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5961  Other / Beginners & Help / Re: Difference between Minerfee and Sevice fee. on: October 17, 2019, 02:45:30 AM
Service fees can be different depending on the exchange you are currently using. Service fees can be defined as the amount you pay to the service provider in exchange for them sending your coins to another address. Miner fee, on the other hand, is the fee that is given to the miners for including your transaction into the block. You basically pay both of them when you send coins to another wallet.
5962  Other / Meta / Re: What is the moderation policy for Gambling section? on: October 17, 2019, 02:01:09 AM
Isn't everything allowed in Gambling as long as its main topic is websites that want to promote their gambling site? If its a site that promotes gambling using altcoin then I suppose it's free to do so but if it is topics about altcoin discussion itself, then they should proceed to the altcoin discussion part of the forum.
5963  Economy / Economics / Re: Central Bank: If The Entire System Collapses, Gold Will Be Needed To Start Over on: October 16, 2019, 12:57:34 PM
Doomsday preppers have recommended hoarding precious metals like gold and silver for years in preparation of the big crash.

I remember a time when most might have agreed people hoarding gold were crazy. They would have said gold standards were flawed economic paradigms. Fractional reserve banking and inflationary currencies were our ideal standards. It seems the script has been flipped with a central bank admitting fractional reserve banking and inflationary currencies may not be the perfect economic policies professors at universities have long claimed.

Globally we've witnessed banks accumulating and holding gold reserves for some time now. There's a shift in the direction of the wind. These changes could be frightening to consider.

What should we think of a world where central banks behave like doomsday preppers, accumulating and hoarding gold as if in anticipation of global economic crash?

Well, we could already expect the world to be rekt. Bloody banks only think of themselves, asking the people to spend more and more. They persuade the masses to spend, slowly increasing the global debt, and then this. Really. It's like we're fighting each other in war but one side is purely uneducated ones and the educated ones team up to bully the other side. US dollar has already been releasing more and more supply of it, saying it is for "economic growth" and yes, we could partly say that it is true, but at the same time it has also managed to damage the economic market sadly enough.
5964  Bitcoin / Bitcoin Discussion / Re: retrospective of your thoughts on: October 16, 2019, 12:05:24 PM
It was quite a funny situation actually. I was still a student back then around 2016 or something. A friend of mine told me that someone was using our school's computer to mine bitcoin and I was like, bitcoin?? what is that? Well, it was funny cause I was ignorant at the time and even ignored the situation back then. Never thought that after 3 years I'd comeback and see it making a huge stride over the world, reaching ATH of 20k $. It was really unexpected back then and I kinda regret not going for it when I discovered its existence.
5965  Economy / Speculation / Re: 20% price drop 7 months before the May 2020 halving? on: October 16, 2019, 11:23:34 AM
Halving will result with price going up for sure, there is no way of bitcoin not going up after the halving, I don't care how long it will take, it can be months before the halving, it can be right around halving (a bit early a bit late) or it can be weeks later than halving but if you know what halving is and what it means for the seller side of the bitcoin world then you will know that bitcoin will have to go up.

That will be the only way miners will make up the difference, if they can't mine 1800 coins and only mine 900 then the price can't be $8k but has to be $16k, of course it doesn't have to go up that much, just doubling the cost of one bitcoin mining is enough, I don't know how much it costs to mine one bitcoin but I am pretty sure its not free hence we will go up for sure.

Comparing the past halving events, price going up would occur after close to a year. The price would consolidate at a steady line for that year and will go up gradually towards the end of the year 2020. As for the 20% drop, I doubt it would happen though. Past events have shown that bitcoin prices before the halving actually went up, showing continuous growth in price up to a year after the halving itself. I have no reason to believe that it wouldn't do so this time. Sadly Bakkt launch was a sad day. Price could've pushed to 9000$ but the disappointment was the only result in the end. It even dipped down a bit after their launch.
5966  Local / Pilipinas / Re: Role of crypto (enthusiasts) in the increasing PH cashless transactions on: October 16, 2019, 09:52:24 AM
First step I guess? Considering na ang crypto is also a type of digital transactions, I guess BSP can start from there and dahan dahang ipakilala yung crypto sa buong mundo. May bitcoin and altcoin na sa coins so sumunod na lang ung iba katulad ng Gcash para mas maspread ung word about what bitcoin is. Dapat din maglabas ung either BSP or ung mga apps like coins ng introduction about what crypto is para hindi naman ignorante yung karamihan sa ating mga Pilipino. Dapat sumasama tayo sa agos ng pagunlad and sana makapagfirst step sila BSP dito.
5967  Local / Pilipinas / Re: Kahalagahan ng paggamit ng iba't-ibang Bitcoin address sa pakikipagtransact. on: October 16, 2019, 08:32:56 AM
So parang nagpadala ka nang pera at ineexpect nang receiver na makukuha niya kinabukasan. Pero sa sobrang kuripot mo ay nakikipag bargain ka pa para bumaba ang presyo kaya kinabukasan, nalagay na nga sa pangalan ng receiver ang pera pero hindi niya pa ito magamit kasi wala pa nga talaga sa kaniya. Ganoon ba iyon?

