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2121  Economy / Economics / Re: lest we forget, Bitcoin is a blessing. on: August 10, 2017, 08:58:33 PM
In many ways, mainstream institutions are continually embracing Bitcoin. Exchange and swap execution regulation is happening, and Bitcoin and other cryptocurrencies are becoming a more acceptable part of the financial world.

However, there is significant opposition to the starting principles of Bitcoin vis-a-vis cypherpunk ethics. There is a real war on anonymity and "criminal" uses of Bitcoin, and this includes attacking privacy (particularly by targeting gateways into and out of Bitcoin). Fungibility is increasingly a real issue as blockchain analysis companies become entwined with law enforcement agencies. I wonder what will happen if/when BTC-e refunds users their crypto....
I have always thought that some anonymity features will need to be put into bitcoin eventually, fungibility is a big issues when it comes to a currency, every single coin needs to have the same value and some exchanges do not accept coins that come from casinos and as time passes things are going to get worst.
2122  Economy / Trading Discussion / Re: how to start trading with a very small amount on: August 10, 2017, 08:55:55 PM
One thing i'm doing is to get stop being lazy at home and invest my time into another part time job and use that extra money to dump on Crypto. That way I won't regret it fully if the market does crash in the future. And because i think crypto trading as something fun. Always trade with money you can afford to lose. I wouldn't recommend gambling but some people do get lucky and win big with it.
I do not see the difference at the end of the day that is money that you earned and if everything goes wrong that you could lose, also earning an additional income is harder for the simple fact that after a difficult day at your job the last thing you want to do is to work even more.
2123  Economy / Trading Discussion / Re: Do I hold? on: August 09, 2017, 09:52:47 PM

I still can not even dream that the price will exceed 4000 dollars. Especially when you consider that now everyone is talking about a split.
Bitcoin can achieve such a high price only after 6-8 months

This will be a hard fork for all of us. Whether bitcoin will be properly split?
We all hope that bitcoin will reach 4000 $ in the near future.

If you speculate for the next 6-8 months. That's too long
I think bitcoin can reach that price of 4000 dollars before the end of the year, bitcoin is looking strong, but the only issue is the next hard fork that could create an additional bitcoin clone, in my opinion that would be really bad news since most miners want to do that so it is not going to be a weak fork like the one we currently have.
2124  Alternate cryptocurrencies / Altcoin Discussion / Re: best altcoin to collect? on: August 09, 2017, 09:46:29 PM
i read this thread https://bitcointalk.org/index.php?topic=137.0
pizza for 10,000 BTC
and it came in to my mind what if i collect some altcoin right now..
because maybe someday price can be better than now..
im panning to keep it for the next 5 years or more and lets see what will happen..
what do you think what altcoin is the best to collect?




For me there are a lots of altcoins to invest with, you just need to have faith in them and to risk, nothings gonna happen to you when you are afraid to take risk. Me personally I have a lot of altcoins here in my wallet, there are litecoins, ethereum, waves and others. I gained them when I joined in a bounty campaigns and until know I'm holding them because the value still varies and never goes up. I'm still hoping to get a lot of profit on those so I keep on holding them instead of selling it on a lower price.
The problem is that just getting altcoins from signature campaigns and bounty campaigns is a very slow way to get altcoins, you are better off studying some of the altcoins you are interested in and then investing a huge amount of money, that way when it goes up, you can get a lot more benefits than the ones you can get with your current holdings.
2125  Bitcoin / Bitcoin Discussion / Re: Bitcoin Outlawed: Get Away from Bitcoin or Be Imprisoned! on: August 09, 2017, 09:43:28 PM
Okay, I know that the headline of this post seems to be too much but I am sure it has generated some eyeballs. Now, this is just another hypothetical situation: What if your government will decide one day that the use of and holding Bitcoin is illegal and anybody found to be contradicting this position can be thrown to jail with at least 5 years as the sentence without the possibility of using any internet-connected gadget?

I am assuming that the government would be using the latest technology and techniques  for surveillance and detection against people who are fond of Bitcoin.

