Because humans are greedy and try to make money from every tiny piece of opportunity they find without caring about what or who they're going to affect positively or negatively.

First, there was the erc-20 tokens trend and almost every single successful coin had a replica as a token. Did any of them have any use ? Absolutely not. It all started with eBTC and boom millions of tokens were created. They were easy money grabs for the devs and they made a lot of money out of it as sadly some people bought into these coins.

That trend died, now we have the trend of forks. The latest that I know of is Bitcoin Diamond. It started off with about $100 and of course kept going down every single day. It's about $30 today. The thing is these devs are so desperate for money and just hope that their coins reach the same values. They don't understand that people learn and the community starts to know how things work. Literally no one will care about any forks except if it's actually useful. All these are made to die.

Here we go again. How many times do you guys need to keep spreading this totally false information ? Are you paid to FUD crypto or something 

I can right of the bat say no we're not wasting resources to make digital currencies. To make a system that's to be used by the entire globe, some energy has to be spent. This is not called wasting. This is making use of energy. And please don't pull up some useless and totally inaccurate info that come up on the news with absolutely zero sources other than Mr X who wrote it on his way to the studio.

Before attacking the amount of resources used by crypto, why don't you tell me how much is used by the traditional banking system as a whole ? There is no way mining costs come near that amount. In fact, other than paying humans and using human resources to make transactions crypto removes that whole expenditure.

If you dig a little deeper, you'll find that most of the mining farms that need and consume a large amount of electricity are setup in places where there are natural resources of energy that are unused. That's actually the case in a lot of places in China and the private electricity companies (being companies that also want to make money) actually encourage these setups. Please point out the wasted resources.

Well first of all not all of the miners are in just for the profit. A lot of us like the fact that it's a kind of a challenge. Somethinig you won't understand unless you're into tech stuff.

But if we talk about profitability, you must've been living under a rock for no less than a month. Right now, gpu mining is totally profitable. You've got a few coins to choose from and they all are with amazing returns. Ethereum was knocked out of the way as a go-to mining coin but it resettled itself again on the top of the list (well not the highest in profits but still high enough) again as the price sky rocketed.

If you took the effort to just take a look at what people are mining these days, you'll find that a lot of them are mining a new coin called electroneum. It's a great coin with a lot of potential in the future. Don't look at the current price as it just got dumped as the ICO coins have just been released today. I'm talking about the future. I expect this coin to hit $1 in no more than 4 months. It's already the most profitable coin to mine but the wise will not sell your coins now and will keep them for the best time to sell.

Generally, gpu mining is always profitable. That's something I learned. If you're not happy with the amount of USD you made that month, simply don't sell the coins. Unfortunately I learnt this the hard way. I was mining zcash and continuously sold the mined coins. I didn't really make that much. Just look at zcash's price today. That's why crypto generally is all about HODL HODL HODL.

You probably just missed the idea behind faucets. They're made for their owners to make money and not the other way round.
These annoying ads/popups are why these faucets exist. They are trying to make some ad revenue.

But it's actually  a complete failure for both the owners and of course a joke to people who use them. You'll need to sit for long and long hours just to get a single dollar. It's totally not worth it. Faucets aren't a way of making money. They're actually supposed to be looked at as a way for newcomers to test out the waters and understand what bitcoin and bitcoin transactions are all about.


They never were. They never are. They never will be.

Them being famous doesn't mean by any measures that they are the best. Heck they're not even considered safe in any way. I wouldn't store anything more than $20 on any online web wallet. Specially the ones you mentioned.

And of course there's a few reasons for why you should never use or trust a web wallet.

1- Most of these wallets don't give you access to your private keys. Which means you practically don't have access to the coins you own. If the wallet gets shut down/hacked/stolen or just has connection issues and you want to make a transaction, you can't. And the word "you don't own the coins" is no joke. When you have your private keys, you have full control over your coins and can use any wallet whenever you want. But that's not the case in online wallets.

2- You can get robbed easily. You just a wallet id and a password that can be stolen using a key logger if installed by a hacker on your computer or entered by you by mistake on a phishing site (well you can kinda avoid this by using 2fa but why put yourself in such a situation if there are safer options ?). Well they themselves can get hacked ! Remember Nicehash ? YEAH.

The best option is to use a wallet like electrum. But there's actually a safer and higher privacy wallet available out there and I'm talking about hardware wallets like Ledger Nano s. In fact, I just ordered one and it should arrive in a few days. That's the best if you plan to hold on to your coins for at leaset a few months.

