Bitcoin Forum
June 21, 2024, 10:12:24 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 [88] 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 »
1741  Economy / Economics / Re: One Reason not to be "All Inn" on any Single Investment for Long on: April 26, 2017, 08:10:10 AM
Hmm if you said it like that it sound's true, if you somehow all in in one thing and need money when your investment is down, then preapare to suffer a huge loss. But it's his fault in the first place if he invest all his money. He should left some in the first place for emergency purpose. Putting all your money in one basket is very risky, if it success then you go big, fail and you lose your asset.
Exactly, the risk of losing your money is high if you focus in just one thing. diversifying your investments is really important although you cant take away the risk no matter how diversified your plan but somehow minimize it. its important also to have a cash on hand incase there is a sudden or emergency situation so you wont be empty handed if that happens.

Yeah but most of the forum members who are posting in this thread don have more than BTC1 in their wallets so its better to go all in with one investment. After LTC check the price of ETC. Its now at over BTC.0030. A few weeks ago it was only BTC.001.
That is more suicide move in investment you have no 1btc and then you will go all in .So if you are being scam you will have nothing .a good investor will dont do that move.

Going all in in one good investment is different from investing blindly. Ask all of the posters here who said that diversifying is good what altcoins are good for them. Im sure a good number of them will have scamcoins in their list of investments.

What now is the good in diversifying, if you diversified them on scamcoins?

i don't know about others but if i ever talk about diversifying, then i am talking about diversifying your "money" and that means for example investing in bitcoin and gold and some other stuff like real estate, stocks ,...

and besides the notion of "scam"coin is a bit weird to me! mostly because people have very different definitions of the word. to me all the altcoins are the same. they are there to be pump and dumped and if we are skilled enough, we can make profit from this scheme. but it is not an investment.

You should know what Im talking about because most of the posters here are members of a signature campaign. Like most signature campaigners we dont have enough "money" to invest, much less to diversify. All we have is our small campaign earnings to invest in what? Altcoins.

If your notion of an altcoin is they are there to be pumped and dumped then what does that tell you? 
1742  Economy / Service Discussion / Re: Is Bitfinex turning into Mt. Gox? on: April 26, 2017, 08:01:57 AM
l
The premium was up to $120 at its peak. The chief strategy guy of bitfinex said yesterday they will be allowing the 1 time USD withdraws in a week or so which should bring premium down further.  Remember you can still deposit crypto but you cant get fiat in.  If they do the 1 time withdraws confidence will return and i expect some people will take the punt and deposit crypto to sell for a premium.
I can't seem to find anything backing up what you are stating. Mind linking me to that statement?

The statement's actually on their own site. It's in the message they sent a few days ago. Are you not actually reading what they say? Note: you have to click "I've read" or whatever to even access the site, so it'd behoove you to actually pay attention, Smiley.

Why is Bitfinex not trying to get the message across as far and wide as possible? This looks very doubtful. Maybe they either dont want a lot of people to know theyre allowing a one time fiat withdrawal or theyre not really sure if they can make it happen.
1743  Bitcoin / Bitcoin Discussion / Re: Big Block support at 50% on: April 26, 2017, 07:53:48 AM
Whats the latest news on this? If the big blocks support are really at 50% and growing then everyone should be starting to get worried. But everyone is calm as if the hard fork will not happen. Should we supposed to be worried by this?

It will take another 8 months before the community realizes big blocks are needed and a hard fork is necessary. However, at this time a hard fork wont be as contentious as BU is/was and the market will only dip slightly before skyrocketing once people realize it was a success.

Why 8 months?

It will require time and evidence of Bitcoin losing market share/sentiment for people to realize the importance of bigger blocks for the long term success of Bitcoin. Transactions will become even slower, fees even higher and Bitcoin will be sitting on the wayside while other projects seemingly gain more traction and support with regards to solving scaling. I foresee a certain project coming along in the crypto-landscape essentially solving this whole scaling debacle and causing a serious threat to Bitcoin. However, this threat will be the push Bitcoin needs for it to get out of its death-spin stalemate.

What about Segwit and LN as a scaling solution? Can you explain why its considered an inferior solution to the problem by the supporters of BU?

