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1  Other / Off-topic / Re: Would you give bitcoin as a wedding gift? on: August 01, 2017, 12:03:47 PM
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Some tech-savvy wedding-goers are gifting the digital currency to new couples. Honeyfund, a honeymoon registry that allows guests to give cash rather than gifts, has seen more than a dozen customers donate in bitcoin, said chief executive officer and co-founder Sara Margulis. In recent years, more than a dozen customers have chosen to route donations to the site from bitcoin wallets. Zola, a wedding registry website, has had just two cash funds created for bitcoins since 2013, a spokeswoman said. "I would expect it to pop more as millennials come into the wedding age,” Honeyfund’s Margulis said. “It’s something you will do if your friends and family are already into bitcoin.

Bitcoin as an retirement plan, bitcoin to secure the future of your kids, and now bitcoin as a wedding gift. Whether or not bitcoin replaces cash in future, it looks like the trend of gifting bitcoin instead of cash at weddings is definitely going to catch up and more wedding registeries would be adding bitcoin as a gifting option.

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Avoid using a wedding gift "as an opportunity to proselytize a technology you personally believe in, but the recipient could not care less about."

People who are not into bitcoin might not appreciate getting a volatile currency as a gift, and might never use it, thus adding it to the list of lost coins, but I think people who are already using bitcoin or would most probably use it in future then bitcoin instead of cash is the apt wedding gift for them.

http://www.marketwatch.com/story/would-you-give-bitcoin-as-a-wedding-gift-2017-06-27

I would do it if my partner understood about bitcoin and appreciated what I gave her.
2  Bitcoin / Bitcoin Discussion / Re: Invest in bitcoins today and be a millionaire in the future! on: August 01, 2017, 10:55:43 AM
http://www.c[Suspicious link removed]m/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html

Have you heard of the story of a 12 year old kid who wagered with his mom that if he will be a millionaire at age 18 he will not go to college. To his mothers surprise he is now a millionaire and never went to college. His secret he bought bitcoin at 12$ with a 1000 $ gift from his grandmother.

If we also dream of getting rich in the future it is now time to invest in bitcoins. Many said that we will be experiencing bubbles more often, that is true but we have survived it and still bitcoin keeps moving on.

If we want to get rich invest in bitcoins today. The price of bitcoin today is at 2600$ and moving up but imagine its value 5 to 10 years from now.

I would like to be optimistic about bitcoin too, but then I have a nagging doubt, what if governments worldwide ban bitcoin?
3  Bitcoin / Bitcoin Discussion / Re: The reason that keeps me from investing in bitcoin on: August 01, 2017, 10:25:51 AM
Hello everybody.

I would like to invest some money in bitcoin, I don't use that money and I don't need it for the next 2/3 years.
I thought I found in bitcoin the perfect way to invest. BUT when I see the fees applied I don't see how the bitcoin will become mainstream! The fees are around 1mBTC which is approximatively 3$. Therefore what is the point of bitcoin?

The only thing I see : big amount transaction

But bitcoin won't be the money you use to buy your sandwich with those fees!

I saw a post saying: yeah burger king is willing to accept bitcoin in russia. Hopefully mcdonald will follow ! But why would someone pay 3$ fee therefore a third of his burger king menu in fee?

Will segwit may lower the fees?

Thank you Smiley

Keep bitcoin as an investment. Buy it, wait for it to rise, and then sell it.
4  Bitcoin / Bitcoin Discussion / Re: Is bitcoin is the new era of currency? on: July 31, 2017, 01:27:12 PM
Since bitcoin is trending now world wide because you can easily earn this and it exchange in real cash. Is bitcoin the new value of currency in the internet? Is he the new money? Can we use it in buying foods and etc in the future?

Bitcoin is fast becoming the new money. It might not replace traditional forms of payment, that is fiat currencies, but it might affect their market share in a major way. Here's a list of platforms which accept bitcoin for payments-- https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/
5  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: South Korea to Legalize Bitcoin!!!! on: July 31, 2017, 12:12:54 PM
This hot news is currently breaking on all the wires. South Korea is on the verge of legalising Bitcoin. Fill your bags...

https://www.cryptocoinsnews.com/south-korea-preparing-legalize-bitcoin/

Updates to follow as we receive them...

