Bitcoin Forum
May 28, 2024, 02:14:18 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
81  Economy / Speculation / Re: $10,000 per bitcoin on: June 23, 2017, 05:55:37 PM
Yall people who think this whole 'to the moon' thing is really going to happen are really an insane breed of human which I'm really not keen on understanding. I'd hope that you'd simply know that buyers now have to want to buy it at that price, and all the sellers have to be determined to be doing that as well. Pretty insane to think of a buy wall at 50,000 for a currency that is having issues right now simply deciding on something that can fix their congestion issue and get them to a point where they'll be able to be pushed to be used by more and more people.

If this coin gets anymore volatile, people are just going to think of it as a pump and dump, or scam shit, we have to get the volatility down so people actually join in on this.
82  Bitcoin / Bitcoin Discussion / Re: Give your child/ren a bright future! on: June 23, 2017, 05:12:57 PM
As sad as it may sound to everyone on here who's a Bitcoin enthusiast, I personally would rather create them something that I'd keep contributing to which would be a index fund which has on average created growth of 7 percent a year while following the market. I just don't think I'd be able to put money for my child into a crypto that is so volatile and could lose all it's value in an instant, who knows by the time my kid grows up one BTC could either be worth 'the moon' (according to some people) and worth nothing. Hate to burst the bubble of people on this forum, but would you rather lose what you saved for your kid and risk it all for them? or simply give them something that's always worked and will continue to work.
83  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used by ordinary citizens? on: June 23, 2017, 04:14:56 PM
Can they? Yes. Is it something that I can see happening? No, not in the least. Bitcoin is one of those things that's used by people who really enjoy it and want to further the program itself. Ordinary people are going to want to use something that's going to be helping them, something that's incentive in some sort of way, shape or form. They're not just going to use this currency, pay insane TX fees and be fine with that without an issue. If there was some point where the kinks in Bitcoin are worked out and people have a REASON to use it as it benefits them, then yes they'd use it. Though people need this PUSH to use bitcoin, sad but that's how people are.
84  Alternate cryptocurrencies / Announcements (Altcoins) / Re: COINDASH - Future of trading - ICO July 2017 on: June 23, 2017, 03:54:57 PM
Looks like a pretty cool project, going to be leaving a watch here so I can see what the hells going on here. One question though for anyone that can answer, can anyone participate in the beta, living in the US participating in this sort of stuff is usually rather hard / rare for people like me.
85  Bitcoin / Bitcoin Discussion / Re: How would you store >100 Bitcoins? on: June 23, 2017, 02:59:18 PM
Hundred percent would probably be using something along the lines of a paper wallet or something like a hardware wallet which is going to be insanely secure. When you're going to be doing this (making the paper wallet) you're going to have to be doing it with #1 code you trust, a trusted source that made the code that you're going to be generating this wallet on so they're unable to steal anything from you after this. Next, you're going to need to do something along the lines of wiping a computer (or buying a new computer) to be running this code and doing this generation on. Print it out, and you should be fine. I'd use a secure printer as well / even write it down if you're going to want to be extra careful.

Or, skip what I wrote about a paper wallet and by a HW wallet. TRUSTED sources of course.
86  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: June 23, 2017, 06:16:09 AM
Insane amounts of risk, would only put money into crypto that you could afford to live without for sometime and afford to lose. I have a designated fund that I use for things like this, I more or less call it my SUPER HIGH RISK or 'throwaway' money that COULD POTENTIALLY make a ton of money, but most of the times the altcoins take a nice big shit. I know this is more speaking about Bitcoin, but I think of it in the same category when it comes to investing, at least right now I do due to the amount of percentage that Bitcoin can lose in seconds.
Very very risky.x
87  Bitcoin / Bitcoin Discussion / Re: Paying airline tickets with Bitcoin? on: June 23, 2017, 05:56:33 AM
Matters how you're going to be doing this, though I do thing this is a bit dumb depending on the circumstances. Because when it comes to paying for things like this, you're still going to need to give your name and all those sort of things, so it's not like you're getting around anything by paying with bitcoin or something along those lines. It's probably possible too, just not from the company itself and you're going to have to use a middle man for something like this-- which could heed using bitcoin a bit wasteful and such.

Wouldn't know where to go on that, but worth a shot.
88  Economy / Trading Discussion / Re: btc crossing 3,000 $ today ? on: June 23, 2017, 05:13:01 AM
I don't think this is going to happen. That price increase is a bit high and isn't going to ever get to that point, I know everyone on this forum is going to come out and say  well I think it's going to moon-shoot or I think this or that-- well you have to know that someone else has to want to buy the bitcoin for that price, and not just one person, TONS AND TONS OF BUYERS have to want to want to buy it at the moon. It's never going to happen and people really just have to come to accept the fact, I hope everyone comes to the conclusion that it's better if the price is LESS VOLATILE and people aren't losing all their savings instantly.
Nope.
89  Economy / Trading Discussion / Re: How do you manage ur emotions? on: June 23, 2017, 04:43:48 AM
I'm one of the many people on here who're unable to manage my emotions and wish I could work on this in a better way, kind of sucks but that's the way I was brought up. I'm not one to be able to take losses very well and usually follow the very shitty slogan of "buy high, sell low" this is due to me wanting to minimize losses and it kinda leads to me losing whatever I set aside for trading. So, I'm one of the people who isn't going to be taking trading to heart and isn't going to be doing this much.

