Bitcoin Forum
June 18, 2024, 09:32:02 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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] 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 ... 296 »
3821  Other / Beginners & Help / Re: Why did I only make 0p? Noobie excited but let down by pure confusion on: October 26, 2020, 02:22:57 AM
Reading what’s been posted, I really have no idea how I would make money each day with my small £100GBP.

Slightly disappointed tbh, though I could make at least a couple of pounds.
If you're a newbie and just on your first trade, making profits should not be the initial goal, but rather you should look to get more knowledge about trading; what sites to trade on, what currency pairs to use, how best to enter and exit a market, it is unrealistic to expect a regular return so early on.

But I got to make sure I’m a least selling and buying for more than 0.5% difference to make a profit, is that doable? Maybe two of them a day?
Bitcoin is up almost 14% over that past one week, finding a 0.5% window within that period is doable, two times a day is also doable, it is also very possible you'll lose cash should the market temporarily go against you.
3822  Other / Meta / Re: Question about being banned... on: October 26, 2020, 01:50:50 AM
As for the ban evasion. I initially made "teege," but then made "noncanonical" for privacy reasons. The latter was banned, so I went bet to the original. There was no intentional ban evasion here. You can look up the ages of those accounts and verify that I'm being honest.
The rules are still pretty straight forward and apply in this situation, regardless of which of your accounts were registered first a ban on one would affect any other ones.

As for the appeals process, it is very discouraging. The notice essentially tells you that they won't even consider what you have to say.
If you feel you were undeserving of a ban, then go for it (an appeal). I've seen a few cases reversed and the cases would actually be considered, so there's a chance although not a very good one.
It all depends on what you were actually banned for, I cannot readily get much information now as your nonaconical  account was nuked.

You should also note that any post made outside your appeal thread in Meta would count as ban evasion. (https://bitcointalk.org/index.php?topic=5284377.msg55451483#msg55451483)
3823  Other / Beginners & Help / Re: Why did I only make 0p? Noobie excited but let down by pure confusion on: October 25, 2020, 08:37:15 PM
Above comments about other fees attached are accurate and could apply depending on the nature of the trade.

There's also the possibility of currency conversion fees which affects the price when buying on an exchange, however, this would only apply if you're not from a country which uses pounds; in my country for example exchanges charge a lower amount when buying bitcoins from you than when selling to you to cover for the cost of conversion, which would lead to a difference in value when placing a 'bid' or when 'asking' for a buy.
3824  Other / Beginners & Help / Re: Exploring bitcointalk on: October 25, 2020, 08:13:47 PM
Like in "audience by geography" you have the most visitors from India with the US being second.
Then in "traffic by country" you have the US first, followed by Germany, and there's no India at all.
In the 'audience by geography' segment, it is written that it covers the past 30 days only, while the 'traffic by country', seems to cover all time. So it would mean that India is getting more traffic on the forum just recently but are still behind on the all-time ranking, monitoring the data for a longer period would put the details into perspective.

Also, I want to seek some help where I can get stats of the bitcointalk? To use on my project.
Most of the forum stats especially those on traffic score are disabled now. The ones I think we have now are the weekly merit data dump by theymos and merit dashboard managed by Ddmrddmr
3825  Bitcoin / Bitcoin Discussion / Re: Which is more important bitcoin or fiat? on: October 25, 2020, 06:13:36 AM
Bitcoin is money, fiat is money but which is more important? That is all I want to know and this is why I made the poll.
Saying Bitcoin is money is limiting and adding 'fiat is money' in the same sentence created a sort of comparison between both which does not really exist. If I was looking for a dis-inflationary asset to invest in, I would definitely prefer Bitcoin as fiat is influenced by supply shocks and economic situations. For a more liquid asset with which to make daily purchases, I'll use fiat, as Bitcoin is not mainstream yet.
I cannot see any, one or the other situation.

It is just so hypocrite to say that you do not need fiat because you have bitcoin. But they know that bitcoin will be traded soon with fiat currency when ATH happen. Am I wrong? If not then hold your bitcoin and use it whatever you wanted like paying hospitalization bills and etc. 😂 but for ordinary people will definitely going to sell their bitcoin once ath happen and that is real talk./b]
No one is being hypocritical about the utilities of Bitcoin and fiat, Bitcoin is barely 11 years old, and should not be compared with currencies that have lasted for several decades, the fact that it is shows the growth of the Bitcoin network.
Also, If someone is selling their bitcoins, it means someone else is buying them up, so people would always hold them.

