You better believe it folks  Patience is the key. 5K does seem possible and I think I can definitely see us there by the end of the month if everything keeps going like this. 10K seems far fetched and if we are lucky we might be able to reach that before segwit2x due to the whales constantly pumping and pumping. 50K seems impossible to be honest. Maybe in the next 5-10 years but definitely not now. |
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I don't think that is the real reason why Bitcoin has risen so much since there are so many other reasons. That may have affected the prices, but I don't think they are the main reason why bitcoin is so high. There is a scaling issue with bitcoin and also people are pumping up in preparation for Segwit2x, especially the whales. Doesn't look the that is affecting Bitcoin price much. |
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Hot damn! I though japan was fairly into bitcoin especially due to how technologically advanced they are. I guess the next time I see bitcoin getting pumped up, I'll think of Japan. 46% Holy crap...
Does that mean the people in Japan own almost half of all the bitcoin is held by people in japan, or is it something else?
It doesn't mean that people in Japan own almost half of all bitcoin, it just means that they trade at lot. Somebody could be holding on to a couple of million bitcoins and they just wouldn't show up in the trading volumes at all. Ah, okay thanks for the information. I just never knew what total volume, so thanks for clearing that up. Is there any information we could get on which country has the most or least bitcoin, I would love to see a figure like that and it would really put things in perspective. |
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Hi,
I need to buy some BTC from a 'safe site'.
I do care about my privacy I'm not looking to provide my Government ID or my Driving License or anything personal.
Have guys tried any site that doesn't require sensitive personal info?
I'm really curious.
It is pretty hard to buy bitcoin without any ID, it may cause a lot of people to no really trust you. I am not aware if Bitcoin atms need ID, but I don't think so. They do offer really bad rates though and may not be in your area. Would recommend taking a look on localbitcoins for some sellers who dont need ID to buy bitcoin, but they might offer bad rates. |
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Hot damn! I though japan was fairly into bitcoin especially due to how technologically advanced they are. I guess the next time I see bitcoin getting pumped up, I'll think of Japan. 46% Holy crap...
Does that mean the people in Japan own almost half of all the bitcoin is held by people in japan, or is it something else?
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What do you guys think is at the heart of this rise?
With the upcoming hard fork of November is it whales pumping it before taking huge profits and causing the biggest crash we've seen in Bitcoin so far?
Or is it new people investing in Bitcoin while having no idea of the upcoming hard fork?
Having read heaps of threads about what is causing that and what the price is expected to be soon, I have formed a conclusion that what is causing this huge pumps is due to the whales. For example someone pumped up to 3.5K and instantly sold 18 BTC, probably a bot. Looks like the pumping before segwit2x happens, the whales are trying to make some profit before it. |
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Well i am not into Bitcoin news, So need sources from you guys. What has caused this uproar in the price in your opinion? Except for the 1st Aug, Have any country approved bitcoin? except the Japan news. Any positive news in the air which has caused this up rise or its just a simple bubble. If you think this isn't a bubble do let me know why? I need proper sources with your answers. Also do suggest me some good news sources for bitcoins. Thank you.
Well we just went through a hard fork which people though would kill bitcoin and it did the opposite, I guess what doesn't kill you does make you stronger. It seems like everyone is buying bitcoin and then this is snowballing and making the prices go up. The whales may also be buying, in prep for segwitx2 so they are pumping before they dump to maximise profits and everyone else is buying. |
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Hi,
Even just a year ago bitcoin was useable... now the fees are about 10x what the banks charge. Seems like its changing from a peer-to-peer money system for everyone into yet another convenient way for rich people to exchange funds!
You posted this a while back and after Segwit, the fees have all dropped and it seems like the hard fork did fix some of the issues we had. Now we pay less in transaction fees and it takes less time to confirm. Making dust transactions was always hard to do with bitcoin, but this fix makes it more affordable for people to make smaller transactions. What went wrong> And more to the point, who is responsible? What can be done to fix it?
Already has been fixed. The block rewards slowly become less and then miner fees have to rise in price. a |
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Is it me, or are there a lot of new scam icos popping up lately? With the recent accusations to Enjincoin it seems like every ico can easily turn scam and will turn scam if there is a lot of money on the table.
I would recommend people ask for heaps of proof when investing in something like an ico, to avoid situations like this.
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What happened:: Couple of days ago I wanted to buy some aschcoin and according to aschcoin mainpage here the only exchange in english was cryptodao.com. I transfered some ltc but due to low trade volume I decided to use other exchange and sent ltc to my jaxx wallet. I've a withdrawal request confirmation letter and printscreen of trancaction completion but still got no my ltc. And moreover I cannot login to cryptodao.com because the system tells me that my email address is not valid which is nonsense. I've sent an email to their admin, PMed to cryptodev2014, sent twit @cryptodao but got no reply at all. I made some due diligence (which had to be done before, my fault) and it seems like cryptodao is not trustworthy. I lost my money and I'm not the onlly one who got scammed. You need to remove cryptodao.com from your page as soon as possible. Don't let people be scammed! Scammers Profile Link: https://bitcointalk.org/index.php?action=profile;u=901136Reference Link: https://bitcointalk.org/index.php?topic=1880303.msg20279091#msg20279091Amount Scammed: >11LTC Payment Method: Litecoin Proof of Payment: https://live.blockcypher.com/ltc/address/Lg1Pccf4A2Yc2V9AgGakbHzLc2N9UNbDi9/Additional Notes: Be aware of cryptodao scammers! Thanks for using the correct format to submit this scam accusation, it has been a long time since I have seen the correct format, especially from a newbie. The site seems to be relatively well made and has no obvious looks of it being a scam, but I don't think you will be getting your coins back. https://bitcointalk.org/index.php?action=profile;u=901136 Here is his profile and it is painted with red paint from DT-2 users, which means it most likely is a scam, sorry for your loss. Too hard for him to have found that before using that site, just unlucky. |
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Thank you shorena, thank you QS, that's the best gift you can give us tonite. I remember when lauda left me a neg trust last year, this account was my life.  There is no need to start a thread, purely on this topic. So she got negged, whatever. Like most of the people in DT-2 lauda does a pretty good job at catching scammers and rarely makes wrongful accusations. The negative trust you are talking about is probably deserved and you are probably just butthurt. Quickseller has supposedly removed his/her negative trust and only shorena's neg remains. If you feel you were negged wrongly, you can also send her a pm to resolve the issue. |
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Bitcoin price is $3000+ in Chinese Market. When do you think it will reach $4500?
