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Bitcoin / Bitcoin Discussion / Re: What Are Your Greatest Fears As a Bitcoin Holder?
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on: November 24, 2017, 02:51:58 PM
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"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
my greatest fear as a bitcoiner is i lost my private key thats the most important to my bitcoin because if i lost that i ever didn't get my bitcoin Yes, I totally agree with you. The biggest fear is that you lose your key or your account is hacked by hackers That is from nearly everyone, because no one wants to lose his key or to be hacked by hackers. You have worked very hard for those coins so it would be very sad to lose them all. One of my fear is also that bitcoin will lose all of his value in one day. |
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Bitcoin / Bitcoin Discussion / Re: Is it worth to pay $8200 for 1 BTC if you are a newbie?
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on: November 23, 2017, 03:17:20 PM
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Its actually not worth it because its so expensive now you must wait for bitcoin to drop then you can maybe buy bitcoin for a lower price. I will do the same because bitcoin is now very expensive for many people.
Even for my friends they are also afraid to do a investment just because its so expensive now.
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4
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum at $1000 in Jan 2018?
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on: November 23, 2017, 03:12:38 PM
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I'm planning to buy some ETH, will it hit $1000 in 2018?
Need your suggestions
Well, I aim $2000 for ETH within 2 years, but I don't have a specified time for this. This can be either in 2018 or in 2019. The time will tell us. Ethereum blockchain is changing and they will be a pos type of structure. This will make the price increase clearly, if you ask me. My friends and I are thinking the same about this. I think that it will go very high someday just because its a successful coin now and its already in the top 10 best coins in the world. I would make a good profit if ETH rises very high so i hope that. |
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Economy / Economics / Re: Bitcoin price is recovering!
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on: November 23, 2017, 02:57:47 PM
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Bitcoin price continues to be currently recovered and I think we will reach an additional ATH quickly. Broad and large adoption still carry on and it'll never quit. the price is already higher dont watch for it to go back off.
Bitcoin price is not just recovering, but has surpassed more than we ever imagined it could, and hitting above the rate of $7000. Lots of people predicted that Bitcoin will be $5000 dollars by the end of this year, and I never believed that will happen cause of this month of November split. I was thinking maybe it will be around $4000 or $4500, but surprisingly, it broke the limit that was set. I agree bitcoin is not only just recovered but its still rising at the moment. Its now at 8.2k dollars this means that its way ahead of being recovered. I think that bitcoin will continue to grow and be 50k in a few years. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Investing on ICOS is good or bad ?
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on: November 23, 2017, 02:53:12 PM
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It can be profitable but only if it has a good team working on it and if it has a good project for the future. If this ICO has this then you can expect that this new coin will be good.
Don't forget to look at their support. If there are a lot of people trusting it. It maybe be successful.
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9
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Bitcoin / Bitcoin Discussion / Re: How do you store your bitcoins?
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on: November 13, 2017, 12:33:57 PM
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Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I use an online wallet with currently nothing inside. That will be my wallet for everything including alt coins and bitcoins. Website is liqui.io. My offline wallet is with myetherwallet.com. It comes with a JSON file for me to download. I made a backup on my drive and made it a 2-Step Verification scheme for more security. I store also my bitcoins online because i have not any offline wallets i have them in my download folder but i didn't do anything with it. I have also some hardware but i will use it in the future. I keep them mostly on my blockchain wallet i have so far no problems with it only sometimes the fees are really high. |
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Economy / Economics / Re: Bitcoin is Freedom
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on: November 13, 2017, 12:29:29 PM
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You have the freedom because you can spend what you want and what you want to buy with it. If you buy a car with your bank account sometimes the bank will ask you questions.
So they are the owners for your money while with bitcoin you are the real owner of it.
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Bitcoin / Bitcoin Discussion / Re: Why are some Bitcoiners get hacked?
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on: November 13, 2017, 12:25:09 PM
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Because sometimes people download things from the internet that have a wallet stealer. With this they can be easily stolen. Also sometimes links that are infected can also steal your coins.
