Bitcoin Forum
July 06, 2024, 01:15:14 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 [187] 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 ... 426 »
3721  Bitcoin / Bitcoin Discussion / Re: Mining: Why choose Solo or Pool? on: April 30, 2020, 12:45:02 PM
Don't get confused by the technical jargons by the technical people. Understand one simple thing, mining will reward you only if you can find a block. If you can't find a block, your mining is of no use.

So in pool mining, you have a better chance to find a block as compared to solo mining.

Hope this helps!
3722  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency crime in Netherlands. on: April 30, 2020, 11:44:37 AM
I strongly condemn such illegal things on crypto market. Such kind of incidents are only lowering down the reputation of cryptocurrencies in general. The criminals get the benefit of the privacy factor inbuilt in crypto and usually gets away with their wrongdoing.

I am happy at least here police have been able to identify them and brought them under justice. No criminals should be left alone in crypto space! Common people usually try to avoid dirty water.
3723  Bitcoin / Bitcoin Discussion / Re: THE BEAR GUYS ARE OFF THE STREET on: April 30, 2020, 06:53:13 AM
I have seen a lot of people relied on TA and ended up making wrong decisions. Because you have to understand that TA was created a based on a real world market like equities which is strictly regulated by the respective governments and regulatory authorities. It's not really a free market like crypto where we see worldwide participants. So it's really hard to predict a global mindset through TA. I have said it in many accessions.

With the upcoming halving, the bitcoin price has to increase. Otherwise majority of the small miners will have to close out their mining operations because it will cheaper for them to buy bitcoins from the market than to mine it. That is obviously not an ideal scenario and that may kill the spirit and willingness of the small miners who are very very price sensitive. If you really want to thrive in crypto market, get out of TA mindset and get your own intuition in place.
3724  Economy / Gambling discussion / Re: Which is your favorite gambling game? on: April 30, 2020, 06:16:00 AM
Contrary to the common interest of mass - I like to play crash games. Probably it is one of the games I understand better and also helps me relaxing my mind when I am not trading. Unfortunately, the crash game is not in your list so I couldn't vote. I am not a full time gamer but whatever little time I spent on gaming, I spent on crash games like Bustabit. Yes, dice is also a good game to relax but I don't find it much exciting. Hope you will consider creating crash games as well.
3725  Economy / Trading Discussion / Re: Correction in the next days? on: April 29, 2020, 06:44:03 PM
Hey people. Are you expecting a correction in the next days. A lot of talk about a price dump around 10% before the halving starts. How serious can this be?

No one really knows! But I believe the current surge in price is fueled by the "Fear of Missing out" of FOMO as correctly pointed out by LeGaulois. People who are expecting big bull run post halving, have started buying out of FOMO which is currently pushing the price higher. So a correction may come for a short period of time by the normal rule of market. But it may not happen as well. If we look at the history, we have see huge price surge post every previous halving. So people are trying to enter the market so that they can take out some big profit.

But anyway, we are speculating here and really not certain about what's going to happen! So keep mum and watch the market.
3726  Economy / Economics / Re: BitMEX to restrict all Japanese users from its Platform on: April 29, 2020, 05:33:31 PM
Link to the news: https://www.financemagnates.com/cryptocurrency/news/bitmex-to-restrict-access-to-japanese-traders/

It seems like Japan has learnt from the previous mistakes and numerous hacks that happened in past two years starting with Coincheck. So now all exchanges that allows Japanese people will have to register with Japan's regulatory authoriry. I am surprised why other exchanges have not yet taken any such decisions and why only Bitmex!!
3727  Bitcoin / Legal / Re: Can i sell Bitcoin to illegal immigrant in usa on: April 29, 2020, 05:26:00 PM
Need some help!

I registered my business with fincen , but i have no state licence , I have alot of illegal immigrants that want to buy bitcoin from me.
My question > Can i sell bitcoin to illegal immigrant? or should i have a  no-action letters?  they are  not resident or us citizen. Those illegal immigrants got us bank account .

There is no law which can stop you from selling bitcoin to an illegal immigrant. These illegal immigrants can even buy houses through ITIN route because there is now law that states illegal residents can't buy a house in US. So you are good.

