Yeah the price is the only concern in bitcoin because it is not fixed so there is a possibility for us to lose money anytime because the market is not centralized so the price is only depending on the demand in the market but it is also a good characteristic especially for the traders because we can take advantage of that to make money.
No price isn't and cannot be the only attraction Bitcoin holds as money. To enthusiasts, the high price is actually a bonus which can be off tomorrow, but nevertheless stirred right back up by those attributes that makes Bitcoin high in demand. Furthermore, centralization holds no guarantee that any form of money would be stable else the dollar for instance won't be in half the mess it is in today or its real value always under attack by inflation. |
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Would this reduce transaction time?
The Short answer is no, Transactions only get verified when blocks are formed, This will only increase the difficulty and the confirmation times will remain the same. That aside, Bitcoin mining is now a specialized field and most of the pcs people are using as far as Bitcoin mining is concerned, ought to be gathering some dust in museums by now. What would really help is the siting of many more nodes outside of China, their monopoly of the hashrates is actually an ill wind, capable of ripping Bitcoin apart and the heat we are already feeling. |
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Why waste your life noodling around to earn piddling amounts? Earn USD,EUR, GBP or whatever and buy it. There are approximately 1 trillion more ways to end up with more Bitcoin via that method. Uncool but true.
Could not have been said any better! All the ways you can use to make fiat currencies, you can equally adapt to make Bitcoin and in case your head fails to serve you well, go ahead with how you are currently making fiats and use them to buy as much coins as you may desire, only you might actually be buying them at higher rates but nevertheless they remain cost effective relative to time and effort. |
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What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?
I've never actually experienced anything like this before, I just want to be prepared when it happened to me.
I choose to be silent because I think for what I'm arguing with him it's just wasting my time will be better to have silence, to change people's mindset is very difficult, especially if there is an element of hatred. I think silent is not a solution that solve a problems because if you have knowledge about bitcoin you have to share with people in that way the bitcoin are spread more and more , and changing the mind of people about bitcoin is very easy, first those people who hated bitcoin you need to show the activity of earning money and also show a wallet and give information about bitcoin. Why go through all that with people who settled to hate even before having some knowledge of what they're hating? One thing for sure is that, by plucking your teeh and handing them over to someone that hates you'll never make them like you, Instead of wasting your precious time on and with people like that, I suggest you channel your energy and time into making more coins, that would speak much more volumes for you, that is the real meaning of "Silence is golden" You spend your time teaching those that are enthusiastic and willing to learn, not those who already sealed their minds. |
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All of the positive thoughts about the bitcoin and all of the characteristics of bitcoin is I liked. As a person who go to the crypto world I'm very happy that bitcoin is always strong.
yes i have the same feeling. it is very pleasure that the popularity of bitcoin is increasing from time to time and hope that very soon the users of bitcoin be much more. i am sure very soon even the the government will accept bitcoin. Since the popularity about bitcoin is increasing, there is a great chance that bitcoin's price also increase especially if banks and government get to it but before they will accept it I think their will a chance that they will get fees or taxes to it. Being anonymous is also the best for me and they can't stop bitcoin. Governments cannot accept Bitcoin without wanting it to be regulated, which in fact does the community no good. So the retainership of the ability to be one's own bank, away from the manipulative tendencies of the governmemts and the resilient nature of Bitcoin amongst many hobbists in the cryptocurrency world are a few of the so many reasons why Bitcoin stays thick for me and no doubt, far many others. |
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There is nothing that links the account to your identity(at least in legal terms) and I doubt the revenue would accept signature campaign and faucets as valid and legal income.
You(and we all) are earning money that we don't legally have. A trouble if you want to withdraw for large expenses, but THEY won't be able to take it from you because you don't have it.
