that is the beauty of bitcoin. the anonymity! while bitcoin is not anonymous, it is anonymous Satoshi Nakamoto is like the symbol of it all. you can see first from his identity and second from not knowing how much bitcoin he owns. you can only guess. and that is what people have done, they guessed that Satoshi has 1 million bitcoin. but in reality it may be a lot less since bitcoin was open to many and they indeed mined it even for fun to test the network and see how it works. There have been some really good quesses: https://bitcointalk.org/index.php?topic=507458.0That pattern makes it possible to know which coins are highly likely Satoshis coins. very interesting topic, thanks.
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Didn't Satoshi have 1Million BTC? or that was bullshit :O
that is the beauty of bitcoin. the anonymity! while bitcoin is not anonymous, it is anonymous Satoshi Nakamoto is like the symbol of it all. you can see first from his identity and second from not knowing how much bitcoin he owns. you can only guess. and that is what people have done, they guessed that Satoshi has 1 million bitcoin. but in reality it may be a lot less since bitcoin was open to many and they indeed mined it even for fun to test the network and see how it works.
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I was expecting it to happen this week before the bitcoin gold fork. it is still possible to see it happen a week after it too as the forks comes and goes and people come to new money to invest in bitcoin. but the struggle will probably start and becomes harder as we get closer to the next fork which is the SegWit2x one. it will surely have a lot of FUD and people will start fearing like always. the market at times like this can not rise.
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Cryptocurrency transactions have grown to $6 million DAILY from $2 million to $3 million a few years ago, according to Central Bank of the Philippines deputy director Melchor Plabasan.
"It's like any other monetary instrument. There are risks but essentially, it can be managed. If you want something that is fast, near real-time and convenient then there’s the benefit of using (cryptocurrency)," Plabasan said.
prove me wrong but this doesn't seem at all like "bitcoin use". what the central bank says is the money that is flowing into bitcoin, possibly the money that people deposit in their exchanges to buy bitcoin with. in other words people are investing more in bitcoin and they may very well have sold already and gone back to fiat. even those figures may be half the money that goes in and half the money that comes out. and that is why that article is talking about "regulations" and possibly taxes in the end. when you talk about bitcoin usage it implies usage of bitcoin as a currency. and for that you should count the transactions that people make on bitcoin blockchain.
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Ethereum is a very good example to cite in topics such as this. That the president of Russia invite the ethereum founder is only a confirmation that it will be adopted in less than no time and besides its other functions.
Putin never had any more contact with Vitalik than he had with the rest of the people who were present there in that day. you are misinformed by a twisted news which ETH bag-holders love to spread. the fact is that Putin was just visiting and Vitalik explained who he was and what the hell he was doing, like the rest of the others who were there It is not out of the picture to say that nations are now copying bitcoin to creat their own digital currency.
it is a little out of the picture because they have been doing it for a long time. and this is not news.
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just the fact that you can mine it, alone doesn't mean it is going to also be profitable.
it depends on a lot of factors. most important of all is the price of Bitcoin Gold. then the cost of the mining, which is mostly the electric bill that you have to pay and the investment you have to make in the equipment. so you can't really say "... mine a lot of money..." unless you see how much BTG is going to be traded at.
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of course there is a lot of innovation in other altcoins. sometimes even such good ones.
but tell me this, which one of these so called "innovative" altcoins have achieved anything so far? show me a shop in real world that accepts these alt-coins if you can find any! you see, a feature that looks good doesn't have to be useful. and so far it has been proven.
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My goal is to make 50 bitcoins in a year starting tomorrow. It may sound crazy to most but I do believe it is possible.
it is not that crazy, I also believe it is possible. in fact I also have a plan like this to make a large amount of bitcoin in the near future. although my plan is to increase my monthly bitcoin income through different methods including trading. my goal is 2 BTC per month as a start and to move up from there. in case I were successful I will share everything here too. I would absolutely love to know. If not, why wouldnt you? Any insight or feedback on what you would personally like to see would be much appreciated.
yeah, I would love to see something like that as long as it is honest sharing not an attempt to pump what you bagholding. and I have seen quite a lot of them so far, people say they are just sharing their trades by in the end you see they were bagholding some altcoin which they wanted to get rid of.
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you are just lucky to have 17 btc why you would sell it I have no idea
as i said before i tought i would sell them for 4968$ and rebuy at 100$ less you have to make a plan before even buying bitcoin. not just buy for the sake of it and wish to make profit. the plan is either to become an investor who buys and hoards and holds for years until mass adoption and you keep adding to that amount every time you can. and you should ignore all the price fluctuations until that day. or the plan should be to become a trader. in that case you will make mistakes like this, selling at x and price rising. mistakes are inevitable and we all make them but what you do after making that mistake is important and makes the difference. you could have prevented missing out by buying after you saw the strong rise from $5000 towards the ATH.
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4% per year s not that attractive option anyway. Especially if you do not control your private keys. I d go with something where you can profit and still have your keys stored in an offline wallet.
How can they use those coins though? They're offering investments to increase their portfolio. Some of the coins will be spent in this process. Otherwise it's free money, not and investment. I believe "crazyivan" is talking about something else here. probably what he is advertising in his signature called DMD Diamond and if I understand it correctly it gives you staking reward for the amount you hold. it is similar to the profit you gain here. I have to check the website for more details but it would have been great if he explained more himself.
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don't bother with cloud mining ever. when you ask about cloud mining everyone's mind goes to scams and Ponzi schemes first. and that much is obvious but also the legit ones are useless too. they are not really a good investment for your money. you are putting your bitcoins at risk just to get a small return like drops from a faucet which take forever to reach ROI. Can anyone recommend a good site to start cloud mining sites for free?
there used to be some a couple of years back, and I even made money from them. you just signed up and they gave you GHS for free. but I have never seen any of them around for years.
