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Why is it that people are not in the same page with the SegWit - I have seen responses saying that they expect block size >1MB and there are some who says that the transactions were just compressed to fit into a 1MB block so many can fit to it.
Segwit is soft fork, and would not increase block size at all... it will only separate the signature from the 1MB block and put it in an extra space down there. I guess this one should be elaborated better by a dev. I also need clarity on this matter.
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I´ve read some discussion here, and i feel there is not a final answer about if Mining is still profitable. However, i think is still profitable if ur electricity bill are cheap and u have a good budget.
But still have a question. If u are new in mining, and u have a good budget. Which Crypto would be better to mine? EHT or BTC. I Know u should buy ASICs for BTC and GPU for ETH. I know as well POS would be the other year for ETH, but i know as well u could mine Zcash or another Altcoins.
BUT NOW, in one year term, which is better to mine ETH or BTC
I Really Appreciate your responds.
THANKS!!!!
I have 2 friends who are bitcoin and eth enthusiasts respectively. They both want to mine however it seems like the rig is just good for a year and then you will have no choice but to upgrade the graphics card due to the difficulty level (I assume you know what I'm talkin about). Regarding your question, amigo... you must do your own research because only you can determine which mining will be profitable as per your preferences. I would personally recommend Bitcoin and Bitcoin cash for now, but you have to make sure that your expenses would not exceed your profit. I am actually trying to convince my mother to order and install a huge solar panel in our backyard, probably that could save me some money from paying electricity. |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
I guess so... billionaires have so much time looking for ways to make their money more profitable. You can imagine them investing 2% of their money in bitcoins and they just forget about it for a while - and then viola! Haven't you seen that video of Bill Gates speaking positive about bitcoins? Didn't you think that he invested on it too? |
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No, it won't... but obviously, it can make the rich richer... and the middle class, rich.
The poor will remain poor because they do not have money to invest in bitcoins. The only way to end poverty is to at least take money from the rich and spread it equally over the poor, but of course that is close enough to impossible. If only we could go back to 2009, amigo... we could have probably mined plenty of bitcoins and give 1 to each poor people and tell them to strictly HODL it until 2017. In that way, the rich won't have an option but to buy high from the poor... therefore we legally take away money from them and give it to the poor.
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I think the message here is always this: Pay your taxes and things will be all right! Yes, yes, yada yada... My advice is to not cash your bitcoins unless you need to. Keep it in BTC, the government could not tax it because you haven't sold it yet. I have a strong feeling that mi amigo CryptoBry and me are in the same country... we don't pay taxes here for crypto but I guess sooner or later we will. By the way, there is nothing wrong with paying taxes, but it feels good not to  |
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The forks are shaking the very foundation of BTC's attraction ... that is away from the whims and motive of a controlling cabal. One could have been dismissed, but now a 2nd one starts establishing a pattern.
I don't think that they are "purposely" trying to kill bitcoins. They are just businessmen who keeps on thinking how to make huge profits out of what is currently available in our community. You might also want to think that they are trying to compete with the mainstream - like visa when it comes to transactions. If they happen to kill bitcoin one day then you must not cry like a baby... if you want to get rich (granting that is your purpose with your bitcoins) then you must be prepared with the constant change. There is no such thing as safe haven. Maybe for a while... CAVEAT! |
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I just wanted to know that,what amount of risk is there in investing in bitcoins.
Right now i am planning to buy btc approx 3-4 btc and just hold them as i guess the price of bitcoin will increase in future and i will get some good profit.But i want to know what is the risk involved.Can bitcoin price decrease and is this right time to buy the bitcoin.
I don't want to stereotype bitcoins but honestly I do not find huge risk in investing in bitcoins. However, how you keep your bitcoins matter. I assume you already know the difference between a soft and hard wallet, don't you? Never ever store that amount of bitcoins in an online wallet or in an exchange because we cannot tell when will a hacker penetrate into those. My friendly advise to you amigo is to invest in a Ledger Wallet and anti-malware because they would help you take care of your bitcoins. Read some old topics in this forum about storage, you would need knowledge about those once you already have bitcoins. |
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Movies ? gambling sites ? exchanges ? what kind of service you want to see involved with Bitcoin more ?
