Interestion your point
I dont see any limitation whatsoever to the units of bitcoin because there are to be 21,000,000 coin in which each coin consist of about 100,000,000 satoshis which means that the total units we will be having will then be 21,000,000*100,000,000 which excel itself cannot even provide an answer to. It therefore interpret that there wont be any limitation. The only thing we will have is one satoshi worth more than say $10 depending on the price at any point in time. |
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Even though there is no sure way to ascertain who Satoshi is really is even after reading several articles on the subject matter without even convinced who he is really is, one is thing I know for sure is that he is a legend of our time who has not only created something worthwhile but a technological breakthrough that no one yet has been able to destroy and did this without acclaiming popularity or fame for himself. This is something that is quite scarce among inventors these days who prefer to be a celebrity and enjoy the stardom for as long as possible.
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As I was then expecting last week, there would be a little surge of Bitcoin price within this week and it our darling currency pushed over $200 to a high of $2783.
While understandably there are those who are spreading FUD all over the net on the August One Event, the market is already getting immune.
The major reason for this recent surge is the news that finally SegWig2x consensus has already surpassed 80% and we can soon see what the whole Bitcoin community is wishing for.
I have a strong faith that eventually things can get ironed out and that the interests of the majority would prevail as we are now witnessing the history of Bitcoin unfolds before our very eyes...with Bitcoin evolving and progressing towards the future.
There is no doubt about the fact that bitcoin is being getting immune from various news as this and the direction of price is mostly determined by majority of the participants in the market which is me and you that we not allow news to influence us which at the end of the day will not live to the expectations of the initial paparazzi that greeted the arrival of such news. SegWit will be activated to make us have more seamless transactions and not to change our positions. |
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from cryptonews yesterday I find out that there is going to be activation of segwit2x in bitcoin to allow faster transaction and this is agreed by okcoin,bitmain and huobi, what do you think will happen to price of bitcoin?
I have every reason to that the moment the flash issue of delayed transaction is sorted out as a result of segwit with moderate fees, I am sure that a lot of people who have been considering other means of payment rather than using bitcoin will surely come back then we see gradual increase in the price. By that we have a basis for the increase. |
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Last month, we have read many self-proclaimed Bitcoin analysts and experts proclaiming to the whole world that soon Bitcoin will hit $10,000 by the end of 2017. We have some corrections since then which pulled back Bitcoin a little bit from its $2800 high and right now as I speak it is hovering at the $2500-$2600 level.
Bitcoin is now priced higher than 1oz. of gold and has beaten any other financial instruments in terms of return on investment which result into many money managers noticing Bitcoin and transferring some of their eggs into it.
Do you think Bitcoin will really make it into $10K within this year, most especially after its August One "date with destiny"?
Thoughts are mere expressions of opinion without any objective basis. I feel if everything goes according to the trend being witnessed now, I see us going above the $3000 mark or even going beyond that $5000 before the end of the year but concerns will now be reaching $10000 which I am not forseeing it happening anytime soon not before the end of 2017. |
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There have been many articles lately exploring the possibility that Bitcoin is just like another bubble and it can burst soon...akin to the dotcom mania that later on burst leaving many investors with empty bags. In investing, anything can be possible and since Bitcoin is not as old as gold, it is imperative that we have to make sure that we are not riding something that can explode or implode leaving us hanging in the air.
One reason why a thing can be a possible bubble is if it does not really have any intrinsic value at all and all buyers or investors are there because of the frenzy induced by the possible profits. In other words, you are just dealing with a worthless instrument and whose value is just based on speculations.
Do you think Bitcoin can be described that way or you think that even if there is a presence of speculations on Bitcoin still the value is intact and this value is in itself a great protection for possible burst?
Times without number discussions like this have sprung even in the past but every day by day this is being debunked by the simple fact that the popularity of bitcoin keeps increasing couple with the various adoption of the technology and the currency by countries even though not fully. However, the threat I see here is that instead of others coming to focus on bitcoin, they are just looking for ways to create their own and promote it in their own way which if not checked might turn bitcoin to the background which show the way but not part of the future. |
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No amount of fear can change what is already with us because we have even mortgaged our life to those who we elect to make the decisions for us and its so bad that its either one blend in, or be left behind that its so bad that even the bank will deny you your money and force you to go cashless because that's what the policy makers have mandated them to do. I guess the way out if this is just to create alternative means even if its little to be sustainable.
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Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?
