https://www.coindesk.com/first-long-...0000-one-year/

What are the odds a random American living in a suburban area can profitably mine Bitcoin as of this date?

0% against btc

5% against usd

Do yourself a favor and either educate yourself on the technology or stay far away from anything but Bitcoin.

If you just want to join an exciting speculation to double or 10x your money, only do Bitcoin. You will get fcked left and right in altcoins unless you know what you're doing. Not worth it.

Your logic is not "wrong". You are right that it's easier to double your money in altcoins, but it's even easier to just lose everything because you got scammed or the coin gets dumped. So it's still a bad choice. Did you know that nobody is working anymore on most altcoins?

Somebody like you might not want to learn about the technology, but you not dumping your money on random alt coins is not only good for your net worth, but also good for the idealistic movement behind bitcoin.
The people building this will improve the world and - if successful - increase freedom for the individual. I'm not here to preach, but in addition of doing the smartest thing with your "speculative wallet", you can also do great for humanity.

Noob question. Can I have people’s thoughts on holding a small amount of Bitcoin on Coinbase once I’ve bought it or transferring to a iOS wallet like Jaxx. Jaxx seems great and easy to move into diff coins etc and easy to hey it out - but seems pretty unsafe as I don’t even have to login or use a password I just click the app and the wallet is there. I just need the ease of moving it around.

Why would someone trust nerd currency vs. central bank currency? Geeks gave you the Internet. Banks gave you the Great Depression.

Is Mochizuki really the HNIC of BTC? (Does anybody know?)

No one would do that, skrill could be chargedback and bitcoin cant be.

Both options are fine. Coinbase is safer, you have less responsibility. Jaxx is safer against confiscation (let's say you like to buy weed on silk road), but more open to theft if you are not careful.

Security is always a trade-off. I suggest you learn the EXACT worst scenarios that each option has and then think for yourself what type of risk you wish to take on.

For example, in order for somebody to beat a standard 2-FA, they have to both know your username+password AND control the second device.

Now think about what it takes in order to achieve this and then compare it to the possible gain. So if you have $300 in your Jaxx wallet, what would a hacker/criminal have to do to get it. So that seems a highly unlikely attack vector.

Let's go to the next weakness, the company behind the wallet. They code and could steal money from careless users (or write bad code, same result). Most wallets are open-source for that reason and they could only steal once.
So this is a little bit of risk regardless, so to mitigate you could wait before updating.

Next, what if YOU lose your phone? BTC are gone...unless...
unless you have those backup words which you can use on other wallets as well. However, anybody else with those words can access your wallet as well.
So if i have to make an educated guess, this is the single biggest risk next to you having a phone without password and losing it.

Go on and on, do the worst-case-scenarios, play them back and forth. If you're too lazy to think this through or simply don't wanna bother:
Put your money in a bank or your BTC into coinbase. Accept that they have the ultimate power over your BTC, but generally speaking you're protected by law. Again, a tradeoff which makes sense for most people.

Ok.
What other options Do I have if i dont want my credit card/ bank Information be available on the exchange?

Anyway to buy them with Cash? I saw those ATM but unfortunately those are not available in germany.

Until you figure out how to best secure your coins, just use Coinbase.

If you're going to use Jaxx make sure there's a pin on the app and your phone lock screen also has a password or some unlocking mechanism. And safely and securely write down the recovery passphrase.

Regarding BTC-E:
https://twitter.com/btcecom/status/853142083527245824?

This was at a time when the outstanding Tether supply was at 50-60M $.
You all know what happened to BTC-E. If huge part of their funds ended up in Tether somehow, this could likely imply future involvement of the US authorities - with all the consequences.

I concede that your explanation might be a possibility. However, I have some doubts regarding aggo´s claims that OKcoin is one of the reasons for the big rise in Tether supply. He claims they are heavily involved yet they are nowhere to be found in the official Tether richlist:
https://wallet.tether.to/richlist

The biggest Tether wallets belong to Bittrex, Poloniex and Bitfinex. Which wallet belongs to OKCoin? Even if several of the unidentified wallets belong to them the amount is pretty negligible compared to the funds at Bittrex and Poloniex.

