Well everyone wants to make money 95% of the users are here to make extra money and learn more about coins as well. Nobody would do something for bitcoin if you didn't get money.
So calm down. Some users are here also for hobby and they get extra money.
No! The point was never to "make money". The point was to revolutionise the way in which we represent a medium of exchange and providing a new, secure way in which it can be done without a third intermediary. If your only here to make money then I politely ask for you to fuck off. Because in the long-run, if you stop making money, we all know that 100% of that 90% would leave without a second thought. They don't give two cents about what bitcoin represents or how it is so game-changing. Purely here because of greed. I consider miners as third intermediary, as your transaction will get stuck without them. without investors, bitcoin price will not reach current price, over $7400. Event though many people or mostly will cash out their investment in order to extract profits. waiting for the price drop back and then buy back in the dip, again. Unfortunately, this happen due to most government doesn't legalize bitcoin as legal payment such in Japan. It's not easy to spend bitcoin directly whenever you are shoping in a grocery or merchant. Until the time has come when I can spend bitcoin easily, directly, everywhere, bitcoin still become an asset for me, a store of value. |
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Honestly, I really like the charts which I didn't realize;
- it takes 873 days for bitcoin to reach $1000, and then collapse due to MT-Gox hacked.
- it takes 907 days for bitcoin to reach $2000 on May 20th 2017
- 56 days to reach $3000 on August 2017
- 6 days to reach $4000
- 44 days to reach $5000
- 13 days to reach $6000
- 4 days to reach another ATH at $7000
And bitcoin still on rally to reach $8000, who knows.
But, there are some people who still argue whether bitcoin is a legitimate asset or just a super-bubble waiting to implode? LoL
No matter what they are saying about bitcoin, many people stated bitcoin has died hundreds of times, but bitcoin keep rising, going through all of the obstacles.
As long as there are people who believe and support bitcoin community, it will grow bigger over time.
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Bitcoin price will always increase over time, if you don't buy it right now, you may find it $6500 tomorrow and $7000 in the next month.
If you want to trade with small amount of money, just buy altcoins such as monero, ethereum, dash, litecoin, qtum, lisk, waves, ubiq, and so on.
But, do a research about those coins before decide to invest in one coin.
If you have much money, trading bitcoin maybe profitable and guaranteed due to its value always growing, but most people trade altcoins due to low price and higher profit even though its price increase $1. Number of multipliers which generate higher profit compare to trade bitcoin.
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You have the private keys, right? You should install electrum wallet, download it here https://electrum.org/download.html After install electrum wallet, follow steps: choose standard wallet, create a new seed, copy all the seed (12 words), paste, create a password, there you go. Then you have an electrum wallet, follow steps: - wallet > private keys > sweep - enter private keys > sweep - broadcast to the network |
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Does hoarding really hurt Bitcoin?
Nope. Everyone is free to hoard. It's really stupid when people claim "if you just hoard it, and don't transact it, you are hurting bitcoin!". What the hell is this logic? It is my bitcoin, I do whatever I want with it. If I choose to hoard it then so be it. It is stupid to spend your high quality money that appreciates with time when you have bad quality money that depreciates with time (fiat) to spend things you can already buy with it. Hold the bitcoin, dump the fiat, that is what the intelligent people do. There's no point in doing payments in bitcoin unless you really need to (like paying an VPN service for example.) For some people with big amount of bitcoin, it maybe yes due to they can dump bitcoin price instantly after some sell strikes within hours. Consider how many bitcoins generated everyday; As of the latest block reward halving on 9th of July 2016 each block now generates 12.5 new bitcoins. On average a block should be mined each 10 minutes but, because of the constant growth of hashing power (at least until now) each block takes close to 9 min on average to be mined. That means we mine, on average between 1440/10*12.5 and 1440/9*12.5 so between 1800 and 2000 per day.Miners could generate so many bitcoins in a day, and the big whales of this crypto world are the miners with mining pools. They have to sell bitcoin everyday to cover their daily expenses, in that case, bitcoin distribute among the holders, investors or traders. Fortunately, most people can't wait to extract profits by selling their bitcoins which make it distributed and spread widely, instead of just hoarding. |
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Bitcoin meant to be a currency with its feature of decentralization, but for now most people use bitcoin and other cryptos to trade and a way to make money as you mentioned.
