|
I guess I have around 30 wallets in use right now, of which around 20 wallets are to store my cold wallet coins. I like to spread my coins into plenty of addresses to make it difficult for any one to know how much coins I exactly have. That's the main reason.
|
|
|
|
|
Never. As long as we have the current shitty exchanges, we won't see the manipulation rates even drop 1%. In order to achieve a more stable price, we need to have one global orderbook just like for example the Nasdaq. That's when we will start to see the difference. If nothing happens and we keep the current exchanges, absolutely nothing will change.
|
|
|
|
LOL, definitely not 15 years. Maybe 50 years. The whole economy would crash if bitcoins replace dollars.
In 50 years also, a absolute replacement is not possible as each and every transactions needs to be done on bitcoin ecosystem or crypto-currency systems. So, even bitcoin goes into main stream, replacing dollars completely is not a viable as per day to day transactions. Why are so many people desperately focussing on Bitcoin replacing the US dollar? It won't happen. Bitcoin and fiat currencies can perfectly co-exist alongside each other and can even benefit from each others existence. The US dollar will survive everything you throw at it as the US government can easily create thousands of billions out of thin air. |
|
|
|
well, my paypal account ever been hacked, and paypal refund my money,
my bitcoin wallet ever hacked, and i loss, huft
If your Bitcoin wallet gets hacked and they manage to steal your coins, then it's your fault. Bitcoin is money, there are a lot hacker thiefs looking for your money. You won't leave $10,000 in paper money open on your table in your living room, right? Don't make it easy for them. Properly secure your wallet files with a very strong passphrase. You can even decide to encrypt your cold wallet backups to get an even better level of security. If your computer gets infected with a virus, and a hacker gains control over your computer, then the hacker has no chance in getting access to your coins. No matter how small the amount of coins in your wallets are, never leave a wallet open without a password set. |
|
|
|
This december i think the price of the bitcoin will jump and reach $500 on this month.
because it's nearly christmas and i think some people sell/exchange his/her bitcoins to use it in christmas.
What do you think guys?
Don't think it's that likely to happen within this month. I do however think we will go over $400 again this month. People who haven't bought yet, they must do it now, before it's over $400. Christmas is comming closer, I only don't think that many people will sell their coins in order to create them a bit extra free fiat for buying gifts and such for the holidays, as many of them already have enough cash, so they are not in need of converting BTC into fiat. People also said that once Bitcoin black friday is over, a huge dump will follow. So far nothing has happened one week later. |
|
|
|
Those, who bought when I posted the buy signal, must have made more than 50% profit in a month  Do you any advice for the near future price action? I think the price will stay here for the next few weeks. There are people desperately hoping the price won't go over $400 as they are waiting for paycheck to post at the end of the month. As long as it stays at these price levels, people have the chance to accumulate more coins at sub $400 levels. I do however think we won't stay below $400 for longer than a month from now. |
|
|
|
I like the rule, you should start with salary for 1 month!!!
if you lose money is not much impact on your life.
I have never heard of this rule before. And that's probably because it's nonsense. People should simply invest what they can afford, and what they surely know they don't need the comming years. For you it might be $1000 and for the other it's just $100, even when his salary is around $900 or more. |
|
|
|
I would buy the top 5 altcoins, like Ethereum, BTS, Monero, NXT, Ripple due to that they are all under value. Ppl are dumping altcoins. It is tiime to buy them now.
OP needs to gain money, and not lose money. Gambling away money on altcoins just because they went down significantly, isn't a good way of making money. How low an altcoin have been going, it will always go lower and lower. |
|
|
|
Advantages: If the price reaches $1300, then there is strong momentum and it will probably go much higher.
If the price doesn't reach $1300, then bitcoin failed or something seriously went wrong. You will save yourself a lot of time and money.
Disadvantages: You miss the gains from 350 to 1300
Great advice! For a troll... Do you seriously expect even the worst newbie noob to believe in your meaningless nonsense? |
|
|
|
Saving BTC is another form of gambling with bitcoins , in year 2013 some people bought BTC at 990$ and thought that would rise rise and rise but it fall from then and have not reached near to that till now , if they would had sold then at 1000$ they they ould had made some profit but they thought that BTC gonna be high in future.
I am not saying that holding bitcoin is a bad idea but i am saying use your wit and buy/sell them from time to time.