For a Lisk and Xaurum supporter you know a lot and have concern on BTC. Dont those ponzis bother you?
1744  Economy / Marketplace / Re: Looking To Start A Small Business With Bitcoin on: April 25, 2017, 12:14:33 PM
How Friends I Want Start A Small Business With Bitcoin With Daily Or Weekly Payment Any Idea From Where To Start Will Be Thankful.

If you can make 100+ accounts on twitter, facebook or other social media.

You might be able to sell 100+ followers for btc.

That's the "easiest" small business I can think of.

If you could learn some coding and make a bot that would give someone 100+ followers, without having to manually log into every account.

That type of account farming might earn some btc.

Thats already being done by account farmers from Asia. They dont need bots to do it but they hire underage workers to make all the accounts for them. Theyre not just empty social media accounts too, theyre maintained as if its a real account.
1745  Economy / Service Discussion / Re: Is Bitfinex turning into Mt. Gox? on: April 25, 2017, 11:57:12 AM
Everyone of us should also take notice of the volume. The price keeps going up but the volume is low in all the exchanges. That could be very dangerous if whales start to dump, there wont be that much support to catch the fall.
1746  Economy / Economics / Re: One Reason not to be "All Inn" on any Single Investment for Long on: April 25, 2017, 08:37:41 AM
Hmm if you said it like that it sound's true, if you somehow all in in one thing and need money when your investment is down, then preapare to suffer a huge loss. But it's his fault in the first place if he invest all his money. He should left some in the first place for emergency purpose. Putting all your money in one basket is very risky, if it success then you go big, fail and you lose your asset.
Exactly, the risk of losing your money is high if you focus in just one thing. diversifying your investments is really important although you cant take away the risk no matter how diversified your plan but somehow minimize it. its important also to have a cash on hand incase there is a sudden or emergency situation so you wont be empty handed if that happens.

Yeah but most of the forum members who are posting in this thread don have more than BTC1 in their wallets so its better to go all in with one investment. After LTC check the price of ETC. Its now at over BTC.0030. A few weeks ago it was only BTC.001.
That is more suicide move in investment you have no 1btc and then you will go all in .So if you are being scam you will have nothing .a good investor will dont do that move.

Going all in in one good investment is different from investing blindly. Ask all of the posters here who said that diversifying is good what altcoins are good for them. Im sure a good number of them will have scamcoins in their list of investments.

What now is the good in diversifying, if you diversified them on scamcoins?
1747  Economy / Service Discussion / Re: Is Bitfinex turning into Mt. Gox? on: April 25, 2017, 08:29:51 AM
According to the following article, this is down to Taiwanese Banking Reforms:

http://www.livebitcoinnews.com/taiwanese-banking-reforms-cause-issues-bitfinex-bitcoin-companies/

Quote
Most cryptocurrency companies dealing with funds from international clients have signed up for a Taiwanese bank account due to less strict AML and KYC procedures. At one point, this loophole seemed worthwhile, yet it is coming to bite these companies in the rear as of right now.

Since the United States recently stepped up their internal banking requirements for USD transfers, other banks dealing with USD transfers must follow suit. This also means the Taiwanese megabanks will have to go through some major changes. Until that happens, US banks are free to refuse transfers from banks not complying with the new guidelines. It appears that is the real reason why Wells Fargo bounces iFinex, Tether, Xapo, and BTC-E transfers coming from Taiwan, and does not send money to the country either.



Another article with more info: https://medium.com/@whalecalls/taiwan-aml-reforms-usd-crypto-drama-15417cbcdf7b

It's all because the US started imposing stricter AML requirements for USD transactions since the beginning of April. Taiwanese banks don't fully comply with the new rules, so now any BTC company that uses a Taiwanese bank has these problems. They have to either find a new bank or wait for their current bank to comply with the new, stricter rules.

Again, this isn't just Bitfinex, but also OKcoin, Xapo, BTC-E and others. Let's hope they find a solution soon.


