Hey peeps, Green here. I am currently in need of a dedicated graphic artist, for the various projects I am associated with that require additional graphic media. I will be referring you to these projects as an independent agent; however I will be negotiating your compensation with each project. for most of these assignments, your salary will be a combination of the native coin/token, and some ETH. However, there will be a few projects where only tokens or coins are offered. To apply, please send me a pm with your portfolio/samples of your work, and your Linkedin if you have one. If not, a resume will suffice. Please, be decent. And thank you in advance! I look forward to hearing from you  |
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Bitcoin wallets can be hacked but the bitcoin network itself cannot be hacked not now but maybe sometime in the future, there could be a way to exploit the network and maybe steal some bitcoins.
honestly, bitcoin wallets arent getting hacked one bit (not real ones at least. there has been a long time since there was a major flaw in wallet code (this has happened before however, with the bockchain wallet and a few random app wallets). typically if a wallet gets compromised, its due to a fault in user security. so the phrase "bitcoin cant be hacked" is pretty accurate in my opinion, despite the OPs argument. also, you have to be pretty damned dim to have heard of bitcoin being "unhackable", yet missed the news of all the exchange hacks that plagued the space for the last few years. and you certainly arent going to be able to hack the protocol itself. its simply to expensive to attack, and too well reviewed to crack. maybe people that dont understand this; should stay away from bitcoin. it may be a bit too hard LOL |
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Ever since Bitcoin has become more recognized as possibly being the new currency of the world, it has been under major attack in the media. Just because criminals decide to use Bitcoin to do their "dirty work" does not mean that Bitcoin itself is the bad guy. The same argument could also be made about guns, it is not the guns fault that criminals decide to use it in order to commit crimes. The media is constantly pumping out news about how dangerous Bitcoin is. Where was the media when Pablo Escobar became the first billion dollar drug lord using fiat currency? I also don't remember the media coming down hard on the dollar when El Chapo established his empire as the second most powerful drug lord. Bitcoin did not cause these guys to commit crimes. Bitcoin did not make them do it.
When will the media back off on their attacks and stop blaming Bitcoin as the problem?
when there is something more interesting to talk about that is non Trumpian  we have our news cycles too, dont fret. it just makes for an interesting tagline to say that "this crime was committed with bitcoin!". right now, the focus on the criminal aspect is starting to fade away. more folks are interested in all this crazy quick price gain, and what the bankers have to say about bitcoin. it would take a bigly hack, or a huge ICO scam, to cut through all that noise. if the media admitted that fiat was better for remaining anon than crypto was, then they wouldnt be able to write sensational stories about bitcoin crimes  |
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What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?
If I only had a .1, this is still a no brainer. you cant put money over people; that money will sit sour in your pocket, while you think about what you traded for it. bitcoin is perfect for receiving funds anon; the issue is when you want to spend those coins. anything besides a p2p transaction for cash is going to involve a bit of kyc. and the coins are marked, you are running a risk if they touch any account that you have associated with, even in the past. id rather take cash tbh. way cleaner and easier to launder. |
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An increasing number of retailers (mainly online) are starting to accept bitcoins. But is there any actual research to show accepting bitcoins increases sale of goods. A good example would be a very stable company that makes $10k revenue per month accepting bitcoins and the next month they make $14k. This would show accepting bitcoins increased sales by 40%.
As a bonus, the research could also show if there is a bigger increase in sales for online retailers compared to physical retailers accepting bitcoins. This could encourage more stores to accept bitcoins.
i dont think that there is that much research out there concerning this, and what is out there is vague and dated. but I can think of one example however without having hard numbers: the Gyft mobile giftcard app. They were one of the few ways that you could spend bitcoin to buy consumer items (they had alot of restaurants and popular services) back in the early days of bitcoin. everyone that had bitcoin used them at some point; im pretty sure if they held, they made a small fortune. no way to check this though, I dont remember anyone reporting on this. |
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Yes why not, you just have to dream and believe to success. Take every opportunity, when the bitcoins takes it very low point buy it. Just make sure you have patients to wait till the moment that you earn big profit of what you seed.