Really bought some bitcoins with that price ($900). Yeah buying some bitcoins and hold it. Is better to just buy when bitcoin is cheap. So that you can't lose so much money. Hahaha and yeah bitcoins is like gambling, but with this you highly win more money with it than the real gambling  Bitcoin isn't like gambling. The way people invest in Bitcoin can be considered gambling. It has all to do with the people being fault here, and not Bitcoin. All investments have a certain risk, but if you invest wisely in Bitcoin, then the risk is very minimal, and you'll make a decent profit. People are stupid if they buy at a peak and think it will go even higher. They are chasing quick not realistic profits. Don't blame Bitcoin for that. Blame the people. Bitcoin can be seen as a gamble. It's a chance you take investing into bitcoin just like you're betting on something and taking a chance of winning or losing. Same with bitcoin, you win or you lose. Investing in Bitcoin can indeed be seen as gambling if people start yolo buying and hoping for insane returns. That's gambling. If you do your research and see that Bitcoin is something that has the potential to change the financial industry, then you will see how low the risk is if you buy at the current price, and hold your coins for the very longterm. The only thing you need to have is patience. This is a smart investment, and not gambling. |
|
|
|
|
Whatever exchange you use, and no matter how trusted it is. Never leave any of your coins in your exchange account, unless you are actively trading. If you're not trading, then send it to your offline wallet, and securely store the wallet file in a USB stick. You can even encrypt the wallet file before saving to your USB stick, if you so wish.
|
|
|
|
Well, what's the main use of bitcoin at the moment? Online stuff--dark and clear markets. In the community where an ATM would be, cash is king not bitcoin and so they're just not necessary.
Whoever it was who said bitcoin is a solution in search of a problem was right. Still, I'd use a bitcoin ATM if I could find one and if the fees were fair.
If a certain Bitcoin related startup is smart, it could launch a competitor for Western Union. By placing a lot ATMs around the world in well known stores and supermarkets, you can send a person an x amount in Bitcoin, and he or she can directly convert it to cash if they so wish at one of these ATMs. That would be a killer idea and a real threat to Western Union. The only problem would be the amount that you can turn into cash. At this point the policies that many countries are using regarding Bitcoin are a huge mess at this point, and they are constantly changing. And I am sure the media will jump on it and say it will be used by criminals, etc.  |
|
|
|
|
It wasn't available a few days ago when it was Bitcoin black friday. I guess some one didn't have any money left on their account to renew the domain, and thus it was available again. These kind of domains barely have real value unless you have the bitcoin .market .casino .exchange ,etc.
|
|
|
|
There is currently no need for a BIP 101 implementation as the 8MB blocksize is way too high and will lead to a dramatic-unnecessary increase of the blockchain size. The majority of the pools don't want the 8MB increase, isn't that enough reason to stop this nonsense?
Either way, the Core devs should come with a solution and that must be quick. This is not good for the community and the image of Bitcoin. I hope there will be a change to 2MB blocks as that is an appropriate midway solution to keep the people happy. Blocks are not set at a given size, it is an 8MB maximum. There will not magically be a huge number of 8MB blocks just because the maximum is raised. Satoshi designed bitcoin without a maximum block size at all. If it is unneeded, then blocks will remain below 1MB and it won't even matter. When it is needed, the network will be ready for it instead of having this battle again when the 2MB boundary is getting pushed. Making blocks 8MB as an attack would be incredibly expensive, just like most other attacks that don't happen IRL due to their cost. Quite frankly, it seems obvious to me that the majority of anti-BIP101 users are running on fears propagated by a few people and groups who believe they can make more money if block sizes are kept lower (either by higher mining fees [vs more mining fees in bigger blocks] or by fees in their off-chain "solution" to the "problem"). IOW, the lack of 8 MB blocks and ongoing battle against them is as disgusting as the corporate politics in most "civilized" countries. I do agree that it will have an impact on those who are trying to spam Bitcoin with massive amounts of shitty dust transactions. And it surely will make Bitcoin more future proof, but this whole discussion / keyboard fighting is splitting the community in 2 parts and will cause severe damage if there isn't a solution where both sides are happy with. Pools are maestro, and the majority of them clearly don't want BIP 101. Why isn't it a better idea to raise the blocksize to 2MB for now, and then increase it with 1MB per year to keep up with the natural growth of Bitcoin? Assuming they are accurate, some of the facts discussed here may be helpful: https://bitcointalk.org/index.php?topic=1273567.0There are also opinions and perceived risks involved. For instance, if the block size is increased 2MB for now and then 1MB per year, when should that stop? What if the 1 MB / year outruns technology and we have to have another hard fork to discontinue it because we guessed wrong? Is there even a proposal available to instigate that hard fork? If we just hard fork to 2MB, then we will inevitably need to hard fork again (this may be argued for 8MB as well, but only on a much larger time table). That's definitely a good point you have there. However, the BIP 101 will double from 8MB to 16MB after just two years. Which is even worse than the 1MB per year growth. One thing is for sure, this will probably not be solved within a reasonable amount of months. It will only cause more people to split up and join the BIP 101 or BIP 100 side. I hope the devs will find a good mid way solution that will end this discussion. |
|
|
|
in countries like ukraine, afrika and lets call it 3rd world countries, bitcoin project could make huge success. Theres no good banking system and Bitcoin give great alternative and make it possible to join to global economy
I wouldn't call Ukraine a third world country. Beside that, the banking systems are working fine in Ukraine and African countries. The problem there is that the poorest people have for whatever reason no chance/possibility of creating a bank account. That's why Bitcoin is a great welcome for them, that I agree with you. However, in the poorest African countries, the main problem is that they don't have access to the internet. Most of them don't even have a device/smartphone that will allow them to visit the web. As long as that doesn't change, then even Bitcoin can't be an alternative for them. They will simply continue with using cash money to pay everything in their daily life. |
|
|
|
Saving BTC is another form of gambling with bitcoins , in year 2013 some people bought BTC at 990$ and thought that would rise rise and rise but it fall from then and have not reached near to that till now , if they would had sold then at 1000$ they they ould had made some profit but they thought that BTC gonna be high in future.
