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401  Economy / Gambling discussion / Re: How many Bitcoins would it take for you to Quit Gambling Forever? on: December 22, 2017, 06:57:23 AM
If I had to pick a number of Bitcoins to completely quit gambling, it would be 10BTC. Although not for money or profit, I would still come down by casinos or sport books to place a few wagers, just to enjoy the thrills of the game. With enough money, I can keep myself engaged throughout the day doing various activities instead of having that 'gamble to win money' feeling in the back of my head.
402  Economy / Economics / Re: Becoming wealthy and social responsibility on: December 22, 2017, 04:00:33 AM
Indeed, early Bitcoin adopters and investors are swimming in money right now but for the most part, they are still not ready to sell their Bitcoin. All of the wealth acquired was by just holding onto Bitcoin for many years and believing in the outbreak, which did happen. Yes, they should step up and use a small part of their wealth towards social welfare whether it may be donating to organizations or building something useful for the common folk. There are already charities that accept Bitcoin and have seen thousands of dollars coming in as donations, being used for good purposes.
403  Economy / Speculation / Re: SELLING NOW = THE PEOPLE WHO SOLD WHEN IT DIPPED FROM $1000 TO $200 on: December 22, 2017, 03:45:25 AM
Its smart to sell at $15K/BTN. If you bought at $5K or $10K, that's a nice profit. Holding Bitcoin like a scared fool without ever selling, will guarantee that you'll have ZERO profit.

Such a smart choice when we've seen the likes of $20k throughout the month till now and a sudden dip is provoking you to sell everything for much lower. Holding has always been for the brave ones and always yielded huge profits, unlike for panic sellers like yourself.

KEEP SELLING GENTS !!! NO ONE HAS EVER WENT BROKE TAKING A PROFIT.  Grin Cool

Do whatever the heck you want with your coins but don't play an influence on others' decisions. Let the believers continue to HODL while you continue to sell for cheapish profit. Eventually, you'll damn yourself when the next big surge occurs.
404  Alternate cryptocurrencies / Altcoin Discussion / Re: What will happen if other coins get overgrown by Bitcoin? on: December 22, 2017, 01:40:33 AM
As there is a huge market of many many coins at moment. they predict in the future that many will get over run by the larger ones.

do you think the lower value ones will become another coin, e.g. join into LTC etc

what would happen if your a holder of these lower coins and something happens? would your investments disappear, or would you see a transfer of them into something like LTC or another larger coin?
thoughts?

Right now already, smaller coins are being outrun by the larger ones both in terms of price and market cap. This is due to nothing special being offered by smaller coins compared to its bigger and better counterparts which show a lot of room for growth.

No, lower valued coins won't combine or anything like that, they will stay as they are, hovering around in and around whatever value they are at.

On the longer run, it is best to shift to coins which have shown more progress or just larger coins. All of this depends on market trends, volatility and other factors which must be taken into consideration before swapping.
405  Economy / Speculation / Re: John McAfee Predicts a Bitcoin Price of $1M by Late 2020!! Is it feasible? on: December 21, 2017, 01:10:11 PM
Damn even the imagination of Bitcoin touching $1M is pretty scary as just about 100 satoshis would be worth a dollar. With Bitcoin's growth during the course of the current year, it zoomed past all expectations and speculations, hitting $20k even before Christmas and stabilising around that mark. Come 2020, although hard to figure out if we're in the reality, the million dollar mark might be reached if current scalability issues are resolved.
406  Bitcoin / Bitcoin Discussion / Re: Stop talking, start acting: let us all fight again BCC right now! on: December 21, 2017, 07:16:24 AM
It's really stupid on the part of Coinbase and any other organisation which resort to moving to integrate Bitcoin cash into their system. A so called forked coin run by a bunch of criminals who control over 51% of the mining power for obvious reasons, I'm waiting for the day when it topples over and all the so called believers end up loosing their money when it plummets down to being valueless. Only then will everyone realise it was all part of a big scam run by criminals.
407  Economy / Trading Discussion / Re: $1000 - Better trade until 5/10k, then buy BTC or just buy BTC and hodl? on: December 21, 2017, 06:34:05 AM
Ok, so let's change a bit the question: would it be better to buy LOW and sell HIGH (only BTC), until the base is solid, or just hodl from the beginning?

Your best bet among the two would be to the first one as buying low and selling high would be feasible because of Bitcoin's daily fluctuations. I would suggest you to gather some experience by beginning with a lower amount just to get a hang of things and then proceed with the rest of the amount.

