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41
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Bitcoin / Bitcoin Discussion / Re: Offline Wallets Vs Online Wallets
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on: July 02, 2017, 08:38:55 PM
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I think it is the best or better to use offline wallet because you can easily manage your wallet and assets without consulting or needing an internet connection. Also you may avoid the contact into hackers because you only have the access to your offline wallet and can't they be able to get in touch with it because you are not doing your transactions and saving online.
There shouldn't be any debate at all, offline wallets are ideal for long term Bitcoin investors or those who intend to hold them for a long time whereas online wallets are ideal for everyone especially those who live on their bitcoins and wp bf them on regular basis. Yeah seems like a no brainer, anyone with significant amounts of bitcoin will likely have (or should have) both. Offline wallets give you the security but you can't move them around so its long term storage, whereas you need an online wallet for day to day transactions like purchases or moving to exchanges etc. |
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42
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Economy / Exchanges / Re: how can i buy bitcoins without verifications/ID?
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on: July 02, 2017, 08:35:47 PM
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i am trying to buy bitcoins but it seems like almost nobody accept creditcard payment and the rest who did also have some ridiculous demands of giving pictures of you/ID and even of some bank documents.
where can i buy bitcoins without all this mess and simply buy bitcoins with my debit card?.
The problem is that card transactions can be charged back so no one website will let you use your card without some extra form of verification to prove that you really authorized the transaction. That is why they ask you for all these details so if you try to perform a chargeback they can go to the bank and show them the proof you accepted the payment. |
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44
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Bitcoin / Bitcoin Discussion / Re: Afraid of August One?
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on: July 02, 2017, 08:29:45 PM
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how could it split if segwit support is above 80% ?
It won't and the fear of a split is all FUD and even UASF has no real economic or miner support behind it. What is going to happen is that segwit will get adopted and everyone will forget about these small things and be happy once the price shoots up. |
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45
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Economy / Economics / Re: Why litecoin had SegWit so fast?
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on: July 02, 2017, 08:27:38 PM
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Why did litecoin manage to get SegWit so fast while bitcoin is still slow and painful.
The creator of litecoin Charlie Lee supported it, talked with the necessary people and implemented a plan that no one had any real issues with hence it was approved sealed and a done deal. https://www.cryptocoinsnews.com/litecoin-creator-charlie-lee-urges-jihan-wu-to-signal-for-segwit-antpool-obliges/(Also the transaction capacity was not near the 1MB limit yet so a lot less impact they have more time to study things later) Bitcoin the foundation and other groups suggested it met pushback and hence we had a blockscale debate on the best implementation due to a variety of political monetary and strategic issues that scaling presented and the transaction limit was approaching so issues and debate hence drama. Why did litecoin decided on a 50% vote while bitcoin had to go for a 95% vote? It didn't. All of the major Litecoin pools agreed to SegWit and the support went over 95%. It was easier for Litecoin because it was smaller with less money involved, so people found it easier to reach consensus. Plus, we can only speculate about what satoshi wants/would want, but Charlie Lee openly supported it. Your first statement sums up quite well the problem with reaching agreements especially ones that need to be nearly unanimous, the more parties there are to it the harder to gets and then big money always gets in the way. |
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46
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Economy / Economics / Re: Bitcoin reduces unemployment
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on: July 02, 2017, 08:24:25 PM
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It must be acknowledged that the presence of bitcoin creates many new business and job opportunities, such as mining, trading, new coin and so on. Though not significant, bitcoin proved to reduce unemployment.
Reduce unemployment is the good service of bitcoin but those who are working for different industries? If they see that unemployed person earning more than us. They will also leave there jobs etc and start working in BTC websites. Start investing money into BTC. So can you tell me? How would be the government reaction? How would avoid this reaction. How to avoid people to don't leave there industries, else there will be no development in a country. Exactly! Not only the government but also the industries of the country, it will have a huge impact on it. Imagine that all the people working in the industry tend to use Bitcoin because its worth the gamble than those ordinary jobs. Then what will happen to them? Bankrupt eventually, not only that, it will also reduce the production of the different products we are making, like canned goods, plastics etc. Well, at some point we can resolve that missing workforce by having robots do these 'jobs' for us. No one is leaving these industries and to think that this is happening in mass due to bitcoin is just wild fantasy thinking. First off there aren't that many bitcoin holders and second of all an investment in bitcoin is no different than say an investment in Tesla stock and trust me no one is suggesting industries are losing their hard working labour force just because people are earning big money from their Tesla shares. |
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47
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Bitcoin / Bitcoin Discussion / Re: [Russia] Burger King to accept Bitcoin this summer!
