There are some things you need to know about the current Bitcoin market. With this being in the news a lot lately, we though it would be a good idea to make this impromptu video talking about some of our experiences.Both of us had Bitcoin wallets that were taken from us by the companies that offer them and we have several other concerns as well. You can watch the video here.
Also Be sure to check out our discussion we did a while back with more detail on cryptocurrencies and the reference Zerohedge Article
Link to our original discussion with more detail on cryptocurrencies
Link to Zerohedge article:
http://www.zerohedge.com/news/2017-12-02/government-coming-your-bitcoin
COLD STORAGE
&
PAPER WALLETS
Tough Times losing all that Bitcoin, Like you said, its basically a bubble and being manipulated. Stop thinking about it, stop supporting their huge pump and dumps, Get Into long term investments in Secure Private Block Chain Cryptos, Watch your money 1000x
#VERGE is About to go insane! Still 10c! Releasing WRAITH PROTOCOL soon which is the OPTION to hide the addresses so you can have a public and invisible ledger
Regulation is coming for Bitcoin, Criminals and government are hoarding most of it.
Cryptocurrency and blockchain technology on the other hand is the way of our races future <3
Bitsquare
I haven’t watched your new video yet, but I do know that Intel is getting into genetic sequencing with block chain. https://www.linkedin.com/pulse/intel-developing-blockchain-mining-genetic-sequencing-anna-flores
It begs the question…what exactly are these cryptographic equations blockchain miners are weaving? What is the Particl coin trying to solve? Definitely hidden things in there, and I’m thinking God’s purpose in opening this up to me is uncovering that aspect of it.
Bitcoin started out as an alternative currency where the transaction fees was low but has become more like an investment instrument like gold because of the drastically increased fees. This is why you have bitcoin cash for instance that is a direct result of the new way that bitcoin has taken. When it comes to storing things on exchanges then people should be aware that you can buy physical wallets to store them which is as safe as it can get because nobody can hack it since it’s offline and even if your wallet gets stolen you can order a new one and restore the wallet.
I would recommend the Ledger Nano S at https://www.ledgerwallet.com/
What the future of bitcoin will be is anyone’s guess and the value of bitcoin has surely risen a lot lately and how high it will get remains to be seen. Important to keep in mind is that the smallest amount of bitcoin you can use for transaction is 0.00000001 which means that even if the price of bitcoin would risen to a million dollars or more, people would still be able to use bitcoin. The problem like I mentioned before is the transaction fees and on top of that the transaction time.
Take this what I am about to say next as my current perspective on things and nothing else. Bitcoin at this stage is like a train with many carts where it’s leading the way for all the other 1300+ cryptocurrencies.
Here is a list of them: https://coinmarketcap.com/
But at any point another train can come along and switch places and it all depends on what people are ready to invest in and what they want to use it for. If we take the alternatives to bitcoin such as bitcoin cash, litecoin and ethereum we can cleary see that they offer something that is far better than bitcoin when it comes to the idea of being an alternative currency. They offer lower transaction fees, faster transactions, extend usage beyond the idea of currency such as contracts etc.
I am not pro when it comes to bitcoin or any other cryptocurrency, I am just a regular guy that been investing into bitcoin and bitcoin mining and that been reading up on the principal idea behind different cryptocurrencies. What is important to have in mind when discussing the topic of bitcoin and cryptocurrencies is to have know what the different terms means. Terms such as blockchain, bitcoin, cryptocurrency, digital currency and virtual currency. Without the firm understanding of the difference between these terms it’s easy to blur things together where blockchain and bitcoin becomes the same thing when it’s not.
Here is a good article made by James Corbett from corbettreport.com that is for people that are new to these terms.
https://steemit.com/bitcoin/@corbettreport/the-bitcoin-psyop-explained
Another good article to read to put things in the proper perspective is this one. It dives deeper into the question what it all really means when it comes to the question of the increased value of bitcoin.
https://steemit.com/news/@corbettreport/bitcoin-usd10-000-what-does-it-mean
Thanks for the reply Zeb! I’ll look into the link as soon as I have a chance and also respond to your PM.. been so busy lately!