I was ok with BU at the start but when i realized that BU was bugged i didnt supported it anymore, i was stunned how many guys where ok with that  Desperate times need desperate measures. People were getting fed up with sky high fees and extreme delays in confirmation time. Everyone was looking for some sort of solution, and back then BU looked like the only viable resolution. That's why people like me initially supported the BU. |
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Right now, the total global wealth is around $300 trillion. If Bitcoin rises to $1 million, then it's market cap will be around $20 trillion. That would mean that Bitcoin will represent almost 7% of the global wealth. It is theoretically possible, but it will also mean that Bitcoin will become the dominant global currency. In order to reach there, it needs to dislodge the United States Dollar. It is possible, but difficult as hell.
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I don't feel that I need to change my dietary habits. I am pretty comfortable with my omnivore diet, and I have no plans to go 100% vegan. If I become vegan, I may add one or two years to my lifespan. But it is just not worth it. I prefer to eat whatever I like, even if that means that I would live only up to 80 years instead of 82.
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But they are rightfully criticized about ISIS. A fair percentage of Muslims support ISIS, although they may not admit it to you. Not just that, but they will give you all sort of weird excuses for supporting terrorist outfits such as the ISIS. The Muslims are very good in playing the victim card. Whenever some oddball commits some sort of dicrimination against the Muslims in the western nations, they will go ballistic over it. But they will remain silent (and silently support the perpetrators) when Yazidis and Hindus get killed by the Islamic terrorists. |
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Cool. Looks like they are using a bitcoin processor - Bitpay. I wonder if using Bitpay ameliorates the problem of long confirmation times. Surely, if you order a pizza to be delivered, you expect it would arrive within a reasonable amount of time, 30-40 minutes, and not 12-24 hours later.
Is this confirmed? If they are using BitPay, then the delay in confirmation time can be avoided. But at the same time, I am worried about the fees. How much fees are they charging for each of the transactions? If they charge something like BTC0.0015, then I am afraid that not too many people are going to pay with BTC. |
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Can someone confirm this? How much support is needed for locking the SegWit? Is it 80% or 95%? I heard that support levels of more than 80% for three days will be enough to lock the SegWit. Also, are they planning to run it from July 7?
80% support with segwit2x for 2 days will mean those miners will then orphan any blocks that are not signalling segwit. That means the chain is then guaranteed to reach 100% within the next 2 weeks (since the chain will only have segwit signalling blocks) which makes it above the 95% threshold to activate regular segwit. Anyone mining on core nodes signalling segwit, or users running core nodes will select the longest compatible chain which is the one with 100% segwit signalled blocks as well. They're planning to run it on July 14 though they have until July 21 to deploy it. 6 months after the 80% activation threshold is the 2MB hard fork. At that stage anyone running core nodes that are incompatible will end up forked on a separate smaller chain (from that fork point onwards) unless core creates something compatible or the mining consortium no longer agrees to participate in the rest of the segwit2x agreement... Very informative post. Thanks a lot for spending so much time to explain these things to everyone. So right now, I'd say that SegWit2X is almost a 100% probbaility. Those miners who are opposing it will fall in line, when they realize that they are about to wage a losing battle. Chances of a split are also quite low. |
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I think it is possible but before it happen it takes a thousand decades. Because bitcoin price now was continues raised up while ethereum value was slowly decreasing. That's why I can't believe that ethereum is the future of crytocurrencies.
How can you say that Ether value is decreasing and BTC value is increasing? Look at the exchange rates for the last 3 months. Ether has gone up from BTC0.012 to BTC0.14, before declining to the current levels of BTC0.11. I am not a supporter of Ethereum, but its rise can't be ignored (whatever be the reasons for that). |
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100x hardly ever happens I think, at least also not to me . For me this looks more like a lottery win. But 50-100% are rather possible and happen sometimes. 20% is more usual, exactly. It is theoretically possible.... but in real life such occasions will be rare. But still, I know one incident. One of my friends invested in Litecoin in 2013, when the price of LTC was around 0.0025 BTC. He sold them a year later for 0.03 BTC. His ROI was around 1,200%. |
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I can only think about one scenario in which Bitcoin can ruin the economy of a country. Take the case of either Venezuela or Zimbabwe. If Bitcoins become popular, then the citizens will refrain from using the useless national currency, and will use BTC for trade. This in turn will further devaluate the national currency, destroying the economy in the end.
