Today, for a person I don't think developing a wallet is a good idea, Only A big company should do it, you won't get any trust by bitcoin users
since they're facing a lot of scams and trust is now a huge problem.
Anyway take a look on Electrum open source project, You need to have goods skills in Python.
To create a new bitcoin wallet require some skills regarding code and nodes that had explained before. But if someone wants to create his own/individual wallet as long as it can be secure the private key, be able connect to nodes on the network and could validate blocks and transactions, and then it doesn't need to gain trust from others. Moreover, it's a great idea to create your private wallet. |
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Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
because of supply and demand. bitcoin is a good technology offering so many good an useful features such as anonymity, decentralization, security and high speed. and because of these the demand is constantly increasing. and while there is only a limited supply of 21 million coins (16 million currently mined) there is 7.5 billion people in the world which are slowly finding out about bitcoin and investing in it hence increasing the demand. Mostly because people interested to the idea behind blockchain technology which offering better options to manage (be your own bank) and better transaction than conventional banks over the world. The news about bitcoin must came from the devs team through internet to spread how bitcoin as digital currency . When big whales started to bought bitcoin and then the snowball keep getting bigger and bigger. They know that bitcoin demand will increase cause the price constantly increasing. |
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So, what's new in these suggestions ?
Nothing! We all know this. "Learn a skill what is in demand"-> I mean come on!! Not everybody for instance can learn to write code and will be good in that for instance. This thread is useless. Just do what you can do best and exchange some of that earnings into Bitcoin if you can afford it.That's it! In bitcoin world, the most needed skills are about software, nodes, graphics design, write code, web design, hardware, operating system, which not an easy way to learn. Work and earning fiat money than buy bitcoin may the good way as the price could rise in the process. But why Op stated that earning through sig-camp is the worst way? It just another way in case to make bitcoin through advertising jobs. Everyone is free to do any kind of effort to earn bitcoin as long not harm anyone else in my opinion. |
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...
- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)
- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)
- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.
- Alts might help to generate a closed bitcoin economy
My favorit comes here:
- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.
Any other things missing here?
We always doubt about altcoins will come and take over the market leader from bitcoin. As you've mentioned that alts could consider as testnet for bitcoin due to what they improve and implemented to the coins could applied to bitcoin technology if fits for it. What you missed maybe about a better technology that could compete with bitcoin, that's why we need others dev teams to be creative and create the better way to, I think another coin will do it. We need an alternative, right? Just in case. |
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the worst mistake in trading is panic buy or panic sale, when you already panic you wont be able to think clearly and without you realize you are going to lose a lot of money, the second mistake is impatience, in trading some of the coins you bought cant directly up, sometimes people are impatience and sell all the coins eventhough the price is low because they dont want to wait anymore
What I had learned was the most important in trading that could lead to profits or loss is "the right time to". For example, my previous coins which I've should earned big profits but I was too late to sold it. So, every traders need to observe the market price every time, at least every hour or 30 min. If you lose your chance than you have to be more patient to wait until until it goes up again which I find so hard to. |
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Sometimes when I read comments from various industry "experts" it makes me wonder how many people in the world truly understand the bitcoin protocol on an intimate level.
I mean fully know it inside and out. What do you think?
My thought is within 1001-5000 maybe. They are who in devs team, exchanges, miners and pro users that have been spent a lot of time to learning about bitcoin from the white paper to all of the programs and nodes. If your standard was "fully understand inside and outside", I'm not. Maybe I do understand about 50-60% of bitcoin protocol. |
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Only bitcoin trading platform and gambling platform have been hacked before not the bitcoin network.
There is no security vulnerability in bitcoin network and if you don't share or save your private key online you can store bitcoin in paper or hardware wallet without any fear of getting stolen.
