The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they donīt get ripped-off?
Why would it be the government's responsibility to teach anyone about something it didn't create, doesn't control, and doesn't endorse as a currency or payment eco system? Basic financial education like the obligations of credit and home ownership would not entail education about Bitcoin or cryptocurrency. There's no sinister plot to "keep people ignorant" by the government about crypto, there's just no mandate for that type of thing to be taught because it's not anything the government controls. I dont know why government is being blamed here why people dont even know crpytocurrencies existence. As being said they wont really bother at all to teach or on announcing it to its citizens. They do know on what it is and it cant really be controlled thats why they dont bother at all.In fact they would really oppose and discourage people on using it once it has being discovered. |
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Actually I own a big bag of a certain crypto, that I bought at 0.0005 satoshi and it was worth like 8,18$ at that time.
Now its value is less than 8$ but the satoshi price has increased to 0.0007.
I'm in for the long run, so I wouldn't cash out these on FIAT, but I'd rather re-invest those money on another coin.
My question is if it's profitable to sell now when the satoshi price is higher, or I would go in a loss anyway even if the price is higher in btc price just because the FIAT price is down?
This is entirely depending on which you are up to. If you are basing or targeting on having more satoshis then you would always look out for satoshi price and dont minding on its equivalent to fiat.They are correlated to each other which means decision would vary on whats your target.In most cases i do always love to look on satoshi price which i can able to accumulate on those kind of movement. |
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Every day I see, more and more, post about cloud mining services. So as someone who invested in various cloud mining services back in the day, and still checking out some here and there, I wanted to write a post about that.
As we all know, huge amount of investments is needed for bitcoin mining and with mining difficulty going up, that power is needed to be upgraded or simply discontinued because of the lack of profit.
Now I'll be speaking from my point of view and my experiences with it. I've invested first time, in cloudmining, in CEX.IO service and actually little by little got a ROI after a few months (was also trading Gh/s but they've stopped selling gh/s now due to unprofitability) also I've made ROI with some russian cloud mining service as well (think it's closed down now) and I've barely invested 20-30$ to start with at both.
Today, most are scams simply because bitcoin cloud mining isn't viable because of fees and rising difficulty and hence the whole concept gained bad reputation, even tho there may be some legit ones besides genesis.
I've stopped investing in cloud mining today but still like to check out new services that come out and see what are they offering and how realistic it is. So here's how I throw away some services as scams, that's if they're:
- offering huge ROI for a small investment
- website that has nothing but a dashboard and buying power pages (poorly made)
- is solely mining bitcoin, none of the alt-coins (huge red flag for me)
- offers lifetime contracts (can depend)
- their FAQ is only about how much are they charging and how to deposit (nothing about who/where they are or equipment they're using)
- everything about their business is 100% good, working and just merry.
That's why I tend to trust businesses more that actually discontinue the selling of mining power due to it not being profitable (cex.io) and actually putting a disclaimer about investing that it might not be profitable and should not be considered as a primary source of income (EoBot).
Again, this is not me telling you to go and invest in cloud mining and vice versa, just saying that there still may be some legit ones that are actually focusing on various profitable alt-coins rather than just bitcoin. Do you own research before investing and DO NOT invest more than you can cover.
Any feedback would be appreciated. Thank you.
The problem with most newbies these days is that they think cloud mining is an easy and profitable way of making quick bitcoins. There's a whole lot of youtubers out there that are affiliated with cloud mining networks, and newbies will obviously see their profits and think that it's reliable, passive income. There are defintiely legit and profitable opportunities out there, but they depend on altcoin prices. SHA-256 mining is definitely not that profitable anymore, and that is if you get any profit to start with. And even if you make profit off altcoin mining, it is unlikely that you would have made a lot less from just investing in the altcoin itself. Other than it being a way for newbies to get to know how the business works, I just don't see anyone making a long term profit off just cloud mining. Can't blame them for their lack of knowledge about it. Different individual have different knowledge,skills,attributes,excels and most of all their perspectives, we can say cloud miners are a bunch of idiots they don't know the math yet investing in a large community with so many competitors and no certain possibility you will earn or even profit from it. For me it is risky as fuck. I hope more newbie's would be aware and guided from this scheme and avoid such high risk. If you are just seeking out for altcoin contracts then why would bother on using shady cloud mining websites that do offer those things? Reason is that they do offer much more higher returns on a single day with too good to be true offers which if a newbie will able to see it they are easily being deceived on what is being offered.If you do seek for alts contracts then better go for hash and genesis but same as being advised above never invest on the amount that you can afford to lose.This would really have a high risk on losing money instead of gaining on a short duration of time. |
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Any suggestions on how one may avoid tax or minimise tax on crypto currencies?
