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6361  Bitcoin / Bitcoin Discussion / Re: how safe is bitcoin to use with phone on: December 06, 2017, 02:23:27 PM
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Or will the future be having a hosted service where the company has control over your bitcoin
Wallets are not service providers so that they can control over your Bitcoin. Wallets are designed for Bitcoin users to store their Bitcoins.
There are many mobile wallets in the appstore and playstore where you can download the Bitcoin wallets from but be sure that the wallet you download is safe, secure and has the ability to support the future forks of Bitcoin. There are good wallets such as Mycelium and Electrum which have been performing well and supports most of the genuine forks.
6362  Bitcoin / Development & Technical Discussion / Re: Choosing Transactions on: December 06, 2017, 01:43:43 PM
I'm new to blockchain and trying to figure out what determines/controls the transactions that are included in a new block. 

If I understand correctly, miners pull from pending new transactions in the mem pool. But;

1. What determines if they choose 1 or 10 or 50?

2. What determines which transactions are chosen? Most recent? Highest fees?

3. Is there some reason for not choosing as many as possible to get more fees?

4. Is this something you configure according to some criteria in your mining software or some thing determined by your pool?

Thx
There are two types of miners who mine transactions based on their preference. Individual miners and pool miners. Pool miners are those who from a group of miners to build more mining power and mine transactions together.
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What determines if they choose 1 or 10 or 50?
They choose as many transactions as possible because at the end of the day they want to earn more and for that they have to mine more.
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What determines which transactions are chosen? Most recent? Highest fees?
This depends on their preference as some miners prefer transactions with fees while other prefers more number of transactions. Both need the same amount of energy and can be equally profitable.
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Is there some reason for not choosing as many as possible to get more fees?
More number of transactions take more time. Quite logical.
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Is this something you configure according to some criteria in your mining software or some thing determined by your pool?
Yes the miner can configure/choose which transaction he wants to mine and can set the software according to the given criteria. You must be knowledgeable with computers in order to perform these tasks.
6363  Bitcoin / Bitcoin Discussion / Re: By the time you figure out why Bitcoin has risen, it will crash. Here's why on: December 06, 2017, 08:00:17 AM
Mate, I don't think what you are saying is 100% true. There could be some of the factors you stated as true but not all of them.
Chinese did shutdown the exchanges but the people did make use of the money in other places. Apart from that China is not the only country to supply Bitcoin. There are many other countries too. Though China is a huge contributor towards Bitcoin and the shutdown would have caused some spikes in Bitcoin's charts but reopening the exchanges wouldn't make much of a difference. The only thing I see is that the price will rather increase when China reopens Bitcoin exchanges as people would be filling their bags with Bitcoin. The mining part is a different thing now and can cause a minor dump in price.
6364  Economy / Trading Discussion / Re: Bitcoin Price Crossed $11,000: Is it Really a Bubble? on: December 05, 2017, 02:12:07 PM
Bitcoin can be considered as a bubble since it's price has been peaking every month and has grown 11x times in just one year.
This is a very fast movement when compared to the past few years. Such rapid growth convinces any expert trader to believe that Bitcoin's price is a bubble and it will continue to rise until it hits millions. I say millions becuase very few people in the world know about Bitcoin and as more people get to know about it, the more investors will start buying it. Until a point comes when no investor will buy it then BTC will start crashing.
6365  Economy / Economics / Re: DO you think china was right to shut down Bitcoin exchanges and ICO? on: December 05, 2017, 01:59:23 PM
China banned ICOs because many ICOs that emerged in the crypto market started to scam their investors and stole their money from them.
This was the main reason behind all the banning of ICOs in China. They shutdown Bitcoin exchanges because of security reasons as many investors lost their money China didn't wanted others to lose their money and shutdown the exchanges so that people don't buy BTC and encourage investing in ICOs. Apart from that they considered Bitcoin as not safe for payments and transactions and hence shut down the exchanges. They have started regulating them now. Bitcoin will start crashing when no more people buy it. This will take an eternity as there billions of people in the world and very few people know about Bitcoin yet. They will buy it when they know about it. May be people will forget about Bitcoin and know more about it as Satoshis since it will be so costly to afford a Bitcoin.
6366  Economy / Economics / Re: blockchain on: December 05, 2017, 01:50:35 PM
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I'm thinking about investing in blockchain on Stock exchange.
How do you plan on doing so? Is there any asset that signifies the blockchain itself. I think you don't understand what blockchain is.
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Will blockchain stand when cryptocurrency falls?
The blockchain will be there even if every currency falls down because it is a network and not an asset/commodity. Blockchain cannot go down or up but it can only grow. It is a newtork where all the blocks that represents transactions are stored. Find out a good video on youtube that explains about blockchain and crypto currency before putting up any question like this.
6367  Bitcoin / Bitcoin Discussion / Re: Bitcoin price to drop end of December? on: December 05, 2017, 07:28:25 AM
Do you think Bitcoin price will drop end of December? This might be two reasons:

1. The CME futures will start and people would be able to bet against the price of Bitcoin.
2. Bitcoin always goes Bearish end of the year. People take profits.
3. There has been a huge run up in the bitcoin price over the last month and we have not experienced a significant pullback.

what are your thoughts?
The third point you said might not be really true. I do agree with the first two points though. Bitcoin did rapidly increase in the last month hovering from $6000 to a whopping $11500 now which is almost double the amount. You say there was not a significant pullback while you can see that 29th November the price was at the peak of $11250 and suffered from a huge pullback and dropped to $8750 which is a drop of $2500. Does this doesn't sound to you like a pullback. The correction has made Bitcoin much stronger now and Bitcoin has become stable now at $11500. The price might fall a little down but then Bitcoin recovers every time and who knows what 2018 will bring to us. Grin
6368  Bitcoin / Bitcoin Discussion / Re: You want to be a millionaire? if you own 0.01 btc you already are on: December 05, 2017, 07:04:46 AM
Clearly you have just assumed that Bitcoin will reach $100 million. The theory is incomplete since you have not mentioned the time it will take for Bitcoin to reach $100 million. Bitcoin has real potential and I won't deny that but assuming 1 satoshi = $1 is a little to much and won't be certainly possible seeing the current issues like unconfirmed transactions, network overload, high transaction fees etc... These are real problems without any reliable solutions yet. Bitcoin has to solve these problems first in order to reach the $100 million milestone.
6369  Bitcoin / Hardware wallets / Re: Should I get a hardware wallet ? on: December 04, 2017, 04:54:42 PM
Well that depends on the amount you are holding and if you have some extra money to spend. Hardware wallets are great for proper security but it adds cost to purchase it. If the amount you are holding in crypto is large enough that it needs such security then you should definitely buy a hardware wallet and ledger nano and trezor are a good choice for that. If you don't have a large amount of crypto then you should probably try some paper wallet or private wallet that you can download in your smartphone or PC and save the private key in a safe place.
Thanks, What amount of $$ or amount of BTC would you consider buying one necessary ?

