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5121  Economy / Speculation / Re: personal prediction for next days based on logic on: September 09, 2017, 03:03:15 PM
According to my predictions prices will back up bitcoin again and put in a higher position than now, this thing is going to happen 4 days longer because of the price of the bitcoin now still changed-change $4300, after 4 days may be the price of the bitcoin will return to normal and stable, the figures will go up on. $4700, this would be something good than before the downturn, but remains still at the number $4000 to top Wink
If the price stays above $4000, then it would be good for us. But right now we don't have any assurance about the same price pumping as the period price decrease takes place. In my personal calculation I expect the price to fall as low as $3500 based on the reality in the China's decision. Soon after that when market stabilizes it gains resistance and reach $5000 in a short time.
5122  Economy / Gambling / Re: New to bitcoin but ain't new to gambling. on: September 09, 2017, 02:49:28 PM
When it comes to gambling you have got lots of legitimate websites compared to the gambling websites. This will let you find the right one and take part into gambling activities. If it's for investment then you can go with the suggestions of users who have already been with the investment platform and found it legitimate.
5123  Economy / Gambling discussion / Re: Good Online Dice, When You Can Win Up To 0.1 BTC In 30 Minutes on: September 09, 2017, 02:15:29 PM
0.1btc in 30min is a possible amount to win through gambling. But I don't think it's possible with dive or any sort of poker games. With sports betting it is possible, if the user have the expected winning amount to risk. Also when it comes to gambling nothing is assured, each and every move depends on luck.
5124  Bitcoin / Bitcoin Discussion / Re: How do you store your bitcoins? on: September 09, 2017, 02:07:55 PM
I've been storing bitcoin in a trusted exchange market but it also has a high risk of losing bitcoin because it puts the money in there

storing bitcoin in exchange is not safe, even if it is big exchange like poloniex also anything can happen and if the exchange got hacked then your account can also get hacked and you can do nothing. That is why it is recommended to store bitcoin in hardware wallet like electrum which is very lite to use and very secure.
Yes, there are several past incidents where the exchanges got hacked and users lost their entire holding. I have certain amount in online wallet for anywhere accessing and recently a hack attempt was tried over my wallet. After that incident I have started to hold it in the desktop wallet for increased security.
5125  Economy / Economics / Re: Best way for steady income on: September 07, 2017, 12:16:53 PM
I think mining is best way for steady  income.Trading also good but trading is very risky.if you have enough experience you can do trading.But mining is good.There are no risk in mining.

It is not steady as the blocks are getting difficult, bitcoin is difficult to mine right now and you do have to invest on your electricity and also the hard at first.  Though if you mine a crypto currencies it is more profitable and i think it could be steady if you run your system 24 hours in a month. Trading is risky at first but in later on it is not because you gain a lot of experience from it
Mining is profitable, based on the electricity charges. In the early days mining has been considered as the best source for earning bitcoin. Now most of the users give importance to trading. Depending on the trading knowledge one gains good profit. Here even a small investment is enough to make a small earning which is not possible with mining.
5126  Economy / Speculation / Re: 1 satoshi = 1 US cent? In next 5 years? on: September 07, 2017, 12:03:29 PM
There are lots of possibilities, because the price keeps on increasing and importantly the prediction made to such a bigger price were by bitcoin enthusiasts who are highly skilled with cryptocurrency currency market. Also most has made the predictions keeping deadline as 2022,can expect good things to happen in a short time period.
5127  Economy / Service Discussion / Re: Cloud mining on: September 07, 2017, 11:38:20 AM
At present there are not much more of trusted mining websites. That too, most of the cloud mining platform that got into existence went as a scam in a short time period. This has created a negative statement regarding cloud mining over the minds of users who have been into mining.
5128  Economy / Gambling discussion / Re: Cricket match prediction discussions on: September 06, 2017, 07:18:00 PM
That looks to be an very worst situation for Sri Lanka losing all matches from test series to t20 series without even getting a win. Now one among the strongest team due to the worse play was in the last ranking and was supposed to play qualifier match to make it eligible for the world Cup matches.
5129  Economy / Speculation / Re: Bank Interest VS Bitcoin profits on: September 06, 2017, 07:01:17 PM
Bitcoin interests were much higher than what's been earned through bank interests. Banks provide very small amount as profit for the savings, whereas with bitcoin the price varying with regards to time gives a good profiting depending on the difference happening between the time of saving as time of cashing out.
5130  Bitcoin / Bitcoin Discussion / Re: Share Bitcoin Accepted here Stories on: September 06, 2017, 06:27:59 PM
India haven't got the legalization from the government, which has resulted in the increased user base with less number of merchants on several business accepting bitcoin. This will increase abruptly, if the government legalize bitcoin similar to that happened in Japan. More countries legalizing bitcoin will cause a growth to the next level.
5131  Bitcoin / Bitcoin Discussion / Re: Does China have a large part in the world of cryptocurrency? on: September 05, 2017, 09:00:57 PM
Even based on the little information I know, I'd say yes (I'd say even 10% is at the very least a large minority!).

