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1  Economy / Trading Discussion / Re: What exchange and wallet to use? on: December 05, 2017, 09:52:53 PM
There is no one paper wallet. For every cryptocurrency, you'll require a different software from which you can then produce private keys that you can print along with the public address that you should store in vaults. Then you should bury these vaults in the ground and pour concrete over them.

Just kidding:)

But the good news is that since many tokens are based on the Ethereum ERC20 token specs, you can print paper wallets for these tokens from one wallet app, e.g. myetherwallet.
2  Economy / Services / Re: [WTH] BTC Escrow service on: December 05, 2017, 12:39:42 AM
I'm really excited about decentralized mixing services and wondering if anyone has figure it out yet..
3  Economy / Economics / Re: Bitcoin vs Ethereum after 5 years? on: December 05, 2017, 12:17:25 AM
You should very carefully look into tokenomics of both. Close to 5 million btc are "lost." There are also "unspendable" bitcoin amounts since transaction fees cost more than the amount linked to some addresses (UTXOs). So there will be less than 15 million bitcoin to play with by the time all the miners rewards expire. Ethereum is an inflationary currency. Look at the details of how it's produced. The number of Eth will probably stabilize between 100-200 million units. Depending on how popular Eth gets and if demand grows exponentially that may not be a problem, so Eth can come close. Bitcoin would have hit >$1M in value per unit if it wasn't for all the competition. BCH, LTC, Dash and numerous other in existence and yet to be conceived will drain market cap from Bitcoin.

One of the few securities investment theories to apply to long term crypto investment is diversify. For the sake of your future children (and sanity)!
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin First Billionaire: Winklevoss Twins on: December 05, 2017, 12:08:53 AM
Roger Ver is probably the world's first publicly known figure who holds 1B USD in Bitcoin.
5  Bitcoin / Bitcoin Discussion / Re: Getting into bitcoin with only $25 on: December 04, 2017, 09:48:40 PM
You should not think about it in terms of amount invested. As someone new to investing, you should only consider two things:

  • Potential ROI
  • Transaction Fees

Potential ROI is return on investment. Whether you put in $25 or 25,000, ROI is important. However, when you're investing smaller amounts, you can take more risk. Look for a token that has the potential for 100-1000% returns. Bitcoin is "safer," but the return on 25 if it goes up 10% over the next couple months is $2.50. Not much as you can see. Try your hand at something more risky!

Transaction fees are not usually an issue on exchanges, but there are sometimes purchase minimums so keep that in mind. However, Bitcoin is not fungible currently, which means here that it isn't easily divisible into small amounts. Sometimes, Bitcoin can cost up to $10 to send to another address. So if you send your bitcoin to someone else, you would only be able to send $15! That's a loss (friction) of 40%. Not a good thing...

If I were you, find a cool token to invest in without question.
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