Well, this is far better than the "China will ban everything" news we have been getting. At least this sounds like they will allow trades, mining, exchanges, etc. to operate, as long they have some control (read taxing authority) over the commerce. I think it is reasonable for governments to try to impose some regulation. While most of us don't like the recent direction things are heading, hopefully this will ease the worry about China.
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I don't think of it in terms of "how many", I think of it in terms of "what percent". I shoot for 5% of my investment portfolio. Bitcoin and alt coins are one of the most volatile and risky assets that anyone can own at this time, but they also offer returns that have outpaced other asset classes ... by far. I just don't want to get too deep into them. People younger than me might have a higher tolerance for risk, though.
But to answer your question, there is no standard investment quantity. You can buy and hold whatever amount you are comfortable with.
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This kind of stuff really makes me mad. Bowhead was on my radar since I like to diversify into new arenas, and I don't have any medical related altcoins .... but forget them. They shouldn't scam the bitcointalk community.
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I mine Verium Reserve with a couple of Odroids (VRM is a "CPU only" coin). It's barely profitable, and only because the Odroid uses so little electricity. It's more of a hobby anyway, not looking to get rich off mining.
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I'm not aware of a project doing what Golem is trying to accomplish, which is create of network were people can share unused CPU power to earn Golem tokens. There might be a token I'm not aware of, though. The other place to find unique features is the privacy coin arena, where each coin is trying to accomplish the same thing (total anonymity), but going about it different ways.
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I think you nailed it. I was just thinking about this today, and exchanges operating as local and regulated business makes the most sense ... but if governments are really going to try to stop bitcoin, they are the weakest link. DAOs may be the way of the future, especially in the countries already becoming hostile to cryptos.
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So far it hasn't hit Bitcoin price ... pretty much flat for the day. I guess the FUD is still built into the price from the Chinese recent actions. Governments are getting very nervous about commerce they can not control and tax effectively. It sounds like they will allow it to be held as an asset for "qualified investors", but not used as a currency by the common people. Pretty much the path I've been expecting America to follow to some extent, "qualified investors" sounds a lot like "accredited investors". I don't know if the US will outright ban bitcoin, but I expect in the future much of the new opportunity will be reserved for the very wealthy ... makes me sick.
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I've never heard of it, but I'm going to check it out on YouTube. CNBC is the finacial news network in the US, and having a show on cyrpto trading (even if it's on another continent) is a good sign that it's moving to the mainstream. I could see a half hour show being developed for North America if it is successful.
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I was thinking about this, as well, I would love to get my hands on a daily log of Bitcoin and other altcoin prices and run the correlation in excel. If anyone knows of such a data source, link it up, and I'll report the results here. BTW, I'd bet the correlation is very high, at least among the top 50 or so coins.
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How would you acquire delisted coins, anyway? In the stock market, they call them "Over-The-Counter Bulletin Board (OTCBB)" trades, which I assume is a reference to posting the sales on a bulletin board, rather than on the exchange. Is there something like that for Cryptos? I checked the market place here, and their doesn't seem to be many people offering to sell their delisted coins.
BTW, Factom is on shapeshift, and seems to be doing well (~$20), so maybe you've got a winner there.
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All asset classes have formed bubbled and crashed. Even if Bitcoin follows that pattern, it's not a knock against Cryptos, or evidence that they won't make a comeback ... it's just evidence that cryptos will follow normal market patterns. But, about that chart, it's scalable ... If bitcoin pops to $8000 or $15000, or $50000 before the "crash", it would still fit within the basic pattern of that chart, which is why it's impossible to make any predictions based on that pattern ... we probably won't know if we are in the capitulation phase until we are well into the capituation phase.
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Anyone tried and won anything yet? or is it all talk?
