Bitcoin Forum
May 27, 2024, 12:13:18 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 »
21  Bitcoin / Bitcoin Discussion / Re: What do you mean when you say Bitcoin is number 1 on: May 22, 2018, 11:03:28 PM
We are entering an era of multiple digital currencies, and many of them will survive. Bitcoin is certain to be one of them, but it can't be number one for every factor. Where do you think Bitcoin will stay as number 1

  • Store of value
  • Services in addition to simple money transfer
  • Convenience
  • Security
  • Investment/speculation
  • Safe transfer speed
  • Privacy
  • Freedom from globalist control
  • Other
Bitcoin as a tool for freedom from globalist control, this is happening at a very small scale. We have seen people belonging to repressed hyperinflated economies turning to Bitcoin. IMO Bitcoin is being treated as a speculative asset by those who don't see Bitcoin's potential value as an alternative to the fiat system. Convenient medium of exchange, this is where Bitcoin is lacking now.
22  Bitcoin / Bitcoin Discussion / Re: Investment Strategy on: May 22, 2018, 02:12:30 PM
Greetings! I am planning to invest $5,000 in cryptocurrency but I do not know how to invest. And where should I invest? - in Bitcoin, in alternate cryptocurrency, or in ICO? I’m asking for an investment strategy for professional traders or investors out there.
never invest in a single currency. For example you can invest in several promising currencies and in the long run you get huge profits, ETH is now very cheap and a good investment opportunity, NEO is also very cheap and now is a good investment opportunity. you want to invest in bitcoin, then you should wait for it to fall and then buy and hold for a long time.
23  Bitcoin / Bitcoin Discussion / Re: Investment Strategy on: May 22, 2018, 12:05:29 PM
Greetings! I am planning to invest $5,000 in cryptocurrency but I do not know how to invest. And where should I invest? - in Bitcoin, in alternate cryptocurrency, or in ICO? I’m asking for an investment strategy for professional traders or investors out there.
If youre planning about the investing let me suggest to you the best two cryptocurrency the bitcoin or the ethereum because this two is have an good value now and in this you don't need to invest big. But hink carefully about the investing because in this trading section there's not only trustes people there:s have an scammer because this involves money and other people want to doing bad just for money
This is because there are the lot of menu of ICO to choose from and identifying which is legitimate and a scam is a difficult challenge.  So, for a newbie in investment, I suggest to try first investing in bitcoin and altcoin than ICO.  Gather first more knowledge about whose the most trustworthy developers and the like
24  Bitcoin / Bitcoin Discussion / Re: Opportunity to sell for bitcoin on: May 22, 2018, 10:57:49 AM
I was wondering, if you had an opportunity to sell your stuff alike cars, pc, homethings and etc., would you sell it for bitcoin (or maybe other altcoin)? The main question is to see, are you ready trade stuff for cryptocurrencies and how do you imagine it?
However if I have owned a car or other and sold it for investment or trading in bitcoin the answer is I will not take that opportunity. I don't know everything yet about bitcoin and altcoin is still superficial my knowledge about cryptocurrency. I will be trading and investing with a capital that I have and will not sacrifice anything to do it. Convenience in trading and investment is the main thing,
25  Bitcoin / Bitcoin Discussion / Re: Why does bitcoin have value? on: May 22, 2018, 10:04:16 AM

-I think It is popular. many people accept and trade in Bitcoin because It is recognized and accepted as a currency by many.
-Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax
-Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.
-Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.
-There are only 21 million bits so it has the same value as gold.
If you look into the Silk Road bust of the government agents, One secret service and one DEA if I remember correctly that stole the BTC from the Silk Road, they attempted to wash the trail leading to them. But the agents that were working on the case were able to track the BTC to them and in the end, bust them. Laura Shin did a great podcast on this
26  Bitcoin / Bitcoin Discussion / Re: How foolish are people who invest in Bitcoin? on: May 22, 2018, 06:59:35 AM
How many idiots who decided to invest in bitcoin!!!!!!!

It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....

In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.

This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.

So began a process of growth needs the infusion of more money.... They're gone.

I think the joy of endless growth to an end this weekend.

Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....
bitcoin has reached its peak price and its going to crash.Any analysis?Its true that bitcoin is now at its ATH,but it does not mean that its going to crash.You should not forget that even the wall street firms have changed their attitude towards bitcoin and have started to invest in bitcoin.
27  Bitcoin / Bitcoin Discussion / Re: How long Bitcoin can survive in cryptocurency industry ? on: May 16, 2018, 01:38:39 PM
Bitcoin is the most famous and the no one crypto currency today. It hold the highest market cap in crypto industry. Also it use very advanced and secured technology, Block chain to operate. Lots of people's use bitcoin as a investment factor. This cause to maximize the capital of Bitcoin. But how long Bitcoin will survive in this industry ? Because lot's of government try to manipulate and control the crypto currency industry via introducing new regulation. As a country some one can do vast harm to bitcoin. We saw some of in past. If Bitcoin fail in this industry it will be a biggest financial crisis in this century.     
Yes it is true that some governments  in different countries are so eager to stop the effectiveness of bitcoin.In the cryptocurrency world bitcoin is the most interesting and highly valued from the hodlers, it is also the cryptocurrency which is accepted in all national exchanges.  So I do not think that the government will succeed to stop bitcoin, to stop bitcoin they should also developed a much better crypto than bitcoin.
28  Bitcoin / Bitcoin Discussion / Re: Bitcoin will silence its haters... on: May 16, 2018, 06:35:59 AM
we know that many people do not like the presence of Bitcoin,
Are you sure in the future people who hate Bitcoin will be silent and regret because of Bitcoin triumphs...  Grin
nothing is sure with bitcoin and everything can happen. Can you be 100% sure that bitcoin will come back and reach a new record in price and silence every hater? Of course you cannot because no one can predict what is going to happen even tomorrow with bitcoin. Everything we can do is just wait and see what is going to happen because we do not have the power to control the market and get the price high.
29  Economy / Speculation / Re: What is a bitcoin REALLY worth? on: May 16, 2018, 04:49:41 AM
I see the whole thing that has been going on all year with the price of bitcoin, and how it was from way back when it started.

And I have to wonder, when will it end?  Will it keep going up and up, will it level off, or will it just one day suddenly crash and burn like HilLIARy Clinton on election day 11/8/16?

What sets the price?  How do we determine the price?  As near as I can tell, we get our belief of price from the exchanges.  The exchanges say a btc was worth 3000 last month, 5000 last week, 7000 today, etc, and we all just blindly go along with it and base our transactions off of that.  That's how many US Dollars you can get for a bitcoin, and really, what else matters?  Btc could be a million dollars or ONE DOLLAR tomorrow, and everyone would just be going "well, that's the exchange price".  And if that's the amount of money you can convert your bitcoins to dollars for, then that is it.  The exchange won't give you more.  A private buyer you meet in person won't give you more.

With institutional money, bitcoin futures, and hedge funds starting to invest in bitcoin, I think that'll bring more stability and a future to high bitcoin prices.  But we are still dealing with an intangible asset that exists only in computers, so there's no real reason to support these high prices other than "Well, that's what you can buy them for on the exchanges".  Or "That's what the futures market / hedge fund prices them at".  It is BELIEF of the price, and nothing else.  At least with a bar of gold, you can do something with it, no matter what its price is.

Will btc be around for a long time at big money, or will they be the Beanie Babies of 2018?

Will Antminer S9's still be sold on ebay for over $3000 by greedy bastards who were able to place large orders with Bitmain and are now simply reselling them for sheer profit?  Or will used S9's be going for $300 a year from now?

It seems that most of you don't remember me, or were not here in 2013 / 2014.  I repeatedly warned people over and over not to buy ASICs based on the btc price at the time.  And I was 100% correct in my assertions.  And even in 2015 - 2016, I was still correct that ASICs were a bad investment.  It was only with the huge rise in bitcoin prices this year that significant profits could finally be made, but where and when will it end?  Banks are beginning to understand the concept of the blockchain and how it can make their transactions more secure, but that means nothing for the price of bitcoin or any other coin.  Banks don't need any coin to be successful to implement the blockchain idea in their own transaction histories.

People say that bitcoin can replace cash.  Well, I wouldn't go that far.  I see bitcoin as a way to get more money, more US Dollars.  True, a piece of paper may not have much other than the US government backing it, but that's better than a group of coin exchanges, mostly based in other countries saying what my coins are worth.  Gemini is the only licensed, regulated, US based exchange that I would trust.

