Since I don't own any properties, I will not do this. Why do you need to do this ? why not focus more on getting money without sacrificing all your memories with your house. Yes bitcoin is really profitable but doing this is not an Ideal thing, save money then invest on bitcoin later on.
LOL, to hell with a memory. New ones can be purchased  This a bold but rewarding strategy. Rather than sell the house, think I would take the equity out and gamble with that. essentially, you dont have a crystal ball; if your asset suddenly goes south, you have the very real danger of losing the original quarter million dollar plus asset, which would set you back a decade. dont ever take this much risk, esp with a family. get a loan against the house, and go in partially, so if you do mess up, you arent instantly destitute/underwater. but man, if this worked, you just made a free house + an additional houses worth of money. thats a hell of a payoff, and worth living in a rental for a few years IMO |
|
|
|
It seems now that BTC and many of the main cryptos are our of reach for a majority of people. It’s become a speculative disaster waiting to happen. A peer to peer decentralised form of payment now left in the hands of 2 individuals who own more than 40% of it and an ever increasing and volatile price which makes transacting in BTC for goods and services practically impossible. It’s fair to assume that satoshi would be appaled by what is taking place.
Man hell to the no this price is not justified. I think of bitcoin as the original utility token. there is no bitcoin inc, or a centralized entity making profit and sharing it through bitcoin; the price rises hopefully as people realized the utility it provides, and increases demand. So as I frequently state, what utility has been built in recently, hell, even since 2017, that would justify this price. Either I missed something huge, or bitcoin is the most undervalued asset in the world atm. and you are right. if we dont get a handle on the price, it will never be attractive to merchants in a real way (accepting bitcoin and immediately converting it to fiat is not helpful to the ecosystem, its downward sell pressure tbh) |
|
|
|
Very easy to explain. The money that outflows from BTC, when the price goes down, has to go somewhere. thats usually the alt markets, most people are not will to go through the costs and hassle of converting to fiat every time. So during this downtrend, the market share that is leaving btc is essentially causing this. this isnt a bad thing, btc will not survive by itself. but this is temporary for the short term. btc is still the most media friendly coin, and is thus the most promoted. this will change soon, when corps that have icos realize that btc spends zero dollars on marketing  it would be really easy to make a larger splash on the public with a different coin, if only someone tried. |
|
|
|
Joining signature campaigns or even social media campaign are great ways to earn bitcoin. Other than this, if you can know photoshop or any editing software, you can earn bitcoin through selling your designed logo in here. Also, translating is also in demand. You just have to showcase your talent that is in demand in here to earn bitcoin.
Expand your perspective So the majority of folks would suggest participating in an ICo signature campaign, which I agree with. But eventually, something should occur to you: "if they are paying me this much to make shitty posts in broken English on a forum that only seems to be populated by other bounty folks, wel, how much are they paying the people that work for the ICO?" Exactly. There is sooo much more value in actually working for these things. They need everything, they are start up companies. Marketing. Support. Promotion. Moderation. Translation. Some of the guys that have made permanent service offerings ( growthhackers, the bounty campaign managers) are making 10-50k PER PROJECT. I shit you not. so dont be so limited in your thinking. find your skill. then market it to the hundreds of icos that are competing for our attention at the moment. there is so much value here. get it while you can, but do not forget your Father's face. |
|
|
|
Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
Nooooo. Sweet Lord dont know how any times we have answered this here. In your particular case, you should probably reduce your hours at work a bit, and get enough devices and connectivity that you can trade on the go. you cant predict where all this will go; inversely, you have a steady, permanent income stream that can assist you with accelerating your bitcoin holdings. dont look a gift horse in the mouth. never give up that income stream, or at least seek to replace it. but if you are truly generating more per hour on average than what you are being paid at your job, meh, maybe you should quit (I mean, it has to be a biiiig difference to justify this LOL) |
|
|
|
See at the moment bitcoin is one of the most secured and trending cryptocurrecy and even its price is growing day by day.... so there are very less chances of any another currency taking over it but u never know what could happen !!
You are thinking rather short term. I do agree bitcoin will be around as long a block chains are around, which seems like forever at this point. block chain technology is just starting to get adopted on a corporate level, but I can assure you it is here to stay. so at the best case scenario will will keep on with btc, but utilize the alts in the manner that we have up to this point (some alts are just better than btc for spending as a currency). worst case, btc is 100k a pop, and pretty much a collectors item as few ppl that didnt adopt early, cant afford to have a significant amount. I think the latter is most possible; 20 years from now, having BTC will be like having old collectors coins in mint condition |
|
|
|
Hello,
i see the chart is going up now, maybe for a short term and go back down, but do you think the new fresh money which can be reinvested from the beggining of Jan ( especially the chinese funds, as the banks release the holden stocks of private investors and companys ) will keep the price maybe back to 20k or even higher?
can you maybe tell me some reasons why it is going up for the future?
btw iam a long term holder ( 3+ years ) and iam not panic selling at all, i just wait for the right moment.
