I see you've been bragging about those 10 btc in escrow, but let's see if it DOES actually make sense: assuming you are a new market player and so have a relatively small amount of customers, your cap of simultaneously mixed coins is 100 btc (for simplicity) and that's where exit scam happens (for whatever reason, we are just assuming here). And let's say there were 100 people where everyone was mixing a single coin, which means that if the escrow will be WILLING to collaborate and allocate funds proportionally then everyone gets 0.1 btc.
Does only for me this thing look ridiculous and proves absolutely nothing? Keep in mind that we have an optimistic 1 to 10 ratio here (escrow/mixer), so if the real turnover is higher than you'll probably get like a few satoshis or so from the escrow.
Good luck with establishing trust but imo this is not the right way of doing it.
1:10 ratio for BTC10 and BTC100, yes, it is not balanced. But the thing is; everyone is free to mix small amount several times if they are doubting a mixing service, not only this one (does not intend to defend this site). But, a mixer service actually doesn't need to escrow funds, in this case just for insurance but you said this is not the right way of doing it? Maybe you should mentioned about the right way to do it. There is another mixing service which doesn't escrow their funds at all, only based on their trust in this forum. On the other hand, every mixing service could manage to collect fees from all of transactions which is profitable without have to scam people, trust is more valuable than BTC1 at a time or BTC10 in different time frame |
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Once again, a statement from former Goldman Sachs.
Indeed, I don't buy words from a retired bankers whose expertise to deceive the people.
Banksters always doubting bitcoin in the future and tend to spread FUDs news about bitcoin which has been proven overcome all the obstacles during its journey. Bitcoin still in the early of development and could reach $5000, what will happen in 5 or 10 years later? No one knows, but according to current growth and bitcoin demand across the world, it seems bitcoin price will continue to increase and once again beat all of those people who doubt it.
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What I would like someone to explain me is how 2X is better than Core?
It seems everyone is driven by passion and the only one who have strong arguments are those against 2X, I have read some nasty things about 2X.
What concern me the most is the lose of decentralization that is a NO NO for me. enough of the China manipulation and mining kingdoms.
Have you read the article mentioned above? https://bitcoinmagazine.com/articles/2x-or-no2x-why-some-want-hard-fork-bitcoin-november-and-why-others-dont/ It's clearly mentioned about 2X advantage which is better than Core such as; lower transaction fees and/or faster confirmations with 8Mb block size, but it's not enough, right? due to 2x has too much risks to be implemented into bitcoin nodes. Bitcoin core developers have ensure to make 2x hard fork become another altcoin, whether it will be successful or not, only time will reveal the truth. Here another article; https://medium.com/@jgarzik/why-segwit2x-is-the-best-path-for-bitcoin-d9a4103f2fda |
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It'll be similar to BCC at best; at worst it'll be ignored all together. everyone is behind bitcoin and think it should remain in the 1st place, and they are not wrong.
Bitcoin Gold isn't anything special, and will definitely not cause Bitcoin any harm. It will fork out this month, end then function as pure altcoin that from that point has no ties with Bitcoin anymore. The only reason people get excited about Bitcoin Gold is that it will allow them to cash out the coins they obtained without doing any effort. Once people are done dumping, this coin will eventually dry out. I will cash them out likely at the very early stage, or wait for the initial dumping to stop to get the most out of this 'opportunity'. I however don't expect its price to be anything spectacular like how BCC has been pumped. Yes, people expected to get free coins after hard fork, just like happened with Bcash free distribution to everyone, but the news remain unclear imo. I've read about BTG will be sold through ICO, You may want to read this; https://bitcointalk.org/index.php?topic=2133536.0it will be sold to ico investor.
1BTC=10BTG.
this ICO will help BTG chain the longest Bitcoin blockchain.
all rised BTC will used to hire developors, advertisement, etc.I can't find an official ANN thread of BTG hard fork, if there is a thread to get more information about it, will be helpful. But, you may right, BTG hard fork won't harm bitcoin price instead of encourage people to buy more bitcoin due to "air drop" expectation. |
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Your experience is the best teacher, but others experiences are better, as you can learn trading properly without have to losing so much money.
People may said; you can read how to learn trading in this site or those sites, but it will be different to read and doing trading.
The problem is how to find someone that willing to teach you? For the first step; looking for trading group in this boards, watch over their activities and find someone which really exxperienced, you should pay him obviously. But, if you can't or don't want to spend your money to learn by others experiences, do it by your own.
