Bitcoin Forum
May 25, 2024, 10:28:00 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 »
301  Economy / Trading Discussion / Re: Are you wondering what's happening with bitcoin? on: February 01, 2018, 03:41:42 PM
It is not just a matter of panic sellers and new traders being deceived by whales but also the round of FUDs that is influencing Bitcoin's price to go lower. With most of the problems that Bitcoin faced during the past few months like network congestion and exchanges forbidding new registrations, it was anticipated to get back onto the higher side of things which isn't the case currently. The eventual turnaround is bound to happen when the demand soars like crazy and prices can be expected to soar.
302  Economy / Service Discussion / Re: coinmarketcap VS worldcoinindex on: February 01, 2018, 02:10:49 PM
Here's the catch: Neither sites mention the sources from which they derive the price of tokens from and just end up penning it as 'based on an average from various sites'. Since there is measurable variance in many listed coins as compared on both sites, both of them can simply not be used as a reliable source for pricing. Referring to multiple exchanges for the latest price would be the way to go rather than looking up the above sites but for general purpose reference its just fine.
303  Economy / Gambling discussion / Re: How Was Your Gambling in 2017? on: February 01, 2018, 01:11:40 PM
2017 was pretty grim for me as I lost a good chunk of the signature campaign money in casinos during the first half of the year. At least I can proudly say that I rebounded during the second half, recovering most of the lost fortune and getting back on stable terms. Got a hang of the 'keep going' greed which used to drive me all the way till I ended up losing everything and can control myself from gambling money away.
304  Economy / Economics / Re: Bitcoin, how far it can go! on: February 01, 2018, 12:42:18 PM
In 2018, we are having a lot of issues relating to cryptocurrencies and most of these issues are regulations and governments trying to centralized Bitcoin by establishing control over it.

This has been a struggle ever since Bitcoin became famous after it breached the $1000 mark a few years back and most of the attempts at bringing it to a regulation have been laughed upon as it is impossible to do so. Centralized banks of many countries (federal and reserve) have tried their best to take authority but all the efforts have been futile thus far.

I am thinking if Bitcoin can actually fight on as we can see from the pricing of recent that Bitcoin has been dropping and it is finding it difficult to recover. How far can Bitcoin go? Has governments using the tools' of regulation to control Bitcoin pricing working for them?

Currently, Bitcoin is finding it very hard to gain any sort of traction as most of the news surrounding it have been pretty gloomy. Remember when it went as high as $20k? It was all good news and praises with more support pouring in from most of the world.
In my opinion, we're in for a tough first quarter this year and things will only get better as we proceed towards the second half of the year when prices will begin skyrocketing again.
305  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin 2.0 on: January 31, 2018, 05:34:35 PM
Why would you create a coin and call it Bitcoin 2.0 or BitcoinZ basically deriving the main word? Makes no sense since this is going nowhere just like most of the recent hard forks which hold no value at all. What is the whole point of increasing the maximum supply and having faster block generation when nobody is going to use it anway?
Addition of smart contracts system seems to be the only unique feature offered by the project but then again, this can only be implemented if the currency is being used widely which isn't the case.
306  Economy / Trading Discussion / Re: $300 into a million? Possible? on: January 31, 2018, 04:19:34 PM
I saw some youtube videos claiming that you can make a million USD in a year starting with $100-500 only, is it really possible? Specially for a newbie like me?