dreams are beautiful things, but they cant replace a 20+ percent loss if you liquidated during the lurch  most of us dont have the brevity to sit on the large amounts of money required for bitcoin investing at this price level. hence, people need liquidity for the odd emergency or bill. i agree with buying dips, but I am talking dips on a 52 week chart, not a 3 month. this just seems like its going to correct really hard, for longer than it has so far. it has defied this for the most part (the last lurch was decent but very short lived). i feel as though when we regain 20k, folks will take profit in a more aggressive way. but, i was wrong about this before when I called it, and likely i will be again (I cannot read/understand the enthusiasm at this price level)  |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Its risky to to invest all your money on bitcoin we know that bitcoin price is not stable if you want to invest bitcoin not all your money invest what only you can afford. Its okay if you will be invest only in a short term not so long or if you see that you have profit convert it. Then once bitcoin goes down buy again. on a meta, its risky to put all of anything into one asset class. this specificity is a certain type of risk in itself, because you cant predict the future, and an outside variable could cause you an issue. always diversify. the spread of the risk is key; if you insist on going into a single asset all balls in, then at least go in with percentages (half immediately, half a little later). never go full retard for anything except true love, and the Lord  |
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Alright
"Bitcoin is king" "Bitcoin will keep growing" "Bitcoin is the leader" "Bitcoin will never be replaced" -newbie.
Why are people still so convinced about this?
Bitcoin is great, we learned a lot of it. Without Bitcoin we wouldn't have those other cryptocurrencies.
But just because Bitcoin is the pioneer doesn't mean it can't be replaced.
Bitcoin Cash is just a clone with bigger blocks, this will only solve the problem temporarely. So forget about it.
It's clear that Bitcoin isn't the best coin anymore. Problem is because of all this hype there is a lot of new dumb money that only see Bitcoin's insane price growth. That kind of people that leave their money on Coinbase is what I'm talking about (for long term).
..
I know theres gonna be a lot of fanboy hate coming to this post. Don't make them ruin this topic please.
Thanks to those who made Bitcoin possible, we will never forget you. But now it's time to move on.
DEAL WITH IT!!
Most of the folks on here that would claim bitcoin purism actually dabble in alts on the side. that why they have such strong opinions, its from immersion moving on... Ill name some names dammit. ETH. And any other coin with an independent block chain (none of these ERC20 tokens). the reason? there is no way in hell smart contracts are going to work as a layer on the Bitcoin block chain, given the level of congestion going on now with this low level of adoption. people are digging the trust less nature of these things, even though the trust of the entire scheme is only as good as the contract is coded. I digress. the coins designed to facilitate this will be the most valuable, esp the ones that are proposed as business solutions rather than end user products. |
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Bitcoin is a currency just like out cash. And with cash we can use it to gamble and stuff right? So as bitcoin. But depend on people want to use bitcoin on something. It might the same as gamble thing while we invest our money into it and wait for the price to go up and then convert it into our currency. For the record it's not gambling anyway.
yes you are right. the difference is only that bitcoin is an electric currency a new innovation. people are attracted towards this innovation and investing huge money. if someone makes profit then too we can not say that Bitcoin is gambling. Almost everyone have the same view that Bitcoin is not a gambling. gambling is speculation. there is no use trying to separate them. gambling just has a poor connotation, but it really is the same. when you bet a buck on a coin flip, you are investing in a binary scenario that can possibly reward you. few people bet money for empty shits and giggles, they expect to be paid if they win. thus, and expectation of profit. how is this any different from sending a buck into an ico? are you actually "contributing" to the project with no expectation of profit, or with the hopes that the utility in the token will increase demand, and thus increase the price? Sharia law (the money part at least) forbids participation in a lot of speculative markets, for this reason. |
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there is a hierarchy of targets in this space. first the end user/consumer, then the corporate consumer, then the protocol itself. these are basically listed by order of ease/cost. the lowest hanging fruit will be the end user. no matter how much one preaches security, there will always be that guy that downloads torrents with no virus scan on the same rig he has his wallets on next is attacking something bigger, the wallets of a corp. not quite as easy unless you zero day or something equally amazing; these guys have spent money to ensure that yu cant just take money the final level of target would be the protocol itself. the hardest to attack, and the most expensive. the code is pretty much beyond reproach at this point ( i imagine there are some gems in there still). you would need something like a 51% attack, at this point you might as well sit down with that shit. |
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Hello author! I understand you very much! But you really think that you can just ask and people will stop make any transaction? It will be paradise if all people here will be like big family and stop make it but I don't believe in it!
