I know that there are many kinds of alternative coins existing today, but is it better to have that many coins instead of having just a few? What are the benefits and harm in having that many alternative coins?
It is way much better to have few alternative coins rather than having shit tons of alt coins. Select some good legit alt coins that are undervalued and has potential and spread your investment among those. Spreading your investment helps you to reduce your risk and sometimes balances out your profit and loss.
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Now all the markets are crashing down and I don't know what to do with my altcoins. My briefcase fell 30% in a couple of days. I'm afraid I might lose more. Selling or hodl?
It is all up to you right now. You invested, you decide what to do. Follow your own instinct. Do you think the price of the coins you invested on is going to recover and start rising again? If yes, just hold and don't panic. But do you think the price won't be going up anymore and is now on the price it should be? Then sell your investment and start investing on other coins that have potential, else you will be missing out the opportunity.
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The latest news is that the US government is look closely at Bitcoin. A number of governments such as Russia and China are also planning to issue their own digital currencies. They clearly see a financial threat from Bitcoin.
What do you think? Can governments kill Bitcoin and replace it with their own digital/crypto currency?
Bitcoin and most other crypto currency works using Peer to peer protocol just like how torrents work. Every user has its data and shares it through out the world. No one controls it and is totally decentralized. Even though the government is trying hard to stop piracy by taking down torrent sites, do you think they are being successful? They take it down, and then the site goes back up again in few days. Now compare and think about bitcoin in the same way as torrents.
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I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).
So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?
I am pretty sure most of the people over here are in just for the quick profits they can make, not for the features provided by bitcoin. That is why you will keep on seeing people nagging about the price when it starts to drop. Little do they know that, if they start using it for buy regular stuffs, the price itself will start to go up since more people will start adopting bitcoin.
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Maybe you haven't learned a lot about bitcoins and other crypto currencies. If you did actually learn something you would never have asked this question. The price are unpredictable. If you are willing to take a risk, then go ahead invest as much as you can. Try investing on variety of legit coins which has potential. You might end up making good profit.
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Hi guys do you really think cryptocurrency, blockchain technology is in its developing, and adopting stage? Do you think too that in the future internet will be based in blockchain and cryptocurrency will be use in our daily life?
It is indeed on its infant stage, but unfortunately it is not being received kindly by the government and different financial institution such as the bank. They look at crypto currency as a threat to them and wants to destroy it during its infant stage.
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Like every parents want to leave something for children for their future.
Which investment is safe?
Bitcoin? Stocks? Real Estate?
Leave something that has certain future and won't collapse anytime. The price of bitcoin is unpredictable. You never know what is going to happen to crypto currencies, so there is no guaranteed future about it. Why risk your children's life? Best to save fiat which is totally risk free!
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Bitcoin collapsed down by as much as $ 1000 per hour and a similar reaction for the other altcoyins followed. What are the reasons for this is not yet known. Most likely the general unfavorable news flow. Applying sanctions to several crypto-exchange exchanges in Japan (until closing).
It not just Japan. Many other government for different countries are trying to suppress the trade of bitcoin and other crypto currencies by impose strict laws and regulations. Policies are being used to limit the trade of crypto currencies. China is now blocking access to sites related to crypto currency trading. All these are causing troubles to crypto currency, hence the price is falling.
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What do you think? Are we ready to go back UP or we will go DOWN?
Right now all i am seeing that we are going down and down in terms of bitcoin price but not popularity. Crypto-currencies gained a lot of attention in recent years . Fears of regulation is what bought the price of bitcoin along with other alt coins down. Right now the government are being more strict than ever.
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What is your experience in working for Bitcoin? Are you a freelancer earning BTC or do you work in a company that supports paying out wages in BTC?
what are the best places to earn Bitcoin as a professional? I'm interested because I would like to know if people at different places start work for Bitcoin more or more or still mainly choose fiat currencies? how is the situation in your country?
i'm interested in all perspectives thanks
Never heard anyone paying their employee in Bitcoin anywhere expect when doing jobs online. This is because its starts to conflict with different laws when paying in bitcoin in professional jobs. The price of bitcoin fluctuates a lot and can the fluctuation might cause the price to go low which might make the payment go under minimum wage. You best bet is to get paid in fiat and buy bitcoins with it.
