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761  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: cloud mining or signature campaigns? on: December 21, 2017, 03:20:10 AM
Which is the best and most trusted? Cloud mining or signature campaigns?

I don't think they are comparable because one is passive and another is active income. The first one needs money so that you can earn while in another one there is no money involve but it requires effort so that you could earn. But if I chose between the two for the most trusted then it would be signature campaign especially those that are manage by reputable managers because there is almost a guarantee that they will pay you while in cloud mining there is no guarantee that you will be able to receive something especially if you join those HYIP cloud mining sites.
762  Economy / Trading Discussion / Re: How To Make Money From The Bitcoin Crash on: December 21, 2017, 03:09:37 AM
Hi everyone,

I am not interested in trying to guess when BTC crashes, everyone knows it will one day, I want to figure out how to make money from the crash.

Any ideas?



If you don't want to lose your money in the crash then you just have to convert to fiat now because in that way you are at least secured that you have the money and then buy back lower. You can also short but then it is not advisable to the newbies who are just learning the market because it can easily wipe out your account if you will not be careful.

I have observe that Bitcoin Cash moves the opposite way with bitcoin so maybe you can buy some bitcoin cash too when bitcoin is making a downtrend but eventually it would go down as well so the safest way would be to just cash out temporarily and if you can see that the market is moving sideways then it may be a warning that the reversal of a trend is incoming so you should be ready for the signs.
763  Economy / Economics / Re: Cryptocurrency as our Fiat on: December 21, 2017, 02:51:35 AM
Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?

Maybe there would be at some point when cryptocurrency will be use as fiat currency but I can't imagine it to be happening sooner because technology is needed when it comes to dealing with cryptocurrencies. It may look like people are already in advance technology and it seems that everyone has smartphone whatsoever but if we look at the status of the world as a whole, there are still so many people who are very behind in terms of technology because they even lack the basic necessities such as water and electricity. It would be hard for them to use an electric money if they don't even have electricity.
764  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Cash Reaches $9500 On GDAX. on: December 20, 2017, 03:33:05 AM
Well with crypto anything is possible. Bitcoin Cash reaching $9,500 may just be a hype and now it stabilizes around $3k - $4k. Along with the increase in bitcoin cash is the crash of bitcoin for a time to around $14k and now it is slowly climbing and at $17k. What a roller coaster ride it is in crypto world. Some may become millionaires in just minutes because of this flash crashes. Recently, Neo also crash in Bitfinex and those who were able to pick up some when it is cheap are just lucky. Because of Bitcoin's problem in transaction fee, some people do consider Bitcoin Cash that's why it is slowly climbing as well.
765  Bitcoin / Press / Re: [2017-12-19] Youbit Exchange Files For Bankruptcy on: December 20, 2017, 03:00:54 AM
There's a lot of exchange being hacked that's why it would be good to never just leave your coins in an exchange because of this possibility. Those who experienced Mt. Gox are very careful when it comes to dealing with exchanges but there are still many people who are leaving a bulk of their coins to the exchanges thinking it is secure.

Bitfinex has been hacked last year but thankfully they were able to recover but it is a different story for Youbit because they weren't able to get back to its feet and end up filing bankruptcy. This is the sad truth when there are hackers lurking around waiting for its opportunity to attack that's why we should always have security when dealing with our funds.
766  Economy / Trading Discussion / Re: Trading Platform on: December 20, 2017, 02:47:19 AM
I want to buy some alts, can you suggest good trading platform, which allows to begin trade with small amounts of ether without verification?.(verification need too much time)
I found hitbtc.com but "ETH deposits are temporarily unavailable due to technical maintenance"

I am using etherdelta for buying coins. They don't need verification and you just need to import your account to the site and then deposit some ether and then buy some coins. It is a decentralized exchange so you directly buy from the traders who are selling their coins. You have to be careful though when you input the amount because there are times when you miss one zero and then instead of buying a coin at a cheap price, you end up paying for it 10x or 100x of it.

You need to set a higher gas though because ethereum network is clogged because of cryptokitties so if you want for your transaction to get through immediately, you need to pay higher fee. Most of the time, those ERC 20 tokens are first listed in etherdelta and then later on be listed in big exchanges so it would be your chance to buy coins at a cheap price.
767  Economy / Economics / Re: Is Bitcoin Volatility A Bad Thing? on: December 20, 2017, 02:29:21 AM
I don't think that's bad but then it would be hard for businesses to value something if the price is not stable because most of the business is still base on fiat and due to its high volatility, the business owners will be uncertain if they will be in profit or at a loss at the end of the day. If the price is stable then a fix price to the products like in Amazon would not be a problem but then the high volatility would be a disadvantage because if they implement bitcoin payment then they need to convert every time someone paid them coin to secure profit and the conversion may be quite expensive for them which would end up to a smaller profit than just exclusively paying fiat for the transactions.
768  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can bitcoin cash surpass bitcoin in the future? on: December 20, 2017, 02:08:33 AM
As we can see the price of BTC & BCH, the price of BCC is continuing to increase while the price of BTC is decreasing..

