When someone starts using Bitcoin, the first thing he/she comes up with is a nice user interface (depending on the wallet used) that allows him/her to send/receive Bitcoin easily. With a little technical knowledge, the user won't need to worry about other Bitcoin features as long as he/she is able to send/receive coins in a P2P manner. Still, there are other things that would be of benefit to the user if he/she knew about them. Batching transactions allows one to save off fees, while sending Bitcoin to a new address every time increases privacy. Most wallets don't have a straight-forward interface for the user to do this easily (as far as I know), which involves some technical knowledge to get the most out of Bitcoin. Among the many features provided by the Bitcoin blockchain, I'm starting to wonder which one is the most complicated? In my case, I believe that it's complicated to perform offline transactions using Bitcoin core as you'd need to know certain commands (like sendrawtransaction) in order to perform said task. There are other commands that are used for creating a multi-sig address and performing batch transactions that are not easy to learn for the average user. What's your opinion?  I think the most complicated thing about Bitcoin is the fee. Yeah, what miners are receiving as a reward for confirming is the fees and reward for each block confirmed. They said that it is the reward for miners to confirm the transaction but it is really hard to understand how the miner confirm the transactions.
Me either, it just confirmation that appears there can be just one, some are 2 or 3 but I guess it depends on the amount of bitcoin. Larger amount of bitcoin needs to confirm several times and smaller ones need just one. I bet it depends on the computer or GPU, the faster the GPU the faster it computes the mathematical computation and algo of the block. |
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BNB has a large community supporting it outside the Binance exchange. Is not it? The success of an exchange coin directly depends on the reputation of the exchange itself. BNB is a great example when the exchange’s reputation has allowed its coin to become successful.
So if binance gets hard times would BNB the same as it is now? Binance just manipulates the price of BNB by supporting it so it cannot drop through non influencencial demand and supply. Are they afraid of it? If binance gets hard time , which is the least likely to happen cause they are performing so well, maybe they'll just manipulate it to attain such balance. I guess they were creating their own coins to back their business, it is like a plan B whenever they are getting hard times. Mostly these coins are just a market strategy giving themselves a chance to make a reputable platform, like binance coin, it is listed on many exchange so people could see it paired with other coin and come to think of it eventually. |
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this cannot be possible unless Satoshi reveal himself. because as we are talking, there has been a lot of debate about whether if satoshi is a man or something like secret organization that hidden to the public. we are talking about a person in the Time's influential person of the decade list, that's why we need to prove first that Satoshi is a man and not an organization as the others claimed.
Very impossible. If it happens that Satoshi Nakamoto reveals himself in the world then he accepts his death too (not talking literally) but the problem is, he seemed not interested with any popularity or fame, if Nakamoto is after the fame then he should have revealed himself 2 years ago. In addition we still do not know if this Satoshi Nakamoto is a person or group, you're correct, that's is why it is illogical for time's magazine to include satoshi nakamaoto on the list. It is enough for Nakamoto's work to be recognized and changr the world by how it is noew,it is enough that Nakamoto shared what we have now and it is enough for the world not to talk about him/them anymore. |
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I think "Halving" is still going to make an impact on the market but may be later in the year. Right now its delayed because of the manipulation by whales and once they start the rolling we will see some good results on the bull run.
Chart says that halving affects the price of bitcoin greatly, altcoins prices is very dependent to the bitcoin and so this will also be affected. After the halving in previous years, we can clearly see on how it changes the market right away so it is expected to happen again since there are more people now engaging in cryptocurrencies. Bull run is delay, but what has caused it? I think the bull run is delay or worst it won't happen cause all of us is just waiting, waiting for the prices to move up that's why whales are being manipulative these past few months. Hence, buying now is a good choice. |
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I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.
