I think miners should start invest on renewable energy source (solar panels, wind turbines) to lessen the impact of bitcoin on environment?
Well, even if you're to use some renewable energy source, you deal with heat pollution. That's something that's not as environmentally friendly especially when taking into account global warming. People have found some cool ways to get by this, so if you can combine that with power like wind energy, etc., you can get pretty meaningful results. I think people in Russia have actually done this too, so you can look into that if you're trying to do research into it. |
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Hey guys, I am wondering what's your opinion on WAVES? Looking at it the past weeks kind of makes me wondering if it is. Basically every Alt somehow got pumped pretty significantly. WAVES on the other hand somehow keeps pretty steady or looses value. Maybe it's just a wrong impression on my side, I would be just interested what's your take in its future  The thing is that when altcoins lose value, especially altcoins that have strong projects and a great timeline ahead of them, you end up with a really good point in time to buy that coin. If you don't buy the coin while it's low, you'll never really have the opportunity to make money on the market. Waves is a good coin that's been backed by many in this community and across the internet. They have some great potential, especially as ICO numbers increase. If you're looking to buy waves, buy it now and hold onto it. |
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I hope so. Unfortunately, the year does not start so well, if you look at the courses. So many coins that have lost value. I can not wait to see what will do this year and what the values will be.  To be honest, I see that as an opportunity to buy more coins right now. While everything's low, you can buy and watch as the coins start to go back up. As far as I know, it seems like 2017 was also a really good year for cyrptocurrency. Bitcoin surged, and with that came a lot more altcoins which are starting to pick up some pace now. While it's possible that we'll see more gains in 2018, I think 2017 was definitely a very unique year. |
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These 5x-10x-100x threads are getting old so I thought I would go with an approach where we can do our own research and make our own choices.
I try to focus on coins that offer one of the two options:
1. A new coin with a great road map, white papers and a strong team, the coin should offer solutions to current problems we face in the crypto world, I would consider a new coin to be one which hit markets in the last 6 months or an upcoming/current ico.
2. An established coin which is hitting innovation or solving current issues on it's road map in the next few months
I'm not too worried about price predictions, 2x-10x I don't care, the whole idea of this thread is to bring together information so we can all make our own judgement and decisions.
Please be informative towards why you feel a coin fits one of the 2 listed criteria's.
Cheers!
Enjin coin is a pretty nice coin in regards to this. It's not just because it's promising in terms of price, but their mapping and planning is extremely well organized. They've been on schedule, and their ann thread here was pretty good when I remember it. There was some controversy about one of the team members, but it was cleared up in a matter of days. Having devs that are extremely dedicated to the success of coins is pretty important, so enjincoin is a nice snag as of now. Furthermore, they've got a huge community behind them in terms of game factions/guilds, so it'll be pretty interesting to see how they get implemented. |
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With the recent news that Enjin coin will be added on 2 more popular exchanges, the price has gone up 11%.
Ah so this is the reason the coin saw such sharp gains? I knew it didn't just come from the wallet implementation. Regardless, it seems like enjin has been coming out with the right approach with this coin. Their project and ico was solid and continues to produce results on time. They're got their plan out, and it seems as though the coin is undervalued when you take a look at how many people it'll be reaching. I have a pretty strong feeling about enjin coin's strengths coming to show later in this year. |
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Yes ENJ coin is a good choice indeed, and its low price for it , and coin havennot get pupmed on binance yet. I think it`s main growth will be in february-march.
I feel like there was a decent pump in this past week. It hit 46 cents which is pretty strong for something that was just 2 cents a week or two before. I agree with you on the main growth, however. There is a lot to look forward to with this coin, and especially with the introduction of their enjin wallet, I don't see how the coin will go down any further. I have a strong feeling that it'll be an upwards trend from here on out. I'm wondering if I should diversify my investments more or just put more money on the coin because of how convinced I am. |
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Let's just face the facts, shall we (even BTC fans/bagholders)
BTC transfers are nerve wreckingly slow.
BTC transfers are disgustingly expensive.
BTC is at the mercy of chinese gigamines.
BTC experiences sudden enormous swings that appear out of the blue.
And every time BTC does "its thang", the altcoins move with it, since BTC is the most widely used base currency at crypto exchanges. This causes unnecessary stress for people who own coins that actually work as a means of payment or have some other intrinsic value.
BTC is a big old lazy animal, its only virtues are being the first and, consecuently, having no 1 market cap now. But that is changing. Just look at the BTC dominance number on Coinmarketcap. Used to be over 60% not too long ago, now it's 34%. And when BTC loses its no 1 status, what follows then? Likely a collapse, that could bring the whole crypto market down. We need to untie well functioning coins from this dinosaur so it wouldn't bring the whole crypto market down when it decides to die.
