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Showing 20 of 23 results by sawree6
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Topic
Board Bitcoin Discussion
Re: What Should I do if my bitcoin has been stolen, and where should i complain ?
by
sawree6
on 27/12/2018, 15:17:08 UTC
Dude, get yourself a hardware wallet. Forget about online wallets, they can be easily hacked since they are located in open Internet space. At the very least, you can create an account at some exchange that offers cold storage for crypto funds. But if I were you I would definitely purchase a hardware wallet 'cause it's the safest device at the present. Actually, a paper wallet will be ok too. Well, any kind of offline storage is more secure than the online one.
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Board Trading Discussion
Re: Looking for the fastest way/tool to transfer fiat currency between exchanges
by
sawree6
on 30/11/2018, 14:50:46 UTC
According to my experience, there is nothing faster than SEPA. I also use wire transfer option on cex (https://cex.io/) because it doesn’t charge any fees. 3 days to transfer fiat to exchange is rather quickly. Usually, the intervention of the third parties slows down the transaction process. On cex it takes from 3 to 5 days to transact fiat.   
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Topic
Board Bitcoin Discussion
Re: Will the rise of immersive technologies increase the popularity of Bitcoin?
by
sawree6
on 22/11/2018, 13:59:38 UTC
Honestly, I got tired of hearing predictions from experts about Bitcoin's death. After 10 years of its successful operation, the skepticism has to dissapear. The rise of immersive technologies is not necessarily influential, as it will have impact mostly on the community which already believes in Bitcoin. We need to educate the masses to make it popular worldwide.
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Topic
Board Economics
Re: the future real money
by
sawree6
on 19/11/2018, 15:33:44 UTC
Regarding current tendency of digitalization, especially of goods and services, it is natural that payment methods are becoming virtual. Actually, you already can make virtual payments using both fiats or cryptos, the only thing that this method is not widespread.
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Board Bitcoin Discussion
Re: What happens when bitcoin becomes stable?
by
sawree6
on 19/11/2018, 10:07:33 UTC
Bitcoin isn’t even close to becoming stable. Its price shows relative stability in comparison with previous pumps and dumps, nothing more. It will soon end up with a bullish run and enter the more sustained bearish market. The nature of Bitcoin is volatile, so I don’t know if it is possible for it to become truly stable.
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Board Altcoin Discussion
Re: Ethereum for holding now
by
sawree6
on 12/11/2018, 10:54:28 UTC
Nobody can say for sure whether ETH is worth for hodling or trading. So, you should decide it by yourself 'cause no one knows your strategy or financial position. Read Ethereum predictions like this one from BitDegree (https://www.bitdegree.org/tutorials/ethereum-price-prediction/#Ethereum_Predictions_2018). Then, choose the exchange where to buy and trade. I would like to suggest you CEX – you can easily buy ETH there using your cards or via bank transfers (https://cex.io/buy-ethereum).
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Board Economics
Re: Cryptocurrencies and Europe's Economic Growth
by
sawree6
on 09/11/2018, 10:43:59 UTC
Nothing will change if countries issue their own cryptocurrencies instead of fiats. The amount of crypto would be controlled by and depended on the government disposal, like fiat money is now. Printing more money is actually another step towards inflation. Cryptocurrency can’t help to solve the EU problems. 
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Topic
Board Trading Discussion
Re: How did you start trading?
by
sawree6
on 07/11/2018, 14:10:39 UTC
The Internet has the power to provide you with tons of useful resources on trading. For example, this article covers the main points of crypto trading: https://www.tradingheroes.com/cryptocurrency-trading-guide-beginners/#What_is_a_Blockchain. Before risking money, get experience on trading simulators. There are two important issues to do before starting trading: choosing the wallet and choosing the exchange. The wallets may work online and offline. The safest option is a hardware (offline) wallet. Software (online) wallets are more convenient for trading. As for exchanges, they are crypto-to-crypto and fiat-to-crypto types of trading. The second type is better for beginners. I’d suggest CEX because of its user-friendly interface and easy way of buying crypto with fiats: https://cex.io/btc-usd. Start with a small amount of money and master your trading skills.     
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Board Altcoin Discussion
Re: Why creating more coins.
by
sawree6
on 05/11/2018, 14:52:46 UTC
The greed is the reason for creating many scam coins. Creating your own coin is a chance to follow the success of bitcoin or other altcoins as they are growing in adoption. But in fact, a lot of projects don't care about improvements, they just want to confuse investors and attract newcomers. Nevertheless, there are coins that introduce something completely innovative – and we can't stop this process, there are always chances of something useful to come up.
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Topic
Board Bitcoin Discussion
Re: Could bitcoin save the music industry?
by
sawree6
on 02/11/2018, 11:10:53 UTC
The problem lies in the fact that with each new intermediary musician receives fewer and fewer profits. The number of intermediaries makes complicated music industry even more difficult. The industry includes performance rights organizations, record producers, studios, agents, distributors, etc. Everybody receives fees and musician in the last turn. The blockchain is capable to eliminate all those intermediaries. Blockchain can become a new platform for artists in all spheres (writers, painters, musicians, etc) which will help them to get well-deserved profit and protect their authorship. In particular, smart-contracts can reduce the difficulties of the industry and the importance of the major labels.   
