Hi all,
Ive been investing small amounts in Bitcoin and ethereum for a year or so now but i wanted to ask what is the best or easiest way for a newbie to buy the currency now. I have a coinbase account so im able to purchase quickly if need be but so many buy sites make it very difficult for newbies to make such purchases in quick time. What is there out there thats on board and safe for anyone wanting to join the market quickly and start investing in such currencies?
Kind Regards
Griff
Arbitrage trading is profitable but also risky, even not say around altcoins thay are much more, you have to be train your self before starting to do |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Diversification is a must as an optimum investment strategy, not all of your money, the amount that you reserve for a certain period of time |
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Hello guys,
My understanding of crypto-currencies/Bitcoin is, I would say, intermediate. I need people to make me understand why my assumption that Bitcoin WILL disappear in mid-term and be replaced by another cryptocurrency/technology could be wrong.
Why am I making this assumption ?
If I am not mistaking, one of the main principle of the Bitcoin (and most crypto-currencies) is that you can't change how the technology / the blockchain / the crypto currency is made. Meaning that the Bitcoin that went out in 2009 is supposed to always be the same. (unless you make a Fork butt well, it seems like all forks will always be much smaller in Market Value than the original Bitcoin).
If technology stays the same forever, isn't it OBLIGATORY that another technology (and I mean by that, probably another cryptocurrency) will take the place of Bitcoin in the short/middle term ? Not sure if you know it, but if Bitcoin was a country, it would already be 71th in the world in electricity consumption ! Isn't the Bitcoin aim to be the world-decentralized money simply impossible due to the limitations of the technology?
It seems to me quite obvious that another crypto-money WAY less demanding in energy/electricity and also waayyyy faster with calculations should replace the Bitcoin in the future IF the Bitcoin technology isn't evolving.
English is my third language but I hope I am making sense.
This is good point, you are right but I also would like to open another page to change how we are looking to the ecosystem. The technology will not change and the philosophy as well but even we get closer to the planned distribution or amount of bitcoin produced, each day mining gets harder and harder. |
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Should I Invest In Bitcoin?
I can say yes investing in bitcoin open a pipe line to get some amount of profit but do not forget that it is an investment and all investments carrying their own risk both hidden or easy to read. |
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All level of predictions can be acceptable for me because it is really hard to predict what will the price of bitcoin be tomorrow Both movements possible up/down. |
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How can you earn 40 dollars a day in bitcoin?? , let's share the knowledge on this topic , and hopefully we get more success after share my experience in here
If you have an expertise in one special subject or line of business than it might be easy to earn some bitcoin by doing that. So many people earn bitcoin with this way |
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Because of I have small amounts of btc the web wallet will easy to use and meets my needs, but if I had a bigger amount then I should choose something more safer
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
The banking system is changing, currently the banks are the intermediary trustful institution like we have an escrow here same structure, now system started to change or replace with bitcoin in general |
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Has anyone taken a course online on sites like Udemy to learn about bitcoin? I just received a coupon to enroll in a bitcoin course for free. Would it be worth the time?
If anyone has any experience, do share.
For sure, even if it is free give a try, at least you can have a chance to learn something new, if that would be not enough then try to type bitcoin to the youtube search box then you have dozens of information. |
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
It helps every day life easier, by decentralised, arbitrage things and carry trading between currencies. You can invest, trade, transact etc. Easy to use |
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https://www.coindesk.com/us-lawmakers-seek-tax-exemption-bitcoin-transactions-600/Two members of the US House of Representatives have filed a bill seeking to create a tax exemption for purchases made with cryptocurrencies.
Back in 2014, the Internal Revenue Service declared that it would consider bitcoin (and other cryptocurrencies) as a kind of property for tax purposes. Any profits made when selling or exchanging a cryptocurrency triggers a capital gains requirement. Yet due to the wording of the IRS decision, that covers any transaction involving bitcoin, including an oft-mentioned purchase of a cup of coffee – essentially meaning that if you bought some bitcoin at $1, and spent it on a $2 cup of coffee, you would owe tax on the difference.
