Although Everything is good and working fine on their site. You can mine and withdraw coins their but if you are looking to buy some hash power from them then beware. I doubt that they have any Mining farm to mine coins. According to me what they are doing - They are providing Hashrate, but there is a term which clearly states that the mining contract will void/canceled if the mining won't able to cover maintenance fee for 3 consecutive days. And the probability of this is very high in future due to rise in difficulty and price fluctuation. So, if someone starts mining with them for a lifetime term he won't able to cross breakeven due to this rule and the company have not to pay him anymore and make a profit on it without mining anything. If we analyze then on 7 points taken from https://bitcointalk.org/index.php?topic=878387.01) No public mining address / no user selectable pool. 2) No endorsement from any ASIC vendor 3) No relevant pictures of their hardware and datacenter 4) Open ended IPO / fractional reverse mining risk 5) Referral programs and social networking 6) Anonymous operators 7) No exit strategy From My Side  No buying limit on orders. They fail on 1,2,3,4,6,7 and 8 all these points and that's why I think they are running an obvious Ponzi scheme. They have made with such terms that they can run the Ponzi for years and won't get caught, even they can take an exit without a problem if they want due to their rules. And no one is able to prove anything. Buying hashpower on Minergate is not recommended until they come up with solid proof of mining operations.Mining with your equipment like CPU/GPU and others is recommendedRef LinkNon Ref LinkYour Views are Important to me if you think my speculation is wrong please inform me asap. Most (that is more than 99%) of the cloud mining sites are just scam. They run ponzie scheme. Pays users with other users money and once users starts to trust them deposite huge amount of money, they just run away with those. All the points you mentioned are fishy and they directly spells the word scams. Point 8 is actually what gave them away. |
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What is Bitcoin Gold? You should start by telling that to people.
It "might" be another alt coins after a split that is, a hard fork takes place which is scheduled to occur on November. It's like bitcoin cash, but has different mining algorithm than bitcoin. Don't think this one is actually going to be successful. |
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We can expect to see the price crossing more than $5000 within the end of the year. The market was affected by China's decision and we have seen the price recover back to its almost original state. China might now again let crypto currencies be freely traded after issuing license to the exchanges. This might cause another boom to the market.
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Some ICOs apply investment limit per person, that can stop some whales from dominating the coin supply, in addition, dump might bring more holders, not bad for long term vision.
And how do you think they are going to regulate the users? It is quite simple to spoof your ID or your location or your IP. Just a matter of time and even simpletons knows how to do that. The can make multiple IDs and invest more. So it's the same thing.
ICO token companies can enforce a a rule such as not dumping all of them. They should be enforce limit dumping in that way the crash does not happen all of a sudden. Limit dumping putting 10 % per day dump like stocks so retail guys like me would not get hurt with all our savings gone.
Steemit actually has something like that, where you can't withdraw all your coins and dump it. You can only withdraw a percentage of your coins overtime. Same thing can be implemented in ICOs. |
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For a total cashless society all must have access to the internet for the flow of crypto currencies and transfer of the crypto currencies from person to person. I think for providing free internet access to each and every person on planet Earth the government could show up but theb the government would start taking taxes from every transaction. The main point is still there is a very long way for us to go to even think of a total cashless society.
3rd world country can not even feed their people, let alond providing free access to every person in the country. When other country goes cashless, it will badly affect countries that have to access to the internet. They mind suffer to an extent that they won't be existing any more. |
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The Venezuelan people are suffering under high inflation (official inflation rate is 124%, inofficial rate is 720%). Why do they not switch to Bitcoin or alternative coins? Do they not know about Bitcoin or do they do not have access to Bitcoin buying options? This is really a mystery for me  I've just read a news about it today. In Venezuela one can end up in jail for bitcoin mining. So most of the miners do not really stop instead they take the risk and hide their identities or else their families will starve. This country is in poverty but still i dont know that the government is doing for the betterment of their people or atleast to ease the problem. I don't get it, why do they end up in jail despite mining being legal on their country? Read somewhere that they get accused of terrorism, internet fraud, crime and what not lol. Also read that someone had to bribe the cops $1000 for each mining rig he owned. Had like 90 of those. Thats really stupid lol. |
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If I have a lot of bitcoin, then I will make the bitcoin as a capital for trading, and the profit I get from trading I spend to buy the things I want, so my bitcoin is not reduced and I can still have fun with the profit gained from the bitcoin
Quite easy to say but extremely hard to execute. You are assuming you will be always making profit from trading, which to be honest it not so easy and you won't always be making profits. There might be a time where you do a very bad investment and you end up losing a loads. What would you do then? |
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I have made 30x in 6 months by investing in one ICO which is the largest % gain I have ever made with my crypto investment in really short time.
I lost almost 90% of my investment with one shit coin during my early days of trading which is my worst move/trading.
