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6601  Bitcoin / Bitcoin Discussion / Re: Daily use of bitcoin? on: April 06, 2017, 02:38:19 PM
It's not that popular online. Like as in online shops. Just try and see how many online shops that accept bitcoin you can find. I mean the list is growing by the day but still bitcoin payments are still in their infancy. But still, from what I can see things are looking up, slowly but surely.

I am sure that there are a lot merchants willing to accept Bitcoin as optional payment form, alongside the plenty of others they are working with, but most of them simply don't know Bitcoin, or they get distracted by the volatility. I am sure if they realize that they aren't exposed to the volatility if they make use of a payment processor such as BitPay, that they will definitely be open to accept it as payment form. It's a lack of understanding that plays an important role here. If I was a merchant that didn't know much about Bitcoin, then sure, the volatility will be a solid reason for me to not allow Bitcoin payments. But if I know we have third party payment processors that take care of everything, then heck, why not? I have nothing to lose, and the same goes up for others.
6602  Economy / Trading Discussion / Re: Is it still worth it to trade? on: April 06, 2017, 09:30:38 AM
If you know what to do in trading you will have a passive income you will need patience
Trading requires effort, and thus profits you generate through trading can't be considered passive income. Passive income is income that you don't have to do anything for. Example; Earning interest is passive income. Cloud mining is passive income. Gaining income through the ads you have on your site is passive income. And there are of course more examples, but you have an idea now.

It doesn't come up with a high risk if you are well trained trader. Trading just need some knowledge and if you have that then you don't need to be worry about losing money because you can minimize that with your knowledge. Fluctuations is one of the best thing you need in order to get a lot of profit which bitcoins had.
I always say, if you're a well experienced trader, you'll be using like 75% skills, and the other 25% is luck. The 25% luck is something we can't rule out since markets can move into the exact opposite direction at any time. Reason may be that a large trader with the ability to move markets has changed his approach due to inside information. Or perhaps that one is looking to spontaneously buy or sell a huge number of coins at once.
6603  Bitcoin / Bitcoin Discussion / Re: Is CHINA CONTROLLING Bitcoin? on: April 06, 2017, 09:11:35 AM
In terms of Mining, yes. In terms of flow, No. Since the electricity is relatively cheap in China, about 60% new coins are generated by Chinese mining firms. Out of top 10 mining companies, 4 belong to China. So yes, it's safe to say that they partially control BTC.

There are more than four, but the main thing that is concerning me even more, is that the chances are high that various large mining farms are owned by the same entity. There is no definite proof to back this up, but I am definitely not the only one thinking like that. There was an interesting thread I came across a few months ago regarding this, but unfortunately I can't find it right now.
6604  Economy / Speculation / Re: Bitcoin Price Prediction 2017 on: April 06, 2017, 08:33:44 AM
I also often think like that someday there will be a coin which beat bitcoin. The main issue of coins is a marketing strategy, we all know that bitcoin is the first cryptocurrency so that it is acceptable to everyone.

Bitcoin being the first crypto surely does matter, but the point is that people don't need any altcoins. Bitcoin does exactly that what people want it to do. I quite often see people stating that altcoins are better because they offer this feature, because they are faster, bla bla bla. They don't realize that basically every feature that altcoins advertise themselves with, is just a gimmick that doesn't enjoy any actual usage. Another thing, most altcoin networks are pretty much empty as they don't enjoy much usage. If they at some point get the same level of usage as Bitcoin, then look how much of their 'speed' is left... It will slow down immensely.
6605  Economy / Speculation / Re: This massive price increase in seconds shows us something on: April 06, 2017, 08:19:26 AM
1 btc = 10K at the end of the year, and 100 K at in 2020. Confirmed. No i dont use facts , look at the f**king chart

this will happen, but only if the blocksize debate is settled once and for all.

As soon as the debate is finished it's immediately (within a month, maximum) 10k.

There is something you should take into consideration - Price will surely go up when Segwit gets activated, but it's not a proper long term solution with its 2MB caps. After a year or two the same discussions will come to life as by that time, blocks will once again be full as is the case right now. Demand is strong, don't underestimate that. But to reach $10,000 levels, it will require a good number of years to build up the price. $2000 is a good start when Segwit gets activated.
6606  Economy / Speculation / Re: People selling alts to go back in BTC on: April 05, 2017, 11:33:08 PM
actually good news is still as effective, the problem is that there has been no proper good news. but there have been many proper bad news (bfx hack, split FUD,...).

the good news that most people think is good has been a random small country on the other side of the world that nobody has heard about started accepting bitcoin. but in reality this is not big. so you can't expect a big effect from it either.
and if there is a big one, i assure you that the effect will be the same as the FUD that causes crashes.
for example the halvening, or the recent one about ETF. we saw in both cases (proper good news) price went up a lot.

Countries (regardless of their importance/size) will not incorporate Bitcoin. That's one thing you don't have to focus on or dream about - it will never happen. At this point the only bit of good news that will massively bump the price as gentlemand also pointed at, is when pools finally reach consensus and allow Segwit to activate. It will mean that Bitcoin is finally able to move further. Everything else is not of any importance right now.
6607  Economy / Economics / Re: bitcoin prices go to the moon? on: April 05, 2017, 10:04:48 AM
I have found out that many people in this thread are speculating that bitcoin will go straight into sky, and nothing will stand in it's way.

