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Bill Gates Calls Cryptocurrency 'super Risky' In Reddit Ama

Bill Gates Calls Cryptocurrency 'super Risky' In Reddit Ama

Bill Gates is not a fan of cryptocurrency. During a recent "Ask Me Anything" session on Reddit , the Microsoft co-founder said that the main feature of cryptocurrencies is the anonymity they provide to buyers, and Gates thinks that can actually be harmful. "The government's ability to find money laundering and tax evasion and terrorist funding is a good thing," he wrote . "Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way." When a Reddit user pointed out that plain cash can also be used for illicit activities, Gates said that crypto stands out because it can be easier to use. "Yes anonymous cash is used for these kinds of things, but you have to be physically present to transfer it, which makes things like kidnapping payments more difficult," he wrote. Gates also warned that the wave of speculation surrounding cryptocurrencies is "super risky for those who go long." The plan for Bill and Melinda Gates' $1.7 billion investment in America's public education system Gates isn't the first big name to speak out against the speculative assets . His close friend Warren Buffett also predicts a disappointing outcome. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending ," the chairman and CEO of Berkshire Hathaway said. "When it happens or how or anything else, I don't know," he added in an interview on CNBC's " Squawk Box " from Omaha, Nebraska. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth." Legendary investor Jack Bogle agrees. "Avoid bitcoin like the plague. Did I make myself clear?" said the Vanguard founder in response to an audience ques Continue reading >>

I Invested All My Spending Money In Ethereum (and So Did My Friends)

I Invested All My Spending Money In Ethereum (and So Did My Friends)

I Invested All My Spending Money in Ethereum (And So Did My Friends) College students in computer science programs are obsessed with cryptocurrency. The excitement was contagious when the price of the ethereum doubled a few weeks ago. I got a flurry of messages from my college friends, and together we watched the price climb. It was good timing for me. I had just put all of my spending money into ethereum. When my friend Arturo first pitched me cryptocurrency a few months ago, the phrase that won me over was, "Money is freedom." I was studying in Spain at the time, and what was an overdue catch up between friends snowballed into a transatlantic business call. In hopes of striking it rich, my friend put all his savings into ethereum and urged me to follow suit. I thought of the $5,000 student loan looming after I graduate. With this in mind, I found my friend's argument particularly compelling, and some pocket money would be nice, I thought. So I went off to do some research. My parents added $900 to my bank account, which was spending money meant to last me the whole semester abroad. Within a week, I had invested $700 of it into ethereum. I knew a bit about bitcoin, but had never even heard of ethereum. I started clicking around and soon found myself deep in an internet spiral. I was obsessed, trying to figure out the ins-and-outs of smart contracts , the various players in the Ethereum Enterprise Alliance , and what the skeptics had to say about it. I had my doubts after reading the arguments on possible security issues and community disunity after the DAO hack . Like any investment, there are risks. But ethereum has demonstrated consistent growth over the last year, growing more than 2,000 percent since February. With success stories of overnight millionaires bulleti Continue reading >>

Ark Why Its The Best Cryptocurrency Investment At The Moment

Ark Why Its The Best Cryptocurrency Investment At The Moment

Im passionate about the cryptocurrency sphere and I aim to look for projects that wish to revolutionise and innovate. I hope you enjoy my articles! Ark Why Its The Best CryptoCurrency Investment At TheMoment Ive been investing in the Cryptocurrency sphere for the good part of a year and during my time here Ive been a part of many fantastic communities each of which presented opportunities to get behind some amazing pieces of technology. In this article, Im going to give you a good reason to invest or at least look into a Cryptocurrency called Ark but before I can convince you with my reasoning behind this bold title, lets delve into what drives my investments. Quite simply I love innovation, I love projects that continue to improve and hone the technology world, those that embrace new technology and therefore its only natural that the blockchain and crypto sphere is where I have turned to. When I started off, I was simply lost within a sub section of the internet that had so many things going on and the main coin, Bitcoin was the primary candidacy for investment. There was a coin which piqued my interest the most, called Ethereum. I managed to get into Ethereum below 5 and for me this was a no brainier as I could see the potential, it aimed to develop a system that went above and beyond, so how could I resist. Well I can firmly say that Ark has much of the same reasoning for me and in this article Im going to convince you exactly why this is the case. To start explaining Ark, we can take ourselves back a little bit to a time when things were just starting. Were in a Cryptocurrency world where theres a big boom about to occur, most people can see it on the horizon as developers and business enthusiasts look to use Ethereums up and coming platform to develop their own bl Continue reading >>

