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6401  Bitcoin / Bitcoin Discussion / Re: A question about replay attacks. on: November 06, 2017, 11:59:49 AM
No there is no need for an attacker to have your coins lost in a replay attack. A replay attack is basically when the same transaction is repeated over the other chain. This might happen due to low security and lack of replay protection. The hacker might take advantage of certain situations if we are not careful form our side. Consider not doing any transaction right after the fork and you will be safe. Wait at least 1 or 2 days after the fork for the dust to settle down. Import your private keys in a Bitcoin client which guarantees replay protection and then make any transactions.
6402  Economy / Speculation / Re: Bitcoin price will down on: November 06, 2017, 11:46:19 AM
It is too obvious for a Bitcoiner to predict that Bitcoin's price will keep increasing in the future. BTC is currently at $7400 and we can say that it will rise further more because it is scarce and has a limited supply. There are just 21 million Bitcoins that can be mined out of which many are lost.
This creates more demand in market and anything that has a huge demand creates a good spike in it's price. The forks did not effect Bitcoin's price at all since the supporters had a good belief in BTC. The price will keep increasing in future since the demand will increase because many number of people will start using it. So it is better to buy Bitcoin now than to regret later.
6403  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the bitcoin and bitconnect charts on coinmarketcap are the same? on: November 05, 2017, 02:03:34 PM
You can see it yourself on coinmarketcap.com, the charts are the same all the time. Is there a link between them ?
The name Bitconnect itself means connecting to Bitcoin. So yes there is a connection in between both coins. Most of the time their charts are similar to each other. Whenever the price of Bitcoin rises, we can see a spark in the price of Bitconnect too. Bitconnect has been making the profit in their lending platform out of this strategy only. They invest in Bitcoin and just hold the money. The price of Bitcoin rises which makes a profit to them and that is how they pay the interests for their lending program. This is the reason why the BCC lending is still running.
6404  Economy / Service Discussion / Re: Is Zebpay safe for purchasing bitcoin? on: November 05, 2017, 01:50:54 PM
I will give you an honest opinion since I am a regular user of Zebpay. I can't say that Zebpay is absolutely secure since there are some issues with it. The only thing that I don't like about it is the deposit of rupees. The amount deposited once might take days to get credited to your account. Their support is not that well too. Although they give a response but they do it very slowly and the issue takes more days to get solved. Other than this it is a good platform to buy/sell Bitcoin and withdraw it to your bank. I never had trouble in sending and receiving BTC and withdrawing RS to bank. So other than depositing rupees everything else seems fine to me.
6405  Bitcoin / Bitcoin Discussion / Re: Are hard forks the poor developer's ICO? on: November 04, 2017, 01:10:41 PM
It's quite obvious that the Segwit2x wants to hijack the properties of Bitcoin by saying that they are upgrading it to a better version.
Instead of developing the coin together with the Segwit they decided to fork it by themselves. They also wanted the miners to support it.
Why would they do it if it was not for their benefit ? I am sure that they would not be successful in achieving their goals since Bitcoin will win the race and B2X will be just another Altcoin like the BCH and BTG.
6406  Bitcoin / Development & Technical Discussion / Re: Best wallet for potential fork. on: November 04, 2017, 12:37:59 PM
If you're going to use a desktop wallet like myself I would recommend using the elctrum desktop wallet. Extremely leightwheigt (no need to download the entire blockchain) and it supports a potential fork. If you're going for a hardware wallet you probably want to consider a trezor hardware wallet.
I do know that Electrum is a good wallet but I don't wanna risk my coins on a PC. Since it is more prone to viruses it is not as safe as keeping the coins on your phone wallet. In addition to that, we can open and watch it anytime we want.
any wallet that supports private keys export/import is fine
if you ask for a particular recommendation,I would suggest Electrum or Trezor
if you don't have a hardware wallet,go for Electrum-it is great and easy to use
here you can find info on how to sweep/import your private keys to Electrum:
http://docs.electrum.org/en/latest/faq.html#can-i-sweep-private-keys-from-other-bitcoin-clients
http://docs.electrum.org/en/latest/faq.html#can-i-import-private-keys-from-other-bitcoin-clients

