I just wonder how it became possible for him to foresee the future. I read somewhere in 2009 and in 2010 the miners put bitcoins for sale in ebay but no one was ready to grab them. When trend was like that, if someone decided to grab 20k bitcoins in 2010 must be a genius who got capabilities to foresee what is going to happen.
I mean to say he must deserved the wealth he could get from his bitcoins. Buying some bitcoins in 2010 is not a big deal but holding them till date must be differentiating such people from rest.
Well, I think he just trusted it and see what will happen to it. Maybe he did a research about cryptocurrencies that time and was convinced that it will give positive results in the future. Another thing is that he is a Software engineer in the silicon valley! I'm sure he has a good wage salary over there and the price of bitcoin that time is so low it will make you feel like if you bought it, you will have nothing to lose, so it is a good investment from way back. After reading the actual article. i suppose this is the right one https://www.forbes.com/sites/bishopjordan/2017/07/07/bitcoin-millionaire/#5dd294086261 since op said forbes He heard it from his geeky friends and got intrigued when the price increases tenfold since then he watched the market to see it first before investing which is a wise move . youre right about he being paid well but why did he forgot his investment lol. he remembered it when bitcoin was getting popular back in 2013. that time hes ready to sell. what a coincidence really. but i must agree that if this article is not another tool to sway people, the mas himself has the eyes not just because he chose bitcoin but already think that time that the game was for long term basis. |
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Of course indeed bitcoin will not be number one bacause other coins exist that exceed the bitcoin price
There could be thousands of coins out there in the virtual market but i do not see any promising coins that could overtake the place of bitcoin,if you think there are other promising coins which could over take bitcoin in terms of decentralization and without any pre mine,then i could say that there will be other coins ,most of the recent coin offers are token and it is entirely different than a currency. I think there are no promising altcoins that you described, but I think there will be some that will try and challenged bitcoin in the long run. But I do think that bitcoin will remain as the top currency no matter what negative they throw at it. And once the high transaction fees can be resolved, then I think investors will go back to bitcoin ecosystem again. Yeah I also believe that bitcoins will still be famous because bitcoin prove itself for a long time and until now it is still number one. Even if bitcoin will not be number 1 for long bitcoin will still famous no matter what because a lot of people are believing in bitcoin. the fact that bitcoin reigned from the beginning until now doesn't guarantee that its invincible. there might be no noticeable competition between it and other altcoins but who knows in the future. if you're watching the market, altcoins particularly the ones on the top are significantly growing. others have predicted that we might see a significant competition between them in the future. as for bitcoin, a big change might occur in a few weeks so lets see if it will positively or negatively affect the system as well as its community. |
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There is no such way to instantly get rich. Earning some extra income requires a lot skills, research, techniques. If you invest some of your money to purchase some good hardwares, you can earn a good amount of income orelse get some knowlege about trading and make some research on altcoins to make profits. You can also hold bitcoins for long term investment and can have a good profit
There are ways to get rich instantly. 1. If you are one of those people that is unaware with bitcoin and you bought hundreds of bitcoins when the price was still $0.1 - $100 and you just did nothing and stored it but you are able to recover it today. 2. Winning the lottery jackpot. Waiting years for bitcoin to gain this price increase denies the word instant as it means immediately or right away. at the time when bitcoin was at its early days--price at $0.1 - $100 believing is not that easy, thats why a there are only a few number of people who have risked. another difficult problem will has also arise which is keeping them fro a long time in other words keeping your faith. however we can still say that right now bitcoin is still in its early stage and buying bitcoin with an intent to keep it for a long time is still a good choice yah there are ways to get rich instantly but your chances are one in a million. much better to work hard instead of searching for such way. |
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its $1.20 per 10GH/s if you're gonna buy only one it'll take a few months or a year to get back your roi which is $1.20. you'll need a much higher capital if you want decent profit.
just be cautious on any cloud mining sites because they can be a scam anytime. imo cloud mining is not true mining, the true one is when you setup your own rig because thats
where you can really earn decent or even lots of profits but if you cant fund it better try trading.