What Are Ethereum Investment Risks Through End Of 2018? : Ethtrader

What Are Ethereum Investment Risks Through End Of 2018? : Ethtrader

TL;DR: Im confident that Ethereum will be the dominate crypto platform for the next few years. Valuation of crypto is being driven by a bubble (not fundamentals) and I think the bubble will carry us through 2018 when, hopefully, well be in a better position to be evaluated on fundamentals. My primary concern is black swan events during 2018. My main goal is posting this is to hear opposing points of view. Please do comment - not matter how minor the critique. This is a cross-post from here: that I wanted to put out on EthTrader just to get a wider variety of feedback. Goal of this post: What are Ethereum investment risks through end of 2018? Blockchain is actually going to be as transformative as the internet over the next 20 years. It will be transformative because it is a framework for permissionless, programmable, value transfer in the same way that the internet provided permissionless, programmable, information/data transfer. Ethereum will play a major role in that - probably being the Microsoft (massively dominant player for the first decade) - due to the developer mindshare that they have captured. While competitors will create technologically superior platforms (EOS, Cardano), many more developers will be working to provide that same performance on top of the Ethereum network (micro-raiden, funfairs fate channels, spankchains state channels, etc). Many Ethereum projects will be going live in 2018. Some of these projects will be duds...especially where success means creating a new market or new customer behavior. Those plays are high reward if they work, but very low percentage chance of gaining traction. But I think there are many other projects that are more mundane, but have a high likelihood of creating non-speculative use of the Ethereum network. I think of Continue reading >>

A Re-evaluation Of Ethereum As Long Term Investment (versus New Market Entrants) : Ethtrader

A Re-evaluation Of Ethereum As Long Term Investment (versus New Market Entrants) : Ethtrader

Note: I posted a version of this elsewhere today, but felt the readers of this sub should see it. TL;DR: I still remain very bullish on Ethereum as a long term hold, despite the many alternatives which are popping up. That being said, some of them may experience even greater returns than ETH over the next 1 to 2 years (due to smaller starting marketcap), but most likely with substantial added risk. As I do with any investment, I periodically revisit an investment's value proposition to see if it still comports with my initial thesis. I also try to take an outside look at competitive investments to help me evaluate if my thesis is still valid. I mention EOS several times in this analysis, since it is being talked about as the main competitor to Ethereum. There is no doubt that "competition" in this space has increased substantially in the past year. I put this in quotes because I believe the eventual demand for smart contract platforms will be so strong that it is highly likely that multiple platforms will be successful. However, I still believe ETH is the best positioned for the near and mid-term. The most important point for me is that ETH has the first mover advantage for smart contracts, and I would say it has even started to enter the zeitgeist in a way that only BTC has done so far. Increasingly, I hear more and more people who only used to know about BTC who now also know about ETH. Some have bought already, and many are considering it. The development team remains top notch, and I believe Vitalik is probably the most talented individual in the space- with an ability not just for managing the technical aspects that come with blockchain development and sustainment, but also the political ones. No other developer, including Dan Larimer from EOS, comes close to the Continue reading >>

Sec Warns Investors As Price Of Bitcoin, Ethereum, Litecoin Soars - Cbs News

Sec Warns Investors As Price Of Bitcoin, Ethereum, Litecoin Soars - Cbs News

Online traffic to the Chicago Board Options Exchange's website is surging , mirroring the growing public interest in bitcoin and the digital currency's skyrocketing price. The price of January bitcoin futures, which the exchange started trading this weekend , fell $245, or 1.3 percent, on Tuesday to $18,300, highlighting the cryptocurrency's extreme volatility. Such contracts let investors speculate on bitcoin by allowing them to lock in a price to sell the agreement at a future date. Bitcoin's price has soared more than 1,600 percent in 2017, and as of early afternoon was at $17,285, according to Coindesk. Other digital currencies have seen an even bigger jump in price. Ethereum has risen more than 6,100 percent this year to $636.49, while Litecoin has soared more than 9,000 percent. A growing number of companies also are raising funds through "initial coin offerings," or ICOs, complete with celebrity endorsements ranging from boxing legend Floyd Mayweather to Hollywood star Jamie Foxx . The startling run-up in prices for cryptocurrencies, which remain largely unregulated, has the Securities and Exchange Commission on its guard. The agency's chairman, Jay Clayton, is advising potential investors on to exercise caution. "Investors should understand that to date no initial coin offerings have been registered with the SEC," he said in a statement Monday on the agency's website. "The SEC also has not to date approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies." "If any person today tells you otherwise, be especially wary," Clayton added. Anyone thinking of investing in an ICO or buying digital currency should ask a number of questions, according to the SEC. These include: Continue reading >>