That's indeed the impression that you get by browsing through the entire speculation section. People simply don't understand what it takes to get the price to reach certain price levels. It even takes a decent amount of 'effort' to just keep the price at the same levels. Nothing comes easy in the world and Bitcoin is definitely not an exception. Main point of importance is that Bitcoin needs to scale in order to keep moving further. If there is no scaling solution, or at least a temporary solution, there is no way we break through the $2000 level. Bitcoin's userbase is growing, more people means more transactions, and more transactions means more transactions needing to wait a good while before getting included in a block. 1MB block cap is an obsolete number already.
6608  Bitcoin / Bitcoin Discussion / Re: Daily use of bitcoin? on: April 05, 2017, 09:44:38 AM
About Starbucks, there might be some waiting involved but I am not sure about this one since I have never tried to pay them through BTC.

It's quite simple actually;

Go here > https://coffee.foldapp.com > click load Bitcoin > choose the amount you want to deposit (currently it supports amounts of $10 and $50) > then you'll get to see the exact amount in BTC that you need to pay, plus the address where you need to send the coins to.

As soon as your payment comes through, the barcode you'll see becomes your giftcard-like payment form that you can scan in Starbucks. Currently you're entitled to a 10% discount if you use Fold, so that is quite a decent deal.

After that you can cash out the remaining amount that you haven't used in BTC to one of your preferred addresses.

I must however note that it may not work everywhere as the Starbucks in your country must be able to accept USD based giftcards, but in most countries that is the case, but there may be some exceptions.
6609  Economy / Speculation / Re: People selling alts to go back in BTC on: April 05, 2017, 09:06:45 AM
the good news of bitcoin has brought them back. I mean the main concern is the good news and it will generate the value for bitcoin (pump or dump).

Firstly, there has been no good news that resulted in the price to increase again. It's just a normal market movement in current circumstances. Second, Bitcoin isn't really good news sensitive anymore as was the case back in 2013/2014 and the prior years. Bad news on the other hand, which in most cases isn't even bad news at all, still seems to influence the price in a negative manner. In that regard, for some reason a lot people still think that literally anything can happen with Bitcoin. I think the direct result of this is ignorance.
6610  Bitcoin / Bitcoin Discussion / Re: Bitfinex has raised enough funds to reimburse users from last year hack! on: April 05, 2017, 08:05:14 AM
You do realize that you can track the stolen BTC, and see that it is not commingled with the rest of bitfinex's bitcoin.

Bitfinex also just sold ~$55 million worth of shares of their company at a massive discount. The shares are already trading at 25% above the price they sold them to BFX token holders, and this increased valuation is likely a discount from the valuation prior to the hack.

Correct me if I'm wrong, but as far as I am aware of, there is a low number of coins that you can track, which on its own doesn't mean anything. In case everyone is indeed able to follow the nearly 120K BTC, which at this point renders these coins pretty much worthless since they are 'marked' - I wouldn't even be surprised that at some point (now the debt has been fully paid off) the "hacker" miraculously returns the coins to Bitfinex, where Bitfinex basically can do anything with these coins from there. Don't you yourself think everything around the "hack" was/is more or less shady?

In case you can follow/track the 120K BTC, would you mind sharing the addresses in which they are sitting?
6611  Economy / Trading Discussion / Re: Best Investments on: April 05, 2017, 07:44:30 AM
the best crypto currency investment will have to be gambling business....so long you invest in a good support team, fast grading system and stay in line with

professional ethics your business is destined for success.

I assume you're referring to investing in gambling sites as in supplying coins for their bankroll. Mind explaining how it work when it comes to the returns? On what basis are you getting the returns, can you liquidate your investment at any time (regardless of you having made profit or not), is there a certain time frame where you can better avoid investing in the bankroll of a certain casino, etc.
6612  Bitcoin / Bitcoin Discussion / Re: Bitfinex has raised enough funds to reimburse users from last year hack! on: April 04, 2017, 11:08:44 PM
I hope they spend a little bit of that money on fixing the holes, because a second big hack like that will close their doors permanently. It is very

impressive that they basically saved up that money since about August 2, 2016 when it was announced. Their biggest loss is not just the money,

but the trust they lost from the community. I hope this will redeem some of their credit with the users.  Roll Eyes

What security holes are there to fix when it was an inside job? It's great that people have been compensated in full, but the main point is that they have been compensated according to the value of the coins in USD at the time of the hack. Is it coincidence now the price has nearly doubled in value from the time the "hack" took place, that they have paid back everyone? I don't buy it. 120K BTC at doubled price means that they just need to liquidate 60K BTC to repay all people, and to get rid of every sort of investigation, drama, etc. Easy profit, isn't it?
6613  Economy / Trading Discussion / Re: I quit trading on: April 04, 2017, 10:49:02 PM
I prefer slow trading over day trading or trading on a weekly basis. It's far less time consuming and it also doesn't involve any stress.

