Bitcoin Forum
June 13, 2024, 05:17:51 PM *
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] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 ... 166 »
201  Alternate cryptocurrencies / Altcoin Discussion / Re: Samsung Galaxy S10 Official Crypto Wallet Revealed on: March 14, 2019, 04:33:43 PM
It is basically like metamask but for your Samsung galaxy s10 if I get it correct right ? Well, to be honest with you its both amazing and useless at the same time. First of all these awesome chrome extension wallets like metamask already makes things super easy so you do not actually "need" a erc20 token Samsung wallet and even if you want to you can just find one in the app store anyway (google store if I am not wrong).

Nevertheless, of course even with that in mind Samsung supporting stuff like enjin and kitties and so forth (and allows you to have many erc20 tokens stored) that is just pure adoption and great news. People who have no idea their phones could back up these kinds of stuff could start slow with airdrops and all that and move their way all the way up to high end dapps.

It is definitely not a great innovation but still great adoption.
202  Economy / Economics / Re: Company and Bank account for Crypto Exchanger on: March 14, 2019, 03:12:14 PM
Depends on what you really want the bitcoin for. If you have a system in Ukraine that can exchange bitcoin to your local currency than you can just use coinpayments.net to implement bitcoin acceptance to your website. So for example, a person from all over the world can visit your website, pay with bitcoin thanks to coinpayments, you get your money from coinpayments (they do accept much more than just bitcoin btw) and than the money you get from them you can exchange it to your local currency.

Nevertheless, if you do not have an exchange to turn your local currency to bitcoin or bitcoin to your local currency than you can use localbitcoin website which basically makes sure you get to change money. From first look https://localbitcoins.com/country/UA allows ukrainian currency to exchange for bitcoin.
203  Economy / Economics / Re: Barclays: ‘Facebook Coin’ to bring in $19 billion by 2021 on: March 14, 2019, 01:15:00 PM
A Barclays analyst said that Facebook’s digital coin would provide the social network platform a “lifeline” if investments stop flowing in.

Full article here: https://www.unblock.news/news/barclays-facebook-coin-to-bring-in-19-billion-by-2021
There is no f**king way it brings in NEW 19 billion dollars. First of all its not happening at all, it is not going to happen the way any of these news tells us it will happen. It will at best be a facebook coin that you can spend on stuff like advertisement and purchasing game fremium stuff and all that, nothing like actually be a shareholder of facebook or sorts, facebook is already on public and you can already buy facebook stocks so it won't be allowed to actually be a part owner of facebook thanks to the facebook coin.

So, what do you do with a facebook advertisement and fremium purchase coin aside from actually using it for those things ? Nothing. Hence, it can't be 19 billion dollars to the company, it could be 19 billion dollars spend that used to be dollars but now facebook coin but it won't be a new 19 billion dollars.
204  Economy / Gambling discussion / Re: Thoughts on Video game gambling addiction? on: March 14, 2019, 11:22:49 AM
I am not 100% against it, I mean there are many things to consider as gambling in our lives and loot boxes is just one of them, why care about these things when you do not care about the others.

Think about your mobile phones, when you play with a game and your "life" runs out and you have to wait 45 minutes each per "life" in that game and you buy bunch of it because you want to keep playing, is that legal ? Should it be legal ? Lets leave that aside, if you play a game with "game money" but you run out of that "game money" and you buy that game money from the game with money, isn't that a bit of gambling.

Loot boxes are really bad if you make it the way EA does but I have played NBA 2K almost all my life and even tough its getting worse and worse every year its till one of the best ways to open up cards to see if I can pull good players or not. Its really entertaining to build a team that way.
205  Economy / Speculation / Re: Relax, its just a hard market reset on: March 13, 2019, 08:56:34 PM
This keeps happening and people keep reminding themselves market does have a market reset time to time. Yeah when bitcoin reaches to 4200 and tries higher and fails than the following will be a market reset for sure, we gotta get used to it, just because price went from 4200 to 3800 do not think bitcoin is dying or something, its expected.