I wish everyone else the best of luck when it comes to trading, I'm just not as blessed to be doing this sort of stuff.
90  Economy / Trading Discussion / Re: BUY high sell low ? on: June 23, 2017, 02:19:36 AM
Always what happens with people and it really can't be stopped, people are scared of taking losses and they're going to try to get out and not lose too much. Some people don't have the patience and the skill to be a trader is something that is kind of built inside someone, at least that's what I personally think about it and trading. I'll come outright and say it, I'm kinda freaked when it comes to trading and I do the whole buy high and sell low cause I get scared and don't work with losing money too well.

You have to be built a certain way to lose 50% of what you put in and then wait for it to come back up, these are the real people who maximize their money.
91  Economy / Trading Discussion / Re: Asian vs. Western Investors on: June 23, 2017, 01:48:14 AM
I've always hold the fact that westerns are people that have experienced growth that is somewhat stable and enjoy this, they do like insane amounts of growth like anyone else but I do think they enjoy have a nice stable growth without any issue in the least. Asians, I've seen are people who want more and more growth and insane amounts of growth, to the point where they're gambling insane amounts of money to be doing this sort of stuff.

While I'm usually not one to generalize this sort of thing I'm still going to be a person that believes in that.
It's impossible to generalise and be fully accurate on these things... but I do think that many Asian cryptocurrency investors have been too hyped about this whole situation.

My justification for this is that the price in South Korea (and to a lesser extent, Japan) is at a significant premium to Western prices.  Because arbitrage is difficult, the markets are wild and the investors there begin to deviate from the Western trends.

This could imply that the prices are more speculative/a gamble, because the fundamentals of Bitcoin have not justified those prices throughout most of the recent rallies.

With the price increasing much higher on the scene of Asian countries, I'd think this is because of insane amounts of hype and gambling to be able to
92  Economy / Exchanges / Re: Poloniex Or Bittrex? on: June 23, 2017, 01:26:37 AM
I've used both and don't have an issue with either one, only thing I'd have to say is that I'd rather use BITTREX in the surrounding circumstances. Only problem I've ever had with Polo is how much the site is down and has issues which is wildly annoying, like I understand the sites are bound to go down to the amount of people that are going on them because of the amount of people that are joining in now and trying to trade is obviously going to fuck with a site that isn't built well. Weirdly, a smaller site like BITTREX is having no problem in the least with this intense load and has worked through all of this.

Only thing I'd make sure to note is that Bittrex has an insane amount of shitcoins that you should watch out for, some promo coins but nothing too insane.
93  Other / Beginners & Help / Re: How can I use bitcoin to send money? Please anyone on: June 23, 2017, 12:52:44 AM
You need a bitcoin ATM to get fiat. Otherwise, you need to signed up into poloniex exchange but they will never confirm your ID before months.

there are better exchanges for USA, like Coinbase

Agreed. Coinbase is a good, user friendly platform for those new to cryptocurrency.

If the core part of 'user friendly platform' is going down every so often due to not building up enough of a good framework to be able to support the influx of people on the site. And shutting down every time the price goes up a good amount. Plus, taking a ton of time to get the account confirmed and having one of the shittiest customer supports in all of history.
If all of this is part of your 'user friendly platform' then yes, I'd love to use coinbase.
94  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: June 22, 2017, 10:56:23 PM
Fair? No, but then again nothing in life is going to be fair and that's what people are going to have to pickup and understand at a certain point. I may want to pay nothing for fees, but the miners aren't going to be giving away their precious expensive machines and expensive electric for nothing to be nice to me. They're going to want to turn a profit like everyone else in this world, so you're going to have to kiss the ring and pay the fees if you want to use this digital currency machine that we call Bitcoin.

Though at the moment I think the fees are a bit too high and they're going to have to be fixed with the network congestion and the fees are going to have to come down for more people to be able to get involved with Bitcoin with ease. I can't get people to sign up to a currency that they have to pay $4 to be apart of at any step of the way.
95  Bitcoin / Bitcoin Discussion / Re: So Bitcoin is better than Gold? on: June 22, 2017, 10:20:40 PM
I don't really think that there's are two items that can really be compared, it doesn't make any sense in the least. The only currency that I could see this being compared to is going to have to be the other altcoin of ETH as it's one of the trade alt-coins that I'd say is more like gold in the way that many people are using it to hold and trade by not many people are actually using it as CURRENCY which is what Bitcoin is and more are using it along the lines of an asset.