I Just Lost $3,000 Investing In Ripple (and Tron), And It's A Dangerous Feeling

I Just Lost $3,000 Investing In Ripple (and Tron), And It's A Dangerous Feeling

I Just Lost $3,000 Investing In Ripple (And Tron), And It's A Dangerous Feeling I write about video games and technology. Opinions expressed by Forbes Contributors are their own. It turns out I didn't have $3,000 after all. There was a moment, the other week when it felt like I did, and I wrote about it here . I had made the plunge into cryptocurrency after much hemming, a deal of hawing and a couple of agonizing days watching the price fluctuate as Coinbase chugged my USD into ETH. My first bet on Ripple (XRP) paid off handsomely, though not so handsomely as it would have had I been able to buy it when I wanted to. A subsequent bet on Tron (TRX), worked out even better, and for a moment it even seemed like I had been able to staunch the bleed off of a Ripple peak by moving those coins into Tron -- a successful trade from the successful investor, clearly. You can see where this is going. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Prices collapsed, both across the board but moreso for my coins in particular. The Coinbase coins -- Bitcoin, Ethereum, BitcoinCash and Litecoin -- haven't been hit as hard as the smaller coins, and Ethereum, in particular, is still up overall. But the altcoins are getting hammered, and where there once was money now there is not. Perhaps there never was. The reasons are various: South Korea is considering getting aggressive about regulating cryptocurrencies, and the entire market is suffering as a result. South Korean traders, for a time, seemed to be responsible for the atmospheric rise in Ripple, after all. And then there are the cracks: Ripple is a promising idea for transferring funds, but the reality o Continue reading >>

Is It To Too Late To Make Profit From Investing In Eth : Ethtrader

Is It To Too Late To Make Profit From Investing In Eth : Ethtrader

Welcome to /r/EthTrader , a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology. New to Ethereum? Read our FAQ .For the discussion of tech and application development using Ethereum, go to the official sub at /r/ethereum . Read our rules before posting. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy . User flairs or tokens in the ticker are not an endorsement. Please use due diligence when choosing an investment. Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Public Mod Logs | News Timeline | Education | Comments You can correct innacurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>

25+ Answers - Is Ethereum A Good Investment? - Quora

25+ Answers - Is Ethereum A Good Investment? - Quora

Heres my answer on my daily news channel AllCoinsConsidered That answer is top secret. Its classified. Its on a need to know basis. There is one way that you could catch a glimpse. Its an old trick my dad taught me. Now this answer may sound cheeky, like Im blowing hot air through a windpipe, so give me a chance to say It sounds like you are looking for someone to give you a hard and fast answer. Youre searching for that one definitive voice to say YES or NO because right now there are a tremendous number of opinions out there. Conflicting opinions. Confusing opinions. Incredibly intelligent investors are shouting: Ethereum is the way of the future! It will revolutionize finance! Other investors, just as incredibly intelligent, are shouting: Ethereum is in a bubble! Its a fad that will crash! Then there are myriad articles to consider. Also conflicting. Ethereum is doing for money what the internet did for knowledge. Money (and ownership of something) will be secure, transparent, and easily and quickly transferable across nations. Ethereum is like the internet in the mid 1990s. Better jump on and ride the ups and downs to glory. After August 1st, Bitcoin will be on the path to do what Ethereum is doing. Bitcoin will eat Ethereum alive. Ethereum experiences hacks on an almost monthly basis. Watch out, youll either get your money stolen by hackers or lost forever from a coding error on an exchange. What do you do? When will Ethereum be safe to invest in? Cant someone just give me a straightforward answer? Go to Coinbase and log inor if you dont have an account then create one: Coinbase Go to Ethereum. Press the Buy button. Put in how much you want to buy. Rummage around in your change drawer. Find a quarter. One thats worn out and has lots of character. Now assign an out Continue reading >>

Crypto Chatter On Reddit Is Up 930% This Year. So... Is This The Top?

Crypto Chatter On Reddit Is Up 930% This Year. So... Is This The Top?

