I was thinking about you a few days ago. Ripple had an unexpected run-up. While I stand by my advice, that it is a terrible investment idea and you should avoid it, it does prove that cryptos are unpredictable.
I can sympathize with this sentiment. I have made mistakes that have cost me hundred of thousands of dollars. My advice is to try and learn from every mistake.
Also, back in 2015 when I started day trading bitcoins, I had no idea what I was doing. I was like a day-trading virgin. What helped me tremendously was keeping a log, a journal, of absolutely every trade, thought, and decision I ever made. At the top of each entry, I wrote the date and time. It helps so much to have something like this to go back on, to see clearly what your mistakes were, and help you understand your reasoning at the time.
My last big mistake cost me $217k. It hasn't bothered me so much because I remember how I felt when I made the order. I remember how careful, serious, and focused I was. I believed that I was making the correct choice. So even though I was wrong, I can feel OK knowing I really did my best. There's only so much you can do. And day trading is just a game after all ;)
Bitcoin cash uses something called "replay protection" where the addresses are produced differently to protect you from this sort of mistake.
Bitcoin wallets will not send to bcash, and vice versa. It's impossible.
No. They're incompatible. They use different conventions.
No. Their block headers don't allow merge mining. You've got to pick one or the other.
They both mine with the same algorithm. So it's up to your pool operator. Check with them and ask what they are mining.
You can't. The protocol is too secure.
What you CAN do is compromise their computer. Install keyloggers, malware, etc. Or use social engineering to get their private keys.
One idea you can do is: get their HD seed by telling them lies. Like make a "friend" and "help" them set up their bitcoin wallet. Let them fill it, spend some transactions, etc. Then a few months later, sweep their wallet. You'll have unlimited access to all their money at any point in time.
The heart is the private key. There's a thousand ways you can get it. But it all comes down to how well they've secured their key.
For example, coinbase stores their keys in safe deposit boxes. If you want huge amounts of bitcoin, try and rob their bank IRL. Get their keys and sweep them.
Thank you! Unfortunately the mods already bumplocked it.
I don't know much about them, other than the headlines. But….
Yes and no. I think they will be gold standard for black-market dealing, thus freeing bitcoin from a tarnished reputation. And yes, they will always be around, because there will always be men who want to deal secretly.
Keep in mind, too, that the lightning network will introduce a whole new level of privacy to bitcoin. When that catches on, then altcoins like these might crash a bit.
no that is not important to people at all. The lightning network is the future of bitcoin and will make POS transactions possible. Also you can already spend unconfirmed outputs in bitcoin; meaning: you already have "instant access" to your money. I haven't heard of nimiq, I'm only commenting on the sentence I quoted.
No I don't, and yes they are. Until one offers innovation, they are all a waste of time. honestly, every hour you waste learning about some hot new… "whatever"… you could have spent that hour learning more about bitcoin – which has a real and serious future.
The underlying problem with all these altcoins is the gambling spirit. Young, poor, failures of men get hooked on these altcoins because they want to get rich quick. They're constantly on the prowl for the next "moon". This is not the mindset of success, as you probably know, because gamblers always lose.
My advice, if you happen to be one of these mouth-foamers, is to accept that you missed the ball. Bitcoin will never "moon" again, probably. BUT it WILL continue to grow at a rapid pace, compared to basically any other investment option on the market. Understand how amazing that is, and you are still very early to the game. Wall Street still isn't (exactly) here yet. Imagine when they are!
