Bitcoin Forum
May 26, 2024, 12:40:06 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 [237] 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 ... 294 »
4721  Bitcoin / Bitcoin Discussion / Re: Please DON'T pay any taxes on your crypto! on: April 09, 2019, 03:27:56 AM
This is highly misleading as tax evasion is a serious crime that could lead to being sentenced in jail for years including a fine. Whatever the stipulation of the rules or laws in your country regarding cryptocurrency, you must faithfully adapt and embrace its texts and follow it religiously. Regardless of what the nature of bitcoin may be, it is not an excuse for someone to disobey the law.

I better pay taxes. I don't want cryptocurrencies to always have a bad image by not paying taxes. isn't tax avoidance a criminal act. avoiding and not reporting taxes can face a prison as punishment. you should be careful in dealing with tax law. at least it can still help state costs in continuing to support development by paying taxes.

The stigma about cryptocurrencies started when people utilized it for that illegal means, which also includes tax evasion. People have been spreading fake news which contributes to its reputation being a scam to the public. Unfortunately, these spreading of news affects the price in general in attracting investors.
4722  Bitcoin / Bitcoin Discussion / Re: Can REGULATION Really Be Beneficial to Bitcoin? on: April 09, 2019, 02:40:09 AM
This depends on the type of regulation that the government will impose in the future. If they implement strict rules and regulations including a reflection on the tax, this might stray the attention of investors and eventually following on its price in the market.

If they implement a feature wherein they support the growth and development of cryptocurrencies including a creation of job opportunities or an implementation of laws that is not prejudicial to its creation, then expect its price to increase.

Regulating Bitcoin will never be beneficiary to the Bitcoin ecosystem. It will rather present the opportunity for specific governing body to regulate the amount of Bitcoin in total circulation and also restrict people from sending huge amount of funds in Bitcoin. There will be an amount of Bitcoin people either sell or buy.

This depends but the outcome will most likely be like this. Regulation from the government has its benefits but it may cause damage to investors. The problem would stem from its limited supply if they attempt to regulate it like gold.
4723  Other / Beginners & Help / Re: Simple self attitude can help to surviving in cryptocurrency for newbie on: April 08, 2019, 05:46:28 PM
The stigma on cryptocurrencies started when media portrayed it as a medium in exchange for illegal acts or things. Not to mention, when its price skyrocketed on the last quarter of 2018, people impulsively purchased them without studying the market and considering the implications of its sudden rise. When its price suddenly popped (bitcoin), people started complaining about it being a a bubble.

In fact, the people who complain about bitcoin being a scam are also the ones who accumulated loss on their investments due to their poor understanding and research on the market.

Before investing, one must ALWAYS consider all the factors and study the market in order to have a grasp on the current situation and from that standpoint, they can develop an extensive plan either for short/long term.


There are people who already knows the risks but still pushing their desire to somehow hit a passive income when they deposit their precious money in a sh*t company
Agree, some want the famous get rich quick scheme and got burn in process badly.
We could summare this guide to just be caucious, learn because knowledge is best security you can get in Bitcoin world.

Most of the rich people did not get their wealth in an instant. They built their respective empire with their sheer determination, hard work, and patience which most people seem to disregard (although some got lucky). The problem is, they see bitcoin as an avenue to make a quick buck and disregarding all the risks involve without studying the market. Now, all of which resulted to their financial loss.
4724  Economy / Trading Discussion / Re: See 10 Best Tips to Make the Most Money In Bitcoin Trading on: April 08, 2019, 01:58:40 PM
<snip....>

The tips you provided are also applicable to both newbie and veteran investors as they embrace the essentials/fundamentals of trading. In addition to your list, you should add that traders MUST focus on one coin to minimize the risks associated with. Having multiple coins to focus may hamper your decision making skills as your attention is divided among all your other coins.

very difficult to implement, but useful, I think you understand very well about how to trade well and get great benefits

The only way to understand trading is by experiencing it first hand. The tips cannot be applied instantly without getting to feel the environment of trading. It is like teaching someone to drive by letting him read books instead of driving an actual car.
4725  Economy / Economics / Re: what makes us good investors. on: April 08, 2019, 01:14:17 PM
Investing is indeed a risky game. It is not meant for people who have a weak heart and are too inclined with their emotions. But in order to become successful on your investments and trades, one must able to develop a strategy in order to overcome and address future problems.

Emotions are what makes us human and it is natural to react depending on the situation that we experience. For most investors, it is indeed disheartening to see your investments slowly lose value but this is where your plan will come into play. You need to set a limit to what extent you are willing to incur the loss before withdrawing all bitcoins.