Actually, bitcoin it's safe dude. I think our bitcoin it's safe or not depends on how it is used. As an example of a crime that makes bitcoin is not safe from thieves is because we use it to invest in hyip prone to fraud. As with gambling you say, if the gambling sites that we use do not apply security then we can get stolen because of the burglarized. Thank you Yeah, if we see it in general, nothing safe. But blockchain wallet consider safe as mostly hacked cases are on exchanges or gambling sites. If hackers want to crack wallet, more worth to targeting big funds. I've ever heard about someone wallet hacked but because his own fault. So, if you are aware and be careful, your bitcoin will be okay. |
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Bitcoin is the only relevant answer.
And I know there are other currencies, but when are they ever accepted as currency with businesses? If "alternatives" exist, they need to be accepted and transacted as currency. Period.
If we judge from the percent increase in the market based on investors funds, another coin may be number one but they are still far far away from bitcoin, ini value or usability as an alternative payment. Bitcoin value grow more than a hundred percent in a year is more amazing than 2769% but the value only $0.4807. I'm not underestimate it, and looks like it has pretty fast growth as now reach $12. Overall, anything can happen in cryptocurrency world but the number one still bitcoin. |
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Anyone ever stop gambling? but then gamble again?
What are the reasons you come back to gamble?
I used to gamble maybe two years and enjoyed it, mostly online poker. And then I've stopped for 5 years, what make me come back is bitcoin. How easy to gamble with bitcoin as Gambling platform growing so fast and so much due to the transaction. |
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If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it.
For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new?
Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example?
What are your thoughts on the topic?
An alternative payment which has p2p system, my first thought was a transparent transaction to everyone without revealing user identity (anonymous). The idea of course to created decentralized currency without interfere of Central banks or government to rule it. |
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I bet many delusional bitcoiners were thinking we were heading for $1000 again.
Fundamentals are still flawed and not being fixed, there is no support in the orderbooks, forget $1000.
To maintain $1000 i think we need many more smarter and wealthy people to be invested in bitcoin, which they won't because it's not smart to begin with.
We are going back down to 2014 values as there is nothing to hold these prices once the manipulators are done taking your dollars!
See you at $500.
 Sorry Kwukkie, your dreams of $500 (or $10) coins are shattered again. Keep trying. LOL  If he said see you at $700-800, it's fine but $500 will happen if an exchange get hacked again. Well, even if we're heading to $500 instead of climb to $1000, that is a great time to buy and we'll have another pump to reach $1000 again. I think, we may stay at this fluctuations for a while and see an amazing increases in March. I love the image of the cat, look like it alive trying to reach the moon. |
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advertising bitcoin is not the problem. using bitcoin is. it needs to be simplified!! even hardware wallets need to be revamped. the issue is that it is too cumbersome, complicated and needs downloads/browser extensions or server access.. plus needing to copy and paste lengthy gobbledegook addresses and decimal numbers but there is a solution, should someone want to do it. SMART WATCHES/FITBIT wristbands  advantages no software touches the device private keys remain hidden the device is wearable (new fashion craze=popular) making a tx is as simple as shaking your wrist no need to understand the mechanics of bitcoin to use it just google "programmable smart watches with NFC" and you'll see the tech is available. barclays are ahead of the game. first they are doing it with their native fiat payment method, https://www.shop.bpay.co.uk/categories/buy-bpay/product/wristband/wristband but barclays is knee's deep in hyperldger so next will be a hyperledger wristband, which will make hyperledger (bitcoins altcoin(banker) competitor) appealing to people that are not paranoid geeks Looks like the most interesting part was this smart bitcoin wristband to do transaction easier and faster without worrying about how to use bitcoin , especially for women I guess. The cards problem just seems as poor designed but to have bitcoin transaction in the market/groceries/supermarket accepted bitcoin is what we chasing for, that's why the idea to make simple transaction occurred and looking for implementation. |
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Most countries like to have control over the money used within their borders. Bitcoin and other crypto-currencies challenge this authority. What Would Happen If Bitcoin Were Declared Illegal in the USA?
