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7181  Alternate cryptocurrencies / Altcoin Discussion / Re: How can I find a good altcoin? on: January 18, 2018, 06:35:56 PM
As a newbie, I have little experience in choosing a promising altcoin and there must be some important thing that I don't know now in the process of choosing a altcoin. I want to stand on the shoulders of giants and I hope you can teach me something. Thank you.

A good altcoin... what does make an altcoin a good one? The price? the volume? the weight on the market?

Good altcoin by price:
All of them will bump at some point.

Good altcoin by features:
You can find features like smart contracts, or fast blocks. for that take a look to ETH

Good altcoin for mining:
You can go for burst, that coin gets mined by hard disk. Other options are clams and peer coin who get mined by staking.

So, if you want to get an altcoin to have fun and make test with the coin core, and learn how to manipulate them with command line, i recommend dogecoin, this way each test will be cheap  Wink
7182  Bitcoin / Bitcoin Discussion / Re: If no one spends bitcoin what might happen? on: January 18, 2018, 04:18:59 PM
Share your ideas here.   Grin

In my opinion, I think we will be stuck in one price or maybe worse we will all go down.

Here is what happened when US citizens are saving too much.

Quote
That's important because American spenders make up the majority -- about 70% -- of economic activity in the country. If people don't spend, the economy doesn't grow.

Check it out here


If no one spend bitcoins that mean no one sell and no one buy, then yes, price would be stuck. But at same time the coin will not have value because no one is spending it. Is like the issue about the tree on the forest, if a tree falls on the forest and no one is there, the tree makes sound?. If no one spend bitcoin should it have a value?

By the way, people loves to spend money, that's something that any single human love to do, and that's why this will not happen, people can't just stop spending bitcoins. But at least is a nice topic for discussion.
7183  Economy / Speculation / Re: Hold or Sell on: January 18, 2018, 02:01:42 PM
today the price of BTC is down by -36%.
For those of you Bitcoin owners what are your plans in these circumstances?
  • Hold your Bitcoin?
  • Selling Your Bitcoin?
and would you like to give me a reason. thanks. Smiley

There are a limited number of BTc in the world, and they are attracting more and more attention daily, so… I would hold any BTC I had if I where you, just because it, for sure, will rise again: the number of BTC in the world is not increasing at the same speed as new interested investors, so I believe BTC is going to increase its price a lot this year.

Meanwhile, if you feel too much in panic, you can always move your assets to another coin, but, to be honest, BTC is going conserve the crown for a while (Until bitcoin cash kills him  Wink )

7184  Bitcoin / Bitcoin Discussion / Re: I'm gonna sell my house on: January 18, 2018, 05:29:35 AM
I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that

If you are seriously, please go now to see an expert before selling anything.

If you’re just being sarcastic, my applause. For there are so many ones now who are thinking about doing the same think: risk everything just because BTC is low and it is supposed to rise again.

Well, nothing is safe while speaking about cryptocurrencies, so risking everything you have is not a smart move.

Remember those wise words "go big or go home"... here if you don't go big, there is no home to go.

By the way if you do it, i wish you good luck.
7185  Bitcoin / Press / Re: [2018-01-17] Korea Blocks Access to Crypto Trading for Soldiers on: January 18, 2018, 01:27:15 AM
Ministry of National Defence of the Republic of Korea announced on Monday that it is considering various regulatory measures against cryptocurrency as it could harm soldiers' morale. This is reported by The Korea Times.

Starting Monday, the ministry began blocking access to online cryptocurrency trading systems at internet cafes on military bases.

Read more: https://hype.codes/korea-blocks-access-crypto-trading-soldiers

What are your predictions about upcoming regulation in South Korea?


And meanwhile US is making a program full based on cryptocurrencies for the soldiers training… It is called Army Coin, was launched on July, 29th, 2017, and intends to use blockchain technology to create a platform where they can use a self-created cryptocurrency built over BTC… So US army is creating its own coin, the “Army Coin”. Maybe Korea is just having the same idea…

You can read about “Army coin” here: https://medium.com/@NODEfather/army-coin-the-us-army-blockchain-80ea8996194f
7186  Bitcoin / Bitcoin Discussion / Re: China bans bitcoin EVERY year on: January 17, 2018, 08:57:48 PM
Jan 2014, China bans bitcoin trading
https://www.reuters.com/article/us-china-bitcoin/alibaba-division-bans-bitcoin-after-china-crackdown-as-ipo-looms-idUSBREA070F620140108

