Bitcoin seems to be too expensive now, but what about the others? I saw this excellent crypto currency article by Ben Yu. It will take you over an hour to read, but has a lot of useful information. https://medium.com/@intenex/cryptocurrency-101-7197684775fd My biggest concern is that alternatives like Ethereum might keep forking. Buy or not to buy, that is the question.
Too expensive? You don’t have to buy 1 BTC, you can buy any fractional amount, like 0.45 if you’d like
Yeah. And how do you know it’s too expensive? How did you calculate its true value?
How about Mcoin?
1. The fork has to win to be relevant. 2. Holding ETH gives you the fork's coins as well if you were holding it at the time of the fork I don't think bitcoin is expensive but I do think it may become cheaper soon. So if I was buying, I'd de-risk by putting only 50% of my intended investment into the market right now. Coins to check out: ZIL, RVN, ONT, MFT Feel free to ask if you have other concerns btw
I don’t see any of these coins on Robinhood. Why is that?
Because Robinhood is a new exchange that nobody considers the to-go exchange to buy cryptocurrencies. I'd use Coinbase or Bittrex to get the money in, buy ETH and transfer to Binance to buy what I want. RVN is probably not being traded anywhere besides very obscure exchanges rn.
Eth, Stellar
There’s eth and eth classic. What’s the difference? Is one a fork? I can’t find stellar on Robinhood
I dunno what is a classic
Instead of Bitcoin, I prefer to exfiltrate my corrupt wealth from China via real estate holdings
I see bitcoin, bitcoin cash, and bitcoin gold on Robinhood. The latter is not treatable. What are the differences between the three? I see bitcoin, bitcoin cash, and bitcoin gold on Robin Hood. The latter is not tradeable. What are the differences between the three? They are obviously forks, but beyond that?
Bitcoin Cash is a fork of Bitcoin with a smaller dev community and username. It has a few small differences in the code vs. Bitcoin, but most importantly, its transaction volume is lower so transactions are cheaper and clear faster. This is good for a certain category of user, but until scaling problems are addressed, it’s a self-limiting advantage. Bitcoin Gold is just a scam
Thanks, very useful! Bitcoin is limited to 21 million coins. Is there something similar with bitcoin cash? What category of user is the best suited for? Why would you say bitcoin gold is a scam? Isn’t it also a fork?
Bitcoin cash, BCH, decided to try to scale on chain via larger block size. Nearly all the major mining pool CEOs (especially Bitmain) have expressed public support for BCH. Bitcoin BTC decided to try a second layer solution with off chain transactions, which will take fees away from miners. Personally, I think the miners and total transaction usage will drive who wins, but I think BCH is on a better path.
What manufacturers have pre-mined coins as opposed to coins mined “on the fly“?
EOS is the most active blockchain on the planet. Only blockchain designed to scale from the ground up
Do you work with EOS?
Litecoin
Even the founder of lite coin dipped out of lite coin
Why did he do that? Why is it still tradable on Robinhood if the founder himself has no faith in it?