here you can read a short article on sweep vs import:
https://99bitcoins.com/know-more-private-key-import-vs-sweep-difference/
What do you think about mycelium wallet. Will it do the job since it gives the seed with the backup of 12 words.
I guess this will workout. But I don't know how to claim the B2X. Does any wallet supports the seed from mycelium ?
6407  Economy / Trading Discussion / Re: finaly done btc on: November 04, 2017, 08:12:19 AM
We are not over with it that soon my friend. The fork is yet be done and I can surely say you that the price will not be stable as long as the fork is done. People will be buying in as much as they can in order to get the profit out of the work. Once the fork is done most probably everybody will be switiching to Alts which will create a decline in price of BTC. It will then suffer from a correction and that is when the price "might" become stable.
We can't predict whether it will be stable or not since there is a news that big whales are investing in Bitcoin and if so then the price might see a spike.
6408  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin crash is imminent on: November 04, 2017, 06:13:29 AM
It is a known thing that crypto users will be investing the coins to Altcoins right after the fork. People are holding BTC to get the free B2X coins during the fork. So when people invest their coins in Altcoins the price of BTC will go down. It might suffer from a correction.
But it will soon recover the price and then go back up steadily. This is what happens all the time during a fork. The thing to notice is how much will the price of BTC decline and how much money will be going into alts. People will rush to invest the money into alts and for sure the people who invest first will get more benefit than the others.
6409  Alternate cryptocurrencies / Altcoin Discussion / Re: ALTCOIN Replace the DOLLAR? on: November 04, 2017, 06:08:26 AM
Dollar is the not the largest currency in the world. There are currencies such as Euro and British Pound which are stronger than the USD.
If you google it, the results will show you that are 6 currencies that are stronger than USD. None of the Altcoin has the chance to replace dollar yet.
Bitcoin itself has not replaced dollar yet. The can't be compared since the dollar is a physical bill whereas the Bitcoin/Altcoin is a crypto currency.
There has to be a wide number of population using crypto currency for it to replace the dollar. Until now only 8% of the world population is using Bitcoin. When the number goes above 75% may be then the time will come for the cryptos to replace dollar.
6410  Bitcoin / Bitcoin Discussion / Re: Is this SUDDEN price rise good for BTC? on: November 03, 2017, 04:08:17 PM
That is the reason why the people are not adopting it for their businesses. People are using it as an asset that they can trade and gain the profit from. They are using it as an investment from which they can get good returns. It may take a while now for the price to settle down.
Stability is not guaranteed in Bitcoin and this is why people are afraid of implementing BTC as a source of payment in their business.
May be after the whole world knows about it and more people start using then it might become stable in price and be used in businesses.
6411  Alternate cryptocurrencies / Altcoin Discussion / B2X confirmations needed ? on: November 03, 2017, 01:20:48 PM
Okay so I tried searching in google and read some threads in this forum about it but didn't get the answer anywhere.
So does anybody know how much confirmations are needed for a transaction in the B2X chain ?

I also had some theories that if a BTC transaction needs 6 confirmatoins for a 1MB block size then the B2X transaction having 2 MB block would need 12 confirmations. Is this theory wrong ?
6412  Bitcoin / Bitcoin Discussion / Re: How to guard against theft of the private key from the operating system on: November 03, 2017, 12:58:22 PM
Being a Hero member you ask how to safeguard the private key? That's really a noob question though !
Anyways I will answer your question. You can either keep the private key offline by storing it on a pendrive or CD/DVD or you can write it down on a piece of paper. You can also click a picture of it through your phone and hide the image. Printing the private key is the thing which everybody does and you can go for that too. You can also email it to yourself but consider the risks of getting your email account hacked. Storing it offline would be my best suggestion.
6413  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin going on fire! on: November 03, 2017, 08:17:22 AM
MYGOD

I am looking at Bitmex chart, Bitcoin is WILDRAGING FIRE GUYS! The green bar just go higher and higher. Peaked at $7400, and it is back to $6900.

