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301  Bitcoin / Bitcoin Discussion / Re: Worried about btc future on: January 12, 2018, 12:06:25 PM
I see a lot of optimism about bitcoin, which is understandable seeing the price recently.
But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:

-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.

Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.

All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.

If you have been holding since 2014, you should already know that these things have been expected to happen ever since. I don't know why did you not worry about them before and did not realize that you should be holding other coins as well just so you would be safe if ever bitcoin really goes down. It's good to buy ETH at an early phase but you haven't yet. While holding bitcoin, you should still check out new coins that might have a solid road map and ETH is one of them. Unfortunately for me, I was just new here when ETH came out and I did not really pay attention to it. I thought it was just like any other altcoins out there and so I didn't buy any ETH at all. I would be a millionaire today had I bought ETH.

I don't really worry that much about the future of BTC just because we don't live in the future. We live in the present. It's a cliche but whatever. You will always be depressed if you think about the future. What I do is that I cash out some money now and made something from it so even when bitcoin totally goes down, I'd have something for myself. I already made money from bitcoin and I've already bought good things from it which is more than enough. I think that you should do the same thing too so even when bitcoin goes down, you know you already have too much with you although it will still be best if bitcoin will be stronger than it is today.
302  Economy / Services / Re: Jibrel Network Signature and Avatar Campaign(FULL) on: January 12, 2018, 10:31:49 AM
What's the update on this? No news, announcements or payments for the last couple of weeks.

This campaign is over for a couple of weeks. Or do you mean the tokens?

Payments were sent to those who qualified. This campaign is over you may remove your sigs. I'll be turning in the spreadsheets to the owner and see when tokens will be distributed.
303  Bitcoin / Bitcoin Discussion / Re: Can any government ban Bitcoin? on: January 11, 2018, 04:19:00 PM
Yes! They can ban bitcoin, because bitcoin doesn't pay taxes in the government that's why the government are angry in the bitcoin but when the people pay taxes the government will allow it.

They really do can put a ban on it but they are never going to be able to actually ban it. There will always be bitcoin users in a country. There will always be VPN users and it will rather be shocking to see an ISP giving your Internet history to the government just so they can catch bitcoin users. I think the government sees bitcoin transactions are pretty much just transactions that are not announced to them. But how is that different at all to other transactions going on. I mean the transactions that we do that we don't really declare. Like if someone mowed your backyard and you paid them $20, do you really declare that on your tax statement? I think it would be so hard for an individual to keep track of all these transactions.

But of course these are not a problem to the government at all since they are mostly in small denominations. On the other hand, there surely are other people that are not bitcoin users that aren't paying tax at all. It becomes a big deal to the government when an individual is getting all of his money from his cryptocurrency earnings so I wonder how are the other online workers any different. Those people that are selling bugged digital goods and other stuffs on the Internet, how are they not banned.

How are they angry to bitcoin users but not to online workers?
304  Bitcoin / Bitcoin Discussion / Re: I need an opinion on rejecting a job offer or crypto on: January 07, 2018, 03:15:41 PM
I feel like some people are having the wrong idea about how much money you can make in the crypto world. Some people are probably thinking that you can earn as much as other people right away. This isn't an overnight thing. The people that you see on Facebook that are making real money from crypto are people that have experience in this place for at least 6 months. You can't earn anything before that. Of course you can easily adopt in this environment faster than other people if you are an Internet guy (someone who spends most of his day on the Internet).

1K USD for a month (I'm assuming) isn't that much. You can easily make that in crypto but it honestly requires a lot of experience. You have to combine multiple sources of income such as mining, trading, and doing signature campaign to be able to do that. But, at the end of the day, you are still your own boss and you don't have to pay for any tax. You can work at the time that you want without someone shouting at you. Plus, a job like this has you more chances of having a salary raise. When you start trading, your earnings have become reliant on how good and how lucky you are. It's not fixed but as time goes by, your earnings surely are going to increase.