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I haven't used skype for 5 or 6 years so i don't know what changes it does but i suggest that you should use two different accounts; one for personal use and; one for business.
but yah don't use video calls on anyone that asked you to. do a background check if you can. if not decline because your safety is the top priority.
this is optinal but you can ask your employer if he has telegram as it is much easy to use than skype imho.
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Gambling site ofcourse unless you have an extra service in your dating site you know pervert can spend money to satisfy their needs but if not gambling makes also people addicted in which they usually spend more than they can afford to
What kind of extra service, i hope its not illegal. there are many illegal situations that arises on dating sites but not all cases are reported to on the authorities. i also agree that gambling sites are better than dating sites when it comes to business. i mean dating sites are kinda risky particularly when prohibited situations occur, not just the users involved with it but also the owner might be told by the authorities that he's responsible. illegal situations is certainly inevitable on dating sites. unlike on gambling sites where just cheating mostly occurs. in that case the owner will have not be held responsible. |
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Have you tried going to places and get hungry but you have no cash available with only bitcoins in your smartphone. Here are the list of bitcoin accepting restaurants that will feed your stomach with delicious cooking in exchange for bitcoins. This is a sign that bitcoin is truly amazing that even restaurants and pizza stores have seen its value and started to include in its payment options. Check the list on this link: http://bitcoinrestaurants.net/Yeah that's cool to use Bitcoin for a delicious dinner when you don't have any cash in your wallet. Now on, I don't need to worry about running out of money when going for dinner. lol I think this restaurant will change their dishes price hourly because of the bitcoin price changing, so I think the price of bitcoin is the biggest problem that why it's really hard to find a restaurant that accept bitcoin as payment. Theres no need for them to change the price everytime. they should just use their local currency for pricing and use a real time converter when someone wants to pay in bitcoin. it makes literally no sense if you use the unit btc for pricing because not all people are familair to it. volatility surely is one of the reasons why they don't but i think the confirmation time and high transaction fees are the main reasons particularly on fast foods where typically foods are affordable at the same time people quickly eats. |
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I havent been able to make such result since my balance is lower then those, but im sure the most people are able to make this income with trading or their peronal project, being gambling or some place to buy and sell things or ervices. I dont sugest gambling because you can loose all before you win something at it, forex has a high risk way as well, ICO of some altcoins are coming with a lot potencial soo might be an easy way to make money.
well yah if you have a huge capital you can earn this amount on altcoin trading however it has its risks too. entering in altcoin trading doesn't guarantee you profits. but sadly most people do not have huge capitals. thats why save your earnings and go trade if you happen to reach a decent capital. ICO's are not an easy way to make money, they are actually very risky but if you happen to find a successful ico, without a doubt you'll gain decent profits although most of them now are scams;; |
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I think it is not as simple as you may think it is. I used to write blog and website contents to market some products.
You will have to open several sites, social media accounts will help, blogging sites as well, several of these and link all of these together. Some would create other accounts to click links and even do the commenting and liking and sharing. This is how complicated it would be. Referrals, real ones, are of great importance also. It would be great if your product will be advertised on some sites that come out 1st page in browsers.
Anyway, this might need some long articles to explicate. You may google them. There's a lot for sure that will be able to help you.