Just ensure to have their ITIN numbers as a proof to ensure you have not sold your bitcoins to undocumented aliens. But I believe you need to have a separate state permission in order to even start operating. Please have a discussion with lawyers before you even start selling to legal people.
3728  Economy / Investor-based games / Re: Pyramid Scheme That Works on: April 29, 2020, 03:55:09 PM
Lol.

My math says that you make money and users send traffic to the site.

I register and pay 0.01BTC
I refer 5 People that each pay 0.01BTC

So with this little Example.

I have made 0.015 BTC (in Profit after my initial "Registration Fee") and you made 0.035BTC for doing absolutely nothing.
Yeah ok, this is one of the craziest, most stupid sites I have seen around.


And all of this is manual too?  Roll Eyes Roll Eyes Roll Eyes

Pyramid schemes are like that only! The person sits on the top gets the most money out of it and remaining people get penny compared to their effort.

After some days when the pocket of the top guy filled, just leaves the system! The biggest mlm scam right now ongoing is known as Qnet. Do some Google search to understand how they are fooling people to invest huge amount of money in the system.
3729  Bitcoin / Bitcoin Discussion / Re: A perspective of the future of Bitcoin.. on: April 29, 2020, 12:15:39 PM
Quote
Well, my question is the following: will people still use Bitcoin if they never get rich out of it or just dump it and move on? I honestly thought that even banks working on digital currencies might push for a larger Bitcoin adoption, but a national digital currency will be easy to use compared to BTC. Besides this, there is a degree of so-called "safety" these currencies will provide, I mean you'd probably be able to recover it much easier than BTC..

Anyways, maybe I'm missing something out of the frame. I honestly wish BTC will someday become the majority's interest. I guess its mission is now divided in two paths: one going towards anti-crypto regulation and one starting from an increase in people's interest towards privacy

I sincerely want the same. I want to see people's increasing interest towards bitcoin for good. But lack of clear regulation is one of the major bottlenecks towards this achievement. With CBDC's implementation, I believe some additional clarity would be given from policy perspective. But i don't really expect a lot here!

CBDC will definitely be easier for the commoners to use and understand. But you have to remember that, CBDC will snatch the privacy rights from you. Probably, that might help towards crypto adoption to some extent.

Let's see what the future holds for us!
3730  Economy / Trading Discussion / Re: He Lost His Investment. See what Happened! on: April 29, 2020, 06:48:39 AM
Quote
1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

All of them are scams! If some professional trader has the capability to trade and earn a good amount of money every single day/month, why he would need other people's money? This is the first thing to understand. The behavior is very similar to ponzi schemes and must be avoided by all means.

Quote
2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

3. Is Telegram escrow system a scam  or not?

Same answer is applicable here as well. If someone has the capability to predict the market, he will use his own money to become rich. Why he would sell it to the public for a little fees?

I am not sure about telegram escrow system. Do you mean it is an official feature of telegram? I haven't seen anything as such!
3731  Bitcoin / Bitcoin Discussion / Re: A perspective of the future of Bitcoin.. on: April 28, 2020, 07:38:30 PM

Truth.

Unfortunately far too many people are in Bitcoin for the sole purpose of getting rich.

Only a small fraction of people actually transact daily in cryptocurrency, rather than using it for speculative purposes.

I don't see anything wrong in that! The willingness of become rich is one of the major reasons for many people associating themselves with bitcoin. Probably a major percentage of the community. What's wrong in that? The people can't use bitcoin in daily transactions for a number of reasons like low acceptability and unclear regulations. Not everyone is fortune to live in countries like Japan or Germany.

Quote
However, it doesn't really matter. Over time, the network will continue to develop and get stronger, and when the time comes when the traditional economy collapses, Bitcoin will be built-up and ready for the task of taking over.

So long as we can build Bitcoin to this point, no matter how, then it should still achieve its purpose when shit really hits the fan in the fiat world.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" <- this was inscribed by Satoshi in the Coinbase of the Genesis block. Sounds a lot like the world today... So we've got some work to do because I don't believe Bitcoin is ready to handle the load of mass adoption yet.