Bitcoin and crypto is literally all over the place right now. Every single person in every country in the world that has basic internet and tv access has probably heard about it. This means more and more people are starting to get involved in crypto and are potentially buying already once they hear how much much they can make in a short span of time.

This means that gradually people can start withdrawing their money from their banks and put it in crypto. This is exactly what the whole banking system is trying to avoid at all costs and they've been doing it since day 1. Decrease in their liquidity is no joke as it would totally ruin their whole businesses/projects or whatever they're part of.

So basically what they try to do now is to scare the public who still have little or no info about how crypto works. They are trying so hard. They first talked about the "danger" of crypto and said that it's used for shady stuff. When that theory failed, they switched to saying that they can't recover your funds if you get stolen/tricked and now playing on the main thing that's driving a lot of newcomers.

A lot of people are joining in and buying just because of the profitability. So it makes sense that this is what they're attacking now. "HEY don't withdraw your money. BTC will crash" LOL. I seriously can't stop smiling thinking of the awkwardness of their strategies. But any newcomers should understand what crypto is and how prices work or they'll all be disappointed once the price goes down a little bit. Or I can picture it as a means of pushing the people to sell of their coins because a few whales wanna join in.

Right now, the price of bitcoins is not an easy topic to discuss or make predictions about.
In fact, that's how crypto generally is. It's totally unexpected and whatever speculators define is usually never 50% true.
I'm talking about really high or low predictions.

Who could've thought three months ago (when the price was about $4k) that it will become worth almost 4 times what it was and in a span of less than 90 days. A lot of stuff is going around right now and it's getting more and more attention as more countries (like korea) are getting involved more with crypto every single day.

I can't figure out the reasons for the current prices. I don't want to but can only see it as a huge pump that totally has to be followed by a correction. However, that's what we said when it got near to 4k, and now we're here. Will it generally cross 20k ? For sure. Before the new year ? I don't think so.


I guess you're a bit outdated in your numbers mate.
It already crossed 17k. And I'm not talking about the korean exchanges (bithumb,etc..). It was for $17,430 on bittrex and a bit higher on poloniex today.

I managed to sell some at those prices on bittrex.



I'll buy again once the price drops again a little bit.

I guess you understood from the previous replies that you need a good GPU to mine anything at all.

No it's not a big deal at all. In fact, a 1mbps line will do just fine. The mining rig just uses the internet to submit shares to the mining pool which is nothing really just some numbers sent and received.


You're totally wasting your time and wasting electricity for nothing. Thinking about mining any coin without a decent mining rig with new Nvidia or AMD gpu cards.
But even with modern high-end gpus, mining a coin on an algorithm that already has ASIC miners for them is wothless. These asics produce way way more hashpower than our cards. The only "profitable" way to mine litecoin for example is to buy antminer l3+ right now.

While that's something that we'd be totally happy to hear about, the sad truth is it can't happen soon enough.
First of all, governments at least have seen the potential crypto has during the past few years and they probably understand that the money they print is worth nothing if compared to one bitcoin for example.

And that's just in 3 years of slow growth and 3 months of craziness. What would happen later on ? Will their currencies become obsolete ? Will banks shut down ? Will we start becoming humans again and control our own fate and have REAL financial freedom ?

Well if we know one thing, it's that neither do the governments or the banking system in general would ever want or allow that to happen easily. They won't let the main weapon they have and control just become thin air. The whole world is under their control. Who would give up such a position ?

I'd say the current situation is "silent mode". They can't make it legal or even speak positively about it as this will gradually lead ot what I just talked about. But they don't WANT to make it illegal as well just like that right of the bat.
My guess is they're studying more about it and if they can actually benefit from it and somehow preserve their power. It's not wise to just reject something new. That's why they're probably doing more research about in every angle. And their researches are a bit different than ours.

They might be thinking of ways to make it legal but they're concerned about stuff like "how can we trace crimes". Maybe make it legal only through certain traceable wallets or something. I'm not sure but we just have to wait and see what they come up with.

Antminers come in different types. Each is specialized in a certain proof of work algorithm and not just a certain coin.
For your s9, you can mine any coin that you want that has the sha-256 algorithm ONLY.

This gives you a few options but you'd be mainly mining Bitcoin or BCH.


So no you can't mine BCN with your s9.
Why do you want to solomine altcoins Right now the profitability of BTC and BCH mining is amazing. Why not exploit that and make the most out of it. You're basically leaving the easy way and looking for the difficult way of making money.

