Is it worth spending time to collect Bitcoin rather than having a daily job? What I mean is that can bitcoin be more economical? Has it ever happened that people lose their investment value rather than benefit from spending it on bitcoin?
if it should choose bitcoin or daily job I prefer to daily job than bitcoin because I earned a fixed salary in daily job my life needs to use money from the daily job is not bitcoin. all investments can also experience loss not all benefit Yeah I agree. But since investing on bitcoin is another way to make profit I would go for it. But I will only if I get to a certain point that it is worth spending my payroll on and I would thank you for your response. This is a digital investment so yes I would definitely take risks into account. Reading the thread the way I see it you have the following options: Keep your daily job and exchange some fiat to btc on weekly/monthly basis according your every day life needs. Look if there is someone pays for your job or any extra skill you have with coins Trading as main job is only for few very skillful and talented people. Learn to trade with small amounts of your funds and never keep all the eggs in the same basket |
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Cryptocurrencies are the wild west of the modern economy, there are no regulators and no police.  Exchanges profit by being the middleman for money moving into and out of the network. If the cash flows dry up the exchanges may close their doors, refusing to echange real money for "cryptocoins" (if they did it all at the same time that would be quite a spectacle) I suppose you are right. As the motto of a popular web wallet says "be your own bank". So, has anyone think what would happen if tomorrow there were no banks, and people were responsible to be customer and bank at the same time? If we really want to be free without someone control our money we must educate ourselves. There is no reason to trade with btc. We can use it according the vision of his creator; that is as a payment system to buy/sell goods and services. |
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I know this is a minority view, but nothing changed in bitcoin world last 48 hours. There was neither a fork in bitcoin nor a hack of big exchange. Miners were working like any other day, bitcoin nodes were validating and relaying blocks and so on. That is, there was not any shocking event in bitcoin world. What happened last day I don't name it as panic selling. I see it as "Black Friday day" or like another member told a discount day. Folks it's a global free market; so if you can afford some fiat money seize the opportunity to buy more coins.
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The last 3 years, after the bitcoin ATH, mass media have dealt some times with this issue and there is a big debate about it. Gold is a rare precious metal and the bitcoin is also digital rare currency since it does not suffer from inflation like as fiat money. Moreover each of them has pros and cons. For this reason the choice between them depends on the type of investor. A middle-aged years old investor who does not like some risk, is not familiar with technological innovations and has faith only to financial institutions will choose gold. On the other side young investor less than 40 years old with passion for technology and vision to live in a world without banks will choose the bitcoin. To summarize, in the future only the precious metals and crypto currencies will circulate in exchange markets.
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If people insist to use bitcoin only as commodity that is the gold standard 2.0 because of its digital scarcity correct me if I am wrong but I believe the network performance will not be a very important matter because the transactions would not be particularly high so will not have an overload network traffic. On the other hand the vision of Nakamoto about a peer to peer payment system using the internet without the need of any third trust entity disappears. This means that banks will endure their dominance due to free knowledge of blockchain technology which will allow them to create their own digital currencies. Therefore all scenarios about a dream world without banks will collapse in the very near future. To summarize first we must consider the utility and after the value of bitcoin
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I feel kinda sorry for the first-time buyer who may have made their first BTC purchase when BTC was $1,000-$1,140 after New Year and they thought it would just keep going up and up. I hope many of those who purchased at that price don't panic-sell as the price continues to drop. Alas, that has probably contributed to the steady continued price decline. I don't purchase coins anymore. I just mine. So it's not like I'm going to pick up any cheap coins.  The newbies are the one who gets affected with this kind of news. They scare easily and panic sell. Seasoned bitcoiners know that this dip happens (kind of normal with bitcoin) and they take this as an opportunity to buy more. I partially agree that only newbies affected with these news and under pressure started to sell their coins. Of course, if they had buy high I mean around $1000 and all time people around them spread rumors about "sky rocket" to "the moon" was very difficult to realize that in trading there are up and downs. Beyond this, other users nor early adopters neither newbies had bought about last year followed them under panic climate. Recently I read that Chinese and Indians after the buy of bitcoins send their funds out of their borders and then their relatives withdrew abroad in order to invest somewhere else. A very interesting view of a guy had commented OPs article is these movements from Chinese government is part of a plan to legitimize and stabilize bitcoin so as in the future use it to avoid US banks tax and have cheaper international transactions http://my-dog-jetta.blogspot.gr/2016/12/world-currency-coup.html |
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You don’t really think that, do you? Let compare other popular worlwide services like as Moneygram and will see for $10 from Europe to USA the estimated fees with bank account or credit/debit card are $5.99. The same even though much more cheaper with western union where the fees are $0.99 and payment day varies from 2-6 business days. Of course I don't advocate that I feel happy with these transactions fees but I am confident in the future after segwit activation and LN networks for micro-payments we will have better fees and confirmation times.
