There are many cryptocurrencies out there, the fluctuation is wide and big. There’s a need of a coin that uses a process to stabilize its value.
No doubt that there is no other cryptocurrency or altcoin that can supersede the bitcoin. At least not for the next 5-10 years. Of course there are many rising competitors like Ethereum, ripple and litecoin.
Do you agree???
As time passes by, some cryptocurrencies grows more and more meaning someday sooner, bitcoin can be replaced by another cryptocurrency. Though it is possible, it will take a very long time before that happens considering the fact that bitcoin's value at the moment is still very expensive and is still too far from any other cryptocurrency existing.
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I just created this thread to gather opinions .. Ethereum is next to BTC?
Ethereum and bitcoin has been a very good investment for many this past few years and ethereum never failed at following bitcoin's growing value. We can really say that Ethereum is next to bitcoin but it doesn't have the capability to surpass bitcoin nor get near to its price, maybe its value will grow too like bitcoin but it would take up a lot of time before it gets near to bitcoin's.
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What is a good amount to start with when investing into crypto?
I see lots of posts about “I have $100 / $200, what should I buy” and most of the time the answers are with that amount just invest in an ICO etc etc.
I would be interested to know what people here consider a good starting amount to invest...and I know the basics of not investing more than you can afford to loose but for arguements sake, what’s a good number to start with?
I’m not so much interested from a whale perspective of investing like $500k or $1mill, more so the normal everyday average joe male/female investor who wants to dabble in the crypto market. Would it be $1k, $2k, $5k, $10k, $20k etc? People new to the game or interested to start investing in this space may find this useful so they know a rough number which would be a good starting point before turning that into riches (the obvious dream).
For reference I initially started with about $3k (it’s not loads but it was a start) and over time I’ve added more and more (it gets addicting) into the pot as and when I have the money to spend and when the time seems good to buy.
I don't think there's an exact amount that can be considered a good one for investments. As long as the value is lower than it is before, it is good to invest and hold while waiting for its value to grow again. We should always be smart with our investment and always find a good timing that will help us earn large amount of money afterwards.
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I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund. So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it? What will be a wise kove to do with the noney you have saved up?
You are the one to decide whether you'll keep on holding your savings or you'll spend some of it. You have all the freedom but you should be responsible enough to know that your savings should be more likely to be used for emergency or shortage purposes so that you can rely on something if ever you ended up being broke.
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If you are walking on the road and enjoying a nice day at the nearby park it's all because someone paid their taxes. Taxes helps a lot , I have seen people frowning over about how they don't want to pay any taxes and as such. Government ensures that if you earn over a certain amount then for sure you can contribute in the making of your country. It's only if you are able to. Taxes helps in :
Paying the salary of government employees Making of roads Public schools Parks run by the government Maintenance fees Making government hospitals Making high schools ... The list is endless
We all use all these services at one part of the life or other therefore we can just consider it a little payment for that . People frown how government is corrupt , it is but not entirely if it was then you woont see new projects coming up in your town or city.
It's just our responsibility to pay taxes, we shouldn't run from it because it will more or so be used for everyone out there in your country , you are indirectly helping others too through paying them , the less advantageous ones.
Also one might say government can print all the money they need , but that's not the case ..the more money a government prints the lower the value of their currency gets which genrally have adverse effects in many sectors.
Taxes aren't meant for burden for those who are working. It has other purpose that we often miss. Most of the time, our taxes are being used for scholarships, infrastractures and for anything that will help the country's innovation. We should always be honest and pay our tax in time so that we can atleast help our country and our fellow country men little by little.
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As a digital payment system virtual currency has its own reputation. Bitcoin raised as strong virtual currency in 2010. Today’s global currency is developed in different way and comparing with others currency bitcoin is like more valuable than gold. Good reflection and better control system can make more valuable in economic sector. now by the help of bitcoin selling and buying system is easier than other transection. At age of technology we can collect or hire so many proficient worker for the purpose of different sector’s development and then we can provide their salary through bitcoins because of its popularity. On above this conversation we don’t need to worry about future of virtual currency or bitcoins.
The future of digital coins in this world is still hard to predict since there are a lot of changes needed to be done before cryptocurrencies can be used in all the places of the world legally. It will mainly affect the balance of the economy and the way we hold our money. It will take up a lot of time but let us keep on hoping that digital coins like bitcoin will survive in the future.
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Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
As you've mentioned, it has been a tradition for bitcoin to go down real hard whenever it goes up high unexpectedly. Though this kind of events are being normal already, you should just set yourself ready whenever you are feeling that one is so close from happening or you can use the opportunity to buy plenty and hold it up until it rises once again.
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Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.
Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.
Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.
An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often: - insufficiently secured user accounts due to weak passwords - Login on a phishing site - send the private keys to a scammer
If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.
But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen. The high demand and high competition between exchanges has also contributed to the improvement of safety standards.
How make you sure to safe your Bitcoins?
