You ll find it easier to sell using localbitcoin
selling via localbitcoin could be problematic. One needs to be very careful when selling bitcoin via localbitcoin. There were many instance on localbitcoin ceased coins of seller just because buyer showed in interest in the beginning and backed out at last minute. There are many whatsapps groups as well or telegram groups are there. you could sell coins on other crypto exchanges link coinsecure. Anyway it is better to purchase coins from the secure and verified entity than unknown entity. It could be a trap. |
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What is quality post ? Many Newbies and Jr. members are struggling to get merit. Its always the same story that the posts is not constructive or the quality is not good. How does a person decide which post is quality and deserved merit ?
A quality post is a post which adds a value to the topic being discussed in a particular thread. A post which shed a light on unexplored options of topic are good quality posts. Many posts which you could see have one word or oneliner responses or for that matter many member posting redundant reply are somewhat poor quality posts(AKA spam/garbage-post). Thus look at some good posts which received merits from other. When you get merit from other try to appreciate the gesture by giving merit to other good poster. At the same time avoid being reciprocal that if someone send you merit for a good post then you are not obliged to give back a merit to sender. However you find the sender has some good post which should get merit then send some of your merit. After all merit is for sharing. |
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Check the following thread which explains about the merit and smerit. https://bitcointalk.org/index.php?topic=2818350.0;topicseenYou get merit points when someone sends you some for one of your posts. Additionally, when someone sends you merit points, half of those points can be sent by you to other people. |
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There is a definitive data about the bharadwaj and his minions are very much active. It just that they have now changed their tunes to the wait and things will get better. Earlier facebook groups and whatsapp groups which were operated for gainbitcoin have become dormant. Instead there are new groups formed for "gb21". These groups have been known only for those who were stuck with gainbitcoin and were forced to join the gb21.
Honestly I dont have any sympathy for the people who are still investing in it. Or for that matter anyone who got cheated by bharadwaj and company. People fell prey to the surreal return on interest. Nobody did any background check nor verified calculations behind mining. Only calculation people did was how much they will get after 18 month and will keep on getting after recurring investments.
If Anyone comes across someone who is still having faith and promoting bharadwaj-led adventures, mark that person carefully. Say the last good buy and Never ever meet that person again ( cut off all the ties).
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I've no access to the first post. Remaining two posts are not quality posts yet. |
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Isnt it really ironical that the OP who looks out to merit quality posts (by his own perceived standard) hasn't got a single of his posts merited? He is still stuck at default merit.
What a satire!
Could it be a case of the sick trying to heal the sick or that the OP's numerous posts are not attention deserving to get merits? I think some are merit worthy but I leave the forum to that decision. However, honestly, I am sick and tired of these numerous and needless threads on Merit.
Everyone is entitled to have opinion and I respect that. Mind that I'm not clearing position here. People seeking merit are mainly focusing on bounty or signature threads. We need to understand why are people finding merit system difficult to have handle on it? Because majority of the users are not accustomed to appreciate efforts of other. One may see users being hyper-polite while posting on bounty or signature campaigns. User will appreciate moderator of thread with 'thanks, thank you sir,madam, etc etc.' However same user are less attentive towards what other person has posted. This directly affects very purpose of the starting a thread discussing particular subject. Lets say if I start a topic about bitcoin and its effect on economics, then it is understandable to have response to the OP comment. However once at least 10 or 20 comments passed it is desired to have conversation or reply on inputs shared by other users. In reality, majority of users will respond to the OP comment even though that thread has crossed over 100 comments. Very few people go through what others have said about the topic. This behavior itself is sophisticated form of spamming. This in result makes thread more and more redundant. Many similar thread like 'gold vs bitcoin' keep on resurrecting every one in while. Many start the thread of topic which will have easy to comment subject. From the perspective of new users or users with lower than member ranking find it difficult to get motivation to write quality posts. In process of increasing the post count shitty threads are created and more shitty responses, one word responses, one liner responses are posted. Those who learn the craft of composing meaningful posts are now finding it difficult to get merit. This is because inherent nature of forum(almost all forums and not just this forum) so far did not have a culture where user appreciate other users effort in writing meaningful post. Thus for them getting denied of merit even after composing really good post is frustrating. As seasoned user we must encourage those who are doing excellent job. Once all users on forum are accustomed to the philosophy of merit-sharing, we wont need this kind of thread anymore. |
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Dear, above is not a quality post. While other is good, still need more fineness. I hope you will get hang of it. Best of luck. |
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Done! Good quality posts on gambling tips and expose of scammer |
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I'll review the posts as requested by users and give merit to the posts if qualified. I'm doing this in spare time and for limited duration. So if you have some really good posts that you think deserve merit but remain unmerited then let me know.
Reason behind this drive is to raise an awareness about merit system introduced in forum in the correct way. We should appreciate each others good work(strictly good work). So lets start the drive.
PS: I wont mind if you give merit to me for my good posts.
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Though there is already a thread exposing the gainbitcoin is plain simple fraud, conman from the gainbitcoin have launched new site called gb21. They now have spread their operations in many east asian countries. These countries are the one
This fictional person/entity Matt Ciullo looks like pseudonym from Mr. Amit for himself. It is not difficult to link all the cues and deduce that matt ciullo is fictitious identity created by Mr. AB.