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Current price of bitcoin is over $4800 across the global exchanges and more likely continue to increase.
Bitcoin recover to $5000 in this week and maybe reach new ATH in the next week, but hold on a second; do you realize what always happens whenever bitcoin reach ATH? it will continue to rise or will be dumped soon. Bitcoin may reach $5K today or tomorrow, but if most traders and/or big whales cash out their profits, we will find the price fall down again.
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No, it's not the end of ICOs, but a better step to get legit projects due to government regulations. More countries ban ICOs such as in China and South Korea, on the other hand Russia have warned their citizens to be aware of the high risk ( https://www.coindesk.com/russias-central-bank-issues-warning-cryptocurrencies-icos/), but most coutries doesn't have regulation about it and first world countries planned to regulate it ( https://cointelegraph.com/news/in-wake-of-china-ico-ban-japan-singapore-us-give-crypto-second-look) - Japan’s Financial Services Agency (FSA) is looking at how to handle ICO’s to reduce money laundering and fraud. This includes establishing specific accounting rules on how to treat cryptocurrency transactions.
- The Monetary Authority of Singapore, said in a memo in August that it intends to regulate the sale of cryptocurrencies if it relates to products under their securities regulation. Their main concern is the potential for money laundering and terrorist financing through the ICO process.
- US Securities and Exchange Commission (SEC) website urge buyers of digital tokens to be vigilant and provide them with ways of identifying investment schemes that could be used for nefarious purposes. |
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Maybe we could expected France will join into crypto business in 2018 after their regulations about cryptocurrency is done.
Most interesting part is; By becoming more Bitcoin-friendly, Paris could more decisively overcome the advantages of its competitors (Frankfurt, Dublin, Luxemburg, London). At least Robert Ophèle as the Chairman of Autorité des Marchés Financiers (AMF) had pointed out their intention to regulate cryptocurrency and ICOs to ensure investor protection. Another acceptance from a big country like France will allows bitcoin trading volume increase and encourage more adopters to invest in bitcoin.
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There are plenty of similar thread asked whether a site is trusted or really profitable, then more newbies stated this and that sites are scam,
after check those sites, it turns out as unknown and not legit sites. Most victims are newbies who tried to find an easy way or cheaper price to get more bitcoin or mining hardware. Don't they get the lesson? Don't they do a research before invest or purchase something?
It's a common rule before spend your money on something, do not be easily fooled by fools people.
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There will be always possibilities for bitcoin prices in the future, but I doubt if bitcoin can reach $10K caused by segwit2x.
Bitcoin scheduled to experience another hard fork by the end of this month, BTG will be created from bitcoin nodes but the puzzle remain a mystery in my opinion. Time will reveal the truth about the next bitcoin hard fork and how it's affect bitcoin price, whether people will get free coins or not.
Whether BTG price could reach over $1000 like BCash did before or won't ever surpass $500 mark.
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Appreciate your works, another tool to monitor cryptocurrencies and pool statistics (hashrate / balance), moreover it has been certified with virustotal. I would like to give it a shot, but fortunately it doesn't support Windows 7? as all I can see is download for windows 10 x64.
And what if my favorite crypto are ethereum, dash, bitcooin cash and bitconnect? I admit, it may need more money and time to develop it, then thanks for your efforts.
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Buy and sell bitcoin should be based on recent news about bitcoin development and acceptance, current price seems recover to $5000 again, which can be achieved anytime soon. If we're look at bitcoin charts, in the end, bitcoin price will increase and reach another ATH, it just time matter to be patience or be involved in bitcoin trading, looking at the price almost 20 hours and sell it based on % profits calculation. Whoever could be patience and wait for min 6 months will make more money than people who always sell bitcoin due to panic sell whenever bad news occurs.
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To online stores have begun to accept bitcoins must be created certain conditions. One only of the growing popularity for this little. This year bitcoin started his division and it will not add to his popularity from the sellers. Transactions are long and it makes it impossible to use bitcoins in offline stores. There are still many problems.
Bitcoin can be used for offline stores, owners can applied bitcoin API based on local exchanges in their country as there are a lot of businesses and companies which accepted bitcoin payment in Japan, US, Netherlands, even in Dubai using the same system to manage bitcoin payment. If you consider bitcoin require 10 min to be confirmed or price volatility, there is some third party which offer to be a middle man to convert bitcoin payment such as BitPay, here some news about it. https://news.bitcoin.com/luxury-dubai-high-rise-apartments-will-be-sold-for-bitcoin/https://news.bitcoin.com/aliant-payment-systems-partners-with-bitpay-to-enable-bitcoin-transactions/ |
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I don't think it's worth for layman, it will be useful only if someone need to deceive others or take a shortcut just in case.