The safeness of bitcoin usually depends on yourself on how you store and what kind of wallets you are using. Bitcoin can be a very safe place if you are using a trustworthy storage which can help you from being worry free over all you earnings. Always be smart and wise in choosing a wallet or hardware wallet so that you can avoid getting hacked and stolen.
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But the biggest fuck-up of all: Lightning Network / Lightning Labs is led by Elizabeth Stark. If you like train wrecks, get Elizabeth to lead us there. You can see for yourself how Lightning works... There are no rules over having a woman here in crypto. Everyone is free to invest and try bitcoin out if they want to, you cannot stop them nor limit then on investing here in bitcoin. We should all remember that bitcoin sets no limit according to your gender, race, age or religion, as long as you are knowledgeable enough here, you can invest on bitcoin.
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If you want to secure your bitcoin there are two ways to keep safe it. 1. Online wallets. 2. Hardware wallets. If you chose number one you have to take some steps for keep safe your bitcoin. 1. Take a very heard password. 2. Keep your password in a very secure place. 3. Don't save your password in online. 4. Activate two step authentication. 5. Don't share your password to any one. For your help give some trusted wallet links... 1. https://www.coinbase.com2. https://www.coinpayments.net3. https://www.blockchain.comIf you chose number two you have to pay some money for keep safe your bitcoin but i think this is better to keep your bitcoin in a hardware wallet. It is more safe then any online wallets... For your help i give some trusted hardware wallets link. 1. https://www.shiftcrypto.ch/2. https://www.ledgerwallet.com/3. https://opendime.com/4. https://trezor.io/5. https://tangem.com/So now its your choice that how to keep safe your bitcoin now.......😊😊😊😊😊 Your ever😊 This is a good thing for everybody. Not everyone has the knowledge on how they can make sure that their bitcoin is well secured. Being carefree can lead you from loosing plenty of money so you should be smart and wise in storing your bitcoin. You should always consider that having a good wallet can help you on having a good investment.
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I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Both can be a good investment but I think bitcoin is way more better than banks. We should atleast think about the volatility of the two wherein bitcoin has a higher volatility but there's a possibility of falling down while banks has constant volatility which doesn't have any threat of falling down. Amidst all the risk you can see on investing in bitcoin, you should still look forward on how big the reward is.
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#JOIN
Bitcointalk username: Kanda Yu Forum rank: Member Posts count: 211 ETH address: 0x14E96b182a1891630EC1B59126F8f3e6e04E772F
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I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and dominate.
This market is made to make money and profit from noobs it's like a bitconnect scheme. Every dollar that is made by someone, someone will lose money. Every dollar that is made in this system will be sold to fiat and if there is low btc buy power it will mean that btc will only keep going down. This market is basically made to make money from new users like a scheme. For example can you actually believe that if you would've put 10k usd into bitconnect you would have a monthly return of about 4500 every month by lending? This is unbelievably high which again means for every btc/dollar you lend out into this cryptocurrency system = someone will lose money that's the main reason this market won't be there for long. Because it's basically a pyramid scheme.
That maybe true where those in the higher positions are just making money out of us but as far as we're concern, we are also earning big here amidst that system being more dominant nowadays. We should not sell out everything all of a sudden or else we will totally regret it afterwards if ever the price rises up once again.
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This morning I saw an article where a guy made a simple calculation through Google trends about HODL strategy, and it showed that call to HODL used less and less from February of 2018. Popularity of word Bitcoin and crypto currency is also falling down. Why it is so? Do not people believe in Bitcoin and it's bright future anymore? No matter on such tend I am going to HODL my founds till bitcoin will not come back to 20k$ It will really happen in the future and even now where the hodl strategy will not be patronized by people anymore. As time passes by and as the value continues to fall down, more and more people will not hold anymore since nothing's happening and things are just getting worst. We should always know when to hold and not so our time wouldn't be wasted.
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kinda strange when investing in a volitile market. you can spend 10,000 $ into the market in january and come out less. than what a person invested in april with 10,000 $.
I agree. No matter how much money you spent for your investment, if you didn't wait for a good timing, everything will still make no sense. You should be smart with your investment and value is a very big deal when picking a right timing so always mind the market and take a look if it is in red then start investing.