Holding from the beginning is profitable as long as the initial investment is considerably high which isn't the case for you, so this would not exactly yield much profit as opposed to day trading.
408  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Bittrex Supporting the new Bitcoin forks? on: December 21, 2017, 06:07:47 AM
Yobit and HitBTC have already created accounts with SBTC and HitBTC says they will credit Lightening Bitcoin as well.  What is Bittrex saying about what their going to do?

Why do you need exchanges to support hard forks? Just get your Bitcoin funds to an address, the private key of which you have access to, instead of relying on an exchange. After the fork is announced at a particular block, transfer Bitcoin to a new address and use the first address' private key to obtain the forked coins and further transfer it to an exchange if you wish to trade it instantly.
409  Economy / Gambling discussion / Re: Investing is the new gambling! Double, Tripple, Quadruple...why still gamble? on: December 21, 2017, 05:21:27 AM
Maybe for the fun and thrills?
You got me there: I like (or used) to gamble also and the thrills and the fun of (Bitcoin) gambling is still...unbeaten.

But for any other reason like doubling, trippling...or even 10x winning back your investment/stake...why would you still want to gamble that?
The chances/odds are bigger that you will loose them gambling...while the chances/odds are the same (probably bigger) that you would increase them while investing.

Gambling on casinos has given users a completely different experience over just investing in something and waiting for the money to grow. You might say that the house always wins but there are those who have made even x100 on a single roll and instantly cashed out. Yeah it might be all luck but still a huge win.

Why not 'bet' on any cryptocurrency of your choice?
  • A new promising ICO.
  • Or a coin you like.
  • Or think is technically good.
  • Or is hyped.
  • Has a great name/logo/website.
Any reason is valid enough!

The point is:
You are 'guaranteed' to make more coins with investing in a coin...than actually gambling with that same amount.

Just a reminder for those like me, who have bet and lost more than they would have (and still will) if they just invested that same amount!
With crypto's being so volatile...the thrill and fun is still there also...but it is a bit less, yes.

INVESTING IN (ALT)COINS IS THE NEW CRYPTO GAMBLING!

Investing in an ICO or coin could be termed as a longer term bet compared to casino betting. The part where you say it is guaranteed to make more coins is absolutely rubbish as ICOs and coins have sometimes dropped to being worthless while some have been exposed to be blatant scams.

Even a good looking, highly potential ICOs are finding it hard to keep up with the current downtrend of the market and investing here is a bigger gamble than gambling on a casino game.
410  Economy / Economics / Re: Threat to Crypto Currencies on: December 21, 2017, 04:53:48 AM
The main threat to cryptos in my eyes is governments rising up to ban all sorts of mining and trading activity in their region and the major example here would be China. Of course there wasn't a long term influence on the price of cryptos by China's departure but if more countries are forced to follow suite, which is already happening, we could see the end of the cryptocurrency timeline soon enough.

Another smaller factor would be security, which has been on the loose end of things this year. Taking the parity bug as an example scenario, all projects should step up and implement their code without any flaws that and make sure that hackers can't get into the system by any means.
411  Bitcoin / Bitcoin Discussion / Re: Why should government afraid of bitcoin? on: December 21, 2017, 04:31:32 AM
We proclaim Bitcoin to be a decentralised currency backed by a technology called blockchain. As soon as governments hear the word 'decentralised', it starts ringing bells. The world has a lot of space for unchecked corruption and money laundering and a digital, decentralised currency like Bitcoin would be the dream scenario to further fuel these sort of activities. When there is no central authority looking over transactions, the money is impossible to track making it a haven for the misusers.
412  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO investing on: December 20, 2017, 02:23:18 PM
Do you often buy into ICO's? If yes, what is your experiences, is it easy, how fast can you cash out etc?

Investing in ICOs at this point is in no way ideal as the current market is flourishing with various projects and everyone wants to make big profit in a short period of time. The biggest problem with ICOs is that the tokens will certainly not be worth the same as it was during the offering and will always be suppressed by Bitcoin and better altcoins.

I want to help developing gaming projects, I think gaming is a future of entertainment.

What gaming ICO do you know?


Check out Bountie, a gaming platform based around the Asiatic region. Looks promising, at least in my eyes.
413  Bitcoin / Development & Technical Discussion / Re: Bitcoin cannot survive on transaction fees alone so why do we even bother? on: December 20, 2017, 01:18:01 PM
It simply does not make sense to stop providing miners with the incentive that drove them to mine in the first place and would push them to discontinue mining. Bitcoin core can't willingly shift to another proofing algorithm amidst everything else but then again, it has been providing updates and I'm sure this issue will be addressed too.