Apr 2014, China won't ban bitcoin
https://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin

May 2015, bitcoin supposedly banned in china
https://www.ccn.com/top-10-countries-bitcoin-banned/

Nov 2015, bitcoin not banned in China
https://www.coindesk.com/taiwan-finance-regulation-bitcoin-ban/

Jan 2016, China wants to release their own coin with potential threats of btc ban again:
http://bitcoinchaser.com/crypto-currency-china

June 2016, bitcoin not banned in China
https://news.bitcoin.com/china-recognize-bitcoin-peoples-rights/

Jan 6 2017, china threatens to ban bitcoin
https://themerkle.com/how-the-peoples-bank-of-china-denied-bitcoins-ath/

Oh, but a week later, Jan 13 2017, China isn’t banning bitcoin
https://themerkle.com/why-china-isnt-interested-in-banning-bitcoin-importance-of-regulation

Sep 2017, again China bitcoin FUD due to ICO ban
https://www.forbes.com/sites/panosmourdoukoutas/2017/09/09/why-china-crushed-bitcoin

And crypto exchanges were dead in China by early nov 2017
https://www.forbes.com/sites/kenrapoza/2017/11/02/cryptocurrency-exchanges-officially-dead-in-china/#19938f52a839

JUST BEFORE the BOOM to nearly $20,000!

currently, Jan 2018, china threatens to ban bitcoin causing btc decline
http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-china-exchange-ban-cryptocurrency-trading-government-a8161721.html


This is just a tip of the iceberg, this Asian BTC-FUD has probably happened a dozen or more times over the last 4-5 years.

And now we are going to see another BTC all-time high in the coming months!


Great information, man, Thanks.

Yep, China has been a while trying to crash BTC in the market, stoping transactions… and now, besides all the information you show us, they are trying to stoping mining!!!! China has the 2/3 of the BTC mining in the world, as “el diario” published last January, 11th, due the low price of electricity. Now they intend to control electricity consume in order to identify miners and stop their activity!!

I don’t know why are they so concentrated in banning BTC, but surely it has its own motifs, because, as you show us, they just will not stop because they are the biggest holders.
7187  Economy / Trading Discussion / Re: Sell all to USDT when everything goes down ? on: January 17, 2018, 07:12:53 PM
Is exchanging all your assets to USDT when everything goes down a valid move ?

When everything is getting down, selling your assets is nothing but a panic sell. Remember last September, when everything was falling down, and how BTC grew again in a couple of months. Panic selling is what investors are always looking for, in a kind of cycle: investors and speculators said BTC -for instance- is going to disappear. Everybody begin to sell, so the price low itself, pointing investors to buy again at a really low price.

Then, after a while, they speak nicely again about BTC and pronostique all kind of beauties, so people begin to buy it again, and its price increase again and again, until the process begin one more time. So, meanwhile, there are tons of people making money, your money, and the money of all those whose BTC where sell in a moment of panic at a low price. In my opinion, when prices become low, the best movement is to stay, conserve your assets and wait: it will rise again.
7188  Bitcoin / Press / Re: [2018-01-15] Bank Indonesia Declares Cryptocurrency Illegal on: January 17, 2018, 04:25:46 PM
It seems to be a discouraging campaign from Indonesia, but it isn’t forbidden, at least not by now. The point is they’re already using the word “forbidden” when they talk about BTC and another cryptocurrencies, but, technically, it hasn’t be forbidden (yet?).

What has happened, apparently, is that Indonesia has forbidden the use of cryptocurrencies to financial enterprises and payment systems, which was published the last month. It is just another step in the way of forbid, but, can they achieve that? For the moment, it seems just to be an advertisement to the public.

Do you think now the alleged prohibition from last month is actually real?
7189  Bitcoin / Bitcoin Discussion / Re: I'm late! on: January 17, 2018, 02:09:11 PM
I am too late to learn about bitcoin? It definitely yes! Why? Because he available bitcoin is lesser nowadays.  But I'm curious if bitcoin supply will growth. What if bitcoin grow it supply? But butcoin has a finite numbers.

Lately I’ve seen a lot of this sentiment. Expressions as “I’m late”, “BTC is dead”, &CO, exist all over the internet. This is like the feeling of the end of the world: everybody thinking the world is going  to came to its end since the beginnings of time. Let me explain: about the year 1000AC everybody used to write about how the world was going to end. The same happened when the 2000AC was close. Last year, everybody felts (well, not everybody, just some who aren’t rich right now) they should not get BTC because it was reaching its end.
What i mean? I mean somehow is normal to human kind to think about everything going to an end, but they’re (historically) are always wrong!!!

