Hi, have you ever thought this? You know that, to import a wallet you need the private key or your seed. Taking as example the private key (the 52 letters key). It could exist the possibility someone create a software whose function was to try thousands of times to find the private key till it is be done.This would be like the process to find the new block in mining, anyway you can try the times you want in order to find it. I think this could be a weakness, correct me if I am wrong.  Or comment if you have a kind of solution for this... Regards! If you are not careful then they can steal your btc. But making a program is almost impossible and it just takes so much time. Hackers are more likely to get lucky making phishing sites or keyloggers and get btc that way |
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Hello guys, I have a friend who told me about BITCOIN MINING. What do you think? Is it worth it ? Buying Hardwares / Mining Rigs and plus the TIME to be consume. I'm not even familiar with it , so I'm probably asking for advice on for those old miners. Electricity here in PH is so expensive. Do you have some tips and tricks? Thanks in advance guys !  If you have The means to buy mining rigs then go for it. I suggest 3 rigs. 2 for mining bitdoin and the other for mining eth. And if it was me i would go for solar power to lower electricity cost and you would be runing ac 24/7 |
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6 Things Good and Bad You Should Consider Before Investing in Cryptocurrencies.
1)- Potential returns can be massive.
2)-Inexperienced teams. I mean to say Bad Experience
3)-Liquidity
4)-Technical difficulties
5)-Transparency
6)- Security
I recommend using a cold storage wallet that lets you control your private keys. Your private key is what allows you to access your coin on the blockchain. It's best to keep this key offline and in a secure place.
Investing in cryptocurrencies is very risky. The markets are volatile and the technologies are still quite young. However, they are still a great opportunity for anyone interested in investing. Treat them as you would any investment and please do your own research.
This can help a lot of new investors. If they read and do some research on their own. You need to know what you are investing in. Bitcoin is very volatile so the Market goes up and down anytime. You need to know what you are in for |
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I think bitcoin is really a good investment for now, but I don't think it is a good idea to put all your investment in bitcoin or crypto currencies since it is unpredictable and very risky to take. For me it's still better to start your own business than depend your future in bitcoin investment.
What do you think guys?
It is better to diversify your investment and not put your eggs in one basket. It s just a better way to invest smart. That is why rich people get rich faster because they can invest in different things |
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As quoted from CNBC there is a cryptocurrency will be zero. What do you think ? From : https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html Not most but some cryptocurrencies. There are a lot of useless coins that were just made to make money and actually do not have good projects. These coins are the ones government should be looking out for and people also should do research on what coins you are buying and trading |
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Many of the FUDs circulating about bitcoin seem to indicate the scouring of bitcoin users' trust on bitcoin so bad perceptions of bitcoin, especially for new users and selling bitcoin, which seems deterrent to use bitcoin, will the price of bitcoin be destroyed by FUD, How do you react to it?
Fud may lower the price of bitcoin but it won't destroy bitcoin. Too many users know a lot about bitcoin and also helping spread real news and helping out people who doesn't understand Blockchain tech. |
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If you've been around the cryptosphere, you've probably heard both camps on whether BTC is manipulated. Many say it's the "weak hands", others blame large institutions, while other's say it's all that MT GOX guy doing another dump? What do you think? Is it manipulated? Please include your reasoning on the matter.
I think the market can be manipulated. Large holders of bitcoin can control pricew. But this needs really big amounts and only tge super rich or corporations can do this. When they earn big sell and dump the price then buy again at a lower price and do it all over again. |
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So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
Banks are afraid of bitcoin because it wouod mean less investments and less s money for them. People can actually make descent money from bitcoin by trading and bounties. Government is afraid because they cwnnot control bitcoin. It is hare to track and go after tax. |
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Why, until now, government all over the world still doesn't trust bitcoin?
I think it is not about trust. It is just hard for them to accept things that they cannot control and they cannot monitor the ins and outs specially big amounts of money from bad people. Money laundering to be exact |
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Can anyone give me idea about how I can start doing supernode stuffs?
