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2961  Economy / Economics / Re: stable currency on: July 21, 2017, 08:17:42 AM
Don't think bitcoin will ever become a stable currency, mostly due to the fact that bitcoin is actually a decentralized currency which means it isn't controlled by anything, which means the government can't stabilize it. It relies on the people.

Bitcoin is surely used on the dark net, and for a lot of bad stuff, but if the dark net does close down, which I don't think it will, Bitcoin will definitely take a big hit, but Bitcoin does not rely on the dark net for the price to go up, so I would expect Bitcoin to recover fairly soon.

And yes the exchange rate would go down, but stablise further on.

2962  Economy / Services / Re: earn bitcoin with newbie on: July 21, 2017, 07:46:51 AM
Well, the only signature campaign you will be able to join as a newbie would be join would be the whyfuture campaign, but if you have a bunch of followers on twitter and facebook you can apply for social media campaigns. You get like 14 activity a fortnight so just build up your account to full member and you can join some decent campaigns, and if your really desperate just buy an account.

If you have any skills to offer then offer those skills for money and you would probably earn more than a signature campaign for newbies.
2963  Economy / Speculation / Re: The sky has not fallen down on our head and I hope you have not sold at $1830! on: July 21, 2017, 07:23:35 AM
There is not much to say here. I just wanted to reiterate the need to learn the value of patience in crypto. Buy when there s blood in the streets and do not sell when people re panicing. Cause that way the only ones who profit are speculators. I hope new crypto users learn this and learn it fast.

Bitcoin has survived, as discussed a few days ago, SegWit2x has locked in and it will be activated in 300 blocks. Miners have a few days to update their nodes and those who do not, well, their blocks will be rejected after activation which means they ll upgrade 100%.

There will be no Bitcoin doom. There will be no Bitcoin split.

Here is another free tip for you guys, after BTC breaks $3000+, alts will start skyrocketing again. So dont be fooled to sell while the alt market s red. Stick it to speculators. Let their buys remain unfilled!

Yep I agree, before when the price dropped to 1800 a lot of people panicked and FUD seemed to have dominated the entire forum, now we have recovered and the price is back to 2.8K. The people who panic sold their coins are not regretting it and the people who bought bitcoin for so low and ignored the FUD are rejoicing. Seems like bitcoin won't drop in price until after August first.

Don't listen to FUD people, that was one of the reasons why the drop in price snowballed so hard.
2964  Bitcoin / Bitcoin Discussion / Re: Is segwit really necessary? on: July 21, 2017, 06:28:26 AM
I have to admit I don't know much about the programming that runs the block chain. However I do know about the concept of overload. The main challenge to bitcoin at this time is that it it's too slow for point to point sales it's fine for online transactions, but you can't take five minutes to clear a coke a cola or a coffe. Why hasn't a bitcoin Devi managed to alllow smaller players to strictly seek transaction fees without going after the main coins. Either that or even a carbon copy of bitcoin that is fungeble on a processing level. Btc2.0 priced lower but transactions rewards default to 2.0 chain after 60 seconds or something like that. Is this even possible?

Well segwit is definitely required since it should fix a couple of things like lower transaction fees and faster confirmation times. It should pretty much 'update' the blockchain and also solve the scaling problem which is a big problem nowadays.
 I think the info graphic by Meuh6879 explains it better that me and it covers pretty much everything.
The one thing you need to keep in mind is that segwit will not make bitcoin centralized or cause other problems and it won't kill bitcoin.
2965  Economy / Speculation / Re: 10 days left, what will you do during this period? on: July 21, 2017, 05:51:48 AM
buy more Bitcoin at around $2500?

or sell all Bitcoin at around $2500?

or just pretend that nothing will happen, keep hold?


what will do?  Roll Eyes

Well, currently I have all of my funds distributed in 4 different wallets.
- This wallet has around 30 percent of my funds and it is my emergency fund which I will clean out whenever I have an emergency.
- This wallet is my cold storage with 40 percent of my funds.
-This has around 20 percent and I store all of it in electrum and I use this to do online shopping.
-My mobile wallet which I use whenever making purchases with my mobile.
I need to transfer then all to my cold storage for maximum safety.
2966  Economy / Speculation / Re: When is it NOT SAFE to buy Bitcoin? on: July 20, 2017, 11:37:26 AM
Bitcoin and other cryptos are going down which means it's a good time to buy. I want to purchase but i'm afraid of all the drama around 1st of August.