It's kinda sad knowing that bitcoin hit and become popular as a form of investment rather than a currency, but that is what most likely to happen because of its price and I think satoshi nakamoto anticipated it that is why he made bitcoin into smaller denomination. I'm not going to be hypocrite, I am using bitcoin as a investment as a matter of fact I've been holding for a year now expecting the bitcoin could run to sky but its really sad. Bitcoin is supposed to be a form of currency to be use globally but whyy do we focus on smaller picture when talking about bitcoin. |
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i can say that bitcoin play a significant role in digital currency at the moment and i think even forever, because as we know other tokens are just a copy from bitcoin structure, at the same time bitcoin is the main coin use a payment to buy another token, or coin, also its really the standard of crypto currency
Bitcoin as the primary means of buying a new altcoin in the market is a solid proof that bitcoin has come along the way and already does play significant role today. Bitcoin already helped a lot of people being and investment and currency, people have benefited the bitcoin when it hit the ATH and saved a lot of time in queueing for seamless payment. without bitcoin other coins are useless, and will be just a low value token/coin
I just have to disagree on this one, bitcoin can be other coin it just so happen that it was created first. And altcoins is still altcoins even without bitcoin. |
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As for me it is an amazing source of Income , it may not be 100% what you could want , but it helps you get those late night pizzas I might say .
If you are a student it becomes even more necessary because as a student you are not allowed to work , all you could do is rely on it as an independent source of income apart from all the society ( don't know about other sources but in medical you are not allowed to work ).
This is my reason too on why bitcoin is important to me. Being a broke college student you can't just ask for money from your parents, specialy if you're above 18 yrs old. Adulthood is what lead me to bitcoin, searching for some income I can make online and end up with bitcoins which really helps me big time. I can totally relate with this  life isn't fair, it's already given and so opportunity like this with bitcoin is so much for me to grab. Adulthood really hit me hard, it suddenly struck my mind that I should spend wisely given by my parents, so if I want to buy my other needs I should seek money on my own. Bitcoin helped me through a lot in financial terms especially when it reached its ATH in 2017 that totally give me goosebumps earning a lot of money. |
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Don't believe in large volumes before you check directly. Volume can be manipulated very easily. Many altcoins have large volumes, but when they want to make transactions it will be very difficult.
I have come across a lot of fake volumes of altcoin which only aims to attract investors to buy their coins.
I've read some exchanges that has a fake high coin volumes on which they use to increase user growth and website traffic and it's literally disgusting knowing beginners are vulnerable on things such as scams. And yes altcoins these days are not with good intention to their investors. Have you thought of these projects and exchanges to be dishonest with us? telling they have a massive volumre when in fact there are just a small numbered volume and trading volume is just rigged as what their lies? argh. |
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Hi all,
Could really use some advice.
I recently discovered Bitcoin / cryptos. As you imagine my mind was blown and I got my hand on a few different coins.
I’ve randomly come across a trader on LinkedIn proposing account management services and get weekly payment back from initial investment, such as $500 get you $1500, $2000 yields $6000 weekly and so on.
It smells too good to be true, but at the same time I have zero knowledge about trading, except that it does exist and some people do make money from it.
Are these guys all scammers, or can you actually get a good trader to grow your account for their own benefit as well as yours? So far he proposed to open an account on Coinmama and go from there.
I would greatly appreciate any advice, thanks in advance!
Kouyoku
If what they are presenting to you are too good to be true, that is already a red flag. Please watch out. That is a sign that there is something fishy going on inside their heads. If possible, avoid it altogether. There will be sweeter words to come from them. And what is coinmama? That is unheard of here. Don't open an account there. This is just a way for them to promote that site. I must agree on this one. Scamming has been the greatest enemy we have here in crypto space. A nature of scam is to make believe of its victim, and so obviously what's the primary tool of it is the compelling words, a well disguised words for scamming. Too good to be true returns is 90% a scam although there are legit stuffs like that but it is very rare to find. Another is do not be too easy to get with advertisements, it is one their tools to get people up on them. |
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I still think that banks and business' can't really affect bitcoin as much as trade war, in the end when regular economy collapses bitcoin goes higher and how does the regular economy collapses? By companies going bankrupt and destroying peoples wealth overnight.
The ongoing trade has not brought any effect with bitcoin yet but I think it would still matter depends on what these two largest national economies. I'm being skeptical on what this trade war could bring to to the future of bitcoin, either positive or negative. Trade war already affected the international business operations so it is not vague to also affect the crypto space.
Trade wars are still difficult because it could potentially help bitcoin but it could also hurt it as well, people may use bitcoin to overcome those tariffs but also nations could ban it as well to stop that and it could hurt bitcoin, however no one would think about bitcoin when a bank goes belly up, bitcoin won't be the responsible party on that. Both of these situations are bad of course in general of public, we all want people to live a great life, even if it means bitcoin going down, it could help other parts of our lives.
