Bitcoin mining is somewhat similar to mining gold and just like Gold there is only a limited number of 21 million Bitcoins can be mined each time the difficulty of mining increases, for mining Bitcoins there is a need of good computers and a special to solve complicated arithmetical problems using cryptographic hash functions, the problem can be solved with high powered computers. As the value of Bitcoin rises the number of people entering into the Bitcoin mining is also increasing.
Now a days many people are found investing on Bitcoin mining rigs and farms like in China, America and so on for mining Bitcoins as much as possible, and Bitcoin mining warehouse are built in places where the electricity prices are too low, others also find alternative sources like installing solar panels, thermal energy and other sources to produce electricity where the countries electricity rates are unaffordable for mining.
If we put in a simple way, the Bitcoin mining is making money by preparing hardware and electricity. The hardware will work automatically and we do not need to do any work. We just need to set and clean the hardware so it is not damaged and dusty. We also have to control the temperature of the hardware so it is not too hot and quickly damaged. But nowadays, Bitcoin mining are very difficult because of increasing competition and increasingly difficult code breaking. You are very good at describing the Bitcoin mining with gold mining. Both are somewhat similar, if gold we need a variety of heavy equipment to do the mining. But if Bitcoin, we only need computers and hardware only. To be sure the Bitcoin mining is much cheaper. |
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Yes, Digital currency is a best to invest your money because bitcoin is constantly increasing in value thus, making it more trustwothy for its encrypted and disclosed information. Furthermore , investing your money will make you gain a thousands.
Bitcoin is excellent for being an Investment tool. That's because we can start investing from any amount. In contrast to land Investment or home Investment, we must have a lot of money for it. Land Investment and home Investment have certainty and the price will always go up, I never heard there is a house or land that cost down. But on the other hand, Bitcoin is not like home and land. Bitcoin prices can go up and down according to the existing market. So I must say that Bitcoin is a great innovation and the best idea for Investment for the middle class. But if you had more money, you'd better invest your money into more promising and sure things like home and land. |
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Maybe it is one of the reason why people encourage to join bircoin. For me you don't have to quit your job because of it.We will never tell what will happen next. But it is all depends on you,as of now we are that the price of BTC is stable and as a user of it it's a big benefit for us.
The price of Bitcoin not stable, if Bitcoin can stable its value, it did not increase from $4,000 to $6,000 within 2 weeks. What do you think about the speed of this growth? I think it is very fast and no asset or investment form can gives us a growth like Bitcoin within short time as few weeks. Yes, Bitcoin prices are increasing rapidly. But that does not mean Bitcoin is the best investment tool of all time. There are still many better investment tools than Bitcoin out there. Do not forget that Bitcoin prices can go down at any time, and we can lose. We also do not know when and whether Bitcoin will be destroyed someday. If you say Bitcoin investments can go up so fast, and you can profit fast, that's right. But you should know that there is also an ICO that can give up to 10 times profit in just a short time. And if you want to get a huge amount of profit, you should wait for several years with Bitcoin. |
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Btctalk name: mx667
Rank: Member
Current post count: 297
BTC Address: 1MdAKad8UreZFNyDzcMFX7CqYP2DRn3gFq
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Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.
There are still people who don't use or don't even know what is bitcoin even you say that it is open for all ages, the question is, it is afford by all ages? There is a probability that you will loose your online or offline wallet and it is hard to recover all the money worst you can't take it back unlike on cards you can still remind the banks for the loss of your money. But I didn't say that go for cards not to bitcoin, its just be practical according to your social strata. Cryptocurrency and ordinary currencies are two very different things. So I think comparing these two things is a hassle. Both have their utility, uniqueness, and superiority. I'll try to give an example, I personally use Bitcoin just for as an investment tool, nothing more. But I still use ordinary currency as a tool to pay bills and food everyday. I do not use Bitcoin for shopping because Bitcoin prices are always up and down. If I use Bitcoin when the price is going up it will make me lose. I'd better save the Bitcoin and wait for the price to go up. The problem about anyone who can use Bitcoin, I think everyone can use Bitcoin. Even kids in Junior High School and High School can also use it. |
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Bitcoin has a tremendous effect, now everyone is feeling the profit from the bitcoin price increase, and I think if managed properly and legalized by the state then I'm sure bitcoin can improve the economy of a country, for example is in china that helps reduce unemployment.
Of course Bitcoin can change the economy of a country, especially a developing country or a middle-level country. For such countries, the price of currencies such as dollars and Bitcoins is huge compared to the super powers countries such as America and Russia. With 10 dollars alone, it can be used to buy various purposes in a middle country. Therefore, if the population utilizes Bitcoin properly and good, I think it will change the economy of everyone and of course the country will grow. It seems to me that middle-income countries should make use of such currencies as a tool to improve their lives. |
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In some cases, for sure it will still be popular. Like it gives extra income. But i am sure, bitcoin will not be completely stable now and in the future for these demand always change that result for the price change of BTC and ALTcoins.
