Hi, So something I've been thinking about is lending Bitcoin. For me to conduct trades over Bitcoin Talk, I usually ask the other party pays first (which usually means the trades fall through). - Is it actually profitable?
- Will I get scammed to death?
Cheers. there always exists a chance of getting scammed in every trade that you make. the only thing that you can do is to reduce the risks as much as you can. for example when you want to trade anything with bitcoin you can use a trusted escrow service, or when lending bitcoin you should ask for a valid collateral. |
|
|
|
Banks going on about how Bitcoin is useless but the blockchain is great..
Paypal advertising sending money across boarders claming speed and security..
Can you smell it in the air?
it was very well expected of them to start fearing bitcoin and its technology at some point in time. bitcoin is threatening their share of the market, so they don't want to be left behind. PayPal is going to die if bitcoin becomes big enough that replaces it, because it has very lower fees than paypal with a lot of other perks. |
|
|
|
be a hodler not a trader. top reasons:
1. most traders lose money. if you were a good trader you'd be rich already.
2. why risk losing money trading when you can hold and have a much higher probability of making money on strong fundamentals?
3. thin market = technical analysis is less reliable, bigger spreads, and more manipulation.
4. brokers and exchanges are unreliable (gox)
i tried trading bitcoin with USD and back for profit before but i couldn't totally get the hang of it and gain enough profit to make it worth my time. that is why i prefer trading altcoins, although the risks are the same and markets are still unpredictable but i could make better money there in comparison with bitcoin - USD |
|
|
|
best hardware wallet is Trezor as far as i know. but i always have this question of why use hardware wallets while you can make an offline wallet yourself and don't pay for example 100 USD for a hardware wallet and haven't got the satisfying response yet. |
|
|
|
Alternative coins users should be much less then Bitcoin logically and last time I've seen a video speaks about the number of Bitcoin users it says it's about 250k (not sure how that is calculated since a lot of people have shitload of adresses and wallets in same time)
Hmmm 250K is that it?? Not quite as dramatic as i was hoping.... 7 billion people on the plannet and only 250,000 "bitcoin" users it is way more than that for sure, 250,000 users in bitcoin is so few. i think only blockchain.info number of wallets was something around 2 million if i am not mistaken. |
|
|
|
*lol* I would say it was that i did not take care enough when i first heard of bitcoins. I probably could be rich.  this is something that everybody wishes, especially when the bitcoin price went up to $1000 a lot of bitcoin users regretted their past decisions of not buying or selling cheep |
|
|
|
never take a loan yet, and didnt know BTC can be loan ( before joined here ) well if it can be loan i wont loan it too, prefer to find it by other way like faucet or anything,,
yeah, bitcoin can be loaned and you can take loan in bitcoin too but you have to pay it back with "interest". so take a loan only if you need it and only if you can earn the profit more than the interest that you have to pay back. and also you have to provide collateral |
|
|
|
i don't know if this is what he meant or even this was in his mind when he posted the top comment but there is an address that only eats bitcoins and in fact destroys them: https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuEthis address is without private keys so if you send to that address the coins will be lost forever! Not true at all. That address is almost certain, like any address, to have quadrillions upon quadrillions of private keys that can spend from it. Your problem is to find just one. Go! how can a bitcoin address have many private keys :O every bitcoin address has just one private key!!! Exactly the address i was thinking about, thank you Herbert2020  Now when you say this address has no private keys what do you mean. Was this address created without private keys? (If even possible) Or were the private keys just destroyed to this address, if so who did and or approved this? creating an address with that many custom characters (BitcoinEaterAddressDontSend) is impossible. So I'm imagining the existence of that address? Please don't pontificate on things you don't understand. you either didn't even read what i wrote higher or don't have any understanding of how bitcoin addresses and private keys are related and how you an create a custom address. here are some good references to read: https://en.bitcoin.it/wiki/Private_keyhttps://en.bitcoin.it/wiki/Vanitygen |
|
|
|
|
you should be able to choose two options in the poll because it has both lower and higher prices in the options which means either go up or down.
if the price goes lower than $200 i will start selling and if it goes higher than $900-$1000 i will start selling too. but never all of my stash, only part of it
|
|
|
|
|
very nice set of links, thanks. i have read a couple of them but i am going to bookmark it for later references.
|
|
|
|
hi , I bought 10 ghs from cex.io , Does it mining Automaticly with out worker ?  the worker is for people who want to use ghash.io as a pool and connect their own miner at home to the pool. not you. just leave it and the earning will be added to your balance but i am not sure if you can earn anything with the amount of maintenance fee you have to pay. |
|
|
|
Well some of the steps that he suggest was an additional information to me like
those steps are teaching gambling not trading! the site he suggest and some terms that I didn't know. So thanks to him.
