Really don't understand all the negatives flying around about BTC lately - we are on the cusp of mass adoption and that will change the space forever in a positive way.
- Bitcoin futures and soon Ether futures
- Bitcoin legislation to make <$600 transactions non-taxable in the US
- Increasing adoption globally even after China ban
You could add so many more positives to the above, so bitcoin won't be dying anytime soon !
In the spread of news, as much as good news abound so also are bad news but the issue here is that which one is superseding the good or the bad one. In addition to the news you have there, we have some others which include the consideration of bitcoin by Amazon, we also have countries coming to adopt the blockchain technology. EY is increasing the amount they spend on blockchain expansion and the likes. In spite all this, the bad news is still making waves which includes, China coming against bitcoin mining, US citizens disallowed in participating in ICOs because of concerns of government, some bitcoin services are ending their activities from that end, Visa and MasterCard are withdrawing their services from non-EU countries etc. Looking at all these, there will always be good and bad news, we can only hope that the good are much more stronger than the bad counterpart. |
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What they had was a strong guy in charge who could make absolutely sure the development of the company's idea followed the vision. They are highly successful becasue of it.
Bitcoin does not have it.
There is a large group of different people all with different ideas on how to carry out the vision, and no-one to ensure a consistent focus. Running a large-scale operation does not work using consensus. Instead it always leads to disagreement and a failure of the project. So it will be with Bitcoin where the recent civil wars with alt coins is only the beginning.
Based on what you have expounded, its true that there are advantages of having on authority driving the direction of innovations and pushing the dream to an achievable length just like the examples of people you mentioned. But what you need to understand is, what is the motive and objectives of those two categories you are making comparison about. I have read about a guy who was sacked from his job in Apple because he used the new launched Iphone X for recording with his daughter before the release to the public but for bitcoin, the code was even release to the public from the beginning. I just imagine what will happen if bitcoin success is attached to one person, how powerful that individual will be, even Roger Ver that was lucky to be an early investor still gets credit for the direction of price how much more if someone is running things. I still feel the decentralization of the entire blockchain is all for the better and the dream can still be achieved by everyone collectively. |
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What really happen is that, a lot of people saw the signature campaign, clicked on it then register after that, they saw that some several bonuses from other sites and decided to try that out rather than yours. But there is no need to worry as you are not the only one facing such scenario it shows that someone is really interested in what you are advertising and maybe someday, someone will give it a try by putting in real money where you can equally benefit from as well. You just need to refer some rich guys... Poor guys gambling with pennies won't generate any decent comission for you. I don't know a good strategy to refer good gamblers to casino, but it could work if you are able to make fiat gamblers move to Crypto casinos using your referral link.
The question is, how to do this?
These are traditional gamblers, they have money and like to spend it usually, a good combination that can surely generate a lot of comission for you.
As was said, the ratio is worthless here, it's random. 1 good gambler can show more results than 100-200 inactive/poor gamblers (or even more).
How do you know you are referring a rich guy or which guy is rich when all they click is his own signature link and they don't even inform him when they do. The only thing is just for him to keep on doing what he knows and someday, he will hit the jackpot and one guy will just bet big. I'm not lucky with referrals either. previously when i was allowed to use ref link, i got only 30 or something referrals. out of 30 only 5 were active(they weren't big gamblers), i made about 50 mBTC which btw is stuck lol(need 100 mBTC to cash out). it probably be stuck forever, unless my referrals get active.  The above applies to you too. |
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Hi guys, someone has just messaged me on facebook asking if i wanted to learn more about bitcoin... I don't know much but this seems a bit dodgy to me, so I've come to this forum for your guys thoughts? Here are the messages she sent me
HER:
We are giving people the opportunity to come and be educated about bitcoin for 30 mins in our office and chesterfield and in return we will give you a free lunch at wether spoons for 2 people x
Is it something you'd be interested in?
