the reason why its dropping because big whales cashing all their money on their wallet . but if they will invest more money again in their wallet bitcoin price will pump again. thats the reason why its dropping and increasing. so big whales was the one who can control the price of bitcoin.
I think the big whale no more can affect the price of bitcoin. In fact that bitcoin users are now increasing from time to time and it becoming difficult for a specific group of people to manipulate the price of bitcoin, which was very much possible in past, even a single person was able to affect the price of bitcoin. Pretty sure whales got a lot to do with this month's dump, and since the amount of daily transactions and market cap of bitcoin hasn't changed that much in a month I can tell whales still got the power to manipulate the price, as long as bitcoin grows their power will decrease of course. That is a old thread. But it is more relevant now. The price is close to $900 due to the recent crisis. Yes,Bitcoin will once again detroy all the evil plots made against it and surely we the bitcoin lovers will surely fly up the sky with bitcoins and showing bye to altcoin holders down in the earth. |
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks,
BR Oinas
You can invest in Genesis cloud mining.I heard it as legit.Or else,you can hold your bitcoins in a long term basis.It would yield you good returns. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
You can get lots of returns by investing in bitcoins and nothing with fiat.You could transfer huge amount of money via BTC without depending on the banking system.In some countries,their currency value suffers a lot due to inflation and people of such countries have started adopting bitcoin. |
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Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc. I'm looking for real responses and ideas. Please keep the trolling to a minimum  I will store 20 BTC each in 5 different wallets.It would be convenient for me.Hope i too would become that much rich in future to follow such precautious methods. |
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I am not fan of bitcoin, but my friend is. He need to move his BTCs to some secure services from coinbase due to bitcoin hard fork in which he can control his private key. Also need to be user friendly. Please recommend me. All answers really appreciate.
You could suggest him to use Electrum wallet.Im using it for the past two years.I had no issues with it.It generates a seed during registration which you can use to recover your account in case of your laptop failure or if you forget your pasword. |
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Be the change.
Open a shop at a market, or OpenBazaar, or both, to serve the people who used Bitcoin at CEX.
Well said man, we can all be the change in our respective jurisdictions so that together we can contribute to the development of Bitcoin in the inner cities and places where it's usage has been stopped. Yes,we should start the change from us.We should promote companies to accept bitcoins.Just like which happened in Deloitte.Its staff had requested to accept bitcoin as payment and so the company installed a bitcoin ATM in one of its restaurants which is exclusively for its staff and have started accepting bitcoin as payment from this week. |
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Its all occuring due to panic selling.Immateur bitcoin holders are responsible for this.They see some altcoins pumping and just turn their investments to altcoins.Great day for altcoin owners filling up their pockets.Its very sad that i dont have enough much money now,otherwise i would have grabbed lots of low priced BTCs by this time
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i had about $200 worth of bitcoin.
How can i earn more with that amount?
should I trading? or make an investment?
and please give me some trusted site to investing my wealth.
**i dont want to give a loan, or else.**
if you had some advice, feel free to tell me.
really apreciate it.
thank you.
Trading is better than investment.But trading is very risky.You should know the basics of trading before investing.Better invest a small amount first which you can afford to lose.Investing in bitcoins and holding it is good now since its price is steadily rising. |
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With the price of Bitcoin being so volatile should we ever consider buying or even holding if we have bitcoins? What are your thoughts??? What should we do?? As it stands today at this moment, the Bitcoin volatility index reads: 4.57% the latest 30-day volatility estimate 3.54% the latest 60-day volatility estimate The bitcoin volatility index for present day can be seen at: https://btcvol.info/My opinion of bitcoin longterm can be investigated here in this post titled "Hacks & puppets & forks - how to destroy bitcoin": https://bitcointalk.org/index.php?topic=1834310.0Bitcoin is already famous for its volatility.But not that much like altcoins.Just hold your bitcoins.Very soon,you will reap benefits.Holding bitcoin in long term would be beneficial than short term. |
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So Satoshi Bitcoin will split to Chinese Bitcoin and Donald Trump Bitcoin.
If only core developers were capable/motivated/competent to find a solution to increase block size so that people can continue using bitcoin without paying ridiculous fees and insane confirmation time.