LOL pretty much this. people have made arrangements priori to this announcement, and this is money. a surprising amount of businesses are actually staying open on Christmas nowadays as consumers venture outside of the home on this traditionally low key day. folks watch movies, eat at restaurants, use gas stations and grocery stores (gma forgot the eggnog!). if you use btc to pay for things like this.. .. then of course this isnt really an option. but if the ones that can do, this should indeed have a wonderful effect on the congestion. |
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Remember the thanksgiving weekend? There was a huge spike, as new users rushed to purchase crypto for themselves and for their loved ones. The same is going to repeat next week. Huge number of users are going to purchase Bitcoins. And some of the older users are going to sell a part of their holdings, to fund their vacations abroad.
Hey Sith, long time Congrats on Legendary!, I havent been by the politics forum in some time (might take a nostalgic stroll over there after I wrap this). Im thinking Christmas money, and New Years general enthusiasm will drive the price upward a bit, but I dont think the gain will be a permanent thing. The reason behind the Thanksgiving spike, I think, is that people that knew about bitcoin went around family that didnt know about bitcoin, and spilled the beans. there is a spike usually associated with holidays globally, on some interesting shit. Observe price spikes at Chinese New Year, Christmas, and Diwali bitcoin is here to stay, yall. on this form however, I doubt it. |
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The great potential ahead for bitcoin and crypto currencies. Never underestimate adoption of powerful movements in the internet age. Simple Info graphic below, says it all !  You have to keep in mind that the adoption takes time. The old generation will not give up their bank notes. Just think about credt card, it has been around very long time and not everyone use it. best answer on thread so far this is what is truly hampering adoption, beyond user non friendliness. corporations have been remiss to adopt block chains, due to the outright refusal of the banks to support any of the existing coins. from a regulation standpoint I can understand this, but it seems stubborn and greedy not to try to work with the community developed solutions already in place, rather than make a proprietary solution for the sake of control/competitiveness. |
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Hey guys, my name is Thamos and I'm fairly new to Bitcoin. I've been reading up on Bitcoin for like, only, 2/3 weeks now. I was already planning on investing but I wanted to have a bit more knowledge about it all. I guess now I do.
I was just wondering, seeing how Bitcoin's price has increased by a lot over the last couple days, when would be best for me to hop in the pool. Should I buy now or should I wait till the price drops (even if it's only by a small percentage)?
I'm just looking for some advice. Thanks a lot!
welcome to the Community! I personally would suggest to wait for a major dip. I dont know if you are familiar with how to use order books comfortably yet. but put a decent order about 10-30 percent under the current price, or the 24 hour low if you want to play it safer. that way, unless we undergo a major prolonged correction, you should be fine. whatever you do, dont buy into a peak! from experience, its goes poorly more often than it goes positive |
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What is your Bitcoin End Goal?
Is it to get billionaire by it? Or to use bitcoin for all your transactions one day?
These are just two examples, not the only choices of course.