1. According to that first news article that surfaced about the China ICO ban, crypto funds from Chinese hands formed about a quarter of ICO funds raised this year.
2. We already know that some of the largest mining pools are based in China, thanks to cheaper costs of operations (aka cheap electricity). If in doubt, you only need to look at the Bitcoin mining hashrate distribution, let's say even a simple one from blockchain.info: https://blockchain.info/pools
3. Further proof? Take a look at the largest markets by volume on coinmarketcap.com. Three of the top 5 are Chinese exchanges.
they are mining most bitcoin/cryto available , but only few hold it on. so yeah they have a big role on how cryptocurrency market running but due decentralized system which means noone could have fully control over the cryptocurrency world even they have everything to rule it.
Yes, China has a major role in the growth of the bitcoin and the entire cryptocurrency. This is due to the acceptance it had got soon after the existence of bitcoin as well the majority of mining taking place within the country. Recently it was China controlling the bitcoin's price and everything came to an end after an inspection conducted by the PBOC over various exchanges.
5132  Economy / Speculation / Re: I always feel relieved when you have a good fall....how about you? on: September 05, 2017, 08:28:02 PM
Majority of the bitcoin users have such a relaxation, because after every price dumping there will be a price pumping with which the users try to make the profit out of the same. Everytime reaching an new ATH makes the users happy, but an internal panic always prevails. On the whole bitcoin is all about risk involved.
5133  Economy / Speculation / Re: WILL BITCOIN PRICE NEVER GO DOWN? on: September 05, 2017, 08:00:28 PM
I do not know, talking about the issue of bitcoin prices, we can only speculate. we do not know, bitcoin prices will always go up or not I just speculate if the price will go up, but I do not know if the price will go down, but it will definitely go down.
Price going down will happen with time, because of the demand to the supply availability. As everything happening with bitcoin is completely on a speculative approach we can't predict the future outcome of the digital currency. Fluctuations happen often, but till now every time after certain time it has resulted in a price pumping.
5134  Economy / Gambling discussion / Re: What do you feel when win in gambling? on: September 05, 2017, 07:26:43 PM
If i am winning of course i will feel unstoppable with this feeling i will kept going to play until i lose them all, this was my past habit in gambling now if ever i won in gambling i still feel unstoppable but i set a limit to myself so that i will win on that day instead of losing everything even my bankroll.

Its a good thing that you are trying to control yourself from being greedy that way you can finally taste the true feeling every time you win and stop betting. I know its kinda hard to do that specially if you get used to it but at least you are trying and that is a big step already.

To control ourselves from being greedy the best thing to do is to not care about getting profit. If we dont really care about getting profit then we wont really feel satisfied  even when we win. When we win, it will be just like that. We wont really feel happy but it is still good to win something rather than losing it
Every user focus on profiting through gambling, while very few users who have good financial backing never think of the profit, but spend on gambling for fun. With me the winning gives a happy moment, because with the upcoming events can make better selection on odds as the capital won't get disturbed even if lost.
5135  Economy / Speculation / Re: BTC Increasing Very Fast! on: September 04, 2017, 08:22:07 PM
Unfortunately it is dropping quickly as well right now. We do not know the exact reason why it is dropping, maybe it is just a very deep correction or maybe the effect of china again or whales cashing out. What I see is that 6K price will be delayed. Maybe by next year we can see it but not before that.
Yes, the price grew in a sudden and within small time interval it has started regaining the fallen price. This might be due to the effect of China's ban on ICO or maybe the large volume holders might be manipulating to profit. The price has moved from the value around $4200 and has crossed $4500, so this might be a beginning to reach $5000.
5136  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin less evil than PayPal? on: September 04, 2017, 07:42:53 PM
If evil is to be discussed. In bitcoin there are many. Because almost millions of people around the world experience it as investment sites use bitcoins to steal money. And they can not get it back because they do not know who gets their money. Unlike paypal when you send it you can still recover it. Maybe the difference between the two is because the company is paypal and the bitcoins are a decentralized run because of people

