When I use exchanges I send either ether or litecoin. Both are cheaper and faster than bitcoin.
Ethereum is not cheap anymore, most exchanges are asking you to pay 0.01 ETH for fees, that is equal to $13 at the moment, and that is HUGE. That is why i am always trying to make withdrawals using Litecoin at the moment, they are only charging 0.001 LTC in most exchanges (about $0,25) And it is funny, because most exchanges are accepting litecoin right now. Honestly I rarely send bitcoin and Ethereum directly, because you know the current fee for every bitcoin transaction on most of the exchange can reach BTC0.001 ($ 11) per transaction, even c-cex asks for a fee of BTC0.002 ($ 22) for a single transaction, as well as Ethereum, so usually I use another altcoin to send my coin, sometimes I use litecoin and doge. because fee are cheap around 0.001 LTC ($0.25) for Litecoin and 1-10 doge ($0.04) for dogecoin and ofcourse almost every exchange accept litecoin and doge |
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The market so far has been down for the year. When do you feel the market will recover? Too much FUD going around with negative news floating around. Will Bitcoin go down further to USD 8-9k??
because of that fake news the price of bitcoin currency will not jump up the only thing we can do is wait and while you are waiting until the bitcoin price will increase again if you have some extra money keep buying bitcoin because it might be increase again in the next few days or next month. We know that panic is still happening, fud, rumors, hoaxes are happening everywhere and it makes users panic and sell their bitcoin, let alone falling prices worsen the situation. I know there are many people must be afraid to hold their bitcoin because of prices that do not go up. I will say that be patient dude! if you get in a panic and lots of users also experience it. then bitcoin will get worse. so be patient and do not panic. wait a few days or several weeks ahead. I'm sure if many users think the same bitcoin price will re-recover |
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If for some reason BTC were to just not exist or have some huge issue where no one was using it, I think ETH would be the #1 coin. But, that's just out of the current coins. There very well could be something else come along tomorrow that would take it's place.
I think that in the future bitcoin is only used for investment only. not for currency or payment options. yeah you know there are a lot of problems that descend like increasingly expensive fees and so forth, of course people will prefer to use altcoin to transaction which has a cheaper fee, but that doesnt mean bitcoin have bad future. I see Ethereum as a potential coin in the future. cheap fees (now) and innovative technologies that may be widely used by many developers and users. |
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False, when bitcoin goes down, altcoins goes down too. What can we expect from this newbie? Nothing. The prices are always following bitcoin's pattern, when did you see that altcoins are always going up? otherwise, i would be millionaire right now. Yes, will altcoins survive. Investments in altcoins like Bitcoin have started to invest.When Bitcoin price increases,altcoins price increases.The price of altcoins does not decrease when Bitcoin price increases.
I think not always altcoin prices follow bitcoin prices, sometimes the price of bitcoin down but altcoin price get up. this happened a few days ago when bitcoin price dropped precisely Ethereum price rise. besides some altcoins also have exchange rates not just on bitcoin but in other currencies like dollar, euro, gbp, etc but I think the popularity of altcoin have directly proportional with bitcoin popularity, when bitcoin gets more popular then altcoin also gains an influence, becoming increasingly popular as well |
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I also use bitcoin when I do tasks and receive payments from different person. Bitcoin helps me receive money in a faster way and all the tasks I do is being paid by either bitcoin or other cryptocurrency like ethereum and tokens. Bitcoin is one of the good and smartest way to be paid.
I would not say bitcoin has a fast transaction with a cheap fee. if you want to use bitcoin for payment and are reluctant to wait a long time. then you have to pay a more expensive fee. I use bitcoin for payment not because bitcoin has a fast transaction. but anonymous on bitcoin! making my transactions undercover and making my identity safe. I liked these features and facilities |
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Where is that $200 worth of bitcoin now? Traded with it or just kept it? It's worth a small fortune now.
Well i believe that bitcoin and altcoin is really a good way to invest for a good profit in the near future through holding on it maybe holding it in a few days will become also profitable depending on the movement of the correzponding price of both btc and alt we really need to have qn investment on both alt and btc to make a basis . I think if you only hold $200 worth to bitcoin the profit you will get will not be too big dude. for example bitcoin prices rose 2-fold and even then will be difficult to happen. the profit you will get is only $200~. the profits will not be great if you just hold on with little capital. it would be better if you cultivate/grow it you can earn a profit many times in a short time, for example using trading, binary, etc |
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I buy bitcoin every months with 50% proceed from my salary. And I know a couple of friend that do the same thing! Of interest to you is a friend of mine that buy bitcoin with all of his salary! How does he survive? I do not know.