Would you still be involved with Bitcoin or just be a sheep and follow along so you can't be a victim of the government overreach?
It depends, in my country there are thousands of laws and even some of the most basic ones are not applied, so if it was banned in my country at first I’m not going to be worried, if after some time I see they are serious about their attempts to crush bitcoin then I will move out to another country.
2126  Economy / Scam Accusations / Re: Release the hounds : 45.8 BTC stolen - electrum-wallet.com CRIMINAL sticky pls on: August 08, 2017, 05:55:58 PM
I was running multisig but both on the same PC. First i ran the portable electrum.exe from  electrum-wallet.com but when it did not load my wallets *NOTE : the ones that had BTC in them ,it loaded just fine any other wallet ) - I don't want to hear opinions on my stupidity

who told you that "electrum-wallet.com" is the real website to download a bitcoin wallet from?
i am sorry for your loss but you should have double checked where you are downloading your wallet. this is not even the first scam attempt and there have been a couple of more of these sites like this.

the official electrum wallet website is electrum.org and there is no alternative to that. any other website is a scam.

OP doesn't want to be called out for "stupidity" or whatever. I am not saying you are doing so, but let's be respectful.

With that said, you are right. If I was moving around 45.8 Bitcoins, you best believe it would be with the utmost precaution. I have lost my fair share of Bitcoin to scams and not prepared to lose more. I feel bad for OP though... the current state of Bitcoin is terrible and I think it will only stay the same, or get worse. Imagine what will happen when Bitcoin becomes mainstream. Everyone and their mother will have Bitcoin on public exchanges and scamming will become normal. It is sad.
Credit card fraud is rampant as well and that does not stop people from using credit cards, the only issue is that with bitcoin you cannot get the money back and this is something people will need to get used to, in bitcoin there is not a security blanket protecting us, if you lose your money you lose it for good.
2127  Economy / Economics / Re: Can Bitcoin Volatility Be Controlled? on: August 08, 2017, 05:52:06 PM
Its volatility is its only important weapon actually, based on which businesses are adopting Bitcoin as a new way of financing themselves to nurture the beauty of something that is money itself and provides interest to you to keep it. Controlling it would rather remove interest of many who are in it just for the sake of trading.
Not only that but the only way to control the volatility of bitcoin will be to control the bitcoin supply, so if the price of bitcoin goes up then new coins will have to be mined in order for the supply to go up and the price to be stabilized and that goes against everything that bitcoin represents.
2128  Economy / Trading Discussion / Re: 1 Million satoshis per day on: August 08, 2017, 05:49:21 PM
Can I earn a million satoshi a day? If you are lucky and with the appropriate skills on the exchange they can earn. However, here you need good market knowledge, otherwise you can not earn, but lose.

We are went that much to calculate the earning in satoshi first. If you have enough skills in IT development side or in business related wise means  you can easily earn 0.5 bitcoin per month atleast. If you fine trading skills, please choose the most using exchange site to start trading.
I believe trading must be the appropriate option to have 1 million Satoshi every day.
But trader should not think about making that much profits from the beginning itself. He must gain experience in beginning days so that he get chances to develop up trading skills which will be helping him to make consistent profits.
Trading like anything is a skill and like any skill there are those that are naturally good at it, and there are those that need to study hard in order to become any good at it, and there are those that no matter how much effort they put into it are never going to become good at it, so you need to discover in which category you fit in before making any trader for real.
2129  Bitcoin / Bitcoin Discussion / Re: tax on the bitcoin in USD on: August 08, 2017, 05:42:27 PM
I believe that the state can not establish a tax on the sale or purchase of a bitpoin on the exchange or between individuals within the digital space, except for commissions for a transaction. When buying and selling crypto currency through a bank, the bank sets the amount of commission taking into account the possible taxes of the state, that is, the amount of tax should be included in the amount of commission. Each state can only establish a profit tax on activities with a crypto currency. In Japan, for example, this tax was recently set at 8 percent of the profit that brought the crypto currency. Other taxes, in my opinion, the state can not establish. However, for full confidence in this, it is necessary to consult a lawyer of your country.
Yes it can, bitcoin is considered in some jurisdictions as an asset, like a stock, if you buy a stock for 5 dollars and then you sell it for 10 then you are subject to taxes for capital gains, basically you need to pay taxes on the profits you got from selling the stock, to me it does not make sense but that is the way it works.
2130  Economy / Trading Discussion / Re: Bitcoin in the moon!!! on: August 07, 2017, 10:21:30 PM
Everyone was speculating that after the split the price of bitcoins will crash but it didn't happen and price is moving in a positive direction slowly and steadily and no doubt that price has been lower today in compare to yesterday but in coming days we can expect the price of $3k or more.

