Ok, so how much BTC I need to store from now to be millionaire  in 3-5 years when Bitcoin grows mainstream ? 10 ? 50 ? 100 ? 1000 ? Share Your thoughts. you will need at least hundred thousands of bitcoin to become a millionaire in 3-5 years. because i don't think that bitcoin price is going to the moon, despite some people wish. it is going to grow but will not go to $10,000 for example. take a price that you think is possible to reach in the future and then do the calculations. i say that price is going to be from $800 to $1500. |
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your question is not clear. you ask the person to send you 0.1 BTC and they send you the exact amount, they pay the fee from their pocket and you will receive 0.1 BTC which part of this process is your concern? did you mean to ask 0.1 $ ? because that would be different because of the volatile price  |
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I still don't think investing in altcoin is a good idea. You need to find a pump&dump group or you have to really lucky to catch a coin before pump. Otherwise it's very hard to get better than %10 earnings.
nobody has ever been happy by joining pump and dump groups. these groups are not created to help you and me. they are here to make money by dumping on their participants. also second part of your comment is not a good idea either. if you are investing in altcoin market and hoping to "get lucky" then your are wasting your time and money. you can get more lucky in gambling dice. |
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The current coin prices are very low compared to the prices in a longer timescale.
which coins are you talking about? coin prices being lower than before might be because they were just pump and dumped so the price had crashed. Which one would you invest in and why?
i have my on on two of the altcoins: litecoin and Ethereum for the time being. |
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As a bitcoiner, using BTC online is very common. Have you ever used Bitcoin as Real money to buy Real/physical goods? plz share your experience.  unfortunately i have never used bitcoin instead of fiat to buy physical goods , simply because there is no place that accepts bitcoin nor anybody who is interested in knowing about it in my country. back when anybody could mine bitcoin at home with their pc , there was a lot of talking about bitcoin in my country but as difficulty grew the bitcoin popularity shrank It was my mum's birthday yesterday. And I wanted to buy a birthday cake for her, but when I reached the bread shop, I realized I forgot carrying my wallet and I had only a few bucks in my pocket. I tried to talk to the boss of the shop if I can pay by bitcoin, to my surprise, she said YES and finally I paid the cake by bitcoin.  This is my first time to use BTC as real money buying a real physical goods. if i go into a cake shop (?) and talk about bitcoin they are going to hit me with baseball bat  |
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where is this deep web or if you meant dark web?
i have heard about silkroad that was a thing before i even knew about bitcoin which is closed now and they arrested a lot of them.
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In my opinion you are overreacting a little bit.
first of all, all the things that you are assuming is going to happen only "if the bitcoin will be worth a lot of money one day (a lot is somewhere around 10K USD per BTC)" which if you ask me, is not going to happen.
second of all, you are saying "People could physically threaten you or your family, attack your house, or perhaps hack you."
the threat is the same amount if you are rich (have a lot of fiat $$$) now. i don't see why there can be any difference between being rich with fiat or being rich by having bitcoin!
i feel like your whole process of securing your bitcoins is a bit extreme with a lot of unnecessary steps, it can be easier but if it makes you feel safe never do even one step less.
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the easiest way and i think most common way is to make a paper wallet and then laminate the printed paper, it would increase its lifetime 10 times more. but seeing this thread reminded me to check up on one of my bookmarks which i though looks cool called Cryptosteel: https://bitcointalk.org/index.php?topic=977486.0it looks like the project is not ready yet though |
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By the way, today is September 10th, at what time and which time zone is stress test starting exactly?
They were cancelled. See elsewhere in this thread. as bahamapascal quoted those scumbags are using the same strategy they used last time. they are spreading the private keys of the addresses which they want to use on their spam attack so the number of transactions go even higher by using other people's greed for making a 0.001 BTCi remember last time i saw the same thing on reddit on a post disguised as "i can't send bitcoin from my wallet, please help me" and then he started leaking 100 private keys. |
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most of the time, i ignore all the ups and downs of bitcoin price. i keep an amount in my cold wallet and don't touch it at least until next year to see how the price is going to be by then.
+1 I also keep something invested in altcoins (Doge, Ethereum etc.) but I don't trade it daily or weekly. I keep them in my wallet and maybe I'll sell them when there worth much more then now. i agree. if anybody wants to earn some more bitcoin from what they already have it is a good idea to invest an amount that they are comfortable with in altcoin market which contains very good profit opportunities. i do the same thing but i try not to invest for long term and mostly trade altcoins rather than buying and holding them. |
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If you can afford it, get two pc. I have with myself one with a lower spec which is connected to the internet all the time and i even use it for installing untrusted new software. The other one is basically most of the time offline and no other software installed in it except browsers, together with my hot wallet
you don't need to spend that much in order to have a secure environment that you can safely install and use a bitcoin wallet. all you need is a USB disk which is super cheep , and linux that you can download free (like Ubuntu). 1) make persistent live linux on the USB disk 2) change a couple of settings so that it would never connect to network. 3) install your favorite bitcoin wallet **) don't forget to check the signature of both linux and bitcoin wallet |
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Litecoin has been steadily going down; it does not bring anything new to the table compared to Bitcoin. There are many other alt coins which are more innovative; they should do better than Litecoin in the long run... newbie shills repeating this ad nauseam doesn't make it true  then you prove us newbies wrong! does litecoin bring anything new that is actually useful when it comes to using it as a currency? NO is litecoin price growing? NO is it a good idea to invest in litecoin? probably not |
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You can join those signature campaign to have some bitcoins.