Well, you bumped a 3 year old thread, but I can tell you that this faucet is as legit as a faucet can be ... Meaning you'll probably spend a lot of time there and not get much in return. I'm pretty sure it does pay off the "jackpot", as people on here have posted pics of them winning in the sister site freebit.co.in, but due to some tricky math, the odds are, I believe, 1 in 20,000 (you'd expect 1:10,000, but I don't think that is the case), meaning you'd have play 10,000 times before you'd be likely to his a jackpot.
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We just have to take this stuff in stride. If you watch the financial shows, some the guests think (take your pick: oil, gold, stocks, bonds, various fiat currencies, etc) is going up, some think it's going to crash ... Some are right, some are wrong. The fact that mainstream financial news is covering bitcoin and other cryptos at all is perhaps a win, even if many of the guests are badmouthing it. It's on their radar, at least.
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I signed up on coinbase and am limited to a $500 wk minimum. Does anyone else know of a site that allows you larger purchases? Im waiting for my new ID (expired) from the DMV and they wont take my passport which blows my mind why?
Thanks alot
It look me like 90 days to get my maximum deposit above $500 on coinbase, even though I followed all their rules and did the ID verify. It kept saying "to increase your maximum, verify your ID" ... "to increase your maximum, buy $1000 worth of currency" ... then after a while, it just said, "to increase your maximum, wait 90 days" ... plus, my bank charges me international fee to use them, even though they are based in California... So yeah, if anyone has a better way to move fiat into crypto, I'm interested, too.
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I was just accepted to the DeepOnion Airdrop Campaign today, and it is the campaign I've wanted to be in since I learned what signature campaigns are. They have a great website with lot of info about the project and a solid community feel about it. Deeponion.org. And since you asked about earnings, it looks like they give out a couple hundred coins a week to members, which I think is probably one of the highest paid campaigns going right now, especially for low ranking members like myself.
My first and only other signature campaign was as a Jr. Member, with GoGoOption, and even though I didn't make much in terms of bitcoin, I do very much appreciate that these sites are giving us an opportunity to make some extra coins by doing something easy and enjoyable, and something I'd do anyways ... posting here.
Just keep making good quality posts and ranking up and good things will come.
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I could envision countries trying to emulate Bitcoin, but completely screwing it up. They'd probably, for example, in the US make you register your name, address, and SS number, so that they can track you for tax purposes. For mass adoption, they'd also likely need a massive fraud and error resolution department, similar to what Credit Companies have, with the ability to review and undo transactions as citizens file complaints. They'd would also have to find a way to overcome long delays in transaction approvals while increasing the number of transactions to 10s of thousands, if not 100s of thousands, per second. I mean, people are not going to tolerate standing in the checkout line for more than a few seconds waiting for the "approved" message.
In other words, they'd have to make a crypto that functions like a credit card/debit card, and if that is the case, we might as well just keep credit/debit cards.
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I keep almost all my coins on the Exodus/Eden desktop wallet, which supports about 30 various coins, and can be recovered from any computer with a 12-word pass phrase, that I keep in my safe. I have only two coins that are not supported by Exodus/Eden, and I just keep them on their own wallet or on an exchange. The key is to print your recovery phrases or private keys and keep them in a secure place, and your coins will always be safe against computer crashes.
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Can you receive real USD after you withdraw your USDT. Or there is any operation that I can transfer USDT to USD?
That's a good point that the OP should clarify. I'm pretty sure you can not withdraw Tether (USDT) directly into a bank account. I beleive you first have to sell the USDT into a cash account, then withdraw the cash. I assume that is what he is trying to do here, because I doubt an exchange would allow a user to even attempt that transfer.
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Sounds like hyperbole. Even if bitcoin is a bubble, I don't see how it could be the "biggest bubble ever". The housing bubble damn near took out the entire US economy and banking system. The Dot-Com bubble sent the US into a 3 year recession. For as much as I love bitcoin, it's $65 billion market cap and low saturation rate into the population would not even register on the scale if it all blew up tomorrow.
Plus ... history has shown that collapses happen, and often just turn out to be good times to buy. I bitcoin collapse likely will happen as some point, but I don't think it will be end of bitcoin or other blockchain assets.
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