Bitcoin Forum
May 25, 2024, 04:37:21 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 [112] 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 »
2221  Economy / Economics / Re: Could a country survive and maintain economic stability if it phased out cash? on: July 19, 2017, 04:08:12 PM
If a country entirely phased out cash and replaced it with digital currency would it become destabilized?

It is not form of currency but peg value which matters while counting stabilization or destabilization.
Peg value refers to value of reference coin or asset on which value of coin depends. So when country decides to opt for digital currency instead of hard cash, what really counts is whether that digital currency is pegged to fiat money of country or being left to free play of market.
If pegged to fiat money, it will be just hard cash on internet. For example, E-Dollar or USDT.
But if being left to freeplay of market, its value will appreciated or depreciated every second owing to market and create dynamic unstabilised economy.
2222  Economy / Trading Discussion / Re: 1 Million satoshis per day on: July 19, 2017, 03:32:57 PM
Is it possible to make 1 million satoshis per day with 1 bitcoin?

 Roll Eyes Roll Eyes
In other words you wanna know how to double Bitcoin in 100 days, isn't it. Well from investment point of view, there isn't any genuine opportunity.
But yes altcoin trading do has potential to double your Bitcoin in 100 days. But again aggressively depends upon how you harness opportunity and make investment in coins. So if you are newbie I never recommend entering into altcoins and loose amount eventually. In order to bare risk in right way, you need to start gradually with lower amount and then raise amount.
2223  Economy / Trading Discussion / Re: Buy now... or on July 31st? on: July 18, 2017, 05:22:35 PM
Most people are just focusing on August 1 when it is actually July 21 the date when Segwit2x is going to be released and as agreed during the New York gathering those people should be running it. Buy bitcoin now or simultaneously.

Smart one! I must say August 1 is going to be Dec 21, 2012 for Bitcoin. If Segwit2x is able to attract considerable support, believe me no one will give a shit about UASF. And I am ready to laugh at these fools so called traders who making weird assumptions plus strategy before and for Aug 1.
Time is to wake up and stress on development of Bitcoin, not just its price speculation and claiming it to be the success of Bitcoin.
2224  Economy / Services / Re: [Open] PicoStash.com Signature Campaign | 2 Hero Member spots left on: July 18, 2017, 05:10:55 PM
I am nose diving here but it is okay, when is the payment day for this campaign, i read through the first page but only found the pay out rates without the pay out date.

The manager should also try to update the spread sheet because there are some empty slots.

Payments will be made on Sundays. I'll update the sheet in a bit.

But in sheet pay-day is mark as 24th July. So the campaign period is Monday-Sunday or Sunday-Saturday?
2225  Bitcoin / Bitcoin Discussion / Re: if people started educating themselves instead of hanging around here... on: July 18, 2017, 04:28:20 PM
i am not trying to turn this into another one of many speculation topics, i just want to point out that if people started educating themselves about bitcoin itself and the market and how price moves instead of hanging around bitcointalk and reddit and waiting for random newbie accounts to tell them "panic this is the end" they would have been a lot more successful in their lives...

what do you think?

You are "Hero" not everyone  Grin
Well jokes apart, forums are meant for people to clear doubts regarding any topic in most socialize and personal way. You have charts, data, google etc but what forum offers is personal opinions of different users thus helping you to draw combine conclusions.
No doubt, BitcoinTalk is mostly spammed on topics from sig spammers and random newbies but still you can't find most productive info regarding Bitcoin anywhere else than here.
2226  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin and Ethereum co-exist? on: July 18, 2017, 03:56:10 PM
eah already are doing isn’t? I think they can very much co-exist and not just these too. I completely believe that down the line in next 3-4 years, I will be 10-15 Crypto Currencies that will be fighting for the top spot, so they all will co-exist and there is no reason why they can’t. The market is so big that it’s easy.

And what you mean when you say co-exist? Both are cryptocurrencies mostly have different visions and utility. Ethereum is currently more famous as token issuing currency while Bitcoin is more famous as real utility currency. Thus both are famous as they catering the needs of users atm but whenever anyone of them seems barren, other one will surely take over completely, till then keep investing and hodling both  Cheesy
2227  Economy / Economics / Re: About world crisis and criptocurrency on: July 18, 2017, 03:12:58 PM
Hello
what will happened with crypto* currency if it was world crisis?
wha do yu think?

