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Bitcoin is better than stock, and real estate market because bitcoin is a digital currency that is fast, secure, and decentralized. What makes bitcoin better than all of them is the bitcoin limited supply. There are currently only 16.7 million bitcoins in circulation worldwide and the demand of bitcoin is higher than supply, that is why the bitcoin is very valuable today.
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Ripple has been around for years and always been in the top 5 of cryptos yet I have no idea what its purpose is.
I need to do some research into that.
All I know is it is related to banking/banks in some way.
Same thoughts which back in the past i dont really bother about that Ripple thingy on what are the things that is useful on it but as majority being said here specially to those who are really cryptoenthusiast this thing is really centralized which investors do have involvement with banks or any other centralized instutions which means price might be affected or somehow can be manipulated. Ripple is a coin which was invented for the banking usage and it was accepted by more than 500 banks all over the world so it maybe controlled by the banks so it is not decentralized coin.But people are investing on ripple due to the recent price bump but in future the riplle price will crash more so it is better to stay away from ripple and better to invest on ethereum or litecoin. Ripple will likely prove to be more useful than Bitcoin in the long run. Bitcoin's network is crippled by capacity issues, and the plan to "solve" it is the Lightning Network, which is a centralized system run off the blockchain. That is, the proposed solution to Bitcoin's network congestion is for Bitcoin to be less like Bitcoin and more like Ripple. So any criticism of Ripple in that regard is hypocritical because Bitcoin will soon be employing the same tactic. Second, Ripple was created to utilize Blockchain to solve issues banks face in value transfer, and it is already backed by some of the largest financial institutions in the world. It's the implementation of blockchain's potential, just without the bloat and expense of running it on Bitcoin's woefully inadequate blockchain. In a comparison of which system is better, Ripple will prove superior, and I expect Ripple and other alts to eventually pass Bitcoin in marketcap as Bitcoin continues to fail at what it was initially set up to do, and perhaps as soon as before the end of 2018. Yes, you are also right, jaysabi. But the problem with ripple is the centralization, the ripple has a company and CEO behind it that can control the number of coins in circulation because of that they can manually pump and dump the ripple price in the market to scam people and run away with their money.  |
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Hmm... Sorry to shatter your dreams and all but... No that's not true ^^ 92% failure rate is pretty normal rate for anything not just for crypto. Most companies and projects fail in the first two years. That's not specific to crypto. In fact I'm pretty amazed by the success rate! 8% of the projects succeed? That's awesome! It means we got 2000 more crypto projects than 2 years ago  Still 92% a little steep, think of all the funds which were wasted on dead projects Better luck next time for the startups that failed. Sometimes, it hard to see something when it is far until you are close. |
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Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?
Well, it appears the bitcoin price is on another level now where you may never expect it to be. The bitcoin price reaches up to $20,000 in the mid-December 2017. The bitcoin really had a successful year in 2017 because the price went from $952 to $20,000. One last thing, you should understand the price of bitcoin is determined by market demand and supply. |
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That was in the past, I think the power issue is no longer a problem because currently there are power grids that are completely untouched in Europe and North America. European countries are Switzerland, Belarus, and Netherlands. In North America we have Canada (Quebec), where there is huge amount of power at very low cost 0.04 kw/h maximum.
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The maximum amount that will ever be mined is 21 million bitcoin yes, but It's impossible for that amount to be in circulation even when everything is mined because people are losing their bitcoins all the time and they are lost forever.
Bitcoin is unlikely to become a leading currency simply because the banking system won't let it happen. Its unstoppable but won't be the main currency for sure. As for paying using smalls amounts, that's not really where bitcoin strength shows but hopefully with Lightning Network, that would be possible.
Bitcoin power lies in a situation where people are sending huge amount of value from one country another per say. It the current bitcoin situation, it is really not possible for the people to be using bitcoin as a medium form of daily transactions. it may rather work as a global payments or a digital store of value. |
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Will I be able to cash out and at the very least support my livelihood if I pursue Master's degree in countries like USA, Germany or Australia? I dont want to do odd jobs, only dedicate my time to studies and maybe trade a little when I need to make cash.
