make an investment in mining, it would give a steady income. holding bitcoin is also best as of now because the rate of increase is fast. in a shorter time you can easily double the amount.
I'm not sure if you can make steady income with mining as difficulty keep increasing and you need to make a good timing with particular coins aside from btc that you will going to mined maybe much better to do some trading and learn more deeper as there's much better chances to earn more coming from trading business than mining. if he's talking about cloud mining then forget it, theres no good future in that but if its about the real mining where you will own some rigs, i think a stable income or passive one rather might be possible although it'll greatly depend on your mining hardwares, how powerful it is and how many of them if you're going to mine bitcoin i highly suggest asics. of course if the electricity rate is high in your country you might want to think again if you're gonna purse it because the odds of getting loss will be high |
|
|
|
The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.
For the next couple of days I think it will blow over and go back up, but only time will tell.
this may be the beginning of the end of cryptocurrency? because i think that other governments can take this as an example with all this repercussions...and let's be honest ... wich powerful government does not want to have full control over money? Seriously? The beginning of the end of cryptocurrency just because of a decision made by a country on ICOs? Guess you are just kidding. Wonder why people bother too much about rise and fall of all digital currencies at the same time, it is not new. Anything can cause it just like a normal forex market. The high volatility level is just the difference between the two. i think that we shouldn't just get used to fluctuations of prices but also from the exaggerated statements of some people in this community because it is a common strategy to sway people. the banning of ico's has really some effect on the prices but this shouldn't become a trigger to the fall of cryptocoins because the fork didn't even so why should this? looking from the markets now, the price has already gone back to normal |
|
|
|
can they hack into our wallet. There are many professional hackers out there. What are the chances? Also what is the safest way to safeguard ourself?
I think it can probably hack by hackers because some of them are professional in online hacking. In addition to that, if you do not want to hack your wallet you should keep your private key in safe place and you can also use 2fa to keep you wallet secure. Lastly, just put your private key in safe place. Actually they can't hack it if you're not careless and you're sure that you followed some security measures to secure it. its like caring for your wallet in real life, if you carelessly put it somewhere somebody can stole it. of course online wallets are exception because even if you secure your account its still dangerous because you don't control your private keys, the owner/s can run with your money and hackers mostly targets online wallets |
|
|
|
google tells me that bitgrail is a small exchange!
if you paid 0.0013BTC in fees then there is nothing you can do about it, you can complain to that exchange why they are taking that big a fee from you. or stop using it and use another exchange that takes a smaller fee for withdrawals. for example i heard that poloniex and bitstamp are taking 0.0001BTC fee!
really, if we use poloniex and bitstamp very small transaction costs, we better use poloniex and bitstamp so that we do not always harmed at the time of transaction. my friends have also used poloniex and bitstamp the result is very satisfactory, they take 0.0001 BTC when transact. The reason why poloniex only charges a small amount per withdrawal is because they're doing batch transactions because that miner fee is for a fast individual transaction. maybe this small exchange doesn't have that much withdrawals so if they do batch transaction, the waiting time to sign them might take longer than expected as they will wait until a certain number of withdrawals is meet. on the othe hand, big exchanges like poloniex is used by a huge number of people so withdrawals are piling faster so theres really no problem. in my opinion they should still do batch transactions and just lower the number of withdrawals in a certain transaction |
|
|
|
Social media is the best way to popularise cryptos at individual level. Through social medias we can propagate the idea of Bitcoin among our family and friends and can properly explain them. Through them the idea will go further. Bitcoin and cryptos need to be advertised.