I have some scripting fundamentals knowledge but not very high. I want to start with supernode through staking coins. Any kind of suggestions and resources would be highly helpful and appreciated.
You can check the coins you want to stake or have masternode for that matter. Check the official thread they have to see if there's guidelines, if not ask some questions as each coins have different set ups and different amount needed to acquire a masternode. Also you will have a chance to talk to the developers directly and you may ask questions regarding it. |
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I don't have too much experience with Ethereum or tokens but here's my view. I just moved from MEW to Metamask and it's so much nicer to use. I was using exodus for eth but it doesn't support enough ECR-20 tokens so I went in search of something that did. I don't want to pay the daft ledger nano price so Metamask is my choice atm and I like it.
Metamask adds extra protection than merely using MEW, or having passphrase as a way of opening you MEW. Some incidents happened that MEW was compromised, in the sense that websites were made to re direct you to fake and phishing websites. So i'd say for ERC-20 tokens, metamask is a better choice and you can handle multiple eth wallets too. |
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I currently have 5 ETH. I should buy an ICO. I need advice from you. please give me a list of trusted ico
You may buy ICO's with your ETH, or you can buy cheap alts that are being listed right after ICO. If you want to invest in ICO, be sure to spend a good amount time researching the team, the project and what they are offering, and also check the community if they have a strong support. |
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Good Day guys, just searching for an alternative way to invest my money to,
so the question is, is buying new listed token(token that just ended ICO) to an exchange profitable? do many of you do that? would you recommend doing that? or should I buy on their ICOs?
Yes, most coins fresh from ICO are always profitable, as most of them goes down below ico price. If you choose a good coin, it has a big potential for growth and the marketcap will always be low by then unlike big market cap coins. |
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KUCoin has decided to force KYC for every of it's users. In an attempt to remain as one of the most trustworthy and transparent exchanges in operation, KuCoin will start enforcing KYC checks on users. This measure is to ensure KuCoin remains compliant with the developing regulations in the crypto industry. Forcing KYC was the one of the reason for once number one exchange Bitrex to move down to 7th position at current time. KUCoin is not even in top 30. What will be the effect of such move be on the exchange and cryptocurrency overall? https://news.kucoin.com/en/kucoin-will-enforce-kyc-for-users/KYC on kucoin though is not compulsory, it is only if you want to use fiat gateway then you will have to do KYC. But yes i agree, kucoin announcing KYC and in a vague type of announcement had a big negative impact in the community. I understand it's being compliant and all but most coins in kucoin are fresh from ico, and most traders there are small time traders trying to get their hands on cheap alts, that move will make more people move to decentralized exchanges. |
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I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?
This really depends if you have extra money for investing. And if you don't then selling things so you make an investment. For me it is a yes. I would sell things so that i can invest. And when i grow my investment i can always buy what is needed. So in a way it is a business move. |
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Greetings! I am planning to invest $5,000 in cryptocurrency but I do not know how to invest. And where should I invest? - in Bitcoin, in alternate cryptocurrency, or in ICO? I’m asking for an investment strategy for professional traders or investors out there.
If you are really serious in investing i suggest that you buy a mining rig and do some research so that you will Know what you are in for. Then after you setup your mining rig tye rest buy bitcoin. Now is the perfect time to buy bitcoin as the price is still low |
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When bitcoin was 6k+, people were in a panic, and they wanted to sell it. And when the price of bitcoin soared, it was an interesting phenomenon that people were going to buy it again.  These are the people who invested their money and do not know what they invested in. They do not know what bitcoin is and just following the hype. When fud hits and price drops they panic and sell. instead of hodling and wait for the price to climb. |
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Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?
It is better if the government considered bitcoin as a legal currency as it is globally used already and it eliminates people hiding from the government about using bitcoin as an investment or work for daily needs or for payments or for anything legal. |
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