As Bitcoin keep climbing and altcoin keeps going down, is it better to invest in bitcoin or altcoin now?
To make quick profit right now, invest on alt coins. But for long term profit go after bitcoin. Investors are right now causing a pump by investing on bitcoin for the up coming fork with the hope the the spin off coins that is bitcoin gold will have some value. |
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Hello,
It's a well known fact that cryptocurrencies are everywhere. Every now and then new projects come up purporting to solve a problem. But we all know that some are destined for success while others will eventually fail no matter the hype. Some are outright scams.
Is there any way one can recognise potential scam coins? Any way one can predict whether or not a project will succeed?
You will have to do your own research and get to a conclusion whether the coin is a scam or not. Look at the development team. If the developers are sketchy you might want to avoid that coin. You should use your own sense to find out if there is any pump+dump tactics taking place. Make sure the new coin offers something unique to the existing market, and not a rip off of some other coins. And always read the whitepaper and judge them in as many ways as possible. |
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I mean, is there an exact list of rules that could guarantee that someone who follows them will surely not become a victim of another ICO scam. Of course there are obvious rules like event participation, reputation of team members among ather prifessionals, approve by well-known advisors. But potential scammers also know all these criteria and know what to fake exactly. Is there a 'blockchain way' to create an algorithm, scheme or set of conditions allowing to recognise and ban scammers? Not government laws way which also good for the market in my opinion. Would be appreciate a link to an old thread, perhaps I just didn't find it. UPD Best Advices: - learn about previous ICO projects, select viable ones and participate similar ICOs
You should do thorough research before you start investing on those ICOs. Most ICOs are shit and scam, with pump and dump schemes. So you need to spot those scams using your own sense. Look for projects that are promising and provides something unique which is possible to be done. The team should consist of well known and renowned developers. If they are renowned they will have thier LinkedIn profile with a very good portfolio. Try to someone verify that they are involved in those project. Social media sites might help you in this case. |
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Bitcoin is a form of money/currency. So obviously the criminals may opt to use bitcoin to commit crimes. This does not mean that bitcoin is a bad thing. Before bitcoin they use prepaid cards to commit such crimes. We don't hate prepaid cards, do we? In fact prepaid cards are more anonymous than bitcoin and can be resold without any trace. It's just the government who wants us to hate bitcoin.
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Hi everyone,
I'm new to the bitcoin scene I knew about bitcoin for a while now but never tried to participate due to lack of money, so now that i got my first salary ever im thinking to invest/trade in bitcoin rather than buying useless stuff that i don't need.
I'm thinking to invest/trade litecoins because they are more affordable.
So how to start and where ?
Please do keep in mind that all coins are affordable. If you can afford lite coins, you can afford other coins too. You don't need to have one whole coin, you can buy fractions of coins and make profits from it. Do your own research about the coins before you start investing. There are too many shitcoins out there. Make sure you are investing on legit coins which are unique and has an active community. |
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Came across a site, which tried to upload Trojan to my PC. It turned out it was using my capacities for mining while I was at the site. What do you know about such sites? Do they do any harm to PCs? And is it profitable to mine by such means?
They use your CPU power to mine when you surf their website. Probably uses java script to run it. Never encountered a site where they use your cpu resources to mine without your permission, but I do know about a site where you can mine using your browser. They will just generate few cents but if the site has huge traffic those few cents adds up to thousands. |
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Russia will regulate bitcoin , but Putin did say he won't be imposing any rule which will create barrier or trouble for investors. So it won't be hurting bitcoin much. Same thing happened with China. After banning they did say they will unban bitcoin exchange and impose some better policy. |
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Getting a job is not possible for everyone, not everyone has family or [friends] to help them and sometimes they will make the bad situations even worse them. If you've ever really needed money and were very desperate, than you probably know that people would let you starve to death rather than give you $5.
It's weird how people won't toss out just a few dollars to help someone in need, yet they'll spend $10000 or more on their pet that has an average life span of under 5 years.
But then again, if you give the person in need money, they'll keep coming back for it. It's a real crap shoot
The person who has money actually worked hard enough (most probably) to earn those money. The beggar is just begging for his hard earned money. What makes you think that he will want to giveaway his hard earned money for free? No one gave him the money. He earned it.Thus he also expects the beggar to earn the money, not get it for free. Begging is not a job. And you said it your self, once he gets money, he wants more for free and keeps on begging. |
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It is indeed a rather new kind of money nowadays, it is surely the gold valuta of the internet, what governments and corrupt people say about bitcoin doesn't matter to me and everyone interested in cryptocurrency as a whole, why should we depend on those stupid people who only want to destroy bitcoin and improvement on blockchain, no matter what some people say bitcoin will be seen as money, price rocketed today and I will hope it will rocket as long as it exists.
This price rocketing and dropping, that is volatility is one of the reason why people are hesitating to use this virtual crypto currency. No assurance of stability. So more risks are involved when transacting using bitcoins. Confirmation time is also another issue which is associated with fees. And the price won't be rocketing but will go up slowly once stability is reached. |
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Despite uncertainty cause by ban in Chine, bitcoin price increases and surpass the iconic high of $5,000 USD. Robust bet from investors.
