This is supply and demand, not anymore. When the demand increases too fast in a short time there is a shortage because there is no time to increase production and distribution to compensate the new level of sales. Who will be happier with this is the sellers who will sell more and more expensive.
Just as expected if theres demand then expect for the prices to surge on and same on my country most of graphics card are already sold out on any computer store that I go because of this cryptomining which is really popular in my country.Have you heard about the news that those GPU companies would make a new gpu that are good on mining.This means they do really feel the demand. I have read that NVIDIA is creating two graphics cards designed specifically to mine cryptocoins, they want to enter the market fully because there is a lot of demand and that means better benefits. Well this is how business works on which if they would see that theres a potential on earning huge profits then they will surely jump into it to gain even more because they do observed that demand is increasing on purchased gpu not only on the essence of pc building but also on crypto mining which have more demand than on tradition purpose of it that is why they decide to make a new gpu which is designed for mining.Expect this one would be expensive compared on traditional ones. |
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Yeah its down for everybody,i would really like to post on this thread and it seems there someone who did already. You are not alone and its down hope it would be fixed soon. |
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This is supply and demand, not anymore. When the demand increases too fast in a short time there is a shortage because there is no time to increase production and distribution to compensate the new level of sales. Who will be happier with this is the sellers who will sell more and more expensive.
Just as expected if theres demand then expect for the prices to surge on and same on my country most of graphics card are already sold out on any computer store that I go because of this cryptomining which is really popular in my country.Have you heard about the news that those GPU companies would make a new gpu that are good on mining.This means they do really feel the demand. |
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LOL
one year of study and then you invest only 0.003 BTC?
Well, in fairness, it was just a test to see how I could predict the movement of the market, and as I said I'm gathering capital to invest in my own fund  Study =/= investment I would really say that you would really have a hard time on gaining trust on this forum since the projected amount of fund you plan is really big.If I were you since you do trust your skills on doing trading then its much better to seek out offline lending firms and would take a loan and would fund your trading account since you know how to make it big then you can easily repay the loan.Good luck |
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I'm back! Sorry all, I didn't seem to get any initial feedback (which is understandable as I had no previous posts) so forgot about checking back up on it and randomly remembered today. Super happy that you all approve! On reddit it also went down a treat which I'm really chuffed at. As a web developer I don't really know enough to get involved with a lot of the crypto type dev so its nice to be able to give back to the community in my own way. I am trying to keep it extra clean and relevant so do try and carry out some spam detection. Hopefully this will keep the news quality as high as possible  If you have any constructive feedback or feature requests please do let me know. Thanks again Hi, I just did visit the site and this one shows:  No content at all and I do have fast internet connection and updated browser. I like the color combination. Hearing from you soon. |
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The idea is obvious: raise funds in an ICO and use them in a property buy-to-rent scheme, sharing the profit from rent using the rent money to buy back the crypto asset. Then ultimately reselling the property on the market if majority of investors votes so, and buying back the remaining coins.
The obvious problem is the trust issue: legally the property belongs to the coin issuer, (s)he could just run away with the money. But that would be the risk associated with any kind of crowdfunding, wouldn't it ?
Has anyone tried doing it? How did it go? What are the potential or real issues?
There are some quiet similar post regarding on crowdfunding for real estate business but I think they do all failed or didn't tend to continue their plans because of lacking interest on the public or possible investors.Yes, trust would really be the main issue and as you mentioned there would really be chaos on where those properties would be named.There are lots of factors need to be arranged on this kind of stuff. But as we see OP is currently using an newbie account and we can't truly determine by that if he is legit or not and our money will be on hazard if we trust it immediately without knowing on what is in the back of his head. But actually this idea is good but the problem here is people see some various type of scamming modus here and surely he would struggle to find those decent investor that can help here project. I got your point because posting it on a newbie account will make the things more difficult for him because possible investors would really think twice first before they will put up money because they cant easily trust a newbie account announcing about real estate business with crypto. Project plan is really ideal and really be profitable but searching for partners on here would be really hard in my view. Well if anyone would like to build some project like this then they should find some offline partnership and not to ask funds online since its so shaddy to see some people for asking some funds just for the sake of whatsocalled business. But seems OP doesn't have any reply onhere so maybe i conclude that this asking project is scam and nothing good intention to see on this post. Seeking out a loan on community would be still possible but he should really project his plans well detailed and very convincing that investors would see that they would really able to earn money and also the assurance we can get if we decide to put up money on this investment. This kind of request or crowdfunding would be senseless. |
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Yes you are right, there are lots of lCOs that have no intention of scamming but picking the right ones out is difficult. Personally, I do not do ICOs as I see no need for them. If someone believes in their altcoin then they should not need to premine and should not need ICOs
x
I agree, there are ICO's which dont tend to scam and do have really a serious project but the really main problem here on selecting which is promising and we know its not easy specially when you are a complete newbie on this field.If you are really interested on joining ico then better to know the basics and even the recommended things that should be considered first before jumping in. |
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Poloniex is the cheapest right now but I don't think they will remain cheapest in future. They might soon renew their fee structure because of huge surge in bitcoin price. They can't put fee from their pocket so definitely they will increase their fee but I hope it will not be ridiculous like others have.
