There many ways to get rich. Start from hard work or win some lottery. IMO being rich is combination between hardwork and luck. As long as we keep focus and think positive on our job, it will lead you into some point that you've not expected. quote from Bill Gates :I failed in some subjects in exam, but my friend passed in all
Now he is enginner in Microsoft and I am the owner of Microsoft  you have the real definition of luck there which is also followed by a prevalent passion in his case Altcoin can give you nice profit and get you richer if you know which one is a good one. That need a lot of courage and great luck to choose, but altcoin is always in a risky to do it. If you believe one coin you should buy a lot or mining it, then when the time comes you will dump it and you will be rich in just a moment
i don't believe this is working at all nowadays, it was the case last year but now every alt born died, and premine is not seen well, in the end you will end up scamming with hidden premine to earn ... |
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fully agree with OP. the heading is a little bit confusing, hence the debate. the point is if (when) BTC goes up in value then at the same time it is more likely to become a common payment method. So no don't sell BTC for fiat, use BTC directly to buy goods What if I sell just $5 and get fiat so I can buy a cake? I will still have my BTC and a cake. But what if that BTC you converted would be worth 10 cakes in a year? Than it would ve been better to use your fiat which would buy you only 99/100th of a cake next year (assuming 1% inflation ;P). There is always of possibility that BTC will reach price in the future. And even if BTC will cost $1000 next year some people would wait for it to reach even more. This game is not about waiting forever for THE BEST BTC price. You can't be perfect. If you can wait and not spent your coins - good for you, but try to use it before you die at least. exactly it's about a prefixed target, that you set, like 1k, 10k, ecc, but usually this same target coincide with an amount of money that make you rich and if you have a very low amount of bitcoin your waiting, will be very long.. also add the fact that the increase in value of bitcoin isn't 100% guaranteed, and you get that people will dump early But if I buy a cake with BTC, and if BTC would be worth 10 times I still paid the same amount. The point is to keep majority of BTC.
you will lose money because those $5 that you converted would be worth $50, like he said, so 90 loss for you |
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a crash like that can also help a lot those that are doing heavy arbitrage with bot, it's not the first time that an isolated crash like that appear remember the 100 negative when the price was still around 600-800?
it's evident that someone is manipulating it, but it has nothing to do with the exchange itself
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100% positive it belongs to BitFinex.
Why would it belong to BitFinex...? I find no relation to all the micro-transactions going in day after day? Apparently the people behind the spam attack were sending the dust transactions to many publicly known addresses. One such is this one. Wiki Leaks and many others have also been receiving those transactions as well as known brainwallet ones. As for why, I don't know. So the logic is that the dust transactions are being sent to many publicly available addresses as well as this one, believed to belong to Bitfinex. The question is why were the large deposits for this Bitfinex address filled from an address allegedly associated with mtgox? it could be, that many think bitfinex was a safe place to send money from mtgox, when this one was going to bankrupt? or just bot moving large amount of profit from the mtgox-doge era to bitfinex it should be interestin to see if there are other large address that are pointing to cold storage of other big exchanges, to investigate better on this subject |
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based this vulnerability, http://johoe.mooo.com/trezor-power-analysis/, which was fixed quickly you can say that it's relatively safe, no one know if in the future another hole like that will happen again... remember that besides the vernam cipher nothing is 100% safe Even if the logic and mathematics are perfect and the op-sec is good, there can still be implementation details that allow side channel attacks, such as the Trezor power issue. In practice, the Vernam cipher is not 100% safe. This article from NSA is interesting. https://www.nsa.gov/public_info/_files/cryptologic_spectrum/tempest.pdfvernam cipher is not 100% safe in practice, not because there is an hole in the cipher or something, but because of the messenger it's like you have x+18 =y(where 18 is the ciphertext and y is the key that you don't know) how can you solve this? it's impossible without knowing at least the key(y), because x and y could have multiple value if the messenger of the y is caught and y stolen then yes you can decrypt it, but as i said above it's not because the vernam cipher isn't 100% secure One time pads (vernam ciphers) are unbreakable because EVERY plain text is a decryption of any given cipher text. This is because the plain text is just XOR'd with the pad to create the cipher text and to break it (determine the pad/key) requires cycling thru keys to get a reasonably plausible plain text. Then you realize you could cycle some more and get another (in fact any) plausible plain text, etc. You're right that the pads need to be communicated and a failure there is a bad thing. But the weakness in practice is the reuse of a pad ... the NSA caught the Russian's out doing that and managed to decrypt a whole bunch of messages. if you re-use the key it's clear that you are reducing the security of this method, but that's your fault, the only downside of that ciphers is the key length, not very practical to have a key that is long like the text |
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Just join any signature campaign, you can earn a lot. My target is to get 0.4 BTC this week from mine signature. Hope I will find time for posting.
