|
I probably sell it of couse, I already have 500% profit and its enough profit for an investment. Its better to sell it than being greedy. I'd rather get my profit than wait for the market to fall, cryptocurrency is volatile and we cant expect of what will happen in the price of cryptocurrency.
|
|
|
|
Unfortunately, no one is safe from fraud; there is always a risk. Very often scammers use visual tactics, because it is easier to attract investor confidence by dulling their vigilance. When choosing a project, you definitely need to be more careful and study all the information about both the team and the project itself.
Every investment has its risk and we cant easily avoid scammers. They always targeted those investors which is greedy who wanted an easy profit from their investment. Scammers know the weakness of investors. These days there's a lot of project showing the real faces of the team, but they still scam their investors because of money. They promise a good project but once they got their hands in the money they will show their true intention. |
|
|
|
Why have disappointed with ethereum now, with lower price is not become ethereum will be down always, give you opportunity to buy and invest your money with ethereum to get higher price later, do miss your chance to get profit with ethereum investment, take chance for investing with higher amount because you will get higher profit.
Being disappointed at its current price is just showing that they dont believe in ethereum. I believe that etheteum will pump soon just like how its price pump before, this is the same thing as before where its price drop up to $100+ then suddenly increase together with bitcoin and other altcoin, no one actually expected that it will reach its all time high price. Its price even surpassed $1k before on year 2018. History will probably repeat itself, lets just wait for that to happen. |
|
|
|
bitcoin will not lose its function as the dominant of all existing coins even though the price falls bitcoin still remains its king, the price of bitcoin will certainly fall further the price will go up and be able to recover the price.
Its price will not lose, its price will only dump but it will never go to hit zero. Bitcoin is the first digital money to go crazy like this, it is the first cryptocurrency that becomes popular over in just a decade where it makes a name for itself just by proving that it is not a bubble. |
|
|
|
I think that you will not return what you lost. The security issue is very important, more attention needs to be paid to this.
Once you lost it, there is no other way to return it, a hacker wont ever return what he gets from other crypto users. Making sure of the security of our wallet is our own responsibility, we should be careful everytime and taking care of it should be the priority. It is the holder of our coins we should never leaked any information of it. |
|
|
|
I completely agree with you, so when I see a bounty company with a pool of several thousand dollars, of course I don’t join such companies, because it’s a complete mockery, because working and promoting a company for a couple of months to get 1-2 dollars at the end is just a slavery, and most importantly, there are more and more such bounty companies with a bounty pool of a couple of thousand dollars.
If they pay to bounty hunters just a few dollars for a campaign, how many bounty hunter will join in? Thousand dollars are payed via their tokens so if they success, you will be rich. That is all depend on the number of bounty participants, but most of the time, there are 200 or more are becoming part of an individual project, a thounsand dollar wont be enough to give those bounty hunters a good bounty when the distribution starts. Most of the time, the value of the token decreases more since its price will dump in the market. |
|
|
|
Things why a person can easily get scammed in crypto-world
1. Greed
2. No knowledge about the project
3. Trust
That is very true. Actually there are other things also why people can enter the fraud zone. They sometimes only listen to other people's words without further analysis, but this can also be included in point 2. But behind it all are true points conveyed here. Most factors that made them fall to that situation was bigger expectations, and human nature always have no satisfaction. There's no contentment, so greed could affect someone's emotional upbringing. Since average person isn't knowledgeable particular on scammers schemes, they're mostly targetted by these fraudulent groups. Indeed, by promising them to get a huge return in a short period of time, they can easily fall under those scams. They expect a huge return without thinking that they might become a victim, they think that investing in crypto will give them an easy life and give them a fortune where its not actually true, it will take a lot of time and effort to achieve that goal. |
|
|
|
investors are looking at more realistic and dubious new directions, we can understand that because there's always a sense of worry
it is difficult to gain full investor confidence, with that kind of thinking only a portion will develop and survive
Investment in any market requires a lot of confidence. Every market is carrying dumps and pumps with it. It is not just crypto market that shows bad times to investors, so are gold and real estate markets. Those investors who take risks of holding their investments instead of withdrawing in tough times are the ones who survive. We shall keep supporting bitcoin. your points are good and you mainly target offline assets like gold and real estates but at the end of your sentence i was shock that you just inserted bitcoin . thats true that every market has a pump and dump but offline assets like the ones you mention are less prone to it while btc and cryptos are the ones that are mainly affected. my vision this time is if the price continue to fall people will switch for alternative options but will comeback once they see an imrpovement on thier digital assets Once the market is highly affected of the sudden dump, they somehow switch their investment to stock market, gold or real estate. It is to avoid their money to put into sleep. Crypto is volatile, making it as an investment is a good decision, but you have to face a higher risk than investing in physical assets. |
|
|
|
Positive side of ethereum is could sent transaction faster than using bitcoin we have take one hour and more, but using ethereum we can received payment in short time just take few minutes if using good fee, but ethereum still with lower price and do not have anything effect with bitcoin how could raised up.
