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16541  Economy / Trading Discussion / Re: BTC and USDT on: October 18, 2017, 02:33:04 PM
It doesn't have to be USDT. You can sell your BTC for fiat, but it will be a bit more of a hassle. If you decide to convert to USDT, I suggest not holding it for long, because USDT is some shady shit. Take a read on some threads about USDT here in bitcointalk and you'll know why.

How to have an idea if bitcoin will rise or crash? Be updated on the news. Read. Alot.
16542  Bitcoin / Bitcoin Discussion / Re: Former Fed Chairman Ben Bernanke Believes Bitcoin Unlikely to Succeed on: October 18, 2017, 12:58:30 PM
Unlike most criticisms bitcoin receives, I'm actually fine with Bernanke's statement.
Quote
“Bitcoin is an attempt to replace fiat currency and evade regulation and government intervention. I don’t think that’s going to be a success.”
That's his opinion, and I'm fine with it. Unlike those statements saying "bitcoin is a bubble", or people comparing bitcoin with the tulip mania of the past, those stuff, which are obviously said by people who didn't do their research.
16543  Alternate cryptocurrencies / Altcoin Discussion / Re: Confusion on Bitcoin Cash on: October 18, 2017, 12:24:53 PM
Why has Roger Ver tweeted Bitcoin Cash is Bitcoin?

Because technically, the technology behind bitcoincash(BCH) is the same with bitcoin(BTC) in the past before SegWit, besides the blocksize increase. The reason Roger Ver and company don't like bitcoin(BTC) is because of SegWit, which they are obviously passionately against. The SegWit vs big blocks topic is debatable.
16544  Other / Beginners & Help / Re: Some worries about BTC/USDT trading exchanges on: October 18, 2017, 04:06:02 AM
Can't answer your questions to my lack of knowledge, but I suggest taking a look at these posts/topics. USDT is really some shady shit. I personally wouldn't hold onto USDT for more than 24hrs.
(Reddit) Tether has created $70 million in new Tethers in the past 3 days.
(Reddit) Tether scares the hell out of me
(Reddit) The truth about Bitfinex and Tether...
(Reddit) As 20m more Tether are issued today, I think it's important for people to know that an unbacked Tether could be a big reason for the recent...
(Blogpays.com) The Controversy Surrounding Tether’s USD ”Backing” Continues
16545  Bitcoin / Bitcoin Discussion / Re: why some country still not legalized bitcoin ? on: October 18, 2017, 03:37:33 AM
I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?


I am not too sure of my knowledge of it. but most of the countries do not involve because of many factors. one of the most influential factors is their national bank. that's what I know
Nothing can stop the rise of bitcoin. It is convenient and dangerous. Once bitcoin becomes a mainstream national standard, the central banks will have lost control of it.
Nothing can stop the rise of bitcoin. right. But alot of things can definitely significantly slow down the adoption. One possibly reason: global ban; very unlikely, but definitely will drastically slow it down as we will most likely not be able to use it in public stores.
16546  Other / Beginners & Help / Re: Best Wallet for android cellphone? on: October 18, 2017, 02:56:47 AM
Blockchain, Coinbase and Jaxx are good wallets for you. I personally use blockchain wallet in my android. It works good and max security.

Coinbase isn't a good idea because you don't have access to your private keys. Coinbase gets hacked? You're fucked.
Jaxx isn't a good idea either. They've had a couple of vulnerabilities that the support team didn't want to address.
Not saying blockchain wallet is bad, but it definitely isn't "max security".

I'd go with Copay, Breadwallet, Mycelium. Personally.
16547  Bitcoin / Bitcoin Discussion / Re: Service information doesn’t open on: October 18, 2017, 01:59:14 AM
What do you expect seeing? You should be able to see the main post and the replies. Bitcointalk.org is mainly a forum; it doesn't have a sort of "store" section with a checkout option like online shops do.
16548  Bitcoin / Bitcoin Discussion / Re: why some country still not legalized bitcoin ? on: October 18, 2017, 01:37:46 AM
It will take time. We are currently still in the infancy stage of cryptocurrencies. I don't even think most 3rd world countries' governments know about cryptocurrencies yet. Due to all those negative news they probably think that bitcoin is only being used mainly for drugs and other illegal stuff and for money laundering.
16549  Alternate cryptocurrencies / Altcoin Discussion / Re: Confusion on Bitcoin Cash on: October 18, 2017, 01:15:32 AM
Both factions couldn't agree on the blocksize debate, so what the "big blockers" side did was to create another version of bitcoin that supports a bigger blocksize. Downside of this is that it is kinda centralized due to it having very few miners.

Wallets that support it: Copay, Electron(changed version of Electrum), Blockchain.info, Breadwallet, Coinomi, etc

Should you dump it? You're choice. Do a good amount of research.
16550  Alternate cryptocurrencies / Altcoin Discussion / Re: Claiming Bitcoin Gold on: October 17, 2017, 02:20:26 PM
Bitcoin cash is a fork of bitcoin. Same thing will happen with bitcoin gold. So how many bitcoincash you have doesn't matter, since bitcoin gold will take the snapshot off the original bitcoin blockchain and not bitcoincash's. So.. no.

For more information on Bitcoin Gold: https://bitcointechtalk.com/bitcoin-gold-what-you-need-to-know-8b3e645be409
16551  Bitcoin / Bitcoin Discussion / Re: How bitcoin works ? on: October 17, 2017, 02:13:48 AM
There's too much information here in bitcointalk or in the whole world wide web in general to answer your question. Do some research.

