I have one bitcoin address where i have over 50 transactions on it.  I notice other address have either 1 or 0 transactions on it.  I heard the irs is now tracking bitcoin etc.


So does that mean if i use an address once or twice etc... then there is less tracking?  Thus imagine i send btc to an exchange like bittrex.  If i use a new btc address to receive btc each time from electrum wallet, is that better?  Or it doesn't matter since its the same program?


I always hear people say dont use the same address more than once.  But are there really ppl that never do it more than one?  Because wouldnt someone have hundreds or even thousands if that is the case?  The thing is if i want to do trading on bittrex, it probably would be good idea to send bitcoin from an address on electrum that has 0-1 transactions only?  I will be using bittrex and only doing small amounts in the beginning to trade.  Would it be better send btc and receive btc from my electrum wallet with an address that is used 0 or 1 time?  Because if i use one that has lot of transactions, would they look at my old transactions back then etc?   

Im thinking about trading very soon.  I hear everyone says bittrex is the best option to trade.  I want to know does bittrex report to the irs?  To those of you who trade with bittrex, do you get a 1099 tax form or anything like that?  And if so, what does it show?  Does it show your transactions or profits or withdraw?  The thing is you could withdraw say 15k worth of btc... but 13k btc could be deposits and your income is only 2k.


And if this is not the right forum, i assume it should go on the legal forum?  I like to know from people who traded on bittrex if they receive these forms or not.  Or is everything on the user to record gains and losses etc. The thing is what if someone adds it incorrectly and off a bit then?

We all hear about the buy low and sell high.  Well when all the coin prices go down, isn't it a good idea to just buy them when it goes really down?  I dont mean like it drops 5 percent.  I mean like if it takes a huge dip.  I assume like 15 percent or more


Then once you do that, you wait for the coins to go back up.  Now if it continues to drop, then yes you lose money.  But you don't lose money until you sell it at the price below which you bought it at.  Now if you buy a coin that is like under 1 dollar.  Let say this coin is like 2 dollars etc.  Then isn't buying a coin like this a good idea?  Because if it goes back up, you double your money if it goes back to 2 dollars?  The other thing is let say you buy 1000 shares of this coin at 1 dollar.  Now the coin goes back up and say it hits 1.25.  Now you get rid of this coin and sell all of it.  So you buy it for 1000 dollars total for 1000 coins at 1 dollar each.  Then sell everything at 1.25 so around 250 dollar profit minus fees.


Thus the point of this strategy is wait till the market falls really bad.  Then you buy.  Because if you buy, i mean how much really can a coin fall after it goes below 1 dollar right?  Now if its a coin thats 50 dollars and drops to 25... well thats different since it could drop more.  But it just seems like all these coins do fall... then always seem to go back up right?  Thus imagine theres a huge dip... you buy a few of these coins and buy a lot of it.  Then once it goes back up to a decent price... you can either sell it all... or wait till the price starts falling again.  Then once you do that, you rinse and repeat. 


Im sure many people have thought of this right?  Now how often does this strategy fail?  How often does it fail assuming you do not mind the price going down even more and you will not sell those coins at below the price you bought it at?  I know many ppl would lose because they dont want to lose any more money so they just sell it at a loss.


But thoughts on this?  I mean it seems like even if a coin is 10 dollars, say you buy 500 of them for 5000 dollars.  If it goes back up to 12.50.  You can sell it at for 6250.  And make 1250 profit minus fees.


The other thing i want to know is are there signs when prices will go up or drop?  Because it seems like you could possibly make a few thousand dollars a month doing this if you buy a few coins at really low prices and then sell all of it once you profit say 25 percent?  Now imagine a coin is 5 dollars.  You buy 1000 of them.  It goes up to 6.25.  You sell it and make 1250 profit.  You do this with a few other coins but issue is you need more money to do this.  But the thing is you dont know how long it would take for the coin to go back up.  Now if it keeps falling... you are not making money but u are not losing until you sell it.

Im curious but are there trading secrets that experienced traders or smart traders have where they dont disclose to the public?

We all know the buy low and sell high concept.  But are there traders who know a few things where regular ppl or even advanced users do not know?