It's happen due to bitcoin acceptance in countries are different, maybe there are more people who knows and use bitcoin in Japan and US compare to third world countries.
Then, the most significant thing of bitcoin usability is merchants, stores, business, companies which accept bitcoin payment, if people could spend bitcoin to cover their daily needs or pay all of their bills, bitcoin will get more adopters who willing to use it everyday as a currency.
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I've never find bittrex ask for name, maybe it's because new regulations in your country regarding KYC, where do you live? Or it just a general rules for fulfill their documents just in case. I thought it is clear that you have tocontact their support and it may take 7 days or longer due to their customers like Million people asking for help for their transactions everyday. Well, I prefer to use local exchanges, require id verification but don't have to send fresh selfie, LoL.
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For newbies; remember if you are holding bitcoin, it's profitable as well due to bitcoin price constantly increase over time. If you want to invest, do some research about some sites and projects around, but there will always a risk to lose your funds. A project which has a product or usability (not just a coin) such as invest in Icerock mining which developers already build a mining rig inside Icerock cave in Kazakhstan. They have low cost electricity ($0.03/Kwh) and cooling system which profitable for investors and whoever decide to get mining contract, visit https://icerockmining.io/ for more information. |
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I think it's funny as warren buffet have invested in bitcoin, or it just a wrong information.
However, he's maybe right about initial coin offerings, but not all of could be stated as a completely unjustified hype due to some project really need crowfunding and develop in a good way so far, as long as it has product, real usability, and profitable for investors in the future.
Bitcoin is a bubble, maybe he's rifght about it, but it is a bubble which its value keep growing and more likely never pop. Bitcoin is a better monetary system compare to banks with all of their high interest to extract money from their customers.
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bitcoin payment, offer a a PRODUCT to sell and SERVICEs who want to invest on this kind of business  What makes it unique, dude? services What kind of services? do you mean payment method using cypto, because there are too many similar services even though mostly doesn't accept bitcoin. At least, do you have an app or website to offers all those products and services? How long you have been in this business? Do you serious with this project? than why didn't provide more information? |
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We will release more details about the contest before the alpha release.
Our exchange will be with real money. Deposits and withdrawals will be enabled during the beta release which we are planning roll out during December.
We are going to release some details about the alpha release during the next week.
We will be happy to have you on board to test our platform before the main launch in December.
I'm interested, even the name of this exchanges is a thing "NakamotoX", I thought it was an exchange based in Japan, but is it from Czech? I would like to participate in alpha version contest, how to get invited? just submit my email address? But, after fill email address it's turn out to be: We apologize, your request cannot be processedas your site mentioned; For initial launch of our platform and testing of its stability, first 10 000 users will be invited. is it mean 10K users already got invited? am I too late? Thanks |
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Possibly not in the end of the year, but bitcoin may reach $10,000 in the mid of 2018.
From $6200 to $10K within 2 months, we need more than China and US government legalized bitcoin payment, LoL.
Normally, bitcoin may reach $7000 as the highest price by the end of the year, if trading volume keep on track without any bad news or price correction anymore.
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Although 99% of cloud mining sites out there are fake there are some sites which are legit and pay out to it's users.
Sites like genesis and hashflare claims to give it's users returns on their investments. Although I don't recommend you investing into cloud mining sites. They are not so profitable and that is why people don't invest in them anymore. You should try holding coins than invest in some cloud mining program.
Indeed, over 90% of cloud mining sites out there are scam, but 99%? I don't know. There are some legit cloud mining such as hashnet, viabtc, bitcoin pool, hashflare, genesis ( https://www.coinstaker.com/bitcoin-cloud-mining) and the best cloud mining to invest right now is Icerock Mining. Don't miss ICO sale of Icerock mining as they offers profitable investment for investors and you can choose to be a miner for 2 years contract as well. |
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At this point does anyone even care?