So what's in store for bitcoin prices in 2018?  And the question that should be placed above all others is, "How much money can I (and I mean ME, not you) get out of bitcoin?".
investemnt nowadays so from my point of view price should continue to raise even more in 2018 which will bring "more addoption" or it will go till one point when many people will want to get out and have their money. But other than that new all time highs are healthy for bitcoin as more popular medias are talking about it which causes people to seek and see what is it. As for now I can't see bitcoin as a currency becouse of these price swings so you get the feelling that if you don't buy something today you can buy 2x of those tommorow or even less
30  Other / Beginners & Help / Re: What Is A Blockchain on: May 16, 2018, 03:45:50 AM
Hey guyz
I am complete noob in crypto. I need to know what is a blockchain? How to use it and what if it goes offline? What affects it will occur on bitcoin.

I have tried understanding it but it looks very complex There may be a simpler way to understand it guys

Thanks for the help
the reason why Bitcoin needs to be talked about: The first reason is that with blockchain technology being born with Bitcoin, it can be said that without Bitcoin, blockchain technology may be much later. Many years may or may not happen. Second, Bitcoin is the most successful and most mature example of industrialization of blockchain technology. Of course, it is not suitable for all scenarios because it is only a digital currency type. Public chain
31  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin less evil than PayPal? on: May 16, 2018, 02:42:30 AM
If we consider Paypal evil (I do), should we consider Bitcoin less evil?

Paypal allows chargeback fraud and is a feast for scammers
Then again
Bitcoin doesnt allow chargebacks and is a feast for scammers because of that


I think Bitcoin, however, cant be regarded as evil cuz its decentralized or semi-decentralized(china)


what do u think fellow people of Bitcointalk?


~CfA~
paypal but we could do with an escrow for bitcoin that doesnt involve a third party although im not sure how that would work. Paypal charges way too much in my opinion as well. they could easily drop the fee lower and still be making a massive profit. Bitcoin on the other hand costs next to nothing but no one really likes using
32  Bitcoin / Bitcoin Discussion / Re: Stop Listening To False News... on: May 15, 2018, 01:30:00 PM
The current "crash" is caused by one bad "news" after another. A lot of them are the false or twisted truth.

For example, today, once again "China Full ban crypto". What the... Why is it causing another crash?? Why is it even "news"?

It was already banned in China back in September 2017. All trading platforms suspended trading in September. Anyone from China who still trade Crypto must be using foreign platforms. Sure, they reported that China added all crypto exchange sites to Great FireWall. So what? These people have VPNs! When I was in China, everyone who visits foreign sites use VPNs. Yes, China banned VPN as well a long time ago. So what? Everyone is still using it. Just like ignoring the traffic light is illegal in China, but at every intersection, you will see people ignore the red lights... the truth! Just because it is "illegal", does not mean no one will do it.

So just this (one) news of China banned Crypto, it was repeatedly used to crash the Crypto market (4 or 5 times). Do not fall for it!
1. Summer 2017, China banned ICO.
2. September 2017, China banned crypto trading.
3. November or December? China became unfriendly to crypto mining (Large-scale miners moved oversea already)
4. January 2018. China banned websites of foreign crypto exchanges. (VPN!!!)
5. Today, "China Full Ban Crypto"... (Really?)

So what is next?
"China really ban crypto"?
"China really full ban crypto"?
"China really really full ban crypto"[​IMG]
"China will jail anyone who trades crypto"[​IMG]
"China will execute anyone who trades crypto"?
"China will nuke every country who trade crypto"[​IMG]??


Stop spreading this nonsense. What's done was already done in September 2017. Nothing has changed ever since. NOTHING really changed in the last 4~5 months.

Yellow journalism at its best.


Same goes for Korean and Indian news. South Korea did not really ban crypto. Just one guy wanted to ban it. It was not approved, nor implemented. So far they have only added regulations that people can no longer trade anonymously. So what? Didn't Coinbase, Kraken, Bittrex etc. US-based platforms all require our IDs and photos?

India also did not ban crypto. Just a minister made some unfriendly speech toward crypto. No real "ban" whatsoever.

From the look of it, someone or some groups are trying hard to make the prices go down. The sad thing is, people are falling for it. The same China "news" was used on 5 occasions to cause the market crash while nothing was really changed or happened. Korean news was used on at least 2 occasions.

The bottom line is, let's just ignore all the stupid "news". Use our brains. Not hearsay from yellow journalism. It is getting annoying to have every little "news" to impact the market price.
people get scared or fear after they read some kind of bad news related to crypto actually base on nonsense fake news a lot of my friends in facebook sell their btc this january drops even they got lose by that like they listen to news that spread only by words and no source at all so better to think every move or words that you going to spread
33  Bitcoin / Bitcoin Discussion / Re: Digital money is cashless society on: May 14, 2018, 12:59:13 PM
It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money.

