Upgrade… And I Show You How Deep The Rabbit Hole Goes.
Your thoughts.
As bitcoin gains popularity more people would be using the bitcoin for their daily transactions in their life, that time perhaps, the idea might also change to increase the mining above than the 21 Million bitcoins, or similar to this and also we would be requiring more and more cryptos in the near future, so up-gradation is imperative here. this is the opposite of everything. 1) bitcoin is not for the masses' daily transaction. 2) changing the 21m cap is just losing everything. are you saying that bitcoin should not embrace adoption? i don't believe that satoshi believed that bitcoin will remain onyl a niche market and nothing else and also there is no correlation between surpassing the 21M and bitcoin not being for the masses, i mean bitcoin could stay at 21M(and it should) while gaining popularity and reach mainstream status and do we really want another inflationary garbage system? i think not, unless changing the cap mean rising it by few millions and not making it unlimited like with doge... adoption is a market force. raising tps and allowing coder spam on the blockchain will not increase user adoption. i'm surprised with your attitude. seems you think it is ok to go against your core beliefs as long as its just a bit at a time. slippery slope. not a bit at time but one time only by a few bit if we rise it to 22M this will actually make nothing, except cover the coins that are lost, and prolong the mining activity before the fee era, i'm not in favor of a continuous increase, so if this will be really necessary for whatever reason(i can not think of anything, right now, because maybe there are not reasons for it...) then it is better to not go overboard with it, and increase it by few % |
|
|
|
dev of what? anyway we need p2p exchange, so exchangers cannot run away with the excuse "our cold wallet was hacked yesterday"
this is the only concern at the moment
That is true, and its a valid concern, however i think, in view of altcoins, the biggest threat is the devs running away. There are 1000x more scam altcoins than scam exchanges, and more money is lost to scam altcoins than scam exchanges. Pretty much the already established exchanges are staying, and can be moderately trusted. It's the same as if your average broker runs with the money, yes they were regulated, but so what, funds are only covered up to 20.000€, the rest of it is fucked. Its definitely about decentralization  yeah altcoin dev are quite malicious, but if there is a good trusted escrow and the code is well examined, you can be sure that the coin is legit there were many scam dev in the past with hidden premine, mostly from china, this was another reason why many prefer to invest with already good established coins, like bitcoin, litecoin, monero, and not with new coins that hold a major risk anyway i'm not risking large amount ever, i prefer to trade small amount to rise my bitcoin stash or to keep it not falling too much, in the case i need to use it for shopping or whatever, the rest will be done by bitcoin itself, when will rise to unbelievable level |
|
|
|
My friend earned 500% returns on altcoins, and me about 200%. Why wait for bitcoin when you can trade altcoins. Just get your bitcoins turned into altcoins, and then trade them, then after you won, convert back to bitcoin. It wont go lower than this, 200€ is the floor  because that just luck, trading altcoin is much more about luck, because there are many of them and each of those alt are fucking unstable and super volatile, unless you are a part of group of pumper and can manipulate quite well the price, you will end up losing, but it is also obvious that between many losers there must be some winner I`m not part of any group but me and my friend already made more than 100$ from trading alone, and on yobit, so thats says something about talent. You have to have it in your blood i think. Also market manipulation is plain obvious here, all data is public so you can see what you need, this isnt like some shady forex broker. yes there is some skill behind it, but with altcoin the luck is more strong, because of their not secure nature compared to bitcoin, which is far stronger but it could just be a streak luck or something, i was doing something akin in the past with doge, 4-5 successful, big shorting, with which i double two times my doge stash btw what altcoin are you trading? |
|
|
|
I think it will. Till now, when people asked how this could happen, the only answer was shrugging, it's the way it is, que sera sera.