ME:
Sounds good so far, may I ask why you are giving people this opportunity?x
HER:
To educate people and make them know what bitcoin is about. We mine bitcoin so you can make money easy. I have a wallet for my little boy it's easy money xx
Crypto currency is the way forward. And bitcoin will be worth 10,000 a coin soon. So rather than buying bitcoin s you can mine them xx
ME:
I'm kind of familiar with mining, although I've heard I'd spend more money on electric keeping a miner running than I would make bitcoin?x
HER:
That's why we do the mining here for You, mining at home doesn't make financial sense. But the only profitable way to mine is In a farm and that's what we do. We mine whatever is profitable at the time. If you give me a few details I'll book you for a appointment and you'll get a free lunch for 2 and all this info x
I don't know if I'm just being paranoid, or is this an actual opportunity ? Would be great to hear from you guys, thanks a lot
Based on my opinion on what is going on there, I don't see it as a scam yet because I have attended a bitcoin introduction gathering before and it was all about meeting people and all fun which I enjoyed there was a lot of food and drinks at the venue as well. Although, everything discussed is something I already know but getting to know about other people into bitcoin is something I see as an opportunity. At the point where you need to start getting worried is where the issue of security is of concern or if the cost of getting to the venue is too much on your part and finally if they start telling you to invest in something you have not seen and promising excessive returns. In short the summary of the matter is that the moment they are promising what is likely not to be true, then its surely a scam. |
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Actually I have a doubt that me and my wife using the same internet connection in my home.
I think IP address will be the same. I want to know any technical issue in the signature campaign will raise if yes please advise for the solution.
Using the same IP wont be a problem for any of you but it will affect the two of you the moment one of the following should happen 1. If one of you should commit some offence and the person get banned on the forum and the IP is banned, then it means one of you has caused the other the right to enter the forum. 2. If by mistake, either of you use the other wallet address to apply for a campaign and in this case the same campaign whether by omission or commission, your account gets tagged with red, there is no way to proof you are husband and wife and nobody would be ready to listen to that because that is something that is seriously frown at over here. |
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We might not have the evidence to support this, but every actions seems to support that fact and I feel that there is no way they wont be supplying information to the IRS in other to stay in business. That is more the reason why a lot of service providers are excluding people from that part of the world because if it had been a free market without any government activities sinking down their throat, there is nothing stopping them from expanding market to a population of about 300 million citizens.
Coinbase in the past released a statement to counter the release of information, but I doubt if behind the scene, they are not doing otherwise all that will be needed will only be a warrant from a judge that is known to support the cause of the IRS or other regulatory authority. Hopefully, peer to peer platforms can be allowed to operate, that is when we can see a situation where the leaking of information will be reduced to a large extent.
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There is no way there wont be some level of secrecy in government publications no matter how transparent they want to make themselves or independent the body publishing the report so far they are affiliated with the government. If they are reporting a bad scenario just know that the report has been painted to be less bad and if they are reporting a good report, have it at the back of your mind that something have been added to make it better than the original and real position. This is not only happening in the United States but all other countries of the world that believes in Information Management and put themselves in a position of deciding what the public needs to know as against what they ought to know. Believing that the truth will do more damage if allowed to the public domain. |
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Ever since the break of this thread, I have been waiting to see him to be correct of the $7500 which was set as the peak in the Op but unfortunately, its either price refuses to give up or the 'whales' decides to keep pumping irrespective of what Op has predicted. When it comes to wishful thinking, even though that is not backed by objective evidence, there is always a push in that direction based on what people feels.
When companies are launching their Initial Public Offering, they engage on series of advertisements, road shows, gatherings, cocktails in other to get people who matter in the society or the business world to give a say in their stock price. With all these going, despite its a mere expression of opinion, there is always a feel on how people and market will react to such stock. The same thing applies to bitcoin when the price will fall, the panic is always abound and the price will continue to fall but the moment the market attitude changes, thing begins to look better and that is what is happening to bitcoin and not mere wishful thinking.
