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17761  Economy / Economics / Re: Bitcoin is Falling...Is it Panic Time? on: June 20, 2017, 12:48:32 PM
Just because the btc price is going low, it means it's going into bankruptcy. Don't panic - this is actually the best time to buy btc and wait for it to go up again - sell it when the price rise up.

I just hate when people get panic if bitcoin is dump.
Why dont just look the other side of this. Its dump and its good to buy for investment. Thats it.
Of course it fluctuates because its digital currency just like the other real currency. Lets all be thankful that the rate today is crawling slowly to better rate.

Whether it's a majority of computer geeks and newbies on crypto exchanges or middle-aged stockbrokers on Wall Street or yuppie latte-drinkers on forex exchanges... the market reacts like this. Panic sells and hysteric buys will always be common denominators.

Without them and their volume, Bitcoin would be less than what it is today. Let's appreciate everyone:)
17762  Economy / Exchanges / Re: LocalBitcoins fee's on: June 20, 2017, 11:37:51 AM
On June 13, localbitcoins informed that they will be charging a deposit fee actually. My last deposit there was 2 days ago but I wasn't charged anything so I assume it has begun implementation today as it indicates 19-21 in the email. Outgoing fees are supposed to be less though. Could you share the % of the fee you paid?
Personally, I feel this is a bad move, since we already pay the fees when we deposit, now we are charged on both ends. I don't mind paying fees for withdrawals but I guess they are thinking "hey, we don't get anything from sellers".

This was the first part of the email I received:

Quote
Dear LocalBitcoins customer,

Due to the rising Bitcoin network fees we feel there is a need to revisit the LocalBitcoins transaction fee system. In order divide the costs of handling Bitcoin transactions in a fair manner we are introducing deposit fees for incoming transactions. At the same we will lower Bitcoin sending fees for all customers. The new fee system will be put in to effect around 19th-21st June.

With our old transaction fee system you pay a transaction fee when you send Bitcoins out from LocalBitcoins to a different Bitcoin wallet. This fee covers the cost for us to send your transaction and the costs for us to manage the deposit(s) that we used to send your transaction.

In the Bitcoin network managing deposits uses up a lot of blockchain space while handling a withdrawal uses up much less space. This means that a large part of the old Bitcoin transaction fee was for covering costs related to deposits. This means that customers who make many small deposits to their LocalBitcoins wallet causes the sending transaction fees to rise, and these costs were paid by customers who were sending Bitcoins.

We want to spread these costs more fairly between our customers. By introducing deposit fees customers who make many small deposits will pay a larger share of the overall transaction costs and customers who send out transactions will enjoy lower fees.

All fees will be adjusted dynamically based on how congested the bitcoin network is.

17763  Bitcoin / Wallet software / Re: Is Exodus Safe?? to store your crypto assests for long time? on: June 20, 2017, 07:20:46 AM
Yeah, Exodus is one of the more secure options out there - I also have it, if only because it was simply easier at first to keep multiple coins. Create backups as you note, and yes, you're able to export all your private keys for each wallet in there. Developer> assets> crypto> export private key
17764  Economy / Gambling discussion / Re: Joca97 & Ajaxmoor's Big Challenge thread with a giveaway on: June 20, 2017, 06:27:58 AM
Damn, they go ahead and score for fun haha! Pity as over 2.5 had an almost 2.0 odds too. Maybe Federer will give me back a bit later today, good thing I wasn't tempted to go for the parlay. Bankroll down to 50% (my own fault).

