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5821  Bitcoin / Bitcoin Discussion / Re: Samsung is going to accept Bitcoin on: August 22, 2018, 04:11:11 PM
I haven't heard any such news. Can you please provide the link to the article where it was published?
Samsung is a huge company and the news would have spread like wildfire if it was true. If the news is really true then it might be a huge step for crypto.
This could also lead crypto into a bullish trend. I wonder why you haven't provided a link. Makes me think its fake.
5822  Bitcoin / Bitcoin Discussion / Re: Australians can now to pay their every day Bills using Bitcoin and other Crypto on: August 22, 2018, 04:08:10 PM
This is a great news for Australians as they can now be able to pay their bills using crypto. I wish some companies in my country would do partnership with some company like Cointree did with Gobbil . If many other countries start doing this then it might be a huge step for cryptocurrency to go mainstream.
Cryptocurrencies are slowly growing and I believe it might not be too late until every country eventually starts accepting cryptocurrency as a legal currency.
5823  Economy / Speculation / Re: Investing on BITCOIN for 1 year... Will it good or bad? on: August 22, 2018, 02:34:48 PM
If you see the history of BTC you can see that the last year alone made so many people rich. It was about 19 times higher than the lowest price of the year but if you look along the previous years you may find that the early years of BTC made a good struggle to reach the level it is at now. So the bearish trend it is going through now may be a longer one as the history depicts. We might not know when the bullish run begins but as soon as it does the ATH will be much higher than the one it had been.
5824  Bitcoin / Bitcoin Discussion / Re: There will be a global cryptocurrency, but not bitcoin says EX Goldman Sachs on: August 22, 2018, 02:14:15 PM
It's his opinion and it may or may not be true. We can only wait to see what actually happens in the future. Even if BTC won't be accepted as a global cryptocurrency then according to him some cryptocurrency will surely be accepted globally. This is a good news because any cryptocurrency if accepted globally will definitely boost the sales of BTC in the market as it will be traded with the BTC pair too. So in an indirect BTC will be benefited whatever the case is.  Wink
5825  Bitcoin / Bitcoin Discussion / Re: Will bitcoin ever stop depending on fiat currency? on: August 22, 2018, 02:04:25 PM
If everyone in the world gets into crypto and cryptocurrency will become an official global currency, do you think bitcoin then will stop depending on fiat currency? Or will it just co-exist with fiat?
At present you can just get opinions from the users for this question as there won't be any definite answer right now. In my opinion "If" Bitcoin goes mainstream and becomes a globally accepted cryptocurrency then there are chances that it won't depend on fiat anymore. The chances for it to not depend on fiat will be high only when the fiat currency is demolished and there is another currency which is almost equally valuable as BTC. It might be another cryptocurrency too but until that doesn't happen the thing which you are asking is impossible to happen.
5826  Economy / Services / Re: [BitBlender] Signature Campaign - Seniors and up (Open) on: August 22, 2018, 01:49:43 PM
Lutpin hasn't been online for a while. I am sure he must be busy in something important. The last period's payment is till pending and there is just a week left for the next period to end. Can the old participants tell me whether it has happened before? I do have full faith on Lutpin but just want to know what is happening around.

he's probably absent because of vacation until 24th. give the men the rest until he's returning. Wink
Lutpin hasn't been online for a while. I am sure he must be busy in something important. The last period's payment is till pending and there is just a week left for the next period to end. Can the old participants tell me whether it has happened before? I do have full faith on Lutpin but just want to know what is happening around.
His personal text implies he is out until the 24th, I'm not worried about it. A highly trusted member won't kill their reputation and trust on something like this.