And thus if they reveal these secrets, it would hurt their bottom line as other ppl would do the same?

For example in sportsbetting, there are very smart guys who have very smart angles etc.  Now obviously they would not reveal these secrets or plays because if they do, ppl will all know about it.  Sportsbooks will be aware of it and make adjustments to the line.

So im wondering if there are secrets in trading coins that very few ppl know about and where disclosing it out in public is not a good idea.

I use shapeshift to get altcoins and thus convert btc to certain altcoins.  Of course the fees are very high on shapeshift.  So people say use an exchange.  However i noticed many coins are not available on bittrex.  For example, mobilego is not shown there.


So how would someone buy altcoins like mobilego if its not in bittrex?


The other thing is how would you even trade mobilego if its not in bittrex? 

Hey all.  I'm considering to do some trading.  Basically buy coins when price i think is low... or if prices keep dropping... then i buy it.  Then when prices goes higher, i sell it. 


1.  Is bittrex the best option to do this?


2.  I have bitcoin.  So if i want to trade on bittrex, i will have to send bitcoin there.  Then use those bitcoins to buy other altcoins... is that correct?  So that means i never have a usd balance there?  That confuses me a lot.  I heard there is a usdt balance.  But i had thought it was you send them bitcoin or cash... it converts into usd.  Then u use that usd to buy coins.  For example if a coin is 5 dollars.  You buy 100 of them.  Then it deducts 500 dollars plus the 0.0025 percent fee from your balance.  And say if the coin goes up to 5.50.  You sell all these coins for 550 or so and then you get around a 550 usd balance minus the fees.  However, that is not how it is done right?  If thats the case, how is that even trading when you arent converting it to usd?


3.  Since i hear its in btc... so you are basically trading btc for altcoins like lisk, eth etc?  So when the price is high enough where you want to sell and make a profit... you are selling the lisk, eth etc... into BTC?  Is that correct or false?  However if you do this, then dont you still have btc?  The issue is when you keep the btc and dont do anything with it and these btc go down... then how do you even make any profit?  Say for example you buy 100 shares of lisk for 5 dollar.  So it cost you 500 plus fees.  Then you sell it at 5.50 for 550 dollars minus fees.  So lets say you made around 48 dollars in profit.  So when you cashout your lisk... you get 548 dollars worth of btc right?  However say now btc drops a lot.  That 548 dollars in btc could be 498 dollars in btc.  So is there even any profit here or not?  This confuses me so much because why is there no usd balance?  I mean if i want to buy lisk or say another altcoin, why am i not buying with usd... then when i sell... i get usd.  That way... there is profit.  Can someone explain this?  I heard there is tether but you get tether usd on bittrex or is it something else?  The other thing is how is there any profit unless you convert it into usd.  Can someone explain this?

To those of you who own a lot of altcoins, do you all download a wallet specifically for that coin? 


I assume those of you that trade on bittrex don't need a wallet since you keep the coins on the exchange right?  So for example if you have litecoin, lisk, etc... no wallet is necessary?


Now to those of you who keep coins in wallets, how do you make sure the wallet you download is safe etc?  For example, there are tons of coins out there.  So say you own like 10 different altcoins.  You have 10 different wallets on your computer etc?  The other thing is... every altcoin ... let just say in the top 100... they all have wallets that you download specifically for their coin right?  The other thing is wouldn't it be complicated since i assume many wallets can be complicated?  For example with bitcoin, many ppl use electrum.  But for an average computer user, electrum is not exactly that simple to use etc.  But let say im looking at coins like this


lisk
bytecoin
bitshares
steem
stellar lumens
ark
dogecoin
byteball
nexus
emercoin



So let say i want to buy all of these coins.  So i need to download each wallet for each coin right?  Now does anyone know if certain wallets are lot complicated to use than others?  is there a 12 word phrase like in electrum etc? 


But if you get those coins in an exchange like bittrex, i assume no wallet is necessary?  But arent there ppl who trade on bittrex but certain coins they cannot get on bittrex?  Then what do they do there then? 