Solutions: withdraw slowly and don't have a lifestyle much bigger than you could have with your "legal" sources of income. Or gain much more by other ways, so your Bitcoins earnings could pass by without being noticed
What you say is absolutely correct. We do not have any information regarding your identity and your Bitcoin account so we can not prove that it is legitimate, and of course it is not legal. So your solution is the best solution. It will make the bank pay less attention to you How absurd! So you have with your eyes open been earning money illegitimately and yet you didn't quit? The fact remains that Bitcoin is not untraceable, might be a hurdle tracing owner of an account, but not when the one who has the keys and history is showing them to you. If some guys are panicking now that we're merely scratching the surface of Bitcoin, it is a wonder if they won't end behind bars as we land on the moon hopefully in the near future, for their inability to explain the source of their wealth. |
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I use exchange websites to withdraw my bitcoins for fiat to my bank account. I wish to know that if in case the bank asks about the source of the income and source of bitcoins, what would I proof can I give them? I commonly earn from signature campaigns, freelance tasks and translations but giving them the complete details would be too much.
Has anyone ever provided proof or their source of bitcoins to any bank or legal organization? What would be the best way to prove it?
I will assume you cashout money that is considered as beyond the standard level. I have experience like that in our local exchange preferrably bank withdrawal options. My usual transactions with average amount never been questioned but when I tried to withdraw decent amount beyond the standard level (I think level 3 tier max. withdraw), they asked me where I got those funds. I answered them nicely but not to the extent that I will show them proof of works. I just showed them some "minor" things like the nature of works, websites (trading) and what is crypto all about and no questions asked later. I will try to dig the email and show to you what Im done. Take note: They cashout the money first before asking the question so here it's not strict but I need to comply with the rules so I response nicely. In the first place, they have my identity so just respond to them and tell them the truth. Not large amounts but since the bitcoin prices have increased and will continue to increase, this could become an issue. Large bitcoin trades might be questioned and then I don't know what exactly to prove as I don't have any paper proof to show them. I can just link them to this forum and explain from where the income has come in and then taxes would apply which is fine. If they go about questioning and asking further details I am not sure what to tell them then. Ler it be settled in your mind that by signature campaign, you are in effect advertising people's business and getting paid for it same way media houses do. You have all the proofs you'll ever need in here and blockchain even if Bitcoin becomes $1M, you earned it, so nothing stands in the way of your confidence. Trouble can only surface f you start lowerng your head, looking the other way or agitated by such normal and simple security checks. Btw, want to believe you're not less than 18? |
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You do not have to create a story. Just tell them where you got your bitcoins. You have payments recorded on the blockchain and you also have the access to those wallet. Why complicate things when you can just tell them the truth. You are working online and your work is legit and not some illegal stuff.
Tell them that you are freelancing and accepting bitcoin as payment. Simple as that. Or you could add that you are joining signature campaigns in bitcointalk forum and you are being paid with bitcoin as well. Maybe you just add a few explanation what signature campaign is. I think if you stay to be honest with them and just be straight forward, you will eventually be approved. Good to finally see everyone on this thread have not gone berserk. And for those people already running for cover when nothing is actually chasing them, check yourselves if you can't show proofs of promoting some projects in here. By the way, what could be earned through signature campaign and faucets can hardly attract bank attention except he is not telling us the whole story. |
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Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?
You have to change your attitude while trading,first lesson is not to jump into anything when the rally is at the top,wait for a correction and grab the coin and if you have showed some patience you could have earned a good profit in ETH today as i rallied to 0.09 btc,never plan on disposing everything because you did not find any movement and as for ripple is concerned not a lot of goods news is coming from them,you could have hold your positions or sell off at the maximum amount it could get. Yea it's pretty much all about a mentality change in his/her case. Always be patient and don't jump into just another coin. Even though ripple was profitable in the past, it certainly isn't anymore so I'd highly recommend staying away from that If I were you. What need to be changed is neither mentality nor attitude because none of them can effectively take the place of sound trading knowledge and experience, which is what is lacking in op trading for now. Take time out to learn to trade and become better equipped to handle market volatility, that's the solution to the problem. |
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bitcoin mining has always been profitable and that has never been because of fees. the extra fees the miners get is like a bonus to them. the fact that people no longer do it is because they don't have cheap electricity and as others said you need to make a big investment to buy some bitcoin miners.
also not to mention the fact that manufacturing of mining equipment is done in China and their mining farms will get their hands on the best and latest equipment with lower prices because of no shipping fees and other contracts they have with each other. which makes competing with them hard.
