No, I would be out of bitcoin because I don't want to risk my life to be in prison because I want to earn some coins. I can't cash out anyway because banks and any other means to convert it to fiat would not allow it since it is illegal so I would have to find other means to earn another source of income. Fortunately, our country allow us to trade bitcoin and even cash out it banks but they are thinking of regulating the platforms and I have no problem with that because I can still earn.

I have been thinking of the what ifs and one of the scenario is the total ban of crypto in our country so from time to time, I cash out and start funding another business in the real world so that I would have a fall back in case something happens not in my favor.

He mined it way back in 2011 so it is not that much valuable and no one is expecting it that it would be that much valuable nowadays. As he cannot find his wallet.dat file then he can just try to earn it again though 103 bitcoin is quite hard if you have small amount to start with but if you are really a good trader and be lucky at times then it would be achievable.

This would remind us to always back up our file and not be complacent when it comes to our funds because we never know what will happen. Furthermore, there may be some coins that don't have that much value nowadays that we are holding bags of but since cryptoworld is in early stages, there is still a higher possibility that it would be much more in the future so better back up all the needed files because we don't want to lose another opportunity.

I agree with this one. He is considering it but unless there would be a timeline of it then there is still a higher possibility that it will not be implemented. There have been some negative issues regarding facebook about privacy and all and maybe he just want to study the blockchain technology to address those issues and of course to be not left behind because more companies are "considering" blockchain technology so if they are in it then he should too or else his competitions would have an edge over him. Innovation is always important in a business.

There would be efficiency in the work since robots are programmed to do what they intend to do so there would be no distractions for them unlike human that can have his attention be shifted if there are some circumstances that he would need to attend to. Processing will be fast and there would be no delays as much as possible because robots can maintain their time and can work consistently without being tired. You only need to spend big on robots the first time and the rest would be maintenance only as long as they are functioning properly so you can save in the long run. Humans though ask for wages and benefits and as time goes by, salaries increase too.

The bad effect of this would be that more people would be out of job especially those that are working in factories because job is repetitive so robots can do it. Unemployment rate would be higher which would not be good for the economy since there would be less people who would have money to buy their needs and wants and then some businesses would just close because of lack of customers. If there are work that needs decision or judgment then humans are needed because robots cannot make that decision.

Good for you OP that you were able to profit with that much amount. In crypto world, prices of the coins are unpredictable and altcoin run may be good last year but altcoin run this year we are yet to see and we don't know what will happen. There is a higher possibility that the altcoin bull run will continue and may give you higher profits but there is a possibility that some coins will be devalued which would be a loss in your part so I am on the conservative side which is after reaching 100% profit, I take out my capital so that I have a peace of mind that I got back my original investment and then what is left is profit and just sold it whenever you wanted. You can choose to invest in other coins what you have withdrawn which is your original investment.

This is just disappointing because it is just getting expensive as time goes by. Why make it expensive anyway? They can earn enough because they are getting insane volumes right now in their sites. It is time for decentralized exchanges to make their way in the scene because this kind of fees is just ridiculously high. In order for you not to mind the fees that much, you have to withdraw large amount. It is happening already in bitcoin but they are charging higher fees in altcoins too which I believe other exchanges would follow too in the future.

Though there are times when people can speculate where the price will go in the short or long term base on the movements of prices in the charts by using technical indicators, news is still the best way for now to tell if the coin would go up or down in the near future. There are so many kind of news in a coin that you should give attention to. A listing or delisting in an exchange would have an impact on a coin, a hardfork, website or wallet release or any improvements that are news worthy can have a big impact in a coin and if a whale join the ride then that's the time price shoot up. A useful site that I use to monitor the coins that have updates is this http://coinmarketcal.com/ .

I just check out the site and it looks pretty cool. It would be a big help for the traders to know the coins that are currently on sale. Just a suggestion though since beside the coin there is a view market and when I click it, it goes directly to Bittrex so can you also add OP the link directly to binance? It would be a good way also to check if there are arbitrage opportunities to the coins since as you stated the API is from both exchanges so having the view markets link to both exchanges would be convenient. I know we can just go to binance and check the price of the coins ourselves but it would be a great help if we can directly check it from the link in your site.

It is not surprising but given that it is a big opportunity for Visa to expand its business having bitcoin related cards then it would be a loss for them. The partnerships that Visa let go would just go to another provider because there are other options anyway. Yes they are a big company but there are other options and maybe later on, they would just accept bitcoin again. Cryptocurrency adoption is growing and they can see it in their very own eyes that sooner or later there would be companies that would be able to beat them so I think it is a wrong move for them. They should join the bandwagon not being against it.

Both are good as long as you bought the coins that have big potentials to increase in value in the future may it be short or long term. For those who don't have much time to actively trade then they just hold their coins because if they did their research and the coin is doing good then they would profit in the future whenever that may be but if you have the time and willing to learn whatever it takes then I suggest for you to actively trade because in this way you will learn more. Yes you may lose at times but what is important is you learned and you will know the next time what to do and not to do and then eventually you will get over with trading with emotions because it is one of the hurdles the traders have to face when they are newbie in trading.

I like the site OP. This would be a big help for people who wanted to learn about cryptocurrencies and do not know where to start. Cryptocurrency is quite new that is why for those who doesn't want to learn about it immediately judge it as scam so this would be a good explanation for them if they want to argue about it. It is good that you cover various coins and I hope you can add more to it so that cryptocurrency enthusiasts can learn more about the coins they are invested to or about to invest in. It is a good comprehensive educational platform to start learning and maybe you can add videos too.

