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Bitcoin / Bitcoin Discussion / Re: Bitcoin great idea bad execution

on: December 05, 2018, 08:10:46 AM

Quote from: Red-Apple on November 26, 2018, 12:05:42 PM you are mistaken because things you are listing here have nothing to do with bitcoin or its "execution" but it is all about the way people have been using bitcoin and have been dealing with it. for example you can't blame someone who has seen the potential of bitcoin years ago and bought a lot of bitcoin for cheap price and became a whale today. for example about 3 years ago when people were calling bitcoin dead you could have invested $50k and buy 250BTC which is currently worth $1 million and be a whale but YOU didn't do it while others did. as for forks, it is how an open source project works. we can't close bitcoin's source! it is again the idiocy of people who bought those shitforkcoins... I have no issue with people how get earlier good for them as some one explained once they sell they are out of control could you explain the layer of exchange to get in with KYC policy and restricted constitutes list how come the coin which will replace the current Financial system is restricted based on country

Bitcoin / Bitcoin Discussion / Re: Bitcoin great idea bad execution

on: December 03, 2018, 08:39:17 AM

Quote How could you buy bitcoin without KYC? that would not be possible That is very ironically BTC is all about removing the man in the middle its about peer to peer its about freedom but it brought the worst man in the middle Exchange with KYC "know your customer" policy which is under total control of the banking system why they need to know their customers ? this not a banking system This is the biggest bad execution of BTC the only way for the public to get it is via exchange which will allow ONLY certain countries in addition to KYC exchange is worst man in the middle in BTC system BTC: will remove bank BTC:you need exchange to get it

Bitcoin / Bitcoin Discussion / Re: Bitcoin Destroyed me at all.

on: December 03, 2018, 08:17:02 AM

Quote from: melina152 on November 29, 2018, 09:43:21 AM Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time. my advise for you: 1- Sell half of your bitcoin 8BTC at the current rate 4 k so you get $32k Place an order to buy 5BTC at 3K that is $15K Place another order at 8.5 BTC at $2K that $17K Set SMS alert to watch the price if it goes above $5K or $6K it means its going up so you may cancel your order and buy at higher price but most likely it will goes down to 3 or 2 then recover keep waiting BTC will cross 19K again for sure its just a matter of time

Bitcoin / Bitcoin Discussion / Bitcoin great idea bad execution

on: November 26, 2018, 10:55:09 AM

I was very supporting the idea of a currency not being printed by government and peer to peer transaction so I fall in love with bitcoin but later discovered is not as it sounds here is the reasons 1- Whales control big percentage of the 21 M Bitcoin 2-they can manipulate the price 3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc 4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss I wish I cloud have reached to this conclusion earlier ====BTCNew Block added to the post BTC======= One Big point I forget to mention How any one can get BTC in the first place I can only think of five options if you know any other way please share it how come the currency which was built to remove the control of the government added very difficult levels just to get it 1-exchanges you have to submit your passport /ID /Address /Bank Account statement to exchange to approve your account and wait 1-3 months the reset of the options is very difficult too 2-1 cloud mining ( FREE Advise NEVER could mine its SCAM specially HashFlare Never trust bitcoin mining calculator like this one https://www.cryptocompare.com/mining/calculator/) they mislead you they will say this how much you will get after 1 year but they don't tell the difficulty level change every 2016 blocks (14 days) so any mining calculation is valid for 14 days max or less some mining ask for BTCto mine BTC (if I haveBTC I wouldn't have come to you) 2-2 hard wade mining its much cheaper and saver to buy BTC than to mine it 3- accept bitcoin as a payment for your service who will pay you with his BTC now if he is expecting it to reach new high higher than $19K 4- ask some one who own BTC to sell you ( people charge 20% more than the current price) 5- SCAM the people ask them to buy you new coin by BTC only and disappear the one barrier BTC need to cross to dominate all other currencies is public adaption when you go to your grocery store and find the price in BTC on the other hand its very difficult to get it in the first place forget about the complexity of the wallet and forgetting your key/password which mean total loss of all BTC your for a normal user