Furthermore, learning and studying the external/internal factors affecting the price are essential in speculating the price in the future.

4726  Economy / Services / Re: Buying Souls 1 BTC each on: April 07, 2019, 03:18:20 PM
How about for 2 BTCs?

If not:




On a serious note, please avoid discussing your information as this may be an attempt to phish information despite being as a gag to the forum. Avoid transacting and doing business at all cost to this person.
4727  Economy / Gambling discussion / Re: Promoting Gambling on: April 07, 2019, 03:14:13 PM
<snip...>

Like any other addiction (not limited to gambling), it is essential to have self-discipline. Without having any self-discipline, you will never know WHEN TO STOP your addiction which will ultimately lead to various negative implications not only to yourself but also to the people surrounding you.

Just to add on the list:

  • Gambling can create relationships with strangers - People who visit casinos can often create relationships among peers or random strangers by just gambling; and
  • It has a relatively safe environment - A business which contains thousands of dollars for jackpot prizes with people who spend recklessly spend their money, they are equipped with security and CCTVs everywhere.


Again, the key here is to have self-discipline over your losses. Regardless of your winnings or losses, one should know the limitations of betting to prevent any overspending. Set a limit to your bets and to the amount that you are willing to lose/to win.
4728  Local / Pamilihan / Re: Coins.ph collaborates with Western Union for money transfers on: April 07, 2019, 10:09:24 AM
Good thing they implemented this feature which addresses the gray areas of sending money online to OFWs. The problem would be the transaction fees as many remittances center have a relatively low price in transaction fees compared to WU. But still, more options mean more availability to send bitcoins online!

The collaboration will allow families of overseas Filipinos to seamlessly receive Western Union money transfers in Coins.ph wallets.

Full article here: https://www.unblock.news/news/coins-ph-collaborates-with-western-union-for-money-transfers

Great news yan para sa mga OFW because WU AFAIK is known as an international remittance but mind me pinoys will always prefer those who have low fees (I guess not only pinoys). Mas malaking balita pa rin kung may isang bangko na fully accepted ang transfers from coins.ph papunta sa kanila.

Banks often question the origin of the money deposited if you use cryptocurrencies as they see it as something that is illegal as of the moment. Compared to other remittance centers, cheaper option talaga yung local exchanges compared to an international money transfer establishment.
4729  Economy / Trading Discussion / Re: It is not your fault that you are loosing in trading! on: April 07, 2019, 08:55:46 AM
You cannot blame anyone but yourself regardless on how risky the market is. Investing or trading cryptocurrencies is indeed a double-edged sword, where the results are very unpredictable but the rewards are relatively high for profit margins. But once you lose your resources, then you are the only one to blame.

There are techniques and skills mostly used by traders to reduce the risk of losing their trades/investments. Technical analysis of both the internal and external factors are always considered before making a trade and market research is essential to pre-phase the speculated price of bitcoin


No matter how you argue that the market is too unpredictable to speculate, just think of others that flourished and became successful in trading. If they can do it what is the reason for us not to?

Now in the crypto-currency market, you need to choose good pairs for trading, for example, in relation to bitcoin, because it itself grows in the long term

It is a rule that before you engage in trading, develop a plan and focus only on one coin. If you choose bitcoin as your day trading coin then do extensive research about it. With its highly volatile price in the market, it can also act as a short/long-term investment.
4730  Other / Off-topic / Re: One thing I am Glad for in 2018 on: April 07, 2019, 04:31:14 AM
The year 2018 taught me a valuable lesson in financing my resources, especially when it comes to consistency and patience. I am quite guilty, as the last quarter of 2018 made me lazy due to the bearish slump that it experienced. I stoped participating into campaign signatures and withdrew all my bitcoins to convert it to cash.

As it approached the year 2019, I realized that cryptocurrencies are starting to become more valuable as time passes by. I missed dozens of opportunities to yield high profit margins just because I stopped following it.

In the long run, Bitcoin will grow in any case and will reach 100 thousand dollars in the next couple of years. And all the envious and skeptics will be left behind, as the patient and visionary wins!
I agree that Bitcoin will grow under any conditions. And in any case will be introduced into our lives. I believe in him, our future is his.

