Confusion and impending doom is the best time to get into anything, but only if it comes out the other side stronger. Only you can decide whether you can stomach that risk.
This is what makes money, I guess if the herd could deal with the "stress" of buying during the questionable times it would be different. I doubt bear spread options are possible in the Bitcoin world. In other words, it's not possible to profit from situations like these. There are times where "impending doom" and "confusion" causes real losses. Telling a newbie it's the best time to get into Bitcoin is irresponsible. When everyone is panicking, it's the best time to buy actually, noone should buy during a hype. But i would wait a bit more for
the price to go a bit under 200, which is a real possibility.
After that it should be smooth sail, because all this bs about forks will go away sooner or later.
You need to understand that "all this bs about forks" is going to be the kind of news that will cause the price to drop. This is what makes people sell, when they get scared about the future of bitcoin. |
|
|
|
Miners caring for profit doesn't mean they'd want bitcoin failing. To say the least, I think they have at least some common interest with the rest. I'm not saying that they should be 100% trusted about taking important decisions.
Exactly, they don't want bitcoin to die because that means most of them would never see a return on their investment of hardware. They also want to make as much of a profit as possible though. |
|
|
|
|
I wouldn't say bitcoin is becoming a centralized failure, at least not yet. It completely depends on the direction things go in the next few months. I'm not a diehard "bitcoin can never lose value" kind of person, but I'm not going to say things can't go badly from this position either.
|
|
|
|
|
It's an interesting and novel idea, but this thread should probably be moved to the goods section.
|
|
|
|
|
The safest wallet will always be an offline solution, like cold storage or a paper wallet, possibly with multisig and hopefully encrypted. Read up on the options first.
|
|
|
|
|
Since when is a website a better security solution than a paper wallet or cold storage?
Spoiler: It isn't.
|
|
|
|
|
Care to post more details so we actually know what the site's about? Features, anything to interest people?
|
|
|
|
|
I think it would be pretty interesting. Each dot worth a satoshi, or something like that. Money could come from ads/a faucet.
|
|
|
|
|
I don't like to invest in alts because that's like adding the volatility of bitcoin to the crazy volatility of an altcoin. It's just in no way safe.
|
|
|
|
|
I'm not sure I trust the miners to make decisions that will benefit the entire bitcoin community instead of just the miners right now.
|
|
|
|
|
I agree with you but I'm worried that we're getting to a point where people that use bitcoin don't understand it as fully as they should so they don't know what they should be doing
|
|
|
|
The "free" word is catchy at first, at least till you do the math. I still use freebitco, hey, it takes just a few seconds each hour (or so), considering I am a lot of time in front of my laptop (since I am kind of a software engineer) I do not see the problem with it.
Exactly, and think, there are plenty of people that never actually get a cashout so they only end up making money from the ads. |
|
|
|
i recently found a malware that changes bitcoin addresses when copied to the hackers address so just watch out and check to make sure that the bitcoin address you copy comes out the same when you paste it  Thanks for sharing this info. It is amazing the genius of malware programmers ... changing the copied address.... shocking. I mean honestly that's not really that genius. Anyone that knows windows programming can check every time something is copied to the clipboard, see if it's a bitcoin address and then replace it with their own. |
|
|
|
|
What I have to say other people have mostly already said. There's no way for you to have the volume of the larger mixers, but good luck getting started.
|
|
|
|
|
Honestly I'm not sure how you plan on changing this unless you run a large pool. The miners decide what chain they use and ultimately how that stuff works.
|
|
|
|
|
Nice to see more websites that enable buying steam games with bitcoin, steam is one of my primary uses for bitcoin.
|
|
|
|
However, if the hashrate or hashpower is going to increase more and more...is this an indicator of the safety of the network?
I think it's more of an indicator that we are getting more and more specialized hardware for mining. I think it does come with increased safety but some of it is just better hardware being developed. |
|
|
|
-
If there is a 51% attack, people will know, and the price will start dropping like a rock. Nobody is going to want to keep their bitcoin when they know it could be changed at any time by someone malicious. In my scenario, the attack is not considered malicious. Regardless of who does the attack and whether or not it's malicious, if there is a scenario with a 51% attack, the price of bitcoin is going to go down dramatically. |
|
|
|
|
So just to clarify, BIP 100 is 8 MB blocks but BIP 101 is something different, it's XT's crap?
|
|
|
|
-
If there is a 51% attack, people will know, and the price will start dropping like a rock. Nobody is going to want to keep their bitcoin when they know it could be changed at any time by someone malicious. |
|
|
|
|
Show Posts