0.4 Bitcoins is a lot, considering it's all from a signature campaign. Gee, being a Hero member or even Legendary member is awesome! Another person I know, who is a Hero member as well, earns a flat rate of 0.1 Bitcoins a month. So your campaign pays per post, and that's awesome when you find time for posting! Check out "Amph", he gets 0.5 every week! I need something around 400 posts and I want to keep them constructive. BIT-X campaign is the best one, because there's no minimum or maximum posts limit. Fixed monthly campaign are for people without much time. This will be my summer job! yeah but i'm starting to get a little bored recently, always the same discussion, nothing new, i see people posting the same crap in a different ways, i don't know if this whole campaign thing will last, too many members recently sometimes even if i know that i can make money by posting i choose deliberately to not post because of that reason, some discussion are really stupid or not interesting enough |
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there is no real correlation between being rich and having tons of bitcoin that now, would make you rich but that previously weren't worth so much
if your income is much greater than your expenditures(with a minimum of 1k salary), say x2-x5-x10, it is evident that you're very wealthy
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Haha this is priceless. Greatest thing I've heard in a long time! Step 3: Buy up altcoins below 100 satoshi
..snip..
Step 4: Wait 1 -2 days, and sell it for not less than 450-500 satoshi
That's all you have to do folks!  yeah funny, yet he didn't talk about the possibility of those altcoin going to 1 satoshi from 100, which mean an huge loss when you start to invest big, and you will start less assured, this thing is addicted in the old time the big PUMP, for altcoin, were much higher in number than the big DUMP, now it's the opposite |
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No, the card has not arrived but I regret signing up. .05 BTC monthly fee for inactivity, in the U.S. you can only spend 250€ a year (verified or not) and the inactivity fee is waived if you keep 5 BTC in your account at all time. Nobody in their right mind should do that! https://ccedk.mojohelpdesk.com/help/article/141051Oh, and I should add that "inactivity" means less than 5 transactions. So. How small must your transactions be to do 5 transactions a month and stay under 250€? thats' really bad , fee are the reason why i'm avoiding this crap, the inactivity thing is a new way for sucks money for this service, with that limitation of 250 it mean that in one month you can and you should spend max $2.5 per transaction, lol what a joke |
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no there isn't, i was asking the same in the newbie section one day, i was hoping that litecointalk could have been that site, but they have zero traffic...
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metal used to manufacture the ASICs will still cost money right?
but it won't matter when one of those reach roi, because that roi can pay for the new machine and so on, also i believe that aside from the chips everything else has not an heavy cost, on the opposite is very cheap |
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So the discussion should be about when to spend BTC and not when to sell it for fiat. Right?
the answer is easy, everyone should wait untill fully adoption, to spend it everywhere, for now you can spend it only in the shop that accept it, and if you need somethign that isn't in those shop, then you use you other money called fiat.... |
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i'm not so sure about this, remember doge? outside money in that case were responsible for the huge increment in the price, and they did built the ath together with chinese willybot or whatever you want to throw in it
I don't understand. What happened with doge? Doge made an all time high after its launch. Then it never reached it again, right? I'm saying that a new hype cycle starts when the ATH is passed. doge was responsable for the ATH, because attract many newbie that invested in bitcoin to buy doge they helped the price to grow, so you don't always need rich people to pump, to recall new comers in the pump |
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Look what i found: "Bter says that it managed to trace the stolen 7,170 BTC to a Bitcoin mixer (a cryptocurrency laundering service) called Bitcoin Fog" I don't know if it is legal or not but this is the website http://www.bitcoinfog.com/How is that possible if the bitcoins were really in cold storage? Somebody would have to have access to that private key somehow. They recovered NXT in the past. They got stolent 2 millons dollars in NXT it's an excuse, they steal your coin on purpose if they are short with fee(not gaining much because too much competition) then they come up with the fact that an hacker have stole coins on their cold storage which is a no-sense it's obvious that those hackers are internal people that operate with the excnhage |
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no i didn't invest anything i used the money earned there to buy more mining equipment(actually i rent mining with miningrigrental) and that's it, my profit was growing every day
then you could use bigger mining connected to more account to earn more, with a g-blade it was possible to mine with 16 account without the need of 160 euro
To make it simple you had money and then you gave it to someone for hardware (or hosted hardware, it doesn't matter). This means at that given moment your coins were in someone else's possession and you were given a piece of hardware that was supposed to bring you profit and it did, but there was a chance it would not. Even if you used the coins earned on that site you were reinvesting your previous profits, the money you could as well cash out and buy something else. no man i didn't invest like i've said, i started with one gpu in their site, then with that i made profit, which i used to buy more HW then again the profit raised and i used those to expand the mining, in the end i turned few euro in 10k or more there was no risk because you were payed daily, if they sjut down one day i'll lose only the electricity of that day, would have been an insignificant loss... |
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I don't see the solution in increasing the fees in a compulsory manner or the entire network. One of the advantages of bitcoins that is repeated over and over again is the low transaction fees compared to the traditional banking system. If we start implying artificial fees to fend off attacks, it can lead down a road where we might not want to go.
