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301  Bitcoin / Bitcoin Discussion / Re: Bitcoin, is it really just a bubble? on: December 05, 2017, 12:01:15 PM
Depends how it evolves, for now Bitcoin is not real a currency but more of an asset, just like gold is. However, Bitcoin could evolve and becomes a real currency, there is still a long way. The value of it relies clearly on the blockchain, a fantastic technology. IMO Bitcoin price will continue to rise, until at least the end of 2018.
But you may also want to look at the competition of other cryptos, the obvious names are Bitcoin Cash and Ethereum. That's why Bitcoin price standing where it is now and rising is not a given, even though I personally remain optimistic.
302  Bitcoin / Bitcoin Discussion / Re: A different way to look at Bitcoin's popularity, and some strange facts on: December 04, 2017, 06:43:50 PM
I remember reading somewhere that coinbase had added 100K new users after Thanksgiving alone, so it would be surprising, to say the least, if coinbase's traffic really hasn't changed. If the traffic here is increasing, at least a certain portion of people who visit this website are bound to visit other cryptocurrency related websites as well, increasing their traffic.
Thanks for your input. That would make sense. I had doubts already about the accuracy of similarweb figures in general and that would confirm that these data should be taken with a grain of salt.
303  Bitcoin / Bitcoin Discussion / A different way to look at Bitcoin's popularity, and some strange facts on: December 04, 2017, 05:57:38 PM
Hi folks.
I often use similarweb to check the traffic of some websites, and I lately had a look at some Bitcoin related websites, one of the big names:
Coinbase > https://www.similarweb.com/fr/website/coinbase.com#overview
Blockchain.info > https://www.similarweb.com/fr/website/blockchain.info
Kraken > https://www.similarweb.com/fr/website/kraken.com
Localbitcoins > https://www.similarweb.com/fr/website/localbitcoins.com

and just for fun, bitcointalk Smiley > https://www.similarweb.com/fr/website/bitcointalk.org

The traffic on bitcointalk.org is as expected rising, but Coinbase, blockchain.info, Kraken and localbitcoins all seem to have a stable traffic over the months.
Either these date are wrong, or I am missing something.
Or the traffic is stable but the total amount of money invested divided by the number of investors is increasing?

Any opinions welcome.  Wink
304  Economy / Speculation / Re: How did the bitcoin price determined? on: December 04, 2017, 11:09:03 AM
Hi crazykill182,
pretty simple: supply and demand determine the price.
When Bitcoin was created back in 2009 the price was something like $0.08. The rest is history: supply and demand, market capitalization. That's why newbies should not get too impressed by the price of today, because it does not mean anything without perspective.

An interesting fact about Bitcoin is that the supply is limited to 21 millions, therefore it is not subject to inflation, but the opposite, it is deflationary by nature.

You mentioned about the founder, of course he is very rich if still alive, there are rumors saying he could be dead today since he has not moved any of his Bitcoins for several years now.
305  Bitcoin / Bitcoin Discussion / Re: Upcoming Bitcoin Forks on: December 04, 2017, 10:42:36 AM
Pardon me for this newbie question, but is it fine to do nothing? For now I only have a wallet at blockchain.info (I am planning to buy a hardware wallet soon but probably next year).
In this blockchain.info wallet I have a bit of Bitcoin (less than 1), and I also have less than 1 Bitcoin at Fairlay (sports betting company) stuck there for now as I am waiting for a bet to be settled and paid on January 1st.

Should I do anything? These forks are getting confusing especially for me since I have a good amount not on my wallet right now and waiting to be paid next month.
Thanks for any help.  Wink
306  Bitcoin / Bitcoin Discussion / Re: BITCOIN: Threat to our Current Currency on: December 04, 2017, 10:21:42 AM
Im new to this forum, so while reading to get information, I realized if it will succeed, we wont be needing cash anymore. Will it be a threat to our current currency which we used cash during payments?

Not true. First of all, governments are trying to eliminate the need for cash for their fiat currencies.
That's a good point too, the best example right now is Sweden, more and more shops there do no longer accept cash, which may sound surprising but this is the future we are slowly heading at.
Even more interesting is that in Sweden more and more banks do not offer cash anymore  Smiley
307  Bitcoin / Bitcoin Discussion / Re: BITCOIN: Threat to our Current Currency on: December 04, 2017, 05:56:45 AM
Cash and digital currency are two different things. There are still people all over the world who don't know about bitcoin also every country have its own currency and its own regulatory to keep its cash flowing.
There is also something not many are talking about right now. Is Bitcoin really a currency? I think right now, Bitcoin is more of an asset (like gold) than a currency, as the possibilities to buy goods or services with Bitcoin are still very rare. People need to be aware of that. There is also the fees attached to the transactions which prevents Bitcoin from being a real currency today. It might change in the future.

