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Everything posted by Sapdrx
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I plan to convert my Bitcoin to Dash on Yobit. What do you think?
Sapdrx replied to Brushless4500KV's topic in Trading
I would recommend you maybe wait. Bitcoin is recovering slowly today so you might get more Dash if Dash follows Bitcoin with a delay. But I am not an advisor so just do your own analysis. -
I use coinbase to get the latest actual news on specific coins. For other cryptonews I keep an eye on cryptotalk and the newspapers in my country.
- 142 replies
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- cryptocurrency
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Back in the days I played some dice with over 8 mln satochi as it was only a few cents at the time and lost. Had I kept the satochi then i would have been extremely happy today.
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I think you're right. Although prices dropped significantly we are still not in a bearisch trend. Today the market jumped up again after days of decline. Let's hope we can pick up the bulls again.
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I would recommend to have a look at the analytics before selling. e are not in a bear market although some might say that. The long term perspective is still bullish.
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For me earning with Bitcoin and other altcoins is like a dream come true. No way I would have earned that much with investing in stocks or bonds.
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What to do if a coin accidentally reaches your wallet?
Sapdrx replied to Crypto123's topic in Crypto World
Most probable is that I would not recognise this as extraordinary because I receive airdrops all the time. Somethings it takes more than 6 months before I receive them. Many times I already forgot that I participated in the AirDrop. -
KYC is also very useful in case you lose your passwords or passphrase. When your account is connected to your id it gives an extra access method in case of emergency.
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At the same time some governments are embracing crypto(Senegal, Abu Dhabi, Slovenia etc) so crypto is here to stay and as you can see on Coinmarketcap the total invested amount is growing.
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Cryptocurrency Transaction Speed, How Fast is Bitcoin?
Sapdrx replied to aneukkameung's topic in Crypto World
Bitcoin is currently limited in terms of the number of transactions that can be processed per second. With the planned upgrades to the lightning network this should however improve. Faster quantum computers will also support the speed of transactions. -
I see more and more job postings but they are mainly technical. Programmers and technicians are looked for but other types of jobs like strategists marketeers etc are still limited with blockchain companies.
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What do you know about TON (Telegram Coin) ?
Sapdrx replied to LokiApeka's topic in Coins / Tokens Talk
These are a few things I know: - it’s Russian - it has high potential because of the large number of Telegram users - its a direct competitor with Libra - it has a strong development team -
I’m a fan of Coinbase as it is trusted, reliable, offers an increasing number of tradeable coins and has mobile apps ready. It’s not the cheapest but it’s very safe.
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Proof of stake can be interesting but you should be aware that POS in most cases is a reward for inflation, meaning the price can go down because more coins are being generated meaning the price per coin becomes less.
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I think that especially privacy and the fact that crypto is global are both good and bad. Privacy makes people avoid tax and pay illegal stuff easier. Globalisation means money can flow freely over the world. It also means that countries in need of money may see money disappear from the radar.
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Other influential factors that can be added to your list are: (Social) media whales (large investors) miners trade
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So here’s what I do to prevent buying to expensive. I just regularly buy a low amount and by this keeping my avaeage buy amount low. I’m therefore not looking for the bottom price.
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Mining in your house can be profitable if energy is cheap and you are able to use the heat for warming or cooling your home.
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Cloudmining can indeed be an option but be aware of scam sites. The only trusted one I found so far is Genesis mining.
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By participating in a mining pool you spread the risk of failing equipment together. It means also that it is much easier to mine in a country with low electricity fees optimising the return.
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As long as mining rewards are higher than the generation costs I think that Bitcoin will remain. After that, when all coins are mined nobody knows what will happen.
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I think crypto can only be for all if everyone on the planet has access to internet services and people are literate. So far millions of people cannot use crypto due to this.
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Coinbase doesn’t offer it’s card in my country. In my country creditcards are not used much in general. I guess they roll out cards per country.
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Depending on what is going to happen worldwide I think Bitcoin is moving ahead and will triple in value toward the end of 2020. Right now things are not looking good but let's focus on the long term trends.