There is so many of these coins... and many of them have very silly names.  If you look through the list, you would notice many of them.  Do people just randomly make up these coin names etc?

In Change and Used, i have lot of addresses there.  So some addresses have bitcoin whereas the last few does not even have any bitcoin at all.


When i send bitcoin to a site, which address is it coming from?  For example, say 10 of those addresses have bitcoin on it... whether its 0.25 bitcoin or 0.01 etc. 


I recall when you send bitcoin to someone, they could actually see how much bitcoin you have?  Is that correct?  And if so, do they see what is your balance in that bitcoin address only?  Or your entire electrum wallet etc?  So how could you send bitcoin from an address in electrum that has the smallest balance and very few history?  Or you cannot do this?  Because if you are sending it from an address that is used a lot, doesn't that mean they could see your entire bitcoin transaction history such as how much receive and sending and even current balance?  Also i recall when i send bitcoin, sometimes bitcoin is deducted from one address, then some from another etc.  So what happens here then?

Hey all.  What security precautions do you all use with your computers but especially with your computer with your bitcoin or altcoin wallets?


For example, i use keepass to create and store passwords etc.  Thus these passwords are randomly generated by keepass etc.  Back then i would put simple passwords until i heard of keepass etc.


But for your computer, say if it gets stolen or someone has access to it, what must be done before it where they cannot hack your computer or check your programs or put a virus to hack your bitcoin or altcoin wallets?


For example, does everyone here put a password to at least up their computer?  I use windows 10 but when i start up computer, well i never put a password.  So if thats the case, wouldn't it mean someone with access to this laptop could just go to a site and click on a dangerous link and then your computer is hacked?


However i heard doing this doesn't really do much.  Is that true or not?  I heard that the startup password does not do anything at all and can easily be reset.  Is that true?


I read something about you need to encrypt your hard drive and if you do that, then if your computer gets stolen or someone has access to it, then they cannot check whats there etc.  Is that true or false?


And if so, can someone tell me what steps one needs to take to do this?  Thus even if someone has your computer, they cannot access anything on it?


And if you don't have any security on it, does that mean someone can hack your bitcoin wallet or any wallet if they have your computer?  However, could they do this if you have a password for your bitcoin wallet when sending bitcoin?  Or could they not do this?


I use electrum and many people seem to agree its a pretty good wallet.

Hey all.  What security precautions do you all use with your computers but especially with your computer with your bitcoin or altcoin wallets?


For example, i use keepass to create and store passwords etc.  Thus these passwords are randomly generated by keepass etc.  Back then i would put simple passwords until i heard of keepass etc.


But for your computer, say if it gets stolen or someone has access to it, what must be done before it where they cannot hack your computer or check your programs or put a virus to hack your bitcoin or altcoin wallets?


For example, does everyone here put a password to at least up their computer?  I use windows 10 but when i start up computer, well i never put a password.  So if thats the case, wouldn't it mean someone with access to this laptop could just go to a site and click on a dangerous link and then your computer is hacked?


However i heard doing this doesn't really do much.  Is that true or not?  I heard that the startup password does not do anything at all and can easily be reset.  Is that true?


I read something about you need to encrypt your hard drive and if you do that, then if your computer gets stolen or someone has access to it, then they cannot check whats there etc.  Is that true or false?


And if so, can someone tell me what steps one needs to take to do this?  Thus even if someone has your computer, they cannot access anything on it?


And if you don't have any security on it, does that mean someone can hack your bitcoin wallet or any wallet if they have your computer?  However, could they do this if you have a password for your bitcoin wallet when sending bitcoin?  Or could they not do this?

Hey all.  Im thinking about trading altcoins and read that bittrex is the best site to do this on.  If i do this, i would be buying coins and then selling it when the price hits a certain amount.  Of course if it drops, i would hold on to it until it goes back up... or it may not go back up etc.