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Uruguay’s Central Bank (BCU) formally presented rollout of its pioneering digitization of the Uruguayan peso on 3 November 2017. Set now as a pilot program, the bank’s head was careful to remind it “is not a cryptocurrency such as bitcoins,” but “a currency that remains the responsibility of the BCU,” https://news.bitcoin.com/uruguay-first-in-the-world-to-launch-digital-currency-not-bitcoin-it-stresses/While this is not a project for decentralized currency, I think is great that a Central Bank has jumped into digital currencies. One thing I believe it will happen is that i.e: merchants will need to adapt their POS systems to digital currency and probably allowing the co-existence of Cryptocurrencies and people getting used to it, I see this as a positive move,though. printing bills is expensive for Uruguay as it´s printed in Casa de la Moneda in Chile.. Uruguay has set the pace for many things throughout history in Southamerica (Women´s voting in the early 1900´s, universal health care, cannabis legalization, abortion legalization among other things). Very proud of my country  Whatever they call it, they got their inspiration from bitcoin and no matter how they want to still make it seems like its their own innovation, the mention of bitcoin in their statement will give bitcoin its due credit because someone who is reading the statement that have not heard about bitcoin will be curios as to why reference is being made to such in a statement that is purely national and with that, one new soul is seeing the light which I doubt he/she will go back to the one they are backing after seeing the goodies and freedom that bitcoin offers to everyone that come across with it and ready to learn new things in the world. My contribution... |
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So I've been watching the coins most interested in throughout the day (BTC, ETH, LTC, GRS, FTC, BCN, VTC, MUSIC) and everything seemed stellar. At one point, FTC was up 50% from yesterday.
Up until 20:40 when there was a 3 hour long sharp correction across the board in the coins above. BTC dropped roughly $400 USD, ETH $20, LTC $4, etc. etc. What would cause this besides whales taking profits across multiple coins? Alt coin holders being reactionary to BTC? Trying to understand this market...
I believe it was all Roger Ver, due to the fact as BTC was correcting, BCH, was rising. As soon as it (BTC) started a downward trend I immediately pulled up the price, and sure enough BCH was on the rise, now it has reversed again. Coincidence, I don’t think so. This your comment of blaming Roger Ver for everything makes me to go read about the guy even though I had known that he himself is a whale in the crypto industry but saying he is the only person to have been the determining factor of all the crypto currencies identified by Op is something I am yet to phantom. Its true that his allegiance is for BCH but that's not the only thing he supports, he also supported SegWit2x which later failed. I don't know about his allegiance to BTG but I woke this morning and realize that it has increase exponentially, should be also say Roger is involved? Crypto market is subject to volatility and crediting it to an individual or group of individuals will continue to make them feel dominant and in control. |
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i have recently done 2 bitcoin transactions and i had to pay in total 52 usd in transaction costs,
how can bitcoin be used if it is more and more undividable, because smaller transactions arent worth it anymore?
introducing new forks and splits like bitcoin cash bitcoin gold decreases the trust and people start consider it a manipulated centralised pyramid system.
if someone buys himself a hamburger with bitcoin, he has to pay more than 14 other hamburgers for miners...
regards
When issues like this happen concerning the exorbitant fees that is being paid on carrying out transactions make it seems that the good old days where transactions are carried out with the payment of cents and it will confirm within short time. Its also saying that the whole fork process is actually not solving any issue concerning the transaction fees which we were made to believe before but its just another way some people deem it fit to create a coin and pish to the market without having to do through the lots of process of getting it to maturity. I hope the developers are really on top of the situation to bring succour to the massive disappointments this is bringing. |
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We already know China's government has been ban initial offerings and bitcoin exchanges in since beginning of September this year. At that time, all bitcoins exchanges in China have problems to continue this business. Some China's Bitcoins holder also divert all its assets to store in abroad exchanges. Source from https://cointelegraph.com/news/breaking-china-may-cut-off-cheap-power-to-bitcoin-minersThe statement regarding the cessation of cheap mining electricity indicates that the Sichuan Electric Power Company has issued a circular indicating that it will no longer provide the necessary power from its grid-connected hydropower stations. The circular suggests that Bitcoin mining is ‘illegal operation.’ The circular has yet to be confirmed. If this true will be applied then China's is serious to fight this Bitcoins business. This is one of the reasons why I always maintained a contrary opinion when some people always hold the view that since bitcoin price surge after it crashed because of the two actions of the Chinese government that we can now do without China and that bitcoin has surpassed China but from what we can see here, China is not through with bitcoin. Whether its speculation or not, its one of the last major card that Chinese government will have to play if all other options to stop bitcoin continues to fail and the moment this is played because of the high importance that mining plays in ensuring that bitcoin runs successfully, its going to deal a great blow on bitcoin but the moment this can be surmounted, we are fully sure of victory from the Chinese. |
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I want to invest some money. Is that right time for invest? where i need to invest this time?
