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3421  Bitcoin / Bitcoin Discussion / Re: Bitcoin and pollution on: January 12, 2018, 10:00:15 PM
It's all about changing to renewable energy. You can have the bitcoin network working renewable energy and everything is just fine!

Even with this, it's not fine, it's just that the power itself is coming from a better source -- though a massive amount of power is actually being used, it's just from a better source. So yes, Bitcoin is helping to increase pollution -- but it's nowhere near the amount that the largest polluters, cows and other livestock, put into the environment.

This is why other coins tout the ability to use less power though the only time this will matter is if bitcoin gains a global foothold.
3422  Bitcoin / Bitcoin Discussion / Re: "I regret" calling bitcoin a fraud. on: January 12, 2018, 09:51:06 PM
He without a doubt did this to be able to help someone else or even himself by buying the dip, people like them abuse their positions of trust in peoples eyes to be able to make a good amount of money with their FUD. They've been doing it for years and they won't stop -- the only time they'll stop is when the people notice the lies that bankers and the MSM have perpetrated on us for TOO LONG.

What a shitty person. -- changes his view in about a week.
3423  Bitcoin / Bitcoin Discussion / Re: Is there any way to get to know blockchain to understand it better? Any help? on: January 12, 2018, 09:38:22 PM
Read the bitcoin whitepaper and an article on Blockchain101.

Meh, kinda worthless to do this if you want to know about the actual tech beind it. You're going to go 10x more into bitcoin then needed if you want to just learn about the tech itself, just look up some stuff on google and youtube about the blockchain and you'll find it fairly quickly -- not too hard.

It's a wonderful innovation, hoping it spreads to many different industries.
3424  Bitcoin / Bitcoin Discussion / Re: To what extent are crypto transactions anonymous? on: January 09, 2018, 07:48:27 AM
They're as anonymous as you make them. If you go ahead and buy bitcoins on an exchange where you're tracked, post your address alongside your name, and so on and so forth you're of course going to be easily tracked as all of this can be used alongside blockchain analysis to see what you're doing online.

If you buy your BTC in cash, dont associate yourself with your wallet information, use tor/ vpn services for wallets then you'd be MORE anonymous. So, it's up to you.
3425  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ICO or buy later on exchange ? on: January 09, 2018, 05:10:47 AM
Best place is going to be two places actually, it's going to be right in the start of the ICO stage (given it's a good idea, good team, etc) and the other time is going to be right after the dump on the exchanges, as the people who participated in the ICO want to see some of their money so this brings on a ton of people trading instantly their coins. Buying on the dump is pretty solid, as the value goes up drastically after this time -- in most cases this is, not all.


So, two as I said.
3426  Economy / Trading Discussion / Why do you think CoinMarketCap removed the Korean Exchanges so abruputly? on: January 09, 2018, 04:34:22 AM
I know CMC came out with a reason and said that it was because of divergence of pricing in the Korean markets with Bitcoin and all of the other coins, but this isn't something that I full beleive as to the reason that they did this so abruputly. Wouldn't it make sense to tell traders what's happening before they see the price crash and think something crazy is happening in the markets?

I just think as a company they screwed a good portion of the crypto community -- making a good amount of people lose some money. Hopefully they'll come out with an apology.

What do yall think?
3427  Economy / Economics / Re: Know Your Customer on: January 09, 2018, 04:21:37 AM
The number that you're thinking about isn't 3000, it's $10000. That's the number that financial institutions in the United States make you fill out forms to know what you're doing with this money, as they want to know what the hell is going on with that big sum of money being transferred around.

But no, this isn't the case when it comes to ICOs and KYC as you're buying Bitcoin and not transferring that large sum of money to somebody -- you're actually buying something. Though I must say that it's pretty crazy the amount of ICO's are complying with the KYC regulations by the SEC.
3428  Economy / Economics / Re: Arbitrage??? on: January 09, 2018, 04:01:04 AM
I mean while it will be possible, the big problem is moving the money out of Korea and into the United States. As I doubt the Korean government is going to want Crypto gained Fiat cash moving in and out of their banking systems, seems like a waste for them to let people flood their markets just to kill the price. It's probably best for them at the moment to slowly let arb traders in, as at the moment if they were to let them in it would kill the traders who make money in Korea and provide taxes for the government over there.

