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441  Economy / Trading Discussion / Re: What is the risk of holding Bitcoin? on: November 26, 2017, 01:30:26 AM
There are several types of risks you will be exposed to. I can justify each and every of them. But in order to stay positive. Lets just say you would want to look into the financial risks of it being devalued throughout the process.
442  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][TOKEN] Giftz - Network for Luxury Loyalty Tokens. Starting NOW on: November 26, 2017, 01:14:09 AM
Tokens for the 2nd day window have been distributed out. Results are loggin in.... stay tuned for the top 3.
443  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] ARCONA - Augmented Reality Ecosystem. Sale 27.11.2017 on: November 26, 2017, 12:18:43 AM
seeing from its whitepaper is quite promising this kind of project of cloud mining, unfortunately I have joined in another project
follow-up invest later if possible,  Wink Wink

Thank you for the support Smiley It is definitely worth checking out.
444  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] FortKnoxster - Telegram on steroids. Sale 19 FEB. EARLY REGISTRATION on: November 26, 2017, 12:16:22 AM
The fact that the ICO was postponed does not worry me at all, it is not the first ICO doing this, and it will not be the last for sure. But while some other projects are postponed because there is lack of interest and many issued, I believe FortKnoxster is working hard to come with the best strategy on the market out there, and this will lead to a great opportunity for investors. And for us, to choose to invest.

That is definitely true and I totally agree with you Jack. Preparation is key success factor in this industry.
445  Economy / Trading Discussion / Re: How do you Panic? on: November 25, 2017, 10:44:44 AM
I don't panic anymore, I'm buying the dip.

My portfolio value fluctuates quite a few thousand sometimes, it doesn't makes me anxious anymore, what goes down must go up. Cheesy
This is my big problem I don't know when it is the dip.  Smiley
and I usually buy high and sell low or medium
There is no point of denying this fact that it is quite a natural phenomenon to get panic especially at the time when you see yourself getting in loss. I myself get panic when I see something going wrong. The most important thing which you need to take care of at that very time is to keep on holding your nerves. This will help you in making some sensible decision for your safe survival.



 Just diversify ur trades. Play them equally, disciplined to a certain strategy. Out of 10 if u fail 7. You might rethink about whether u should actively trade or just hodl most of ur funds with coins u like. Statistics has shown that, if ppl hold most of their funds in BtC they would have gained more than trading.
446  Economy / Trading Discussion / Re: Better investement right now, bitcoins or Altcoins. on: November 25, 2017, 10:40:07 AM
I am thinking of investing into Giftz / Fortknoxster... this is no financial advice. My own choice tbh. They are worth checking out.
447  Economy / Trading Discussion / Re: How to overcome the fear of holding? on: November 25, 2017, 10:37:49 AM
I've always been one who sells to earlier, either to minimize my losses or to realize my earnings ASAP and leave. I've seen in most of my investments, if not all that if I would've just left the coins there they would've been worth 10-50x what I put in before. This is upsetting as a person and trader, as I see how much money I'm missing out on.

How do you traders do it, hold and hold and hold. Waiting around for more and more money?

Buy, set exit price and turn away / off ur computer. Be disciplined.
448  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][TOKEN] Giftz - Network for Luxury Loyalty Tokens. Starting NOW on: November 25, 2017, 01:59:01 AM
Will there also be something like a Giftz card which we can use for payments like a debit card and collect points while making purchases with it?

Consumers can earn, trade or buy itCoin® to top up their Giftz™ Card for more spending power (like adding miles to a frequent flyer account). Most importantly, one can sell their rewards in the Giftz™ marketplace or try to trade them up from grocery coins to tokenized private jet miles — the possibilities are endless
449  Economy / Trading Discussion / Re: Time management. on: November 24, 2017, 02:43:20 PM
Be disciplined. Get a time management software maybe. Prioritize ur daily tasks. If you are not super duper rich yet, just work towards it. NON-STOP.
450  Economy / Trading Discussion / Re: Investing all my savings! on: November 24, 2017, 02:13:37 PM
I seriously think you have a strong determination and guts in order to do this. Phew. Not only is it risky with the volatility but also the security. 5-10 years @@ A safebox should come into ur mind Cheesy
451  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][TOKEN] Giftz - Network for Luxury Loyalty Tokens. Starting NOW on: November 24, 2017, 01:10:48 PM
WoWzer, your System Architect is from the Department of Defence for the US Navy ?!

https://www.youtube.com/watch?v=CH_CQVS4mQ4&list=UUiZdbN5tq3PhrBaIcLNBU8w
452  Economy / Exchanges / Re: Best Exchange for trading? on: November 24, 2017, 11:28:04 AM
Bittrex for me but i should also try other ones. More options will emerge as decentralized exchanges come into play.
453  Bitcoin / Development & Technical Discussion / Re: How do you keep updated about the upcoming changes to the bitcoin network? on: November 24, 2017, 11:18:55 AM
Thank you for all the inputs. I am learning st new day by day Smiley
454  Bitcoin / Development & Technical Discussion / Re: Why Segwit adoption is so slow? on: November 24, 2017, 11:12:07 AM
Thank you for all your answers. But could someone please explain this "like I'm 4?". It almost understood it from the above post. Close close. Go. Smiley
455  Bitcoin / Development & Technical Discussion / Re: Blockchain Capabilities on: November 24, 2017, 10:55:10 AM
First of all, transactions are not lines or strings. They are just data in a specific format.