It is an asset though, as I am personally quite pessimistic about the currency of my country (EUR), therefore holding Bitcoin is like holding gold, and obviously at a much better interest rate right now, that's why more and more people get interested into cryptos as a whole.
308  Economy / Gambling / Re: FAIRLAY - SPORTS BETTING for experts - highest liquidity, provably best odds on: December 04, 2017, 05:44:32 AM
@nakisana  the forum is the wrong place to request settlements.  Please use the trollbox.



We received a couple of requests regarding the market:

 https://fairlay.com/market/who-will-be-elected-german-chancellor-in-2017/.

First of all, yes it is not correct, that this market was settled to MERKEL.   It should be void as there won't be any elected chancellor in 2017.

But this market was already settled in September.  According to our terms  wrong settlements should be reported within 72 hours - or there is no guarantee for a correction.

Technically the market is already finalized and can not be reopened. However we will resettle this market manually and manipulate the balances of all involved users by hand.
Did not know that, thanks. Betfair still has the market inplay as there is technically a small chance that Merkel will form a government before the end of the year. Will most probably be voided too there on January 1st.
309  Bitcoin / Bitcoin Discussion / Re: US regulator approves Bitcoin trading on: December 03, 2017, 06:42:45 AM
So 3 exchange operators will offer Bitcoin. The CFTC said it will help to monitor the Bitcoin markets (how you are going to do that is a different story  Smiley ).
Anyway, big step for Bitcoin to move into the mainstream of finance in US, will now most probably be purchased by investors who would not buy Bitcoin themselves without these exchange operators. Banks will now have clients who will want to buy, there are hedges too, it will become easier in US, this is a fantastic news for the holders we are.
310  Bitcoin / Bitcoin Discussion / Re: coping with the fact that you never bought bitcoin when you could on: December 03, 2017, 06:27:44 AM
So, to begin i have depression a pretty severe one and i had it since 2006, the last couple of years i have lost everything from my income to multiple chances i've been given, nothing ever goes right in my life ever any more and it hasn't since 2013 it's been a pure nightmare that i don't know if i can live with much longer, i yesterday found out that i visited a bitcoin website in 2011, this made my heart sink and i can't find anything to make me cope with that fact, i was a kid back then so i didn't have alot of money so at most i could have realistically bought bitcoin for 100 dollars, and thats over 100 million dollars today, i don't know how i can cope with that thought, so i wonder how is anyone else coping with it, or even those who sold off their bitcoin before the value increased like this, because i am going through multiple severe panic attacks from this now, i am trying to convince myself that i couldn't have bought any back then, wheather it would be for the difficulty buying it or any other reason but i can't find anything that would have prevented me from buying them back then, if it was something as simple as being really complicated to buy it then i could have told myself nothing i would have done back then would have changed the outcome, because i would have never been able to buy them, but from googling it it was extremely easy to buy, so i could have easily bought them back then, i did invest in things back then i bought several windows 7 dvds from ebay which ofcourse were false, i was hoping i could sell them off, i was like 18 at the time.

this is the website i visited in 2011 according to my google search history

https://forum.bitcoin.org/index.php?topic=16361.0

i have no idea what that contained because the link no longer works.

at this point i am researching drugs to numb myself, i go through  pain every single day including suicidal thoughts, but i do not know how i can live with this knowledge right here, if i were to count how many times i was close to getting rich or wealthy it would be well over 10 times.

Don't worry, you are far from being the only one in this case.
To help you cope with that, I can guarantee you that you would have sold your Bitcoins much earlier than 2017. I mean if you bought 100 Bitcoins back in 2011, you would most likely sell them the year after when the price started to rise, to make a profit of a few thousands dollars. And that's it really.
Just look at the charts: price was rising so much that you would have sold much earlier than 2017.

Also, please be aware that many who bought back in 2011 got hacked, security of the network was weak at the time so it could have happened to you as well.
Don't get depressed over this and look ahead.
If you have money, you can invest now and hope for a profit short term. Just never invest more than an amount you can afford to lose.
For your depression problems, stay away from drugs, medicine, they make you addicted. They are allowed because of powerful lobbyists but they are dangerous and will not cure you. Seek psychological help instead, one step at a time.  
Wish you all the best  Smiley
311  Bitcoin / Bitcoin Discussion / Re: How can i trade and spend Bitcoin? on: December 03, 2017, 05:24:50 AM
Google, Youtube and the trading section of this forum are your friends. Just browse, there are plenty of advices.
I would not recommend you to start trading with real Bitcoins until you learn how to do it properly. This is a skill, not everyone is able to make profit from trading. Friendly advice.
312  Bitcoin / Bitcoin Discussion / Re: Placing Bets With Bitcoin on: December 03, 2017, 05:21:02 AM
Do you thing it is feasible to use Bitcoin to place bets compared to the system of using local currency or the USD. Some betting websites have been very flexible in using Bitcoin as the currency of placing Bets.

What I never liked is, if the actual stake was $5 (for example). And the winning amount was $43. The amount of Bitcoin worth will be paid instead of the calculated number of Satoshi. That is usually when the price of BTC drop.