With a better features than BTC, can bitcoin cash meet the same price as the bitcoin have now in the future? Or can BCH can surpass BTC since many are selling their BTC and investing in BCH already?

Share your opinions..

Yes there is always the possibility that Bitcoin Cash can surpass bitcoin or any other altcoin for that matter. It would be base on what coin will the community support and have faith. Bitcoin Cash is getting attention now and there is a rumor that it will be added to coinbase so the demand to it will go up. It has a low fee compared to bitcoin so people might think and transferring some of their funds to other altcoin in which the fees are cheap. Bitcoin has been the number cryptocurrency but there is the possibility another coin will take its throne because of some of its problems like high transaction fee and slow confirmation time.
769  Economy / Economics / Re: Privacy of bitcoin transaction holders? on: December 19, 2017, 02:44:15 AM
Bitcoin holders to some extent has anonymity than having accounts in bank do because in bitcoin, there is no need to disclose names when sending and receiving money while in banks, names are required in order for the transaction to get through because there would be confirmation from both sides, the sending and recipient banks.

However, there would be cases when bitcoin holders can still be known if they registered in exchanges because most of the time it is the only gateway to enter the cryptoworld and the local exchanges has all the information because they require verification documents when dealing with fiat money and the government can just easily ask for the information and amount transacted if they will have enough reason to do so.
770  Bitcoin / Press / Re: [2017-12-18] More Firms Entering the Bitcoin Market See Stocks Soar on: December 19, 2017, 02:24:05 AM
People who are doubtful of bitcoin would go to the regulated ones because they are feeling secured knowing that these companies are registered so in case they have problems with their investment, they would just go to the company and/or government to settle whatever issues they have and this is what the cryptocurrencies are lacking due to it being decentralized.

Bitcoin is an attractive investment but due to the fact that it is unregulated, people would just invest in stocks related to it and we can see the result of it making those stock prices sky rocket. These are good investments now because bitcoin is sky high but what if bitcoin starts its downtrend? Stock prices of these companies then would slowly go the floor.
771  Economy / Service Discussion / Re: I wanna do Signature Campaign, Which Sig Campaign Will be best for Jr? on: December 19, 2017, 02:00:59 AM
If you are looking for a campaign, you can check here at this thread https://bitcointalk.org/index.php?topic=615953.0 .You can find there a campaign that are accepting a jr. member like us.

There are so many people waiting for the signature campaign paying in bitcoin so if you want to be updated to the latest signature campaign available you can check in the services section because it's the board that the signature campaign managers are posting when they are looking for campaign participants. You have to be fast though because within just minutes, there are already many applicants. This is the link. https://bitcointalk.org/index.php?board=52.0

If you cannot find a signature campaign paying in bitcoin, you can try in alternative section. There are so many bounty campaigns out there and you just have to choose what campaign you want to participate in whether it's signature campaign, social media campaign and others. Most of them pay though after their ICO which may take a month or few months before you receive your pay. This is the link. https://bitcointalk.org/index.php?board=238.0
772  Alternate cryptocurrencies / Altcoin Discussion / Re: Crazy ICO or Crazy Me? on: December 19, 2017, 01:45:30 AM
I was looking to purchase an ICO at a discount.  The more I look into different offers, the more I see that things may be a scam- similar websites, over seas, similar advertisements.  It seems easy to raise millions.  In fact, now every ICO to me looks like a scam.  I don't want to miss out, but of course don't want to be scammed.

Has anyone noticed the same?  Has anyone invested money in an ICO and actually received valuable coins out of it?  If so, which website help you find it?

Due to the proliferation of Initial Coin Offerings, it is hard to determine which ones are scam and which ones are not. In every investment you make, there is always an inherent risk that you will not be able to get back what you invested that's why there is always the advise of invest only what you can afford to lose. Investing in ICOs are quite risky but the rewards you would be able to reap when the project is successful would make you believe that it is worth it but then the problem is to determine what projects are worth investing to.

