|
I wasnt aware that Roger Ver has also invested in Zcash. No wonder ZEC and Dash have been going up lately. Some followers of his must be buying a lot of both. Do his staunch supporters approve of this? I want to know since many here disapproves of Gregory Maxwell's 70 million in fiat, XMR and ZEC if that is even true.
|
|
|
|
Everything will go back to normal after the small kinks and complications of a hard fork have been solved and patched. The greatest concern of it is the replay attacks. You better make sure that you have your coins intact in both chains. I wish someone would be nice enough to write a guide on how to do it. I dont want to hold my BTC in an exchange during the hard fork just to make sure I have them in both chains.
but core wont do it. they want to have their tx's free to be useable on another chain but not other chain used on their. thus cor users can double up but non-core users cant.(theoretically). basically core want to dominate and take advantage rather then protect themselves I dont blame them with the other group trying to fork it all away from them. You have to admit that both sides have their own dirty tricks. One group wants to retain control while the other longs for it. |
|
|
|
|
How can more whales be created as fast as they are destroyed? If you could show proof that its happening and also make us see how its happening, that would be appreciated by a lot of us whos willing to learn. And how could that happen in a system where whales mostly buy and hold BTC?
How come you also said that theres no such economy in BTC. A lot of people will disagree with you.
|
|
|
|
Roger Ver shills for Mtgox? Interesting...
He was also the person who leaked the whole MtGox "hack" to the public. Mark approached him and the twins before he went public. They knew about this problem before anyone else knew about this, and they had time to get their money out before the whole thing collapsed. < Mby not from MtGox, but out of Bitcoin > Mark wanted to keep it quite, and were looking for people to "invest" coins to keep it alive, until he would be able to collect enough coins to hide the loses, but Roger and the twins were not buying into that, because the losses were simply to big. Thats very interesting. When he said MtGox was safe, was that the same time he was already trying to get their money out before the news would blow? If it was then thats very scammy of him to say one thing thats so far from the truth. It would be better to say nothing. |
|
|
|
What is most likely to occur in the cryptoworld in the next weeks/months/years? What happens when a hardfork takes place?
In weeks things will probably be pretty much the same in months we will have to hope that some sort os sanity can return to the debate and in years i think we can get past this problem and look to a bright future. If you have bitcoin and a hardfork happens then you will have bitcoin on both chains, my advise is to wait awhile before moving it as it could be vunerable to interacting on both chains. which is bad if you want to keep one and sell the other. Everything will go back to normal after the small kinks and complications of a hard fork have been solved and patched. The greatest concern of it is the replay attacks. You better make sure that you have your coins intact in both chains. I wish someone would be nice enough to write a guide on how to do it. I dont want to hold my BTC in an exchange during the hard fork just to make sure I have them in both chains. |
|
|
|
Some bitcoin holders need fiat cash for their cost of living or for trading purposes, but they don't want to sell their bitcoins.
This is why we want to offer them a chance to get a loan while keeping their bitcoins.
Again, the exchange is reputable and all legal aspects will be duly covered.
