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381  Bitcoin / Bitcoin Discussion / Re: Should I hold BTC 0.05 for future ? on: January 05, 2018, 02:58:12 AM
Dear audience I have 0.05 BTC should I hold it for future value ? In recent time the market is very dumping so that feeling little scared.
The amount is not very necessary I can hold it if the market will raise 
If I were you, I will hold it.  Even the value of bitcoin decreases on the last week of December, it will truly recovers.  And as long as you hold it, you have the tendency to earn.  Do not be scared, still bitcoin is the best place to invest because no investment firm can offer you to earn as what the bitcoin can offer.  Just keep your trust in bitcoin.  Besides, when bitcoin value decreases, it is the best time to buy bitcoins because when its value increases, profit is sure.  So, instead of thinking of selling your bitcoin, buy more bitcoins and just keep holding them. 
382  Bitcoin / Bitcoin Discussion / Re: Btc good experience for young people on: January 05, 2018, 02:08:28 AM
Hey, I'm not old but I'm closer to old than young. I was fortunate to get into the stock market early and even a couple ipo's which led me into real estate etc. so now I'm in crypto, follow it, read it still trying to figure it out. Anyway, although everyone is now talking Bitcoin I think this story has sent a message about saving and investing to younger people. I don't think speculation is a good lesson but the ability to do more with ur money than spend it or gain no interest in a bank account is a good thing and I only learned it by listening to others as I was making my way.

I don't think btc is the answer to everything and it could even crash, that would also be a lesson, but the US population in general does not save a lot of money, perhaps this new development could help change that.
Yes, young people will gain and acquire knowledge and life's lessons from more experienced people.  Listening to them, analyzing and applying it is the key to achieve what the successful people achieved.  The younger a person engage in stock or crypto market, the more potential of having a better and successful future.  Unlike engaging in other stock market, crypto market is more suitable to the young people.  Why? Because almost young people loves exploring the internet world.  Meaning, they will easily acquire and gain information about the crypto market.  If properly guided, young people can save and invest in bitcoin world instead of wasting their allowances in food, gadgets and parties.  If young people will experience earning bitcoin.  For sure, their mind set will change and will love to invest and earn more.
383  Bitcoin / Bitcoin Discussion / Re: Is ripple going to overtake bitcoin ? on: January 05, 2018, 01:36:52 AM
Those days ripple is doing really well, it has more than half of bitcoin market cap and has 19% market dominance.
I hate ripple as a cryptocurrency as it's centralized, now seems that ripple is the queen, not ethereum.

That really is making me upset but I want to hear your thoughts.
I do not believe that ripple is the queen or next on bitcoin.  It is ethereum.  All my friends and bitcoiner I know trusted ethereum just like bitcoin.  If you monitor the ethereum value right now, it almost reach $1000. More people (bitcoiner) use ethereum as a backup on their bitcoins.  So do not be upset.  That is just a hearsay and without proof.   Besides, the value of ripple just fluctuated last week.  
384  Bitcoin / Bitcoin Discussion / Re: What will Bitcoin's main challenges be for January? on: January 05, 2018, 12:57:41 AM
We've had a lot of things happen in 2017, and now that it's 2018.. What will the main challenges be for January? And for the whole year be? Will we meet a goal like $25K, or will we have multiple forks this year again to crush the qualms?
At the last days of December 2017, we experience continuous deflation of value of bitcoin. The said deflation of bitcoin value might associated with the holiday season.
 Unfortunately, many investors who bought bitcoins while its value increases above $17,000 experience a great lost. This deflation of value might give impact on the first quarter of 2018.  Those people who experienced great lost might loose hope and confidence in bitcoin and winning back their trust is a challenge.  The good thing about this is during the first week of January, the bitcoin value start to recover.  Will we meet the goal of $25,000? Of course it is possible. If we trace the bitcoin milestone last year, the value between the first quarter compared to the bitcoin value on its last quarter shows a great difference.  The value increases for about 700%. If the bitcoin community will grow this year (2018), it is also possible to increase its value 700%.  Meaning, it will hit even more than $25,000.00
385  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto is real? on: January 05, 2018, 12:08:47 AM
That is what i find now on Reddit https://redd.it/7m7y6r now  Huh Huh Huh
Of course he is real.  He is the person behind the bitcoin and cryptocurrency we are being benefited right now.  He is the person behind blockchain.  His idea might impossible when he first introduce it in the market way back 2007. But, people start to recognize, trust and put confidence on it as the time goes by.  He only leave the bitcoin scene on the year 2017.  Some speculation says that he leaves the bitcoin world because other data center intended to bitcoin mining begin to sprout where some countries manipulated it (which is far from his aim of decentralization).  This is the reason why some people says that Satoshi Nakamoto is not real.