That's something I hadn't thought of before. Aren't there any other places that can make mining equipment? Of course, there are a million and one places across the globe oher than China where mining hardware are manufactured, but China is obviously having a comparative advantage as a result of it's cheap electricity that in the long tun made cost of production quite cheap. That explains the reason most nodes are located in China even though the people behind them may not all be Chinese. |
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although gambling is the easiest way of earning bitcoin, because in gambling you do not require any knowledge or experience, but you just need your luck, because in gambling we mostly depend on our luck and no one can be so much luck for every time. therefore I think trading will be the second best option to earn bitcoin, but in trading you need to have good experience in trading. you must also have good knowledge about trading.
Yes luck is a vital factor in gambling but your premise that it renders knowledge and experiemce insignificant is false. The casinoes are in the business to make profit from players and the least they may want to support is to make it all easier for players to be milking them dry . What is fact is that for anyone to be able to make tangible and sustainable profits from any casino, they must put their knowledge, experience and skills to work in creating their own luck or forever be stucked in their rat race. |
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You cannot earn money without money. But you can try freelancing but there will not be much money at first
No,you can earn money without using your own money .how? By solving captcha ,claiming on faucets ,doing offered task ,and signature campaign. All of them doesnt require inveatment its absolutely free. Yes, you named ways of earning without investments. But this kind of earnings can not bring 1 bitcoin per month. It will only bring a few dollars. But you will spend a lot of effort on such work in addition to not being able to meet up the target of 1 Bitcoin per month, doing all those task besides signature campaign, that is if fortunate to run into a good paying and long term project, sets you up to spending much more on internet subscription/ data consumption especially if residing in one of the poor or developing countries and when you actually sit to take stock of your time, anger and frustration might set in, because of what the opportunity cost could have accomplished instead. |
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hello..
i have a noob/newbie question,why you sell it ?
i mean,you can earn "1$/day" ? and why you sell it that cheap?
I mean why I will answer u ?
Why u comment and u will buy Nothing ?
and Why u don't take care of ur butt better then ur Noob Question I don't understand why you need to be that rude when people just asking a simple questions,and I hope you can answer, why would you put effort in selling this, teaching people how to setup, assist people on setting up, while you can probably setup a few spending the same amount of time?Indeed that was a noob questiom! We all can do with some extra money, most people won't spend a dime until they are convinced, op is actually practising what he preaches - no thanks to scammers and their vague offers. By sharing his setup, op is likely going to sell more vps and that is instead a multiplier. |
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Profitable if you have the hardware to mine however if you are going to rely on cloud mining, then it's best to just keep your coins instead. If your hardware isn't powerful enough to give sufficient hashes then try not to mine bitcoin directly but look for other altcoins out there.
Individual mining is not too good to mine bitcoin but if you have a big capital to invest i think it will be work and get some profit. I strongly agree that you need to have powerful mining rig to make your mining much successful that is why big capital is required for this. And you shall be having to update your hardware in no time to keep abreast with the industry, so small players have been systematically priced out of the Bitcoin mining market. The way to eventually get a share of the sun is to channel your resources into mining some altcoins that does put much cost on you and subsequently convert to Bitcoin at the tail end. |
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$50 investment wont be making much for you and if you intend to withdraw from it from time to time, then there is no hope that would amount to much, because you would come under pressure to meet up. My candid advice is to identity your core area of interest and then spend part of that or all of the $50 on someone to mentor you in that area and the money would have been well spent. Through other ways, you will most like part with the $50, but without any value added to your life.