I think this is a strange question, although some users take from bounty or other free way to get bitcoin but of course many people buy bitcoin with their real money. and I am also the proof, I myself start a business and invest in bitcoin with the capital from my stash. and then I bought bitcoin a few years ago. the logic is the marketcaps continues to grow bigger and of course many people start to adopt and invest in bitcoin with money from their wallets/bank |
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After today's big drop it is again too early to get involved into Bitcoin. Best thing would have been to have some buy orders sitting on Gdax at 9250$ today - you'd already make a good gain by now.
of course you're not too late. see bitcoin prices go down very deep today and make bitcoin prices to be very cheap nowadays. I think this is a great opportunity for you to buy bitcoin. do not miss this opportunity. before bitcoin prices do recover better buy bitcoin at the moment. I'm sure you will not be disappointed and you'll find the profit in the next few weeks |
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I honestly don't think it'll happen, certainly not in 15 years... In 100 years maybe?
Yeah I also agree with it, bitcoin can't replace dollar for to short of time. But maybe in 100 years from now will see. even for the long term bitcoin will not be able to replace the dollar. here the government plays an important role. you can see the government's influence on bitcoin itself. when bitcoin is prohibited to circulate in a country with the ease give effecting to the bitcoin price in the market, I think any government will not want to replace their local currency to be replaced with bitcoin. it might make more sense if bitcoins replace the dollar only in terms for the international currency |
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As far as I know from my mentors, they say that bitcoin is legal and can be converted to cash whenever you wish for either in your country currency, or in dollar.
Yes, if we use bitcoin by converting it into cash then it is not prohibited, because in my country also recommended for it, but if transaction with bitcoin is not directly allowed. I think if a country has banned bitcoin and made a law and regulation to ban bitcoin, then any form of activity in bitcoin including transactions, sell for cash, buy bitcoin, etc is an illegal thing dude, even in some countries that forbid bitcoin, exchange sites are banned and blocked from operating, so I think it will depend on regulation in your own country, but you know you could just swap cash at other exchange sites because there are hundreds of exchange sites on the internet |
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Probably in a far future we'll live in a cashless society.
But at present there is still a long way, as there are billions of people without bank account or cell phone.
I think only old people and poor people who do not use the phone and do not have a bank account. I see developments in the world, even young children now have a special bank account for them. the more rapid technological developments, we can not avoid it, the more days people prefer to shop online rather than go to the physical store, the more there is a new method of payment online, it is a small signal that cash will be increasingly rarely used |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
dude you should have a backup plan who knows what will be the value of bitcoin tomorrow or future you should have the right knowledge before investing in it I think all users will think about it after they experience it right now. they will think that backup plan is very important especially when bitcoin price goes down. that using all your money for investment is risky thing. because when the price drops very deep it will give you a huge loss if you do cut lose? and you will find it difficult to pay for your needs because all your money is in bitcoin? then the backup plan or financial plan is very good to be formulated before making an investment |
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What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?
How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
If that happens of course the price of the bitcoin will fall even go to $0. but now bitcoin prices are increasingly falling, hopefully it will not continue if more and more people are selling then the less buy then price of bitcoin will go down. as it currently happen seems the volume of bitcoin buyers is less than the volume of people selling bitcoins. but that's a common thing in a market. let alone bitcoin have fluctuating of course it will change very often. actually for now it is not possible all users stop buying bitcoins. because demand will always be there to see bitcoin has millions of users |
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As long as there are price swings, it will continue to be a profitable market. The real question is, profitable for whom? It is no different from any other market, people that manage to perform good analysis or people with insider knowledge are the ones who will be making money in this market.
yep if you manage to read market swings well, you can make a lot of profits of course only people who have the skills to be able to read the market, do the analysis, and a lot of knowledge about cryptocurrency market that has a great chance to profit in trading, so to be able to profit from trading you have to sharpen your skills do not depend on luck dude, experience will make you become even more powerful in market analysis and reading market, thats the key to profit in trading |
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You can buy for a long-term perspective at any time, and if you want to quickly make a profit, you need to buy when the price has fallen as much as possible and sell when it reaches the optimal level.