Paypal is more secure compared with bitcoin, as you mention, there are more devils in bitcoin. These are called scammers and it's not possible to reverse our transactions after get scammed or got our money stolen. In paypal, there is chargeback function to get our money back.
Yes, PayPal is considered more secure because of the functioning happening under a centralized platform where users have got the opportunity to demand if something goes wrong. With bitcoin the situation is different that, we can't question it to anyone if something goes wrong.
5137  Bitcoin / Bitcoin Discussion / Re: If bitcoin has enemy (except altcoin) what is it? on: September 03, 2017, 05:15:36 PM
I don't think Bitcoin has got an enemy, in my opinion it has got lots of competitors. Recently one of the major competitor came to the ground which is the bitcoin cash. Other than this I think the FUD spreading personalities to be the enemy for the bitcoin network.
5138  Economy / Speculation / Re: Bitcoin: $100K in 2021? on: September 03, 2017, 02:12:28 PM
Quote
Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.”

According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history.

Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them.

Source here (the full newsarticle).


I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg

Bitcoin may surge high

And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken
Bitcoin is a technology in a sense. Blockchains in general are pretty much going to follow Moore's law for as long as they live. Keep in mind that Moore's law still largely stays Moore's law if you have different growing coefficients. The underlying message is growth through development.
Yes, growth happens when the development happens in one form or the other. Blockchain technology is making an advancement in the entire economic system prevailing throughout the world. Here when the adoption happens large scale the chances of bitcoin reaching $100k increases.
5139  Economy / Trading Discussion / Re: When sell ETH for BTC? on: September 03, 2017, 01:26:32 PM
Hi all,

1 month before segwit I sold my BTC for ethereums and was sure that it will grows as fast as btc. It was not smart decision I know.

But now I see that it is ±300$ all the time when bitcoin is close to 4300$... I regret that didn't sold my eth for btc once segwit happened...

But I hope that 4300$ is not maximum of bitcoin price in this year so I am planning to sell my ethereums. But I don't know when to do that. I feel bitcoin correction in near time so maybe it is better to wait a bit? But I am not sure about eth price in near time.

What to do?  Embarrassed

Thanks a lot community!
The price of the bitcoin is still increasing. I holding my bitcoins because I know the value of it will still rise up. I planned to sell my bitcoins 10 years from now because I am sure that I will get big amount of profits by that year.
Yes, the price of bitcoin seems to increase without bigger drops. So holding is a good way to profit without much risks. Investing is quite a risky thing, because very few trusted platforms were found for investors. Right now both Eth and btc are growing gradually, so it's good to hold.
5140  Economy / Trading Discussion / Re: Don't Spend Too Much Time Trading? is that true? on: September 03, 2017, 12:29:53 PM
i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically. Cry
what is your opinion?

It will only depends on the person if he/she is really into trading if you are working hard daily checking the charts and the movement of the coin and doing some analyzation then this is what a professional trader is doing and it will really lead you into more money. In my opinion those who lose too much profit in trading are traders that doesnt do well obviously and just want to switch on other jobs that are related to bitcoin.
You're right. Most often long term holding is more advantageous, but some people can not afford to live only from their holdings, and trading is a way that allows them to have bigger gains. For some people, trading is not an option, it's a daily job.
Trading gives bigger profit, for which one should not consider it to be the day job. With people who can afford to loss without any decline in the standard of living could make it a day job. In my personal thinking, more the time spent more will be the profiting as the price varies each and every second.
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