I don´t even think that Tether started out as a scam. I think it was legit until it changed ownership and the BFX guys started running the show.

https://twitter.com/ReeveC/status/932033864012148740

Thanks for your input to my above q. I’ve had bitcoin at multiple stages and moved between Coinbase and Jaxx I think I’ll just buy BTC & ETH & leave it on Coinbase. Thanks again

Bitpanda allow purchase of several cryptos including btc and eth with skrill or neteller. They charge huge mark ups though.

Bitcoin is limited to 21 million and once hyperinflation hits all the fake bankster Rothschild fiat all the world will turn to BTC. This coming very soon, Ron Paul has been expecting it since the 1970’s, which shows you just how due it is.

Please consult YouTube for all advice on BTC.

End of March 1k
Mid July 2k
End of September 4k
Mid November 8k

It is remarkable from the perspective that at current prices, the market is absorbing +$5bln/yr in miner expenses.

Yeah, what people don't realize is that in order to just keep the price at current levels, you need a huge influx of money (assuming miners cash out regularly).

Further growth is even harder to sustain because of that, but if exchanges worldwide have 500k+ daily signups, what else can you expect.

Anybody trying to time the top, you were the same guys who wouldn't buy at 3k. If you bought at 1k, you were the donkey for roughly 2 years (!!!), never forget, but you'd still be up today.

Invest if you are patient and willing to go through some dry periods as well. We don't know yet all the use cases of BTC (payment system, store of value, currency etc)... it could be a bit of each.

In order to stay disciplined (most important!), pick a % of your networth you wish to invest and rebalance monthly. This way you will not make emo-buys/sells. how high the %? Whatever you're comfortable with, there are many approaches, see what people say and what u think is best for yourself.


About Tether:
Haven't studied this yet, but generally speaking, you always should ask yourself why an exchange with 1billion assets (or only 100mio) or whatever... why they can't secure reliable banking when other exchanges somehow can. Not limiting this to Bitfinex, but to any exchange today.

When BTC was young, you needed semi-shady operators bc the whole thing was a grey market. Mtgox in some bigger picture was unavoidable. Today you have a choice. Leave the shady operators to the people who have no other choice.

Only 1800 coins are mined a day - Coinbase signed up 100k users in a day, 1m in 1 month.

This word "huge" I don't think you know what it means.

Can someone please link to the most well thought explanation of "store of value" and "currency", cause both of those seem totally insane.

5 bln is nothing

Hey all. Has anyone here claimed their bitcoin cash on the same computer that they keep their bitcoin? I have electrum on my computer and still have not claimed my bitcoin cash yet. I don't have a 2nd computer at the moment.


I was told in another forum that you can still do this. They told me to first create a new wallet with a new 12 word phrase of electrum on my computer. Then send the btc to the new wallet. Then once i do this, make sure all my btc is in the new wallet of the electrum. I then download electron cash on the same computer and then put in the 12 word phrase. Then once i do this, i would get my bitcoin cash and can send it to bittrex to sell or trade for btc or anything else.


Then just use electrum like normal but with the new wallet and thus never use the old electrum wallet with the old 12 word phrase. Can someone here tell me if this would work and if this is fine? That person told me he did it this way but not only that... he said he just kept the electron cash program on his computer and did not delete it afterwards. He says there should be no issue since he does not keep any bitcoin in the old electrum wallet and everything is moved to the new one before he claimed the bitcoin cash in electroncash. Can anyone here confirm this would work and is fine? I do know people say the first thing you should do when clamining bitcoin cash would be to send your bitcoin to another wallet.

One of my favorite things to do nowadays is to go back and read about perspectives in 2012, 2013


here is an old article i remember reading in 2013 by chamath Palihapitiya which helped crystallize my thoughts concerning bitcoin and to move my investment from fun to serious.

https://juejin.im/entry/593d622afe88c2006a2396dd


and here is a talk he gave a little later, something i remember watching 3 times.

also, although the article lacking in actual content,

i reflect on this title a lot, as it is so profound to me when tasked to simply describe what bitcoin is.

https://www.wired.com/2017/01/bitcoi...g-way-weirder/

Most people don't understand exponential growth. They can't wrap their mind around it