The more that wealthy individuals believe in bitcoin and put their money in the more stability it gives to price.
And the more coverage there is about them doing it the more it entices institutional money to enter.
And when that happens price will move quickly. Really quickly
Bringing in money into bitcoin does not necessary ,mean he wants to buy bitcoin if you ask me. It could be financing a project that have to do with blockchain therefore bitcoin. I agree with the part that it brings stability to the market because it then means that a lot of other investors can begin to trust bitcoin as something worthwhile to put money into. However, there would also be some concerns in some quarters because of the amount of money coming in from that end which means that he will then have a form of controlling power. Already, there have been some discussions whether conspiracy or not about how some money bags are controlling the market and determine the direction of price but now with him coming in with such amount of money, then calling the shots is not far fetched because every billionaire is a capitalist. |
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ANTIFRAGILE! Antifragility is a property of systems that increase in capability, resilience, or robustness as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. https://en.wikipedia.org/wiki/AntifragilityThat means you take a sock at it with a sledgehammer and the damn hammer breaks! This is just the perfect word for bitcoin. I have read about a guy who was skeptical about his decision having bought at $7400 but the price crashed afterwards couple with the gain that BCH got in the past few days, but the conclusion was just that, hold on, never be despair, and wait for situations to turn around. Times without number we have seen this scenerio repeat itself over and over again but what keeps surprising is that some people will keep failing to see the opportunity it offers. My quest for this, made me go back memory lane to download the historical price of bitcoin after looking at it, which made be come to a conclusion that the term Antifragility is just the best to describe this. |
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Singapore's de facto central bank has published new guidelines on initial coin offerings (ICOs), outlining how token sales would be viewed under its securities laws. According to a Nov. 14 statement from the Monetary Authority of Singapore (MAS), tokens sold through the blockchain funding model may be considered securities under certain circumstances, citing Singapore's Securities and Futures Act (SFA) as well as the Financial Advisers Act. The MAS said: "Offers or issues of digital tokens may be regulated by MAS if the digital tokens are capital markets products under the SFA. Capital markets products include any securities, futures contracts and contracts or arrangements for purposes of leveraged foreign exchange trading." Good for them, at least they are regulating rather than taking the cheap way out which is banning the issue of ICOs. I actually like the way Singapore is developing and taking a bold step regarding crypto currency is what I see as a step in the right direction. However, my concern is the guideline because even I as someone who is a little bit finance inclined do not understand what is being quoted talk less of a developer whose function and the only thing he knows is coding while the fund needed to pursue such approval will only have to be gotten through a form of pre-ico. The way out of this is to make the approval to be gotten a little more flexible because crypto fund raising is not the same as fiat fund raising within the country. The implementation is what matters now. |
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Reading through the first paragraph, I cannot but be amazed with the amount of ingenuity that has been put together to come up with something as ridiculous as this. Every day several avenue are released on the forum and all over the web with only one objective which is making people lose money by preying on the greedy nature of human beings to want to achieve maximum wealth, with little or no compensating work. If you want to establish a gambling site, its better you make an announcement thread for that purpose on the right section of the forum where it will be scrutinized and anybody coming in knows the risk of gambling and what he intends to win or lose. But this method which sounded to me as too cheap to make such money to achieve everything you listed above, points to a direction which is scam. |
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Hi everyone,
I've join the bitcoin world for 1 year and earn a little income from this wonderful place.
But, unfortunately, when I talk about this to my parents, they all said this is the illegal money and I have to quit it before getting trouble with the government. Truly, even the main TV news program in my country said that, national banking system will banned bitcoin from any payment and there will be an punishment for that.
In my opinion, Bitcoin and crypto. still have its advantages and could be helpful if we use it for the good purpose.
What do you think, how can I explain to my parents? some article would be great. Thank you all!
There is hardly anything you can do to convince your parents and not only you but equally for a lot of us who have parents and the reason is because while the generation that they were born, they are to accept whatever is being said or given as instruction as against our own which is about questioning the standard. What you do to avoid trouble is to keep them out of your dealings because I expect for anyone to be involved in bitcoin means that he/she is an adult and able to be responsible for his actions and held accountable for it as well. For the government, you I personally don't expect them to say something otherwise because anything that wants to challenge their continued dominance will not be tolerated and going to the point of announcing on TV shows how long they are willing to go. What should be something of paramount to you is how they are willing to effect the new policy. |
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As we already know that many people have said that for mining to be profitable,the electricity charges should be low.Just a small doubt about that.In January this year,the price of one bitcoin reached $1,000.Every one said the same answer that cheap electricity cost must be ensured to get profits from bitcoin mining.And now,after nine months,bitcoin price has reached almost $7,500 and still people continue to say that cheap electricity is needed for profits.Just a basic question,bitcoin price has almost increased 7 times than its previous price and i hope that electricity cost would have not increased and would continue to be the same.So,why not bitcoin mining would have turned now to be profitable with such a huge increase in bitcoin price?