But you do not answer my question about which will you going to pick?
As I said earlier, there does not have to be a one or the other situation, both are quite different and serve different purposes at this point.

Edit
I did not see you mention it earlier. Sorry but I am confused.
I just boldened where I mentioned it earlier in the same reply.
3826  Other / Beginners & Help / Re: After a long journey.. on: October 24, 2020, 03:27:45 PM
Congratulations on your new rank and good luck on your next target.
3827  Economy / Economics / Re: Lend at Hodl Hodl: True P2P Bitcoin lending is here on: October 24, 2020, 02:25:01 PM
That is what I am thinking of, there should be interest to keep this service afloat. The problem with that is they need to find the sweet spot of interest rate that is not painstaking to the lenders but still profitable for the lenders.
This is a peer to peer network which connects lenders to borrowers through their platform, so any interest on loans does not go into keeping the service afloat as it goes to the lender and not the website (The website charges -1% of the loan amount to be paid by the borrower, according to their FAQ, and claims to have no hidden charges.). Also, since it is P2P, both parties set the rates which would apply to their contract and which is suitable for everyone
What are the interest rates?
Interest rates are set by you or your counterparty, and are set for the whole loan term. For example:

...

You set the terms!

Overall I am quite impressed with the service and they seem to have covered lots of possible loose ends, this service should drive more users to decentralized platforms such as this which would help improve their liquidity.
3828  Bitcoin / Bitcoin Discussion / Re: Why should we welcome centralized bodies for Bitcoin mainstream on: October 24, 2020, 12:41:54 PM
Bitcoin has a couple of unique qualities which makes it stand out such as; decentralized, pseudo anonymous, immutable, transparent. If it was accessed using centralized platforms like PayPal, all of these qualities would be undermined:

• It would definitely become centralized as the platform would control the funds stored on them,
• There is a KYC process involved in setting up an account so users are not anonymous by any means,
• As it is centralized transactions can be blocked, reversed, and accounts can be frozen.

I would not call these small sacrifices as Bitcoin would be losing most of its core values. But, such Bitcoin adoption cannot be stopped and would keep happening even after PayPal, Bitcoin holders should ensure they do not use Bitcoin as a regulated currency.
3829  Other / Meta / Re: Activity & new membergroup limits on: October 24, 2020, 06:37:23 AM
I wonder why theymos did not upadate or lock the thread and create a new thread which is updated.
Theymos actually updated this thread after the merit system was included;
The new membergroup limits work like this: (Edit: Obsolete, do not use)
A new thread was also created with current information, which I linked in my initial reply.

I just have this thoughts, what if they will get back in the forum. Coild it be possible that they were already left behind with the new trends in cryptocurrency?
It's possible, although members can browse the forum without logging in and there are other sites through which one can stay updated on cryptocurrency discussions.
3830  Other / Beginners & Help / Re: Can i post... on: October 24, 2020, 05:41:11 AM
Spamming your ref link is against the forum rules, you have the option to advertise a website within your post area but, consider rule 24 of the forum guidelines;
Quote
24. Advertisements (including signatures within the post area) in posts aren't allowed unless the post is in a thread you started and is really substantial and useful.[9][e]
You cannot simply drop replies on other user's thread with your website link as it would be derailing the topic, also if you wanted to start your own thread, you need to put in the effort to make your post worthwhile.

The bottom line is, if you're here to simply promote or advertise a website, you're here for the wrong reason, and would need to contribute and be a part of the community first, or get to the necessary rank needed to wear a signature (there is also the option to purchase copper membership)
3831  Bitcoin / Bitcoin Discussion / Re: Why criminals still use Bitcoin? on: October 23, 2020, 05:50:16 PM
Bitcoin is also accessible and convenient so it will be easy for them to use it than fiat.
Fiat actually accounts for majority of illegal activities with Bitcoin being used for only a small percentage. Also cash is more readily accessible and convenient, it is also untraceable. I believe the OP was comparing Bitcoin with more privacy centered cryptocurrencies like monero and why Bitcoin is still preferred to those coins; although the article did not offer much by way of factual evidence, I would agree to it as Bitcoin is more liquid and established than most other currencies. As an enthusiast I would rather hold my assets in BTC, so same could be said for some scammers.