If you want to learn about something, then begin to read, look for some good information.  Of course here in the forum you can learn a lot about BTC but I should say: if you’re already convinced it is too late for BTC then study another staff of use, but if you want to learn about anything, just remember NEVER is too late. And if anybody tell you so, then hurry up!!
7190  Alternate cryptocurrencies / Altcoin Discussion / Re: what's the best altcoin? on: January 17, 2018, 12:09:29 AM
Anyone give a suggestion on what's the best coin?

There are a lot of options, but I think Ethereum is maybe one of the best coins right now, just because its tech is the best nowadays and I’m sure, its price will reach the sky this year.

But if you’re looking for quick profits, maybe the best choice are another altcoins as  Dogecoin, Clamcoin, Stellar… the last one, for instance, is really cheap and has been mentioned for the experts as one of the bets investments if what you want is a great profit. Also this is easy to change stellar to dollar or euro, so it is becoming one of the best choices for beginners who doesn’t have much money.

So, when you say the best coin, leave me thinking... The coin with the best features, the coin with the best fees, the coin with the fastest confirmation, the coin with best profit on the market... what does make them the best? Becaise if we say, the best is the one with the highest price, then bitcoin will be always the best.
7191  Economy / Speculation / Re: Bitcoin has dropped so invest more on: January 16, 2018, 09:21:25 PM
people are panicking over the drop that has been experienced over the last few hours why don't you look at it as the best time to invest more

if you are panicking too much you need to evaluate your risk management skills or you will be feeding the sharks
its the crypto world you can expect anything

Well, remember last year, when BTC fallen down until the $1,700 just to rise again and reach even the $20,000. People who invested when it failed till the lowest price became rich. I don’t know what is going to happen with BTC, but i think it is going to fall a little more before it rises again. Maybe I’m mistaken but today is a good day to keep BTC in the eye, to don’t lose any movement and to try to invest wisely.

Of course any investment need courage and a hand of steel, so, play it wise   Wink
7192  Bitcoin / Bitcoin Discussion / Re: Do Banks fear cryptocurrency on: January 16, 2018, 05:36:09 PM
Well, Cryptocurrencies are known as “people currency”, so there aren’t determinate by any institution. Of course, it has generated skepticism and some attacks from banks owners, as Jamie Dimon, from J.P. Morgan Chase &Co. who claims that digital currency is a “fraud” and a “tulip bulb”.
Even when banks can’t see this way right now, some experts consider that Bitcoin is going to be a “stabilizing rather than destabilizing factor for the financial system (…), allowing money to reach those who need it” - Apostolos Pittas, adjunct professor of economics, in forbes.com.

Well, the posture of the banks are eclectic right now, there are event entities which are trying to develop its own crypto, and others which already are trading with cryptos. But yet the global position seems to be skeptic. My opinion? BTC is going to be, someday, used by banks. They are not going to lose the opportunity of becoming reacher, don’t you think?
7193  Bitcoin / Bitcoin Discussion / Re: I am worried! on: January 16, 2018, 03:50:37 PM
The cryptocurrency world is always full of panic!! If you look for news about bitcoin from the last year, you can see how deeply scary they were… For instance, the Daily News on September 14, 2017, prayed: “Chinese liquidation panic causes massive Bitcoin price Crash”, in order to talk about how China decided to stop all trading business on September 30th. And yes, of course BTC price went down, but as all we know, it recovered its price shortly later and increased its price more than ten times after that. 

Also Javier Pastor wrote to Xataca.com on September 15th about the panic and the falling of BTC and Ether due to the China call to close up  all transactions. Javier Pastor baptized the fall as a “terrific week for cryptocurrencies”, when btc falls from $4,800 to $3.090 and Ether from $386 to $217…

So, yes. Panic is part, apparently, of this new world. But even it isn’t so “new”. I recommend you to read a book called “Manias, Panic and Crashes”, from Charles Kindleberger, where you will find how economics works from “the beginning” of speculation.
7194  Economy / Trading Discussion / Re: Is it time to buy some BTC? on: January 16, 2018, 01:49:51 PM
The market is Still Looking Dull Due To KOREA's Unclear Statement. Still Market is Going through that FUD.
BTC is so cheap now. Do you think it is time to buy some BTC?

Today is the day! Just see at those markets! btc at $11700 is really cheap, but not sure about how down could it go. But for now i see it as an excellent chance.