Anyways, if there is a split then BTC will not survive as BU needs 70% miner support and if there is 70% support, even less than 50% of those miners can do a 51% attack on BTC, so BTC will need to change their POW as they are planning now, at that point BTC will no longer be BTC but just another altcoin, and a technically inferior coin to many other altcoins.
So why wait for everything to fall apart when the only option is to choose an altcoin and start using it.
Seems you are a crazy supporter of altcoins.For your kind information,Bitcoin will remain alive and BU will disappear in the mean coarse of time.RIP Altcoins. |
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Would it be realistic for every person in the whole world to fit in the New York Stock Exchange trading floor so people can submit their trades manually themselves? Of course not, that is why you have 3rd parties to manage the so-called "dust transactions".
Say 1 BTC is $20,000 and 0.001 is $20. Sending $5 or even $100 may not be practical, but a low fee 3rd-party wallet for day-to-day spending is just fine. The real value will be in your "savings" aka your cold storage.
If you modify BTC into an alt-coin it will be susceptible to more bugs, more issues, more security risks, etc...
Bitcoin will gain MORE value over time if people leave it as-is, because the antique-ness of it will be sought-after.
Owning the First Crypto will bring nostalgia, where-as anytime you change an original it loses value.
Yes,bitcoin is unique and it should not be modified to lose its reality.If we allow to modify this time,in future,whenever other issues arise,it will be asked to modify and at last with lots of modifications,Bitcoin will be no more. |
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Seems like (Chinese) miners getting very worried about 6.25 BTC reward in 3 years, then 3.125 BTC looming in 7 years, they probably can't see viable financial future unless blocks get much bigger (more transactions, more fees) so are entertaining other ideas from all comers, sane or insane. Miner centralization can apparently lead to the tail wagging the dog, for awhile anyway.
Yes,they are very much worried about their mining rewards in future.Only for that reason, they need block size to be increased so that they can get more fees.BU supporters are just taking advantage of this situation. |
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OP, ask yourself: if you invented competition to the traditional banking and monetary system, would you like your identity to be known? the entity using the satoshi pseudonym is one person. that is established.
Any conclusive investigations regarding if he was indeed a single entity or not? Yes,satoshi would have thought that he would face serious threat from banking sectors since his creation is to be the worst nightmare for bankers.He is a single person.He just wanted to free people from depending on the banking sector. |
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Zcash will replace bitcoin.
That would be the greatest joke of this year.No altcoin which exist today can replace bitcoin.If any of them had such potential,they would have come to first place by this time.Most of them are just pump and dumps. |
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 This is a war. XT, Classic, BU, you name it. They all want the power. It's about giving the miners and a few people close to them the power to dictate the rules of consensus. Right now they're using the block size issue to seize power. And believe me, this entire mess is just a dry run for: -banning various network participants and blacklisting addresses (Mike Hearn) -lifting the 21M coin cap (Peter Rizun) -destroying competing chains via hostile mining (Gavin Andresen) The main pushers of BU aren't very concerned about high fees and slow confirmation times, otherwise they wouldn't mine empty blocks. It's just a wedge they're using to split the community and garner power. The real goal is "emergent consensus", which is just a fancy term for letting whoever owns the most hashpower unilaterally implement whatever change they want. No intelligent person in their right mind would support BU at this point. Yes,nothing is happening today for the progress of bitcoin.They are not really worried about transaction fees and more time for transactions.They are just mentioning this issue to grab the power.Whatever happens is not good for the progress of bitcoin.But we as bitcoin investors cant do anything now and we are just audience to watch this drama. |
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Bitcoin has already faced tough ages like this earlier and has sucessfully survived.Bitcoin will succeed this time also,but what we need is a little bit of patience and the present situations are deliberately created by BU supporters to fill up their pockets.Its temporarily a good time for the shit altcoins which used to bleed during the bitcoin rally.
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If they do actually attack the chain then it's very likely the hashing algorithm will get changed to sha-3. The Chinese miners have said they will attempt to sue the devs if that happens (lulz).