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Dear BlackMambaPH,
Thank you for acceptance. I have already worn the signature code of my rank.
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Dear Avirunes,
I'm leaving the campaign. It was nice to work with you
Thank you
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I really think that is a very good combined effort and should be a good example for bitcoin enthusiasts in other countries. In my country last year there is a small but very active group who organizes meetups every 3-4 months. At first, tries to inform people from universities so as they can to inform and educate other social groups.
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To my point of view is reasonable to say the best strategy is wait and see. The worst case scenario are movements under pressure in panic climate. As you can see the dump lasted only some hours and now starts to recover again. I had post two hours ago that was a chance for people bought two weeks ago $900, $1000 or higher if they had fiat to afford to buy more and hold it. In summary I would keep and I won't sell now. Nobody here can make predictions after next 2-3 weeks even he is a big player.
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In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
Yes, Just only 9 days , Bitcoin has decrease nearly 400$. It's really not normal. we only know that China will give out some rules to control bitcoin and They don't want foreign currency to go out of china. That's it. There are bad and good days in exchanges trading. Bitcoin is a currency and not only an asset as many people see it. Now many people are in panic and cry that is a crash and are the same people few days ago screaming "sky rocket", "to the moon" "$2000 in the end of the month" and so on. I strongly believe that even now bitcoin is a safe haven. Markets were expecting a major correction. The way I see it, if anyone has fiat money to afford and bought at $900, $1000 or higher this is a chance to buy more bitcoins in order to trade off with the loss. |
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--snip--
Don't you think it spreads negativity of bitcoin?What can be done to overcome this? I don't hate volatility until it's healthy and not manipulated but this trend i hate.
Not everyone will agree with me, but I would say it was something all of us expected it even though our dreams are only bitcoin's price goes up. Last days before the end of 2016 we observed bitcoin to win about 25% of its annual growth due to the devaluation of the Chinese yuan and the imposed capitals control. After a few days price stabilized at about 880-920 USD till today we see a sharp decline particularly in chinese market. If there is not a major intervention from Chinese government the big players sell to buy after that as much low as possible. Imo it is a chance someone has money and bought high $900-$1000 or even higher that now might be best time to buy so as to reduce the loss. |
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I could be wrong, but bitcoin will always be the first in preferences of people worldwide. It is the leader and has gain a vast user base compared to alt coins. Even the name "alt" means something alternative to bitcoin. Furthermore has the longest history and has prove its potential all of these 8 years after genesis block. Bitcoin has died 119 times till now https://99bitcoins.com/obituary-stats last one was 3/2017 from Financial Times https://www.ft.com/content/b5d66ed8-d1b3-11e6-b06b-680c49b4b4c0 but is still alive. Last but not least according the Winklevoss twins bitcoin is better than gold and has characterized as gold 2.0 |
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Hi, I would like to join this campaign and reserve a spot for Member rank. I will change the signature and follow all campaign rules immediately after you accept me in this campaign. Thanks! Bitcointalk Name : sportis Rank: Member Profile link : https://bitcointalk.org/index.php?action=profile;u=915732Starting post : 464 (including this one) Bitcoin Address:1EYi1t7MKPxYKEJJVP76a7vFg2cVrSqASp |
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Most of your bitcoins keep it as comodity just for hoarding but keep in mind that savings will not bring any substantial profit. Rest of them use it in trading with alt coins. Not all of altcoins are bad. There are some of them very promising. Monero and dash some of my preferred choices.
