Bitcoin Forum
June 26, 2024, 10:18:29 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 [9] 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 »
161  Bitcoin / Bitcoin Discussion / Re: Is there any disadvantages or advantages of receiving BTC as a payment? on: October 26, 2017, 10:19:03 PM
Yes, there is. That's why we see only few business are accepting this kind of payment. They are hesitant because of it's price. The fluctuation of price can make their business unstable. If they accept bitcoin while it's still high and then it drops drastically. That's messed up. You lose your income and even capital. But some are brave to accept bitcoin as a way of payment be ause they know they could get a huge profit in return.

Some business that accepts Bitcoin has third parties. Some of them have partnership with exchanges which they are able to convert Bitcoin to fiat immediately as soon as they receive the payment. Alibaba for example. But the reason why it's not happen is because of exchange ban in China. Alibaba is a Chinese company. They were unable to get third party since exchanges there are banned.
162  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Gold on: October 25, 2017, 12:03:09 AM
Nothing special about this altcoin. This is not a really serious threat to bitcoin. Some people calling this a scam because it has a large premine. https://github.com/BTCGPU/BTCGPU/pull/2 . Just another pump and dump coin hit's an exchange. People are holding their bitcoin to obtain this altcoin. Can't blame them because it is quick money.  Who dont want free money? But as soon it's available to trade, people will just dump this altcoin like what happen to Bitcoin Cash(BCH/BCC). This is more likely what happen to Bitcoin gold. The price i think is much lower than the recent fork coin. It's current price is $142 a piece. It drops -70% . but i think the price will go up atleast $400 below.
163  Alternate cryptocurrencies / Altcoin Discussion / Re: Modum.io, the future of chain supply? on: October 24, 2017, 02:19:50 PM
Modum is a good one. Actually it's popular on the group on telegram i joined months ago and i think it's a decent one. This project was featured on world economic forum and have partnership with Lykke and some other huge companies and award winning project. Unfortunately, i have not buy some of MOD tokens because the token is over. The price back then was $1. I dont know what its price right now. But it can now be traded to etherdelta and coindex. Here's their ANN thread https://bitcointalk.org/index.php?topic=2091885.0

This is a good one. Low supply seems very attractive to people.
164  Bitcoin / Legal / Re: Bitcoin is ...nothing,acording to my country`s laws. on: October 24, 2017, 01:56:39 PM
Well, if they haven't find out. Then don't pay. There are no specific law regarding imposing tax to cryptocurrencies as far as i know. But if there is, then pay your taxes. But if you want everything to be clear. Then report your income statement to the government. From that, they will charge you tax for your trading activities and you are not going to have any troubles about taxes in the future. But for me, as long as there's no law regarding to that matter. I think i will not going to pay them. I will just wait until they find out. Anyway, i think government will implement this law in the future. So enjoy while government still not implementing that law.
165  Bitcoin / Press / [2017-10-24] Coinbase, Gatecoin and BTC.com Reveal Segwit2x Splitting Plans on: October 24, 2017, 08:33:54 AM
Coinbase, Gatecoin and BTC.com Reveal Segwit2x Splitting Plans

A hard fork to increase the block size is planned for the bitcoin network on or around November 16, 2017, at block height 494784, to fulfill the latter half of the so called New York Agreement. With roughly 23 days left until the change and many counter-arguments strewn across the net, many bitcoin-based businesses are starting to reveal fork plans in greater numbers.

Coinbase Reveals the Company’s Chain-Naming Plans


Several Bitcoin Service Providers Reveal Segwit2x Splitting PlansThe Segwit2x fork is approaching, and everyone is starting to talk about it more, as many people and companies are steadily planning their bitcoin storage solutions. Crypto-businesses are now increasingly stepping up to the podium every day to announce their contingency plans for this particular fork. One such company, the San Francisco-based exchange, Coinbase, detailed its fork plans a couple of weeks ago. The exchange did not reveal at the time the names of each bitcoin-based blockchain. Now the firm is stepping forward to detail its token-split naming plans.

“The result of the fork will be two different blockchains, which means there will be two distinct digital assets,” explains Coinbase.

"Following the fork, we will continue referring to the current bitcoin blockchain as Bitcoin with the symbol ‘BTC’.  We will refer to the new blockchain resulting from the fork as Bitcoin2x with the symbol ‘B2X’. If the Segwit2x change is accepted by most users, we may choose to rename these blockchains at a later date."

Coinbase explains there will be no action required by their customers, and all users with a balance of BTC will receive B2X on a 1:1 ratio. The company’s support for buys, sells, sends, receives, as well as “services for both chains may be disabled several hours before and 24-48 hours after the fork.” The company also notes that Segwit2x doesn’t have replay protection, but Coinbase has initiated its own replay safeguard. David Farmer, the Coinbase director of communications, also wrote a separate blog post for the company, revealing its “timeline and support” for both Segwit2x and the bitcoin gold fork. However, the San Francisco company emphasizes that “there are concerns about its [bitcoin gold] security and stability.