The bitcoin price is always not stable and I think it will never stable, but if the bitcoin price had a stable price, some online jobs will use bitcoin as a payment and also people will invest in bitcoin for long term like a gold. I think there is a positive and negative result if bitcoin had a stable price. I think, I think the uniqueness and superiority of Bitcoin is because the price is always up and many people use it as an investment. If the price of Bitcoin does not go up and does not change much, I think it will be just like Dogecoin. Both coins have its own privileges. Bitcoin and Dogecoin are very popular cryptocurrencies. But if the price of Bitcoin becomes stable and unchanged, maybe Bitcoin will not be as famous as it is now. The price of any cryptocurrency will surely go up and down, as well as Bitcoin. But Bitcoin prices always go up and it makes it a powerful investment tool. Stability is necessary, but that is for other matters. |
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If u check the prices of ico coins release the past month or so on coinmarketcap.com u will realise a constant trend which is about 90% of these coins where selling lower than the ico price at one point. My plan with bounty coins is to sell when the price is about a particular % above the ico price and wait to buy back if and when it falls below the ico price
That's right, and that is pretty easy. I myself would do the same thing if I got money from ICO. In short way it might be like this: I'll keep those currencies until prices go up a few percent until I make a profit. But if it is in urgent condition, maybe I will sell it immediately. If I have a lot of money from different currencies, maybe I will sell everything and focus on one. It's so much easier and more simple to set up. |
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Bitcoin has the first mover advantage and by far the largest user adoption, this is what makes it more stable and valuable than any other of the thousands of cryptocurrencies which have appeared after it. However, from the technological point there are far better coins than Bitcoin out there. I think it is just a matter of time when evolution will take its course and some other better structured currency will take the stage and Bitcoin will start to fade.
Yes, thats right. If we look at the price and stability of Bitcoin, surely everyone will choose Bitcoin. Especially with the rising Bitcoin prices, people will choose Bitcoin as a destination for investment. But if we look at other things like technology and competition, maybe we will choose Altcoin or other cryptocurrency. That's because Bitcoin mining is now very difficult and we should look at opportunities that are in other coins. |
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No i don't invested in the due to the money only, i was bought business, new innovation, or something solutions on digital currency, investment in the ICOs are mean i am becoming an investor, it is based on the fundamental of projects and for long time investment, i don't think invested in ICOs it just for the money, i am thinking about the money just in trading altcoins activity ( short term investment in trading is not on ICOs projects).
To be honest, I am collecting Bitcoin just for the benefit of the money generated. I'm not sure about the true value of Bitcoin, I just use the rising Bitcoin price to benefit from the investment. Some people collect Bitcoin because they believe that Bitcoin will be the most influential currency for the future of the world. Some say that Bitcoin will be a tool of transactions that replace cash. But I do not think that far, now I just take advantage of the benefits that can be obtained from the Bitcoin price alone. |
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I think after the hard money, the money will immediately go to the altcoyins. So be careful and attentive. Buy out perspective coins while there is such an opportunity.
I think a lot of money wiil be flowed toward Altcoins acpecialy after the fork of bitcoin. and the btc holders will even more richer . altcoins are the future.
I think Altcoin is good and can provide an opportunity for us with the increasingly tight competition from Bitcoin. But if I was told to sell Bitcoin because of hardfork, I do not think I would. Some people instead use fork to buy Bitcoin, because at that time the price of Bitcoin is down. I myself will keep collecting Bitcoin and keep Bitcoin to my wallet as much as possible. Despite hardfork, I still will not sell my Bitcoin. I learned from my experience that Bitcoin prices will always go up every year. So we have to stay patient, not just for a few months, but for years. |
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Doge isn't fit for middle or long-term investment because its irrelevance due to Segwit2X hardfork, which should reduce transaction fees at BTC network. It's not a good idea to invest something to DOGE. There are a lot of more suitable options.
Exactly. I think Dogecoin is not for invesment. If we want to invest, we should invest in Bitcoin. If we hope that the price of Dogecoin will increase, I think that's almost impossible. Even if it increases, it will be very little. There are many people who have plenty of Dogecoin. If suddenly the price of Dogecoin soared to $ 100 or $ 10, would be a lot of people who get rich suddenly. So I guess that's almost impossible. Dogecoin is only good for transactions, you can use the coin for crypto transactions. Some say, Dogecoin can be used for gambling or buying goods online. |
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I think investing in ICO is still profitable because there are some ICO that make investors get big profits. Now to get profit from ICO is to be more hard because so many ICO this periode. Its very important to analyze the ICO in fundamentally like to know the founder team and also read and study the white paper and what their goals and what problems to be solved. Between invest in ICO on ERC20 or in BTC payment , I think both are same risk.
Investment to ICO is of course still profitable. It's just that we need to know which ICO is fake and original. We need to know which ICO is profitable and deceptive. There are people who can make 10-fold profit from ICO in a short time. That's great when compared to Bitcoin investments that may take a long time. I think everything needs investment. We build a house, need investment. We build a website or business, it also needs investment. So does with an ICO. But because of my very little knowledge about ICO, I prefer to invest Bitcoin alone. |
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Yes, everyone must be thinking the same thing as you. I'm also very sorry for you, but that's no use. After all, we used to know nothing of Bitcoin's future. So do not be sorry, we just learn from experience and just do what we have to do.
