Bitcoin Forum
June 21, 2024, 05:51:25 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 [926] 927 928 929 930 931 932 933 »
18501  Economy / Economics / Re: cryptocurrency wallet to wallet transfer fees? on: November 20, 2016, 10:56:47 PM
If you're asking for the fee structure of various wallets, then maybe this link can help you out.

http://cryptorials.io/bitcoin-wallets-comparison/

Most pay a network fee but some bear the cost but have different pros and cons.

A search for "eth wallet fee comparison " should bring out similar results for eth and so on.

18502  Economy / Economics / Re: Is it better to save money or invest it? on: November 20, 2016, 10:48:26 PM
One of the most basic principles of financial management is to put aside a small portion of income away as savings.

It may seem like the rich just seem to splash their wealth carelessly but those who built their wealth are usually thrifty and don't put all their eggs in one investment.
18503  Economy / Economics / Re: Tech companies who support cryptocurrencies on: November 20, 2016, 03:15:27 PM
Perhaps the correct question to ask is which tech companies support blockchain technology? Totally agree that merely accepting crypto as a mode of payment is simply not good enough to count as support from a tech company. It's the most individuals and small businesses can do but tech companies who have put their weight behind it?

There are other companies though, that may not qualify as tech, but who have Innovation and Tech Departments who are putting huge financial backing into researching and developing blockchain.
18504  Economy / Economics / Re: Spending Bitcoins on: November 20, 2016, 01:58:58 PM
If you are a business owner or you know someone who does business online, then you can help speed up adoption by accepting bitcoins as payment for your goods or services.

Myself as a freelance writer, I am always offering that option to clients when I quote now. So far, other than for very small jobs in places such as these, I have not yet received payment for my services in bitcoin.

There is hope though. It took years for clients in my country to adopt paypal and now at least a third of people in the creative industry in my country accept paying out through paypal - some exclusively.
18505  Economy / Economics / Re: millionaires of the world, be reminded... on: November 20, 2016, 10:02:06 AM
Watch out if the 1 per cent decide to only use an altcoin or combination of and force merchants to only accept that for rewards.

They will never be worried. If they give btc no value then it has no value to them.
18506  Economy / Economics / Re: Do you Still believe in Fiat? on: November 20, 2016, 09:15:04 AM
As a matter of ideal, I doubt very many people "believe" in fiat but as a matter of practical principle we all need money to survive. Hell we even need fiat to get involved in crypto.

So like it or not, believer or unbeliever, we all hold on to fiat because it lets us live.

Besides, how many of us would truly choose to abandon fiat and descend into financial anarchy as a revolution before establishing whatever new order we think is fit?

Only the desperate would and we are too far removed from desperation as we are discussing this on forum haha.
18507  Economy / Economics / Re: What effect did the Trump's (unexpected) victory on BTC? on: November 20, 2016, 09:03:36 AM
I'm with the side that thinks Trump win had little to do with btc move, it was just an effect of the dollar.

If anything, it will be a full term before Trump administration has any resource to divert to priorities such as bitcoin. It's volume in trade is impressive but not nearly big enough to warrant attention with more pressing issues at hand.
18508  Economy / Trading Discussion / Re: Need Help Finding Investors on: November 20, 2016, 08:58:05 AM
You've done and asked the question before you are prepared but no worries.

To summarise what you need to do in a few steps:

1. Put down you business in a simple description easy to understand.

2. For every aspect or step of your business, prepare details for interested people. You need to be able to describe exactly how each step works.

3. List the cost of each step so it is clear what the funding is used for.

4. Accounts/bookkeeping. Show your cost and profit history.

And think of questions ppl will ask and have an answer ready in an faq sheet.

Good luck!
18509  Economy / Economics / Re: Bitcoin can not replace fiat on: November 20, 2016, 08:28:30 AM
It would be a horrible dream if all the people "investing " in their hordes of bitcoin would one day find there is no fiat anymore and everything is done with bitcoins.

As they wouldn't be special anymore.Wink

Then some crazy Japanese in the future would create the notion of physical, paper money and it will be all the rave. I paper money worth 10000 btc.
18510  Alternate cryptocurrencies / Altcoin Discussion / Re: If You Have a Bitcoin, What Will You Do on: November 20, 2016, 06:43:09 AM
Just holding on to 80% seems like a sound investment to me. I wouldn't mind parking a third or so into an exchange or casino bankroll investment.

