febriyana

My biggest loss is when i started learning about Bitcoin around 2013.

i have around 1 BTC, on that time only small information about Bitcoin. 

There is still small people know it and don't want trade with me.

Some bitcoin i giveaway and then some go to an exchange and just sell it where i don't care the price. So i get some buck, with that i can survive 1 month without salary. But if we see now the price is crazy, maybe if i sell now i can buy some cars or maybe small house. lol

With your statement, i think like not possible. Because we don't know the real cheap price.

Yes maybe you can look on data coinmarketcap then choose yearly and you see today price is cheapest.

But there is still chance price will going down, because basicly people "panic sell" and price going down uncontrolled.

If you buy now with cheap price, that is no guarantee tomorrow will going up.

maybe need a month or yearly again to price going up like your start price.

I just recommended buy coin you confident will going up soon, you can research first then dedicade to buy or not. choose coin with high volume, because that market really fast to make the price going up or down. so you can take trading in short time.

Gold and Bitcoin is different.

Gold have physical, but not with Bitcoin. But they same can store value.

I prefer use Bitcoin to diversify my income and investment. Because Bitcoin is decentralized and i don't pay taxes if have it. Maybe the problem in the future is Bitcoin will still trusted and internet still online? Because if Bitcoin not trusted again, it will drop by value and without internet it is useless.

On 9/28/2019 at 10:12 PM, 1millionClub said:

There are so many of them. Does anyone even remember feathercoin, peercoin, namecoin? All of them are dead. There are hundreds of them. The ICO era started in 2017 made it even worse. Now there are thousands of them.

I think that coin still exist. But going to nowhere because we don't look any progression in their project. What i see they are a pioneer, where namecoin have ability create merged mining, peercoin with POS and POW mining, feathercoin with open source project ATM and Point of Sales. Overall that coin is used for some developer, because that coin is seem dead.

Yes around 2017, many ICO created, where many project supported but going to unknown or scam. ICO until now going worse than before.

Starting mining with free is like bull$hit.

Do you know how much price to buy that hardware to mining? That is around $500 atleast. That is not included cost electricity, maintenance, employee, website, place, etc.

So what reason to giveaway free mining power to people want sign up. Then running cloud mining for free. That is no sense. I only know that is ponzi scheme and after you deposit to them, your money will dissapear.

That is good idea, i never think like that.

But the problem in my country is Cryptocurrency is in gray area, people scary to implemented cryptocurrency in their life. That is good if can used in dental treatment, so we don't need bring banknote and that is more hygienic.

In my country currently only used in online shop and digital goods. That is also need cryptocurrency like Bitcoin exchanged first to fiat. That is uncomfortable, but i will still use my cryptocurrency whatever the rules.

Thank you for your information. I sometimes using Telegram. But currently no group of exchanges in my account.

I ever see got message from fake Primedice, they claim i get bonus but need deposit first. What i know Primedice is only giving Bonus by email.

So i just open the link they give, if we look the site is like same, but the reality is fake! so i just type random word in username and password, then they redirect to original site. If i not detail see the url maybe my Primedice account stealed. Hehehe... just beware with fake email, telegram, and anything. 

The price of Dogecoin now around 30 satoshi per Doge. If we look yearly price always going up. That is good investment i think. But don't too much confident in Dogecoin, because that coin don't have limited supply, people can mine it and that is unlimited Doge.

In trading Dogecoin have big volume, but really hard to trade because too much doge in trading and they war to gain profit 1 satoshi. That is small margin but if we multiply it with total doge we trade that is massive profit.

There is some advantage in every mining method.

Currently some my mining is using POS method, that is simple i just hold my coin and my coin like going call their friend to come. But what i don't like some coin is using fixed reward, that is maybe hard to match their price with their reward.

POW i see have advantage in the reward, i use pool, sometimes we get big reward, sometimes not. The problem is need so many cost in hardware. Now i just hold my coin what i get from POW. My coin get from POS is going to cover cost from POW.

I will never leave cryptocurrency because the price going dump. But i prefer hold my cryptocurrency because i see benefit from it if we compare it with fiat or online payment. First i see, it is decentralized and don't need document verification. That is important for me, so government don't need to always check our personal data about our financial. I believe the future of cryptocurrency is bright, because now some people who don't know about crypto going to enter use it.

Maybe in the next 10 years, price will going up because some adoption from company and person.

Before Shapeshift introduce using KYC, i always exchange my coin to them. Because i need instant exchange, i prefer not create account that time. 

But now i think shapeshift is really complicated and need use KYC. If they need KYC what different with traditional exchanges. I prefer going to Binance, because i can save my coin from big fees. Yes shapeshift also taking big fees, that is make bad experience to me.

For instant exchanges like shapeshift i prefer using flyp me. That is no need account at all and instant no KYC. Shapeshift must trying to evaluate their system to get back their customer.

I never use them, because i don't want get my phone in the problem. I see that "mining" apk is not using CPU at all, but only running node to help blockchain keep active. That is nice idea, but i worry they can gather personal data from our phone. I prefer mining with GPU or Antminer (ASIC) that is not taking our personal information. Also one problem if we use many apk in our phone, that is make our battery lifespan decreased. Because we draining battery with apk online everytime.

I think hard to think cryptocurrency replace fiat. Because cryptocurrency now is still based fiat. If crypto replace fiat, so how to calculate the price, also every transaction need 1 confirmation and taking fees! The big problem, yes it is need internet to pay, that is not comfortable. 