People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

How is digital money is your country ??  Bitcoin is a part of digital money.



cash still has not lost its popularity, especially for older people who are extremely skeptical about money on cards and purchases on the Internet. I believe that in the future the society will become cashless, as it is much more convenient, less costly and environmentally friendly option of payment. I think Bitcoin and the other crypto-currencies will be the locomotive of cashless society
34  Bitcoin / Bitcoin Discussion / Re: Very Important Tips on Bitcoin on: May 14, 2018, 02:52:04 AM

VERY IMPORTANT message about #Bitcoin

Read carefully & try to understand it perfectly.

Example, if bitcoin drops even to $8k or $6k levels, you do not panic sell any of your Bitcoin or Altcoins, because, when bitcoin is done with its downtrend, Altcoins will rise.

And when Altcoins rise, your Bitcoin will get double/triple. This way you'll have more Bitcoins in coming weeks/months. Then again, Bitcoin price will Rise. So you'll be in huge profits.

Remember, Stock Trading and Crypto Trading should be done with INTELLIGENCE, Smart Mind, Wise Thinking and NOT with Emotions or Distress.

We are bullish on Bitcoin & Altcoins and we are not selling any of our coins.

Do not believe in Rumors.

Beware of MEDIA FUD, MEDIA always talk negative about Bitcoin for their own TRPs.

Forward this message to your friends and groups, Help spread the Genuine Knowledge & Understanding of Crypto.

If you do not help crypto community who will?
People make this mistakes because they are not well aware of Bitcoin or how it works, are they were influenced by a false rumor. People should learn and research many things before investing in some kind of commodity or a cryptocurrency. Such as we should learn how to hold and wait how to read candle graph all this kind of little stuff can save you from false rumors
35  Economy / Trading Discussion / Re: How do I stop panic selling cryptocurrency? on: May 09, 2018, 08:33:41 AM
The question itself is the answer “PANIC”.

Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.

What is the point in selling at low?
One must wait for the market to turn green and bullish.

The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says don’t put your arm overhead Grin

If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Easiest thing is to make the plan and follow that plan that you have made. Even if you feel like selling try to follow it, because those that play with emotions lose it in this trading world. Another tactic is to have your coins in the paper wallet hidden somewhere and make it a big effort for you to go pick the paper wallet expose private key and then send the funds to an exchange to be able to swap them
36  Bitcoin / Bitcoin Discussion / Re: bitcoin is the vehicle, we run it on: May 09, 2018, 05:25:06 AM
A lot of posts are about bitcoin (eg bitcoin for illegal transactions ... bitcoins change lives ... bitcoin destroys the world ... bitcoin poison and so on) but basically it's all humans that move .. bitcoin is the tool. Good bad how the tool is how the man who runs. is it worth blaming bitcoin. What is your opinion?
i think thats right we cannot blame bitcoin because it is one of the newest technology that can't run without someone who is operating on it. Bitcoin system is form with the purpose of giving people's a chances and opportunities to life become easier and convenient. It has a better platform that can help all people to reaching our dreams and goal in life.
37  Bitcoin / Bitcoin Discussion / Re: Will bitcoin destroy the world? on: May 08, 2018, 11:59:51 PM

Bitcoin mining is based on very high energy costs and environmental costs.

One bitcoin =20 barrels of oil.


How many barrels of oil do you think the industry consumes every year?


10 barrels? 50 barrel?

Each year, the mining industry consumes more than 24 terawatts of energy, the equivalent of 13,239,916 barrels of oil.

Every 10 minutes, 12.5 bitcoins are dug up, meaning 20 barrels of crude oil have been reached since each bitcoin was dug up (not yet traded).

In other words, the amount of energy consumed by the global bitcoin mining campaign is 40 times greater than the amount of energy needed to support the Visa card network.


One bitcoin transaction = one American family USES electricity a week.

According to encrypt the currency analyst Alex DE Vries estimate an index, the currency trading energy consumed each year more than 24 tw, this is equivalent to total energy consumed each year in Nigeria, which has a population of 186 million.


Currently, about 300,000 bitcoins are traded each day. Each bitcoin transaction costs 215 kilowatt-hours of energy.