Is there a way to do this with a simulation program with fake money?  For example like imagine i send 10000 worth of usd or bitcoin to bittrex.  Then i could trade btc for another coin and trade etc.  Let say i go and buy 10 ETH at 300.  I would like to know the total fees when buying ETH... then selling it when say it hits 350 and i sell all 10 etc.  Thus i know it would be 500 profit.  But how much in fees will there will it cost each time doing a trade?  Is it flat 0.0025 percent each time?   The other thing is how do you trade for altcoins where you cannot go from an altcoin to usd?  For example, you cannot trade a coin like steem for usd directly.  So does that mean you need to go from btc to steem.  Then if you want usd... you need to go from steem to btc to usd.  Thus you have to pay 2 fees of 0.0025 percent each?  the thing that confuses me is say you want to buy steem at 1 dollar.  say the price is 1.05 right now.  Well how do you do this when you cannot buy steem at 1 dollar since you cannot buy many altcoins with dollars right?  Thus you would need to know the actual btc in 1 dollar every single time?  Now what if you want to do a buy or sell order.  Like you want to do a buy order of steem when it hits 1 dollar.  Well how can you do this when you cannot buy it with dollars.  You have to buy it with bitcoin.  So you need to convert 1 usd to btc?  Then once you do that... say you want to buy 1000 shares of steem at 1 dollar.. you put 1000 shares at 0.xxxxxxxxxxx btc?  However the issue with this is bitcoin prices changes a lot.  So that 0.xxxxxxxxx btc which is 1 dollar might only be worth 0.92.  Then what happens here?


I know you can say... well you could do this by just making a spreadsheet on this and do it manually.  However is there a trading simulation where you could use where its not real money and you trade crytocurrencies?  Thus after each buy and sell, it show you how much money you have?  The other thing is how much money does it cost for you to withdraw that money from bittrex to your bank account? 

Hey all curious about this exchange.  I use shapeshift to convert bitcoin to altcoins etc.  Of course there is a huge fee with this when you count how much say LTH or other altcoins you get when converting btc.  I believe i paid close to 250 dollars when converting 5000 dollars of another coin etc.  I heard that is negative of shapeshift except there is no verification.


I read bittrex is good if you dont want to pay these ridiculous rates but they do require verification.  I heard about hitbtc and they do not require verification.  Is this true?  If so i have few other questions.


So when converting btc to eth or ltc for example, so you are getting very close to the amount of eth or ltc with it?  I read theres only a 0.1 percent fee?  Thus if you convert 1000 worth of bitcoin ... you will get around 990 or so in eth or ltc?  If you do this with shapeshift, you would get like 975 or so based on using shapeshift.  I believe bittrex offers the lowest rates at 0.0025 percent.  But 0.1 percent is still very low.  So that mean one could do  5000 worth of bitcoin... and get back like 4950 worth of eth or ltc WITHOUT VERIFICATION?


I read you need to create an email address.  So with that, thats all you need?


The other thing is do you need to use your real name in case something goes wrong?  Or its no big deal using a real name since well there is many people in the world with same full name as you?   


Im guessing the only time you need to do verification is when you do a bank wire or transfer and sell these coins or bitcoin for usd to your american bank account right?  But if you only need to convert btc to eth or ltc or vice versa, this is probably the number 1 exchange to do it with where you do not need verification?


Also are there limits in total btc you can do without verification?  So someone could transfer like 3k worth of btc for another altcoin or vice versa a day without any issue?  Or there are limits?  And if so, what are these limits?  Because it seems like this would be the best exchange where you don't need to send in documents etc?  Do i need to at least put a contact number on it?  I heard bittrex allows you to do without verification as well but now the limits are like 0.0025 btc which is useless for most ppl.


Can someone who have a hitbtc account answer these questions?  Im still surprised here because that would mean couldn't someone do lots of btc to eth or other altcoins and not get verified?  Im just surprised an exchange would allow this.  Shapeshift does allow it but of course there are huge fees for it so im curious about hitbtc.


Thanks.

Bitcoin now is over 3000 usd.  How much bitcoin would you say you need now to be a millionaire in the future?  I heard there is an expert that said bitcoin will hit 100k but this would take a very long time.  This is the guy that predicted bitcoin would hit 2k etc when very few ppl thought about this.


If bitcoin hits 100k a coin, you would need 10 bitcoin.  And of course, most people do not have 10 bitcoin or anywhere close to that amount unless they got bitcoin when it was very cheap... or of course they have a lot of money to invest.