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In recent years, blockchain technologies have given rise to a new industry. Numerous fintech startups create innovative solutions to radically change the world which we live in today. SWIFT 2.0 on BlockchainRipple Labs, Inc. – a company developing cryptocurrency of the same name (Ripple) – is a good example of how the blockchain can be used to transform the landscape of modern financial transactions. Ripple solves the existing problem in the world of finance. Today, we can send letters instantly by using emails instead of traditional postal service. We can send any information to anywhere in the world in one click. But we can’t say the same about money. We can’t make a transfer of money from a sender to receiver as fast as a transfer of information. The existing solutions that the current world can offer are very slow and expensive. If you want to send, say, $10,000 from New York to London, it will be faster to take cash, go to the JFK airport and fly through the Atlantic on the plane. Because traditional interbank transfer will take from 2 to 5 working days. Ripple makes cross-border payments faster and cheaper. It takes only 4 seconds to make a transaction through Ripple blockchain network, and it costs at roughly $0.0004 even for the amount of hundreds million dollars. Crypto DerivativesStep by step, cryptocurrency is being recognized by the traditional financial world as a new kind of digital asset with many benefits. Wall Street approached crypto by establishing derivatives contracts. In December 2017, the two largest U.S. Futures Exchanges – Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME) – launched futures trading on Bitcoin. This opened up crypto-market for big money of institutional clients and hedge funds. Since the launch of futures, there has been a heated debate about the expected Bitcoin ETFs on New York Stock Exchange (NYSE). If this is launched, you will be able to buy shares of such ETFs as stocks which price will be correlated with the price of Bitcoin. Next level of crypto derivatives is option contracts, both options on Bitcoin futures and options on Bitcoin itself. Whilst CBOE and CME are still discussing the possible launch of options on Bitcoin futures, the Bitcoin options already being traded on several crypto-exchanges such as LedgerX and Deribit. After the BubbleThe tech sector of U.S. stock market is determined by the NASDAQ indexes that include stocks of numerous tech companies, and many of them were born during the famous Dotcom bubble in 1995-2002. At its climax in March 2000, NASDAQ Composite index peaked at a high of over 5,000 points and then lost about 80% of its value dropping to a low of around 1,000 points in October 2002. A new all-time high has been reached only after 15 years in 2015, surpassing the level made during the Dotcom bubble. The charts of NASDAQ index in 1999-2000 and Bitcoin price in 2017-2018 are incredibly similar, with the only difference that velocity of Bitcoin price increase is several times faster than the velocity of NASDAQ growth. Many companies created during the Dotcom bubble were really ahead of their time. For example, Amazon, which was founded in 1997 as an online bookstore, is now among world’s top-5 tech companies. Amazon has finally become an integral part of lives of the most U.S. residents but this has happened only with the passage of time and the introduction of the Internet into everyday life. The same happens with Crypto now. Today, the blockchain technology is really ahead of its time. It is possible that after several years many blockchain projects will be implemented in the real world, and Crypto will emerge from a new Renaissance. Until then, the Bitcoin price can possibly suffer decline and continuous depression, just as NASDAQ did. The recent sharp drop in the crypto market caused the decrease in volatility and the decline in public interest. The initial excitement is gone now and the market has calmed down. This is a sign that the new market is moving into the maturity phase. Big money like quiet markets. So, news has begun to come that hedge funds with the money of Soros, Rockefeller, and even Rothschilds family are moving into the world of crypto. These financial sharks seem confident in the bright future of crypto-markets. And the most interesting time is yet to come. Read full article here: https://bokka.com/cryptocurrency-news/the-future-of-cryptocurrency/We can all make assumptions over what will happen with crypto in the future but we should still remember that those assumptions we are making are not yet assured since things here in crypto world are very confusing. Just take a look on what's happening now, no matter how much we say things will get better, things are still getting worst but that doesn't really mean we should stop hoping, we can and we should.
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With all the good news coming out in favor of bitcoin like Expedia accepting bitcoin etc it's time to buy with the price going down. You will not be so lucky next week. I strongly believe it's going to reach $700 by end of next week! It is a very good time to buy right now for real but we should not keep on hoping that the value will go down continuously or else our holdings will be nonsense since it will not be growing. Let us buy as many as we can then continue on holding and hoping that the value will grow the soonest so that we can benefit as early as possible.
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If you are walking on the road and enjoying a nice day at the nearby park it's all because someone paid their taxes. Taxes helps a lot , I have seen people frowning over about how they don't want to pay any taxes and as such. Government ensures that if you earn over a certain amount then for sure you can contribute in the making of your country. It's only if you are able to. Taxes helps in :
Paying the salary of government employees Making of roads Public schools Parks run by the government Maintenance fees Making government hospitals Making high schools ... The list is endless
We all use all these services at one part of the life or other therefore we can just consider it a little payment for that . People frown how government is corrupt , it is but not entirely if it was then you woont see new projects coming up in your town or city.
It's just our responsibility to pay taxes, we shouldn't run from it because it will more or so be used for everyone out there in your country , you are indirectly helping others too through paying them , the less advantageous ones.
Also one might say government can print all the money they need , but that's not the case ..the more money a government prints the lower the value of their currency gets which genrally have adverse effects in many sectors.
As you've mentioned, taxes are not just a burden over our profit instead it has a purpose too, to make the community or nation better. We should always pay taxes no matter what so that atleast we know in ourselves that we've helped for the innovation of our country. Let us just hope it isn't being used for some personal purposes by greedy politicians.
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
I think bitcoin may possibly get legitimacy at all country but it would take a long time since it was currently banned already on some countries. If only bitcoin would clear its name and show all the countries of the world that it does not pose any threat, maybe we will sooner get bitcoin legitimate all over the world.
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Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
Five years is a long time but for now, it would be difficult for us to make predictions since everything in crypto us quite in a mess right now so maybe it will take time first before anything goof happens again. We should just keep our hopes high in bitcoin and other crypto and believe that it will have a bright future.
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