1 coin is still too small to start anything serious though!
18511  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: November 20, 2016, 06:40:18 AM
For the price to drop that much it would take unlikely acenarioa to happen in the short term. The only reason it would plummet like that would be loss of confidence by holders or massive regulatory restrictions.

So let's face it, if btc drops to $100 any time soon, you'd be thinking thrice about buying up.
18512  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Whats up with ETH? Price dropped to $9.3 on: November 20, 2016, 06:32:48 AM
ETH is probably paying the price right now for the network issues it has had in the past 2 months (the network attacks).

It's just the rattling of confidence more than anything else. as btc eases down in coming weeks, ETH will ease up.
18513  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 20, 2016, 06:26:14 AM
my quantity of BTC bought remains 1 to 2%, or even a bit more, greater than the amount sold. 

You sound American? That's not the way it works. The selling of an asset is a taxable event. You figure out your net profit or loss based upon the price you paid for the assets sold. At the time of the taxable event. You don't get to figure out net based upon what it takes to replace that asset in the future. Sure, there are accounting details such as LIFO or FIFO and whatnot, but the fundamental calculus is what it is.

IANAL, etc.

What if bitcoin is seen by a government not as an asset or property but merely currency? Or does it not matter as it is "sold". I know in places currency exchange is only levied a service tax.
18514  Bitcoin / Bitcoin Discussion / Re: What will happen to the transaction fee? on: November 20, 2016, 06:16:05 AM
keyscore indeed, the vast majority of users are still people who own less than 1 bitcoin like myself so even a transaction fee of 20k satoshi feels like a hit to me. The fact is, more and more users are choosing a wallet based on network fee rather than security or ease of use.

Imagine that web based or micro wallets are now the choice as you mentioned.
18515  Other / Politics & Society / Re: What are crypto enthusiasts or users demographics? on: November 20, 2016, 06:10:22 AM
Thanks for the useful information sithara, I will try and find more recent research perhaps a study of trend can help with some issues blockchain is facing.

Cryptix easy stats, care to share a source?
18516  Bitcoin / Bitcoin Discussion / Re: Getting porn sites to accept bitcoin on: November 19, 2016, 03:54:25 PM
One thing porn likes and thrives on in fact is credit card users simply because of higher retention and repeat revenue due to subscriptions. It also affects affiliate stats.

You can't trigger auto payments from bitcoin.

What should be marketed to the adult industry is bitcoin's irreversible payments. That potentially reduces fraud due to chargeback costs.
18517  Bitcoin / Bitcoin Discussion / Re: What is there to do with bitcoins these days ? on: November 19, 2016, 03:48:05 PM
Do what people do with money. Find new needs or create new needs, make bitcoin the way to fill that need.

Keep creating demand for it and spread its use. Simply telling more people about it and encouraging it will help.

18518  Economy / Micro Earnings / Re: [ANN] FaucetGo.com | Bitcoin Faucet, High Paying, Clean Design, Instant Payout on: November 19, 2016, 03:34:14 PM
captcha issue for me also it seems. It happened yesterday and I thought to wait 24 hours but it is the same problem. Reloading and checking and unchecking the ad box has not helped.
18519  Bitcoin / Bitcoin Discussion / Re: Does bitcoin help your life in daily needs? on: November 19, 2016, 12:50:32 PM
At the moment, it hasn't helped me with my necessary, day-to-day life in the practical sense. It has helped me find an alternative to fiat gambling, however, but that's just an added avenue of leisure and I could do without easily.

I hope to change this soon in a few ways:

1. My next employment, I will set aside a small portion of my monthly wage to be paid to me in bitcoins as a sort of diversification of currency.

2. The knowledge gained from reading and discussing bitcoin helps me catch up on fintech developments, which hopefully will aid my real-life career.
18520  Bitcoin / Bitcoin Discussion / Re: What will happen to the transaction fee? on: November 19, 2016, 12:44:46 PM
Let's face it, the majority of miners (we must acknowledge the few who still volunteer their hashpower to nominal fee transactions) are in it for profit.

They first have to offset their mining costs (which is still mainly a fiat cost) and then think about a percentage to take as profit for their work.

Since most networks calculate transaction fee in the cryptocurrency itself, and as a percentage of the output size, then the coin's value obviously will come into play at some point. For example, if BTC drops to $100 today, the current minimum network fees would probably barely cover costs of most miners. It's possible increasing complexity has a bigger role in pushing up coin price than we estimate.
Pages: « 1 ... 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 [926] 927 928 929 930 931 932 933 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!