Altcoin
BTC
I will suggests you look at both options so that you spread your risk and rewards in which if done the right way, the combination of the returns from both will be more than focusing it on only one option. In the case of alt, the one that can give the maximum returns is the reputable ICOs that have been 90% adjudged to be the best one and which you have done your analysis to turn out to be a success. Other successful ALT can also be looked at maybe the top 5 Alts but the profit margin might not be high but you are sure to make something out of it. My last option would be BTC because no matter the increase that bitcoin has gotten, the percentage increase can still not be compared to some Alt coin but the issue is that BTC offers some stability compared to others but since the motive is profit, you can consider alt as a priority and btc as a base to give solid platform for your investments. |
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Hello
How long does it take Bitstamp exchange to move newly arrived bitcoins (from its customers) to cold storage...? Does anybody has any idea?
Im askign because i want my coins to be secured and coins in cold storage on any exchange IS (ARE) more secured than the ones in HOT wallets (ready for immidiate withdrawl...).
And i know it takes some timeframe before the coins are added to cold storage on bitstamp (or any exchange). The one time (only one?) bistamp was hacked, the coins in the cold storage were safe... only the coins deposited "lately" (e.g. i assume coins in hot wallets on exchange) were at risk and partially stolen (AFAIK).
So does anybody have any idea how long does it take before Bitstamp moves newly arrived coins to its cold storage? 1 hour? 6 hours, 12 hours, 1 day...?
(thank you)
There is no way you are going to have access to that kind of information and if anybody tells you he knows, its fake as the only source of that would be a top level guy in that exchange site not even the moderators or staff because that to me is a top secret information that would not only be kept, but guided. The moment that has been exposed, it then mean an attack is imminent when you know when fund go in, you obviously know when it comes out. That won't happen. Why are you even bothered as to when they are moving it, what should be your concern is if its safe there? The moment they can guarantee that, I don't think there is need to bother yourself again. If you want your coin to be in hot wallet or cold storage, you had better keep it on your own where you control the key yourself and back it up. That would give you what you seek. wrong... there was a hack in bitstamp and as far as i remember only the "hot" (thay called it "operational") wallet was/were compromised... the cold were safe. Why am i asking? Because i want to know during which timeframe should i worry the most and "keep an eye on it" and after which time i can be more assured (since when its in cold wallets i believe its much harder for hacker to obtain those)... For example can i relax 1 hour after sending my coins to an exchange (after they are credited) or after a day? It seems like a reasonable question, and someone that watched the hack of bitstamp back in the day more closely would know. I understand the need for you to get answers to this but what I am saying is that even though its a reasonable question to ask, I dont see any reasonable answer being provided to it. Its just like asking the bank branch since you are depositing in your savings account, what time do they move money to their vault? You will agree with me that answer to that question will not be gotten no matter how you paint and justify the reason why you want to know. Like I said earlier, questions like this are kept top secret as the moving of funds into the cold storage could be done either once in a day, or several times in a day but the exact time is not something I see them sharing to the public. |
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Although, people have always exploit the law of the land as an easy way of being held accountable for their recklessness either by omission or intention, what I see here is something sensible that the court have ensured because any judgement will not ask the defendant to pay what its obvious he cannot afford. Even though its not the best every one is expecting, its still something that would make it go round if valued at $400 compared to if valued at $7000.
The concern I have against the judgement is that, the man who has been found to be held responsible should not be made to profit from such exercise no matter the justification that surrounds it.
One thing to take out of this whole process is that no matter how anonymous bitcoin is, you cannot hide for long and for those exchange sites with the motive of bolting one day with investors money, they had start having a rethink.
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I had my BTCs on GDAX and were stolen and the transaction was unauthorized by me which is obvious they were hacked.
I immediately called them in two hours as I relaized the BTCs were gone from the Wallet.
Would they help me with the refund.ITs worth 4.5 BTCs.
Any inputs on how to work on this?
Are the BTCs insured on the Wallets?