Reject the job offer only if you can afford to live for the next months without having any income going to you.
305  Economy / Economics / Re: Do you think the Xmas and Holiday season, caused the drop in the price? on: December 31, 2017, 06:00:52 PM
I honestly think so. People are forced to give presents to each other just because of the day the Pagan said was holy or remarkable or whatever. I, myself, have sold bitcoin in such a low price just so I can buy things before Christmas. I don't really know "why", there's no sale or whatever but it's like we are forced to use all of our money during the holidays. There are even ATMs in my place that are running out of cash to give to the people withdrawing from it.

Most bitcoin users are all about holding their coin and not even selling it. So the market movements that you have been seeing are probably just bitcoin users that have had emergency and of course the people that are trading/manipulating the market. Since during the holidays, most bitcoin users will be withdrawing their money (I used "most" not all because some are going HODL forever). That, added to the other factors that's affecting the price of bitcoin to drop has caused this. I don't think this is going to go up anytime soon though until the holiday season is finally over.
306  Bitcoin / Bitcoin Discussion / Re: Is It advisable to quit my present job for bitcoin? on: December 29, 2017, 03:39:09 PM
I think it is advisable to quit any job in exchange of a better job. Is going full time on bitcoin the best choice that you have? You wouldn't be earning anything from bitcoin at all in the start especially if you know nothing about it or don't want to put any capital to it or both. Everyone started off slowly except for the few cases when a newbie comes in and has a great grasp of community and thus understanding the concepts pretty easily. There are also times when newbies have someone backing them off and answering their questions right away instead of having to google them.

Living in a first world country will make you realize that a day job does not really pay off the bills. You will be living from paycheck to paycheck just like everyone else. Before going full time on bitcoin, make sure that you have the skills to make more than the amount that you're making from your day job. Because otherwise you will die starving.
307  Bitcoin / Bitcoin Discussion / Re: What Are Your Greatest Fears As a Bitcoin Holder? on: December 28, 2017, 07:19:43 AM
Greatest fears about holding bitcoin:

1. Getting hacked. I don't really worry that much about this because I know how to make my wallet secure but you are still going to live by the fact that you might still be hacked at some point for some reasons. You are never safe.

2. Getting my private keys/seed stolen. Which is pretty much getting hacked. We've all written our seed on some paper just because we can't just forget about it. We need it for recovery. At the same time, someone can find it in your house and just get your hard-earned bitcoins.

3. Having some taxation about cryptocurrency cashouts. I know that there are actually countries where you are required to declare what are your bitcoin addresses but they are actually taking taxes from the cash outs that you had. It's 25% of all those money and you have to pay taxes for all your cashouts for the whole year one time. That's not yet introduced in my country but the chances are pretty high since others are already doing it. The thing, though, they can simply bump up the percentage that they are taking from your cash outs. Like, 32% to make it same as income tax but they can still increase it.
308  Bitcoin / Bitcoin Discussion / Re: Most peoples who bash on bitcoin are just mad on: December 28, 2017, 07:04:29 AM
Mad because :
1. They can't afford bitcoin.
2. Too late to the trend, they are jelous of peoples who get into the trend long before them so that those peoples earn more than them.
3. They want to make peoples leave bitcoin and chose other digital currency which they have bought with the intention to raise its value, greed are disgusting when are too much that you do anything to get what you want.
4. Etc you can think of.

So don't mind those peoples, only sell your bitcoin or buy it when you see profit.

Well, people hate what they are afraid of. They are afraid that bitcoin will continue to increase its price and they would continue to be living the way they are living their life while some of their friends are already enjoying the profits that they are getting from bitcoin by working last year to get some. You are a little late when you are just about to start earning bitcoins now because it has skyrocketed already but you are not too late.

In psychology, when someone succeeds in something that you don't care about, it's alright. For example, if your friend is succeeding in photography and you are into singing, you don't really care. But when your friend is succeeding in singing and singing is your thing, it's really hard to not to feel envious about it because they are outshining you. This is very hard especially when you're working on it for a really long time and then someone comes along and just made it to the point that you've never been to before.