What is the point of advertising Bitcoin in social media or anywhere at all, if they will still not get the whole concept of Bitcoin? Suppose we made a 15 second advertisement video in social media how can we suppose fit and try to explain what Bitcoin is on that short advertisement? Yes Bitcoin can be explained when given with a long time but do you think your viewers will still be watching by then, people tend to get bored or start to be destructed around 20-30 seconds of not understanding what the advertisement is, so I guess the best thing to do is let Bitcoin itself create its own demand as it is doing good about its progress. As you have said bitcoin is difficult to understand particularly on some people so isn't obvious that the aim for that short advertisement isn't to explain the whole concept of bitcoin but just to spread awareness? and maybe some people might be interested to search for it. we all know that before we get interested into something, there has to be a trigger, for example before n person developed a hobby for soccer, he must know and tried it first right? i think that the whole point of ops advertising on social media, for it to become a starting point to some people |
|
|
|
|
i think unlike fast foods, bitcoin might be suited in hotels since guests usually stays longer. so even waiting for a few hours for your
transaction to get at least 1 confirmation might not be a problem although just to be sure guest/s should provide government issued
ID's and claim them when confirmation/s comes. the problem is the said hotels should promote awareness that they're accepting
bitcoin otherwise no one will know unless someone search them
|
|
|
|
Hello users, I was wondering if anyone has some trusted and useful sites for buying general goods with bitcoin. Items like clothing, shoes, tech, etc.
Maybe there are few store or sites that offer BTC as a payment. But beware of choosing those sites . Nowadays there are lots of scammers. Just try searching on BTC merchant. yah don't forget to search for a review or ask a second opinion about the site. anyways you can try buying on newegg: https://promotions.newegg.com/nepro/16-6277/index.htmloverstock: https://www.overstock.com/bitcoinor use this alternatives-- you'll not be paying bitcoin directly instead you will use some third party services egifter: https://www.egifter.com/bitcoin/ (gift cards) purse.io: https://purse.io/ (buy from amazon) shopawl: https://shopawl.com/ (aliexpress and banggood.com) |
|
|
|
See mate no cloud mining site s real and they usually categorised under the name ponzi schemes. The services which look promising with high returns on your investment, with high risk and are mostly scammers.
On top of that you are asking for sites with free mining. This is completely absurd question and the answer is no there is not any free thing as long as these type of sites start shoeing real proofs and guess what there are none.
there are a few paying cloud mining sites there e.g. hashnest, hasflare so they're technically legit but we don't know how long will they be paying, thats the problem they can always run away with their investors money. in fact my two examples there are currently experiencing some issues--read some of theirs discussion board here to know their users review. so yeah better stay away from it, its not a real mining anyway damn straight. nothings free in this field lol i just some guy claiming that there is a free cloud mining site on the first page |
|
|
|
I use a simple excel sheet  This is a very smart approach though. But you can use some other means to keep track of these things. This is something which depends entirely on what sort of business you have. If you have a small business, then you can manage it possibly but for a large business it might not be possible. What business are you talking about anyway? He's using an excel sheet to keep track of his wins and losses in trading so how is business related to that? do you own an exchange or what? lol. back to the question, i don't use any recording medium to keep track but instead i just use my trades history on my account although its good to make sure the exhange isn't cheating or something. but on the other hand i have some sketches of my strategies and yeah i usually spend a few hours on it. |
|
|
|
When it comes to trading. Your experience is your trading university. Thorough analysis of your short and long position will guide you in your subsequent trading.
I also do believe that in terms of having the key to learn Bitcoin trading we should always take our part to do our task to try Bitcoin trading and do decision that would probably help us develop ourselves in becoming a trader. It is true that the best teacher us experience that could teach us to deal with future decisions and investments for you to earn more and to have a bug profit in the future. trading is not necessary though, no one is forcing anyone here but if you want to learn you can always will. and yes i agree that experience is the best teacher because the best way to fully understand something is by doing it when you're in that given situation, not by reading, seeing nor memorizing. But some things on trading are not necessary to experience like putting a lot of money when you trade for the first time. this kind of tips can be found usually on the internet or this forum |
|
|
|
Does anybody know why bitcoin price is falling recently? It went down from $4900 to 4100 already!
How low will it go?
When do you expect bounce back?
