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15841  Bitcoin / Press / Re: [2018-07-01] Rumors: Flood in Sichuan China Destroyed Bitcoin Mining Centers on: July 02, 2018, 09:04:37 AM
Right on Rahar. I think companies affected also probably have contingency planning. Ie. If machines are destroyed they can be easily replaced (spare parts or even entire rigs that can't already be used due to electricity limitations or simply profitability efficiencies).

Flooding and earthquakes are surprisingly common in Sichuan. I expect insurance to kick in at worst case scenarios.

No hashrate effect unfortunately, guys.
15842  Economy / Gambling discussion / Re: Life with a Gambler - Solution! on: July 02, 2018, 08:10:01 AM
Like all forms of addiction/affliction, pain or suffering, it's actually really difficult to empathise if you've never experienced it before. As I grow older, I am more open to trying to understand things, no matter how insensible they seem to me. I can't ever see myself losing control in gambling, but perhaps I've never really made myself vulnerable to such situations. I do find shades of irresponsibility within my limits - countless times losing a bit more than I intended to, a few times depositing more when I promised not to, just to chase back losses. But perhaps on worse days, less desirable personal situations, I could have gone a few steps farther, and then it's hard to say what could have happened next.

Living alone is always going to be difficult, no matter the rigours of self-discipline. It's good to see the recognition that having friends and family help keep an eye on you, having first being open about the problem, is critical to keeping that addiction at bay.

As audacious suggests above, perhaps keep control of finances. Bitcoin makes this a bit easier. Keeping the private keys on savings and income, and funneling whatever you're comfortable with to her, until she can trust herself again.
15843  Economy / Speculation / Re: Time to buy on: July 02, 2018, 07:32:34 AM
Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.

Basically they will lose money going both directions. Due to greed and emotion.

that's why most people are losing traders---they buy the top and sell the bottom. it's just human nature. at the lows, they think "it's dead." during the bubble, they wait because they want so badly to be right. then at the highs, they think "new paradigm" and buy the top. then they're too stubborn to sell/short when it crashes; they wait to sell the bottom.

as much hate as the asset bubble chart gets around here, it's pretty accurate if you see it as a cyclical kind of thing.

Yeah, it's really the crowd that moves the price, rather than the whales as the most convenient reasoning. Whales and manipulators - if they truly exist - set things in motion, but it's really the mainstream sentiment that are the self-fulfilling actions for the prophecies proposed. And even though the logic has already been identified that the best time to buy is when everyone thinks "it's dead" and the best time to sell is when everyone thinks "it's mooning", human nature takes over.

I also agree with the bubble reference, but only with its cyclical connotation rather than a single devastating event.
15844  Economy / Speculation / Re: BTC next stop is 5K$ on: July 02, 2018, 07:10:17 AM
The price has really touched the 5k earlier this week. Current growth is really bad and this is the right time to buy more coins. So invest as much as one can and gather more coins. I just went through coinmarketcap.com. Every coin including top listed coins are really cheap and worth buying. The profit is for sure down the line in December 2018.

Not sure which chart you were looking at, but it broke the $6k support sure, but wasn't really near $5k at all. Even then, it bumped quickly back up above $6k where it's been for two/three days now. Again, not saying it won't touch that 5k - I personally am ready for lows that will test and break $4k, but realistically even $5.5k would be the real struggle for the bears over the next couple of months.

Can't argue that most coins look like good value buys right now, when compared to ATHs, assuming that they will again reach them when Bitcoin rallies. But I'm really not sure alts, save the few with use, can really pull the same weight again and again.
15845  Economy / Speculation / Re: Time to buy on: July 01, 2018, 03:49:29 PM
Everyone that has just recently hear about Bitcoin at the ATH of $20,000 has been asking me consistently, day after day, "What happened to Bitcoin?", telling me "Prices are down!" and questioning the security of Bitcoin without fully understanding anything about it.