Beware of this scam as this scam is far from over. Those f#kers are still active and still trying to convince new recruits. So if you came across crypto currency "investment scheme' like gb21 remember that it is scam.
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This is thread should moved to the political subset of the forum. The kind of discussion happening or expected in this thread of more on political term than related to the economics of bitcoin. It would have suit better if the thread had focused on the effect of China leadership changes on bitcoin or crypto.
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Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered
...
From this decline there has to be added value for new investors and old investors who are already willing to hold their coins up to now, where this opportunity for new investors to buy as much coins as possible, for me no one harmed for the old investor no longer need to buy coins when they have a lot of coins they buy, it's okay for current price reductions this is not a problem because you can buy more coins, and a great chance will come that the number of new investors who can raise the price back as before may be greater, I can benefit all users. Well it can also be considered as a lesson for would be investors to avoid getting into something because of hype. You have to be prepared with both knowledge and emotional toughness. Crypto's fluctuations aren't for the weak of heart and sadly, many people learned this the hard way What you said is very true. And it applies not only to the crypto but in general to every investment. That is investment in the real estate, stock market, commodity, new and upcoming projects. Also it applies to the start ups. People who finding crypto as investment only and not as currency will get hurt if they think bitcoin is a magic bean which will keep on growing in value indefinitely. We need to be realistic and accept that bitcoin or any other crypto have there own rightful value and wont keep on growing in positive note. Expect the fall after rise and also rise after fall. |
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I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
Fear not about the price dropping by 50%. Somewhat similar thing happened in past (2009) as well (known as mt.gox incident). The prices were surged to the 1000 or 1200$ and after the burst price plummeted to the ~$250 range. It took almost five to six years for bitcoin to recover. Nonetheless price of bitcoin will recover in future provided that one needs to wait till that time comes. |
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I don't think it is good really , a lot of people lose trust and interest in times like this.
It was what could've been expected, since the market won't be going up in a straight line.
At least the developers are still working and i am still really excited for the future.
Fundamental of any market (and for that matter it is of life as well): short term rise followed by fall as well as fall followed by the rise are the indicators of healthy market. People losing interest in a stock or crypto just because there is a correction ( which was long due) are not meant for the crypto. These kind of people are irrelevant for the market growth. You will find this behavior in any stock or commodity market where someone just enters in because there is a bullrun going on. Let's be honest, huge price swings are part and parcel of crypto world. |
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A fall in BTC's price is never good. It can be acceptable, but it's not positive. It gives reasons to media and governments badmouth Bitcoin, saying it's very dangerous and must be regulated/banned, investors become afraid about volatility and start panic selling, also, sharing their negative experience with others, who will also become afraid of investing in BTCs. A climate of uncertain and fear take control of the market.
Anyway, it's acceptable, because we know the nature of this market. At same time this volatile nature is what gives us hope that the market will recover on long term and show good results.
* Correction-Fall in BTC price is indeed positive phenomenon. Look at any market you will see that there are ups and downs. As long as fall in price is because of correction it is a sign of good market, a healthy market. Otherwise if a market shows only upward trend then be sure to see that market crash and burn soon. What is more important is upward movement in the long term. Markets like stock, bond, debentures, equity, mutual funds see price ups and down. Even the real estate observe this phenomenon on regular basis. * There is hardly any govt or media house ( by media I mean privately owned entertainment-news media houses. These news media houses are there for pushing their owners propaganda) which talks positive about the bitcoin or for that matter cryptocurrency in general. Thus do not pay attention to them. Keep calm and work on crypto/bitcoin. Volatile nature of bitcoin and crypto is its attribute and has very less to do with long term positive movement. Its the public adoption which pushes market in upward direction. |
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They've already banned all crypto exchanges in country,now they are working on the methods how to prevent Chinese citizens to use international exchanges.Only thing working in China regarding cryptocurrency is mining,they allow that just because it make huge profit for them.Money that comes to country is not a problem, but uncontrollable cash outflow through cryptocurrency is unacceptable.
Well, I have to confess I never understood that thing. Could anyone please explain to me in layman terms what this "uncontrollable cash outflow" means in practice? I understand when people buy gold and try to move it across the border because it physically leaves the country. But bitcoin is sort of transcendental in the sense it doesn't recognize borders anyway. So it kinda doesn't need to be moved anywhere since it's already everywhere, Jinping or no Jinping. Where's the catch here? There are the limits on the currency which can be moved to the foreign country-currency. For example, a company or person could take out 5000 USD worth chinese currency per year. However with cryptocurrency you could bypass this condition/law and move any amount of money to other country. That is buy crypto-currency of desired value, lets say 20000 USD worth bitcoin or alt-crypto is purchased from chinese exchange and transfer that crypto to other person or receiver (receiver could be in any country). There is no control over transfer of crypto. So the term uncontrollable cash outflow. |
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Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered considerably. Today the value stands somewhere around 8500 USD to the 9000 USD range. Many new-investors from many countries have almost lost their investment after this.
I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as soon as party is over.
* People understood the value of crypto more seriously.
Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.
What do you think whether this fall in value of bitcoin is good for it or not?
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Investment in blockchain oriented solution has huge potential market. It has next to nothing effect on the bitcoin though.
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