Now, when people ask, they might get this, depending on who they ask: Well, in fact there is another way, bitcoin, check it out.
it will eventually, but only if it will be on a large scale, and not 1 or two bank hacked from time to time, if the majority of banks(not gonna happen at 99% at least) will begin to face some heavy hacking all over the wolrd, then something will happen about the possible shifting to bitcoin from many around the world Well if banks start to get hacked then bitcoin could be too. And i`m not talking about offline wallets, but the online wallets. I`m sure 95% of bitcoin users use online wallets, so if they want to harm bitcoin, the online wallets will be the target probably  it could be a good lesson for them to use cold storage, and learn more about bitcoin, those are just lazy people guided by those, lazy's guides that say that learning about how bitcoin works is irrelevant, there is a thread talking about this in the bitcoin discussion board, this can not be more wrong... |
|
|
|
My friend earned 500% returns on altcoins, and me about 200%. Why wait for bitcoin when you can trade altcoins. Just get your bitcoins turned into altcoins, and then trade them, then after you won, convert back to bitcoin. It wont go lower than this, 200€ is the floor because that just luck, trading altcoin is much more about luck, because there are many of them and each of those alt are fucking unstable and super volatile, unless you are a part of group of pumper and can manipulate quite well the price, you will end up losing, but it is also obvious that between many losers there must be some winner |
|
|
|
their chart are alike, so it is not fair to compare all the history of gold to 6 year of bitcoin, chart is telling us that they basically share the same pattern, so the same volatility, but bitcoin potentially are bigger, for a series of advantage that everyone know already
I remember you were telling quite the opposite the other day, that gold is dull and boring since its price scarcely moves, and that you can't profit much from it due to this regrettable fact. And now you blabber an entirely different story... you did not understand apparently, what i was saying is actaully that, bitcoin has the same volatility of gold, which mean it is as stable as it and it is not so volatile at all like many think O'really? gold is forever stuck in a limbo, it won't rise by any significant amount, so you can't play with it on the market, unless you deal with a great amount and take advatage of the tiny spread
I guess you either don't know what volatility is or just trying to find a way to weasel out. Otherwise it means that Bitcoin is as dull and boring as gold... no you did not understand the context of my phrase as always, bitcoin it look stable as a gold right now, and so it will be more stable in the future like gold it is now and yes bitcoin is boring to trade right now, i never said the contrary, you just made it up, to make look my post wrong as usual, stop with this shit please |
|
|
|
|
also there is no reason for bitcoin to die, bitcoin is a new technology there is anything like that for the moment, and there will be anything like that for many years, tech like this do not appear in 1 day or 1 year
be assured that bitcoin is here to stay, and to the contrary of the general belief, bitcoin is less risky than many think, you only need to know that after a furios pump there is always a crush remember just that and you will be fine
after saying this, you should aim at 10-100 btc, minimum 10, with a price to 10k, returning to 1k will not be a problem, and when we will surpass that point, then the way until 10k will be much easier than many think
|
|
|
|
|
the best time for mine bitcoin is when the price rise, because the diff retarget is every two weeks, so in those time frame the network will actually produce more coins, and if you join it in those two week you can earn more
|
|
|
|
After reading all these replies, i just want to know whats the minimum Gh/s that i should have to start mining and get some profit And Thank realy you for your help it depend , if you want to go small 1 tera should be suffice otherwise, you need 10-100 for a very good profit, around 100 tera will give you 1 btc a day, but without cheap electricity all those btc will go to the bills |
|
|
|
Most fiat is nothing more than an entry in someone's ledger. Usually, that ledger is in someone's database, and often it is in only one database. It's not like Bitcoin where everyone has a copy of the ledger. If your bank loses their database and there is no backup, your money is gone. It's as if it never existed. It's much, much easier for fiat to disappear than it is for Bitcoin.
actually those money was never there, they just print that number on their computer, and this will reflect in your balance, meanwhile your real money are lended to someone else, and they earn fractional of money on this if you need the money they will give you the deposit from someone else and so on, it is all planned perfectly to seem legitimate |
|
|
|
I'm miner, not trader. And full node already working for decentralization of bitcoin. This is my small contribution to support network. I'm not spending mined bitcoins now, money from my main job is enough to pay electricity bills.
the only good thing about this is anonimity, via mining, in comparison with buying bitcoin, but if you don't mind this, you can go ahead and buy with your wage instead of paying the bills, which would be basically the same thing but you can have some edge on the price if it skyrocket later, while with mining you can't mine quickly enough, in the case the diff will rise |
|
|
|
I ran my zeus scrypt miners outside for months last summer...never had a single problem (they were sitting outside underneath my roofed porch)...they made way to much noise to attract any animals and my house is pretty isolated so no issues from thieves. Had some dust buildup but thats about it...survived through heat, torrential downpours, etc.