Even Satoshi Nakamoto's original plan does not all happen (such as no transaction fee), Still, his idea about bitcoin is helping billion of people around the world. And, here we are now, thankful for his wonderful idea about cryptocurrencies because it give as a great platform to earn money.  I am also confident that bitcoin is on its way to hit its aim in having one world currency.  Bitcoin is the future of money.  
386  Bitcoin / Bitcoin Discussion / Re: When the transaction fee problem will be solved? on: January 04, 2018, 11:59:43 PM
The transaction fee in my blockchain wallet is $30 anyone know when it will become normal?
Yes, my transaction fee in my wallet is too high also.  It is really a big issue.  This is also the reason why some people said that bitcoin is for rich only due to its too expensive transaction fee.  We can do nothing about it.  It is really far from what Satoshi aims when he introduced bitcoin.  I guess, somebody like him must enter the bitcoin world so this issue will resolve.  His idea must be adopted and implemented.
387  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ShipChain - Disrupting the $10 Trillion Shipping & Logistics Industry on: January 04, 2018, 11:42:06 AM
It is really a great project.  The team behind this is a genius. In a busy world, having a trusted, transparent and reliable  partner in running business is really needed that  will brought stress free delivery transaction and this stress free transaction is now possible with Shipchain.  I am sure that it will help many people.  
388  Economy / Speculation / Re: bitcoin worth it or not? on: January 04, 2018, 07:12:16 AM
Hi guys!

iam kind of noob of this bitcoins and i have some questions i need to have answer on.

is it worth to invest right now? do guys think its gonna rise up much more or just crash?

should i buy btc, or just mine it by my self?

best regards
Yes it is worth to invest right now. If you will gonna trace bitcoin milestone, you will find out that it has a tendency to increase its value up to 700% per annum. That is a great potential compared to other investment firm.  Bitcoin value is volatile, it increase and decrease time to time but the good thing about is even it decreases, it easily recovers and with a greater value. Meaning, as the time goes by, its value continue to increase.  It is far to crash because bitcoin gains confidence and trust all over the world that is why many people invest on it and its community continue to expand. I is the perfect time to buy bitcoins.
389  Economy / Invites & Accounts / Re: Selling Bitcoin Fast on: January 04, 2018, 02:16:39 AM
Is it legal to sell a bitcointalk account? and if it is how much does each rank worth?
I guess, there is no law provided stating that selling bitcointalk account is legal or illegal. Plus, there is no agency monitoring whose using, selling or buying  a certain account. So, I guess, it is up to you weather you want to sell it or not. Each rank worth of course.  Because it takes time and effort before a certain account rank up so, it really matters.  Its price of course depends on the agreed amount of your buyer.  But, if I were you, do not sell your account.  It can give you great opportunity to earn. 
390  Other / Off-topic / Re: If bitcoin goes to zero on: January 04, 2018, 01:33:22 AM
Rest goes to zero as well?