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Rumors such as this one has been going on for many years now, and I am yet to see any communique from either the government of India or the Reserve Bank of India (RBI) which talks about the legalization of the crypto-currency. ZebPay may be spreading the rumors to increase their user-base and trade volumes.
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From my experience, I could say that the Hispanics and the African Americans in the United States are much more racist than the whites. There is no doubt that the support for inter-racial marriage and non-segregated housing is not as high as expected among the American whites. But there are a lot of reasons for that and racism is not one of them. |
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Worryingly, the number of Muslims have increased by more than 6 times, from 109,500 in 1986 (0.7%) to 604,200 in 2016 (2.6%). At first it doesn't look like too threatening, but knowing what is happening in countries such as the UK and the Netherlands, this increase bothers me.
BTW, surprising to see the Jews declining in number. The other Oriental religions also increased, with Australia now home to 440,300 Hindus, 125,900 Sikhs and 563,700 Buddhists.
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I wouldn't consider them as idiots, but it also depends on how long your "long-term" is. Being a digital asset, Bitcoin is not going to last forever. Ultimately, it is going to get replaced with something better. So in my opinion, there is no point in holding your coins for 20 years or 25 years.
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It's common to us that we will choose bitcoin over gold because we are not a big investors who can afford to invest with gold.
With bitcoin everything will be easy as you can secure you assets online which you do not need to pay a bigger amount like what you
do to secure your gold investment.
Earlier it used to be like that. Gold was available only in the physical form, and the smallest amount one could purchase was 1/32 Oz. But now things have changed. Gold is also available in digital form (ETF funds backed with physical gold), and it is possible to purchase this digital gold in very small quantities. |
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You can say that because the price of bitcoin is at top right now, but we don't know is the price of bitcoin will stay on top or not. Holding of btcs is more risky than holding of gold imo, because the bitcoins price can easily going down and go high which is not recommend for holding for long term. In the other hand, gold price is not significanly change, cmiiw.
Gold has been in existence for thousands of years and until the mid 20th century, the fiat currencies were backed up with gold. And since there is limited amount of gold available for extraction in the world, the prices are somewhat stable. But the same can't be said about Bitcoin. It came to existence just 8 years back. Therefore the volatility will be high. |
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I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?
I am also facing the same situation. I am not married, and my parents are not tech savvy enough to understand the technology behind Bitcoin. I haven't shared my private keys or wallet backups with anyone, as I am afraid that they will double-cross me and steal my coins. What should I do to make sure that my coins don't go waste? |
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No. I'd wait. Bitcoin price and Ethereum price is going to continue to fall for a while. Bitcoin's trend should be on a gentler slope, but Ethereum is bound to hit all-time lows. Literally, every website is having issues with transaction Ethereum and its system is in a complete mess. I hope this is not going to be the same when Bitcoin hits its hard-fork on August 1. Hopefully, Bitcoin reverses its trend and skyrockets after the fork.
Bitcoin is going to skyrocket after the fork, while Ethereum is going to vanish from the scene. What happened to Litecoin in 2015/16 will happen to Ethereum now. The ETH exchange rates were artificially inflated by removing a large part of the coins from free-float. With the prices crashing now, the ETH developers will start dumping their coins, which is going to accelerate the decline. |
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From what you and others are telling Zebpay is fleecing your compatriots bigtime.
Paying an extra 300$ at the moment of writing this or around 15% premium for buying btc is nonsense.
Why would you even do it?
There are so many ways in which you can get bitcoins I don't understand people that go and buy at this price or people that use atms and their sky high fees.
As far as I know, they are just charging the Indian market rates. I checked the Localbitcoins India section. Right now, the best offer is at ₹179,000 per coin (around $2,780 per coin), which is at least 10% higher than the exchange rates denominated in USD or EUR. |
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Yeah... If I take the total value of all of my crypto-currency investments (including Litecoin and crypto-stocks), then it will come to around BTC1. Sold a few of my coins way back in 2016, after getting frustrated with the price decline. Had I hold on to them for a few more months, then I'd have become rich.
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When I was a kid, my parents used to tell me that my wishes would come true if I prayed to god. Back then, I believed them. But once I grew up, I realized that there is no use in praying. I am not an atheist, but I haven't prayed for quite long time.
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