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Alternate cryptocurrencies / Altcoin Discussion / Re: Market has woken up
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on: July 04, 2018, 09:40:29 PM
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In mу оpiniоn, thе mаrkеt slоwlу but surеlу grоws. I think this mау bе thе bеginning оf а nеw еrа, but еvеrуthing will shоw thе timе. I аm vеrу hаppу whеn I sее hоw thе mаrkеt is grоwing. I rеаllу nееd tо givе thеm а stеаdу incоmе likе giving thеm а businеss.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do we really need to hold altcoins
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on: June 29, 2018, 12:26:01 PM
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I buy altcoins because I believe in what these new coins may do in the future. Just like the internet, we had improvements and new competitors in the market. This stuff is early and we have no idea really what things will look like when we start seeing adoption, at the moment all these altcoins are based on potential
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to recognize scam
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on: June 29, 2018, 08:37:49 AM
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Here are some common features to look out for: Guarantees of high profit/interest rates Referral/affiliate schemes Ambiguous details on how it actually works Minimal to no information on founding team or company Difficulty in withdrawal of funds
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Alternate cryptocurrencies / Altcoin Discussion / Re: Major benefit of Ethereum?
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on: June 27, 2018, 10:03:22 AM
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Ethereum is not just a digital currency. It is a blockchain-based platform with many aspects. It features smart contracts, the Ethereum Virtual Machine (EVM) and it uses its currency called ether for peer-to-peer contracts. Ethereum’s smart contracts use blockchain stored applications for contract negotiation and facilitation. The benefit of these contracts is that the blockchain provides a decentralized way to verify and enforce them. The decentralized aspect makes it incredibly difficult for fraud or censorship. Ethereum’s smart contracts aim to provide greater security than traditional contracts and bring down the associated costs.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Advantage of BITCOIN
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on: June 27, 2018, 09:50:30 AM
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One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. Bitcoin purchases are discrete. Purchases Are Not Taxed. Very Low Transaction Fees. And no Third-party Interruptions
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Alternate cryptocurrencies / Altcoin Discussion / Re: Do we Need Altcoin?
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on: June 24, 2018, 11:05:29 AM
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We do. Most altcoins are peer-to-peer, involve a mining process by which users solve difficult problems to unlock blocks, and offer efficient and cheap ways to carry out transactions on the web. But even with many overlapping features, altcoins vary widely from each other - altocoins differ themselves from bitcoin with a range of procedural variations, including different proof-of-work algorithms, different means by which users can sacrifice energy to mine blocks, and application enhancements to increase user anonymity.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Do you believe in crypto long-term?
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on: June 24, 2018, 10:58:12 AM
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Long term? It all depends on what the governments are going to feel. That’s important for valuation of any asset, including cryptocurrencies. But there are lots of potential feelings and lots of governments. Specific resolutions favor some cryptocurrencies over others. But any plausible resolution leaves significant value for at least some cryptocurrencies.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Can i trust crypto / digital currencies?
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on: June 24, 2018, 10:47:13 AM
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What does not help is that monitoring of digital currency is missing. That makes the bitcoin unpredictable, volatile and risky. Due to the deregulated network of cryptocurrency, the virtual currency falls under no guarantee scheme or supervision. One unregulated money is not insured by the bank or an insurer. Whoever gets an attacker can just lose his entire fortune. At the same time, the decentralized character of the currency is also its strength. Precisely because a cryptocurrency is stateless, its value is independent of the economic policy in a country. Extreme devaluations are not possible.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto has gone to shit
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on: June 23, 2018, 03:40:35 PM
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The crypto market moves in cycles – and understanding these cycles is key to profiting, managing risk and keeping sane. (1) Hold more of the things that rise and less of the things that fall, and (2) cycle adjustment, or trying to have more risk exposure when markets rise and less when they fall. Stick to this and then everything will be fine.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Facebook is going to launch cryptocurrency?
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on: June 23, 2018, 06:20:31 AM
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Blockchain enthusiasts see the technology as a way for Facebook to address and solve many of the recent problems it has faced concerning people’s privacy. While there are other cheaper and faster alternatives for protecting user privacy, blockchain allows the users to control their data end-to-end. This might be an attractive use case for Facebook, considering the recent Cambridge Analytica scandal.
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