Is it really that hard to prevent hackers from hacking exchanges, wallets and God knows what other methods they use...
I mean how on earth is crypto supposed to flourish if it's so venerable to hackers?
Every month a huge hack happens and totally destroys the crypto image yet again.
At this rate, bitcoin will go to $1 as it gets hacked every day.
Is it possible to take simple precautions to protect against hackers?
For a so called "unhackable" wallet,private key ect, it seems to be a cake walk for any hacker.
Sorry for the rant, it's just irritating to see crypto slowly dying because of hacks.
I agree with your opinion, I think there must be some measure to combat hackers as today. Hope everyone will have a better solution. Let's pray together There is a lot that can be done to avoid losing your bitcoin because you were hacked but people want that everything is solved without they having to do anything and that is not the way something like bitcoin that is decentralized works, if you are tired of losing your money to hackers then you need to take steps to reduce your own vulnerability to hackers, if you are not willing to do that then no one is going to do it for you. |
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Technically there are ways to trade without a loss, probably the most well known is arbitrage trading where you buy bitcoin in an exchange and you sell it in another exchange in which bitcoin is trading with an higher price, while this may sound easy in theory the profits you will get from these trades will be low and timing will be essential so not everyone can perform arbitrage trading effectively.
We can't be always assured that trading can be 100% success at all times. There were times that we should strive harder and losing is the main reasons why we became successful in trading to be safe at most trusted ways. If wen want to be safe on our trades, then you must wait for the profitable value to be reached so you'll be able to dumo your capital along with your profit. You did not even took the time to read my post, arbitrage trading is a strategy that if it is performed correctly will allow you to win your trades 100% of the time without exception, the difficulty in the strategy strives from the need to have many accounts in many exchanges and to have enough capital to get decent profits out of your trades since the profits of each trade will be way below 1% per trade. |
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I have a huge faith in bitcoin like many people in the forum but to think it is going to reach such prices seems ridiculous to me, I think by that time we could reach something like 100k but to reach ten times that price we will need a huge shift in the economy and how bitcoin is perceived and while a lot of things can happen in that time I am not really convinced that is going to be the case.
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Collapsing means the price is very cheap and few people are only are still investing in bitcoin and many people are leave bitcoin and sell their bitcoin. But until now bitcoin is still alive and more stronger to all cryptocurrency. I think it is good to buy more bitcoin instead of saying to collapsing.
At this phase that we are, when we are just starting the moving train, collapsing should not even be in anyone's dictionary. If we ever get to a stage like this, then that means there is a huge fire on the mountain and so many people are trying to get out as fast as possible, and as I am right now, I have not been able to think of any scenario ever that can end up leading to that. Most probably the term collapse used by OP must be in wrong sense because bitcoin market is highly established the one and it will never get collapsed for simple reasons like some countries banning bitcoins nor some big whale's sell off. The collapse may be possible only when there will be a fundamental failure of entire bitcoin systems. When bitcoin was just starting after satoshi created it bitcoin could have been destroyed by governments if they want it by dedicating a few computers, becoming miners and do a 51% attack, but bitcoin grew to this point and now such an attack will be very difficult to implement so I think it is safe to say that bitcoin is not going to crash at all now that it has reached these levels of adoption. |
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Does anyone here have a trading strategy where they look at functionality or the development team behind the coin?
Those factors are more important when it comes to an investor point of view, a trader still needs to look at those things but most of the time you need to worry about the charts and the trends of the market, so while as trader doing your due diligence is important it should not affect your trading strategy that much, since you are still new to the market and do not have the right experience I will recommend to you that you trade bitcoin at first and only if you are successful you can trade altcoins. |
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After 2017 was a happy year for bitcoin This year it reached the top Where it reached its highest value
Which reached in mid-December 2017 to 20 thousand dollars.
But the year 2017 was the beginning of the collapse of the bitcoin
Where it started to land very
And so on a lot of users
It also greatly affected other currencies
This week it fell very low, with bitcoin
reaching $ 6372.75
This is a significant decrease from its value in the previous year Because of the heavy attack of countries for this currency And their desire to eliminate them But bitcoin is absolutely unexpected At any moment it can be very high At any moment it falls. What does the second half of this year disappoint us You will wake up bitcoin again. . .