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on: July 02, 2017, 08:19:48 PM
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Cool, almost every day I hear news about what now in some place you can pay bitkoinami. A few more years at such a pace and bitcoins can be paid everywhere
That is not too far to happen because if you know the country of Japan then you can pay bitcoins there in almost all the stores because their government already make bitcoin as a legal currency and a lot of stores and people now are using it in paying things that they bought from stores or any restaurants in their country, bitcoin will become worldwide accepted if the good news and the increase of price will continue. im not so sure that you can pay for goods in Japan in "almost all the stores" Jpana has only recentlyrecognised BTC as a form of payment, it will be a while yet before "almost all the stores" implenent the acceptance of BTCBurger King to accept BTC is definitely good news, if it happens, but its good news and surely to hit main stream media as some point, which is also good! Its obviously good when bitcoin is more widely used in countries around the world but until bitcoin improves its usability I question whether physical stores will really start to accept it in mass. You can't realistically use bitcoin in all that many places even in japan currently. |
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49
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Other / Meta / Re: Are ICOs "Altcoins" and should they be considered off topic (banned)?
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on: July 01, 2017, 09:03:48 AM
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Altcoins that only offer a blockchain based currency are the scams because they offer nothing that any of the other currency type altcoins already do. Its the icos that are going to lead the development of new technology to benefit us and take advantage of the blockchain that bitcoin, ethereum and other coins offer.
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51
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Economy / Economics / Re: Bitcoins and Bankers
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on: July 01, 2017, 08:59:19 AM
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Recently, the banking system works very well with the crypto currency. I have already convinced my country that crypto-currencies will soon be implemented at the state level and the user will not worry about the legal aspects of this issue.
They do work well together and bring benefits not only to us users and those who hate banks but also to the banks themselves. |
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52
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Bitcoin / Bitcoin Discussion / Re: What is the most likely outcome on August 1st ?
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on: July 01, 2017, 08:56:35 AM
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I have no idea what will happen on August the 1st but I do hope it will bring something positive for the Bitcoin Community because we have been waiting far too long for the scaling debacle to be sorted.
we are also hopping so, that the there is not going to happen again bitcoin. hope that after 1st August bitcoin price will become skyrocket , because it trading at 2500$ for a long time, but still bitcoin price has too much potential and will very soon cross 4000$ level. I think August 1 will present us some adjustments to bitcoin, making it a better one. I hope transaction fees will also be addressed. Before that date, people will remain fearful as to what will come out on that day. But after that, after realizing that everything is for the greater good of bitcoin, the price will leap high. Yes I think the closer we get the less fear people will have because as each day passes its less and less likely there will be a hardfork and more likely to see real solutions. |
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53
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Economy / Speculation / Re: should i buy or sell today
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on: July 01, 2017, 08:51:41 AM
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The confusion on what to do whether to go for buying or selling bitcoins, is completely eliminated after I am preferring to trade on long term basis rather than going for a day trading.
I believe it is only having feasibility along with bitcoin trading and altcoin trading will not be good for long term basis trading. There it would be good to buy and sell on daily basis.
I don't trade based on short or medium term but I think bitcoin is well priced right now anyway, it will go up a lot before the end of the year and its only just getting started. |
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54
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Economy / Economics / Re: Bitcoin or gold?
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on: July 01, 2017, 08:50:07 AM
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I dont see any reason for gold, its shiny but useless to the average person. Bitcoin on the other hand serves a real purpose and its a great investment.
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55
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Economy / Economics / Re: Do you think billionaires invest in BTC?
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on: July 01, 2017, 08:47:44 AM
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offcourse , billionaire know about bitcoin and many of them have invested in them, think from their pov, they already have billions, in the worst case ,they wont even mind loosing millions, but those millaions can turn into other bilions.,
And that is why bitcoin doesn't threaten the rich, they will still stay rich and will love the fact they have something new to make money on. |
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60
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Economy / Economics / Re: How to double your money using BTC?
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on: June 28, 2017, 12:23:38 AM
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Doubling is a hard stuff actually. You can try day-trading method and investing in promising projects so that you can pump your bitcoin number up, in other Word doubling it.
yeah right investing with good ico coin will be the best to multiply your investment it just needed to be well studied before placing your btc if got successful for sure you will get easy x2 but its not limited it can be x10 or x100 barely needed of patience and good assessment. Yeah if you invest in right ico after doing a good research then you can expect that you will be doubling your bitcoins or even higher once the coin is listed on exchange and majority of users are making good profits by investing in ico at very early stage which allows them to buy tokens at very low price and if luck favors you then it can give you huge profits on your investment. Everyone wants to flip their coins but its rarely so easy. Generally you need to wait at least a few months before you can flip your altcoin for a profit. I suggest rather holding for the long term if you have a good project. |
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