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2401  Other / Off-topic / Re: How are you earning BTC? on: February 11, 2017, 08:30:37 AM
I get the BTC from the faucet, gambling, trading. but most often is with gambling. although I often lose in the game. faucet currently only dispose waste of time

Faucets re useless, hunting pennies s not something I d ever consider allocating my time towards. BS.
The time for faucet is past and anyone still nursing the idea of making any significant coin that way might have to wait forever. I don't recommend that to anyone anymore, instead channeling one's time to learning a service high in demand here like coding or graphic design,etc would be a worthwhile decision.
2402  Economy / Trading Discussion / Re: Best practices to do or trade while bitcoin is dropping on: February 11, 2017, 08:11:01 AM
please, answer my question. Do you see the price of ether is down while the bitcoin have got panic sells? So, you can make your conclusion and don't be fooled or panic. just keep them in ether form.
First thing is to realize that profit taking do happen in the financial market every time new and especially psychological price levels is attend. It should not be confused with a sell off, which is a totally different thing altogether. The $1000 per Bitcoin is one such levels and we can expect price to be swinging slightly up and down this level until a fundamental event causes a break out. If you can see it, the market is simply creating opportunities to buy low again and sell high.

One more thing, concentrating on one pair of currency, gives you a better focus and understanding of developments in that market. Jack of all trades, are indeed masters of none
2403  Economy / Trading Discussion / Re: Is it still worth it to trade? on: February 11, 2017, 07:57:23 AM
I wonder if someone still should get into trading Bitcoin at this point? There was a time with incredible aggresive swings so that daytrading was interesting, but now the movements appear but much slower. Is it still worth it to trade?

Whatever happen in the flow of market in trading platform, doing trade will always be worth to do it. As long as there is fluctuation happening inside the graph and coins are many swinging or even swinging are getting slow, still there is a heart beating in the trading stage. It shows only that any exchanger's are continue exist because of their active traders.

How can you say that it is still worth to do it? Are you a part of the top 10% of the winning altcoin traders? If you can answer yes. Can you prove that you are really a winning trader? I am asking since you said trading is still worth it.
An understanding that the market has three types of movement - it is either going up, down or sideways. For each of these movements, a different approach to trading becomes necessary or the trader is better off staying out until, the market reverts to conditions he/she is conversant with.

Something I have noticed with some traders here is that, the ones without some background knowledge of how currencies are traded, thinks that trading cryptocurrencies is guess work or no correlation with trading forex, but it is not, strategies have their place just as in forex, that is how buying low and selling high would not end up being an illusion.
2404  Economy / Trading Discussion / Re: you need to overcome your fear of losing money on: February 10, 2017, 01:07:57 PM
True. Unfortunately loss aversion is a fundamental part of our psychology. That's why people who are willing to take risks are rewarded. Everything from starting a business to gambling to trading involves risk. Being emotional when getting into these is a surefire way to lose money. Fear of losing money will make you lose money.

This is an outright oversimplification of matters

As if no fear of losing money would somehow prevent you from losing money. While it doesn't prevent you from losses at all, it could in fact heavily exaggerate them. Really, if you don't have any such fear altogether, what would stop you from losing all? Your fear is essentially caused by the lack of genuine knowledge, and it is the true knowledge of real situation that prevents you from losses. Lack of fear is just an effect that such knowledge gives, while unfounded fearlessness (e.g. due to arrogance or overconfidence, what I generally call "know it better" approach) can be fatal in trading and pretty fast at that

I'm talking about those who sell out of fear when they see price fall in hopes of at least getting some of their money back. IMHO you shouldn't be risking money you can't afford to lose in the first place

Stop-orders are used exactly for that

It is basically the same fear out of which traders are placing these orders. If they didn't have this fear (i.e. they were sure that the price wouldn't go any lower), they wouldn't be placing them. This is the lesser of two evils, losing small or losing big. In this way, if you just happen not to feel any fear at all (for whatever reason) and remain emotionless (no matter what), that will eventually lead you to greater losses
In any of the financial markets, there are a million and one factors that influences price, thus making it impossible for anyone to hold the answer to where or what the market is up to the next minute. I think those people that claims to see the future, should have been wealthy now if they really do.
2405  Economy / Economics / Re: Passive Income on: February 10, 2017, 01:00:51 PM
I think it is a very good passive income from a youtubers. dala produce 3k-4k a month is extraordinary income. if it's like that, YouTube is an excellent place to get a passive income, but I am sure it will not be easy as I imagined.