Entirely possible with the highest level of patience and dedication. Taking a three figure amount and turning it into seven figures within a year is no easy task but with a mix of luck and right choices, it could be done.
The first step you need to do is begin gaining experience of market trends and don't just stick to one or two altcoins. Once you get a grip of the market, you will able to judge tokens based on the risk and reward. With perseverance, a stern head and giving enough time on a daily basis, this could be pulled off.
307  Bitcoin / Bitcoin Discussion / Re: The Twitter account @Bitcoin has mental problems? on: January 31, 2018, 03:20:50 PM
Noticed it recently myself and since Bitcoin had no official Twitter account for announcements other than the Bitcoin Core itself from back then, this @Bitcoin account was most likely traded somewhere within the black market for a huge sum. Also, it looks the buyer was closely related to the Bitcoin Cash team in some way as most of the tweets being made are promoting BCH and the rest are rubbish spam.
308  Economy / Economics / Re: When will Apple accept bitcoins? on: January 31, 2018, 01:43:03 PM
At this point when big players are in a bewilder, retracting Bitcoin as a payment option until it completely stabilizes and the whole volatility concern is debunked. Even if all the criteria is met, I highly doubt Apple would accept Bitcoin as they have their own options and resorting to cryptocurrencies would be a kind of like a setback among all other big corporate players.
309  Economy / Trading Discussion / Re: What is the main reason for the bitcoin price? on: January 31, 2018, 11:42:03 AM
There are multiple factors that directly affect the price of Bitcoin with the main ones being supply and demand ratio, news and happenings around the world about the crypto industry. While the former is always a back and forth game with big sharks having their hands deep, the latter is a mixed bag of truth and false, and most of the false news is based on seemingly convincing manipulations.
310  Bitcoin / Bitcoin Discussion / Re: Facebook bans Crypto Ads - Bitcoin Falls on: January 31, 2018, 06:32:49 AM
Definitely a contributing factor in the recent price decline of Bitcoin. As more and more ICOs have emerged to be scams in recent times, it becomes hard to invest as nobody can be sure if fundraisers are legit or not.
The move by Facebook to completely ban ICO related ads comes as a welcome move as it is a platform with high exposure potential and they do not want their users to be victims of scams.
311  Alternate cryptocurrencies / Altcoin Discussion / Re: more newly emerging coin, will bring a positive impact or negative effect ? on: January 30, 2018, 06:08:11 PM
Depending upon the new projects that are coming up, it could have either positive or negative impact. But looking at the current scenario, it looks all gloomy as a lot of coins are being created without any proper purpose or set goals, leading nowhere except filling the owners' pockets.
On the other hand, there are a few decent projects which can be successful, given time to develop to their fullest potential. These tokens are the real outcomes of high-level developments in the altcoin field that are having a significant impact on the users which continue to use them to the fullest.
312  Economy / Marketplace / Re: Regulating body for cryptomarket on: January 30, 2018, 04:25:31 PM
In stock market the one control in the price of stocks is the country Stock Exchange, how about in crypts who regulating the price of the altcoins in the market? Who set the ceiling price of the altcoins? Who tell that this particular coins are worth of this?

There is no particular authority governing the price of cryptocurrencies as the price variations is mostly based on supply and demand in the market. Unlike traditional stock exchanges, there is always a noticeable difference in price from exchange to exchange and this is seen due to the decentralized model of cryptos which allows various services to list prices for coins as they wish.
313  Economy / Economics / Re: CRYPTOCURRENCIES as the centralized TOOL to CONTROL the WORLD on: January 30, 2018, 03:34:43 PM
It is not a secret for those who want to realize that the control of the world is centralized in powerful and influential families that can control the economy of even a continent, and with capitalism, controlling the economy you can control any sector.


This is very much true to the extent that in many nations, dominant families have retained and excised power based on hierarchy while being centralized in terms of functioning. A decentralized digital currency like Bitcoin could disrupt the economy of the entire nation with no power left behind to the ruling party/family as the common folk begin to possess control.

And if in reality someone knew how to hack the blockchain?