Increasing tariffs will surely push the masses to fulfill their needs with the help of cryptocurrency. And you're correct, these country will also put an eye on cryptocurrency being the so called protagonist during the trade war and they does not want it. Trump's policy is getting away with it. |
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By private, do they mean privacy coins or just any other currency that is not issued by the government? I just read the news but I still not fully understand the definition.
I guess they are referring to the what does the government not issued currency. Because India is facing a huge problem with tax evasion and money laundering so they did not want it since then. It's quite funny how they believe the issuance of money should come from a sovereign entity but not mentioning the inherent abuse of constant inflation and the bad sov value of fiat. If you look at it that way, fiat are 'more private' than most crypto (not counting the useless ICO/IEO).
Knowing that India is a populous country it is hard for them to track each of their citizen with decentralized network and that would just make it easier to launder money and evade taxes in India. They are planning to introduce their new coin that would likely to be accepted in the whole country. We've known India has a very huge problem in any aspect in crypto space , there are already various cases that involves hacking in India, So most probably their government is just being too handy about it. |
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To be honest, I won't.
There might be some plans behind it and I know that there will be a lot of people that would still use it, me? I don't think so. Honestly, maybe that is because I would not be earning anything from it the same as other cryptocurrencies. I am used to volatile and decentralized assets so I guess I would stick to that and not to Libra.
I agree with that. I also preferred the cryptocurrencies that are volatile and decentralized because that is where the opportunity is. Libra as a cryptocurrency is not really a cryptocurrency because it is just like a digital dollar and you cannot get anything from having that. Creation of libra does not mean anything with bitcoin, it's purpose is to have an efficient use of digital currency. Libra is not designed for investment but rather the effectivity of trading. Maybe most of you thinks that you can't get no profit on Libra, yes, cause it's actually a stable coin that will be used specifically on a particular platform. But the thing is, I am not convinced with Libra and talking about facebook that has an incident of data breaching, although it is backed by big companies(paypal excluded now).
It is better to just risk your money into the real ones like bitcoin where you can make at least 10% return in just a month.
Talking about stable coins you can't really make a profit out of it. There's a difference between the two, one is for solely for currency and another for investment. You just need to get away with it. |
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Coinbase currently says it has more than 30 million users. One year ago, they said that they have more than 20 million users. That's a gain of 10 million, or about 30,000 per day. Keep in mind that these numbers are very imprecise, but you still can get an idea of the scale.
Very well indeed. That is a huge growth on coinbase adding users to commit to crypto space, that user number is a heck lot. I suppose the OP is exaggerating the number of signages a day for a year estimating nearly 50000, if that's the case then we could be in a hundred million now. But also keep in mind that all accounts created and addresses generated that time was not in 1 is to 1 ratio, I, myself roughly have 2 to 4 accounts on coinbase which has been forgotten and loss so unspecifically the user growth is indefinite. |
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There are a lot of Icos ongoing without specific products. I still believe many of them are going to give us a huge adoption in this space. But the problem is many Icos are planning to get investments by providing nothing with a solid scamming exit plan. You won't be able to trace them by reading their WP, Team, activities even company formation. Recently I saw an ICO, they were genuinely working to do something but later they ran away with a bit of raised money. They closed their website, TG group and everything.
Can anyone suggest to me how to choose the scam icos ?
I must agree on this. ICO these couple of months of are full of crap. You cannot literally see it or obviously suspect that the ICO will run after funding a money on which many had complaint too. You' be rather consider of taking a rest with ICO investment since the market has many scam ICOs. No lose, no gain! But you really insist that you want to invest why not on stocks? want something more volatile ? why not long hold bitcoin? ethereum? This is what we got now after overhyping the market since late 2017, legit projects are outnumbered by scam ones. |
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Ten years is not enough for bitcoin and altcoins to replace fiat currency. There are many requirements that must be fulfilled before this can happen.
10 years would not be enough to fully replace the use of fiat currency but let us be realistic here. If we are going to jump into a digital currency as means of trading in our daily living that would not be bitcoin, government won't let that happen coz we cannot live freely as the government says and they should continue too.