That is due to the recent news of China's ban on ICO I believe. A news broke out stating that China has banned ICO as it is illegal way to raise funds. That is the reason, we are seeing rapid decrease in crypto currency market and not only on bitcoin. You can check the news from below link: https://www.reuters.com/article/us-china-finance-digital/china-hits-booming-cryptocurrency-market-with-coin-fundraising-ban-idUSKCN1BF0R7However, I totally support the ban on ICO as it was becoming the next HYIP industry. The investments were also getting divided. I hope a lot of investment will now flow in to bitcoin post ICO ban in China. the banning of ico's in China is maybe one of the factors but i really do think that the price correction will be happening soon or its happening now because its just china vs. the whole world-- i mean its really popular now to the point that investors are very diversified. and yes ico's are becoming a new way to scam people but i really do think that we shouldn't ban them everywhere. instead a strict regulation will do like what US SEC did, you can search for it |
|
|
|
i would love it to have future, but there are some problems with this.. BTC has a great role of a pioneer of digital currencies. Will it survive a competition though?
1. it is very difficult to evolve. It has to go through hardforks which is a pain
2. it is based on an early version of blockchain which lacks features of new ones
3. BTC volatility is a problem for business use. Ever tried to indicate price in BTC? you'll wake up tomorrow and see that you are now collecting 1/2 of revenue per unit (in your stable fiat currency) while your costs are still where they used to be.
4. permanent growth that is built into a model cold actually be a problem. For now it looks like potential profit from growth is not compensated by higher risk. That presents an arbitrage opportunity, that has to be wiped out in an open market. We'll see how this will work out.
everything and everyone has a future but its either dark or not 1. look back in our history, most successful evolutions/changes didn't occur easily and the result on august first isn't bad though 2. new ones? what do you mean? 3. thats the negative side which rarely happens now since bitcoins price constantly increases unless you panic sell. volatility has its positive side like it allows us to have bitcoin as an investment. and to be honest you're actually happy when the price increases right? 4. why should it be wiped out when it gives an opportunity? stop looking for opportunities with no risks because risks are always there |
|
|
|
Three brief questions:
a.) Do you merely follow your own ideas?
b.) Do you follow some pundits?
c.) Who are these pundits?
--------------------------
I do trust my own knowledge in linkage with the information posted / written / said by reliable persons such as Fred Ehrsam, Linda Xie, Naval Ravikant, Gav Would, Joseph Poon...
All the best
B.D.
a. Most of the time yes but not necessarilly especially if you're just a beginner, you'll mostly do basic strategies that most people do and that is not yours of course. b. Sometimes but not all info that i get. i mostly follow guides not signals. the trick is extracting the essential part on someones guides and combining them c. those people are anonymous and you can easily find them on forums like this. their identity is not that necessary in my opinion, its the content they'd produce |
|
|
|
|
Most altcoins today are in red mode--dump mode so i didn't sell anything although i have three altcoins i invested in and plans to harvest them in a
few months or if a major pump happens. today i just bought a few coins and might bought a few more if it continues to dump since its one of my
strategies to only bought as much as possible during dump and only sell during pump. so yeah no profits nor lost today, for now lol
|
|
|
|
|
I believe on coins i invested in so normally, i just wait for my target price to meet and avoid panic selling even if you have to wait for a few months.
although waiting for a few months might be a little stressfull for some people, i guess you just have to control your emotions and establish a good
risk management every trades you make. it'll be hard at first but once you get the gist of it, the longer you're there, the easier it gets compared
to when you started.
|
|
|
|
I think it is still bit a high side, but I'm willing to take the risk for just one coin.
Reasons why I think $475 is justified:
1) Once all countries ban ICOs, the alt-coin space will be gone, including Ethereum. The physical Ether that filled the space during 18th century was ofcourse always imaginary.
2) Any bitcoin holdings might be considered illegal in a couple of years, due to money laundering and funding of criminal activities.
3) Too much regulation might be imposed that removes all anonymity and privacy making the coins unsuitable for any legal business transactions. All wallets and addresses might need to be registered with the authorities.
4) Crypto coins will be pretty much limited to what they are meant for - just tokens to facilitate faster fiat transactions, but not to have any monetary value for tokens themselves. Ripple and some other coins are heading this way already.
Considering the above, I'm not sure if should really spend $475 for this virtual coin, but do have that much money to gamble. So let's have some fun!