Do you use one ?
I would prefer buying it if I have more than 1 BTC. I currently don't have that much and that's why don't have the need to buy one now.
6370  Bitcoin / Bitcoin Technical Support / Re: where do I find my address to be able to receive bitcoins on: December 04, 2017, 04:34:49 PM
You should have mentioned here which type of wallet are you using. Generally any wallet has a receive button and once clicked it shows the BTC address which is also called as deposit address. This address should be copied and pasted in the btc address field where you want to receive the coins. Some wallets also requires to generate an address before receiving the first set of coins. Remember to create a backup of the wallet you are storing your Bitcoins in as it would be necessary to access your wallet in case any bad situation arrives.
6371  Alternate cryptocurrencies / Altcoin Discussion / Re: Invest in Ripple of Eth? on: December 04, 2017, 09:46:39 AM
XRP and ETH both are pretty amazing coins but if you are a beginner in crypto trading then XRP  is the coin for you. Ethereum is not bad either but it has already raised to $450 and it will be difficult for ETH to give as much returns as XRP. XRP is still at $0.25 and if raises to $1 then that will be a direct profit of 4x times. XRP also has a good technology and a wide platform and many industries are partnering and investing on XRP. So there are  pretty good chances that XRP will boom in the near future.
6372  Alternate cryptocurrencies / Speculation (Altcoins) / Re: IOTA to be listed on Bittrex soon, time to buy on: December 04, 2017, 09:41:59 AM
IOTA has been sitting idle in the market for quite a long time. We don't really know whether this is a rumor or not but this may be the reason for a spike in IOTA's price. The technology is really good in the IOTA platform but the coin is not making such a wonderful thing as a currency.
IOTA still has pretty good chances to rise up in the future as many investors are holding IOTA as a long term investment. The price might not skyrocket but might give a good return on investment in a few years.
6373  Economy / Trading Discussion / Re: Transfer My Entire Savings to Cryptocurrencies? on: December 04, 2017, 09:29:50 AM
Bitcoin has attracted many eyes towards itself and has shown it's potential by increasing to 11x times this year. Many big investors have invested in Bitcoin in the past few months which has become the reason for this massive growth in BTC. You can invest your money into crypto currencies but you should know that not every crypto currency is Bitcoin. There are good coins like ETH, LTC, XRP etc... and you could invest in them to get a good profit in the future but there are many other shitcoins out there which will eat up all your money if you don't plan out your strategy well. Don't invest all your money in a single coin, diversify yout investment and I would recommend you to keep more than 50% in Bitcoin as it is growing tremendously these days. Be careful as keeping money on exchanges is not at all safe and consider using a wallet to store your coins.
6374  Bitcoin / Bitcoin Discussion / Re: BITCOIN: Threat to our Current Currency on: December 03, 2017, 06:10:13 AM
Bitcoin can never be a threat to fiat currency as physical money and digital money are two completely different things and has it's own importance in the ecosystem. Neither physical money can replace digital money or vice versa. Bitcoin is a good technology which is flourishing these days but it can't be used presently as a mode of payment in everyday life. There are issues such as instant confirmations and high transaction fees which needs to be solved before it can be used as a mode of payment in every shop. That's why Bitcoin is not a threat to any currency.
6375  Bitcoin / Bitcoin Discussion / Re: How can the blockchain keep up with the growing number of bitcoin users? on: December 03, 2017, 06:04:48 AM
The problem is not instantaneous transactions but the transaction fee. Just imagine you are buying a ticket for a movie and the ticket costs $5 . Would you like to spend $1.5 extra just to make the transaction ? The transaction fee for smaller transactions seems huge and hence it will be an issue for making small payments. The confirmation is another problem but that too can be solved with the help of lightning network and instant confirmations.
Using Bitcoin as a payment will surely create too many problems for regular users and time will tell us whether it is feasible or not.
6376  Economy / Service Discussion / Re: How to be a bitcointalk campaign manager? on: December 02, 2017, 04:38:08 PM
One can't simply be a campaign manager as it takes a lot of efforts to maintain the reputation of a campaign manager. We have to build our reputation here on the Bitcointalk forum by contributing towards the forum by making good quality posts and helping other members of the forum.
You have to show your skills of managing a situation very well. You must have good vocabulary and communication skills have must develop good faith from the members of the forum. If after all these you have the skills of managing a campaign you will be able to be a successful campaign manager.
6377  Bitcoin / Bitcoin Discussion / Re: Telegram users beware! on: December 02, 2017, 04:33:32 PM
Almost any person with a good basic knowledge in crypto can open up a telegram group and make tons of members join it from the social media.
Yes it is absolutely wrong to use social media for such bad things as spreading wrong information but the world id full of scammers and it depends on us whether to believe them or not. Bitcoin price can easily be seen on the internet and one doesn't have to believe on others as crypto is volatile and any predictions made on the speculation of coins is purely an assumption.
6378  Bitcoin / Bitcoin Discussion / Re: Tesla Owner mining Bitcoin for free! on: December 02, 2017, 06:01:08 AM
I do find the solution quite praise worthy but as said by Daniel Oberhaus there are certain problems in this new idea. The fact that Bitcoin mining has become more difficult as it has mined most of the coins, it needs more efficient chips now to mine Bitcoins at a faster rate. Also, the heat generated from the new model might be unstable and unmanageable if not dealt right and might cause problems to model itself. This might add cost to solve the problem. If Tesla finds out a good feasible solution to these problems then the idea of mining BTC free of charge might attract new miners to the community and solve many problems in the future.
6379  Bitcoin / Bitcoin Discussion / Re: Simple Question for bitcoin traders on: December 02, 2017, 05:46:01 AM
You can trade BTC for USDT. USDT is nothing but USD itself in digital currency. It is referred to as tether and has the same value as USD.
You can withdraw the USDT to your tether wallet and from there you can transfer the USD to your bank account. Bittrex has the option to trade BTC for USDT. Polo has been having issues lately and that's why many people have moved their coins from polo. Bittrex has been applying more rules to their exchange which has become a reason for many traders to move their coins out from the exchange. Try to find a good exchange with fiat exchange.
6380  Bitcoin / Bitcoin Discussion / Re: Bitcoin and "Ballon Effect" on: November 30, 2017, 07:46:52 AM
From my point of view crypto is becoming stable and Im sure that all counties will accept this kind of currency as its more appropriate for developted human.
For example, Y it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency.
I don't really think cryptocurrencies are much stable these days as the volatility is way too much these days. The increase in price of Bitcoin and decrease in the price of altcoins have gone way more rapidly than it should. For the things we know I must say that a sharp decline in BTC is incoming and it will hit BTC so hard that many panic sellers will sell their BTC much cheaper than they should. A FUD will be created in the market and BTC price could crash down heavily. Anything that goes up at such speed falls down faster and that is what going to happen with BTC. It would be best to cash out little by little as the price increases and buy in at every dip.
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