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There is still quite a bit of discussion on segwit and block size increase hard forks. None of it is being instantly deleted. Those threads have just not been posted as much because there are already threads discussing segwit and other proposals. All of the arguments for and against all of the proposals have basically been discussed to death already. Any thread on this.. or is still an instant delete subject... I use to be very anti big block but after buying a 4tb harddrive for $120... I am changing my tune.. I can't see how the blocksize scaling at half of moores law causes any issues..
There's more to it than just disk space. You also have to consider network bandwidth usage and processing power for processing blocks. Also, segwit is a block size increase as the data per block being sent over the wire will be larger than now. I strongly agree with achow101's view. Hard disks are pretty cheap today but we can't tell the same about network bandwidth and especially upload speed. Of course this is not a problem for educational institutes to run their full node but for enthusiasts home users is a big hassle in every day operation. I would like try to run a full node at least for a month but I don't know the consequences in other network operations. So I don't know what is more preferable for network load. Segwit or the alternative of bigger block sizes. Somewhere I had read that last year the number of full nodes has considerably reduced and now is no more than 5500 nodes globally. At last I have read some things about the two different views but in none of them Ι was able to distinguish what is preferable when we see only the computing and network load. |
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just addition. I think we need some semInars because in a seminar, people can ask more and listen the explanation of bitcoin because I think not every people like to read. and sometimes a few people will throw pamphlets. I sometimes see that. so it will be effective to tell them eather than ask them to read.
yep meetups, start as a gathering of a dozen seminars are for groups of dozen-100 conferences are for 100-more this is the way to get the word out locally. by discussing it in your area and learning and starting projects locally. these things dont need large funds upfront. they can be self funded. EG price of a coffee, then as things get professional, price of a entry fee to cover the location hire for the day/weekend. where the ticket sale or coffee sale covers the costs. it also does more than just a pamphlet. it inspires idea's gets people forming projects, businesses, plans. start small and free. as a meetup, once a week/month what ever you choose, advertise it for free meetup.com and local sections of forums you think are best suited. use a free location like a cafe/bar for a small group.. then as things expand then self fund via the group you have I strongly agree with franky1's opinion. In my country there is a very active team of people working in this direction. Every 3-4 months they organize meetup to educate and inform people about bitcoin. Furthermore, every month small teams of bitcoiners regardless of their age meet each other in order to exchange views about bitcoin. On the other side is very difficult funding events and donations are not always sufficient. |
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I don't have any issues with them , I actually stopped using them since they upgraded to HD and they removed the legacy login with it. If we take in consideration that there are a lot of web wallets and this section became full lately with issues from blockchain.info only , my warning should definitely be taken seriously , It's your choice though.
I don't understand actually that why you are suggestions everyone to use wallet other than blockchain.info . Since I know that blockchain in official but I myself using myscellium because I don't like views of blockchain . In my opinion blockchain is a bad option for those who are bitcointalk forum signature campaign advertisers . Because if we are in any campaign we need a particular fixed wallet but the legacy backup of blockchain forced us to use another wallet like myscellium that have non-variable address , according to our need . I’ve never heard such a thing. Who asked something like that from people partake in signature campaign? On the other side can you explain what kind of wallet is "fixed wallet" and where did you read that? Moreover where you read that campaign advertisers believe blockchain.info wallet is bad? |
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Hi,
I am new to bitcointalk. I have seen many people with signatures under their name.
Can someone please explain how to make signatures for the profile.
At first, OP asked if someone can explain to him how to make signatures in his profile. Some post the restrictions of his profile but I will add that there is a thread in the forum if everyone wants to learn how to make his own BBcode https://bitcointalk.org/index.php?topic=1727100.0. Secondly, because someone wrote about signatures campaigns he asked if he could partake in any of them. Correct me if I mistaken but all members above me answered that there is none for newbies. There is one this I wear in my signature. I do not know if campaign manager will accept him but he can post his application after reading the rules of the campaign. https://bitcointalk.org/index.php?topic=1560376.0 |
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