YouTube income is not passive! You are getting money from views, but for that you need some unique content.
Even little things like using copyrighted music in the background can stop you from taking profits from the whole video. It's like writing a blog, you need to dedicate a lot of hours first to reap profits later and while the profits are coming, you may think it's passive, but it's actually the payment for the work you've already done days or weeks before.
Moreover if you stop generating and sending good enough traffic, the income you claimed was your soon stops showing up and by then it would done on you, that what you were into wasn't passive income after all. Passive income cannot work without some extensive work in the beginning that sets up the infrastructure the system would need to run on in the future.
2406  Other / Archival / Re: Earning "free" bitcoins on: February 10, 2017, 12:34:54 PM
Currently, the best btc acquisition method is signature campaigns. The faucet sites are really a waste of time. At first I was trying to win btc by decrypting captcha. But I realized that my time was wasted. In signing campaigns, both bitcoin knowledge and btc have been increased.
Soon signature campaigns will go the way of the doe doe.
These people will see there is a better way to get traffic for their campaigns another way.
Steem it perhaps.

How do you know the advertisers are not satisfied with advertising their products or company through signature campaigns? You may want to know that people advertise in hope that few of those that come in contact with the advert, would be interested. Some others might become interested in later days or even be the one to pass the information to other people.
2407  Bitcoin / Bitcoin Discussion / Re: Western Union is getting destroyed by Bitcoin in Switzerland on: February 09, 2017, 10:24:57 PM
Here's the thing feared by financial institutions such as banks, presence of bitcoin will certainly make financial services, and of course there will be a rejection of many of the parties that will keep campaigning to reject the bitcoin. For us as users of the bitcoin, surely this can we expect.
Nice to see Switzerland taking that bold stand for Bitcoin and hope other countries will stop sitting on the fence and embrace Bitcoin because it is actually here to stay. As for WU, MG and many companies out there that are too blind not to see change, even while standing right before them, "early bird eats the worm."
2408  Economy / Economics / Re: How much are you willing to pay in fees for a Bitcoin transaction? on: February 09, 2017, 09:01:30 PM
For me it depends on the amount of bitcoins I will transact if it is a high amount like more than 0.02 then I will not care for the amount of fees and  will prefer for 0.0004 or more as are suggestible by blockchain automatically but if it is smaller amount for recharging my mobile then I will like to use xapo without fees transaction.
You might want to know that as from 15th of February, 2017 transaction for amounts less than 0.00030942 BTC, would start to attract some fee.

These days, I have had to pay as much as 0.0005BTC as normal fee to have my transaction processed without much delay and they actually got processed in no time. However am concerned this preferential treat would do Bitcoin more harm than good as it might escalate to the highest bidders taking over the network.
2409  Bitcoin / Bitcoin Discussion / Re: Where is the Balance? on: February 09, 2017, 08:03:38 PM
Increasingly businesses are coming under some form of regulatory framework around the globe. For instance, on Wednesday the People’s Bank of China held a meeting with bitcoin exchanges operating the country with the aim of putting new regulations in place to guide them.

Meanwhile, the major selling point of bitcoin has been the privacy that it offers its users. With bitcoin enterprises and activities coming under the focus of regulators, where does the balance for bitcoin enterprises between protecting customers and trying to impress regulators?

Here you will find the balance:
1. Coinbase was made for Bitcoin, not the other way round;
2. Bitcoin is sure to go on without the likes of Coinbase;
3. Bitcoin was born a decentralized currency;
4. governments love Blockchain, but hate Bitcoin.
.
2410  Bitcoin / Bitcoin Discussion / Re: Bitcoin for the rich, not the poor on: February 09, 2017, 07:31:58 PM
Well to an extent maybe, I suppose the transaction fee for 50 million btc is the same a 0.0005 btc. But it's not like the current fee problems are eternal, and the fees are still lower than other fiat options.
That's true, fee is still lower compared to fiats, but cheap fee is one of the corner stones of Bitcoin and now it has started to increase, if not properly addressed, someday there would be little or no difference with fees we see with the fiat currencies. It should be called to mind, that the root cause of the myriad of problems confronting our financial systems in the first place, is the fact they were structured to favor the rich to get richer at the expense of the sweat and blood of the poor. My belief however, is that Bitcoin is different and actually came to address all those anomalies. Bitcoin is classless!
2411  Bitcoin / Bitcoin Discussion / Re: Is there a chance Satoshi is dead? Car accident, heart failure, ect on: February 09, 2017, 06:46:13 PM
In my opinion, I'd never think Satoshi Nakamoto is the real person behind bitcoin.
Most people share the same point of view, his real identity could be anything but Satoshi. Nevertheless, he gave the world an award winning piece.

Quote
I don't think he created bitcoin and leave it without a good reasons.
The entire scheme has a grand master touch, so to have moved on without it, I think must be for good reasons. One of which is his safety and to allow others discover Bitcoin and Blockchain by themselves.
Quote
Bitcoin algorithm is too complex and too perfect to create by one man. Correct me if I am wrong.
I believe the idea was his alright, but he got a team of like minds around him. Guess that explains the title on the documentations and earlier posts made here bears Satoshi.
2412  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Better Than Any Banks And Any Other Third Parties on: February 09, 2017, 03:11:00 PM
Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.

Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.

How bitcoin helps for your life?

If this thing will happen, I guess it will affect the economy of the real world, if bitcoin will be used as the way of sending money of the workers outside the country because government do not have an access to bitcoin. But then in the side of the sender and receiver, it will be a big help.

It is already happening and it doesn't have to be companies or government, but individuals working or earning money overseas and having family and friends down home. Using the banks, WU or MG attracts huge fees, but with Bitcoin, aside from making the transaction to be quite cheap, bank can be by-passed and no need waiting for some business days to pass before one can access their.
2413  Bitcoin / Bitcoin Discussion / Re: Great way to make Bitcoin! on: February 09, 2017, 02:59:31 PM
Holding is a great way to make profits in future but the only issue with holding is that it will never increase the number of bitcoins in your wallet and it will remain same in the future and you will be making profits with holding only if you have enough amount of bitcoins and that also only if price goes higher in future and holding will never multiply your coins.
Except you're not doing it right, buying and holding is supposed to increase the coins in your collection. For instance, if the current price of Bitcoin is $1000 and you bought 5 BTC, that will be $5000 worth. Should the price hit $2000 per BTC, you may decide to sell your 5 BTC for $10,000, that is extra $5000 in your pocket. Now wait for price to go below your selling price and buy again and you will certainly have more coins. If you understand the language of the market, you will be most of the times buying low and selling high.
2414  Bitcoin / Bitcoin Discussion / Re: The Reason Bitcoin will always be #1 on: February 09, 2017, 02:42:32 PM
Bitcoin is definitely one of the coolest names. But this is when looking at all of the ****coin names. Unoriginal, and don't sound as good as "Bitcoin".

What sounds good is Monero and Ethereum.
Name has absolutely nothing to do with the reason Bitcoin is occupying the #1 position in the cryptocurrency world. If it were called "Shit" and yet it portrays all the intrinsic values we see in it, yet would it have also attracted us. So the main things is, Bitcoin is giving us the answer to so many financial questions we have been asking or grumbling about.   
2415  Bitcoin / Legal / Re: Money laundering via BTC on: February 08, 2017, 05:49:06 PM
It;s not possible because the idea of money laundering is to make illegally obtained money appear legally obtained. If you suddenly get a lot of money in bitcoin, the state wll assume it's illegally obtained. So no, you can't launder money using bitcoin, because it will never appear legit.
By that,you are trying to say the governments are invariably saying we all here and the entire bitcoiners are money launderers! That goes to show the laughable stance the governments have chosen to take against Bitcoin, but we know what's truth - Bitcoin is a torn in the flesh and they can't do anything about it, else they would have long time ago.
2416  Bitcoin / Bitcoin Discussion / Re: How to make governments accept bitcoin? on: February 08, 2017, 03:45:20 PM
Governments won't easily allow bitcoin to be the currency to be used in the country. Other than anonymity the biggest hurdles is that governments can't give the users the assurance of trust similar to the local fiat. Because currency was printed based upon a value placed in relation to commodity. Bitcoin just move depending upon the technology.
Where on earth did you get such crap from? Please wake up man, this is 21st century and there is not one government on plant earth that has its currency backed even by the sands in the seas. If there was anything like assurance of trust for the fiat currencies, the world would have been such a lovely place. Take another look at any fiat currency at your disposal, what you are is piece of paper or some coin and that's all about it. The governments can print them anytime, any quantity and create all manners of financial crisis as a result of that.

With Bitcoin, you already know the cap is at 21 million coins and counterfeit is ruled out. That explains why the governments all over are scared of what Bitcoin can do to their local currencies, should it become mainstream.
2417  Bitcoin / Bitcoin Discussion / Re: There is no "proper" price for bitcoin on: February 08, 2017, 03:26:00 PM
There's only 0,003 bitcoin per one human. The price should be much much higher
That is given the fact that the upper band of Bitcoin is 21 million coins and when we divide that with the total estimate of world population, 7 billion, that gives  21,000,000/7000,000,000=0.003 BTC. That is certainly a small amount for each person and would most likely drive people to demand for more of it to be able to meet their needs and in so doing, the value would keep appreciating. The best way to go about Bitcoin is to take its increase in value, one price at a time!
2418  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: February 08, 2017, 11:55:04 AM
There should be 1 million people use  or blockchain technology, it will be more in the future, and the price will surge too.
i think no one can exactly know about it bitcoin technology is anonymous and there are several number of wallet on the internet right know and many people enrolled in different wallet so it is very difficult to find that how many exactly know it..... so we can only assume or imagine but we can't find exact number....
Yeah..but I guess the developer can predict their registrations per wallet site, and yes I think it is hard to know how many exact users because we do and make different accounts in different wallet site. I think its impossible for a common user to tell that.
The fact is that the anonymity around Bitcoin will certainly make rubbish of any effort to gauge number of people using Bitcoin through their wallet registration, because nothing stops one from having a million addresses if they so desire. Instead of expending energy trying to figure out the number of people using Bitcoin, such energies  if channeled to volume of trade or capitalization, would provide us with a better clue of adoption of Bitcoin.
2419  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Qtum]UTXO based POS Smart Contract Platform | Crowdsale March 2017 on: February 06, 2017, 05:34:37 PM
Hi may I know when will be the ICO start ? they said it will start in march 01 is this legit ? and may I know what is white paper ? It seems like whiout it ICO will not initiate ! please enlighten me regarding this ! I really want to invest in this project I already save some bitcoins for the ICO release !

