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I doubt anybody would pay for this service until it is fully operational, and proven. However, if you truly believe that your program can consistently predict BTC movement with 80% accuracy, I would suggest keeping it to yourself, or possibly set up some sort of mutual fund with a group of investors. I am assuming you are talking 80% accuracy in short term predictions, as I can make a statement with nearly 100% accuracy in the long term.... Bitcoin value will increase.
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There's definitely a lot of money that can be made by advertising bitcoin on Youtube, such as spreading your referral link, selling crypto-ware like shirts and other clothing, as well as potentially trading with your viewerbase/followers. The market isn't particularly saturated, so there is still room for newcomers, could be a lucrative way to spend your time.
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When the whole market is down, trading becomes about relative improvement. For example if bitcoin is has dropped 30%, and litecoin has dropped 40%, you can now purchase more litecoins for the same amount of bitcoin, thereby increasing your absolute holdings in litecoin regardless of its dollar value. When the market is down your priority should be increasing absolute holdings, when the market recovers you will actualize your gains.
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Disappointment and joy come often when trading bitcoin or alts, you just have to learn to be apathetic to the situation, don't invest any emotion otherwise you'll be depressed most of the time, and happy infrequently. It is best not to look at the price of stable coins too often, as you might not like what you see, just look when you hear the news rather than checking preev every hour.
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The mempool is definitely in better shape than previously, which is excellent news for bitcoin as even super low fee transactions are being confirmed quickly now, I sent a 40sat/b transaction earlier, and it confirmed within an hour, just a few weeks ago this would have taken a month to confirm. Definitely a welcome development.
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What would you rather call it then? Digital gold? Virtual palladium? The moniker given to cryptos will not affect their success, and few people think of the literal meaning of a word before using it. We live in a world where people say hunded instead of hundred, and you think people are going to criticise BTC because of its name?
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I believe NEO has a lot of potential, if you check its trading history on bittrex, it was on a solid include until the most recently crypto-crash. Now it is pretty much trading sideways and inching its way back up. I think NEO will break the $500 mark by the end of 2018, whereas I predict BTC will hover between $10-20,000.
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I definitely think the merit system is a good idea to improve the overall quality of the forum, however I suspect it will eventually turn into a system where people buy/sell merit in order to rank up their accounts, rather than being used to highlight exemplary post quality. I think the merit sources should also have the demerit function in order to prevent this happening, should it ever occur.
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Btctalk name: onnz423
Rank: Hero
Current post count: 2088
BTC Address: 1Lh1iLwKDvSVWraUxzxhNidJNkjbWyrpCx
Wear appropriate signature: Will change if accepted
Wear avatar: Will change if accepted.
Hello there, please have a glance through my post history, I'm sure you'll see I post high quality posts frequently.
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If I recall correctly, Localbitcoins transaction fee (uniform for everyone) is exactly 0.001BTC. Hence since you were starting with such a small balance (~0.002), roughly half was used for the transaction fee, leaving you with just over 0.001 remaining. This is one of the issues when using a site that doesn't allow you to set your own fee. I would recommend using a different wallet from now on, Electrum for instance allows you to set whatever fee you want (if enabled in options), however for such a low value transaction it is unlikely you'll be able to reliably use a much lower fee unless using a segwit address (also available in electrum).
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Bitcoin is finite by design, this intrinsic feature makes it an excellent store of value, meanwhile block difficulty increases periodically making newly mined bitcoins fewer and fewer over time, thus the currently existing pool benefits from the increased rarity that develops over time. If userbase increases faster than the new coins can be mined, the result is an increased market cap, and hence increased value per BTC. This is a property no fiat based currency, or store of value can match.
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China has not banned bitcoin, I don't know why morons like you keep spreading fake news. Are you trying to spread FUD around bitcoin? Are you a ripple shill? Stop posting your moronic titles without actually understanding the matter. China is strengthening regulations surrounding bitcoin, it is not an outright ban. You will still be able to hold and transact bitcoin in China.
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These are known as ponzi scams, do NOT participate in HYIP and doubler "opportunities", often they will pay out if you get in and out early enough, but after some time they become unsustainable and then will exit with a large amount, actualizing the scam.
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Segwit adoption is increasing, reducing the number of transactions on the legacy mempool. I have noticed when sending transactions from a legacy address that even low fee transactions are confirmed relatively quickly now, certainly the fees issue are starting to become less of a concern recently.
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I think if bitcoin is to be taxed, then there should also be tax breaks if people make a loss when exchanging currencies, that is a fair trade off.
You should be able to offset your losses against your profits in your tax return, this is how it works for most other industries.
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With grammar like that you've got no chance being enrolled into a signature campaign, unless it's a scam campaign.
Newbies are rarely accepted into signature campaigns, particularly ones with poor post quality and horrible grammar.
However, you may be able to join signature bounties in the altcoin section, check it out.
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Taxing bitcoin is certainly possibly, and is currently how it is for most countries. Some countries consider it speculative gambling, others consider it a commodity when sold, but very few countries tax it how they do with foreign exchange, which is due to their refusal to recognise BTC as a valid currency. The ability for a government to determine how much tax you owe through your BTC transactions is likely extremely limited, most will rely on self-reporting systems to estimate tax.
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It doesn't matter how many forks there are, bitcoin is the first and will always be the number 1 crypto. People will stop forking bitcoin when they realize there is no money in it, and no interest in switching all systems to a new coin. Exchanges will refuse to trade new cryptos being forked solely to pump and dump, and it is typically obvious which ones these are.
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I am amazed with number of people being fooled with BTC:
1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.
Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.
BTC is scam of the century, stay away.
1. The lightning network will solve this 2. The lightning network will solve this 3. The lightning network is complex, and it must be perfect for widespread adoption 4. It is more anonymous than visa, and can be completely anonymous if you put the effort in 5. Just because there are disparities in hashing power doesn't mean it is centralized, centralized means controlled by an institution, bitcoin is not. 6. What does this even mean? If the USD collapsed, bitcoin would grow even stronger. 7. Gold has nearly no intrinsic value other than its conductive properties. 8. Cash isn't insured, if your wallet is stolen. It's gone. Fiat has been around for thousands of years, it's time for the next generation. I wouldn't be surprised if you're not some shill. |
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Don't even get me started on how rich I would be now if I had only been smart enough to take a risk. I used to sell Xbox Live codes a few years ago, back when they were in point denominations, and I would have people offering me dozens of bitcoins for an 800 point code. DOZENS of bitcoins, that's right over $100k for a $5 code. If only I had taken the time to read into the technology, I would have understood then that it would flourish like this. Oh well, at least I made it to the party eventually.
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