Bitcoin may be better in terms of being a usable gold online, but it really doesn't fit the profile in the least.

It seems to still have not been able to say that bitcoin better than gold, we all know that gold became the size of a country's wealth, so gold will forever be used and accepted, while the bitcoin is still not able to.

Well, that's cause GOLD PRODUCTION can be controlled by governments while Bitcoins 'production' can't.
96  Alternate cryptocurrencies / Altcoin Discussion / Re: what is the future of the crazy ICO market? on: June 22, 2017, 09:42:09 PM
The future is going to be what it is always was and what it always will be, is that a ton of dumb people are going to jump on the train for some shitty ICO that's not going to lead anywhere. After the first week the price will see a massive spike, people are going to sell, price is going to take a shit and then that's that the price increase is done. Some select few of people (including the founders, devs and whales) are going to make an insane amount of money from all of this but that's going to be that.

The wind will turn, ICO's will crash and take hundreds of scamcoins, shitcoins, deadcoins with it. I can't wait!
The wind will turn, ICO's will crash and take hundreds of scamcoins, shitcoins, deadcoins with it. I can't wait!

At some point, if gods on our side and wants to show people the light, this'll happen but I don't think this will happen before the Altcoin bubble pops. That's going to have to come first for all of this to happen and workout!
97  Bitcoin / Bitcoin Discussion / Re: Will the final number of bitcoins become a serious limitation? on: June 22, 2017, 09:05:41 PM
I don't think this is ever going to be an issue due to the fact that bitcoin is a fractional currency so this sort of issue isn't going to play a factor in the least, as the thing is that supply and demand will play a big role over this entire thing. So the final number of Bitcoins in my opinion isn't going to do anything in the least nor is it going to affect anything, it may play a factor in the exact # of bitcoins being transacted but the overall value is probably going to be the same. Maybe I'm the only one that thinks that, but that's me.

The last 0.00000001 BTC won't be mined until 2140.

At that point, a total of 2,100,000,000,000,000 spendable units will have been created.  That's 2.1 QUADRILLION!

I don't think the limit will be a problem.

I'd think about it in these terms, so we'll have a LOT OF TIME and a LOT OF BITCOINS to go around. People may lose wallets, stolen shit and so on but that's not going to play a huge factor IMO.
98  Bitcoin / Bitcoin Discussion / Re: Why BILL GATES do not USE Bitcoin? on: June 22, 2017, 06:52:19 PM
Bill Gates is going to used what's best for him, he's not going to use the most innovative or the best this or the best that. He's going to do what's best for himself to be able to maximize profits, minimize expenses (such as taxes) and so on and so forth. Even though he may have come out awhile ago and said Bitcoin was amazing and all that, he's not coming out and saying that he'd use it for himself. He has to ACTUALLY use his currency and doesn't want it to be so volatile that it could lose 1/3 of it's value in .2 seconds. That'd be insane to see with his billions though.
The funny thing is that there is a trending video in youtube with over 1,000,000 views about Bitcoin with Bill Gates on it and now all the noobs think Bill Gates is Bitcoin friendly when I doubt that's the case, he must be neutral at best. As others pointed out, Bill Gates is a dollar billionaire so he benefits from the status quo. He would only approve of a e-fiat, not a true radical invention like Bitcoin.

He'd approve of whatever makes him more money, so whatever is going to help him and his family and OVERALL his fortune he's going to work within to advance and further his wealth.

99  Bitcoin / Development & Technical Discussion / Re: fees? on: June 22, 2017, 05:16:00 PM
Fees have and will be fucked for awhile until we can fix this entire network up as we've been congested for a long time, I don't like it, you don't like it, no one likes it (except Jihan and the miners) There's nothing we can do except sit here and get them to try to signal for the newest fucking consensus thing that will finally fix us once and for all. These fees are the real issue when it comes to trying to get people involved in Bitcoin, as no one wants to join in on a currency which is going to cost them $3-4 to pay for a simple transcation which only cost that much anyway.

So, fees suck right now and the only thing we can do is pray for the miners to do what's right by us. If you want to know what the going fee is right now for a tx use one of those estimators like HERE https://bitcoinfees.21.co/
100  Economy / Auctions / Re: [ DARKESCROW.COM ] <MAKE AND RECEIVE PAYMENTS WITHOUT USING YOUR NAME> CHEAP/// on: June 22, 2017, 04:25:12 PM
Kinda misleading when it comes to the title, I'd change that up as it makes people think that you actually have a site setup for something and usage while it's just a simple domain. So, I'd rather if you're not misleading potential buyers on this.

I was under the impression this site was maybe like a DONE ESCROW site that could just be bought but IT'S NOT! All it is is a domain.

RIP.
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!