I'm currently only earning Bitcoin by participating in a signature campaign. That is my only 'Bitcoin income' if you don't count the profit I make by trading in altcoins. The profit I make with trading in altcoins is as expected not guaranteed nor static but when I do it's spent on new Bitcoin. In the past I've also sold virtual goods for cryptocurrencies like Bitcoin and Litecoin but I stopped as there wasn't really a market for it anymore. Besides that I did trades, from fiat payment systems to crypto where I received a decent rate in my favor.
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The forks don't increase the supply of Bitcoin (core). After a fork a there will be a new altcoin with a snapshot of the fork's release time. This doesn't impact the Bitcoin blockchain in any way.
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Bitcoin is special because it's the first digital coin using a blockchain. I know there are coins that are technical more advanced but do we really need these advancements? There are cool technical advancements like Monero's cryptonight or Ethereum's smart contracts and that is why they got popular too. I see these coins as alternatives that are intended for different things, it doesn't have to substitute the original just because it's more anonymus or allows you to create smart contracts. Then you have coins that have advancements but do not necessary improve the experience. I don't think these should replace Bitcoin, I think we should rely on the original coins that have been around much longer.
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lots of european countries heavily accept Bitcoin, and I guess most restaurants accept too, specially among countries like Netherlands, but I don`t know if there is a similar map for the Europe
That's true, I don't know a map that show it for whole Europe but here is one for the city Arnhem https://www.arnhembitcoinstad.nl/#kaart . All the little icons with a knife and fork are restaurants but it also shows shops, barbers, supermarkets and pubs.
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Het is inderdaad een kwestie van de private key importeren in de wallet van die specifieke fork en klaar. Voor extra veiligheid is het handig om jouw 'echte' Bitcoins eerst naar een nieuwe wallet te verplaatsen, hiermee voorkom je dat die worden gestolen mocht je jouw key importeren in een corrupte wallet of als je verkeer wordt onderschept. Maar op dit moment zou ik dat niet doen, lijkt me het niet waard voor de transactiekosten die je er voor moet betalen.
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I think the best moment for investing in alt coins was just before the announcement. Because most alt coins made a jump immediately after the announcement. I bought some altcoins after the announcement but they are worth less now than what I bought them for.
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Hi Lauda, If there comes a spot free for Sr. Member, could you enroll me? I already participate on your campaign but just got promoted from Full member to Sr. Member.
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Currently ASIC mining is more profitable, the difference in payback is actually quite big at least 2 times more days. That's because all profitable ASIC proof coins have a high difficulty compared to the price. Here is a list with a lot of mining equipment compared: https://www.cryptocompare.com/mining/#/equipmentBut what if I want to sell all equipment. Can I sell ASIC for someone? Selling GPU is easier than ASIC, isn't it? That's true, besides being very loud that's a big downside of ASIC miners. The demand for GPUs is much bigger because it is not only aimed at consumers that want to mine. Also because most people start to sell their ASIC when the electrical costs become higher than the income of mining. When all these miners are offered at Ebay, the price is close to worthless.
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You could register yourself on an exchange and trade your tokens for Bitcoin. It's as easy as depositing the tokens to the exchange wallet, exchanging them for Bitcoin or Ethereum and then withdrawing it to a BTC/ETH wallet, preferably a desktop wallet. If you're still looking for an exchange then I can recommend www.cryptopia.co.nz, it has lots of different cryptocurrencies and doesn't require any verification while your not trading more than $5000 NZD.
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Everything is possible but at this moment I don't think it will. Bitcoin looks very unattractive for new people because the slow transactions with historically high fees. At the moment a lot of people are substituting their Bitcoin for alternatives that work the same but don't have high transaction fees. That's why BCH is doing good, this is also the reason that the transaction speed gets even worse, because a lot of the hash power goes to the BCH network. If the delays are fixed, then it would be possible for Bitcoin to reach an all time high, as the demand is not gone but just for other coins right now.
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I think Russia likes the technology and really wants to implement it, but can not do it with the current crypto currencies because they can't handle tax on it. It's a problem for a lot of countries but Russia took action immediately by banning the whole thing. If they would find a solution for it, there is a change that they unban the coin. But I think chances are bigger that they will just invent that own regulated coin and implement it in the society. I read somewhere that they already found a crypto currency that they will use as a substitute of Bitcoin.
Putin is now cornered like a rat. He will never make a step which is aimed at weakening its power. In Russia at the power that the KGB will never be legalized cryptocurrencies. I am sure that this right will only have those who belong to the caste of his friends. All other Russians will be put in jail for using bitcoin. That really depends on who is in control of it, as cryptocurrencies doesn't have to be decentralized. If they create a coin that they are able to control, than it wouldn't weaken his power but either increase his power. Then I think it's possible to legalize that particular cryptocurrency.
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That is not going to happen as Ethereum doesn't have a fixed supply. The price gets regulated by the adding more units in circulation. However I think this process happens slower than the growth in demand, so the price climbs but not as big as for example Bitcoin.
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That is because BCH got pumped and began to be more profitable than mining BTC. This way the difficulty is not adjusted for the current low total hash power. Blocks get mined very slow so it costs more to get your transaction in the blockchain. We have to wait for the difficulty correction that happens every 2016 blocks to get back to the normal transaction times.
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It's not really a sister of Bitcoin but just another fork that was made to generate extra profit for the developers. I mean the idea of creating a Bitcoin like coin that is mineable with GPUs is good but there are enough altcoins that already have this feature.
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People like Roger Ver that want to lift on the succes of Bitcoin. They are trying to substitute Bitcoin core by spamming the network and doing controlled pumps. This will make BCH more profitable to mine, so a lot of core miners will mine BCH which slows down the transaction times of BTC network. This causes high transaction fees and basically and unattractive coin to use for micro payments.
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Personally I think Ethereum won't fluctuate as much as Bitcoin or other coins with a fixed supply. Like the national currency, the price will be pretty stable by adding more units in circulation. But I think the price will go up slowly because it's gets more popular every day.
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Ik zou nu investeren aangezien de prijs nu laag is door de hoge transactie kosten en slome verificatie tijden. Dit heeft zich eerder voor gedaan en toen werd de koerswaarde van Bitcoin erna ineens meer waard dan voorheen. Het is nu wachten totdat BCH mining minder winst oplevert dan Bitcoin core mining, hierdoor zullen blocks weer iedere 10 minuten gemined worden en zullen de transactie tijden weer als normaal worden. Daardoor wordt Bitcoin weer aantrekkelijk voor kleine betalingen en neemt de vraag toe.
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Currently ASIC mining is more profitable, the difference in payback is actually quite big at least 2 times more days. That's because all profitable ASIC proof coins have a high difficulty compared to the price. Here is a list with a lot of mining equipment compared: https://www.cryptocompare.com/mining/#/equipment
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I think Russia likes the technology and really wants to implement it, but can not do it with the current crypto currencies because they can't handle tax on it. It's a problem for a lot of countries but Russia took action immediately by banning the whole thing. If they would find a solution for it, there is a change that they unban the coin. But I think chances are bigger that they will just invent that own regulated coin and implement it in the society. I read somewhere that they already found a crypto currency that they will use as a substitute of Bitcoin.
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