Hi,
I have about $3000 to invest in Bitcoin Projects. I see so many tokens & ico projects here. As Newbie, I am not sure how does it work?
Can some bitcoiner guide me in right direction?
Thank you
This is a DIY project as an investor. The best I can suggest to you for engaging in ICOs and finding genuine and profitable ones is for you to THOROUGHLY look at the white paper and then Google whoever is on the devs team to ascertain if what achievements claimed by board members are true. Also, make this forum your place of leisure and read up stuffs on investments. By the way, DIY...Do It Yourself.
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Ive been wrong that i withdraw all my earnings on trading .. i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts.. hmm .. too bad for me now bitcoins is still aiming high ..
The patience and holding you talked about here depends on what coin one is holding. Sometimes it is advisable to sell off even at a loss than hold till infinity hoping the coin will moon to no avail. Ask some of us who bought and are still holding doge and Swisscoin. The scenario is better imagined than experienced.
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The way lending coins are becoming rampant this day should become a thing of concern. Yes, concern should come in because I believe along the line some scamming devs will want to sneak in and wreck unsuspecting public of their money. There are Westerncoin, glasscoin and hextracoin (I participated in those at ICO) still waiting to be listed on CMC. Before I get quoted out of contex, I am not saying bitserial is scam. No, I am not insinuating that. I may buy into the ICO once I peruse the white paper and find out its focus aligns with my pursuit. I like lending coins and I am involved in bitconnect and regalcoin. My only concern is devs going bad. Yeah, there are some scams as well, EthConnect was the most obvious one, hope the didn't get any money. Did you get scammed by three ICO's?
Nah! I am very hopeful the three ICOs will turn out well and profitable too.
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It is quite simple. Give what is left of your profits to the people you love (Your nieces and nephews as you said.) Do not give them to people who take advantage of you. Learn about who truly loves you, and I am sure they will be happy (Not happy if you die because money cannot replace a deal body.) Anyways, I hope you do not die until you realize your dreams. As for me, in case I die, I want to give my profits to my mom, grandmother, siblings, and the one who I truly love and consider them to be close to me. And to be honest, this post made me a little bit scared, I might start writing my will.
If you die it would be too late to do anything or assign a directive to anyone. That will be dying intestate sort of. This isn't really what OP seeks. Sorry to disappoint you though. Anyway, I think many people will eventually fall to this kind of scenario at their death except death writes a letter for warning us of its coming. There's so much secrecy around the Bitcoin or cryptocurrency in general that everything looks like a secret that should be kept tight. From password to private key to seed to what else have you that should be hidden always.
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So I've been involved in Bitcoin and crypto for about 5 months now and just about everyone I tell about it being friends and family most have never heard of it or the few that have they have no understanding of it so I was just curious into how others explain it all to total newcomers is their a webpage or video you may show for an easy understanding to explain it all ? Whenever I give my explanation it seems to go way over their head Cheers We are in the same boat, dude. Almost everyone around me is naive to what Bitcoin or cryptocurrency is. In explaining to these people I always use the Cowries analogy or example to enlighten them that like cowries in the past as money, Bitcoin is the modern money from the Internet. That explanation sinks easily for most of them.
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hi everyone? first of all let me just say that I am a huge fan of this forum.
So where I am right now is that I have around 50 k to invest in crypto currencies. My first thought was buying as many antminer l3+ as I could and then keep them in a hosting facility that I found. then I thought that I should spil 50/50 between mining for litecoins and getting hardware to mine for ethereum.
I know that I am late to the game but I am still hoping that it is profitable.
I would just like to know what would you do ?
thanks for any tips!
No, you aren't late to the party. Even if you think Bitcoin has risen too much at this point, you are still in time because project is that it might get to $20,000 in 2018. In respect to how you should invest your 50k, I will advise you split it into five equal parts. That is $10k apiece. One for bitcoin Another part for altcoins The other for ICOs The fourth for only coins with lending programme like bitconnect, regalcoin, Westerncoin, hextracoin, glasscoin etc And the last for the Mining stuff.
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August 1 October 25 (though it actually happened before that date) November
The way this fork happens this day with shameless rapidity is becoming something else. The first time was two months interval while the expected November Sigwit2 will be happening within a month later. Who knows, the next might be two weeks apart. Yet, coins from these forks haven't been able to compete with Bitcoin, the crypto-general.
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There is a reason your thread has so many reads but very few comments. You are a Newbie with just a single post but you are already sending a link to something no one else understands. Of course everyone is scared of malwares and virus.
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I know it may not be possible right now, but do you think fiat will be gone in the future?
If by digital you mean blockchain technology, I would say no. There's no way that's gonna happen considering the fact that illiteracy can never be totally wiped off the face of the earth. There are still people who will never understand the complexity if the blockchain to be able to use it. But if by digital you mean fiat being exchanged and transacted electronically, I would tell you that is already done. It is called internet banking or online banking/transactions.
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How come did you experience being hacked in the past, you have your own personal computer that has been breached? can you please share what happen and how did it happen. Because It is being a year now since I used my hardware wallet and good thing I never experience any hack or loss maybe you have less security precautions in securing your very own computer.
In case you skipped what he wrote. Let me help out. He didn't say his hardware was hacked. He merely got a hardware wallet and is over the moon for that as hr believes safety us assured him. What are you sophisticated bitcoin thiefs ( and I know you prowl around this forum) gonna do now? huh? you bitches!!! I now have a hardware wallet with a seed and a passphrase at the end of it. You ain't gonna get steal diddly squat.... LOL
Dude, don't be too sure that your coins are beyond reach and forever safe. Shit happens and nothing in life is total guarantee. Even those who make these wares have a way of also making virus to attack these wares so they can also sell anti-virus wares. These things are just messed up.