How much savings do you reckon is needed to survive for the 2 year course as a student? Will cashing out and such be problems being a foreigner?
Yes, it is possible... There are few good campaign programs that'll let you post minimum of 20 posts a week and the payment is very good after a successful ICO. You just have to look deeper through the bounty section because sometimes they are hard to find. |
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Hi traders!
Does somebody here do trading in stock market and also trading in bitcoin? Which is more profitable and safe?
Thanks ahead!
The bitcoin price went to the moon last year 2017 - it started the year early selling at $952 and end up the year reaching up to $20,000. The bitcoin is very valuable because it has a limited supply of only 16.7 million bitcoin in circulation worldwide. The bitcoin value will continue to grow in the future because of the limited supply and high demand. The stock market is just outclassed. |
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Ok so I have to buy BTC and trade it for XRP in order to obtain some Ripple. Knowing how the forex market works, im wondering if I bought my BTC at 16k instead of 18k, would I be able to afford more XRP compared to buying BTC at 18k? or is it the exchange rate constant?
Thanks for the replies !!
Indeed, the price matters. when you are exchange bitcoin with ripple the exchange has the price of each coin e.g. BTC $18k while XRP $1. Therefore, the exchange will just divide the price of bitcoin by ripples. Thus, with 1 BTC = 18,000 XPR. When the BTC is at $16k you'll get only 16,000 XPR. |
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I don't trust all these HYIP websites and I'm looking for a more reliable way to invest.
Any suggestions?
Well, there are so many ways to invest in bitcoin starting from bitcoin mining, bitcoin lending and bitcoin trading. these are the best three ways to invest in bitcoin and get high return on investment. If you are planning on doing bitcoin mining you might as well consider starting with cloud mining services such as Genesis mining, or Hashflare mining. |
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Do you think they are talking about bitcoin in your basic ECON class?
No. The bitcoin is a peer-to-peer digital currency that is fast, secure, and decentralized. I don't think a typical ECONs teacher would be able to explain what bitcoin really is, to the class rather the computer science teacher would be able to explain what is bitcoin and how it works to the students. |
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Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
The bitcoin had a really successful year in 2017 the value of bitcoin grown from $1,000 to up $20,000 within only 12 months. The bitcoin was very successful last year because they were so many bitcoin hard forks and bitcoin futures by major trading options around the world. e.g. CME and CBOE bitcoin futures. |
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Indeed, it appears Charlie Lee was right because in every rumor there's an element of truth. The China's ICO ban and cryptocurrency exchanges started as FUD and end up becoming a reality. |
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As of Now, It is pretty much impossible to make micro transactions with bitcoins with their current transaction fees. However, We at Wirex have been working tirelessly to improve transaction speeds and costs of bitcoins within our network and have implemented SegWit for all our users. We also have ZERO fees when transferring bitcoins from one Wirex user to another, making it possible to some degree to use bitcoins for micro-transactions . We are also going to implement B2B (Business to Business) and B2C (Business to Customer) transactions to hopefully allow bitcoins to be used more as a medium of exchange rather then just a store of value for more information, Please follow these links: https://wirexapp.com/bitcoin-money-transfers https://wirexapp.com/segwit-wallet-upgrade-lower-blockchain-fees-customers/Wow, that is a welcome development for the bitcoin community and users as well. great work, Wirex! |
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US Marshals Service to Auction Off $54 Million in Bitcoin The U.S. Marshals Service has announced that it will auction off more than 3,800 bitcoins later this month. The auction will take place on Jan. 22, according to a representative from the service. The event marks the first time since 2016 that the U.S. Marshals Service has held a bitcoin auction, after the agency sold off 2,700 bitcoins – an amount worth about $1.6 million at the time and now valued at about $51 million – in August of that year. At press-time prices, the 3,813 BTC up for grabs is worth roughly $54 million. The forthcoming auction follows a similar structure, according to the agency, with the stash of 3,813 bitcoins being divided into multiple auction blocks. The Marshals Service explained: "The auction will take place during a six-hour period Jan. 22 from 9:30 a.m. until 3:30 p.m. EST. Bids will be accepted by email from preregistered bidders only. The 3,813 bitcoins are offered for sale in 11 blocks: five blocks of 500 bitcoins, five blocks of 100 bitcoins and one block of approximately 813 bitcoins."Prospective participants much register with the Marshals Service by noontime EST on Jan. 19, the agency said, a requirement that includes a $200,000 refundable deposit. The winner of the auction will be notified that same day. The service had previously held several auctions in connection with bitcoins seized from the now-defunct dark market Silk Road. Over that months-long process, the Marshals Service auctioned more than 144,000 bitcoins. Source: https://www.coindesk.com/us-marshals-service-to-auction-off-3800-bitcoins/