The simple answer for this situation will be they can sell off their coins when they need hard cash and with the price of bitcoin changing rapidly how do you trust taking them as a loan collateral and what is the percentage you are willing to loan ,normally when it comes to gold loan we would get almost 67% of the market valuation,how do you really calculate when it comes to bitcoin,the easiest way for me is to sell off my coins at the market rate and would buy at a later time. Thats a good idea if the market is going down. But selling off your BTC and planning on buying back at a later time in a rising market makes you lose some value. It was better to do nothing and hold your BTC. |
|
|
|
This is just a theory, so bear with me (constructive criticism is welcome)
And this theory asserts that Bitcoin dumps like what we've seen recently (i.e. today and right after the rejection of the Winklevoss ETF by the SEC) contribute to more even Bitcoin distribution over time and will help stabilize prices in the future (read make Bitcoin growth more consistent). What real world facts is this theory based on? We know that initially there were only a few users (so-called early adopters) who held the majority of coins, so they could easily move the price by dumping their stashes (at least, some part thereof). In the case of the lack of major news (either positive or negative), the price is pretty stable right now. So the only viable explanation for all of a sudden price crashes is most likely someone dumping huge amounts of coins (maybe, the bros themselves). This causes the price to plunge (even if momentarily). It is almost certain as well that the coins dumped are bought by a lot of independent traders, and therefore the wealth distribution is set to level out eventually. That's basically why dumps are important since they are caused via massive sell-offs by a relatively small number of large Bitcoin holders and get absorbed by the market
Youre assuming that the top in the rich list of Bitcoin are offloading their coins. I think whats really happening is the super rich wallets in BTC are not moving their coins. So whats really happening is a thinner and wider distribution of the few coins in circulation, remember BTC is divisible up to 8 decimal places. It might like the real world where the top 1% controls most of the wealth That might well be the case But if this is the case, that means that those Bitcoin holders which previously didn't cut it as whales (i.e. they couldn't move price much with their stashes before) now have become ones. What it basically comes down to is the capability of these new whales to affect prices, i.e. folks can move price with less coins (that's why they can be considered as new whales in the first place). If so, the current price crash is no more than a spike in volatility since market thinning should necessarily work in both directions. In other words, it can be moved up just as easily as it can be moved down. So we should just wait and see how the price would behave in the coming days If that happens more then maybe BTC could be considered making and supporting an unhealthy market? If there are more and more whales born in the system that could move the price up and down, the more people should avoid this type of market. |
|
|
|
|
I tried it and it works. It was fun reloading my cell phone credits with it at the beginning, but after a while I would rather keep my BTC and use fiat instead. Theres really no need for me to use BTC for this stuff if it comes out more expensive.
|
|
|
|
How Friends I Want Start A Small Business With Bitcoin With Daily Or Weekly Payment Any Idea From Where To Start Will Be Thankful.
This is not the best place to ask. Looking at the comments made in the thread is a proof of this. I bet everyone who made suggestions in the thread is not a successful businessman. Then if it is so, why should you listen to their advice? Its better to look for someone you know who is successful in business. |
|
|
|
This is just a theory, so bear with me (constructive criticism is welcome)
And this theory asserts that Bitcoin dumps like what we've seen recently (i.e. today and right after the rejection of the Winklevoss ETF by the SEC) contribute to more even Bitcoin distribution over time and will help stabilize prices in the future (read make Bitcoin growth more consistent). What real world facts is this theory based on? We know that initially there were only a few users (so-called early adopters) who held the majority of coins, so they could easily move the price by dumping their stashes (at least, some part thereof). In the case of the lack of major news (either positive or negative), the price is pretty stable right now. So the only viable explanation for all of a sudden price crashes is most likely someone dumping huge amounts of coins (maybe, the bros themselves). This causes the price to plunge (even if momentarily). It is almost certain as well that the coins dumped are bought by a lot of independent traders, and therefore the wealth distribution is set to level out eventually. That's basically why dumps are important since they are caused via massive sell-offs by a relatively small number of large Bitcoin holders and get absorbed by the market
Youre assuming that the top in the rich list of Bitcoin are offloading their coins. I think whats really happening is the super rich wallets in BTC are not moving their coins. So whats really happening is a thinner and wider distribution of the few coins in circulation, remember BTC is divisible up to 8 decimal places. It might like the real world where the top 1% controls most of the wealth. |
|
|
|
|
Thats true. 40% - 50% is too low and who will be naive enough to risk their BTC not going back to the in case of a failed repayment of the loan. That would mean they got your BTC for half the price or less.
|
|
|
|
Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split blockchain in 2. Is that a currency that will give them an advantage?
In its current state bitcoin is not exactly the best method to implement as your payment. It is still great store of value though. But that is not really a concern for any of these merchants, as they don't store bitcoins anyway when BitPay is used as BTC payment processor. Hard Fork split wont happen bitcoin community and developers won't ever allow that. It would undermine bitcoin's position greatly, miners are aware of that. If the stores were to use a payment processor anyway then its better for them to accept credit cards and prepaid debit cards. The amount of BTC purchases will not justify the acceptance because paying with fiat will make more sense. The hard fork will not happen? It is gaining more mining power and has hit 40% the last few days. Once it reaches 50% theres no going back. It will gain more momentum. There is nothing the developers and community can do except try to hold on that will cause to split the blockchain. For a Legendary I am surprised with your misinformed post. |
|
|
|
|
If you dont mind me asking, what do you intend to do with the BTC in your trust? Lock them for safe keeping? I suggest you use a third party escrow that is trusted by the community.
|
|
|
|
This is great news. I was getting a bit worried a hard fork would actually happen, but looks like Jihan's little nerd dream to be the emperor of bitcoin will not happen. Sorry, Core wins another day, and now $3000 are actually possible in 2017.
