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821  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will bitcoincash / BCC price be equal to bitcoin / BTC price? on: August 20, 2017, 12:34:58 PM



Sorry, Bitcoin Cash is an alt crapcoin. Hate to break it to you. Not sorry if it hurt your feelings. Anyone who is experienced in crypto has seen such coins rise and fall before, including Bitcoin Plus (which turned out to be a scam).


I am not saying that Bitcoin Cash is a scam. More like a disagreement between a small segment of the community. However, if you think it will rival Bitcoin in any way just because it got pumped by the Koreans... then stop thinking it, because you are only going to lose you money if you fall for the pump-and-dump. (It happened to me before, I am simply warning you ahead of time!)



Technically, Bitcoin Cash is an altcoin


But does it really matter or change anything if it starts competing with the traditional Bitcoin for real? My point is that you can call it an altcoin as long as you please but this won't help Bitcoin if Bitcoin Cash starts outperforming it. Let's not forget that the miners which mine Bitcoin are essentially the same miners that mine Bitcoin Cash now, and if the latter becomes more profitable to mine, we will see a massive exodus of miners from the Bitcoin camp to the Bitcoin Cash camp. And you can't sneeze at that by just claiming that Bitcoin Cash is yet another altcoin




Agreed with deisik on the statement that bitcoin cash can outperform! This is what is happening with it anyway since it took the birth. Bitcoin cash climbed all upto 0.2 BTC from the down to earth value of 0.07 BTC or less. Miners will definitely switch to it if the alt coin is getting more easier to mine and if the value keep increasing like this then they have double the benefit as compared to bitcoin. Bitcoin mining as we know is anyway very very difficult as compared to BCH so thats the another advantage to take call for. Lets hope we don't see anything in favour of bitcoin cash because we are holding more of the bitcoin than bitcoin cash and I'm not in the position to sell my BTC. Im serious about this.


822  Economy / Economics / Re: Cashless society on: August 20, 2017, 12:16:52 PM
Why not, bitcoin is rigid currency and it will have versatile use by the time whole world becomes cashless society.


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wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.


There are more chances of happening this, because without working together neither fiat will work properly or bitcoin might not exists without the help of fiat currency. Today, bitcoin  has not come to real world yet, its not fully operational at the doorsteps neither in the industries nor into government facilities! It has to go through more difficult tests yet to come to existence in reality. Bitcoin will need regulations to work with cashless society and it will have to work with fiat currency regulation to stay as usable currency. Without this it may not survive as people may fear of loosing money over bitcoin due to unregulated instances. 



823  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: August 20, 2017, 11:55:32 AM

Well, at the very least, if it isn't money you can easily convert them to money. They are a very liquid asset. But it is true that not many regular people would accept them as a payment.



There could be changes to the way we are making transactions. Bitcoin or blockchain for the instance was made for the sae thing, "making transaction more secure and simpler" than the traditional one. They are very simple and sober if you look from the perspective of volume, time etc. No banking system in the world can compete this method of transaction. The decentralised nature also gives us freedom to choose the any amount of transaction per day!


People will accept it when it becomes handy to operate. I agree that for now we have to go through title hassle like internet, wallets and three minimum confirmations but it is worth that and there will be monology with this technique real soon.



824  Bitcoin / Bitcoin Discussion / Re: should government involvement be there ? on: August 20, 2017, 05:58:32 AM
Price of bitcoin is increasing tremendously, but that has got to do nothing with government. Just because something is getting very valuable doesn't mean government will try to levy charge on that. Bitcoin is decentralised mechanism based on mathematical calculation which produced block chain. The value it is getting is because people are putting their own money (which is taxed already by banks) and because of that money its capitalism is increasing.


Though they try to standardise the bitcoin it won't be that easy. Just imagine millions of wallets and millions of bitcoin addresses are generated each second. In how many you will keep track and how?
825  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty Money on: August 20, 2017, 05:39:12 AM
That needs a lot of patience to wait for so long which is risk too.  Bounties when run are ok to trust in the period of their launch they are very popular but most of the people will sell off their tokens right after the bounty program is over. This leads to mass dumping of the tokens and those who seek for higher rewards may fail to get it.


However those who still wait and look for the tokens to jump in will get huge rewards because in that period they are the one who will be holding most of the coins really. This is risk also but if awaited for long time then its millionaire dream! By the way this is not my typo because I can't even hold my trade for two days or so. Lols. Good strategy though.