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Russian Ministry of Labor: Gov’t Workers Exempt From Declaring Cryptocurrency Gains The Russian Ministry of Labor’s updated income, expenses and property declaration guidelines for government employees for reporting on 2017 includes a point about cryptocurrency, local media outlet Izvestia reports. The updated regulations state that government employees do not have to declare “virtual currencies” they obtained. The note about cryptocurrency was added to an already existing point that stated government employees were not required to declare “goods and services in their natural forms,” adding laconically “as well as virtual currencies.” Representatives from the Ministry of Labor told local news outlet RBC that they do not currently require cryptocurrency to be declared because of Russia’s general lack of legislation in the space, stating:
"At present, approaches to the definition and regulation of cryptocurrencies in the Russian Federation at the legislative level are not defined.”
Risk for corruptionRussian officials have been required to make public declarations about their income since 2009. ‘Experts’ pointed out to Izvestia that the ruling increased the risk of receiving bribes in cryptocurrency that would go undisclosed, according to the guidelines. However, Vladislav Tsepkov of the “Business Against Corruption” Center, an organization created by the Russian government in 2011 to protect entrepreneurs’ rights, told Izvestia that they saw the risk of government workers taking bribes in crypto as “minimal,” noting: “But cryptocurrency is not a means of payment, it cannot be spent. If they [government workers] sell it and get real income, then it will need to be declared, so the risks are minimal.”
Izvestia noted that according to the same regulations, it is required that government workers declare gifts of “real,” or fiat, money from friends or family. These changes come at a time when Russian corruption is at an all time high. According to the statistics on the matter, corruption has increased more than thirty percent in Russia since 2008.  Russia Corruption Index The Russian government has yet to create legislation that explicitly covers digital currencies. The country’s government and central bank generally have a negative stance on the subject, calling cryptocurrencies “high risk,” especially for mainstream investors. Source: https://cointelegraph.com/news/russian-ministry-of-labor-govt-workers-exempt-from-declaring-cryptocurrency-gains
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Hi All,
Please help me understand in plain English how will we benefit from so many currencies?
I see so many startups with decentralized blockchain ideas with their own crypto currency.
Today I purchased oatmeal directly from a mill at their website.
This mill sells its products thru grocers and other online stores as well.
They probably gave 3% to the credit card company, which they could reduce by using blockchain.
But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase.
Then we would need miners to process all those transactions in various coins.
Why can't they just use ETH? Just like all IPOs use dollars.
Thanks in advance
Yes, you are right. Using one to two major currencies is the best idea e.g. bitcoin and ethereum as a form of payments. I think the majority of online merchants are currently using bitcoin and ethereum at the moment because put other currencies that is not bitcoin or ethereum will mean losing a customer to them that is why they use these two coins for now. |
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There are so many ways to make money in cryptocurrency ecosystem from working on a signature campaign to bitcoin mining, lending, and trading. These are major ways to make money in cryptocurrency world, but there are endless ways such as gambling, online gaming, and so on.
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Bitcoin right now keeps on increasing its value, and many more cryptocurrencies are occurring.
Do you think someday bitcoin will end or will be replace by other cryptocurrencies?
Is it too late to invest?
Is there a chance that bitcoin will be down?
Why would bitcoin end while there are un-mine coins. And I don't think there is any cryptocurrency that can replace bitcoin anytime soon, even if it is possible. For investing in bitcoin, it is never too late to invest in bitcoin. People can invest in bitcoin anytime they want for the future but the earlier the better. |
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