Bitcoin / Bitcoin Discussion / Re: Banking transaction is far much better than bitcoin so far

on: December 06, 2017, 10:52:27 AM

Quote from: Pursuer on December 06, 2017, 08:59:45 AM there are a lot of ways, could you please share more ways Quote from: Pursuer on December 06, 2017, 08:59:45 AM as I said you can use other methods, the P2P methods to buy bitcoin. buy from someone around you. I have someone that I always buy bitcoin from how much % he charge

Bitcoin / Bitcoin Discussion / Banking transaction is far much better than bitcoin so far

on: December 06, 2017, 08:44:32 AM

When I hear people criticizing the banking system and why we should move to bitcoin and I do agree with them at this point "money should not be controlled by any one " but they give the most worst example like the following script " in transitional banking if i want to wire you 1000$ I have to pay 35$ fee and it take 1 or more days to reach (which is not true wiring via banking exchange you can get it in few hours) while in bitcoin its cheap (True in wiring fee ONLY ) and Fast(True) BUT the do not speak about the tough joinery of how to get Bitcoin in first place you need of the following 1- 1 year of mining 2- 3 weeks to be verified by exchange plus 5$ -10% more buy 1 bitcoin 12000$ you pay 600$ -1200$ acquisition fee (which is crazy ) 3- local bitcoin the most expensive option 20% but the fastest (no exchange needed to verification ) but each bitcoin acquisition fee is 2400$ 4- accept bitcoin as a payment for your service (which assume your customers already bitcoin owners) we need to fix this two issues 1- the speed of getting the coin 2- the acquisition fee dropped to 1% or less this could be a great idea for ICO to resolve this issue even with exchange they put limit like in how you can buy

Bitcoin / Bitcoin Discussion / Re: Bitcoin and the false promises /I wish if we could get rid of all exchanges

on: November 14, 2017, 08:25:38 AM

I agree with you its in my country but its against the CORE value of bitcoin Any one with Internet can get bitcoin why this issue not been addressed by bitcoin community removing the second man in the middle the exchanges

Bitcoin / Bitcoin Discussion / Bitcoin and the false promises /I wish if we could get rid of all exchanges

on: November 14, 2017, 07:57:29 AM

I suffered a lot just trying to purchase bitcoin In local market people are asking 20% fee The exchanges works mainly in US and Europe But for the rest of the world there is nothing I did register in bitstamp and more than 2 weeks to verify my account Coin Mamma ask you to take selfy with your ID and write down the date just like criminal The basic idea of bitcoin is to get rid of man in the middle (Banks) and make our own money But WHY no one take the initiative to provide Bitcoin for the public without this ridiculous verification process Here is the sample after you sumbit your ID and all required documents 1. What is your current occupation? 2. What is the source of the funds you will be depositing to your Bitstamp account? Please provide any financial documentation which can confirm how the funds that you will be depositing to your Bitstamp account were acquired (salary slip, savings account statement or any other relevant document). 3. What is the purpose of your trading on Bitstamp? Please describe in as much detail as possible how you intend to use your trading account. 4. Which banks do you intend to use? Please provide the complete addresses and SWIFT codes. 5. Estimated amount that you would be depositing/withdrawing to/from your Bitstamp account per year (in USD and BTC)? 6. What type of trading will you conduct? Buying/selling/both? Estimated trade volume per month? 7. What are your future plans and activities planned on our exchange? 8. Do you intend to use your Bitstamp account in connection to any business activity? If yes, how? So we manage to remove the bank and put the exchange in the middle I wish if we could get rid of all exchanges and agree on a fair flat rate 1% or less for BTC transaction Mining is the second option but it is difficult to make 1 BTC from mining in a day

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