I've been able to get two older couples to buy and hold BTC in their Coinbase wallet. Now I'd like to get them to trade some of that BTC for some key altcoins. Shapeshift would be ideal for acquiring the alts but then they need a way to store them. I don't trust their computer security practices so I don't think their coins should be kept in a wallet on their computer. Is Poloniex the best way to go?
You could try Poloniex or Cryptsy, although I sometimes prefer Poloniex for its reliability. It would be best to store those alts on paper wallets, and just in case, make a backup of your public and private keys, then make an encrypted volume using TrueCrypt or VeraCrypt and later upload that file to the cloud like Google Drive, OneDrive or Dropbox.
|
|
|
I hope I can one day legally buy weed in my country with BTC.
I think it is possible with CannabisCoin/DOPE at the moment, but if it can ever be done with BTC, then it would be something pretty interesting.
|
|
|
Currently you still need banks. Hopefully in the future its only blockchain technology and cryptocurency.
Unless a Bank of Bitcoin would be established. Such bank would offer checking and saving accounts with deposits and withdrawls made in Bitcoin. They would also offer Mortgage services and the ability to request loans. Security would be even better than ordinary banks (I think) as they would store your funds on cold storage with encrypted private keys. Just my opinion.
|
|
|
I still don't have one right now and I eager want it, but it is taking too long. Perhaps, if I would have a higher rank and make good quality posts, I could get to it in no time with signature campaign. Or else, I would just sell my services for better profits.
|
|
|
Being honest if you really want some bitcoins, Go and buy now because the price is increasing and maybe you will get a profit in future. If we/you are waiting for 100 dollars i think that for this year is impossible.
I agree with this growing speed bitcoin's price may reach $500 easily. However I feel that this increase is not stable and long-term People who wants the bitcoin price to fall down are little in numbers. I think that if the price really falls below 100 dollars then the chances to get even lower are high. At the moment we should not think for dumps but for pumps and maybe buy some bitcoins. And even if Bitcoin's price is rising to the moon, it is still good to invest in it nowadays, as the price might continue to rise and then you would regret not have bought BTC when it was at these prices. It all depends on whenever you want to benefit from this price change in order to make profit or not.
|
|
|
The government always spies on you everyday, every single hour. They can check the sites you've accessed over the internet, the transactions you've made in the bank and probably even Bitcoin transactions if they manage to link the public address you are using to you. I think the only way that government can't interfere with your BTC transactions, is by using Tor and a Bitcoin Mixer.
|
|
|
Here's a thing that it might work. If you gamble in the 7th of every month (like say November 7, December 7, etc) you might get lucky and hit the jackpot. The lucky seven will sure bring you some profit. But seriously though, I think there is no strategy at all. You will always lose profit, because that is the way gambling works. I bet that if you make a gambling/dice site you will earn a steady amount of income.
|
|
|
Litecoin for sure has one thing that Bitcoin does not have and that is faster confirmation times when transactions are made. If Litecoin, could have better development, then it would sure become #2 in marketcap, after Bitcoin.
|
|
|
Will probably quit my job if Bitcoin's price keeps going upward like it is right now. If it ever reaches the $1000 mark, then I will quit my job and go full time on Bitcoin
|
|
|
I prefer Bitcoin as my number one crypto currency of choice because it has more adoption than other coins and it has the highest market cap and price. That is the reason why I don't change Bitcoin for anything else. I still hold some alts though, but they are not much.
|
|
|
Well, Banxshares price has increased a lot (considering it was at $1.78 before) maybe that is a good sign the hold them, or maybe not. As with any investment, there is a risk and thus will I'm not 100% sure if Banx is a scam, I only invest a very minimal amount of BTC into it just to be safe.
|
|
|
Now it is not the time to leave the Bitcoin space. With all that is happening, including the price increase, this will have a very positive effect in our profits. So all I can say is that prepare yourself for the $1000 mark! Just my opinion I agree, $1000 mark is my opinion too. I'm not saying it will reach the mark right away, but it will sooner or later. My prediction is two years from now. Here is something that I would suggest to safeguard your profits in any case Bitcoin's price starts to decline. If Bitcoin's price is high, convert it into a price stable cryptocurrency like Tether (which is pegged to fiat). That way, when BTC price goes down, it will not have effect on your profit losses. Just my suggestion.
|
|
|
Ethereum would gain more traction if it releases a GUI wallet. That way it would be a whole lot easier to send and receive Ether without any technical knowledge at all (for noobs). People would then become interested in it and adopt ETH for use in decentralized apps. A good idea would be to make a decentralized bank based on Ethereum.
|
|
|
Unless they reduce the price of the 21 Bitcoin Computer, I will never spend a single cent and just hold my coins until something good and profitable is released (like Bitmain's Antminer S7) The only thing that I like of the Bitcoin Computer is its design.
|
|
|
Bitcoin is growing quicker than what we expected, and in the future it will remain as one of the most successful cryptos out there, aside from Litecoin. Still, Litecoin is one of the oldest alts out there and thus I think it will survive too, but I sometimes I think that it needs more development and features for it to survive.
|
|
|
Things are starting to get exciting as Bitcoin's price is increasing and would probably grow exponentially over the $500 mark. This is very good news for the Bitcoin community. I hope it gets adopted by the masses real soon. The future of Bitcoin is very bright.
|
|
|
Now it is not the time to leave the Bitcoin space. With all that is happening, including the price increase, this will have a very positive effect in our profits. So all I can say is that prepare yourself for the $1000 mark! Just my opinion
|
|
|
I think the best way would be to make the University of Bitcoin in order to provide college degrees related to it. This will help people gain interest on it and help in Bitcoin's mass adoption. Just my thoughts.
|
|
|
Being honest if you really want some bitcoins, Go and buy now because the price is increasing and maybe you will get a profit in future. If we/you are waiting for 100 dollars i think that for this year is impossible.
I agree with this growing speed bitcoin's price may reach $500 easily. However I feel that this increase is not stable and long-term Yes, all bitcoin price not 'stable' for long term. They need a lot event to make "BTC price" going up with streak win. Sometimes, unexpectedly there are bad event too for bitcoin. So keep follow the news. Just asking why may increase in price be bad for bitcoin? I could be bad because then Bitcoin would not be cheap anymore, but on the other hand it is very good to see this happen because our profits will skyrocket! This is probably happening because of the next block halving which will take place in next year.
|
|
|
Too much greedy is called addiction. Don't get addicted with gambling. It can ruin your life.
That is my problem. I start to play in casino & dice sites and then spend a good amount of coins on them thinking that I will make huge profit, but I got it all wrong. The house will always win, but I guess being greedy is what makes my spend over and over again. Still, it is very fun and addicting to play them.
|
|
|
|