Mining has always been profitable because there is no way people will continue to mine if there is not enough to at least cover the cost and the moment the cost can be covered even if its by $1 then its profitable but where the issue is in the area of greediness where someone who want to make a super normal profit as a result of his mining activities this alone would want a miner to move to another coin that would guarantee a higher return with the same amount of equipment commitment. The higher the bitcoin price does not mean the miners will start making extra profit, because that would also mean higher costs to be incurred because currently the price is relatively high, transactions fees are high, people are forced to looked for alternative means of carrying out their transactions and at the same time volume of transaction will reduce which means revenue will drop for them. |
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You have made a good submission which I subscribe to but there is no way to remove totally the human element out of the equation because a lot of those "noises" you talked about, is not about the Google spreadsheet or the manual counting rather its on human beings subjectivity which will not be removed even if the other processes are being automated to give more efficiency they will only reduce the effort and not eradicate it.
On the ineffectiveness of all these campaign you also made reference to, I see it as the fault of promoters or developers, a lot of them just decide to launch without eben studying the market and the right time to launch. Funny thing is that a lot of competing project are laughing at the same time which makes the attention of potential investors divided and these projects don't have the solid financial backing to outdo each other. But if there is good timing or something that regulates how project launch, then all these might be reduced to a large extent.
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This can only mean one thing. The Chinese government wants to use that electricity for something else. Why would China give up it's dominance over a global currency? My prediction is that they are working on a GovCoin and they need this electricity to mine that coin. Next thing you will see China released their own GovCoin and that they are using their cheap electricity to mine that. Mark my words... the Chinese government wants FULL control over everything and Bitcoin is not
giving them that control.  This bold part is something that is obvious that is their objective right from the beginning and what they want to ensure is that's if they cannot control bitcoin, then they want to make it less effective so they are trying every means to suffocate its continued dominance. Its so something disappointing to them with the amount of technological, financial, economical, and even political breakthroughs that they can boast of, they cannot not control bitcoin. The simple truth is if they decide to make sure that the cost of mining in China becomes too expensive, it then create an opportunity for other countries to step into such shoes which is what will eventually happen because bitcoin is definitely going into the future. |
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China Bans Bitcoin Mining? Rumors Fly as Notices Appear In PressChinese Bitcoin mining farms are reportedly receiving immediate cease and desist notices from authorities. Evidence surfacing on Twitter added to an article from local news outlet Caixing today, which stated electricity supplier in Szechuan province had said Bitcoin mining was now “illegal.” “Immediately stop supply power to bitcoin mining businesses upon receiving this notice,” a translated notice proclaiming the ban uploaded by 8btc and translated on Twitter states. http://bitcoinist.com/china-bans-bitcoin-mining-rumors/ If this news should have any element of truth in it confirmed by one of the already known bitcoin mining company, then there is serious trouble knocking but if it be true, the community would have caught the fever and price take a drastic impact by retrogressing rapidly. Mining is the whole purpose of bitcoin because without it, there is no bitcoin to start with then the ones already mined, will not be confirmed as at when due. This will mean the end is near for bitcoin because a lot of people will start to other alternatives. The effect, I see it much more than it happen when they ban on exchange filtered the air waves but this will make the previous impact a childish dream compared to what's coming. |
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Dear Crypto-Community:
Lately I have been receiving emails and calls regarding scams and other difficulties. Please read my comments below and make your own suggestions so that we may try to help keep people from getting hurt.
