williamz902

How would Crypto insurance work? First of all, someone would need to prove that they own crypto - and then they would need to continue to prove that they haven't spend it / lost it in trading in order to claim in the event of loss due to theft or computer crash?

This is really interesting. I've always wondered who it was. I wonder if he will reveal his true identity one day? Or maybe if someone else who knows him will reveal his identity. I also wonder why he wants to keep it a secret? I also wonder how many bitcoins he has, or if he maybe also sold them years ago.

Thank you. I have been trading on an off since about 2016. I am not a day trader. I like margin trading (shorting) when prices are dropping - like they have been this year), and I like to get lots of different coins and just hold them until the prices are high. The markets have been going down for the last year - we are now in the turning point - so I'm actively stocking up again. I can tell you that there are going to be a lot of bull runs through the year next year, and a lot of shorting opportunities thereafter.

Yes, you can experience profound wealth if you know what you are doing. Most people don't know what they are doing and end up losing most of their funds. Most bitcoin millionaires are only millionaires because of trading - they started off with a small amount and have gradually made profit after profit. BUT: you have to know what you are doing, and become a professional trader.

I think they are having problems with their API. I also see on WorldCoinIndex that some of the prices for their coins are wrong - meaning the API is not properly reporting their statistics to these various websites. I'm personally getting a bit worried about Yobit, there are so many strange things going on at that exchange.

Most of the users of CryptoTalk already had Yobit accounts - that's how they came to find out about CryptoTalk. Why would you want to register another account? I've had my account for years, haven't used the registration button since then, so I wouldn't know about the registration being off. Please beware of creating multiple accounts - they may ban all your accounts and you will loose your balance!

Seems like it's really profitable to start up and exchange now days. Although I think trust is a big issue for new users, since people generally only trust exchanges that have been around for a long time. The nature of Crypto demands trust - because once you lose your money, you can never get it back.

I think Litecoin was created to address some of the issues that Bitcoin faces. Actually if you want a convenient way of payment, then Stellar Lumens and Ripple are even better. Stellar boasts that it takes about 3 seconds for a payment to be confirmed and costs about 1cent per transaction. In anycase, I think Litecoin is going to be around for a few years. It's price will probably gradually rise during those years. It's a well known coin, I don't think you can go wrong with it.

I would actually like to know how much BTC has been lost - I have also heard many cases about people who have lost the private keys to their wallets - meaning it's been lost forever. Computer crashes, hacking, lost keys and generally people who have forgotten that they had bitcoin from way back when - There can't be very much left to be honest. Although it still exists in the blockchain, it can never be recovered.

It might have the power to reduce poverty, but I don't think it will. Your quote:, the poor get poorer, and the rich get richer applies to Crypto also. It seems like there are a lot of people who have been investing and trading crypto and they just keep getting richer and richer, while others continue to loose vast sums of money to crypto trading...

This is certainly interesting. I really don't anticipate that it will fall that low, however. That seems a bit too low. At some stage people will stop selling at a loss and the price will not drop any further. I predict 5,500 at the worst, I don't think it will go lower than that. Starting to think it might only drop to 6 actually.

This would mainly apply to ICO and IEO coins. I usually don't go near a coin that's not good good volume, and has been around for a long time. Also it must be listed on a few of the major exchanges.

At this stage, anything is possible. You might find that a different coin comes along that serves everyday transactions better and the world decides to adopt it rather. It's in essence a silly question, because no one can see into the future.

It's very rare that you will be able to buy into a coin at it's lowest price, and sell at it's highest price. Sometimes you just have to buy in when the price is low enough and not wait for it to drop lower. If it does drop lower you can always buy more. Likewise, you also don't have to sell at the highest price - sometimes you just need to get out when the price is high enough - because at the end of the day, anything can happen, and making 70% profit rather than 75% is better than missing the target altogether.

When you look at historical graphs for most coins - you will see that when the price crashes, it usually doesn't go as low as the previous crash. So over years, the coin is generally climbing. So for example, it will climb by 200% and then drop by 90% - then climb again by 200% and drop again by 90% - these averages ensure that the price is generally climbing even though crashes. So I agree, you probably will never have the chance to buy bitcoin at this price again. Perhaps the next crash will only go as low as 12k.

Was a bit shocked to wake up this morning and see this post. Went over to check and sure enough, the price has dropped drastically - practically overnight. It's just going to keep getting lower I guess... Most people think it will drop to 5,000.

Lol! Silly girl... If that was me, I would have kicked myself for years afterward. But I guess we all still weren't sure where bitcoin was headed. In any case, this also remind me of the pizza story. The guy who paid 10,000 bitcoins way back then for two pizzas. At the time 10k bitcoin was worth about $41 dollars. Bet he often thinks about that mistake when he see's the price of bitcoin today!

I don't have a lot of assets at the moment, so I generally keep them on exchanges so that I can trade with them easily. When I start to accumulate a lot more, I will move some of the funds I'm not using to an offline wallet for safety. Will make sure I backup the keys in several places.

I tried mining Monero and Litecoin with my i7 computer. It really wasn't worth it. I was making about 1 cent per month - meaning you will only get about $3.65 per year. There are faucets that pay out more than that, so really I wouldn't bother. But try Monero or Litecoin if you insist. There mining pools where a whole bunch of computers work together and then they share the profits that are made. It's unlikely that you will ever get rewarded if you go at it alone.

I know that there is a relationship between bitcoin and other altcoins, though I don't think they have conclusively proved exactly what effect BTC has on the other Altcoins. Some say a rise in BTC causes a fall in Altcoins, while others argue that a rise in BTC also causes altcoin prices to rise with it.

I think I would use most of it to buy a lot of altcoins and hold onto them in anticipation of the next bull run. It would be my goal to at least double it to 2btc within a year. I definitely wouldn't cash it out to spend.

This is an interesting observation. I've never known about this relationship between bitcoin and conventional markets. I will definitely be paying attention to this in the future and doing some more research into it.

Well obviously we all know that you can loose all your money through trading. Or you could buy into a coin that declines and eventually becomes a shitcoin. Besides that there is hacking, sending to the wrong address, etc.

I think maybe the search bar is looking for tags in the post. Perhaps we should all be including tags whenever of post a new topic. Maybe admin can shed some light on how the search bar works and possibly make it more comprehensive?

I also keep some of these faucets open and just click them whenever, I have a bit of time. My work is on the computer anyway - so it's not like it takes up a lot of my time. I've generally made some decent earnings with some of them over the last few years.