17765  Economy / Trading Discussion / Re: If the bear market started tomorrow. How would you adjust your porfolio? on: June 19, 2017, 09:19:21 PM
I'm actually already adjusted to the make up that I'm comfortable with - and this was planned without taking into account any bear or bull market. The make up is only to protect from worst-case scenario (crash). That said, I do try to pick new assets to keep on diversifying.
17766  Economy / Exchanges / Re: [Help] Poloniex is causing me losses. on: June 19, 2017, 09:13:51 PM
Hope you created a support ticket. I found that they replied mine quite quickly. And yes, they'll want you to enable 2FA and get verified. So do that first to save time before you create your support ticket.
17767  Economy / Gambling discussion / Re: Joca97 & Ajaxmoor's Big Challenge thread with a giveaway on: June 19, 2017, 07:06:23 PM
In for both tennis and football bets. I have a good feeling I'll wake up tomorrow and see both in green (win). After hitting on almost all the over 2.5s, it's about time for a high odds under 2.5. U21s are very tricky, though, for me. Almost unpredictable since I hardly watch any of the players.
17768  Bitcoin / Bitcoin Discussion / Re: Will bitcoin be used to support terrorists? on: June 19, 2017, 03:27:36 PM
What makes you think terrorists dont already use it?  Grin Grin

Bitcoin is simply not very suitable to be used by terrorists

It may in fact be used for financing certain terrorist attacks but it wouldn't be possible at a larger scale like financing, say, ISIS and their likes since waging a war is very expensive and costs literally many billions of dollars. Obviously, it is the US dollar which is used to buy weapons, foods and pay "wages" by such countries like Saudi Arabia with their multibillion dollar reserves. Apart from that, if Bitcoin were actually used by terrorists in any significant degree, there would be a lot of noise and huge negative publicity. This doesn't of course mean that Bitcoin can't be used by special services and agencies

I came out of a meeting today where someone suddenly brought up North Korea and how they're the ones responsible for the crypto boom of last two weeks as they were seeking to hide their assets... I almost wanted to say how that didn't make sense because Bitcoin would expose them to a thousand different people with reasons to want to track them (hackers, activisits, etc.).

The logistical nightmare of crypto financing huge operations like ISIS is already insurmountable. Let's say they only wanted to turn oil money into Bitcoin, then we're talking about a conservative estimate of 3 million USD worth of oil daily - who on earth would trade 1,000 Bitcoins with ISIS every day? They'd be traced so quickly.
17769  Other / Off-topic / Re: Can anybody guide me to free satoshi? on: June 19, 2017, 02:31:52 PM
Both posters are only slightly accurate about faucets: yes, they will always be a waste of time in terms of current fiat value. At today's price, you'll find a good faucet will give you an average of 75 satoshis per claim. There is a list of largely outdated faucets at bct, but you will find the active ones at the micro earnings section.

On the other hand, there are some quite reasonable "faucets" that let you earn up to 10k satoshi per day for perhaps 2 minutes' work, look it up or PM me as I don't want to advertise!

I don't do faucets anymore, except one or two like the above every now and then. Worth "nothing" now but if you believe in the moon...
17770  Bitcoin / Development & Technical Discussion / Re: fees? on: June 19, 2017, 08:32:23 AM
What I find on most sites is they charge a flat fee instead of telling you the actual cost per byte. I can understand that they can't predict automated hotwallet withdrawals that may choose to combine many inputs for withdrawals. My main beef (not that it's a very big one anyway) is how, after viewing the tx in explorer, the fee paid is half or so of what the sites deducted from you.

17771  Economy / Gambling discussion / Re: Getting started with sports betting! on: June 19, 2017, 08:10:39 AM
It doesn't vary very much between bitcoin sportsbooks. The ones I use all have a minimum bet of 0.001 - even the sites that allow for 0.0001, if you check the matches, very limited options for that bet size. If you're uncertain, you should always enquire support (these sites are also notoriously unclear about exact numbers as they don't always update ToC).
17772  Economy / Speculation / Re: How Does Bitcoin Gain/Lose Value? on: June 19, 2017, 06:16:34 AM
Or sometimes the price could be affected by the price of the dollar also. If dollar is going down also the btc would go up or down and in reverse. But what matters is the most is that btc is a growing investors in any government or even businessmen. I would agree that prices also depends on the buys and consumers but this is just to avoid another clog when people would start selling when the price has risen up. They would tend to lower it again for another time so that buyers can now again invest.