I remember before when the Bitcoin price was almost bypassed by the Ethereum and now the transaction fees. This is the most Ethereum has advantage to Bitcoin, the transaction fee. That's really good to hear. I think that many people will now switch temporarily into Ethereum since it has a high potential as of this moment but I do believe that it is only temporary and soon bitcoin will rise again people will also switch to it because I do believe that bitcoin is still the number one crypto. It was January 2018 that reached its peak, transactions reached 1,349,000 more, and now only 706,000, a decrease that is very much in my opinion, but it has been recovering since the beginning of 2019, and almost everyone chooses ethereum for transactions, Unicef also now opens opportunities for ethereum The Ethereum platform is widely used, perhaps because it is friendly as it is reliable. Or even overused by so many crypto start-ups which turned out to be scams and crap. Ethereum offers low transaction fees and faster confirmations but the fact remains that in term of trust, the majority still trust Bitcoin over Ethereum. I am a user of Ethereum primarily due to its low fees but I very much prefer Bitcoin if only it has as low fees as ETH. Ethereum is really reliable, not only because of its low fee but also because of having a fast transaction when sending funds to another. But even though ethereum past bitcoin in number of transactions, we cant still deny that bitcoin is still better in many terms such as its capabilities. |
|
|
|
One of the main reasons why Bitcoin has more worth than any other cryptocurrencies is because it has the proven track record to secure hundreds of billions of dollars ($269 billion as of Dec.8 ) without getting it lost to theft or accident.
If a person manages to successfully hack Bitcoin, he or she will easily top the Forbes’ Billionaires List at #1. And believe me, people have definitely tried to get this money that Bitcoin holds right now.
No other cryptocurrency has been held to the same amount of scrutiny and stress-test as Bitcoin. Let’s really test the limit of this technology.
Good or bad, I’m extremely excited what we will see in the future.
I hope you are too.
I don't think I agree with you on this. The basic reasons behind why bitcoin is more valuable than other cryptocurrencies are; 1. Bitcoin introduced blockchain technology which led to the introduction of other cryptocurrencies. 2. Bitcoin is the father and king of all cryptocurrencies. 3. Bitcoin introduced financial freedom to everybody no matter your social status. You don't have to disagree with each other, both reasons can be combined. Except maybe for number 3. How can bitcoin gives you financial freedom when it can go down or up just like normal currencies do? And is bitcoin is even too volatile that is dangerous in terms of your financial security? Maybe you are earning bitcoins online? But everyone can also earn online with fiats too. Maybe the financial freedom you meant is free from government interventions? He consider financial freedom as he is free to use his money through blockchain and he is tax free. Government doesnt have the capability to tax a person who earn through cryptocurrency. Financial freedome is a capability of an individual to have enough savings, investment and enough money to spend not only in our need but also in our wants. |
|
|
|
Those random people of the forum that tells to buy bitcoin and hold it never got wrong. I'm happy that I've followed those people whoever they were during those early days of mine not only here in the forum but in other crypto communities too.
Also the very known quote from Warren Buffet about eggs and baskets.
It will never go wrong, investing takes a lot of time, holding it until you are satisfied with the price you met is something that will give you fortune. Investing is not only after you make a profit you should sell it immediately, investing is about how you can continue to earn from your invested money. |
|
|
|
There are lots of people who shouted for help every time i open the forum lots of them are scammed, lost a key for their wallets and more,
here are some tips that you can do to avoid this kind of incidents
1. Keep your keys for wallets in a secure place where you can easily access but others can't
This is the number one rule of thumb for me keep it in a safe place that accessible by you but not to other people
2. Never share your passwords to anyone
Remember even the closes person to you can turn you down sometimes, and hit you really hard when you don't expect
its okay to trust people around you but there should be a distance or a position where in okay you can't know everything about me its
too personal.
3. If you keep your keys codes etc in your computer make sure you always have a backup a clone for the drive to be safe.
This is the last one for me but this should be at first procedure you should do first always keep your backup because we all know
you don't know when your computer encounter a problem specially windows , which a lot of users are using ,
there you go this are some simple steps that can be done i hope this can help you keep you codes and keys safe every time
The best way if you are using online wallet is to bookmark the wallet to avoid getting phishing and to keep your private key secured. If you want to secure your finds, better to put it in a hardware wallet than storing it in an online wallet. That way you can wnsure that your private keys are safe and to create a duplicate hard copy of your codes and access. That's true, by saving the wallet to your bookmarks, you dont need to click for the links that was sent to you via email or even those posted link in social media or in any site that were crypto related. It helps us to prevent to become a victim of phising. Also use a hardware wallet as possible to assure the safety of your tokens/coins. |
|
|
|
I think this crime uses cryptocurrency as money laundering because it is usually the result of theft and extortion using digital currencies as it happened some time ago there was a virus that spread quickly and had to give some bitcoin to be able to unlock the files that were affected by the virus.