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I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
people have a lot of different reasons for selling. for example traders, are always buying and selling at all times and at all prices. if price goes down they sell to be able to buy more bitcoin at the bottom. but they sell fast and they do it at the start of the drop to be able to make profit not at the bottom. others sell out of panic. usually it is because they are not familiar with the market, and don't know what they are doing. also sometimes it is because they didn't buy $100 worth of bitcoin, they instead bought more than they could afford to lose and panic because of that.
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* forks that you hear about are either for fixing an issue, like the hard fork that happened in Satoshi era when some bug caused an invalid block be mined with a huge reward. * or they are to improve or add a feature to bitcoin such as the SegWit fork or the fork to enable multisignature transactions. neither of these two can be "combined" in one fork. they happen gradually and as future time demands them.
* forks that others do to make an altcoin. such as the hundreds of forks from bitcoin that created altcoins. even the Bitcoin Cash, Bitcoin Gold and possibly lots of others in the future. these forks are also not "combine"-able in one fork. people do them on their own to make a new altcoin with different purposes. sometimes it is to explore new possibilities (such as Litecoin,...) sometimes it is just to make money or even attack bitcoin (like bitcoincash)
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you do know that a trading bot is not a magical tool that you just click a button to earn money, right?
a bot is just something that makes things easier for its user, adds automation, and does things at times that you can't like watching the market and executing orders 24/7 even when you are asleep, and also does the calculations and analysis of the market automatically and fast.
however the choice of the market, the strategy, setting up conditions for different scenarios,... are all on you as the user of that bot.
my guess is that you used CAT and GUN bots on wrong markets at a wrong time. these two bots have specific strategies that you need to understand them first before being able to make profit using them. and at the current altcoin market which everything is getting dumped hard, their strategies won't work as well as before.
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As the price of BTC is increasing on an upward trend and falls only by few bucks, short-term Alternative Coin traders are crying blood. I believe it is due to the upcoming fork. How many more forks are we expecting in the future? It seems that through forks they are pumping the price of btc and once the price becomes stagnant they will start another fork.
the upcoming forks are ** the Bitcoin Gold fork which most people don't even know about to want to do anything about it. but there has been some small effects on the price. obviously some people know and buy because of it but I'd say it is about 10% of the reason why the current rise happened. ** the SegWit2x fork that one actually is not going to be happy rise at all. I even expect fall because of it but it has not yet started because there is some time left before people start spreading their FUD about it. let 10 more days come and go and I am sure the FUD campaign will start all over the media and price can fall because of it.
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which hard fork is it you are talking about? the bitcoin gold one which is in about 10 days now, seems to have a positive effect on price and it is driving it high. although I believe it is not the only reason for this rally but also I say it has been a factor. and it will continue on this path and it is possible that we see the $6000 be touched. the bitcoin SegWit2x fork is a different beast. I think it can have the reverse effect. as in causing a drop like the bitcoin cash (or the UASF SegWit split threat) caused. if we can get over that successfully like before I don't see anything else in the future can cause a similar threat to bitcoin price.
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Some governments and banks are issuing cryptocurrencies as they have realized that cryptos market is becoming too important to turn their backs on them. Some examples:
none of these you listed here are new. some of them have been around for a while, some have been projects that started new but have been in development for a longer time. the banks have been working on blockchain technology for a while now. they know it is a strong and very useful technology for their banking systems. How do you think this will affect bitcoin market? Some people will only use what their government tells them is legal. Do you think it will have a big impact?
mostly they are using blockahain technology, it doesn't mean they will release tokens/coins you can trade. it means their systems will be upgraded and their money transfer security will be improved greatly. things like that. and even if some of them like the Indian Lakshmi or the Dubai thing release a coin, it still wouldn't matter. they will be centralized. and nobody will give up the decentralized and scarce bitcoin up for them.
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after price breaks the $5000 resistance and then also goes as high as $5800 and even after the correction price still resides near the $5700 price and these "experts" say it is headed to $6000! NO SHIT! it is only $300 rise which is less than 5% rise which is nothing in bitcoin standard. and they say it is "headed" that way which is like saying sun comes out from the east.
these "experts" would have been "real experts" if they could speculate about this price before the rise started. or at least at the beginning of the rise when price was at $4500 not now.
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Recently, Bitcoin broke through $ 5,800, setting a record high in recent years, and Bitcoin became the biggest concern of the currency sector It is said that some people mortgage their own house loans have hoarding Bitcoin, we can see how much the impact of bit coins on people's investment behavior, its value should not be overlooked It is estimated that the future will be a bit as the core to open a coin investment era.
bitcoin, like any other investment will attract all different kinds of people. some take lesser risks, some take bigger ones. some succeed and some ruin their lives. that is only human nature. the type of people who take mortgages (first or second mortgage) on their house would have done it even if it weren't for bitcoin. I actually knew a guy who did that to invest in some pyramid scheme (one of those so called companies who you pay some money then fool 2 others to pay some money then they fool 4 others to pay some money and so on). in the end it won't change a thing either for bitcoin or for the world. economical wise.
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What will happen after the fork? Will it decrease and stagnate round 5?
price will go down and up, then down and up again, and then when you think it is over it goes down and up again. and will continue going up like this for a very long time until the mass adoption is reached. sometimes these down and ups are fast and big and sometimes they are small but the up part is always bigger than the down parts which is why the total result is always rise. this is how bitcoin chart looks like:
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