There are various factors that affect its price. Speculating that it may reach over a hundred thousand dollars without any lengthy discussion as to why may seem a fallacious wishful thinking. Regardless, it is advisable to store some of your bitcoins both for short and long-term use.
4731  Economy / Trading Discussion / Re: When making a payment with Bitcoin how much extra to cover transaction fees? on: April 06, 2019, 06:49:29 PM
This mostly depends on your wallet and exchange. Some have a standard price for transaction fees while others have a fee depending on the current price of bitcoins in the market. Based from my experience, better avoid any transfer or transaction when the price is unstable or if there is a sudden increase on the price as the transaction fee may be relatively high.

As far as I know that Binance charge 0.0005 btc for transactions fees. But It's depends on your total amount of btc. But you may charge higher than 0.0005 sometime. 

There are two factors to consider, primarily amount of bitcoins in the transaction and the current price of bitcoins on the market. Mostly, those two factors significantly affect the transaction fee and I would not suggest transferring funds whenever there is a sudden pump on its price.
4732  Economy / Gambling discussion / Re: Chat in gambling on: April 06, 2019, 12:01:38 PM
Here are a few suggestions that I observe in most gambling sites:

  • Language Channels - Provide an option in the chat box to join different language across the world depending on their nationality. Some people prefer to talk to their native language and to connect with others in their country;
  • Custom Emojis - It does not necessarily mean that you need to create your own emojis but make it possible that others can put emojis in the chat box;
  • Implement basic HTML coding - Like in our forum, apply basic HTML options to customize and edit their text in the chat box; and
  • Child Boards - In the chat box, you can also integrate other functions as putting direct links to child boards or a link directly to their wallet for easier access.


Those are some of my suggestions based on my observations across different gambling sites that I visited. Also, it is essential that you provide a BOT in-order to filter out the chat box against trollers, spammers, or profanity to keep the community healthy.
4733  Bitcoin / Bitcoin Discussion / Re: How will Bitcoin survive after all 21M coins have been mined? on: April 06, 2019, 08:41:14 AM
Depending on Bitcoin's price in the future, miners could either continue to support the Blockchain or abandon it altogether. After all, there will be no more newly minted coins which means that miners will live off TX fees.

The primary factor that determines the price of bitcoin is the law of demand and supply. Assuming that by the year 2140 all the bitcoins are already mined, supply will decrease while demand will increase resulting to a significant increase on its price. Now that there are no bitcoins no mine, miners would simply maximize their profits from transaction fees.
Currently, the price of each transaction depends upon the current price of bitcoin in the market. I doubt that miners would abandon their work but expect a fewer people engaging into this kind of business.

My thinking is transaction fees will incentivize miners to secure the network once all 21 million have been mined, which to me implies a very high value to justify the energy expenditures.

That is actually true. No more coins to mine but the compensation would shift to the transaction fees paid. Assuming that the price of bitcoins increase in the future (which would inevitably happen), transaction fees would be their saving glory in order to compensate high energy fees.
4734  Economy / Trading Discussion / Re: How much money and which rule follow for trade?? on: April 05, 2019, 09:20:16 PM
Hey  I am newbie this forum and analysis that Bitcoin market down last 2 years.So I want to how much money need for trade and how get profitable frorm trade.I think this forum have many expert traders so I requested to all please tell me your experience about trading.

I suggest that you try day trading in cryptocurrencies with the experience and skill you have on analyzing the market. Trading comes with risk. The higher the amount that you trade, the bigger the reward but the risks also follows. Day trading may render you small profit margins but you make multiple individual trades in a day. It can be highly profitable depending on your skill and research about the market.

As for the amount, this can be quite risky and tempting especially when you see an opportunity to go all-in. But remember to invest not more than 1 percent of your monthly income. Study the internal and external factors on ONE coin (focus on ONE coin only) and do technical analysis.


You may want to check this link below for more information about day trading and the general stuff before engaging:
[1] https://blockonomi.com/day-trading-cryptocurrency/
4735  Other / Meta / Re: Why don't we have a point system for bad posts? on: April 05, 2019, 01:11:47 PM
I appreciate your proposal and the idea behind it but the effect would be the opposite of what you are trying to implement. This would be very destructive and counter-productive especially that this can be an area for abuse, especially for newbies. Furthermore, this can actually cascade into toxicity around the forum community if such proposal were to be implemented.