Which is kinda weird. Everything is measured in BTC. Which makes it the digital gold and bridge between $ (real world) anf crypto.
I do not think that bitcoin will gonna turn zero. Bitcoin price might decreases its value sometimes but it will never turn into zero.  Why? Bitcoin will only turn zero if all bitcoin holders sell their bitcoins.  Which is impossible to happen.  Even some people sell their bitcoins, there are many people as well who is willing to buy it.  Plus, Considering the fact that there are missing bitcoins.  Those people who buy bitcoin way back 2010 when bitcoin amount is very low but unfortunately lost their wallet and forget its password.  Meaning, those bitcoins is impossible to retrieve.  Then, it is impossible to turn zero as well. Besides, I do not think that it is weird that everything is measured  in bitcoin because this is  only proof and shows how bitcoin is widely accepted all over the world.  Bitcoin also compared into dollars because  this is the weighing scale how bitcoin value that is why people can compare its value in the real world.  It is also an assurance that they have the capacity to convert into flat whenever they wanted to. 
391  Bitcoin / Bitcoin Discussion / Re: Can bitcoins become worthless? on: January 03, 2018, 08:05:25 AM
For me possibly to yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were typically due to hyperinflation of a kind that Bitcoin makes impossible, there is always potential for technical failures, competing currencies, political issues and so on. As a basic rule of thumb, no currency should be considered absolutely safe from failures or hard times. Bitcoin has proven reliable for years since its inception and there is a lot of potential for Bitcoin to continue to grow. However, no one is in a position to predict what the future will be for Bitcoin.
Many currency failed because it is not accepted by the people. Any currency become valuable if people believe that is has value. That is the concept of money. If people do not have confidence in a certain currency, nobody will invest on it, then it will failed. Those currency fate will not gonna happen in bitcoin? Why? Because it is widely accepted and many people have confidence in bitcoin. This is proven on it's growing community. Many people testify that they earned from investing bitcoin. Plus the fact that many people predicted that it is the currency of the future. So, bitcoin will never become worthless.
392  Bitcoin / Bitcoin Discussion / Re: Bitcoin saved my year on: January 03, 2018, 06:22:31 AM
I started 2017 broke and with a very low wage. My girlfriend also broke up with me in the beginning of the year.
Although I had committed some trade mistakes I was able to get 400% gains, thanks to btc.  This gave me hope and made my year a lot better.
I wonder how many people bitcoin "saved" this year, even preventing some suicides maybe.



Same here, At the first quarter of 2017, our 1st business (eatery) failed.  My work contract ended on April then our 2nd business (car wash) closed.  A storm hit on us and ruined our properties.  We have very difficult financial problem and I do not know how to survive. I almost lost hope but I Thank God that on the third quarter of the year, my husband start to engage in bitcoin.  Our family started to earn bitcoins and last September I also start to become part of bitcoin community. My 2017 ended happy because of bitcoin.  Bitcoin really saved my year.
393  Economy / Speculation / Re: Does Bitcoin stable ? on: January 03, 2018, 05:45:56 AM
Recently  Bitcoin got very high fluctuations. It went up 19,000USD(nearly) and dip to 12,500USD. In this situation does BTC stable ?

What are reason for that kind fluctuations ?
How long it will take reach 19,000 USD with this kind of market fluctuations ?

From the start when bitcoin introduced to the people, we all know that bitcoin has a volatile value.  Meaning, it has a tendency to increase or decrease its value anytime.  There are many factors why bitcoin value decreases.  As the bitcoin community grows, bitcoin value increases.  On the last quarter of December, we experience that the bitcoin value decreases basically because of the holiday seasons.  Many people stop investing in bitcoin because they need flat for the Holiday expenses.  Some other bitcoiners converted their bitcoin into flat as well.  But for sure, After the season, bitcoin value will increase again.  With the question does bitcoin stable?  Of course it is.  Why?  Its community continue to expand and almost all countries in the whole world knows and invest in bitcoin.  It is stable.  We just have to keep our confidence and trust in cryptocurrency. 
394  Bitcoin / Bitcoin Discussion / Re: Japan’s economy could get a boost in 2018 from bitcoin on: January 03, 2018, 05:33:40 AM
New York: Bitcoin’s about to boost the world’s third-largest economy, according to analysts at Nomura.

The digital coin’s 1,500% rally this year has left crypto-crazed Japanese investors likely sitting on hefty gains that Nomura thinks will spur consumer spending.

“Rises in asset values often result in a rise in consumer spending, too, known as the wealth effect,” the team, led by Yoshiyuki Suimon, wrote on Friday. “We estimate the wealth effect from unrealized gains on bitcoin trading by Japanese investors since the start of fiscal year 2017, and estimate a potential boost to consumer spending of 23.2-96.0 billion yen.”