826  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why is Everything dumping ? on: August 20, 2017, 05:19:47 AM
If everything is dumping then keep it in positive way and start investing into most potential coin when it becomes very low. :-)


Well I don't think bitcoin has got to do anything with the altcoins pumping process. It might be just investors like us who are getting attracted to sone xyz ICO or may be investing into specific coin so as to other coins are getting disturbed. However, I always see this as new opportunity to invest into those coins which future of the big profits!
827  Economy / Economics / Re: The world's central banks should get ready for negative interest rates on: August 20, 2017, 04:59:39 AM

If that's really true then bitcoin might just see even better days in the future. If negative rates are applied then who would keep their money in the banks really ? There will be no reason at all to keep our money in the bank as its our hard earned money and we might just prefer the bitcoin as it is decentralised there won't be any affects of recession on crypto world. Instead the bitcoin will get more valuation due to heavy volumes being put on it. That would be the way when you will see rich people everywhere. Kudos to that.

828  Bitcoin / Bitcoin Discussion / Re: In case of a second BTC hardfork in november... on: August 19, 2017, 05:12:05 PM
I think if next hard fork happ no then people won't be trusting it much as they were fooled by fear of first hard fork which happened in august start. It would be normal split if the hard fork happens and then there will three bitcoin brothers and the third one won't be having much of the value. However there is now possibility that people will keep big chunks of bitcoin on their wallet in the greed of getting BTC3/2 whatever you call it. This might just pump the bitcoin above the current value. So there is opportunity as well as brisk ambiguity whether it will be a success or just another BCC.
829  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Cash to the moon? on: August 19, 2017, 04:29:59 PM
It is very debatable question about BCC, nobody really understand why it is being pumped so much. Some of us are speculating that it is because of the Korean group that is bringing up this change. As they are getting too much volume pumped into BCC, which looks intentional pump for getting quick profits but no matter what it won't last long. The BCC price can not be modified to that of BTC which has been on the market since a decade now. It has gained popularity and sincerity of the investors but BCC will never come to that level so early.
830  Economy / Trading Discussion / Re: Dividing your salary. on: August 15, 2017, 01:23:06 PM
Hello, as we all know that Bitcoin is heading straight to the moon. Me, as an employee, do also invest with this cryptocurrency, and I kinda need to divide all of my salary for my needs, and on how much should I invest in? Let's talk about percentage. Anyone?


I am employee as well and I don't really spend "percentage" of my salary but I spend money which is left over after my expenses are gone. For example, being in different city than my home town I live in rented apartment, so after the salary I will pay for it. Then my mutual funds are withdrawn by the bank and then I also stock up food for one month. After cutting all these whatever is left with my bank account I will put it straight into my bitcoin wallet. Now thats the best strategy and with this you can easily balance your earnings. Don't go for solid percentage instead compete your needs first then look out for bitcoin.
831  Economy / Speculation / Re: Peak of Bitcoin price on: August 15, 2017, 12:58:46 PM
It could be higher than this or it may start falling down. But over the period of two days it seems to fluctuate with very small amount. Its better to sell if you are in need of fiat currency or if not then you can just wait and keep hoping for the bitcoin to move further. Started feeling since yesterday that bitcoin may now get stabilise here and it will go down after a week or so when people think its right time to sell the bitcoin. This selling may create panicking and more investors will just sell it off. This will lead to downward movement. Have you checked the graph of one month period? That will give you some ideas how bitcoin behaves when it comes very high and stabilise for sometime.
832  Economy / Trading Discussion / Re: 1 Million satoshis per day on: August 15, 2017, 10:05:28 AM
If you want to earn 1 million satoshi per day you need to have big amount of money to pud in trading site and you do trading but the question is do you have any idea how to trade? If you go for faucet farming then 100% you will get that amount by solving captcha for 24 hrs. In short earning 0.01 a day is difficult you can't even earn that amount even if you join in signature campaign.


Yeah trading strategy may work for that kind of earning but its really seem to be difficult for me if not done with proper caution. Greed is bad and it may end up you loosing money.

I don't believe in captcha solving and there rates really,
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faucet farming then 100%
they don't have that much returns if you compare in terms of time. The 24 hours clock would also not be sufficient to given you that much money. You can't practically seat for continuous 24 hours. You may max accumulate only 9-10 hours but no more. So its impossible to earn with it.

You can achieve that goal but that may be collectively with 2-3 days of earnings. You will need to do versatile things to make it happen. Get yourself in campaigns, trading and investments. Altogether and over the period of 3+ days million satoshi may be possible.
833  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Relation NEO to Bitcoin on: August 15, 2017, 09:04:46 AM
What relation have NEO with Bitcoin, because most trade with bitcoin was made NEO/BTC last days.

