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Both have great potential in the future. It’s going to come down to which platform developers and projects choose. Right now Ethereum is leading the way by a wide margin. I just think there is more support for Ethereum from the developers community. So therefore I believe in Ethereum.
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Q: Isn't it too late to get into Bitcoin?
No, it is never too late to get into Bitcoin. Bitcoin and Cryptocurrency has only been around since 2009 and has huge potential to create wealth for the people. The stock market has been around for over 100 years and people would never say it’s too late to invest in the stock market.
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First thing you need to understand about Bitcoin or Cryptocurrency is how to store your coins in wallets. Different types of wallets serve different purposes. Online wallets are for fast trading, software wallets can serve as your checking accounts, mobile wallets are your cash wallets, and hardware wallets are like your saving accounts.
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I share my knowledge about Bitcoin with my kids by talking to them about the future in crypto currency. I encourage them to learn and do their own independent research on the subject. I also try to pique their curiosity by creating a wallet for them and give them a few dollars worth of btc.
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I’m interested in joining the signature campaign. Thank you.
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It’s never too late. If you believe in the crypto market and the blockchain technology, you should invest a little bit. Just make sure you do your research and learn as much as possible about crypto before jumping in. There is no rush, we are still at the beginning stages of this market.
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Great list! Newbies should understand the different types of wallets and their security. I’m a relative newbie myself and was initially confused about different types of wallets. Now I understand a bit more and store my coins in a desktop wallet instead of online wallets. Down the road I will also get a hardware wallet. You need to own your private keys to really control your coins.
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I use GDAX for btc, eth, and ltc. I use binance for the rest of the altcoins. I like GDAX because of their low fees and they are linked with Coinbase which is a big exchange company. That gives me a slight warm and fuzzy feeling. I like binance because of the huge amount of altcoins they offer.
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As a newbie in any new field, one should read and learn as much as possible first before jumping in head first. It takes a lot discipline to be patient. But I believe you will be rewarded much more in the long run. This site has a wealth of information so take your time to research.
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Yes blockchain as a technology will survive even without Bitcoin. Bitcoin was just the first application of this technology. I think we are going to see a lot more case use of this new technology in the future. Banking, retail, supply chain, identity are some of the applications being looked at seriously today using the blockchain distributed ledger.
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I would consider Bitcoin more like gold. Gold is accepted anywhere in any country. I think Bitcoin someday will rise to that level. I look at Bitcoin more like an asset than a currency like the dollar. The dollar is backed by the USA government, while Bitcoin is backed by everyday people.
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Thanks, ZCash.
hows about the Hashrate on Equihash Well, it's a loaded question and I'll give a loaded answer. On the XP's, right now I've got the power levels set to about 80%, with RAM at 6000 and GPU core at 1733Mhz-ish. That gives me roughly 720 - 740 SOL/s. But before you scream rippoff, I have a mini rig with a couple 1080TI's that can do the same with mild tweaks... but the Titans use a lot less energy at 80%. It's around 225 watts. The TI's use 275 - 300 watts to get the same result. Now, I can get 810 -820 SOL/s on the Titans by upping the power to 110% - 120%, but my consumption jumps to 300 watts and I start to get diminished returns. If I had free power it wouldn't matter and I'd leave it at 820 SOL/s. My 1080's average 510 -540 SOL/s at 65% - 75% power. Interestingly enough, I have two cheapo MSI reference cards in their own separate rig doing 545 SOL/s, beating all my other EVGA and Gigabyte 1080's, I can't explain it. Total Hashrate is about 20k with what's in the picture. Hi Viper, How do you like the Titans Xp compared to the 1080ti? Do the net returns on the XP’s justify the huge premium over the 1080Tis? I see that you have a lot of Titans. I’m a newbie and want to build my rig. I ask because of the shortage on the 1080Tis, I may have to bite the bullet on the Titans. Thx. |
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Is myetherwallet.com any good? Sorry still newbie in this part.
Yes MyEtherWallet is good but it doesn’t hold btc. MEW holds ether and other erc20 tokens. I use electrum as my btc desktop wallet, and Coinbase/GDAX as my exchange wallet. Eventually I will get a hardware wallet like Ledger or Trezor, but they are normally not in stock on the manufacture’s websites. |
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He’s all sales and marketing, and trying to draw public’s awareness towards his company and coin. The more outrages the comments, the more media attention it gains for his coin.
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I support this fork. This is the first Litecoin fork and I believe it will be successful. Free coins anyways. Just make sure you follow a safe secured process to get your coins.
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I would encourage them to learn more about Bitcoin and the blockchain technology. There are Ponzi schemes and scams in this crypto world. They just need to be aware of what is real and what is not. Take some time to understand this new platform instead of just listening to FUD by other people.
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I would put $250 in sp500, $250 in btc, $250 in ether, and $250 in some altcoins. You should do fine with that allocation by the end of the year.
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I always remember a quote from Warren Buffet regarding the stock market, “Be fearful when others are greedy and be greedy when others are fearful.” Although Warren doesn’t believe in crypto, I think the quote also applies here too. I like to take some profits off the table when the going is too good, and buy some more when people are dumping their coins. But for the most part, I hold for the long term.
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Yes it is possible. With the SpaceX Falcon Heavy launch recently, I’m reminded that Elon Musk self taught himself rocket science by reading books and surrounding his connections with industry heavyweights. Of course it takes an extraordinary person to pull this off.
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Yes it is too volatile to be thought strictly as a currency. I look at it more as an asset, a huge value asset. Some people liken it to gold. Just like you wouldn’t use gold to buy everyday items, you probably wouldn’t want to use Bitcoin to buy everyday items. I think eventually some other crypto will become the USA standard for everyday transactions.
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