May mga wallet naman na supported ang RBF at CPFP kaya't try niyo muna if yung wallet na ginagamit ninyo ay sinusupport yung dalawang features na ito. If not, then proceed dun sa guide na sinabi ni OP. Almost all wallets naman ay gumagamit ng BIP 39 and BIP 32 so should be easy to fix kapag nangyari yung katulad sa scenario ni OP.
5968  Economy / Speculation / Re: Bitcoin price is controlled not just manipulated but controlled on: October 16, 2019, 07:37:13 AM
Any proof you have to support your statement? Some big players may use bots to trade simultaneously in more than one market so that they can take benefit of price difference. But to control the market, it requires much more than a bot! Market manipulation is easier said than done!

Have you noticed any such pattern?


Who ever created Bitcoin knows how to manipulate.

Simple:)
What an ingenious reasoning that is backed up b facts and details that were meticulously researched upon by hundreds of people. Please. Before making an argument, at least learn how to bloody answer one. Whales may use bots but they only schedule buys and sells at the time. I doubt that those types of movements would be enough to call the market "controlled". Bots are automated. They're only for the sake of trading so that users wouldn't need to buy or sell coins themselves 24/7. Bitcoin or crypto, in general, is called "decentralized" for a reason you know. Sure, we've seen countless manipulation in the markets by now but those would be done by the whales since they have the ability to own the majority of the market. But telling us that Satoshi uses bots to control the market? Please. At least come up with something more interesting than that.
5969  Local / Others (Pilipinas) / Re: Paano mag simula kumita ng crypto currencies on: October 16, 2019, 05:50:48 AM

~snip


Ikalawa, ay kung mamumuhunan ka at mag-iinvest. Pwede kang maglong-term hold or mag-trade. May mga useful links dito sa forum.

Kung mamumuhunan ako? maaari mo ba akong mabigyan ng links upang mapag aralan ko kung paano mamuhunan sa cryptocurrency? Gaano kataas ang risk nito? Paano ko maiiwasan ang pag kalugi?
Kung mamumunuhan ka, you'd need at least 200 or 300k in php para makita mo na nagkakaprofit ka talaga. And note na kahit mamunuhan ka, you might need to wait for 3 or 4 years bago mag bear fruit yung investment mo. Thats just how crypto works.

Kung simple lang naman yung nais mo like gusto mo lang ng profit without investment, sinabi na ng previous posters. Bounties and campaigns are your best bet. Ang risks involved though is baka mascam ka ng bounties na yun.