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Hi i have a question, i hope someone could answer it As of now, the circulating supply of Bitcoin is 16.6M I was wondering what would happen if it reaches 21M?
Will bitcoin still work even without mining? Or will bitcoin fall apart?
Nothing out of place will happen except that the price of Bitcoin will skyrocket. By the way, the 21m is the expected total mined coins but there is no way that 21m will be in supply even after everything has been mined. Of course there are going to be lost coins in transaction or lost private keys to trace some coins.
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You can get a simple secured wallet like Electrum or Coinomi from playstore for Android phones. You have control over your funds with these wallets. Again, since you identified that the site wants it the Bitcoin way why complicate it with cash? Just get it sent to your Electrum wallet ASAP.
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News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.
Your title thread and comment have it as ban on ICOs. So, how come Bitcoin is dragged into it again. If any country chooses to place a ban on ICOs it will be to protect its citizens from scams that lately ICOs have become. But that doesn't necessarily mean there will be a general ban on existing cryptos. By the way, ICO means: Initial Coin Offering. It means those coins are yet to go to the market as devs seek this avenue to raise money for their projects. Most times the devs disappear into thin air after raising the money. It will be a good thing to strictly regulate ICOs.
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sometimes a loss is better than a big loss. in technical terms use a stop loss order which is practically doing this for you. it triggers when price falls lower than your "tolerance" so you automatically dump the coin and prevent further losses. it doesn't have to be a stop loss and automatic either. you can do it manually too. you just have to plan for these things ahead of time. for example you buy ETH at 0.07BTC and decide that you don't want to lose more than 5% of your money so you dump it as soon as ETH got dumped hard down to 0.0665BTC and prevent losing more money when it was really dumped hard down to 0.046BTC and then buy back at the bottom.
While you made an undeniably good suggestion, your last sentence is a difficult call. It isn't really easy knowing when price hits a bottom. We only get to know this from hindsight and after the event has passed. Sometimes, what you think should be Support turns Resistance. Well, OP, emotional trading is the major Devil every trader battles with. It is this that sets a professional apart from an amateur. Get a grip on yourself. Determine your loss and profit before getting into a trade and then relax. Always remember that trading is about profit or loss and that you are bound to get one once you trigger a trade.
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 : -50% bitcoin. -25% ethereum. -25% litecoin.
I am investing the money at the next dip. Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
The axiom, "A man does not test the depth of a river with both feet" comes to mind here because that's what it looks like you want to do. Investing in cryptocurrency is a good idea as it is the new wealth. However, throwing all your life savings into it is a bad idea. While still trying to maintain the three cryptos you listed, you can find a way of including one or two lending coins so that you can be earning residual income from daily interest. Lending coins like bitconnect or regalcoin. But you must set aside some cash from your savings. Whatever happens, don't ever invest all your cash in cryptocurrency or any business, even if it is real estate.
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We have been experiencing lots of up n down , contradictions on bitcoin scaling solution .. even Dev teams are not united , forget about miners, in addition big whales hv their own gang and their positions on fork , or pre/post fork ..
do you think Bitcoin is victim of bad politics or became a political coin .. ?
If you view the struggle for supremacy as an engagement in politics, then OP you may be right. But I don't think so that Bitcoin has become a political tool. The disagreement among devs, miners and specially treated whales is healthy. If you know what goes on among governments and their functionaries you will also discover that a lot of power is involved in fiat too. It is only natural for humans to struggle for power where anything substantial and valuable is concerned.
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when the Bitcoin price keeps going up what are you doing now? hold it or be traded with altcoin. I'm stuck in a very difficult situation now. I suffered losses in some altcoins that I bought for a high price. some rumors say that prices will be rebound back next month. However, I'm confused better to hold altcoin and sell it after the price recovers or sell all altcoin to get BCG? someone please give me some advice OP, I guess you got into losses in buying altcoins because you always bought at the tip, not the dip. Buying altcoins is a good business. But you must know how to buy right. By the way, the so much publicized BTG was dumped by many yesterday at exchanges that listed it and made good money from it.
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Dont send anything to livecoin. twitter blowing up with people saying their coins they depod gone.
You should know as a relatively old member (a Full Member isn't a noob) here that an accusation like this are better backed up with source links and evidence. Otherwise, it becomes a FuD and an unnecessary run to kick someone business sore. By the way, you said twitter which means it is not even a personal experience of yours.
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It's now live at Bitfinex ,and I saw the price at Yobit right now is $400 , such craze ...I can foreseen more Btc platinum , ruby, sapphire coming just to earn money
Its not actual BTG but futures more like judging the price in thin air. Actual distribution will happen on 01-Nov so must wait and watch till then What do you mean by futures? The coin, Bitcoingold, has already been listed on more exchanges like Yobit and Binance. I guess the fork occurred before the awaited time. It went to above 0.08+ btc yesterday. Check these exchanges: www.yobit.io and www.binance.comI am yet to understand the futures argument here. Can you please shed more light on that?
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Electronic or digital money is not always synonymous to cryptocurrencies - in fact, most of the fiat money in circulation has no physical form. It is unwise to think that there is paper money, cash and then every other form of currency which can be transferred digitally can be called 'electronic money'. Cryptocurrency is a new breed of the money, evolved decentralized, sovereign. BTC or other cryptos have little in common in 'digital' fiat money people store on their bank accounts.
This is a great clarification you have made here. A lot of people often get swayed that every fiat means paper money and not in anyway electronic. This is a big deceit because every fiat exists with its electronic transactions. Sadly, no cryptocurrency exists outside electronic transactions. This is a big disadvantage for cryptos as they can't be transacted without the internet.
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