If you think you're late, you're wrong. If you do not start from now, you'll be late and may not have another chance. But do not worry, because Bitcoin always provides an opportunity for us. We do not have to buy 1 Bitcoin, we just collect some Bitcoin we can collect. And from there we can benefit according to the amount of money we invest. It does not have to be $ 1000, you can start investing from any amount.
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Dont pray for Dogecoin, because it will never recover.. just look at its price, it is lower than 30 satoshis each doge, that is crazy. I remember when they were upto 300 satoshis each, that was the glory for this coin, but it had the same value in USD than now (only that btc is higher now). But it is a meme coin, there is nothing good from it only that you can use it in some Casinos and in the deep web, nothing more.
Yes, just like you said. If we hope that the price of Dogecoin will rise, I think that is near impossible. Maybe it will rise, but just a little. Honestly, I do not know what will happen to Dogecoin in the future. But if the coin is still there, I'm sure there are still many people who will still use it. Why ? Because the Dogecoin actually has its own benefits and advantages. Dogecoin prices that never change it is a distinct advantage and not a drawback. Unlike the other cryptocurrencies, you will not be able to invest in Dogecoin. But you can use Dogecoin to transact online more easily. If I transact online using Bitcoin, I think it's too risky because of the ever-changing Bitcoin price. So I better use cash and dollar for buying and selling activity. Well, Dogecoin is one of the solutions for online transactions. |
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im a little confuse of what is airdrop i cant understand how to take a bounty for it .. If you register or Sign up for the form can you earn a coin??
In a few words an airdrop is a model that a given project uses to distribute their tokens. In some projects they make the distribution and get funds by making an ICO, where they sell their tokens. In an airdrop tokens are given for free so they usually tend to develop things a bit slower (not always the case because there are several airdrop projects with more development than ICO projects). I am also confused when asked about Airdrop. What I know is that Airdrop is a form of giveaway but we have to do some tasks to get it. But I often see that Airdrop's gift is a token like you say. And I am confused how to redeem a token into a Bitcoin or dollar form. I am also still confused about anyone who used to organize Airdrop and from any forum we can get Airdrop. |
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There is no short cut to become rich and even if you invest you need to have good patience to get positive results from it and there is also a possibility that your investment can go wrong which will result in huge loss.
This is the same piont that I have read in the opening post, and it is supposed to be right, even though some lucky people got rich by investing in one ICO only, whereas their money has gone ×10 after short time, but it is hard now to have similar opportunities. Exactly. There is no similar opportunity like that, it's hard to get one. If we want to invest in Bitcoin, we should wait it for several years to get some good profit. Also, if we want to get big profit, we have to invest some huge amount of money too. Maybe I can give some suggestions. Here's some advice from me: - the easiest way to get BTC and other coins is through campaigns in this forum
- do not care about faucet sites, it can give you coin for free, but very little and not worth it to do
- why campaign? because in addition to easy, we can also make a lot of money from it
- investment is mandatory. we will not get rich if we do not invest. investment can be in many ways, one of them is by collecting Bitcoin
- if we already have enough money. you should start learning about mining crypto. I suggest to study the ETH mining
- you can also trade. but you have to learn carefully because it's full of risks. you can collect money through campaign to do trading
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So many altocoins, thinking what is good to buy with good future!
Why do you want to buy altcoin by the way ? There's bitcoint that guaranteed you good future profit. If you really want to invest in altcoin try to the old one such like litecoin, etc. There's many altcoin for you to buy and their price will change suddenly, so dont upset when you get loss. is indeed the best cryptocurrency and good for investment. However, did not rule out that Altcoin or other crypto will also succeed and overtake Bitcoin. Therefore, there are people who want to invest also to Altcoin or other crypto. Bitcoin prices will continue to rise, but other crypto basically their prices will also rise. Only, up and down the price as is often the case is reasonable. I give a simple example, now the competition to get Bitcoin increasingly tight and very difficult. Therefore, Altcoin or other crypto still gives us a chance. Examples like Ethereum who has a very good price. |
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I think the same as the other user who said that there are no bounty signatures worth to join at those moments. A lot of ico's are becoming scammy ones, and they dont diserve your time and your promotion for ghost tokens, because you dont know if they will be worth the amount that the developers probably promised to the members of the bounty. Maybe you should consider to join btc payed campaigns, they are 10 times more safer than bounties because btc is exchangeable.
Yeah right, hahaha. I really hate ICO and Signature Campaign that give gifts of foreign coin that we do not know how much. In fact we do not know whether we can sell the coin or not, we do not know those coin will last long or not. It is better to follow a Campaign that gives a gift of Bitcoin, Ethereum, and some famous Altcoin. When it comes to the best Campaign, I also do not know. Because here there is no thread that provides information about the Campaign list that is available or currently running. |
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