Share what is your End Goal with bitcoin?
plainly, I want to build generational wealth, seeing this as a major opportunity for wealth creation/wealth transfer. by participating in this now, the value I will accrue should last us for a few generations at least, if we dont squander it. I dont intend to make all of that value in this sphere alone; getting a nice chunk of capital hre for a small investment of money or time is the jumping board for starting a RL business, or purchasing a franchise. after that income stream is in place, I can speculate on the price all day without risking financial ruin |
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GDAX has price at $15,401 and YoBIT $16,249
Yes i know GDAX tends to have bigger trade amounts but the gap between the two seems high
so why is that and why can I not just buy on GDAX and then sell on YoBIT and be left over with
a profit.
liquidity, and platform features. gdax is connected to coinbase (apparently folks dont know this, I found out today). so, you get the wonderful functionality of coinbase in regards to fiat (it is a very easy process to convert btc to fiat, or the inverse on coinbase, if you have a bank account attached). Yobit allows you to load fiat (I believe), but is not nearly as quick, user friendly, or trusted (most important) as CB/GDAX. Hence, a "dollar" hosted on the one platform (CB) has a higher value that one on a less trusted exchange (Yobit). It reflects in the BTC/ETH/LTC/XRP prices on the platforms. |
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ETH - public development team, public development roadmap, widely used for main crypto investment tool - ICOs, stable price (at least before it gets futures trading too) BTC- non of the above, but still ETH cannot survive without it. So you choose They are equally important, given the adoption of ET vs BTC. The total capitalization of BTC is due to its very high price, not as a function of participation per capita. ETH on the other hand, has the whole ICO scene. the amount of capital inflow into the ETH block chain is simply ridiculous, and when the price of ETH adjust (it is a utility token that has actually developed utility) the capitalization will far outstripe btc. at least til the price of bitcoin does another one of these crazy spikes (with the resulting boost in market cap) |
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I have seen many people say that Bitcoin will end governments.
But do we really want that?
And if yes how would things like infrastructure be provided without a government? (This is just an example, you can discuss any issue you see fit for this topic)
no, we dont want this, despite all the armchair anarchists that exist on the board. basically, there is no point to bitcoin is government has largely collapsed. to hell with a bank, to be plain, but even they are a necessary evil at this point. but in reality, bitcoin is a freaking program, not a movement. it wont topple a damn thing; a gove will instantly outlaw bitcoin if it becomes a real threat. so bitcoin may change the way we look at money, but bitcoin is not about to be a revolution LOL and with this tax reform passed, the stratification of wealth in society will get even worse use bitcoin to leverage your wealth, the window to be "great" is rapidly closing, folks. |
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If this news is true then that's a good one this will make every McDonalds lover to buy McNuggets or Big Mac and pay with the use of bitcoin. This is just the start of crypto payment and that's going to help the community because it will give a big demand.
This will never work as presented (paying btc on a case by case basis for each order). too many factors that already make it a pain; fees, speed, variable state of the network and volatility. but, there is another way that people fail to mention.. PREPAY to a wallet that tracks with the price , or allows you to convert btc at will to MCD (LOL, the assumed "token" of McDonalds). Since the value was already transferred and confirmed, you can use a blockchain that doesnt need a huge consensus to operate (this doesnt even need to be a blockchain, if you think about it, just a list of balances. no one is going to dispute these transactions). gets around the time and fee issue very cleanly. |
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I am wondering if you can suggest any good alternatives for gdax?
The main issue I have with gdax is that it only accepts wire transfer for your USD/EUR wallet and every time you send money it takes almost a week to be added to your account.
So I am searching for some good/trustable alternative for gdax/coinbase.
Are you fully aware of Coinbase (the wallet service attached to the GDAX platform)? Coinbase doesnt take nearly this long to fund with fiat, given the level of verification that you get to. You can move funds from Coinbase to GDAX for free, instantly. Check it out! Kraken should be your next choice. stable platform, way more stable than GDAX imo (but you wont get the peak pricing that GDAX provides). Lastly is LocalBitcoins. People dont talk about them as much anymore, but it is by far the easiest way to purchase larger amounts of bitcoin (pay attention to reputation!) there is CEX, but they are a bit slow at the moment, and might cost you some opportunity, |
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