How would this effect the ecosystem?
well it will depend mostly on what they are planning to talk about in this partnership they are forming. I couldn't find much information about it and their goals but based on my experience these things are not really bitcoin related ever. they are mostly planning on adopting the blockchain technology itself and the name of this this partnership is also suggesting that. in which case it has no effect on the "ecosystem" if you ask me, they will make something centralized and bitcoin will still remain the only decentralized and global crypto currency. |
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your first step is to prove bitcoin is in a bubble then continue on with your other bullshit to reach game over. besides I don't get why you are even here, on a bitcoin forum, if you think bitcoin is shit! honestly your post history is filled with crap about bitcoin, how bad it is, how miners are "slavemasters", how everything is going to end, and how bitcoin is going to die, .... and all kinds of crap like that against bitcoin. why would someone who thinks like this about bitcoin even wastes his time talking about it this much?  Because I have the hope that it will cause at least a few people who cannot afford to lose their savings to pull out before it is too late aww, you have a good heart. God bless you for worrying about us and our moneyz |
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your first step is to prove bitcoin is in a bubble then continue on with your other bullshit to reach game over. besides I don't get why you are even here, on a bitcoin forum, if you think bitcoin is shit! honestly your post history is filled with crap about bitcoin, how bad it is, how miners are "slavemasters", how everything is going to end, and how bitcoin is going to die, .... and all kinds of crap like that against bitcoin. why would someone who thinks like this about bitcoin even wastes his time talking about it this much? |
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it is an impossible thing to do because all you can see is what the blockchain gives you which is the transaction outputs and with it you can say which address has how much. but an address is not a wallet belonging to one person. I may have used thousands of addresses and have at least a dozen with some balance in it, like small amounts in change addresses and things like that. additionally you say you want to know how many people have bought bitcoin, in this case many may buy bitcoin but keep it on exchanges, many are using services like coinbase and xapo to hold their coins (none of these methods are good by the way). when they do that, you can't see them on the blockchain. If we make an average of 2 wallet addresses per person, it would mean that only 11,000,000 people have bought bitcoin so far...
there are 18,889,321 wallet accounts created on blockchain.info alone! https://blockchain.info/charts/my-wallet-n-users |
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My goal is to increase my BTC holdings with minimal risk.
then stay away from arbitrage and also even stay away from trading. because trading in general is a risky thing and arbitrage trading is even riskier and harder than traditional trading when you buy low and sell high! the thing that I always remind others about arbitrage is that if it is possible, someone else is doing it faster and more efficient than you. and since arbitrage is not like traditional trading, the opportunity is not the same either. for example if price of some altcoin goes up and I dump, there is still room for you to dump too and possible 100 others. but if there is an opportunity to arbitrage, if I do it, then you can't do it because I will be filling the orders and taking the profit. |
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Hi, everyone. let's assume I have $100 I can afford to lose, what can I trade more profitable, bitcoin or ethereum and other relatively stable altcoins?
when you want huge profit then you shouldn't be looking for stability!!! you should instead look for massive "upwards" movement or a big rise or as we call it a pump. many altcoins are like this, but the question you should be asking yourself is that which is like this "now". then if you found such coin, invest in it and get the big profit. you invest in bitcoin for a long term investment because it is a solid one and will give you profit in long term for sure. that is not true for any of the altcoins including eth. as I understand I need to pay big transaction fees every time I trade bitcoin, am I rigth?
no, the trading fees are the same on the same platform. I don't know any exchange that charges different trading fee on different markets!! |
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this year we had 3 forks!
* Segregated Witness fork.
which was the scaling solution that core developers made. it is also supposed to open up way for easier implementation of things such as Lightning Network (another scaling solution by them). this gained a lot of support and all the miners accepted it when they time came.
* bitcoin cash
which was a useless fork to mostly harm bitcoin and divide the community. nobody supported this fork and because of that it became an altcoin that people pumped and dumped like other altcoins.
* bitcoin gold
which was an altcoin from the start, it even had a big premine which made it look even worse as a real project. it is created for only one purpose and that is to make money. they say it is to decentralize mining but if that was the aim they would have never added the premine crap.
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probably not.
unless you can think of a way to increase the block size to 1 TB and reduce the time between blocks to 10 seconds while solving the orphaned blocks issue, there is no other way to increase the transaction cap. there will always be a cap no matter what you do and increase it has its own issues.
there are however the side chain off chain transactions like lightning network which can help improve the situation for bitcoin but it is a help not a fix. I believe it will make things better though.
