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There are many people who risk and don't know much what are doing but they suceced, at the other side there are many "experts" who are afraid to make investments and fail and make mistakes!
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I think the whole idea is not a good one because it's hard to "implement" bitcoin as a national currency because of the infrastructure and other legal issues that a country faces. But I think that it's good to see bitcoin being more popular more useable by people and step by step bitcoin can become the most used currency within a country and then the government can think if it worth or not to set Bitcoin as a national currency.
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Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!
From my experience until now I have been in conclusion that the best investment in the crypto world is investing in bitcoin and holding them, I tried many different coins to exchange and trade, of course it has its ups and downs but recently I got in a big trouble investing mostly all my money in altcoins and with the recent bitcoin price increase I'm in a big loss because of the low exchange rate. |
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One of many reasons why an ICO can be unsuccessful is the team behind the ICO, the product is not very clear for the audience and people don't know what are they investing in, then it can be the management, poor managing, not correct about the investments amount at a specific period of time etc etc. If the product is too good to be true then don't expect much supporters.
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Guys, what are your prediction for this Airdrop, since the reward is not very high for bitcoin holders but it's great for Byteball holders like me. Will the price of byteball incerase or decrease because of this airdrop? I'm thinking to sell some exchanging to bitcoin but don't know where is the best time, any?
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Btctalk name: n691309
Rank: Legendary
Current post count: 2500
BTC address: 1ME7P81Li4yHohSrms9B4tQkQ1xAd7855T
Wear appropriate signature: Yes.
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If you escrow the funds in bitcoin I will apply.
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I suggest OP to get educated about trading at first. Parallely you can participate in the signature campaigns found in this forum which can help you to earn some Bitcoins. You can use these Bitcoins to trade altcoins in bittrex or any other crypto exchange sites. Try to level up your account to atleast full member for better earnings.
I recommend beginners to participate in signature campaigns so that they can earn some amount of bitcoins. Once they have enough bitcoins, they can join trading. Buy bitcoins when they are cheap, sell when the prices are high and you need money and at last keep on investing in it to gather more bitcoins. Do not give up and it will be a plus point if you become a full member. |
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I know we are still at a start of cryptocurrencies, but bitcoin is growing with lightning speed right now and some banks already see it as a potential threat.
There has been a lot of accusations form banks, that bitcoin is perfect for money laundering and is used for supporting crime. I think they can do a lot of harm to bitcoin market and they will eventually start with harsh campaign against it. Do you thing it will happen and when?
War? What war are you talking about op. Banks are already using bitcoin technology called blockchain. There are some banks which are paying or accepting Bitcoins. Many are now encouraging it to. Yes there is a fear that banks may loose out business, but it's absurd nothing like this will ever happen, banks are more than happy to encourage Bitcoins as after conversion, it comes back to them. As I see it, it's nonsense to have a war between banks and bitcoin. Banks can convert bitcoins into cash that is helpful to their daily cash flow. It's also possible to convert bitcoin into other currencies; therefore, these banks have no good reason to start a war. The truth is, the bitcoin technology which is known as "blockchain" protects their transaction round the clock. But if people invest in Bitcoin they won't let their money laying at the banks, so the banks won't make profit from your money and pay pennies back to you. Banks work like the middleman between you and a good investment, with Bitcoin you skip this middleman and start investing by yourself, 100% profit for you, while investing with banks they pay you few percentes and enjoy all the rest of the money. Banks hegemony ends if Bitcoin rises and get more adoption. My point of view is when Bitcoin collapse still Banks has the real money on hold but in the other hand if Banks collapse - what would be the effect for Bitcoin? Of course you can't convert Bitcoin to any currencies and possibilities Bitcoin will have no value at all. First of all, there are no chances of bitcoin to crumple. They will survive longer and better than you think. The Central bank of Philippines has legalized bitcoins. So banks are not exactly against this crypto currency. If banks collapse then all the payments will be made in bitcoins. There will be only one currency for the whole world, bitcoins. Then it won't be converted into any other currency. |
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Trading is part of tricky investment in which you have to be very patient about your goals. If you get greedy while trading then you are almost finished with that trade no matter what you do. Your loss is not much and it should not happen but it is really temporary and bitcoin will rise up again. Most if the people do even greater trader strategy than this by holding at least 5-6 coins at the same time and they never get panicked with fall situation because they always have mind set that they can earn big with their trade. So try to learn these strategies and control the emotions. Rest is yours.