To be honest i am happy this happens, because IMO if one coins just keep going up without stopping. When crashes happen, it will crash it to very low price because it does not create a support line
A coin usually dumps if it goes upwards too quickly. It is quite obvious that Bitcoin is taking the same route of going upwards in a short time and a dump is quite expected if it happens at all. It can't be predicted in the case of Bitcoin when we can see the dump. May be there will be chances for a dump right after the fork since people will be moving to Alts because of it's low prices. Chances are there that Bitcoin will suffer from a correction and then increase in price steadily since I have got to know that big whales are investing in BTC these days.
6414  Bitcoin / Bitcoin Discussion / Re: Mining with mobile device on: November 03, 2017, 07:53:15 AM
Electroneum has not yet opened the mobile phone mining feature yet and so it won't be possible to say whether it is profitable or not.
Although they did mention in their article that a high end smartphone will be able to mine 71 ETN coin per month at the price of $0.29 per coin which would give $21 per month. So it is not that profitable since we will have to keep the phone mining always ON which makes it prone to be dead. A single smartphone can't handle such a load and that is why it is recommended to make a mining rig and then mine the coins.
6415  Economy / Trading Discussion / Re: Is trading Bitcoin and other alts still profitable? on: November 02, 2017, 04:08:15 PM
Seeing the current situations it wont be wise to invest into Altcoins now since most of the promising altcoins have gone down.
The rise in Bitcoin have dragged down almost all the Altcoins. So instead of investing into altcoins it would be much better to hold Bitcoin.
Holding Bitcoin itself would return a good amount of profit since it has been going upwards at a rapid speed. Besides that, there are also sudden surge at times through which we would be able to get a good profit. I myself got some money out of the surge. So Bitcoin would be the obvious choice.
6416  Economy / Service Discussion / Re: Investing advice on: November 02, 2017, 12:35:17 PM

The 0.01 BTC is quite small amount for investing (just the transfer to invest site will costs you 1%  Grin)

It's actually 10% since a normal transaction fee is 0.001 BTC  Grin Grin Yes, I would agree that there are too many scams in crypto as well.
There are scams in mining, investment, HYIP, Altcoins(see the shitcoins in Yobit), ICOs and there are scams in faucets too. So you better be careful while investing the amount. Indeed 0.01 btc is a small amount and you must know that whereve you invest the amount, it will only generate a small amount of profit. If I were to invest the amount, I would have done it in trading, yobit investbox or Bitconnect(although the amount is less for it).
6417  Bitcoin / Development & Technical Discussion / Re: Why was SegWit2X implemented in the first place? on: November 02, 2017, 06:14:06 AM
From what I understand the Segwit2x people for some reason don't want BTC to work as it is and found a reason to fork from the chain.
The reason is the increase in block size and thus they have implemented the consensus for the new coin. I thought that increase in block size would benefit BTC and increase it's efficiency but I guess I was wrong. The Segwit2x members want BTC to run according to them only and that doesn't seem fair enough. I will support the current chain and want BTC to work the way it is.
6418  Bitcoin / Development & Technical Discussion / Re: Payment No. 1: A Closer Look at the Very First Bitcoin Transfer on: November 02, 2017, 06:00:27 AM
I read the whole thing and makes me feel so honored to be a part of crypto. But it is weird as the address 12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S which you refer to as Satoshi Nakamoto's BTC address has been receiving payments form other addresses. Does this mean Nakamto is still alive or is somebody else is using his address. The payments were too small and also on 05/05/2016 there were 18 transactions of 0.00022 sent repeatedly to the address. Looks like somebody was spamming his address  Huh  The last payment sent from his address was 01/12/2009 Undecided Undecided Goosebumps
6419  Bitcoin / Bitcoin Discussion / Re: How likely will there be a chain-split for X2? on: November 01, 2017, 04:49:22 PM
The chain split is going to happen most likely since the Segwit2x support want an increase in the block size. Their goal cannot be accomplished without forking the coin. This would obviously create a separate chain and the chain with majority of supporters will then have an edge.
It also depends on the price of B2X(I suppose that's what they will be calling it after the fork) as people will dump the coins to get back on the chain with more value. I personally like Bitcoin they way it is but wouldn't mind an upgrade if it increases the efficiency and stability of the coin.
6420  Bitcoin / Bitcoin Discussion / Re: How will the SegWit2x hard fork affect the market? on: November 01, 2017, 04:34:30 PM
This hard fork might not be the same as the previous ones and might affect the market if not treated carefully. The segwit2x supporters want to increase the block size from 1MB to 2MB which will obviously make the split of the entire chain. In such case the people who don't have the knowledge to handle forks might lose their coins on the other chain if don't take a note of it. This fork is not going to give a protection from the replay attack and thus it depends on the individual to do the transactions with safety measures. So this might affect the market in a negative way and can create a negative impact on prices. There might also be misunderstandings and confusion related to the fork since there are supporters on both the chains.
So it is pretty difficult to say what might happen. One thing for sure is that this fork will not be similar to the previous forks.
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