Continue...https://news.bitcoin.com/several-bitcoin-service-providers-reveal-segwit2x-splitting-plans/
166  Alternate cryptocurrencies / Altcoin Discussion / Re: What’s everyone’s opinion on Ripple (XRP)? on: October 24, 2017, 08:14:37 AM
This is a good investment. But many people doubt about it's feature. XRP(ripple) is associated with banks. So even me doubt about XRP. Is it decentralized or centralized? I see some bubble moment but i always ignore this. Back then, i buy XRP as much as i can. Im fortunate to get some profit from that. But now, im not believe in this altcoin. It's because it's being manipulated. And OH! I found something interesting about this project. https://www.japantimes.co.jp/news/2017/10/18/national/crime-legal/manager-ripple-cryptocurrency-exchange-arrested-scam/
Is this true?
167  Alternate cryptocurrencies / Altcoin Discussion / Re: DOGE INVESTMENT on: October 24, 2017, 08:01:00 AM
They are good for quick trades if you ask me. If you hold this for long term. I doubt you could get huge profit from these coins if you hold this long term. Poeple lose their interest to these altcoins. It's because developers are really not that active. Dogecoin has the potential to grow because many still support this altcoin. But don't know how long supporters will hold this. The supply of Dogecoin is continue to add more supplies every year. That's what's keeping Dogecoin at the lowest level. Devs must burn their 80% and stop add more supplies. I think that will make Doge a profitable in long term. But the problem is Devs are no longer active. Invest only small from these altcoins. It's very risky to invest huge amount from these. Whales are just pumping and dumping these coins. Observe.
168  Bitcoin / Legal / Re: If I sell my bitcoins do I have to pay vat on them ? on: October 24, 2017, 07:41:31 AM
If they require you to pay for tax, then pay. You can't oppose them since it a law and you need to comply with their law. But for as long as they are not requiring you to pay, then you are not obliged to do so. Youre fine. Some countries requires declaration of assets. But only public servants are obliged to do this, not citizens. Unless you did something bad like involvement in a corruption. Anyway, government will soon impose taxes to every users who trades bitcoin. That's for sure. So enjoy Bitcoin while it's tax free. There's no law yet created for taxation of bitcoin. Also once you sold your Bitcoin to fiat. You already paid you tax which the exchange get for every bitcoin you sold. Now, exchange will use it to pay tax.
169  Bitcoin / Legal / Re: BITCOIN IN AFRICA on: October 24, 2017, 07:24:32 AM
Some of the countries inside Africa's continent are already accepting and supports Bitcoin. Actually the growth of Bitcoin there is phenomenal especially Nigeria which over 100,000 of merchants there are now accepting Bitcoin as payment option. Also Zimbabwe which is the highest rate of Bitcoin ever recorded because of the demand for bitcoin is massive. Recently, Bitcoin almost hit $10,000 there. $9600 to be exact. It's because Zimbabwe is lacking of cash. That's very amazing. And i think many African countries will follow because of this.

 For exact list of African countries that are supports Bitcoin. Here
 https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

170  Economy / Economics / Re: Electronic Money vs. Physical Money on: October 23, 2017, 10:24:05 PM
Physical money or cash still what i prefer. We've been using this system for centuries. I don't think it will be vanish. Electronic money requires technology in able to use. Bitcoin for example. Bitcoin needed internet in able send and receive bitcoin. I don't think it's a convenient way for paying someone especially when peer 2 peer like groceries for example. Physical money does not require technology to buy or pay someone. You just have to give the cash. That it. The reason is because it has a physical appearance. But it will be better if both technology and cash merge together. Like credit and debit cards. This is the best example of technology and cash work together.

Cash will stay. No matter what innovations has happen to money. We still need physical form than money without physical form.
171  Bitcoin / Press / [2017-10-23] DRW and Other Firms Embrace High-Frequency Bitcoin Trading on: October 23, 2017, 10:10:28 PM
DRW and Other Firms Embrace High-Frequency Bitcoin Trading

A large Chicago-based proprietary stock trading firm, DRW, has embraced bitcoin trading over stock trading. DRW has pivoted in accordance with shifting trends in the economy and in the fintech sector. Traditional stocks do not move like cryptocurrencies, and the higher volatility of bitcoin markets means larger gains. Other companies have also dove into the gold rush of bitcoin tradinTide


A Financial Times article expanded on DRW’s Foray into the crypto space: “DRW of Chicago, one of the world’s largest proprietary trading companies, has led the charge. About a dozen of its more than 800 employees buy and sell bitcoin at a subsidiary named Cumberland Mining, which was established in 2014.”

