Hi
I am newly invested in bitcoin. I am not a trader or interested in any short term gains but rather plan to hold on to btc for many years. However, all the talk about a hard fork is scaring me a bit and I am thinking about going all into ETH prior to August 1.
Would a hard fork only hurt BTC or would it also negatively affect ETH and other coins?
I won't do such dangerous decision, bitcoin still the best cryptocurrency so far even with its common problems. Ethereum still not reach $500 or $1000 but I ever heard it has same problems with bitcoin, whether it is true or not. Bitcoin is a better coin compare to ethereum if you ask me, but with ethereum potential, it may keep increasing in the future. So, put your money on both of it if you don't want to miss the chance if one of it rising faster than another. |
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Good that you asked  - Hold your Coins - Do not invest into sites that promise ' 2% Return Monthly' ' Get 15000 satoshis daily by depositing XXX BTC', these are most likely scams - Avoid the investors-based games thread - Try not to trade/invest in altcoins to earn BTC if you are a starter (only trade with what you can afford to lose) - Read more on this forum (many posts are helpful) - If you are using any service that uses your Bitcoin (i.e. BTC Wallets, Exchange Sites), do check for its reputation and securityDo not get pulled in into a ponzi, nothing is free in this world, you have to work hard if you want to 'earn' BTC.  Also, in addition, if you are trading here on the forum with other members it is best to use escrow. Especially if you are dealing with people with bad reputation. Though it doesn't mean you will be 100% secure, but it will significantly improve your chances of not getting scammed. Since Op asked about avoid scammed in trading thread, so it's about precautions in trading, right? I think all the answers above pretty good and detail for newbies to understand how to avoid trouble. I would suggest to use some trusted trading sites such as Poloniex or bittrex for the start. |
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Well, im now use Genesis and hashflare. Well, im on profit but isnt really big profit. But atleast i got some profit. And i dont recomend it for now. Because when i use cloud mining, my profit is about 20%-50% per year. I want try trading because of that. Better not investing on cloud mining. Or maybe you can buy your own mining hardware, thats good too maybe.
Make sense, why people want to rent their mining if it could bring more benefits without share? I would agree if you invest on big project which they just started to build a mining farm, so that they collect money from investors. But, in the end if you have big capital, better to build it by yourself or with your own team. However, you need at least $2000-$3000 minimum, depends on your country. |
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Bitcoin is a blessing to some of us here. We can testify, how since the beginning of this year that, we have make alot of return on our investment in bitcoin. I foreseeing bitcoin touching $4,000 before the end of October this year. Hope you join us in this less risk investment.
Bitcoin surely need some steps to reach $4000 and be persist and stable at that point without any correction that may take it back below $4000 price. For now, we're aiming to reach $3000 which seems like a big wall that cannot break after several attempt but bitcoin always ended fall down after reach $2900. It won't be easy as long as we're stuck on this problems that makes bitcoin development slowdown as hell. |
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That moment when you buy 1BTC at $2500, and then 3 days later someone buys it at $2000. But I'm guessing that it's the risk involved in investing, so what do I do now? Sell? Or hold on them?
I would hold them. It depends though for what purpose you bought them, if you bought them for just trading after price would go to 3000 then just wait until it reaches 2600 and sell but if you bought them for a distant future, hold it as it maybe the best investment you have ever made. If you can't wait just withdraw them to cash and build a mining PC, right now it costs in Europe one with 5 RX480/580 GPU-S at 2300 EURO in total. Start mining Etherum or Zcash and you will make with the actual price of bitcoin about 400 and maybe a bit more USD in bitcoin every month. There are a lot of choices, it's up to you. Personally I am withdrawing bitcoin to create mining PC-s , I see more value in that than in any other job regarding bitcoin for the moment. Bitcoin fluctuate a lot and you might be surprised how fast it could change within 24 hours. Too bad for those who bought at $2500 but after that it dropped back to $2000. I agree it doesn't matter if your plan is to hold bitcoin for long term investment. Good decision you've made, due to many people want to get into mining activities but they have less information and small capital to start. Mining ethereum and zcash seems promising and profitable, tempting to do it as well. |
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no not soon this month btc price may go down below $2000 or more maybe next month we can expect price to go up.