The thing, though, everyone wants to become successful financially and bitcoin users just went ahead of almost everyone. Another thing is that it's the millennials or the "kids" that has been earning a lot from bitcoin because they are the most tech savvy of all and the previous generation is pretty mad about that. Roll Eyes
309  Economy / Economics / Re: Bitcoin Will Change Everything on: December 28, 2017, 06:49:32 AM
We are entering in the new type of economy where price predictions are not possible any more because productivity and prosperity of humanity will rise to the new golden age level. Bitcoin will go to 1 million dollars in 2018 and is being used by central banks as a global stardard ledger - dollar will fade slowly those who buy now will become the new wealthy elite.

I don't know about that because something might be about to hit us straight up to our face and we just haven't realized it. Bitcoin or the blockchain technology has the possibility to change the way we do things especially for things that involve transacting with other people. On the other hand, it's still too early to say something about bitcoin's future. The only thing we can do is wait for it to actually happen. We can anticipate both things because there are only two scenarios that can happen at the end (or at least at the end of our lifetime that we can witness).

The first one is bitcoin actually being successful. Obviously you wouldn't be so sad here but what you have to do is actually save some coins. The second one is bitcoin falling down. If you have saved bitcoin, you would be devastated. So you have to be in between of saving coins and getting rid of coins.

We are not so sure about dollar's future because it is a traditional currency. People are looking after it and duh, America is a dominant country so dollar fading out is actually a little unusual unless people have embraced cashless society and moved on to being independent from the government and started using virtual currencies to deal with each other. I feel like this is going to take a long time and we might not be able to live long enough to witness it.
310  Economy / Economics / Re: Time is money, how you manage your money and time ? on: December 23, 2017, 03:08:22 PM
I manage my time by thinking that I am exchanging a day of my life  for that certain activity. Like, if I watch TV whole day, I just exchanged one day of my life for something that I don't really enjoy. Thinking about how limited your time is in this Earth, it really puts things into perspective. You would know that every idle time that you had is just a waste.

Time is very limited but not as limited as your money. Money can easily be acquired if you know how to do that but that's still not that easy because you are going to use your time and effort for that. I barely manage my money now because I am using my time pretty well to make a lot of money and I got that working for me.
311  Economy / Economics / Re: The legalization of bitcoin. on: December 22, 2017, 04:20:51 PM
Do you think if we create an initiative group for the legalization of bitcoin. To find uninhabited island, to announce the collection of funds for its acquisition. Everyone who contribute will receive a piece of this island. Based on the state of Bitcoin official currency of this state to make a bitcoin. Do you like this idea?

if governments make the bitcoin legal, they will want to take advantage of it. various taxation schemes will emerge. also legalization of the bitcoin will cause the value to decrease. Let's leave it as it is.  Grin


True, it will be nothing but another trap from the government. I hardly think that the government is planning something good for us in the future. They are planning something good for themselves. I'm all about being free and bitcoin allows me to do that with my money. The legalization of bitcoin will be the fall of bitcoin. In my country, the Philippines, there's a certain bank company that closes your account when it finds out that your funds all came from bitcoin transactions. I guess it's just a FUD and that certain bank company just wants to scam crypto millionaires or they are just trying to be 100% safe. Regardless, our online wallet has a strong connection with the government and have made sure since the start that they are doing nothing wrong and now they are closing the accounts of bitcoin users.

I don't necessarily care about the bank company itself but I'm a little afraid that the same thing might happen to all of us if this continues. Or maybe it was nothing but FUD because there were only a couple of people saying that it's true and the rest are just saying nothing. I guess they are saying nothing because they didn't really experience anything just yet because if they did, they wouldn't shut up and warn everyone about it nonstop.
312  Economy / Economics / Re: People are extremely biased towards bitcoin. on: December 22, 2017, 03:55:42 PM
Most people here and reddit will defend bitcoin no matter what instead of looking at the problems. Every time someone comments something about the speed or transaction fees they will just yell ''FUD'' or ''Another attack on bitcoin'' but it's not always that. I have been a strong supporter of bitcoin myself but we have to face it, it's not in a good position right now, sure the price is great but what else? Insane fees that are not getting solved any time soon? I know the demand is high but the ones that are buying are just buying to sell eventually not to support bitcoin, not to use it. The demand will eventually fade away and what do we have left? An outdated bitcoin that won't be able to compete with better coins.