I have read that there is a possibility of someone mining on non-segwit version of Bitcoin and receiving bitcoins like these then a few weeks after UASF goes in and gets most of mining power all the btc from non-segwit version are going to get erased.

How do i know that bitcoin i am receiving now won't disappear once segwit goes in?

Actually, when Bitcoin is going down, is when you want to buy bitcoin, especially if you are doing buy low sell high. When Bitcoin dropped to around 2000 USD, a lot of investors started rebuying bitcoin since they released it was so low, and then after so many people rebuying Bitcoin, the prices quickly grew and restabilised itself at 2300 USD. Now Bitcoin is still growing and the price of it is at 2400 USD now.

Unlucky, but you missed your chance to get some cheap bitcoin, now I don't think there will be a price drop that takes Bitcoin below 2000 USD anytime soon.
2967  Economy / Service Discussion / Re: Signature Campaign for newbies? on: July 20, 2017, 07:56:55 AM
Is there any signature campaign for newbies like me? I hope there is one.  Sad

Well, I am pretty sure that there isn't but after checking an overview of signature campaigns (https://bitcointalk.org/index.php?topic=615953.0) I found one. Whyfuture offers a signature campaign for newbies and it is around 10 cents a post with a maximum of 40 posts. Currently there are 6 spots open for newbies to join their campaign.

On a side note, I would recommend you leveling up your account before joining a signature campaign, since 10 cents a post is barely anything. You can receive a max of 14 activity per week and one post equals 1 activity. Then for 30 activities which should be 3 weeks on the forum, you will be Junior member and you can coin 777 coin which offers around 15 cents per post with 80 posts a week.

Would recommend you also make good quality posts that have good grammar and only then when you get to full member (120 activity) you will be able to join better campaigns and when you get to senior member (240 activity) there will be campaigns that offer pretty good rates.
2968  Economy / Speculation / Re: where are you keeping your coins (1 aug) on: July 20, 2017, 06:08:35 AM
what the title says  Grin

Well, in preparation for the hard fork that will most likely be happening on August the first, I have done some distribution of funds into 3 different wallets. I have listed them below.

1. This is my offline storage or cold storage and I use a Ledgerwallet Nano S to store the majority of my bitcoin. I store approximately 60 percent of all my funds there and I would recommend doing the same. It is super safe and I have had no issues for my entire lifetime of using it.

2. For approximately 20-30 percent of my funds, I use Electrum since it is paper weight and you can also set custom fees. I use this account for shopping and buying stuff at a discount, say steam gift cards for 70 percent of it's value.

3. For my 3rd wallet, I use Electrum for mobile and there is around 10 percent of funds loacted there. I use this for when I am on the go, and making a couple of trades.

 
2969  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH becoming the biggest leading cryptocurrency, Bitcoin has no future. on: July 20, 2017, 02:36:19 AM
ETH is going up fast everyday, now it has the market cap 60% of bitcoin.

It has no doubt ETH will become the biggest and new normal standard as CryptoCurrency and displace bitcoin aka "Chinacoin" before the end of July.

It is possible ETH will have a higher market cap than Bitcoin, but that does not mean that the more people will use ETH than Bitcoin.

"Chinacoin"
That may be true since China and India has the cheapest electricity prices, and the means most of the miners will probably be located in that countries.

At the state that Bitcoin is right now, Segwit is pretty much confirmed and there is a high chance of Segwit pumping Bitcoin to the moon, especially with the majority of our community supporting it.
2970  Bitcoin / Bitcoin Discussion / Re: Will the death of block reward kill BTC? on: July 20, 2017, 01:43:01 AM
Hi
I was thinking about the blockchain and trying to re-evaluate how much I understand about how BTC works.