Well it's a hard thing to break the barrier of $3k and $5k is going to be far from now. Well we are now on a bullish roller coaster ride but once we get into the dip and slope. The price may get back higher again, I will be good at selling back at $3k. I always miss the action of selling and I haven't ride any of it since last year. Bitcoin need some momentum in order to achieve $5000 as last rally made it increased from $1300 to $2800 within a month. I think it won't be easy because many people will quit after find out bitcoin fees is too high and has long time confirmation. Unless this problems could be solved, than bitcoin could reach that price someday, not this month or next month but maybe in the end of the year. |
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I think its time to jump ship and trade my bitcoin for eth. With the rate of growth of ethereum and the upcoming split with bitcoin, this can be an great opportunity. What do you guys think?
yes you should absolutely do that. make sure to do it as fast as possible. because there will only be 21 million bitcoins and you are holding some part of it which is preventing the rest of us from holding that part.
there is no limit to how many ETH will be though!Hahaha, yeah Op should sell his limited bitcoin for unlimited ethereum. You may could make more profit through ethereum in the future, because there are a lot of projects based on ethereum blockchain which make its price increase. Everyone should decide whether it is good or not, but I can say ethereum has significant changes in the last few months and will increase in the next month. |
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The bank didn t give me a privacy to control my money. The financial regulation make a partnership with the bank to monitoring the bank account of customers. So they are able to see all of transaction histroy. Just like intervention
My country has recently released that regulation and it's kinda disaster for an individual to keep their "big" amount of money in the bank. No more privacy and the taxes are now overwhelmingly increased. Therefore, the only way to keep our wealth secret is by investing on something which consistently increases its value over time. Property and gold are preferable, but, bitcoin also a good choice. Though, if you're not going to avoid the taxes, all will be fine. But, FFS, We're working on ourselves and the taxes is just robbing our earning. If anyone don't like bank monitoring your funds and control your money or even robbing your savings, simply don't put your money in bank. Bit it's kinda hard right? Due to bank services, to send and receive money inside and outside the country, even to convert bitcoin into cash need a bank account. We can't avoid to use bank services these days. |
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Indeed, bitcoin will always rise after decline. People should look at the big picture of bitcoin charts every year and you can see how its fluctuate but always ended with higher price. Some corrections are inevitable due to daily traders and investors want to extract money from their wallet. It is a good chance to buy back at cheaper price and give some opportunities to the others so that they could purchase more bitcoin.
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I don't think it will decline less than $1800 just like before, maybe it will rebound after touch $2000 floor.
But who knows what may happen in this month or next month whether it will continue to decrease, stuck somewhere or rise again. After all, who wants to sell their bitcoin at this rate? if you know bitcoin ever reached over $3000 and it is a loss for not be patient and choose to sell bitcoin at cheaper price.
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It seems the project has some problems in principle level.
First of all, middlemen often do not pay for their jobs without paying their bills. They are responsible for building and maintaining a huge line system to transport electricity. Profits earned by middlemen are often used to subsidize these expenses. In the ecology model of your project, where users and power producers can find their own positions, then where are the middlemen and electricity lines developers and maintainers? Without this side, your project is not likely to succeed.
Second, there is a huge difference between an electric pool and an intelligent contract, not anything that can be done with an intelligent contract. Intelligent contracts can only establish the relationship between producers and consumers, establish the relationship between payment and supply, but can not ensure their complete matching, but also can not guarantee other. Unfortunately, electricity can not be preserved, and some special and even stupid methods must be used to ensure the balance of power supply and demand. Therefore, the design, construction and maintenance of the power pool is the problem.
Third, the existing power system is complex and still doesn't solve the problem well. Your project doesn't seem to have anything new to make the system better. It is not reliable to build a more complex system through an intelligent contract based on this laborious old power system, not to mention the construction of an intelligent contract that does not have large-scale applications for the time being.
Hi, can you elaborate a bit in which country do you live that you have such a system? Who is responsible for building up the system and maintaining it? Who can sell energy? Which licence(s) do you need? How trading with energy works in your country? We have already legal advisors who will help us with legal issues in different countries. And we plan to hire more after ICO. If you look down our plan how funds will be used then you can see quite big portion will be allocated for legal matters just to resolve different kind of problems There are some matters to get it done, not easy to do it and many people should be involved as well. But, we hope SunContract project going through those problems smoothly and penetrate to many countries. I'm glad to know that SunContract token sale details has been released and wait for purchase the tokens  I would like to put it here : TheToken Sale details
The contribution period will begin on June 28th and will last 4 weeks until July 25th. The Tokensale participants can contribute by sending Ether to the designated address.
By doing so, contributors create SNC tokens at the following rates:
First week (from June 28th to July 4th) 11.500 SNC per ETH;
Second week (from July 5th to July 11th) 11.000 SNC per ETH;
Third week (from July 12th to July 18th) 10.500 SNC per ETH;
Fourth week (from July 19th to July 25th) 10.000 SNC per ETH; |
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my acc: @landofcrypto
I guess I'd join depending on the pay. (and maybe help manage it as well?)
twitter.com/news_btc
twitteraudit.com/news_btc
Your offer sounds very good.