Exactly, as we noticed of crypto exchanges hacking, the criminals hold their Bitcoin for a while on the wallet and they let years will pass.
They would still need to use other methods to obfuscate the flow of transactions, like by using a coin mixer. Converting through an exchange despite the amount of gap time leaves a permanent print on the blockchain which can be discovered at any point in time.

I would like to know if the mixer service can do the mixing if the amount of bitcoins you want to mix is ​​large ?
As I recall, Mixer service can break treceability if bitcoin are in small amount but it would be difficult to do it if the transaction was larger. I read it in an article.
On Chipmixer for example you can buy chips ranging to above 8BTC IIRC, this is a pretty large amount and if split into different chips it is relatively easy to effect a much larger amount than that.
3832  Economy / Services / Re: [OPEN] BestChange Signature Campaign | Sr Member+ on: October 23, 2020, 12:51:35 PM
When you say "can accept no more", you mean that you will simply not count such posts, or do you mean you will punish the participant ?
In my opinion, it means the manager would accept no more than 10% of posts in those boards for the weekly quota, I doubt there would be any other punishment as long as the user meets the minimum post number for the week in boards/threads that counts (10 posts).
3833  Bitcoin / Bitcoin Discussion / Re: Thinking Bitcoin is Scam on: October 23, 2020, 07:30:40 AM
If I read you correctly are you implying that once a central bank digital currency is going to be implemented that would be the end of bitcoin? What do you mean that (bitcoin) can be dropped very easily? No CBDC can replace the very characteristics which make bitcoin and its protocol special. CBDC will be an entry in a SQL database
No, I do not mean it would be the end of Bitcoin at all, I was discussing the adoption of Bitcoin by profit-oriented platforms such as PayPal; They are not implementing Bitcoin into their protocol for it's unique qualities, if it was so, they would have not added other cryptocurrencies like ETH, USDT or BCash, in a situation where a CBDC which offers more volume and an easier transition with the traditional financial system is set up, such platforms could switch over so as to make more profits, they can also be influenced by government agencies to adopt the centralized currencies, same with individuals who adopt Bitcoin through such platforms for convenience.

This would not in any way be the end of Bitcoin, it has qualities which makes it stand out among other competing asset classes and more people would wake up to this with time, and why it is beneficial to them. A government currency built on the blockchain would not change that.
3834  Bitcoin / Bitcoin Discussion / Re: Thinking Bitcoin is Scam on: October 23, 2020, 06:07:53 AM
There really is no intelligent argument which suggests the Bitcoin is a scam. Lack of understanding of a particular technology does not mean it is a scam, the only people who hold and spread this fud are the government and probably others who regret not buying bitcoins, and PayPal adoption of cryptocurrencies would not change this idea. There is a chance it would help educate those who do not fully understand Bitcoin technology, but these profit oriented companies would give the version of Bitcoin they want their customers to know, a centralized payment system, which is as convenient as managing fiat.
Most people and establishments have been relatively skeptical about bitcoin, as is natural with any new technology especially a monetary software system which functions as an alternative to the norm.

One of the issues with adoption of Bitcoin by centralized platforms, is that it can be dropped very easily should a government launch their CBDC, and users who only adopt Bitcoin when it is convenient would as easily switch to operating the blockchain fiat
3835  Other / Meta / Re: Activity & new membergroup limits on: October 23, 2020, 05:35:43 AM
<...>
The information here is already obsolete since the launch of the merit system, so making posts to rank up no longer works. You already have Jr. Member activity, but since you lack merits you are still at newbie rank. Check out this thread - Merit & new rank requirements
3836  Economy / Speculation / Re: Bitcoin broke $13k today on: October 22, 2020, 06:43:51 PM
whether we like it or not the adoption of crypto by paypal might be one the factor responsible for it,
This is true, even though implementation of cryptocurrency services on PayPal would not be available until next year, it is being priced in by investors now as they expect it would be good for adoption considering the reach PayPal has.
In my opinion, the bull run has been brewing for a couple of months with increased adoption and utility of Bitcoin, it just needed a catalyst to stimulate the market sentiment and move the price, which PayPal partly did.