What do you mean by open? to create them? if thats the case then yah advertising on social media is another type of internet marketing. doing the sharing, commenting and liking by themselves is nice but don't forget that what you should be bringing is real traffic, avoid fake followers/likers as much as possible. if you want your blog or site to be on the first page or closer to that you will need to have a lot of knowledge on SEO. |
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yes is u predictable job I'm also lossing money in trading because I'm buy coins in the pumping momentum . I suggest the good time to buy coins is in lower price
Yes, but becareful with the price of coins is in lower price because it can be more more lower price, so actually we must know about the trend of price, the good time to buy altcoins is when started sideaway (stable) or wait until there are sign on your indicators to buy the coins and it needs skill of analisys technical for makes prediction the price. Just make it very simple, if you have bought a coin and the price continue to go down all you need is to have patience and wait for it until it rises again. It's not hard to understand how to make money in trading but not only that you are smart mentality but you also have to be strong emotionally. Since many alt fail, that strategy will lost you a lot of money ! I'd say the opposite strategy is required, define a stop loss limit and keep to it. I doubt that you really trade altcoin because if you, you will not chase the market when it's going up. Altcoins don't just die everyday. Maybe coins that aren't known at all. But major coins like ETH, and LTC will surely go back up when the price went down. Ups and downs in prices are very natural to trading.. In a matter of fact, if there are no ups and down, there is no way for a day trade to do the trading. That is why we should always embrace the ups and downs as part of our trade because without them, we won't have short term eaning profits. Perhaps, it will be like that. Trading is sometimes fun despite the product that you are introducing. On the contrary, there are weaknesses on trading especially when it comes to value of bitcoin that has falling point. Lucky enough also if it increases soon. In addition, there is no constant value of everything for whatever circumstance, even in all businesses there is rising and falling of its value. Therefore, trading is unpredictable job. the falling point of bitcoins price is not necessarily a weakness. i believe it is subjective on the eye of the beholder as it can also be a strength e.g. you can buy bitcoin at a lower price. if there is a weakness in trading then its on the traders or the trading platforms. i think the idea of trading is already great enough. trading is unpredictable thats why traders are basing their predictions to facts, patterns, news or whatever information to get close to accurate. i'm sure not all of them guesses wrong as it already happened to me. |
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In investing, it's either earn or lose so you should be ready. Honestly, I invested in an alt coin before, the price goes down and up, so I did think of it as a normal scenario. One time the price went down again and I thought it would go up back but unfortunately, it didn't due to the broken block chain. Of course I felt sad and sorry at first, but I accept the fact that it was gone. I just go with the flow and focus on other investment.
Dealing with loss comes in form for every individual. Some can cope easily while some are having a hard time and takes time for them to heal and forget about what they have loss. But the best-est thing to do in dealing with loss is to accept it whole-heartedly because it's never your fault and it's normal if you're involve in somehow business things. What is form ? Do you mean experiences ? Getting frustrations for booking losses might lead to downgrade our performances in trading. We must move on from any losing moments so that we will be able to get ready to recover those looses. Other than these, we must work hard to find out what went wrong to make those losses. When we find out the reasons then we will not repeat same mistakes. i think he meant "dealing with loss comes in different forms for every individual", forgot to add another word before form lol. like what you have said, learning from our mistakes is a good way to prevent the same thing happening again. isn't that why booking losses is helpful. if you're focused and determined on your goal--which is to find what gone wrong, frustration is out of the question. however if it persists you can no longer find out that particular mistake as it requires you to go back on what happen and everytime you go back you will feel that feeling all over again. i belive that is some psychological problem hmmm. |
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in the past yes but i'm not doing that anymore as I am extremely picky on the coins that i buy, luckily the same also applies to poloniex. so far i'm satisfied with the price and
the fees. what i don't like is they are extremely cautious on users that has a large amount of money there. its okay to use different trading platforms because technically its
possibly profitable that only thing that hinders you from that is the confirmation time and transaction fees at the same time. you know that bitcoin is very volatile right so its
possible that your ideal price in a certain platform may not be the same when your deposit there shows up. on the other hand if you want your deposit to quickly show up you
have to pay higher fee.
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A quote that has been said over and over again in this forum "if theres a pump there's a dump". don't panic this is normal. what you have to do right now is to wait. never sell your coins lower than their bought price because thats where you lose particularly if a coin has been rising too quick, there will be a correction which is a decrease of its price.
your mistake here is when joining a pump you should have gotten out quickly. this is what they call short trade. there are many tips, strategies and guidelines in the internet, search and read it buddy,
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Honestly: I panic quite a lot. Especially when I use a lot of my money or when im using someone else's money. The best way to counter this is to set limits to profits made and then cash out instantly. Maybe cash out every 10% of the profits. Another way to not panic is only start trading only when you are mentally prepared to loose money. I sometimes regret my panicky decison, but sometimes it can pay off. Its really a gamble.