You wouldn't know the future that's why you should take the risk of investing on it with the hope that it will give you a valuable return in the future. Those who invested in ETH and Neo in their ICOs are very happy now.

Check this thread for those ICO sources. https://bitcointalk.org/index.php?topic=2372397.0
773  Bitcoin / Legal / Re: Legalizing Bitcoin on: December 19, 2017, 01:16:10 AM
Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?

Some government opt to make cryptocurrencies illegal in their country because they do not like the nature of it being anonymous which would make it easier for those people who has illegal intentions to carry out what they are planning to do. Though it is hard to track the people who uses such coins but then the government can still have a way to know the people behind it by just having an access to the exchanges the people are using to buy or sell the cryptocurrencies.

The government can just require its local exchanges to pay them taxes or even ask them the names of the people who has funds in their accounts because these exchanges are still registered under the government. The exchanges can still contest what are the information they can disclose or not depending on what laws are applicable. People can still chose not be known though by storing their coins in their wallet and not on the local exchanges.
774  Economy / Economics / Re: Who is behind the inflating value of Bitcoin? on: December 18, 2017, 02:30:18 AM
A lot of new money is coming in because of the hype. There are so many new users in various platforms because they wanted to be part of the people who holds bitcoin. Media has been constantly talking about bitcoin resulting to many investors being attracted to invest on it even though they don't even know what bitcoin is all about and for those who are skeptic about it, just trash talk and calling it a scam, bubble, unregulated and terrorist money. They immediately judge without even knowing what it is which is just natural about people.

Bitcoin is new and since it has folded multiple times in this year alone, a lot has been encouraged to invest that's why it went ballistic. However, there are still some people who are still very doubtful about it. They just want to stay in their comfort zone like investing in stocks and mutual funds but then some of them say something bad about bitcoin to encourage others not to invest on it. I just think that they are just bitter not being able to invest early.
775  Economy / Trading Discussion / Re: Is trading Bitcoin and other alts still profitable? on: December 18, 2017, 02:00:29 AM
I was a trader awhile back, I want to say about a year ago now and wanted to know what the current state of the market is for the traders that are currently trading to this day? I know a lot of the current exchanges that I used for trading, such as Poloniex, are still around but aren't really being used much as before.

I wasn't able to profit much but would like to hear how people are doing these days. Thanks a ton!

Of course they are still profitable but a lot of newbies have entered the market that's why more often than not they are getting rekt because they just immediately started aiming to gain lots of money and having the fear of missing out when the coin is already hyped which would result on them being dumped upon. This maybe the situation before when you are trading and it is still the situation now because people just don't change.

Nowadays, Bittrex is more famous than Poloniex but there are already other exchanges that are building up some volume like Binance. Bittrex has been lenient in the users before but now, they are more strict and you need to be verified to have a withdrawal from your account. You can still use Poloniex though without sending verification documents as long as your withdrawal is below $2,000 daily.
776  Bitcoin / Bitcoin Discussion / Re: 1,000 People Own 40 Percent of Bitcoin Market on: December 18, 2017, 01:41:25 AM
1,000 People Own 40 Percent of Bitcoin Market
Easy to understand why the price is volatile. Could collapse soon or rise really really high in the next 5 years.

This is the reality that is why the small investors are at a disadvantage at times when the whales move. What we, small investors can do about it is to at least have some clue of the whales activity because in this way, we can act upon their move and be able to move in sync with them. According to the article, it is not illegal for the whales to collude to manipulate the market because bitcoin is not a security that's why they can freely do what they want but then if ever they do discuss and work together like sell a bulk of coins then there are many willing buyers ready to grab some at the bottom that's why bitcoin may not collapse.
777  Bitcoin / Press / Re: [2015-12-17] The Most Pointless Cryptocurrency Tokens Ever Invented on: December 18, 2017, 12:55:35 AM
There are so many ERC20 tokens out there that it is hard to determine what projects are real and what is not. Some of the purpose stated in their whitepaper are just non-sense that you wouldn't think someone would invest on them but it turns out, they still raised something in their ICO. Some of those projects have no real purpose and just plainly say to those investors to give their money to them without expecting anything in return. These projects maybe would just be a pump and dump coin. Looking at etherdelta site, there are so many of them and their names are just no-brainer.
778  Economy / Trading Discussion / Re: How do you Measure Profit on: December 17, 2017, 01:50:29 AM
When trading altcoin on exchanges, most people buy alts with bitcoin(Or lets just say they do).

Now with the bitcoin value rising so high, obviously the alts are comparatively at very low in terms of bitcoin invested.