To those of you with say 5 bitcoin, do you think its possible?  What about those with say 10 bitcoin?  I assume those people who got bitcoin earlier and got like 100 bitcoin probably feel very good about being a millionaire?  I don't think it would be possible to be a millionaire now with bitcoin if you are buying bitcoin now unless you have alot of money. 

Hey all.  I know as bitcoin goes up, it seems like most of the altcoins go down.  Is there a direct relationship between bitcoin and altcoins?  The thing is i heard there was actually a reverse correlation between Bitcoin and ETH... is that true or not?


But what i definitely noticed was when i see lot of altcoins going down... bitcoin is down as well.  Thus if i look at the top 25 coins on coinmarketcap... if i see a lot of coins that are going up in green... i would see like 20 coins minimum going up and very few going down.  The same as if the coin price goes down... you would notice like at least 20 of those going down and at the absolute max 5 coins going up.  I think its more max 2 coins going up.  And of course bitcoin would be the coin that if it goes up, at least 20 coins in the top 25 coin go up and vice versa.


So if you want altcoin price to go up, shouldn't the first thing you look at should be the bitcoin price?  Thus if bitcoin price goes up or down a lot, shouldn't that have a relationship on your altcoin?  Thus if bitcoin is up a lot, very good chance your altcoin went up and a lot?  And if bitcoin goes down a lot, good chance your altcoin go down a lot?  What exactly is the reason for this?  Is it because these coins are traded with each other on exchanges like when ppl trade bitcoin with stratis and vice versa etc?


The other thing is i heard ETH and waves are rivals just like stratis and waves are competitors.  If that is the case and you hold say Stratis, wouldn't you want ETH and Waves to go down?  Or does it not matter?  However i noticed like i mentioned earlier... when the top altcoins in the top 5 go up, every other altcoin in the top 25 goes up as well.  The only coin i noticed that doesn't really move that much whether bitcoin or the other coins go up or down is litecoin.  Is that true or false?  I noticed litecoin seems to be like the most stable coin of them all.


So is it true, the direction bitcoin goes, the altcoins pretty much follows?  However the correlation between bitcoin and ETH is to me confusing because do they go directly with one another or not? 

Hey all got a question.  I have bitcoins in electrum.  I have the 12 word phrase etc. 


However i would like to create a new electrum wallet with a new 12 word phrase etc.  Can someone tell me the best way to do this?  Would i need to send the bitcoin to blockchain first?


The thing is if i create a new electrum wallet, does that remove the old one from it?  The thing is i want to create a new wallet where i have a new and different 12 word phrase for electrum etc.

Hey all.  I use coinmarketcap.com to track coin prices like bitcoin, ETH, waves and many other altcoin etc.  So i been looking at the screen all day etc because im waiting for a price drop etc.


I believe in exchanges, you could do a limit buy or sell order when a certain coin hits a certain price.  So for those that are buying or selling a coin... let say they want to buy ETH when it hits 250 dollars for example and buy 10 of them.  I believe you can do a limit order on that when ETH hits 250 and then it auto buys 10 ETH for you right?  I dont know much about exchanges since i dont use any exchange.  I only use shapeshift etc.  Thus I do things manually.  I like to know is there any program that gives you price alerts when it hurts certain price?  For example dash is 192 dollars right now.  However, is there a way to be alerted when dash hits say 190 or 188 etc?  And by alert, i mean like either a phone or email notification when a coin hits that price?  Thus like set up a few price alerts when a coin hits a particular price?  So this obviously works for both buying and selling but i want to know this mainly for buying because im waiting for certain altcoins to hit a certain price... but at the moment, the price is only increasing.  For example say a coin is 35 dollars.  Is there a service that would send an email alert when you set the price alert at prices like 34 dollars and also 37 dollars?  The reason i ask that is because say someone wants to buy it at 34 and waiting for it to hit that price from 35.  And 37 mainly because if it hits that price, then they want to buy it because 37 is the highest price someone wants to buy it at and dont want price to go up even higher?