Everyone talking about Crypto related followers, i mean we have better contribution if our followers can learn more about Bitcoin and Crypto related things. Situation is as it is, and we can only improve it now, we have chances to bring this on higher level. But still we need more interested members for this.. Nice idea, I would like to join as well if eligible to. So, we need to get crypto related followers and people who like about investment project to make it more beneficial. So, who will manage this Twitter syndicate if you don't want to? And how much people do you need to make it happen? |
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im at $200 btc and have no skills to offer what can i do to get 1 BTC , if i was in a sig campaign how long would it take as a full member to get 1 bitcoin because i need to buy a established site which is profiting preferably a gambling site or something along those lines, what do you guys think about this?
To make it happen, you need to do a short term trading in the altcoins due to most of often you can multiply your capital Investment from 100% up to 1000% almost. But to make 1 btc from trading altcoins, you need to learn how the market works, which coin will pump or dump soon. Buy and sell at the right time or you will loss as well, just like in gambling. Because in trading, some people make profits from many others who get loss. It is gambling. |
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LOL. if every time that an altcoin comes out and claims to be "the king" and want to replace bitcoin somebody paid me 1 satoshi then I would have been richer than bill gates by now  it is funny though. I like to observe how many people fall each time for the same story and always end up face down under the dump of that altcoin's whales. If you didn't involved or not use altcoins, than you can't say that. I mean, some coins really has potential and may exceed bitcoin in the future if bitcoin stay still on this problems, why its price fall down in last few days until now? Because people get tired wait for long time confirmation and high fees for greedy miners. They (miners) keep prolong this problem as long as they could to get more fees from bitcoin environment. I don't know when it will be over and we will moving forward without any miners drama. |
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Hi , I'm new so basically I still have a lot to learn about the cryptocurrency , but I would like to know if it would be possible for the bitcoin to start the downfall ? I mean like what scenario can happen that the bitcoin would be pushed back like 5-6 years ?
Sorry if my post is in the wrong place or it's not relevant.
It's possible and it can even happen in a short period of time, there is no permanent and holding bitcoin alone is a risky move. We are here because we believe but by believing we need to put some doubts and limit our investment as well. That's you decision man, not all of us here put some doubts on bitcoin and consider hold bitcoin as a risky move. Look at the graphs, look at the price, bitcoin has been proven as a successful investment. How lucky for those people who bought bitcoin in the early years when it was $1-$100 or even $1000 in last year. Who decided to believe in bitcoin (not put some doubts) and keep holding their bitcoin could make more money than what they've invested obviously. |
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Bitcoiners divide into some groups, where some like to hold on their bitcoin, others want to get profits from trading bitcoin-altcoins - sell at higher price. And who have huge amount of bitcoin such as early adopters or miners will sell bitcoin as much as they want, after all theirs (bitcoin) are abundant. But, there is a group which use bitcoin as an alternative currency for daily transaction even though just few people.
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Bitcoin movement every year shows similarities, just look at the graphs when it rise, decrease and stable for weeks.
People said, it's better to have slow gain because it won't be corrected, but I do really like how bitcoin value increase faster within 24-48 hours, even though in the end there is a correction but at least bitcoin already set on higher price than before bitcoin rally happen.
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Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin
Is this the impact of rising bitcoin prices?
I think so, as the price is the main reason why many people interested to bitcoin, because its value is growing over time, so people looking for a chance to invest on bitcoin. I admit, the first time found out about bitcoin, its price was very tempting and decided to earned bitcoin. But for people who have much money, want to invest on bitcoin to get more profit in the future obviously. |
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Why would a group of rich people would do that? Remember that rich people got their riches because they are thinking creatively and not as if they belong to a world so detached from reality. Rich people (am not taking about those who just inherited theirs) are one of the most realistic people in the whole world. The whole idea can be classified as preposterous.
Indeed, it's very funny as no one could be stupid enough to do such wastes, just for brag it to all over the internet? What's the point? People want to doubled their wealth, then buy 30% amount of bitcoin will surely pump bitcoin price and make it more expensive. Many people will follow to invest while the rally still on, to sell again at higher price obviously. |
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I not like convince my friends invest to Bitcoin or use it, because I not want spend my time to do pointless if they not give me some BTC when I help them I know someone like you that want to get profit if you will tell them about bitcoin, not a good behavior I think. But, no need to convince anyone to use bitcoin as people who interested with digital currency will learn about it by themselves without need to teach them. People who have big funds may not believe on some people who don't have bigger budget, but if they believe in bitcoin than they will become investors. Different story with people who don't have much money, they will see it as high cost investment and so risky to put their money on the table. |
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