A problem with a fixed btc fee is the price of bitcoin. If the price would drop an attack could happen as it would be cheaper. If the price rises then legitimate users would be affected negatively. Percentage fees lead to a similar problem with bitcoin losing its edge over the banking system.
After all, wouldn't this problem be solved - at a cost of storage space - with increasing the block size?
i agree with you bitcoin were made to take out those killing fees that banks takes for any thing we wanna pay or tranfer to others,if we raise it we will come to a point that bitcoin would loose all interest since use it or bank will cost the same,on those time bitcoin would be dead. I'm not worrying about this as long as the fee remains very low. We have free SEPA transfers within the EU, so it looks better than BTC but a .10 cents transaction fee is not a deal breaker, considering the other advantages of BTC. sepa may be free but then they charge you fees when you exchange with money outside the euro zone or when you withdraw or for you credit card(monthly) and other random crap bitcoin from 10k to 100k satoshi can still work well and be very less expensive than fiat system |
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Most escrows these days work on 0% commission to it's not a way to earn money for most apparently there is not enough demand that's the problem otherwise they will charge a higher fee, i remember in the past the fees where higher, with many that were doing escrow for the altcoin section, that business is dead now and thus the demand there are still someone like escrow.ms that makes you pay 1% |
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this is only a transitory phase where all that no-sense that bitcoin is here to annihilate, like atm debit/credit card paypal for bitcoin, will be erased when bitcoin will be used to buy everything directly, without the need to dump everytime
by dumping you're only helping bitcoin fiat competitor
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Investing is not that easy because you have to hire a broker and pay him, you first need to save some money.
I earn around 650 USD/month and manage to save around 300, I am waiting to have 1000~2000 USD to get into market.
What are you saying? Do you need brokers when you invest in bitcoin? I dont think so, in bitcoin you learn how to maintain your bitcoin by yourselves, profit or loss it is determined by your works not broker I was talking about stock, not BTC. Perhaps, considering that in this country the only BTC vendors are those from sites like localbitcoins*, it is about the same that having to hire a broker. If I could buy stock directly, I would do it, but as far as I know it is not possible (only when companies put actions into market to be bought directly by average people -emission of shares?**- but that does not happen so often). * I think sites like Coinbase allow you to buy/sell at the same price (based on the pictures posted in their FAQ), unlike localbitcoins where there is a difference of 15-20% between buy and sell prices. ** I am not sure how to say that in English. Coinbase only allows US citizens to purchase bitcoins. Or at least have a US bank account. Not exactly, as far as I know, as of today, Coinbase allows citizens from 15 countries to buy BTC. And that was exactly what I implied (or tried to), I cannot buy coins from them because my country is not listed yet. better to not deal with them at all, they have heavy restricting and regulation, you would waste money which would be payed in taxe, if you use them, bitcoin can help you saving money from some unfair taxes, but with services like coinbase this will be futile |
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my country is in africa, how do you think about bitcoin in africa hahahahah
from this video https://www.youtube.com/watch?v=YKZ2avV6wlYit does not seems that, in your country there is much usage in bitcoin, basically none is using it, i'm wrong? |
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