 Cheesy Didn't notice his personal text. Thanks for the info guys. Smiley
5827  Economy / Services / Re: [BitBlender] Signature Campaign - Seniors and up (Open) on: August 21, 2018, 05:54:31 PM
Lutpin hasn't been online for a while. I am sure he must be busy in something important. The last period's payment is till pending and there is just a week left for the next period to end. Can the old participants tell me whether it has happened before? I do have full faith on Lutpin but just want to know what is happening around.
5828  Alternate cryptocurrencies / Altcoin Discussion / Re: Won't it be possible to be paid for bounty in cash instead of token on: August 19, 2018, 08:16:09 AM
There are two main reasons why the bounties are not paid in cash but in the respective tokens.

1. Being the major reason, most of the projects launching raise money in the ICO stages. They accept cryptocurrencies and give tokens in exchange for it. There is no cash involved and hence they don't pay in cash for the bounties.

2. If at all they decide to pay cash for bounties there will be so many people from different countries and paying all of them in cash will require for them to have different fiat currencies which is really hectic. This is why everybody avoids fiat currencies.
5829  Alternate cryptocurrencies / Altcoin Discussion / Re: Cardano will destroy Ethereum! on: August 19, 2018, 07:56:44 AM
I believe in ETH and I am sure it will be at the top for most of its time. I like ADA too but I certainly don't think that it will be able to replace destroy ETH. The developer of ETH Vitalik Buterin is a good developer and I believe he will surely develop ETH to a level where no other cryptocurrency will match it or replace it or destroy it. If Cardano will develop to that level just think how much more will ETH be developed.
5830  Economy / Trading Discussion / Re: whether news from the media can affect asset prices in the market on: August 19, 2018, 07:40:18 AM
Most of the price fluctuations in crypto trading are due to news and events happening around the globe. People react to the news which affects the prices. If a positive event occurs somewhere in the world then it leads to a positive news circulating and hence people get motivated to buy in and the opposite happens when a negative news get circulated in the world. Most of the times the negative news affects more which leads to a panic sell in the market.
5831  Economy / Trading Discussion / Re: Should I stop trading in this bear market? on: August 19, 2018, 07:25:01 AM
Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
If you are facing consequent losses in your trade then you must take a break and that is what I have learnt from my experience.
I had started trading long ago and faced huge losses in the beginning of my trading journey. I didn't what to do and so decided to take  a break from trading. I analysed the market and when I felt I was confident enough to start trading again only then I started again. You can take a break as well until the market conditions become alright or you find the bottom of the market to buy in.
5832  Economy / Economics / Re: Fees in the future in correlation to BTC Price? on: August 19, 2018, 05:47:02 AM

1. Can a fee have a satoshi/B value below 1?
2. Can a fee have a satoshi/B value equal to 0?
3. What is the smallest size (if there is any) in bytes that a Bitcoin transaction can be?
4. Since block rewards decrease over time, is it possible to sustain a system in which miners and low on-chain fees (by low I mean less than $0.01) can coexist with a Bitcoin valued at $1 million?


1. Yes the fee of a BTC transaction can go below 1 sat per byte. Example : If you have a transaction of 200 bytes and you pay 100 satoshis for thw whole transaction that will mean that you have paid 0.5 sat per byte as the transaction fee.

2. Yes the fee can be equal to 0 but the probability for it to never be mined is very high.

3. Well I had googled it and found the best answer here :
    
Quote
There is no minimum size restraint on blocks and transactions. However, due to the nature of blocks and transactions, there is a practical minimum.

The smallest transaction I can think of is 61 bytes. It is a transaction that spends an OP_TRUE anyonecanspend output and creates 1 OP_TRUE anyonecanspend output. The smallest block I can think of is 146 bytes. This is the 61 byte small transaction + 4 bytes for block height in that transaction + 80 byte block header + 1 byte for transaction count.

