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16481  Other / Beginners & Help / Re: Simple ways to earn Bitcoin? on: February 08, 2015, 03:16:56 PM
You can mine a shit(alt)coin, hold and hope there is a pump and sell for BTC. Luck required tho.
How to mine them? I can't do it on my laptop Sad

You can do it if the gpu of your laptop is quite powerful. Most of the altcoins are GPU-based so you shouldn't get a hard time mining them if you have a powerful GPU. Just download the mining software and set the configuration to whatever altcoin you want to mine and then start mining right away. A friendly tip, mine altcoins that you think would make it big in the market and mine it in its infancy and keep a bunch. Wait for it to be available in the market then sell for btc.
16482  Other / Beginners & Help / Re: How to hedge with Bitcoin on: February 08, 2015, 02:50:59 PM
How exactly can you hedge with Bitcoin? You can buy low and sell high, but how do you profit when the price goes down?
It is a risky investment, as you said, the price may go down. If the price doesn't go up, you would ultimately lose your money. It simply isn't a way to profit without risk, in the long run, you are likely to lose you money.

Placing your money in a form of investment is already a risk itself, so if you are a newb in trading, you definitely want to learn something before diving and risking your money. Try to get as many information as you can before entering into the risky world of trading or you'll end up burning yourself.
16483  Economy / Economics / Re: lets make bitcoin price high on: February 08, 2015, 02:37:49 PM
Unless you have the $$$ then you can actually make a bump in the price. Tbh, it is very improbable for a small group of people to move even $10 in the current prices. What you're asking for is difficult to achieve, because you can't tell people what to do, and the fact that not all people have the $$$ to buy bitcoins.
16484  Bitcoin / Bitcoin Discussion / Re: HODL, HOARD your cypto GOLD! All Hail the Hoarders! on: February 08, 2015, 01:59:10 PM
Hoarding and holding too much is against the concept of bitcoin as a "currency". It may increase it's value, yes, but without some bitcoins rotating around the economy, who would want to use it in the first place? A small number of coins rotating might increase the price, but it also slows down the adoption rate, which is another factor towards bitcoin's success.
16485  Other / Beginners & Help / Re: Question about exchanger's order book on: February 07, 2015, 05:09:49 PM
when i place a buy or sell order will i go in a Queue and have a turn for example the 10001st person
or
is it luck or any kind of other formula's involved
cause i feel like a bigger amount of trade happened and mine didn't go through yet!
for instance

if i place a sell order at 65 now does it mean that 5.1365 BTC should be bought in order for it to be my turn?

Yes, you are correct. If you place a sell order at 65 now, you need to wait for the other 5.1365 BTC to finish their sells too at 65.

Dread Pirate Roberts and dothebeats are confused. In your scenario, you will have to wait for the other 5.1365 BTC to be filled or canceled. If you price your ask (sell) lower or your bid (buy) higher, then you will go first. But if it is the same, then you are put in a queue at that price.



I got confused there tbh. Thanks for leading them to the correct line. I thought he's asking how the exchanges work basically. Turns out we're not in the same page. >.<
16486  Bitcoin / Bitcoin Discussion / Re: Facebook and other big retailers can now take Bitcoin effortlessly. on: February 07, 2015, 05:06:30 PM
They can if they want to. But will they do it? It's not Facebook that accepts it. It is the payment processors that has the final say.
16487  Other / Beginners & Help / Re: "Trolls" are the most valuable asset on btctalk on: February 07, 2015, 05:04:45 PM
Newbees need to know:

In 98% of cases a person on here is called 'a troll' or being accused of spreading 'FUD' that person is actually right.  

Just to share my experience with you.
On this board everyone is full of shit and the scammers are the most friendly and most 'official' ones. We have seen this time and time again.

Don't fall for the scammers and to-the-moon-pumpers.

You're quite right about some "scammers" that you're talking about. But most of the time, they do troll and scam people around here. So yeah, a bit no-no for the 98%.

Where'd you get that number anyway?
16488  Bitcoin / Bitcoin Discussion / Re: If Bitcoin took over.... on: February 06, 2015, 07:55:53 PM
If bitcoin took over, there wouldn't be no banks.
Just joking. if bitcoin took over, there would be no pressure from the banks to use their services and in turn, make the average man free from the chains of the banks. Sorry for the ideas in here. It's 4:00 in the morning. Hope after I wake up, I'll see a healthy discussion going on in here. Smiley

Wait, I'll ask you the same question: If bitcoin took over..
16489  Economy / Speculation / Re: Why the Recent Bitcoin Crash is Normal? on: February 06, 2015, 07:51:20 PM
If privacy really is the ultimate promise of cryptocurrency, and I believe it is, then Bitcoin is pretty much out of the game.

