RE: 2 Cool Websites To Check or Predict Your BTC Investment Income!
thanks for the quick input, worth an upvote and follow! haha. Had no idea you could do regular automated investments with Kraken, I use it myself and love the huge limits on bank wires... before that I had been using coinbase and couldn't get to their bank verification for some reason so was stuck on the $150/week credit card payment, bleh.
I thought BTC was bigger in China than Japan..I could be wrong though. I've never used Coinhub myself.
Speaking of exchanges - slightly off the original topic re automatic investing, but generally speaking I'm a fan of Bitfinex, although their alt coin selection is admittedly limited. They have a nice interface though. For almost everything else I try to use Bittrex since they have such a large selection of cryptos. Only a handful of cryptos I wanted to buy that I needed to go off Bittrex for, like IOTA, Populous, and Veritaseum.
Well, I think it is big in China as well. The computer power for Bitcoin mining is certainly based in China and not in Japan. However, from what I can tell there is an economy (i.e. you can buy items at stores, have ATMs that Bitcoins). In addition, another reason that increases the use of Bitcoin in Japan may be that lot of affluent Chinese Bitcoin investors use their bitcoin when they visit Japan. The Chinese government enforces capital controls over the YUAN. You can only invest a limited amount of YUAN outside of China a year. When you invest in Bitcoin your limited amount of YUAN turn a profit and you can spend them without government inteference. It could be one of the reasons why a lot of Bitcoins are used in Japan. In Germany, for example, I have never seen a Bitcoin ATM, however I do they believe that they exist in Germany. They just may be less common.
About auto-investing. All though I do not invest into specific currencies automatically I always buy a certain amount of bitcoin every month to invest into other crypto currencies (like EOS, XRP and XLM). However, at the moment, I think it is a better strategy to buy Bitcoin and Ethereum only. I think this is the case, because Bitcoin will become more valuable after the SegWit#2 solution is implemented and when the blocks get bigger. Therefore, I would advise to buy and hold BTC/ETH at the moment and buy other cryptos once the growth spurt in Bitcoin ends. You can re-invest some of the gains made by Bitcoin into currencies that grew less than Bitcoin in that time.
I would also recommend to buy yourself into steemit. I think its an incredible crypto currency that offers a lot of advantages.
I do not know the other crypto currencies you just mentioned, but chances are that they are not going to make changes that are as drastic as Bitcoin. They probably behave more tamely so that you can invest in them later. Obviously there is guarantee for that and this is only my opinion. I do not know these currencies well enough to give you any advice on them.
Ripple (XRP) and Ehtereum (ETH) are competing against eachother. Ripple is not as far developed as ETH but I see the potential for a Black Swan event. However, since the price for XRP is very low compared to ETH it does not cost you much to invest into Ripple. Nevertheless, it is a smart idea to hold your ETH, for now, it will grow and is much safer than XRP. I use a small amout of money from my job each month to increase my online holdings. I do not sell any ETH to buy XRP.
thanks for the info!
I think that's good advice to buy BTC and ETH at this time and buy the others when BTC and ETH max out, and out of the gains made from them. Personally, I hate buying Bitcoin so high...
@bethani325 totally agree about hating to buy BTC so high, but I did it anyway! I might regret that since I'm not so sure on short term..it could def correct a bit after it's recent blast past $3K, plus potential segwit issues as I mentioned in my response to @granunic0rn above. The best bet IMHO right now is to be diversified, definitely holding on to BTC but also have some of the other top cryptos, especially LTC - I think it's a good time to buy since it's basically held steady, it hasn't gone up much but most importantly hasn't really dropped at all...there is very little downside at this time in my opinion. Just my opinion and what I've gathered from research, but of course feel free to do your own research too...
When you had listened to Clif High... still thinks BTC for $13000 next Feb.
Did he say 13K in Feb? I know he mentioned that number but didn't know the timeline. Wow that's incredible... if you listened to him, he also predicted BTC hitting the upper $6K before it has another major correction.. and with the way it's been mooning like crazy I definitely see that as likely..
Yes something like $6888/btc ? What do you mean by mooning?
Please add this:
Ripple is in competition with etheureum. And long way accelerating to Bitcoin.
I've never heard about XRP competing directly with ETH, I thought they were pretty different... XRP is the bank's poster child crypto, and Ethereum is all about smart contracts, etc. EOS is def an ETH competitor though.
I added it
How much do u see ETH in 2018
Indeed, you always have to verify for yourself if a promoted investment really is a good investment. I agree with you and also think LTC is nice and going strong. I have gotten a promotion at work today, perhaps I should allocate my first bonus to LTC?
@jobsande, I think in the near future LTC will be traded on Etoro too, and that might bring more attention to LTC and increase the price.
@granunic0rn not a bad idea..LTC has definitely been undervalued for a while now IMHO, especially in times like this where BTC is mooning and LTC is just treading water. It's time will come though!! Just hope it's soon lol.
Yeah that would be awesome if Etoro helped give it a bit of pop :)
No idea, I would guess 400 $ maybe. The course could be higher, but I would value the stock no less than 400 $ at the moment. However, Bitcoin going up is a good sign for the crypto world, therefore ETH will probably prosper too.
There are a lot of venues and some ATMs in Prague / Czech Republic. They are quite crypto friendly if you look at https://cryptocurrencyhelp.com/bitcoin-atm-map/
I had a better one with venues where you could pay with BTC but can't find it at the moment.
Thanks for the info, but really have been looking for ways to learn more about how this Bitcoin thing really work, any help?
Depending on how much you want to use steemit you could consider investing it into steem power as well. Though I will retain some of the bitcoin I use each month, I will use small marginal amount to boost my steam power in the future. Later on, after the Bitcoin surge in price I anticipate, I will invest more in steem power. I really like this community and want to see it succeed :)
Wht is the abbrivation for steem power in coinmarket
You can buy steem power here on steemit. Just select the wallet section in the drop down menu and select buy steem or steem power. Another tab will open in the browser and you can select a payment methods with common currencies such as Bitcoin to your steemit account. Just generate a deposit address and send your bitcoins there.
It is really easy :)
Great information. I would add LTC to the list as well. It has tremendous potential and was just sitting there. Now as Mr. Lee is active, he is doing some great development and the community is completely supporting that. Absolutely BTC will steal the show but LTC will have greater profit ratio as BTC will pull LTC along with it.
The length of your response deserves an upvote! Which is now a whopping 4 cents at 100%, but hey, better than nothing ;)
I agree about ETH's long term potential, and recently ETC seems to have been getting a bit of kick as well... short term though, ETH has been on a bull run so I'm not sure how much longer it can sustain that without correcting a bit first. I have a tiny bit now, but plan on getting more whenever that is.
To be honest I'm not 100% convinced of BTC in the short term. If there are any issue whatsover with Segwit, as @jeffeberwick has mentioned several times there potentially could be, that could hit BTC hard, (then help BCC since more would be drawn to that).
I do have a decent amount of BTC that I'm keeping as a core holding, but I have invested a bit of it in the last couple days in LTC and other cryptos... I think LTC's moment in the sun is long overdue!
Interesting FYI about the Yuan.
Thank you :)
I agree that LTC seems interesting too.
I am not sure about Bitcoin Cash, but I think that Bitcoin will be a good core holding long term.
It's 10 cents now :D
totally, since we can never be sure which are the best, having a diversified mix is the best :)