Number one rule is to study a group of exchanges and see the ones that have never been attacked by hackers.
Hacking is inevitable. But if proper steps are taken, it may slow down the process. But you can't blame the exchanges if they fail to do so as they are humans too and can make mistakes(not talking about those shitty exchanges where they stage a hack), though it is their sole duty to keep the funds secure. I started with coinbase, then gdax, then tried the usual famous bitterex and hitbtc.
Nowadays I use mostly asian exchanges like binance or huobi, the reason: - more coins - new coins released frequently - better fees - many new contests happening
I don't like the fee system in binance. You will be charged more if you don't use binance to pay for your fee - pffft. And their withdrawal fee is more horrible than their laggy interface. I know its a good exchange but they should take steps to fix those.
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People starts to learn about financial matters naturally. They come up to them when the time is right. Giving an extra education on financial matters will just boost up their chance to survive on the competitive market. Nonetheless i don't think one should give his child financial advice through out his life, rather the child should learn on his own.
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The legal status of Bitcoin and Crypto currencies are still a hot debate to date, few counties are accepted and few countries are saying it is not a legal. But I hope a step can be forwarded to legal the crypto.
It is not a hot debate. Only few countries (around three to four) in the world has declared bitcoin illegal. Whereas other countries deny that bitcoin is a legal tender and not a real currency. Just saying that bitcoin is not a real currency does not mean that it is illegal to use it. Its just the government who does not recognize bitcoin as a real currency.
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Decentralized exchange is what we need for crypto currency trading since decentralization is the key feature of most of the crypto currencies. If the exchange is centralized, then it is more like storing and using your FIAT bank accounts. People use crypto currencies to avoid bank, then why would someone use centralized exchange?
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Most ICOs are just scam and shit. That is why you should avoid ICOs (unless they are extremely legitimate with active developers who are building a project that have very good potential) at all cost. You are just wasting your time for (some dusts to be) promoting shit stuffs and encouraging more of those useless ICOs.
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Do you think Bitcoin can help out of school youth to finish their studies or not? For me in some other way yes it will help . It will help young people to gain insight on how to earn money and how to value the money they earn. But it may also be the reason to them for not continuing their studies because they earn already a lot of money on bitcoin..
Most people who think in your way are the ones who are joining the forum for just signature campaign and bounties. Thus most of them end up spamming the forum. People could still earn money even before bitcoin existed. Bitcoin has changed nothing on the market. Its still the same. And by saying "they earn a lot of money on bitcoin", if you mean that by investing they are making profit, wait till they suffer a huge loss. You will see them running ten miles far away from bitcoin.
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By destroying bitcoin, did you mean that destroying bitcoin from the current supply? If so, then it is actually not possible to remove/lose/destroy any amount bitcoin from the market and total circulation. Again by destroy, if you mean the existence of bitcoin then the answer is also no. No one can stop the existence of bitcoin but can make it valueless.
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You should avoid Yobit like I personally do. The exchange itself is very fishy and most of the coins found over there are just some shitcoins ready to be pumped and dumped. This isn't the right way to report a scam in forum. By the way, did you try contacting support and see what they have to say?
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Hi guys , Some of my friends are give me some ideas about Trading and Investing.
But i've some doubt which is better in that. What is the advantage and disadvantage? Because I want to focus on one at a time for generating source of income coz my funds are limited.
Can you give some of your useful ideas? I'm a begginer. I need some help. Thank you!
Trading is a kind of investing. Here when trading you will be investing for a short term. While your other option is to hold them for a long term. Trading might give you huge profit in short run but is associated with more risk. Again long term investment won't be giving you huge profit but is less riskier with a stable profit in the long run.
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What do you think of the pump & dump? I found this website (cryptopumps .org ) launching a new channel on telegram. They seem honest, I cannot wait for March 1st
Don't join such pumping and dumping groups. High risk of losing all your assets/money. The group will be using you and others to pump up the price. Once the price goes up the whales will start to dump the coins causing the price to fall. Only users who makes a quick exit will make profit from it and rest of them will suffer.
