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11681  Other / Beginners & Help / Re: Why do people create more than one BTC wallet ? on: June 14, 2017, 05:50:19 PM
Most is usually for other purposes. I personally have 4 wallets, 2 of which are for cold storage and the rest are for everyday spending and general shopping of games. It is also advisable to have multiple wallets and create multiple backups so that if in case one of your backups get compromised, you still have plenty of other backups to use. Also, having multiple wallets saves you from hacks. Putting all of your eggs in a single basket is never a good idea, too.
11682  Economy / Gambling discussion / Re: How you pick your bets? on: June 11, 2017, 08:13:45 PM
I usually pick my bets depending on the team's current form and their H2H matchups against the other team. In this way, I would have a greater insight as to what things might turn up on the match. Also, I'm looking into insider tips because sometimes, the older tipsters do have some inside infos depending on which team will throw.
11683  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If you have now 500$ for invest? Where you invest? on: June 11, 2017, 06:01:13 PM
Probably gonna go with ethereum but would just buy 2 more GPUs for a mining setup. Breaking even would take me 3 months with 2 rx 470s and the rest would be purely profit. That way I've not only recovered my investment in a short amount of time but also made a passive income of my own with just $500.
11684  Economy / Speculation / Re: Bitcoin heading to $4,000 on: June 11, 2017, 05:53:59 PM
If everything goes well, bitcoin would possibly touch $4k mark after July (or possibly earlier). It strongly depends on how people would be following suit over what will happen within the next few months. July is a great month for bitcoin, Aussies are going to have bitcoin side by side with AUD. August will be a rough month because we'll be seeing a possible chain split if consensus (again) isn't meant.
11685  Economy / Speculation / Re: segwit effect on bitcoin price on: June 11, 2017, 05:33:25 PM
Depends on how the market reacts, but I'd go neutral by then and just hold into my coins before doing something that I might regret. Most pools are supporting segwit over BU, but the difference between the two is not far from each other. Whichever the case may be, the market will still decide the price and not the fork that we'll be having after August 1st.
11686  Economy / Gambling discussion / Re: What would you do with your winnings? on: June 11, 2017, 05:28:45 PM
Just won $350 on Team Liquid vs EG. The winnings that I get from gambling would be going to my mining setup (which currently has 4 Sapphire RX 470s, I need two more)  so that I would be having some passive income on the side while I'm working on my day job. The past $1000 that I spent on the setup mostly came from sports betting too. Just had some lucky break, I guess.
11687  Economy / Speculation / Re: Are you enjoying the crazy Bitcoin price rise? on: June 11, 2017, 01:19:46 PM
Right now, yes since I still have 5 btc which I bought at $1100 and I'm planning to sell them once we hit $3000 to put in my life savings. I never knew that we would be reaching such prices and buying 5 bitcoins after a successful $300-$1000 climb was purely a gamble. It paid iff, and I'm happy with it.
11688  Economy / Trading Discussion / Re: Where to study trading and technical analysis? on: June 11, 2017, 10:16:22 AM
Been trying to find some short online courses for trading but all I can see are websites that tackle all things about investing and trading such as investopedia, forbes and tradingview. Tradingview gives you an in-depth analysis of the current market trends in bitcoin though don't take them as a wise and perfect advice as always whereas in investopedia, from there you can learn investing jargons and other principles needed when you put your money on the line.
11689  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Choose altcoin for trading on: June 11, 2017, 09:59:14 AM
Try browsing the altcoin sub-forum. You can find great crypto in there that has good volume and can potentially be a profit maker for you in the future. But for starters, you can try litecoin, dash, ethereum and dogecoin so that you'll see for yourself how to trade crypto and how the market is.
11690  Economy / Speculation / Re: What if I buy 3BTC now and forget about them for 10 years??? on: June 10, 2017, 05:22:19 PM
You will not forget it even in the next 2 years. $5000 is reachable with this kind of rally that we're having right now. I mean, who wouldn't want to buy a share of a brighter future for less tahn $3000? Good for that dude who sold his house for 600 btc when it was $450 each, he can now buy a new house and keep some of it for his vacation anywhere in the world.
11691  Bitcoin / Bitcoin Discussion / Re: Scary tweet I've just read! on: June 10, 2017, 04:54:12 PM
Uhh, I don't think that those keys really will do anything. I mean, the keyspace is so huge and vast that it would be a dismal effort to check one by one which has some money on it and which doesn't. Also, theoretically brute-forcing bitcoin would require a huge amount of energy enough to drain our sun's own power.

Vitalik Buterin is kinda high on some drugs of some sort.

To me it shows that in a matter of years all balances will go zero. I'm not sure BTC is so safe anymore.
Someone broswing all day on this could gather something by chance.