Currently, I use three exchanges specifically Bittrex, Binance and Etherdelta. I think the exchange that is most easy to use for beginners is bittrex because it is easy to navigate. Since it is one of the exchanges that has high volume, day traders would not be bored watching the prices of their coins and there are so many altcoins to choose from. If you cannot find the coin you are looking for then maybe it is listed in Binance. It is not that easy to navigate but you can get used to it when you use it for some time and their fee is low too. You can choose to have the trading fee in BNB coins so that you can have 50% off in the trading fee.

Etherdelta is not easy to navigate and somewhat confusing but you can find gems in there before the coins are listed in bigger exchanges and has the possibility to shoot up in price. You can try the three exchanges and choose what exchange you are comfortable with to trade.

China plans to limit power use by some bitcoin miners, people familiar with the matter said, a potential challenge to an industry whose energy-intensive computer networks enable transactions in the cryptocurrency.

The People's Bank of China outlined the plan on Wednesday (Jan 3) at a closed-door meeting, according to the people, who asked not to be identified because it wasn't public. They didn't detail how authorities plan to enact the curbs.

Chinese officials are concerned that bitcoin miners are taking advantage of low power prices in some areas and affecting normal electricity use in some cases, the people said. Local officials have been asked to investigate the high consumption associated with the industry, they said. Some Chinese miners have set up around hydroelectric facilities in the provinces of Sichuan and Yunnan.

The curbs will also involve other regulators such as the National Development and Reform Commission, which oversees the power supply. The PBOC didn't immediately respond to a fax requesting comment sent after the close of regular business hours.

"This may have contributed to bitcoin coming off its daily highs and electricity usage certainly appears to be a significant challenge for the cryptocurrency in the years ahead," said Craig Erlam, senior market analyst at online trading firm Oanda in London.

Bitcoin, which surged 15-fold last year, pared gains on Wednesday and traded around US$15,086 on Thursday.

China is home to many of the world's largest bitcoin miners, who use massive computing power to verify transactions in the cryptocurrency. The global industry uses as much electricity as 3.4 million US homes, according to the Digiconomist Bitcoin Energy Consumption Index.

Beijing's scrutiny of miners follows a sweeping cryptocurrency crackdown last year. Authorities outlawed initial coin offerings in September and have called on local exchanges to halt virtual currency trading.

Source: http://www.straitstimes.com/business/companies-markets/china-said-to-plan-power-curbs-for-some-bitcoin-miners

There are other exchanges to choose from so better stay away from the exchange if you can. There may be some history of problems in other exchanges as well but in their exchange there is a lot more complains. Some developers though still choose to list their coins in that exchange. Maybe it has lesser fee? Anyway, if you still have funds in the exchange then better withdraw it and transfer to others that has way lesser fees and somewhat safer. There is Bittrex, Binance, Bitfinex, Bitstamp, Kucoin which is somewhat new but getting volume slowly and others.

I would suggest to just invest in one coin at first because 0.004 would become very small if you divide it more into 3 altcoins. Seeing that it would win all or lose all, it would be very important to choose the coin you are going to invest in. As what they say, buy the rumor and then sell the news. There are many altcoins that are rumored nowadays that will increase in the coming days or weeks. But then you should be careful because bitcoin is getting ready for a run as what others say so if you plan to invest in an altcoin then it would not be a good time for now because we know that if bitcoin is having a rapid move, altcoins are affected. Take a look at VEN by the way. Maybe you want to invest on it.

I don't think bitcoin transactions can be tax because if it is then the authorities should target the miners because they are the one who are processing the transactions but even so some miners are untraceable so it would be hard. If the authorities wanted to tax the bitcoin users then they can go the platforms the users are using because these platforms have records of the people who transacted with them and they possess the names of those people and can track their funds but only to a certain extent. There are already people paying tax because they have capital gains and when converted to fiat only but if there is no conversion then there would be no tax.

I would choose binance when it comes to trading fees because they charge 50% off in transaction fee when you are using bnb coins as fee and beside that they only charge 0.10% fee whereas in bittrex they charge 0.20% trading fee. They distribute the gas in Neo while bittrex does not. They already have stop limit option which is one of the edge of bittrex before but now both of them have the same feature. There are some problems with Bittrex regarding account verification and you cannot withdraw unless you are verified while in Binance you can still withdraw even if you are not verified.

Depending on your current strategy what is your plan to your coins. If you are already in profit then it is better to sell your coins because when bitcoin is making a rapid move, altcoins will make a downward movement. It is better to secure profit and then buy it lower so that when it goes up you will have a bigger profit. Always have a stop loss though so that you still have a risk management.

It is the bitcoin correction and we know that when bitcoin makes a rapid movement, other coins are also affected that is why it seems that there is a synchronize movement when bitcoin makes this move. Others are maybe cashing out for christmas and then others stay in fiat because we know for a time that there is an impending correction that it is happening now. You just need to protect your funds by staying in fiat or buying altcoins that are cheap now.

There are times when we see the coin mooning and then regret that if we just hold the coin longer then we would have a bigger profit but then just think when you sold the coin and then the coin dump so you will be thankful that you sold the coin. Do not dwell too much on the price getting pump and you were not able to catch the pump because there are still so many opportunities. Just think that you gain from that trade and move on. There is a tendency that you will buy the coin again higher because you have the fear of missing out and then end up getting dumped on because you have the firm belief that if you hold on longer, you will have bigger profits. This may not be the case on verge now but it happens a lot.