4. The sender
If I'm receiving bitcoin from someone I know, I sometimes don't care about the number of confirmation. In those cases 0 is as safe for me as anything else. In other cases, I would wait for more than that.
Also, how about adding " The receiver" If the receiver is a donating address (let's say for a charity or an open source project) they wouldn't mind any confirmations at all right ? In this case 0 confirmation would be considered safe as well. I think it's not that simple if the charity/open source project uses payment processor or have legal obligation where they might need to obtain information of the donator. But isn't charity/donation is many times given anonymously. In that case obtaining donator information wouldn't be necessary. Besides that, getting donator information can be done regardless of the number of confirmations for the particular transaction. I guess they can get the donator information even for 0 confirmation transactions since it is for charity/donation anyway right ? |
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As many of them here even I do all the three. Most of it goes to savings and I exchange some of it to fiat when I am in need of some money.
The rest of it goes to gambling and betting. Also, I use some of it occasionally for purchases through cryptocurrency.
Signature campaign earning have really helped me a lot in the past few years.
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Actually that is the point I had not noticed any of that, I only got to wayear ( wager ), And yes! It's nice that they give you some tokens for activating 2fa. Among other things ...
Yes and there's one more bonus which is my favorite and that is the 0.002 EOS which we get for running martingale script 10 times. What's more fund is that we can run the martingale on JB coins as well which we get for free in the daily free spin. It's like you never get out of balance on BC.GAME |
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Just used up 2 free tickets in the Roulette email coupons and both were lottery tickets. 5000 + 50, and judging from the results of the last round, I now have about the same number of tickets as more than half of the winners;) Maybe this week's my lucky one eh?
Be nice to hit something big on the freeoll while BTC is in a dip. Playing more often than usual this new month!
Good luck bro! Even I had once got 5000 free lottery tickets but ended up in not getting any lottery in any of those tickets. Wish you good luck and that you win something out of those free tickets. It's only 14 hours left to place bets on BITCOIN PRICE - JANUARY.
I just placed mine.
~snip
So, I spent on all my bets in total 16.5k sats, and if BTC at 23:59 UTC on the 31st of January ends up in one of those ranges, I will earn either a small amount, like 10k sats, or not that small, 500k in the "$15,001 - $17,000" case, or 300k+ in the case of "$10,001 - $12,500"
~snip
What about you, guys? Which ranges have you covered?
I just placed my bets today on both Bitcoin and Ethereum price January. For bitcoin I covered the range $30,000 - $40,000 and I think the price might land in this range by 31st.
For ethereum I just placed my bet on one range which was $1250 - $1500 which is again a sweet spot for ether to land on this range.
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As a result, most people and exchanges started to request only a single confirmation, and that includes the top largest exchanges like Binance
What some random company does should never be a reliable source for you to make decisions. Specially if the company is owned by someone who doesn't even understand bitcoin, so much so that the owner begged for a 51% attack/rollback of bitcoin blocks just because his service didn't have enough security to prevent the large hack that led to them losing a lot of money! Right on point ! Though binance returned their users money, it failed itself in the first attempt by requesting for a rollback just to prevent the hack. They didn't even think what implications it would make in the community before making that post. 4. The sender
If I'm receiving bitcoin from someone I know, I sometimes don't care about the number of confirmation. In those cases 0 is as safe for me as anything else. In other cases, I would wait for more than that.
Also, how about adding " The receiver" If the receiver is a donating address (let's say for a charity or an open source project) they wouldn't mind any confirmations at all right ? In this case 0 confirmation would be considered safe as well. |
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These all could only be achieved if Finance Minister stands in Parliament and clearly state that cryptocurrencies are Remember what happened when Late. Arun Jaitley stood up and issued warning on the use of cryptocurrencies in Parliament three years ago? The price of bitcoin flunked to Rs. 2,50,000 (upto 35% discount) in India. Reverse can happen if FM gives positive speech in upcoming budget session.
