This might seem odd, but the reason I think IOTA has a chance to become huge (like Bitcoin and Ethereum) is due to the name alone.

There is an English saying "not a single 'IOTA'". I am sure you have heard it. If it does eventually become a global currency, the saying will make even more sense.

For example: "I do not give a single IOTA that you don't believe in IOTA."

It just sounds right.

Hi Dark,

Please, just wondering if you missed my application (probably not) or what I must do to be accepted. Thank you.

I dabbled into web design last year. It is A LOT harder than I thought it would be to get clients. You would think with all of the shops who still don't have a website it would be easy to sell them on making one, but it really isn't. Anyways, seeing as I am no longer in this business therefore you are not my competition, best of luck to you.

The thing is ISIS militants are mixed in with the general population. You can't tell who is a soldier and who is an ordinary citizen. It is not like there are 2 armies fighting in No Man's Land like World War 1. You can't just blow up entire areas filled with innocent civilians just to take out one ISIS militant, although it seems like that is what is currently happening... so I guess I'm wrong.

Username: skyline247
Post Count: 404
BTC Address: 1FZVJsSkCGbnr2n7kkCsaGVhuTpidZZ4YR

Looking forward to making high quality posts for ChipMixer.

Your best bet is actually creating a paper wallet.

Go to https://bitaddress.org to get started. Here you will get your public and private keys whereby you can send Bitcoins to them and print your keys onto physical paper that no one else will ever know except you. This is the absolute safest way to store Bitcoins. It is basically like fiat cash money, except Bitcoins instead.

How do we know when exchanges actually get hacked or if they simply shut down & run away with our Bitcoins?

I lost a lot of Bitcoins from exchanges closing since 2013, and it is extremely frustrating knowing that most likely they were just stolen and there is no way we will ever get them back. I think exchange owners should be held responsible for all lost and/or stolen Bitcoins regardless of whether they were legitimately hacked or not.

There is nothing wrong, or dark about mining. It can be difficult for complete beginner's to grasp, although mining rigs these days are being sold with pre-configured software which only requires a few simple inputs to get up and running.

With that said, you should not worry about mining at all. I don't know where you are getting dark from, but there is nothing to worry about when it comes to mining (just don't use your PC, those days are long gone!).

No. It is never too late to buy Bitcoin. As a matter of fact - now is the perfect time! Why wait? I am sure you have seen the price rise from less then one dollar all the way up to three thousand dollars in a matter of 7 years, so why would you think that in seven more years from right now, Bitcoin wouldn't be worth over $100,000?! Most people still don't even have any idea about what Bitcoin is. If you go up to 100 random people on the street, odds are less than half of them will have ever even heard of Bitcoin.

I hope that answers it for you. Do not hesitate to buy now, because if you don't you will be kicking yourself in 5 years when Bitcoin is over $10,000.

You are correct. While doubling the blocksize, or even quadrupling it for that matter may help in the short run, down the road it will not make a lick of a difference. It is a very temporary solution to a long-term problem. This is why we need to seriously explore the other options rather than put a bandaid on this open wound. Let's just solve it once and for all, so we no longer need to have these discussions.

It looks bad on the community and Bitcoin as a whole when we become divided like this. We must unite, rather than what we are doing now.

The reason Bitcoin is where it is at (top of the "crypto chain" or "blockchain", so to speak ) is simply due to the fact that it was the first mover in cryptocurrencies. It is the one everyone started talking about. It is the one that pioneered the way for all of the coins we see today. This is why all other crypto prices always tend to follow Bitcoin. It is the leader. For now anyways. However, as you say - just look at Facebook. Facebook is the LAST mover in its space. It is the LAST social media site that came around, and it conquered the rest. It beat out Myspace, Friendster, etc. because it copied them and IMPROVED THE MODEL. We see all of these coins today improving on Bitcoin's technology. It would not be surprising to see another coin eventually surpass Bitcoin due to the reasons mentioned above, but I still don't think it will ever disappear like Myspace or Friendster did, but rather it will just become #2 or #3, and stick around.

I have been trading since 2013. Let me tell you, there is no such thing as a pump-and-dump group where everyone makes money. In fact, most members of pump & dump groups LOSE money in the long run. Why? Simply because the founder only cares about himself. The leader of the group does not care if anyone else makes money except for him.

He will tell you when to buy, but at the same time you are buying - he is selling and taking your money! That is how it really works.

The most likely outcome on August 1st is Segwit activation. There has already been a fork all the way back in 2010 and no one even talks about it, but guess what it is that time again and hopefully we get it right this time so scaling will no longer be an issue going forward.

Honestly, the scaling issues are confusing to me as well. I have been involved with Bitcoin for years (since 2013) and still have no idea how any of that stuff works. Leave it up to the devs.

I was wondering this too. Thank you all for the replies... looking forward to August 1st to see what happens to the price.

Store your Bitcoins on a paper wallet always. Alternatively, if you don't want to have them on paper, but more liquid so you can spend them, then download a client like MultiBT where you will be able to store them safely (as long as your computer doesn't have viruses).

This looks interesting. I am going to check out the site now and see what it is about!

Technically, you should only use exchanges if you actively do business on them (i.e. trade, etc.). For example, I keep "a bit" on LocalBitcoins in case I need to sell some fast or whatnot.

With that said, you should get into the habit of storing your Bitcoin on paper wallets or a client like MultiBT. A paper wallet in particular is a surefire way to keep them secure, so long as you don't lose the paper! (paper wallet = CASH)

There was a thread about this not too long ago (actually, only a few days back). Personally, I would definitely put them in my will including detailed instructions on how to access them if necessary, as it can be quite complicated for a complete beginner to grasp the concept of public/private keys, depositing, withdrawing, not to mention the slightest error can result in losing everything (sending to the wrong address, for example). With that said, in the future it will be the norm to include Bitcoins in one's will. It is funny how in just 3 short years, the price has risen so high people are even discussing this. Bitcoin used to be worth ZERO. lol!

Yes. You are right... if you plan to sell Bitcoin using PayPal, the only guaranteed safe method is by using friends and family payments.

However, PayPal frowns upon any individual abusing this feature, so account may be limited to a certain amount of different "friends & family" before they review and/or temporarily suspend your account.

When your account is temporarily suspended, you will need to call in and explain to them why there are so many such payments. You better have  a good excuse... perhaps you are organizing a wedding - and taking gifts from everyone to help pay for it. Hope this helps you.