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1661  Economy / Economics / Re: Invest your bitcoins. on: June 17, 2017, 06:52:37 PM
I always investing coins in bittrex exchange platform due there are lot of potentials altcoins out there.
It is really better to invest it if you want to grow your coin at once.

Altcoin investment is extremely risky nowadays. Speculation has driven up the prices of most of these coins beyond the viable thresholds. A huge bubble is forming, and it can burst at anytime. If the Bitcoin prices crash after August 1, then the prices of these altcoins are going to crash even faster. So be careful with your investments.
1662  Economy / Speculation / Re: Will we ever see bitcoin lower than 1000$? on: June 17, 2017, 06:49:40 PM
It is quite possible, if a split occurs after August 1. The two factions will sell coins under the control of the opposing faction. A huge dump will crash the prices to sub-1,000 levels, and it may take several months, or years for the exchange rates to recover. This means bad news for all the other crypto-currencies, as most of them are either directly or indirectly linked to BTC.
1663  Bitcoin / Press / Re: [2017-06-17]Chinese Miners Support New York Agreement On Scaling The Bitcoin Net on: June 17, 2017, 06:47:07 PM
Good to know that in two days we effectively will know if the support from "80% of the hashrate" is true.

I am a little bit confused about the threshold. Is it 80% or 95%? In some threads here, I have seen users mentioning 95% as the necessary consensus needed to activate Segwit2x. And here, you are talking about 80% hashrate. So which one is correct?
1664  Bitcoin / Press / Re: [2017-06-15] Bitcoin tumbles 12%, erases gains for June on: June 17, 2017, 06:44:07 PM
I am afraid that we may not witness any significant movement in the prices before August 1st. No one knows what will happen to Bitcoin after that date. It is quite possible that we will witness a split, similar to what happened with Ethereum. But we should also remember that Ethereum emerged much stronger after the split.
1665  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the best trade you ever made? on: June 14, 2017, 06:53:17 AM
A few days back, I did some BTC-ByteBall trade and made handsome profits. I knew that the Byteball prices would decline after the airdrop. So I shorted my Byteball coins for around $800 per coin (BTC0.30). After the airdrop, the prices crashed, and I bought them back for around $700 per coin (BTC0.24). I am planning to repeat this before the next airdrop (in July).
1666  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What altcoin should i buy? on: June 14, 2017, 06:49:46 AM
I would like to suggest 4 different altcoins. You can decide whether you want to go for them or not after careful analysis.

1. Ether: Right now, Ether has emerged as the major competitor for Bitcoin. Those who missed the boat with BTC are throwing their weight behind ETH. Now it is starting to attract the institutional investors.

2. LTC: One of the oldest altcoins, but it has been dormant for quite some time. Now Charlie Lee has once again entered the LTC sector. We can expect some fireworks.

3. Byteball: The recent airdrop was a big success. They are planning for more airdrops and this will make them even more popular.

4. Stellar Lumens: The user base has been quietly growing over the past few months.
1667  Economy / Exchanges / Re: Cashing out large amounts of bitcoins? on: June 14, 2017, 06:44:04 AM
This is confusing, why are we treating this like an illegal activity? Since when is it illegal to make money online, receive it in the bank, pay taxes on it, no matter how large the sum?

Are you guys saying that if my bank happens to ask, and I tell them the money is from an online investment they are going to shut me down?

I never said I want to be "undetected" I'm not doing anything illegal.

successful icos = my money

No. We are not treating it like illegal activity. The OP was just confused about the exchange fee, and about which exchange he should use for the transaction. If this was illegal, then I'd have never suggested Bitstamp, which is registered in Luxembourg, and operating with all the required licenses.
1668  Bitcoin / Bitcoin Discussion / Re: That day when Bitcoin hits $50,000.- on: June 14, 2017, 06:39:01 AM
I generally though these kinds of topics will never happen "as small as the $1000 topic" but now, after the 1000 and even the 2500 dollars limits have already been reached and broken, I am starting to believe these limits are all within the reach of BTC within few years.

And don't forget that yesterday the limit of $3,000 per coin was overcome in Bitfinex. Even in Bitstamp, it reached $2,980, but missed the $3,000 mark. And this is very significant, considering the fact that all this was achieved despite extreme competition from the altcoins such as Ether, Litecoin, Ripple and Dash. Without the competition, we would have reached $5,000 or even $10,000 per coin.
1669  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin really need an ATM? on: June 14, 2017, 06:36:24 AM
There is no harm in installing and operating a few Bitcoin ATMs here and there. I know that a lot of the users still distrust the online exchanges. For such people, the ATMs can be very useful. They can just insert the banknotes and coins, and get Bitcoins in return. No need for any ID verification, and there is no risk of someone hacking in to your online account.