The note points out that trading volume in the bitcoin market is roughly 40% yen, which is larger than even the US dollar’s share.

Bitcoin has fallen about 25% since closing in on $20,000 on 18 December, trading around $14,500 in New York on Friday afternoon.

Still, Nomura is confident that the share of investors who have benefited is much larger than those who may have lost money due to the recent decline.

“Moreover, the fact that the rise in bitcoin prices was concentrated in 2017 fourth quarter could result in the wealth effect materializing in 2018 first quarter, and if that is the case, we estimate a potential boost to real GDP growth on an annualized quarter over quarter basis of up to about 0.3 percentage points,” Nomura said. Bloomberg

http://www.livemint.com/Money/jAw6xJbZCXvNzDkde2oShN/Japans-economy-could-get-a-boost-in-2018-from-bitcoin.html
Yes, I agree with Nomura.  Even bitcoin decreases its value by the last quarter of December, still it is a fact that many people gain more earnings than its lost from bitcoin that bitcoiners  experienced and benefited.  The good thing about Japanese people are they do not lost faith on bitcoin instead they keep their confidence and still believe on it.  I am hoping that the potential boost in economy and bitcoin will be materialized in the first quarter of 2018 as what Namura stated. 
395  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: January 02, 2018, 08:38:06 AM
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?


I do not think that at the presence of bitcoin bank will disappear. Even many people predicted that bitcoin is the new face of currency or currency of the future, we can not say that it is intended to remove bank in the future.  Why? Because the great people and government behind banks will not allow that to happen.  Banks are their source of living and bank is the reason why they become wealthy.  So, they will do everything to sustain it.  Instead of thinking that bank will disappear in the future, maybe it is more reliable to say that in the future, bitcoin will be the partner of banks in controlling the circulation and distribution of crypto currency.  If ever that the prediction of one world one currency will happen, I guess still bank exist by then. 
396  Bitcoin / Bitcoin Discussion / Re: What's going on? Bitcoin for the rich only? on: January 02, 2018, 08:30:37 AM
Hi,

Even just a year ago bitcoin was useable... now the fees are about 10x what the banks charge. Seems like its changing from a peer-to-peer money system for everyone into yet another convenient way for rich people to exchange funds!

What went wrong> And more to the point, who is responsible? What can be done to fix it?
Thanks
Andy
Yes, it is sad reality.  It is far from the purpose of Satoshi Nakamoto when he first introduced bitcoin or crpto-currency.  It is far from his aim  that every bitcoin transaction is free and no service charge.  It must be free of charge because nobody (bank or government) must control it.  But what is happening right now? Why there is a transaction fee? It was year 2014 when Satoshi Nakamoto went out of the scene.  One of the reason is because back then, China built its own data center intended for bitcoin mining.  At present, Russia has its own state owned data center and there is a private data center in Iceland which are all dedicated in bitcoin mining.  Almost all nodes are basically controlled by 2 countries.   At present, bitcoin transaction fee is too expensive (that is the reason why some people say that it is only for the rich).  The dream of Satoshi Nakamoto about free transaction fee is gone like a bubble.  Why is that happening? Because I guess, every bitcoin transaction must be verified first by the nodes in China, Russia and Iceland. And of course because of that, a service charge is deducted into your bitcoins.  What can be done to fix it? I guess it is difficult to fix it by an ordinary bitcoiner like us.  A certain Satoshi Nakamoto must enter the scene again to be able to fix that.  
397  Bitcoin / Bitcoin Discussion / Re: Why everybody is doing blockchain? on: January 02, 2018, 02:17:12 AM
Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

When bitcoin or crypto-currency was introduced by Satoshi Nakamoto way back Year 2007, His white paper proposes that  each piece of bitcoin contains equivalent hash.  The number of bitcoin circulation will only reproduce through generating hash (in bitcoin developer terminology means solving complex mathematical problem). It was called bitcoin mining(or crypto currency mining). Everybody can connect in bitcoin network and can contribute in generating hash (peer-to-peer network).  In simple term, bitcoin is just a number in computer with equivalent hash instead of gold.  In the present system, Federal Reserve can add number of dollar in the circulation through the changes in number saved in computer.  

