But everything is about to change.
900 years ago, the Roman Emperor Markus Aurelias said; "An empire does not fall by invading enemies tearing down the gates. No, an empire can only fall if its people stop believing in it".
This is why I laughed when a friend of mine said , "the Government and the banks will destroy Bitcoin"
I replied: "The only thing that can destroy Bitcoin is Bitcoin itself"
The civil war between Bitcoin and Bitcoin Cash is creating an environment of FUD . Fear Uncertainty and Doubt.
as well as an unhealthy rivalry. I even hear seasoned traders talking of Bitcoin possibly falling and Bitcoin Crash succeeding. This shocked me because some of these traders I follow and I have a high respect for their trading knowledge. But then I realised that these traders are young. They might understand the fibernacci code but they do not know so much about the human condition. They lack life experience. And real life does not always follow the fiberancci code.
I am not young, but I am not old either, and time has given me life experience in the area of how human-beings react when it comes to money. And what I have learned is that in certain circumstances, people who are normally logical, can throw logic out of the window and act irrationally.
This is why when Segwit2x was cancelled, the first thing I did was to buy thousands of dollars worth of Bitcoin Cash. My instincts about human nature (and money) told me that Bitcoin Cash would have a sudden rally.
Now the thing is, I wrote about my thoughts on this on certain Crypto YouTube channels. However, the reaction I got shocked me. Ridicule and even scorning. Some comments were not nice at all: "fck off you Roger Ver lover" Now the thing is, it was clear to me that my comments were taken completely wrongly, for I was not saying that I wanted Bitcoin Cash to win, or to lose for that matter, all I was trying to say was that I believed that this was going to happen and I was simply sharing because I wanted people to make a profit off the BCH rise.
I was told - "the fibernacci code says differently" . Well it seems the fibernacci code has been temporarily flushed down the toilet.
Well as usual, I always do my own thing. My plan was to buy BCH, ride the Tzunami and then sell high and put my money back into Bitcoin again.
For as much as I knew BCH would rise and BTC would go down, I also knew that Bitcoin would : "come back with a vengeance" How did I know this? Well because of Markus Aurelius.
Belief in Bitcoin goes deep and as long as this belief remains then it can not be destroyed.
And so when I wole up this morning ad saw BTC had risen again from the ashes I was not surprised.
I have made a ton of money over this sega even though I would prefer it had not happened.
But I have learned a thing or two about money. It is often said that; "Money never sleeps". But there is another thing thing I have learned too. Money does not have an opinion either.
However, the days of Bitcoin dominance are numbered and the rise of alt coins are coming. Wh?
How do I know this, well again you can either laugh at me, ridicule me, or you can listen and take advantage because everything is about to change.
Here is why.
To explain this, first we must take a step back and see why Bitcoin, and now Bitcoin Cash, has so much power.
It is all to do with access to the outside world.
In order to get "in" to the cryptoSpace we usually have to buy Bitcoin. Once we have Bitcoin we can get into the exchanges and buy altcoins and trade them against Bitcoin etc.
If we have made a profit then we can either keep our "money" in the cryptoSpace, or take it out in to the "real" world of fiat money (dollars, pounds, yen, euro deutschmark). If we have bought alt coins: Dash, IOTA, Ethereum and so, on. then we mostly have to sell it for Bitcoin in order to get it out. Although this situation is improving, it is still pretty much dependant on the ecosystem built around Bitcoin. This has created a bottleNeck affect.
All this is about to change
In the very near future there is going to come a whole new wave of "crypto currency exchanges" in the crypto space that are being built to make it far easier to get your money in and out.
In my opinion this is going to affect the dominance of Bitcoin.
I do NOT think Bitcoin will die, it will survive and become even bigger, not because it holds the keys, but because of its brand.
However, these new cryptoCurrency exchanges will, in affect, be giving a set of keys to the outside world to all the Alt coins so that they do not need to go through Bitcoin.
Here below is an example of the kind of cryptoCurrency exchanges I am talking about.
CryptoCurrency exchanges like this will change the state of the cryptoSpace in a dramatic way and cause a boom in the price of alt coins. I think we are on the cusp of new beginnings of a creating a type of world wide stockmarket style trading. Normal stockmarket trading is pretty much controlled by a handful of people. Even GoldmanS achs admit this. However, although we have seen some market manipulation over the Bitcoin Cash price, the cryptocurrency market is still pretty a free market.
It is the wild west out there.
And why do people like the wild west?
Well because it is exciting and fortunes can be made.
I believe we are on the cusp of a new era in the CryptoSpace
lWith these new kind of cryptoCurrency exchanges (and did you also see that they will have zero trading fees) then the cryptoSpace is set to explode and so there has never been a better time to invest in crytpo-currencies.
For I do not think we will ever see these low prices ever again.
What should buy?