Why do you think so?
Because it has a transparent blockchain. Why would I want to make my transaction history available to anyone who cares to look?

It is there to make sure that every transaction in the whole chain is "clean" at the least, and no double spending or whatsoever occurs within the entire blockchain. Well even if the whole transactions are transparent as you say, still people will have a hard time remembering all those strings of numbers for addresses and anytime they can change their addresses to a new one, so as to add another layer of security to their own holdings.
16490  Economy / Economics / Re: number of transactions per day higher than ever on: February 06, 2015, 07:48:08 PM
ever since January, where we hit a low, the transactions per day have never been as high as they are now.

the number of unique addresses used is ~30% up from december 2013

miners are struggling making a profit with these prices (so difficulty is lagging behind)

why is the price lagging behind so much?

it has every reason to rise, and yet is doesn't.

There are a lot of factors that needs to be positive first before the price moves upward. Like you, I am also wondering what is the reason why the prices aren't up when there are a lot of positive things happening around bitcoin. Huh

more sellers than buyers...that's really the simple reason. We can all speculate on why people are selling more than buying, such as recessionary times require people to cash in their savings, or perhaps other investments are more attractive, or perhaps there's been huge liquidation that hasn't been made public.

Transaction volume is good for the "survive-ability" of Bitcoin. The more transactions that happen, the more people are using it...and a successful currency needs people to use it!

also the miner, which dump every day, when the block will halved, the buyers pressure will become stronger for sure, indirectly at least

The recent times are the hard times for people. Recession forces people to cash out their savings and search for a possible investment that may save them from it. And correct, the miners dump every day to cover up for expenses, which in turn causes the price to decline.
16491  Bitcoin / Bitcoin Discussion / Re: 2.5 BTC stolen i wanna cry :-( on: February 06, 2015, 07:44:40 PM
You're Girl scout?

yes :-( I guess electrum is safer wallet and will be trying to use it from now :-(

Can you explain better "what is happened"?

I signed onto blockchain.info to send some BTCs somewhere and my balance said 0.00 i looked and thhat was the last transfer to that address every fkn coin ughhhhh this sucks

As CrackedLogic told , check your pc  (and for the moment generate a new address on a new clean computer).

im leaving right now to go get a new laptop throw this one away fk fk fk... i knew i shouldnt have kept so much in 1 spot :-( i know not alot for some people but its taken me a long time to finally get that :-(

This is basically the problem for some people here using btc. Why would you keep such a high number of coins in a wallet that is always connected to the internet? You don't need to throw that laptop though. Just check for some spywares and malwares that may have caused the disappearance of your coins. Hope you've learned a lesson from this, though a very expensive one. Sorry for your loss.
16492  Other / Beginners & Help / Re: Best way to start off with Bitcoin mining? on: February 06, 2015, 07:40:46 PM
Hey, I am new in the Bitcoin Market, I am wondering how can I start off with mining? I did some research. I found out that That the Bitcoin wallet is one of the best ones, I also heard that "Pool Mining" is a great option? Is this correct? How much does a Antminer S3 441 GH/s make monthly, and can you use that for lite-coin mining and other crypto currency mining? Thanks

Mining? Definitely not a good time to mine. If you came up early in this field, maybe you'll get a nice profit. Before you start buying mining equipment, you must first calculate all the expenses you might face when you start mining. And also, decide whether your mining will really help you in making money by means of mining calculator. As for the miners, some miners are designed to "mine" SHA-256 algorithm-based coins and some are for Scrypt algorithm-based coins, so that means an Antminer can't process mining litecoins (a Scrypt-based coin.)
16493  Other / Beginners & Help / Re: Question about exchanger's order book on: February 06, 2015, 07:33:55 PM
when i place a buy or sell order will i go in a Queue and have a turn for example the 10001st person
or
is it luck or any kind of other formula's involved

cause i feel like a bigger amount of trade happened and mine didn't go through yet!

for instance

if i place a sell order at 65 now does it mean that 5.1365 BTC should be bought in order for it to be my turn?

Nope. Just like a normal market, if I placed my price at 65, and another person on the other hand sells his for also 65, it's up to the buyer whose item will he/she buy. There is no luck involve in here, it's just the decision of the person buying what item and whom will he/she buys.
16494  Other / Beginners & Help / Re: Bitcoin Address Question on: February 06, 2015, 07:23:18 PM
if thats the case, why do ppl have their bitcoin address on their profile such as for donations etc.  So they change it every single time they receive even 1 donation?  That wouldnt make any sense.