This would be entirely depending on how your country or place do impose taxation laws.If they are strict on implementing this then its better not to avoid and follow their regulations if you dont like to suffer problems ahead. If they would able to trace you out on your earnings on cryptocurrencies they better not to insist but rather pay up on what they required but i do believe this is only can be seen on some countries which are strict when it comes to cryptocurrencies but most of the time countries arent put too much focus on this one. |
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Guys Kindly ask for your review and suggestions,
What I like the most is the speed that everything is refreshed/updated.
Suggestion: Upon adding a certain coin to the "favorites" section (at the top), it would be best to automatically remove them from the 2nd table instead (from "All coins" section). It would be much better if it would be shown into another window( I would prefer this way so that the main window showing off coins wont really be replaced ) but this is only just my preference since people do have different choices on the what suits them best. I cant argue on to those people on what they are saying here.I do love the fast load times, user-friendly but one thing questions me about the name site i though it is just eth related. |
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The benefit of signature campaign from bounty hunter side is that they could get a few pieces of coins by helping the promotion of the project.
That's how bounty bounty works and one of the ways a certain project that distribute their tokens at the same time people do promote or make an exposure of their project. Bitcointalk is crazy popular.
Just see how manu posts are being posted per HOUR!
Crazy.
I believe the signature bounties have some good results.
Not all the times that those bounty do give good results but this place is indeed the best way to advertise since this forum do have the traffic when it comes to crypto. |
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Ive read alot about cloud mining and have a small eth/zcash/monero contracts with genesis. I was just wondering if anyone could share some experienced info as most of my contracts are only a few months old and I wanna know if its worth expecting much a return... thanks
About those altcoin contracts if we do base on 1 year duration which is commonly being set by them I do see that you would really gain profits but wont be an assurance for you that it would last until into those days that you reach roi. Genesis is been here for how many years already. This would only be worth if they do offering lifetime contracts but now they do have duration which would really put hesitation for me to invest and come to think of that most cloud mining sites are scams. |
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:)I don't know if this is possible by any one company or organization, and don't know about what the procedure will be to realize this as well. But what do you think about the concept of physical bitcoin? I remember hearing a while back about someone who actually did created a few physical bitcoin. But what about in more public approach, I mean, especially for people who actually want to hold bitcoin for long.  There are really some physical bitcoins being created but not totally having the essence that do act as a legal one or really on circulation since those coins are just good for collection. You would able to find most sellers of it here on this forum specially on digital goods section where you would able to find out people selling it out. I have bought some physical bitcoins too but those bronze one.  |
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As a beginer I dont understend why bitcoin is so hight? I know thet that is sequence of numbers which were calculated by computer. But why people buy and sell it ?
First of all better to construct your grammar first before tending to make post so that public would able to cope up the complete thought of the thing you are asking on here. Hight= High. Answering your question is that bitcoins price or value do depend on the demand and yes bitcoin is just being run by codes but if you would able to understand on what its actual purpose then you will able to realize that it is indeed a great invention being made. |
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Hi Crypto revolutionists! Our analysts believe that altcoins created for the purpose of serving as a p2p currency will sustain and grow the cryptocurrency eco-system, where as crypto tokens created for the use of crowdfunding will eventually halt, slow down and eventually crash the crypto market. What are your views?Sidenote: Tipity is a P2P Altcoin that is a small but hugely important part of the cryptocurrency revolution.
