Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?
When you are using bitcoin since 2011 like me, you really don't care about short term fluctuations. I really couldn't care less about whether bitcoin is going up by $100 today or dropped $500. All I know is that bitcoin is going to go up in the long term, and that is in my opinion the most important thing that anyone should know about bitcoin. The fact that there is only going to be 21 million ever created is just amazing - in my opinion this is what makes bitcoin special. Even grains of gold can be made out of similar elements even though it takes a lot of money, but the maximum coins will be 21 million no matter what. When you're in bitcoin, you're in for the long game. If you are impatienct and just want to double your money in 2 months, don't invest in bitcoin. You gotta have balls. Bitcoin has its ups and downs, but the general direction is up, and this is backed up by long term supply and demand. |
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Ethereum is definitely a very big competitor right now against bitcoin. However I really don't think that Ethereum will be able to take over bitcoin any time soon. My reasoning is simple - ethereum wasn't the first cryptocurrency, bitcoin was. Ethereum wasn't the first altcoin, Namecoin once was. Lisk has all the things that Ethereum has, and is based on javascript which is much more widespread than solidity.
Bitcoin on the other hand, is the first cryptocurrency, has the trust of the masses, is not centralized like Ethereum(where Vitalik just hard forks whenever he feel like it), and even though bitcoin has problems with transaction fees and a potential hard fork itself, I think that people that invest in Ethereum sometimes forget about the fact that etherum has its own counterpart blockchain, ethereum classic that is currently the #6 altcoin.
Eth can come close but it won't ever overtake BTC.
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BetOpen is a confirmed scam now, there is no legit casino that is will waste so much time(almost a month now, in fact) of the players, just to get a withdrawal that they deserved in the first place. Still no word and yet they are starting their ICO today...
Unfortanetly I think you got scammed. First of all their campaign manager has not been online for 2 weeks now. And nobody has any interest in their project anymore, it's basically a dead project, and the community manager obviously is "dead" as well. Secondly, greenenergy after doing some research is a farmed account. Go to this post: https://bitcointalk.org/index.php?topic=1597201.msg16575115#msg16575115. It is very likely that Betopen bought this account to promote their company and be more legit. I really do hope that i'm wrong about this. But things just don't add up here. This is an interesting piece of evidence that Betopen is indeed a scammer. If they are a legit company, why would they need to have a farmed account to do the promoting for them? As you said they probably bought this account in the hopes of making them look more legit. Shouldn't DT members tag them already since no responses have even been heard from them? Greenenergy(the "official promoter") has not been on since 4th June either. |
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I just found out about this project of Casino that will be opened and it has 0% Edge and I just thought, seriously, why we pay an edge in online Casinos?
I mean in Traditional Casino they need this Edge money for all the environment and all the feeling, a lot of employees and all the little things they give to us but in Online Casino, we don't get this, so why we need to pay? For them to be rich? Just this idea really annoys me.
I really hope this project will work out!
There is chain-bet and edgeless i think that are both 0% casinos. One thing is for sure - 0% house edge casinos are not going to make profit in the long run. In fact, they are playing a negative sum game because they still have to pay the fees for hosting servers, writing code, etc. Nboody is going to pay that for them. It's great for the consumer, but you have to think about it especially if it's a centralized casino. Why are they offering 0%? There must be some sort of incentive for them to operate the site, right? They can't just advertise, host, and do support for free whilst having 0% house edge. So there is a lot of potential scams out there that involves low house edge to lure you in, 999dice comes into mind as well. 0.1% is not a sustainable business model in the long run, so they resort to rigging your rolls. |
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I know it is possible to sign up as a company to invest in Bitcoins on almost all exchanges where they sell Bitcoins.
But I am just wondering, what is preventing companies to invest big in Bitcoins and then pretend that someone stole their private key and stole the funds, but in reality they just send the coins and exchange them through a bunch of different currencies and Monero etc that is "impossible" to trace? Will there not be a lot of money lost this way? I mean hacks etc are happening all the time so how would someone prove they did not get hacked?
Cryptocurrencies are one of the most secure forms of payment out there. As long as companies keep their database secure, store most of their coins in cold storage, and make sure that there is multiple secure backups of their private keys/recovery seeds available in remote locations so that if one gets destroyed there are still others, then cryptocurrencies are actually much better for companies to use. There is a much larger chance that a person's paypal is hacked and the hacker deposits stolen paypal funds to buy something at a store than a company's cold storage wallet getting hacked. The thing is bitcoin is backed up by maths. Large bitcoin colliders have only found like less than 4-5 addresses containing bitcoin over 10 years, now compare this to the amount of chargebacks/amount of paypal accounts getting hacked in the same amount of time. |
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the icos are getting more outrageous by the day. people are handing over millions for one shitty webpage filled with empty promises with a crappy voiceover.
at some point someone somewhere is gonna get heavy in a legal sense and the party will be over.
what happens to bitcoin in these circumstances? do people come rolling back or leave crypto for good?
and i know what some people will say, they can't be regulated, well, they probably already are but no one running them has bothered to check.
