Excuse my ignorance. But is there truly any way a currency can be completely decentralized? Sure, maybe not central to a governement, but some central entity will always lay claim to any currency. It's further unrealistic to believe each government won't regulate cryptocurrency at some point. I have the same question about dapps and a dectralized internet. Again, I apologize if I'm missing a fundamental factor when asking this question. However, I'm not too proud to ask and be educated.
Bitcoin is a decentralized currency, that means, no one is controlling them nor making them. It is mined and it can be mined by anyone. Satoshi Nakamoto created bitcoin, even if he did, he still mined the bitcoin in order to acquire them.
not actually, Bitcoin now is in Core's hand.
Post
Topic
BoardAltcoin Discussion
Re: How do exchanges work?
by
Brmaster
on 10/07/2017, 07:39:09 UTC
there are two types of exchange on the world: one is that you only have to buy or sell at a relatively fixed order which is priced by the exchange; the other is that you can only somplet the buyu or sell, when another people set the price which is matched with you, because you can place your order freely.
Post
Topic
BoardAltcoin Discussion
Re: I have 6.5 K USD. What should i invest in? Pow? Pos? Trading ?
by
Brmaster
on 10/07/2017, 06:57:30 UTC
I will suggest you all-in to buy Bitcoin now, and back to see the price after 3 years
I really believe cryptocurrencies. I invested in poloniex ( 3 K usd) made some profit but losing some money for 2-3 weeks. I just made 4 rigs ( 4 gpus each) to mine altcoins. Recently i am mining ETH with 300 Hashrate.
And additionally i got 6.5 K usd to invest. And i am really confused.
My first choice would be to use money directly to invest in new coins that generates with itself more by holding them ( like XEM) But i do not know what are these coins available to invest in this manner.
Or i could go all in cloudmining - buying litecoin contracts?
Or i can use poloniex to buy low sell high strategy.
Can you please give any suggestions?
Post
Topic
BoardSpeculation
Re: BTC will be back in $1,000 ?
by
Brmaster
on 30/06/2017, 08:49:33 UTC
Even returning to before, at least I am still profitable, and I think many people here just like me, we hold Bitcoins before the rise of price.
But I want to ask, even if the price fell to $1000 again tomorrow, would you buy and hold?
Post
Topic
BoardTrading Discussion
Re: Trading Risk management.
by
Brmaster
on 30/06/2017, 08:46:31 UTC
please take the 60% of the previous day's profits to trade.
if you lose yesterday, please take 40% of all profits to trade, if you still lose, please exit this game and hold your principal.
Post
Topic
BoardSpeculation
Re: I Need Your Opinion On My Bitcoin Price Analysis
by
Brmaster
on 08/03/2015, 07:12:53 UTC
I think you should refer to more exchange markets
due to 1. one market will have great limitations 2. bitfinex has the most volume, yes, but for its leverage. single markets, such as lakebtc or bitstamp has a better price source.