Bitcoin is stronger than ever with over $100B market cap and $6.2K each, without China.
While it is positive news, I don't think anyone cares what China is doing with Bitcoin anymore. I feel as though they have lost their influential position..
I suppose we'll find out in the coming weeks. Such rumors are spread for a reason.
China has one of the biggest cryptocurrency trading volume obviously, it doesn't matter if you and me care about China govs regulate bitcoin. But, after they cracked down, bitcoin price dropped significantly, which mean Chinese bitcoiners are biggest players in the market, especially miners and mining pool in there. Actually, China government never ban bitcoin or even exchanges, as Huobi and OkCoin still operate until today, and their's bitcoin exchange rate even higher than global exchanges. |
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Bitcoin price seems stand strong recently and may increase to $6500 until next hard fork, I guess.
people tend to buy more bitcoins during the way of hard fork which created another free altcoin for 1:1 for bitcoin holders.
On the other hand, altcoins may drop a little bit due to investors and traders may allocate their funds into bitcoin.
However, there is a possibility of bitcoin price decline after hard fork, but btc1 may get dumped harder after get listed on exchanges.
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BTG hard fork seems nothing to bitcoiners, nothing significant and serious so far due to after bitcoin gold hardfork, its website came under ddos attack. BTG developers claim to re-decentralized mining industry of bitcoin, or in this case mining BTG (altcoin), and they mentioned to distribute BTG on November 1st, if that's true then we will wait until tomorrow. But, I don't have any clue to claim btg, maybe through coinomi wallet, as there is an article mentioned: Collecting your free Bitcoin Gold ($BTG) coins with Coinomi https://medium.com/@coinomi/collecting-your-free-bitcoin-gold-btg-coins-da937d4255d1Looks like they are working on replay protection as well. working on the same 2-way replay protection as Bitcoin Cash. Currently we have two implementations. PR1 is from our dev team and PR2 is from an anonymous person seeking the bounty. The two implementations are roughly the same but both need improvements on testing. https://bitcoingold.org/bitcoin-gold-dev-update-1/ |
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Bitcoin price fluctuate a lot and sometimes could rise and fall within minutes.
$6500 is very close to the latest ATH around $6345, less than $200. But, people tend to sell-off in every peak to gain profits,
Current price is over $6050 across global exchanges and seems struggling to stand on $6K mark.
I guess, bitcoin could reach $6500 in this month due to the allure of free tokens from upcoming hard fork on October 16th.
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Bitcoin nodes security is out of question, over 8 years and still on development, core developers keep it safe.
The most vulnerable side of bitcoin is "the person" who have entire information how to access to the address, if he forget his password, no one could recover bitcoin in his wallet, as simple as that. Even for quantum computers can not hack bitcoin, as there is a precaution nodes for it.
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Bitcoin will be just fine, you are being paranoid. Running a full node always helps the network, it won't do anything special now. It isn't a voting system, it doesn't matter when it comes to forks. There might be a bit of lost connections during a fork as nodes start following different chain and disconnect, but this will last for a very short time and if you want to help for this purpose only then just run it during those 10 minutes when the fork happens.
That's right, straight to the point if run Core full node just for avoid B2x hard fork, 10 minutes will be enough. I would like to run Bitcoin core someday when I have new pc, but for now I don't have enough space disk to storing a copy of the blockchain. Look at the recommended minimum requirements for Bitcoin core full nodes:
- At least 145GB disk space
- Download capacity of 500MB/day (15GB/month), plus a one-time 140GB download the first time you launch Bitcoin Core
- Upload speed of 5GB/day (150GB/month)
- 1GB RAM
- Desktop, laptop, or compatible ARM chipsetB2x hard fork will be live on October 16th, right? But it seems 2x supports continues to decline over time. |
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China government may rescind ban on cryptocurrency, but did they really ban it?
As they have issued some regulations to ban ICO for the first phase, then cracked down on exchanges which led to most of them closed.
But Huobi and OKCoin have announced will remain in business until end of October, which is today.
I thought China never ban cryptocurrency at all, even china exchanges have one of the higher rate for bitcoin price, more than bithumb or bitfinex.
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