I have to say that I don’t know anyone who have actually profiter from cloud mining. All I hear are scam accusation and I don’t know any reliable cloud mining website I could recommend. Maybe to acoid such scheems if you can, it’s not worth the risk especialy compared to profit. It’s better to find some other way to earn the Bitcoins there are plenty other possibilities.
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I think that any wallet where you have the full control over your private keys is good choice and that is also the most important feature. Electrum could be one of the good choices. The other issue is that with this multiple forks that are happening not all wallets are supporting them or better to say the coins like recent Bitcoin Cash or Bitcoin gold so if that is important to you that is another thing you have to pay attention.
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You’ve said that you will not invest in Bitcoin because it will not become mainstream. That is true, Bitcoin will probably never be the mainstream and it’s not meant to be but that is notbthe point. That doesn’t influence your possible profit at all, just the opposite, because of that Bitcoin as an alternative to fiat money will bring you very nice profit especialy on long term basis. And the fees are not something that should worry you.
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Trading has become a very serious business that requires significant amount of time and efforts and if you want to do it properly and make sure to have at least some profit it's very hard or even impossibe to have some steady job besides trading. To my opinion trading is just too demanding and you have to take it very seriously so you have to choose, either job or trading
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It looks like everyone gets a bit tired from these endless forks and so many sensless Bitcoin related coins that come out of them. A no one can't really see the point except some speculations. I think with time this will be changed and some kind of rules or regulations will be introduced to end all this forks or at least put some order in it.
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Bitcoin is not a bubble and it will not burst, no fear because of that. But there are similarities with the story because at the begininig Bitcoin was reserved for technology guys and people who were oriented to virtual world and it was not well known like today. Now it's available to anyone or better to say very different types of people having in mind their education, age, gender etc. they all are interested in Bitcoin and using it.
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The price is very high but it will be even higher in the future so it's not too late for buying if you can afford that. It's important to have some strategy and what do you want to achieve long term. In short term price maybe will not grow so fast and it can't rise endlessly so some corrections are expected too and if you are looking for very fast profit you might be disappointed. So define your goal first.
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No one has a crystal ball. Speculators may push bitcoin price up until just before the fork. Everyone believes there will be a sharp correction so it may be a self fulfilling prophecy. Price has corrected to the weekly 20 MA and recovered and may well repeat. Right now the 20 MA is at just under $4100. Because there is a significant chance we could see sub $5000 this month many are selling now to raise cash and placing bids under $5000.
I'd say it's very likely scenario that the peak of the price could be just before the upcoming fork which will then be followed by correction. Still I don't expect such sharp correction like some are predicting and I don't think it will last for long. But now this good flow should be used for the maximum profit and afterwards survive without a panic.
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This is kind a crazy question. If the volatility could be controled then it wouldn't be any, right? So, no, it can't be controlled. But it's not good to mix volatility and control of the market, which I think it's possible in a way, because these are two different things. But for Bitcoin and other cryptocurrencies different rules are valid compared to fiat currencies and it's not good to make the comparisons.
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Many governments are trying to issue state covered cryptocurrencies. The main reason is probably the control they could have that way and centralization, of course. But such cryptocurrencies can't reach the success of Bitcoin and such broad implementation, not the significant number of users. So, I don't realy see the point of that.
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I’m not convinced that ban is the real intention of Indian government. Probably they want to regulate the exchangers and that is not the same like banning. Bitcoin is very spread in India and even such drastic measures like ban would not stop people from using it or ruin the market. Similar like China, India is also big country and significant at Bitcoin market but still the impact that such annoucements or actions might have on Bitcoin price they will not be dramatic or long lasting. Anyway, we have already seen similar scenarios.
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I’ve got the e-mail warning from Xapo that their web service has been exposed to phishing attacks and users are warned not to give their credentials. Allegdely phishing sites look pretty much authentic so users are easily mislead.I mostly use their mobile app that is safer but this has reminded me that you never can be careful enough and that all security measures that you can take are needed. Does anyone here has such negative experience, that he got to the phishing site and lost the Bitcoins and what did Xapo do about that?
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I’m not buying at the moment because the price is to high for me and I still have some possibilities to earn some Bitcoins. But for everyone who has free extra funds and have some long term strategy with Bitcoins I would advise to buy and invest no matter the high price because it will be even higher and the profit would be very nice.
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It could be all the drug cartels buying all the Bitcoin they can get their hands on. I made a topic about it, to the dismay of some here in the forum. They seem to can't accept that Bitcoin can be used for nefarious things. Drug Money and the Rise and Rise of Bitcoinhttps://bitcointalk.org/index.php?topic=2280648.0Join the discussion. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Sounds interesting as a theory but I don't think it's true. It looks more like conspiracy theory. Drug cartels don't have such big interest in Bitcoin they are still doing quite well even without it. Besides Bitcoin was used and still is for many other illegal activities not just drugs and then I think that Russian hackers have larger amount of Bitcoins than any drug cartel. Anyhow the next few days would be pretty much confusing for the market and the users but whatever the influence of fork will be it will not last for long.
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I'm not surprised. In fact I expected the price rise before the next fork and this pump could last until then. But this will not last forever and I think that the new correction could also be expected so I will watch the market close, probably it will be very dinamic. Now the new investors are attracted also and anything is possible, we'll see what the current peak will be.
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Yep, 6900$ at the Bitstamp this moment so very close to 7000$. To my opinion this pump is expected before the upcoming fork and could continue until that. New users are attracted to Bitcoin like crazy but to avoid beeing disappointed at the end they have to now that some price corrections and dumps will follow too. But it's good timing for trading, so hurry up for the profit.
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I don't know many such people. Maybe some of those who even have forgotten they have Bitcoins in their wallets. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Couple of years ago no one could predicted the current Bitcoin price and holding Bitcoins wasn't so profitable so majority traded Bitcoins or have bought it for exact purpose but not just keeping the coins in their wallet and waiting. Now is a bit different and some are considering Bitcoin as an asset for the future and their long term strategy is to hold and make profit that way.
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Bitcoin Debit Card hash been issued by bitplastic.com. Even if your age is under 18, you still get one. Has anyone got one? This card is a huge process for bitcoin world.
Even Xapo, should be releasing their new debit card for bitcoin, but I would definitely prefer bitplastic one, specially for anonymity. Not sure is Xapo will offer the same. Debit card Xapo is useless. It has been around for a long time, but too expensive to use. Much more profitable to withdraw bitcoins to your Bank card and make payment. I don't understand why Xapo does not support MasterCard and visa. They are on exchange transactions would make more money than the usage of bitcoin cards. What are you talking about? Xapo Bitcoin debit card is Visa card and it's not useless. There is no any fee for spending your Bitcoins from the card, only for withdrawing cash at ATM, which is quite normal I would say. So I don't know why are you saying it's expensive to use. And it's accepted everywhere in the world. I travel a lot, I used it at lot of different places and never had any issues with it.
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Nice ambition you have. It's possible of course but it might not be that easy at it seems no matter the current fast price rise. There will be downs also and you have to count on that too. And you need some knowledge too andwsom some plan and strategy, not just luck and it's also important what kind of trading and investment you will choose. People think making money with Bitcoin is easy but once they try it it might turn out different.
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I don't expect much from this fork but I will keep the coins. It might happen that the price will rise up to the fork date and then it might fall a bit but don't expect some big dump. The problem is that the forks happen more often and so many different often false information are given to users and it's hard to make decision what to beleive and what to expect.
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