This is how ICO’s take your money upwards. Investing in the ICO is nowadays a common practice by the Cryptocurrency traders. ICO has the potential to grow your capital invested a lot but not all the ICO’s will do that to your funds. There are some that drowned many traders investment, also the ICO sometimes are scams so you have to evaluate and identify the real business people and the scammers before you put in your funds. ICO’s are trendy nowadays and are widely used for funds collections in digital currency market. They are easy to participate and have almost instant results as compare to any other business. Correct that way before possible investment in some ICO (that are pop up every single day) is hard research. But with so many of them coming is becoming really hard to pick one or even to try to get involved in some. Little time to research and not to mentioned if placing some coin that can end up like scam. Not many ICO are successful but when you got the right one you can gain more then this 30x money invested. Most ICOs are actually scam. Just a pump and dump scheme. Most ICOs don't even have a working platform. An easy way for the scammers to make some quick money and run away. You will need to do a lot of findings to get the right ICO and invest on it. Just the whitepaper won't help though. You will need to look who the developers are and is the project worth investing on. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yeah it is risky to turn all your money to bitcoin. The price of bitcoin is extremely volatile. You can't predict when the price will go up or when will it fall. If in any case the price goes down, but you need to exchange your coins, you will be facing some loss. But if you won't be withdrawing your coins for a long time, then it is better to store your money as bitcoins instead of just keeping it in the bank. |
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You should always buy when the price is low and sell it when you think the price has reached its highest peak to maximize the profit. Or you can just buy anytime and keep holding the coins since the market always tends to go upwards. Always keep your self updated to the news.
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or banks can adapt and accept bitcoin and altcoins  Don't think they will ever accept bitcoin. And if they do accept bitcoin, what will be the use? Will you store your coins on the bank? If you do so then you no longer have your financial freedom, which was on of the main aim of bitcoin. Banks might make their own digital currency, which will be regulated and centralized. |
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For me i do is just sell it when i know it will dump more and if i know it will just dump small and will pump a big amount i will hold and later i will sell
If you know that it will be a quick short dump and then the price will start to recover, then you should take advantage of it. Follow the classical rule. Sell when the dumping is about to start. When the price reaches its bottom, start buying with the money you got from selling your previous coins. Again when the price reaches its top level start selling and make an exit with your profit. |
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money is not everything but without money we can not live, but money is not everything. health can not be bought with money and happiness can not be bought with money.
But if you have money, you will have a better chance of improving your life. Without money you are going to die in agony, but with money you will have the chance to survive. And you actually can buy happiness with money, at least you can try to. But without money all you will have is sufferings and sorrows. |
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in my personal view. I can not predict the future and say that Bitcoin will keep rising in price. But one thing is certain, people who have been patient and who have been holding Bitcoin for the last months and years, have not been disappointed. Obviously, it's not easy to hold, this requires planning, strategy, discipline... but if efforts are put into the right thing to do, the financial returns can be rewarding. Its not bad to try to invest bitcoin now its the same with banking if you want to save some of your money.
The price will keep on rising. See the economical market rule. Each day bitcoin users increases. But remember the amount of coins that can be mined is capped. So as user increases the amount of bitcoin won't increase (assuming all coins are mined) so the price will increase since there will be a demand rise. |
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I think for bitcoin to be a real currency, government have to accept it first.
So I ask what country do you think will recognize it as a currency?
Bitcoin is actually a real but digital currency. Why do you think that government should accept bitcoin for it to become real currency? As long as we use it as a form of paying for goods, it is a "currency". Japan recognizes bitcoin as a legal payment method, and other countries will soon follow. |
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I predict until the final of 2018 Bitcoin will be equal to $10.000. Right now things are not clarified with China and also different popular rumors are influencing bad the price.
There was news that big companies like Amazon will accept Bitcoin as payment method. If that is going to happen the price of bitcoin will explode.
The issue with China is already over. We saw how it affected the market and how quickly it recovered to almost its initial stage. Japan now took over the trading volume. And bitcoin once again proved that it is a global currency and no country can control it. We will see more fluctuations and volatility in the upcoming days though. |
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If you have a lot, it's a really good option to invest in some really promising ICOs.. but also, when you invest your money, you need to be ready to lose some and you definitely shouldn't invest all your savings in it
Investing in ICOs is actually a bad idea. Most of the ICOs are just scam with pump and dump scheme only. You have higher risk of losing your investment, than holding it and making steady profit. Even though if you do invest on ICOs, make sure to do enough research before investing. |
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Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
Bitcoin is a global currency, which means it is not a currency of any individual. Since it is a global currency, it can lead the global economy. On the other hand, we the people have power over bitcoin, thus if bitcoin controls the world economy, it means we are the one who are controlling the world economy, thus removing any influence form individual country on manipulating the economy. |
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Hey guys,
I don't get what's holding us back. Every time I talk about crypto with a family member or someone at work their eyes glaze over.
I feel like I'm the weirdo talking about klingon mating rituals!
Which makes me wonder - why are we still on the fringe? What could we do to take blockchain technology and make it accessible for everyone?
Anyway, that's my rant for today...
What do you think?
It takes time for someone to get used to with new technologies. Give them some time. Next time they try to buy something online offer them bitcoins and show them how easy it is to things with bitcoin. Don't go into too much into details as they might end up losing interest. And always try to keep it simple. |
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What can you say about bitcoin that pumped into 4115$. Do you think the goal of everyone for bitcoin will reach its value into 5000$ this 2017?
according to my research, bitcoin price is breaking its resistance level and if trading volume in South Korea, Japan, Europe and the US hold up. So it means there is chance to reach everyone's target. But there are factors that also affects bitcoin like in china, because the bitcoin industry on that country is over.
The China story is already over. The announcement has been made weeks ago and people are done panicking. We have already seen its affect on the market, and the market has already recovered since then. We are hoping to see 5000$ USD before 2017 |
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