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8741  Economy / Gambling / Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live! on: August 27, 2018, 08:16:37 AM
Feedback from wetsuit on the suggestions so far: "I was looking for something more exciting".

add more coins Smiley

We're going to be doing that anyway. I'm looking for an exciting way if giving our genuine customers a one-off bonus.

Well, this sounds nice. A lot of the people have been playing the Lottery for months and they have not won a single Satoshi. It will be a good incentive to give them some kind of bonus to reward their loyalty. In my country, our Lottery has a lot more small winners at the bottom end of the prizes, so there are always some kind of hope for these people that they would win something bigger in the future, when they win small prizes at the bottom.

It is just human nature to eventually stop trying, if you never win a single prize for years.  Roll Eyes

Albert Einstein said, “the definition of insanity is doing the same thing over and over and expecting different results" - I guess the crazy people like myself have been ideal examples of his theory.

At least I win a very small amount of money in my local Lottery, so I get some kind of reward to incentivize me to keep on trying for the big jackpot.  Roll Eyes
8742  Other / Beginners & Help / Re: A beginner question on: August 27, 2018, 07:31:11 AM
You will have to give us a little bit more information. If we know what wallet provider you used, then we could tell you if there are withdrawal limits for "new" accounts on that platform. As some of the previous posters pointed out, some of these wallet providers have put some restrictions or limits on certain features, until you provided them with KYC/AML information.

We can also tell you if the wallet provider that you chose to use, is a scam site and give you tips to avoid these sites. So you might get better help, if you give some more detailed information.  Wink
8743  Economy / Economics / Re: Which form of investment has highest ROI? on: August 27, 2018, 07:21:02 AM
Real Estate does not guarantee any kind of ROI in all circumstances, because you can buy a nice house or flat in a poor neighbourhood and things can turn out very bad when you want to sell it. A lot of people look for the "fix me" bargain deals and they spend a lot of money to renovate a property and over spend on the property. <They have to sell at a loss, because the market might be bad>

I think the Real Estate market is even more risky than Crypto currency investments, because a lot more can go wrong with property investments.  Roll Eyes
8744  Bitcoin / Project Development / Re: Upfiring - An open-source, smart contract-based torrenting dApp on: August 27, 2018, 07:11:48 AM
Is this the goal of this project? https://www.reddit.com/r/Upfiring/comments/95vn5q/upfiring_tweet_blizzard_entertainment_facebook/ or can you share any kind of file or files?

Why would you want to encrypt the file and what is the file size restrictions?

Also, why did you opt to use Ethereum instead of Bitcoin for this? I would have thought that Bitcoin with the Lightning Network would be the ideal use case for this.  Roll Eyes
8745  Bitcoin / Bitcoin Discussion / Re: Crypto is dangerous.... on: August 27, 2018, 06:58:33 AM
So, in short what happened here was this. The student was too lazy to study and he or she decided to concentrate on something else that could give him or her short term wealth. The student thought Crypto currencies will be the "Get rich quick" scheme of the century and studies was not important.

OP, says the studies was the first priority, but when you fail several subject, it clearly was not the first priority.

Lesson : Do not look for a quick way out and also do not blame the technology for your failure.
8746  Bitcoin / Press / Re: [2018-08-27] The Chinese crypto community doesn't seem to be bothered by the ban on: August 27, 2018, 06:48:37 AM
They only banned Crypto currency ICOs in my opinion, so I do not know why this is news worthy. In most instances it is business as usual and the miners are still mining and the people are still trading. I know some of the miners moved their operations to other countries, when the ICO ban started.  Roll Eyes

In the end it comes down to politics and the Chinese governments obsession to control all aspects of their citizens lives. Bitcoin is a threat, because it can be used for capital flight and it gives Chinese citizens financial freedom and their government hate that.  Tongue
8747  Bitcoin / Bitcoin Discussion / Re: Where is 600 billion? on: August 27, 2018, 06:31:18 AM
Market capitalization is a meaningless metric, but we cannot deny that some money shifted away from Bitcoin and that the price suffered as an result. Usually when a commodity rise to a ATH, people will take profit and they will start selling some coins and a lot of that money are converted to Fiat currency.

A correction was inevitable, so we will just have to accept that and move on to the next ATH. <rinse and repeat>
8748  Bitcoin / Press / Re: [2018-08-24] The SEC Admitted Being Too Hasty When Rejecting Bitcoin ETFs on: August 26, 2018, 07:37:12 AM
I would just ignore these C@ckteasers, because that is what they are doing. They keep the door open just wide enough to give people hope that they might accept a SEC application and then they shut the door in their faces. The SEC has a clear agenda with these games and that is to frustrate Bitcoin hoarders.