I would like to have my take on this, counters are welcome!
Ok so crisis can be in two ways either wealth of public decrease drastically or purchasing power of public decrease drastically.
In case one, government can easily handle situation by deficit financing which on whole improve the situation of country in form of increased wages, salaries, etc so crypto currencies have no role to play. This measure works in case of 'deflation' or reduced wealth.
Now coming to case two which is inflationary situation. Inflation is more dangerous than deflation like we can see in Zimbabwe. So here value of currency depreciated to that low that purchasing power (real income) of public falls. In this case, cryptocurrencies can work as saviour. In Zimbabwe, government follow the concept of using USD instead. But rather than using fiat exchange, if country use cryptocurrencies to tackle crisis then problem maybe solve better. This is because-
1. Most of the cryptocurrencies tend to show rise in price over time period. Thus purchasing power of public would automatically increase just by holding currency.
2. Cryptocurrencies' prices are determined by global market hence internal position of country won't affect price rather internal demand for coin increase its price.

Thus cryptocurrencies can be seen as viable tool to combat inflationary crisis in country.
2228  Economy / Web Wallets / Re: Is blockchain.info wallet safe? on: July 17, 2017, 03:13:31 PM
I didn't have any problems with blockchain.info wallet whatsoever and I'm using it for the last 4 years. The only issue I've had is the confirmation email not getting to me and that's been resolved in an our or so. So if you ask me, it's good and it's only safe as you are making it safe.  

Everything is safe if you keep it safe. No doubt web wallets are dangerous but blockchain.info does provide option to create seed for wallet hence reduce risk of losing Bitcoins. But still it is better to go for wallets like Electrum if you can easily access it on both desktop and mobile.
2229  Economy / Trading Discussion / Re: Minimum $$$ amount for trading? on: July 17, 2017, 01:31:12 PM
How much money in $$$ should a new trader invest and which type of trading is good? Buy and store it until it reaches high peak then sell it or some other way? Guys please give your honest suggestions. Great suggestions and personal experiences are most welcomed and highly appreciated...

I have tried many offline and online tradings and with great pleasure can suggest you 'altcoin trading' is best among all. Main reason for this is capital gains in case of altcoin trading are way more than any other trading. While you try to calculate earnings in terms of percentage in other tradings, altcoins make you rich enough that you calculate earnings in terms of times. Cheesy
Undoubtedly minimum amount depends upon your status. Gain of $100 can be delight for one, while gain of $1k can be OK for other.
Now how to trade, many people will give you suggestion to follow some pump/dump group and make daily profits. I am strictly against this. In order to earn big, you need to mature your investment which could be only done through waiting. Suppose Ethereum rose from $12 to $400 in 8 months. Now if person bought it at $12 and sold for $20 next day, he is making profit too but nothing when compared to other one who hodling it for 8 months.
2230  Bitcoin / Bitcoin Discussion / Re: Journey to Hell, With Bitcoins on: July 17, 2017, 12:59:21 PM
I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
 Huh  

When you got the payment, you did get the chance to convert it to fiat and exit the Bitcoin phenomenon. But you decided to remain in market to earn more profits which in turn impose a condition on you and i.e. "Profits with risk bearing". What you seeing presently as price clashes is essence of risk bearing that you accepted when decided not to sell BTC.
Now you have one tool and that is HODL, this is very unique feature of Bitcoin unlike other investments which says that sooner or later you will surely earn profits on your investment, all you need to do is HODLING Bitcoins.
2231  Economy / Speculation / Re: Price of bitcoin before 1st August 2017 on: July 17, 2017, 12:22:44 PM
With the price decrease in bitcoins as on June and July, do you think the price of bitcoin will fall below $ 1000 before 1st August 2017?

Never fall for such disappointment that early. Prices of Bitcoin are nothing but prey to speculations and rumors. That's the reason why you can see $200-500 fluctuations everyday. So if we see the possibility of UASF activation then prices can drastically go very up or down even below $1000 but sooner or later will recover. But if present Bitcoin continues which I suppose will gonna happen, prices will rebuild to $3000 or more through market recovery as we seen in last 24 hours.
2232  Economy / Economics / Re: Why market cap is irrelevant on: July 16, 2017, 04:03:18 PM
Data from the last 24h:

Total market cap of bitcoin and some unnamed shitcoins in last 24 hours
72 billions > 64 billions
24 hours trade volume 3 billions(including trading between shitcoins)

Even assuming all the volume was from sold coins the market cap went down 3 times more.

So everybody concern with the fall in market cap and billions evaporated please take a break and breath.
There is no Armageddon happening, no whales running with billions, no Chinese mafioso withdrawing trillions from the market.


There are 1 million coins with 100$ price.
I sell 1000 coins and the market cap drops to 99$.
I pulled out 100 000$ but the market cap dropped by 1 million.

