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When I invested in Torcoin, I was a super newbie. People here did a good job trying to warn people like me that it's a scam, but I did not listen. (Fortunately I did not lose any money with this, but many others were not so lucky.) The least I can do is come back here and admit I was wrong. We all need to learn our lessons somehow. So, thank you Trumpman and others. Keep up the good work busting scams.
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I claimed my BTR today and everything worked great. Big thanks to the team. Maybe BTR will have huge value, or maybe no value at all, whatever the market decides. This will be interesting to see. It's a nice experiment with big potential.
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It's sad to see many people investing into useless tech like XRP. They do it in good faith and lose their money. It would be so easy to do 30 minutes of research to understand, why XRP cannot compete with real cryptos, and also isn't useful to banks either. It would make no sense for banks to touch XRP. Please be careful with these empty hype coins, people.
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I wish we could all stop using centralized exchanges soon. Decentralized exchanges like Bisq or Altcoin.io need just a bit more work on their technology for them to be ready for mainstream.
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Holding Bitcoin in itself is making the world a better place. You are voting with your wallet so to speak, against the old corrupt monetary system, and for a more honest and fair future. Whether the holder feels greedy about it or not, well that's the holder's problem. I think it might be unhealthy to feel too much greed. Might be better to take things only half seriously. Laugh when the price goes up, and laugh when it goes down.
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I wish them luck. They must be getting a ton of s**t from many people already, but hopefully this maintanance will fix their issues permanently. I kinda like Kraken. Don't know why. Centralized exchanges are soon becoming obsolete anyway.
Sorry for people who hold too much money on exchanges. It must be scary times whenever an exchange goes down for maintanance. Everyone is saying this, but I will repeat too: Keep your own private keys.
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95% of altcoins will go down in the end. And what happens to all that value? It will all return to Bitcoin. The same with fiat - all of that value will be drained into Bitcoin. It's like the ocean, and all the rivers flow into it. You can make bigger short term profits with altcoins - just be sure to transfer this value back into Bitcoin BEFORE the next big altcoin crash.
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Bitcoin, Monero and Byteball. Three very different things, each being best in it's field in my opinion. They are based on actual working technology and not just promises. At least with Bitcoin and Monero, I don't have to fear the price crashing overnight. Even if it crashes, it will return, because the technology has much use.
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I suspect that Ethereum will slowly fade away. Even though I like many of it's ideas in theory, they just don't seem work very well. A Kitten game can make the whole "world computer" stuck. I'm not a programmer however, so I don't have a very deep insight, if it's possible that the problems can be fixed easily. I hope for the best of course.
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Exiting does not make sense to me. I don't see the point in exiting, ever. That whole mindset is for people who don't really believe in Bitcoin's potential, or just don't understand it. In the future, fiat money will cease to exist. If national currencies still exist in some form, their value will be based on Bitcoin. This is serious stuff.
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ETH is semi-broken and XRP is technically obsolete. I hope that people buying them understand this. They are ok for making profits (accumulating more Bitcoin) but cannot survive in the long run. Not without a working product. So be careful people.
Ok, so maybe there's a slight chance that Ethereum can fix their technical problems. We will see. With XRP however, there is zero hope of long term survival.
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I own some, because I like to invest small amounts in all privacy coins out of principle. I'm not sure however, how is DeepOnion different than just using Bitcoin or any other crypto through Tor. There must be something I'm missing. Gotta do more reading... The community spirit seems great however. Can't complain about free airdrops.
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International police raiding Bitcoin mines? That would not damage Bitcoin in the slightest. The tech is designed in a way that as long as the internet exists, Bitcoin is practically indestructible. If old miners stop, new miners appear. The price would probably crash, and then bounce back, but who cares.
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South Korea has about 5% of worldwide Bitcoin trading, if I'm not mistaken? So if BTC were to be completely banned there, then the price should rationally drop 5%, right? Of course they are not comparable 1:1, but this is just to think about the scale. People panic, so the drop is already bigger, heh. Anyway, it's most likely empty news. Whatever the reasons behind it, BTC discount is always good news to me. Fortunately, by coincidence, I just got some more s***coin called the Euro, that I can dump for BTC.
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For as long as fiat money exists, it's always a good idea to dump it in favor of BTC. I don't know if it's gonna be for 5 or 20 more years. Better be early than late. Until that time, we will see many temporary ups and downs, but they are meaningless. I will buy today. And again next month. And the next month, and the next... Regardless of price.
Then again, if you want to be more precise, I like rat03gopoh's suggestion.
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In the glorious future, will we have a different coin for everything? When I want pizza, I will first need to buy some pizzacoin. When I want to buy a camera, I'll need kodakcoin. And, when I need to see a dentist, I will need dentacoin.
If this trend continues, soon we will probably need a blockchain token even to use a public bathroom. We could call them s***coins.
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This has no chance to compete with Bitcoin in the long run. It's not useful as a currency, and not useful for banks in any way. It's all empty. I did make some profits with this, but it's dirty money, I'm ashamed. Will not touch again. See how I cannot even bring myself to say the name of this... token... Just like rivers return into the ocean, all the money will return to Bitcoin in the end.
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Day trading is for kids with surplus time and energy. Good for them, but not for me. One needs time for silence, relaxing, taking walks, or anything besides looking at the computer screen. Also, whenever you win in a trade, someone else loses. The money does not come from a vacuum, but from real people. You never know, your profits might come from some kid risking all his wealth. I don't want that on my conscience. While holding and accumulating Bitcoin, Monero, or other projects that I believe in, then the wealth is slowly drained from an old corrupt money system, and this is a good thing. This way I can sleep with a better conscience.
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Monero has very, very solid technology. Probably the safest long term hold together with Bitcoin. Then again, the best tech might not always win, so... Who knows. :/
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