4. According to me it might be possible that BTC will sustain the system when it reaches $1 million. Although I am weak at mathematics I think that the numbers would add up just right.
5833  Bitcoin / Bitcoin Discussion / Re: All Red and worried? Zoom Out and see the whole on: August 18, 2018, 04:18:58 PM
This crash really is just an opportunity for the little guy to get in while the banker elite shake the weak.  The people selling now are the poor in the future telling their grand kids how close they were to making big money. 
Or rather we can say that this is an opportunity for all those people who did a late entry in crypto and invested in it at the peak. The ones who sold it a higher price could buy it back now at a lower price and get good gains in the future. The ones who sold now at a lower price have obviously done a mistake as they would have suffered from a huge loss.  I would advice those people to buy it back now and just wait until BTC recovers the price as it always does and at least get the capital back than to suffer from a loss.
5834  Bitcoin / Bitcoin Discussion / Re: Is it just me, or are most of us actually just forgetful, greedy bastards? on: August 18, 2018, 04:12:36 PM
I think that the current fall in price is because of the panic sell of most of the investors who did a late entry in crypto in the month of December. It might also be manipulation in price but I don't think a manipulation of price can last so long so it should definitely be the panic sell which has led to a huge sell off and hence the marketcap has become so low. I really don't care of the price as of now because I am here for a long term and I believe that BTC and other promising altcoins will surely make it huge in the long term.
5835  Economy / Trading Discussion / Re: The price appears to be going steadiliy up, time to buy in? on: August 18, 2018, 03:57:27 PM
I won't say that the price is increasing steadily since the fluctuations are happening on a daily basis but yeah I can say that the price is increasing slowly.
So it depends on what your aim is. If you want to make gains from the short term fluctuations or get the profits from the long term investments. For the short term gains you could probably wait a little so that the price takes a deeper dip and if for the long term then you can buy it at the current price as it not that bad as well.
5836  Bitcoin / Bitcoin Discussion / Re: South Korea officially recognizes cryptocurrency exchanges as financial... 🔥🔥 on: August 18, 2018, 03:41:13 PM
I would definitely take it as a good news because this might lead to other countries starting to regulate cryptocurrencies too. Once a country regulates cryptocurrency it means that it has legalized the use of crypto in that country. This could be the gateway for crypto to go mainstream and worldwise use. Even if this does not lead to such a mainstream level it will at least encourage many people to start using cryptocurrencies.
5837  Economy / Speculation / Re: situation about the condition of bitcoin ! on: August 18, 2018, 12:59:28 PM
If you are a trader then you can take advantage of such situations. The chances of making profit in the bear market are low but if done right one can get good gains from his investment. If you are not a trader then there is nothing you can do but wait until the time when the BTC's bear trend is over and the price recovers. There is nothing to worry though as BTC always recovers it's price. It takes time but it surely recovers the price after a while.
5838  Alternate cryptocurrencies / Altcoin Discussion / Re: If ICO Extended the token sale date on: August 16, 2018, 11:17:09 AM
We cannot judge any ICO for this because the reason might be anything. It can be that the project has put in a lot of efforts and has spent a lot of money which was not covered in the ICO. It can also be that the project has allocated a cap for future money but didn't raise much and that's why they would have extended the ICO. It can also be that the ICO is trying to scam and wants more money and hence extended the ICO. It's better to research about the ICO and talk to the team before investing in an ICO.
5839  Economy / Economics / Re: Should there be a tax on capital gains? on: August 16, 2018, 10:40:30 AM
I don't think there is any harm in giving tax to the government as it helps us in way or the other. I support giving taxes but there should be fair rules like a minimum income from capital gains should be required to pay the tax. Why should we pay tax if we don't so much. Also, the % of amount to be taxed should be reasonable. In my opinion it can be up to 20% and anything more than this would be an unreasonable amount to be taxed.
5840  Bitcoin / Bitcoin Discussion / Re: Bitcoin Without ETF on: August 16, 2018, 06:43:27 AM
Bitcoin is not gonna fail or die no matter ETF is approved or not. ETF has come to the crypto world recently and has created a buzz but even when ETF was not around BTC was successfully gaining new peaks. So do not worry about the ETF and wait for the bottoms and peaks to make your trades and get profits in the long term and if you are a short term trader then look for crypto news and plan your trades accordingly as market behaves on news around the world.
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