1. Do not keep any meaningful amounts of crypto currency in trading exchanges. Make your trades and then secure in a wallet. This is a fundamental rule that should be applied no matter the amount of funds you have that you cannot afford to lose but if otherwise, you can just go ahead. Issues still arise today on several users not getting their due forks in due time while some other exchange sites change their policies at will. 2. If you make large deposits or withdrawals from any account you are raising a red flag. You will likely find that the larger the transaction, the more identity information the exchange or wallet requires in order to comply with AML laws. This is something that most exchange sites always put in the KYC policies depending on how much you want to withdraw and trade in. Higher amount means higher information you must be willing to share 3. If the exchange or account is a smaller company and you make demand for a large withdrawal you may find that your withdrawal will be delayed. If the company is over-extended or a scam or ponzi then your account may be "frozen" and your demands for explanation go unanswered. Be sure of the exchange site you want to visit there are several ones that have proven themselves that you can choose from. 4. As to cloud mining, you do take more risks that difficulty will rise faster than the ability of your investment to give you a true ROI. This is also an area that seems to have more scams. This is the most lucrative scams, want to waste your money, this is one sure way to lose it. 5. If the company you have funds in does not have a verifiable physical address in the country that you live in, you will likely have no legal recourse for any rip-offs. This I will have to agree with you. 6. Be aware that fees in many exchanges and wallets seem to be creeping up. You may start with $30, U.S. in BTC and by the time it is sold and reaches your Bank as U.S. Dollars it is reduced to $22 U.S. This is key before you start shouting scam all over the place. In all this is something a newbie should read and digest before engaging in any transaction via exchnage sites as well as cloud mining services. Mere reading can save a lot of heart breaks. |
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Just read their how to withdraw (sell) bitcoin safely.. that give me a good laugh i admit.  I cannot but laugh at that but I think the writer of the message is trying to be really flexible and not take so serious as a professional would have done. I really don't think its a racist comment but rather a form of informal and trying to familiarize with their client since their services is more of a peer to peer platform and not a centralized one where you have in the case of Bitrexx of Poloniex. And if you really read what is being propagated there, it goes both ways and even a form of explanation so you think you are chatting with a white guy which might turn out to be your neighbor. The best is stick to the rules of the game if you don't want to get bitten. |
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Hi guys,
I'm still learning about bitcoin, and i understand mostly how it works. What I'm struggling with is, how do the 24 number of randomly generated words match against the 256bit private key? And where is a list of private keys and the amounts in those wallets are stored for if you want to recover your wallet?
Hope that makes sense!
The way bitcoin is now, it has been designed to accommodate every level of knowledge whether a rookie or a techy. For someone like you who wants to understand the behind the scenes configuration and how the numbers are generated, then you will have to do more in the areas of research and reading but I doubt if you will understand if you are not someone who has been technologically sound before because even the white paper that is written in basic English, a lot of people still find it difficult to understand. For someone like me, I believe one day the answers will come knocking and I didn't even use a desktop wallet until after about 6 months since I joined the community. Trying to understand everything at once might lead to information overload. |
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Hi all.
Yesterday I opened a support ticket in kraken demanding my bitcoins gold. (No answer yet)
I encourage everybody in the same situation to pressure those thieves to give us our bitcoins gold.
The pressure you want to ensure they comply with is going to be out of their sheer will and I am sure you are not new to the crypto world at the same time not unaware of the time of BCH fork. It has been a rule that even when there is not fork that you should always keep your coins where you control the key and this is always more pronounced during the build up days to the fork happening with various threads that show up on how to claim BTG which you are obviously not ignorant about. Good luck in getting others join your course and hoping that Kraken will bend to your rules and mostly if you have learnt your lessons to always keep your coins where you have the key. |
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LONDON (Reuters) - Bitcoin dropped below $7,000 on Friday to trade more than $1,000 down from an all-time high hit on Wednesday, as some traders dumped it for a clone called Bitcoin Cash, sending its value up around a third.
Bitcoin has been on a tear in recent months, with a vertiginous sevenfold increase in value since the start of the year that has led to many warnings the bitcoin market - now worth well over $100 billion - has become a bubble that is about to burst.
It reached a record high of $7,888 around 1800 GMT on Wednesday after a software upgrade planned for next week that could have split the cryptocurrency in a so-called “fork” was suspended.
But it has quickly retreated from that peak, falling to as low as $6,718 around 1330 GMT on Friday. It later recovered a touch to trade around $6,880 by 1645 GMT, but that was still down almost 4 percent on the day.
There is nothing wrong in what is being faced and even the news because its normal to everyone who has been active in the bitcoin community and has always keep to the basic rule of not going in more than what you can afford to either lose, or leave long term but at the same time, I wish they can publicize news like this to the outside world in other to send two messages: a. Its not all rosy in bitcoin and everyday is not all about upward trends, new all time high, record breaking price etc. b. Bitcoin might not actually be a bubble because it falls and rise. It fell more than $1000 in 24hrs, it has gain $500 in 48hrs. These are important messages to be put out there and not only about how price increase beyond understanding. |
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Does anyone on here think that there is ever going to be Bitcoin Bank, be it something which is centralized or something which isn't really doesn't matter. But I'd think of this as a company, or a union (like one of those credit union banks) where loans would be given out to people with trust, money is held, and so on and so forth.
I know many think that they can escape banks, but they are insanely helpful and trustworthy for many everyday people who we'd want to join into the BTC community.