Please read before asking, this question has been asked few times  Smiley

Patrick said crowsale will start at 1st of March (https://qtumnexus.slack.com/archives/general/p1486005104001480). And brett said the whitepaper will be released about 3 weeks, he said this on Jan 26 (https://qtumnexus.slack.com/archives/general/p1485380376000978), but you could read draft version right now on https://qtum.org/whitepaper

Only 3 weeks left before the start of the IСO, and the Qtum team will undoubtedly try during this time the most well-structured information about the project and to focus on attracting a wide range of investors, that it has become the most successful IСO in this year.
it will be one of the superb ICO will be most successful, because the Qtum team is really working hard and they will double their struggle so as to make the ICO more successful and i am hopeful that they will be make the ICO more successful.
We all believe that it will be more beneficial and best ICO on this forum but it is starting late as we need it to start now. Waiting three weeks will take some time. I wish that they start the ICO in the next week. As I want to invest as sooner as possible and want to see my profit sooner. I am sure with this investment I will get my money multiple times in profit.

You need to be patience. Devs know better when is the right time to start. Better to be in the beginning to more time than that later must be paused or stopped, because dev must improve bugs.
there is no need to rush
The success of any coin is tied to how many people are truly enthusiastic about it and willing to put their money where their mouth is. With what I can see, this project has gotten the people attention and we are all waiting for the take off.
2420  Bitcoin / Legal / Re: Money laundering via BTC on: February 06, 2017, 02:05:43 PM
It is quite possible, if people know how easy it is to save money so that avoid taxes certainly bitcoin is the place. This is one of the weaknesses of the bitcoin too free to use by anyone. I think this should be repaired immediately because it could create a state block bitcoin.

It is not a weakness, it's a good feature, everyone should be free to use bitcoin and that is what makes bitcoin great and much greater in the future... When everyone is using it, it will be strong... So I don't see it as a weakness totally, but partly yes, since it is not like bank who asks many things about the one holding an account...  Smiley But I have a thinking that bitcoin has only just began, and maybe in the future, there will be a solution to that...

I think so, this is a nice feature, we all know that the price of the bitcoin can be very dynamic, up and down hundreds of percent in a year. I'm sure, although bitcoin is a safe place for money laundering, but there is a big risk. Example: someone buy 1 bitcoin with price at $1,000 and then he bought 1,000 btc, then when the price becomes $700, for sure he will crying. Believe me, it is not possible be people making bitcoin as money laundering.

for now it is good for us bitcoin users. But in the long run maybe it will be the same as fiat money. They can let us give taxes if the government told so. So better if we use it now and feel free to use its features before its too late.
I do not think that in the future the governments will impose taxes on bitcoin or if the governments will impose tax then they will not be able to regulate this order on bitcoin users because bitcoin is a decentralized currency and people are anonymous in the use of bitcoin and the governments do not have control on the use of bitcoin.

I think they can if they target the exchange, or the customer that is converting their Bitcoin to fiat currency or vice-versa.  Government can resort to any trick even the dirty one to get money from their citizen.  Worst is they tend to make it as look so good that these citizen even thanking their government LOL

"All authority comes from God"

It is sort of Stockholm Syndrome really. Folks are grown with the idea of government being their superior Big Brother which has some legit power over them and allowed to do anything he may ever wish. It is hilarious to see when the authorities make some stupid move and then try to cover their steps with lame excuses like fighting with terrorism (instead of real fighting with real terrorism, e.g. bombing out SA) or similar things, or, say, declaring some other government and their leader as the worst enemy of the nation and then turning 180 degrees when it fits them most ("doublethink", or "to know and not to know")
How are the people manufacturing those bombs? Isn't that what the governments should see as closer to the root cause of the problem? Who says those bombs cannot be purchased or financed with currencies other than Bitcoin? So we can see the real problem is not Bitcoin, governments are simply passing the bulk, while what they desperate needed is control of Bitcoin.
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