Don't forget that many banks don't really "like" their customers use Bitcoin. The reasons are many - it's the competition, it's somewhat more private than the use of banks (AML?).
Also many people prefer to buy Bitcoin without telling the bank they do that (whether they do that for shady reasons or not).
All in all, BTMs are useful, they show the Bitcoin name in more places around the world and make it more accessible.
Yes, the fees are higher, but for good reason. We need more of them, surely.

This is a major issue. I have seen many threads here, dealing with incidents where the banks closed down bank accounts without any warning, due to the association with Bitcoin trade. In some extreme cases, the funds were frozen, and the freeze was removed after more than a year. I am not sure whether they are doing this due to competition. One reason may be the unclear legal status of Bitcoin.
1670  Bitcoin / Bitcoin Discussion / Re: How many ways are there to earn bitcoins? on: June 14, 2017, 06:33:23 AM
There are many ways to earn bitcoin online. You can participate in various signature campaigns. You can participate in various social campaigns like Twitter campaigns. You can work online on various free lancer websites. You can earn great profits in trading and investing.

Yup. I also suggest if you want an easy way and most good way of earning bitcoin is that you can try the free faucet in some websites like freebitcoinfaucet and others. In every 1 hr you can spin for free and earn bitcoin. Although you only win small amount of bitcoin you will somehow save little by little and become big. You just have to nned patience.

Visiting faucets is a complete waste of time. And partially due to the higher transaction fee, most of the faucets now have very high payment thresholds. You need to visit the faucets at least 100-150 times, in order to qualify for the payment. And also , a lot of faucets close down without any warning, and the users are left in the cold. All the time and effort spent on it is wasted, if the sites closes down.
1671  Other / Politics & Society / Re: Fire engulfs Grenfell tower block in west London on: June 14, 2017, 06:30:30 AM
Some eyewitnesses are claiming that a number of people are trapped inside the building and the firefighters are unable to access all the apartments. There is an imminent threat of the structure collapsing completely. If that happens then it dims the hopes for all those who are trapped inside. Also, the firefighters may be at risk from the collapse.
1672  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin really need an ATM? on: June 13, 2017, 09:15:31 AM
There is no harm in installing and operating a few Bitcoin ATMs here and there. I know that a lot of the users still distrust the online exchanges. For such people, the ATMs can be very useful. They can just insert the banknotes and coins, and get Bitcoins in return. No need for any ID verification, and there is no risk of someone hacking in to your online account.
1673  Bitcoin / Bitcoin Discussion / Re: How many ways are there to earn bitcoins? on: June 13, 2017, 09:13:11 AM
The most popular to earn Bitcoin in this site is Signature campaign but theirs a lot of way to earn Bitcoin if you have a skill like design a logo banner, or create a website you can offer it in service section. Here my list to earn Bitcoin: Earn Bitcoins through trading, from mining, from gambling, Faucet site, Earn free Bitcoins by completing tasks on websites. Take note !Gambling and Trading are both risky

Gambling and trading are ways to lose your coins, and not to earn them. Because in gambling there is always a house advantage. If the house advantage is 1%, then 49% of the times you will win and 51% of the times you will lose. In most of the online gambling sites, the house advantage varies from 1% to 5%. Also, you should be beware of some sites which rig the house advantage without your knowledge.
1674  Bitcoin / Bitcoin Discussion / Re: That day when Bitcoin hits $50,000.- on: June 13, 2017, 09:09:36 AM
Bitcoin price might be rising up to the moon for the past few months but I still doesn't believe bitcoin will hit $50,000 in the future, because if bitcoin does get really too high in value and too expensive to buy for most of the users, I believe many users will start searching for an alternative altcoin that could replace bitcoin and Ethereum seems to be going for it.

This is a ridiculous excuse. No one will refrain from purchasing Bitcoin because it's exchange rate is rising. On the other hand, more and more users will be attracted to it, if they could be convinced that Bitcoin should give decent returns in the long term. And right now, there is not much difference between the market cap of Bitcoin, and that of Ether. So the latter is not in a position of advantage.
1675  Other / Politics & Society / Re: Diplomatic Crisis in Qatar on: June 13, 2017, 08:37:04 AM
this is totally ridiculous, financing terrorism is not an issue, it is very clear that western think tankers always try to make a conflict among the Arabian countries, this is the process of taking possession of natural nad mineral resources. unfortunately, Saudi Arabia is the main culprit to make implement this plan...