The best advice I could give would be to ask yourself two questions:
1) What cryptocoin offers something that the future needs. Does it fulfil a need?
2) If you believe in the project.
I will finish by saying that this is all only my own opinion and not financial advice, so always do your own research and decide yourself. But I will say that I have a track record about such things and I always put my money where my mouth is. However, if you disagree then please let me know and we can have an intelligent discussion over it.I am always open to expanding my knowledge so I can make better informed decisions.
To finish: I sincerely ask that you refrain from insults and mocking. Thank you.
What I write is merely my own thoughts from my own life experience.
If you like what I post you are very welcome to follow my blog.
A friendly upvote is always appreciated and a resteem I see as a gift.
A warm welcome back in advance
So why didn't you give me the heads up on this trade Arthur? LoL
When Segwit 2x didn't happen I thought for sure Bitcoin would go down. When it spiked up to 8000 I was thinking "WTF is going on here. This makes no sense!" Then it started going down and I was vindicated.
What I didn't forsee was BCH going up as much as it did.
Ha ha ha you know I think I will give the heads next time. I think I was so taken-aback from the reaction I got on forums for predicting the rise of Bitcoin Cash that I decided perhaps it was safer to keep my mouth shut.
I have a good feel for the crypto market it seems considering I read the situation right when os many so called experts got it wrong. The reason is not because I am any smarter than those guys but simply because prefer to keep politics out of the crypto world. Thats why I say that money does not have an opinion.
I once met Roger Ver years ago and from that I learned he was a powerful force of nature. He virtually built the entire Bitcoin ecosystem in Japan on his own. When I heard he was in Asia promoting Bitcoin Cash then I thought wow a Tzunami is on its way. I did write all this in Bitcoin forums and YouTube channels but as I say I was scorned and mocked. I made a lot of money out of the madness by simple being objective but they lost out simply because they made the whole thing into a war.
Good to hear from you my cat loving friend : )
It's all good. I try not to give trading advice because I don't want people complaining about losses. Sometimes they don't even follow your instructions and still get mad.
We all take responsibility for our own trades. Although I wouldn't complain to hear about potential opportunities once in awhile.
I think I might take a look at iota. It's been completely off my radar, there are just so many cryptocurrencies now.
IOTA is a solid bet. It is the Bitcoin of tomorrow in my opinion. I will be doing a post on that with some good news very soon.
Looks like the two of us made similar trades. Had a couple get hung up forever and then cancel out, but ignoring those I did very good with all the volatility.
I agree that a huge part of Bitcoins current success is due to it being used to access other coins. Was talking with my brother-inlaw about why he had less bitcoin then some other ones he had heavily invested in. Then he went down his list of alt coins he used his bitcoin on. Told him he needs to learn to rebalance things when he pulls large chunks out to buy new coins.
The whole it didn't follow the rules mentality is to funny. It makes me think of the absolute worst poker players in the world who think they should be the best because they know the stats on every hand and know exactly mathematically what they should do. Problem is the Human Factor when you are applying a mathematical formula to anything that humans touch.
That formula didn't factor in fear, greed, ignorance, arrogance, and so many other human factors that any person with Common Sense could see coming. I posted about some of the human factors when everyone was asking "why" is BCH rising. Post was basically outdated by the time I finished it as everything happened so fast but it pointed out how disenfranchised holders of BTC moved to their second best option.
Funny thing is I don't think many people realize the hash rate issues that happened. Sure prices dropped hard, but as it did the hash rate dropped faster as it became drastically more profitable to mine BCH. This could have been a disaster if some miners didn't keep mining BTC passing up on profits and actually mining at a loss or near a loss.
This is something BTC needs to fix and it has to do with the hard 2 week cycle of difficulty resetting. Have some thoughts on how to address this, but making change is hard.
Congratulations my good fellow - your stockmarket background and understanding of human nature paid off for you. Us older ones it seems made the smart moves while the young whizz kids became baffled why their fibonacci code failed them lol.
That was good advice you gave your brother-in-law.
Good point about the hash rate- I did hear BTC miners have now decided to their agenda on the lightning network forward. This is a good move as the transaction speeds need a kick in the ass.
I have also heard that Russia could be the next big place for mining farms. That could get very interesting.
If China actually cuts off the cheap power (story floated recently about it) that could drastically effect the total hash power out there. Anything that speeds up the transaction process without further centralizing the mining is a good thing. Centralization is the issue with taking the approach that increasing block size for the solution, larger the block size the more computing power needed and less people can afford the equipment needed to mine.
And yes I think experience (shh about the age thing...lol) has helped us make a trades that less experienced traders couldn't.
I just heard on the grapevine that the China story was a false flag - I expect Bitcoin to go up now gradually to $10,00 or even higher
That is a good thing if it was, otherwise we can expect higher transaction fees across the board for all Crypto. Processing power goes to the most profitable coin and if Bitcoin lost China's cheap electric it will effect all.