And I don't know where this Deutsche Bank Research made thier prediction. And this reasearch doesn't think about people who are ignorant of bitcoin / altcoins and how these people would accept bitcoin.
Well that is just their opinion. Prediction is just an opinion based on what a person can see in the present. Yup there are still people who is in favor of bitcoin but don't label them as ignorant, maybe they are just satisfied with what's on their front and don't wann give a shot with cryptocurrency even if it has a lot of help. |
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I think OP is having a breakdown right now because of what happen to his investment. Don't worry OP almost everyone around here experience the same as you while there are who is more unfortunate than you. Don't just give up because you've lost a lot in the past. Learn to correct your mistake by doing another right thing. This is how the market work and you should have known it already.
It's obvious he doesn't know what he entered. I di experience this but did not rant coz I know what the market is, what to do and what to expect least. How could you label bitcoin as a failure when it is just starting yet? Blockchain technology is getting adopted by various big companires and as you compare for the price of bitcoin than it was already measure how long did it go. What has failed is the OP, he failed for expecting too much. OP should what the risk is, hence, it's worth taking the risk as long as you've learn from it. |
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Investors continue to invest in new projects and new altcoins because many projects continue to be profitable. I observe many projects but do not invest in them. I observe and wait when new coins make good updates - then I understand that the project is alive and I can invest a not large amount of money in it.
I didn't get it at all, developers are jumping to a new idea or project to be funded and the old project will get left behind. I hope people could see behind the promising words every project developers are spitting. I am an investor on ICO early 2017 to 2018 and noticed how things changed on mid 2018, undeniably projects are less substantial to continue but was able to get funded by the beginner investors, at that time it ICO are slowly becoming ineffective due to the fact that developers are not that eager to upgrade the project for future use. You can actually notice it on bounty campaigns, there are less successful bounties this year compare to 2017 or 2018. |
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One of the most important things you could possibly do as a new trader is to only put a small amount of your money into trading initially. It's unrealistic to expect to be extremely good at trading right from the beginning, and it's possible you won't be very profitable for a while. Take things slowly at first but keep reading and learning whenever you can and apply the knowledge you've gained when you're trading, and never, EVER risk more than you can afford to lose even if you're on a great winning streak. Don't let your emotions control your trading.
The common misconception about trading is always the scalability of capital, small traders tends to be greedy when they win for a consecutive time and likely to put or add more money. Some are very knowledgeable with trading but they cannot apply what they have learned on actual. WHY? cause guide tends to be more beginner friendly when in fact the real market does not. So I suggest to find a trading platform that offers a demo account to really know how the market works. |
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That being said, the poorest of the poor will not be able to enjoy what we are enjoying right now in this crypto space. To send and receive Bitcoin, one needs advance technological tools such as a crypto wallet, smart phone, an internet connection, and so on.
I know this one. That's why I said how they would be able to access it. Being the poorest of the poor would be hard for them. Imagine banks giving bank accounts to them, and they won't do that because they are not sure of how they will profit from it. Well that's the reality that we must face. Although cryptocurrency are created for all, there are still people who can't use it due to limited access to the internet since the network does not work without it. Even we are facing the technological era, 40% are still unable to have the access to the internet and that's roughly 3 billion and most are in isolated areas. These types of problems are there to be solved, and I think it could be done, but there are no researches to support it yet, you will never know. But what I'm thinking of is giving someone a donation, even just a little even if you are far away from them, it could help them. I think everyone could be at least given a chance to connect to the internet and learn some knowledge about anything they want.
There is no researches conducted since that is practically impossible. Therefore the only way to give is to give physically, cryptocurrency can do the work but it can't be done that way. |
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Of course, with all this anonymity and confidentiality, some illegal activity would have been carried out with cryptocurrency. It is common knowledge too if the dark web uses cryptocurrency as one of the payments there. That is the reason that makes some countries limit the use of cryptocurrency even imposes very strict rules. For the sake of avoiding illegal activities.
Criminals did take the advantage of what the cryptocurrency has to offer, we should not worry about it coz the government are taking care of this matter. Like China, they just shut down a lot of exchange whose not accredited by their regulatories and is accountable for various fraudulent and illegal activities involving cryptocurrencies. Indeed cryptocurrency greatly helps the economy but it does not end there, just like hacking even you upgrade the system there will be always a hole to sight. |
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