I actually really like the way you posed this post. I may not agree with it, but it was clear and concise -- something this forum needs more of. While it's true that BTC transfers are rough at the moment, the lightning network will likely solve most of these issues. Even if it does, and as you stated, bitcoin goes to the bottom, there are many coins ready to take its place. Ethereum has been in the green for the past few weeks while all the other coins have dropped. Essentially, I think we're going to start to see altcoins that IMPROVE on each other rather than just create more and more ICO's and ideas. At that rate, there will be a strong coin to take bitcoin's place. |
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Also will the transaction fee put downward pressure on a the value of it to rise?
I have a feeling that if the coin is increasing like crazy, some people will want to hold as well. Transaction fees probably won't go to crazy with this in mind as well as the potential lightning network implementation. If that all works out according to plan, BTC transactions will be simple and quick, and the price will likely go up due to the new technology. I don't think transaction fees will pose a major threat to bitcoin increases in the future if this much development is conducted to simplify and better the whole situation. |
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If for example I bought Etheruem at $1000 and used it to purchase some ICO tokens, then Ethereum goes to $1300, does that mean I lost value?
You can use fiat currency as a comparison because it's not as volatile as cryptocurrencies are. If you buy Eth at 1000 and then buy tokens worth 1000 with that money, then in order to determine if you lost value or not, you need to see if the coin that you bought is worth more or less than your initial investment. If the tokens are worth more than 1000 then you've technically gained value. The ETH value doesn't matter unless you continue holding the coin. However, as with any investment, know that you haven't "made money" until you go back to the fiat currency you used initially. |
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whats ao special about these rise of medicoins like dentacoin and this one?!
are the asian ppl crazy, personally im not that much interested about these topics
There's a huge magnitude of people on the Eastern part of the globe. Medicine is huge there because there's so many people to treat. China is known for "eastern medicine" and India has these gurus that have crazy net worths just because they talk about health. If you've never visited, you wouldn't know the potential that something like this coin would have. Its ability to link technological prowess and health-related problems is almost certain to take off in Asia. I'm not too sure about Europe, but it doesn't really matter due to the heavy population located in Asia. |
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Hello everyone.
For the most part, I've been in the Bitcoin Hodl'ing business. I've decided to branch out some of what I've made so far and move into a few altcoins. As of now, I'm looking at both Enjin Coin (ENJ) and Stellar (XLM). I'm not sure which one to invest into and whether or not I should wait before getting into them. I've been following Enjin coin since their ICO and I'm kicking myself about not buying them when they were in presale. What are your guys' thoughts on these coins?
It looks good but are you sure about to buy the enjin coin at 10x from the ico price? And i'm not sure about that. Rather than buy enjin at peak and in my opinion we should go to another promising project. I've bought a little amount of enjin at pre-sale and they are all worth 10x right now in USD terms. But xlm still in big bearish trend. Thanks for the comment. As far as I'm looking at it, I feel like enjin coin is undervalued because of its uniqueness in an industry that hasn't really been touched by crypto yet. I like the idea of a single currency across multiple games, and I think it's something that will go up if the word about crypto's usage in video games goes up too. Do you have any other suggestions in terms of promising projects? I do see the xlm bearish trend, and I feel if it drops more, I might pick some up. PS: Nice username  |
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As an exercise I am planning on building a new open source blockchain/currency completely from scratch in Java.
Rather than be one of the many clones of Bitcoin, this will be something new.
My question to you guys is: which features do you think the blockchain/currency should support?
You could create a coin that's based on public areas. I'm not sure if this is done yet, but maybe something to pay for parking garages? When in a downtown area, at least where I live, there are some annoying things about the parking situation, and many people don't keep quarters on them. They're basically screwed if they want to park or they have to find somewhere else to park. Maybe if there's some solution to that issue in a coin that's rooted in your phone itself, it could be a potential solution. I get ideas from thinking about how an every-day situation can be sped up/improved. Maybe this advice can help you out, pm me if you want some other ideas too. |
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Hello everyone.
For the most part, I've been in the Bitcoin Hodl'ing business. I've decided to branch out some of what I've made so far and move into a few altcoins. As of now, I'm looking at both Enjin Coin (ENJ) and Stellar (XLM). I'm not sure which one to invest into and whether or not I should wait before getting into them. I've been following Enjin coin since their ICO and I'm kicking myself about not buying them when they were in presale. What are your guys' thoughts on these coins?
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So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing.
[.....]