Prerequisite of all this is need mo agaralan yung lahat ng required knowledge for bitcoin para di ka out of loop pag nagdidiscuss and nagiinvest. Need mo rin updated mostly everyday para makapag galaw ka if needed. You can refer here if need mo ng daily updates sa crypto world https://cointelegraph.com/amp
5970  Other / Meta / Re: Is this forum not afraid about it's demise? on: October 16, 2019, 03:40:39 AM
Why would this place be afraid? Even if traffic died down a bit, those people whom contribute to the community wouldn't be the ones leaving. Besides, bitcointalk still has its campaign/bounty forum. I doubt people would leave it since it's basically money for your services in posting. Those that left would probably people who got tired of shit posting and those that stayed were those whom were engaged in learning while doing their bounties.
5971  Economy / Speculation / Re: Bitcoin Halving and price History Analysis on Chart on: October 16, 2019, 02:08:57 AM
If I remember correctly the highest price in each phase took a year at the least to show its effects on the market price. We can also see in the chart that with each halving, ATH of bitcoin is reached for that bitcoin. Id say we could safely assume that after the 3rd halving, bitcoin would only rise and should reach a new ATH. All time highest should be around a 1000% or 2000% increasw just based on past halvings that occured. That is excluding all possible factors of course.
5972  Local / Pilipinas / Re: Anung ginagawa nyo nung 2009 -2017 kung saan ang bitcoin ay ngsimula at kumawala on: October 15, 2019, 02:13:57 PM
Alam na siya ng kaibigan ko at nakwento na siya samin. nag fafarm pa nga raw ung isa naming co - worker sa trabaho ng bitcoin gamit yung laptop niya mismo habang nag wowork siya and up to ganun lang yung interaction ko with bitcoin in the past. Nung nabanggit naman na virtual currency ito nung tinanong ko ay binalewala ko lang din sapagkat ignorante pa ako noon sa ibig sabihin ng mga salitang iyon. Di ko rin naman masisisi sarili ko na hindi ako nagtanong o naguinquire pa kung ano pa ang ibig sabihin nun sapagkat yun na kasi ang desisyon ko eh. Nakakapanghinayang lang talaga pag alam mo na yung bitcoin nung una pa lang tas di mo finollow up kaya ngayon andito ka naghohold at nagaantay tumaas uli yung priceehahaha.
5973  Economy / Speculation / Re: Crypto Market Update: BTC continues to drop lower, where next? on: October 15, 2019, 01:52:38 PM
the problem with bitcoin price is that you can never predict the sudden drops. what you can predict is the downtrends and uptrends but never the sudden movements.
what we had was a sudden drop which didn't even take a full day to get to the bottom of it! there is no way you could ever predict that.
on top of that, calling this a downtrend and "continues to drop" is a bit odd to me.

I don't think I agree. I'd been posting for a long time that I was anticipating a breakdown. No one's ever going to predict the day it will happen but I called for it and didn't waver from that call. As far as the suddenness... if price has bounced from the same level that many times, when it does give out it's going to be violent. The same thing with the 6k breakdown.
Well, you indeed predicted it right but that doesn't really mean you could predict the next one correctly and the next and the one after that right? Besides, I doubt the bitcoin price would breakdown to 6k. I'd expect it to go below 7500$ but not anymore below that amount. I'm still hoping that Bakkt could come back from its disappointing launch and even if not, from what I experienced in the past, Q4 is the time for the price to increase or at the very least, progress on a steadly line instead of crashing down.
5974  Economy / Speculation / Re: New printed money into crypto? How? on: October 15, 2019, 12:13:11 PM
The question is in what way the new printed money will find the Way in to crypto market?


As Property and stock markets are booming gold is going up too we have like new economic fresh start everything is going up but Bitcoin is Still down!


I wondering wich way the New fresh money as euro,  usd and Australian dollar will be invested into cryptocurrency market?


Having fiat available doesn't necessarily mean that it must go to buying coins in the crypto market. Besides, USD printed more dollars to boost economic growth and not to accommodate the amount of bitcoin in the market so that it could potentially boost its price. Countries print more money because of supply and demand for the resources that human beings need, not for bitcoin itself. Even if BTC did reach 100k USD or such, it would just result in more people holding a coin because of the huge price it has. Coins would be split to a lot of users and that way, the community could cough up 100k USD for one BTC.
5975  Bitcoin / Bitcoin Discussion / Re: Honestly, do you guys think cryptocurrencies will be gone anytime soon? on: October 15, 2019, 11:23:28 AM
Yes, I mean cryptocurrency in general, I have been only buying bitcoin so I didn't know about any other altcoins. It is so tempting to invest in them when you see 3 4x price increases.

It may be tempting to invest in altcoins buy it isn't really much when one invests in bitcoin itself. You should be aware of the halving that is about to occur by 2020 and a lot are speculating that bitcoin price would pump throughout the entire time we are waiting for the halving to occur. The hype train only occurred because bitcoin became a bubble by the year 2017 and well a lot of people got scared and bought bitcoin with what happened then. The hype train died because bitcoin has now returned to its mean. It may seem that Bitcoin is dying but it isn't actually. It rather is at it's the best state since this is the state where it could start being pumped up again.
5976  Economy / Speculation / Re: 20K by March, A positive Look at the market. on: October 15, 2019, 09:49:46 AM
Great chart and analysis! A lot of people are really expecting bitcoin to pump into 20k once the halvingbstarts in 2020 and their not to blame though cause there really is a chance for that to happen. After the first and second halving, the bitcoin prices suddenly pumped within a year of that halving.
 