1. well even if all country banned ico's, i doubt that it'll affect bitcoins price and in the first place why would they do that? 2. How can you be so sure that it'll be banned. bitcoin is just a medium so it shouldn't be blamed for the wrong doings of people. well money laundering and other malicious activities can be done now with bitcoin but most countries doesn't do anything. 3.in the first place how can they control it? did you even researched about bitcoin? 4.money's are meant to be spent as long as people are spending them, it'll already served its purpose its much better to buy now and sell it even after a few months than waiting for it to hit $475, its easy to speculate what will happen in a few months than a few years |
|
|
|
Of course, it is. Bitcoin can improve the economy of one country. We know that bitcoin's value is so high, and simply, if you have a high currency on your country, you may buy anything what the country need. Just simple as that. It can also improve the economy by having an individual a chance to earn bitcoin and resulting on GNP. To increase the country's economy.
Bitcoin is such as an economy driver, so many bitcoin-realated companies were created, bitcoin also offer lower transactions fee and barrier for export sector. So bitcoin has been give positive impact for economy of the country. lower transaction fee? can you feel the high fee on every transaction in bitcoin. you need at least 0.0003 btc to be able to trade in bitcoin or equivalent to $ 1.5 for each transaction, I think the fee is too expensive. even in some exchanges like bittrex and c-cex using a fee of more than 0.001 btc or about $ 4.5 for a single transaction, I think when people use transactions with bitcoin it will only make them poor because of the high fee lol yah the transaction fees are really high right now because the value of bitcoin itself is high. before the pump, i'm always paying $1 worth of miner fee but now it increased to $2 which is a let down since i frequently do bitcoin transaction. whats more if you are doing a business, i'm sure the customers especially the regular ones will complain. i don't know why bitcoin appears perfect to others when it still have its negative parts. it'll be nice if the amount of bitcoins in miner fees decreases as the value of bitcoin increases. i think this should be fixed first if we want more merchants on bitcoin |
|
|
|
Do investing in ico and you can earn more money because it is like an easy betting game which you have a higher chance to get it right because you have a cheat which is to read all the information that you have and you can have an idea for possible result of their project after the ico so you can just make a bet on their project.
i think you're mistaking something here. investing in icos is not an easy betting, just how many people have been scammed on ico's? it is a very risky kind of investment so you don't have a higher chance of succeding, just a 50-50 chance. informations about them are very useful if you're gonna find out if the given project is legit or not but sometimes the information is not enough in the end the fate of the project depends on the devs e.g. devs running away after reaching their quota |
|
|
|
Every country is different and every laws or decisions must be popular to there citizens for they will be criticized about it. In our country I'm one hundred percent sure that it will not be banned but it will just be regulated. We're opened for new technologies and we are very adaptive country from what is trend every year. Bitcoin is a big helped for us and I don't see reason for it not to be legalized in the near future.
well even if bitcoin got banned in your country for whatever reason even though i don't know how they'll do it lol, you can still use it through vpn moreover the possibility of you getting caught is low. now if you're worrying about it being banned on every country, thats plainly impossible. if they want to ban it, they have to ban the internet first. but realistically speaking, bitcoin has some things they should be wary about but i don't think they'll go that far |
|
|
|
I think its true actually for the people who can't find a job yet can earn money with bitcoin.there are many ways that can let you earn from the bitcoin since the world's top digital currency became more popular. bitcoin will surely reduces the number of unemployed .
Yes bitcoin can be an option for those people who are still trying to find a job but I don't think its a good idea to stick into earning bitcoin alone real job is more stable and secure but if someone think that the bitcoin he/she earns is enough then we can't do anything about it. Real job is more stable than bitcoin. That is true. Jobs relate to bitcoin is only temporary. I can not see someone that works with bitcoin more than 2 years. There are many services you can do but they last for only a month, some even less. Bitcoin is only suitable for investors and anyone wants to earn extra income wow in my opinion, its seems like you've only seen jobs like signature campaign or something that is temporary. i'm not saying that we should all quit our jobs and focus on here instead but i just you to know that there are also stable jobs in bitcoin as long as it lives although most of them requires technical skills like if you're gonna work on an online wallet company or an exchange. like what i'm saying before it depends on what you can do, bitcoin is not limited to investors and extra incomes |
|
|
|
|
Show Posts
