axl2468

I don't ask much in a cryptocurrency. I just want something that's easy and convenient to use and is also secure and untrackable, much like bitcoin. That's all.

Once in my life I've never heard of Steemit. As a person who regularly posts on the internet, I wouldn't really recommend replacing Reddit with Steemit especially since the money you can get with the website isn't a big enough to make it a good replacement to reddit since the popularity difference is high. I don't think Facebook really cares about adding such content because its relatively earning high income and I think they will only add new features if they think it will boost up their revenue.

It won't. It would be simply to hard to regulate such a decentralized system.

The newer the cryptocurrency, the easier to mine and the most rewarding to mine. That also means its very risky as you don't know if the cryptocurrency will succeed at all. I would suggest Monero for some small but safe rewards, but any relatively new crypto will do.

I've just found out that a few of the websites that I used that used my CPU for mining crypto. I just found this out when I noticed my CPU usage spiked. I installed an adblocker just to avoid the mining. I'm pretty annoyed at this. What do you think about websites or apps using your CPU to mine in secret?

Currently the lowest points of bitcoin annually has been increasing. Last 2018 its lowest was about $3,000. Unless something significant and devastating happens relating to cryptocurrencies or if suddenly every single major country bans Bitcoin, it's not going to fall down to $1000.

Eventually, you have to consider that the bubble will pop in any moment. That's why I don't invest much into bitcoin anymore and just use most of my money for buying bitcoin as a currency to pay for things online (plus, it's convenient for me).

One way I think this could work is by utilizing the user's CPU and GPU to secretly mine while they are participating in the platform, in exchange for a portion of the coins mined rewarded to the user. Not really ethical in my opinion and I wouldn't participate in it (as time passes the rewards will be worse), but it could work. If you're going to make this work by giving them coins for posting, then we would just have spammers everywhere.

The fact that its so convenient to use and it is not controlled by any government nor group. Less tax makes me a happier man (doesn't mean I'm anti-tax, I still want to pay tax for free healthcare, etc.) It's also untraceable and is as safe as other methods of payment.

If you're a person that has such a limited knowledge in computers and programming that you need a platform to make it accessible to you, then maybe you don't deserve to create your own cryptocurrency. Using cryptocurrencies are already kind of complicated, the technicality and specifics of it is even more complicated as you need to know a lot about the market, how cryptocurrencies work at a specific level, etc.

Mining is still going alive and strong, but it's not as widespread as it was a long time ago as more and more inexperienced miners (who jumped in the Bitcoin bandwagon) sold their GPUs (good riddance, I couldn't even get a decent one for a hundred dollars). I think it will still remain alive in the near future, but as they all say: cryptocurrencies are unpredictable.

I imagine only a select group of online stores will accept Bitcoin and most of them will be in the US. Unfortunately, I am not from the US and I think I would not be able to find a use for Bitcoin at local online stores in my country.

I feel like it wouldn't succeed well compared to other cryptocurrencies. The main allure to cryptos is that they are decentralized and nothing controls them. I imagine the cryptocurrency will be controlled by the Chinese government (because almost everything is state-controlled in China these days haha), which will turn off some potential users and investors.

Well, if you wanted to collect them for fun you could. They also have some uses (like buying stuff from other Dogecoin users, check out https://www.reddit.com/r/dogecoin/), but don't ever mine them. Just buy them instead if for some reason you ever want to use them.

Exactly. That's why I didn't invest too much into it. It's just for fun (also they're kind of fairly stable in price so I can buy some things in the Garlicoin community).

I'm an impatient man but I try to keep my investments for the long-term as possible while still playing really safe.

Eh, it will never become stable. Like it or not, decentralized currencies will always change drastically in price.

Not really. Cryptocurrency prices will always be unstable, and it's impossible to accurately predict what Bitcoin's price may be. Just trust your gut, play safe, and you'll be fine.

Going back to this post, it's now almost the end of the year. I haven't seen any significant price changes, so it's safe to say that any chances of a year end run is non-existent.

Only a few days left before a new year, and a new year means another opportunity to try something new. Are you considering on investing in altcoins at 2019? If so, what altcoins are you going to invest in? I myself will buy some Garlicoin purely not because of the money, but because I like garlic bread and memes (haha).

It's not taxed. No government institution is regulating it as it is a "decentralized" currency, so no taxes are imposed on any bitcoin transactions. What IS taxable is the exchange of bitcoin from cryptocurrency to cash.

Hopefully Bitcoin will relatively maintain its prices and still become stable (not that I'm not hoping for prices to rise haha).

People like decentralized currencies because it's pretty much free from government control. This means free from monetary policies (which can be a burden for some people), everything is anonymous (which can attract some shady people), the price is not affected by exchange rates, they are immune to deflation or inflation (because there is only a limited number of coins), and because it's just so convenient in general. I can buy something online without having to do some paperwork for my credit card because I can just buy them with the bitcoins in my bitcoin address.

In my opinion, I think the so-called "Satoshi Nakamoto" is not an individual, but a secret group of programmers. Don't really know and I don't really care who they are, but I imagine they're pretty rich because of the success of Bitcoin.

The most basic reason would be the rule of supply vs. demand. Back before 2016, the supply of mined coins were limited. There was also hype surrounding the coin because of its revolutionary decentralized system. So not only was the demand high, but the supply was also relatively low compared to today. And thus, the price skyrocketed as more people invested in bitcoin. Nowadays, the hype has calmed down quite significantly, and that caused a price drop. Not only that, but news about the coin influences the growth of the coin price. If there was news about a national government promoting cryptocurrencies and bitcoin for example, demand rises and that causes the price to go up. Bad news like governments banning or limiting the usage of bitcoin will cause demand to fall and will also cause the price to fall. (One great example of this is when there were news about China planning to ban bitcoins. The price plummeted and a lot of investors lost their money).