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I wouldn't say it's the future of crowdfunding but it is certainly a way to go about it. And as with everything there are pros and cons. Just look at the ICO boom with so many projects crowdfunding using bitcoin and then exit scamming with the money they collected.
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Although he may have been "right", you can't rule out coincidence. Also, his own son doesn't think he's always right, lol - https://twitter.com/PeterSchiff/status/1303009420713111553?s=20Having said that, I wouldn't go by everything he says when it comes to bitcoin especially considering he has vested interests and an agenda. I do however, think that bitcoin would crash along with stocks but would recover much faster. Rather than trying to time the market, it's best to be in in it long term if you believe in it. It'll probably weather the crash and then go to new heights pretty quick post that. |
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That's nice compilation of the dangers and risks that you could face as a newbie. Most scams are motivated by greed and almost always promise something in return so beware especially of fake giveaways and the like.
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if you're just starting out then walking for 30 mins is a good start. I would avoid the treadmill and just go out to a garden or the take to the streets. in fact, even down the line, walking is still a really good workout. You can scale up the intensity and briskness or add in a jogging and running in spurts to increasing the frequency of your job or run. Nothing beats a good walk.
I think it's important to not get bored of what you're doing, so you could also mix in some weight training or body weight exercises, get a chin up bar. Switching things up is something I've been trying to do and it also gives you the opportunity to work out different muscle groups.
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As a beginner, bitcoin and ethereum are standard and good investments. All altcoins, in my opinion, are only good as trades. You eventually want to trade them for a profit in bitcoin and therefore accumulate more bitcoin. Very, very few projects other than say NEO and Cardano stand the test of time and even if you look at those projects, they don't really have strong charts compared to bitcoin.
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Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
Most of us are long-term bullish here and think that bitcoin will be at a higher price in 5-10 years from now, but take note that bitcoin is not guaranteed to succeed. It can go up, but it could also go the other way. If you put everything on Bitcoin, you could be rich in 5-10 years, or you could also end up broke. Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up?
Definitely not. There's still a risk. Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Very possible in the short-mid term, a bit less likely in the long-term in my opinion. Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Yes. Even lower than $3500 is possible(though probably unlikely). IRA or Bitcoin for the long term?
Diversification. It'd probably be a better idea to spread it out to stocks, bonds, ETFs, Bitcoin(probably a small percentage) and such. Don't put all your eggs in one basket. Reliable and stable are all relative terms. And as with any investment, where there's a probability of high rewards there's also a high degree of risk. That being said, in the space of cryptocurrencies, bitcoin is the most stable and reliable. But in space of overall asset classes, gold surely is the most stable and reliable - but not as risky and therefore not much of a possibility of a high return in 5-10 years. |
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For us, the only weapon for this scam is to, - Educate ourselves. There's no such thing as free BTC. Not even people who are very rich such such Elon Musk and Bill Gates will give anyone free money. Don't be greedy. - Report those malicious websites to Youtube/Google, and to it's domain registrars so that it will be taken down. - You can used this websites to check for scam bitcoin addresses, https://www.bitcoinabuse.com/ and https://scam-alert.io/ - Stay alert and be vigilant. - Frequent this board: Scam AccusationsYeah a good way around scams, and not just crypto scams, is education. If it sounds too good to be true or asks you to send money, then your scam sensor should immediately start tingling. |
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Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)
Bitcoin can lose 500$ within one night. Gold can't. Why that?
The mistake most people make is think that bitcoin is store of value already. The reality is that i aims to be a store of value something in the future and currently is more in the space of an asset. Gold has been a store of value for thousands of years while bitcoin, relative to it, is in its infancy. |
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I was having an argument with a friend. He says that you can't be anonymous to the bitcoin's network. Both nodes and wallets use, leads to an ip address where information can be found.
I had read in this forum that you can hide it with hardware? How exactly?
Although Bitcoin has privacy features, they aren't as discreet as say, Monero. Currencies like Monero are built with privacy in mind and using them almost guarantees a far higher degree of privacy than bitcoin. The problem is that certain governments aren't really down with them which may lead to problems when it comes to regulation and therefore adoption with these "privacy" coins. |
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uBlock sounds interesting and yes it's always prudent to use a trustworthy ad blocker. Although in some cases the Ad Blocker itself could have malware so there's that to be taken into account too. DuckDuckGo is a decent browser but I guess it'll take a while for it to reach the same level of functionality as the more mainstream one. The Brave browser is pretty good though.
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Hi, im the real owner of the bitcoin wallets
You know that ownership has to be proven, right? If you don't have account info or even better the private keys, I'm not sure who can help you. About blockchain.com, if you have been using their services for those wallets, you can try their support (although imho your chances are nearly 0). And this would mean that you can prove you had an account there and they will provide you your private keys or a working account. "Anyone from bitcoin" clearly cannot help you. That's is not a private company and the only way to access those funds is if you have the private keys. A common mistake a lot of folks make is that they don't take the adequate precautions when it comes to securing their funds. A small amount of study and understanding is required when it comes to storing funds securely before getting all hyped up about bitcoin. Sadly, there's no end in sight for such occurrences. |
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As with most markets, and in the most basic terms, the price of bitcoin is "set" by demand and supply. That being said there are players known as "whales" who possess large amounts of bitcoin who can choose to "dump" or sell the currency which can cause a price crash. Price manipulation isn't unheard of the bitcoin world but as the currency matures this won't be a problem in the future.
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According to me, it simply boils down to demand and supply. Macro-economic factors are another big price influencer. Government policies also play a huge role. In India, the price began to tank compared to the rest of the world when bitcoin exchanges were "banned" in 2018.
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BTC shot up so high so fast in 2017 because it was overly hyped that even people who don't know a single thing about it just registered a Coinbase account and did a buy order. So you're question is: "Why.... it is not boost up again.......". Simple, it's because not that much people are buying bitcoin. And if you're not willing to wait for another price rise that's hopefully a lot more sustainable, then go sell your bitcoin. Investing is not for the impatient. Regards
Matrix.Max
(Formally know as Dvyanc)
Sr. Member of Bitcoin Community.
? ? ? Agree with this. Also in 2017 tether was running its own printing machine and there may have been a bit of foul play involved on their part. A lot of that narrative died down since then though. I think they were able to prove they had the funds. Also just like the DeFi craze now, we had the ICO craze back then. Although I won’t rule out a massive price surge towards the end of this year of early next year. All signs seem to be pointing towards it. So maybe you don’t even have to ge *that* patient |
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I wonder what happens after 11 years though. Does he get to keep all the BTC he's stashed away and is untraceable? It maybe a decent tradeoff for certain people if you're assured of being a multi-millionaire in 11 years.
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With projects like Hotdog coin and the likes doing the rounds, the whole DeFi craze is beginning to look and smell a lot like the ICO bubble a few years ago. Although, i feel that their own acceptance of how ridiculous and scammy it all is is ironically adding to their appeal.
Why do you think this is happening?
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I think it's important to know how something works. I think the author means that when bitcoin is truly accepted as money, then people won't question the "why" part of it, since at that point it'd be redundant - they'd just use it as money.
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