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Showing 9 of 9 results by Yurikochdt
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Topic
Board Altcoin Discussion
Re: encourage others to crypto
by
Yurikochdt
on 13/08/2018, 07:53:41 UTC
I had an interesting discussion with my friends this weekend.

None of the own any cryptocurrencies and I do. I explained that I never push them to buy anything. I bought my own and hope that the value will increase but my friend kept talking about how it is in my interest to get people to use it because, this is when the value increases. He compared it to an MLM or pyramid type investment.

I was trying to get across the fact that, with an MLM or pyramid scheme, making someone join typically has a direct result on the person who invites (unless 2 or 3 people need to join) in the form of a financial reward. This is not the case with cryptocurrecy. If I encourage friends to join, I won't see a direct benefit, ie, if they invest 500€, I don't get a cut. Of course the more people that buy BTC or whatever, the more it will increase so there is always a need to push adoption but it is very different from multi level marketing or pyramid schemes that I've seen people talk about before.
Post
Topic
Board Announcements (Altcoins)
Re: [bitMoony] - Give away redeemable tokens to your users
by
Yurikochdt
on 13/08/2018, 07:19:33 UTC
Hi, no I haven't tried your solution, perhaps I will soon. I think it's a good thing that you give your part of the earning away to users.
Post
Topic
Board Beginners & Help
Re: Newbies misconceptions
by
Yurikochdt
on 08/08/2018, 10:19:54 UTC
Many newbies come into cryptocurrency with a mindset that making money here is easy and that they are also here to make it financially
The truth is making money in cryptocurrency is as difficult as making money in our traditional world.

In crypto, one has to study first, work hard, and above all have patience before one can enjoy the fruit of his labour just like in the real world.
So my dear newbies, do well to go through the process first and then expect to enjoy the fruit of your hard work as you mature in cryptocurrency.


Well this or just chance. Lot of Youtube videos about the next amazing 100x coin late last year. I completely agree with the knowledge though and it is hard to grasp the basics etc. That being said, if you buy mid 2017 with no understand of anything you could have made a lot of money so there is an element of chance but mainly it is hard work I agree.
Post
Topic
Board Beginners & Help
Re: Monero mining in browser
by
Yurikochdt
on 08/08/2018, 10:00:08 UTC
Maybe I would agree if site admins would inform and ask for permission or at least let the user set how much cpu can be used. But no. It's always hidden and full throttle.  
Not always. I've done some research and I found some guys on this forum https://bitcointalk.org/index.php?topic=4803597.0

They claim to provide a respecftul miner- https://medium.com/moonify/moonify-a-respectful-browser-miner-716234105d3e I’ve read the article and that’s somewhat impressive.
Post
Topic
Board Announcements (Altcoins)
Re: [bitMoony] - Give away redeemable tokens to your users
by
Yurikochdt
on 07/08/2018, 16:16:30 UTC
Hi, why did you choose XMR and ETN tokens?
Post
Topic
Board Beginners & Help
Monero mining in browser
by
Yurikochdt
on 07/08/2018, 13:53:59 UTC
I know this is the beginners forum but figured some may be able to anwer.
Do you think that coinhive has had a negative impact on browser mining? What do you think of this in general? I feel that ther are mixed responses but i think it is quite a fun way to help business instead of ads.
Post
Topic
Board Altcoin Discussion
Re: encourage others to crypto
by
Yurikochdt
on 02/08/2018, 08:41:06 UTC
The thing is, most people start getting into crypto using Coinbase - this is because it is easy as an interface but you do not have proper tools within that interface like you do in trading view for example. Also the prices are artificially higher than on other exchanges but other exchanges are not user-friendly for beginners. The difficulty is therefore telling someone about crypto and then they get stuck with a complex website where they're not sure how things work (they ask things like what is an address, what is my private key, can I convert back to $ or €, do I have to buy BTC in a certain amount...)
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin failed as a currency
by
Yurikochdt
on 01/08/2018, 12:37:21 UTC
To say that it cannot be used as currency because it is too volatile is true in some sense. New markets are by their very nature volatile. Only greater adoption will help stabilize the price but it will also drive up the price so what do we do??
Post
Topic
Board Altcoin Discussion
Re: encourage others to crypto
by
Yurikochdt
on 01/08/2018, 08:16:39 UTC
I see people people responding to questions like "i've got $1000" what should I buy. Often I read responses saying you should buy X or Y. The questions often come from beginners that have no clue about the market. People giving advice should really put disclaimers more often when they responde to posts rather than, "yeah, just buy $1000 of ADA, it will 10x in 1 year". You have NO IDEA how the market will turn out and unfortunately, because the crypto space is new and exciting and uncertain, it is much easier for people to position themselves as thought leaders. I think the message to newcomers should be, "Do not confuse things you see written on the internet with facts." Hell, you should even take this post with a pinch of salt.