Bitcoin Forum
May 25, 2024, 03:19:37 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 ... 116 »
61  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this Amazon's blockchain killer? on: May 17, 2019, 10:31:09 PM
I think that  will not be the case. Amazon can grow along with blockchain. Maybe they can implement it as well. But the thing we should be concerned about is if Amazon is willing to do so.
62  Economy / Economics / Re: Is it a value reserve? on: May 15, 2019, 10:31:14 PM
Bitcoin does indeed have a value reserve, but it is probably not what you might think. Over the course of bitcoin there has been repeated investment in 2 categories:

  • Infrastructure (computing equipment)
  • Electricity (and operating costs)

In order to make a bitcoin it costs money and the combined investment over time has created a momentum. That investment in infrastructure and electricity is built into the price of bitcoin and always has been. No one makes something for less than what it can be sold for. Here is a picture covering the last 3 years of bitcoin's price over the infrastructure cost and the price floor (infrastructure cost + electricity cost). It is a realtime number that changes based on the hash rate and mining efficiency.



Click on the link to see the image Smiley

You can find out more about it here at my website if you like:

https://www.amsinger.org/fundamental-method

Hope I have helped!

So its value reserve depends on the mining community? because as you said

Infrastructure (the computing equipments) are the ASIC people use to mine it. and;

Electricity which is certainly a big part of it. No one can create bitcoin without these two.
63  Alternate cryptocurrencies / Altcoin Discussion / Re: should hold or sold BNB ? on: May 14, 2019, 12:05:28 PM
Crypto market is growing , the bulls are back in the market , binance is a top exchange with extremely popular IEO's , so why do you want to sell bnb? Every time binance is announcing a new IEO, the price of a bnb starts to grow, so I wouldn’t be in a hurry to sell it soon.

I agree with you. BNB is one of the coins with potential to be the next Bitcoin in the making. And now that they are almost on their own chain, who knows what will happen to its price right after its launch? Nobody knows. But its with certainty people are going to become millionaires.
64  Economy / Economics / Re: Have you figured out what you are Investing in? on: May 14, 2019, 10:01:20 AM
It is known that in regular markets more than 80% of investors lose all their money in less than a year and that percentage grows as you use a longer term to determine winners and losers and I am sure the market of cryptocurrencies shows and even greater division between the winners and the losers since as we know the profits that you can get in this market are incredible compared to what you can get in the stock market.
I would say that the ratio between winners and losers in legacy markets is similar to the ratio of winners and losers in the crypto market. Retail traders are everywhere and they make the same mistakes that lead to losses.

At the end of the day, you have a 50% chance to make profit if you're flat out gambling, so based on that, it makes sense that the ratios of winners and losers will be similar regardless of the market you are participating in.

People often think the stock market is stable and is easier to trade, but that's not really the case. If it was easy to trade, it wouldn't be profitable anymore because most people would be looking to trade the same events.

Gambling right now is a big risk. If you really think you can beat or get big money out of gambling then that is some mistake as well. Trading isn't easy. You really have to do some research, and look at how the market will go into a bull run, bear or a bear trap. That way people are making money out of trades. Gambling is fun if you have lots of money to stake and make.
65  Bitcoin / Bitcoin Discussion / Re: Road to $8k? Bitcoin parabolic curve kinda dangerous on: May 13, 2019, 04:50:25 PM
Any spike like these is always dangerous, but we need to take in consideration what is causing this. I think the trade war is a big factor here, people are losing confidence in the stock market

There is really something that is causing this but we can never be sure since the market is really pushed by different forces. We all can just hope this isn't some another bubble to burst since we are only seeing a few grinding from the bottom.
66  Economy / Economics / Re: Russia to replace USD reserves with Bitcoin on: May 13, 2019, 03:57:37 PM
Quote
According to a high-profile Russian economist, this could happen in the coming months.
https://toshitimes.com/russia-plans-to-replace-u-s-dollar-with-bitcoin/

Who?

This article is an example of bad journalism in cryptocurrency's media. This story has no basis, only a rumor, and speculation. If the motivation behind this article is to give positive hype to buy BTC, then it is a success! Smiley Nice!

