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21  Bitcoin / Bitcoin Discussion / Re: Should I buy bitcoin now? on: October 25, 2017, 08:52:38 PM
No .... Price is too big ATM .. So try to wait it to goes down for 10-20 percent Smiley
You know that in the long run current price is still kinda low and we should reach $10k soon? Most likely in 2018.
Waiting for the price decline of 20% is IMO pushing it too hard. Don't be so stingy and buy BTC now or wait too long and miss this opportunity.
If you can't decide for sure what to do, then simply buy some BTC now then wait a bit to see what situation will bring.
22  Economy / Economics / Re: Do you think bitcoin gold value will rise to bitcoin value on: October 25, 2017, 08:38:53 PM
Never say never. Bitcoin is for now in great shape - it is considered as the best investment of recent years, but no one knows how it will scale.
Gold has a long history, it was always regarded as something precious and valuable for every single nation - there is no country in the world where gold is not appreciated.
Bitcoin from the other hand can be either very successful or in the long run fail to capture people's attention and fail.
23  Economy / Speculation / Re: $10,000 by 2018 is looking now like a possibility on: October 25, 2017, 07:10:28 PM
It seems to me that people have turned bitcoin in God and now pray to him in the hope that it will enrich all. Can't all be rich. It is beyond the power even of God. Why do you believe in such optimistic forecasts? The growth of bitcoin 10 times in one year is unlikely. It seems to me that if the price held at about $ 5,000 is already a very good result.
Some do have a blind faith in bitcoin but I think the reasons for that and why everyone thinks we can become rich with it is for the simple fact that we still got early in bitcoin, if the price is this high with such a small amount of bitcoin users, then when bitcoin reaches world wide adoption the the prices are going to be much higher and that is going to give us all a chance to become rich.
So you just confirmed that this 'faith is bitcoin' is somewhat justified by fact that we are still early adopters (despite what people say about 'expensive' bitcoin).
$10,000 bitcoin is certain - the only real question is when we will reach that milestone - 2018 seems good guess. At least when we base our observation on previous bitcoin price movements.
24  Economy / Speculation / Re: Bubble or Not? on: October 25, 2017, 06:30:55 PM
Who even coined the term 'fifth bubble'? There is nothing like first, second... and obviously, fifth bubble. There is only continuous growth.
Bitcoin is game-changing concept new era of the economy - an idea worthy of Nobel Prize - how you can even call it a bubble?
BTC is still undervalued by far, we have 6 billion people in the world and only 21 million of Bitcoins - do you still that $6k per BTC is a 'high price'?
25  Economy / Speculation / Re: Bitcoin again down? on: October 25, 2017, 05:44:00 PM
At this point in time, I am still surprised that people even try to discuss and find a reason for this minor pullback.
This decline is so obvious that I would be really shocked when it wouldn't happen, fork happened - people caught BTG airdrop and sell off is to be expected.
As some of you say already - every time when we see a decline like this it is worth to buy some more BTC - you can never go wrong with that.
26  Bitcoin / Bitcoin Discussion / Re: Bitcoin forks stealing Bitcoin name, Boo Hoo! on: October 24, 2017, 08:08:19 PM
I believe Bitcoin was not patented in the first place so all can use the name Bitcoin.
Wasn't Craig Wright working his ass to patent it back in the day? I have no idea if he succeeded with that, but I know that patent law is kinda random.
In the US you don't need to be the original inventor of something - you just need to be the first to patent it. S
o in a couple years when the patent office will process this case, we may wake up to see Craig Wright is the rightful patent owner of the blockchain idea Wink
27  Economy / Economics / Re: Electronic Money vs. Physical Money on: October 24, 2017, 07:54:27 PM
There's a lot of distinct differences that could be drawn between the two.