They think they can manipulate the Bitcoin price, by playing these games, but the last rejection hardly had any impact on the price, because the speculators has picked up on what they are doing.  Grin

You bet they know what they're doing! They know they will never approve these ETFs. At least not this year until they properly get to grips with Bitcoin and crypto (I bet you the Commissioners are spending sleepless nights poring over reports and hiring blockchain people to fill them in).

But they're staying their decisions now only because they know they also have to present themselves a little less harsher. What with them opening up applications for public comments, their own Commissioners speaking out and probably half of them also already surreptitiously dipping into Bitcoin. They've got to present at least a partiality to reconsider, if not soften their stance down the line.

What "upsets" me is the speculators happy to make money off these moves. Damn them Wink

Sorry to correct you, but I doubt that they ever had a mandate to approve these ETF applications. The politicians higher up has made the decisions for them, they are just the puppets that are used as a tool to speak for the real decision makers.

A lot of people other than the speculators have realized that and they are shorting the shit out of this now. Fortunately these people can only do this for a short period and then the market start to price in these poor decisions.  Grin
8749  Economy / Exchanges / Re: Coinbase got hacked??? on: August 26, 2018, 07:21:00 AM
There would have been a huge outcry in all the major social media platforms if Coinbase was hacked. So I would rather say that you were hacked or that Coinbase ToS agreement was broken in some way and they moved your funds. I know Banks close "dormant" accounts if it goes unused for some months. <Coinbase is acting more like a Bank these days>

Did you log a support request yet?
8750  Bitcoin / Bitcoin Discussion / Re: China banned ICO's not Bitcoin idiots! on: August 26, 2018, 07:14:59 AM
I think China has an economic impact. The current bitcoin has reduced prices. So the Chinese government banned Bitcoin. Not just Bitcoin, but all types of digital currency have been reduced. So China is facing financial threats.


This is the kind of thing that tip me over! Have you even read the f$%$%^ content of this thread or did you just read the heading and even got confused by that? We are talking about this exact same thing, where people and news media distort the news by posting nonsense, because they do not care to read or to do proper research.

I should simply report people like this for shitposting.   Roll Eyes
8751  Economy / Economics / Re: how to save money? on: August 25, 2018, 08:14:19 AM
Let's make this thread applicable to Bitcoin and rephrase the question, "How to save bitcoins?"

1. Only use disposable income to buy bitcoins.
2. Avoid spending too many coins on cheap consumer goods.
3. When you buy something with bitcoins, replace the amount of coins that you spend to prevent future regret, when the price skyrockets.
4. Hoard 80% of all the coins you buy and spend 20% to support the merchants that accepts Bitcoin.
5. Do not panic with every small dip in the price. <Most of the time, this is being fueled by speculators and FUD>

Hope this puts a new Bitcoin spin on this topic.  Grin
8752  Bitcoin / Press / Re: [2018-08-21]Zimbabwe: Crypto is a Criminal's Best Friend, the 'Social Engineerin on: August 25, 2018, 07:54:18 AM
How funny that the biggest criminal in that country is the government. They ordered a land grab <stole> people's land and chased them out of the country and with the resent elections several people were killed and the election results were rigged to keep them in power.  Shocked

Now they want to point fingers at a technology that would empower their people to retain the value of their crippled currency and also a technology that would give them financial freedom. Mugabe is gone and the next dictator just took his place on the throne.  Roll Eyes
8753  Bitcoin / Press / Re: [2018-08-24] The SEC Admitted Being Too Hasty When Rejecting Bitcoin ETFs on: August 25, 2018, 07:42:12 AM
I would just ignore these C@ckteasers, because that is what they are doing. They keep the door open just wide enough to give people hope that they might accept a SEC application and then they shut the door in their faces. The SEC has a clear agenda with these games and that is to frustrate Bitcoin hoarders.

They think they can manipulate the Bitcoin price, by playing these games, but the last rejection hardly had any impact on the price, because the speculators has picked up on what they are doing.  Grin
8754  Alternate cryptocurrencies / Altcoin Discussion / Re: Are old coins no more profitable on: August 25, 2018, 07:33:33 AM
Alt coins are like most fashion trends, which is that most "new" fashions/Alt coins gets a lot of attention when it is new, but the interest fade away over time. Some old fashions/Alt coins come into fashion again, when someone shine a light on them or when they get pumped. So it is all about the marketing/pumping of these Alt coins or if some popular platform starts to accept those coins for some reason.