First of all i agree with you completely, because ICOs are indeed a problem right now. People are playing it as if they ar egambling because most of the projects are only there for the money. I guess pople like investing in it because instead of having to monitor IPOs on the actual stock market, they are able to have access to 10 projects that are launching everyday and the market cap is significantly lower. If ICOs were banned then the logical alternative for people will be to invest in bitcoin, so long term wise it's going to be good for bitcoin as liquidity gets freed up from shitcoins that hires people on fiver to make the video/audio voiceover and actually gets into bitcoin, a legit investment. |
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Hi, all. I am, of course, a newbie and I don’t know much about Bitcoin gambling. I was wondering what websites that you would suggest gambling with. I would prefer a good website for playing dice. Thank you.
I suggest you go with crypto-games. They are in my opinion the best dice site that is out there with any excellent community. A lot of players that you can interact with, faucet that increases in value alongside your amount wagered, and very trustworthy administrators. Not to mention, 0.8% house edge is unmatched which means that thereotically you'll win more and lose less on their website than any other dice sites that offer 1% house edge(such as bitsler or primedice). Honourable mention goes to PD and Bitsler though. Both have extremely large communities, especially pd which even has its own forum. |
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A comparison that i'm going to make is gold with bitcoin. Gold is obviously extremely hard to store with all the storage fees and insurance fees, extremely hard to move around as taxes and cutsoms are probably going to eat into your total net worth if you were to relocate your gold(not even taking into account any sort of shipping and handling charges here), and it is not divisible so it'll be impractical for anyone to buy a loaf of bread with gold pieces. But it's still very popular and seen as a store of value. Now, bitcoin is much more divisible, much more convenient and the costs are significantly lower. So what i don't understand is that why do people think that gold can succeed while bitcoin cannot? Altcoins won't overtake bitcoin in the long run, just like copper can't overtake gold. People TRUSt bitcoin, and when there is trust, there is store of value. |
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The creator of bitcoin no one has ever seen and the most contact he has had with anyone is via a few emails. It's a little strange to say the least. Plus bitcoin isn't even anonymous. I only ask because I keep hearing of this one world goverment thing who want to introduce a one world currency. It kind of makes sense that a one world goverment might be being implemented as they have and are creating unions, like the EU for example if more unions are implemented like African and South American etc it would worth paying more attention. Anyway, how do we know that big bankers aren't behind this currency and the so called creator of bitcoin isn't just a made up name? Who is behind bitcoin it's a conspiracy.
DUN DUN DUN. Illuminati confirmed!
All jokes aside this is a very serious question....... VERY SERIOUS!
First of all, satoshi(the founder of bitcoin you're referring to), has not just exchanged a few emails. He has been extremely active in the early stages of bitcoin but apparently quit everything bitcoin related after a few years of work. You can see his bitcointalk profile here: https://bitcointalk.org/index.php?action=profile;u=3. If you allege that satoshi is some sort of government organization, then they are bloody stupid. How do we know that bitcoin wasn't created by the central banks? Because it wouldn't make sense. Creating this crypto would take away all their control on people's capital, interest rates, inflation rates, etc. China wants to implement its own cryptocurrency but so does russia, but their crypto is going to still be fiat based, which means that central bank is still able to 'print' more of it as needed. Why do bankers hate bitcoin? Because it allows people a safe haven to invest their fiat savings in, and that would take business away from them. |
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In my country, I have to fill a form every year for the tax department, including my year end bank statement and the salary bill.
Together with some major bills for insurance and healthcare, that's all they get.
So I can hide cash under the bed, or have an overseas account, or have some Gold bars, etc. The goverment has to thrust me quite a bit.
They can check some transfers, but if you like to hide it, you can do it.
So the actual way of getting the real numbers is quite bad.
In Bitcoin
If the Tax department makes it a rule by law, that you have to report every BTC address you own, or every wallet you own ...
All problems solved, because then the Department has also the addresses of the petrol station and the deli you spend money.
In no time the system knows which tax counts here and can claim the respective amount from both sides.
Sure it is still possible to hide Bitcoins, but then it is illegal.
...or did I miss something?