I would like seeing fastfood chains accept bitcoins because I really wanna get out of the Philippine Peso... my dream is to use bitcoins in every transactions such as transpo, schools, food, and etc. I hope someday my country would accept bitcoins as payment for every necessities. I want cashless and hassle free transactions. |
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The good thing that I see here is that due to competition they have no choice but to lower their fees. The only negative about coins.ph at the moment is monopoly - they have the control with the buy and sell price of bitcoins versus the Philippine Peso.
Once these two exchanges are launched, expect improvements with coins.ph; You cannot just discontinue using coins.ph because aside from bitcoins exchange, this app is also useful in other means.
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Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
Yes mate, you are doing absolutely the way it should be. It doesn't matter how little you increase your bitcoins, the goal is to increase your bitcoins. I guess the only challenge that I face is knowing the perfect timing to buy and sell. I assume you are a full time trader who focuses at prices 24/7. |
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No. Hell no. A BTC address affiliated with a mobile number is a huge problem in terms of anonymity. One of the pros of bitcoin is being somewhat anonymous to some extent, due to wallet addresses not being affiliated with any personal data or information that the wallet owner has. Connecting wallets/addresses to a mobile number will render this feature useless. You can use those services if you want. But don't come crying here saying that you lost your bitcoins because the service provider got hacked.
In the Republic of the Philippines, the most convinient way to buy bitcoins with peso is thru coins.ph... this provider requires the users to integrate their mobile numbers with their wallets to avoid laundering. In fact, you can purchase bitcoins from 711 via your mobile number. |
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Wow, bitcoin price is increasing everyday at lightening speed!
Are you not afraid someday bitcoin will become currency only for the rich dudes?
I know we all want to buy and save more bitcoins, but the way bitcoin price is going are we really going to keep up?
What do you think, guys?
I think that basically you have no clue what bitcoin is nor how it works. Seven years ago you had 100$ , you could buy 100$ worth of bitcoin. Nowadays, you have 100$ , you can buy 100$ worth of bitcoin. Seven year in the future, you will have 100$ and you might be able to buy 100$ worth of bitcoin. (if the dollar won;t be garbage by that time). So, Problems? You think that if you own 2 million doge coins they are worth more than 1 btc just because "it's much wow more coins"? I get it, he might be coming from a viewpoint of a Bitcoin enthusiast. Someday the miners would stop mining bitcoins and it pays having a Bitcoin for keeps instead of just having a fraction of it (if you are a bitcoin enthusiast). When that day comes, it wouldn't be easy for an average Joe to get 1 Bitcoin because it might be too expensive to buy. |
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Hi Guys! Do you think the Bitcoin value will be worth more than 5000 Dollars at the end of 2017? Let me know your opinion :-)
Yes, I guess it will reach the 5000 mark very soon. Look at what happened with Bitcoin Cash, it pumped and almost reached 20% of the Bitcoin's price... but even though some people moved from Bitcoin to Bitcoin Cash the price is still at 4000s. Now imagine what might happen once these people take profit from Bitcoin Cash and move back to Bitcoins. |
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If you have a job that pays good, I don't think you have a reason to cashout your bitcoins. It also depends on the amount of bitcoins that we are talking about here... if that is at least 0.5 bitcoins then you might wanna HODL for the next 2 years. I don't think it will make sense to cashout your bitcoins today and then buy in the future specially when the price is doubled or tripled already and then your goal is to wait until it becomes millions of your fiat's worth.
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Just curious, BTC falls and Bitcoin Cash raises, are you one of the guys selling BTC for Bitcoin Cash and why?