Absolutely - think if Africa decided to cover the deserts with solar panels they could run bitcoin farms for free
Up front investment makes solar not the best solution cost wise, but they do have the space...lol. My brother inlaw is looking into wind turbines to power a grow house. Told him we can add mining to the location if he wants to up his power production. Sometimes the increased power doesn't add much cost with projects like that. The install of a small wind turbine vs larger one isn't much different.
@arthuradamson, you are the only person here who's posts about crypto I understand a bit as they are written for us not so into it, to understand them. Thank you, and keeping my crypto :)
Thank you @jungwatercolor, yes indeed, that is pretty much my intention with writing these crypto blogs - to try to give the information in a way that non-crytpo-non-technical people can understand what is going on so that they feel more involved and can perhaps make some extra money. Happy you got something from it.
I've been thinking the same, although I think the different bitcoins will all struggle and eventually fail, (probably not for a while though.)
Alts come along without bitcoin's tortured history, but with blockchain's credibility.
Bitcoin's value has always been based in it's utility relative to fiat; which hasn't changed.
It's already a dinosaur, it's just not quite as old and dysfunctional as fiat.
Well said @mattclarke, you hit the nail on the head there - thanks for the input
Excellent article. I hope you caught Dash when it went up. It reduced the fees by 10 times while BTC average fee tripled. All the problems regarding Bitcoin can be attributed to 2 main roots. No governance; thus forking and no self funded treasury;thus outside meddling. Also you can't have AeroSports team like Dash(~~~ embed:903611424068562945) twitter metadata:VGhlRGFzaFJhY2VyKSBvciBTcG9ydHMgdGVhbXMgbGlrZSBQSVZYKGh0dHBzOi8vdHdpdHRlci5jb20vX3Bpdnh8fGh0dHBzOi8vdHdpdHRlci5jb20vVGhlRGFzaFJhY2VyKSBvciBTcG9ydHMgdGVhbXMgbGlrZSBQSVZYKGh0dHBzOi8vdHdpdHRlci5jb20vX3Bpdngvc3RhdHVzLzkwMzYxMTQyNDA2ODU2Mjk0NSl8 ~~~
The Bitcoin community has also become very hostile and toxic. I've seen Dash being very friendly with Bitcoin Cash and I've even written about it. But Bitcoin community acts high and mighty while being technologically inferior. A brand name can only get you so far. Not many bother to think about Yahoo! these days. But it used to be the one who looked down on Google. What we saw with BTC and BCH is something that has been growing under the surface for a while. People are not complete morons. They are more like spineless cowards. When few cracks appear, they panic and go nuts.
Dash has finally woken up with its marketing too. They very accurately call Bitcoin: The Store of Drama. I think the main reason for current BTC price hikes is hype and bankers.
In the long run the coins with governance will do really well. Mainly I'm talking about Dash, PIVX and DPoS like steemit and the to be $100 coin EOS.
These 2 links may provide further insights to the matter:
https://blockchain.info/unconfirmed-transactions
https://fork.lol/pow/hashrate
Another bull run for BCH is definitely coming and you may notice some patterns since Aug 1st.
Disclaimer: I am just a bot trying to be helpful.
Wow, I 100% agree with my friend and on all points. Yes I have been a long term holder of DASH and believed in the project early one, although if I am honest I am becoming rather favourable to PIVX these days. I like their staking system. I made s lot of money out of the madness as I just kept calm and made rational decisions but it became too hot even for me in the end as it was difficult to keep up with the fluctuations. In the end the rational decision was to put all my liquid onto DASH. I wonder if many others came to the same decision and that is why the price rose.
Honestly I have no animosity towards Bitcoin Cash, if it fills a need then so bit it and if Asia love it then why not. Keep politics out of crypto is what I say,
BWT I also love EOS and have invested in it.
Great feedback and info my good fellow, appreciated : )
I'm pretty cool with BCH too: https://steemit.com/bitcoincash/@vimukthi/a-love-letter-from-dash-to-bitcoin-cash-and-roger-ver-my-venture-into-the-crypto-sphere
And I agree that PIVX is getting my attention at some aspects. I don't know how refined their see-saw algorithm for staking and masternode reward split is. But it lacks simplicity of Dash. On the other hand Unlimited Treasury and burning the fees is just pure gold. So the treasury never runs out of money and even get more worth when network is burning enough fees to cause deflation.
From what I see here:https://fork.lol/reward/feepct I see lots of incentive for miners to allow the unconfirmed Tx to skyrocket as they would gain high fees from it. But PIVX method is fair, rational and superior.
Do some digging on NEM. It'll impress you too.
https://forum.nem.io/t/nem-will-surpass-bitcoin-eventually-and-heres-why-and-when/7447
https://nem.io/enterprise/use-cases/
https://nem.io/enterprise/partner-companies/
https://comsa.io/en/
Yes, indeed it was the "simplicity" of DASH that attracted it to me in the beginning. I was actually rather skeptical of PIVX when they split from DASH but gradually began to what they were about - and it was this "fairness" that I liked a lot. For me personally I place high value on "fairness".