Thats more like a blog and an opinion piece from somebody who either maybe wants to calm things down or he's trying to take th attention from the real issue. The real issue is if USD deposits and more importantly withdrawals are coming back or not. If its not, try to guess what would happen.
1748  Bitcoin / Bitcoin Discussion / Re: Big Block support at 50% on: April 25, 2017, 08:14:55 AM
Whats the latest news on this? If the big blocks support are really at 50% and growing then everyone should be starting to get worried. But everyone is calm as if the hard fork will not happen. Should we supposed to be worried by this?
1749  Bitcoin / Bitcoin Discussion / Re: Why ASIC BOOST is necessary. on: April 24, 2017, 10:37:09 AM
That depends on how you see it. Some might see Bitcoin Unlimited as an attack to BTC itself. They presume that some of the miners are acting together on their own self interest by rallying behind the hard fork. Bitmain also made their intentions clear of using their power to kill the original chain.

Well, of course, in a permissionless, trustless system, all parties are supposed to act out of self interest.  So what is "an attack on bitcoin" ?
It can mean two things, that touch upon the immutability of bitcoin:
- its protocol
- its transaction history

I was essentially talking about the transaction history, because the *cryptographic protection by PoW* only protects that, of course.  Miners pushing BU don't do this, I think, in order to modify the transaction history.  

So the only thing left, as an "attack" is the desire to modify the protocol.  But then, anyone wanting to modify the protocol, in the first place, Core with its segwit, is an attacker of bitcoin.  As I think that BU was only a way to keep segwit away, because small blocs and high fees are a benefit to miners, you could then even say that BU backing to keep off segwit, was in fact, protecting the current protocol of bitcoin from Core's Segwit attack, that wants to modify it.  
If you see "modifying the protocol" as an attack, then anything else but the current bitcoin protocol (including 1 MB blocks) is an attack.  And if you are considering that protocol modifications are to be envisioned, then increasing the block size is just as well a possible protocol modification than introducing segwit, so if one is an attack, the other is one too.


I said it depends how you see it. Some sees BU not only as a modification on the protocol but a move to get power away from the current developers. Theres nothing wrong with it but it should be seen for what it really is.
1750  Economy / Economics / Re: One Reason not to be "All Inn" on any Single Investment for Long on: April 24, 2017, 10:18:22 AM
Hmm if you said it like that it sound's true, if you somehow all in in one thing and need money when your investment is down, then preapare to suffer a huge loss. But it's his fault in the first place if he invest all his money. He should left some in the first place for emergency purpose. Putting all your money in one basket is very risky, if it success then you go big, fail and you lose your asset.
Exactly, the risk of losing your money is high if you focus in just one thing. diversifying your investments is really important although you cant take away the risk no matter how diversified your plan but somehow minimize it. its important also to have a cash on hand incase there is a sudden or emergency situation so you wont be empty handed if that happens.

Yeah but most of the forum members who are posting in this thread don have more than BTC1 in their wallets so its better to go all in with one investment. After LTC check the price of ETC. Its now at over BTC.0030. A few weeks ago it was only BTC.001.
1751  Economy / Service Discussion / Re: Is Bitfinex turning into Mt. Gox? on: April 24, 2017, 10:06:08 AM

There cold storage still shows what BTC they have i'm guessing they have all the funds and the banks are being awkward. Keeping an eye on the situation though.

Can you please post the known BTC addresses of Bitfinex? Lets observe whats going on with them and how much larger the BTC withdrawals are vs. deposits.
1752  Economy / Service Discussion / Re: OKCOIN also having problems with USD deposits on: April 23, 2017, 08:06:44 AM
Also, BTC-e had problems with USD Wire transfers – they tweeted on April 14th, and I quote:
Quote
"Due to change banking account we don't accept USD wire transfers till the end of month #btce."
Bitfinex is now suing Wells Fargo for the USD wire transfers issue, you can read more about it here: https://news.bitcoin.com/bitfinex-sues-wells-fargo-over-wire-transfer-suspension/  

I think Bitfinex have now withdrawn their Wells Fargo suit. See

http://www.coindesk.com/bitcoin-exchange-bitfinex-withdraws-lawsuit-wells-fargo/

I wonder what happened to change their minds.

