Bitcoin Forum
June 22, 2024, 11:41:35 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 [3] 4 5 6 »
41  Bitcoin / Bitcoin Discussion / Re: is there a way to have crypto news of each country ? on: October 31, 2019, 12:08:29 PM
That's possible, I am using cointelegraph to read news in our country.

try to search in google, your country + cointelegraph.
Here's the latest news in your county,.

https://cointelegraph.com/tags/france

I totally agree. A sufficient amount of news from different regions is coming to Cointelegraph. Try this out.
I also like ForkLog, but this is a narrower source.
42  Bitcoin / Bitcoin Discussion / Re: UPDATE CW at conference in London WTF? SCANDAL!!! What really happened? on: October 31, 2019, 11:55:42 AM
Crazy, insane, mentally ill people become Jokers. Somehow they make it out of their asylums and wreck havok on the city, then Batman has to come out and fix it.

But I don’t see Batman yet. The main thing is that Jokers do not go too far when they will be unstoppable
43  Bitcoin / Bitcoin Discussion / Re: Inside The Final Days Of The $3 BILLION Chinese Crypto Scam... on: October 28, 2019, 12:30:11 PM
Quote
Inside The Final Days Of The $3 BILLION Chinese Crypto Scam... And There's ANOTHER One Soon To Collapse!

Remember Bitconnect? Well, the scammers behind PlusToken would call that child's play.

Bitconnect held the record as the largest crypto scam to date, pulling in around $1 billion - then came PlusToken which grew to 3X that size, and showed no signs of slowing down when they pulled the plug.

>>>Full article continued @ https://globalcryptopress.com/2019/10/inside-finals-days-of-3-billion-chinese.html

This has me wondering - if China has two $ BILLION + crypto scams collapse within months of each other, how will their government respond!?

China will control all crypto projects and most likely will ban unauthorized ones that you talk about. China will create its own cryptocurrency and this will be centralized in my opinion, and everything that will be done without the participation of the government will subject to strict regulation up to a ban. This is my opinion about the nearest crypto future of China
44  Bitcoin / Bitcoin Discussion / Re: China Has Something to Do with Bitcoin's Price Increase After All on: October 28, 2019, 12:26:13 PM
China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene.

China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works

Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works.

This is really good, but I have doubts that China will support Bitcoin. Most likely it’s just a guide where can Blockchain be used and nothing more. Although the president’s statement about Blockchain support shocked me, I didn’t think that a conservative like China would never do it
45  Bitcoin / Bitcoin Discussion / Re: My Bitcoin beat Bank interest rates and inflation. :-> on: October 28, 2019, 12:21:15 PM
In the last couple of days, I made more profit from selling a few coins, than what I would have been making in 3 years with the interest on my savings in the Bank.  Wink  I get about 5% yearly interest on any deposits that I have in my saving account at my Bank and I just sold some coins for a 20% profit.  Grin  <Subtract the fees and the capital gains taxes and I still get 3 times more profit, than what I would have got for a 3 year interest from an investment in a Bank>  Grin

So, I do not know what kind of interest you are getting and how long you have to wait for that, but my Bitcoin investment has just crushed the Bank saving option.  Wink

I also love the fact that my investment in Bitcoin is growing much faster than my local inflation rate of +/- 2%  Wink

Let's discus your local investment options compared to the returns that you are getting from Bitcoin and let's see who is the winner in this fight to beat inflation.  Wink

When I kept money on deposit, my bank offered me to receive 3.5% per annum. I have not used a bank for a long time, and if I take my profit from trading, I get up to 20% of the amount of my Bitcoin per month. In my opinion, the benefit is obvious
46  Bitcoin / Bitcoin Discussion / Re: What needs to happen in order for bitcoin to replace gold on: October 25, 2019, 09:31:56 PM
With more and more countries moving towards gold, one major question has arisen: how exactly will we measure value in an increasingly digital world, and what will take the place of the “gold standard”. Some financial analysts are suggesting Bitcoin (BTC) as the obvious replacement, but what actually needs to happen for Bitcoin to take the place of gold, and is Bitcoin (BTC) actually up to the task?