Yes, but there is no definite time to buy it, maybe you bought it today and see it rise tomorrow, but actually we can not predict anything about the price of Bitcoin, well Maybe you buy today and tomorrow it will fall deep I think with great calculations you can have more insight into the price changes that occur on a coin dude. if trading depends only on luck of course only a few people who use bitcoin for their main income? in fact there are many people who depend on earnings in the trade, because they have the skills and knowledge that can tell them when to buy and sell then get profit |
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Which is more risky buying a token from the ICO or in trading?
I guess either of the two is okay,It's based on your personal Bias.when you do your due diligence and research well,you would have all reasons to relax your mind and take some chill expecting your investment to yield huge returns either in the long or short run. Their some Projects in their ico phase that would bring you Huge ROI so as they are some Alt coins trading with Huge Returns as well,It's all based on how much and how well you can research. I think both are at risk and the level of risk varies each person. yeah i think it will depend on your skills also in doing research. if you're good at doing analysis in both, why not choose both? would not that give you a big profit ? the most important thing is you can do the proper financial manage for yourself. how to divide money between ICO, trading, save, etc. |
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a cashless world can only work with a decentaralized system, not a centralized autorithy like bank and governmetns, so bitcoin is the correct answer for this
therefore only if somethign like bitcoin will be very big, you can get rid of cash completely
Well for me the most fearfull thing about cashless society are the "HACKERS" Why ? Simple because, when you say cashless it means that all the transaction are done online. Therefore many hackers are possible to attact, the money of the people. Its will be easy for them to, steal money from investors or even ordinary person. And it I think the big challenge when the cashless society comes. thats true, you know that there are many people on the internet who have the greatness to hack despite having good security. but I do not think the government will adopt a system without a mature calculation. of course the government will see whether the security in cashless is good enough or not. if not necessarily the government will develop a decent security benefit their community. I myself believe in the government they will definitely do the best for their community |
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do not be mistaken if bitcoin becomes international currency, even now I have heard bitcoin has become international currency. and I am quite sure that currently in most countries in the world, you can meet with people who can sell something for bitcoin. to prove that bitcoin is the more international currency you are looking for a store that has received bitcoin, but since we are observing market trends you will not find many stores therefore it should soon change great.
For now only few stores are accepting bitcoin but soon they will adopt with bitcoin because they know the popularity of bitcoin will drive their sales up, it's a win-win for both investors and users of bitcoin as when circulation is bigger and popularity will be higher it will only lead to a price increase which we all want that is why we are holding bitcoins. I think bitcoin is international currency because bitcoin use in every country and its transaction is very easy, so government will accept bitcoin very soon because bitcoin is very helpful for people and today they live in comfortable which government didn't gave them as like they deserve. I think it will not be that easy bitcoin is legalized by the government, although you speculate that many people in different countries prefer bitcoin though. if the government does not get any profit even only bad influence and loss of course the government will ban bitcoin. but besides that I agree to you that bitcoin has become an international currency. many people in different countries are already using bitcoin, that means bitcoin can be used in many countries like dollars |
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1) Ethereum
2) XEM
3) Waves
4) XMR
5) TRX
This five is the most efficient combination of one year holding. They can't make crazy increasings, but they can surprise you with nice price movements. Take a look at them. They can be the next big things.
I'm also pretty sure with Ethereum and waves. they have great technology so do not be surprised if many people are then interested to use ETH or waves. I see the marketcap of these two coins getting bigger it means many people keep coming. and I think you should not forget NXT. I think this coin has a pretty good future. I also keep nxt for long term |
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Volatility isn't good unless you sell the peaks and buy the dips. BTC is young and it's going to be volatile for years to come.
Yes thats true , if Bitxoin is not a volatile currency we should be all worry about it and I think it will not be famous as now it remain as cheap like before, cause Bitxoin became popular because of its price nowadays. Yeah indeed having something saved is just a blessing and for sure it will give me and you more profit in future. Well as for being decentralized currency, volatility of bitcoin is main feature of bitcoin. on the other side it is bad because some countries are not trusting bitcoin because of changing price each month. It is good for those who are investing because when price of bitcoin use to change it goes high and bigger in price. fluctuations can be a bad thing for some people but it can be a good thing if used. for some traders the fluctuations are what they like because of the fluctuations making the coin's price grow faster and move up and down, so that they make a quick profit in one day. yeah but for some users who use bitcoin for currency of course fluctuation is a scourge for them |
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