Each computer are connected in bitcoin network and generate hash (bitcoin mining) called node.  Each bitcoin transaction is register in node.   Since bitcoin transaction is in the node, each node became and serve as your bank.  

Bitcoin is an open source (anybody can access its technical details on how bitcoin works) and peer-to-peer (anybody can create a node or bank).  So, we can consider that the intrinsic value of bitcoin is "trust and confidence" just like flat.  Some of us receive our salary or payment through bank.  We paid service charge in the bank to save in the computer the number that is equivalent to our money (flat value).  If the bank or the government declared bankruptcy, our money will disappear just like a bubble.  

Crypto-currency  is a system of currency that is decentralized meaning nobody (government or bank) controls it.  Meaning, there will be no service charge or bank charge will be deducted to you everytime you made any transaction.  In short, through cryptocurrency, you do not need bank because you have and can create your own bank.

Just like what happen in the past, the mode of transaction drastically change from gold or earth metals into flat,  in the next generation, flat will be replaced by crypto currency as anew currency.  It may be difficult in the start but sooner or later, people will be at ease in using it. The only advantage of those people who believes and invest as soon as bitcoin currency introduced is of course they are wealthier people compared to those who do not believe.  
 
398  Bitcoin / Bitcoin Discussion / Re: If people stop buying bitcoin on: January 02, 2018, 01:23:35 AM
What will happen if people just stop buying bitcoin? Will bitcoin be as usable as now Or will it be a step towards the end?

How will the market value react to it, people wanting to sell bitcoin but there is no one to buy.
I do not think your "what ifs" will not gonna happen.  Remember that all currency either flat or cryptocurrencies become valuable because people believe and agreed that it has value. Basically, more people believe that bitcoin has a great currency, then, it become more valuable.  Meaning, because of the acceptance of the people nowadays about the crypto currency and as the bitcoin community grows, your what ifs will not gonna happen.  Besides, your what ifs will just give negative impact to the crypto world. So, you should not be a pessimistic about crypto currency instead, just continue support bitcoin and be positive and it will bring you luck and positive energy. 
399  Bitcoin / Bitcoin Discussion / Re: Fear of bitcoin on: January 01, 2018, 04:39:28 AM
Why are some governments so keen to prove that bitcoin is dangerous. Recently, the Indian government sent notifications to the citizens that they should not invest in bitcoin.
This is because bitcion is a crypto curency.  Meaning, it is a system of money that is decentralized and cannot be controlled by any government or banks.  Why some government so keen to prove that bitcoin is dangerous?  Simply because they fear of bitcoin. Why? Because with bitcoin presence, they cannot control the circulation of it, the opportunity of government to monitor the income of their people using bitcoin is very hard to trace.  Then, it is impossible to impose tax out of it.  If there is no tax, then the government do not have income and money to run their state.  Another thing is, if the people will loose the confidence and trust on their flat money, its value will depreciate then the prediction that bitcoin will be the one world currency will be possible.  Bitcoin will be a great treat to flat.
400  Bitcoin / Bitcoin Discussion / Re: Forbes Magazine calls Bitcoin a "Great Scam" on: January 01, 2018, 04:10:06 AM
what else is new?

reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit!

the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology.
i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there.
he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers!
Yes, I agree with you. Maybe, Jay Adkisson do not know the history and concept of money.  Before, people uses gold bars as what Aristotle said that only rare earth metals can be use as money for transaction because you can divide it into smaller pieces or you can form or mold it into a bigger one. So, everybody can also write an article stating that a dollar is a scam because it do not contain any rare metal and do not have intrinsic value.  But the concept of money changes as the time goes by, according to Plato, anything can be consider as money even it has no intrinsic value as long as it was agreed and accept by the people as the mode of transaction. Meaning flat money do not have value unless it was agreed and accept by the people.  With the same concept, bitcoin do not have value unless it was accept and agreed to use by the people.  That is why bitcoin mining was introduced and that is why blockchain is important.  Without prior understanding of how bitcoin works, judging it as a scam is really easy.  But if you will study and understand how it works and its concept, people will gain a better and broader understanding about bitcoin. Maybe Jay Adkisson need to study first the concept of money prior to writing any article like this.
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