Even the blind can see that crypto Currency is making people millionaires all over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.
People have been saying "it is too late" since 2010. Timing bitcoin price changes is nearly impossible. Every time, from $0.10 to $1 to $10 to $30 to $100 to $500 to $1000 to $1500 to $2500 has been "too late" and a "bubble" and "tulips" to someone, somewhere. Each time we heard, it won't go higher. "$1000 is a pipe dream" etc. |
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In recent months I have tried to avoid listening to the opinion of these analysts because in the past I believed in an analyst and lost my precious money
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I'm doing trade with few bitcoins until August, I want to avoid losing bitcoins
You are right to ignore the analysts - they don't know more than you do and it is just their guess. The so-called experts and professionals have been saying terrible, negative things about Bitcoin since 2009 and they have been universally wrong when they've been dismissing it. |
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Following China, South Korea and Japan, India will likely emerge as a major bitcoin exchange market in the upcoming months. Since early 2017, the Indian government has expressed its optimism towards the rapidly growing Indian bitcoin industry and exchange market. Amidst financial instability caused by the demonetization of 500 and 1,000 rupee banknotes and the shortage of cash in tens of thousands of ATMs across the country, the general public is adopting bitcoin as the alternative financial network, a safe haven asset and a digital currency. http://news.8btc.com/mainstream-bitcoin-adoption-in-india-is-imminent-amidst-financial-instabilityLet's hope so. The Indian governments demonetization of 500 and 1000 notes just showed how the ruling class there doesn't trust the citizen. 500 rupees is about $7.71 or 6.80 Euro and the fact that the Indian government's politicians think that is too much money to have in cash just shows their true motives: control the Indian population for their own benefit. |
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Hi all, Does anybody have any experience with NanoHas? The site looks good and it's easy to get started, but I am wondering it's legit for using it as cloud mining service. Regards, Jorrit This seems off-topic for Dev and Tech, so you might move it. Likewise, adding a referral link to the post makes one question if you really care about the answering aren't just referral link spamming. Finally, a simple google search shows: https://bitcointalk.org/index.php?topic=1726695.0 |
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If there was EVER any question about him being Satoshi, this should put a nail in the coffin - this kind of bullying and belittling was never Satoshi's way.
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You should move this from the Bitcoin Dev and Tech section to the altcoin section
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Haha, thank you! I installed VeraCrypt, it's cool so far.
Sorry, but changing OS isn't an option. Our software usage at Uni heavily builds on Windows. But I usually lock to log in when being away + have good log in password.
Also, CD/DVD drive is disabled.
I won't tell them about my crypto business and will look out for shoulder surfing, those are some nice tips, thanks!
Since I've to move in today, I don't have the time buy that protected case that you were talking about.
But I could use some software to protect my USB ports. Something that prevents malicious autorun if they happened to plug-in something funny into the USB ports or SD-card reader.
What could I use?
You could always consider dual booting and use Linux for btc and windows for other stuff. |
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How can i recover Bitcoin Wallet.dat file forgotten password, I'm finding best tool for recovering my password.
Likewise, much will depend a lot on the length of the password. If it is 4 vs 40 characters for example. Alpha vs alphanumeric, lowercase, mixed case, etc. The more you can recall the better. |
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(Cover) The hottest investment of the first half of the year wasn’t Amazon.com, Netflix, or even Tesla. In fact, your broker probably isn’t pitching it, and it is barely even recognized by the Securities and Exchange Commission. Yet cryptocurrencies—the most famous of which is Bitcoin—are shooting out the lights. ... It’s easy to dismiss the digital currency as an outlandish, even dangerous, fad. Don’t. ... (Paywalled): http://www.barrons.com/articles/beyond-bitcoin-how-blockchain-is-changing-banking-1498890463?mod=BOL_hp_highlight_1(Barron's is published by Dow Jones who publishes the WSJ) |
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Please excuse this beginner question. I'm trying to gain a deeper understanding of how Bitcoin works.
It is my rudimentary understanding that the network has a huge amount of hashpower and so difficulty is artificially created in order to control inflation.
My question is: Exactly how is the difficulty created? Is there complex math thrown into the equation which takes a known amount of CPU power to resolve? If this is the case, is this math just garbage that is effectively useless/ discarded?
It seems like a lot of computaional power and energy is being wasted if this is the case.
This explains a lot: https://en.bitcoin.it/wiki/DifficultyThis "waste" provides security. |
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Yes, copy the wallet.dat off the drive before doing anything. Preferably making several copies if you have enough bitcoins in them to make it worthwhile to do so.
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70% is still not good enough, right? If I am not wrong, then we need a 95% consensus to implement Segwit2x. This will be extremely hard to achieve, as some of the mining pools have remained firm in their opposition to Segwit2x. Anyway, it is good to see the proportion rising from 40% to 70% in less than a month.
In practical terms, once support hits 50%+ the odds are it will snowball. The 95% was for segwit alone. The NY Agreement was slightly less. August 1st seems to have put pressure on the pools to signal. |
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If I have the choice between the medieval "doctor" who wants to bleed me and modern medicine, I'll take modern medicine. At least the medieval doctors had the excuse of lack of knowledge, Keynes and his fellow witch doctors have no excuse except to attempt to retain power by misleading and robbing people by inflating away their savings.
We choose the freedom that bitcoin brings and reject the authoritarian central bankers et al who just want to control the world for money and power.
