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1261
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Bitcoin / Bitcoin Discussion / Re: Who owns the most Bitcoins?
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on: March 21, 2018, 01:42:48 PM
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Who owns the most Bitcoins?
Is it the Owners of Gambling Sites or the public.
I read Satoshi Nakamoto owns the most number of Bitcoin because he is the first miner and he mines the Genesis blocks or the first blocks of Bitcoin, I believe he has hidden Bitcoin in his other wallet because he is the creator of this technology. |
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1264
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Economy / Economics / Re: Bitcoin as your main income?
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on: March 13, 2018, 11:26:33 AM
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Bitcoin does not provide income. You may profit from your speculation, but it is not income.
Furthermore, gains are not guaranteed or even consistent. For example, people that bought in December at $19k are going to have to wait a long time just to break even.
I agree with your opinion unless you are a big investor or trader, you can hardly make an income here continuously, you are bound to make losses and with the price going up and down it's hard to make a quick profit here so don't leave your offline job yet. |
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1265
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is the cryptocurrency market broken in its current form?
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on: March 11, 2018, 11:47:42 PM
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I am a big believer in blockchain and crypto and it's potential to revolutionise many aspects of daily life. But has the FUD, infighting, dramatic increase in the number and volume of pointless currencies, and attempts by large institutions to control the industry, ultimately led to the prolonged bearish market we have seen since December? If this continues, could the next big scandal lead to a catastrophic effect, that could have an irreversible decline?
I hope it will not happen, but some of these are fake news, just meant for cryptocurrency to drop so they can buy low and sell high when the right time comes and it will continue this way because we are talking about a highly volatile portfolio. |
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1266
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin next target
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on: March 11, 2018, 11:45:33 PM
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Bitcoin just reached $16,920.50 with market cap $283 billion,
What would be the next Bitcoin target? $25k or $30k?
I believe it will eventually come to that level the biggest question is when with so many bad news around cryptocurrency and Bitcoin, in general, it's now hard for Bitcoin to reach it's former all-time high. we all thought after it reaches $18k it will go to $25 level until India ban broke out |
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1267
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Bitcoin / Bitcoin Discussion / Re: Easy way to explain and teach Bitcoin
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on: March 11, 2018, 11:42:30 PM
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[ https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf] How to Explain Bitcoin to a 7-Year-OldI’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production.
There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever.
The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room.
Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them.
First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face.
Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room.
Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin.
“So where do the coins come from? How did it start? Who got the first coins?”
There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good.
“Ok, couldn’t someone make their own fake coins?”
No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them.
“Who made the robot..?”
Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know.
“… Crazy.”
From Tony Diepenbrock IV on medium. Or you can also watch this excellent video:bitcoin 101: https://youtu.be/Bhe61JaNFLU[/quote] This is a good explanation and very clear but nothing can be clearer than a good videos and you can find it a lot of it on Youtube, actually Youtube is my good source if I want to explain what Bitcoin to my friends and business partner it's easy and fun. |
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1268
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Alternate cryptocurrencies / Altcoin Discussion / Re: Exchange or Wallet?
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on: March 09, 2018, 01:37:44 PM
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I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
I prefer to keep my coins in my wallet, I can secure it effectively, but with exchange, there is a chance of hacking, I only keep a portion of the coins that I am going to trade, there's a lot of hacking going on exchanges and you will have no control once it is hack. |
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1269
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Economy / Speculation / Re: Japan suspended some exchanges from trading btc?
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on: March 09, 2018, 01:10:00 PM
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Yes this is a bad news that JAPAN suspended some exchanges for trading Bitcoin. This will effect the crypto market negatively. Bitcoin may comedown to $8000.
Price is not good at this time and the sign is telling us we are heading in that direction, I hope there is a good news coming up so we can be rebound from this bad news I hate to see things that have happened last January where Bitcoin almost hit $7000 level. |
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1270
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin Predictions 2018
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on: March 08, 2018, 11:37:15 PM
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Right no everything are all in Red this is a good time to buy coins that you want to buy at a much lower price than last week and Litecoin is a good pick to buy, but I notice in the past two months price is not dramatically increasing it never go up to $250 level but it is still profitable.
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1271
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]MeetnGreetMe - Personalizing your travel experience
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on: March 07, 2018, 01:27:17 AM
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I really liked this project. travel will always be relevant, I hope you will succeed. only I did not see the information about when will the sale of the tokens
Check out their website you will find all the relevant information about their ICO I agree with you this project has a good potential good team composition and roadmap is implementable if there is going to be a project like this in the cryptocurrency industry, this is the team that could do this. |
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1272
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: No more facebook campaigns?
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on: March 07, 2018, 01:01:54 AM
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I just saw that a bounty stopped their facebook bounty program and I read that they are stopping this program since facebook banned ICO advertisements.But I thought that individuals are free to post about the ICOs.
So someone please make clear that facebook totally banned ICO ads or not?
If yes means no more facebook campaigns right then what will be the effect on the ICO sale due to this kind of action.
I still see a lot of facebook bounty campaigns and I still see a lot of post about ico and cryptocurrency, I think posting ads on facebook is what is restricted on Facebook, with hundreds of millions of people on facebook posting daily I doubt if they can trace all that. |
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1276
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Bitcoin / Bitcoin Discussion / Re: Using Bitcoin vs. credit cards
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on: March 03, 2018, 09:26:17 PM
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They do have a 1% to 2% chargeback plus a lot of incentives but do they have people making a huge profit by holding their money in their credit card, whereas in Bitcoin we have seen countless people's stories who made a lot by having Bitcoin in their wallet.
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1277
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Reason why you need to consider investing in ethereum rather than bitcoin!!!
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on: March 01, 2018, 01:37:01 PM
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Consider the fact that ether is still underpriced at $1,000 ($100B market cap).Ether should be well over that. Consider the fact that ether handles more transactions than all other blockchains combined! We are still in the early stages of crypto, Though the price of bitcoin will likely rise as well, but ether seems much more promising to become the crypto crown in the nearest future. Some conservative predictions have ether hitting a 1 trillion market cap by 2020.  I will believe if only etherem price is not affected by bitcoin's price, everytime bitcoin crash all cryptocurrency like ethereum also crashes, it seems ethereum price is also dependent on how Bitcoin performs, and not the other way around. |
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1278
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Bitcoin / Bitcoin Discussion / Re: Can Bitcoin Really End World Poverty?
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on: March 01, 2018, 01:28:55 PM
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Yes it's possible to some but not to all, those early investors really made a lot of money but the price of Bitcoin and its volatility makes the majority to think to slow down investing on Bitcoin, there's no guaranty that you can really get rich investing in Bitcoin.
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1279
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Providence (PVE) 100% Cashless & Physical Crypto Casino & Resort
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on: February 25, 2018, 09:45:51 AM
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sounds good this idea to have physical casino for cryptocurrencies..When starts?
It is planned for March which will last for 15 days. You should subscribe to their mailing to bot miss the starting date. For the available information on site there will be some kind of bonus of 35%. It is one of the high profile project which will most probably complete within hours. Mailing list and their telegram channel is the best source of information about Providence they only update here when there is a major update, there are two moderators on their forum they can answer all your questions about Providence coming ICO |
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1280
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Bitcoin / Bitcoin Discussion / Re: How are your governments reacting to Bitcoin?
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on: February 25, 2018, 09:06:26 AM
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So far here in our country The Philippines our government has a positive outlook on Bitcoin, in fact, we have a local currency exchange where you can exchange your bitcoin to local currency or use it to pay our bills or load our prepaid cell phone I'm glad our government has this kind of attitude towards Bitcoin.
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