Marketcap is irrelevant.

And this should scare the shit out of people who invested in coins based on their rank on coinmarketcap.


Although its true enough but it would be wrong to say that people shouldn't worry about drop in market cap. There is hardly any person who track the total cap of coins on CoinMarketCap, he/she is only concern to price and units hold by him/her.
Also whenever there is significant fall in any coin, market cap shows real value of tokens at the moment no matter if fall was due to less units or more than estimated value of coin. So suppose I sold 1 BTC for $1800 which brings down BTC price to $1800 then it is true that present BTC value is 1800xtotal BTC until and unless someone raise the price by selling additional unit.
2233  Economy / Services / Re: [NEW] PicoStash.com Signature Campaign | Accepting Full Members and above on: July 16, 2017, 03:35:32 PM
Username: webtricks
Post Count: 812
BTC Address: 13mendmy84QcSjoXRqv1Y69EDkNWv1PUJP
2234  Economy / Economics / Re: When will more retailers accept Bitcoin on: July 15, 2017, 03:39:29 PM
Bitcoin Merchantability is severely affected by 'volatility' and one of the major reason why merchants avoid using it in business.
Conducting day-to-day business is already risky venture and adding Bitcoin essence to it doubles your risk. Your planned profits are greatly manipulated with little change in BTC price.
Increased fees scenarios and long confirmation time frame add to this misery. Overall it is fatigue for businessmen to use cryptocurrencies in business at the moment.
If BTC shows more stable nature and comes out of speculation mode, then possible that we could see more real use of it on shops and stores.
2235  Bitcoin / Bitcoin Discussion / Re: Why people are holding Bitcoin? on: July 14, 2017, 03:24:32 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

It depends upon how you treat trading. There are three kind of people in trading world. When the prices of Bitcoin drops,
1. Panic Patients - These kind of traders hurry for sell so that they don't make losses on their investment. As a result contribute to lower prices further and worse the situation.
2. Cool Headers - These kind of traders keep hodling Bitcoin no matter it goes up or down in short span. They are big hunters and wait till they earn huge profits.
3. Opportunists - These kind of traders can be either situation benefitters or ones with immense believe in bitcoin. These are the people whom 'panic patients' sell their Bitcoin and leave the market when prices drop.

Now you can easily understand why some don't leave market no matters price drop or rise.
2236  Economy / Services / Re: †Twitter Re-Auditing Service for 0.001 BTC† on: July 13, 2017, 07:10:41 AM
May I ask what is this re auditing?

It is a service offered by TwitterAudit.com to determine whether your followers are real or fake.
But being free user you could use this service only once. To re-audit account you need to be Premium member. So people offering their premium accounts to re-audit your Twitter account.
2237  Bitcoin / Bitcoin Discussion / Re: How are you sure that Bitcoin will be operated in the bank in the future? on: July 12, 2017, 04:34:04 PM
What is the essence of banking system since 2009 in the advent of cryptocurrency? It is well known that the globally has new invention which has manifested in our economic systems. Cryptocurrency has became indispensable in this world of humanity, which can be advisable for banks to adhere to this idea so that it could later become visible escrow members.

If we see the present progress, many banks around the world have adopted the blockchain technology for data remittance but none has used it for issuing tokens or transacting Bitcoins.
In future, we could see banks offering investment in Bitcoins. They could create Bitcoin reserves and offer people returns. But again limited supply makes the utopia too good to be true. However, there are no chances that banks gonna use Bitcoins in their operations.
2238  Economy / Economics / Re: Can bitcoin be a more secured way of handling cash? on: July 12, 2017, 04:21:54 PM
There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Actually you didn't get the news correct. Every BTC address has two part namely private and public.
Public key is actually the address on its own and this is a place where funds are hold. Private keys are like key to lock. It is a key to access funds from your public key. So if you got private key of any account, you can easily steal Bitcoin. So it is always advisable to keep private keys at safer place. If you placed it safely then believe me Bitcoins are safest place to keep money.
2239  Economy / Games and rounds / Re: BetKing.io Twitter meme contest [Win BKB] on: July 10, 2017, 09:30:46 AM
https://mobile.twitter.com/Bitcoin_Bullet/status/884343572853432320

2240  Economy / Services / Re: The Legends Room: Facebook and Twitter Campaign EARN UP TO 0.001 PER DAY on: July 09, 2017, 06:20:30 PM
July 9
https://twitter.com/Bitcoin_Bullet/status/884111434031939584
Pages: « 1 ... 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 [112] 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!