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There are two routes you can take, being an investor looking to get into crypto
and have a medium to longterm outlook or you can be a trader looking to increase
your holding on a regular basis by buying and selling at opportune times.
As an investor the projects to go for are the longer established coins in the top 20
on counmarketcap.com and as a trader you could get into newer low priced coins
which have a chance to grow fast and with big price fluctuations.
All this takes a bit of research and time.
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Some good advice I recently acquired was to find something which provides
a passive income rather than a fixed wage for instance.
By passive income i mean something that is earning me funds while im asleep
or while i am working a day job and when im finished work.
2 things spring to mind in a crypto sense, mining and owning masternodes.
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Im not so sure the information is extensive enough, it is as the site title says
It seems opinion based. Some of the information is available on everyones
favourite site coinmarketcap.com
One thing I do like howecer is the news headlines for whatever coin you are
viewing. Overall I suppose it can be put in the toolbox and used by traders
and investors with other tools.
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Litecoin is for those who look for stability, but don’t expect it to grow at a high pace like Ethereum or Bitcoin. You can’t invest in it expecting it to increase by ten times. It may happen in theory, but it’s not that probable. Litecoin doesn’t get the media attention, and the latter is important, believe me. Litecoin is more accessible for miners, so it can be a good approach for you.
As crypto goes its very stable and according to this report it is gaining more popularity in Japan. https://www.newsbtc.com/2018/05/29/iota-eos-tron-stellar-litecoin-price-technical-analysis/"In Japan, six more cryptocurrency exchanges operating through Tokyo Stock Exchange listed companies are ready to list the top three cryptocurrencies and Litecoin." Litecoins stability IMO is a reason why it doesnt get as much attention from traders and investors. It is rarely suggested when someone starts one of those "which coins should i buy" type threads. |
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I think its virtually impossible to eradicate scams in general in crypto and in ICO's.
How will a website or lets call it a screening process determine if a project is a scam
or not, nobody can predict the future.
For example there was a lot of negativity around QTUM last year on its startup and
look at it now!
Qtum as an example if it was rejected by this screening process may not exist as it
could have been deemed a scam.
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My concern was high energy consumption with smaller rewards and the POS
mining getting popular but with all the comments here its clear that energy
is not going to be a concern in bitcoins future. As in general terms energy
generation is moving slowly away from fossil to renewable the energy bitcoin
uses will be from green sources. I guess the issue has been blown out of
proportion in the media.
Thanks for the replies.
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I think a crypto news site would be a very competitive area to work on.
It would certainly put your SEO skills to work.
The ICO review site could be beneficial but who would conduct the reviews
ans would they be reputable reviews. I would imagine it would be time
consuming based on the amount of ICO's being generated.
If I would choose one I would suggest an educational ICO based site,
news is too competitive IMO.
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all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:
2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
once you grasp that mindset. people can learnt to chill
Correct, those numbers speak for themselves. I wonder if this time next
year they will look something like this?
2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately
A lot of young people, many not educated enough in what crypto market means, were caught by FOMO and bought Bitcoin. Many of those have lost money (actually they'll lose money only if they sell) or at least have found their dreams for getting Lambo in a month shattered. And now they are lost and crying. A lot of young people are paid to cry in various ways to give the impression that everything went wrong and people have to sell - or buy - depending on what the master of puppets demands. It's market manipulation. The result is that many are acting bad indeed, but that's only a minority imho. A vocal one, clearly, still a minority.
was not going to be an end to the crypto climb and the key is the loss will be
actual if those expensive bitcoin are sold.
I fear though that a lot may have been bought on credit. |
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In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH. The amount of threads spreading FUD and negativity are growing the longer bitcoin fails to deliver the great expectations of some people. It seems to me that the fact bitcoin reached $20k there are people acting like spoiled children who demand their wants immediately and so are willing to throw the toy out or smash the sand castle because their wills are not met now. There are times when we need to visit the whitepaper to realise what it was all invented for and to have patience. https://bitcoin.org/bitcoin.pdf |
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update:
I've just lowered the service fee maximum range,
using the mixing service is now slightly cheaper.
Fee will decrease even more as user base keeps growing,
also deposit transactions are now detected faster for both btc/bch.
Have a great day and enjoy,
BitCloak
Good news which is very notable as this shows that development is progressing and also the project is treating the customer as very important. Im surprised there is not more activity on the thread though? |
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I havent heard anything of this in the news articles and im not sure
if abandoning the euro money will result in an uptake in bitcoin.
In the cnbc link the report states:
An incoming populist government in Italy may no longer be looking
to ditch the euro currency
That will be a government backed decision and they will not accept
a crypto alternative.
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I also think it smells a bit fishy! but it could be a very basic copy/paste
mistake. Everyone knows if you want to withdraw funds from an address
you are not going to provide that same address.
Its either that of checking out your platform, Can you not ask him to provide another address?
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This is ridiculous, this thread is going to turn into yet another "who is" one.
the only thing a statue can represent is a bitcoin symbol! it cant be a guy,
it cant be a girl because WE DONT KNOW
Great publicity though for Bitcoin in Kiev at least
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I have seen this a lot over my 12 months here on BCT where i particular coin
gets a lot of attention, the big one really was Ripple but not so much now.
I am witnessing a lot of threads about ETH, Why is that? What speculation is
driving the attention?
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This is no surprise, the 4th industrial revolution is happening and you dont have
to be friendly to blockchain to acknowledge it.
Along with blockchains, artificial intelligence, 3d printing, nanotechnology and
bioengineering are all making gains to add to the revolution. It looks like this
has been happening for a few years now.
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This is very good news, its actually positive news for crypto generally.
The philippines can be added to a growing list of fintech and crypto
friendly countries along with most notably Japan, Australia, Spain,
Switzerland and Estonia.
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In most neutral countries i suspect crypto is treated as an investment and
with investments you pay tax on profits. I think India realise bitcoin and
crypto can operate with whatever ban is introduced because they cannot
control it, So they realise they can earn some taxes from people transferring
crypto back into FIAT.
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The way i see it quantum computing is an evolutionary thing. The power of
hacking will increase with the power of encryption and protection.
Do people think quantum computers are only going to be available to hackers
and for people to do negative things with?
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No never heard of it but it wouldnt surprise me because scammers are very
resourceful and can be very believeable.
As pursurer posted if you give out your details be sure they are stored to be
Used for "marketing" later on.
One of the first things i learned on this forum was not to trust anyone especially
if i didnt know of their track record. If I got a call from anyone promoting
Bitcoin or crypto I would play ignorant and pretend I dont know what they were
talking about. Anyway there are only my immediate family and 1 friend who
know I have Bitcoin and crypto.
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I think this is massive and its something i would like to be able to do.
I didnt think i would see this happening and it brings bitcoin and crypto
closer by a small amount to being mainstream.
We do need more integration in order for bitcoin to be used more as
a currency.
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