I am not saying that holding bitcoin is a bad idea but i am saying use your wit and buy/sell them from time to time.
Really bought some bitcoins with that price ($900). Yeah buying some bitcoins and hold it. Is better to just buy when bitcoin is cheap. So that you can't lose so much money. Hahaha and yeah bitcoins is like gambling, but with this you highly win more money with it than the real gambling Bitcoin isn't like gambling. The way people invest in Bitcoin can be considered gambling. It has all to do with the people being fault here, and not Bitcoin. All investments have a certain risk, but if you invest wisely in Bitcoin, then the risk is very minimal, and you'll make a decent profit. People are stupid if they buy at a peak and think it will go even higher. They are chasing quick not realistic profits. Don't blame Bitcoin for that. Blame the people. They invest in it because they think they can make a quick profit and are not in it for the long term. I think bitcoin is only good to invest into if you're going to be in it for a long time and not just for a second. It depends. If you want to realize a stable growth profit over a longer period of time, then it's the least risky and most suitable way of investing. However, if you are willing to take more risk and investing for the very short term and do daytrading, then you must accept that this investment method has way more risk involved. If you have the experience and know how the market works, then you can make a good profit in a matter of weeks. People who simply don't have experience with anything that has to do with trading, and hope to make a quick profit in a very short time, they can be considered gamblers. These are the sort of people who will end up making losses and blame Bitcoin for anything they did wrong. |
|
|
|
|
OP; The block halving will work out very well. Nothing bad will happen, don't worry. This is what gives more value to Bitcoin as currency. Worthless fiat currencies only get more worthless year after year as the governments are creating non existing money like there is no tomorrow. Bitcoin is supposed to bring a change, and that is what the halving will take care of. No more worthless creation of currency.
|
|
|
|
It could go both ways now, if you are a believer and see all those good news racking up, you will think it's going up. If you are a hater for some reason, nothing will change your mind and you will think it will go down because goverments will crush and whatnot. What im trying to say is, we can't really know what's going to happen for certain. Personally, I think it is incredibly obvious right now that everyone is waiting to see what the next guy is doing about Bitcoin because they still don't get it.
I think people too much focus on the news. Bitcoin, if it is to go anywhere, needs fundamental developments to further increase the adoption and that is the only way to have a healthy next leg up. Otherwise, we are talking about speculation pump and dump, which if repeats frequently may kill the idea in the long run. The current exchanges allow it to be used for pump and dump activities. If we had 1 global exchange with 1 orderbook, just like for example the Nasdaq. That will make it much harder for people to manipulate the price. Right now there are plenty of orderbooks which of most of them are a joke. |
|
|
|
|
It depends if you plan to invest for the short term, or if you plan to invest for the long term. If you do want to hold your coins for a long period of time, then I will advice you to buy now and hold. If you want a short term investment, then I simply don't know the answer. At this point the price can go up and down. I can see the price make an attempt to $380-$390, but it's also possible that we see the price go to the $320-$330 range.
|
|
|
|
Saving BTC is another form of gambling with bitcoins , in year 2013 some people bought BTC at 990$ and thought that would rise rise and rise but it fall from then and have not reached near to that till now , if they would had sold then at 1000$ they they ould had made some profit but they thought that BTC gonna be high in future.
I am not saying that holding bitcoin is a bad idea but i am saying use your wit and buy/sell them from time to time.
Really bought some bitcoins with that price ($900). Yeah buying some bitcoins and hold it. Is better to just buy when bitcoin is cheap. So that you can't lose so much money. Hahaha and yeah bitcoins is like gambling, but with this you highly win more money with it than the real gambling Bitcoin isn't like gambling. The way people invest in Bitcoin can be considered gambling. It has all to do with the people being fault here, and not Bitcoin. All investments have a certain risk, but if you invest wisely in Bitcoin, then the risk is very minimal, and you'll make a decent profit. People are stupid if they buy at a peak and think it will go even higher. They are chasing quick not realistic profits. Don't blame Bitcoin for that. Blame the people. |
|
|
|
|
Show Posts