Getting greedy and losing patience are the problems usually all day traders are facing. In the case of long-term trading, trader never need to worry about these things as there will be no need of emotion control for long term trading plan. Again, strategies and money management other things a trader need to worry only for day trading and definitely not for just holding. In my experience I am always suggesting to go for long term trading with the respect to bitcoin and surprisingly it is always profitable for all the people. Instead of struggling with different aspects of trading, it is always easier to buy and hold to make big profits with bitcoin. I am also have switched over to long-term trading plans as short-term trading was most of the time leading to losses. To secure my capital I decided to stick with holding for longer haul. |
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It would be great if our employers sent Bitcoins to us instead of cash for our 401ks.
It'll be a while for most of us, unfortunately. I actually considered quitting my job just to get my retirement and profit sharing accounts out of mutual funds, commodity funds and cash, and into GBTC. But in the end, the risks weren't quite worth it. I've been better off (I hope) slowly averaging into a long term bitcoin position, some of which I treat as a retirement account. Investing your retirement income into Bitcoin it’s kind of a “Win or Lose”. The high volatility of Bitcoin makes it to be a really great option for investment when the price is going up, but it’s real a pain in the ass when the price is going down. Think of it, the price for a bitcoin is going up, and assuming you invest the 401k into it, calculate how much profit you will make when the price keeps going up. If you’re smart enough, what you will do is once you invest and see a great profit like extra 200k on it, you just withdraw your 401k investment, and leave the 200k to keep growing. |
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Username: n691309
Post Count: 2493
BTC Address: 1ME7P81Li4yHohSrms9B4tQkQ1xAd7855T
I changed the avatar but it may take a while to show up.
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I want to keep this thread alive because not only SiaCoin but also other coins are facing a huge dump of their exchange rate to bitcoin, I remember clear when the price was at 750 satoshis and I really believe that the price of sia will be higher and higher but it didn't happen, now the price dumped to 179 satoshis which I really feel bad and made one of my worst investment.
I think that those coins are dumped but still have the same USD value. Not really a big dump though, just people think that the value of a coin still remains the same since many people still consider the value in USD, not in BTC. Well that's how it works normally for people that invest in something and value that thing in USD or fiat because they invested through fiat, but for others like me I estimate the value in bitcoin only because I invested in these altcoins in bitcoin and I never check what's the value of bitcoin/altcoin in USD because I have made the investment cash to crypto a long time ago and I don't compare this. From this I can conclude that it worth more to hold the bitcoins rather than invest in altcoins because you will get higher value instead losing your money investing in altcoin. |
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What do you recommend, I didn't get the last sentence. My concern is that I invested a lot of money when the price was 0.2BTC with a hope that the price will be higher and back to 0.3BTC because of the airdrop, but in fact the opposite happened and my money is now stucked in byteball and I'm thinking to hold them for another month to see if the price will increase, what do you think?
if bitcoin continues on its tear then i don't think there's any chance of it going back to 0.3 soon. each distribution is bringing more and more of them into play. there's gonna be less to dump this time and people are more incentivized to hold or buy gbyte but i don't think it's enough to rise over three times in btc terms. i think this coin has a lot of potential in the medium term but first it has to get rid of the freeloaders and bring some genuinely interested people on board. that might take a while. We all need advice, we are not perfect, but in the crypto world everything can happen and I'm mostly worried about the exchange rate of byteball to bitcoin because I made the investment in bitcoin and If I could only hold the bitcoin without investing anywhere then I could be much more rich than I'm now holding the byteball which has -70% of it's value. |
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I like how Mike Hearn was eager to learn all the aspects of bitcoin in its infancy. He was genuinely curious when he sent those emails as far as I can see. Also, Satoshi answered and explained it in detail which makes me think that Satoshi really is a person of high intellect capable of explaining difficult technicalities in simpler terms.