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why all people deal with 1000$ like 100$ when using bitcoin
bitcoin take more than 6 years to up 1000$ so it is hard to up 2000$ in two weeks
because going from $7800 to $10000 is the same as going from $780 to $1000 which is the same 28.2% rise in both cases. it may seem big but when it comes to numbers and traders, the only thing that matters are percentages no the numbers. the price may as well be at $780,000 and goes up to $1,000,000. it takes the same kind of push. although when price goes higher, it also means there are more people invested in bitcoin and the resistance and supports become also bigger. |
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This is bullshit. He either does not know what deflation is or is trying to mislead the public: I can buy ten times more Lamborghinis this year than I could last year with the same amount of bitcoin. The US dollar is an inflating asset. There are trillions more of them every year. The amount I need to buy a Lamborghini keeps going up, not down.
He refers to the fact that the US dollar supply increases (which it does) while not mentioning that the Bitcoin supply is actually increasing as well. Sure, dollars' inflation rate can be changed and the expected supply can be changed, but it's not like the supply of Bitcoin has decreased by a multiple of ten since last year. This is classic bubble euphoria. It's hilarious how he chose to mention lamborghinis as the example product to buy. I honestly don't understand your point. bitcoin supply is not exactly increasing, the max supply is the important thing and that is fixed and will most probably remain always fixed at 21 million. at the same time (since we are comparing US dollar) there is no max to dollar supply, there is a finite amount of it available but it increases from time to time as the US government prints more of it any time they want. and there are currently 13,600 billion dollar supply. with bitcoin you can not do that. the same 21 million is being "distributed" now at a slow pace. |
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well bitcoin as a currency continues to be adopted more and more every day. that means it gains more legitimacy through all these little and big businesses that are accepting bitcoin payment. then that turns into more people trusting bitcoin as a currency which they can buy and know it will appreciate in long term when it is adopted more as a decentralized currency or a payment system.
I'd say it is still a risky investment but it is a risk that I am willing to take. and apparently a lot others are too.
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from the upcoming month there will only be good news after good news for bitcoin.
soon more wallets will implement SegWit and with the most popular SPV wallet electrum releasing their SegWit wallet the number of transactions using the new key pairs will increase and with that the capacity of bitcoin and block sizes will grow. less unconfirmed transactions and lower fees at least for the short term can be expected.
CME is also starting their markets in mid December.
Lightning Network will be up and running soon after that.
all the forks will also be done and their effects gone, which means only rise is ahead.
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most of the altcoins including litecoin were dumped hard in the past few weeks leading to the bitcoin cash pump and the bitcoin short term drop. all of that meant a big dip which these altcoins needed to come out of. in other words when the market settles down and the dumping stops they all jump back up a little, that is why you see the rise in LTC price now after the dumping phase is done.
I don't expect any rise to $100 since there is not much news about litecoin that I have heard but if you saw something know that LTC has the potential to rise. this year it has grown a lot and that made its community that much bigger. it just needs a catalyst
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well, bitcoin is money!
if you understand this little fact, you can start treating it like money and with money you can do lots of things to "grow" it. there are lots of things that you can do with money, lending it is just one of the many and it is a little risky too but it can be a good side income.
when we talk about "growing" money, the aim is to invest it. and in order to invest you either find another business which is legit and put your money there and let it give you profit over time (a passive income) or you start your own business (invest in yourself) and make money over time.
obviously the later is harder and needs more work.
the former is riskier and may give you lesser income but it is easier to invest in someone else's business and make money from it.
sadly right now the only legit businesses that accept bitcoin investment that I know is gambling sites. their investment is like a partnership where you also share in the loss which makes the risk of this kind of investment that much bigger.
you can also invest in freebitco.in and get a small passive but guaranteed return from their mining.