A price can't sustain to stay at 4200 if it can't go any higher, trying 7/24 to go higher is not realistic. You try it and if you fail going higher than you fall back, than you try it again and you fall back again. That is how financial markets work, there is support and resistance and you try your resistance and if you fail you drop to your support. Instead of fearing the support levels, use it to buy bitcoins and use resistance to sell bitcoins to make more profits.
206  Economy / Speculation / Re: Bitcoin spike on: March 13, 2019, 07:05:02 PM
The latest tests of 4200 really showed us that bitcoin is still not really ready to any further. If we can't move pass the 4500 mark than there is no reason to get excited about the increase in the price. Yeah, hitting 4200 is a great thing and as long as bitcoin doesn't go to bottom I am happy, the 3200 levels are untouched for months now and as long as we do not go below 3200 I will be happy but being happy about not falling and being happy about going up are two different things.

I am happy that its not going down but I am not super happy about reaching 4200, I am as happy at 3800 as I am at 4200. We need to either gather more whales around and make them all work together to beat this resistance that is keeping us here or we need to create a new hype and bring in "new money" into bitcoin to break that level.
207  Economy / Economics / Re: R u consider rich holding crypto during hyper inflation on: March 13, 2019, 05:42:03 PM
Sort of. Depends on dollar as well. For example if you live in Venezuela (or any third world country like Zimbabwe and so forth) dollar also gains value, so instead of holding bitcoin if you had dollars in your pocket during the hyper inflation than you already made a lot of profit and considered rich.

When everything is going perfectly having 100 dollars in your pocket is not a huge amount but when your 100 dollars that you stored just in case gains about x100 or more in value than you could be considered "rich", not in the sense that your 100 dollars will buy you multiple houses but at least you could get some more food than other people. Same applies to bitcoin or euro or sterling and so forth. Having a foreign currency whatever it is will help you out a lot.
208  Economy / Trading Discussion / Re: 95% OF YOU Will Fail Trading: Learn how to overcome this stat on: March 13, 2019, 02:39:38 PM
I think almost all of the listed information is true. I mean don't get me wrong these are not new information, many people know this and STILL fail at trading most of the time. What you may consider failing at trading is sometimes not as horrible as you might think.

For example, someone who bought bitcoin at 20 thousand dollars and sold it at 3200 dollars has failed a big time in bitcoin, he really screwed up, but someone who bought at 20 thousand and sold at 19 thousand also sort of failed (now looking at the price he kinda get away at the right time but when he made the trade he considered it a bad loss).

Hence, all in all yeah, you can follow all of this and during a bull run you will make a lot of great money but during bear market it doesn't matter if you lose or not, anyone can lose during bear market and that will not mean a failure, just make sure you lose as little as possible.
209  Economy / Trading Discussion / Re: What do you think should I buy for 1 year? on: March 12, 2019, 06:39:37 PM
I would suggest keeping it at bitcoin. I mean I know it won't be this big home slam of a return and you won't get like x10 of your money in a year but at least in 15 months we can be sure that bitcoin will be going up a bit. Even ethereum could do something like that if you want, that is big enough as well.

The reason why I am not suggesting any smaller altcoins is that even tough there is a chance that you could make a ton of money with them there is also a chance they could go to zero as well, we have seen plenty of horrible coins that basically turned out to be failures. Yeah there are really good ones like cardano and iota and whatever but do you really want to take the chance? I think bitcoin is as decentralized as it gets and could not be ruined by some people so I still suggest that.
210  Alternate cryptocurrencies / Altcoin Discussion / Re: Be aware, so many scam coins are around on: March 12, 2019, 04:09:22 PM
Seriously have no idea how to do research anymore. I mean even the greatest resources I have followed to find the best ones have been bought already, these new smart scammers just pay the good trusted people the shill their coins and they get away with it. That trusted person taking the money is now of course no more trusted but we have already lost the investment anyway. It is really not that easy out there now, if you want to find some information that is legit on a coin its really tough, you can't even separate what is true and what is false.

