China has brought nothing but problems and great shame to Bitcoin. What more can we do to protect Bitcoin further from the ills of China and their bad behaviors? It is good that their exchanges are all now going to be shut completely. It is good that we will break up their mining monopolies which ruined decentralization as intended by Satoshi. But are are the further steps we can take to get rid of Chinese completely?
"China has brought nothing but problems and great shame to Bitcoin." Are you sure about that, bud? Because I am sure you also know China is the largest miner of Bitcoin worldwide. They have extremely cheap electricity and one Chinese guy controls a huge percent of the global hashing power. |
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Is it possible to send bitcoins without paying a fee?
How many confirmations required to ensure a transaction is successful?
Is it possible to transfer without internet?
1.No, you are required to have fees so that miner can confirm your transaction. Probably the higher fee the faster the transaction can be. 0.001 is a good fee that for successful transaction less than 10 minutes or so. You can have lower fee but the longer it will take. 2.Depends on how much you trying to transact. Normally there 30 confirmations but if its low you can have 10 confirmations. Not sure about this though. 3.Nope. You need internet connection to make transaction. You can go offline after you sent the transaction then go online when you need to check it. You are not correct. It is possible to send transactions with zero fees, only they are the last to get mined and usually won't, and will get stuck. |
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Hard to say. My view is it would decrease the value of Bitcoin as people could not easily get their hands on or transact it. IT requires technology. A global disaster prevents the use of technology, therefore rendering Bitcoin essentially useless.
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Why?
The more you buy, the more you will profit in the future. As a matter of fact, Bitcoin is the only thing I would ever suggest anyone to go all-in on, because of the sheer amount of profit people have made so far compared to losses which are literally non-existent.
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I don't even have a single Bitcoin saved. My current holdings are in fiat as I believe that a crash is imminent, if not now before $7,000 and I want to be safe rather than sorry.
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There was a poll done recently, and most people involved in Bitcoin believe that by 202, still under 3% of the population will even own any Bitcoin at all.
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China is not the be-all-end-all of Bitcoin or crypto. Sure, they have money and tat money is currently not being invested which is why we are seeing a slight drop in the price, but at the end of the day the price is so high now that no single factor can influence it that much (except if the US government were to outright ban it, it would be devastating).
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I recommend buying anything in the "top 10%" of altcoins, and leave the others alone unless you have significant reason to believe they are going to go up in the near future.
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I recommend opening an account at Bittrex. Heard great things about them.
Anyways, once you have an account on one of the popular exchanges then deposit some Bitcoin and go at it.
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If I panic while trading, it is usually because I am too short-sighted to realize the price fluctuates a lot more than just in the space of a few hours.
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I get the benefit of coins in exchange for national currency on this occasion I often observe the movement of coins at any time to quickly find out whether the coins have a high or low value and expect additional income.
You are doing a very good job. I think you can get profit with Bitcoins in any way which seems comfortable to you. The best ways to earn profit are trading and holding of Bitcoin. You can earn a good amount of money by using any of the above mentioned techniques. I think it is all your hard work which matters the most. In bitcoin ,you can get lot of money. In many ways you can get money from bitcoin. Some of them are Mining and trading. From mining you will get more bitcoin. If you saved lot bitcoin means, when the price reaches maximum means.You can do trading. Like wise, you do mining and trading parallel means, you will get double profit. In my experience, mining bring the lowest net ROI of any other investment method, not to mention it is the most hands-on and the most work. As time goes on, it will become less and less feasible for the average person (it already somewhat is) and turn more over to the large corporations with millions to invest. |
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How else? Usually the only way to trade altcoins is either by using Bitcoin, or if they are in the top 5-10 of alts then you can find them on some exchanges for USD also. Although in 99% of cases you are going to need to deposit some BTC before being able to trade alts. And if you are asking if I do myself? Of course, I am currently holding some altcoin, although mostly fiat at the moment.
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Money is a tool. You are not born with it. Therefore how is it above your mother?
You do not die with it, therefore how is it above your legacy?
Money is important, one of the most important things, but it definitely is not above all things.
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JP Morgan is the one who caused all of this FUD, along with China, and then when the price dropped they "changed their minds" and decided to buy Bitcoin - a total of MILLIONS worth of Bitcoin in a single few hours.
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At this point, all coins are working together. There is no "enemy" to Bitcoin. Although you could say Ethereum is competition, as it is taking market share away from BTC on a daily basis.
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How is creating FUD and then buying up all the cheap Bitcoin as a result of that FUD "technical suicide"? This is like the smartest thing they could have ever done.
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Bitcoin is the perfect wedding gift. I imagine most of them amount to nothing years down the road, but Bitcoin appreciates value, and most likely they will forget about it. Sometimes down the road, however, it will be worth a fortune and they will be eternally grateful to you.
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The only thing that will reduce Bitcoin volatility is time. The more money in the market means less people can influence it. For example even $6,000,000,000 invested now would only increase the price by less than 10%. Which means most companies/people cannot influence Bitcoin all that much anymore.
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My bank is technically hostile toward Bitcoin in terms of using it for business. However, they do not look much into it and are also invested in the blockchain, so probably better than most banks.
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1. Do not invest your own money
Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.
2. Work hard
If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.
3. Use the latest technology
New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.
4. Respect the time
Rate the money in your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges Rp10 thousand for shipping every week, and it takes you 2 hours to go to the store itself, then pay for the postage from the company, because it is cheaper.
5. Realistic
When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.
6. Sell excess, not price
You start a business, you are naturally frustrated marketing it. But, if you compete on the price, you will end up selling at barely or even under capital. Master the skills of communicating with customers, to explain that your product price is higher because it has a better value
1. Not necessarily. Greater risk, greater reward. 2. Obviously. This is the number one factor to success in any business. 3. No-brainer. Look at what happened to Blockbuster. In 1 decade they lost everything to Netflix. 4. Time is of the essence. It is the most important thing we have. If you do not respect your time, and think about starting a business, you better think twice. 5. Nothing hurts a business more than overestimating goals. It is better to slightly underestimate and over-achieve than always overestimate what can be done and constantly under-achieve. 6. I was thinking of this the other day. I always used to compete on price, and wonder why my competition could sell at higher prices... usually WAY higher. And the other day I was in a supermarket that sold the same thing as Walmart but 10% more expensive and wondered why do people shop here? But there I was... |
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