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Stop for the day. Traders who are expecting fast results would never be successful in their run as traders. Also, those lrices that you mentioned are the top. Should have observed more before initiating those trades. Analyze the market before making decisions. Was a costly lesson, but still a lesson learned.
The basic thing which a trader should have is Patience. So you should stop for the day or until you understand the system. Emotions is the one thing which you have to leave and get on with trading. Dont think that 40% is a loss, you got a good experience and use it from now. I think it is knowledge and skills first, then patience to give the trading decisions the breathing space to thrive. Most trading decisions have ended up making so little or nothing not because they were out of place but simply because a trader closes them too early or opens them too late. |
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Invest on BTC. I see that it's growing every day. I have to invest as much bitcoins as I can, and sell it when the time is right and profit is big enough. It's just like I'm playing in stock exchanges.
Be careful if you are investing all in btc. BTC is already on all time high and there was no such big reason in past few days that btc price soared so high. So a fall in place means almost 500$ down will be easily. So ensure you can sustain a loss if it falls or else buy and sell in some profit itself. A word is enough for the wise, though Bitcoin would no doubt continue its moon expedition, but right now it has gone too far too sudden and some cooling off cannot be ruled out. You know the Lion even as the king of the jungle still takes time to mark out its target and which are mostly the feeble among the herds before making a move. |
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At the moment, yes. But I'm planning to buy some altcoins that I think can have a place next to BTC in the future. Coins like DCR, LTC, ETH and maybe future coins with good potential. It's always good to diversify for safety and more profit.
Its not a good idea to put all funds into bitcoin, especially nowadays bitcoin its too high and some altcoins that are legit also increase so much. But still bitcoin prevails among of them. however we I think we can put some of our fund into some altcoins. Caution is needed in investment decisions we make these days either for Bitcoin or altcoins, because their prices have all plummeted beyond the fundamentals surrounding them. Couple of days ago, I had sold my Dogecoin for 161 Satoshi and bought back at 143 only for the price to drop the following day to 122 Satoshi. Evidently even Dogecoin that used to be a stable coin is no longer what we used to know of it. To stay safe, I am having some fraction of my fund in fiat currencies, buying and selling cryptos when the need arise. |
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Hey bud I think your portfolio is being dumped right now, how did you figure steem, pivx nxt to be anything other than the usual scam which they are?
Syscoin, Nem, Bts all are jokes even Ltc is a joke all of the mentioned coins are a disgrace to crypto.
Satoshi was the one and only who has disappeared and never sold a single coin of his stash, I can't tell the same thing about other devs can you?
Of course it is getting dumped. Altcoins were just a way for traders to leverage profits as the value of Bitcoin was riding. This would be easier in smaller markets ofc.. Getting dumped? Can you guys read the ticker? The portfolio is off the lows. The dump happened before the buy. Positions are best put on in the midst of panic sells, and that's when this position was put on and recommended. In fact, I think the probabilities of getting a second chance at the purchase price of each issue is very low, but anything can happen, and any off the cuff comment can always get lucky, so don't lose heart - there might be another opportunity for you to troll and with even better ammo.  Was going to ask what your rule of engagement or entry and exit hinges on and what actually influenced your choice of those coins, but on reading the above, it gave me the clue you are not groping in the dark. Your quest is accomplishable, if you have not already set everything on stone, because adjustments and outright changes would be necessary as time goes on. |
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Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?
It is sad to say the least, but if you are contemplating to quit trading on account of then the whole lot of traders philosophy was never in you. A smart trader would rather see a picture that 40% of his money is tied up somewhere, then step backwards to unravel his mistakes or in actions and learn from them, that is the story of all successful traders. Trading is an art and needs to be learnt and it is unfortunate so many people/traders out here are of the opinion that with crypto-trading - no studies or analysis is needed. I know they will come to see vividly some day that a trader just can't buy or sell at any market price and not having some trading plan or strategy is an open invitation to go burst. |
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