You do realize it takes weeks at the very minimum to sell your house right? You need to have a survey performed, pay solicitors fees, write up contracts and exchange legal documents. By the time this has finished BTC will likely have rallied back up to the $14,000 mark, thus wasting your time.
Sell your house for an upcoming altcoin if you're truly brave, you might become filthy rich (or more likely bankrupt).
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I think looking at the current market conditions is not a good idea when predicting the future of the main cryptos. As you can see, absolutely every crypto (except tether) is massively in the red right now, this is just due to a panic sell-off, and has happened many times in the past. At one point (after the Mt. Gox hack), BTC crashed to 1/10th its prior value, and still recovered to reach the heights we saw last year. The time of crypto is FAR from over.
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This would have been a good idea yesterday, however the market has probably reached close to the bottom of the crash, so it is unlikely to benefit you.
In future, if a crypto is collapsing trading against USDT to minimize losses is a logical move, you would then rebuy back in as the market is going back up (but still under what you sold at) otherwise you'll be losing money regardless.
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100% secure doesn't exist, there is always some vulnerability that can be exploited. However, if you remove third party access to your private keys, that eliminates one potential mode of exploit.
To be truly safe, trust only yourself with your private keys, store your bitcoins in paper wallets that are contained in a safe that only you know the location of and have the key to. If you don't want to go that far, use a hardware wallet such as trezor, or a nano S, and hide the seed somewhere only you know the location of.
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Bitcoin isn't creating money out of thin air, it is creating a store of value out of thin air, similar to how credit systems work. Bitcoins are produced, fiat currency exchanges hands in conjunction with bitcoin transactions, the amount of money in the world hasn't changed, the amount of value in the world has. Cryptocurrencies are a symbol of the future, physical items as a store of value are outdated, gold doesn't have $1,300 of usable value per ounce, and yet people still buy it as its value is recognised as $1,300/oz.
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This is the same news that's been going around, note that China is thinking about implying heavy regulations, not necessarily an outright ban. Also, this still requires a vote from the commission, most of which probably have some holdings in BTC/Crypto so will be unwilling to shoot themselves in the foot. This will not collapse the crypto economy.
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It is highly likely that you invested at a higher price than the current market price, therefore you'll probably take a loss if you sell now. The market is on a temporary downtrend, this is obvious because ALL cryptos are down. At least wait until the depression is gone before selling, as you can expect bitcoin to increase by 15-20% over the next few days.
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These temporary drops are common in the world of crypto, nothing to worry about. As you'll see, all coins are going down, hence it is just a small depression in crypto trading right now. I would advise that you keep hold of your coins, as after these drops they tend to reverse and go higher than they were before. However, if in future you see a single coin going down, whilst the others remain stable or improve, then you should investigate why this has happened, if the reason is significant, then pull out.
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Honestly, the best way to send microtransactions right now, is to use an exchange to convert the BTC into another crypto with a very low fee, such as ripple.
BTC > Ripple > Sent to recipient > Ripple > BTC, this way you only pay the exchange fees and the ripple transfer fee which is still likely to be massively smaller than the BTC fee would have been. This process assumes that you move all your BTC to an exchange at once, and that your clients have an exchange or will accept payment in alts.
Other than this, you can use a transaction accelerator to push the tx, but depending on how micro we're talking about, this may not be economically feasible.
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You can take a look at the following website to see what the ideal transaction fees are at the time you're sending the transaction; https://bitcoinfees.earn.com/Currently 420sat/b are recommended, bitcoin fees don't actually go up, the competition increases, thus meaning only the highest fee transactions are prioritized by the miners, given that only a limited number of transactions fit in the next block.
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I sent bitcoins to the following wallet address: 12PoVZpvkaKbsHozKR2dyouTmPF9egcF4N they are currently unspent. Unfortunately it was a scam address trying to buy hardware. Can I get these bitcoins back? Thanks Martyn
Checking on the transaction indicates that it has already been confirmed. https://blockchain.info/address/12PoVZpvkaKbsHozKR2dyouTmPF9egcF4NUnfortunately, because of this your money cannot be retrieved, you've been scammed. All you can do now is watch the address, and hope they send the payment to another address that can identify him, this is highly unlikely however.
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Well, these people took the time out to understand a concept when it was still a nascent, obscure idea. They invested money when everyone else thought that money could be best invested elsewhere, or spent on random things. These people took a gamble, and it paid off, how can anybody suggest they don't deserve their wealth? If you went to a casino, and risked $10,000 on a gamble with 100:1 odds, and you won $1m, would you say they don't deserve their winnings?
In short: They deserve their wealth, they took a gamble few were willing to take, and it paid off.
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Because people form part of society, in society there are certain fees to pay to benefit from the perks of membership, such as dental care, healthcare and sewage treatment facilities. Tax is a form of collective investment, you invest in the tools and industries that better the lives of those contributing.
Trust me, you do not want to live a society where none of these community facilities are available.
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Bitcoin is approximately as dangerous as carrying around cash in a wallet. If you lose the wallet, or it gets stolen, then your money is probably gone. This is analogous to having your private keys or seed phrase stolen (although this is much more difficult than stealing your cash wallet). If you don't take the time to adequately understand what you're dealing with, you may end up victim to a scam, similar to how telemarketers pray on the unknowing.
Simply this, take your time, understand how the technology works, learn how to protect your assets, and then invest.
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Bitcoin Talk Name: onnz423 Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=321554Rank: Hero Post Count (including this post): 2035 BTC Address: 1Lh1iLwKDvSVWraUxzxhNidJNkjbWyrpCx ETH Address: 0x4e8D97B92843b255d5E22F4599943646242E0203 I would love the opportunity to work with you in promoting this campaign. Applying signature and avatar now.
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Bitcoin Talk Name: onnz423 Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=321554Rank: Hero Post Count (including this post): 2034 ETH Address: 0x002701dce1f73c58bc450409a836a8a70f609c19 Thanks for the consideration. Edit: Avatar has been changed, but is taking a while to update on bitcointalk.
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Waiting for signed message from escrow address before applying.
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when ever I found any news about bitcoin it is negative news , i am confused why traditional mass media always against bitcoin ?
I was also suspicious of what I did not understand at first. Most media is tailored for the uneducated layman, many of which are unfamiliar with new technology, and like cavemen, are scared of the fire that could improve their lives. I think, there is also a chance that there are bank and visa-backed smear campaigns against BTC and other cryptos. Typically when a rival seeks to step onto your turf, the first response is to discredit your competitors, this is something I suspect VISA might be carrying out, by warning about risk of hacks, high transaction fees and the lack of protection in payments.
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Rather than making everyone email you for more details, why don't you spend a little (or preferably a lot) more time filling out this thread answering some of the basic questions people might have, including;
1. What assurances can you offer investments that their money is safe 2. Are you offering collateral for their investment, or not? 3. Are you offering partnerships, stakes in the company, or simply a return on investment? 4. Why do you think that this thread is sufficient to gain investment, when other companies have a detailed plan, including roadmap, beta-testers, advertising managers etc
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