Bitcoin: the cryptocurrency Gold Standard

Bitcoin is already recognized as a kind of Gold Standard for cryptocurrencies. Bitcoin (BTC) was started in 2008 by Satoshi Nakamoto, largely as a response to the need for a new, decentralized financial system. 2008 was a pretty difficult time for the world’s financial markets – with a global recession, bank bailouts and failing economies, Nakamoto realized that the need for a currency that was not controlled by a central entity (government or bank) would change the future of the financial world forever.

Until relatively recently in human history, gold was the ultimate commodity. Stable, scarce, and divisible – gold represented everything that makes up the principles of “good money”. Societies have risen and fallen, but gold has always remained constant.

How could Bitcoin replace gold?

In the 21st century, trade is no longer being driven by a physical exchange. Bank transfers, eWallets, and now cryptocurrency transactions mean that we hardly interact with physical cash at all. Modern society is a digital society, so wouldn’t it make sense for our new “gold standard” to be digital too?

A new report by  Grayscale Investments, argues that Bitcoin actually possesses a “better composition of ‘good money’ qualities…”, almost tailor-made for the new, online economy. The report states that Bitcoin is scarce, verifiable, durable, portable, divisible, fungible and recognizable, just as gold is, only in ways that make more sense for a digital world.

With that being said, Bitcoin is still very much in its early adoption phase – it might not seem like that, but in reality, it hasn’t existed long enough to reach the level of recognizability that would be needed for it to become the new global gold standard. Bitcoin is still relatively volatile compared to gold, although it is still the most solid cryptocurrency.

Still, should Bitcoin reach the $300,000 mark, there’s no denying that it could very well become the new gold standard. And, quite frankly, a digital gold standard makes far more sense for a digital economy, than a physical gold standard does.

If you want to get really into it, here is a debate between Anthony Pompliano and Peter Schiff. If you want to really, really get into it, you can buy Bitcoin through exchanges and trading platforms like eToro, Binance or Kraken.

So, what needs to happen for Bitcoin to take the place of gold

Bitcoin needs higher adoption rates, increased stability, and an increase in value before it will truly be able to take over as the gold standard – but that’s not necessarily far off.

Considering that more than $68 trillion in generational wealth is set to change hands in the next 25 years, and the majority of the new wealthy will be millennials who are more inclined to put their money into Bitcoin vs gold, we very well might see the rise of the Bitcoin gold standard sooner rather than later.

https://zycrypto.com/what-needs-to-happen-for-bitcoin-to-take-the-place-of-gold/

Gold is one of the most reliable assets in the whole world because the value of gold is material. You cannot replace gold with anything, not even Bitcoin.
47  Bitcoin / Bitcoin Discussion / Re: Would you waste your time for 5 cents worth of bitcoin? on: October 25, 2019, 09:29:57 PM
I am doing market research for a potential project.
If there was a website you could go to daily where you would earn anywhere from 1 cent - 10 cents worth of bitcoin just for clicking a button, would you do it?
No strings attached, no deposit required. You go to the website, push a button and 5 cents is deposited into your wallet. Would you go every day and do it, or is it not worth your time?

If you prove that there is no malicious scheme in your site to steal my money, then I think I would try. There are a lot of bitcoin faucets in different variations, but for me this is scam. I do not trust similar internet resources
48  Bitcoin / Bitcoin Discussion / Re: China's President Xi Jinping VS Bitcoin on: October 25, 2019, 09:27:26 PM
I have an opinion that this is a very thought-out strategy. Now there is a trade war between the US and China, do you think that public recognition of Blockchain could be a step against the US? I mean, the Chinese president wants to show the world that he is better than Trump in everything, and so on, so what is your opinion?
49  Bitcoin / Bitcoin Discussion / Re: Is this why Bitcoin is crashing? on: October 23, 2019, 06:05:51 PM
Could be one of that reason but for me its clearly a price manipulation at big levels in order to gather a lot more bitcoins from those who don't want to sell it so a panic dump would make them think again. What we see right now is a panic sell from most of the traders and holders and I bet the whales are so happy with the effect of this dump who is not gonna end until the end of the month. Also the conference with Libra's project can be a reason too...because it represent a problem for the monetary system and banks system and they are all against cryptocurrencies ... ( at least his is what I'm hearing in the live video ) .
The fact is that for the whole of October in the media a lot of negative information appeared regarding certain cryptocurrencies and new projects, which very poorly affect the pricing of even the most promising coins.  I agree with your opinion that this situation was provoked specially so that big Whales and speculators profit from the panic mood of cryptocurrency users.  I am quite sure that by the end of the year we will have the best indicators in the market and the current situation should be corrected within a few weeks.
The bitcoin price is crashing because there are many things going on within the cryptocurrency ecosystem from the Bakkt launch dump to the Facebook Libra effect. During the months of April to July, many people bought bitcoins thinking the bitcoin price will get to new ATH because of the Libra coin and Bakkt launch. with all that gone here comes the dumping part, these are what is crashing the market right now.    