I believe this is one of the reasons this article is published. Probably paid to increase some inflows to the current market situation. Some kind of a money maker that wants some nice profit out of a very short rally of cryptocurrency prices.
67  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ⚡️⚡️[ANN] ParamountDax ⚡️⚡️ - Profit Sharing Exchange - Pre-Sale Start May 18 on: May 13, 2019, 03:16:00 PM
So what is the idea of you guys making the ICO model rather than employing the IEO model for your new exchange? Its quite amusing few projects are still into the ICO model rather than the new IEO model where people are squirming around projects who launch their projects on big exchanges like Binance.
68  Local / Others (Pilipinas) / Re: Fake bitcointalk forum site. on: May 12, 2019, 10:59:52 PM
Kala ko legit yung bitcointalk.to kasi parehong pareho pag may hinahanap ka din dito e. Yun din yung link nya sa bitcointalk.org e. Phishing pala yon. Buti di ako nakapag login at hanggang basa lang nagawa ko. Ibblock ko na yang mga sites na yan ngayon para iwas hack na rin in the future.
69  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 12, 2019, 10:37:27 PM
we now know that these guys can not be trusted. I have already lost count of how many times they postponed the deadlines. I think this can no longer be tolerated ... We need to take action.

Another lesson learned again. Despite them being able to sell their beloved tokens, they want to pay us in ETH because they don't want their precious tokens to be sold at a high price right now and then be back at the ICO price. These guys are nuts. They promised to pay in their tokens now they wanna change lol after months of bounty ending.
70  Alternate cryptocurrencies / Altcoin Discussion / Re: Anyone who use mobile wallets? on: May 12, 2019, 03:03:53 PM
Anyone who use mobile wallets?
I think it is very dangerous.


Nothing is fool proof. Even Metamask gets hijacked, MyEtherWallet does get copied for information to be phished. Even Binance a known secured cryptocurrency exchange is hacked recently. What makes you think nothing in this industry is dangerous?
71  Economy / Economics / Re: Crypto Scams are a global issue on: May 12, 2019, 01:41:28 PM
Now that crypto is allowing us to transact globally I am questioning if we are going  to start to see more scams happen between countries. Do we need more compliance companies to step in to help major scams and illegal trafficking?

Full report: https://ciphertrace.com/articles/q1-2019-cryptocurrency-anti-money-laundering-report/

Scammers are everywhere here in the virtual world, it can't be help since they have guts to scam people because we all are anonymous in the cryptocurrency world, unless you're going to provide your personal information (which is not recommended). And when you got scammed once, please let it be your lesson, don't let it happen again. Before you make a transaction with someone, make sure he is a legit one, try to have an escrow or ask him a proof of his legitimacy and so on.

The anonymity if being abused and many people have already been scammed not only in the cryptocurrency world. Most of the time the one at fault are those scammers are those who would do anything to get something out of you even fooling someone for love. How do you say someone is legit? Even real people do scams especially the big ones we know about such as pyramid schemes?

72  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ANN: TAPCOIN: Decentralized Advertising Reward Token on: May 10, 2019, 01:15:50 PM
Why is the thread continuously being bumped by newbie accounts? And they are all commenting on how you guys are collaborating with Brave Browser. (BAT) I suggest you guys find a marketing team in here rather than bumping your thread with those accounts. They can get banned you know and its a waste of time. Spend money on advertising if you guys are confident with the project.
73  Bitcoin / Bitcoin Discussion / Re: A Bill to Ban Buying All Cryptocurrencies on: May 10, 2019, 12:53:03 PM

They are scared of crypto taking over traditional currency and tax payment.  Grin They cannot just accept the fact that cryptocurrency had given financial freedom to people, and that the government it self cannot take advantage of it since it is decentralized and not controlled by anyone. Of course, the government is threatened that people will take their power as the government if people will continue to support crypto.