With the current rate that Bitcoin is growing, if it continues to grow this fast and this well, I would say we would reach 4.5K by the end of the month, possibly even 5K at the end of the month. With this much growth, I think that Bitcoin will stop rising soon since it can't just rise forever. Somewhere along the path, maybe next week or the week after, Bitcoin will stabilize and stop growing or drop in price. |
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I do agree with your point of view, but somethings are still incorrect in it. The way you are using credit is incorrect, since credit is usually something that is related to lending money. For example this user may have a good credit history, which will make him available to loans. The point that bitcoin is at right now, it isn’t a good form of online money. Sure segwit did make fees lower, but they are still, pretty high. The fees, will make it hard to use with lower transactions and for people who make a lot of smaller transactions.
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Certainly seems interesting, I don't think I am the right man for the job, but I have some skills to offer.
When your coins gets finished and enters pre ico, I can help with marketing and community managment. I will be able to run a bounty campaign for your coin, for it to attract early investors and catch more eyes.
Please send me a pm, if you are interested.
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You are offering cents on the dollar, and that certainly isn't enough. I would recommend not trusting anyone who is offering to do this for you since the prices are super low and you are most likely getting pms from scammers. A coin developer itself for a new crypto would range from 500-1000 USD, and if it a complicated project like yours and has heaps of aspect, I would say around the 1.5K mark. Then you need marketing, a website, a whitepaper. Making a new coin is super expensive. |
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Stuff like this, just makes me mad, and this will definitely give Bitcoin a bad reputation and will only further discourage new people to use Bitcoin. This is one of the reasons why Bitcoin will never become mainstream. These exchanges could always go corrupt and they could easily just manipulate the prices of bitcoin, causing them to lose a whole lot of money |
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I mean after segwit is activated of course.
Also how does this fee compares to bitcoin cash fee? Which will be cheaper to the consumer?
Also if bitcoins are worth $millions in the future and 1 satoshi equals $1 then how do you buy 50cents gum/candy? Or does bitcoin anticipate that in the future fiat inflation is norm meaning cents pricing will be gone in the future.
Since Segwit was activated, it is quite obvious that transaction fees have been lowered, and I am now saving a dollar or 2 every transaction I make, which eventually adds up, especially if you make a lot of smaller transactions. Have made 5 transactions after Segwit has been activated and saved like 7$ in transaction fees. Nice! Don’t compare transaction fees of Bitcoin cash and Bitcoin, they are totally different things and Bitcoin is way more congested, therefore the fees should be higher. Barely anyone uses Bitcoin cash, so that is probably why fees are so small. |
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I recently created an account on coinurl and earned some coins.
I tried to cashout but i got an error that new users cannot cashout untill account gets "one week old".
After one week passed i asked for a withdrawal wich is still pending.
My profits are also pending in my account since 31 of July 2017.
I have sent serveral emails to coinurl team and opened one ticket but 5 days have passed and i have no answer yet.
Do we have any valid reviews?
UPDATE : COINURL IS A SCAM (ACCOUNT BANNED ON CASHOUT REQUEST)
Feedback for it has been relativly positive so I am unsure whether you did something wrong or maybe the turned scam. Please provide some more proof and use the correct scam accusation format next time. These figures seem highly suspicious, provide proof please. Maybe it is just some problems after hard fork. Keep sending support tickets and they should eventually reply to one soon |
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I introduced a friend to bitcoin in 2016 and he bought 20 bitcoins at $455 somewhere in January 2016. He now sold all of them at $1005 per bitcoin. After bank fees and trading fees, he made a profit of about $10 000 in a year.
The best interest rate he could get back in January was about 10% per year. So his profit from bank interest would have been +/- $910 for 2016.
Even after Tax has been deducted for Capital Gains, he will still Net a profit of about $7000 for the year. He is a very happy chap now, and I got a expensive lunch out of this deal. ^smile^
#Disclaimer : These are calculations done by him, so I do not know how accurate they are. Just thought I would share it with you.
Would you risk about $10 000 now, to possibly copy his success? Those were very uncertain times, when he had to make that decision back then.
Made like 5K profit from buying when it was 2K and selling when it was 3.2K. Regretting not waiting a day later and I would have made another 800, still massive profits though. With all my big investments, they have gone pretty well, netting me quite a lot of profit. I bought ETH when it was at 200 and now it is almost at 300 and I sold all of mine a day or 2 ago. I do have the money from my previous trade to do it, and I am just waiting for the right time to invest it. |
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