Trust me, the market will not collapse just because Libra and Bakkt created Bitcoin's bumping. There is such a group of people called Whales who will not allow the collapse of the crypto market regardless of BTC ecosystem failures. Now the bear market is approaching and it’s OK, I’m sure that people will continue to buy Bitcoin further.

I am interested in your opinion on the launch of TON and how will this affect Bitcoin?
50  Economy / Service Announcements / Re: OWNR wallet on: October 23, 2019, 05:58:28 PM
Is OWNR wallet available in each country or it should be used somewhere with the help of a VPN?
51  Economy / Exchanges / Re: Binance is earning only $20,00 per day on transaction fees charge?? on: October 23, 2019, 05:50:40 PM
Yea... and just for context, 20k a day is a revenue of 7.3 million a year. That's nothing for any medium sized company much less for one of the largest crypto exchanges in the world.

You may not be happy that you aren't getting 1:1 trades, but i wouldn't exactly call this overcharging. If you can find a more trustworthy exchange with better exchange rates, then go there. If you find that hard to do, then they're not overcharging...

Any thoughts on OKEX / Huobi fees?

I have been a binance user from the day I learn about trading and trust me there is no other exchange which is more secure than binance and it's reliable as well. It doesn't matter about the transaction as far as it served the purpose.

No idea about the other two exchanges which you have listed but usually transaction fees are much higher on other exchanges compared to binance.

In my opinion, it is better to pay more fees and get more security, knowing that your money will be safe. I agree with you that Binance seems to be the most secure exchange now. CZ is doing well
52  Bitcoin / Bitcoin Discussion / Re: Have you ever been stolen or lost your BTC? on: October 18, 2019, 09:19:01 AM
Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it?
There must be a comparison based on the number of incidents, statistics, etc.
I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet?

Where do you keep crypto? Have you ever been stolen?

I had some crypto at Binance, however I lost some money when it was hacked. In any case, it was unpleasant
53  Bitcoin / Bitcoin Discussion / Re: Bitcoin is never going to be extinct on: October 18, 2019, 09:17:31 AM
Bitcoin is never going to be extinct
I believe its consensus will be higher and higher in the future.

It is impossible to destroy that which is immortal. Satoshi created Bitcoin and disappeared, so no one could destroy the coin. Probably a quantum computer could, but this is unlikely
54  Bitcoin / Bitcoin Discussion / Re: Hated Personalities in the World of Bitcoin on: October 18, 2019, 09:13:55 AM



In every industry or market, there will always be people whom many loves and many hates. And in Bitcoin and cryptocurrency, there is no exemption here. While hating is not a good business, expressing some dislike can be a healthy one.

As far as being hated, I can think of at least two personalities, and we know why many don't like them: Roger Ver the man behind BitcoinCash and of course Craig Wright who earned the moniker as "faketoshi" as he is continually claiming to be the real guy and behind the Bitcoin SV (the original Bitcoin, according to its site).

Can you add more, please.

Gerald Cotten, the director and owner of the Quadriga CX exchange, took millions of dollars of other people's money with him to the grave. He turned out to be a fraudster and a deceiver whom deceived users hate even now a year after his death
55  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Traditional Payment Processors on: October 15, 2019, 09:36:07 AM
Bitcoin maybe be fast in transactions but traditional method is still more reliable in terms of stability and widely accepted,  I don't at this stage it is appropriate to make this comparison because btc has very few coverage unlike fiat, there is no point for this now because not many people have ever make transactions with btc yet.