Bitcoin block rewards will not last forever, and mining is only profitable in rare cases. This means that when the block reward dissapears forever, mining will likely be profitable for nobody, and nobody will give hashing power to the blockchain because the miners fee only will not be enough to cover running costs.

To add to the problem, the miners fee is about to drop, and will never be ridiculously high (enough to solely cover miners expenses) because that in itself would kill Bitcoin. People wouldn't be willing to pay $5.00 to transfer $0.05 of Bitcoin, would they?

Thoughts?

Some miners in different parts of the world would be able to make a profit. For example in China and India, electricity is practically free, and most miners would be able to turn a profit. On other parts of the world, not much can be said.

Currently, there are 2 types of rewards that miners receive, block rewards and mining fees. The block rewards will slowly become less, due to the ever decreasing amount of available blocks to be mined. So the only alternative that can be done, are to increase the mining fees, and that will most likely be really bad for the everyday users of bitcoin.

Well, I guess we will have to cross that bridge when we get to it.
2971  Bitcoin / Bitcoin Discussion / Re: what determines the value of BITCOIN?? on: July 20, 2017, 12:52:18 AM
Hi folks,

As a newbie of this group,  i would just to clarify things with regards to the factors or what are the reasons why bitcoin will increase or vice versa. How can I determine the value of the bitcoin? Is it the prices of cryptocurrencies are driven by the laws of supply and demand—if more people want to buy, prices increase; if more people want to sell, prices decrease. Due to the nascency of and uncertainty surrounding cryptocurrencies (e.g., regarding regulation, technical challenges, enterprise adoption), supply and demand fluctuate wildly and hence, prices become volatile.
thank you for the enlightment!
Happy earnings! Grin
camsicuya



You have kinda answered your question by yourself there.

Supply goes up, price goes down. Supply goes down, price goes up. Demand goes up, price goes up. Demand goes down, price goes down. But one thing that has not been mentions was how media attention effectx bitcoin. The more people who know about bitcoin, the more people search for bitcoin on the web and therefore the higher the pice of bitcoin becomes. Also FUD can lower the price of bitcoin.
 
2972  Economy / Speculation / Re: What will be the maximum cost of bitcoin in 2017? on: July 19, 2017, 10:57:21 PM
What do you think?

With the current state of Bitcoin, it seems to be around the 2.3K mark. Bitcoin will be heavily affected by the hard fork that will be coming on August the first. The hard fork can do one of a couple of things:

1. Quickly spike the price of Bitcoin up.
2. Drop Bitcoin below 2K again and from then on it will take a long time for Bitcoin to go back to where it is, or maybe it won't recover and Bitcoin will just die.
3. The hard fork doesn't go through and the price pretty much stays the same

I expect the price of bitcoin to end up around the 3K mark at the end of this year.
2973  Economy / Scam Accusations / Re: Warning !!! BTC-e selectively scamming me on: July 19, 2017, 10:04:58 PM
Did some digging and found that verification is actually optional. The rule itself of inactivity will block your account is just bs in itself. What if I had 3 btc in my account from 2013 and I wanted to sell them now. Pretty sure they have no right to do this and this might be worth reporting. In the next try store your coins in a more secure place.
2974  Bitcoin / Bitcoin Discussion / Re: How About this kind of "Physical Bitcoin"? on: July 19, 2017, 09:38:28 PM
I don't think this will work due to a couple of reasons:

1. It would be a whole new thing added to bitcoin, the price of the coin would affect bitcoin, and also what about the new security threats it could pose. How do we make that physical coin as safe as bitcoin itself, just doesnt seem possible. I think this would be pretty good if done on an ico, not a branch off bitcoin. This idea seems to be pretty good