Anyone that expected this year to be as good as the last for bitcoin deserves what is coming to them, I remember seeing when we were in the middle of the bubble people predicting bitcoin will reach 100k or even higher prices at the end of this year which to me seemed at the time senseless since at some point the price needed to crash and it did a lot sooner and reached prices way lower than I thought, so get used to the idea this is not going to be a very good year for bitcoin if you are a holder. |
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I am very interested to know if cryptocurrency wallets like Bitcoin Core, NEON, Electrum can ever be hacked ?
Some moths ago there was a vulnerability found in the bitcoin lightweight wallet electrum, the vulnerability was so important that the forum administrator found it necessary to alert the forum members about it, however the most common way to lose your bitcoin is to get phished and download a wallet with malware already installed in it so always verify you are downloading the wallet from the correct address. |
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They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
It is true that trading is something in which you will improve by practicing it but it is not as simple, you need knowledge as well and even more importantly you need capital, there are many things in which you can practice something over and over again and you do not need money but when you are trading bitcoin if you lose your capital you cannot practice anymore until you get more money and depending in your financial situation that can take weeks or months. |
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Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
Bitcoin cannot be backed by national credit, since the credit of a nation is based on fiat, governments may try to keep some bitcoin in reserve but you cannot support bitcoin with bitcoin, so it does not seem like a good idea, what governments can do is to pass some friendly regulations and eventually commit to stop printing more fiat currency which is what causes all the inflation in the first place, but since they cannot run their economies without deficits they will never do that. |
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I don't know that this is really happening lol. Stockmarket manipulation is really not illegal in my opinion tho we hate the idea because it sounds really unfair. But that is just how the crypto stocks really works. Tho i am not sure if they can really put them in jail
We know the whales of bitcoin control a huge amount of coins but the problem is that even if there is a lot of speculation regarding their abuses I have not seen a single case of people confirming this with blockchain evidence and if that is not the case then the question is how do they manipulate the market without buying and selling their bitcoins? |
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At a time where I see currencies moving away from cash to digital I think the reason is partly so that governments can control the flow of their currency more particularly for laundering. They can possibly gain more taxation from a cashless currency because cash cannot be fully traced. If i sell my car for cash to another individual the government dont get any revenue from that because it is not traceable.
So in a governments aim to control our money it will leave a big opening for bitcoin and other decentralised crypto to exist along with fiat and will allow people to "trade" anonymously with each other over a completely independent infrastructure.
This was the main reason for bitcoin to be invented, this is why it's called to be a form of digital cash, when it comes to cash you do not need authorization from the governments or a bank to give your cash away and the same is true for bitcoin, this is why they are not very happy with bitcoin but they have no idea how to deal with it, they cannot ban it but regulation is not going to work either. |
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A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell
point is?
I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from
Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the
money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,
where you will push the "panic" button?
I doubt that it will go down much further, but if it does... where would you start selling your coins?
I will have to first create an average of how much my bitcoin has cost me over the years since I bought it every time I had some money to spare but I'm a very calm person and I prefer to keep holding my coins no matter what than to sell for a loss, besides I am completely convinced the price of bitcoin will recover and even if it takes years I will keep holding so I will never press the panic button you are talking about. |
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Its ok to lose, but if you lose most of your money then something is wrong.... Try to study further about your coin and your strategies so you will not be lose much again.
When trading bitcoin losing is something we will face, it is impossible to be a trader which never losses, we are humans and we make mistakes, however if you really learn from those mistakes eventually the number of trades you lose will diminish and the number of trades you win will go up, so as you can see losing a few trades once in a while can be a great learning tool if you know how to take advantage of it. |
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From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .
I remember sending a transaction a few days ago and I noticed the low fees of bitcoin as well but this is mostly because the mempool is empty so you can send transactions with just a few satoshi/byte and get a confirmation in minutes but this is mostly due to the bear market, when this market changes and the price goes up again we will see again bigger fees. |
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I wanted to say that I have stopped sharing my crypto interest with close mates of mine.
Because they will became greedy and jealous for that money they could have too.
But the problem is that they are seeing a results of hard intense and long work! My tokens sometimes costed me like 3 months of work, (not the hardest, but anyway).