Let's forget about coverage and just compare the reliability and trust between the two payment methods. Traditional Payment Processors are subservient to banks and controlled by centralized structures. This is not safe, I am sure that in an emergency we can become a victim of manipulation and lose our money. Bitcoin is as reliable as possible, therefore, despite less coverage and stability, I trust in the Bitcoin processor system than in the corrupt fiat one
56  Bitcoin / Bitcoin Discussion / Re: "Cryptopia: Bitcoin, Blockchains and the Future of the Internet" on: October 15, 2019, 09:29:30 AM




I am personally looking forward to viewing this coming film on Bitcoin, the people and the required resources to make the coin closer to the public hence more adoption. This documentary film is under the creative prowess of Torsten Hoffmann who gave us “Bitcoin: The End of Money As We Know It” years ago.



Quote

In his documentary, Hoffmann introduces and talks to some of the most high-profile names in the industry, including Bitcoin advocate Andreas Antonopoulos, Blockstream CSO Samson Mow, Ethereum co-founder Vitalik Buterin, Litecoin co-founder Charlie Lee, Xapo CEO Wences Casares, and many other industry leaders and influencers.




“Cryptopia: Bitcoin, Blockchains and the Future of the Internet” will first be shown to a group of people (crypto enthusiasts, I supposed) in Sydney, Australia Monday 21 October under the Spark Festival banner.

We can all come to Australia or better wait for the said documentary to be shown somewhere online...



I think a lot of people are waiting for the release of the film on the Internet. I am sure that this will be a great way to get people acquainted with Bitcoin, increase confidence and popularize the coin.
57  Bitcoin / Bitcoin Discussion / Re: How to Identify Cryptocurrency Scams on: October 15, 2019, 09:25:24 AM
Identifying cryptocurrency scam icos and many more is easy and hard at the same. Yes, it is actually quite easy to identify a scam project by just looking at the board members of the project, its supporters and backers. But at the same time, it is hard because sometimes fake Infos are posted just to trick users from investing and that's the hardest part identifying if those people are real.

I know cases when a trusted advisor is in the composition of project members, who, as a result, also becomes a victim of a scam. It is best to interact with projects of the superhigh level of trust for example TELEGRAM or IPOs of large exchanges like Bitfinex, Binance and so on.
58  Bitcoin / Bitcoin Discussion / Re: What do you think Bitcoins biggest vulnerability is? on: October 05, 2019, 06:46:47 PM
FUDs people are easily affected by fake news that cause them to lose their trust on bitcoin also when people outside this industry after hearing a fake news they just talk too much without knowing what it really is.

FUD is the problem of people who are unable to analyze and check information received from media resources. FUD is not a bitcoin vulnerability
59  Bitcoin / Bitcoin Discussion / Re: Popularity of BITCOIN on Twitter Declining? on: October 05, 2019, 06:42:47 PM
Many people say that BTC has grown in adoption and use. But I think despite of this fact the popularity of bitcoin is going downwards. Here is a very interesting graphic I found which shows the number of posts with #Bitcoin on Twitter I think the graph is pretty identical with the price graph.



However I personally think there are two reasons behind the boom which came during the bull run.
1. Bounties & Bounty Hunters: During the Bull run bounty hunting was at its peak and all the bounty hunters participated heavily in twitter campaigns. Most of the tweets had some basic condition to add a few hashtags related to cryptocurrency I think that was the reason why the graph looks so tall during the bull run.

2. Trading Mentors & Media: A lot of hype was also created by all types of media around the world when they continuously posted around regarding bitcoin and how it went to moon. Moreover even every damn trader became a trade mentor because every coin was going up people gave calls blindly and became trading mentor. These mentors were giving calls on daily basis with these usual hashtags relating to bitcoin.

These can be the two reasons why chart shows such a long tower in December 2017.



In my opinion, most of the posts on Twitter in 2018 were advertising speculation to buy BTC. Remember how many people did not know what crypto actually is but everyone wanted to buy Bitcoin because its price was flying to the moon. This is a reason what different cantors used for posts on Twitter and other media platforms to attract ordinary people to buy Bitcoin.
60  Economy / Speculation / Re: BULL VS BEAR on: October 05, 2019, 06:38:05 PM
The bear market has begun and this will not change. I think we should not count on a price in excess of $8K. Most likely, Bitcoin price will fall even lower to around $7500
Pages: « 1 2 [3] 4 5 6 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!