The way I panic is I watch the prices drop, keep on watching them drop and I get real scared. Then I quickly sell all my funds only to soon realise that I have made a big mistake. However, I still make a small area of profit- so I guess its "better safe than sorry". Panic mode especially works very well for pump and dump coins as it gives the user an early sign to sell before they really do loose all their money.
I think that's normal to people who panic when something bad goes to their investment but we will reduce that uncomfortable feeling of uncertainty if in the first place we use money that we can afford to lose. Yes, that is the only important thing to do. Its really hard not to panic if we see our investments going down. Specially if you are using someone's else money. We don't want to see those situations really and its hard to control our emotions and we immediately sell and have our losses. I also sometimes panic and sell off to realized later that I made a mistake. That's why I try to control my self to sell by always thinking that the price could soon recovered and I should not sell immediately. Yes, its really hard but in my case i sold coins lower than their bought price when i needed the money so my personal issues is typically the one who makes me lose not panic selling. yah i worry when my coins are down but if you really believe in your coins dont ever sell them lower than their bought price. why would you sell them lower when you can sell them higher if you just wait. thats the more reason why you have to choose carefully what coin you will be buying because everything depends on that. |
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Dimcoin ICO white paper claim the Dimcoin token will be trade able on Poloniex and Bitfinex. Can you confirm if this true? Both Poloniex and Bitfinex support can not confirm to support trading of Dimcoin. Who is the founders and CEO of the Dimcoin? Why white paper did not show CEO and founders, only shown second lever leaders?
Yes it is stated on the whitepaper but correct me if I'm wrong i have only see it on Dim Ecosystem Goals, by the word goal you will know that it is not sure yet as it is just their aim or desired result for the project. so its no wonder that both exchanges cannot confirm it. they have the right to not show their face but it'll be a plus points for investors if they do. |
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I think almost everyone looking for a loan is a scammer. There is almost no reason to want a loan, especially for a week. They are just gambling with it for the most part. If they can repay a loan in a week they didn't need that loan to begin with. If it is for a month I can kinda understand that because maybe you have bills to pay now or something I dunno.
The thing I never understand is how someone can put into escrow altcoins and ask for a loan of BTC. Sell the altcoins and do what you need to do, why take out a loan of BTC and put up the same worth of altcoins as collateral, makes no sense.
you're right, most of them are scammers-- come see what people are posting on the lending section thats why most people who give out loan there knows who to entertain and who to decline. we have long term loans here but it typically involves larger amount of bitcoin and most loaners stick to short term which has a maximum of 30 days mostly because that way they'll have more profit-- look at their interest rate. i think its because they believe in that certain altcoin-- i mean if you just sell it, you can't get it back so if that altcoin boost up you'll regret it particularly if you have bought it on a much lower price. on the other hand if you just make it as a collateral you can get it back. well you should only loan if you're sure you will be receiving money before the due date. |
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I'd take advice from a financial specialist that knows about bitcoins before trying to sell or buy..