That's bound to happen. There are literally many people in India who don't trade crypto just because it isn't legal yet. Once the Finance Minister announces the regulations the Indian crypto market might see heavy surge in bitcoin's price. Other potential altcoins might see a boost too. I had bought a domain a long time ago thinking I would start crypto related e-commerce website specifically for India. Always, found the counter argument on why it wouldn't work as one could just use fiat and avoid the transaction fees etc. Do you think there's any scope for crypto e-commerce in India? India sees a huge share in trading volume when it comes to crypto but I feel a large share of it is to just HODL or just trade it like stocks. Would you like to buy goods with your crypto?
Edit: Most of the crypto e-commerce international websites just somehow turn into a mini dark-netish web spaces where its ultimately about discounted digital goods that were acquired from stolen credit cards. A complete turn off. Another argument is, its hard to compete with the fiat giants of Amazon, Flipkart with money being pumped into them like theres no tomorrow.
I think it would be a good thing for you to wait right now on how the regulations are brought forward for crypto in India. Once crypto is legalized, you can throw up a survey for your crypto e-commerce site and get people's response on it, which will give you a better understanding on how you should make your next move. Keeping things simple here would be more of a benefit in my opinion. |
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As far for now ,just hope at upcoming budget i.e. coming on 1 feb
there must be some regulations regarding crypto ,so the danger of it getting banned again is gone.
Even I am eagerly waiting for what the upcoming Union budget has to declare for crypto. If crypto gets regulated I will be personally happy about it since it will be legalized completely in India. We will be able to trade without any fear. We might also be able to see mixed sentiments in the Indian crypto community since many people who trade crypto are unwilling to pay taxes for it. Hence it might lead to some political debates as well. Seriously though, this space is so new that people will throw money at you for working openly in it.
True ! May be even they know that people will definitely throw their money in it and that's why they planned on to create such a crypto bank. Although crypto banks is inevitable I think we all should probably wait until this one is well established given the allegations which were put upon them related to cashaa hack. One who suffered the losses in the hack would definitely think thrice before trusting them again. |
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Question from BTT Expert
Can anyone explain that how the prices of bitcoin goes up and falls down? Any verified Reasons? Bitcoin price fluctuates based on the demand and supply. When demand is more it means more number of people are buying bitcoins and hence bitcoin price goes up. When demand is less, people are selling their bitcoins and hence the price goes down. How and what is the procedure other then academic economics? There are also other factors which derive the spike in bitcoin's price such as psychological factors, news and media, FUD and FOMO etc.. The current FUD related to double spending of bitcoin is a solid example of how FUD can lead to decrease in bitcoin's price. Also explain that if we ary buying it through money and exchange it through money and save that money in our bank accounts, then how we cay say that it is not monitorised by banks? And there is no middle man in between and it is peer to peer currency? Are not we are fooling ourselves?
You need to buy bitcoin through fiat. Although there are other ways to earn bitcoin for this example let's consider you are buying bitcoin through fiat from an exchange. This is the basic need to acquire bitcoin in this case but once you have those bitcoins in your bitcoin wallet you can do anything with it. You can send it to anybody without involving any middle man. You can control your bitcoins and nobody 3rd party is required to have control over your money. You can even spend it for shopping online as there are services which accept bitcoins directly. But if you want to exchange your bitcoins for fiat then you will need to exchange it and then get the amount to your bank account. I hope I answered your queries. |
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No. No double spend happened. Cointelegraph is asking opinion about BSV and BCH scammers. This is a very common situation, which was specified in the whitepaper 12 years ago. Two miners mined a block at the same time with different transactions, and a RBF uin one of them. After a few blocks this situation will be normalized, as predicted in the whitepaper. This is very common, and COINTELEGRAPH is spreading FUD to get clicks. This is why exchanges asks for a 6 block confirmation before accepting your transation. https://twitter.com/aantonop/status/1352250328960229377This is exactly what am telling people whom I know that they shouldn't panic so much. It just happened out of a coincidence and the bitcoin protocol remains intact. As soon as the next block was mined the previous block on the second chain became stale and thus the longest chain was still secure with no double spends. FUD is spread in the Social media but I take it as a good thing since bitcoin price dumped good giving opportunities for others to dive in at this price  Am just telling everyone I know to buy bitcoin at this price as a good opportunity has arrive to stock in some BTC P.S : Boycott Cointelegraph |
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Things happen. Nobody has any control over them. It's not bitcoins fault that they had to struggle with such troublesome situations.