The average American household USES about 901 kilowatt-hours of electricity a month, which means that each bitcoin exchange consumes enough energy to make an American family comfortable for a week.

What do you think about the energy consumption of bitcoin?
If that is true then we are already on the verge of setting up the global warming by adding the mining operations of the bitcoin. The global warming already existed however the thing has gotten intense now a days just because of the bitcoin mining. I believe that the electricity companies might be blessed with the top ups that they are getting but they might be tired by producing more energy than the normal rates.
38  Bitcoin / Bitcoin Discussion / Re: Bitcoin Now and Forever on: May 08, 2018, 01:11:46 PM
I've been listening to lot's of talk people are indulging in these days about future of bitcoin and most of them assume there's no scope and hope for bitcoin.

Maybe, Umm Maybe they are right but strongly they are wrong based on the fact the world is moving.
Gaint's company and people who are running an organization would never support in the future of bitcoin because they feel powerless when they won't control the money, but because of the power and technology is being used behind this coin they might surrender.

Ok, I've been listening to some people saying "We won't be relying on money generated by electrcity" my point is what's the problem in this "Are we going back to the era where there will be no electricity? No Never".

As a normal person like you, I believe there' no bad in these coins although they are making our lives easy and saving us from crazy taxes. I'm not a millionaire I think for my every single $ like most people. There is the downside of these coins that I might not aware of but overall it's a good experience for me. Although during my trades I always lost my money never get profit. (I'm bad at my luck or not know how to play)

As a resident of Las Vegas, I can see a dramatic change in this cryptocurrency no matter if it's going down but surely will raise based on the growth and usage.

If you wear some cool unique dress and other peoples starting to wear the same dress and after sometimes that same dress starts selling on the shops at your city and in the world that means your dress was really awesome.

Same with this bitcoins It's been used all over the city. Let me give you some real facts.

Las Vegas is the city of tourist and we all know people all around of world came here and these people have good money.

Casinos and gambling are the heart of Vegas the moment you step into the airport you will see poker machines and now casino's are accepting bitcoin...

Gentlemen's Club in Vegas have started to accept bitcoin. However, not all of them but the point is they realized and started to accept this powerful thing.

If you walk to the restaurant and have NO Dollar that's fine you can use your bitcoin to pay for food as Restuarants accepting Bitcoin...

I know there are many other big places you will see bitcoin being used I just mentioned places which are most visited places in Vegas.

PS: No matter how much the value of coin goes down we still can't predict the future and hope this currency should grow...

Your expert thoughts are always welcome  Cool


I will still believe that it will be more active in the future. Because it is just starting to penetrate the world.A wise bitcoin trader or bitcoin holder is a person who does not panic but sees opportunity on both sides. If you are wise you will see buying cheap bitcoins during the crash while earning profit when bitcoins price increases. But bitcoin loyalist who doesnt trade just keep holding their bitcoins for many years until a time that bitcoin reached their expected value then thats the time they will sell some
39  Other / Off-topic / Re: Bitcoin & College students . on: May 08, 2018, 12:22:42 PM
  I believe that a huge portion of the the crypto community are still young college students that don't have any necessities that need another source of income aside from their scholarships / the money they are getting from their parents .
And apart from spending their cryptos on either betting or purchasing goods/video games from online markets , many of these students didn't make plans for what they'll do with their coins in the future.
  I myself have had many thoughts about hodling and launching a business as soon as i graduate with the coins in my possession , yet i'm not exactly sure what i'll be doing ..
So i'm really curious about :
- On what do you spend your coins apart than partying/gambling/paying for tuition loans ?
- Do you have any future plans for your coins if you are hodling any ?

In the Philippines students who are 15 years of age and above are already earning millions of Pesos annually  from doing bitcoin jobs such as bounty campaign. They have high ranking accounts in this forum such as Legendary and Hero members.
40  Bitcoin / Bitcoin Discussion / Re: How to Secure Bitcoins? on: May 08, 2018, 08:04:30 AM
How to Secure Bitcoins?
Cold storage wallets are not connected to the Internet and are thus less susceptible to hacking. Since accessing a cold storage wallet can be inconvenient, it’s best to split the bitcoins you own. Keep a small amount of bitcoins in an online digital wallet for daily trading needs and keep the rest in cold storage. Cold storage takes the private keys in an offline mode, thus decreasing the chances of theft. The practice of using cold storage is not only popular with individuals but even with cryptocurrency exchanges that deal with huge sums and are often under constant threat by hackers.
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!