Bitcoin is unlike any other asset seen before. It's so volatile, goes up and down randomly, and is so easily affected by political and social factors that it's hard to predict, even for a "specialist". Bitcoin especially now is so unpredictable, the time it will take you to contact and ask a specialist for their opinion/research, it may be too late. The price may have already spiked or plummeted. At the same time this makes it attractive because even experts on the field of finances cannot predict what it is going to happen so the average person can in fact compete with people like this and even beat them at their own game when it comes to bitcoin. Investment as a whole can be considered a pretty risky business. It is true that even experts in the field of finance cannot predict some outcomes but in respect of other assets bitcoin is rather stable and is increasing steadily and it has been this way since a long time. It was only a few cents when it started 8 years ago and right now its value is around twenty six hundred dollars. Considering these factors it can be said that bitcoin is a safe option to invest as well as trade in. You can certainly beat those people, what you can't beat is the rich people who spends thousands of bucks for bitcoin lol. Bitcoin is not increasing steadily, it has its ups and downs too particularly on its early years where the price keeps going back and forth. but because we have a huge improvement these past few years. most people are 100% sure that it will continue to increase even though its past involvements doesn't guarantee anything. there is no 100% in this world so it wouldn't hurt to sell your bitcoins from time to time. have a little gift for your hardwork. if ever bitcoin goes down--well I hope not, your hardwork will not be futile as you have bought things with it  |
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Bitcoin can not make everyone rich, because he is not a fantastic tool. It can only help those who are willing to take risks and who have the Internet. In general, no currency is capable of destroying poverty.
Not everyone will use bitcoin, not everyone can use the internet, there are millions of poor people in every country and many of them poor because lazy to work hard and dare not take risks to change. So even though bitcoin comes in, bitcoin will not change the world economy too much that is right, i am agree. but if internet connection is available in every where, i think many people will know about bitcoin and will use bitcoin. i believe about this and i hope we can see this soon. but i am sure bitcoin will gives many benefits with many peoples too and they will invest their money with bitcoin too. uhh you agree on what the above person said but you also believe that bitcoin can end poverty as long as the internet connection is available for everyone? i'm afraid its not as easy as you think. bitcoin has helped the relatively poor people but the numbers are just not noticeable. however when it comes to the absolute poors who are living less than $2.50 per day, even if bitcoin is around as well as the internet, it will be impossible for most cases because they can't afford to access a compatible device, most of them are illiterate or can only speak/read 1 language which is not english. when situations like this arise, the only ones who can help them are the governments/charities/foundations who are giving them directly what they need. |
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I went through the page to invest and seems that DIMCOIN Pre-Ico value is estimated in fiat so when investing through bitcoin it calculates the exchange rate btc/usd so at the moment -$100 in the past 24hours so I think a better idea for me is waiting for the bitcoin price to keep increasing a bit and then invest and since we have time until 15th July I may invest at the end of this period.
I keep thinking the same way. So i will wait for the ETH price to rise considerably before investing. I believe that this ICO is a good one. Still enough time to think about investing with dimcoin. But by looking at all aspects I am very interested and recommend to invest in this big project. Seems that the don't have much time to catch the train, the price of ethereum is lower than the day I wrote that post so it seems that it's better to invest now or I will wait maximum by the end of the upcoming week to make a final decision. But I still feel such arrangement of concerting using the current exchange rate will discourage early investors who might want to wait for price increase before investing. Because it means if I invest say 1btc @ 2500$ I get dimcoin of that amount but if I invest same 1btc @2600$ then I get more just by waiting but I want to ask if there is an incentive or a new calculation of the value held as a result of change in btc price. It's up to them if they want to invest sooner as possible to get the highest bonus rate or to wait for a uncertain price increase. there is no way to predict what will happen next but if you want to be in the safe zone you can do either one of what the guy above you suggested. Still have 7 days to go before the pre-ico ends with a 30% bonus rate. |
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Do you think they are talking about bitcoin in your basic ECON class?
Definitely, Bitcoin is being mentioned in some business courses. I am sure some schools have adjusted their curriculum to accommodate the cryptocurrency as a whole.snd not just Bitcoin alone. Honestly, it will be a good thing if more countries adopt Bitcoin into their financial system... There are certainly a few number of universities who does that however we still don't know if the matter is one sided or not. what i have observed is people who lacks knowledge about bitcoin or cryptos tend to think negatively about it resulting to a one sided discussion. the teachers here in my country mainly follows what the books or curriculum that the department of education gives so i doubt they'll mention bitcoin as it is not there. |
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