Crypto chatter on Reddit is up 930% this year. So... is THIS the top? The biggest bitcoin group on Reddit is adding 1,300 new subscribers a day. Thats not even the most impressive stat 24 days ago = 300,000 subscribers. Today = 329,700 subscribers. So boasted a post this week on the largest Reddit forum about bitcoin, touting the groups substantial growth recently. As the price of bitcoin BTCUSD, -2.33% and other cryptocurrencies has skyrocketed this year, there has been an explosion of crypto-related activity on Reddit. On average, interactions on the major crypto subreddits are up 930% this year, according to a MarketWatch analysis of data from CrowdTangle. On the largest bitcoin forum, subscribers are up 66% in 2017 to more than 331,000, and the total number of interactions in August (defined as comments and upvotes) was up 315% from January. That closely parallels the rise in the price of bitcoin, which is up about 285% year-to-date. Related: Bitcoin rises, so people Google bitcoin, so then bitcoin rises, so then people Google... August was particularly dramatic for the forum perhaps no surprise given the drama-filled news coming out of the crypto world over the past two months. The main bitcoin forums moderators confirmed that theyve seen an average rate of 1,300 new users per day recently, and that they logged a big bump in page views in August up 59% from the previous month (compared with a 16% monthly increase from June to July). According to the groups moderators, the day of the month with the highest traffic was Aug. 1, the day of BIP148 activation. It was also the day of the launch of Bitcoin Cash, which marked a split in the cryptocurrency. That day saw more than 1.5 million views, more than twice the groups average, and the most views since the collapse of Continue reading >>

Reddit: The Front Page Of The Internet

Reddit: The Front Page Of The Internet

I'm interested in investing in Ethereum. I haven't invested in crypto before. I apologise for the cringey questions: I have purchased a ledger nano s. I understand I go to places I can buy ethereum and I can transfer them to my hardware wallet. Is it a simple matter of purchasing on that site, having ethereum hit my wallet on that site, then sending that to my hardware wallet address? Is there anything I'm missing? I understand there is ETH and ETC. I'd be interested in ETH. I know that Ethereum is more the network and Ether is more the transactional "fuel" used on that network. Am I right in thinking I am actually investing in Ether and not Ethereum? Please someone clear this up for me. I can't seem to find a clear answer. If that's the case, can I invest in the network rather than the "fuel"? I suppose as the network grows there will be more of a demand in the fuel anyway. I have about 500 to play with at the moment, with about a 100-200 monthly budget for risky investments going forward (I have more monthly budget for low cost index funds. It's very unlikely going forward my risky investment fund will be just Ethereum). How would you invest considering the current price. Whack the 500 as an initial investment and invest under the dollar cost averaging principle going forward? Allocate a yearly investment budget to follow dollar cost averaging and let that number divided by 12 dictate my initial and subsequent monthly investments? Any help would be appreciated. Thank you. Continue reading >>

Is It Too Late To Invest In Eth? : Ethtrader

Is It Too Late To Invest In Eth? : Ethtrader

Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Mod Logs | Vote Tracking | News Timeline | Education | Comments RECDAO is a meta-community that seeks to provide Ethereum-based tools for improving how we use Reddit. Pre-register and then register your Reddit username on the Ethereum blockchain, vote in the dao, and be awarded community tokens based on your karma in community subs. Please see the FAQ for more details. TECHNICAL ANALYSIS FUNDAMENTAL ANALYSIS DISCUSSIONS DAPP DISCUSSIONS NEWS DAPP NEWS SCAMS WARNINGS TOKEN WARNINGS SECURITY RELEASE DAPP RELEASE EXCHANGES ADOPTION DAPP ADOPTION SENTIMENT STRATEGY METRICS MINING EDUCATIONAL MEDIA LEGACY DAPP ERC20 TOKEN AUGUR ALTETH ALTCOINS COMEDY SUPPORT TOOL You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. All flair names are capitalized, e.g. use [AutoMod] EXCHANGE instead of [AutoMod] Exchange. Two word flairs require a hyphen in between them. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>

