arnosk

I would consider this as a lesson and keep on trading with crypto currencies. And I wouldn’t have that much coins in one wallet. I would split it up, so that the damage will be smaller in case I am stupid enough to do it again.

I prefer to buy crypto. Because I am more investing in crypto’s. In other words I am hodling. The point is if I sell now and tomorrow the price rises again I miss some profit. And I don’t need the money. I do it for fun.

1. ETH, LTC, XMR, Doge, RDD, STRAT2. Just to spread my investments, and with Reddcoin and Stratis to stake the coins to get some interest3. No not all. I just hold them, and haven’t looked at it for a long time4. Altcoins didn’t change my life5. Altcoins have some extra features that bitcoin has not. But bitcoin stay for the time being. It is hard to say when a new crypto will replace bitcoin. The transaction time and fees of bitcoin are a serious problem in my opinion.

If you store your coins in a hot wallet on your computer, always check if the program you have downloaded is the original one and not a fake/hacked version. Always check the hash of the software before installing. Otherwise you have the change your credentials to be stolen.

Crypto and fiat will both be present. But fiat will be replaced by the crypto currency which is issued and developed by the central banks. In this way the banks still have control over the financial system. With other crypto’s they don’t and that could be a reason to make them illegal.

I was attracted by bitcoin because it just might replace the dollar or euro. And eventually cut out the banks. Who are earning a lot of money from our money.

Bitcoin and maybe other crypto’s will be more accepted in the future. Only in the beginning the retailers will transfer the payments immediately back to fiat, in that way they don’t own bitcoin the self but they only provide an alternative payment option.

Yobit exchange is an exchange with one of the most crypto currencies. But that is not the major characteristic to come and stay in the top 10. The total volume of the important coins is more important. And Yobit is far behind

When I am trading I think that if I wait too long I will miss out of the current oppertunity. And then I want to buy now. Unfortunately this has always turned out to be wrong. The next day the price has fallen a little bittle and I could have buy cheaper. I think I will never learn it...

There are so many crypto coins created, most of them are just scam, or end up dead. But there are some projects with new innovations for the blockchain, with new ideas. Also the currents coins have some flaws, which new coins don't have. On the other side the current crypto's are also being further developed. It is hard to say if there will be a new crypto which will end up in the top10, and stay there.

I honestly don't remember why I was buying bitcoins several year ago. Maybe it was because there was news about people getting high profits because the price has risen so much. But now I am more interested in the technology behind the crypto currencies. How does the blockchain work, how to make applications on the blockchain and things like that.

I had some coins on cryptopia, the exchange in New Zealand. Luckily it was not a big amount, had some bitcoin on it to buy other coins. Which now turned out to be sh**coins. Bad Luck for me. But maybe I will get something back, because the process of liquiditation is still ongoing.

I find it interesting to invest in totally new coins, which will be better then other coins. Constantly there are new ideas and coins being developed which tackle the most issues the current coins are experiencing. Like very fast transaction speeds, low fees for these transactions, both private and public transactions, encrypted messaging, decentralized exchange and marketplace, smart contracts,

There are two different parts for a study on crypto. Frist is the cryptography the theory behind the crypto blockchain and to make everything secure. That is more part of the study mathematics. And Second the programming of the blockchain and the programming of applications on the blockchain. I think if Artificial Intelligence is a university degree, crypto can also be a university degree

Suppose you have a large amount of bitcoin, would you hold it in one wallet or should you divide it to multiple wallets? What is wise to do if you don't want any attraction? With big companies buying now large amount of bitcoins how are they doing this?