If you prevent this hackers will have a hard time hacking in your wallet.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum is new BTC
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on: November 13, 2017, 12:18:20 PM
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I wouldn't say it's gonna destroy Bitcoin, but Ethereum is fantastic because it has not only been out there for long time as the #2, but also has an actual use (differently from bitcoin) and in terms of usability is better than bitcoin and improving every day thanks to active developer team and side projects.
Wouldn't call Ethereum "The new BTC" but definitely the second best coin out there.
I can say Ethereum is the also the best coin at this very moment it has done a lot of challenges through the years. As we can observe it is still existing and stands firm even there is bitcoin. Yes, Ethereum I can say it is the second one of bitcoin but it cannot be the new BTC. I agree ETH is a good coin and has battled and is now worth something, but it cannot replace bitcoin ever because bitcoin is still the best coin for many people and for me as well. ETH will surely rise in the future because many coins are based on it so it will have no problem having support. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: BCH or BTC?
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on: November 13, 2017, 12:12:11 PM
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I would still go for bitcoin because this was the first coin and its way more trusted than bitcoincash. My friends are also believing in bitcoin rather believing in bitcoincash that is a alt for us.
We want to make bitcoin because everything is about bitcoin nowdays.
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Bitcoin / Bitcoin Discussion / Re: Ideas to make some bitcoin
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on: November 10, 2017, 11:50:20 AM
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Join signature campaigns join airdrops and do a lot of posting this way you can rank up and earn more because how higher the rank how more you can earn also do not try to ban yourself because that will be lost of a lot of time.
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Economy / Economics / Re: When is the right time to buy bitcoin ?
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on: November 10, 2017, 10:58:36 AM
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After the recent news re. BTC China and regulators crackdown on cryptocurrency trading, we all know which direction bitcoin and alt coins are currently heading. I wish to buy Bitcoin and Altcoin when they hit the floor, but i am unsure of when the right time is to enter?
for when is the right time to buy bitcoin or when to bake bitcoin no one knows for sure, currently bitcoin value is high, which is sure to buy bitcoin is when bitcoin value drops so often see the movement of the currency This is very true. Wise men buy bitcoins when the price is dropping and they sell it when the price is really high. With this method you can actually earn a lot of money. If you do this many people will earn a lot. |
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Economy / Economics / Re: Is it better to save money or invest it?
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on: November 10, 2017, 10:50:11 AM
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If you don't have a lot of money i would go for saving. If you have money you can invest. For me investing is good because you sell and earn like a pro. I invest mostly on altcoins.
Altcoins have a huge potential because they are cheaper than bitcoin itself.
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Economy / Economics / Re: The best time to invest.
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on: November 09, 2017, 10:50:09 AM
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Now is the right time to invest by buying bitcoins, bitcoin prices are now down trend, and I predict bitcoin prices will rise again until the end of the year, maybe could reach $ 5000, i hope so
yes i think it too, now will be the best time to buy bitcoin, i planned to buy bitcoin or if i have been earned bitcoin now i am planning to save it to my wallet and never withdraw it, i will make that as my long term investment for my future use. Today the market of crypto currency is very feverish, And at this moment one can very well catch time to buy a good amount of current crypto currency. Maybe other altcoin will pay attention to this, but I would prefer to buy Bitcoin if it drops a little. The fact is that soon the Bitcoin course will go up and time will be lost. It's already dropping, the right time to buy Bitcoins. In my opinion, to buy altcoins now is a waste of money as you can make much more profit with the instability of Bitcoin price. Watch the charts and when the price start increasing again you buy on that moment and hold. In few days it will be already possible to make profit, if you want, by selling the BTCs more expensive. If its dropping i would make my investment because i know that bitcoin will recover back. I have some bitcoins but its not enough to make a lot of profit from my investment. Bitcoin can also get very high i will sell then my coins. I think that this will be the nicest. |
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Really The Future Of Money?
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on: November 09, 2017, 10:46:36 AM
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Bitcoin will just be a other option to pay. I don't think that it will go over euros and dollars. I also think that bitcoin will sooner die than dollars. Its just online.
Cash is in your pocket and is safer than your coins actually.
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