Bitcoin is too small to be considered as a world currency. It simply doesn't have the capability of handle such volume. Things like LN, will definitely be helpful in that. But as of now, I see prepaid cards are a very good example of how we can slowly push the bitcoin for better adoption.

It's just a 11 year old kid. Give him time mature!
3732  Bitcoin / Bitcoin Discussion / Satoshi Nakamoto never used Bitcointalk - new claim by Craig Wright on: April 28, 2020, 05:29:58 PM
The news recently surfaced in my inbox,

https://news.bitcoin.com/craig-wright-claims-satoshi-nakamoto-never-used-bitcointalk-to-communicate/

Don't know how to react! The court case seems to taking unexpected twists and turns!
3733  Economy / Economics / Re: Mining: Halving will destroy the half of us. on: April 28, 2020, 04:16:57 PM
Possibly yes, if the price doesn't increase or remains at the current level. So purchasing bitcoin from the market instead of mining will be cheaper for the majority of the miners. But those who are using alternative sources like wind power or solar panel will be exceptions for obvious reasons.

So to sustain the current mining profitability, the price has to double as the reward will be halved. But if large number of miners go out of the business - no one will escape the suffering! Expect increase in fees and longer waiting time as an immediate result of upcoming halving.
3734  Bitcoin / Bitcoin Discussion / Re: Will the cure of COVID or CBDC BOOST BITCOINs price this year 2020 on: April 28, 2020, 03:27:36 PM
its been stated now, that during April, if BITCOIN can remain above $7700, we are looking at $8500 as the next stop. If countries slowly eliminate COVID completely, will it help boost bitcoins price even further or serve to deter bitcoin from increasing?. This is when the governments have no more COVID to worry about and focus on rejuvenating their economy. They would start implementing their own CBDC and digital currency like China probably this year as well. Will this be the true cause of the fall of bitcoin, or will bitcoin and crypto be integrated into their banking system?

CBDCs can't be a reason for boosting bitcoin's usage or its price. The only reason can be the upcoming halving which would happen in next 14 days. Even if we don't see it happening just as yet, it will definitely work positively post the current Covid-19 situation. The liquidity in the market has to increase in order to achieve growth and with current situation it doesn't seem to be possible!
3735  Alternate cryptocurrencies / Altcoin Discussion / Re: BITCOIN AS A PAYMENT SYSTEM on: April 28, 2020, 01:00:49 PM
There are number of reasons why bitcoin has not yet been adoted by the mass as a payment method. Look below,

1. Price volatility
2. Time required for confirmation
3. Lack of clear regulations

While the 2nd issue mentioned above, can be taken care through innovation like LN. There are services like Bitpay and Polispay where ypu can get a prepaid Mastercard which can be used at any POS machine.

But fluctuation and lack of clear regulation remains a challenge till date.
3736  Other / Politics & Society / Re: the internet is becoming very very regulated ,how do we fix it ? on: April 28, 2020, 07:00:23 AM
Have you noticed that almost all sites started to implement kyc / aml , eu cookies junk,cops started to arrest people for saying stuff on facebook or other social networks ,websites are getting shut down by govs and so on ...

the internet is becoming very very regulated ,how do we fix it ?

In my opinion we got to find a way to decentralize the internet ... anyone started working on this ?

there is ipfs ,swarm but still ...

Use VPN and TOR browser. You are done!

It will give you an extra layer of security from displaying your identity over the internet. Ideally TOR browser alone can fix this but just to add a new layer, you can use a multi-city VPN. That's simple!

However, I don't personally support illegal things done on the internet!
3737  Bitcoin / Bitcoin Discussion / Re: Why there is no Standard Marketplace like Amazon with BTC as payment method?? on: April 27, 2020, 06:05:27 PM

1. is the problem in supply side? are sellers worried taking payments via BTC bcas of volatility

Yes! It is one of the major issues. Due to the high competition in the e-com market, all stores are forced to keep their profit margin lower. So it is very difficult to sustain a business with such a small profit market and huge price volatility. 