2. The risk of losing it.

3. What do you need to have to use this coin?
2975  Other / Off-topic / Re: Job Vs Bitcoin on: July 19, 2017, 09:22:36 PM
Hi, I was wondering if I should quit my job and focus more on bitcoins? Because I think it might get me even richer without a job?  Grin
No I wouldn't recommend this since bitcoin is more of a part time job (unless your developing an ico) and even though I think some people can make a living off this forum (signature managers, big escrows). Just work and do bitcoin stuff in the meantime, right now bitcoin is not able to support someone since the prices always change and there aren't many job opportunities that pay in bitcoin.
2976  Bitcoin / Bitcoin Discussion / Re: Being Unemployed Drives People to go to Bitcoin on: July 19, 2017, 08:33:11 AM
Weeks ago, I am discussing Bitcoin to my sister and my future brother-in-law (then) When they got married recently, both of them were unemployed and have been trying to get a job immediately after their marriage. Up until now they have no luck. My sister then decided to talk to me about how do I earn Bitcoins. I gladly explained it to her and then she decided to do it too. She was so happy that she is already earning bitcoin and had some extra budget while they are both unemployed. And now, she is so eager to learn more how to earn more coins.

Being unemployed drove her into engaging to Bitcoins. Maybe some people are like this. They grab Bitcoin when they are in need of money. And since that these people are now engaged in Bitcoin, I am sure that they will stay in Bitcoin and treat it as an investment even though they will have a decent paying jobs in the future.

Bitcoin is an easy way to make money and anyone can use it as a way to make money. On this forum alone you can join signature campaigns, become a freelance writer, a coder or a graphic designer. Bitcoin is a good opportunity for a simple part time job and some people can even turn it into a full time job. I think bitcoin really does help unemployment, especially if that person is skilled in some areas.
2977  Bitcoin / Bitcoin Discussion / Re: what will happen when global Bitcoin supply reaches its limit? on: July 19, 2017, 03:59:35 AM
Bitcoin is like gold in the real world, and like a valuable thing, Bitcoin can not be created just like that. Gold must be mined out of the ground, while Bitcoin must be mined through digital means. In connection with this process, this is a provision established by the founder of Bitcoin and the goods are quite limited.
If you know, there are only 21 million total Bitcoin that can be mined. Once the miners have opened up a lot of Bitcoin, the supply will inevitably run out, let alone the Bitcoin protocol changed to get a larger supply.

Well, the question is, what will happen when global Bitcoin supply reaches its limit? Shocked

Have you heard of supply and demand? If the demand for and item goes up, while the supply remains the same, the value of the items will rise. For example ledgerwallets are no longer available until September due to populate demand. After bitcoin runs out, the price of it will skyrocket and one  satoshi will probably be worth a bunch. The smallest units of bitcoin will probably be worth quite a bit. Can't wait for that to happen.
2978  Bitcoin / Bitcoin Discussion / Re: what will happen to my coins in blockchain.info on Aug 1 on: July 18, 2017, 11:30:34 PM
Im a bit afraid since 1 augustus is coming quick right now.

I have my coins in my blockchain.info web wallet for over 2 years now, I have my private keys and my account is 100% secured & verified.
All my coins aren't in a imported wallet adress.

Also, will blockchain.info choose for me on what side I'm coming when the split happens? (>Could this be bad?)

I'm new to this whole thing thats going to happen on August 1.

Let me know!

Shawn



Since you do have access to all your private keys, you should be safe, just try not to make any transactions until August the first, since it might be unsafe until that date. No need to worry, you did well saving your private keys, although I would totally recommend swapping wallets to Electrum or a form of cold storage. They really are safer and more convenient and you already have your private keys so it should be quite easy to import wallets for you.
2979  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: July 18, 2017, 10:49:45 PM
Seems like everyone is talking about the gambling aspect of chipmixer and I'll add my own input.

There are 2 aspects that adding gambling your chips can bring.

1. Further anonymity, say you deposited 0.05 onto chipmixer and then bet 0.01 of that and came out on top, you would be leaving with 0.06 and that would be harder to track than just putting 0.05 in and taking the same amount out.

2. It is fun and adds an aspect of gaining coins with mixing. Just don't bet all your coins.
2980  Economy / Speculation / Re: Crypto currency is a soap bubble that will soon crash? on: July 18, 2017, 10:09:55 PM
What do you think?

You waited 8 years to come on this forum, to say crypto is going to die? Haven't you seen the amount of alt coins being made and introduced. Haven't you seen the price of bitcoin? Unless segwit kills bitcoin, there is no possible way bitcoin die. Trying reading and learning about bitcoin and then come back with an argument.
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