WYP
News Guru
These new rules are designed to prevent money laundering and the funding of terrorist organisations.
Read more on the UK/EU's plans to regulate Bitcoin.
Read more on the UK/EU's plans to regulate Bitcoin.
The UK is preparing to legislate Bitcoin and other cryptocurrencies
- Thread starter WYP
- Start date
NeverBackDown
AMD Enthusiast
I can foresee the etherum stock skyrocketing yet again very soon.
Legacy-ZA
New member
How so? Ethereum is also labeled as a Crytocurrency, it's not just going to be Bitcoin as I understand it.
AverageNinja
Average Penis Too
I'd put my money on IOTA at the moment. Bought a few yesterday right before the surge. Gonna buy some more tonight. This currency has potentially infinite scalability without transaction fees, so it has the potential to become 'the next bitcoin'.
Of course, trading cryptocurrency is quite risky, so only invest money you're prepared to lose, and as soon as you buy cryptocurrency, consider your money to be gone.
NeverBackDown
AMD Enthusiast
How so? Ethereum is also labeled as a Crytocurrency, it's not just going to be Bitcoin as I understand it.
Bitcoin is different than Ethereum. Bitcoin is ASIC based. It's more prone to false coins/hacked coins. So while they both are crypto currencies ETH is far more suitable as a whole for an actual currency.
Eh it's all gonna fail soon I think. Everybody is in it for the quick cash but you only get the quick cash if you've been in it from the start since you get all the bonuses. Once they exhaust ETH they will move on to the next big one. It'll keep happening until they are all exhausted and only the 1% will actually make it big. None of it has value outside what people perceive it to be which is why the stocks are so volatile.
AverageNinja
Average Penis Too
Oh yeah for sure, the value cryptocurrency of are all between our ears, and it's a gamble. But I'm pretty optimistic for Iota, if only because of the recent partnership with Microsoft and other huge tech companies. But again, I'm prepared to lose my money.
SPS
Moderator
AverageNinja
Average Penis Too
I bought mine at Binance, but Bitfinex also sells them (in fact, some people are selling millions of them at relatively low prices, so you might want to buy them there). You'll have to buy IOTA with bitcoins (or Ethereum) though, so you'll first have to buy those. I bought mine at AnyCoinDirect. Just send them to your exchange wallet and you'll be able to buy.
There are some whispers of a market correction since it's been increasing so rapidly, though, so if you buy right now you might be at a short-term loss. There's a good chance that it'll pick back up, though. There's a lot of interesting stuff on the horizon, including a decentralized coordinator and a new, safer type of wallet. Then again it might not be corrected at all and just keep rising. Again, just be sure to only invest money you are prepared to lose.
Last edited:
NeverBackDown
AMD Enthusiast
https://www.investopedia.com/articl...oin-vs-ethereum-driven-different-purposes.asp
Doesn't answer your question but it talks about what I said earlier.
The main difference is that Bitcoin is ASIC run and Ether is algorithm run.
ASIC can be infiltrated more easily and is less secure as a blockchain technology vs Ether. In Ether the algotithm is much more robust and advanced.So Bitcoin is predictable whereas Ether's algorithm is not for each block. A while back there were many reports about Bitcoin being hacked and tokens were stolen and was a massive amount of money. Ether doesn't have that problem. Or at least not yet since it's much harder to crack.
SPS
Moderator
Think you're misinformed. Bitcoin could just change the algo and render ASIC cards useless. They can't be predicted, they have to recreate the blockchain history before a transaction is included in the next block in order to spoof it.
SPS
Moderator
You have to pay capital gains tax on all profit from Bitcoin now, so I'm not sure what you mean.