If Bitcoin were considered contraband would its black market value increase like some illegal drugs or would the value fall? What economic principals would be at work in this scenario and what type of logical arguments make sense?
Fortunately US doesn't states it illegal as in september 2016, a federal judge ruled that bitcoins are funds within the plain meaning of that term, so it's consider as commodity and currency. what will happen : - all the exchanges and trading platform will be vanish from US or move their base to other countries. - as the exchanges gone, will affect to the local economics related to bitcoin. - the price will drop for a while as trading volume in the country suddenly drop. - the regulations that prohibits bitcoin used in the country will push bitcoiners to the black market or at least under the radar. |
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I am curious that in the hypothetical scenario of Bitcoin splitting into 2 (which is less and less hypothetical), or other big disasters (51% attack, quantum hackers,etc), where would you move your money? Bitcoin is currently the reserve currency, and it's safe to store in it some money, but if some disaster happens, then it will no longer be safe, so I am curious where people would go, what would be the alternative to BTC? There are of course some of the top 10 coins, which would qualify in my view: - Fiat Currency: Which is like cashing out of the crypto world, not really an alternative to BTC
- The majority chain: the split of BTC that would have the most nodes, miners, merchants and users behind it
- ETH: Which has the closest market cap to BTC, and the most users after BTC
- Ripple: Which has banking integration and a somewhat stable price
- LTC: Which is the closest to BTC in terms of code similarity
- Monero: Which is has privacy implemented in it
- Dash: Which is has low fees, privacy and a democratic consensus mechanism
So which one is it for you? I will withdraw and convert it into fiat as the official payment that we use in daily transaction. Other coins may not get my trust as bitcoin is the best cryptocurrency, if it fail, what will others become? I may consider about another majority chain, but only some parts of my funds obviously. |
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I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??
Please tell me what do you think.
Different things but your money still involved to grow or loss. Trading has higher chance to get profits, but you may ended with loss too, right? I think gambling works that way too, you need skills too to win at some kind of games. Whenever everyone put money and has risk to lose, it consider as gambling in my opinion. |
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Hello Yahoo, may I enroll to this sig-camp? As you have mentioned 4 spots was open and 3 already filled.
Thank you for the answer.
Edit :
Btctalk Username : Rahar02
Post count : 189
Rank : Full Member
BTC address : 1KN95c74osFMekUYjpyxD8miy79Bwr67K5
Add sig code : yes and avatar.
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For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important. Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcUIt does not matter for the usefulness of value transfer, in order to overcome some hurdles the banks and governments have created. It matters for the general popularity of bitcoins, and it is crucial for savers. Actually, bitcoin price that attract more people to join in bitcoin world, it's the first impression of bitcoin. And then people will learn about what bitcoin is with all of the advantages it has. Bitcoin will be worthless if the price of BTC1 less than 1 fiat money. I mean people won't seeing it as valuable thing. It different with the first time when bitcoin was developed and rise, if nowadays bitcoin will crash and fall to less than $1, I don't think bitcoin will survive. |
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I think most users are involved in Bitcoin not because they belief in the technology, but because they hope the price will go thru the roof. So let us say the price would be at $900 for the next 50 years.
Would you still use and buy Bitcoin or would you leave?
That is one of many other advantages of using bitcoin, people like to buy it and hope for profits to sell it. But, bitcoiners assume bitcoin as medium of exchange which better than any other currencies or precious metals. There are plenty of advantages that bitcoin offering for users that want an alternative payment. To answer your question : yes, I will still use bitcoin, why not. |
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The $1000 target is not far from the current price but besides Trump I think that also Chinese exchanges have a high potential to change/affect the price
I don't think that Trump inauguration yesterday could instantly change bitcoin price. We don't know for sure what kind of economics policies that will be release regarding to bitcoin development. On the other hand, Chinese people still have big influence to bitcoin market as long as they possess so much btc. The price still fluctuate and seems hardly to get up and pass $950 right now. |
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