You can store any sequence of bytes (aka any data) that you want in the blockchain. However just because you can does not mean that you should. Storing your data means that thousands of nodes must also store your data, and that is a lot of disk space and computer power that needs to go towards storing your data for eternity. Storing arbitrary data on the blockchain is rude to node operators and everyone else that uses Bitcoin as you are taking up block space that could otherwise be used for actual transactions. So yes, you can store data, but you really shouldn't.
That said it all, take an example from LBRY platform, the platforms didn't store the data file(media file) on the blockchain but instead, they store the metadata of the file in the blockchain and store the data file(media file) on every node that has the data. So instead of downloading data from blockchain, the only ask for the metadata and then search every node that has the data to ask for stream it.

Interesting answers. Many thanks for the share of knowledge.
456  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] FortKnoxster - Telegram on steroids. Sale 24 NOV. PRESALE LIVE!! on: November 24, 2017, 01:26:40 AM
FortKnoxster is selected by ICO Drops!  Cheesy  See https://icodrops.com/fortknoxster/

Great news. Looking forward to the upcoming Tokensale events.
457  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] ARCONA - Augmented Reality Ecosystem. Sale 27.11.2017 on: November 24, 2017, 01:25:12 AM
Thanks for the article, really good one. The fact that AmaZix is a team of crypto ICO consultants with technical expertise in the blockchain technology, involved in promising projects and ICOs, help me understand more why Arcona is in good hands. Hope there will be a lot of movement on 27th of November at presale.


Thank you for your kind words. We aim to please !
458  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][TOKEN] Giftz - Network for Luxury Loyalty Tokens. Starting NOW on: November 24, 2017, 01:18:58 AM
Guys ! Right on #Blackfriday. Giftz ICO is live and with a certain amount of Cap every 23 hrs window!
459  Economy / Trading Discussion / Re: I quit trading on: November 24, 2017, 12:44:40 AM
That's a goood amount I believe. In order to accumulate such amount, i am pretty sure you will be able to find your way out or else back in?
460  Economy / Trading Discussion / Re: Tips for local transactions on: November 23, 2017, 05:52:13 AM
I was writing this as a reply to someone else's topic and it got kind of lengthy, so I decided to make it into a topic instead.

The intention of this topic is to help new buyers and sellers in the BitCoin community who are looking to meet up and trade locally. I've done a lot of local trades and sales over the years, so I'm hoping that my experiences can help beginners by giving them ideas on how to trade safely. For this purpose I've separated my advice into three sections: meeting for trades, advice for buying, and advice for selling.

I've tried to format everything in a clear and concise manner to make this topic more readable. I'm open to suggestions for edits and additions to help make this guide as useful as possible.

Hope this guide helps anyone looking to start trading locally!

Note: Some names/locations I mention are US based, so I apologize if they're irrelevant for your location. The theories behind this topic should be fine regardless of country.



Meeting:
There are three main things I look for in meeting places:
  • Public Location - Are there plenty of people around?
  • WiFi Access - Is there free or cheap public WiFi access in the area?
  • Security - Are there security cameras or security guards in the area?

Public Location:
Public locations are like Local Trading 101: it is always better to meet in a public place. Scammers and muggers are a lot less likely to try anything with witnesses around. You can usually find these people early on by simply requesting a public meeting place: they want to meet their victims alone.

WiFi:
Places like McDonalds, Starbucks, Barnes & Noble, and many local coffee shops offer free WiFi access. A lot of hotels offer WiFi as well, but usually not for free or to non-customers. Bring a laptop or tablet with you if you have one so you can check transaction details and confirmations. Depending on what you're buying/selling/trading, having a computer to do some last second research on item values can never hurt if you're worried about getting the short end of the stick.

Security:
A location with security cameras adds an extra layer of security to a trade. If the other party does get away with stealing from or scamming you, you'll have physical evidence in a recording that can help the authorities track the offender down and bring him to justice. Security guards can help set your mind at ease if you're concerned that you might get mugged: muggers are a lot less likely to rob you if there's a guard with a gun a few yards away. A guard can easily step in and save you if a mugger does start attacking you.

My personal recommendation would be to meet at a mall, if there's one in your area. Malls have tons of security measures to help protect you as you make your trade, and many malls have WiFi access across the entire property: there's a good chance that one of the mall's stores has WiFi access even if the mall itself doesn't. Banks are a good choice too: banks have great security, and some bigger banks have WiFi access as well.