For anyone that actually gets discouraged by this kind of talk, let me just remind you that back in 2012 I had hundreds of BTC and I let everyone around me (family, friends, teachers, etc.) convince me that Bitcoin wasn't going to go anywhere and that I was wasting time. If I had only listened to myself, rather than what everyone else was telling me I would be an extravagant millionaire. So now, my response remainds the same each time I am faced with these concerns.

It is a great time to buy BTC, don't miss another opportunity. I no longer try to explain Bitcoin to people, and simply refer them to the whitepaper; if they are unable or unwilling to read through that, then there is clearly not enough interest to warrant a serious conversation.

Has anybody else regretted their decision to liquidate a large amount of BTC back in the day, been discouraged by those close to you in regards to BTC, or have any thoughts on my million-dollar lesson?

Didn't realise you were not only an early adopter, but an early owner of significant amount of coins. Sorry to hear you were convinced to let go of them but am equally glad that you pulled through.

Now, I don't have much opportunity to tell people to be discouraged. Generally, I don't even encourage people to buy Bitcoin (I do encourage them to use/accept it) but yeah, I've seen my fair share of people now disclose their unsettled minds at this time. I still am happy to talk to people about Bitcoin as long as they show interest (but only if asked never volunteering to tell)... but yeah always moving away from price fixations.

I have few regrets relating to Bitcoin, even feeling less and less regret that I didn't get in earlier despite having known about it years before I finally did in 2016. Lessons are always easier to learn in hindsight. And things can change quickly. Good to have you with us, and active in this community. Hope we're all still around years from now - regardless of where Bitcoin's price takes us.
15846  Economy / Gambling discussion / Re: Really! Where is the fun at? on: July 01, 2018, 03:31:59 PM
Well, I can't say I haven't had fun in offline casinos and only a handful of experiences. All of them have been pretty much short-lived, and always in the context of having a holiday or the intention to blow off some cash.

But online? And especially on Bitcoin casinos? Definitely fun to kill a bit of time chatting (yep that's that community aspect) with the regulars. I don't participate so much but there's always someone hosting fun games every now and then for small prizes (don't have those in offline, just random draws maybe that you've got to wait hours for). And then I've also been lucky enough to be around when big jackpots are hit. These winners tend to be quite... generous.

So in summary: the interactive features/interaction of Bitcoin casinos, where there are chat functions anyway. That's probably the most fun people have and talk about. But if you're talking about glitz, having a pretty lady/boy deal you your cards, free flow drinks and snacks, well, those lose their novelty quickly.
15847  Bitcoin / Project Development / Re: Building a list of affiliate programs that pay in BTC on: July 01, 2018, 02:53:42 PM
Definitely not a lame idea, affiliate marketing very seldom is, once you've built up enough of a presence in the industry you're targetting. I used to have a few many years ago, with some success and decent revenue, but the moment I left it, it all disappeared. Even dabbled with Bitcoin casinos on my own but found that the gambling targetted audiences I had access to weren't quite ready to either use Bitcoin or to switch from familiar casino names to pseudonymous casinos. You should check out gambling too, these affiliate programmes even pay out direct in BTC, no Bitwage hassle.
15848  Economy / Speculation / Re: Hi Legendaries! Any predictions as to when will the bitcoin will rise frm 2day? on: July 01, 2018, 12:10:31 PM
You shouldn’t trust or trade based on what Legendary members say, many of us know no more than a Noob when predicting specific times of price breakouts.

Your safest bet is to HODL until after the next halving (approx May 2020). Again only my opinion,  believe that we will see 1 bitcoin at a value of over $50,000 then.

Do your own research though & don’t trade based on what anybody else says. We’ve been in a bear market for around 6 months now, many people are predicting lower prices. If you can HODL for a few years though then now is a cheap time to buy & you’ll almost certainly get good profits if you buy now & wait a few years.

I'll second that. I have Hero status simply on virtue of having signed up and been active here for almost two years. Had I remembered my original account login details from even farther back, I'd likely have been Legendary within months of using Bitcoin in 2016 - that wouldn't have been an accurate reflection of my knowledge then, it's by no means a reflection of the knowledge I possess today!