I check how many people work on a project and it says 150 and I check other sources it ranges between 5 to 100, like where does these information spread. I don't know what to trust anymore you read something online about a project and maybe its a great news or maybe it is a bought piece of news paid by the coin.
211  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the biggest possibility of logistics + blockchain? on: March 12, 2019, 02:58:53 PM
My father has worked on logistics for years, he has retired from the same job after 32 years and his job was arranging the paper works for the truck drivers and products, when truck drivers haul some items to another country they have to pass between multiple countries and they have to not only show papers of their own truck driver eligibility but also the eligibility of the items and their contents which was all done by my father.

I had many talks with him about what is blockchain and what is bitcoin to further explain what I do as my job so he is fairly knowledgeable about the concepts and first thing he said was it would be so much easier for the paper work, instead of constantly writing and preparing paperwork and proving its legality he could have had used a software with blockchain that is basically consisting all information just like a database that can't be corrupted which would make his job so much easier but he thanked god it didn't existed 20 years ago because he would have been fired and replaced by a blockchain and a part time college student Cheesy.
212  Economy / Speculation / Re: Does Bitcoin coalesce among whales during the bottom? on: March 12, 2019, 01:06:12 PM
Well, there was a topic that stated and showed how whales of bitcoin bought thousands of bitcoin during this low market period. It is the smart thing, even the poorer people manage to grab some bitcoin during this time, I have managed to cover most of my losses and save up some bitcoin and I am hoping to keep a bit more in the wallet for long periods of time.

Investment and trading are different things and there are a lot of traders during bull runs but there are more investors during bear times. If even people like me who put aside couple hundred bucks to wait out the storm and profit during the bull run I am sure you can bet on the fact that many whales have bought thousands of bitcoins to profit later on when the price reaches back to all time highs again one day, don't know when it will happen but its sure as hell won't stay here forever.
213  Economy / Speculation / Re: Do a lot of western governments like bitcoin and dislike banks? on: March 11, 2019, 09:34:03 PM
Economists and governments are different. There are two types of economists, one is acedemist that is working in a college and writing thesis paper on how economy works and they are very aware of the fact that our current financial system can't be sustained and that is why we constantly have resets (financial crisis) that destroys all stocks at once and starts to go back up, if one stock goes down people leave it and it goes down even more destroying the company but if all stocks go down there is no reason to switch stocks.

Nonetheless, some economists are working in banks which they know the same things others know but they know they will be getting richer and richer on this unsustainable system, so even tough it makes poor people poorer they know it makes them richer.

Governments only care what benefits them, if crypto benefits them than they love it, if banks benefits them than they love that.
214  Economy / Speculation / Re: Here we go. Bitcoin ripping through $4000 on: March 11, 2019, 07:58:15 PM
Seriously bitcoin has been testing these prices for so many times now I am sure we will break it at some point. I don't know how we will do it but the price has been testing above 4 thousand dollar levels constantly, I do not think we will just stop here neither, if we can break the 4200 levels and reach to 4300 levels I am pretty sure we will also move towards 4500+ levels as well. I know just a 5%-10% increase is nothing for people but it also has a shot at going as much as 5 thousand at this point.

So, for anyone who is looking to get into it, I would suggest putting a buy order at 4300 and if you see it going higher put a sell order at 4500+ levels because its not stopping somewhere like 4350 after breaking it. When bitcoin goes up it doesn't go up just a bit, it goes up a lot (unfortunately same for going down).
215  Economy / Economics / Re: Can bitcoin be worthless? on: March 11, 2019, 04:08:23 PM
Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?
Worthless is a very vague word if you think about it. If you mean worthless as in zero than I doubt bitcoin will ever be zero.
However, if you mean worthless as in Venezuela money or what was that African country with trillions of dollars just to buy a water type than I am sure it could be arranged.

10.000 bitcoins for a pizza could once again happen one day. Everyone thinks bitcoin is such a great currency and I agree with them but we are talking about history of humanity so yeah maybe in the next decade it will be great but 500 years from now ? Really ? You think 500 years from now bitcoin will still be a thing ?