Besides, let's face it: it is relatively easier to hate someone/something than to like them/it. The distribution of merits would be overshadowed by an amount of people disliking posts in the forum.
4736  Other / Beginners & Help / Re: {Facts} Benefits of promoting (joining) a quality paid signature campaign. on: April 05, 2019, 06:12:58 AM
<snip..>

Just want to add some of my opinions:

  • Convenience of working online- The flexibility of working online is currently unparalleled compared to working part-time jobs in diners or restaurant establishments. You have control over your time and the physical stress/fatigue can be avoided by due to campaign signatures. Furthermore, working online is relatively cost-friendly; and
  • Feeling sense of security - Being part of an established signature campaign gives you the benefit of security over your payments. You do not have to worry on being scammed as most campaign signatures are handled by top-ranked and trusted members on the forum. Unlike most campaigns handled by newbies (although some are also decent!), you have this sense of doubt and fear on whether they will fulfill their obligation to pay each participant.

Campaign signatures are without a doubt, one of the most convenient ways of earning extra income due to the flexibility and convenience it provides. But be wary of the forum rules that govern each campaign since POST SPAMMING, PLAGIARISM, SHIT-POSTING are some of the criteria that bans a member from participating into a campaign (SHIT-POSTING may is not a bannable offence but the chances of you being picked to participate are significantly low).
4737  Economy / Gambling discussion / Re: Gambler = Future's Failure on: April 05, 2019, 02:52:22 AM
<snip...>

Gambling does not per se make an individual a failure but what makes it dangerous is the ADDICTION you gain from it.

The problem with gambling is that it deals with money, greed, and temptation. Your decision making is mostly hampered and disturbed especially if you focus on the rewards rather on the risks. For people who mostly view gambling as a source of income, it aggravates their financial problem more as relying on odds cannot guarantee you a stable source of income.

This person is correct when they told you this.  You will more then often lose your money if you continue to gamble and dont stop.
Very few people can make a long term profit from gambling and I dont know one person in real life who can safely say they fit into this category.

If you one has the self-discipline and control over their acts, then risk of succumbing to addiction is significantly lower compared to people who view it as a source of income. Only a handful people that I know has this type of discipline as they view it as a form of entertainment rather than something that should be relying on.
4738  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you ready to invest now? on: April 04, 2019, 04:57:32 PM
Better maximize cash by diversifying and considering other investment instruments in the market. Know your investments and identify which are for short and for long term. Ideally, cryptocurrencies are built for both short/long-term as their highly volatile value has the potential of earning high profit margin in a relatively shorter amount of time.

I am still acting cautiously at this time, I was once trapped in a big purchase at the time and suddenly the market was down, a new hike a few days and this still I don't believe

Only invest the amount that you are willing to lose. With the growing price of bitcoin, you may want to consider doing day trading. Purchase some bitcoins and sell them at the price higher than the initial price you bought them. Do this in small batches and accretions but it is essential that you cannot hasten the process as the risk is directly proportional to the rewards.
4739  Economy / Gambling discussion / Re: Does gambling sites needs to be a mobile friendly or not? on: April 04, 2019, 10:50:32 AM
Well if a gambling site offers a variety options available across different platforms, it would surely attract more people as it provides more convenience. The essence of online gambling stems from providing convenience and accessibility which casinos cannot offer.

It would be best if online gambling sites support or integrate their website in a mobile platform and make their UI easier and friendlier.

Study shows that mobile traffic is increasing year by year, estimate for current year would be about 75% of all traffic is generated through mobile devices. So it is quite obvious how such statistics should be handled by online casinos. Mobile friendly it's a must basically.

This may be off-topic but the Diablo franchise (Blizzard Entertainment) has created a game specifically for mobile. With the rising number of people switching and preferring mobile use, gambling sites must create an UI that would be accessible to people if they want to adapt to change.
4740  Bitcoin / Legal / Re: Are You Afraid of KYC? on: April 04, 2019, 08:45:47 AM
The problem with KYCs will stem from storing our personal and essential data as an opportunity for hackers to steal. Not only will they target our resources but also they will jeopardize our safety and information. Leak of personal information can be very costly and dangerous at the same time for everyone's safety.
With the growing world of cryptocurrencies, I see that local exchanges might implement this feature anytime soon but this is the inevitable scenario.

What we need to consider is if this implementation outweighs the negative outcomes of it. Maybe we can also view the silver lining as it provides security and insurance to our money.

I've never participated in a project which asks for KYC information yet. And I do not actually plan to do that, only if such thing will be required everywhere, in that case I simply will have no choice. I am not so afraid of the system, but about protection of my private info. There are not guarantees for 100% safety and I am afraid my private info would be used for wrong/illegal targets.

Our burden is to be responsible enough to research about the said project. We are already putting our resources at risks but also our personal data, information, and overall safety is at stake. Maybe this implementation would have a detrimental effect on the general view on cryptocurrencies.
Pages: « 1 ... 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 [237] 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 ... 294 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!