Social phone-verified account must be relate to someone and could be accessed at anytime, if I want to buy an email account, youtube account, twitter account or phone verified account, sometimes it require phone verification which will be problem if I don't have it.
Once again, it will be useful but not for everyone, no need to take a shortcut and it will be more safer and reliable if you create your own accounts and build it from the start.
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The only honest answer is: for as long as two people or more believe Bitcoin has use and value.
The schedule for block rewards is set to extend out to the year 2130 so bitcoin mining (in its true sense) can continue for that long as long as there are transactions to produce work for.
Maybe an equally good question is: what could end bitcoin? If we think about it from that perspective we can identify what threats exist to seriously harm bitcoin.
One such risk is Governments. They can ban the use of bitcoin among retailers which would seriously diminish the opportunity for adoption growth.
What else?
Short answer; no one knows about bitcoin in the future. Yes, bitcoin worth because people really think it's worth something. As long as people could buy-sell bitcoin or use it across the world, bitcoin won't vanish or worthless. There are few countries already banned bitcoin, but more will follow due to illegal funding or anything about illegal activities. But, bitcoin price will not crush just because some countries ban bitcoin, due to bitcoin trading volume spread widely, and most of them are in US, China, Japan, South Korea, HongKong, every country which has bigger exchanges. What else? Nuclear war, could damage all electronic devices, if it dropped on exchanges locations, just imagine what will happen next. |
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No matter what, bitcoin users will glad to have another big mining farm in Japan with 7nm ASIC. Japan is the only country that has been legalized bitcoin as legal payment, maybe because the founder 'Satoshi Nakamoto' is a japanese name. It is a significant development from Japan to contribute in bitcoin environment since over 60% of all Bitcoin mining hashpower come through Chinese mining pools and every regulation regards cryptocurrency in China will affect bitcoin price as happened before, just in case China will take further action which might be detrimental for miners in China.
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So far there is two version of BTG news. Whether it will be another free coin just like Bitcoin Cash or will be sold through an ICO. If we can get free distribution of bitcoin gold, then keep all of your bitcoin out of an exchange due to some exchanges or trading platform will give this coin to you tardy, just like Coinbase. You may want to read this; https://bitcointalk.org/index.php?topic=2133536.0ICO
BTCGPU will create 16000 blocks after forked from No 478558th Blcock.
every block 12.5 BTG.
it will be sold to ico investor.
1BTC=10BTG.
this ICO will help BTG chain the longest Bitcoin blockchain.
all rised BTC will used to hire developors, advertisement, etc. |
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Thanks for the replies and advice. It was not a huge amount of money at all, am just feeling even less confident than I was previously about using bitcoin and/or a mixing service again. It is my fault and a mistake I will not make again.
Less confident? Then why you've tried to used https://bitcoin-mix.com/ in the first place? There are some mixer services which advertised arounf this forum and you have chose an unknown mixer service. People really have to do their research before send bitcoin into any sites that offers mixing service. After bitmixer has closed their service, there are plenty of mixing service arise, and you will find it in this section; https://bitcointalk.org/index.php?board=84.0. At least you have warned us about this site and you have sent just small amount of bitcoin, right? |
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Nothing for sure if we're talking about bitcoin price as people may intrigue to sell bitcoin at current price, then many people will follow which cause bitcoin price get corrected. People tend to cash out whenever bitcoin reach another ATH, or at least at some point bitcoin reach $4800-$4900, just before it reach certain price like $5000. But, there is no any bad news so far that may affect bitcoin price, and don't know about good news regarding bitcoin acceptance somewhere across the world, so it just a normal price I guess.
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Only few countries wants a piece of cake from what you've earned through cryptocurrency, and the most famous is USA as everyone have to report their profits from buy and sell to IRS. The IRS issued guidance on the treatment of Bitcoin and other digital currencies in their March 2014-21 Notice. The notice clarified the position that the IRS treats digital currencies as capital assets and are therefore subject to capital gains taxes. https://en.bitcoin.it/wiki/Tax_compliance. Fortunately, not in my county. People are free to trade bitcoin or altcoins as long as your transactions still not big enough to get attention from financial department due to there is a regulation about money transactions, to be transferred or received in a day. Keep on low profile, and all of your funds will be safe. |
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