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Topic
Board Speculation
Re: cryptocurrency exchange hack
by
sawree6
on 24/10/2018, 14:20:14 UTC
Hacks happen all the time. Centralized exchanges are especially vulnerable to phishing strategies. Even the most protected platforms had some issues – CEX was once hacked at its initial stage. But the company has learned the lesson and now offers the highest standards of security. Now traders are not affraid to buy crypto (https://cex.io/btc-usd) and store coins at their cold storage.
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Board Trading Discussion
Re: $100 price difference between exchanges ...
by
sawree6
on 23/10/2018, 14:31:27 UTC
It’s obvious. Different exchanges have different fees and set their own prices basing on the general market tendencies. Usually, exchanges which are more focused on new traders set higher fees and even higher prices. Platforms for professionals are more loyal. You can easily check prices using BTC calculators on different exchanges (here's one from CEX: https://cex.io/bitcoin-calculator). There’s even a trading strategy of betting on different prices and getting profits from this. However, it’s hardly possible to trade in this way now – as more and more platforms move to the unified price.
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Topic
Board Bitcoin Discussion
Re: How does Bitcoin affect other Crypto?
by
sawree6
on 22/10/2018, 12:32:23 UTC
We can see how powerful bitcoin is. It is the main reason for ups and downs of other cryptos. Bitcoin has the biggest liquidity on the market which is why people buy altcoins usually with bitcoin.
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Topic
Board Altcoin Discussion
Re: shall i convert my bitcoins to ethereum?
by
sawree6
on 17/10/2018, 14:32:17 UTC
I'll go with 1020kingz. His suggestion makes sense. It's quite a rational solution. It's really better to keep your btc and get eth additionally. For instance, you can buy it at CEX (https://cex.io/buy-ethereum) using cards. If you don't have extra money – just hold your bitcoins. I believe that btc will have value, even though it's too unstable.
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Topic
Board Trading Discussion
Re: trading
by
sawree6
on 11/10/2018, 11:14:24 UTC
I think it's quite simple if you stick to certain rules while trading. Nothing complicated, but many traders very often ignore them:
— invest only that amount of money which you can afford to lose;
— never put all your coins in one deal;
— don't be greedy, don't invest mindlessly and avoid FOMO;
— if you have failed, learn from your mistakes, make some conclusions, and don't give up.
I saw some experts advising to track Bitcoin's behavior which is reasonable.
Also, if you've just entered the crypto market, you will search for a place of trading or buying. And I would advise you to take a closer look at CEX (https://cex.io/). It's simple for beginners and offers all major coins.
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Topic
Board Bitcoin Discussion
Re: Is anonymity the future for bitcoin???
by
sawree6
on 08/10/2018, 10:14:32 UTC
Bitcoin blockchain is a public system. It provides privacy that I think is more essential than anonymity. In blockchain you can find only the address of bitcoin user, so you’ll need to use additional resources to identify the personality. This is a sort of anonymity that I think is quite sufficient to satisfy users. The main idea of bitcoin is not the anonymity but decentralized system and transparency. If someone concerns about anonymity there are such altcoins as Monero, Dash and Zash that provide it.
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Topic
Board Trading Discussion
Re: Crypto exchangers and kyc
by
sawree6
on 05/10/2018, 11:43:20 UTC
I think KYC is not that bad. The main purpose of it is for added security and protection not only to your account but specially to the exchange itself. So they could prevent  from being used, intentionally or unintentionally, by criminal elements or money laundering activities.

Agreed, In fact, I don't see any bad things about giving information in any exchange. Also, it is normal rules that in every exchange they implement this to avoid money laundering and other illegal activities in online transactions. Aside from that every exchangers are registered also to their country which is they really need to required their clients users to apply KYC. If you are making a big transactions to their platform depending on the amount of btc you are going to withdraw it. this was just my opinion only, I don't know if to others this reasons is correct for them.

I also think it's reasonable to provide information to the exchange if it's done for the sake of account security. Both user and exchange should be transparent. For example, CEX provides a high level of security to its users. Though the verification procedure really exhausts, it is totally worth it.
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Board Economics
Re: BITCOIN / GOLD
by
sawree6
on 28/09/2018, 14:48:39 UTC
Bitcoin successfully performs its function as a store of value, that’s one of reasons why it’s oftenly called a digital gold. The methods of mining of both bitcoin and gold are similar in a way. Reduction in the speed of bitcoin mining in the future and its limited quantity is as attractive for investment as scarcity of gold. The price of gold is less volatile, the market is more liquid and regulated. But the growth of bitcoin’s price is very impressive. Bitcoin has been created in 2009 and currently one coin costs as approximately 0.2 lb of gold. In a few years, the price might be equal to 2 lb of gold or ever more. Meanwhile, the gold’s price is very stable.
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Topic
Board Altcoin Discussion
Re: Investing decision
by
sawree6
on 27/09/2018, 14:58:23 UTC
If you doubt whether it's high time to invest, try to buy little portions of crypto first. You can easily buy coins from cryptocurrency exchanges that allow purchasing with dc/cc, like CEX. By the way, their payment options have been fully updated: https://cex.io/wires-campaign/. Think it over😉
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Topic
Board Trading Discussion
Re: The best time to take profit in Trading
by
sawree6
on 25/09/2018, 08:44:16 UTC
Ok, let's imagine that everyone gets huge profits and make money hand over glove. But is it possible for everybody to succeed? I think that it’s normal to cut loses sometimes, especially for newbies. Moreover, what if someone’s way of learning lies through mistakes?