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8 must read tips for trading Bitcoin and Altcoins

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YUVAL GOV   LAST UPDATED ON  JAN 11, 2018 Safety rules were written with blood. That statement sounds familiar to every soldier around. Although we are not dealing with a risk to human lives, losing your expensive Bitcoins by making mistakes trading is definitely not a fun situation. So, how we can avoid those mistakes in our trading? How to be mostly on the green side? First, it is important to note that to trade right requires attention and your one hundred percent focus. Secondly, trading is not for everyone. The following tips are easy to internalize because these tips were “written in blood” (my own blood). However, it’s still difficult to apply them in real-time. After all, we are not rational human beings. Have a reason before entering each trade: Start a trade only when you know why you’re starting and have a clear strategy for afterwards. Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses o...

$50,000+ Bitcoin Could Happen if This Isn’t a Bubble But an S-Curve

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Countless experts and pundits,  including Chase CEO Jamie Dimon , have proclaimed that Bitcoin is in a massive bubble right now, and it certainly could be. Yet these “experts” fail to consider one possibility that  some in the Bitcoin community  are beginning to suspect:  mass adoption may be imminent. Permanently high plateau First, let’s get something out of the way. Yes, with every bubble there are people who insist that it really isn’t a bubble.  It’s “the new normal” or “a new paradigm.”  Perhaps the most infamous such example is that of Yale economist Irving Fisher. At the height of the 1929 stock market bubble, just before the crash, a jubilant Fisher  proclaimed : “Stock prices have reached what looks like a permanently high plateau.” He couldn’t have been more wrong. Bubbles throughout history History is replete with examples of financial bubbles that popped disastrously. Britain’s  South Sea bubble  came about in...

Beware of Bitcoin's possible incompatibility with some major services

11 October 2017 Summary A subsection of the Bitcoin economy including prominent businesses such as Coinbase, Xapo, and BitPay have signed an agreement to adopt and implement a contentious hard fork of Bitcoin  sometime  in November. A hard fork is a backwards incompatible change to the Bitcoin network. This hard fork is not supported by the majority of the Bitcoin users and developers and is therefore a contentious hard fork. By adopting this hard fork, we believe the supporters of this agreement are shifting their users to an alternative currency (an altcoin) which is incompatible with Bitcoin. The signatories of this agreement wrongly believe that the currency created by adopting this contentious hard fork will eventually become Bitcoin. Therefore storing any BTC on services such as Coinbase, Bitpay and Xapo is strongly not recommended. By storing BTC on these services, you could find that after the hard fork, your BTC has been renamed to something else or replaced e...

Which is the Best Bitcoin Wallet?

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The Ultimate Guide This guide will help you to find the best Bitcoin wallet for YOU! Hint: There's no "one size fits all" Bitcoin wallet. Wallets come on different platforms with different features. If you want the best possible wallet, keep reading... Chapters CHAPTER 1 What is a Bitcoin wallet? CHAPTER 2 Wallet Types CHAPTER 3 Hardware Wallets CHAPTER 4 Hot Wallets CHAPTER 5 Bitcoin Banks vs. Wallets CHAPTER 6 Theft and Scams CHAPTER 1 What is a Bitcoin Wallet? A Bitcoin wallet is the first step to using Bitcoin. Why? Without a wallet, you can’t receive, store, or spend bitcoins. You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online bank account is an interface to the regular monetary system. Bitcoin wallets contain private keys; secret codes that allow you to spend your bitcoins. In reality, it’s not bitcoins that need to b...