Lets suppose when invested a certain alt was at 1 dollar, and now it is at 5 dollars. That is a huge profit percentage and perfect time to cash in, BUT its value in bitcoin is still less than the value you bought it for months ago.

What do you do now?


It is sure confusing at first when you are in profit in terms of dollar but you are at a loss in terms of number of bitcoin. For me, I measure my profit in bitcoin because my intention is to make more bitcoin. I disregard the dollar value because I am positive that in the future it will go up. If I just think of just sticking to bitcoin and not buy any altcoin then I would have more money compared to buying an altcoin in which its bitcoin value go down so I would have lesser amount of bitcoin and in return, a lesser amount of dollar.

But then it would depend on the person how he will measure its profit because maybe his intention is to have more dollars so even if the amount of bitcoin goes down but his dollar value goes up then he is still in profit. It depends on the point of view of the person because what if he doesn't intend to trade with bitcoin but with altcoin vs. fiat so it is just right to measure the profit with the base currency he is trading and in this case it is fiat.
779  Economy / Economics / Re: Bitcoin Can Be A Savior! on: December 17, 2017, 01:31:10 AM
With what is happening in hyper-inflationary economy wherein fiat money has almost no value anymore, bitcoin is a big help because it would be more valuable than the fiat. As an excerpt from the news: https://cointelegraph.com/news/adoption-of-bitcoin-picking-up-speed-in-venezuela-called-lifesaving-currency

Quote
Bitcoin is now becoming a constant part of many Venezuelans’ everyday life.

Whether they’re buying food, plane tickets, or even paying employees, Bitcoin is now a common mode of payment for Venezuelans. Frankly, many people in the country rely on cryptocurrencies for survival.

It seems that Venezuela just show the world what is the real use of bitcoin and not just for speculative purposes. Their government screw up that's why it is happening to their country. Bitcoin is a savior indeed!
780  Bitcoin / Press / [2017-12-16] Bitcoin is "Lifesaving" Currency in Venezuela on: December 16, 2017, 04:33:41 AM
Bitcoin is now becoming a constant part of many Venezuelans’ everyday life.

Whether they’re buying food, plane tickets, or even paying employees, Bitcoin is now a common mode of payment for Venezuelans. Frankly, many people in the country rely on cryptocurrencies for survival.

Survival of fittest
Venezuela’s hyperinflation has rendered the national currency, the Bolivar, nearly worthless. Thousands of ordinary people have begun turning to the world of cryptocurrency to salvage what little value remains in their savings..

One Venezuelan, John Villar, knows the struggle of having a his national currency become worthless, so he sticks with Bitcoin for all of his transactions. He said that his situation, choosing digital currency is not a matter of politics but of survival. Bitcoin transactions are relatively swift for anyone with a smartphone: Websites like LocalBitcoin and Colibit function as exchanges where Venezuelans can buy and sell bitcoins using a local bank account.

Government’s move
Cryptocurrencies have become so fashionable that even President Nicolas Maduro has proposed a government-backed version called the Petro. Members of his administration have met with Venezuelan Bitcoin entrepreneurs to determine how such a currency might work. Though few details have been released, many in the Bitcoin world have responded skeptically to the idea. It seems unlikely that Venezuelans will trust a digital currency issued by a government they have little faith in.

In Venezuela, the so-called "crisis currency" is allowing desperate Venezuelans to make potentially life-saving purchases.

Villar had been unable to find several of the medications needed to treat his wife's multiple sclerosis in Venezuela for the last two years, a story not uncommon in a country whose public health system has been crippled by shortages. Instead, he purchased them abroad with Bitcoin and used courier services to deliver them to Venezuela.

Authorities have largely permitted trading of Bitcoin in Venezuela, though they have heavily fined and detained people who attempt to mine the digital currency. For Villar, the stakes are especially high, and not just for his business. An engineer who once ran a biometrics enterprise, he is staking his financial future on the development of a game involving an alternative cryptocurrency called PepeCash.

A dozen employees operate from a small office filled with computers in an industrial community east of the capital. All receive part of their salary in Bitcoin. His wife, also an engineer, is now largely bound to a wheelchair.

"At this moment, I don't have a single bolivar."

Ambassadors from other digital currency projects, such as Dash, have been trying to familiarize Venezuelans with an array of cryptocurrencies. Earlier this fall, Dash sponsored 12 free conferences in the country in order to raise awareness.

Source: https://cointelegraph.com/news/adoption-of-bitcoin-picking-up-speed-in-venezuela-called-lifesaving-currency
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