Latest posts of: Thefrolly

I wouldn't say that Bitcoin has reached its goal but it is very well on the track towards becoming a currency that will be an alternative to the fiat currencies. Bitcoin is currently at number six position among the world currencies. This is pretty huge if you think about it.

Well you ask them if cash is not used by these terrorists and hackers. Now since cash is mostly used by these people is that person going to stay away from cash too? The people having such thoughts in regards to bitcoin have been influenced by the media and likely wont believe into what you have to say.

Regarding your confirmation times question. Well that's why layer two solutions are being developed like lightning network which makes transactions instant and extremely cheap. Also Bitcoin is being valued based on the future value it might have and without valuing it high enough large investors wont get interested in the Bitcoin markets.

Frankly speaking you don't say anything. Cause there is no sense in trying to convince them as they have been fooled by the media into believing that Bitcoin is only used for illegal things. With time they will understand how wrong they were in thinking this way about Bitcoin and how big mistake they made by staying out of the crypto markets.

The $100k Bitcoin price prediction is actually quite reachable in the next three years. As that price range is just x5 from the current Bitcoin ATH price of $20k. And if you look at the past bitcoin gains than all those predictions frankly look quite achievable. Although saying that Bitcoin will reach 1 millions dollars at this stage would be a bit too much.

The biggest way to prevent hackers from stealing the coins from your wallet is to use a completely different PC or OS for crypto wallets. This way the hackers wouldn't have a way to get into your system if you only ever used the wallets. If you have a substantial amount invested in crypto markets than I would advise you to get a hardware wallet instead.

Well no one said that you shouldn't be concerned. But the reason why most of the people might not be concerned is cause they understand the risks of investing in the crypto markets and probably only invest what they could afford to lose. Also if you have trust in the Bitcoin project than there is nothing to be concerned about.

I'm unable to understand which risk you are talking about. As the biggest risk that a bitcoin investor faces is not being able to securely store his coins. Which can be done if someone takes proper security measures like storing their coins in hardware wallets, etc. Other than that I cant think of any other major risks.

No you should stop right now. You yourself mentioned the stats yet you are asking people on this thread for advice. ICOs are a bad investment and you should stay away from them and prevent your greed from taking over you. Why don't you instead invest in some already established altcoins.

Quote from: Cryptoshops on January 07, 2018, 08:18:07 PM

This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me

His Address 166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL Final Balance 103.20832384 BTC

So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used Sad

He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying."

Well there are guys who have lost their wallet files with thousands of bitcoins in it. So this is a small incidence in comparison to them, not to forget the guy who lost millions of dollars worth of Bitcoin after he dumped his drive into a dump yard. The total amount of Bitcoins lost forever might be in the millions.

The volatility that you are talking about is the biggest thing that attracts new users to the bitcoin markets. Without this volatility you can expect the markets to be boring and not much traction happening. And the debit and credit cards that you are talking about charges 2-3% to the business owners which they don't have to pay with cryptocurrencies.

The governments aren't looking to regulate Bitcoin but to ban it. But they aren't able to figure out a way to do that due to the decentralized nature of Bitcoin. But today or tomorrow the governments will have to regulate Bitcoin and it will be a bit good too for the industry as it would prevent hackers and scammers from getting away.

Frankly speaking not many countries have legalized Bitcoin let it be United States of America or any other western country. You have to worry about those countries first before even thinking about Southeast Asia cause they are the ones who can increase adoption of Bitcoin fast.

Everyone says that Ripple is not a real cryptocurrency cause it doesn't follows the basic rule of cryptocurrencies being decentralized. Ripple has most of its supply locked up and controlled by its creators who inflate the prices by controlling the supply. Also blockchain can turn out to be a bad tech for centralized currencies.

Well the RBI of India banning cryptocurrencies is old news and they have already said that instead of banning cryptocurrencies they will regulate it as commodities. Its time now that the crypto world stops reacting to the country ban news as its mostly FUD and never turns out to be true.

I wont panic until Bitcoin price goes below $1k. Also if you have trust in the project than there is nothing for you to worry about unless some major flaw in the blockchain technology gets discovered. Plus if you have not invested more than you could afford to lose than there wont be anything for you to panic about.

Well we don't need to regulate the crypto markets completely. We only need little regulatory over watch because without it the scammers and hackers are going to become fearless. The crypto market is already going through so many hacking attempts and without any regulation there is going to be chaos.

Yes, because Bitcoin has grown enough that they won't be able to make similar profits like earlier. Where as the price of ethereum is still low in comparison to that of Bitcoin. Also those who weren't able to get in early into Bitcoin have the opportunity through Ethereum.

The price change that you are talking about is called volatility. And this happens cause the whales manipulate the cryptocurrency prices to create volume and make profit by trading. This volatility attracts new users and traders who want to make quick profits. Without this volatility not many people will be interested in the crypto markets just based on the technology.

No I don't think the market is getting stable. This could turn out to be a bull trap. As many people are expecting a bull run but usually the opposite happens in the crypto markets of what everyone is expecting. Also I think it would be too early for the markets to recover after such a long bull run we had last year.