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
Are you saying you've never taken profit to USD? You've been actively trading altcoins.... what is your tax situation? How do you plan to deal with the capital gains? Raiblocks has already seen phenomenal growth. Sure, another double is possible, but the idea of not taking some profit off the table seems certifiably insane to me. Your portfolio is not well-diversified. I would stop thinking about buying people houses and start thinking about better diversification and overall exit plan. You especially need to craft a tax plan that considers short term vs. long term gains and maximizes the capital you can reinvest. Remember, none of this is real until you have some of that USD value stashed in real bank accounts. It's prudent to put some gains away for taxes and a few years of living expenses, while reinvesting profits from your remaining capital investments. I think OP can definitely diversify his portfolio more, but he's definitely gotten to the point where if he grabs even just some of his gains and brings it out, he can put it into long term investments like mutual funds/stocks and make even more a bit more safely. OP, I suggest you take some out (not all in case your predictions are true), and make sure you keep enough in so that any profits you make will still be relevant. Regardless, you always want to look to come out positive and remember that with crypto trading (and trading in general), you haven't made any money until you convert it to fiat. |
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Just that... do you think there is any re-distribution effect at all due to bitcoin?
It's both in my opinion. Of course, as bitcoin rises, the rich do gain more wealth, but along-side that, those who aren't as wealthy and who got into bitcoin earlier are also able to reap the profits. Think about it in the sense of someone who is poor, but got into bitcoin much earlier (around 200 a piece). Now, that person's bitcoin is worth 15k, and they can support themselves off of those gains. In that sense, I see bitcoin as a helpful asset to everyone. |
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Hi everyone.
Not everyone here may know about this, but Nvidia has recently released their Geforce Now, which enables cloud gaming. Essentially, you get access to a very powerful graphics card and your game just gets streamed to your laptop/computer.
Do you guys think that this technology could be used for mining as well? Not just as cloud mining solutions, but with larger companies coming into the game like AMD and Nvidia both. Does cloudmining, if backed by large companies, have a future?
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So lately i decided to possibly get a credit card to spend some money if needed or wanted. Are there any suggestions which one is the best in terms of security and mostly in terms of anonymity?
I haven't personally heard about Bitcoin credit cards, but I know Bitcoin debit cards are a thing. Bitpay is actually a really big online service that started their card services a while ago as well. Take a look at the site here: https://bitpay.com/card/One thing to keep in mind, Visa has been shutting down some bitcoin card suppliers in Europe. If you live there, maybe do a bit more research before you try to grab a card. |
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Austin is one of the well-knowned tech reviewers in the internet. This is a good sign that bitcoin is being spread all over the world. Whatever we say about the video, we can't deny that these media groups help alot with spreading the word.
Yup, that first statement is why I was slightly confused at the response above yours. He's actually been informing people of bitcoin even before, he's put up a couple of videos on how to mine altcoins as well and explained it thoroughly. I feel as though many of these major tech youtubers can make a LOT of money if they start putting videos out about Crypto. People are itching to know more about the field, and I know they'd rack up views. |
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..the video was USELESS.... I have buying BTC for some time and I can remember all the pitfalls that I ran into and this vid doesnt do a thing to explain any of it - none what so ever. buying BTC is hard, time consuming, lots of overpriced fees, and sometimes doesnt even work
If Visa or Mastercard worked like this there would a revolt in the streets by morning.
This video does NOT provide one ounce of useful information for any NEWBIE out there.
The problem really is that there is a lack of really sound and useful content on how to actuallly sign up to an exchange, fund your exchange, load yoru exchange wallet, buy a bitcoin and then transfer than BTC to another more personal wallet on your PC/mobile device for longer and safer storage
good luck
PS the effin video is called " Great Intro into Bitcoin"...I know that anyone you doesnt know about bitcoins will run the other way when seeing this vid.
I'm sorry for seeing this a little late. I think the issue comes with the purposes of the video. The video is not from an investing standpoint. Instead, it is a technological introduction to bitcoin. Austin Evans is a technology youtube content creator; he has no interest in investing (at least for his vids), but instead is trying to introduce people to what the history behind bitcoin is and what the currency in general. |
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I don't know how to cashout? I am from Romania, what are the possibilities to cashout a large sum of money at once?
1) It's not blockchain balance, it's your bitcoin balance. If you have the money stored on blockchain.info, it's still bitcoin, blockchain.info is just a site where you can store your Bitcoin. 2) If you want to cash out a large amount, you're best off using an exchange. However, the main issue with that is that you end up paying fees. If you can't do an exchange, maybe the currency exchange section on this forum will be of use to you. |
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