That said, I guess actively following Bitcoin's price for a long period of time tells the Legendaries that there's benefit to ignoring price movement in the short term. It's taught me, even in my short time, that "all this has happened before and all this will happen again".

As LFC says, it's just been 6 months. We know the market's been in years-long downtrend so we can't dismiss the possibility of another long "winter".
15849  Economy / Gambling discussion / Re: Bitcointalk's FIFA World Cup Pool Discussion Thread on: July 01, 2018, 10:29:45 AM
hehe thanks mate , today was perfect 5/5 with at least X2.00 odds but still 15th on pool leaderboard
well for today I didn't make any parlay cause almost all selections had great odds so found there is no need for it

I just did a 50 euros one though in sportsbet , taking both Spain and Belgium to win their games and used the price boost to get X2.34

for tomorrow I have Russia to score at least a goal for X1.84 , Spain to win and over 2.5 goals for X2.5
Croatia to win and under 3.5 goals for X2.08

not confident about them to be honest , but I think they all have good value to play

Whoa. Really nice wins. I started out so well on the first group games actually, but haven't won anything for a while, mainly because have been chasing huge parlays. I suspect we'll see at least 1 extra time game today, but the way the tourney's been going so far with the teams playing today, I'm hopeful we won't see penalty shootouts.

So okay. I like Croatia a lot but Denmark have been really showing up, so maybe a change of fortunes will happen if I take a ML bet on the Danes @5.5: https://www.bitcoinrush.io/sportsbook/ShareBet?id=%2Fh7BP3fRqB9%2BcDxs09kmPnm4xFxLj%2B2%2FMhA9rNZ6lsQ%3D

Spain have got to win this, or my bracket's further screwed. But damn Russia on steroids.
15850  Bitcoin / Project Development / Re: How to turn a 2+ years old nonEnglish cryptonews site self-sustaining? on: July 01, 2018, 09:22:27 AM
I have a question for you: how much of your content is original and local? As in, how much of the news or content that you post is fresh, found nowhere else, and originates from Hungarian-only sources? If it's significant, you could consider partnering with other English-content sites to sort of syndicate your content with them.
I doubt that all of it his original content. Looks like he has aggregated the data from other news sources, I could be wrong though. Instead of partnering with English sites, he can hire a translator who does all of it for him.

This might not do much to increase revenue but it could diversify your audience, perhaps even bump advertising revenues. Just a thought.
He already is limiting the website by targeting specific audience. I mean out of their population how many would be into crypto and then filter from among them who would actually look for blogs to read crypto news. The resulting number would be like he said around 60k or so.

Yes, but partnering won't cost him anything, and also solves the issue of rights, because it's actually considered stealing if you simply use the content and translate him, plus partnering means backlinking from both sites - he already says he has quite a bit of organic traffic, so that's okay and actually good. 60k organic traffic is actually quite a big chunk, and specific audience can be leveraged. Small readership but actual interest, that's actually really hard to achieve.
15851  Economy / Marketplace / Re: Pirate Bay warning: internet provider forced to hand over names on: July 01, 2018, 08:07:39 AM
-snip-

You are kidding yourself if you think your ISP isn't already handing over your IP and browsing habits to the government. I'd recommend having a look at privacytools.io and start taking steps to protect yourself online.

You're kidding yourself if you think that sort of thing happens for clandestine reasons and that privacytools.io is going to be enough to prevent that Wink

You're also wrong in your assumptions on what I think. Of course we should all operate on paranoia and assume the worst of the government. Is our use of Bitcoin not proof that we mistrust the state? My surprise was not on the thought of it happening, but on the public facing of it. My surprise is that an ISP was actually taken to court because it wouldn't hand over these data.
15852  Economy / Gambling discussion / Re: Bitcointalk's FIFA World Cup Pool Discussion Thread on: June 30, 2018, 08:58:48 PM
last game went good for me betting winning over 2 goals , also added theo picks and went for both teams to score and France -0.25 so 3/3

as I said I have Uruguay to qulaify , but looking at the odds now I will also take Uruguay to win since the odds X2.95-3.00 in different bookies and looking at the past games for both teams we can see that Uruguay played way better and Portugal was an inch away from getting knocked out by Iran

Nice call Sy. I lost my parlay, but not by too much on the Argentina game - definitely the pick of the tournament so far, almost worth having to put up with some of the group games. I wasn't even really upset by the first penalty (that has a way of ticking me off in the WC so far), and that the game went up even more notches after every goal is just the sort of reminder we need of all the abilities on display. My bracket's tearing up so far, and betting's not improving at all...