Here's how I see it play out:
Chain splits
Miners learn that BTU is worth less than BTC because it has a much smaller economy, and they are earning less money by mining it
They switch back to the original chain
Or:
They try to attack the original chain to force the users to switch to BU and bring up the price
The hashing algorithm gets changed
Miners are fucked and all their ASIC's are worthless bricks
It would be so awesome if the hashing algorithm was changed to Cuckoo or something like that that was GPU/ASIC resistant, so that we could bring Bitcoin back to it's roots and people could mine on their own computers and end mining centralization. I don't think that will happen though as it's been discussed for years and we can't decide on a new algorithm. SHA-3 is mostly agreed upon in case of attack only. Besides Cuckoo is very new and untested.
Yes,either the miners would leave BU due to low profitability or they would try to attack original chain to make them switch to BU.I hope probably the second condition would occur and if it happens,it would be the time to change the hashing algorithms and it would be interesting to see the selfish miners suffer. |
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No, they are being spammed by miners in the antpool who support Bitcoin Unlimited and they are being paid by Roger Ver (owner of bitcoin.com/bitcoin's angel of death) and Jihan Wu. (bitmain ceo) Those 2 are the ISIS of the bitcoin world. They are malicious to bitcoin.
Yes,some anonymous is sending 650 BTC last week front and back repeatedly within 5 seconds to create huge traffic in transactions.It creates a huge burden in transactions.Its just actions of miners who support BU. |
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Bistro is a private restaurant for Deloitte employees and their guests.Last september,Deloitte installed Bitcoin ATM in its toronto office.After that,they received lots of requests within the firm to bring bitcoin as payment.They said that many Deloitte professionals have shown excitement with this move.
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If you look at the way things are going now, you might realize that miners have lost the plot. They are sabotaging the whole Bitcoin experiment, because they want to make more profit and if they cannot do this, they will attack the minority chain to achieve their goal.
You should have had a look what happened with the ETH/ETC split. You don't know what "miners want". You just hear some vocal people say a lot of things, but are they the official "representative" of the miner cartel ? People were also claiming that miners were going to attack the minority chain ETC. It didn't happen. Miners want to make profit, period. They don't waste their precious hash power on war games that profit THEIR PEERS. The only thing that is happening, is that miners are essentially quite happy with the current form of bitcoin, it brings them guaranteed fees in the future, and don't want this to be MODIFIED seriously. Core has decided to force a modification upon them which would take the essence of the fees to another layer. THIS is what miners don't want. So they will side with anybody who helps them stop these modifications. They want immutability, because it suits them. Immutability was what bitcoin was designed for. Bitcoin is what it is, and will not change if that change is against the interests of a part of the community. That was the whole idea. Only (technical) changes that don't matter for people's situation can eventually be implemented. Bitcoin's immutability mechanism is at full steam, and is protecting the protocol from any changes. It is all that is happening. Nothing more. Bitcoin is what it is, and will remain what it is. Note that deep down, miners wouldn't mind bigger blocks right now, as their income is still mainly block reward. They are thinking after the next halving. Sooner or later (bitcoin's fundamental design) fees will have to replace block reward. That can only happen if transactions are scarce. So transactions HAVE TO BE SCARCE FOR BITCOIN TO FUNCTION in the long run. That was in the system since the beginning, but as long as there were big block rewards, people weren't thinking of that. The last block halving has signalled the beginning of the end of that period when transactions were cheap. Now, they have to become expensive to pay for PoW. I disagree strongly. SegWit comes with a Block size increase and it is conveniently ignored. They are getting greedy and there are no other logical reason why they would block SegWit. The LN takes some of these fees to a second layer, that are accessible to everyone. Some tx's still need to be done on the 1st layer, so it does not take away ALL the fees from that layer. These miners have seen a opportunity to drag this whole process out and might even be behind these spam attacks to inflate the fees, so that they can make bigger profits. < unfortunately these people can hide behind pseudo-anonymity, so we might never know who they are> Do not underestimate the power that normal users have, over the outcome of this whole experiment. Seems the miners are keen only in their more profits and not worried about bitcoin progress.They should realize nothing could ever become Bitcoin and if users lose their trust in bitcoin,it will be the end of bitcoin.I dont know then where the miners would go and find such a big cryptocoin for mining.Selfishness of miners will make their end in a loss. |
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