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Showing 20 of 33 results by coinmagnet1
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Topic
Board Bitcoin Discussion
Re: Is It advisable to quit my present job for bitcoin?
by
coinmagnet1
on 01/03/2018, 21:41:39 UTC
Don't quite your job UNLESS
1. You have plenty of capital available to support yourself,
2. You have plenty more capital available to invest and lose while learning how to be a good trader.

Most likely, you shouldn't quit your job, and you should instead learn how to trade well in your spare time until you are comfortable on how to trade in both bull and bear markets.
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Topic
Board Speculation
Re: Right time to buy bitcoin
by
coinmagnet1
on 17/01/2018, 07:47:18 UTC
Now is a good time to buy cryptos, but I personally would take other coins over bitcoin.
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Topic
Board Bitcoin Discussion
Re: Is Bitcoins goal to end governments?
by
coinmagnet1
on 12/12/2017, 10:52:22 UTC
I have seen many people say that Bitcoin will end governments.

But do we really want that?

And if yes how would things like infrastructure be provided without a government? (This is just an example, you can discuss any issue you see fit for this topic)

Not to end government completely, but to just end total government control of the monetary system.
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Topic
Board Altcoin Discussion
Re: 2018 The year of the altcoin
by
coinmagnet1
on 12/12/2017, 08:44:31 UTC
I think the x10 and x100's of several altcoins/platforms are to be seen in 2018

Enjoy the ride brothers and sisters

Totally agree with this. But, have to pick the right ones, lot of crapcoins out there...
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Topic
Board Altcoin Discussion
Re: 12 000$ to invest on cryptocurrencies
by
coinmagnet1
on 12/12/2017, 08:42:55 UTC
Hi ! I have 12 000$ to invest, I want to hold it 1 or 2 years.

I already have 70 IOTA bought at 0.80$/unit, I want to buy more into Altcoins.

Any suggestions ?

Here are some that I like:

Larger ones - not as much reward, I don't really go for them.

Medium ones, potential 300-500% - RCN, POWR

Smaller ones, potential 1000-2000% - HVN, SNC

Good luck!
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Topic
Board Altcoin Discussion
Re: Best wallet for altcoins?
by
coinmagnet1
on 12/12/2017, 08:40:05 UTC
Myetherwallet for Ethereum based coins.

Agreed, as far as I know, unless there's some better one I'm missing.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is garbage.
by
coinmagnet1
on 12/12/2017, 08:30:35 UTC
How can we be expected to invest in this stupidity?

Here is a guy trying to give Andreas a tip of $1.50.  To do that, he paid $13.46 in fees.  Does that seem like a sensible payment system?  Not.  It is garbage.  SegWit didn't help with anything.  

https://i.imgur.com/DDMQjOw.jpg

It's more comparable to gold (store of value), then a payment system, at least at the moment. It would be nice if they could fix the fees and speed though.
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Board Bitcoin Discussion
Re: Americans Are Taking Out Mortgages to Buy Bitcoin
by
coinmagnet1
on 12/12/2017, 08:29:14 UTC
This is a very very bad idea. But, can you really blame them? It looks like a gold mine, ayeeeee.
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Topic
Board Bitcoin Discussion
Re: Coinbase CEO Brian Armstrong Says: Bitcoin & Cryptocurrencies are the new stock
by
coinmagnet1
on 24/11/2017, 21:33:05 UTC
Coins from ICOs are in many ways like owning stocks, without all the headaches associated with buying and selling regular stocks. Less transaction fees, instant transfer of ownership - this is the new reality, and I love it!
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Board Altcoin Discussion
Re: Best altcoins to invest 1000$ in
by
coinmagnet1
on 20/11/2017, 09:42:10 UTC
I think right now Ethereum looks pretty good - it's been building up to it's current point for months with smaller and smaller dips, might be about ready to blow!
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Board Bitcoin Discussion
Re: interest in bitcoin is increasing
by
coinmagnet1
on 17/11/2017, 14:00:14 UTC
As per we can see the interest in bitcoin of people is increasing at a high rate...I believe it will be our future...but will the shoppingsites like flipkar,amazon be able to accept bitcoins?
may be in the next generation.......thanz fr reading

Bitcoin is too slow and transaction costs are too high for Amazon to accept it right now. Theoretically they could still accept it anyway, but nobody would use it. They might start accepting Ethereum or other alt coins though.
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Topic
Board Bitcoin Discussion
Re: Do you USE your BTC?
by
coinmagnet1
on 17/11/2017, 13:58:27 UTC
I don't use it, and using it in every day life, even if I could, would be silly as of right now -  The fees are too high.
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Topic
Board Bitcoin Discussion
Re: Why people sell bitcoins?
by
coinmagnet1
on 17/11/2017, 13:56:56 UTC
If you want to actually use the money you've got stored in bitcoin for everyday transactions, you have to sell them for fiat. Unless, you find places that accept them and you want to pay massive extra fees.
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Topic
Board Bitcoin Discussion
Re: Bitcoin growth trend
by
coinmagnet1
on 17/11/2017, 13:54:48 UTC
Some rumorus about Bitcoin going to 10k before Dec2017... is possible?

Before December? I doubt it. I think it will go to around 8500.
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Topic
Board Exchanges
Re: is it good to use hitbtc
by
coinmagnet1
on 17/11/2017, 13:52:01 UTC
Hi experts,

is it good to use https://hitbtc.com for trading..

I use them, and haven't had any problems yet.
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Topic
Board Off-topic
Re: Bitcoin is not gambling
by
coinmagnet1
on 17/11/2017, 13:50:29 UTC
I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.

It's not "gambling" per se since you can make educated buying and selling decisions based on information. But, there's still quite a bit of luck involved.
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Topic
Board Altcoin Discussion
Re: what will happen in Dec ?
by
coinmagnet1
on 17/11/2017, 13:48:48 UTC
Ether will break through 400, and there's a decent chance it will stay up there. At the very least, it will stay above 360. That's my prediction!
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Topic
Board Altcoin Discussion
Re: What you think about Ethereum in like 5years?
by
coinmagnet1
on 17/11/2017, 13:45:57 UTC
I think it will overtake Bitcoin at some point, but I'm not sure when exactly, and I'm not sure if it will stay #1 once it gets there. It is possible some other new crypto will come out that is better than all the ones we have right now!
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Topic
Board Altcoin Discussion
Re: Ethereum or Bitcoin?
by
coinmagnet1
on 17/11/2017, 13:41:44 UTC
which one is preferable for you guys?

1. Ethereum
2. Bitcoin

Its hard to invest in Bitcoin. So what's the future of ethereum?

I think Ethereum will get you a better ROI in the long run, because it has more functional usage (fast transaction times, low fees, tons of great apps being built on top of it). Also, it has a much lower market cap than bitcoin which gives it more room to grow.
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Topic
Board Speculation (Altcoins)
Re: ETH or LTC long term?
by
coinmagnet1
on 17/11/2017, 13:37:02 UTC
LTC is stuck to lite version of Bitcoin motto. Ethereum is being actively refined and updated and Ethereum is the prime fuel for ICOs.
Both coins are great and still profitable. But I believe Ethereum would be more beneficial than Litecoin in the long run.

What he said, and look at all the new Apps being built on top of Eth, there are a ton of awesome innovative new Apps coming out!