... but on the bright side, my other "favourite" from this side are through, didn't even need Suarez to score. Scored me 266 points too, though I suppose it won't do much on the table as others got even better.

My Joker's waiting tomorrow...
15853  Economy / Speculation / Re: Do you believe that the price is controlled by whales/manipulators? on: June 30, 2018, 04:01:13 PM
Well, there's recent research that supports a correlation between social media sentiment and Bitcoin's price (with further details to discover some possible room for causation), but it's probably also important to note that most of these whales aren't actually active on social media (or bitcointalk), at least, not regarding price action and speculation.

The research actually sees that the effect of these are amplified with their rarity of participation. So guys like us who discuss it a lot have less impact than a guy who comes out every now and then to say something.

Do I believe it? Yes. Does it matter? Not really. I'm a holder and a long-term believer.
15854  Economy / Speculation / Re: Calling bottom in September 2018 on: June 30, 2018, 03:38:50 PM
Since this is 3rd halving now people are sure that is expected and will trigger price increase earlier.  So yes, Bitcoin will get to old ATH so $20000 on Jully 2020

The block halving is just one aspect. We have LN on top of that, and the most important short term development will be the potential ETF approval this year or next year.

If this ETF gets approved, then prepare for one heck of a bull run. The main difference is that with the upcoming ETF retail traders are more or less excluded due to the very steep entry point of 25BTC per share. What makes this a bullish event is that this ETF will be backed with actual coin supply. With futures you buy an empty non existing product, with this ETF there is underlying value of the asset itself. Coins are being taken out of circulation, and that's all that matters.

We need more use cases where coins are being taken out of circulation. This ETF is one and LN will be one.

Yeah. And it has been as aspect that's been considered even as early as middle of last year, which leads me to believe much of this was priced into the December rally (and perhaps forgotten, and will play a considerable part in pushing another rally leading up to it).

But like you, I tend to believe that it's the strengthening of what already makes Bitcoin so valuable that will eventually add on to its price: LN is definitely one of those. Yes, as a scaling solution (albeit temporary one in the span of years) but also an indication that the network continues to develop as needed, in the same careful, cautious approach that has built Bitcoin's reputation as mature and robust.
15855  Economy / Marketplace / Re: Pirate Bay warning: internet provider forced to hand over names on: June 30, 2018, 01:07:05 PM
In my jurisdiction, it has been almost the same case, whereby individuals would not be punished but the provider of the access (the ISP) would have been the one. It is technically individually illegal to download pirated content, but the ISPs here took the stand last year to de-risk and simply block access to these sites.

I'm actually really taken aback by this decision, and in Sweden of all places. I wonder what's next. Exchanges forced to hand over the IPs of anonymous, unregistered, unverified users?
15856  Economy / Gambling discussion / Re: Bitcointalk's FIFA World Cup Pool Discussion Thread on: June 30, 2018, 11:39:12 AM
where you find that Argentina are favorites to qualify mate ? they are the underdogs everywhere moneyline and to qualify even in bitcoinrush

Hmm. You're right, I'm checking again and France are the clear favourites to advance, but I could've sworn yesterday it was slightly tilted in Argentina's favour (I only check Bitcoinrush/Pinnacle and oddschecker.com). Perhaps it was a boosted odds I saw on Argentina, though can't find it again today.

I guess the predictor includes the two extra times (not injury time) in case the match ends in a draw...?  Just wondering. 

And I think that makes them harder to predict.  Hmmm...