Interesting info about BTC-E - I wonder if this is about US regulators cracking down on funds denominated in dollars sent to unregulated exchanges.
I hope that at least BTC-E won't encounter such a problems, but it is an interesting thing, because it looks like exchanges, one by one are disabling wire deposits/withdrawals.
First was Bitfinex, now we see that OKCoin has the same problem. Who is going to have their bank accounts frozen next?

I would be very worried if the goverments would try to block all bank accounts of the unregulated cryptocurrency exchanges, it is still possible because they might consider these projects as a money laundering operation.

That is why I prefer to sell my bitcoins peer-to-peer, or to the local exchange where I wont encounter such a issue.

What do you mean by local exchange? Do you mean Localbitcoins? As far as I know theyre now requiring their users to upload their identification and proof of where they live. That means theyre doing KYC procedures required by law if the nature of your business involves money exchanging and processing. Which also means they know that one day the government will be coming after them next.
1753  Bitcoin / Bitcoin Discussion / Re: Big Block support at 50% on: April 23, 2017, 07:59:28 AM
Holliday, no one believes that shit. 99% of the people who have bought since the limit was put in place don't know anything about any of the code. They didn't "buy into" a block limit at all. What they did buy into was practically free transactions, which they don't have now that the blocks are full.

Well, then they got conned. Caveat emptor!

Also, I call bullshit. People want Bitcoin because of it's unique properties which are possible thanks to decentralization. Who gives a fuck about sending a few micro transactions for free when governments worldwide are preventing people from using (or even continuing to own) their own fucking money?


I call bullshit too about the comment that people want BTC because of its unique properties because of decentralization. People want BTC because they think that it could make them very rich just like the early investors of 2010 - 2012. Sell them a scamcoin that could make them rich and they all line up and buy them.
1754  Bitcoin / Bitcoin Discussion / Re: Why ASIC BOOST is necessary. on: April 23, 2017, 07:51:14 AM
If ASIC BOOST is necessary can somebody also say that a POW UPGRADE is necessary too? The reason is to improve the security of BTC and to protect it from crafty miners who can find the ability to conceal that they are using ASIC BOOST.

BTC never needs protection from miners, as miners are those that provide the protection.  BTC needs protection from attackers, that want to redo the history of transactions (orphan long pieces of chain on purpose).


That depends on how you see it. Some might see Bitcoin Unlimited as an attack to BTC itself. They presume that some of the miners are acting together on their own self interest by rallying behind the hard fork. Bitmain also made their intentions clear of using their power to kill the original chain.
1755  Economy / Economics / Re: One Reason not to be "All Inn" on any Single Investment for Long on: April 23, 2017, 07:45:12 AM
But what if theres an altcoin good enough to go all in on? LTC was looking good to go all in on weeks ago only if you have an amount thats easily replaceable depending on your financial status. If youre a young student making BTC by joining signature campaigns then around BTC0.3 is good enough for you because you can replace it with your signature campaign.

If you invested in LTC weeks ago you might have doubled or tripled it already and more.
1756  Economy / Service Discussion / Re: Is Bitfinex turning into Mt. Gox? on: April 23, 2017, 07:31:39 AM
Since BTCe and OKcoin have started suffering the same issue, this might be a bit wider problem not restricted to Bitfinex only. Hope this gets resolved soon, BTC price started increasing again, we dont need this kind of panic.

I heard OKCoin is having the same issue but not BTCe. This is beginning to become a big probem if thats confirmed. If one of the older exchanges like Bitstamp is also affected then nothing is stopping the banks to go after the other smaller exchanges. Maybe this started from the Chinese banks.

How do you mean that all this started from the banks, Chinese banks? I can't understand are you talking about overtaking or they are trying to destroy competition? This can easily be some conspiracy theory, what if this is just inside job, that is the first thing that falls on my mind.
Anyway I would like yo hear more about this theory, what is the interest of the banks in this case?