A Beginner's Guide to Blockchain Technology: https://www.coindesk.com/information/
16552  Other / Meta / Re: How can I find my ID number? on: October 17, 2017, 02:01:07 AM
If you're looking for your UserID, click on your username on the left to view your profile, and look at your browser's address bar.



Yours is 1009145

16553  Economy / Exchanges / Re: BTC Debit card for non-EU residents? on: October 17, 2017, 01:19:33 AM
I'm not completely sure about this, as I have no sources, but I've read somewhere like a week ago that Coinsbank has a new issuer on board, same thing with Monaco. Which hopefully means cheaper cards and or cheaper fees.

Unfortunately it looks like most BTC debit card issuers uses Wavecrest, causing almost all btc debit cards to remove support to non-EU countries.

16554  Other / Beginners & Help / Re: Need find software to help bounty managers? on: October 17, 2017, 12:56:56 AM
I'm pretty sure bounty/signature campaign managers check manually, since they also need to check the post quality of the campaign members. Though they can use scripts to be able to automatically count how many posts a person made in a week, and if it reached the minimum character requirement of 75-90 characters, something like that. bitmixer had a website that could help you count your number of postcount on the current week.
16555  Economy / Trading Discussion / Re: I dont know what trading Style i FIT Losing Lot of Money :( Tips Guys (Newbie) on: October 16, 2017, 04:05:20 PM
All comes down to trial and error. You learn when you fail, you just have to minimize your losses. Don't go all in on every trade, use smaller increments(3% of total bankroll) as of now since you're just trying to learn. Or better yet, do long term investing instead.
16556  Economy / Trading Discussion / Re: Financial Crisis and Safe Havens on: October 16, 2017, 03:21:01 PM
2) During times of crisis people tend towards less risky investments. Thus I'm not quite sure whether crypto is a viable safe haven / financial crisis hedge -- yet.

They probably go towards less risky investments, but I think it's easier to get your money into bitcoin. They just need to connect their bank account to a decent exchange then they're good to go. Not like going towards precious metals or so. Not to mention bitcoin is digital so they wouldn't need to move physically heavy stuff. Just my 2 satoshis.

It's even easier to pull your money out of the market completely and wait for the dust to settle. Arguably that's one of the reasons why markets starts plummeting, once a bust occurs.

Also I wouldn't be so sure about it being easier to get money into Bitcoin. It's easier once you know how to buy and how to store securely, but I wouldn't say that that's the case for the general populace. Most people still have to learn how to get into Bitcoin. Even then you can just as easily buy bonds or gold ETF shares. Both of which are digital as well. Physical gold isn't that hard to move, unless of course you're trying to invest several 100k, in which case you'd probably just leave it at the bank anyways.

Err. You have a point there. I forgot to take into consideration that not a lot of people how to use or even knows anything about bitcoin in general. Pretty much the tech-savvier kinds of people have an advantage in case of catastrophes like this. Survival of the fittest, I guess? I wouldn't leave money in the bank though, when something like a huge inflation occurs.
16557  Economy / Trading Discussion / Re: Financial Crisis and Safe Havens on: October 16, 2017, 02:35:44 PM
2) During times of crisis people tend towards less risky investments. Thus I'm not quite sure whether crypto is a viable safe haven / financial crisis hedge -- yet.

They probably go towards less risky investments, but I think it's easier to get your money into bitcoin. They just need to connect their bank account to a decent exchange then they're good to go. Not like going towards precious metals or so. Not to mention bitcoin is digital so they wouldn't need to move physically heavy stuff. Just my 2 satoshis.
16558  Bitcoin / Bitcoin Discussion / Re: Why so many bitcoins have been mined. on: October 16, 2017, 02:17:10 PM
the rate at wich bitcoin are  mined by miners is something of concern for btc traders and investors coz the rate at which btc are minned is too high so after few years btc will increase in quantity and lose its value.

Looks like someone didn't do his/her research.  Wink

While bitcoin's hashrate increases due to more people trying out mining, the difficulty also increases, hence also lowering the bitcoins being minted. The difficulty gives bitcoin mining a sort of balance. And yes, the quantity will increase. But along with it, demand also will most probably increase, as long as mining difficulty. So it definitely wouldn't lose value. Not to mention bitcoin is only capped at 21 million.

https://blockchain.info/charts
16559  Other / Beginners & Help / Re: Buy bitcoin for 10USD, transaction fees is 6USD on: October 16, 2017, 02:03:08 PM
You definitely do not have to pay $6 transaction fees. I usually only pay only like 10 cent transaction fees. You only pay high if you're like in a rush. Depending on what wallet you're using, you should be able to adjust the transaction fees. Use custom fees if possible, since most "Super Economy" transaction fees still end up more than a dollar.
16560  Economy / Trading Discussion / Re: Trading Tips for Beginners on: October 16, 2017, 01:34:08 PM
When you say local markets, I'll assume you meant via something like localbitcoins.com whereas you meet up with the buyer/seller. With international markets, browse through the forums. There has been multiple topics asking for trading advice.
  • Always meetup at a well populated and well lit area, preferably with security guards/cops around
  • Bring a decently sized friend, in case of a confrontation
  • If you're the buyer, make sure that the seller chooses a decent transaction fee
  • Confirm through https://blockchain.info or whatever block explorer that the transaction is legitimate
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