I used to think this was important to Bitcoin too... but I see now that Bitcoin doesn't seem to quite work the same as fiat currency like that. For example, the CHF might depreciate against USD but that won't dictate how it performs against EUR or GBP.

BTC, on the other hand, if it drops 10% against USD, will drop 10% against all currencies. So my guess is that BTC is somehow pegged to the dollar? Actually this might deserve its own question.
17773  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: June 19, 2017, 05:50:26 AM
Just noticed the trolling on the reddit thread, though being reddit, this was to be expected 100% from people who've never really had the knowledge of or need to using mixers.

I wonder if one of those so-called tracking companies has tried tracking ChipMixer transactions?
17774  Economy / Speculation / Re: Will we ever see bitcoin lower than 1000$? on: June 19, 2017, 05:23:37 AM
There is one other scenario: the USD becomes somehow supremely more valuable than Bitcoin or any other currency. That is, Bitcoin value versus a basket of other major currencies continues to be "stable", but not against USD specifically.
17775  Economy / Economics / Re: The future of the paper money on: June 18, 2017, 09:05:32 PM
As much as paper money is "in decline" in the developed world, it is still the "bitcoin" of currency in most other parts of the world where digital access is difficult.

It's definitely heading for extinction but hardly in our lifetime or even that of the next generation.
17776  Economy / Gambling / Re: BIT-EXO.COM - NO DOWNLOAD BITCOIN POKER WITH WEEKLY CONTEST,FREEROLL, SLOTS&GO on: June 18, 2017, 08:42:43 PM
Hey guys, I haven't been around in poker or even chat for a while, but yes, real life, right?

Anyway, still happy to see it's alive and @ONM: the mods aren't staff. And Bit-exo is very much alive, just perhaps all its regulars are busy attending to real life. Just try to find a time where most players are on.
17777  Economy / Economics / Re: Anti bitcoin/crypto/gift card/redeemable legislature bill proposed in senate on: June 18, 2017, 07:53:10 PM
I'd really like to know how the US government plans to follow up their intention to "seize" cryptocurrency. Crack the private keys from their citizen's wallets? And how would they propose to utilise these seized assets? Exchange it for their USD?
17778  Economy / Digital goods / Re: Uber Ride $15 off on your next uber ride for $3.50 /Uber Credits $10 for $4 on: June 18, 2017, 02:42:41 PM
Hi there, would your offer also work for non-US accounts like mine? I use Uber in bursts, something like every day for a week every 3 or 4 months. My last Uber frenzy cost me about $150 worth in my currency! So would be useful to have some credits if you sell them in another currency (credits don't expire, right?).

May I know which country are you from?
uber promotion off rides works most of the countries ($15 in US, $10 in Singapore, Y1500 in Japan, P200 in Philiipines, etc) but for uber credits it only works in US

Hi, I use Uber in Malaysia/UK/Netherlands. So that's 3 different currencies! I'd prefer the credit as opposed to the signup bonus but let me know what you're able to get and how to contact you. Thanks.
17779  Economy / Gambling discussion / Re: Joca97 & Ajaxmoor's Big Challenge thread with a giveaway on: June 18, 2017, 02:33:15 PM
Just booked the Federer Under 21 Games bet, albeit with slightly lower wins (1.63)... but arrived an hour late to make a bet on the Swedish Div 1 game. Can't even find a live score feed for that one either!

Thanks for the tips, both.
17780  Economy / Gambling discussion / Re: Joca97 & Ajaxmoor's Big Challenge thread with a giveaway on: June 17, 2017, 08:32:11 PM
Tip worked out well after all. No idea about Irish football but the 4-1 win was a good cushioned one after all for your -1 call. Can't wait for Sunday action if there happens to be any.

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