It seems like Qatar was trying to improve its relations with Iran, and Saudi Arabia and the other Arab nations were opposed to it. This may be the real reason behind the sanctions. And regarding support for terrorism, Saudi Arabia is the main culprit. The Saudis accusing the Qataris of sponsoring terrorism is like pot calling kettle black.
1676  Economy / Exchanges / Re: Cashing out large amounts of bitcoins? on: June 13, 2017, 03:50:43 AM
My advice would be to ignore the fee. Just use a reliable exchange such as Bitstamp or Btc-e. While trying to save 0.1% or 0.2% of the total amount, you may be putting the entire capital in risk. 5 million USD worth of BTC is quite a huge amount. If I were in your place, I would be willing to pay even 1% fee, provided my coins are traded safely.
Yes exactly you have to make a wise decision sometimes irrespective of the fees which is not too much on the trusted exchanges. Also when you are going for such a huge investment it is better to in separate packets instead to all at once.

There is no good if you search for a new exchange which are not much trust worthy. I think in some case people go for a goodwill, like in shopping clothes or shoes when you fo follow a brand it is actually you are going for the goodwill they have in market.

Bitstamp is one of the more reliable exchanges out there. But I would not trust them 100%. After what happened with Mt Gox in 2014, I am in general a bit skeptical about all the crypto-exchanges. But right now, Bitstamp seems to be a good choice. Will be better if he sells his coins in many installments, rather than dumping all of them in one go. That reduces the risk.
1677  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum future is Bright on: June 13, 2017, 03:46:42 AM
ETH is trading at insane levels, I think at the moment we are in an altcoin bubble, the altcoins have gone up at such an incredible rate that this is impossible to maintain, and among them ETH seems to be one that is especially inflated to the point that to me a crash seems imminent.

90% of the users here have been waiting for the altcoin prices to crash ever since Ether reached BTC0.05 in March. But after three months, it continues to rise, at a rate which even eclipses the corresponding rise of Bitcoin. How long this is going to continue? Perhaps Ether is going to stay at these levels.
1678  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which coins with price under $1 are undervalued? on: June 13, 2017, 03:43:16 AM
XRP, I'd say!

Yeah, XRP is valued at around $0.25 per coin, and it has the potential to reach $1 per coin. That said, its rally during the past few months has been nothing short of phenomenal. Right now the prices are a bit down due to correction, but before that it had rallied from $0.006 per coin to $0.40 per coin, corresponding to an increase of 6,500% in a period of 3 months.
1679  Alternate cryptocurrencies / Altcoin Discussion / Re: Charlie Lee Resigns From Coinbase to Focus on Litecoin on: June 13, 2017, 03:39:09 AM
Good for Litecoin
The Chinese going to make Litecoin their primary coin from current Ethorium, just like the Russian and Korean making Ethorium their. The Chinese will dump Eth when is the right time to switch for Litecoin.

I don't think so. It is a good news for Lietcoin, but i don't think it will have a negative effect on ETH. The most of promising ICO projects in China accept ETH coins as token payment, rather than Litecoin. So the ETH will not dump in my opinion.

Yeah.. Right now I think it is too late for Charlie Lee to pump up Litecoin. He should have done this 3 months ago. Perhaps he is hoping to reap profits from the current crypto-currency rally. But I don't have much hopes for Litecoin. That currency had its moments. Once it was regarded as the crypto equivalent of silver (with BTC being gold). But it is close to being obsolete now.
1680  Bitcoin / Bitcoin Discussion / Re: Bitcoin may not be number one for long on: June 13, 2017, 03:36:11 AM

Yeah... I also don't understand the mad rise in Ethereum exchange rates. The number of users for that currency is much lower than that with Bitcoin. And in addition to that, every now and then new bugs are being discovered. Apart from the faster confirmations, there is nothing in Ethereum which justifies a market capitalization of $40 billion.
lol.  You don't understand?  I'll make it so easy a moron like you will get it.  Ethereum is a Swiss army knife, Bitcoin is a toothpick.  Ethereum market cap with be twice as high as Bitcoin by Jan 1, 2018.

Yeah... Keep dreaming. You want Ethereum to look like a Swiss army knife. But in reality, it is a cheap replica which doesn't have the same quality. Do you know how many bugs have been found with Ethereum lately? And what about the Ether robbery from the DAO? First they need to take care of their own issues, before taking on BTC.
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