I'm hoping that they wont increase their fees too just like others but still understandable if they would really implement it considering on the current situation of bitcoin. For op as been said by most people here, poloniex does have the better bitcoin withdrawal fees.I don't know if they do patch up fees for themselves since those amount of fees does really make slow confirmations. |
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Why would people use those unknown or unpopular wallets ? Since there are lots of choices on make use of online wallet even those reputable ones aren't too trusted because chances of getting scammed is still there. Sorry for those users who lost up money on using that wallet that would really be painful but this is just really a consequence of being careless. |
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Been a while since I've played with bitcoin. Tried the electrum client out recently, kind of nice. I tried experimenting with some old wallet with 1mbtc in it, sweeping it and moving to a electrum address. I was a bit stunned to see the fee is roughly 0.6mbtc, so I only get 0.4 mbtc left Is this typical? What happened to the days of 0.1mbtc (or less) fees?
You are not yet informed When you get used to those fees back in the past then forget it already since fees do increase as of now but well you can easily adjust it but remember to stick on the standard fee if you don't really like to wait for too long.Even myself was got shocked when theres sudden price increase on fees lately even can hardly believe it that this is happening to bitcoin. |
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Still no one on the dev team considers this an issue?
I have sent multiple $20 transactions all with high fee ALONG WITH high confirm times..
Blockchain.info now has 2 different fee modes to send, both of which are high.
Ethereum will take over Bitcoin if this keeps up.
yeah ethereum the best way for make a transaction for right now. its only about 2-3 minutes. I wouldn't argue with this since I experience the fast confirmation of ETH transactions I can say that its a lot way better than on the current state of bitcoin, there might people who do use ETH as of now over bitcoin but we cant really remove that people do always love bitcoin inspite of its problem regarding on high fees.I don't know on whats ahead on bitcoin path if this would continue. $2 fee is already average as of now I guess. |
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I noticed this unknown transaction from my wallet: https://blockchain.info/tx/8ddb65817b8e64e9f077eff82eb93dfcedf401a78f796d496d8f2f57db003a08I did not make this transaction and I don't know how could someone access my wallet when I get a confirmation link everytime I login to my wallet. I did not even install any unconfirmed software. I am now sure that blockchain is unsafe and I need to use another wallet which is more secure fo my coins. I lost 0.057 because of this which is my hard earned money. Can anyone trace this wallet? Ive been using blockchain wallet since in the past and even stored up huge sums for about max of 2 btc and seeing on the situation seems like you email got compromised because its really impossible for a hacker to get inside the wallet if the email verification would be needed this is also acts up 2fa,Sorry for your loss and I do feel it when we lost money came from our hardwork.My advice to you is change first the password of your email and if you suspect that your pc is infected on some virus or what then better clean it off. |
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What basically you are asking is a loan which you camouflage as investment.
Why cannot you tell us more about your business in public instead of Private Message and be transparent about your identity so that someone can really trust you ?
Its possible that this asking for money would really serve as a loan rather than on investment alone.If he does that on sending Private message I think it would really be a waste of time compare on telling it to public since he doesn't know whos a potential investor or not. This would really be a really hard request information given on its business doesn't make sure that he owns that or not until he shows some strong proofs. Be careful on this one. |
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I used to do this back when the fees were just a couple of cents, that was also around the time some major exchanges got hacked, after Gox though.
Now I usually just leave my principal on the exchange and withdraw any profits if they're large enough to warrant the fees for making a withdraw.