Things would have been different if they were located in a better place. Sometimes we have to accept the truth and move on for a better living.
It's sad that they were unable to have a happy life and you did a really good thing by giving them a donation but it doesn't mean you should stop using bitcoin.
In fact you can take it positively in a way and earn more bitcoins so that you can donate more such needy people.
It's just a matter of perspective and life can be so much easy.
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Ways Bitcoin can be lost
1. Forgotting the encrypted password used
2. Seed phrase accessed by attackers
3. Malware attack like trojan and keyloggers etc
4. Through phishing sites
5. Through fake exchanges
6. Through fake wallets.
7. Through lost passphrase
8. Hacked exchanges
9. Lost to cloud mining sites
10. Lost to Ponzi scheme
11. Lost through fake giveaways and airdrops
12. Lost through misplaced seed phrase, private key or seed etc.
The ways of losing BTC that I marked in bold are different from what the topic (and the rest of your list) is about, I believe. Losing BTC to scammers means that you don't have this money anymore, but it's not gone from the circulating supply. When you lose your seed phrase, on the other hand, nobody can get or use your coins, so they're truly lost for everyone. The latter has more implications because it's what makes Bitcoin even more scarce than it was supposed to be (due to a large percentage of inaccessible coins which are as good as nonexistent). In that case you should bold the below too as they also are active in the circulating supply. 3. Malware attack like trojan and keyloggers etc 9. Lost to cloud mining sites In both of the above cases the bitcoins are accessed by bad people and are active in the circulating supply and are not truly lost. |
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They say that it's always a right time to invest in bitcoin. This goes by the fact that they are investing in for the long term.
So it all depends on how firm you are to hold your bitcoins. Even if you buy now and have weak hands then you should probably not invest right now.
If you know that you can panic sell once bitcoin starts falling then you shouldn't buy right now. Wait, if bitcoin price falls then invest else you should look for some other investment which is not as risky as bitcoin.
I am personally not a panic seller (anymore) and can hold bitcoin for a very long term. So for me it's always a good time to buy bitcoin since bitcoin is bound to increase in price in the long term.
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Just want to share a little experience with you guys....and I think most of you have gone through that too over the years.
A week or two ago I saw the price going over the previous ATH of about $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)
Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.
Well... within little more than a week or two.... the price skyrocketed to almost $39500 (doubled) and I now get that "Sell" regret that most of us have had in the past. (If I held on longer, I would have received double the amount in cash)
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
I get what you feel because even I sold some of my coins when the price was at $28000. I sold so that I can take out a little profits and go on a holiday and I just booked the tickets and going for a holiday today. I know it feels bad that we could have waited a little longer and got more for the same amount of bitcoins sold but then what if bitcoin would have dumped if we didn't sell at that point ? So even though we might feel little regrets, we should take it in a positive way and let it go. If a buy back price occurs then we shall surely buy some of it back but if not then just let it go. For me, I will enjoy my holiday to the fullest so that I can reap the benefits of not selling cheaper than what I sold for. |
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There's just one thing that will make a huge difference here.
If Elon Musk wants he can bring in more number of shares in the future by raising another series of funding.
There's nobody here to increase the supply of bitcoin and it's gonna stay finite.
The chances of bitcoin crossing every marketcap in future is very high. So am gonna keep my stakes with bitcoin.
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A fall in bitcoin price may sound inevitable and that is what I also believe but it isn't necessary that it happens. There are many institutional investors waiting for a fall back to invest more and I really don't think bitcoin will go below $20,000 - $25,000 again. The bull rally has been going at a crazy speed which is why it is making us thing that the dump is near as the history shows us but we should also consider the fact that this time it's not the weak hands who are buying bitcoins but bigger corporations and institutions who are investing in bitcoin for the long term. This does makes a huge difference. For now we can only hope that bitcoin dumps a little so that we can join the bull run and not wait until it completely goes out of our hands until a point where it makes no sense to invest at such a high price whereas we could have bought for a very low price.
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The downside of being your own banker.