I didn't even realize that people respond with "FUD" and "another attack on bitcoin!!" to people who are seriously asking about bitcoin. I don't know where you found those things but I guess you ran across some trolls and thought that was the case to everyone in here. (And I guess you can say that I'm saying that you're wrong AGAIN but..) A lot of people here are actually open about those things and aren't blinded by some light of the amount of money they have been earning from bitcoin. I wouldn't say extremely biased and I would not even say biased at all just because people don't really have to defend bitcoin since they are getting zero benefits from it. It's not like if they were able to persuade someone to buy bitcoin, they are going to get any money from it. I think it's only the beginners who are trying so hard to defend bitcoin and might even go biased about it just to make bitcoin look good. The bitcoin users that are making money from bitcoin for a while now have already realized that convincing other people to think differently about bitcoin is just a waste of time and they could have used that time to make money.
313  Economy / Economics / Re: Your bitcoin experience, how did it started? on: December 18, 2017, 11:36:00 AM
It all started when I realized that I'm very poor but I'm so materialistic. Lol. I was earning on the Internet back then from Paid-to-click sites and referrals and stuff. You know, the "newbie who just started working online" starter pack and I get paid through Paypal. Those earnings weren't enough to feed a student although I'm not really relying on it. I knew at that point that I was still new to all these things and that I would earn more money just like the masters. Time has passed and our little sideline isn't doing well. Scammers are all over the place. You do tasks for them, you refer, you invest, in exchange of getting scammed. We never had any legit paying site for a long time and people are saying that we should check out this forum. We all tried to learn about bitcoin.

I didn't really take it seriously since I thought it's not going to be lucrative. I was just like "okay i'll guess i'll give it a try lol" I guess I would have dropped school and started focusing in bitcoin more if I knew the price would be this high. But my bitcoin experience was the same as most of you guys. Signature campaign, then when I had some bitcoins that I really don't mind losing, I invested on some altcoins.
314  Economy / Economics / Re: Bitcoin for all levels of society, without any difference on: December 17, 2017, 09:56:57 AM
Honestly, even with the fact that everyone who has an Internet connection can access the blockchain, there's still a lot of difference. There's this thing called "digital divide" that surely exists. There are places where there's no Internet connection. There are places that are simply a dead spot for any ISP and trust me still such place exists. Some countries have a really really expensive Internet connection and really really slow connection. The bitcoin users in those places, regardless of how much money they have, can never have a full node running on them. They can't even download bitcoin core. So yeah, it's not just about not having and having Internet connection. The speed of the Internet connection is still a factor that we have to consider.

Plus, poor people surely don't have any personal computer or even an Internet connection. So it's not ALL levels of society. It's like middle to high class only until they are able to solve the Internet connection problems of third world countries.
315  Economy / Gambling discussion / Re: Giving up gambling is not easy on: December 17, 2017, 09:39:16 AM
Most people think that their gambling addiction is a problem but it's actually a symptom that there's something wrong with how you think you live your life. You're simply not living your life to the fullest and you know that you can actually make a change, but for some reason, you're not doing so. All types of addiction are the same. Abstinence might seem the answer but it's actually doing good things to achieve what you actually want to achieve in life. It's the same reason why threads on reddit such as /r/nofap are a total waste of time. They think that you should be disciplined in order to achieve a 90 day streak of not doing the habit that you're addicted to. But it's not.

