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because people realized that the $200 was the lowest it could get, no one is selling and mostly people are accumulating again. so the price is going to go up for now
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the bitcoin price sure had a nice uprising from $270 to $290. if it continues at this rate it would surely break the $300 barrier soon  |
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i don't think faucets "harm" bitcoin. if anything they are a nice help for beginners and newbies to start of their bitcoin journey with a small amount of satoshi to play with and learn.
if you do a survey or a poll topic you'll see a lot of members here started off by using faucets (me included)
The faucets don't really "harm" bitcoin in anyway, but a user who relies too much on faucets would likely face problems in the future as it will create dusts in his or her wallet. Sending less than 0.01 BTC to any recipient — The network considers these small outputs to be “dust,” and discourages them by requiring a fee. If it was not discouraged, someone could take 1.0 BTC, and create 1,000,000 transactions of 0.000001 BTC each, for free, which would clog the network. So, that's one definition of dust. ^ From the Armory client wiki. i don't think any user will rely on faucets for too long. everyone will eventually realize that it is not worth the time spent. and i totally agree with the dust problem, although the problem can be minimized by increasing the withdrawal limit in faucet payment handlers. |
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I am reading several topics of different members in this forum to fill my knowledge about digital coins for last 2 days.
My academic background is Biochemistry but unfortunately I served as banker for 10 years & now I'm a teacher of a poly technique institute. So you can say that I've seen lot of people in my life & read a lot of books & articles in various subjects.
I'm getting extraordinary experiences almost everyday for last 3 months after I have come to the world of cryptocurrencies. It is really remarkable.
I'm quoting from a a legendary member of this forum
"Don't ask for a loan.
Don't "invest" in bitcoin, use bitcoin.
Don't "invest" in anything here! Scams are far more common here than the rare legitimate attempt to try something new.
Bitcoin is just money. It's not here to make us rich or get us out of paying taxes. It's not destined to go to the moon, but it might. It's not going to crash to zero, but this is a social experiment and no one knows the future, so it might.
Lastly, don't listen to people. lol. you are going to see a lot of confident, ignorant opinions here. You would think the future could be predicted? But it can't. Make up your own mind."
So, what you think? Shall I leave this field or without the help of others do everything what my mid says. In the long run become penniless?
like any other public forum, this place is not empty of trolls. hang around, read posts and you'll get the hang of things. and about what you quoted; i gotta say i kinda think the same way. bitcoin is not an "Investment" it is supposed to be like a currency and it is better that you look at it this way. but because of its price and specially the past rise to $1000 made it an investment. |
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I also don't suggest you to start "mining" bitcoin, maybe you can try to "insta-mine" the new altcoins with GPU - CPU and sell them when they will reach a good value (during pump & dump). [/quote] Can you give me more info about insta-mine ? etc ? where to start and what i need ? [/quote] i think by insta mine he means that when a new altcoin is created and introduced to public the first block is mined by the developers and the rewards of that first block are also so much higher than the every other future blocks, and these coins are in possession of a few people which will control the price in the near future. |
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well i bought most of what i could afford at $160 to $200 price when it was at the lowest possible price, so i doubt if i would buy any more with higher price for NOW. and if the price rises as high as $1000 i think i am going to spend my btc on something. but for now i am just earning, trading and holding...
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i don't think faucets "harm" bitcoin. if anything they are a nice help for beginners and newbies to start of their bitcoin journey with a small amount of satoshi to play with and learn.
if you do a survey or a poll topic you'll see a lot of members here started off by using faucets (me included)
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Did you buy something with your bitcoin? If so, what did you buy and where? Did you hodl your bitcoin? i am currently holding the majority of my bitcoin wealth  so not buying or spending any at the moment. but i use a portion of it to buy or better say trade altcoins. Did you earn some bitcoin? If so, how did you do it? partly earned from signature campaigns, faucets, jobforbitcoin, and many more party bought the rest is profit Did you send some bitcoin to a friend? yes! Did you introduce someone new to bitcoin? as i said, yes i introduced my friend the same way i was introduced to bitcoin a while back, set up a wallet for him and gave him some btc to start with. |
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i think the worst thing in the bitcoin scene is the waves after waves of negative news that sprouts every now and then. i am not saying it is going to cause bitcoin to fail but still it is hurtful IMO.
things like bitcoin dying, wallet hacked, people getting robbed,... of course most of them are related to price but still they are gonna hurt.
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IF it somehow goes back below $200, then what do you think will happen:
first of all i don't think it is going to go below $200, but if it does it will definitely jump up way fast and this time it is gonna go past $350 then slow down.
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If bitcoin does what it did in 2011 or 2013 then it's the best time to buy and quite an opportunity as well.
there is a big "IF" that i think is the important part of this statement. personally i think it is not gonna be the same as those years again, at least not anytime soon. at best we are looking at $300 this month nothing fancy |
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Since USD is going up because of oil, and currencies like CAD and EURO are dropping. From now I'm thinking about exchanging BTC to USD, wait until it drops or until CAD catches up and then change it back. Wat y'all think?
i don't think it is a good idea to sell Bitcoin these days unless you are day trading, or need money. since the price is going up and also looking good i doubt you can profit more by dumping BTC |
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Check the buy orders ,Imagine what it'll be like after the halving
what do you mean what it will be like after halving!! bitcoin halving is not going to happen till 2016. according to http://bitcoinclock.com/ there is still 72 weeks left. |
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well, my money is on up too! but the most important question is "WHEN" i think it is gonna stay around $280 for some time for the upcoming days (a bit more accumulation)
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i tried doing arbitrage trading with altcoins but i could't achieve a satisfiable profit, maybe i was doing something wrong. but i realized that i would better stick to simple trading altcoins.
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What people aren't realizing is that if you do become a Millionaire in Bitcoin, the second you cash out you will have to pay a 40% capital gains tax, which will leave you with only $600k. Socialism FTW!
because not all bitcoin users live in the US. the tax laws are different in different countries, so holding bitcoin can make you a millionaire (not that i think it will though). |
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3x 24 hours past and still the price hasn't gone higher than $300. finally the rocket to the moon ran out of steam. but i think it is going to lift up again, but it is gonna stay around this price for some time.
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the Email most probably is sent your "Spam" folder in your email. check that first. besides receiving Email can sometimes take a couple of hours.
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i liked the design of the faucet, it is simple and most importantly the highest paying faucet so far. also the 80% referral is so good for attracting more customers.
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