YOBIT is such an small exchanger, you should use bittrex / c-cex / cryptcy / poloneix for altcoin trading which all have decent daily trade volume. After all it's still not possible to have BTC1/week. If it does maybe the OP is rich now and go for vacation that's why he's not posting.  if it was that easy to make 1 BTC /week he would never share it with anybody and get rich first from ithimself  |
|
|
|
I would suggest to buy an account here with that kind of money and duplicate it everytime and buy anohterh one
With 0.02 BTC you can buy just a member account with poor post quality, so nothing good.. You should try gambling if you don't mind losing this money and you can be lucky For 0.04 you can buy fresh Full Member, so no problem I think... if you only have 0.02 BTC in the world then it is not a good idea to gamble it all away . especially if you have earned it by doing hard work on faucets. losing it despite the fact that it is just $5 is going to be painful. p.s. it has been a month since OP asked the question |
|
|
|
|
looks like Greece didn't have enough power to make a big change in the market and i think this recent rise is more because of the news of Greece rather than the actual Greeks buying in .
on the other hand i believe chinese had a big impact on the market which all in all lead to the $277 level that we are at right now
|
|
|
|
http://www.coindesk.com/62-of-people-say-bitcoin-will-end-2015-below-500/Some 62% of bitcoin enthusiasts believe the digital currency's price will be less than $500 at the end of this year, according to the results of a CoinDesk poll. The survey results show 1,682 of the 2,702 respondents predicted the price of bitcoin would end the year between $0 and $499. The price predicted by the greatest number of respondents was $400, with 281 (10.4%) of people guessing this value. This was followed by $500 and $350, with 277 and 232 votes, respectively. i always find the results that coindesk publishes from different surveys somewhat weird and untrue but in this case i think it is closer to the reality that the previous ones . if no major news comes by and nothing goes terribly wrong i think we can expect a sub $500 price for bitcoin by the end of the year. |
|
|
|
i read about it on a forum , i think there was a post advertising a faucet if i am not mistaken. then i started earning bitcoin from claiming faucets for a while and read more about bitcoin on the side .
I think everyone started like this.. from faucets. It was the easiest way to get some BTC. If I can ask, when did you first hear about BTC, 2009, 2010 etc... ? yeah i think many people have started with faucets , just look at the beginners and help section and you'll see a lot of new users are using bitcoin faucets as a way to earn bitcoin. and it was early 2014 when i started with bitcoin seriously and i think the faucet was freebitco.in which is still active until now. |
|
|
|
Gambling eventually wrecks everyone's life, it's just a matter of when.
If you are not stupid enough to gamble all your lifesavings it wont hurt or wreck anybody's life, the problem starts when you get addicted to it and you use money you can't afford to lose but it is not easy to control yourself , at least not for everybody. especially if you win a couple of times that you gambled , so it would keep bringing you back for more winning. but if you take a look at your total winnings against total loss you would understand that you have lost more in total than you have won. and that's a fact |
|
|
|
I believe a 100% win-rate dice would be nice, but it's not going to happen  then what is the profit for the website owners with 100% win-rate you are just taking their money without doing anything |
|
|
|
has anybody really get the max payout like the 9900x or 64000x in any sort of gambling dice?
I remember a pricedice user called hui made thousands of bets & he was able hit 9900x several times But, i heard he didn't get profit from it  Isn't there a limit on betting on such multipliers? I mean i don't think primedice would allow someone to bet more than 1 btc, which is already a really big amount for a 9900x payout, i mean 10k bitcoins would be devastating for primedice, so does anyone know what the max bet is on that multiplier. For Primedice, there is a max payout (bet profit + your original bet size) of 20 btc on each bet at the moment. So if you are betting on 9900x, the most you can bet would be 20 btc / 9900 = 0.00202020 btc. but it would be interesting to hear some success stories about people winning big time just by hitting the max profit, no matter the amount. I don't know, playing at such low % chance of winning is really slow playing, there is really no point in doing so, we all know strategies dont work but at least you can speed up the process and if there is a limit of 20 btc there is really no point unless you want to waste your time. i agree. i don't know how anybody can do that. since the chances of winning are so low at those high payout it means that you are in fact losing a lot of times for example 200 times in a row. i can not bear the pressure of losing 5 times in a row (seeing red) let alone 200 |
|
|
|
|
Show Posts