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I don't think that will be happening any time. There might be fewer crypto currencies that managed to survive the market and with unique features. But they all will prevail the market and be used side by side just like gold and silver. The chances of only coin dominating the whole market is low since that one coin will not be able to give all the features available on other coins.
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I think NEO coin has so much potential..It is growing so fast...In fact, So many ICO is using NEO. It's known as the Chinese Ethereum but because of the Chinese ban on ICOs and cryptocurrencies, it had a very hard time. Now Chinese government allowing ICO with NEO based.. Also I think NEO will take a bit of Ethereum's market share for new ICOs since it's a trusted platform..In the last of 2018 I think it will fight for the first altcoin place with Ethereum..
You can not single out a coin and say it is the best coin. Each coin has its own use, feature and characteristics which may not be found in other coins. Again the value itself does not determine the potential of a coin. The potential can be determined by its daily use and strong community. NEO indeed is a good coin, but that does not mean that it will beat Ethereum.
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For me its yes to regulation of bitcoin because its can be legalized to goverment but in the other side we need to pay taxes
Why do you think we need regulations to make bitcoin legal? Regulating bitcoin means making it more centralized and the government having power over it. This is not what crypto currencies were made for. The more the regulations, the more you will be losing the freedom of your own money. Government control, bank, taxes, regulation etc. - none of them goes with bitcoin.
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Well do you expect a service to be free? Please tell me what service is free in this world. Of course you will spend money paying to get your currency halfway around the world. Also you can't boame miners they don't make the fee the users do.
Who said they are doing it for free? They are already get rewarded for each block they mine and the fee the users pay are just some extras for them. Fees would be needed later when all coins get mined though but not right now.
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You can sort out coins that have high chances of skyroclketing in price. Look for coins that have very low value and also low total supply along with market capitalization. The lower the value and supply the higher the chances that the price will skyrocket given that the coin has high potential with a strong and active community.
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i am from Egypt which is a poor country with little income. can't buy bitcoins or even start by investing or trading or joining signature compaigns. so how can i win free Satoshis BTCand begin my way in crypto currencies?? can any body help me how to start ? thanks You don't have to own one full bitcoin as an investment. Try buying smaller fractions of bitcoin from your savings. And keep adding more coins to your portfolio. Eventually you have have a nice profit. Nothing is free in this world. Bitcoin is a form of money and no one gives away free money. You can try selling your skills here for bitcoin though.
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Yeah currently people are more interested in buying crypto currencies rather than mining them. The trend is to invest on different crypto currency and hold them for a long term. When it is the right time, they cash out for their profit. People are also blindly investing on ICOs to get quick profit but fails most of the time.
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I stumbled over a few accounts, that post in local forums (German, Spanish, Korean etc), but it is obvious that they don't speak the language and that they used google translator, why do people do that? What do they stand to gain?
They are just farming accounts. They post over there so they can boost their post count and that becomes less obvious for other users (since the users may not understand that language and thus will ignore it), so the posts go unreported. Just report those accounts next time if you see them using google translator to post.
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Are you looking for coins that are undervalued and the price hasn't boomed yet? If yes, then i would say that Stratis won't be a good choice. The price of stratis was undervalued for a long time but did match up its value by rising multiple times it actual price. Just look for other promising coins which you think is undervalued.
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I'm not sure bitcoin bubbles, more and more people are using Bitcoin then bitcoin is getting tougher and may not fall. If down is normal, maybe just a correction. just look at the current prices have improved. You are not considering the fact that most people are buying bitcoin as a form of investment and to store their assets for a long time. So saying that the price will not fall and keep on rising is actually wrong. People will eventually sell their investment/cryptocurrency to cashout their profit which will cause the price to fall and dramatically recover when they start to reinvest.
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