There is no way to know if he actually has not invested in bitcoin and just because he didn't come out to release a statement does not mean he is not involved one way or the other. Even recently I read Microsoft is going into crypto currency which means they would have been eyeing it for long and also point out to the fact that they are already in the game long before some of us even got into the game. |
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Cannabis for recreational (9) and medicinal purposes is legal in 29 states in the US, but the federal system still considers it as illegal and because of this pot industry is facing a crisis since banks have refused to offer their services to pot merchants. Marijuana sales totaled $6.7 billion in 2016 and the industry is expected to be worth $50 billion annually by 2026. Pot merchants are now opting to deal in bitcoins rather than cash and two startups, POSaBIT and SinglePoint have made this process easy. POSaBIT allow users to buy weed using bitcoin through their credit/debit card. Trove Cannabis, one of the Washington stores using POSaBIT, sold $3 million of marijuana last year — in cash — and does close to 3,000 transactions weekly. Trove became a POSaBIT customer in February after being on a waitlist for six months, according to Yin-Ho Lai, Trove’s founder and chief executive officer. Since doing so, about 13 percent of customers have chosen to pay with credit or debit cards, Lai said, and those who do tend to spend more. On the other hand, SinglePoint is working on blockchain technology to support cannabis transactions without much involvement from the banking system. They are also working on a potential ICO. Bitcoin does have a bad reputation for its connection with dark web, but on the other hand, legal marijuna is one of the fastest growing industries in the US and bitcoin becoming a part of this growth would definitely be a boost for it. http://www.thecannabist.co/2017/06/19/cannabis-industry-bitcoin-banking/81860/The fact that the Federal government not legalising it does not mean they dont know the medicinal effect of the commodity but the issue of it getting into the wrong hands. Over here marijuana is also considered illegal as it causes more harm than good to the people who engage in its use without even understanding the basic facts about it. The excessive use of this has equally sent some people to the rehabilitation centres at the cost for government. I wont have any issues of it being bought using bitcoin but only if it can be regulated to only if its necessary in other to reduce social menace. |
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I have been trading for a month or so, but I have still not completely understood the fee structure. Can you place and cancel a trade as many times as you like on Poloniex and Bittrex without paying any fees? The only time you pay a fee is when you actually sell something? Is that correct?
This is more of trading discussion rather than bitcoin discussion but since an answer has been provided then there is no need and in addition to that, it is only executed order whether buying or selling that you are charged for and some other exchange sites charge if you want to make withdrawal. |
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For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?
I dont see any issue in that so far the merchant is knowledgeable about bitcoin all that is needed is to ensure just one confirmation and there wont be any issue arising. But the cause for concern is actually the cost of transferring, that we all know its on the high side in the sense that for wanting to buy say a 2$ coffee and I need to pay say $1 transaction fee in order to attain the one confirmation needed is too expensive for me. |
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I have waited for over one week to get m transactions confirmed before so waiting for 50 hours to me is just a tip of an iceberg which should not give anyone a goose bump. Aside that, I also tried ViaBtc services several times but it seems every time I tried, the limit is always exceeded so I just resigned to fate that it will confirm which it eventually did after a week. Others suggesting other means I hope it work because it could be annoying seeing your transactions in your wallet but cannot access it.
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http://www.c[Suspicious link removed]m/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html Erik invested in bitcoin when he was 12 and not is a millionaire at age of 18. This is a good story for Bitcoin. But here is something that I do not understand: An excerpt from the article: "Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."
"My parents asked 'Why don't you take the more cash?"' Finman explained. "But I thought of it more of an investment.""Why didn't he take the $100K and bought more bitcoins instead? Granted that there has to be some tax consideration, but tax rate has to be as high as 40% in order for both of the cash option and the bitcoins option to breakeven. If the tax rate was at 40%, then he could get $60K after tax and would be able to buy 300 bitcoins at the market price ($200 at the time). Moreover, one day when he sells the bitcoins, he can dedect $200 on each of the bitcoins from the capital gain as cost. Am I missing something in here? Don't drop out from high school?  From the way I see it, bitcoin has already been designed to be successful right from the beginning and that is why someone was able to have as much as 1 million units. So, for the fact that he became rich at the age of 18 is not a function of his hardwork but rather was able to tap into the moving train at the time in which I believe if anyone have the kind of information he had at that time to be able to make that decision, anybody would have done the same thing without hesitation. I would do same though. |
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https://www.rt.com/business/393179-russia-bitcoin-mining-video-card/An ordinary Russian consumer may face difficulty buying a video card for his home PC, Vedomosti newspaper reports. The recent surge in the value of bitcoin has caused a jump in demand for video cards, which are used in cryptocurrency mining.
People buy up to 600 video cards at once, sources in the industry told the media, causing a nearly 80 percent price surge since the spring.
Over the past two months, video card shipments have tripled, said IT-distributor Treolan. Market demand exceeds supply, it added.