I think that after the bull run, it is possible that bitcoin rises to about $35k while some altcoins like Ethereum will actually follow bitcoin behind too and then witness their last all-time high, but I think the last all time high of some altcoins are what will be witnessed again and nothing more.

The real question is when that bull run would come? The market has slowed down incredibly over the past weeks and has entered the previous state of lethargy that we experienced earlier this year.
The market value has been dwindling within a certain range with no signs of a break out.
I do not support the assumptions that altcoins would be dying any time soon, there is lots of potential in the market if the right developers key into the market, and the existing projects are upgraded often
It could be called the calm before the storm though? The market last last week was at around 7500$ but we saw changes and currently it stands at 8k$ so that's a good start right? Besides, Q4 just started so we could expect pumps by the end of it.
5977  Economy / Economics / Re: [DEBATE]: Cryptocurrency investment related on India facing threat for ban on: October 15, 2019, 08:25:46 AM

The title is misleading. The proposal is still in draft phase. It will undergo a long process before it will be official.

Aside from that, not all lawmakers or legislators surely agree to that.

Don't conclude things "for now".
Also looked it up recently and it seems the ban on crypto are just petitions that are yet to be reviewed by India's Supreme court by the time this thread was made. The last hearing I was able to find was said to have happened on sept 25,2019. Sadly, I couldn't find anymore news about it.

And naturally, appeals happened since RBI originally said that they would ban bitcoin, and the situation isn't really that clear yet because decisions are made through long and arduous processes. I do hope the petition fails sincr this could be a possible setback for crypto
5978  Economy / Speculation / Re: [2019-10-13] Fun Fact: Bitcoin Price is Up 838,000,000% in Ten Years’ Time on: October 15, 2019, 06:13:09 AM
We can actually look at dips as not a negative event but rather a chance to hold more coins instead. We've alrwady hold for a long time, what's adding a bit more of months to that. Those who panic sells are mostly people whom are in just for a quick buck. Each and everyone of us whom have stayed with bitcoin for a long time know how it had reached its status today, from having no value to being to what it is today.

Let's wait for bitcoin to reach the top and look down to those whom underestimate its prowess look up to it.
5979  Local / Pilipinas / Re: [Take note]mga banta ng cyber -security on: October 15, 2019, 04:12:17 AM
Manatili po tayong alerto sa anumang banta sa ating seguridad na gumagamit ng cyptocurrency upang hindi tayo mapabilang sa mga mabibiktima nitong treat na mga ito.
According here: https://bitpinas.com/feature/philippines-4-types-cyber-threats-watch-towards-end-q3-2019/ may kailangan tayong bantayan ngayong katapusan 3rd quater ng taon na ito, at ito ay mga sumusunod


  • Malware - alam nyo ba na ang pilipinas ay nakaka experiences na halos 124% kaysa sa buong mundo.
  • Crypto-jacking - kung mabilis malowbat ang battery ng cellphone mo magduda ka na, ito kasi ang isang sinyales na may hidden cryptocurrency mining scripts na ang CP mo.
  • Ransomware -  kadalasan ang ginagamit dito ay CASH at BITCOIN pang tubos kumbaga.
  • Drive-by-downloads - ang inaatake nito ay ang mga apps na ginagamit natin tulad nalamang ng ng COINS.PH app na ka install sa mga gadgets natin
Awareness is the key para maiwasan natin itong mga ito.



Hindi lang sa cp pwedeng gumana yung crypto jacking, pwede ring mainfect yung pc natin. Yung wala kabg ginagawa pero sobrang taas ng cpu and memory usage mo, that could most proably be a sign. Kung di naman tayo magbububukas ng randon links at magdodownload ng kung ano anong files, pretty sure na safe yung pc/cp natin unless na inispecify nung hacker yung gadget natin to be hacked. Stay safe and maghanda lagi ng contingency plans like paghiwahiwalayin na wallet yung coins and cash or maghardware wallet na lang talaga for 100% security.
5980  Local / Pamilihan / Re: Use your BTC on your Lazada Purchase (coins.ph>gcash>lazada) on: October 15, 2019, 03:10:11 AM

NOTE: Please used this for small transactions only or kung saan kaya mo irisk. 10 days kasi ang maximum period ng Lazada kapag nag-file kayo ng refund. In case of refund, sa Lazada Wallet mababalik iyong amount.
Wait sa lazada wallet napupunta yung refund? Bakit napunta sa gcash ko yung akin? Na double kasi yung pagbili ko nung mouse pad dati kaya nagrefund ako, sa gcash account ko pa rin siya napunta.


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