If you what you are saying is true and bitcoins price will really reach 3000$ this year if Bitcoin Unlimited will be out of the picture then I will support the other group that is against BU. Well I just need to change my mindset since BU have cause the price of bitcoin to deflate and I dont like that thus I will support other means of solving bitcoin problems except for BU. The same argument can be made against core too you know. The other side will blame them for not acting fast enough for having bigger blocks for BTC. We are all only arguing about it now but the real test will come if BTC will go down to under 1000 again and going lower. It's very easy to finger point. Who was and is actually in charge? Who is 'still' in the driver seat and should care about consensus software = fits to all needs, no brainer features & quality, tested, bug-free, leaving no space for alternative bitcoin dev teams and even alt coins. Explaining & convincing of features and their needs - marketing, selling ... Deploying to majority. Keeping things stable & running Who you wanna blame for any failure ? Did I blame anyone? Maybe English isnt your first language, so read and reread my post again until you get it. Youre asking who is in charge? No one is. But the soft fork and the hard fork to BU depends on the miners now. According to the latest news, BU is hitting at 40% the last fee days. |
|
|
|
|
Avoid Coinbase at all costs and dont dare upload your identification documents on their site. In case you didnt know the IRS are after them and want all records of their users, including their transactions.
Its better to use Localbitcoins instead or go to the market place of this forum and look for trades. Dont forget to use escrow.
|
|
|
|
This is great news. I was getting a bit worried a hard fork would actually happen, but looks like Jihan's little nerd dream to be the emperor of bitcoin will not happen. Sorry, Core wins another day, and now $3000 are actually possible in 2017.
If you what you are saying is true and bitcoins price will really reach 3000$ this year if Bitcoin Unlimited will be out of the picture then I will support the other group that is against BU. Well I just need to change my mindset since BU have cause the price of bitcoin to deflate and I dont like that thus I will support other means of solving bitcoin problems except for BU. The same argument can be made against core too you know. The other side will blame them for not acting fast enough for having bigger blocks for BTC. We are all only arguing about it now but the real test will come if BTC will go down to under 1000 again and going lower. |
|
|
|
I voted for "Over 50%" ,but i don`t understand one thing. You say,"enabling to access and trade your collateralized coins..." What if i trade and loose my collateralized coins and run away, without paying the lombard loan?  If the bitcoins are used as collateral,it`s better to keep them in a wallet and don`t use them for trading. Are you serious? You always be willing to part 50% of your BTC? Surely it must depend on how much you have and at what price BTC is in at that moment. Bitcoin itself is money, why would you want to loan your BTC for an inferior form of money? |
|
|
|
Show them all the advantages that they can get om, and also try to make some studies on how they can manipulate the coin, on how the bitcoin generated to the market and so for sure if they got the bitcoin in good terms they will be into it.
Yes we need to highlight all the benefits of bitcoin to them that's the best way to encourage local business to use bitcoin and also if possible you can start your own business and start using bitcoin as a payment method so that other local business will automatically do a research about bitcoin and i am sure once someone is aware of benefits of bitcoin over the fiat currency surely they will go for bitcoin. Im very sure they will all be disappointed despite all the advantages you can conjure and market to them. The volatility alone is a big turn off. There is also the issue of the hard fork coming that might split the blockchain in 2. Is that a currency that will give them an advantage? |
|
|
|
In my country 10% of taxi drivers accept payment in bitcoins. To persuade anyone not necessary. Due to the fact that the crisis in the country and they have little orders they are willing to work for any money. I think we have a lot of offers payment in bitcoin, its prevalence will continue to grow.
What country are you from and what wallet solutions do they use? I also want to know how many people pay them in BTC on a daily basis because there arent that many BTC users around the world. Plus Bitcoiners do not tend to spend their BTC because its a better as an investment. |
|
|
|
|
That would depend on how much money I think I need and how desperate I am for funding. But if you want me to give you a general answer then I wouldnt want to part with more than 30% of my BTC.
|
|
|
|
|
Show Posts