But yeah, try your luck dude, worst case you won't be able to do it.
3429  Economy / Exchanges / Re: What site to buy BTC fast? on: January 07, 2018, 06:57:11 AM
None of the big exchanges are going to be good if you want to buy fast, they're going to save you a good bit of money and you're not going to get scammed on them but I ASSURE YOU it will take a good amount of time to get verified and all that jazz on them. So just disregars anyone who brings up the big players.

If you want to buy BTC fast, you're going to need to work with another person. Use any site for this, be it Paxful,LocalBitcoins, or even the exchange section on here. It's going to cost you a bit more in fees and you have to do your own due dilligence, but that's how it has to go if you want things done switftly.

Goodluck!
3430  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If ETH price exceed the BTC's on: January 07, 2018, 06:18:32 AM
I mean in my view if this happened it would only last for a small amount of time, as I cant see something like this lasting for more then a couple of minutes. Because once something like this was to happen it would freak everyone in Crypto and probably cause a mass ETH selloff, as people would think that ETH is massively overvalued as it still wouldn't be Bitcoin -- the big grandaddy of investing and crypto.

People do like change, but losing Bitcoin as the #1 and the #1 on price isn't something that I would think people would be too keen on. There would be massive resistance and the massive price drop of ETH after this.
3431  Bitcoin / Bitcoin Discussion / Re: Bitcoin is DEAD - But the Alt-s are SKY-ROCKETING to the Moon! on: January 07, 2018, 06:08:31 AM
I'm pretty sure it's because of unit bias, whereas the new people are thinking like:
"Bitcoin is at $17,000, it's quite expensive; whereas Cardano is only at around $1. $10 soon! To the moon!"

Something like that, not taking in to account that most coin's circulating supply is too high to reach high dollar prices.

I was actually just reading an article like this, where people get too consumed with the price itself and fail to look at PERCENTAGE gains -- which are of course everything when it comes to investing.

But yes, people now think that because all of these new alts are hitting the top 10 and are overtaking one another (all while increasing in alts market cap) But most of the coins that are new in the top 10 have NO ACTUAL USAGE - Tron, XRP, etc.

Bitcoin is the only thing here that matters, you MUST remember that.
3432  Economy / Economics / Re: How to Earn Interest on Bitcoin with Low Risk – Trusted Service since 2013! on: January 07, 2018, 05:41:43 AM
The article is fine, so is the service. The only problem for people is that they don't want someone else FULLY being able to control their Bitcoins as they have ZERO access to the private keys while someone else has full access to them. Just to think about it for a second, you're putting all of your money up to be lost just to make a small 4 percent a year? I think people could live without this money to just feel safer by owning their keys.

On the side of the article though, it's good, keep pushing on blogging!
3433  Economy / Trading Discussion / Re: Arbitrage management on: January 07, 2018, 05:09:50 AM
In order for you to make money consistently at arbitrage you'll need to have a lot of money so the transaction fees are so small that it doesn't eat so far into your profits. Sending 100 bitcoin for 0.0005BTC is a hell of a lot cheaper percentage wise than 0.1BTC. That's where the real money is.

If you're not independently wealthy, this may not work out as well as you think. Not with bitcoin or eth anyway, but maybe some smaller alts on lesser known exchanges.

While it is a good idea to go to lesser known alts, the problem is that there isn't as many arbitrage opportunities as most usually for lesser known alts not many exchanges are supported


Though back on what OP said about Arbitrage, it's not for people that are just trying to do it with small amounts of money. If it was, you'd see SO many people (including myself) getting involved and then it wouldn't be as profitable as it seems to be.
3434  Economy / Economics / Re: 18% of Investors Buy Bitcoin With Borrowed Money on: January 07, 2018, 04:47:50 AM
This really does highlight the stupdity of people, these are the same people who go ahead and think that Bitcoin is going to 1M and they need to get in now. They probably don't even know anything about Bitcoin in the least though they think this is the path to finally making millions. I guess they'll be surprised when they get fully fucked as Bitcoin is taking a bit of a downturn -- at least from 20k


It's sad that this is the type of lesson that people need in order to not use margin to invest or to GAMBLE (as Crypto is basically gambling)
3435  Economy / Economics / Re: Merrill Lynch banned its clients from investing in bitcoin on: January 07, 2018, 04:27:59 AM
Didn't a major banker call Bitcoin a scam, said that he would fire any of his employees who he knew bought them simply because of how stupid they are, then price went down, then a few days later it was found that he bought a lot of them?