Regarding NEM
I have held NeM for a long time just waiting for it to "awaken" - I admit I have not done diligent research on NEM but I did do a quick study of which was obviously enough to impress me enough to buy it.
It is perhaps on time to look into it further - thanks for the link - I will dive straight into it- Cheers much appreciate your valuable input
Glad to help. Happy investing!
"But Bitcoin community acts high and mighty while being technologically inferior. A brand name can only get you so far."
Apple has gotten pretty far with this approach ;)
Joking aside I agree BTC needs to make some changes in it's tech or they will be a footnote in the story of Crypto.
Apple actually had other stuff to sell. Mainly the User Experience was unparalleled.Even when they had lower specs and higher prices, everything went smooth and they had new innovations like siri and a laptop you can carry in an envelop. They had a USP. Apple is becoming stagnant in their innovation and it will hurt them.
Still BTC will be more than a footnote as it began a full blown currency revolution. But it'll be like the Boston tea party. An event that kicked off other events. BTC is already too late to change. For the purpose of Digital-Cash I'm sticking with Dash, NEM, PIVX. I haven't looked too deep but Verge seems like a good pick too.
Any suggestions from you?
Thanks for this article Arthur, an interesting perspective and as you say "Money does not have an opinion either" or as I say money is neutral it is the intention of the person using it that determines the outcome.
I mostly have Bitcoin and have been thinking that maybe I should transfer to some other coins, especially as bitcoin fees are so high, I do feel this is going to put people off if they don't do something about this.
Have you checked out OMG? I love the concept of their wallet, including fiat with crypto all in one wallet, so needed, I'm sure this will be very popular. I have no idea of the technical side but I can see this is much needed.
I'm going to checkout Cobinhood now!
Re IOTA, I notice that it is low on the charts against bitcoin, whilst high against dollars - does this mean it's a good buy if you purchase with bitcoin or not?
Thanks for your posts, as others have said they are so easy to read and understand - most needed! :)
Hi Michelle, thanks for your kind words as usual. I so agree about "intention" regarding money.
Dont worry too much about the price against Bitcoin and dollars. It is early days with IOTA but it is going forward all the time. In the early days of Bitcoin it to time for ti to gain momentum but trust me, interest in IOTA is growing stronger everyday. I have just finished another post telling of their latest achievements. I think when you bought IOTA is it was about $0.38. At the time of writing this it is $0.61. It may fluctuate on Fridays as traders take out their profits but I cant see it going down much at all- It can only rise steadily from here.
Whenever it went below $0.40 I bought more. But now I think I will buy it if it falls below $.055.
I have heard good things about OMG so I think that is a good choice. You are becoming a smart investor : )
Hi Arthur, you're welcome, thanks for all the advice you share with us!
With Bitcoin and IOTA, I don't really understand the charts or exchanges, so my question is if I'm buying IOTA with bitcoin when the chart shows the rate of IOTA as low to bitcoin, am I getting a better deal than if I was buying in pounds?
So in this chart it's around $0.64 but bitcoin amount is showing $0.48 - not sure if I'm reading this right or not!
https://coinmarketcap.com/currencies/iota/
Yes I do agree there comes a point when it's only going to go up with a new coin, if it's good and I'm sure that is true of IOTA. I don't have any funds left to invest, I can only swap from bitcoin, but if bitcoin is high then that's ok as I'm getting more from it!
Great you've heard good about OMG. Thanks, I'm working to learn more! :)
The Cobinhood looks really good I was checking it out last night.
Im not sure exactly how you are reading the charts but either way I would always buy the lower price. Generally it is better to buy in Bitcoin as bitcoin is a deflationary currency whereas the dollar will always go down. But of course Bitcoin can go down but it will always be temporarily. Bitcoin it literally programmed to go up.
I was shocked this morning to see that you wrote the price s was $0.64 ha ha it seems my latest article has pushed the price up. I posted it all over the web last night - I did not expect that as I would have bought more IOTA before I posted it. I was silly there lol
I post a lot on IOTA forums and crypto forums and I am getting a name in the IOTA space for giving solid reliable information. Here the post:
https://steemit.com/cryptocurrency/@arthuradamson/iota-is-a-tortoise-with-rockets-attached
I will be joining Cobinhood myself for sure.
Hmm sounds like I'm not reading them right then! I will have to search out a video on how to read charts and how the exchanges actually work!
Yes I'm sure you have been the reason for many to buy IOTA, perhaps you could let us know before you're going to rave about it and put the price up!!
I guess some will sell so it will come down again a little for us to buy again at a lower price?
Thanks for the link and information videos etc. Interesting new snippits of information, making everything else make more sense!