No, not really... but honestly, I wish I did yesterday. Watching BCC raises made me sweat because I really thought it might insanely overtake BTC's price in a snap. I panicly sold every altcoins that I had and bought Bitcoin Cash. So far I do not regret that move (yet). Right now my Bitcoins and Bitcoin Cash has the same amount just to play safe whichever becomes successful in the next few years. I kept them in a hard wallet to avoid panic selling. Ha ha ha. |
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Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Hey man, which country are you at? I don't think there is anywhere much shittier than where I am right now. But anyway, If you are a newbie you should really avoid trading bitcoins or altcoins... 1.8k USD is a lot, you could have been rich now if you have bought BTC before the fork and then converted all your assets into Bitcoin Cash yesterday before it was pumped. For people like us, we should really stick to that "buy and HODL" system, specially if you have a day job and you cannot afford to be a fulltime trader. By the way, amigo... try lending your bitcoins in poloniex or bitfinex. A profit of 0.02% every 2 days is not too bad at all. Cheers! |
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Just think about the Blockchain as high demand realestate. If there is an office building right in the middle of town, and all the local businesses want to rent office space; creating more offices will just lower the scarcity.
Transaction fees are proportional to the price of Bitcoin. If the fees rise due to increased transactions then that means demand is high, thus increasing the price/btc.
The problem with your analogy is just because fees are high does not mean the price will go up or that is why the price is up. Think of it this way yes when fees are high it means there is more demand, but also people will stop using Bitcoin if the fees stay high and the supply will go up and demand drops and the price drops. We need a measure to keep fees lower in order to assure that everyone can continue using Bitcoin not only rich people or big drug dealers who can afford to pay high fees. Hope this makes sense! Well mate, I have to agree with skyline247 because increasing the blockchain size will invite more to use bitcoins. What BitcoinBarrel was saying is that when more offices are available in the middle of the town, the scarcity will lower; He had disregarded the possibility of people from the neighboring towns would consider renting those office spaces too. The right vision for bitcoins is to be able to use it conveniently, transfer funds fast, and be used by an average Joe. Ordinary people doesn't care about blockchain anyway, all they care about is sending money hassle free... like Visa and Mastercard. |
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Bitcoin has become the world most valuable asset and the value keeps going higher! Why not we should focus on saving more bitcoins than selling our last remaining bitcoins? I read and hear from a lot of guys owning bitcoin saying, should I sell my bitcoins? The issues is, if you sell all your bitcoins when are you going to buy at lower price? There's no guarantee when exactly bitcoin price will surely come down. Share your thoughts about what you think guys.  You may either use gunbot to calculate a good entry to bitcoins or watch the chart yourself, no sleeping or glimpsing. My advise to you is if you have a day job (a full time job) then don't bother with catching the dip because it's really hard to tell unless you are good at reading minds... buy bitcoins regularly, do cost averaging, with that strategy you would be able to buy at some dip. I had tried to catch the dip but I failed. It was hard to do while working in the office so I had decided to keep my money ready and consistently buy $100 worth of bitcoins every 2 weeks. believe it or not, my money did grow better compared to when I was buying and selling. |
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This is actually good because cryptocurrency would be introduced to fat people as an incentive. Most traders that I know are either skinny or lean, it is very rare for traders to be fat because they tend to skip meals and they put their money in the portfolio instead of food.
My question is how would this coin survive without hypes and pumps.
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I am impressed about this, i thought bitcoin cash was gonna dump to $100 in a few days, looks like i miss that prediction, lol.
By the way, this price is hyped because of speculation, i dont think it is gonna be in there forever.
It might fall in a few weeks/days
I like your thoughts on this... I am not a fan of Bitcoin Cash but I want to play safe that's why I bought some earlier to have the same quantity to my Bitcoins. If they both make it to top then that means I had made a right decision. By the way, though miners find it more profitable to mine BCC, I guess the end result would still vary upon which coin will be patronized by us. The mere fact that we all had the same amount of BCC and BTC after the fork (granting that you didn't sell yours), we can choose whether which coin we would use as payment method. |
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