1. Fiat can be created from thin air; cryptocurrencies has a set amount of coins to be mined/acquired.
2. Inflationary (fiat) vs Deflationary (cryptocurrency)
3. Region-restricted purchases (fiat); shopping with no borders (cryptocurrency)
4. Requires an intermediary to store money (fiat); you're your own bank (crypto)

These are some of the things that differ crypto from fiat. There's a lot more aside from those things but that's just what I thought off the top of my head.
1. I know that you can't add more coins to existing coin cap but still, new cryptocurrency can be created out of thin air as well, look at the amount of new altcoin created every day.
2. At this point it is hard to say how bitcoin or other cryptos will scale, we have not entered the phase of deflation as new coins are still being mined.
3. Pretty much I agree with you here, the minor problem is really limited selection of merchants/services accepting BTC payment.
4. Not exactly, you can store your cash on your own, but yes banks are kinda obsolete and harmful entities IMO.
28  Economy / Speculation / Re: Bitcoin unstoppable now on: October 24, 2017, 07:49:06 PM
I love to see how people mood are affected by news and price trends. I've been trying to distance myself from that way of thinking since long time ago.
Let me tell you something, Bitcoin is not unstoppable it is highly dependent on people's perception of it - if USA, Russia, China and EU would say that Bitcoin is harmful.
Do you think that people would be willing to trade, or buy bitcoin for $5k or 6k? We would have an immediate crash to under $1000 probably even less.
This grim scenario probably won't happen anytime soon, but it is not that impossible, don't you think? Don't be overly optimistic!
29  Economy / Speculation / Re: Be careful. (Newbies and others ...) on: October 24, 2017, 07:41:47 PM
Stop dreaming about serious game-changing ETF, it is not gonna happen anytime soon. SEC won't allow it.
They said it many times over and over again, they cannot allow bitcoin to be traded because:
a) it is not regulated like real stock exchanges and commodities, bonds are
b) there is no real protection for investors - as far as I can tell bitcoin price might drop to zero tomorrow
30  Bitcoin / Bitcoin Discussion / Re: Richest Saudi's Prince Statement on: October 24, 2017, 07:36:37 PM
What can you say about Prince  Alwaleed bin Talal of Saudi Arabia's  statement that bitcoin will collapse like Enron? Do you guys think that it will have significant value on the prices?
Does that Arabian Price know that most likely during his lifetime global reserves of oil will be probably totally depleted?
Anyway, it is useless to ask people from the establishment bankers, oligarchs, stock traders etc about bitcoin.
They are natural bitcoin enemy - so of course, they would say that BTC is 'not good' or it is a fraud or a bubble, what else can they say?
31  Bitcoin / Bitcoin Discussion / Re: What Is bitcoin Gold ? How To Claim It ? on: October 24, 2017, 07:18:18 PM
The problem with Bitcoin Gold is that this is completely different than Bitcoin with the different codebase entirely.
Bitcoin Gold has no replay protection, no rules about consensus, no valid code for testing purposes also you can validate its code at all not to mention we don't know who the developers of BTG are.
And now wait for the best part - Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG). I'm waiting for developers to dump it all ASAP Smiley
32  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BTC Gold on Bittrex? on: October 24, 2017, 06:29:43 PM

I have my BTC's in my Bittrex exchange wallet.
Does anyone know whether BTC's are not to be touched in order to get BTC Gold, or BTC's in the Bittrex exchange account can be used for trading?


According to their official statement any BTC you keep online on Bittrex is eligible for being credited with Bitcoin gold.
When you had bitcoin on Bittrex during block 491,407 you should be credited with Bitcoin Gold so I assume it is safe to trade ATM.
But you need to know that the actual Bitcoin Gold network will launch publicly at a later undetermined date and time.
33  Economy / Gambling discussion / Re: Why people are sharing tips? on: October 24, 2017, 06:19:33 PM
Why some people can't understand that besides money and financial status we have something called fame or recognition.
Most tipsters seek the latter and therefore they are willing to share their tips for free, some of them after reaching certain point,
when people realize their tips are actually really good and useful. Then tipsters usually start to offer premium tips as well... 
34  Bitcoin / Bitcoin Discussion / Re: Criminality and Bitcoin on: October 24, 2017, 06:05:20 PM
https://www.deepdotweb.com/2016/01/23/bitcoin-playing-an-increased-role-in-crime-europol-says/

Would you believe that the existence of bitcoin has increased the number of criminality in  some countries in the world. This is the issue that was being thrown by the EuroPol and the UK Metropolitan Police. According to them bitcoin has played a huge role on the increasing criminality in their area. They added that a huge number of cybercriminals were using bitcoins in their activities.