To give up gambling, you don't have to abstain from it. What you have to do is write down what you think is wrong in your life, make a plan on how to solve them, and actually do your plan. You would feel good enough that you aren't even going to feel like gambling. Basically, since gambling is your way to escape reality and you have created a reality that's good enough for you, then you don't have to gamble anymore.
316  Economy / Gambling discussion / Re: Did you ever lose time from work or school due to gambling? on: December 15, 2017, 02:06:03 PM
Just like in any other addiction, it requires time to do the gambling action. As  your addiction grows, so is the time that you spend gambling. One of the things about addiction is that it creeps up to your daily life. We have that secret life where we do all the bad things and forget all about it once we get to school or once we get to work. Once we're at those places, we simply put our mind into "work mode". You will know that your addiction has grown so much if you're running late to work. Once or twice is okay but if it's happening consistently, then you might want to get checked up by a specialist. Unfortunately, it's not really an option for most people since there are places where there aren't specialist about gambling addiction or any other mental illness.

Yes, I just called your addiction a mental illness. Why? Because it is.

I've lost time for work or school because of another type of addiction, but not gambling. I don't gamble anymore but I do remember gambling a lot in the summer. There wasn't school at that time so it didn't really affect school but it did affect my daily life. I'm late for the day. I wake up really late and of course I'd be able to start the day really late.
317  Economy / Services / Re: [SIGNATURE CAMPAIGN] TRUCKCOIN [CFNP] on: December 15, 2017, 04:33:16 AM
What about Junior Member? I have seen others but didn't see Jr member

0.014 for hero/legend
0.008 for sr. Member
0.002 for full members
0.0009 for members

They aren't accepting Jr Members. Refer to this table (link) if you want to easily find a campaign for you.
318  Economy / Economics / Re: Bitcoin reduces unemployment on: December 14, 2017, 11:56:56 AM
I don’t think that btc can reduce unemployment.Some of my friends also think alike as it can reduce.I  strongly disagree with the statement that it can reduce unemployment as it doesn’t bring in a regular income to be said as something which can help us get rid of unemployment.Where as it can only be considered as something which provide an extra income along with our regular job or an income which can be made in our free time say like a secondary source of income and not something as primary income source as its income is not stable it all depends on your membership rank and how much you earn .

I actually think that almost everything acts like a secondary source of income at first. But it can all increase depending on how much time and effort you are putting in it as well as the capital. Think of the people that are earning bitcoins right now. They didn't started out earning that much bitcoins per day. They all started earning dust from faucets. Then learned that this forum offers better opportunities than paid to click sites and the like. And then started trading. We all are just trying to build our way to the top at first. No one started as a Hero member in this forum. You don't register and get treated special than other users.

Something might seem like a part time job or just a sideline to you but you don't know how something can grow. And something might seem like a stable income or a primary income to you, but it might not have any growth to it. Check your job, it might be a dead-end one. Wink Most people are too proud of their job without thinking that after 10 years, they will be at the same chair,in front of the same computer,doing the same thing with the same salary.
319  Economy / Gambling discussion / Re: is the martingale working or not ? on: December 14, 2017, 10:54:54 AM
The only time martingale (or any other gambling strategy) will work is when you have unlimited amount of money and the maximum bet amount in the website that you are playing in is also unlimited. First, no one has an unlimited amount of money because money is still limited despite of the ridiculous quantity that it has. Secondly, all websites have their maximum bet amount. Well honestly even if they don't have, your money isn't unlimited anyways.

For the amount that you're going to earn for every time you hit Green, the capital that you're going to be needing is just too much. You can't only recover 10 losses, you have to be able to recover a lot more. And since the growth of the bet amount for every time you lose is exponential (x2 x2 x2), then the capital has to be around basebet * (2^20 + 2^19 + 2^18...) and so on. That's a lot of money.

So to answer your question.. Martingale doesn't work just like how any other betting techniques don't work. They were all made by delusional people that thought they can take down a gambling site using a particular algorithm. If there's a technique that actually works, gambling sites will simply counter it. It is even possible that martingale used to work for some time so they increased the amount of loss streak a user can have so they would need bigger, unlimited even, bank rolls.
320  Economy / Service Discussion / Re: Overview of Bitcointalk Signature-Ad Campaigns [Last update: 09-Dec-2017] on: December 14, 2017, 10:09:30 AM
The update is that there is nothing to update. I'll check again tomorrow.
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