Money laundering is a very old human practice, this type of crime exists in any country where there is at least some kind of crime plus a banking system or a casino, in other words, a resource through which there is a constant flow of money, along with clean money, dirty money also get into this stream. Cryptocurrency can not be called an ideal place for money laundering, because as it turned out, even Bitcoin is not completely anonymous. Most of the crime has been done using cryptocurrency on these days, they can be anonymous by having transactions using it. But we cant deny that fiat is also being used to illegal activities. Illegal activities are done in any form where there is a money and as long as they can make a transaction. They will do anything to do it anonymously and crypto is one of the ways they have found. Crypto has been using in illegal activities even before, it is the digital money they use to make transactions in the blackmarket. |
|
|
|
You can used Multibit older version! I don't remember exactly but the old version will support to it, give it a try! Good luck!
I'm afraid that it is no longer supported, it's like with elektrum wallets, the old versions do not work for a long time. I can't say anything about litecoin Yes and if you are not able to upgrade your old version to the newest version, OP will not be able to recover it again. He should move his crypto balance in a safe place where he can still track and keep an eye on it, he seems to abandon his own wallet for a long time and decided to see if all his crypto was still alive. That is the risk of holding a long time, it cant be abandon, you should still keep an eye on your investment, so you can still open it again. |
|
|
|
I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies. However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.
1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.
2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.
3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to. You can keep generating new addresses if your previous Address is compromised.
Number 1 doesn't really mean why crypto is greater than fiat but rather just the opinions of those whom use crypto and view itnin a positive way. Naturally, security is a lot better han fiats since most of the time, you'd be the one in control of your wallet and only you can transact with others. Of course, when you use third party wallet providers, your wallet may or may not be in risk because of hacks. As for transactions done, blockchain techs one feature is anonymity so it naturally shows it when transactions are done. User of cryptocurrency thinks that it is already better than fiat, which is actually not yet to happen. It will take a few more years for that to happen if technology will be developed together with crypto, where its capability will increase, the moment that we are waiting where we can finally free to use cryptocurrency in our daily life just like how we can use fiat currency. |
|
|
|
Bitcoin is only 10 years old .Bitcoin is still evolving
I think that bitcoin still has good chance to be internet global money
Look gold what is gold practical use .Gold is not so much in use
Agreed, bitcoin is very young with comparison to the gold's history of existence. It is to go long, as of now bitcoin is getting used as a global money with its conversion possibility to any of the currency. Gold has a physical state and the rare availability from mines make it valuable, and bitcoin being technology backed vary from it on the practical usage. Bitcoin is a digital money which is indeed being used globally, it can be converted in most of the fiat currency. It is not fully used as we can used fiat, just like gold, gold can be converted to fiat which is the reason why gold was one of the best investment we had. But being compared to gold, crypto has more used and it can be more, as long as technokogy evolves, its function will expand more and it might increased its value once it happen. |
|
|
|
I don't think it's that much of an issue, most internet cafes I've visited wipe the computer to a template version after anyone uses it, and it is illegal to install malware on these cafes and track user movements.
Keep in mind, your talking about a real life cafe that's a real buisness, if they tried to steal your stuff they would be hit with a crap tone of fines, you can probably relax in my opinion, maybe use 2fa just in case, but you should be safe.
There are some internet cafe (not the owner of the cafe but the other customers did) are trying to input some malware or a key logger which will send the information you have input to the computer to their device, I experienced the same thing and I know how very risky it is to access your wallet in an open are such as internet cafe. Its better to use your own computer to secure your account. |
|
|
|
Will be soon cryptocurrency become an alternative payment option if have allowed by many country, bitcoin and altcoin is easy how to give regulation because transparent payment without could make fake transaction id, when bitcoin become legal payment many industries want to adopt bitcoin because easy for transaction.
It is indeed easy to use when having a transaction or sending a payment to anyone. Your money will be secured and it is transparent as long as you dont leaked any information about your walet. But it will become a big problem if it will be used as a payment option because of its volatility. |
|
|
|
I was planning to join the campaign, i asked one already join more than one, the answer is choked me,
Although the project not bad, he received only $6.8 after worked for 6 weeks is it fair? Is it normal?
What you think?
Is that a bounty campaign? It depends on a token on how much is the price of it on that day. Maybe it should be waited for some weeks or days for the token to make high value before exchanging. $6.8 is too low payment for 6 weeks, for me, it's not fair or maybe it also depends on your work, on how much do you work on it. Do you think he works also right for that campaign? We should also look at the other side of the story. I have joined airdrop before, and I've earned $120 without doing anything. So before joining, make sure that you're joining a legit or a trusted one. It is not actually fair. There are some other bounty campaigns that pays higher than $6 for 6 weeks, it seems that they pay OP's friend for $1 every week, its totally unfair. When choosing a campaign, you should also consider the payment you should receive. Value every work you made because you work hard for it. |
|
|
|
What do you think is the most interesting thing about bitcoin that attracts normal people? It's the volatility, so it's obvious that most of the people are going to be discussing it.
Once its price suddenly increases, most of the people will talk about it, they will start to invest without knowing anything about it. Actually we can consider the trend to its sudden inrease in price but once its price will decrease even a little, those new to bitcoin investment will vanished again. They only came to crypto world because they heard its price is high and they might earn a penny just by investing on it. |
|
|
|
|
Show Posts