What I mean is the example the Chinese banks are showing might have given the other banks the idea to start doing the same thing. Banks cant allow anyone from moving money from one country to another with out having the risk of being used in a criminal's group money laundering schemes. The BTC network is one of the best channels to do money laundering on in case you dont know.
1757  Bitcoin / Bitcoin Discussion / Re: Why ASIC BOOST is necessary. on: April 22, 2017, 08:59:53 AM
If ASIC BOOST is necessary can somebody also say that a POW UPGRADE is necessary too? The reason is to improve the security of BTC and to protect it from crafty miners who can find the ability to conceal that they are using ASIC BOOST.
1758  Economy / Web Wallets / Re: Blockchain.info wallet problems on: April 22, 2017, 08:53:37 AM
I was using blockchain wallet for 2 years and everything was fine but 15 days ago they have some problems with there wallet.
I couldn`t login for 2 days after that they gave mi new address, i tried to import old address to use and they put it in watch only and now i can`t get my funds.
I most say that my comp crashed and i lost my private key.
Their support would not even hear me, said they can not help me and that's it.


They do not store your Private Key on their site. Did you make a backup of the seed, when they prompted you to do it? I also find that the site

has troubles with Anti-virus software when it re-directs https sites to protective mode. You have great difficulty if you run AV software that

protect your secure sites. I seldom use online wallets anymore and switched to hardware wallets and paper wallets.  Grin

*cough*bullshit*cough* they 100% for sure have your private key and if you watch that address I guarantee at some point your bitcoins will leave that wallet. They won't be giving them back to you.

Anywho, use a better wallet, Web wallets are the devil's asshole. Use any non Web wallet and paper/hardware wallets for cold storage.

Thats not completely true. Web wallets are OK to use if you back up your mnemonic seed and secure it well by enabling 2 factor authentication. I have used Blockchain.infos HD wallet for a long time and I have no problems with it. A lot of people say they go offline but I have never encountered it.

If someone doesnt know how to use any BTC wallet and how to secure them he would surely have problems.

Blockchain.info is so far the best choice for web wallet out there . All of us have their preferred wallet platform as the features we want depends on their situation . Many people don't wanna use web wallet because it doesn't give your private key so you don't have a full control over your bitcoins . The company can freeze/block your acc. although unlike coinbase, blockchain has an active support and won't do it for no reason plus if the site gets hacked our put out of business you are doomed cause you don't have your private key . Using a web wallet is not bad as long as you don't store large amounts of money to it .

I dont think Blockchain.info can lock or freeze your BTC. If ever their site goes offline you can use the seed words and import your wallet in Electrum. I havent tried it myself but I have read a post about it and its possible.
1759  Economy / Economics / Re: One Reason not to be "All Inn" on any Single Investment for Long on: April 22, 2017, 08:47:34 AM
I'll ask everyone.

Take the situation of more than 70% of the unique users of this forum, how much of them do you think have more than BTC1 in their wallets? Among those who have less than BTC1 of users in this thread alone which theres a lot, they keep saying that diversifying is good. Thats ridiculous its like managing 1 dollar and hope that it will become a million.

The question. Do you think they should diversify or go invest in 1 altcoin?

I would advise everyone to stay from altcoins altogether

Unless you certainly know what you are doing since "risk comes from not knowing what you are doing". Regarding 1 bitcoin specifically, you may stay with just bitcoins and dollars (if we talk about trading, obviously), but that doesn't mean that diversification ends with moving your funds into different assets. In fact, it only starts here. You should "diversify" your bitcoin to a few reliable exchanges (2-3) since any exchange can be hacked (or scam like what Cryptsy did), and this is the systemic risk which you simply can't get rid of if you intend to trade more or less regularly

He other way to do it is to keep all your BTC in cold storage and away from the risk of being stolen if you decide to go all in on BTC. Some altcoins are ok only if you are aware that they dont hold any real utility. If someone is still holding ETH bought from the ICO he would he rich by now.
1760  Economy / Service Discussion / Re: Is Bitfinex turning into Mt. Gox? on: April 22, 2017, 08:42:10 AM
Since BTCe and OKcoin have started suffering the same issue, this might be a bit wider problem not restricted to Bitfinex only. Hope this gets resolved soon, BTC price started increasing again, we dont need this kind of panic.

I heard OKCoin is having the same issue but not BTCe. This is beginning to become a big probem if thats confirmed. If one of the older exchanges like Bitstamp is also affected then nothing is stopping the banks to go after the other smaller exchanges. Maybe this started from the Chinese banks.
Pages: « 1 ... 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 [88] 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!