Website: https://tipity.xyz
Whitepaper: https://tipity.xyz/wp-content/uploads/2018/01/Tipity-Whitepaper.pdfI would just like to ask you this, what is altcoin by the way? Which thing are you referring to if you are differentiating it from cryptocoins?. I don't know on what sense is the difference between altcoin and a crypto-token. Please do enlighten me? I have seen the links of that New coin again but I wont bother to read it up until you do answer such questions. |
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also, after my order, they didn't reduce the number of currently available, but I haven't paid yet either...
Nice try to test the site and on that very first thing you can actually say that this service is a totally scam. Even web design is so unprofessional. So I dunno if someone got scammed with this site Exactly  No one knows if someone gotten scammed but for sure they would whine up here on this forum or any places on the net that they are being scammed by the site. This is newly built website and I agree on the fact been said above that no legitimate business would hide themselves into the public that thing already a red flag.If things do hesitates us then its better to ask than to risk on buying. Money is so hard to earned and its not worth to give it easily to scammers  |
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Ive never thought that my first ICO would be like this.
One month ago I registered myself in the WaBi ICO. I looked for an android wallet and, in a really bad election, I chose freewallet. I put the freewallet ETH address in the WaBi token sale and I sent the ETH. When the tokens were given, the problem began. Freewallet.org, didnt support WaBi, "it isnt their fault" I thought and sent them an email, they answered me telling me to wait, so I waited...
Finally WaBi tokens were added to their App but... my tokens didnt show up... my funds were 0!!! WTF?!?! Then, I sent an email again but I got no answer, I sent them some tweets but no answer as well. Finally I wrote my problem in the Play Store and they quickly answered me, telling me to wait... they didnt even ask me what my problem was!!!
I keep telling my problem in the Play Store and they finally listened to me. They tell me to wait some days... but ONE MORE WEEK has gone since that day and they havent answered or solved my issue.
I really need the money now and It looks as they dont care about their customers... I will be reporting all the news from now on here.
pablogarcor, once the support for WABI tokens is added, all new transactions of such tokens will be automatically posted to our users' wallets and available in our Token Wallet app. However, if your transaction was made BEFORE the support of such tokens is enabled, we will need to manually rout it to your account. It takes time and human resources as well. If you've already submitted your transaction details to our support team, your case is in progress. Please provide your user id or a ticket number for us to follow up on the status of it. Looking forward to your reply! Good to read up that theres already response regarding into this matter which is hopefully op did able to read this up. Just as been asked better to report those thing to their support. I was supposed to say that Wabi is indeed a erc20 token which freewallet didn't make some those updates for it to be seen or credited if it done before on such announcement which would really need to be added manually. Hope this issue would resolve soon. |
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i search about this company and i think they are legit and i'm planning to invest on this company, can you please give me some reviews to those who tried this? or what do you think about this company?
For sure most comments you would able to read up here would be against or discouraging you to join up that cloud mining investment and i do completely agree with those words. Talking about genesis mining they do have their own physical or existing farm which can really be considered as legit since they do have the miners to present on and thinking off that they are already operating for how many years already but the BIG question is about the profitability.It wont really be worth of specially they do have contract duration's. |
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Bitcoin isn't really a product itself to market at but should be seen as a currency and a bit of a partial investment due to its price behavior. In marketing, its target market were mostly the businessmen/women that are looking for something to use as an instrument for their trading so they didn't have to travel a lot of miles to trade with their money with a commodity and they just need an internet and a computer to do so. This time, the Bitcoin is now continuing to grow and now expands in the target market of common people that looks for long-term investments, but still doesn't lose its full purpose to make transactions easier to all people buying through online payment.
It isnt really a product for it to have a target market but its rather a digital currency which do target on all people who do recognize it but sadly government do block on such adoption because of the risk involve behind it either on investment terms or taxation things which that caught into their attention.Adoption is increasing but somehow it being slowed down because not all government are really with bitcoins motive which have been state or the purpose of its creator. |
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Token price can fall after ICO dramatically and is is a normal situation, please dont panic and keep calm. The price on ICO can be overstated, and market will show a fair price. But further development of the project it is a key to higher price and financial sucsess for investors.
