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Don't get your hopes up.
All it takes is a swift move by the government and say bye bye to Bitcoin.
They have the power to block any website and confiscate servers.
There is nothing we can do to stop them, but protest (if it happens).
I don't think it will, but like I said don't get your hopes up!
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No one knows how long, but Bitcoin could last forever.
It depends on various factors.
Some governments will never accept it and others will.
Some people will never accept and others will.
As anything, it lasts only as there is demand.
So if,there is demand the price goes up but no demand it goes down.
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Since no one else is saying it, I will state the obvious.
It all depends on your rates.
I am talking about how much you pay for Bitcoin and selling rate - both.
You obviously need a higher selling rate than buying which should be at least 5% above market price (more like 10-15%).
Wishing you all the best in this endeavour.
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The title should read: "Isn't it good to use Bitcoin as your lifetime asset"
Sure, I think that is what many smart people are doing.
Bitcoin is still very small with lots of possibility to get in early (it is still the beginning!).
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What this means is someone is losing money.  |
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One of, if not the most amazing application for Bitcoin are the companies that allow to pay with a credit card, but in Bitcoin.
You load your Bitcoin on their site and when you make transactions with the debit card they send you, it automatically deducts the equivalent amount from your Bitcoin balance and pays the merchant in fiat!
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No. Not yet.
It is going up to $5,000 or $10,000.
Then it will crash hard back to $1,500.
When it crashes to $1,500 you really should buy a lot in that time.
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Money isn't the most important thing in the world, but it is important.
One should not do anything to make money.
For example, prostitution, pornography, killing, stealing, etc. are all just for money.
"Money is the root of all evil."
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The most important aspect of trading is buy low, sell high.
If you get into the habit of panicking, then you will inevitably sell low and buy high.
This is NOT what you want.
If the price drops and you think about selling - just don't.
Wait until it goes up again, and you will profit.
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Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.
Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?
I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!
I would sell before that. And I don't think Bitcoin will drop to $500 but maybe $1,500 after the bubble bursts. Right now the price is surging exponentially, so the bubble is going to burst soon. |
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Though I am new to cryptocurrency, there is undoubtedly more than a plethora of news, information, whitepapers and documents to browse through, analyze, and subsequently make decisions on in combination with one's own logical/speculative reasoning. Obviously, this learning curve can be quite intimidating to newbies like myself who start at rock bottom.
- In this manner, I would like to get an all-around understanding (a "crash course") in the world of cryptocurrency, such as the roles and functions of transactions and mining, jargon, et cetera. If you don't want to explain yourself (which you probably don't), links (perhaps with a brief description) to good good reads/educational material are perfectly acceptable and helpful.
- What are your favorite resources and how do you reason through them in a time-effective manner?
- How do you make decisions based off of what you read and what you reason?
All input is highly valued and appreciated.
You need to be very careful where you get your info as there is lots of propaganda in this community by people who just want to scam you. I personally recommend https://reddit.com/r/Bitcoin as most people give their honest opinions. Otherwise, search this forum for posts by trusted members and read Wikipedia articles related to Bitcoin. Put a $100 onto an exchange and practice with it to get used to trading and some experience. All of this should help you learn about Bitcoin... at least enough to know how it works. |
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I was an early adopter. I never used the Silkroad or anything like that. I just liked collecting odd things. I bought 50 btc from a friend back in 2011 and just kept them in a private wallet since.
Well that Hard drive is now dead. I've been sporadically trying for years to get it to work. I'm at a total loss here. The market is at an all time high, and Im not sure another bear market is coming back.
I never had money to invest in this in the first place. But what little I did have I would throw into MTGOX (lol) and lost that shit too. After the GOX incident I took a couple years off of cryptos. I still had my private wallet I thought, until I went to retrieve it in 2015 and my hard drive was compromised somehow. I have 5 mill RDD/ 5 mill DOGE and 50 btc on that drive.
Now it's at an all time high again and I am still broke. What am I doing wrong?