Quitting on the first ever cryptocurrency which has grown over 1500% this year alone over the fees problem would be plain stupidity with what is to come in the near future.
414  Economy / Trading Discussion / Re: What's happening to Bitcoin? on: December 20, 2017, 12:35:16 PM
Indeed Bitcoin did go for a dive when this topic was created due to the Bitcoin cash pump as a result of Coinbase's move. Not to worry though, since there have been similar instances in the past where Bitcoin has hit deeper plunges due to various factors but has always regained it's traction and has got back on its course soon enough.

As of right now, it's around $18k, slowly but steadily recovering from the fall so the choice is pretty obvious here: perservere and HODL!
415  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is DEAD Again!! on: December 20, 2017, 08:51:37 AM
More reasons to buy the dip as Bitcoin cash is pretty evidently being pumped by Coinbase's move. Soon enough, get ready to watch the rolls being reversed as the hype train derails and Bitcoin cash begins plummeting.

As TheQuin stated above, Lightning Network is a solution for the longer run to resolve scalability issues that the core is hurdled with and is focused on delivering much more than a temporary way out.
416  Alternate cryptocurrencies / Altcoin Discussion / Re: Best investment for 2018 is BITCOIN CASH! on: December 20, 2017, 04:07:15 AM
I believe it will become the best investment of 2018,

Can't call it the best when there would be better investment options to choose from. Bitcoin cash is just being pumped by whales and the eventual dump will leave all its holders with a big fat (L)oss.

I believe it will become the best investment of 2018,
Bitcoin had a record-breaking year in 2017, taking a volatile growth course from $900 to around $7000 of  the last quarter

Not sure what you're on about here as we're ending this year close to $20k and that's a net growth of over $19k over the year. Pretty sure you're trying to tell that the same growth won't be possible in the coming year but renowned speculators say otherwise so all we have to do is wait and watch as it unfolds.
417  Bitcoin / Development & Technical Discussion / Re: BTC CRAZY FEE on: December 18, 2017, 04:08:11 PM
Is there a way to send BTC anywhere without paying huge fees ?


Although not recommend, your best bet here would be to use a fee of around 10-100 satoshis/byte (prey pretty cheap) and accelerating the transaction through various services like Antpool or ViaBTC and just hope they include your transaction in their upcoming blocks. Have done this in the past myself and it took a few hours before eventually getting a confirmation.
418  Economy / Trading Discussion / Re: How long does it take to make a buy and a sell? on: December 18, 2017, 10:59:29 AM
does it vary for different coins? I'm asking because if I want to day trade I want to make sure its doable. Someone told me it takes a long time to have a buy go through and a sell.

Time taken for a buy/sell mainly depends on the token involved and the price. With exchanges bringing in sophisticated interfaces for faster trades, only a few have short delays in updating orders. Other than this, depending upon the price of the buy/sell order, you should be fine with your day trading activity.
419  Bitcoin / Bitcoin Discussion / Re: What Can You Say On Bitcoin's Transaction Cost? on: December 18, 2017, 06:20:46 AM
With an surge in the number of transactions, everyone wants theirs to obtain a confirmation within the next few blocks and hence end up setting high fee. If all these people make up their minds to keep it to a low, miners would still continue mining, accepting the lower fee itself.

Bitcoin as an option for micropayments is almost ruled out at this point as the fee overshadows the amount being transacted, making it impossible to use over traditional fiat or other cryptos. This will continue to remain an issue till the core steps up and does something about this and Bitcoin will continue to remain as an 'investment' and not a currency, in many views.

This is grabbing, on the way next fork UB united bitcoin, this fork gives coin to active wallet's - more transaction expect

This is nowhere near to a solution for the existing problems and we're not talking about creating more hard forks here, but on improvising the core.
420  Economy / Economics / Re: Who is behind the inflating value of Bitcoin? on: December 18, 2017, 03:27:42 AM
I'm just wondering that maybe bitcoin inflates because some certain people can use it as an advantage in some aspects.

There is no particular single entity that is driving this Bitcoin inflation but it looks like a cause of multiple individual entities. Of course there are whales trying to play the bad boys by having a direct influence on the price with very high buy-ins but there's way too much Bitcoin in circulation for them to attain monopoly and this is a major reason why there is variation in price every moment.

If ever it is what would you think of the outcome? Is this good for us or bad?

Generally, inflation means a great deal for the community as increase in price means only one thing, higher profit. Then again, a forced inflation is an indication of what's about to come, a drop. Terming it good or bad would be a hard choice under these circumstances.
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