Some fashions/coins always stay in fashion... like Bitcoin and Jeans.  Grin

 
8755  Economy / Economics / Re: How to save money on a long-term period on: August 25, 2018, 07:08:34 AM
How does the hoarding of ferrous metals like Steel, Carbon Steel, Alloy Steel, Cast Iron, Wrought Iron, Aluminum, Copper and Lead have anything to do with Bitcoin? You know Bitcoin cannot rust and it takes no physical storage space and you do not have to bother with rodents being attracted to your storage facility, because you have large amounts of items that are stored over a long period. <This will also require additional security to guard these metals at your storage facility>

You are also restricted, based on the size of this storage facility. There are no limit to the amount of bitcoins and the value of these bitcoins that you can hoard on a single piece of paper.  Cool


Agree, that's harder than expected, but storing millions of dollars bitcoin securely is very easy and I think in terms of investment, bitcoin is clearly better asset now.

Well, I will not define it as an asset, even though Wikipedia says in financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset.

I tell you, if you approach most people on the street and you ask them if they would rather store 1 million dollar worth of bitcoins in a paper wallet or a whole warehouse full of metals, then most might say that they would opt for the paper wallet.  Roll Eyes It is much less trouble and effort to store a paper wallet. <You just need to explain the paper wallet to these people first, because this is a new concept that are not broadly known>
8756  Other / Beginners & Help / Re: Faucets profitable? on: August 25, 2018, 06:59:56 AM
There was a time when major Ad companies were paying for faucet traffic and some of these Faucets made some nice profits, but they soon realized that advertisement traffic from faucet users are worthless, because these people are not an ideal target market. <In short, they are not big spenders>

A lot of faucets had to add extra gambling features to retain their users and to subsidize their faucet payouts. The remaining faucets are hanging by the tip of their fingers and some are losing money.  Roll Eyes 

The initial idea behind faucets was to grow adoption by giving people small amounts of bitcoin/Satoshi to start using it, but it quickly turned into a money making venture.  Angry
8757  Bitcoin / Bitcoin Discussion / Re: our steps to deal with bitcoin conditions? on: August 25, 2018, 06:50:20 AM
This was posted back in March when the Bitcoin price was around $6900, so looking back at that time, Bitcoin held it ground at the bottom end of the price. So, we are not recovering to the price, where we were in December, but we are not constantly going down.

We need to do the basics right, for us to increase the price. <Spread adoption / improve the technology / get more merchants and retailers to accept Bitcoin as a payment option.>

Most important of all, DO NOT sell your coins.  Tongue
8758  Other / Beginners & Help / Re: Have you recommended Bitcoin to your friends or family? on: August 24, 2018, 06:50:10 AM
You should always explain the risks associated with Bitcoin investment to your family and friends, before they invest in a high risk investment like Crypto currencies. I was lucky enough that my family and friends approached me for Bitcoin investment advice, so I did not have to approach them.

I am not saying that you should change your strategy with anyone else, outside of your circle of friends and family, but you risk a lot more, if you give bad advice to people in your inner circle of family and friends.

Always tell them that Bitcoin and Crypto currency investments are still experimental and a high risk investment.  Wink
8759  Economy / Economics / Re: How to save money on a long-term period on: August 24, 2018, 06:40:24 AM
How does the hoarding of ferrous metals like Steel, Carbon Steel, Alloy Steel, Cast Iron, Wrought Iron, Aluminum, Copper and Lead have anything to do with Bitcoin? You know Bitcoin cannot rust and it takes no physical storage space and you do not have to bother with rodents being attracted to your storage facility, because you have large amounts of items that are stored over a long period. <This will also require additional security to guard these metals at your storage facility>

You are also restricted, based on the size of this storage facility. There are no limit to the amount of bitcoins and the value of these bitcoins that you can hoard on a single piece of paper.  Cool
8760  Bitcoin / Press / Re: [2018-08-23] Banks Consume Over Three Times More Energy than Bitcoin, Research on: August 24, 2018, 06:24:50 AM
How are Bitcoin wasting electricity, if they are creating "money" in a more environmentally friendly way, than printing or minting money? You need paper pulp, cotton and linen for "paper" money and you need metals for coins. How much resources are used to manufacture that money and to destroy it, after a few years?

You have to transport it, store it physically and digitally and also circulate it and all of that use energy and electricity.   Roll Eyes

Do you still think, Bitcoin use more electricity than traditional fiat currencies?
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