This just shows that as bitcoin develops both advantages and disadvantages will tag along.


I find it hard to believe. In our country it's the opposite actually. The crime rate decreases, because people who were desperate to find jobs resulted to bitcoin, so now they just do bitcoin. However, there are still cyber crimes reported such as scamming.
Bitcoin is simply an opportunity, a door and a new way. It is not fair when you view it only a tool for criminals to scam people.
Have you heard of skimming? It is an electronic method of capturing a victim's personal information used by identity thieves.
For example, when you use your debit/credit card to withdraw money from the ATM scammers will capture the data and use it to steal your money.
So do you think that ATMs are bad in general? Just because thieves found a new way to steal people's money?
35  Economy / Speculation / Re: Price of 1 Satoshi rise to $1? on: October 23, 2017, 09:04:17 PM
My personal target is 1 satoshi = 1 Cent thsi will be fair enough . We don't want to destroy USD or any other currencies lol Smiley
don't we?
May I ask why? Fiat currencies are flawed by design, they are nothing but pure delusion based on empty promises. Spiral of debt is the weapon of the current economy.
The sooner fiat system will fall the better - do you really want to support parasitocracy of central banks, lesser financial institutions and feed the system?
Jamie Dimon is already afraid to the bone. He knows that days of banks superiority will soon be over.
36  Bitcoin / Bitcoin Discussion / Re: Correct steps to secure BTC and also get BTG? on: October 23, 2017, 09:00:09 PM
Op, that is pretty much all you can do get another portion of free cryptocurrency. I heard that you can trade BTG on Yobit if you like.
I would see and watch how the price of the BTG will shape in the future. Maybe it will be successful?
After all this is free money anyway, there is no need to be hasty and sell everything right away.
37  Alternate cryptocurrencies / Altcoin Discussion / Re: Is important to find an escrow for ICO project? on: October 23, 2017, 08:23:03 PM
We need to debunk some crazy myth right here - ICO with escrow is not automatically regarded as well established or 'better' than the one without one.
Having escrow is sure a great option and additional argument that ICO might be more secure but you need to consider some things first:

1. Hiring escrow is not that difficult or hard, you just need to pay him. Most escrows will accept any job even the shadiest one.
2. Scams when it happens - it will be most likely after escrowed funds will be released.
3. All in all, don't be baited by a false sense of security.
38  Bitcoin / Bitcoin Discussion / Re: Australia moves to regulate the bitcoin is it good or bad ? on: October 23, 2017, 06:39:24 PM
Australian government want to regulate it not to ban it - do you think that Bitcoin or any cryptocurrency can exist outside the economy as at the same be a part of it?
Can't you see what happened to do Bitcoin after Japan regulated and embraced it? Before that time, I heard voices that Japanese regulators will impose draconian laws.
That they will butcher idea of bitcoin etc. but what is really the idea behind bitcoin? To be outlawed and in the end not used by anyone?
39  Bitcoin / Bitcoin Discussion / Re: What's your biggest regret about bitcoin on: October 23, 2017, 06:17:47 PM
Not having bought enough when I was in the beginning.
I like when people say that. Let me ask you something, did you know about bitcoin back then when it was a totally insignificant experiment?
Why didn't you buy it back then? Because you probably have no idea how bitcoin scale.
It is easy to say that if you could turn back time while knowing that you know now and bought bitcoin back then.
But what if the current price is not the end of the road for Bitcoin and in the future, we will see even price 10x higher?
40  Economy / Speculation / Re: BTC price down on yobit, btg now trading on: October 23, 2017, 06:05:15 PM
First of all, Yobit is a graveyard exchange where even the most shitty altcoin can be listed with no problems.
It lacks credibility or is not an opinion-forming market at all. This little decline of Bitcoin's price might be caused by fork or may not.
I definitely don't believe that it Yobit has anything to do when it comes to shaping price of Bitcoin. Stop trying to link invisible dots Smiley
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