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Showing 16 of 16 results by IndoUSminus
Post
Topic
Board Speculation (Altcoins)
Re: Buy ETH or not?
by
IndoUSminus
on 28/08/2018, 01:52:12 UTC
I would and hold

Totally agree. ETH is a good alternative to BTC.
Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin a threat to USD and Pound Sterling?
by
IndoUSminus
on 28/08/2018, 01:37:06 UTC
Bitcoin cannot be a threat to USD, Pound Sterling, or any other conventional currency. Not in the next decades, at least.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Fiat
by
IndoUSminus
on 28/08/2018, 01:30:57 UTC
Bitcoin cannot replace fiat because Btc lacks some important features for that:
- stability;
- paper form for offline transactions;
- is not backed by gold.
Post
Topic
Board Bitcoin Discussion
Re: At what price will you panic and start selling coins?
by
IndoUSminus
on 28/08/2018, 01:12:09 UTC
$3000 is the threshold for me. As soon as it reaches $3000, I believe, I'm going to sell it asap.
Post
Topic
Board Bitcoin Discussion
Re: Crypto is dangerous....
by
IndoUSminus
on 28/08/2018, 01:05:48 UTC
I wouldn't put it exactly this way... It's definitely risky. On the other hand, what isn't?
Even usual food could be dangerous because of potential choking, food poisoning, etc.
I believe before getting into crypto people must learn the basics of security. Of course, we can also learn it after we start trading crypto, but it might prove to be too expensive in the end...

I agree. It's not that "dangerous" if you know the basic security rules to work with it.
Fiat could be too dangerous, too. For example, in many cities, if you go for a walk with a lot of cash in your pockets in certain neighborhoods, you might even get killed. That's how dangerous fiat is.
So, instead of saying it's "dangerous," read the security rules first and you're going to be fine.
Post
Topic
Board Bitcoin Discussion
Re: Who will benefit the most from bitcoin/cryptocurrency?
by
IndoUSminus
on 28/08/2018, 00:56:53 UTC
I feel, in fact, bitcoin/cryptocurrency are beneficial for everyone because cryptocurrency represents technology that is supposed to ensure the transparency, reliability, low-cost transactions, anonymity, etc., etc.
Post
Topic
Board Trading Discussion
Re: Which one is a better investment Bitcoin Or Ethereum,
by
IndoUSminus
on 26/08/2018, 07:58:20 UTC
This is a pretty tricky question in that it requires some background knowledge to get the idea of what the basis for making decision regarding investment is.

If you are interested in details, I recommend reading the following article from Forbes which might prove helpful in making your decision:
https://www.forbes.com/sites/bernardmarr/2018/02/05/what-is-the-difference-between-bitcoin-and-ethereum/#5833e61d7c70

For those who don't like reading a lot, here's a quote I find useful:

"... Ultimately, the long-term growth of any cryptocurrency (or indeed business) depends on useful applications being found for its assets.

If Bitcoin goes on to become a widely accepted form of currency, or the Ethereum network becomes an established standard for distributed computing, then the value of these assets is likely to continue to grow.

On the other hand, in technology, there is always something snapping at the heels of the front-runners. Newer and more efficient algorithms could replace either Bitcoin or Ethereum.

Additionally, both face the threat of government regulation. The value of many cryptocurrencies (including Bitcoin and Ethereum) have moved downwards since the start of the year, which has been attributed to threats of their trade being regulated by governments in China and Korea..."

Hopefully, that might help Wink
Post
Topic
Board Bitcoin Discussion
Re: Is the world ready for cryptocurrency?
by
IndoUSminus
on 25/08/2018, 20:18:41 UTC
Of course, lots of people are aware of cryptocurrency as a fact: it has been discussed for years now, BUT....
I wouldn't go so far as to say that the world is ready for crypto because there are still a lot of people who don't understand the nature of crypto and, as a result, are scared of it. And in order to be ready to accept it, one must understand what exactly what it is and what they options are. I believe we will see the time when crypto becomes commonplace, but we need to wait for quite a while before it becomes a reality.
Post
Topic
Board Speculation
Re: Will Bitcoin continue to fall this year?
by
IndoUSminus
on 25/08/2018, 20:03:38 UTC
Well, as you know well, the crypto market is one of the most unpredictable out there meaning you can expect anything and no one can tell you precisely what to expect just because there are way too many factors to be considered and some of them are out of a traditional paradigm.
So, all we have to do for now is sit tight and hodl. Being patient is our key to success now.
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Topic
Board Bitcoin Discussion
Re: Why Banks on blockchain?
by
IndoUSminus
on 24/08/2018, 21:02:23 UTC
What is the possible reasons why banks adopt of joining blockchain? 

I believe, the reasons are pretty obvious even for such conformist organizations as banks: they have started seeing their apparent benefits.
For instance, the transaction costs even for large amounts are meager as compared to the standard banking rates. The security and reliability of the blockchain is like a dream come true for the banks, so no wonder they are willing to adopt it.
Post
Topic
Board Bitcoin Discussion
Re: Do you keep your coins physically secure?
by
IndoUSminus
on 24/08/2018, 20:45:57 UTC
This is funny to ask a question like that in this community because everyone should be aware of security issues inherent in crypto. However, I was really surprised to learn that some of the people engaged in crypto world leave their coins online...
Me? Never will I leave my coins anywhere but in my cold wallet with key phrases being kept off-site in several trusted locations.
Cold wallet: Ledger Nano S, if you are interested.
Post
Topic
Board Bitcoin Discussion
Re: Samsung: Smartphones are the Most Secure Device When Using Cryptocurrency
by
IndoUSminus
on 29/07/2018, 22:29:05 UTC
What a surprising news! Never thought about it this way... Thanks for letting us know.
Here's the link for those who might get interested:
https://finance.yahoo.com/news/samsung-smartphones-most-secure-device-210755787.html?guccounter=1
Post
Topic
Board Bitcoin Discussion
Re: Join this Big "Why do you support Bitcoin?" Poll
by
IndoUSminus
on 29/07/2018, 22:21:56 UTC
I am Idealistic and against Banksters  Cool
Post
Topic
Board Bitcoin Discussion
Re: GOOD NEWS!!! South Korea on BITCOIN
by
IndoUSminus
on 29/07/2018, 22:11:53 UTC
What a great night! I just read about Thailand legalizing crypto, and -- bam! -- South Korea has started taking care of the crypto! The world seems to be gradually facing up to the fact that cryptocurrency is a matter that can no longer be ignored Wink
Post
Topic
Board Bitcoin Discussion
Re: Thailand Legalize Crypto currency
by
IndoUSminus
on 29/07/2018, 21:58:01 UTC
Way to go! The more countries accept crypto, the better for us!  Cool
Post
Topic
Board Trading Discussion
Re: Trade or HODL?
by
IndoUSminus
on 02/07/2018, 14:10:41 UTC
It depends on what exactly you want to get in the long run.
Whereas trading could be more profitable, hodling is more secure. So, it's up to you to decide what to choose Wink
However, considering the fact you ARE here, maybe you should give it a try. Wink
Either way, you will learn something...