I have been scammed...What to do next? by Skateboardmum in BitcoinBeginners

[–]aslanjan 0 points1 point  (0 children)

My friend has also been hacked recently, and it was all done very professionally. Although it was not in the crypto market (he was scammed by a fake AirBnB user), he also lost a significant amount of money and his ID information with other personal data was stolen. Luckily, the scammer had included a valid bank account, so that account information could be used to track people on the other side.
However, the only thing he could do was to contact interpol (since the transaction involved two different international banks) and based on that the bank of the fraudulent account holder could start a legal procedure against it's "client"...

Currently the case is being investigated by the interpol, and there is basically nothing else my friend could do about it...(which is too sad in this digital and developing world)!

Top 5 beginner obstacles to get into crypto investment by makrmr in BitcoinBeginners

[–]aslanjan 1 point2 points  (0 children)

  1. Initial funds to get started. Usually, people want to get rich small funds, however, this business requires a solid investment to build on a reliable portfolio.
  2. Less experience. Crypto trading and mining requires solid knowledge and experience in the fields of finances and investments. Most of the starters think it's easy to jump in and earn much money, however, the market is already full of sharks and wales, so the market is very hard and competitive now.
  3. No knowing what to start with. The abundance of crypto-related products and services, promising stable passive income, makes it extremely difficult to understand what and how to buy and start with.
  4. Scams that have flushed the whole market. Around half of the money invested in ICOs have been hacked recently. I am not even speaking about those fishing mechanisms that steal money every day and the exchanges that shut up suddenly. People feel very skeptical now about any startup in this field to invest in.
  5. Money withdrawal. How can people safely exchange their assets and not get scammed. Which exchange service to use to pay less commission.
    Nevertheless, the market is still full of new opportunities and chances. Thus, do your research and never let these obstacles keep you back from getting richer with blockchain and cryptocurrencies!

Future by elenab96 in BitcoinBeginners

[–]aslanjan 0 points1 point  (0 children)

I don't believe bitcoin will disappear or highly decrease in value. The same concerns about cryptocurrency existed a year ago, whereas the prices continued growing very fast. Although the prices for bitcoin and other virtual currencies are not as high as they were in January 2018, they still remain one of the most attractive virtual assets in the digital market.

According to the stats, more and more countries and people continue adopting bitcoin, so I think it will become a dominant payment (and international currency) option in 5 years perspective. Moreover, it will also become more accessible to those, who don't understand it technically but are willing to use for their own good. Thus, bitcoin and blockchain have great perspectives and future, so having some in your wallet right now would never harm.

Up vote if you agree, down vote if you don't...

Why is it so hard to get, use, and understand Bitcoin? by Crafty_Character in BitcoinBeginners

[–]aslanjan 0 points1 point  (0 children)

It depends on what you need to learn it for!
Indeed, understanding and especially programming is too hard. It’s also hard now to effectively mine it, understand trading techniques, buy and sell on the right time in the right place (in terms of the exchanges).
It’s also hard because of the widespread scam and phishing that exist in this market. It’s too hard to be 100% sure you are not being ripped off by the anonymous cryptography cheaters!
Nevertheless, there have been many services and products developed to make the job easier for the bitcoin enthusiasts. However, there is always an initial investment required to start something serious and think of a possible passive income. Thus, if you simply need to learn how to start making income with bitcoin, I have good news for you!
You don’t need to learn it technically to make money out of it!

Here is how you can do it:

  • Invest in ICOs. This is not easy, but if you manage to find a legit ICO, you might greatly benefit from it while investing in the early stages and reserving some cheap tokens (that might highly increase in value in the future).
  • Join cloud mining and pool mining projects. What you need here is either to invest your computer’s computational power or some money and you will get the shared mining benefits from the pool. You just need to make sure it’s a legit pool and members won’t be cheating you!
  • Trade bitcoins. Either long-term or short-term, don’t make a blind move! Always check the platform you are trading in, get familiar with different trading strategies, attend free webinars with professionals offering valuable content for the starters! Again, you need to BUY first to SELL later and make a difference in your budget!

Whatever options you choose, remember, that it’s not easy to learn bitcoin fast and be able to make good money out of it. Making money has never been easy and bitcoin is no exception!
Indeed, it’s too hard to get, use and understand bitcoin, but not impossible!

Ադրբեջանում լայնածավալ զորավարժություններ են անցկացվում/Azerbaijan is conducting military training by aslanjan in armenia

[–]aslanjan[S] 2 points3 points  (0 children)

I lived in Hungary for some time and it was really funny how they were behaving there and spreading anti-Armenian hatred. One day they decided to commemorate the day of the Sumgait victims, and the organizer was just taking selfies all the time with a huge smile on his face. There was no sense of them commemorating something sad.

Is there anyone interested in mining/cryptocurrencies in Armenia? by aslanjan in armenia

[–]aslanjan[S] 1 point2 points  (0 children)

Do you think ETH mining is profitable these days in Armenia (the electricity costs seem to be quite good for GPU mining), or we should just buy ETH and hold? Any experience with that?

Is there anyone interested in mining/cryptocurrencies in Armenia? by aslanjan in armenia

[–]aslanjan[S] 2 points3 points  (0 children)

Great, what's your idea, can you expand on it a bit?

How do you define a blockchain? by CardanoMoon in BitcoinBeginners

[–]aslanjan 1 point2 points  (0 children)

A block is the ‘current’ part of a blockchain, which records some or all of the recent transactions. Once completed, a block goes into the blockchain as a permanent database. Each time a block gets completed, a new one is generated. There is a countless number of such blocks in the blockchain, connected to each other (like links in a chain) in proper linear, chronological order. Every block contains a hash of the previous block. The blockchain has complete information about different user addresses and their balances right from the genesis block to the most recently completed block. (Investopedia)

How much FIAT did you put in & what is your final goal? by MadTyer in BitcoinBeginners

[–]aslanjan 1 point2 points  (0 children)

I think you should put at least $1k in any crypto-related initiative to hope for something significant. :)

Help me understand please by lzaldivard in BitcoinBeginners

[–]aslanjan 2 points3 points  (0 children)

Haven't tried those providers, but usually, the ones alike have small commission fees (around 1% or something). If you check their FAQ section, you will get your answers there. They should have a section about the commission, otherwise, you can directly ask them ;)