Is Cobinhood in some testing only phase? I've been on their website and can see that the coin is trading, but can't see how to buy it.
Thanks again for all the information, help and tips! :)
ha ha I will definitely warn before I post next time Michelle lol
I caught myself out this time lol
Had many on the forums thanking me for getting them to hold onto their IOTA - many were just about to sell and the price went up.
Generally Friday is a good day to buy because traders cash out their profits for the weekend. However Bitcoin is expected to have a big rise now - up to at least $10,000 or more so IOTA may go down again. But I would be shocked if it went below $0.55 ever again. IOTA is gathering solid "mature" investors who are in it for the long term so that means there will be good support for resistance.
Yeah Cobinhood is still in beta - I will give a call out when it goes live
Great to hear Arthur!
Now you know the effect you have the market! :)
I will ensure I check rates on Fridays. Actually, I'm pretty impressed because I've set up a spreadsheet of all the coins I have and the high and low rates & what I 1st bought at so I have more of an idea of what is a good price, because figures just fly through my mind and miss my brain!!
Thanks re Cobinhood and for shouting out when it's going to go live. I'll keep an eye out.
My Dear Friend @arthuradamson, very nicely discussed reasons behind recent issue of war between Bitcoin and Bitcoin cash. Nice example of the saying Roman Emperor Markus,;
Same situation is now with Bitcoin and just creating FUD.
But I think always be positive think positive and hope for the best.
Thanks for sharing very well written valuable and helpful informative topic in your blog. I highly appreciate you for your efforts.
Thanks @rabeel and I also appreciate your feed back and support.
We are all in this brave new crypto world together and our aim should be for all of us to succeed and become financially wealthy and healthy. There is enough in this world for everyone, not just the top %1 rich.
fully agreed with your nice words. we always do our best for achieving any goal. Thanks a lot for supporting words.
Wonderful knowledge about crypto currency and good description !
Thanks my good fellow : )
You are welcome
Thank you for well written...concise...clear...non jargon...article...glad you made some money on the chaos...I panicked and bought BCC at a high...but...I won't dump it since I honestly can't say who will survive this battle and wanted to be prepared to own some of the final victor...
As you mention...its a whole new game now...not like it was in past with almost anything you bought was sure to rise...as I wrote in a recent article..."its just not fun anymore"...but...in terms of second jobs...it sure isn't dull!
Thank you for that positve feedback my good fellow - and regarding your points - well said.
I understand your feelings well.
I think both BTC and BCH will find their own place in the market but their dominance will gradually lessen due to the Bitcoin brand being messed around with thus opening the door to other altcoins to get a better foothold. This is only the law of business evolution.
Have hope my friend, I think it is all set to become fun once again.
Buy a set six shooter guns lol
Good to hear from you @bobreedo - I will check put your article too
Appreciate the thoughts...what altcoins are you positioned in?
I am a big believer and investor in IOTA and I think it will be in the top five over the coming year of 2018. This baby is pure dynamite.
EOS is interesting so I have some of that-
I have had DASH for a long time and it has turned out well but I have doubts for its future. Its twin PVX is actually better but DASH has a better ecosystem.
In theory Sia coin should do well and it is cheap right now so have some of that.
I bought zcoin when it was under a dollar, interestingly not as an investment but because I just love the idea behind it - it is utterly untraceable and so could be used for one off transactions of big amounts.
I have my eye on a little known coin called QRL ( I think it is 118 on coinmarketcap)
I have a sneaky feeling this will suddenly pop up on the radar in the next year or so.
Of course we all hope the price of steem will rise. Personally I think they Steemit should introduce staking steem as I feel this would lock steem and thus help with scarcity and thus increase in value quicker. There is not much incentive to hold steem at the moment and it should be at least, I mean at least $2 by now. Something is not working.
Good analysis. I have also noticed all those same coins and invested in some of them.
Thanks much for the insights....
Excellent! Thanks a lot for sharing your thoughts. Interesting and to my another kind of perspective which makes pretty much sense. I will follow your trace getting more inspirations like this one. Upvote & resteem.
Hey appreciate the positive feedback and the resteem
I will be regularly posting about news and insights in this exciting cryptospace
I send good karma back to you @quncho
Thank you so much!
Arthur I have a question that isn't being answered quickly so far in the videos I've watched!
If I want to sell high to buy low and I transfer by bitcoin to an exchange, should I sell to dollars to buy back when it's low or exchange to an alt coin?
I'm not understanding all the fees that are going on, I know I need to learn a lot but wondered if you can advise me on this.
Thanks! :)
Hey Michelle, generally I would say try not to have dollars at all. However if you are not interested in any alt coin and Bitcoin is going down (and the dollar is going up ) - then sell to dollars.
I think I am so long in the game now that I hate having anything in dollars because I know they generally go down against crypto coins.