And the are saying then - teach me how to do that! Teach my now in half hour! So I would have my $1000 tomorrow!
And then they are trying to do something here for 5 days, nothing comes so fast and they give up,
also the relations are harmed...
Thanks for your attention folks! Nice days!
The problem you are talking about not only happens in bounty but in bitcoin trading as well, if you begin to talk about your profits in this market many people will ask you to help them learn the basics of trading bitcoin, then after a few days of trading they realize they are not making as much money and they give up not realizing that you need to wait sometime before finding the perfect market conditions that allows you to earn a lot of money with your trades in bitcoin. |
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Hi guys, I have a couple of alts in my wallet right now and I want to gain profit.
I want to earn a profit while waiting for a better market value. Should I enter trading(where I don't have an idea on how to and where to start) or should I stick on HODLing my coins?
Looking at the market movement, is it a good time to start trading?
Is it risky or not an ideal move if I start to study trading using some of my holdings/alts?
I am eager to learn how to do trading(short-term or day-trading).
Any thoughts? TIA
Since you are basically admitting that you do not know anything about trading then it will be a terrible mistake to become a trader right now, but if you like the idea of trading alts or even better to trade bitcoin then this is the perfect time to start learning about that subject just be careful and be realistic about your capabilities since it is impossible to become a good trader in just a few days. |
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There are other ways, holding for the long term is basically going long on bitcoin for a very long time and while that is a very effective strategy you can do the opposite, you can short bitcoin thinking the price will decrease this can be a very effective strategy if you time it correctly, obviously that is more risky than just holding but the profits of changing your position from time to time from long to short and vice versa are there. |
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Is it really that hard to prevent hackers from hacking exchanges, wallets and God knows what other methods they use...
I mean how on earth is crypto supposed to flourish if it's so venerable to hackers?
Every month a huge hack happens and totally destroys the crypto image yet again.
At this rate, bitcoin will go to $1 as it gets hacked every day.
Is it possible to take simple precautions to protect against hackers?
For a so called "unhackable" wallet,private key ect, it seems to be a cake walk for any hacker.
Sorry for the rant, it's just irritating to see crypto slowly dying because of hacks.
Bitcoin is not vulnerable to hacking, the technology of bitcoin is impossible to hack with the current technologies, users are the ones that are getting hacked, there is not a real culture of safe practices when you are navigating in the internet, people click in all the links they see and install pirated software, if you think bitcoin is vulnerable you have no idea the amount of fiat stolen everyday by hackers getting access to credit cards information. |
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Technically there are ways to trade without a loss, probably the most well known is arbitrage trading where you buy bitcoin in an exchange and you sell it in another exchange in which bitcoin is trading with an higher price, while this may sound easy in theory the profits you will get from these trades will be low and timing will be essential so not everyone can perform arbitrage trading effectively.
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A collapse will not be going to happen as alts will surely going to be dragged down together with the bitcoin price collapse. corrections, dumps and occasional crashes are most likely going to happen in the present and future but with the current support and its strong community that would be likely to be a conspiracy theory for now, remember in the past history of its price and its crashes you will see how many times it survives from them and how the price grows constantly.
Crashes are a natural part of any market, people act as if there are not crashes in the fiat markets the difference is that since this market is so new that the crashes are bigger and more frequent but there is not going to be a total collapse of the market after all even if bitcoin is nowhere close to being perfect it is still a useful coin so it cannot become worthless overnight. Crashes are normal if the the crypto can still recover but if a crash occur and a coin does not seem to recover anymore then that is not a usuall crash but rather that is what you call a collapse. Cryptos can possibly collapse if they are not getting a demand anymore and infact it does already happen on some other alts ( shit alts or shitcoins ) that are only purpose is for pump and dump scheme. But in the case of bitcoin i dont think it can collapse instantly because bitcoin is way too useful and people loves to use it all the time. Many altcoins collapse all the time, but we are not going to see a collapse of bitcoin at all, it is true the market of bitcoin has experienced a decrease in its price that has been significant but even in this difficult moments you can still earn money if you a are a trader and have the guts to trade and short bitcoin, I know it is not easy and it is a risky move but if you do it and master it you will no longer care about the price going down and you will only care about the direction and the magnitude of the movement. |
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