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Every other cryptocurrency, perhaps with the exception of Ethereum, is much cheaper to use.
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I buy 1Bitcoin worth $15000. It gets to $20,000. I make $5000 extra and i cash this out. Will I still have
my 1 BTC at 15000? If the price goes to $15000 then rises to $17000. Will I make $2000 profit the second time?
Will i keep getting fractions added to my 1 bitcoin as the value goes up?
"cashing out" means selling. So, to "cash out" your BTC, you must sell it. If you buy 1 BTC at $15000 and it rises to $20000, and then you sell $5000 worth, you will have $15000 worth of BTC but it will be less than 1 BTC because you sold some of it. |
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it will go up and down in jan?
Yes, it will go up and down. |
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Them: Biggest bubble ever! Me: I totally agree. Them: It's irrational to argue that the absurd price is justified because it is so high. Me: I totally agree. Them: You are a fool to be investing at these inflated prices. Me: I totally agree, but it did pay for my trip to Disneyworld. Do they need to see every single human being use it before they decide to join in on the finance revolution?
Personally, I would like to see just a large number of people actually using cryptocurrencies. Then I might be convinced that these prices are not just speculation and irrational exuberance. In the past, I used Bitcoin, but now I can't because of the transaction fees. Most of my bitcoins are just unspendable dust now. |
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Why is there a choice? Why would anyone consider the company's mission if they aren't going to sell the coin for a profit.
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I often see prices on exchanges that look something like XRP/BTC or ETH/XRP... and I'm not quite sure how to interpret it. What does this mean, exactly? (I'm finding it difficult and confusing to buy coins when prices are listed this way).
ETH/XRP is the price of ETH in terms of XRP. It means that you can trade ETH for XRP (or XRP for ETH) and you get that number of ETH for every XRP. You will generally see the largest volume or most liquid coins on right side. Because making every possible combination of trading pairs available is not feasible (or even desirable), an exchange will only have a few currencies on the right, such as USD, BTC, LTC, ETH, and XRP. Also, what does it mean when I see a "ETH/XRP" chart? Let's say the chart is in an upward trend -- does that mean XRP is rising compared to the price of ETH? (Or do I have it backwards?)
Again, ETH/XRP is the price of ETH in terms of XRP. If you see an upward trend you know that ETH is growing in value compared to XRP, though they could both be falling in value compared to USD. If you see a downward trend, you know that ETH is falling in value compared to XRP, though they could both be rising in value compared to USD. |
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I think I understand why you use the word "farming", but "spamming" might be a better English term to use.
Anyway, I don't think there is much to report in your example, but I have no doubt that 50% - 70% of the posts on Bitcointalk are just people posting meaningless drivel in order to get paid for their signatures, or to increase their activity score (so they can get paid more for their drivel).
One thing that many people do is to ignore anyone that is a member of a signature campaign. It really reduces the number of stupid posts that you would otherwise have to endure.
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Exchanges have a long (as well as recent) history of losing or stealing customer coins, especially altcoins. It is not a good idea to store your coins on an exchange.
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I think stop losses are bad for two reasons:
1. A stop loss is literally a pre-planned buy high, sell low.
2. You are throwing away your ability to make decisions.
In general, basing buy/sell decisions on only the current price is not rational trading. Whatever has happened to arrive at the current price cannot be changed or rectified by buying or selling. Buy and sell decisions should be based on the expected future price.
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It is possible with Ethereum and ERC20 tokens ( https://theethereum.wiki/w/index.php/ERC20_Token_Standard). Keep in mind that you are selling securities, so if you are in the U.S. or selling to U.S. investors, you will need to comply with SEC regulations. That will be the more difficult part. |
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The knowledge you have gained is worth more than the money you have lost.
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Look at the destination address in a block explorer. If you don't see your transaction, then it has not been sent or you sent to a different address. If you see your transaction, but it is "unconfirmed", then you just have to wait. If you see your transaction and it is confirmed, then something is wrong with your wallet (maybe it just needs to be refreshed), or the address is not in your wallet and you sent the bitcoins to some other wallet. Would backing up exodus before the btc showed up effect this? Also does that 12 word phrase include all crypto currency I buy or is it specific to eth? What would you guys do in this situation? It was $266 worth of btc...
Backing up the wallet does not affect its operation. Typically, the 12-word phrase is specific to the wallet and is used for all the currencies that the wallet tracks. |
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Say for example, I bought $1000 worth of Bitcoin at $15,000.00.
It goes up to say $16,000.00.
What's the best formula to calculate my notional account balance (excluding transaction fees, to keep it simple)?
Thanks
new balance = old balance x new price / old price In your example, new balance = $1000 x $16000 / $15000 = $1066.67 But it might be easier to just keep track of the amount of btc and its value. btc = sale amount / btc price Then anytime you want to know how much you have new balance = btc x new price In your example, you bought $1000 worth of BTC at $15000, so you have btc = $1000 / $15000 = 0.06666666 BTC and the price is now $16000, so your BTC is now worth new balance = 0.06666666 x $16000 = $1066.67 |
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Thanks people I will look into the knowledge shared and especially a system where I do not need to download but works on a website. Much appreciated.
Do you mind sharing on average with an investment of 500usd how much you can make per day?
There is no such thing as magic money making software, and there is no trading system that works all the time. Real trading works like this: you spot a opportunity and you take advantage of it. But, as more people spot the same opportunities, the return eventually drops to 0. Then, you need to look for new and different opportunities. You can't buy software that looks for new and different opportunities. |
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The big exchanges are big enough and liquid enough for someone to sell bitcoins worth $ millions over a short period of time. Gemini has an auction twice per day.
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A Ponzi scheme is where early investors are paid by later investors.
No. It is not. A pyramid scheme is a scheme where early investors are paid by later investors (and the investors know it is a pyramid scheme). A ponzi scheme is like a pyramid scheme except the operator lies about where the money comes from. What is a 'Ponzi Scheme'
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn't enough money to go around, and the schemes unravel.
If you think that Bitcoin is a scam, you will have a much better time arguing that it is a pyramid scheme rather than a ponzi scheme. |
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Bitcoin is not very good right now for payments because of the high fees. It might be better to go with other popular coins such as Litecoin, Dash, or Bitcoin Cash.
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By contribute, do you mean donate? Most people believe they are investing in an ICO, but they are really donating.  |
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