Few days ago I said I will get really excited when Bitcoin breaks above $12k, holds that position and builds a new support within that range, safe to say; I am getting a bit excited. Also, the price is only catching up with the growth of the network and I believe there's still a huge gap between them, maybe we touch $14-15k in the coming weeks and if possible a new ATH in a couple of months.
3837  Bitcoin / Bitcoin Discussion / Re: Jamie Dimon's ( "Bitcon is a scam") Bank -JP Morgan Chase- Fined 1 Billion on: October 22, 2020, 06:34:44 PM
<...>
One of the reasons for this could be that people are less sensitive to scams related to banks as the whole system is built on it, so such news does not get much traffic when reported or is not reported broadly so as not to create panic. But when scams is related to Bitcoin, no matter how loose the connection is, it usually gathers lots of attention; The massive printing of money was reported by lots of media houses but was not debated heavily on general forums, such a supply hike in a currency like bitcoin would surely get much more interest.

There's also the case of government pushing the narrative that Bitcoin facilitates scams through media houses.
3838  Other / Beginners & Help / Re: Best non kyc exchange to use and how it fits with trezor on: October 22, 2020, 03:25:42 PM
Ok thanks a lot quite a lot to take in there but at least now I know that using paypal most likely wouldn't be the best option for me.
Take it a step at a time, consuming lots of information at a time can be quite overwhelming and lead to overload. It would be better to identify what your looking for in an exchange to help narrow your search;
• Since you specified 'non kyc' you probably value privacy, this of course rules out PayPal as you wrote, there are centralized exchanges that help you buy/sell without submitting documents, but only for transactions below a certain amount.
• Autonomy is also another quality that goes hand in hand with privacy, decentralizated exchanges usually do not require documents, but as said by another user above, that is not always the case.
• Other qualities you should look out for is credibility and reputation.

One note I should add on the hardware wallet, you could probably use a coin mixing or joining service so as to break the chain of transaction and protect your privacy, this is of course for when you've actually made a purchase.
3839  Other / Meta / Re: Voting for important forum changes on: October 22, 2020, 12:53:13 PM
Now we have some secret like society system where someone can be unbanned if he knows a friend of a friend.
Others don't have that privilege.
Wouldn't a voting system lead to just that? One would need to be friends with other members to get their positive votes. A member with a strong community would have a much higher chance of getting unbanned in a situation as they'll get more votes. In the current system, the admins/staffs and moderators effectively regulate the forum, the DT members also regulate the trust system to an extent, these systems are somewhat influenced by members of the forum, as we can suggest mods, vote on Default Trust members etc, so while the system is controlled from the top (admins) the general community can still chime in and drop their support or opposition in certain cases.

Voting can be done by poll option, or with more complex blockchain solution.
This would be practically difficult to implement and also easy to abuse, it would need a certain rank threshold for votes to count, similar to the voting for DTs, but even in that case, the admins still make the final decision.
3840  Economy / Speculation / Re: PayPal to open up network to cryptocurrencies on: October 22, 2020, 07:55:15 AM
For many old people who got tons of money and aren't too technical then Paypal would be perfect. They would just open their app, buy it on there and just keep it as an investment. Much easier than having to open a Coinbase account or go to a bitcoin ATM. So since they got such a huge audience this is pretty bullish event in my opinion. Just as big as the BTC futures annoucement a few years back.
Using it as a means of purchase is a positive as they have a wide customer base and it connects merchants to consumers of their service. I would however not recommend anyone store their funds on a centralized platform, the risk of; 'not your keys, not your coins' applies in exchanges (CEX) and would also apply in PayPal. Anyone who stores a decentralized currency on a centralized platform undermines the purpose of holding it, and is subject to risk of their funds being seized or their details being sold.
Downloading a Bitcoin wallet for storing your funds is pretty easy, and if the private keys are generated on an air-gapped device it can hold much larger funds, without the need for a hardware wallet (although this is recommended).

This is definitely big news for overall adoption and promotion of Bitcoin and in the long run centralized platforms would contribute to making Bitcoin mainstream, this does not however have to come at the cost of orivace and financial freedom.
Pages: « 1 ... 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] 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 ... 296 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!