Kakashi2020

With the sudden surge of the price of Bitcoin, it's quite hard to invest in it nowadays. If a newbie would like to invest in a coin, what cheap coin can he invest his money in? (The coin should be cheap and has a high probability to appreciate.)

I just opened an account with coinbase and would like to know how much does your coin exchange charge for every buy or trade? What are the charges which your exchange charge you with from deposit to withdrawal?

It seems that there are 2 popular and trusted Coin Exchanges which are open to investors and coin traders worldwide. Which cryptocurrency exchange is better Binance or Coinbase.

I already made an account in Coinbase and it's says processing time is 48-72 hours, so I guess I have to wait to see what happens next.

I really think that the best way of earning through cryptocurrencies is to invest some money and buy some, wait for it to appreciate and sell for a profit, that's the most straightforward way of putting things into perspective. The big question is whats the best site to put your money in, the answer is to put it into a coin exchange and buy coins with it and let it appreciate and sell it for a profit afterwards. But the problem is some sites are hard to understand, and that's why im hesitant because it shouldn't be like that, it should be simpler so that more people would invest in these exchanges, people are careful nowadays because of the scams they've encountered in the past.

I'm still studying those sites Binance is a bit more complicated than coinbase so it seems first I have to deposit some money, then buy some coins after that trade them, then use it to buy things in amazon. How much would they get per trade? Are there charges per withdrawal? How much is the minimum withdrawable amount? How much is the minimum investment?

Precisely, the value of Bitcoin and how it progresses and decreases can be likened to the movement of stocks hence it could be predicted, you just first need to identify the yearly cycle and it's price highs and lows.

I've seen the sites of both Binance and coinbase, the problem with those sites is that there's a high minimum deposit and a high withdrawal deposit am I right? And they get a percentage on all buys, sells, is this correct? Binance is so complicated that even I can't understand it. Coinbase is simpler.

I think mining Bitcoin in homes with mining rigs 5-10 years ago was feasible but nowadays it's not. Miners are coming to terms on this and most new miners just lost interest when they tried mining because instead of profiting they ended up suffering losses. A single mining rig can cost a lot of money and most did not recoup their investments.

Ahh what market are you talking about? There's no current legit and licensed exchange here in the Philippines. What group are you getting your coins from I know two groups and both are bogus freebitco and moon group.

Well I haven't cashed out from any faucet because the minimum cash out in all faucets I know needs you to collect a lot of coins. At least 6 months worth before you are eligible for withdrawal.

Well, I think if it does something good to people like entertain or teaches them something useful then it must okay but if it only benefits the coin then deeper thoughts are needed. I'm not really for the game which promotes drug dealing like ether cartel but the other harmless ones are okay.

Who and where would they donate the money to and for what kind of development? How can miners which supports the network via mining would have any influence in the block chain?

Well thats good news for residents of those countries but my country, the Philippines is still not included in the list, it seems we still need to wait a couple of more years, before we can have access to a legal and legitimate coin exchange.

I guess comics and animated movies and series would get a lot of people interested in cryptocurrencies and could be a good way to educate people on how to benefit and use cryptocurrencies. Right now there's a lot of people who really don't know anything about cryptocurrencies and if they watch it in a film or series then it would help them to understand it better.

That's why I stopped going to faucets and btc gambling sites. I'm looking for a legitimate site in which one can buy and sell and withdraw cryptocurrencies without minimum thresholds, if you really think about it, why would a legit site put a high threshold in withdrawing earnings right? It means it's a scam. Some say Binance and Coinbase are good sites but why are their sites so complicated to understand?

I really think that they are all scam sites and they wont let you transfer your coins even if you hit the minimum. They're just using our devices to mine Bitcoin for them without us knowing it.

I've been claiming free satoshis and other coins in a lot of faucets but the problem with it is most of them are scams, these faucet sites would only let you deposit your coins in their made-up wallet and you can only transfer your earned coins to your personal wallet only if you earned their minimum amount which it would take literally years to do.

Bitcoin is getting harder to mine because it's supply is dwindling, it's the law of supply and demmand, less supply and more demmand means higher prices and that's what's happening nowadays. As the number of available Bitcoins to be mined goes down then the price would naturally go up because the demmand would be greater and this was incorporated into its program, that's why it's so hard to mine.

Building your own rig would be great if it's lucrative but sadly it is now considered counter productive and a novelty because you'll end up spending more in power than earning money from it. I think this is only good nowadays for people who have free access to power and internet.

I agree with you on that Bitcoins value relies on how it is used and that it's value will constantly change and one can't discount the fact that a lot of people do believe it and it is being used by a lot of of people nowadays giving it a high value, and I do think that Bitcoins value would continue to appreciate up to the $100,000 mark and even higher as the number of coins to be mined decreases.

I do agree that there's a lot of ponzi schemes around that's why Facebook is now taking down ads and posts about cryptocurrencies. Bing has also followed suit. In the Philippines there's a lot of cryptocurrency scammers who uses new coins to dupe investors. I just don't understand why the government is not taking steps to close these companies sooner? What always happens is these companies would be able to operate for months getting amassing 100's of millions then it would fold after which investors would complain, only then would the government steps in. By this time the people behind the scams would have jump shipped to another country where they would spend their lives in luxury.

I've seen both Binance and Coinbase sites already and it's like complicated, you can deposit money to buy Cryptos and you can also store cryptos in it serving as a wallet but it becomes foggy when it comes to selling and withdrawals. I have to check the sites again.

The value or price of Bitcoin depends on the value it is being traded, that's why the fluctuations are erratic and it's movements is quite unpredictable, it can be compared to a stock being traded but in reality it's a currency. But eventually it's price would settle and it would become stable. One thing though, what will happen if all the Bitcoin has been mined? The mining servers won't be supporting it's network anymore right?

In 2009 when Bitcoin was launched it only had a value of $0.008 per coin before becoming $.08 in 2010 and topped at $5 in 2012 and surge to $266 in 2013 after that it increases exponentially. What about other cryptocurrencies, will it also follow bitcoin's appreciation?