Anyway, you can check the most profitable coin for your miner on whattomine through this link.
https://goo.gl/W7iEui

According to them you'd be making no less than $37 per day with BTC and you have other options of course. Don't waste your electricity on crappy coins (that popup in the altcoins section) as you'll probably get nothing out of them other than wasting your time.

I was going to leave this post without saying anything but this reply caught my attention.

I have no idea how this makes it a reason to sell except if you can look at the facts from a long distance and don't take the time to research a bit into it.
Back in 2015 the price of 1000 was incredible and unbelievable. This is because the price at that point was about $250. That's a profit x4 ! And it happened just like that before we could even believe it.
And when the price hit that point, there was people just like you (exactly like you) who were telling us to sell as that's the highest it can ever become. A lot of people sold and were totally happy with the profits they made.

Oh let's just imagine how much MORE they could've made by NOT believing what the "people" said and held onto now. I'm not gonna calculate it you can do the math but we can say it's well more than 60 times !! Do you imagine ?
That's exactly why I'm not gonna sell any time soon. Keep saying whatever you want.


BTC ain't one of them.

Prove it. Please hack the address on my profile and transfer them to your account.

On point but will get solved eventually

Jeff Bezon got 97 billion dollars. Bill Gates has 90 billion dollars. And the list goes on.  Got anything to say ? Plus those numbers aren't even accurate.


Just LOL. I guess my first part of the quote cleared all this uselessness.

#1


Accounts Connected:

prm, invest4all, invest4allru

Proof:

The bitcoin address on the profile of the user "prm" which can be seen here and the address shared by the user "invest4all" which can be seen in this post are controlled by the same person.

This can be proven by two ways.
Number one. In the following transaction: 22a5c4b221d136b80d2ec609973993b7f528cb8dbfd0a36f337d93c07f23ff81 , the two addresses mentioned before are used as inputs.

I guess that's already enough proof these two accounts are the same person.
However, there is more evidence.
They're basically controlled by the same wallet. Check it out here: https://www.walletexplorer.com/wallet/0423dfceec7cd235/addresses

They're number 1 and 3 on the list.

For the account "invest4allru", that's already the same guy as invest4all as he said it himself (as if it's not obvious lol) here.


Related Addresses:

---

#2

Accounts Connected:

daud al,    dwi wahyu
Proof:

Same address used in these 2 posts.

http://archive.is/ldfQ9#selection-603.13-603.55
http://archive.is/MVUhT#selection-7725.0-7725.42

Related Addresses:

---

#3


Accounts Connected:

dasdo, fattyforhire

Proof:

http://archive.is/ngAAA#selection-8267.0-8275.1

Related Addresses:


Miscellaneous:

This is not enough evidence that the two accounts are connected but at least "fattyforhire" should be tagged for ban evasion.

I have no issues with forks what so ever. In, fact they proved themselves to be a blessing to btc rather than evil (contrary to what I thought once they started talking about BCH back in July). I thought that somehow a fork could "steal" the lights from bitcoin and make our original coin useless or with a lower value. I didn't fully believe that it could happen but it was a thought I had.

With new hardforked coins, comes a lot of benefits to BTC itself. First of all, these forks advertise themselves everywhere and not only to the crypto community. This means new people who have never used crypto are hearing about bitcoins and some of them probably end up buying and investing in it. This is basically free advertising for btc. As a lot of newcomers search and know what the deal is.

This means that forks get more liquidity cash into the crypto world. Which means more options for services and miners. I guess possible upgrades in the future for btc can benefit from what these forks have to offer if they stand out.

But I'm only with forks that are actually useful and are not just money grabs by the devs. I'm talking about the latest fork I know of which is the Bitcoin Diamond, it literally offers nothing new or worth even looking at. And of course its price got exactly were it should be. It's constantly going down everyday and it will stay that way until it dies. I just want forks that do find something in btc that can be improved and utilize that. BTG was actually one that kept me interested until they announced that there is premine and I just left it at that point at once.

I'm by no means an expert or have the right to call myself a professional trader or speculator in any way but I'll tell what I do.
Right now, the market is actually kinda easy to read and deal with if you take a closer look at what happens and try to benefit from it.

In the past few weeks, bitcoin got a lot of attention which is obviously why it went up so much in price. When the big boss (aka btc) starts going up, it goes up dramatically. So, literally everyone gives up their coins and buys into btc. Let's say you did that and you bought at a low price (13.5k which happened yesterday). What do you now ?

You hold on to btc as it goes up. And it will start going up and down (but the major trend will be an increase). Once it stops and stabilizes for some time (12-24 hours) that's the time you start scouting for altcoins to buy. As everyone is probably still selling their alts for cheap.