Bitcoin itself is a risky asset. If you invest in other risky projects your risk of losing your coins increases significantly. Services like freebitcoin offer about 3% income a year. I think it's too small fee for a large risk. It seems to me that to invest bitcoin can only be in business to sell their products for bitcoins. It seems to me that it will not be soon. Now I just need to hold your coins. well OP is asking how to increase his bitcoin, aka have income/profit on the bitcoin he already owns so my answer is focused on that not how bitcoin itself is an investment to increase your "fiat". as for the investment risks, there is always risks with all of the investments even the thing that looks the safest. even when you deposit your money in banks the government can take their hands on it and take some out or bank can go bankrupt,.... I am just introducing different options, choosing or not is on the reader. |
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well, bitcoin is money!
if you understand this little fact, you can start treating it like money and with money you can do lots of things to "grow" it. there are lots of things that you can do with money, lending it is just one of the many and it is a little risky too but it can be a good side income.
when we talk about "growing" money, the aim is to invest it. and in order to invest you either find another business which is legit and put your money there and let it give you profit over time (a passive income) or you start your own business (invest in yourself) and make money over time.
obviously the later is harder and needs more work.
the former is riskier and may give you lesser income but it is easier to invest in someone else's business and make money from it.
sadly right now the only legit businesses that accept bitcoin investment that I know is gambling sites. their investment is like a partnership where you also share in the loss which makes the risk of this kind of investment that much bigger.
you can also invest in freebitco.in and get a small passive but guaranteed return from their mining.
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if you read the Email from Coinbase you can see that they are not claiming anything about any "return". you misunderstood the email actually. they are just issuing some warning which is the safest thing to do when you are running a service like what Coinbase does. you warn your users that there may be some instability soon because of the possible fork.
the group which said they are going to fork bitcoin is mostly a joke but a service like Coinbase needs to take all possibilities in mind.
right now all the hashrate has gone out of SegWit2x and only about less than 7% remains which is probably some servers that need upgrading to stop signaling for it. and when things are like this you can not make a fork.
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how can it happen with no mining/hashing power to make it happen?  as you said yourself, these are only rumors. or in other words some lies that people spread so that they can pump the altcoin in hopes that when they dump the bags the were holding they lose nothing or at least to minimize their losses. it was always clear as day that the group spreading the "rumor" has invested a lot in S2X and were screwed the day the price fell hard because of that email in the mailing list. |
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it is one of the strategies that is commonly used by different traders. you buy these pairs that you think have a good chance of a rise in the near future but you make sure to buy in the dip not if they are already high. then wait for the rise you speculated about, to happen and then sell. I was thinking of buying small amounts, setting sell orders around avg %^move of the peak.
I do the same but for the selling part I usually wait to see how strong the pump is. sometimes it is powerful enough to go much higher than I initially expected and sometimes it is much smaller so my sell order may not be filled. at the same time you have to be careful not to be greedy to keep holding more than you really should. because with my strategy it is so easy to lose track and wait more and more and miss the peak. |
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it depends on a lot of different factors. these two are not similar things to easily compare them!
for example if you know nothing about trading and have zero familiarity with the market, then trading is not going to be profitable for you. the result will be a lot of losses, one after another until you give up and are broke.
some people don't want to spend time to learn trading, they want more of a passive income type of thing. so trading is not suitable for the se people.
mining on the other hand is more like a passive income. you just buy some equipment (ASIC miners or GPU rigs) and set them up so that they can make you money and you just check on them. this may sound simple in theory but it is still hard and risky because of all the volatility of cryptocurrencies.
but it is much easier to get the hang of the mining and make it profitable.
the only remaining issue will be your electricity cost, and if you live in a country with cheap electricity then mining is a good option to think about.
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I am using Hashflare.io from since 1 year. They paid me good and on time. But now they raise their withdraw limit. (0.0004 to 0.1 BTC) I think they start to scam now..
Anyone using Hashflare? Any thoughts?
yesterday they lowered limit to 0.01 btc, and promise to lower further this week. Withdrawals are successful, thouth take much time for BTC - up to 12 hours. I think they have increased minimum withdrawal amount because either they have some problem with their mining farm or they are not getting enough new investments to pay to their old investors. I really doubt on all this cloud mining services, they are working like hype these days. They might be selling more hashpower than they actually own. true, they are mostly greedy and get more greedy with each user sign up. they see the demand for their services but see they are not capable of supplying this demand so they end up turning into a Ponzi scheme instead in order to make more profit. they all go down this road sooner or later. there is no exceptions. which is why all of these cloudmining websites have had an expiration date. those honest ones or maybe scared ones close down properly without scamming anyone like GHASH, but the rest start Ponzi scheme and that is their doom. |
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