It is still possible. Do you really expect people to submit their bitcoin addresses so that the government can track them down? Let's just say that they don't do the "right thing" and they don't submit anything to the government. What will ahppen to them? Nothing, most likely. Because no way is the government going to check on every single household just to get a few mBTC worth of tax. Also, your model is flawed because people constantly use multiple bitcoin addresses. In fact a lot of wallets do this automatically which means that submitting your bitcoin address does not do anything at all. Your receiving address will change over time, automatically. There are forms out there for taxing bitcoin that you supposedly must fill out, but nobody does and the government doesn't seem to care at all because crypto is a small market compared to stocks and stuff, and it's not worth the time and money to track everyone down. |
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There are some theories that Minergate is connected to Freewallet, which in turn is connected with Changelly. Changelly is connected with HitBTC, so if that is true, it would make neither of these exchanges/wallets safe to deal with. Freewallet are saying that it is just an "ordinary planned procedure". I don't know whether to believe them, or not. But their support is certainly active on reddit and actively solving problems as they pop up, and as of now i don't think anyone has actually lost anything to them. All user assets are completely safe. Freewallet operates for more than 1 year on a market and puts safety of users assets as a high priority. Our security team operates top level cryptocurrency multilayer security systems. Since the beginning of operations not a cent of user money was lost. Freewallet stores funds in a multi-signature cold storage with a bank level security grade. From time to time there are rebalancing procedures between different cold storages and hot wallets. There’s no need to worry, this is an ordinary and planned procedure for cryptocurrency systems. All user assets are completely safe. We offer more than 14 wallets and all of them are operating fine. Please, reach Freewallet support via in-app chat or info@freewallet.org if you need any assistance. |
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I just found out bitcoin and I chose to use online wallet but there is a fear feel that makes me often check did my bitcoin is still safe. I have read some articles there saying for me to use 2fa as additional security. is that true?
Hah. It's normal that you feel a bit paranoid since we are talking about money here. 2 Factor Authentication does help your bitcoin wallet become safe. But take note that it doesn't mean that it makes it invulnerable from thieves. But hey, an extra layer of security is definitely a big help. What wallet are you using if you dont mind us asking? P.S. Good for you for trying out Bitcoin! If there is still a possibility to be hacked why online wallet advise me to add 2fa? Yes, of course. Even with 2FA, there is a possibility of you getting hacked. Anything is possible. Your mobile phone might be compromised alongside with your login details, email address, and your PC. These things rarely happen but do happen. It's like collisions on the bitcoin network with private keys can be found but are extremely rare, so rare that it's better to solo mine than try to find private keys that contain balance in them. By enabling 2fa you are essentially reducing the risk of you getting hacked. Not eliminating it, but reducing it. It's like insurance. |
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I import few of my private keys to blockchain wallet and now I am trying to send all balance to my desktop wallet.But I have two options to do that,first is to send transaction for each imported address individually because it give me only that option or My Wallet balance.To send all balance I need first to use option Transfer All to My Wallet and fee for that is too high/and then choose My Wallet balance to send BTC to my desktop wallet.This means paying fee two times.
Unfortunately as far as I can see there is no option to set manual fee when using option Transfer All to My Wallet or to my address.Maybe I miss something because I use blockchain wallet for the first time.Any suggestion/advice is welcome.
Why don't you just sweep the keys directly from your blockchain.info wallet to your other wallet? You don't need to go into transferring the bitcoins first into your main blockchain.info wallet, and then sending it to your other wallet. That step is redundant and will mean you lose money on fees. If you want to set a manual fee, then simply go to send, and selected the imported address that you want to send bitcoins from. AFAIK you cannot combine inputs on blockchain.info with imported wallets, so you'll have to do this one address at a time. Go to advanced send, and set your own fee. But by not following blockchain.info's recommended fee you are risking your bitcoins not getting confirmed in time. |
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This is definitely not the first case of this happening. Trading on localbitcoins has been extremely risky when you are doing local trades because for some reason you are dealing with someone that does not have a bank account, doesn't want to use other safer and less expensive payment methods, only wants to deal with cash which is untraceable and wants to apparently only deal locally when he's not even a local. If you decide to trade with one locally, make sure that he has 100+ feedback. Make sure that all his docs are verified and make sure you trade near a bank or shopping mall. And don't do large amounts either, bring a weapon of some sort jsut in case. Just when people thought that F2F transactions are safer than online transactions, such incidents prove that those who deal with bitcoins are far more dangerous. We can't really rely on who and when will turn out to be a scammer and craigslist is always targetted by scammers/hackers. Even earlier a man was robbed in a car when he went to meet the buyer in a known place. He was caught behind and asked to transfer all the coins. The police also doesn't help in such cases which is sick. No CCTV but IP addresses can be tracked. Their phone locations, some proof can be got?
Your point is valid but practically no one is going to track down IP addresses. They prove absolutely nothing because I addresses can change over time by themselves, others can fake your IP and you can connect to a VPN yourself. The biggest concern for online dealings is fraud whilst offline it's your life. |
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Okay, i think the main points people are ignoring here is that bitcoin DOES NOT reduce unemployment by itself.