I am quite a frequent trader that mostly comes in action at the time there is enough volatility. Day trading indeed requires you to constantly stare at various open screens that you have, where basically every up and down movement could be a winning or losing one. I mostly focus on repetitive patterns, but some times the market is moving outside the familiar range, which requires you to take an extra bit of risk when it comes to your trades. I personally don't experience any stress, but it is very tiresome as some trading sessions can last like 10-15 hours, and thus prevents me from going outside, or doing something non Bitcoin related.
6614  Bitcoin / Press / Re: [2017-04-04] Tech Writer Warns The Uninitiated: Don’t Own Bitcoin on: April 04, 2017, 10:19:03 PM
It's funny how certain people think Bitcoin is a bad investment due to its volatility. Volatility matters to traders, but not at all to people being long term minded. If you buy and hold Bitcoin for 2 years, why would you care about short term fluctuations? Bitcoin has proven to move up over a longer period of time, regardless of the intensity of the fluctuations that we have been going through. If people don't believe this, then they just need to look at the all time charts, that will show them how much short term fluctuations affect the long term price - absolutely nothing.

If you read the entire article, one thing becomes obviously clear - people should stick to their industry and avoid putting their nose into something they don't know much about.
6615  Economy / Speculation / Re: Static btc price on: April 04, 2017, 10:07:30 PM
generally speaking you should never even pay attention to anything you read on bitcointalk. there is nothing happening by that date and google didn't show anything either.
and even if there was something, there is no way of speculating about price the way he did which leads to the conclusion of him saying some random comment here!

probably his wishes not speculation.

I know, but regardless of something making sense or not, if you say something targeted at a specific time frame, you should go in-detail and explain what it is that will cause the price to go up or down. It could be that he thinks a specific non Bitcoin related event might cause the Bitcoin market to shake up. We don't know this because he didn't explain anything, and that's exactly what I am asking for - clarification of his statement.
6616  Economy / Speculation / Re: Static btc price on: April 04, 2017, 09:40:06 AM
but i guess the price will go down from 12 th of april .hope you sell your bitcoins and be prepared to buy the bitcoins from the mid of april ,you will gain a lot of profit.

Mind going a bit more in-detail? What's with 12th of April that you think will make the price go down? At this point there are no indications of a market that will move in a different pattern, and thus the market will just continue bouncing up and down as it has been doing in the last weeks. Basically everyone with at least a certain bit of market understanding is able to spot that. I just assume you are guessing, where if your prediction becomes reality, you'll tell everyone that you were right, and when your prediction doesn't meet, you'll just silently move on.
6617  Bitcoin / Press / Re: [2017-04-04]Bitcoin Exchange Bitfinex Buys Back All Remaining 'Hack Credit' Toke on: April 04, 2017, 08:51:29 AM
It's a good thing for those that were harmed by the actions of Bitfinex, but it's clear that this exchange can't be fully trusted anymore. Everything around the hack was very shady, and enough people don't even believe it was a hack. That being said, I must state that the exchange gained back its leader role when it comes to being the largest USD exchange. It's either that traders that have returned, or that new large traders have found their way to that exchange. From all the exchanges, it has the highest level of liquidity in its order books.
6618  Bitcoin / Press / Re: [2017-04-04]Kim Dotcom’s Bitcache Preview Reveals Built-in Bitcoin Payments on: April 04, 2017, 08:29:28 AM
That is good news. But will that payment all go through the main chain? We need block size increase.

Article clearly states that payments will happen off-chain. It basically means that Bitcache will act as central authority in this whole process. But on the other hand, I don't think many users/content creators will care much about that. Their only priority is to generate as much revenue as possible with their content. Kim also stated (in a different article) that if Bitcoin operates larger blocks, he will consider to go from off-chain, to on-chain.
6619  Economy / Speculation / Re: Bitcoin can break above $1,100 again? on: April 03, 2017, 11:09:21 AM
The price has already crossed $1100 level and it can touch $1200 anytime soon so I am eagerly waiting to see that price so that I can sell some of my coins which I bought below $1000 in last week to make some quick profits from it.

It indeed can hit the $1200 level soon, but with BU fud going through the market the price can also tank down to $1000 within 24 hours. Fact is that there is quite a strong level of resistance at ~$1100 levels, in that regard, I wouldn't focus too much on the $1200 level for now. Especially when you consider that the price is moving within a certain range, that at the same time shows no real indication of moving outside that range.
6620  Bitcoin / Bitcoin Discussion / Re: f2pool starts signaling segwit for Litecoin. Will LTC enable segwit before BTC? on: April 03, 2017, 10:54:33 AM
I can see a big % of gains happening with Litecoin, it probably has been extremely undervalued for a long time.

It was, and still is undervalued. Especially if you put it up against the gains that other alts have been going through the last weeks. In that regard, I wouldn't be surprised to see Litecoin smash through $15-$20 in the coming months. If Segwit gets activated on Litecoin, then the market will go complete nuts and then we'll see a real price explosion. I greatly prefer money flowing into LTC over having the same money flow into ETH and Dash.
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