This is great news,indeed! Legalization will attract a lot more people to start using cryptocurrencies and hopefully, we will see a day when cryptocurrencies become as mainstream as fiat currencies. And perhaps, we might even see a time when more countries have legalised bitcoin and it becomes a sort of a universal currency. No forex required when you go to a new country. But of course,all of this is wishful thinking.
6  Bitcoin / Bitcoin Discussion / Re: Do I need to worry about my bitcoin holding after August 1st? on: July 31, 2017, 11:45:00 AM
Hi All,

I mostly use my hardware wallet to save most of my bitcoins where I have access to my private key.

However, I also keep a good amount of bitcoin in my online BlockChain wallet for quick trading transfers.

my question is, do I need to worry about my bitcoins I hold in my online wallet? Will it be safe? What can be the consequence of of August 1st network split on my bitcoins?

Can anyone please give me an answer?



Firstly you must ensure that the wallet your bitcoins are in will support BCC or not and its take on the recent developments in BTC. What i can infer from my knowledge is that your BTCs will either be converted into BCCs or might get nullified if the exchange is planning to derecognise BTCs i.e. it has its alignment with BCC.
7  Bitcoin / Bitcoin Discussion / Re: The superiority of Bitcoin on: July 29, 2017, 12:05:03 PM
Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Bitcoin has the largest market cap and its going to be really really difficult for any cryptocurrency to become that big anytime soon.
8  Other / Off-topic / Re: What's your way of spreading Bitcoin knowledge? on: July 29, 2017, 11:26:02 AM
Personally, if I'm in a coffee shop or any store with some people, I pull out my wallet and subtly show them my Xapo debit card. Then they get curious on what kind of card is that since it doesnt look like the usual Mastercard or creditcard. Then I explain it from there on.

What's your way of spreading Bitcoin knowledge? Smiley

My friend's a high school computer teacher in Thailand and he conducts classes after school on blockchain tech. This is how he introduced bitcoin and other applications of blockchain to his students. He tells me that they are quite fascinated by it and some of them even want to become blockchain engineers.  Smiley
9  Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: Satoshi Nakamoto Is Dead!!! on: July 29, 2017, 10:46:41 AM
Note: this is a theoretical thread to discuss what would happen to Bitcoin, its price, and fanatics if it was suddenly revealed who is Satoshi Nakamoto and that they are now deceased.

What would happen to:

1. Bitcoin technology;

2. The price of a Bitcoin;

3. How would the community feel.

Discuss.

1. Nothing at all is going to happen to blockchain tech. Things will go on as they are.
2. Speculative price movement might increase if her/his identity is found out.
3. The world would want to thank him for his great invention.
10  Bitcoin / Press / Re: [2017-07-26]ViaBTC Launches Bitcoin Cash, the UAHF Token on: July 28, 2017, 09:04:28 AM
Update: It seems inaccurate to call BCC futures as users already exchange it for cash on ViaBTC and OKEX, so I will stop trying to define it.
Cheesy It is just a pretty attempt of marketing by launching coin as future of bitcoin. I can't imagine how horribly the community going to react after August 1 when it will be listed on major exchanges. 99% of users going to sell off right after acquiring the coins. Believe me, prices will be nothing more than 0.005 BTC in a week or so after release.

All big fishes attempt to create a panic amongst the less experienced users. What i can see that the initial picture after aug 1 would be a havoc caused in the market with majority of investors loosing their money, while thebigger ones trying to cash on this opportunity. Due to lack of clarity regarding the developmentsof Bitcoin fork bitcoin investors are doomed.
11  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: July 27, 2017, 08:09:05 AM
What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?

I've never actually experienced anything like this before, I just want to be prepared when it happened to me.

Don't talk to those people about bitcoin then. You can't force them to like or not like anything.
12  Bitcoin / Bitcoin Discussion / Re: Can cryptocurrency make real money disappear? on: July 26, 2017, 01:51:31 PM
What are the chances of living in a world with no actual money ?  Shocked

