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It's never not too late to start with bitcoin or any other cryptocurrency. I know that mayn think only early adopters were priviledged ones but there are always oportunities to make profit. Cryptocurrencies are actualy very young technology and there is a lot of time and space for further develeopement that will bring new chances so everyone can join any time.
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Don't know why but it seems that some people would like to see bitcoin being replaced by some other coin. To my opinion this is not going to happen. Despite some good altcoins on the market I don't see any who could take this place. Diversity on the market and variety of altcoins is good, especialy for investors but bitcoin will remain at number one place.
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Btctalk name: BingoDog
Rank: Hero Member
Current Post count: 1441
BTC Address: 1Pq7yw8fi5HBjLHK5iJwX6DpG7WYDdKU4n
Will add signature if accepted
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Don't believe in that, looks like one more conspiracy theory. When people don't know how to explain the price dumps such theories appear but they realy don't have any solid ground.
There is nothing unsual or suspicious behind this price fall so O don't think this story about so called cartel is true.
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I'll stay with bitcoin, it's still my first choice. I'm not saying that Etherum is not a good coin, just the opposite, but still I don't think it can achieve the value and popularity that bitcoin has. And it will be not so implemented in real life.
But Ethereum is a good choice if you want to diversify your investments.
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Depends on your position. At what price did you buy bitcoins and what is your long term strategy. If you estimate that you are in bad position and the price is much lower than the price you have bought your coins the best thing to do is to wait for the price to recover. Don't sell you will only make the situation worse and don't check the proce all the time, you will just have additional pressure.
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I think that day trading is one of the most demanding forms of trading that takes a lot of knowledge and experience. And time too because you ave to be present on the market and multiple exchanges all day otherwise everything could go wrong. It's risky too and it's not for everyone, especialy not for beginers so maybe it's better to choose something else.
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Everyone makes the decisions for himself and has its own reasons.
It's stupid to sell if by doing that you will lose, if you don't have enough patienece to wait for the price to rise but if you have some justified reason it's another story. It can't be called stupid without knowing the background.
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We all knew KYC was coming to exchanges, and well, this is it.
I've received an email from Bitstamp yesterday. It took me to a form which asks me, among other things, how much I'm making each year.
I don't like it, and frankly, I don't understand it.
I sure understand that banks want a lot of information when you apply for a loan, but I find it shocking that Bitstamp, an exchange which I've only used a few times (Bitfinex, Poloniex and Kraken are my favorite trading places), ask that kind of information. The other exchanges I'm using haven't asked anything, so I'll probably close my Bitstamp account.
Then, what does Bitstamp wants to do with my data? I believe they're based in the UK, but I'm not British, and I've never lived in the UK, so what's the point of inquiring about foreigners? Will they pass my data to the country which granted my passport? I've left that place years ago, so it makes no sense...
Regulations related to KYC and AML are very strict. And they apply to exchanges too. They deal with fiat money lso, don't they? It's nothing aimed against cryptocurrencies or exchanges, although many would interpretate texactly like this, but it's an obligation if you want to run a legitimate business. I'm afraid you don't have much choice, take it or leave it. |
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I wouldn't say risking but investing. I mean there is certain risk like with every other investement but investing in bitcoin is still the most profitable one and it's worth your time and efforts.
Imposrtant is to have some realistic expectations and goals but if you think you will become rich person easily then you will end up disappointed.
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I think creation of bitcoin was inevitable. The digital development and new technologies, new mindset of people regarding banks and traditional economy made the conditions for bitcoin to be created.
If it wasn't called bitcoin maybe would be some other name but cryptocurrencies were ment to be made and this represents another level of human society development.
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I don't believe there will be any kind of war between banks and bitcoin. What would be the use of it?
By now many banks have taken into account the new reality and now they are only trying to fugure out what coud be their part in it and how could they make their part of profit.
Besides blockchain is technology they are also going to implement.
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Why his sounds so familiar to me? Like I we'heard and seen similar stuff millions times before. And always in moment when the cryptocurrency market is mostly in red.
So predictable.
Everyone has the right to believe what he wants but using Galieo for such cheap interpretation is too much for my taste.
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Bottom of what exactly?
I don't see this price correction as nothing else but another usual volatility process. Price is changing all the time and it can't be in our favour all the time.
It can always go lowe but it's impossible to predict if and when this will happen so I suggest not to bother with that too much. Personaly I think the price will keep moving somwhere between 7000$ and 9000$ for a while before it moves forward again.
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This story of panic selling repats all the tme but this actualy doesn't make me happy. This does no good to the market and to the price and over and over again I have the feeling that people are not learning anything form the past experiences.
Also, we see that market is changing quickly, price can go up or down in a moment and just the few hours that you sell the price bumps up again ad you are sorry. People, don't make decisions with your heart but with your head.
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Btctalk name: BingoDog
Rank: Hero member
Current Post count: 1423
BTC Address: 1Pq7yw8fi5HBjLHK5iJwX6DpG7WYDdKU4n
Will add signature if accepted
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I've been using Myetherwalle for more than a year and absolutely accept this wallet. The alternatives for getting tokens, so far I have not found ETH. On the mobile device I use the purse Jaxx, the main advantage of which is multicurrency. It supports about 30 coins, which is also very convenient.
This for mobile device looks interesting to me. It seems to be convenient and especialy because of multicurrency, that is something I'm looking for so will try it based on your recommendation. |
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