Reps. Jared Polis and David Schweikert, who co-lead the Congressional Blockchain Caucus, are hoping to alleviate some of the issues resulting from that ruling with the Cryptocurrency Tax Fairness Act.
Unveiled today, the measure, if passed, would create a de minimis exemption for cryptocurrency payments below $600 after December 31 of this year. Put more simply, transactions involving a cryptocurrency below that threshold wouldn't trigger a capital gains liability.
As the text of the bill states:
"Gross income shall not include gain from the sale or exchange of virtual currency for 5 other than cash or cash equivalents….[if the amount of gain excluded from gross income under subsection (a) with respect to a sale or exchange shall not exceed $600." Practically, as far as I know there is a study trying to get under the tax regime but currently again as far as I know there is no applicable tax system in any country start taxing it. |
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 What do you like best about bitcoin? Decentralization, transparency or easier to move? Or just it makes you look cool?  All of the above for decentralisation, transparency, easier to transfer. In addition it is developing each and every day, due to the ecosystem getting bigger we will see much more advantageous parts of it. |
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It was one on the issue Satoshi saw the world needed it. But as far now it mainly use is trading for speculation by the newbie and holding by one who bought it years ago.
Of course it needs to be legalised FIRST somewhere. But after that a, will you buy something online and pay in BTC ?
Or it’s just a form of investment like gold was a decade ago ?
I have small amounts of bitcoin mostly for investment purpose because when I wanted to spend it online for buying something I have to pay too much fee on that |
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2020 millionaires all over the world  Would it still be btc in these levels at that time frame I suppose not. There will be another cyripto currencies in the place of btc |
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I know a lot of people have different reason why the love and embrace bitcoin.
For me the decentralized nature of bitcoin and the thought of being able to send coins to anybody in any part of the word, no third party, no regulation(specific amount), no bullshit is mind blowing.
The most important reason for trading wise is the fluctuating level, huge ups and downs that create an opportunity to make a good profit in a certain period of time |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Absolutely in a matter of investment strategy putting all eggs in a same basket would be risky but bitcoin has its own dynamics you never know what will happen in a short period of time we faced an incredible jump on prices, it is not a normal market strategy |
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It became a fun at these levels of btc 5kusd, it is hard to invest if you have a tight budget as me. I wished I already invested several btc years ago but unfotunately I did not.
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Can we please do something to speed up transaction time and the high transaction fees?
This is getting absurd. I just spent $10 USD to send $7500 but my fee was too low. It may take a week for my transaction to process. Who knows. I should have spent 3x that figure to get processing within 1 hour ($30). With that same fee I could have just used a wire transfer from a bank online and it would have been just as fast as bitcoin. The selling point of bitcoin is that it was supposed to be 'better' than traditional banking services. It's not.
IMO, the following things need to happen.
#1) Block time decrease from 10 minutes to 1 minute. (and decreasing reward by / 10 per block)
#2) Difficulty readjustment period from 2016 blocks to 720 blocks. (2 difficulty readjustments per day with the decrease in block time from #1)
#3) Apply a system of master nodes where there are 10,000 nodes that receive an equal split of 1% of all bitcoins generated. (Comes out to about $200/month at current USD rates, enough to pay for a dedicated server or colocation space to host the node in a good environment almost anywhere in the world.)
#4) Reduce the amount of read/writes to disk on a bitcoin full node. I stopped running a full node because it lags everything else my computer tries to do. Not because of the disk space it consumes.
We just went 50 minutes between blocks as I was writing this!
This is a dilemma on btc transactions, the transaction times were decreased but we still facing with a comparibly big amount of fees keep paying even if the transaction amount is small |
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My best source is this forum filtering by your interest will bring you detailed and deep spectrum of information, real expeeriences will be an another asset |
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Something strange is happening right now.
I do not fully understand what yet but it seems some members of Pro-segwit2x group are publicly withdrawing their support for SegWit2x
Could this mean the hard fork won't be going on again? Seems they aren't too happy the way Bitcoin price is shooting up or it is just normal and expected withdraws?
Big discussion is going on and it is hard to say that everything is clear we need to stay thight and see what will happen in coming days. The price fluctuation is too much it might be possible to come back to lower levels |
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