as everything has been in decline recently, I haven't seen it this bad for a while, well at least my coins anyway, my entire portfolio has dropped half in the last 2 months.
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It could go down even further, it is a guessing game but if you bought when it was at it's peak it must be a killer having to sell at this kind of loss.
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I'm afraid that facebook can do whatever the hell it wants, this will impact a lot of projects looking for the extra visibility on one of the largest social media sites.
True that there will be scams but this is the same for many industries that advertise on the internet, facebook will lose money but with the amount they make I can't see anyone losing sleep over it.
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On the subject of myetherwallet, using your private key to gain entry to your wallet really isn't the safest thing to be doing as each time you do use it you are exposing your key to the world. Depends on how much you can afford but using a ledger or trezor to access my etherwallet is the safest way to use the site.
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We will need to see how it works out in a few months to truly see if it is improving or making things worse, it is a welcome addition to the site as I was wondering a while ago what more could be done especially when you reach the top ranks there isn't anywhere else to rank up to, this obviously still remains the same but it is nice to have Merits which can change.
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That's pretty good, I wonder what the rate of uptake will be in a few months, if it takes off it will encourage many other countries to at least look into the same thing.
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It will continue to grow especially as more and more ICOs lean towards using the Ethereum for their projects, Ethereum is still very new technology and we saw how long it took for blockchain to become noticed in the mainstream, thankfully I think for Ethereum it will come quicker as presently there is a lot of focus on bitcoin and the cryptop world.
A x 3 of what it is now is possible, I would even say a x 10 isn't completely out of the question.
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This is not a bad service, there used to be a takeaway site called takeaway.com that used to accept bitcoin as a payment method, I used them just the once when I first got involved in bitcoin, it was quite an experience ordering takeaway with bitcoin, but now with the current price I think it was probably the most expensive takeaway I will ever buy.
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I think IOTA will do very well once it is ironed out and running smoothly , I saw recently that there is a project I think an ICO going to use the tangle network.
It is trying something different from a blockchain so it will take a bit of time to see if it works out.
If it does well it will be big but bitcoin is it's own beast.
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It would bring down other coins because they are traded against each other, unless you trade in fiat / altcoin pairings if bitcoin goes down it will affect the value of the other coins traded against it.
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Will have to have a look and check this out, built using Tangle could be interesting, glad I stumbled upon this thread sometimes these random threads can be quite useful.
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I think it is one of the winners and definitely worth holding some, it will not see $2 again and with the upcoming listing on Binance the exposure alone will surely bring the price up in the short term, long term it will do very well.
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Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
It is not 100% safe, there have been many exchanges that have lost funds and have had to shutdown and not all the users got ther money back, if you trade often then you need to keep your coins in the exchange in order to trade, as you have said you are not looking to trade so the best thing you can do for these 3 coins especially you will be able to find a secure local wallet and then keep your coins in your wallet until the time comes that you want to sell and need to send to an exchange. The coins you keep on an exchange should be protected by switching on 2FA to give the extra layer to possible hacks.
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Good idea to split out to multiple coins.
1. BIS 2. NEBL 3. SKY 4. PASC 5. BLOCK
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I am planning to buy 1 BTC. Do I need to wait few more days for a price fall?
I think now would be an ideal time to buy bitcoin as I don't think we will see a dip like this again for a while.
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