Miners are rather simple devices, as long as the cooling is not clogged and water does not directly touch the components they'll be fine.
i don't know some time if you leave the dust to accumulate too much, that thing become like sticky send, it could impact the circuit nonetheless, if PCB tracks, are covered too much , the connections between the chips will be reduced so dust need to be removed before it become that thing, i usually remove it every month at max to prevent that |
|
|
|
invest your money is always better than to spare them , choose a long-term investment whit little risk you'll never made a wrong choice.
if you want to earn some , long-term investment is the one to choose
That a good Idea, long investmen is better choice. some short term invest is scam like ponzi and hyip long investmen is make your money save and your health save too i ever see assurance where we can cash out money after some periode maybe 10-20 years but we get health insurance long time investment can also be disguised as a ponzi as well. you also have to be careful just because majority people have their money in something doesnt mean to avoid to do your homework. none of them are ponzi, trading isn't a ponzi at all, it is your capacity to analize well the market and act accordingly, in a ponzi there is always 1 man only that is taking everything, do you see this in a trading enviroment? i would say no, not at all, trading is one of those gamble way to make money, where your ability will actualy count something and not zero, like in pure gambling gambling != ponzi Depends if the devs are scammers, they just sell the "air" for 200 satoshi a piece , the traders buy it, and then the dev abandons the project and runs with the money. It could happen. dev of what? anyway we need p2p exchange, so exchangers cannot run away with the excuse "our cold wallet was hacked yesterday" this is the only concern at the moment |
|
|
|
|
still no specs for something that is supposed to be released next month?
the efficiency would not be so fabulous, so hold your hope on this, because from here, the difference with the next efficiency will be always more slim
|
|
|
|
you guys think western union will stay closed like they mentioned for entire week or drag it even longer for people to be stuck.
If anything though, this whole default gives more reasons to leave the country if I were in greece.
many will leave for sure, they cannot wait until Greece will recover, it isn't a thing that will happen overnight, so they have two chances stay there and hoping for the best, while many of them will be homeless probably or go abroad and start a new career, personally i'll choose the latter, if i were them |
|
|
|
|
bears in mind that you should provide where your hash power com from, it should be certificated or something, or it may look like a cloud ponzi in disguise
there are many of those that declare to be a cloud site, and then it is revealed that they are simple ponzi scam
|
|
|
|
|
also miners should not pay taxes, because they are actually already paying those, via electricity bills, so it is included
if miners are intelligent they should keep their bitcoin and dump only for paying electricity, which is their taxes
|
|
|
|
its 60 euro per day withdrawal limit whether it be from an atm or a bank teller your per day limit is 60 euro
If thats the limit, why is the bitcoin world banking on the fact that Greece would convert all their money into bitcoin ? there isn't such thing as the bitcoin world bankink, what you're talking about? and greece will not convert everything to a decentralized currency, they will return o their own fiat the point in thinking that the price may rise because of the grexit, it is because we think that many greece's citizens will buy bitcoin, at least before they will establish a new economy, hoping to cover their ass if the price skyrocket but they are actually the one who will contribute the most to the skyrocket of bitcoin, if this will happen |
|
|
|
Great tutorial. But, may I believe 1Broker ?
yeah it look safe this is a great tutorial, but due to the fact that 1broker has only few choice i'm actually playing only with market with high spread |
|
|
|
|
hold two btc until the next boom, then sell, when the price start to get lower, if you can't recognize it sell at 33% less after the ATK so you are sure, the trend is reversed(you will lose something but you need that to know)
then buy back and you have x4, the problem is that it require a long wait, but you can actually go to x8 or x16...
|
|
|
|
|
Show Posts