Neo go up for 5x since fork was made.

I can't understand that jump of Bitcoin and other crypto stay, looks like big manipulating spoofy way.

There is no specific relation between NEO and bitcoin. Neo is just another alt coin which is behaving as the market of bitcoin is moving. The NEO/BTC pair is not new, almost all the altcoins are paired with bitcoin because everyone wants to earn bitcoin which can be earned by selling the altcoin. NEO just got invested because to was around 5 dollars at the movement of hard fork and when the hard fork was happening people were finding back up source to store the bitcoin and NEO was best project to do this. That was just another factor that pumped this coin and another was its publicity and public support really.

FYI: me too invested in the NEO at the hard fork that why I'm close to this topic. :-)
834  Alternate cryptocurrencies / Altcoin Discussion / Re: Your biggest altcoin regret? on: August 14, 2017, 05:09:27 PM
My regret is about almost very new coin thats NEO. I knew about it when it was first promoted with the signature campaign and it was worth $6 after the ICO launch. My friends told me to invest into it but I did not really followed the path and chose not to invest. And have you seen the price of NEO today? Its @50 USD thats 8 times of what I saw initially! Thats really amazing how these coins can take leaps in the market. Always regretted this coin investment. Anyway hope to see my next target to grow like this.


835  Alternate cryptocurrencies / Altcoin Discussion / Re: How about them WAVES!!?? on: August 13, 2017, 01:24:28 PM
It seems to be nice idea to invest into waves. There signature campaign is still running on and they have very good response in terms of ICO valuation. The price might hit 200 dollars plus in coming year and it is another great opportunity to invest. Hope to see the waves as best ICO.
836  Economy / Economics / Re: Tell me a secret: any way to earn 0.1 BTC per week? on: August 13, 2017, 01:07:43 PM
There is no secret like that or any blue print to earn that much money per week. You may wanna try all the available options over the forum to reach that goal really. Just imagine by doing signature camps, twitter camps (available numerous) and selling your skills for ICO development can generate you the much money. Saving bitcoin is another way to have it achieved. As you can see bitcoin already reached 4K value it is worth earning small bitcoins also if you think of money in terms of fiat currency.
837  Economy / Economics / Re: Bitcoin ATM Profibility? on: August 13, 2017, 12:52:27 PM
At the movement bitcoin ATM is very profitable because it is completely new concept. At least for the implementation of ATM has not started with full operations all over the world. Remembered the thing “More demand more costly stuff is”. That makes it more easy for bitcoin ATM to attract more customers at the doorstep. Just imagine having no ATM in other parts will catch the public over to your machine and generating heavy profits. ATM’s charge are very good and you don’t have to advertise for services like this one. Im hoping you will boost your earnings a lot with this.

838  Bitcoin / Bitcoin Discussion / Re: What are you using bitcoins for? on: August 13, 2017, 12:29:05 PM

With the availability of hundreds of stores now, Im using it for shopping online and buying cheap miners from the forum itself. Bitcoin makes it easy when I have to buy something in USD value. It feels very cheap to buy as bitcoin price has grown so much now a days. I just love it the way it is working currently. In my country few clubs are present which gives away beer in exchange with bitcoin by scanning the QR codes. Very easy to do purchases and I am meeting new people at the club who gives out so many ideas to use the bitcoin really.

839  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: August 13, 2017, 12:10:14 PM

Bitcoin is not a risk but it is opportunity to earn huge amounts of dollar bills. Bitcoin has really shook the prices of bitcoin with recent hard fork that passed away. It has corrected the blockchain technology very smoothly and love the fact that everything is on the positive side.

I would be happy to buy more bitcoins at this very movement even though the price of bitcoin is worth 4K. I believe that bitcoin will rise even more than this and could profit me more. Im imagining about those people who might have invested at the start of this year when the price was dropped to 700 USD. Thats just insane profit and would love to have chance like that for me too. Keep investing its an opportunity!
840  Economy / Service Discussion / Re: bitaddress.org - wallet question on: August 11, 2017, 05:45:44 AM

Do I understand correctly that one wallet consists of one Bitcoin Address (Public Address) and one Private Key?


Like in this case we can see 3 different wallets.




Am I right?



Yes you are completely right mate. You can have as many addresses you want but remember to store the generated private key with the paired public address. If you loose the key then you loose all your funds on that particular wallet. If you want access the funds then you can try few of the well known wallets which support opening of wallet by using bitaddress shared keys and private keys. It's always yo print these keys or you can take screenshot as option to save them. 

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