Unfortunately, there is no way you are getting it back and if anyone is promising you that, just be sure they are out to scam you of the one you have left. The only way you are getting it back is if the site decide to own up and be responsible for their inefficiencies and decides to compensate you for your loss, there is hardly anything you can do about it no matter how you try. But the confusing part which I am yet to phantom is why would you keep such an amount on another person's platform even in the real world, rich people don't keep majority of their funds in the bank rather they invest it in assets in their name which makes it more secure. And bitcoin has made this more cheaper and easier for you to do. Just by downloading a wallet where you have the private key and you are safe but people still fall for this despite the abundance of this warning every where. |
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It seems that there have been a lot of people complaining about Bitfinex. It seems that Bitfinex has been using Theters to pump Bitcoin price. Now a lot of people is shouting this might be the next MTGOX.
What is your opinion on this one?
Exchange sites by default should not be trusted no matter how much reputation they have garnered over the years and this big names have not stopped in ensuing that their trust is being ridiculed by those who have invested trust in them though. The issue around here is that until there are decentralised exchange sites, this issue will continue to be a reoccurring issue. For the pumping of bitcoin, I don't think the credit should be given to Bitfinex alone because even though they might be large, they don't define what happen in the entire crypto market. The market is very much larger than what they could control in my opinion. |
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Code repository GitHub saw over 26,000 blockchain-related projects created on its platform last year; yet only a small percentage remain active. According to data collected by Deloitte, it detailed in its new report ‘Evolution of Blockchain Technology: Insights from the GitHub Platform,’ that there were 26,885 blockchain-related projects in 2016 developed on GitHub. Surprisingly, despite the interest that the technology is garnering, only eight percent of projects are actively maintained. Deloitte found that projects have an average lifespan of 1.22 years.
Wow, I did not expect that so many projects are not active anymore after such a short time. Many of them have certainly also collected money from ICOs. That would be a huge money-shredding machine.
Its unfortunate that its happening that way and its highly due to many of the scam ICOs whose noise has been also high around here as well. A lot of people who started something there, started with the wrong motive and that is what will happen if such thing should happen. Its normal for business to fail even in the real world, a lot of startups are expected to fail within the year while more percentage are expected to fail with the next 5 years but for blockchain projects, a lot of trust would have been lost as well and this is something a lot of people are clamouring against so that only projects that can survive are given the chance in this crypto world. |
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Hello
How long does it take Bitstamp exchange to move newly arrived bitcoins (from its customers) to cold storage...? Does anybody has any idea?
Im askign because i want my coins to be secured and coins in cold storage on any exchange IS (ARE) more secured than the ones in HOT wallets (ready for immidiate withdrawl...).
And i know it takes some timeframe before the coins are added to cold storage on bitstamp (or any exchange). The one time (only one?) bistamp was hacked, the coins in the cold storage were safe... only the coins deposited "lately" (e.g. i assume coins in hot wallets on exchange) were at risk and partially stolen (AFAIK).
So does anybody have any idea how long does it take before Bitstamp moves newly arrived coins to its cold storage? 1 hour? 6 hours, 12 hours, 1 day...?
(thank you)
There is no way you are going to have access to that kind of information and if anybody tells you he knows, its fake as the only source of that would be a top level guy in that exchange site not even the moderators or staff because that to me is a top secret information that would not only be kept, but guided. The moment that has been exposed, it then mean an attack is imminent when you know when fund go in, you obviously know when it comes out. That won't happen. Why are you even bothered as to when they are moving it, what should be your concern is if its safe there? The moment they can guarantee that, I don't think there is need to bother yourself again. If you want your coin to be in hot wallet or cold storage, you had better keep it on your own where you control the key yourself and back it up. That would give you what you seek. |
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Did Bitcoin price rise that fast because of ICO's
and Forks?
The rise in the price of bitcoin is a combination of several factors that its even difficult to pick one factor as the one responsible for certain percentage of the increase. For ICOs increase can be credited to them, the workable ones though because most of time carry out lots of campaign both online and offline which touch the majority of those that are not within the bitcoin net, they evaluate and decide to give it a shot but they cannot do that with fiat so they had to come in through bitcoin for those that accepts. In the case of forks, this is mostly applicable to insiders, for someone who had one BTC before the BTG fork would have a bonus about $150+ now in addition to his BTC so this accounted for another increase in the price of bitcoin in my opinion. |
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