williamz902

Yes, that's true also. I think doing something that you like will help with persistence. But by persistence, I mean if you lose money, don't give up. Keep learning, keep trying.

Yes, I don't expect a lot from Doge, because its got one of the biggest circulating supplies of all the coins. I don't really check the dollar price, I mainly analyze against the bitcoin price. Maybe that's because my goal is to get more BTC without worrying about the dollar price.

Yes, I can understand that this would be very annoying. That's also why I prefer to manually control my trades and not rely on a computer to do it for me. This is also why I think longer term trading is better than day trading.

I would say patience and persistence, in that order. I think the two are probably closely linked anyway. You can definitely make profit even if you are not passionate about it. In fact, passion may hinder your trades, especially if you are so passionate that you are trading with emotion.

I haven't actually bought anything with BTC, but I imagine that's it must be a cool feeling when you pay for something with it. In the future when I have more of it, I will definitely find places to spend it.

Wow, that is a lot of money! I wish I could see that amount in my cold wallet. But then again, that's not all their money. Probably most of it belongs to their users. Imagine if that exchange disappears suddenly! Lots of people will be crying.

Thank you for clarifying. I was about to ask if Amazon's acceptance of crypto was regional, because the Amazon that I visit doesn't accept. This is actually quite a good extension then. I wasn't aware of it. Really good innovation. I hope many more people create solutions like this to make crypto more widely accepted.

There are quite a few on that list which show potential for the near future. Coins like Zcash (ZEC), Monero (XMR), Litecoin (LTC), and perhaps Doge might also make it to the list, though that can be argued depending on your views.

I'm also interested in such a list if anyone can provide some handles. I'm particularly in watching professional Bitcoin traders. I think I'm going to head on over to twitter and see if I can find anything.

I must admit that I never expected these tightly controlled Asian countries to lead the way in blockchain innovation and development, and embrace it the way they have. I think most of us thought the United States would be the first - since they are the first in many things.

I get that this is geared to newbies, but I usually disagree with this one. At the moment, I have all my holdings on an Exchange, because I might need to sell them at a moments notice. And I keep all my bitcoin on an exchange, because I will often discover a new coin that I want to buy, or perhaps the price of something will drop and I will want to buy more. One day when I have spare funds that I'm not using, I will send them to a cold wallet, but for now, I need all my money close at hand. But I do make sure I only store them on an exchange that has a good reputation and which I trust.

At one time I had a website which was accepting bitcoin as a form of payment. However, I later closed the site down because I didn't have time for it. I still prefer to get paid in US dollars, since that's still one of the leading currencies in the world, but I will certainly never say no to a bitcoin payment.

I think this is where managing risk and trying to reduce losses is important when you make a mistake. Someone once said that as long as your wins are big and your losses are small, and your wins outweigh your losses, you are generally on the right track. This basically means that your frequent, big wins can easily cancel out small, rare losses.

While I personally prefer Stellar Lumens, I feel like Ripple probably has a brighter future, because of it's associated with banks and other institutions. From what I know, Stellar is a hard fork of Ripple, so they are basically the same. Stellar has a partnership with IBM, but I think Ripple's price is always going to be a bit higher than Stellar. Still, I think both of them have a bright future, perhaps Ripple's will just be a bit brighter.

If you are wanting a proper stable coin, you should rather try USDT (Tether). Though you can't really make much profit from it, it's a good coin for shorting and converting to when BTC price is going down.

Most exchanges support dash - so technically there is nothing stopping people from converting their BTC to Dash and sending it to another exchange, then converting it back to BTC afterwards. I think most exchanges also offer lower withdrawal fees on Dash. Personally I prefer Digibyte for moving BTC from exchange to exchange. I find the fees are really low and the speed if relatively fast.

Most people generally agree that all the major altcoins will be facing a bull run during different times in 2020. Some of the coins have already started their slow, upward trend. Now would be a good time to buy - although a few days ago was better because most of them had hit rock bottom when bitcoin crashed.

I don't think crypto will ever replace fiats in the future. At best, I think they might be adopted as a means of payment along side each other - just like you can pay with cash or by card, crypto will be the third option.

A little while ago I actually did want to create my own crypto - but I realized that it's very hard to get mass adoption and acceptance for a new project. In any case, there are such great options out there, that I could make games and websites which use the existing cryptos without the need to create my own.

This is possibly the best advice that I've seen regarding handing your crypto over when you die. I don't believe in sharing your passwords or private keys with other people while you are alive, but you never know who you can trust (your wife might divorce you and take all your money and all your crypto!)

I don't really get what you are trying to say. But if you are asking how, then start by buying some crypto with your card and then get trading. You can read books, you can search for information on Google, you can watch videos on Youtube. There are lots of resources and information on the internet.

A big congratulations to all the winners. They must be so happy. I recognize some of the names. Well done you guys. You have all definitely worked really hard to win this prize. Will there be more of these competitions in the future?

I've been wondering about this for a long time. Do people (you guys) buy crypto as a Christmas gift for friends or family, or would you ever consider it as a gift? Have you ever had a friend or family member ask for this as a gift for their birthday or for Christmas and do you think many people give crypto as a gift?

I think a more general rule that applies and covers this is: don't trade with your emotions. Emotions range from fear, to FOMO, to greed, to anxiousness, to rushing, to panicking. All of these will make you stumble every time.

I haven't checked the space usage by the BTC blockchain for quite a while now, but I can imagine that 400GB by now is correct. Running a full node is also annoying because you literally have to update it everyday. If you don't you will spend hours waiting for the past week or past months transactions to update. And you can't use it until the sync is finished. It really is cumbersome.