But anything can happen in the future, also fiat can not trusted again, for example in Venezuela, they don't believe their currency. Trust in fiat can decreased because inflation going up too high. So i think no any currency is safe. 

High risk high reward, some people still use this message until now.

I think why must doing high risk if we can minimize risk in trading?

When i trading also setting how much profit and lose i can afford. Research coin before we trading also important. But for the result maybe is not like we expected, some people will greedy on that, also me sometimes greedy.

Greedy can kill our profit, so keep control it.

I prefer buy Bitcoin to diversify my investment. There is some benefit i see on Bitcoin. For example it is decentralized and limited supply. Yes we must don't bet our life on Bitcoin, because Bitcoin is really high speculation. Maybe you all think Bitcoin is the future, but in my opinion Bitcoin already in peak of future. I also don't see big good movement in Bitcoin.

But today is opportunity to get as much Bitcoin for holding, i see many way to get it. Old times, Bitcoin can only found in mining process, but today you can also get it for free.

In my first time know about Bitcoin, i find an online wallet in internet. So i just get online wallet to save my Bitcoin. Then i create wallet and address to deposit.

I know the copy paste address is same with deposit address on the site. They claim deposit credited after 1 confirmations. So i just send my fund from exchanges to that online wallet.

Viola! Not credited for 48 hours! contact the customer service no answer, also in history deposit no any history. lol.

I think in exchanges is problem but not. That online wallet is main problem.

I just scammed from that site, the amount is small that time, but now i think i can buy atleast 1 car lol.

But what make me surprise is their site is still online until now! and they still have same service as online wallet 😲

I just think the halving is don't have too much effect for miner. The halving will make Bitcoin reward decreased 50%. So basicly the miner need atleast 2 times price to cover the cost. Maybe you can say don't negative, yes right that is a reason why i still mining it and hold it, because i believe someday Bitcoin will have golden time again, the prices also going up and used in many sector.

But if the prices is still same or going down, i don't know is it still worth to hodl Bitcoin. Let's look later.

I am using app called "coinstats"

That app is really amazing, i can monitor anything on that app, like marketcap, volume, graph, price. Also we can create our portfolio manual or integrated with exchanges. That is save my time to see what happen in my portfolio. We can also share our portfolio with link.

I more love is they have a calculator coin, so we can compare the price every coin we need. That is only some feature, they give us many feature to help maximize our profit.

I ever use coinpayment as payment provider. If i buy from someone in online store, i can buy it with cryptocurrency, not only Bitcoin, altcoin also can used.

That is flexible i really love the idea coinpayment.

But for wallet... i don't think can use it.

Here some reason why i don't want use it as wallet. First their security is really low i think if we compared with other wallet and second is their fees is high. For me who always transfer cryptocurrency, that is really annoying.

Yes, that is possible make cryptocurrency as salary. I make side income from freelance, they could provide payment with Bitcoin. For me that is good options beside i get Paypal. Because paypal taking so much fees and hard to scale up. But please be careful to choose what cryptocurrency you choose as salary, because not all coin is good.

I currently choose Bitcoin, Dogecoin and Litecoin as payment. Because that coin already have exchanger everywhere and old coin where have good project.

In my opinion Bitcoin will growth fast in Japan. Because that country have high end tech research. They will dominate adoption for Bitcoin. In their country already have some BTM installed and used, also in store they accept Bitcoin.

Some company also active to use Bitcoin as alternative payment.

In US too many regulation, that is hard to Bitcoin growing there. In China also banned Bitcoin, they prefer make it their blockchain and coin, for example NEO.

China already known to copy anything so they will also copy Bitcoin lol.

But not only that country, i believe developing country also support to growing Bitcoin, especially country have high inflation, on there money hard to used.

Yepp i think Bitcoin now like bubble.

But for me i believe in Bitcoin is a new way to make crypto as currency in the future. If we see the price is really bleeding now, but when going up can like crazy also. I think that is normal, because who trading in Bitcoin also altcoin is real person, who need find a way to making profit from Bitcoin, where the price can't controlled by government.

If we stocks that is also bubble, but they controlled by government, so when the price going upnormal, the exchanges will shutdown that stock pair. Your money maybe can freeze because that.

My strategy is finding best coin where the price is cheap that time. First i will choose very careful what coin i want to invest, i research first from total daily volume, their project, like miner aspect and intrisic value of project. After that i make a list coin then find the lowest price coin via coinmarketcap or gecko. Find best exchanges to trading it.

Then I enter the market just buy it with price showed in the screen, i don't care that price can be down or up after that.

Put target profit and leave it. If don't get profit from it i just hold it long term.

Panic buy is like terrible decision.

I ever see my favorite coin the price is good movement, sometimes high and low, but that time the price is going down. I see there is an opportunity to making some profit. So i just going sell my Bitcoin to buy that coin. I just buy it don't care the price and also not research it. So i success buy that coin. I think tuat is panic buy. But after that the price going down down down, that is crazy! i lost 50% after 1 week. So i just surrender to sell it. panic sell. Yeah i lost 50% but the price going up after i sell it, but not much 😅

For that case, i am not 100% investing into cryptocurrency. If someday i die, only small amout of cryptocurrency will lost and don't have the owner. I just think one answer about it. I will write my passphrase in a solid paper, where i calculate have ability anti air, water, fire, also strong in every disaster. So i put in deposit box or box somewhere. I inform to my family on there is treasure, you educate them how to decrypt and exchange it to money. So when you die, they can take it and use it.