Here you are - https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

I mean it's not surprising to see people from banking reacting like this, either they're scared that Bitcoin and the alts are going to take from them OR they know the position of power they have with their clients so they can buy the dip and try to make some money for themselves. This is horrible behavior when looking at it from an ethics standpoints, but the scum is probably pretty known already to everyone in the banking world


DONT TRUST ANYONE -- always do your own research.
3436  Economy / Economics / Re: How would Bitcoin react to a global financial crisis? on: January 07, 2018, 04:18:35 AM

I don't think I can agree with this at all, you have to think that in its current state a ton of people in Bitcoin is being used by people as an investment with the money that they can afford to put into it. If the global economy and financial institutions were to have a crisis people would pull this money immediately, as they need it for their real lives.


People would pull out the price would crash and then most likely come back up, but who knows.
Yes! Probably when there is financial crisis, people are withdrawing their any investment just to survive in the crisis and to live even there is economic problems.
We cannot rely 100% in bitcoin during crisis times. When all people pull out their investment. Bitcoin price will fall and that will be the cause of crisis.

I'm not saying it's going to be the cause of the crisis, but I think that the mindset of a lot of people here is that the bitcoin price is countercyclical to the overall global economy -- though this couldn't be any farther than the truth. As Bitcoin has never experienced anything in relation to a global crisis, it only gained real popularity in 2011 (way after the 2008 banking crisis)

So Bitcoin will take a beating after a crisis, I know that much.
3437  Economy / Economics / Re: How would Bitcoin react to a global financial crisis? on: January 07, 2018, 02:56:00 AM
I am of the opinion that bitcoin's value in dollars will shoot up like crazy! Bitcoin is used by people (at least some of them!) as an investment and as a hedge against inflation. It is the new gold! So yeah, bitcoin will appreciate even further in value and more people will start to use it.

I don't think I can agree with this at all, you have to think that in its current state a ton of people in Bitcoin is being used by people as an investment with the money that they can afford to put into it. If the global economy and financial institutions were to have a crisis people would pull this money immediately, as they need it for their real lives.


People would pull out the price would crash and then most likely come back up, but who knows.
3438  Economy / Exchanges / Re: BEWARE OF CEX.IO SCAMMERS on: January 07, 2018, 02:10:55 AM
To both of you, I highly doubt CEX.IO would be robbing either one of you. If you were to both just come here and ask for some help they'd kindly help. You have to think that during a market like this they don't have the support team nor the network to keepup, so some bugs are obviously going to happen and the support team is going to take sometime to respond.

I'd recommend for you to change the title, this needed nor is it true.
3439  Bitcoin / Bitcoin Discussion / Re: Safety while traveling? Please give advice on: January 07, 2018, 12:49:05 AM
2FA isn't something that can be accessed by someone else, the only person that has access is your device and your mobile device only. So that shouldn't be of worry to you. You shouldn't be having any other problems with security if you're using YOUR own devices, given that these devices aren't compromised at all.


Though I am curious, what kind of wallet are you using? Web Wallet?
3440  Bitcoin / Bitcoin Discussion / Re: bitcoin political party that permanently backs crypto, funded by crypto on: January 05, 2018, 08:32:29 PM
The money that is within Crypto and made here is nothing compared to the amount that is made by the big banks, big pharma, big oil, and so on and so forth. So while it does sound like a good idea, the people that we were to elect would just take the biggest cash options from other people and then just have to serve them -- this would be the big banks and everyone else I listed before.


So yeah, cool and all but not going to come to fruition.
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