Till the time we ruled by central authorities, we cannot dream of having a cryptocurrency-ruled economy. These central authorities will not let bitcoin take the place of fiat money. After all, cryptocurrencies do have an element of anarchy to them.
13  Bitcoin / Press / Re: [2017-07-26]BTC's 10% Plunge Reveals Underlying Concerns About Currency Split on: July 26, 2017, 01:40:13 PM
Excerpt
Bitcoin’s volatile ride continued Tuesday, with prices dropping to their lowest in five days as concerns over the activation of SegWit2x weighed on investors. Bitcoin (BTC/USD) plunged more than 10% on Tuesday, reaching a low near $2470.00, according to Bitstamp. The drop erased most of the progress made last week after developers apparently agreed to avoid a currency split. Uncertainty Over SegWit2x Various news sources, including The Wall Street Journal, reported last week that the vast majority of developers signaled support for a new software protocol. This protocol, dubbed BIP91, is intended to resolve differences between the User Activated Fork…
You can read the full article here (https://hacked.com/bitcoins-10-plunge-reveals-underlying-concerns-currency-split/)

I am not sure if I should retain my investments in altcoins. I have invested in IOTA, EOS and NEO. I don't know if I should keep my currencies or sell them before its too late.Please suggest guys

I would get out if I was you. Not a very good time to be letting money stay in the market. Segwit and BIP91 have already caused a lot of damage.

Segwit will actually be good for bitcoin in the long run, the amount of pending transactions is rising everyday and it is not helping the bitcoin network. But people are misinterpreting Segwit as something negative.
14  Bitcoin / Press / Re: [2017-07-26]BTC's 10% Plunge Reveals Underlying Concerns About Currency Split on: July 26, 2017, 01:24:25 PM
Excerpt
Bitcoin’s volatile ride continued Tuesday, with prices dropping to their lowest in five days as concerns over the activation of SegWit2x weighed on investors. Bitcoin (BTC/USD) plunged more than 10% on Tuesday, reaching a low near $2470.00, according to Bitstamp. The drop erased most of the progress made last week after developers apparently agreed to avoid a currency split. Uncertainty Over SegWit2x Various news sources, including The Wall Street Journal, reported last week that the vast majority of developers signaled support for a new software protocol. This protocol, dubbed BIP91, is intended to resolve differences between the User Activated Fork…
You can read the full article here (https://hacked.com/bitcoins-10-plunge-reveals-underlying-concerns-currency-split/)

I am not sure if I should retain my investments in altcoins. I have invested in IOTA, EOS and NEO. I don't know if I should keep my currencies or sell them before its too late.Please suggest guys

NEO has potential to grow. The Chinese government is backing it so it won't fall flat on its face even in the worst of circumstances. So I think NEO is a safe bet.
15  Bitcoin / Press / Re: [2017-07-22] Cryptocurrency is in Dire Need of Appropriate Exchange Regulation on: July 24, 2017, 01:38:45 PM

Cryptocurrency is in Dire Need of Appropriate Exchange Regulation

http://dnotesedu.com/2017/07/cryptocurrency-dire-need-appropriate-exchange-regulation/

I think a decentralised exchange will be a better option.
16  Bitcoin / Press / Re: [2017-07-21] predicting bitcoin markets is near impossible on: July 24, 2017, 01:32:41 PM
Predicting bitcoin markets is near impossible



There has been a lot of fear, doubt, and panic sweeping through the cryptocurrency world the last few days. Many people made doom and gloom bitcoin price predictions, especially this last Sunday when the price went into a bomb-propelled plunge. People and media sources said this could herald the end of bitcoin or suggest the”bubble” had popped. However, just a few days later, the price started to skyrocket again, vexing naysayers and overturning shortsighted predictions. Looks like they ate their words.

Bloody Sunday Price Analysis

For perspective, lets analyze recent price movement in greater detail. Prior to last weekend, the price was hovering healthily in the upper $2,000 range and flirting with a $3,000 peak. As the weekend rolled around, the price began to plummet. This occurred in lockstep with fearful signals that the bitcoin community would not be able to reach consensus on the scaling debate. So during the wee hours of Sunday, the price dropped roughly 10% to a devastating $1851.49, a record low in recent weeks.



Catastrophic Media Headlines and Price Predictions

During the price downturn, media sources exacerbated fear by writing clickbait headlines to scare people into a panicked frenzy. CBS news wrote on July 14, “Did a Bitcoin Bubble just Burst”? On July 17 Fortune wrote “Wipeout: Bitcoin and Other Digital Currencies in Price Collapse.”

https://news.bitcoin.com/predicting-bitcoin-markets-is-near-impossible/


Bitcoin market is too volatile. I guess people are playing by their instincts. Hence it is a strong man's game. The ones who falter are destroyed while the latter ones are millionaires.
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