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1  Alternate cryptocurrencies / Altcoin Discussion / Re: looking for honest advices on: November 27, 2017, 09:21:56 AM
I'd advise to start by understanding the different components of this world and answer these questions. This involved hours and hours of reading as for me but this is worth it. The more you know, the more you will be part of the future so indeed, do your own research. Crypto is only starting, if you start learning now, you'll have a considerable edge compared to the millions of people that don't know about it or don't want to know about it (yet).

So here are a few questions to help you do your own research. Hard to do your own research if you don't know what to search, so this might save you some time.

- What is a ledger in accountancy?
- What is blockchain and its various applications to the real world? (I suppose you know about it)
- Why is blockchain useful for money transactions? What is the advantages of a currency using blockchain (crypto-currency) compared to FIAT?
- What are the actors of this world? Users, miners, traders, holders, believers, developers, exchanges, mine pools, shills, scammers etc...
- Which role do I want to play in this world?
- What are bitcoin and ethereum? Differences between the two ?
- What are altcoins and their differences with the two above mentioned currencies ?

As a user: How can I buy crypto-currency (usually first timers buy BTC)? How do I open a wallet? How do transactions work concretely?
As a miner: Which currency is more profitable to mine? What are the electricity costs involved by my mining activity? Which hardware do I need? How much hardware do I need to reach a particular level of profitability? Where do I set the thing up? How much is my initial investment going to be? Is it worth it? (a business plan analysis in a nutshell)
As a trader: Which exchange is the best for what I wan to trade? Do I only want to trade major coins (BTC, ETH, LTC, BCH) or altcoins too? What is the technical trading approach? What is the fundamental trading approach? Which indicators do I need to perform a profitable trade?
As a hodler: Generally you would hold BTC, ETH, BCH or LTC and the only question you need to ask yourself is: How much is the price going to rise today? Cheesy
As believer: Is the truth really out there ?
As a developer: Not computer literate enough to quote the questions they would be wondering but if you are a developer, you can find a good job and be more useful to the community than anybody.
Mine pools: Is it a scam? What is the pool ROI? (Hard to know but you will generally see comments online about a particular pool to have an idea. Still I would be very cautious with them.) I personally don't trust that stuff at all.
As a shill: You don't question anything as a shill as you need to pretend to be sure your investment is solid and worth the time.
As a scammer: Well, with all the information above, as a scammer, you will wonder how can I take an illegal advantage of all that shit ? But then again, crypto is future, scamming in that world just means you would be a war opportunist in times of war, so not too good for your self-esteem.

There are a lot of other questions you could ask yourself, but these would get you acquainted nicely. Just read, read this forum, type 'crypto news', 'blockchain news', 'bitcoin news' in your favourite search engine and read everything. If you do read when you can, in a month time (depending on your motivation) you'll know where you are heading and have a better outline of the crypto world.

Hope this helps.

Edit: PS: Oh and yeah, I would not touch ICOs until I really know the technical aspect of everything and still, equity on these projects is not positive imho. But that's me, if you go there, I suppose you know what you are doing.
2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2017, 10:45:18 AM
I may have missed some posts but no one speaks about the possible Segwit2x fork coming.

The Bitcoin Segwit2x would be happening in the next 6 hours according to a Coinbase statement:

https://blog.coinbase.com/bitcoin-segwit2x-update-b69a1c1e5ece


"Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork."

Have a window statement on my coinbase account too preventing BTC transactions pending situation resolves.
3  Economy / Speculation / Re: Bitcoin falling again on: November 12, 2017, 03:05:14 PM
A pull back was predictable and predicted by the way. Looking at the one year chart, back to the 5k support line would not be a surprise. It is a rather healthy behaviour I think. Not that healthy for day traders I must admit, but long time hodlers should not be worried imo. I would start to worry below the 5.000-4.800 support line.
BTC may pull a rabbit out of a hat scalability wise soon as well.

The sentiment to me is that Bitcoin has still a way lot more exposure world wide than BCH, more use daily too. The bitcoin name is more printed in the collective subconscious than BCH. What's more, announcing BCH as the new 'Bitcoin' in the mainstream media would confuse general public only weeks after Bitcoin flooding media with its ATH. If it happens, it will be easy to see it coming too and stop loss before drama.
Already doubtful about the matter, general public would be even more concerned about volatility/stability of crypto currencies as a whole and this would harm everyone.

I doubt BTC stopped working on solving the scalability issue after announcing 2x cancellation. Everyrone was expecting an announcement so they had to announce something. It does not mean they won't announce something else soon.

My 5 cts on that but hey, it's bitcoin after all.
4  Economy / Speculation / Re: Buy BTC at 6500 or wait to go lower? on: November 11, 2017, 01:11:00 PM
BTC will go lower imho, long time hodlers are starting to sell for BCH as well. The 5k support line might be hit.
5  Economy / Economics / Re: Is bitcoin a good way to invest your money ? on: November 08, 2017, 09:26:43 PM
Not wanting to counter any positive arguments about BTC here as I am really new to it, just trying to know more about the market as such than the analytical view of the trends.

True dat from an analytical point of view there is no reason BTC should go critically down, everything indicates the moon indeed.
BUT...
Some analysts predict a bubble burst for example, is there anyone here able to discuss that line? I'd be glad to have some thoughts about it, even technical details that would go against that scenario?

The main idea seems to be that anything that is only speculative will end up bursting. I read from other sources that BTC transactions fees are high AF as well, meaning less use for daily transactions and more for speculative ones.
I would not be able to explain why something speculative would have to end up bursting but if anyone has an idea on that. I would be happy to read.

How would these limits or threats, as want to call it, could affect BTC use and/or price ? I know that scepticism about BTC must be a question that comes back a lot but more looking for a comprehensive outline of the market, external/technical/legal threats included.

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