Yeah, it's on the full-result of match. From the rules: "Points for predictions are awarded based on the match result in regular time and extra-time. Penalty shoot-outs do not count towards predictions for Match Predictor."

Even bets on sportsbooks now consider full time including injury and extra time. But I'm confident neither game today will reach extra time or penalties.
15857  Bitcoin / Project Development / Re: How to turn a 2+ years old nonEnglish cryptonews site self-sustaining? on: June 30, 2018, 11:28:59 AM
I have a question for you: how much of your content is original and local? As in, how much of the news or content that you post is fresh, found nowhere else, and originates from Hungarian-only sources? If it's significant, you could consider partnering with other English-content sites to sort of syndicate your content with them.

i.e. You agree to provide English versions of unique stories to an English site, translated from your content, for publishing, and they, in return provide you with stories in Hungarian to publish on your site.

This might not do much to increase revenue but it could diversify your audience, perhaps even bump advertising revenues. Just a thought.
15858  Economy / Gambling discussion / Re: Bitcointalk's FIFA World Cup Pool Discussion Thread on: June 30, 2018, 07:56:27 AM
Too many predict France as favorite tomorrow but from what I have seen in their games they have big difficulty scoring goals. On the other side Argentina is just recovering and if they fine-tune their forward repart they can crash any team and win the World Cup. For this game I have used the jolly on what I think it would be an equal game and we will see penalties.

to be honest I was expecting way more from France this world cup and yeah they are really overrated , still not sure what to bet but may take Argentina to qualify since it seems to have better value

at the moment I only have Uruguay to qualify tomorrow against Portugal was able to catch it at X1.93 in betfair and I guess the price is more than reasonable since Portugaly mainly relying on CR and to be honest they almost got punished by Iran so can't see them passing ( unless the last Euro scenario happens again  Cheesy )

Yeah I saw the bookie odds for progressing to the next round and can't believe Argentina are the favourites against France (while they're the slightly less favoured ones in a straight match win). Are they better at penalties than France? Don't believe so. But yeah, they'll benefit for having the tougher time adjusting in Russia.

I was thinking then to hedge my bets by taking a France to qualify @2.6 but then again, where's my faith if I don't just trust my gut right? So my single parlay for the day is for both South American giants to whoop ass @10x: https://www.bitcoinrush.io/sportsbook/ShareBet?id=LBX4HEPV0SlW%2F7HSS%2FzXmeLvDRmZu5Qp7YdFeoCIkU0%3D

15859  Economy / Service Discussion / Re: Will you guys check out my Bitcoin news site and let me know what you think? on: June 29, 2018, 05:48:38 PM
I'm going to just respond to OP's particular complaint about not being able to find a single source that aggregates all the relevant news in a single space. I personally don't mind a very narrow feed from coinspectator (which, if I recall actually also launched on this forum) and faws. They're both real time news aggregators. You can filter out a lot of the noise (but you'll still of course get a lot of it, depending on your chosen sources.

These, at first glance, are superior to your offering and seem to give you all you need. To launch another, you'd need to improve on what these guys offer/ I suggest a service that translates foreign sources into English as something I'd find really really useful. I know for sure there's so much Bitcoin discussion going on elsewhere that's not in English.
15860  Economy / Speculation / Re: Bitcoin goes to $5,900.... on: June 29, 2018, 04:16:51 PM
So a week later and we're still trying to push past the same $5,900. Looks like a struggle even for willing bears at this volume. I myself still think the lowest low we'll see in the next 5 months is only just below $5,500, so I'm happy to see my "prediction" still some way to go.

If you're really buying into the 80% of people are dumping, and you're not sure of where you want to be in the next few years (or aren't even thinking beyond this year), then yeah, you should probably get out now.

Some persons are tired of waiting. A lot are cashing out because  of fear that place may slump deeper  the good news is that some smart investors are entering the market to take advantage of the relatively lower prices of bitcoins

Yep. Six months is really such a long time to wait. Waiting is for traditional markets. Bitcoin is moon now, lambo tomorrow. Good that this bandwagon's dropping people off. I want a bigger share on the cart.
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