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661  Bitcoin / Bitcoin Discussion / Re: why hackers can get into Myetherwallet on: February 21, 2018, 04:46:48 AM
It's a bit of a misguided question and it is with proper security it is next to impossible to "Hack" into MyEtherWallet.

The most common reason people lose their Ethereum and ERC-20 tokens is that they have been phished, means you visited a dummy website instead of the real one or clicked on a fake link from an email or forum and arrived there by that route. Then if you enter your private key they capture it, so the real description of the problem is you gave away your private key not that you were hacked.

Take precautions like a very hard to crack password, Metamask, or a Ledger hardware wallet as an addition to MEW.
662  Economy / Speculation / Re: Do you trust chart analysts? on: February 20, 2018, 05:34:57 AM
I think that chart analysis has its merits and its uses, however essentially what it is doing is showing you a record of the past events and there is no guarantee that the past will be repeated in the future (although it often does!).

It is good for showing you the price history of a coin so you can try and figure resistance levels, and it can help with calculating how far a coin may retreat in value during a sell-off. In summary, use them but don't rely on them as Gospel.
663  Bitcoin / Bitcoin Discussion / Re: i hav 0.5 btc ... on: February 20, 2018, 05:29:26 AM
I would keep my 0.5 BTC untouched and raise new funds to invest in other things. There is a good chance that you will receive further airdrop or fork tokens from your Bitcoin like Bitcoin Cash, Bitcoin Gold etc which will increase the overall value. If you feel confident to trade in Bitcoin then go in and out of USDT to take advantage of the dips to grow your coin.
664  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin become a daily currency? on: February 19, 2018, 03:14:32 AM
Not in the way you are suggesting as the transaction times and fees make it completely impractical for small purchases. It can work if you have a crypto Debit card however you store your BTC on the wallet then you spend on the card when you feel the need for anything from a coffee to groceries to gas station fillup for the car. All with no fees or tx charges.
665  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is Big in Japan on: February 18, 2018, 06:28:38 AM
Japan and innovative technology certainly go hand in hand, but I think the Japanese acceptance of Bitcoin is also a direct result of the Band of Japan hard monetary policies with negative interest rates and endless Quantitative Easing. Why pay to store you money in the bank when you can actually increase value over time with Bitcoins?
666  Bitcoin / Bitcoin Discussion / Re: Future of Blockchain? on: February 17, 2018, 09:16:08 AM
Blockchain technology is now both flourishing and evolving into more sophisticated and faster functional versions. Bitcoin was obviously the start of the whole process but the idea for blockchain usage has now spread across a vast number of different industries as a way to keep accurate and reliable data tracking. I think blockchain and its future generations will be around for years to come.
667  Bitcoin / Bitcoin Discussion / Re: What is Paper Wallet? on: February 17, 2018, 09:12:32 AM
The Paper wallet is really your go to emergency backup of your Bitcoin address and would contain your Private Key allowing you to recover a computer based wallet should the hard drive crash or be lost / destroyed in any other way due to fire, theft, virus etc.

You could keep it in a fire proof box at home or locked away securely somewhere else.
668  Bitcoin / Bitcoin Discussion / Re: Is the risk of mining high? on: February 17, 2018, 09:02:07 AM
Simply put if you are a lone individual just thinking about getting into Bitcoin mining now then DON'T bother, your initial outlay investment and power usage will far out outweigh your potential mining fees. You are better off to try Proof Of Stake or mining some new altcoins instead.
669  Bitcoin / Bitcoin Discussion / Re: KFC Canada Is Accepting Bitcoin for Fried Chicken on: February 16, 2018, 05:49:10 AM
I have seen marketing messages like this over the past couple of months but to me, this is still thinking inside the box. I have had my crypto debit card now for almost 2 months it is backed by Mastercard and it comes from a US provider that is following all the proper regulations. I can spend any one of 14 cryptocurrencies with zero tx fees anywhere on the planet in millions of stores and for online shopping. I have bought a Pizza with XRP, a Samsung phone with ETH and drink in a nightclub with BTC.