Those speculations are just FUD and look on what happened after the fork. Nothing has changed the price was still good as yesterday and it's possible that we are going to see the price of bitcoin go higher at $3,000 very soon. We just have to wait the another event on November but otherwise bitcoin will remain stable and strong.
I do not think the fork planned for November by the miners is going to happen, in fact this fork happened because of the strong suspicion some of the biggest miners were not going to through it, and as the failure of bitcoin cash shows the miners are going to be left alone in a useless chain if they decide to fork.
2131  Economy / Economics / Re: How to double your money using BTC? on: August 07, 2017, 10:18:06 PM
Though holding bitcoins can be profitable in long term, but it doesn't really double the price in 6 months all the time, not anymore actually. In past, the price used to be lower so there used to be a possibility of getting double in about 6 months or so, but now a days the price has raised very high and it doesn't seem possible to get double by holding your coins within a few months.
The bigger bitcoin gets the more difficult it is to double its price that is why many people decide to trade altcoins instead with a lower market cap that way you can have greater earnings the bad news is that there are many people with the same idea and those markets are becoming saturated as well.
2132  Economy / Speculation / Re: To sell all?? on: August 07, 2017, 10:16:14 PM
Selling all at once is never an smart idea as you never know what will be the price of bitcoins in future so even if you are making good profits currently its always good to save some bitcoins for coming days as if price goes higher in future then you can sell your coins at higher profit margins.
Another basic rule of trading states that your trades must never be higher than 10% of your capital, that way if your prediction fails you only lose a small amount of money, but that is not what people do, people want profits fast and they are going to invest their full capital, that is why we see some people in the forum claiming that they lost half of their net worth in a day.
2133  Alternate cryptocurrencies / Altcoin Discussion / Re: How do i get free coins? on: August 07, 2017, 10:13:34 PM
On a lighter note ... Amass as many BTC as you can before 1 Aug and then you can have free BCC coin (No efforts required, no signature campaigns, no bounties) .. Its totally free Cheesy  Wink
It is not truly free, since in order to get BCH you needed to have an equal amount of BTC, and since we know that BTC is really expensive then those coins were not given to you free of charge also I did not saw those coins as free coins, I saw those coins as a type of bribe, you got those coins and if you wanted them you needed to use the BCH blockchain.
2134  Economy / Economics / Re: lest we forget, Bitcoin is a blessing. on: August 07, 2017, 04:53:10 AM
The banks do not care about Bitcoin right now... it is still too small. The market cap is less than some people's net worth's... think about it. But soon when/if it gets over $10,000 it will be worth more than any person and everyone will start taking notice. But the banks still won't care until it poses a significant threat. I think the market cap would need to be closer to $1,000,000,000,000 before that happens.
$1 trillion dollars would mean each bitcoin would be priced at $62,000 at 16 million bitcoins in circulation. Well, if that would be the target (or truth) then I would definitely bet all my money on bitcoins. However, that is still far from the truth. Bitcoins can easy be bought just by even one big bank and it will not even dent their wallets.
Banks can buy bitcoin if they want but that is only going to help bitcoin also they cannot buy all the bitcoin because not all the bitcoin is up for sale, many holders are not going to sell no matter what, also if a bank buys a lot of bitcoin that raises the price and each new coin they want to buy becomes more expensive.
2135  Bitcoin / Bitcoin Discussion / Re: Bitcoin DOOMED to have high transaction fees on: August 07, 2017, 04:48:12 AM
Ok, let's calculate the transaction costs of gold for international transportation

10 grams of gold (around 0.15 BTC) in an envelope. $1.20 postage 99.5% chance of arriving without issue That's a 0.0012 BTC fee.
I do not know where you live, but that is not going to happen, sending valuables through the mail is not forbidden in my country but the reason no one does that is because the mailman will steal that money, you can be sure he is going to notice the envelope is heavier than usual and it is going to open it and when he sees that gold the letter is going to disappear.
2136  Economy / Trading Discussion / Re: how to start trading with a very small amount on: August 07, 2017, 04:43:54 AM
as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me
Before you trade, you must have enough knowledge to the cryptocurrency world. You must have a good information about all the tokens that will you trade. If you want to trade with a very small amount of money for sure your profit will be also small.