Russia has about 5-7 percent of the mining sources, mining business owner Dmitry Marinichev told Vedomosti. Russia is still under sanctions from the west, which means they can't easily import graphics cards. This is what is expected to happen when people see more value in a particular item more than the face value. It happened before over here when some set of people start buying antiques watch and what used to be so much in abundance became excessively scarce in the environment. But I wonder how much bitcoin they will be able get with their video cards or maybe they are mining alts but because the only common crypto is bitcoin that is why all attention is on it. |
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Leading Bitcoin exchange Zebpay has revealed that the Indian government committee has ruled in favor of regulating Bitcoin.
On April 14, Cointelegraph reported that the Inter-Disciplinary Committee within India’s Ministry of Finance was actively investigating the legal status of Bitcoin and considering the possibility of regulating the market.
Efforts of Indian Bitcoin exchanges
Over the past three years, the big three Indian Bitcoin exchanges including Zebpay, Coinsecure and Unocoin operated with self-regulated trading platforms with strict Know Your Customer (KYC) and anti-money laundering systems in place, despite the lack of regulations in the digital currency industry and market.
The efforts of the Bitcoin exchanges in India to self-regulate the market allowed the Indian government to reconsider the Bitcoin and digital currency sectors, regardless of the criticisms by several politicians that significantly lack knowledge in cryptocurrency.
On March 24, Cointelegraph reported that Kirit Somaiya, a member of parliament of the ruling BJP in India, was harshly criticized for his description of Bitcoin as a Ponzi scheme.
In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin.
The legalization of Bitcoin in India
In spite of the negative attitude of certain politicians, the Indian government has come to a decision to regulate the market and provide an even playing field for Bitcoin exchanges that have allocated a significant amount of resources to standardize the market and industry.
Back in April, Mohit Kalra, CEO of Coinsecure, one of the largest Bitcoin exchanges in India, told Cointelegraph in an interview that the Indian government has finally started to take Bitcoin seriously and are considering the possibility of regulating the market.
This is another good news coming from that end and I hope to see some offshoot on how it progresses with much more information coming in the following days. Also, I hope this does not come at a very expensive price where the issue of KYC will now be taken to an extreme length thereby negating the fundamental principle that bitcoin rests which is anonymity and freedom. |
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Death penalty from the way I see it is just an easy way out for someone who has committed a grievous crime against the state either by killing someone else or treason. The reason for that is because when he is killed, it would not bring the person he killed back to life neither will he have enough time to blame and judge himself for the wrong doing he committed which is the most important punishment to be given to anybody. So, it should be abolished and replaced with life in prison without an option for parole under any circumstances.
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Who is tired of this world's so called "Politics"?
All the brewed "Fake News" and political propaganda?
All the setup "Fake" terrorist attacks for the sake of politics?
All the wars in Middle East so called ''ISIL, Al-Quaida" and Africa "Boko Horom"?
Why not the youth of this "Our" generation launch a global campaign to stop such bad things?
Why not Putin & Trump come together and build a better world for us and the future generations to come?
And make this planet "Earth" the war-free world for everyone because these wars that we underestimate also contributes heavily on global warming that's destroying our planet!
What do you think, my friends?
The level of conspiracy alone is just so annoying and the people who are suppose to set the records straight are just busy chasing shadows. When Trump won and he Russians were rejoicing even with words from Kremlin, one would think its a new era of friendship where they would work together to promote peace in the world but its now obvious that their disagreement is not against personalities but rather the office and thats why even if someone else occupies those two positions today they will still continue fighting. |
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There is no way it wont affect bitcoin but not massively because majority of users of bitcoin are not basically just using it for local transactions only rather for dealing with citizens of other countries which I feel national crypto-currencies will be limited and there wont be any difference in the way the current fiat is. But at the same time if there is no restriction to the use of the internet then I see no serious threat against the continued dominance of bitcoin over other national crypto currencies.
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What is the absolute fastest and SAFEST way to store coins that are currently in an exchange?
Exchange to me are one of the absolute ways to lose your money not because they will steal it, (at least we haven't heard this in w while) but for several other reasons to deny you access to your funds that you willingly gave them by start with things such as they are synchronising their wallets so they cannot process withdrawal, or they will say their machine detected some issues with your account then they close it. In all this, there is nothing one can do because you accepted to the terms. So exchange sites is a no no for me. |
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At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
The issue about this legality is that it is getting clearer by the day and the government is wishing it to go away rather its popularity keeps on growing and that's where they have the concern on what they want to really do about it. The reason for the delay from my own view is largely due government yet to find a way to control it and them being preoccupied with more pressing needs to give bitcoin the needed attention. |
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