I can also withdraw local currency from any ATM, seriously this is the future and its already here.
670  Bitcoin / Bitcoin Discussion / Re: Buy when market is Red on: February 15, 2018, 06:57:38 AM
This does have some merit but you need to take a view over a longer time period than just a few hours or a down day otherwise you may still be purchasing a rapidly depreciating asset. I think it works well to stagger your purchases over 3 or 4 separate times. That way if the market continues to drop you will get an overall lower average buy-in price.
671  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] PROOF: Blockchain-powered Marketplace - Proof Token sale has BEGUN! on: February 15, 2018, 06:54:26 AM
Have been holding my PRFT tokens since they were released, but it is a struggle to find godd information and updates on the project. Since your Slack channel doesn't accept new sign ups have you thought about setting up a Telegram channel for the community?
672  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO or Airdrop? on: February 14, 2018, 05:00:13 AM
I think the landscape is now changing and although companies are still going through the ICO process many of these are now completing at pre-sale stage ie hitting their Hard Cap and so to keep the followers happy they are carrying on with a limited airdrop to distribute the token to a wider audience. If yu can buy what you wantin an ICO I think it is alwasy going to be better then receiving a small share from an Airdrop, but both have their pluses.
673  Economy / Speculation / Re: Bitcoin price is recovering! on: February 14, 2018, 04:56:51 AM
Bitcoin has certainly bounced off the recent low of around $6,000 but it is still a little early to call a recovery. The chart pattern of the past 4 years will show you that January - February has been a Bear market for BTC. 2 more days until the Chinese New Year so I think we will have a clearer picture next week if the recovery is underway.
674  Bitcoin / Bitcoin Discussion / Re: Banks will use blockchain on: February 14, 2018, 04:53:56 AM
I am pretty certain that banks will adopt the blockchainto assist in the traceability of money transfers and to streamline their businesses. Ripple is one element of this that is already being adopted and I have also heard reports that VISA will be using blockchain to transfer funds and to log transactions. Just a matter of time until its adoption spreads.
675  Bitcoin / Bitcoin Discussion / Re: Blockchain-Friendly Arizona Moves to Allow Bitcoin Tax Payments on: February 13, 2018, 07:50:39 AM
This sounds like a progressive and welcome move, and also falls in line with the current stance of the overall government to treat transactions in crypto for tax purposes. For greater flexibility look at getting yourself a crypto Debit card there is one US Based one now which supports 14 currencies and works very well  Smiley
676  Economy / Service Discussion / Re: Starting to learn a new job in bitcoin forum on: February 12, 2018, 05:17:28 AM
Unless you are a true native speaker of a language other than English then you should stay away from translation bounties. You also need to have a good understanding of technology and blockchains. In most cases you would also be required to moderate the channel afterwards so be prepared to put the work in and research the company.
677  Bitcoin / Bitcoin Discussion / Re: Bitcoin in Korea back on track on: February 11, 2018, 06:36:21 AM
From the start I never believed the stories that governements were going to ban Bitcoin usage. What they do want to do is put in place stricter controls so that individuals interacting with exchanges can be easily identified and this at some future point will lead to taxation of profits I would wager.
678  Economy / Speculation / Re: Many bitcoin holders have a fear they think it' bobble on: February 11, 2018, 06:32:06 AM
I am guessing that we won't see a steady recovery in Bitcoin until after the Chinese New Year. So that will be this coming Friday 16th February they have their customs about investing around this time so I think after next week we will have better indications. Bitcoin has always been somewhat volatile so for me this period doesn't look much different.
679  Bitcoin / Bitcoin Discussion / Re: how are you increasing your BTC portfolio? on: February 10, 2018, 09:06:42 AM
I have a range of coins at the moment some are ICO coins and others I see as good appreciation possibilities during the next 12 months. Two of my coins will be paying me dividend in Bitcoin on profits so that can be stored straight away, others I wil lconvert into either Bitcoin or ETH once they have risen to my target values.

I am also taking part in Bounty campaigns to generate additional resources, seems logical as I am online each day anyway.
680  Bitcoin / Bitcoin Discussion / Re: WTF is Bitcoin? on: February 10, 2018, 09:03:20 AM
Bitcoin is a digital currency with limited issuance and a register shared by many people to act as a conscensus for the transfer of coins between parties. There is no point in comparing Bitcoin with Gold except to say that they both can be used as a store of wealth and held outside of the current FIAT based money system. I have both as a hedge against problems down the road.
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