Beginner's Guide To Ico Investing: How To Participate In Icos

Beginner's Guide To Ico Investing: How To Participate In Icos

Beginner's Guide to ICO Investing: How to Participate in ICOs Welcome to the world of ICOs By Aziz, Founder of Master the Crypto No responses A beginners guide to ICO investing. This guide is an introduction to ICO investing and the steps to look out for when investing in an ICO. Up till July of 2017, the total dollar amount raised in Initial Coin Offerings (ICO) was a staggering USD$1,252,676,352. Thats over a billion dollars raised within a span of 7 months. With a total market capitalization of over USD$100 billion, the cryptocurrency market has attracted the attention of many, from traders wanting to make a quick buck to experts that are concerned with its lack of transparency. (See also: Guide to Common Crypto Terms ) Total Capital Raised from ICOs in the first 7 months of 2017 An initial coin offering (ICO) is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development. There are currently more than 1,000 coins available on different exchanges, with hundreds more in the process of being listed on exchanges. Its important to understand that not all cryptocurrencies have their own blockchain, as most are issued on top of another Blockchain. A good example is ERC-20 tokens , which represents a standard of interoperability within the Ethereum Blockchain. Ethereum is a general purpose blockchain where different tokens can be issued on top of its blockchain without creating their own infrastructure. For a more detailed understanding, have a look at Coins, Tokens & Altcoins: Whats the Difference? Democratization: Allow projects to circumvent the traditional method of asking Banks/Venture Capitalists that may take a lot of time and resources. Anyone can invest and can earn the possibly huge returns just like how the big boys Continue reading >>

5tips For Finding The Next Bitcoin, Ethereum And Ripple

5tips For Finding The Next Bitcoin, Ethereum And Ripple

5Tips For Finding The Next Bitcoin, Ethereum And Ripple Opinions expressed by Forbes Contributors are their own. Bitcoin, Ehereum, Ripple, Litecoin and a few other high visible cryptocurrencies have made early investors very rich, very quickly. And they could make many more investors rich, provided that they continue to rise at the recent feverish pace that parallels big lottery Jackpots. But thats unlikely, as these investments cannot defy the numbers game. This means thatwould-berich investors must look for the next lucky coin elsewhere on the cryptocurrency list, while the hype for the digital currencies lasts. Source: Coinmarketcap.com, Saturday, January 13, 2018, 10:30 a.m. Still,picking up the next winners in the cryptocurrency space is a very difficult thing for a couple of reasons. One of them is that there are more than 1,000 cryptocurrencies to choose from 1,426 to be precise. Another reason is that there are no fundamental metrics to appraise the intrinsic value of each coin, as is the case with conventional assets.The only thing available isa site with a promise the coin holds to change the capitalist world, should itbeadopted to replace national currencies in day-to-day transactions. Heres a quote from Eric Pichet, a KEDGE professor, regarding the fundamentals of Bitcoin, which applies to other cryptocurrencies:Bitcoin has some of the attributes of a headless currency.Nevertheless, it has no intrinsic value not even as a collector's item because it is intangible,"emphasizes Eric Pichet."Nor is it a financial asset like a stock or bond because it has no returns. Its only investment value lies in the possibility of appreciation bestowed on it by those who hold it: it is an asset with no underlying." [Ed note: Investing in cryptocoins or tokens is highly spec Continue reading >>

I Just Made $3000 Investing In Ripple, And It's A Dangerous Feeling

I Just Made $3000 Investing In Ripple, And It's A Dangerous Feeling

I Just Made $3000 Investing In Ripple, And It's A Dangerous Feeling I write about video games and technology. Opinions expressed by Forbes Contributors are their own. The other week, gripped by Fear Of Missing Out (FOMO)and the tantalizing feeling that I could still become super rich if I were to only stop equivocating and make a bet, I bought some cryptocurrency. It felt like millionaires were being minted overnight, and that I could no longer afford not to be one, to be stuck working at a job like a sucker. This was mid-December, when Bitcoin was still rocketing up and nobody really knew what to do with it. I had missed the Bitcoin boat, that much was clear, but like so many others I was determined not to miss the next one. Armed with just enough information to be dangerous, Idownloaded Coinbase -- the noob's choice. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] I noticed Litecoin, which had yet to make the sort of leap that Bitcoin had already made. But I was busy that day and didn't get around to it -- Litecoin went from $90 to north of $300 in an instant, another boat missed another bout of FOMO. Determined not to be left behind again, I bit the bullet and made a small bet on Ethereum, and just like that, it doubled too. From one perspective, I was happy -- money for nothing. From another, psychologically powerful perspective, I was frustrated. I didn't see the money I made, I once again saw the money I had missed by not making a much larger bet -- gamblers out there might recognize this feeling. I pressed on, convincing myself I knew what I was doing. From there, so-called "altcoins" seemed the obvious choice. Bitcoin was doing we Continue reading >>

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