This is what I do back in the past I do really withdraw all the money I have principal+profits anytime when I do make trading because I do really want to secure them and I don't trust exchange wallet and for some other situation regarding on their policies and I'm afraid to compromise those coins but now its impossible thing to do seeing on the fees. |
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Do any body know the exact reason for fall of bitcoin price? It has almost fallen $500 in the past three days.Any specific reason?
People or Bitcoin holder or Traders are now taking profits and at the same time there are instances that people do panic sell when they saw the price is falling down again. Its really ridiculous to think off that price drops for about $500 in a matter of 2 days as far as I remember which we can really say that anytime price really do fall or rise in a matter of short time.We should really not forget the volatility of bitcoin. |
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If you want to create one, go ahead, but it will not be easy as there are plenty of similar and established sites out there. For example, Crypto-net and Themerkle, they do have a lot of articles and other content on the site, so you may take them for references. I recommend you to collaborate with other writers/people with similar startup interest to make it easier^. I personally like 99Bitcoins also as they have lots of educational videos which helped me, so you can look towards that too. I'd be happy to provide feedback if your site is successful, wish you luck! You are right there are lots of blogsite which do focused on crypto and other related things just as you mentioned Cryptonews do already have that and I do really read some news regarding on the current happenings on crypto land.Creating a new blog wont really be bad but it would be a tough way for you depending on how you gonna attract traffic on the site.There are lots of references about cryptocurrencies. |
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Thanks for the reminders and as I have read on the name of the site it shows bitmain which we do know a reputable company do offer or sell miners either asics or on altcoin but I would really say that this blog has no connections on it. Giga watt miner? Anything on cloud isn't the thing who do I trust.Ive done on cloud mining on whatsoever on this field.
There were a few out there, based on the fact that they realized that mining with the hardware they had was not profitable, so they tried to increase revenue by renting the use of the hardware. Even those do not last long because they cannot keep long term clients. I haven't heard of any minning site which paid in the long term. Yes, I have known some people who do offer such kind of service but most of them do fail and as you said they cant sustain for longer basis which mining difficulty increase at the same time the cost of maintenance on running those miners.We do know as the time goes by miners gets out dated which means it wont really profitable already. For the most part, any easy to mine coin is in the potential stage. Once that potential begins to manifest is when the minig diff will shoot up and quick most of the time. Well this is just he basic part when it comes to a newly launched crypto or coin. yes its really easy to mine a coin on its earliest days and as if people will mine it day by day difficulty does really increase. |
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The only thing I can think of is trading physically with both the buyer and seller face to face.
Buyer pays cash and seller sends the BTC instantly in front of him. If you want buyers who will accept cash and sell you personally, localbitcoins is a perfect place to hunt for. Other than localbitcoins, here in this forum also you may find your country folks through currency exchange board.
This is the nearest possible way if you do make transactions,peer to peer would be the best way if you don't like to use paypal and as you said localbitcoins would be the best place for this one.It would be an advantage for you if there are people who resides near on you to make transactions.If you don't like paypal then better to use other service and at the same time on make use of escrow. |
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I live in Sweden and electricity here cost about $0.15/kwh. I always loved Asia, not just China. But I have a lot of friends in China who I could ask for help. I need some quick income, so investing about $25k in 20 or so miners and stay in China for 3-5 years would do me better than staying where I am now and earning about $35k a year.
Seeing on the rate of your electricity its quiet expensive to do mining which would roi will be longer than expected,Go ahead as long you do have the proper plans since its your money,just remember on the important things on doing mining and also moving to another country is quiet hassle but you do have friends their then it would be really an advantage for you. Goodluck |
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Electricity in China is similar to other developed countries. The price varies based on location and how the power was generated. It is not 3-4 cents all in across the whole country, if you live in an area with coal (which is still Chinas primary energy source) you wont pay less than 6-7 cents. Do your research if you are serious about moving there.
yeah in fact there are place like in washington where the electricity is cheaper than china, i heard about 2 cent electricity there, there is no need to go in chian if you live in the USA still gpu mining is more profitable, because one 1070 can do $300 a month and cost nothing in electricity only 120 watt, one antminer $400, but consume 1400 watt, and an antminer cost 4 times one 1070... It will depend on OP's interest if he would rather think to switch to GPU from asics and the difference among their prices is really high. If he would like to mine btc then asic would really be needed and moving to china because of electricity cost I think it would not be sensible at all there are lots of places which could able to equal those rates. Proper research would help you out and its not necessary to move out on other place. |
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