The thing to think of is the general name of the game is to gain more Bitcoin or other Altcoin that you believe in.
By the way try to keep the bare minimum in your exchange account and make sure you have the 2FA id.
Do not save your password in your browser but write it down and type it in each time.
There are hackers around big time now and weak accounts are being targeted:
Change your email to one that is fairly long with Uppercase, lowercase and numbers with the odd "@" and "%" thrown in at the end. For example M1ch311ec@rt3r+++ (don't use that one lol)
I recently got hacked myself and had to update everything. I lost money but luckily I had sent a lot out already but it is not a nice experience.
I have a friend who is good on security and said the guys that hacked me were pros. He said I was more diligent than most but I was tired and got suckered with a false google page. I didn't check to see if the little lock was there. I mean think about that McAffee fellow, he is generally known to be the best security guy in the world and he lost $50,000 dollars when someone hacked is email. He was tired at the time too. So if it can happen to him ...
That is why security is the biggest issue with Bitcoin today and for tomorrow.
Get a free backup account with protonmail.com that has encryption software. The game is changing. When I started the money was tiny so hackers were not interested but now it as become big. I was foolish and did not update my email passwords to longer and more complex- You are a lovely lady Michelle and I would not wish for you to experience what I had too. I was sick for a day and could not eat. Its not the loss of money its the feeling of invasion of privacy that hurts.
Anyways I don't wish to scare you or put you off but I just wish someone had given me the heads up and reminded me things are changing. Glad it happened now though and not three years down the line when the alt coins are worth a fortune. One doesn't kill us makes us stronger I guess - send me some of your positive energy : )
Thanks Arthur for your in depth reply and information.
I am already with protonmail so that is good, and I have a Mac, so less likely to be hacked?? My passwords probably need strengthening, so thanks for that! & I don't save finance ones in the browser. I didn't realise that email security was that important so thanks for that.
Maybe I should get an email account that I only use for finance and don't give out to friends etc?
Re the exchanging, it's not that I don't want alt coins, it was more if I had a feeling that bitcoin was going to do a dive after going up so was just exchanging out to buy back again. I will use alt coins if I do this though, probably better to keep it all as crypto. I wasn't going to take it out as dollars.
You haven't put me off, it is good to be told about how much security is needed to not be caught out. I'm sorry you were hacked, not nice at all and so much work to resolve it I'm sure.
Thanks for your lovely comment, and sending you lots of Pure and positive energy! :)
ps Thanks for the tip about Friday buying, that is amazing information. I'm going to be checking rates today!
Is this a global thing with all traders? ie is there a time that is better or not?
Thanks for all your tips and support, most appreciated! :)
Sentence of the day The only thing that can destroy Bitcoin is Bitcoin itself
You analysed absolutely right my friend @arthuradamson. My own thoughts are the same on BITCOIN. Nobody can stop it now. Some hurdles and rumors will definitely come in the way but Bitcoin will destroy everything and clear his way.
Thanks a lot for sharing such a useful stuff regarding cryptocurrency which is dire need of everyone now a days. Keep it up & stay blessed!
Thanks for your positive thoughts and input my good friend : )
You're most welcome my friend!
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thanks for the interesting info, makes total sense what you say, the young guys dont fully understand human nature yet! but they will learn quickly!
Agreed, you can no put a young head on old shoulders lol
Thanx for the feedback @claudiaz
I was absolutely shocked when I saw Bitcoin Cash above 2k :o
You were not alone- I was not surprised that is rose but to reach $2000 that was somewhat higher than I anticipated. I sold when it reached $1500. It became a bit too hot for my blood after that ha ha. Get out with secure profits before it crashes is how I play the market. I knew Bitcoin would continue to go down but not much more before it began to rise again.
It seems I got it right this time.
Nicee! Yeah, don't overplay your hand. You did well!
Thanks man. The trick is to not be too greedy - greed is a trap waiting to snap its jaws lol
I always try to get out well before I believe it will fall : ) - of course I got burned many times before I leanrned that ha ha
nice post my frined @arthuradamson
Hey, cheers : ) I aways appreciate positive feedback @alal
Yes, COBINHOOD is the shit, I'm an original investor !!!!
Hey congratulations man, that was a smart move. I missed that one.
If you expect me to be jealous then you are are wrong -(Ok perhaps a little envious lol)
The truth is I am genuinely happy for anyone who makes a good deal in the cryptoSpace--and the reason why is simple. I fking hate the banks and the fiat scam world we live in.
All early folk, such as myself, got into Bitcoin because they wanted a change. They were sick and tired of the corruption of the banks. And so therefore, the bigger the cryptoSpace becomes, the better for all of us in this cryptoworld, right?
So my friend by just being part of the whole revolution and profiting from it makes me genuinely happy for you.