Multiple Firms Follow the Tide

DRW has not been the only company to lunge into the digital currency ecosystem. Several major firms are interesting in capitalizing on the growing bitcoin markets. Names include Jump Trading, DV Trading and Hehmeyer Trading + Investments, according to the Financial Times article. The Chief Executive of DV Trading commented on their interest in the space:

" volatility in asset classes is at all-time historic lows — everywhere except for cryptocurrencies. So there’s obviously a lot of interest in this space."

The Financial Times article mentioned even though the stock markets are trading at an all time high, they only record a few daily moves of 1%, whereas the crypto markets were up 6% on Friday.

Continue reading....
https://news.bitcoin.com/drw-and-other-firms-embrace-high-frequency-bitcoin-trading/
172  Bitcoin / Legal / Re: Law To Declare Bitcoin Ownership on: October 23, 2017, 02:22:02 PM
Well, there's no such law that requires people to declare their bitcoin ownership. But by regulating exchanges. You need to comply to government wants. And that's the giving your identity. In that way, I think you already declared your bitcoin ownership. But still that depends in your country's law. There are countries that are required to declare their assets to the government. That is to prevent corruption in their nation. But i think this is applicable only to those people who are working in the government. Anyway, the possibility still exist. We have no power to oppose government's will If they require us to declare our bitcoin ownership..
173  Economy / Service Discussion / Re: Bitcoin Mobile Miner - Simple Android Mining v1.1 on: October 23, 2017, 09:18:44 AM
I don't think mining with CPUs are profitable. But i like the idea of mining thru phones. But smartphones are not meant to use for mining. It will just burn and toast your phone because of overheating and gets nothing. It's not worth it if you ask me. It's a total waste of time and not worth the phone. Better buy appropriate hardwares for your mining. Anyway, the application looks suspicious to me. 100 satoshis per minute? Isn't that huge for CPU mining? Better careful with these kinds of apps.
174  Other / Off-topic / Re: Why does not everyone invest in cryptocurrency? on: October 23, 2017, 08:55:21 AM
Maybe because they don't know it yet. They are lack of knowledge about this technology. Some of them don't have any access to internet. So they don't have any idea about it. Actually, here in my country(Philippines). Cryptocurrency is not so popular here. Because they don't have access to internet. Also one of the reason why people don't invest to cryptocurrency is they are not tech geek or tech lovers. They are skeptical about putting their money into something they dont know because they are not into tech stuffs. They are not easily believe on what they see in the internet. Some of them are scared because of the FUDs they read about cryptocurrency.
175  Economy / Service Discussion / Re: Bitcoin Wallet for Canadians on: October 23, 2017, 08:37:39 AM
You can try other offline wallets mate. Electrum and Mycelium is the beet so far. Im using both of them and never encountered any problems. Coinbase is a US based wallet/exchange. You have to comply with their terms and regulations in order to use their service. You have to give any copy of your identification documents. That's sucks. Mycelium wallet has Buy and Sell option. You can buy thru your bank account both US and Canada. Also has a function like localbitcoins which you can locate traders who wants to trade their Bitcoin near to your place. Anyway, don't use any web wallets like coinbase or xapo because you don't have access to your private keys.
176  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC Dominance: 58.9% and counting. Is altcoin market is over?? on: October 22, 2017, 12:29:54 PM
No it's not over for altcoins mate. Just relax mate. Don't drink too much coffee. Lol. People's attention are on Bitcoin right now. Just wait after the fork. People just want to have some split coin which Bitcoin Gold. Wait until they dump it. And the volume of traders will go to altcoin markets. Actually this is a great time to buy some cheaper altcoins. They are on crash right now. Ethereum, Litecoin and IOTA. They're all on correction right. But the potential is still there. Just have to wait. Yes, Bitcoin is dominating altcoins. But that's just a stats. This is not mean altcoins already loss and don't buy them anymore because Bitcoin is dominating. Just wait and see. After the fork. Altcoin market will be bullish again as soon as they dump all their BTGs.
177  Bitcoin / Press / [2017-10-22] Seven Japanese Bitcoin Exchanges Announce Bitcoin Gold Hard Fork Pl on: October 22, 2017, 12:11:45 PM
Seven Japanese Bitcoin Exchanges Announce Bitcoin Gold Hard Fork Plans

Seven of Japan’s leading bitcoin exchanges have announced their policies regarding the planned Bitcoin Gold hard fork of the Bitcoin network. The country’s largest exchange, Bitflyer, plans to distribute and trade the new cryptocurrency. Some exchanges will only distribute the coins, while others are taking a wait-and-see approach.