Agree, people that are new to trading usually instantly wants huge profit and that it's easy way to earn, but since they don't have knowledge or experience they lose their money. You can trade with small amounts same as you would with large ones, trading with small amount is even better as if you will do mistake you won't lose that much.
The problem is that people see the potential huge profits they can make in trading and then they get blinded by greed and think that if they invest everything in a single coin then they are going to earn a fortune, in a way people like that are not really trading but instead they are gambling with their money and as we know it is not going to take long until you lose all your money.
2137  Bitcoin / Bitcoin Discussion / Re: Being Unemployed Drives People to go to Bitcoin on: August 07, 2017, 04:39:35 AM
Personally the desire to earn more income to support my irregularly paid monthly salary pushed me to seek other alternative source of income, since joining this forum I was able to earn some substantial amount of money which I had been using to support my family, in fact bitcoin had opened up the opportunity for me to startup learning some programming skills with the hope of earning more money.
Good for you, the only issue with programming skills is that programming is very similar to learning a new language, you can learn the basics very rapidly but in order to really become good at it you will need to practice it everyday and it will take you years to be able to reach a good level.

It won't make sense at all driving yourself towards stressful job in order to gain good salary being taxed by government. If you would like to evaluate much of those workers havinng their boss authority, well you might be shocked on what comments they had. Particularly their answers weren't so good, but mostly criticized that it's better to have an own source of income without their boss; sadly their impression was their job is somewhat a hell on earth. Looking to the scenario, seems job with higher salaries took more effort and responsibilities but bitcoin has a good financial outcome with non stressful job here online.
One of the good things about being a programmer is that you do not need to have a boss, you can be your own boss and develop your own projects, at first it may seem difficult to become a freelancer but if you are good at it the clients are going to keep coming and are going to recommend you to other business, programming is a stressful job but if you like it then it is a great job to have.
2138  Economy / Economics / Re: How long could bitcoin last? on: August 07, 2017, 04:36:21 AM
Nobody can say when will a thing would end or last. Same with bitcoin. It is very unpredictable and very hard to conclude. After the fork bitcoin is really doing well. And many speculates that bitcoin would rise higher. Maybe time will come that the price would decline but its part of the line. So let's enjoy everything that bitcoin is giving right now.
Giving a precise date is impossible but with the new improvements on bitcoin I think it is safe to assume bitcoin is not going anywhere, this was one of the most dangerous times for bitcoin because there was a chance of a split but now we see that even when a hard fork happen, the fork does not mean anything if the community does not support it.
2139  Alternate cryptocurrencies / Bounties (Altcoins) / Re: Beyond the Void ★Signature Campaign★ - | Member - Legendary | OPEN on: August 07, 2017, 04:31:42 AM
Payments have been sent out with bonuses. I will be back in 2 days and I will start the new signature campaign then, feel free to continue posting!
I confirm I received payment, thanks monbux.
2140  Alternate cryptocurrencies / Altcoin Discussion / Re: best altcoin to collect? on: August 03, 2017, 09:36:35 PM
I personally recommend that you start investing in ICOs, you will never know what will happen in the next few years. Though it's risky, you better do own research about the coin you are willing to invest in before you can actually invest. This will happen know the project better, and to eliminate all the doubts you may have. What I usually do is to invest in ICOs since I know that I am buying at a very low price and possibly sell at a higher price. The most promising ICO for me now its DIMCOIN, invested a lot in this ICO.

So basically you are saying that ICO is the best investment but i disagree with you opinion and the reason is that you never know that ico in which you are going to invest will be a successful venture. And also their are some ico which are scam so identification of best potential ico is very difficult at this particular time. And yes if you invest in the right ico the margin of profit increase.
Investing in an ICO is a risky proposition but people do it because of the great profit margins that investment can give to you but if you do not feel comfortable taking such a risk then you can select some of the top altcoins, all of them are solid projects that will give you profits in the long term.
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