I believe there are also some snippets of conversation here in this forum that Hal Finney posted. I'd try to take a look of it since Hal is one of the genesis miners which Satoshi came in contact with.
Yes, he was a person of high intellect and he’s very smart. Lol, this guy invented something like this, and we should learn to appreciate. When we talk about real superheroes, this guy is one of them. The best inventor, and a smarter person. I hope he knows how much he has done by just inventing Bitcoin. |
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Why should we care about Mike Hearn having or not having Bitcoins? I understand that those transactions between Satoshi Nakamoto and Mike Hearn must be very important in the Bitcoin history,but why should we argue about this? I`m curious about the bitcoin value back in April 2009.Some forum member here said that bitcoin was free back then.Too sad that i haven`t had a PC and didn`t knew anything about BTC.  Lol, I was about to ask the same question before I came across someone saying the same thing. I don’t really know why these people seriously cares on whether Mike Hearn has Bitcoin or not. Men, common, it’s is his own business, OK? I don’t know why someone would be eating himself up for this, unless there is a reason it’s going to affect the community. |
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Have you ever wondered how would the world's economy be like in the future as a cashless society? Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more. If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology. Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies. Nevertheless, I would like to know your opinion about this.  I can definitely see digital currency to be the 'next' form of payment method, in the sense that it will replace paper money altogether. Cashless society is very much possible, there is no reason to say that it would not work. Credit / debit cards are already the first form of cashless payment methods, and it is working quite well. This just goes to show that it is possible to have a society that will be 100% cashless. Also, bitcoin debit cards are already a thing, making the lives of many of those easier who want to purchase a product from a store that does not yet accept bitcoin. Yeah, cashless society will come into existence within a score. The pace at which people are investing into bitcoins and supporting them, I don’t think so anyone would then be against cashless society. Many people still prefer the debit cards etc over paper money because they are easy to carry and use. |
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Guys, how do I best trade btc/eth ratio? I tried with shapeshift but the fees are huge! Also is there a miner fee on btc and also on eth transaction if i switch btc-eth?
Poloniex and bittrex has some good fee, I'm not aware of shapeshift. Poloniex has from 0.15% - 0.25% the fees depending how you place the order and when. Bittrex as far as I know has 0.25% standard but you have to check also the price on both exchanges at the time you want to trade as it may be a little bit different and if the amount of bitcoin is high then you will notice the difference. |
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Trying to figure out if/how I can transfer funds from a paper wallet to another paper wallet?
I understand I could go from paper to android wallet and back to the other paper wallet, but didn't know if there was an app to scan from paper to paper.
Thanks
I think that there is no way for sending/spending the money from one paper wallet to another one without a bitcoin wallet client being in the middle. Maybe you are afraid to scan or put the private key of one paper wallet to a bitcoin wallet client but what you can do is to use the android or a desktop bitcoin wallet and send the bitcoins to another paper wallet. |
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I've invested lots of money in byteball and I wanted to ask you guys when will we see the byteball price at least 0.2BTC+, the current price is really making me feel bad, I've invested in other coins too so all of them have a bad exchange rate, I'm just comparing if I could only hold the bitcoins will I have a better profit? - Yes. Want your suggestion/prediction about when will byteball price increase.
bitcoin is having its moment in the sun. almost everything else is kinda flat and will continue until this burst is over. let's see how the byteball market reacts to the new distribution model before making any predictions. a 0.2 btc price means it'll be worth 1/40th more or less of bitcoin's value when it's fully distributed. do you feel that's fair? What do you recommend, I didn't get the last sentence. My concern is that I invested a lot of money when the price was 0.2 BTC with a hope that the price will be higher and back to 0.3 BTC because of the airdrop, but in fact the opposite happened and my money is now stucked in byteball and I'm thinking to hold them for another month to see if the price will increase, what do you think? |
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