Jan is an unknown at this point. IMO, we werent supposed to get to this price point quite so early in the game, and the choas is reflecting this. I dont know what the fuck happened in 2017 to drive the price so much (we literally had like, 3 major forks that are actually viable LOL). Given how we behaved in 2017, the price increase was totally unjustified. Now we are correcting, to where no one really knows. I call at least a week under 10k, tbh i think it will go lower than that, slowly. but I will say, will will obviously see far beyond 20k. cant wait for the future  |
|
|
|
I believe that. What do you think guys. Should I buy more BTC now and catch the the wave of price up?
We are in a volatile time frame that will last 2 weeks to 2 months says THE PROPHET. He says we will see btc and bch both at 10k then both will go up to 50K So that's 100k in value if you have both. https://www.soladoni.com/bitcoin-cash-bitcoin/So this is the moment in time when the world awakens to crypto. Those coming in will see bch as equal to btc he says. 2 Weeks to 2 months we will know how right he is. He said this two days ago and today we saw btc hit 11k range then it recovered, no one was calling for a drop to 10k that fast, yet he was. So I expect to see wild swings for the next couple of weeks if not months and eventually the value ratio between the two coins levels out. 2 weeks ago the value ratio was 10 to 1 in favor of btc today it went to 5 to 1 btc value to bch. So we are moving in the direction he said 2 days ago. Oh, that article was posted here in another thread warning he said btc was going to collapse to 10k and within a day we saw it go to 11k The greatest call in the history of btc probably was that call right here. Who else was saying 10k within the past 2 days? Only him. Then today hit. So he is proving WHY THE CALL HIM THE PROPHET He speaks and bitcoin moves. Same guy has a long history of calling quakes and hurricanes before they happen. Same guy has a band with over 40 million plays on SoundCloud where he is called THE PROPHET OF ROCK due to his music videos singing about events and showing in the videos where the events will strike. So you can say it's BS or realize, he is THE PROPHET and todays blood bath was 100% called by him 2 days ago right in this forum. I feel like you are shilling for said site a bit LOL. never take anyones signals as gospel, no one is perfect and when you stop doing diligence and trust purely in the signal, you can get 'rekt'. But yh, this patch of volatility is far from over, and I am tether (selectively), nubits, DOGE (got in at 17-19) and ERC20 tokens that bear divs. Note to the community; div ercs dip, but they always go back. just like real dividend stocks choose wisely |
|
|
|
I have opportunity in overseas job around 1000 usd. but my mind now not in a stable manner.
please guide me whats the best option doing crypto currency on the home or move to the job overseas?
It depends, this is one of the few times that I would actually recommend the bitcoin job LOL ! I feel as though a job that would have you relocate, would most likely pay more. this certainly doesnt have to be the case, but Im assuming thee is a reason you re even considering this (most people would go with the greater income stream). if the amount of bitcoin/crypto that you would land is actually worth a damn, then not having to leave the country is obviously the best solution. you will get to see your family as a primary benefit, and there are hidden costs in living abroad (unless the job is relocating you) |
|
|
|
I'm wondering why bitcoin was made if there are too many currencies in each country, why would anyone add or make a type of currency in the internet? For easier and faster transactions or so ?
Well, why would we need more than one currency period then LOL? while there are some actual digital fiats (ACH /SWIFT funds), there is always the deal of conversion rates. if you have ever tried to purchase something denominated in another fiat (buying something in pounds, for example) its subject tiiitakes a fee. in this increasingly global economy, having a common currency that doesnt rely on a gov is a great idea. and so much faster,it takes a least a day for transaction like to resolve with a cc/debit. |
|
|
|
From recent news in India it is heard that bitcoins are used to sell drugs..I know its a currency and it is also used as a normal money... but these can create a bad space in people's mind that bitcoins are used to sell drugs..so they will not use bitcoins... Conclusion is that BTC is also a currency which is having a high value in the market..and bitcoins must not be used in these illegal activity which can reduce its usage and value.
bitcoin is a money man. people buy drugs with money LOL, so this was a natural conclusion i think the issue the media is carrying right now is more about this inflated price, rather than the legitimacy of bitcoin traffic. we just got past the season of scandals (the kidnapping, btce, some high profile scams), this is the season of bubble (Jamie Dimon and the rest of wallstreet, and the msm). do people stop using cash because other folks use it for illegal activity? of course not, and the same should apply for cryptos |
|
|
|
i have never predicted when will the price of bitcoin will drop or rise, it is extremely unstable to predict exactly, so i can only use the safe way whenever i want to trade bitcoin, sell when i reach my goal and buy when it drop fast.