If you are an investor and do easily panic when you do see sudden price decrease then you are just new into this industry which doesnt even know still on how prices works or moves into this matter. We should keep calm and do believe on the coins we did invest on because if we do invest it does mean we do trust that project from the very first place but depending on how deep we do research on that one. The main thing is not to fear and not to sell on the first day))
Investing always has associated risks attached to it, and will never be risk free. Every investment do have certain risk and we should really put that in mind everytime. |
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I will never get my investments back, because my "lifetime contract" was cut to 1-Year-Contract and I will not reach the minimum withdraw. I will test them and ask, whether they will pay out my profits, when contract will be finished.
This step which makes most investors lose its profitability on where they do remove that lifetime contract which is somehow anticipated because no cloud mining business would really offer lifetime profits.If they wont really do such thing then they would go bankruptcy and as a business owner i wont really let this thing to happen.If its possible better to pull out funds if applicable. |
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Hi all, Has anybody tried Discord coin pumping groups? Is it profitable? I have looked at the below one- they have more than 10.000 members, so I think they can affect the market quite a lot ? So look at this one, and let me know your opinions: https://discord.gg/q3N9795I dont really trust up any of those pump and dump groups no matter how big community they are 10k members doesnt signify that all of them are investors or do tend to buy a certain coin once signals being given.I do believe that most of them are just pure speculator not all are tending to join those signals. Even myself dont trust those things because most of them are just using you up on making profit. |
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My government decide to ban bitcoin because it can damage my local currency flow and for money laundry attempt that my government really against with
But every government have their own policy in order to protect people from bad things.
For who legalize bitcoin doesn't mean that they are not against bitcoin, but they see bitcoin in different side.
In short this thing do really signifies that each country do have different system of government. Decisions would be made on a particular thing specially on bitcoin would really be also different. Some may adopt or consider but most of them will surely ban or prohibit by the use of it because views and opinions would really vary depending on their countries situation or status when it comes to circulation of funds. |
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It seems to have reverted back to original transaction 42981e630fe9561364b167cc8f1025f6464cc0f7da84d01655e7bf2a61d7b56d. 80sat/b
The tag- Removed/DoubleSpending is no longer on btc.com. BTC.com accelerator wants to charge me $72 to accelerate what is essentially a $125 transaction. Why/How are the fees so extortionate?
My original fee is very low, can anyone tell me if I might be better off closing my wallet (stop broadcasting) and hope it drops out of pool.
Or to keep broadcasting for a little longer. Its been 3 days since first broadcast.
rawtx:
0100000002a352bcba097c64acf780e0be74cec32c4e4a9cf5c62e7190b53e3efdc8591a2701000 0006b483045022100d3c1034877515741da262492cb40915a39f1c11a2b890a63d21ff88c124138 4002207573e0390fbd9df19427711a2fbeb842d832357f9daa0a9173563d2648490191012102ed0 a2ee40d7c026e9cc461ec2e4123bc291829d03e28fe817facabbeda81f32affffffff6b64dced73 afb7a3c123829d1c3702b217f6ebff5792f144000bda7d81a9002e000000006a47304402200d89c 6f0fec053bb36554698231ec54d5a4380403b9d73f2e22f7679ff0489390220352fe0737a02af54 6c7203bde9bd80af212a65a688475678d47c81479114381f012103b715bf63907c9b8cee4827c2f 3ab2d0e197c7f089a57e31e508965b10aa2b3ceffffffff01619f1000000000001976a914f76a21 e05d5af5a288c1e352f2ce6e5bf4ae302688ac00000000
Dont use up those tx accelerator which would charge you out those ridiculous fees.If you are not on a rush better not to stress out yourself out or try to read up https://www.reddit.com/r/Electrum/comments/7c3wkt/unconfirmed_parent_double_spend_transaction/ which would potential help you out. Otherwise you can use CPFP (Child Pays For Parent). |
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Is there any suggestions of bitcoin mining sites using my loptop?
Dont bother to do such thing because you would only just burn out your own laptop which would result into more expenses without even getting some satoshis out of it. Mining bitcoin can really be done on using asic miners which there is a dedicated apparatus on that because mining difficulty is already high on bitcoin that even pc or cpu power wont really be enough. You might consider gpu mining instead for mining altcoins if you dont have budget for asics. |
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