Bitcoin Gold Hard Fork

Seven Japanese Bitcoin Exchanges Announce Bitcoin Gold Hard Fork PlansThe Bitcoin Gold hard fork of the Bitcoin blockchain is expected to take place at block 491,407, which will likely occur on October 25. A new cryptocurrency, bitcoin gold, is expected to emerge from the fork. Over the past few days, major Japanese bitcoin exchanges have announced their plans regarding this hard fork and how they intend to deal with the new cryptocurrency.

Bitflyer
Seven Japanese Bitcoin Exchanges Announce Bitcoin Gold Hard Fork PlansJapan’s largest bitcoin exchange by volume, Bitflyer, announced on Saturday that its customers will be credited with an amount of bitcoin gold corresponding to the amount of bitcoin in their accounts prior to the split. No suspension of service is scheduled. The exchange wrote:

"If the BTG [Bitcoin Gold] split is deemed by Bitflyer to be permanent and secure in regards to customer assets, on November 1 (tentative), users will be credited with BTG and purchase and sale of BTG will be made available on Bitflyer.
In addition, the exchange detailed “after sufficient observation of the stability in the BTG chain after the split, BTG deposit and withdrawal services will be made available on Bitflyer.”


Coincheck

Seven Japanese Bitcoin Exchanges Announce Bitcoin Gold Hard Fork PlansCoincheck announced its plans for the Bitcoin Gold hard fork on Thursday. “We are planning to provide bitcoin gold if a Bitcoin Gold split occurs,” the exchange wrote. However, Coincheck explained that there are circumstances where it may not be able to provide the new cryptocurrency, including a lack of adequate replay protection, miner hashpower, or protection from other vulnerabilities. In addition, the coins will not be made available if Coincheck decides that the “listing of bitcoin gold is inappropriate.” Currently, no service suspension has been planned. The exchange wrote:

"We are planning to distribute bitcoin gold after we confirmed its security and stability. We haven’t determined the specific date and time yet."


Continue reading
https://news.bitcoin.com/japanese-bitcoin-exchanges-bitcoin-gold-hard-fork/
178  Alternate cryptocurrencies / Altcoin Discussion / Re: Whats Bitcoin gonna do now till Christmas? on: October 22, 2017, 11:59:47 AM
This is purely for thinking about Altcoin trading. (don't move please mods)

What is most likely to happen through the coming forks, Gold and the November fork to the price of Bitcoin? And how that will affect the alt coin markets.

Well, maybe altcoin market will still at the bearish status. Attentions of people are on Bitcoin. We anything about that. We can't dictate them what to buy. It is what it is. I think Bitcoin still keeps on bubbling at the end of the year IMO. While altcoins stuck from on red marks. That's how it works. If Bitcoin surge, altcoins are falling. That's why in this situation, you need to diversify your portfolio. Bitcoin is a sure profit. So keep 50%-60% on Bitcoin. And the other is for  altcoins. You know, just for assurance that it could cover your loss once you loss to altcoins. Anyway, bearish market i think may take long. So it's recommended that you only use small percent of your portfolio on altcoins.

Bitcoin rally is not over. I think the price will go atleast to $7000-$8000 at the end of the year.
Bitcoin gold will probably will lose against Bitcoin. People will just dump Bitcoin gold for Bitcoin. So expect the price surge after the fork.
179  Other / Meta / Re: [Poll] What do you think of the forum's usage of reCaptcha? on: October 22, 2017, 11:43:52 AM
Not a problem at all. It's to me. Besides, it takes only seconds to solve them. It's just account farmers are annoyed with this function because they have to do Captchas everytime they log in to their othet accounts. Anyway, if it's for security. Then why would i oppose that? Actually you can stay and keep your account always logged in. Just check the always logged in. That's it. You don't have to solve captchas if you are really annoyed at it. What i really don't like about captchas, typing words and letters. Those really annoys me. But i never encountered that in this forum yet. Hope not.😄😄
180  Economy / Speculation / Re: For god's sake don't crash in my hands ! I am still holding the bag ! on: October 22, 2017, 11:10:36 AM
I don't know what you are talking about. If Bitcoinis what you're reffering to. Then you're absolutely wrong. Bitcoin is not crashing. Actually it's already sets a new all time high ($6100). If you are talking about altcoin. That sucks. Bitcoin is really killing those altcoins. They are all bleeding. Just wait and see how long this bleeding stop. I lost on them too. But im still keeping those altcoins in the future. Hoping i could get huge profit from them. People's attention are on bitcoin right now. They don't want to trade them for altcoins. That's why the market is bearish. But patience is the key to success mate. Don't lose your patience. Bullish market will be back soon. Just wait until after the fork.
Pages: « 1 2 3 4 5 6 7 8 [9] 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!