Someone browsing that bunch of useless texts would prolly get dusts among those "private keys". Idk why would someone waste their time browsing through that seeing that it came from ETHs lead dev who hard forked his own coin for self gains. Good luck on believing through some made up shit though. Smiley
11692  Economy / Gambling discussion / Re: From faucet to thousands on: June 10, 2017, 04:40:51 PM
If we are to go back 6 years in time, making tens of thousands in faucets would be a thing since the hand outs usually are between 1-5 btc per claim. Also, if you are patient enough to hold all throughout, you might be sitting on your mansion with all the money you had with bitcoin until retirement by just claiming faucets and playing hi-lo.
11693  Bitcoin / Bitcoin Discussion / Re: Scary tweet I've just read! on: June 10, 2017, 04:25:01 PM
Uhh, I don't think that those keys really will do anything. I mean, the keyspace is so huge and vast that it would be a dismal effort to check one by one which has some money on it and which doesn't. Also, theoretically brute-forcing bitcoin would require a huge amount of energy enough to drain our sun's own power.

Vitalik Buterin is kinda high on some drugs of some sort.
11694  Economy / Trading Discussion / Re: Does Bitcoin have a future? on: June 10, 2017, 04:19:19 PM
More and more countries are currently considering bitcoin to co-exist with their legal currency, first of which would be Australia by July 1st. This could open up a new door for potential mass adoption seeing that transactions could be made anywhere in the world within minutes, however one thing that would be hindering it are the fees and the development of bitcoin itself. If this would not be checked, I fear that bitcoin might suffer in the coming years.
11695  Bitcoin / Bitcoin Discussion / Re: What about rumors that bitcoin is going to die? on: June 10, 2017, 02:00:24 PM
The rumors have been afloat since 2014 due to the stagnation of price on bitcoin. Right now, we are nearing $3000 and yet the rumors are still looming. Seriously, whatever growth bitcoin receives, bashers and fudsters would still find a way to claim that bitcoin is dying and there is no hope saving it whatsoever. I'd say put your money where your mouth is and don't listen to people but listen more to your judgment and analysis about the matter.
11696  Bitcoin / Bitcoin Discussion / Re: What's going on? Bitcoin for the rich only? on: June 10, 2017, 08:01:16 AM
Somehow you must understand that bitcoin's price a year ago was about $400-$500. Back then, you can get a transaction at high priority by paying 100 sat/byte. Right now, the price is a staggering $2800 and, well, some of the miners opt out tx with low fees to get the higher fee tx on their block, allowing them to get more btc in return (and possibly voice out that bigger blocks are needed for the future, perhaps?) Whatever the case is, there are some things that are controlled by politics and not purely economics, in this case, bitcoin's fees.
11697  Economy / Trading Discussion / Re: Arbitrage / Easy money for new people on: June 09, 2017, 03:57:28 PM
Won't work in bitcoin. If you're looking for quick tx times, you should pay quite a couple dollars for it to be processed within the next block. If the offset of the two trading prices you have is a couple of dollars, you'd already lose it just by transferring funds. In crypto, it might be a similar thing. There should be a huge difference between 1 exchange over the other to make an okay profit within the day. If not, you're simply wasting time tossing funds back and forth.
11698  Bitcoin / Bitcoin Discussion / Re: Fees on: June 09, 2017, 03:51:02 PM
2. The bitcoin network is having a lot of traffic (many transactions - could be a spam attack as well)

Meec. Error.

Five transactions per second are not "a lot of transactions" for the current Bitcoin network.

Affirming this is a joke.
Anyone who knows a little of computers, hardware and software knows that the current problem is not bandwidth, spam/DDoS attacks or storage space.

The only fucking problem is two lines of code.
The arbitrary, deliberate and corrupt 1MB block limit.

Bitcoin is in high danger.
We are approaching the irreversible point.

Blame politics, greed and assuming control for that. Increasing the blocksize limit has been debated for 2 freaking years now. Back then, people are telling that "it's not necessary" since "we haven't achieved the same number of tx/s like Visa" handles. We are far from that, yes, but to think that we already need to pay a few dollars to get a few dollars going is nuts, let alone opposing the key reason why people should use bitcoin over bank machines and whatnot.
11699  Bitcoin / Bitcoin Discussion / Re: Bitcoin banned in Ecuador on: June 09, 2017, 03:07:34 PM
Depenflds, but more likely no. Seeing interest from the public doesn't change any decisions made by the government, especially if it's something opposing their ideology and their ally (the banks). Also, they have their own cryptocurrency so they will just shove that to the public's asses rather than lift the ban that is already on for bitcoin.
11700  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoins now, At this price, It Isn't working on: June 09, 2017, 02:09:21 PM
Some people seemed to be not contented on the price of bitcoin but back in the days, the same guys are ranting about bitcoin's price being too low. If you really wanted to buy bitcoins for the future, you should have done it when the price was around $300-$500 and not contemplating about its price today. It won't work for people who always complain, but for people who have faith in bitcoin, it will.
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