So I say cheers! my good fellow - I raise a glass to you : )
onbaord with you completely,,, I haven't made any $$$ with COB, the platform is not released yet, but FREE trading is a NEW THING to kill the brokerage industry,,,, and us original investers can use margin loans at a 50% of non original investors........ but here is the system that will really kill the banks and ins and brokers, and cops and armies.......
This SHIT has got to GO !!!!
An overview of what is wrong with our current system,
What is a Resource Based Economy
and to the Venus Project
Wow, thanks for those links:
I can see you have a thorough understanding of the situation @i-am-mark
I am now going to have a good sit down and watch all of these
I love expanding my knowledge-
Much appreciated my good fellow : )
@eileenbeach has voted on behalf of @minnowpond.
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To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memoInteresting reflections. For me as a complete noob in the crypto sphere its hard to see thoose trends. Im learning as I go and try to research as much as I can. Seem to be alot of scams around however wish makes it a verry high treshold to get into cryptos. What wallets to trust, what exchanges to trust and so on. You can allmost search on any of the crypto exchanges and find articles about them being scam sites and so on. Even the ones thats being considered reputable has some disconcerning articles about them with people who lost cryptos with them.
Makes it hard to choose what services to actually dare to trust.
And as if that wasnt enough, theres so many scam/pyramid/ponzi like schemes out there in the cryptosphere, wich really hurts the ”brand”. People falling into thoose traps will most likely get a verry bad first experience and maybe never return.
Thanks for your thoughts @bitcoinpeoms
Indeed, I sympathise with newbies coming into the space.
Like I said, it is the wild west out there and just as in the old wild west days of america, there are real dangers. Outlaws, snake oil salesmen and indians that want to take your scalp.
When I started I also got burned a few times. However, in those days the price of cryptocoins were very cheap and so if I lost money it was no so painful. So I guess learned from my mistakes without losing my shirt. Nowadays, however it is a different ball game altogether, and prices are serious money. Make a mistake now and you can lose a fortune.
I am an artist by profession but I love technology and I got into cryptocurrency simply because it was interesting to me. And I hate the banks lol. I knew the prices would rise but did not think it would explode as fast as it did. I dont deny that I have made a serious amount of money because of it and I also know that this is just the beginning. The Cryptomarket is set to explode in 2018 and I want to be around for the journey:
I realised that there are many here on Steemit that follow my blog for art reasons but are also interested in Crypto coins, probably because Steem is their first contact with cryptocurrency - and so I started blogging in a way that I hope can help non-technical and newbies can understand and learn from my experience.
There is no reason why we cant all benefit from the coming crypto boom.
Any recommendations for a complete noob? As I see it the key is to not think to much in $ but rather in the accumulation in total coins especially when it comes to accumulating for example bitcoins. One thing ive considered is what type of formula one would think in when converting cryptos to other cryptos to see what you end up in total bitcoin in the end. But I dont seem to be able to calculate that for example. Im sorry if I pose this question strangely due to my lack of understanding. Any advice is welcome. My interest is in Holding but also some daytrading.
IOTA is a solid investment for the future - When I first read about Bitcoin in 2012 I became so excited and knocked over the dining table and the wine went everywhere. The technology made perfect sense to me and I immediately wanted to be part of the revolution. Everyone I knew, and I mean everyone, laughed at me. They dont laugh anymore. When I read about IOTA, I got that same reaction. This time I read about IOTA one year before they were even released. There is no doubt in my mind that IOTA is the BItcoin of tomorrow and the price will rise substantially in 2018. Probably to about $4-$6 dollars. I have invested heavily in IOTA and bought it at $0.32. It has recently risen to $0.60 and I would be surprised if it goes lower. It may fluctuate between this price to $0.58 as traders take out their profits but honestly expect it to gradually go up from here. Interest in IOTA is enormous and growing.
There is some good news coming out for IOTA (of which I will be doing a post on very soon) this news will further boost the price. DASH is a safe bet but you have missed the boat a little on there. You could not do wrong by buying hash power from the new round of Genesis mining contracts on offer. After 3 months you would have earned back your investment and after that it would pay you out Bitcoin for life.
Welcome on board the crypto train my good fellow : )
Thank you so much for your reply and insights @arthuradamson do you have any recommendations when it comes to any supposedly safe exchange to use? Do please let me know if I breach any kind of ethiquette rules here on Steemit with my questions. I dont really know what is ok questions to ask and such.
"You could not do wrong by buying hash power from the new round of Genesis mining contracts on offer. After 3 months you would have earned back your investment and after that it would pay you out Bitcoin for life."
Only ones they are offering right now is , 2 Years Ethereum, Monero 2 Year contract, and Zcash 2 Year contract unless I'm missing something.
Have looked at genesis a couple times and they are always sold out for BTC when I look. Think it would be worth doing otherwise. Then again I might just buy the equipment and do it myself. Not a fan of middlemen and trusting they will actually keep paying.
I understand you.