Let's do some maths.
Odd=2.5
BTC stake 10,000 Satoshi
Returns: 25,000 Satoshi

Instead of 25000 Satoshi as returns, the player might get less than the winnings because the rewards will not be calculated based on the amount staked.

However, some people are convenient with the whole thing.

Ask these guys: nitrogensports
I know you can bet in Bitcoins there. To be honest I am not sure I understood your question, but if you win betting with Bitcoins and getting paid in Bitcoins, yes it is possible. Contact  nitrogensports  - their support center is very quick to reply.
313  Economy / Services / Re: Stamps - High paying Signature Campaign - BIG Payouts! [OPENED] on: December 03, 2017, 05:15:19 AM
I'm confused, when is the cut off for every week ? it's Saturday right ? and based on my calculation today is still part of the first week, why there's already post for 2 week?
Sorry for asking this and I hope to get the answer because I'm still posting just to fulfill my duty for the first week. Thank you OP.
Hi richminded. The date is written on the spreedsheet. For a good number of us, the first week ended yesterday.
314  Bitcoin / Bitcoin Discussion / Re: Potential mining ban in China, effects on market? on: December 03, 2017, 05:12:23 AM
Recently red that Chinese miners are fleeing the country because of this rumor, that means that in case of ban, there would potentially be small dump and that's all Smiley


There are always lot of rumors around China and cryptos. People are getting paranoid. I was even reading that the big miners would soon relocate to Russia. Lots of paranoia and manipulation attempts. Won't believe it until it happens  Wink
315  Bitcoin / Bitcoin Discussion / Re: Bitcoin has lost 55% of its value on: December 03, 2017, 05:07:56 AM
The value of Bitcoin is in its price, simple. Market cap is important to look at but it does not tell the value of a coin, the price does.
316  Bitcoin / Bitcoin Discussion / Re: Bitcoin Price Increase Per Year on: December 03, 2017, 04:55:52 AM
You say "even $10,000 is a lot of money", while this is true, there are still hundreds of millions of people who think this amount is just pocket money, and are aiming at a much bigger profit. And the same logic is applicable to a price of $100,000.
I think you underestimate the greed of people when it comes to money. I worked in sports betting before, and we had customers depositing 500 Euros and winning until they go up to 15,000 EUR, when they reach this amount, they won't withdraw and try to earn more, aim at 20k or 30k and end up losing all.
Of course cryptos is not gambling, but just to tell you how human nature is.
I am sure some people have 1 million dollars in their wallets right now but are waiting for Bitcoin's price to at least double and reach the twenty or thirty thousands before cashing out.
317  Bitcoin / Bitcoin Discussion / Re: How can the blockchain keep up with the growing number of bitcoin users? on: December 03, 2017, 04:48:31 AM
I just made an estimate total of how much I have paid for transaction fees, exchange fees, conversion-to-cash fees etc., and I did not feel very good about these extra fees just for me to be able to spend my bitcoin.

I am just curious if anybody here has any idea on how blockchain is planning to keep up with the fast growth of users. You see, my dream with bitcoin is that you can use it for everyday expenses like taxi fare, buying a movie ticket or any random stuff you encounter everyday just like our normal paper bills. But I think this will stay as a dream unless instant confirmations will be attainable.


The answer is: the size of the block. Bitcoin's block size is indeed a bit worrying at the moment, it is small and with the demand increasing we will need an improvement, Segwit2x may happen soon? Early 2018 probably.
318  Bitcoin / Bitcoin Discussion / Re: How and from where I can buy bitcoin. I live in Canada? on: December 03, 2017, 04:42:57 AM
You can try Kraken, read more here > https://support.kraken.com/hc/en-us/articles/206687267-How-do-I-add-a-CAD-withdrawal-account-Canada-only-
Is it to hold or trade? If you want to trade, you may want to look at another one, as Kraken can be slow sometimes, but otherwise it is very reliable?
319  Bitcoin / Bitcoin Discussion / Re: Volatility of Bitcoin on: December 03, 2017, 04:37:41 AM
If the owner of a store decide received only Bitcoin how payment of his products, how him can define the prices without forget of volatility of Bitcoin?

My boss accepts Bitcoin and convert them immediately to Euros, problem solved, even if as stated above, holding for a while is not a bad idea lately.
320  Bitcoin / Bitcoin Discussion / Re: BITCOIN: Threat to our Current Currency on: December 03, 2017, 04:30:05 AM
Im new to this forum, so while reading to get information, I realized if it will succeed, we wont be needing cash anymore. Will it be a threat to our current currency which we used cash during payments?
Fiat currencies still have bright future. Digital currencies could take over, but not right now. Anyway, for the average Joe it is too complicated so it may take a hundred years for fiat to disappear.
Today, we are very far from the situation you describe with Bitcoin, due to what I have explained above and most importantly: fees and time needed for confirming a transaction.
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