I don't think its ever going to happen although there will be some service providers that would want to function as a bank or say quassi-bank such as exchange sites where people keep funds or online wallets where sum of bits of bitcoin kept on their platform could function as a bank but a full blown bank, is not achievable because of the following reasons in my opinion: 1. The community is a decentralized one but banks means it has to be centralized where some people will have to be the one to issue licences and the like to ensure safety of funds of customers but that cannot happen because even the service providers mentioned above, some people still hold the view that they should not be needed and keeping your funds there is endangering to bitcoin. 2. Personally, I won't put my coins in any crypto bank no matter the returns they are promising because if they promise low, I wont be encouraged, if they promised high returns, its a ponzi scheme. |
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What do you think a about it? is it good or bad for bitcoin?
Rising bitcoin community goes beyond the forum as it involves people on the streets that does not even know the existence of bitcointalk forum but one way or the other, they got involved. While some people hold the view that its all good for bitcoin because more population means more acceptance and more bargaining powers which makes it more difficult for government to curtail. On the other hand, some people are also seeing it as a ticking time bomb because they believe that when it has gotten to the point where every dick and harry knows about an investment scheme such as this (for those who hold bitcoin as store of value), its time to exit the market just as it happened in the case of stock during the market crash that happened at different years. |
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So be gentle, I don't quite understand how a fork works yet but I am working on it. When the fork happens it is essentially going to make Bitcoin and Bitcoin2x correct? From what I understood what Coinbase sent me(my wallet, exchange) they said I would receive the amount of coins I have in Bitcoin and the Bitcoin2x. Why is a fork happening and more importantly, who is controlling it? If anyone also can posts information on where to learn about this sort of stuff, bonus for you!
Pardon me but I feel something is not right with your account because I cannot come to believe that an Hero member rank would ask of such question if not because something is wrong somewhere and the person behind the account is not really an Hero Member. The discussion about forks has been said and done because the SegWit team cancelled the whole exercise and there were several threads on this last week when the news broke out which means no fork is coming unless some other forks that we are yet to hear of. On those who control the fork, its made up of the team of individuals and developers who believed that they can make a difference and being backed by those with the financial wherewithal to push that as well. |
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Hi Just wondering will you guys use new exchange if there will be lower rate than on other platforms? As well as which one do you prefer fiat to crypto or crypto to crypto or both together? Reason that I am asking that we have in mind to develop new exchange with better UX/UI performance and usability, margin trading as well as with lower fee and better anonymity. At beta test we will going to provide some amount of money to beta testers for trading. What you think about the idea?  As I was developer in team of one exchange which is very successful now, I have in mind to create platform where you can : - store your wallet of BTC and ETH as well as for other coins.
- Trade with coins.
- Dev API for merchant development
- Read news from cryptocurrency and blockchain world
- Mobile app for all these things after successful beta test.
- As well as if community will allow (you are ruler in this world) in this app you can buy BTC or other coins by fiat completely anonymously without any verification.
NOTE: this isn't any fraud (like rawx.io) or average exchange. There is nothing wrong with setting up an exchange site but I would support the fiat to crypto compared to crypto to crypto because the latter has been saturated already but with fiat to crypto you can expand its availability to several other coins because the ones currently available that I know is limited to only bitcoin and ethereum. Also, since you are already involved then you are in the know that it won't be easy penetrating because the market is saturated and carving a niche out for yourself might take a little more hardwork but with time and proper management of community and clients relations, you can get there. |
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Although, I won't totally support the creation of airdrop website because of the issue of trust that surrounds it and the inability to give the users visiting the platform unalienated information as to whether to rely on such and act or otherwise.
But at the same time that does not mean it cannot be pursued we have Poloniex and Bittrex both running the same type of business and they don't have any issue to quarrel and that does not stop HiBTC or Livecoin from opening for business operation to offer the same service. But one thing will make people go to each and every of those sites that's what you need to identify to go extra mile in meeting clients needs even though there is a competitor. There is enough space for everyone to feature.
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Dear forum members, We doing research about the use of Bitcoin among women. There is only a small percentage of users that are female. We would like to interview some women that use Bitcoin. This interview will take maximum 20 minutes of your time. If intrested, please reply below or send a personal message. I will share the outcomes of the research in this topic. Thank you in advance.  How can you know that a forum member is female,not male? I think that around 10 or 15 of all of the active forum members here are female. You will have better success if you search for bitcoin related social media female accounts. Anyway,i don`t think that most of the them are really female. Exactly my point. I don't know he wants to carry out the research. Using the gender notation on the forum will not even prove any better because I have met someone who puts female on his profile but he is a male while some others just decide not to put any gender on their profile. If you want to go through the use of username, while some names are clearly male like Edward others like mine are not. If possible and allowed by the forum, create a form of Google doc which is linked to the questions you wants to be answered then only female will follow through if they are interested. But be careful not to put any incentive because some people can deny their country anywhere money is involved, how much more gender. |
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