Other thing you can do, is batch investing, if you have $1,000 to spend, start with $200 if you see the market going down, then invest another $200, but if you see it going up all the way, then go with all in.  Wink
7195  Bitcoin / Bitcoin Discussion / Re: Why people sell bitcoins? on: January 15, 2018, 05:37:37 PM
Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

Well, in my opinion,  thats depends on the person:
- People who use BTC as an investment, they buy bitcoin when the prices suits and then sell them in order to get more money and so.
- People who works in the network and get paid in BTC. If they need cash, of course they will be in the need of sending their bitcoins! (as on any other work)
- People who spend money on btc, then get afraid because they are losing money so it begins a “panic selling”.
- People who just need cash…
- Because your country is starting some legal discussions about btc and you can’t pronostique anything good…
- So they get more BTC…etc

In short, it depends on the kind of person, why he/she has BTC, and on the country you live…
7196  Economy / Speculation / Re: 2018 is death of bitcoin? on: January 15, 2018, 03:57:15 PM
2018 is death of bitcoin?

do u agree?

Of course not. If everybody is lucky, maybe bitcoin will remain with a permanent price (which I think is impossible). Maybe it will fall a little, or maybe it will rise, but death!!! No way.

I think this new year is going to be the “altcoin year” where other crypto will rise. Maybe it  is going to be the year where a lot of new users begin to prefer alt coin instead to BTC, so it is easier to pay, there are less feeds and all. But I think somehow BTC is going to keep the crown, because it is becoming more and more famous everyday.

So, maybe 2019 will be dead, but not on this 2018  Tongue
7197  Other / Archival / Re: KFC Canada accepts bitcoin on: January 12, 2018, 12:08:20 AM
LOL i would call that the fees bucket  Cheesy fun to compare a transaction fees with a chicken bucket, or with a whisky bottle.

But this is a great news. Is the first step, hope to see McDonalds or Pizza Hut accepting bitcoin soon. But it would be better to see some alts there, that way we can save nice money paying low fees.

+1 for KFC  Grin
7198  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Turning my 50 USD into 25,000 USD? on: January 11, 2018, 06:48:35 PM
Okay, I know this sounds impossible but it'll look like this:

 Put 50 bucks on a x5 coin on short term sell when the investment hits  250 USD 

 Long term HODL your 250 buck on a x100 coin (better if U find a newly dumped ICO)

 Take your 25,000 and enjoy!



Is this a possible strategy guys?

Yes it is, but you need time, lot of time. Once a guy say, i know the secret to be millionaire with bitcoin, just buy, hold 5 years, done. But damn 5 years is a long wait, but look at the btc price 5 years ago and it was $25, now the peice is $13800, x10 would be $250, x100 = $2500, so, it hit a lil more than x500.

So, now you know it is possible, the question is, how long you will hold them, because looks like while more time people hold, better is the profit. This is just about time.
7199  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it a bubble or just new money?? on: January 11, 2018, 06:35:05 PM
I think is both of them, is new money for sure, we can see that 200 billion market as real money, but at the same time is a bubble. And a bubble who haven't hit the top yet, i think it will keep growing this year, but in the next years, at some point the price will crash. And people will be crying calling bitcoin a bubble and a scam, but they don't see the chance to make millions was a couple of years ago, when you could buy for a lil more than $200 each btc.

Now is crazy to see how people spend in btc when they was at $19,000 and they expect to get profit soon, for them the bubble already breaks, and now they are in a -30%  Undecided
7200  Bitcoin / Bitcoin Discussion / Re: Major benefit of bitcoin? on: January 11, 2018, 06:16:13 PM
I can answer my question by saying that bitcoin has what others don't and that's being the pioneer in the crypto markets. Which is why everything is priced in bitcoin But really....what does bitcoin do better that any other alt? What's the intrinsic value of bitcoin that I can't get with other alt? Transaction fees? No. Fast network? No. scalability? No. A functional product? No. Full anonymity? No. Descentralización? No. So? The markets are priced in bitcoin, and being that base of value is pretty important, but...is that it?

Do you remember the name for the second astronaut who go to the moon? or the second place where a clear plant fail? or the... i think you get the point. Bitcoin isn't better than other coins, it was just the first, the one who opens a new door to the markets.

But i'm agree with you, bitcoin now is looking obsolete if we compare it with other alts... pay those big fees to wait 10 minutes for a block, sucks. Or get a transaction stcuk with those other unconfirmed transactions, sucks harder.

So, bitcoin was the first but i think some day other coin will be over btc. and that one will define markets.
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