The thing is if its a limit buy or sell order, well then you would buy it at the price etc.  However, i want to have an alert on the phone via email when this happens.  Then i decide if i buy or wait etc.  Can someone recommend me a program or service like this?  I would like to receive the notification via email to my gmail account on my smartphone etc.  I also assume something like this would cost money but how much would it cost then?

Hey all.  So we all know about ETH.  I had saw they had ETH Classic but i didn't think much about it since i thought it was just like a low quality version of ETH.  However, ever since bitcoin had that fork where there is bitcoin cash, i wanted to know... was ETH Classic a fork of ETH?  And if so, did that mean anyone that had ETH around that time would get equal shares of ETH Classic? 


I had read something about this but not sure if it is true or not.   I thought ETH Classic was just another ETH coin created.  Can someone briefly explain this?  And if this is the case, wouldn't that mean bitcoin cash will probably do the same thing like ETH Classic and value would go all the way down?

Hey all.  I would like to know this.  We all know bitcoin got well know a while back.  But it wasn't until this year when bitcoin hit 1000 dollars when everyone became aware of it.  Then it went up more and more etc.  I did not know much about any other coins besides litecoin.  I had no clue there were so many coins etc.


Well what i want to know is when exactly did all these altcoins got so popular but most importantly, were there lot of discussions of altcoins before bitcoin hit 1000 dollars?  Because had i know about these altcoins, i probably would have gotten a good bit of them at low prices.  I had no clue litecoin was so low price at the start of this year.  Basically every altcoin in the top 25 etc has went up a lot where you could have made so much money etc.

Hey all.  So in many of posts i mentioned i want to get a lot of waves.  I bought some waves earlier but its not that much for me.  The thing is i want to get a lot of waves where this amount of waves could be worth a million dollars in the future etc.  Right now i dont have that much waves.  The thing is when i look at the price of waves, it has been going up.  That is of course good when you bought something at a certain price and it goes up.  However, the thing is i do not have enough waves that i want.  Because of that, i actually want waves to fall in price.  Im sure there are lot of people who bought an altcoin and then price goes up and you want to buy more.  But the issue is either you dont have that much money to buy it or you just want to buy it at cheaper price etc.  For me, i would buy all the waves i need now but my issue is i do not have enough money to do this unless i trade my bitcoin for it and also get money from my bank to get bitcoin to get waves etc.  I think anything less than 10 dollars for waves is a great buy etc.


So based on this, would you say waves going down in price is good for me in this scenario?  For example let say you want to have 3500 waves.  You only bought 50 waves at some 3 dollar price.  Then you buy another 150 waves at 3.50 etc.  Yes you have 200 waves.  But the thing is even if the price goes up a lot, you are not making that much money with 200 waves.  Surely you are not going to be a millionaire with 200 waves.  I dont know how much waves one needs but everyone seems to say waves is good.  So the thing is if you have say 200 waves at 3.50 and below price... then get say 1000 waves at 5 dollars.. obviously you are looking at the 5 dollar price because that is what the majority of your waves are bought at.  Thus you could have bought your first 10 shares for 10 dollars each but if you have 1000 shares at 3 dollars each, well that is where the average price you bought is.


Do i want waves to go down now or not?  The thing is i still do not have enough money to get the amount of waves i want unless i trade my bitcoin and also withdraw money from bank account to do this.  If i do have the money to get the amount of waves now, then obviously i want the price to drop now right?  But if i dont have the money yet but will have in the future, what do i want the price of waves to be now?  Im guessing just don't go too high etc?  The thing is i want to get waves at 3 dollars or less etc.  So if i feel like if the price keeps going higher, then it would be hard for me to buy enough waves.  Of course going higher is good when you own waves but not when you dont have enough if you know what i mean.  This can be said for bitcoin, altcoins and every other coin.  People want the price to go down a lot... then you buy since you buy low and sell high.  But the thing is what if you already own that currency?  The thing is if i have enough waves that i want and do not plan to buy more... then obviously i only want the price to go up etc.  Like my thought is... okay i have enough shares of this coin where i might buy more of it later on even if the price goes up or maybe down but im satisfied with how many coins i have.  At the moment, i do not have even close to enough waves that i want.