I bought a few months ago with a price 0.012 btc but now the price about 0.009 btc. I don't know, have to wait how long to be able to profit, but I don't lose if I still hold.
Just hold. Even if it takes a year from now, Monero will eventually reach 0.012 again, possibly even higher. Personally, I think Monero is one of the four or five coins that will still be in use ten years from now.
|
|
|
I wouldn't give someone $2 for making a good post online; most people do that for free.
There have been a couple posts that have helped me enough where I would tip the author. Mostly things dealing with programming- PHP/ SQL, HTML, Java... Stackoverflow and Reddit have reputation systems, but you can't actually tip someone with real money. Sites like these could benefit from a payment system where users get money for their correct answers.
|
|
|
I've been hearing rumors that BEEP http://yobit.net/en/trade/BEEP/BTCwill be pumped in the near future. Not sure if they are talking the next couple days/ week, or two months from now, but at 1 or 2 satoshi it might be okay to grab some. Disclaimer- I bought a little less than 2 million BEEP and have a sell order for 2 satoshi. But rumors are that it will get pumped for around 5 Bitcoin worth of buy orders.
|
|
|
Yes if you have an established relationship with a trader you can buy BTC without spending too much in fees, otherwise you are either paying large fees, at risk of getting scammed, or forced to use an exchange that requires multiple verification- government ID, paypal, bank account, and (as we now know) will probably hand your records over to the government (Coinbase giving records to the IRS for example).
Conversion to and from fiat is still one of the weak points of Bitcoin. We need more ways to anonymously convert crypto coins to fiat to create a truly free financial system.
|
|
|
Hey man, the IRS has to generate tax revenue from somewhere. And since they sure as hell aren't going to get it from corporations hiding their profits offshore, I guess they are going to come after users of Bitcoin now...
Since they can only tax the amount they can PROVE you profited on, does this mean they can only act on the amount they can prove you bought and then sold through Coinbase? (Since they wouldn't be able to prove that you sold coins once you moved them out of your Coinbase account.) How deep is the IRS going on this? Are they tracing addresses that coins were sent to from Coinbase accounts?
|
|
|
If you can open a position that will last a week, do so when BTC hits $750, since we seem to be going back and forth between $700 and $750 each week. You can make a couple dollars I guess...
|
|
|
Just remember that posting on a topic like this could make you a target. Use different email addresses and strong passwords, or don't complain when your accounts get hacked.
|
|
|
There was a fairly large botnet mining Monero at one point, so a botnet mining Zcash would not be surprising. Most miners are picked up as viruses, but since Zcash is so new, most compiled miners wouldn't be picked up yet. That would be another reason to choose Zcash for this type of operation. (Save time by using an already tested/ established miner without having to re-compile.)
|
|
|
Seems like an interesting project! I'll be using my signature campaign earnings on the ICO. Looking forward to further updates!
|
|
|
You don't have to be a millionaire, anyone who has the ability to earn $750, even if it takes you weeks or months, would be wise to invest in at least one Bitcoin. Even if you have to save money by not going out as much, cooking meals at home instead of eating fast food, etc, owning a little bit of digital currency is a wise investment.
|
|
|
So Zclassic also uses a trusted setup, where there were master keys created? If so, where is the information about who had these keys? Seems pretty dangerous. Trusted setup is the worst feature of Zcash.
|
|
|
I can't really blame sellers for asking a premium, price is based on supply and demand. If people are willing to pay the price, a vendor is going to maximize their profits. With all the chaos surrounding Indian banks, people are uncertain of the countries economic future, and in some cases unable to withdraw funds from their local branch. Times like this are exactly what causes a surge of use in Bitcoin.
|
|
|
Bitcoin as an investment is definitely one of its main selling point. My father had zero interest in "internet money" until I showed him how much BTC has gained in value over the last few years.
Just be sure you explain the risk. Just like any investment, don't put in money you can't afford to lose.
|
|
|
Most altcoins are down a little bit or sideways. Hype of Zcash release still dying down. I expect ETH and related projects like Augur to do decently long-term, but its not the hot topic right now.
|
|
|
Monero seems like it will be around for the foreseeable future, (it survived the release of Zcash, which many predicted would kill the coin) but its going to be a while before anything becomes equal to the price of Bitcoin. 5-10 years at least, if it EVER happens.
|
|
|
Hopefully anyone who bought right at the beginning was planning on a quick sale, or a LONG term investment. (Since I don't see how any new coin can be worth anywhere near 1 BTC)
Being worth more than a dollar or two would be a big accomplishment for a new coin.
|
|
|
Dogecoin has stuck around because a lot of sites use it for gambling, and people use it to transfer funds or store funds since the price hasn't seemed to change much recently, but you can still buy or sell coins on some of the exchanges.
I would be careful before I donated to any "charity" but maybe these guys can help some people out with their project.
|
|
|
I would probably wait a couple days and see if price drops back down to $700, since we seem to be going back and forth between $700 and $750. I don't really see any reason price will jump to $800, more likely to have a slight drop.
|
|
|
Bitcoin being an E-curreny can't make bank dissappear; for one thing, here in our country Botswana, we get alot of power cuts, relying on online currency is a really bad thing. Its best to know that you have something physical to use even if the whole world goes internet dark.
This is a very important point. Even in areas with reliable power, having everything based on a digital currency is very dangerous. In the future, cyber warfare will become a greater threat. If an enemy is able to cut off power or internet, you would need to have some form of physical currency. For this reason you probably always need some form of fiat in paper or coin.
|
|
|
|