I doubt every country having their own money will be gone, I think world will have just one currency by that point which would make bitcoin needless because it will be even further developed.
216  Economy / Economics / Re: BitGo Goldman Crypto Custody and Fidelity Launch on: March 10, 2019, 03:04:03 PM
You can find the small details in there that makes it so obvious. First of all of course big huge corporations putting money bitcoin is a no joke, it could affect more than it puts, just putting in couple billion dollars with their name on it makes it go way more than just that couple billion dollars. So I definitely agree and it is definitely a thing of importance to all of us.

Nonetheless, considering bitcoin should be a decentralized products, all this "lets hope goldman helps" "I bet sec would make it skyrocket" type of dependency is not a good thing for us. Aside from that bitgo is basically hoping they would be in favor with these huge companies and get a share of the wealth, that is the reason why they are sucking up to them, if I could partner with goldman on ANYTHING I would be loving them too.
217  Economy / Economics / Re: Acceptance of bitcoin as payment! on: March 10, 2019, 09:03:15 AM
The other day I read on reddit that some dude was capable of sending and receiving money with %1.5 total to his friend in another state of usa (he was also in usa state) but it cost him 3.5% total on commissions to get bitcoin and send him money.

We all love to talk about how cheap the adoption should be and how people are getting ripped off by master and visa cards and so forth but we forget one eternal truth, financial world is greedy and even tiny 0.1% of something that brings in billions of dollars is big.

If you have 5 dollars and want to send it to your friend you can do it without bitcoin quite cheaply right now, it costs a bit but nothing major, same goes for anything like 100 dollars or so. It is a challenge when its worldwide tough, so from one country to another its a deal breaker. Nevertheless, when it comes to bitcoin you need to first have a bank account, send your dollars to your bank, from bank to say coinbase than from coinbase you change it to bitcoin than you send that bitcoin to someone else, all combine costs a lot.
218  Economy / Trading Discussion / Re: Is there any reason to day trade anything other than bitcoin? on: March 10, 2019, 07:50:27 AM
I think the clearest answer is the bigger risk and reward calculation. Bitcoin is something we all trust and it has a very reliable support behind it so when it goes up it goes up. However the smaller coins do not have that type of support and not known as much as bitcoin so when you consider investing into them you are taking a bigger risk than investing into bitcoin.

Yet, when you invest into bitcoin for example the ATH is about 6.5 away from today, whereas if you invest into ETH which is not even that small you have x10 increase from here to ATH (even more) if you take smaller coins there are ones that has x50 for all time high. Basically, the lower you get the higher risk you take but higher reward you could earn as well. So it all depends on how much risk and reward are you willing to test your money with.
219  Economy / Trading Discussion / Re: Help with trade profit calculation needed on: March 09, 2019, 04:36:25 PM
Normally it should be 4021 for a 2% increase, however there is trading fee's all around the exchanges so you need to ask yourself is this maker fee or taker fee ? Is this on which exchange ? What is the fee structure there ?

Will you consider buying the bitcoin fee as well which has expenses on sending your money from your bank to their bank ?
Will you consider withdrawing from your exchange to your bank as well which has withdrawal fee ? There are a ton of stuff you want to consider when you are calculating these things which usually comes to more than just 2% when all combined.

Moreover, if it is just purely 2% from that price the easiest calculation you can do is to multiply with 1.02 , if you take x number and multiply it with 1.02 you will have 2% increase, if you multiply it with 1.07 you will get 7% increase. That type of math could help you save a lot of time.
220  Economy / Speculation / Re: Do you have a prediction? on: March 08, 2019, 07:25:19 PM
I don't really like predictions, I am not fond of them really. However if I had to make up a prediction I would say we have already seen the bottom of bitcoin we can see. Now that doesn't mean bitcoin will go up right away, do not expect to see bitcoin at 100 thousand dollars tomorrow, however I can say it went down as much as it could and found the bottom already.

Price could stabilize around here and could go up and down between 3 somethings and 4 somethings thousand dollars but it would probably (and I mean probably) won't go down under 3 thousand dollars from now on. Of course that is not a given thing and who knows maybe it will but to me it looks as if it won't anymore. That could change quickly if a whale comes up one day and sells 30 thousand bitcoins all at once and wrecks the market of course.
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 ... 166 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!