But people have to pay their dues to the government since they are supposed to pay for whatever they were supposed to pay for example an income tax. Income taxes gives a big part of a government's income. But yes, I think banning buying cryptocurrencies is like a hypocritical move. If they do so, they should also ban ForEx and Stocks since many people make big money out of it.
74  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency: Is It Still Alive or Dying? Part 2 on: May 10, 2019, 02:42:52 AM
Honestly, I am not interested in reading such a long wall of text which is why you should have made it shorter and organized it in a better manner. I got the gist of what you are trying to say here and it is quite obvious that crypto is alive and kicking despite the FUD that says otherwise.

Crypto is here to stay no matter what anyone thinks about it.

I have to agree with you. I scroll past his post and directly looked at the replies. Which reminds me of why did this guy posted a part two when u haven't seen part one.
75  Alternate cryptocurrencies / Altcoin Discussion / Re: Income from crypto trading. on: May 08, 2019, 07:44:34 PM
Patience is the best investment that I ever had here in crypto world. You'll gain nothing if you'll quit. The moment I enter crypto trading and investing, I have kept in mind that there's a big risk that I'm taking

The cryptocurrency market is so cruel for both big time and small time traders that it teaches such things to them. That whenever you feel like giving up on your losses, you might as well not. Trading is a battle of patience and knowledge.
76  Alternate cryptocurrencies / Tokens (Altcoins) / Re: ANN [DENT] Dent: Tokenizing and Liberating the World's Mobile Data on: May 08, 2019, 07:41:27 PM
Another 3 billion are just sent to be dumped on binance https://etherscan.io/tx/0x4b2071a0481b0aa0c68d61cde1ef67dd7bffe5c60202a15c17fe441adccce05a

Dent wireless devs show no shame these people are pure criminals, even though they brought the price from 10 cents to 10 satoshi through their pump n dump machinations they still dump, even though they reached their target of 15 million users they still dump, why they need 3 million dollars a week are they building a space center? something tells me they will not stop at 70 billion they will keep on dumping until they dump all their holdings and price reach 1 satoshi. hey they minted them for free even dumping at 1 sat they would still be profitable. damned thieves all of them. guess who's paying for andee's vacation in Korea. and who the hell is minho???  Angry

They sure are filthy doing this business if they are the real developers. Plus, Binance does not tolerate these kind of manipulations since they have built in programs to combat such schemes.
77  Bitcoin / Bitcoin Discussion / Re: What bitcoin ATM brands don't require ID to sell? on: May 08, 2019, 03:52:13 PM
Came across a CoinMe atm today, but it required government issued ID (US), so I decided to pass on it.   Are there brands out there that don't require ID?   (to sell) 
Whichever the brand might be, probably every atm will request for some ID verification when you use it for the very first time. In countries where bitcoin usage is regulated might give anonymous support for withdrawal through ATMs.

They will follow Anti Money Laundering Laws since these ATMs are operating as banks so they should be under it. Don't worry as it is a traditional way. Or better yet buy from exchanges. Its easier.
78  Economy / Economics / Re: become rich by bitcoin. on: May 07, 2019, 05:14:09 PM
It is considered a successful scheme but do you recognize it as good and elicit or legit? If its not, then do define success as it should be something 'neutral' rather than 'chaotic.'
79  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you believe in IEO BITTREX? on: May 06, 2019, 05:34:00 PM
Maybe you were late in the hype of selling it above the price. Or BTCs price could've affected it. Trading coins is still best but you should've put only a little amount to such IEOs since nobody can predict what will happen to the coin's price after that.
80  Economy / Speculation / Re: How far bitcoin will it go this time and why? on: May 05, 2019, 05:30:34 PM
Depending on how soon we get there, the next ATH will be something between $50k and $100k according to these TA's I follow for a long time:

https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/
https://www.tradingview.com/chart/BLX/W5wwj74c-Bitcoin-Long-Term-Trend-Analysis-A-near-term-clue-BLX-Update/

Check the 2nd one especially. Last time when we crossed that purple line, we reached $20k in 7 months. (From May 2017 to Dec 2017)

We are just about to cross that purple line again.

So is it really possible for it to reach that high? If that is so, we should be expecting some big gains for some of the top current altcoins as well.
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 ... 116 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!