it's not fast anymore, you need two months right now for 1 btc, well at least it is not fast as it was in the good old day 1 btc in two months with a senior at least, anything less is worthless You can join magicaldice signature campaign and earn up to 0.15 BTC per week. You will complete 1 btc in 2 months. better than bit-x, i could be interested Signatures have slowed down. Just so many hat do it pay is less. I can understand it. Even if sig paid slightly better then Bit-x I don't think I could leave it. They just have treated me very well during it. It is interesting if some go up in pay. the only signature campaign that was good in every aspect , was DaDice signature campaign. it had the highest payment rates and also very nice bonuses. on top of all that it was leading users to better quality posts which made the whole forum a better place. but sadly it stopped continuing  |
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i know these bots that might help you: Quatloo https://bitcointalk.org/index.php?topic=711966.0C.A.T. https://bitcointalk.org/index.php?topic=507103.0cryptrader (online platform) https://cryptrader.com/It is a pain. I could get a lot more done every day if I didn't do it. I check my Poloniex trade executions. Are any of the bots available like a cloud service?
If you would like me to pm you I know of a couple you could take a look at. I won't send unwanted though, I just found some the other day and am happy with it so far so happy sending them to you for ya to take a look at. can you please share them with me too. |
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which altcoin is better.bitcoin,litecoin or dogecoin?
altcoin is a term given to any cryptocurrency other than bitcoin, it stands for alternative coin (alternative cryptocurrency) which is alternative to bitcoin. which is better? bitcoin without a doubt. because it is the biggest crypto and has the largest number of usages and investors. the other two that you named are dead (dying) coins in my opinion and offer no special feature. litecoin is a copy of bitcoin, and dogecoin is still alive because of its community and because it is a fun coin. |
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To you guys who are saying that core is very heavy with storage space, I believe the new version 0.11 now supports pruning mode, so the storage space shouldn't be as much of an issue as it used to be.
are you sure about this? i didn't know about this feature prior to your post, so i searched and read this https://bitcoin.org/en/release/v0.11.0#block-file-pruning reading this part Block pruning is currently incompatible with running a wallet due to the fact that block data is used for rescanning the wallet and importing keys or addresses (which require a rescan.)
However, running the wallet with block pruning will be supported in the near future, subject to those limitations.
i wonder , does this mean that it can not be used by people who want to use core as a wallet? |
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So I didn't know where else to post this topic, mods if this isn't the right place to talk about this PM me and I'll gladly move the discussion from this section of the forum.
gambling section might be a better place to move your topic. So when I was trying to get some sleep last night, a light bulb went off in my head about a possible new type of btc gambling game that a large majority of sports lovers would enjoy. I've already visited multiple btc gambling websites, and I have yet seen this type of game being promoted. Because of the fact I don't want anyone taking my idea, I won't go into much detail. Just know that I would need to run a provably fair scrypt, and I don't know the slightest thing about coding, so I'm out of luck there.
the fact that your haven't seen your idea in any place might be because it is not profitable. and since you are not sharing any sort of detail about it, makes it impossible to give any opinion on the matter let alone attract any investors. Question is this though, what can I do to either start my own website with other investors who would like to participate in this experiment? Or should I pitch this game to an already established btc gambling website and invest my btc in their website. It's really hard to ask the right questions, because I would have no idea where to begin on this new found project of mine.
Any suggestions are welcome in this thread or you can PM me if you'd like as well. Thanks.
as i said nobody can give any opinion on our idea unless they know a little about it first. but if you think it is worth the effort , and you predict profit, then you can hire some coders and designers to make your website and implement your idea. as for start, you should have a starting investment on your own, then if the site gets players then you can invite investors and give them some share of the profit. |
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If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.
Thats bad because Litecoin can take over anytime, its almost a clone of bitcoin, so it would be easy to take over. Plus by then we would have more experience with cryptocurrencies, so obviously any error that bitcoin had, would be corrected in the others. Besides dont forget: NXT, NMC, PRC, GEMZ, BYTE,etc. those other altcoins will be worth something without BTC aswell. Not to mention ETHER, and RIPPLE. i am 100% sure that if someday bitcoin dies at least litecoin would not take its place, as you yourself said litecoin is just a copy with no useful feature. so i don't see any chance for it. but other coins might have a better chance BUT i personally would not consider any substitute for crypto since if something huge like bitcoin dies other altcoins which are just small projects in comparison with bitcoin, would die too. |
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Hi,
I wonder If somthing bad happend to bitcoin what cryptocurrency will you use ? is there any good cryptocurrencies out there ? and you are planning to use ? or are you waiting for a new crypto ?
Thank u.
it depends on your definition of something bad that can happen? if you mean the rises and falls of price, then it is nothing bad at all. so i don't see any reason why i should change. but if bitcoin were to be useless and without any value or in other words if it dies i would never consider any other cryptocurrency . i would cut my losses and leave crypto world behind me. |
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If it was wanted they could make a list, no? We have our real life labeled on exchanges. All the time we withdraw or deposit it gets on the list. Soon they could know most of the wallets connected by us and follow every bit we send?
if you don't want your identity be revealed and associated with your bitcoins using Mixers is one of the options, that is proven to work. if you don't want that, you can buy bitcoin from someone close to you with cash so that there would not exist any record of you buying those coins and send them to a fresh bitcoin address that you have just created with no connection to other addresses. |
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