Quote
2. is there a logistically inefficiency, that smaller sellers can never compete with the likes of amazon

No! We have big players available in the logistics industry to help new businesses. They are even ready to provide discounted rate if you are just starting out. So logistics is not an issue whatsoever.

Quote
3. is the transaction speed an issue for retail transactions?? major cards payments are done instantly (maybe this speed is needed for impulse purchases Cheesy)

Somewhat true! However, we have services like Bitpay, Polispay to overcome such issues. Even LN has already started functioning. So speed issues can be taken care. There is another one issue you have missed out - Crypto regulations. If we leave some countries like Japan or Germany or even US, majority of the countries don't have any regulations around crypto currencies. For majority of the countries, crypto is not even a legal form of money. That's what needs to be sorted out first if we really want to see a big marketplace in crypto market.
3738  Other / Off-topic / Re: Pi network on: April 27, 2020, 06:59:53 AM
So why would these free tokens ever be worth anything?
Is it going to be adapted by people to use for what, payments and in the future it will have value?
Just because it can be mined on phones?

I've seen this spammed a lot lately and I'm not getting why people would use this.
The only people who has reason to promote it is those who get the free tokens early on in hopes of it being worth something later.

Yes of course we hope it will be worth something, but best thing you need to invest 0$ so you lose nothing if this is worth nothing and project goes down.
Why I believe it can have success is that it is different from other mobile coins, Electroneum for example which uses proof of work and puts heavy pressure on your phone and battery. Mining pi is effortless because of their consensus algorithms.
If its so easy to mine it will be worth nothing. This is a scam. Like webcoin.

I have the same feeling. It only takes a smartphone to mine and nothing else. Everyday you will have to open the app and continue the mining - that's it! I don't see any real life utilities either. Also the web development team is super slow. They took around 7 months to release their node. So I don't see any reason to continue mining this coin. As soon as it is listed in the exchange, people will sell of their holdings and get out of it. A simple mechanism to make money by the developers it seems!
3739  Bitcoin / Bitcoin Discussion / Re: Payment platforms that support Visa or Mastercard cards = the future of Bitcoin? on: April 27, 2020, 05:54:02 AM

maybe for developed countries and internet facilities that support it well, transactions like you said will not be a problem. because obviously it is helped if a bitcoin transaction can do that.
but there are still many on the other side the country still has not received the internet network properly, clearly cannot recognize bitcoin for a transaction.
for me the bitcoin transaction actually makes it difficult because of the familiarity that has been done. it's better to trade with fiat and then do all the transactions.

In a country that doesn't have interest infrastructure, probably won't have Visa or Mastercard infrastructure as well. Even with proper internet connection, a lot of countries have failed to recognize bitcoin as a method of payment. There are major countries as well where there is no clear guidelines provided for crypto transactions. In such areas, services like Bitpay or Polispay can bring good changes.

It makes sense because you will have to load the card using cryptocurrency and swipe your card in any POS terminal wherever you want. It brings mainstream adoption closer to the mass. 
3740  Economy / Speculation / Re: What this Bitcoin halving bring? Does the Bitcoin price go up or down? on: April 27, 2020, 05:05:05 AM
After the last halving before four years (2016) the industry has changed 360 degrees as cryptocurrencies — and Bitcoin becomes more popular. Cryptocurrency is becoming part of the mainstream and is used as one of the utility options.
It was presumed that with this halving Bitcoin price will go up, but due to the ongoing pandemic of Coronavirus situation is changing drastically, therefore, now on the basis of these scenarios it will be interesting to see that, what this Bitcoin halving bring? Does the Bitcoin price go up or down?

Ideally yes! The bitcoin price should go up before and post the halving. However, liquidity is also important at the same time. Looking at the current situation the world is facing, it seems hard at this moment. because the price will only go up if the liquidity in the market increases along with the halving. If we don't see liquidity entering into the market, then the price increase may not sustain. If you want to look at the past price trends, you may look at the below picture,



ref: https://www.coinmama.com/blog/the-bitcoin-halving-a-history/

But please don't assume that the past performance will be repeated this time, because we are going through an extraordinary time.
Pages: « 1 ... 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 [187] 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 ... 426 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!