When the price gets stable, people think that this ride is over so they start selling and you see the price go down again and alts going up. They'll keep going up until btc decides to move up again. You don't wait until that happens. Once you made an appropriate profit from your alts you quit (I'd say at a 10% profit or less).

So this way you earn from btc and alts at the same time.

There is nothing that you need to turn off. First of all, you bought a ledger in the first place because you supposedly care about privacy and security. So that's how you do it. You get a lot of addresses so that your total balance is kind of private.

But with the fees issue that we have right now it must be frustrating as a lot of addresses means a lot of outputs and a bigger transaction when you want to make one. Which of course means you're paying way more in fees (the fees are too high right now with no less than 350 sat/byte if you want the transaction to go through any time soon).

There is nothing that you have to disable. Use any of the addresses that you got money on previously and it would still end up on your balance. Any address ever assigned to you is still yours for ever. You can confirm what I'm saying over here (just look it up on google) or just try testing it out yourself.

http://archive.is/OvHdO#selection-5163.0-5187.425

In fact, this is a general thing. Blockchain.info and coinbase do the same thing and you can still use the old addresses to receive btc on the wallet as much as you want.

Well then the most appropriate thing to say as a beginning to you would be "Welcome Back "    Where have you been ?
With the recent price craziness of BTC we've seen a lot of new people join the crypto community, some old people getting back to it and some looking for their wallets that they left and probably got erased several years ago. All of this attention is because of the price surge and the profits you can get out of investing in it.

However, you're one of the few people who tried to take quite a different approach. Probably because this is not the first time you deal with btc o crypto generally as newbie tend to have no idea about altcoins.
This makes me ask my self a few questions. Why are you deciding not to invest in btc itself again ? Maybe wait for a coming price drop and buy in ?

That might be a question that you probably have an answer to which brings us to the second point why IOTA ? I totally can't find a reason for investing in it. Especially at this time. I'm not sure what you've been reading/watching that convinced you to buy it but there's totally way better coins to buy right now.

IOTA's price has been below a dollar for quite a long time and got a small pump. Exactly a week ago, 1 iota was for about $1.45. Buying at the current price of $4.66 which is like that ATH of the coin is not exactly wise. It can drop and will surely do when they start dumping the coin.

Well, the procedure of buying is as simple as it can be. Register an account on Bitfinex, deposit btc, buy, done.
I guess you already know that I believe it's a wrong idea to buy now but your choice in the end.

As the price of btc exploded, it's kinda expected for the rewards of this campaign to be lowered. I just asked Aventhe about it.

Each week is from Monday to Sunday. So you have to post before the beginning of the new week. So before Monday.

Well according to the plain rules of crypto currency trading and since they own kind of a lot of bitcoins, if they decide to sell the price will surely dip. Might even be a big dip. But the thing is, every single person will see this as an opportunity to buy at a lower price and profit from it later on. And that's actually what a lot of people are waiting and hoping for. They're waiting for btc to dip to about 10k or something and literally everyone I know is willing to buy at that price.

That's because across the years, btc told us a very simple note. If a price is reached once, it will get back to it once again eventually no matter what. Not convinced ? Check what happened in September and October. That's exactly what I'm talking about. And if talk about the price in general and that can be considered as the "max" price, I no longer have an answer.

In 2015, our far and look-up-to goal was to see btc at $1000. It was for less than $300 at that time. And when someone said that it will get above 1k a lot of people called them stupid and "live in your own dreams". Now look at the numbers and decide. That's what actually made me think of holding up for a longer time than I usually do. And that's why I bought a hardware wallet. To be safe and to slow down the selling process. Try doing the same thing and holding for at least 8 months or something.

The price is going up like crazy every single day. It's insane and good for each and every person who owns and holds his money as btc.
Although this extreme rise in price is kinda totally unaccounted for, and will probably be followed by a huge dump I'm holding my coins.

Getting back to the topic, the extreme increase in price in that short span of time means more and more people are actually getting interested in joining crypto. We even have the big events of nasdaq and other wall street companies jumping into the game. If we want btc to actually succeed and become the universal currency we want it to be, the fees issue has to be solved at once.

It doesn't make sense to pay that much money on transactions. Especially if we aim to make it the easier method. The fees issue is actually kinda undervalued ? or I don't know you can say is too annoying to the community that no one talks or wants to talk about it. It's time the lightning network we've been hearing about come to reality and prove to the whole world that crypto CAN actually take the the steering wheel. Right now, it's just a huge drawback.