Check, recheck, verify, backup, repeat.
That is very true and most important thing for bitcoiners. Being your own bank is not that easy as it sounds since a simple mistake can vanish all your life savings. The ability to control your own money comes with it's disadvantages which people quite often forget and end up cursing bitcoin for not being able to secure it appropriately. |
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Where should I go in the virtual currency world?I dont have the funds to invest. I dont have a premium account for bounty and signature tasks, but the cruel reality does not have much time for me to learn.
One thing I can tell you from this post of yours is that you can speak and write English well and you do have an internet connection. This is enough for you to get started with. You are definitely not lost in life but just demotivated. You just need to put in the effort and need some curiosity to learn more and more each day. Once you start learning about bitcoin and develop a skill of your interest, you can easily convert it into a service and start earning bitcoins for it. Once you gain enough knowledge about bitcoin, you will easily be able to rank up and get in a campaign to start earning as well. So don't lose hope and believe in yourself. It might take a little time but at the end you will be proud of yourself to be a lone wolf. |
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Finally I have got something that might be really lucky for me. The Wheel of fortune just gave me 5000 lottery tickets today. Feeling excited already.
It won't be worth anything though, if I don't score anything in the lottery. Let's see how these free tickets turn out for me.
~snip
Great win dude because I am also trying but my luck not going with more then 50 Satoshi or 50 tickets hopefully you will able to win something more then this congrats   That is what I thought and nevertheless I was spinning the wheel of fortune everyday. Each time I just got either 50 satoshis or 50 reward points. It kind of became my daily routine to wake up in the morning and start my day by spinning the wheel of fortune. I wasn't even paying attention this time and just spin the wheel and looked on the screen after one minute and was surprised to see that I won 5k lottery tickets. An amazing start to the day quite interesting, on the last lottery run the 2nd prize was given for an user with only 158 tickets.
they got home 0.15674768 BTC
how often does it happen?
the odds are probably quite small for something like that.
for those who aren't aware each ticket costs 1 satoshi, but you also get 2 tickets for every free roll on the faucet.
But my personal favorite is this one:  The guy didn't play the FREE BTC game even once, because he would get at least 2 lottery tickets for one roll. What happened was his ref played only once during that week, and that was enough for winning the top prize! A saying "you can't win a lottery without a ticket" comes to mind. As shown, with just one ticket you can. The tragedy would be when the winner didn't even know he won the prize or may be just logged off forever or something. Even I had one or two accounts with referrals which I don't know the password and forgot the email as well. P.S : What if that account was mine ? I would never know that  |
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I wonder, who is buying Bitcoin and alt coins like $ETH, $BET & $LTC so high now. what happened to the buy low & sell high rule?
It's very clear this time that it's the institutional investors who are throwing their money into bitcoin. There are many people who are buying altcoins because they think that the altcoin season has started but I think they are wrong. Bitcoin season hasn't ended yet since people are still buying bitcoin and it may break $40,000 soon. Anyway, it's quite obvious that once bitcoin starts falling, the market will bleed in red although it's not happening any time soon. If you are asking this question, then the fact that people are buying XRP is even more pressing I know right. Even I was wondering who are these people who don't even know what they are getting into. |
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ETH really is a shitcoin with no intrinsic value. Its not a store of value since when bitcoin crashes 20% then ETH crashes 50%. When Bitcoin rises ETH barely follows, ETH is still 65% down compared to the recent BTC rise.
2018: Bitcoin $19000, ETH $1400
2021: Bitcoin $32000, ETH $1000
If you stayed in ETH you have lost more money than Enron. ETH is a scam.
There is alot of new projects that do everything better than ETH or will in the future. Let us find something better than ETH that we can all buy for cheap now have a giant distribution for everyone and then go to the moon! No need to make ETH devs and people owning 50000 ETH rich for sucking $20 transaction fees out of us.
Is there a specific reason for spreading the FUD or you missed investing in ETH when it was cheap ? Whatever the reason be, I find ETH to be in a good position as it is still doing better than most of the altcoins. It is trusted by many for it's innovative technology and good potential which is the main reason why it is growing better than other altcoins. |
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