Using the same address for collecting payments AND STORAGE is a big NO. Why would you store a large amount of btc in one address knowing that it is prone to attacks and hacks because it is online when you can transfer it to a new address and keep it in a cold storage (offline wallets or paper wallets)? It's not that you can't use the same address for every transactions. It's just that you might want to reduce the risk of the vulnerability of your coins against hackers and thieves.
Indeed. Ideally you want to keep addresses separated, even use a different address each single time.

Yep. A separate address for spending and for storing is ideal. In fact, it adds a layer of security for you and your bitcoins. But if each transaction you would use a different address, that would be a pain in the ass. So mixing coins is a reality because it helps you secure your coins without creating a new address. Say create 10 different wallets for the purpose of mixing. Use one wallet that you will use for storage and the rest for transaction and spending purposes.
16495  Other / Beginners & Help / Re: Help please on: February 06, 2015, 06:44:25 PM
I've just started looking at bitcoins recently and a lot of the info I'm trying to find is not easy to comprehend being a newbie. Could someone please help me answer a few of these questions (bare in mind I'm a complete newbie so don't fry me for my stupidity):

When creating wallets I create multiple recipient addresses and get my coins. Can these address be deleted after my transaction history (same thing for sending)

Do block chains record the recipient (and sender) addresses or does it record the wallet address when creating a block chain history

I'm looking at getting a free wallet online, will they record my transaction history (ie the addresses that have sent me the bitcoins and how many and the addresses I am sending to)

What is the difference between creating lot's of different addresses and having a stealth address. Is it the same thing

What's the easiest way to send someone bitcoins (with least transaction/mining fees)

Also, if I get bitcoins and trade for litecoins how will this keep my trading anonymous considering all the transactions point to my bank account


1. Wallets can't be deleted. it is there forever.
2. The blockchain records every single transaction in the chain. One cannot simply delete it by any means.
3. Wallets are free, you won't pay a single penny to have one. Just be careful on what wallet would you choose.
4. Creating a lot of address can help you "hide" the majority of coins by means of mixing it to addresses and sending it to a "stealth" one. In that way, hackers may get a hard time tracing your bitcoins (but keep in mind that it can be hacked if you're not careful enough.)
5.You can always send bitcoins easily with least tx fees, but it takes a lot of time to confirm as it is placed in the "low-priority" bracket of transactions because of lower fees.
6. Trading bitcoins for litecoins can be done in an exchange wherein you can be anonymous. You don't need to expose your bank account in this kind of trades because the exchange serves as the medium of transaction (or the midman) if you want to exchange that bitcoins to litecoins and vice-versa. Exchanges won't expose your banking credentials anyways.

Hope I helped a bit in here.
16496  Other / Off-topic / Re: Which BTC wallet are you using on: February 06, 2015, 06:33:44 PM
The blockchain.info wallet and the Android wallet by Schildbach (if I'm not mistaken). Most of my holdings are kept in a paper wallet, laminated, and placed in a folder. Cheesy

I also want my BTC on a paper wallet but im very curious how to again use them after sending them to paper wallet?

You can always import the privkey whenever you need to regain the bitcoins in a paper wallet. You just keep it in a safe storage because it isn't connected to the internet--which means it is not vulnerable or prone to any thefts.
16497  Other / Off-topic / Re: Which BTC wallet are you using on: February 06, 2015, 06:25:02 PM
The blockchain.info wallet and the Android wallet by Schildbach (if I'm not mistaken). Most of my holdings are kept in a paper wallet, laminated, and placed in a folder. Cheesy
16498  Other / Beginners & Help / Re: How to mine btc (newbie question) on: February 06, 2015, 06:11:47 PM
You need the hardware (asic miners) and the software (those downloadable "trusted" miners). But if you want to mine, don't mine btc directly. You'll end up paying for more than your profit.
16499  Other / Beginners & Help / Re: Selling Bitcoins on: February 06, 2015, 06:03:22 PM
I sell on a local exchange called coins.ph They offer a fast and reliable service to their customers. As for you, you can try kraken or bitstamp, or Local Bitcoins.
16500  Economy / Speculation / Re: Why the Recent Bitcoin Crash is Normal? on: February 06, 2015, 05:37:57 PM
A crash would mean something below the $100s mark. Small dumping of weak hands can be the caused of this decline in price.
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