China banned exchanges and ICOs. We have already seen its effect. The price crashed very quick, but slowly started to recover and here we are now with the price being $5k++ per bitcoin. Bitcoin once again managed to proof that it is not a currency controlled by some fixed countries, rather a global currency. |
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Yes, Bitcoin is indeed changing the world. This powerful crypto currency open the doors for so many poor and unemployed people around the world to earning their living, and it is also helping the wealthy people to generate more income online. The blockchain technology is also a revolutionary movement in the this digital currencies world.
How is bitcoin helping a poor people to earn living? If a poor person has bitcoins, i don't think he can be considered "poor". He will need some good amount of bitcoins to start trading and make profits. And bitcoin is not solving any unemployment problem. |
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6 month holding life running with altcoin. I don't get any profit from altcoin. my question is really have any future for altcoin? I just tired with altcoin.please drop your suggestion.
thankss😭
You can profit from alt coin trading. But you must know what you are doing. Do some research about the coin you are going to invest on. Tons of shit coins out there. Separate shit coins from legit coins. Invest on those coin when you think is the right time. Hold them and sell them when price goes up. |
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If you gamble for fun and you are not a gambling addict, you don't have anything to learn. But loosing money and starting to regret - means you should never gamble, even for fun. The first experience must be enough to learn your mistake, but if you continue to gamble you will need help.
I never regretted from gambling as I don't gamble much and do it only for fun.
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I wouldn't buy altcoins right now, because I want to gain the new "Bitcoins" on hardfork in October and November. But if you don't care, it would be the right time to buy alts. They will for sure go up, after the Bitcoin "show".
You don't have to buy alternate coins using bitcoin directly. Use your fiat savings and convert them to alt coins. Hold them for a while and wait for the price to recover. Once it goes up sell them and enjoy your profit. |
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Its good that they educate the public about the dangers of Bitcoin but can't really agree about the limitation of freedom to make your own mistakes.
If you still think that Bitcoin is safe store of value think what happens when economic depression hits on. Stock market crashes gives you some idea. Mr. Market decides Bitcoins value so in no way can it considered "safe store of value". All it takes is one big whale to start selling and it may lose 75% of its value in an instant.
If a whale starts selling the coins, we might see price drop. But as soon as the price starts to drop, new investors will get an opportunity and start investing and join the game. This will cause the price not to fall down freely, balancing out the situation. No ways the price will go below 75% of the current value. |
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Because bitcoin is a good tool to get profit and hope to get rich, we all know that bitcoin marketcap is so big that even though many countries are banned but performance will continue to improve.
You are considering bitcoin as a media of getting rich, but missing out the real use of bitcoin. It is a currency which can be used for day to day transactions. The more users of bitcoin we have, the stronger will be the support of the coin thus a better price. And only few countries (less than 5 ) banned bitcoins. |
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In this case I do not really understand the bitcoin bank. But if that happens I'm sure bitcoin will be more famous in the future. Due to the existence of a bitcoin bank everyone would ask what is bitcoin. to transact and shopping using bitcoin will be easy.
You also do not understand the concept of bitcoin. Bitcoin was created as a decentralized currency. No single institution or a person will have control over the currency. But if there is a bitcoin "bank", then the person or group who controls the bank will be controlling the currency, thus losing its key feature. Your wallet is your own bank. |
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Hey folks,
Just a quick question for opinions on whether it is possible to mine at home or do you need some insane dedicated miner nowadays to make a few cents?
Thanks and best regards.
You will have to buy expensive mining rigs. Lots of maintenance and work to do. Don't forget about electricity bill. If you are living on a place where electricity is inexpensive you might give it a shot. Else don't even bother. All those maintenance cost and electricity fee will end up killing you and not worth trying. |
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All crypto currencies are a form of money which has value. Why would some one give away free money without any reason? You will have to earn those coins. Signature campaign is paying your since you are using their signature and avatar to advertise for them. So the coins you get is not free, you are earning them. And you are talking about ICO bounties. You just join them like you join signature campaign. They pay you btc + rewards you with some tokens.
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I sill have some Bitcoin Cash in my Coinbase vault waiting for Coinbase to add support so I can do something with it. They've suggested maybe by January. I appreciate their attention to detail here and their intention to do the right thing, but it's a long time to deny a customer their property which they technically have in their possession. What if Bitcoin Cash crashes by then? Coinbase customers would miss out on a significant dividend.
And how will they handle the Bitcoin Gold fork? Has anyone heard how any of the exchanges will handle the fork? Have any announced plans to release it or add support for their customers?
The surest way to participate in these forks is to keep your BTC in your own wallet with you holding the private key.
They did let you guys know that you won't have access and they won't support bitcoin cash way before the fork had happened and bitcoin cash was created. You could have just moved away your coins and saved yourself some trouble. But you guys didn't and started blaming coinbase. Should be glad coinbase allowed users to have access to bitcoin cash later though. They did release a statement about bitcoin gold. Check their blog. |
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