What you did wrong is not take care of the hard drive in 2015 when the Bitcoin price was still quite high. Even 50 Bitcoin in 2015 was worth like $25,000. You should have taken better care of that hard drive. Now, there are MANY services out there to help recover your data. I recommend https://walletrecoveryservices.com/ they are extremely professional and will help you as this is a large amount. All the best. |
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hi, what will you do? If the bitcoin price is suddenly cheap
The only way Bitcoin price could get "suddenly cheap" is if Satoshi were to decide to dump his 1,000,000 Bitcoins on all markets. Then, yes I would sell all mine if that happened. But that isn't going to happen.  |
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All details are given below in the link. Where you will play in new 8ball pool for free and get a lot of bitcoins. "Where you will play in new 8ball pool for free and get a lot of bitcoins." I think you mean a lot of Satoshis? I wish I could play an online pool game all day and make "a lot of Bitcoins". Anyway this looks interesting. I have been thinking about how it would be cool if there was a game where the currency was Satoshis. We could play the game and try to earn Satoshis instead of fake money like other games. People could deposit their own Satoshis and you could fight people for them too... |
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I was just reading through the news of BitMixer.io shutting down their business.
While there are other alternatives, I was wondering what stops anyone from using a dark market (such as now-defunct AlphaBay) to mix their coins?
Using such markets over other alternatives will surely provide some benefits:
- Traditional mixers such as bitmixer.io have high fees
- We can use exchanges like Poloniex to mix coins but they require KYC for high volume deposit/withdrawals. Moreover there are chances they'll blacklist any addresses associated with hack/ransom attacks and won't accept coins from such address.
- Traditional exchanges can also have cooperative relationship with governments which can expose you
Dark nets being TOR-based services, once can just deposit some BTC in their account and then withdraw after some time. Won't this be a safer way to mix coins which are associated with hacks/ransom attacks?
Be very, very careful about using the Darknet. There are some crazy sites there and viruses everywhere you turn. If you have lots of Bitcoin try using a different computer/device with VPN. Obviously use TOR, but keep in mind even then you are not safe as the exit node can see your traffic. To avoid this use a bridge. If you use a different PC with TOR + VPN + Bridge and be very careful, then you should be fine. |
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I am pretty sure the design is already quite concrete. It is a small "B" symbol with a vertical strike-through, like this: BTCThere are additionally other designs which are all quite similar. The general colors associated with Bitcoin are Gold and Orange. In short, I doubt it will be redesigned anytime soon. |
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Is there another way to pay than Bitcoin? This is the problem with paying in Bitcoin these days. You never know if you are gonna get scammed. I never thought I would say it, but we might need PayPal for Bitcoins (escrow). |
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Hi My ID in blockchain 368ac49b-9f06-440f-b4ef-58343905e5bc Yesterday I want get BTH on my blockchain wallet and finded video https://www.youtube.com/watch?v=uRZHTt_lwBA&t=1s. I make step by steps by this video and as result all my money was stolen. As I understand today thieves can do this after know my Backup phrase of 12 words and sent my money to 1Be7Ej9WA8ioDuqrRKCaGcCBM6Uu3Mci53. I don't know all this nuances, please help me return my money. Thanks You will never get back your money. After you send Bitcoin, transaction is 100% IRREVERSIBLE. Unfortunately, you are like the other who have been scammed (including myself). Hopefully someday this will stop happening and there will be more security measures to stop scammers. NEVER give your private keys or seed phrase to anyone or they can scam you. |
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Anyone who is holding a significant amount of coins (40-50+) has by now almost certainly made more money on Bitcoin this month than at your job, unless you are making $20,000+ per month at your job. Obviously every month isn't like this, but so far this is one of those months where your holdings probably out earned your employment income.
Yes but you will not make this amount every month as this price rise is extraordinary. It does not happen every day (the price goes up $500).  I think soon lots of Bitcoin users will work online to get paid in Bitcoin. There are freelancing sites already and other things. But most people do not have enough $ to invest everything in Bitcoin to make money as you say... |
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Actually it is cash for most people, seeing as they dumped it at the first opportunity a few days ago. In reality though, it is nothing more than a crapcoin and will continue falling until it is worthless. |
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