Buying:
There are three things I want to cover about buying in-person:
  • Reviewing Your Purchase
  • Paying with BitCoin
  • Paying with Cash

Reviewing Your Purchase:
For buying items, remember that there's a lot you can't tell about something just from pictures. Make sure to look the item over carefully and make sure everything is in working condition/described condition before you pay the seller. A seller who is unwilling or nervous about letting you check out an item may know something about the item he doesn't want you to find out. It's a good idea to meet during the day or in a well lit area so you can see everything clearly. Don't be afraid to ask questions if anything feels off and don't feel obligated to complete a sale you're uncomfortable with.

Paying with BitCoin:
One of the easiest ways to pay in BitCoin in person is with a mobile wallet app from a smartphone. Blockchain a mobile wallet app for Android and iOS. It's an online wallet, so I wouldn't recommend it for long-time storage: strictly transactions. Once I know how much I need to pay for an item I put that much in the wallet, and maybe 1 or 2 BTC more just in case there's a last second price change, and when I get home I immediately transfer any leftover funds to a more secure wallet. Blockchain works the same as any other client: enter the seller's payment address and the amount of BTC for the sale to send payment. Blockchain also has a QR scanner built in if the seller has a QR code address.

As a side note, I use an iPhone and Blockchain is, to my knowledge, the only wallet app for iOS without jailbreaking your phone. I have no knowledge about jailbreaking or Android apps for alternatives to Blockchain, but you can always do your research here on the forum or on the BitCoin wiki to find an app that works for you. You can also use your laptop, if you have it with you, to access your wallet and pay the seller. I recommend creating a brand new wallet for the transaction, especially if you're the paranoid type. Better safe than sorry, right? Wink

Paying with Cash:
This section focuses on buying BitCoins. One of the more common OTC transactions is buying BitCoin with cash. If you're buying BTC, you need to give the seller a payment address to receive your funds. You can use your mobile wallet to receive the funds, which you can then transfer to a safer wallet when you get home, or you can write down or print out a wallet address for the seller to send the BTC to. If you do the latter method, make sure to confirm the transaction before you part ways: use a laptop to check your wallet and confirm the payment or have a trusted friend/family member monitor the wallet and contact you with confirmation of the funds.

Selling:
There are a few things to review for sellers:
  • Terms of the Sale or Trade
  • Accepting BitCoin Payment
  • Accepting Cash Payment
  • Other Forms of Payment

Terms of the Sale or Trade:
If you and the buyer have agreed to the terms of the trade ahead of time (as in what is being sold and for what price), I recommend printing out a copy of the agreement or correspondence (emails, forum posts, etc.). I've had experiences where the buyer tries to change the deal at the last minute or claims that I agreed to a lower price for the sale. Printing out what you offered and he accepted will back you up and help you get the price you asked for. You can also take a picture of these correspondences with your phone or digital camera if you don't have a printer, or use a laptop/tablet to bring them up if WiFi access is available.

Accepting BitCoin Payment:
Write down or print your payment address and bring it with you: I also recommend having a QR code address printed for buyers who use mobile wallets. Make sure you have a way to confirm payment before you part ways with the buyer. Use a laptop/tablet to check on the transaction for confirmations as well as affirming that the buyer paid the correct amount. You could also have a trusted friend/family member monitor your wallet and contact you with confirmation if WiFi is unavailable. Mobile app wallets may be able to confirm transactions on the spot, negating the need for WiFi access and a computer if you have a 3G/4G phone: the Blockchain app I mentioned can do this for you.

Accepting Cash Payment:
The main concern with cash payment is counterfeit bills. Most banks and retail locations keep special markers at the registers that can show if a bill is real or counterfeit. Here's an example on Amazon. These markers are a cheap investment if you're worried about receiving counterfeit money. I've also found them at office supply stores like Office Depot and Staples for around $5-$15. Keep one in your pocket and mark the bills before you finish the sale. Make sure you explain to the buyer what you're doing so they don't freak out on you: I've had that happen before.

Other Forms of Payment:
The are two things to remember about alternative forms of payment: one; try to agree with the buyer ahead of time about the use of non-cash/non-BTC payments, and two; do your research on the payment method to make sure you know what you're getting and how it works (and how easily, if possible, it can be forged or reversed). This forum is full of warnings about certain payment methods for good reason. BitCoin purchases seem to be the bigger targets for chargeback fraud, so keep yourself educated when you're selling BTC in person.

There is one final warning I would like to give in this section: do not accept personal checks. One of the first in-person sales I ever did was for a personal check ($450), and I'm sure you can guess how that went simply by the way I've brought it up. Another check sale a few months after that one was paid for with a stolen checkbook and I had police show up at my house asking about the sale so they could find the guy. If you absolutely must accept a sale by check, I would recommend completing the sale at a bank so you can cash the check on the spot.

Other Tips:
This section is for good advice submitted by other posters. Thanks for your contributions!
  • Make sure to specify your expectations in advance. Confirm the time and place of meeting and make sure that both parties have everything on hand to complete the sale or trade. ~ Stephen Gornick
  • Strength in numbers: bringing along a second person can be an excellent source of additional security and protection. ~ Vernon715

Such a gooooood post. Many thanks for the well structured and useful information.
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