 
Hacking the blockchain wouldn't be mathematically possible as it would require more power than what all the Google servers in the world could deliver. Given that there's enough time, we'd already be millions of blocks ahead already and it wouldn't matter at all, so the 'hack' theory is pretty much ruled out.
314  Economy / Gambling discussion / Re: Shyness in gambling on: January 30, 2018, 02:30:49 PM
Personally, I have never played at real casinos and I don't think I would be shy if I ever did. Maybe I'm going to have an ordeal experience with a few hiccups during the first few times at the casino as suggested by many replies here, lets see how that goes!  Cheesy
Playing on online casinos is a completely different experience altogether as the only human interactions would be on a chatbox with people typing on their keyboards. There's no shyness to this at all, as it is not at all necessary to reply to anyone and having the chatbox closed would be a bonus getaway.
315  Alternate cryptocurrencies / Altcoin Discussion / Re: John MacAfee - A scam artist? on: January 30, 2018, 01:45:16 PM
Rather than calling him a scam artist, I would title him as a 'headline manipulator'. Ever since he entered the altcoin scene and began calling shots, no wonder did a larger majority of investors lean towards his side of things. Having his first few calls being largely profitable, people began following him and this put him up on a pedestal, above many experienced predictors.
Having sort of a grip of things given to him by his so called followers, he is making use of this in order to reap in more money for himself and this will continue to happen as long as he keeps his followers deluded to think that his predictions are highly accurate, which is not always the case.
316  Bitcoin / Development & Technical Discussion / Re: Why are transactions much faster now? on: January 30, 2018, 11:48:03 AM
It's quite simple to be honest, as more users adopted segwit and also with lightning network going live, the blockchain was relieved by a huge margin. This led to faster confirmation times with the fees being lesser than what it was, when there were over 200k unconfirmed transactions and piling in the mempool.
Also, as shown by statistics, there has been a major surge in hashing power over the past few weeks and this is a big contributing factor as faster blocks mean faster conformation times.
317  Economy / Trading Discussion / Re: Hello people! I have a million dollar question!)))) on: January 30, 2018, 08:51:08 AM
More like a billion dollar question as Ripple's market cap is in multiple billions, but I don't see it recovering almost half of its market cap which it lost due to the eventual downfall of the altcoin market. The hype train was highly detrimental as it eventually went down to less than half of its peak value and almost everyone who invested during the time got a brutal setback in their portfolios.
318  Economy / Economics / Re: With Hackers everywhere, How safe is Cryptocurrency? on: January 29, 2018, 03:06:46 PM
Its no longer news that an ICO in Japan has lost over $400 million to hackers.

Pretty sure it was an exchange which was hacked and not any sort of ICO.

How safe is Bitcoin and Other altcoins?

By code, it is almost invulnerable to hacks or breaches as explained in Satoshi's whitepaper. Yet, users are still prone to client-sided breaches due to security lapses on third party software/applications.

What measures should we take to avoid being hacked ?

For storing coins, simply use the latest version of secure wallets such as Electrum or Multibit and make sure your seed/password/recovery phrases are safely backed up offline. Hardware wallets like Trezor and Ledger are also great alternatives in this situation which provide the highest level of security.
As a tip, avoid storing coins on exchanges as these are always major targets of hackers. 
319  Bitcoin / Bitcoin Discussion / Re: How to Stop Bitcoin's Ban Speculations? on: January 29, 2018, 02:34:48 PM
Most of the times, it is national governments who get into the fray due increased use of Bitcoin in the country. As the cryptocurrency itself is based on a decentralized model, it is safe to say that central and reserve banks of countries are pretty much on the back foot being centralized by nature themselves. Hence come the ban speculations from countries which is just another source of FUD and something that could barely happen as the actual push is to regulate Bitcoin trade within the country.
320  Economy / Services / Re: Eroiy.io Signature Campaign(Higher rewards for users with merits) on: January 26, 2018, 04:10:31 PM
Btctalk name: 13abyknight
Rank: Sr. Member
Current post count: 831
BTC Address: 1FE5KNjoja5VtHK7FYi9yQmifx9QnkS64t
Wear appropriate signature: Yes
Wear avatar: Yes
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 [16] 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!