He needs to wake up and look at the causes of financial crisises over the past 100+++ years - central power who thinks one person should decide for everyone. (And even if centralized, anti-liberty policies worked (which they don't) they should be rejected anyway because people have the right to be free.)
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If you have to completely make up one side of a conversation to make your point, your argument must be completely bankrupt. Something like this is about as accurate: You: So, what do you know about bitcoin?
Brett Arends: Absolutely nothing, except what I've heard on retweeted on twitter.
You: Tell me about your qualifications?
Brett Arends: Well, I am a journalist, what else do I need? I mean, if I want to make a point, it is easier to make a fake conversation so the other side says what I want. It is a hallmark of fake-news.
You: Is your technique to be snarky in order to attempt to come across as superior to others to hide your lack of knowledge?
Brett Arends: Yes, of course, that is how most journalists do it when trying to stop people from using things that take away my masters' control. We do it with gold and many other things because we like authoritarians. It makes it easier when someone or some group does my thinking for me.
You: Can you elaborate?
Brett Arends: Of course, for hours without saying anything of substance. But I choose not to now, except to say bitcoin takes power from my masters' fiat overlords, so it must be bad. We want power.
You: Thank your your time.
Brett Arends: Sure, this was a big time commitment and I had to read a few more tweets to find answers.
Etc. - of course it is all fiction
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As the title says, I have the key file, but apparently don't have the wallet or the address. Is there a way to obtain this from the file? I was new and was just horsing around back when I made this backup. I doubt there is anything at all on it, but would like to be sure. I appreciate the help.
Whatever you do, do not send the private keys (or wallet.dat) to anyone. If anyone PMs you asking for them or something similar, beware. |
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On the one hand, the reference contentious fork would be the Ethereum/Ethereum Classic. It's possible to think that the Bitcoin brand will have some trouble trying to survive this, but whatever fork the Bitcoin Core implementation follows will eventually become the accepted one.
I don't see the hard fork proposed by bitmain getting much adoption. Even if they have a very large amount of hashing power, I think if this is expected, then it will lead to many miners to signal for SegWit in the next few days, before August 1st.
Hold on to your private keys.
The terms that Bitmain is going to use assures its failure, including: 1. "exactly 12 hours and 20 minutes after the UASF activation...a block must be included in the blockchain that’s bigger than one megabyte. " ... which will be rejected by the rest of the network 2. "Bitmain will first mine on Bitmain’s Bitcoin chain privately for three days." - so they'll do a pre-mine, mid-stream. What other miner will choose to switch to a chain that they (a) couldn't mine for three days, and (b) therefore got no income from for three days while (c) having to throw away any income they had generated on the main bitcoin chain for three days? If I were mining this would be sufficient to not mine that chain. 3. "Second, there must be strong market demand for Bitmain’s Bitcoin. " For the reasons above this is unlikely and why would anyone want a chain that is centralized to ONE miner/developer etc? If someone is stupid enough to want that, why not use fiat? Or any number of other alt-coins? Seems like Bitmain hasn't thought this out at all. Which may have been the intent if they really wanted to tank the fiat price. Even Bitmain doesn't seem dumb enough to actually do this because it only would result in a loss for them. Really, if they do this, they'll be creating an alt-coin quiet simply. * Quotes from here: https://bitcointalk.org/index.php?topic=1967580.0 |
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The terms that Bitmain is going to use assures its failure: 1. "exactly 12 hours and 20 minutes after the UASF activation...a block must be included in the blockchain that’s bigger than one megabyte. " ... which will be rejected by the rest of the network 2. "Bitmain will first mine on Bitmain’s Bitcoin chain privately for three days." - so they'll do a pre-mine, mid-stream. What other miner will choose to switch to a chain that they (a) couldn't mine for three days, and (b) therefore got no income from for three days while (c) having to throw away any income they had generated on the main bitcoin chain for three days? 3. "Second, there must be strong market demand for Bitmain’s Bitcoin. " For the reasons above this is unlikely and why would anyone want a chain that is centralized to ONE miner/developer etc? If someone is stupid enough to want that, why not use fiat? Or any number of other alt-coins? Seems like Bitmain hasn't thought this out at all. Which may have been the intent if they really wanted to tank the fiat price. But, even Bitmain doesn't seem dumb enough to actually do this because it only would result in a loss for them. * Quotes from here: https://bitcointalk.org/index.php?topic=1967580.0 |
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Is $bitcoin->error returning anything?
$bitcoin->status?
$bitcoin->response?
$bitcoin->raw_response?
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Could you transfer to FIAT, never tell the IRS and get away with it? It is pretty likely, if done right, but is that the way to go? The future of Bitcoin is set by these first couple thousand people and their actions. Your future is defined by these actions. These things can come back to haunt you and the Bitcoin community The question is not about the IRS here The OP is moving out of the United States, so he is evidently not going to pay US taxes. Further, the question is not about evading taxes as such, it is about not paying them legally (well, more or less). Other than that, the wealthy elites have been avoiding paying taxes for literally ages, and I haven't heard that many of them are massively haunted by "these things" (whatever you might mean by that) I believe US citizens have to pay US taxes regardless of where they are in the world. I was told the only way to avoid them if by renouncing their citizenship. That is correct. And even renouncing results in an exit tax. The authoritarian fascists/socialists/communists need other people's money to buy votes. |
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