Genesis mining had litereally just offered new Bitcoin lifetime mining contracts but they will sell out fast. I bought a small one which will pay me about 0.3 Bitcoin a year for life. That cost me $400.
I am looking into the Bitcoin Gold mining situation at the moment.
People say it will be a failed coin but when I hear such things as that then it always gets my attention. I tend to do the opposite of what the crowd says.
Always good to hear from you @thedarkhorse
I'm also thinking Gold could be a promising coin as it's being bashed. Talked with my wife about putting in a mining rack in the basement. Stays cool year round down there and it's only storage, just would need to sound proof so the sound doesn't come upstairs.
@arthuradamson see reply before this. Still learning how steemit works :/
Great news
My Dear Friend @arthuradamson, very nicely discussed reasons behind recent issue of war between Bitcoin and Bitcoin cash. Nice example of the saying Roman Emperor Markus,;
Same situation is now with Bitcoin and just creating FUD.
But I think always be positive think positive and hope for the best.
Thanks for sharing very well written valuable and helpful informative topic in your blog. I highly appreciate you for your efforts.
Good post.
Visit CoinCheckup.com | SteemIT - Daily Technical Analysis
About 100,000 Petcone conversions have been stopped and are not being delivered to their owners due to lack of confirmation of Block. This is due to the fact that the two minerals go to the currency of the coal mine, which is characterized by faster mining and more profits. This caused a sharp drop in protein to $ 5,700. With the descent of the rest of the coins this is normal just wait some time with the activation of the first confirmation block will witness a rise and correction. Especially that the market has been experiencing unrest for some time with the hope of stability for the period and correct prices
100% agree : ) thanks for the input and information
Great analysis Sometimes I laugh at those who talk about decentralizing money from central banks, if large groups of investors play at destabilization to gain exaggerated profits through speculation. I think that was not the idea when the cryptocurrency were created. Thanks for sharing.
I was so shocked when I saw the price of Bcash rise up like a rocket. I wish I had bought some of it before the boom.
Hi Arthur! Im quite sure it's "Fibonacci" ..btw, a bit off-topic but since i'm here..do you use a wallet for IOTA? Can you suggest one? I don't like keeping them in bitfinex ..
I am sure you are right - I have severe dyslexia - Get your IOTA off Bitfinex ASAP - you can get the latest IOTA wallet here: https://github.com/iotaledger/wallet/releases
Thank you SO MUCH for the tip my friend! Im sorry i didn't want to be critical for nothing, It was just a small note :-) My wife has dyslexia too.. She suffered the hell at school due to the fact that it wasn't recognised and she was considered just stupid when she's not at all. Now she's a educational psychologist and a big supporter of inclusion and diversity of scholastic curricola (one size doesn't fit all).
No offence taken my good fellow : )
I had a similar school background to your good lady so I am always happy to hear when someone with dyslexia does well and defies their disability. Please pass on my congratulations to her : )
Amen @f3nix. One size fits all BS is the reason I dropped out of highschool. I was forced into subjects that I weren't good at and I lost marks because the answers I gained with few lines were supposed take an entire page or something.
I was told that I should adapt to the average-standard-student levels and do the math as everyone does it. At one point I had had enough and intentionally slept through exams just to get an F. (At one time I was afraid I answered too much and wouldn't get an F)
Maybe you are just too clever/different to fit the standardized parameters of the scholastic system, whose aim is mainly to produce standardized, obeying men and women without a trace of capability of autonomous thinking. In general (with some few exceptions), I believe that the school is the first institution where we start loosing our original nature of free and powerful beings.
My first hand experience is that what you are talking about is 100% correct. I've seen so much inspiration just dry out in school. I've had many friends who just decided to grow up: AKA fit in and get a job.
Most people don't have the stamina and tenacity to stand their ground. They just stop believing in themselves and settle for something easy.
The media goes around glamorizing the ordinary and the flawed and kills off the inspiration. I've written about postmodernism here: https://steemit.com/philosophy/@vimukthi/deconstructing-postmodernism
My problem is the resistance toward the greatness and perfection. The latest Spiderman movie was turned into total garbage. The original trilogy had real heroism with MJ vs the children from first one, train stop from the second and the last 30-ish minutes from the 3rd movie. One of my all time favorite heroic moments was the ending of Amazing Spiderman. It really sold everything Spidey is. It's what I think about when I want to define spidrman.
The villain from the beginning comes stronger and after suffering great personal loss and a city without spiderman, a kid walks upto fight the baddie and Spidey comes at last with his wit and talent and keep up the good fight. It was more than a highschooler with super powers. It was maturity, responsibility and standing up for what's right without grimness or malice.
Not some highschooler with problems but a great young kid worth looking upto. Our generation has forgotten to look up both figuratively and literally. I mean when is the last time we heard about going to space and when is the last time you heard creating a safe space?
I'm trying to understand your quoted article....