However, in my opinion it does indirectly contribute the creation of more jobs on a global scale, offers a lot more opportunities for those in countries where labour is cheap, and let them have access to jobs that would otherwise be paid with fiat and currency conversion fees would add up to take away everything they earn. All the while they are treated as anyone else in the world, no discrimination, same pay rates, etc.
This is the sort of positivity that bitcoin brings. Basically helps closing the gap between rich countries and poor countries as it is a global currency itself, and can be converted to any fiat currency at a click. It does not directly create more jobs, but it helps employers and potential employees connect ot each other across the globe.
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I can confirm from my end that the user above is telling the truth, when copying his deposit address into the ethereum block explorer I can see the incoming transaction of around 0.57 ETH hitting the account, and an outgoing transaction of 5 ETH or so a few days after by C-Cex.
C-cex has also indeed lowered their deposit limits to 0.1 ETH. Anyone can check this on the Ledger page.
The least they can do is to refund you with your funds in the value of BTC at the time. But I believe you should be refunded the full ETH amount. You really should have complained earlier about this regardless of the limit being lower because it's been more than half a year actually since the deposit was done.
You can change the password back, btw.
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Have you ever wondered how would the world's economy be like in the future as a cashless society? Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more. If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology. Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies. Nevertheless, I would like to know your opinion about this.  Going cashless isn't a dream anymore - it is already achieved by banks issuing credit cards and debit cards. What really matters is the transparency and global payments, as well as a decentralized infrustrature that underlies this cashless society. There is no use having a cashless society where the government still controls everything because it just saves them a lot more money from printing cash. They can just add more zeros which is way cheaper. By using bitcoin, you get everything that cash has + you don't need to trust anyone. Not even the banks to hold your money for you to conduct a transaction. This is the reason why i believe in bitcoin and its future, and will probably be the #1 global currency in the future leading the way to a decentralized, cashless economy. |
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Hi everybody
Heard a lot latetly about the bitcoin fork, segwit, unlimited..
Whats your thoughts on it?
Will BTC moon to 10k or will it be dump?
Please explain.
Even if it moons it won't be 10k. That's just an absurd number in my opinion. It will depend on how the community reacts and there is really no way that anyone can predict that right now. What will possibly end up happening though is that there will be two "bitcoins", segwit bitcoin and bitcoin unlimited bitcoin. This will make bitcoin price predictions reduntant. I would say that Segwit BTC will have a lot more support even though BU has a lot of miners behind it. Look at the amount of nodes that signals segwit support, it's not even close right now. I would think that the total value of the two chains combined would show an increase in market cap though, as if you hold bitcoin private keys yourself you'll get both BU and BCC. |
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I decided to try Exodus, a desktop wallet (and looks pretty good). I downloaded, installed, and did a trial transaction as they recommended.
Trial transaction:
1. Went to Coinbase. Used debit card to buy $10.00USD of bitcoin. Was charged $10.99 for 0.0036855 bitcoin valued at $10.00USD.
2. Sent all to Exodus. Was charged 0.0010584 to send to Exodus.
3. Exodus received 0.00264578 BTC valued at $7.11USD.
So, to get $7.11 into Exodus via Coinbase cost $3.88.
Why are the transaction costs so high? Is this typical for small amounts?
As shield said, the fees are not dependant on your amount sent but rather on your transaction size. Coinbase actually does not take any sort of cut on your transaction, which means that the fee that they charge you is the actual transaction fee they pay on your transaction. I know this because i use them on a daily basis, and you can verify that on the blockchain as well. Bitcoin is incredibly useful for sending large amounts of money overseas or just storing your wealth in something that nobody can really control. It's currently not very feasible for people to send dust amounts across the blockchain. Why is it so high? Because blocks are full and transactions are currently taking up a lot of space, therefore everyone is competing to get their transaction into a block, driving up the price of transactions. This should be solved via Segwit temporarily at least though. |
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the above captions are a copy and paste from their support thread with me! please have anyone of mutual trust investigate and i will hand over the credentials so they can have access to my account and testify the truth! i have no reason to fabricate or change anything at this point and it is just really aggravation to me that they can simply take it and slap people in the face with it like nothing happened! http://dwarfpool.com/eth/address?wallet=0xa9c87c1c9fd17434a6f33257ccd2332caeb42229i have been posting this thread link to their troll box on C-Cex about 4 times a day every day and still they simply ignore this thread! and if it happened to me how many other people have they done this to? and how many more will they keep doing this to? I could do this for you if you trust me, however very little would be proved by me signing into your account. The maximum that will be achieved is to verify the validity of your claims with a third party, and probably won't contribute to helping you with the actual recovery with the funds. The best thing you can do is to keep trying to negotiate with their support. You deserve your money. They'll probably resolve this in the end IMO because they have been a long running exchange and a proven one, and wouldn't want to destroy their reputation over half an Ethereum that probably doesn't matter to them anyways. |
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