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Why is China’s stance on bitcoin and other cryptocurrencies watched so closely?
The Chinese have a huge market and plays an important role in case of the price of bitcoins and other crypto currencies. The government right now is kinda being very harsh on those who use crypto currencies. They are imposing strict regulations like blocking websites that allow users to trade bitcoin or join ICOs. They are not anti crypto currency or anything since they are also doing trials of making their own crypto currency. Now if the government starts being normal or does anything that will affect crypto currencies positively we will see a huge price rise for which others keep a close eye on China.
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Where do you get your news about BTC? I am looking for a relevant and credible source of news, e.g. like cointelegraph.com (which I favor), but would like to have other opinions.
You can always use bitcointalk to keep yourself updated with latest news. People will eventually post about them and you can get different opinion from different users. Reddit might also be a reliable source of news. You can also try coindesk and bitcoinmagazine and lets not forget about crypto-news.net.
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hello i want to start trading is better bittrex or binance ? what type of documents they ask ? i think i will trade like 1000-2000$ every few days i want to buy 1000 usdt$ of BTC when price go low , and sell for 1050 usdt$ when go up is this possible ?
Heard that binance faced some issues recently and some shit coin got pumped up around x1000 due to some error or something. Not sure. Just go through the forums and you might find it. Bittrex is fine too, but binance has higher withdrawal limit for unverified user. But do keep in mind that none of the exchanges are safe to store huge amount of coins for a long term.
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Yeah, holding altcoins actually have higher risk than holding bitcoin. The price of altcoin fluctuates more thus increases the risk of losing money (or creates a way to make some quick profit, if you know what you are doing) when the price drops. Moreover the altcoin market is more saturated, new coins become a competition for older coins thus the older coins starts to die.
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If you are ready to wait a long time - one or two years, you can buy bitcoin right now. Or you can wait until the end of 2018 and perhaps you will be able to buy bitcoin even cheaper than now
How did you make those prediction? Based on what? You can't just go screaming around saying that the price of bitcoin will fall at the end of 2018 or say that the price will be higher after one or two years. The price fluctuates a lot and the prices are actually unpredictable. Whatever you do is filled with risks.
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earlier this year I tried to hold some coins and tokens but saw the market and the exchange getting downhill, what is the best move to sell it or hold it?
Depends. If you invested on some shitcoins whose price went up during a hype significantly and has now dropped, then your best shot is to get out and sell your coins as soon as possible to minimize your loss. If its a coin with good potential, then you can expect the price to recover anytime soon.
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anyone know why ETH getting down? is there any bad news on it?
You should know by now that prices of crypto currencies are not stable. The prices don't need any reason to fall down or go up within a given time. Events that causes price rise or drop lasts for a long term. But unusual drops are temporary and usually recovers within a short period of time.
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All crypto currencies which are not Bitcoin is considered Altcoins. Here Alt stands for Alternative. So they are alternative to bitcoins. Each alternative coins have different features and distinct from other coins.
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I have been holding some altcoins since January 2018, But then the market crush hard and I am not able to sell my altcoins because I am in loss with these coins. Even I invested in more established coins like, Waves,strat,Iota,wabi but overall my portfolio is around 40% down so far. When I am able to see profit? Holding them for long term is worth my patient? Dude, sometimes you will have to let go your profit and suffer some loss. Or else you will be missing the opportunity of making profit from some other coins. You might make loss, but you can eventually recover it by buying different coins which has potential and is under valued. You just have to take the risk. Thats it!
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I think it highly depends on how well you choose the bounties you participate in. They usually pay percentage of their ICO, so the more successful project you choose, the more you earn. The rewards can thus vary widely, probably somewhere between $100 - $10k per let's say 3-months running bounty campaign.
Don't you think the upper limit you stated is kind of exaggerated? $10,000 USD in three months, which is around $3,350 USD per month is kinda unbelievable. This is what an average american with a good job earns per month working full time. You need to be extremely lucky to earn this much.
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