401
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Bitcoin / Bitcoin Discussion / Re: samsung is riding the blockchain train
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on: April 17, 2018, 06:48:41 AM
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This is great news for the blockchain industry. Obviously Samsung is a huge company and hopefully more companies will join the party. I think if you are a big company and not at least have a reasearch team looking into on the blockchain technology, you will be looked at as not forward thinking.
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403
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Other / Beginners & Help / Re: How Can i create wallet?
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on: April 11, 2018, 09:24:13 PM
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Your wallet will depend on what coins you want to hold and how you want to access your funds. There is no one perfect wallet for all your coins. For ease of access anywhere on any device, I use online Coinbase. For desktop wallet where I can keep my own private keys, I use Electrum for btc, Electrum-ltc for litecoin, and MEW for Ethereum. These serve my needs for now.
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404
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Reaches Toward $7000
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on: April 11, 2018, 09:13:02 PM
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It looks like Bitcoin has a nice support at $6500-7000. Hopefully it takes off again this year. Negative news and FUD have driven many people away from Bitcoin. We just need positive news to bring the attention back. Then it might shoot up to the moon.
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405
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Other / Beginners & Help / Re: Best wallet?
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on: April 10, 2018, 07:47:17 AM
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Your wallet will depend on what coin you want to hold. For me, Bitcoin I use Electrum, litecoin I use electrum-ltc, Ethereum I use MEW, online wallet I use Coinbase/gdax because ease of use and they are fdic insured.
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406
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Bitcoin / Bitcoin Discussion / Re: The Future Of Crypto Market Without Bitcoin?
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on: April 10, 2018, 06:27:25 AM
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Right now Bitcoin is certainly the undisputed leader. But the crypto market is still very much in the early stages of widespread acceptance. So I do think eventually there maybe a few more cryptos that will rival Bitcoin at the top. It’s pretty hard to start at the top and stay there indefinitely. Therefore I choose to also invest in other coins as well to spread the risk and hopefully reap the rewards.
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407
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Other / Beginners & Help / Re: Who uses paper wallets
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on: April 09, 2018, 08:15:14 AM
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I think paper wallet is the old school method that people use to take their coins offline. Although many people still use that method, most people are moving towards hardware wallets for cold storage.
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409
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Other / Beginners & Help / Re: Online Wallets vs Hardware Wallets
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on: April 07, 2018, 07:45:40 PM
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Online wallets are basically any wallets that you can access anywhere from any machine. They are convenient if you want fast access to your funds. But that convenience comes with the risk of the wallet getting hacked. It’s happened to many people before. Hardware wallets like Nano Ledger or Trezor are offline wallets. They are less proned to hacking but obviously not as convenient since you need to have the hardware device to get to your funds. There is really no perfect wallet. There are advantages and disadvantages to all of them.
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412
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining , still worth it?
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on: March 28, 2018, 06:52:34 PM
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I’m not really sure if mining is worth it at the moment since the crypto market is significantly down. It’s almost better if you just buy the coins at market prices. If you buy equipment now to mine, it might take you a couple years to get the return on your investment. That’s at market prices and if it doesn’t drop even more.
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414
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Other / Off-topic / Re: Do you buy from online stores/shops ??
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on: March 28, 2018, 05:47:41 AM
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Of course nowadays we all shop online to some extent. Sometimes it’s a much more convenient way to shop. Certain items are harder to find locally so you might have to go to Amazon or EBay to get them. Example is it’s almost impossible to find vintage or collectible items unless you expand your search globally.
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415
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Other / Off-topic / Re: Crypto will ever replace Fiat?
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on: March 28, 2018, 05:41:36 AM
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I think we are on the way to a cashless society. It’s a more convenient way to transact. The fiat curriencies that we know today will be pegged to their individual coins. The traditional fiat currencies will still exist in that sense but the actual method of exchange will be done electronically. It will be many many many years down the road for the transition to happen.
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416
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Other / Off-topic / Re: What wallets do you use?
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on: March 28, 2018, 05:31:40 AM
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I use Electrum for desktop btc wallet, Electrum-ltc for litecoin wallet, Myetherwallet for Etc, and Coinbase/gdax for exchange wallet. I’m looking at either Trezor or Nano Ledger for hardware wallet down the road.
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419
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Other / Beginners & Help / Re: First Time
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on: March 13, 2018, 08:38:03 AM
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Have patience and do not rush in this new adventure. Do as much research and learning as you can. Then when you feel more comfortable about the crypto world, invest a bit money so you will have some real world experience. You can even earn free crypto currency by participating in some bounties. This forum has a wealth of information and members are extremely knowledgeable. Good luck and welcome aboard!
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