Yes, we can't really predict bitcoin price if it will rise or fall. For me, whenever I see bitcoin rise the more eager I hold my btc and I don't know when to sell it. Maybe I will follow what you are doing, I will sell when I reach my goal. never buy any speculative asset without having an exit point. it can be a time frame, or a price. but everything that goes up must go down, so at the least have a profit level where you feel compensated getting out at. bitcoin, despite the enthusiasm, is clearly in a downtrend. buyer beware, and consider not going all in either way (fiat or crypto) as you may need to hedge on extreme price movement. i would suggest tether right now, but LOL. look at nubits as a hedge, or vaultoro. |
|
|
|
Bitcoin is a digital currency. If you save it in your wallet it will be your assets. Or you spend it in your expenses it will be a currency. I think butcoin is a asset & a currency also.
Thank you
You are welcome  While people use bitcoin as a currency, that doesnt really mean its suited to do so. first off, you will find that no currencies are as volatile as this in the real world. it makes it not so useful for everyday transactions; its hard to make a budget when a tank of gas might cost 50% more the next day. this is akin to shopping at Walmart with gold coins; too much of a hassle and you would have been better off converting it first. if not just for the sake of speed, at least so that you can save on the conversion costs/fees. |
|
|
|
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.
actually, if you look at past market behavior, one would assume that the alts would essentially replace bitcoin, not sink to ruin. cryptocurrencies are here to stay at this point, but possibly not in the incarnations we are used to at the moment. so bitcoin will pretty much be a thing from here on out, but it may fall out of use (ppl will still collect it, it will truly be digital gold) I digress. when money outflows from bitcoin, some of it goes back to fiat, but the majority of it turns into alt investment. so capital outflows from btc (as it holds the most market share) is actually a Martha Stewart "good thing". spreads the money through the entire sphere, rather than a single coin. |
|
|
|
this should really change too much. until now, I assumed this was the case for UK! (they usually take a similar stance the US in regulatory matters). All that has changed is this: Cryptocurrency exchanges and wallet providers will be required to identify users. The European Parliament’s Committee on Economic and Monetary Affairs said that the ruling must be converted to enforceable law within EU member states within 18 months. If you are dealing with an exchange over here in the States that you can deposit or withdraw fiat from, you had to undergo aml/kyc anyway, to varying degrees. this is expected of any "money service business" in the States, and the lack thereof is almost a red flag (they could get shout down any day). We made this transition painlessly, as it was an expected thing. it wont really affect markets, but it will be a time consuming pain in your ass to adhere to (welcome to waiting a week to get verified!) and sooo many ppl are about to flood your exchange customer support channels doing just this. good luck bros! |
|
|
|
IRS contracted to use Chainalysis software for nabbing Tax evaders if they don't pay their fairshare to tax payers fund. Any idea on Chainalaysis tool? Any links for IRS guidelines for filing taxes in US?
You can find the guidance, its all over the forum and the interwebz. I want to address CA. Chainanalysis was designed to trace illicit transactions. given that the average bitcoin user will do far less that the average criminal to obscure an address, essentially this is a smoking gun. using your known exchange address as a starting point (somewhere that you underwent KYC/AML), the tool should allow folks to walk back up the chain through the series of wallet interactions (people tend not to send money to random folks ) use the dark coins. but assume everything you have done on a blockchain up to this point is discoverable, and use dark coins in the future if you want to avoid this tracking. |
|
|
|
If not now, eventually.
The price is over inflated, that value has to come from somewhere. The overall economies don't just create value out of nowhere, they move it around.
If the market swells so as we have learnt from the past there will always be a correction to find market equilibrium.
I'm warning you now, as a friend. Don't be caught out when it corrects.
Draw down your stake. Leave some in it if you really want but trust be its better to be safe than sorry as it will correct and when it does if you're not prepared you will loss heavily.
Bitcoin has helped to spread wealth to those who believe in and support new technology. It is time to take that money and invest it in developments elsewhere while we still have the chance.
I have been preaching this for months at this point. finally, finally, the reckoning is happening, we are slowly starting to establish a dead cat bounce. As OP, i suggest going in which a percentage scheme (50% in 50% out for example). Anyone that says they know how this will go is lying to you plainly. There is a ton of profit to made in thses disrupted markets ,but there is also a fortune to be lost. be careful. look at general trends, back that chart out to 1 - 6 hours candles before you make a purchase. I dont think this is over yet. |
|
|
|
The biggest problems I see with mining is that it is a waste of computing power, energy, and labor. We could be using this computing power for AI, exploring space, or solving world problems. Instead we are using up a ton of resources like electricity and producing nothing tangible in return. On the other hand our current banking system does use up a lot of resources to produce and maintain currency. I just wish there was a way to be more planet friendly when producing a digital currency.
No fucks can give about the computing power itself, moreso the amount of power used, like you said. under ideal circumstances, miners can be built from pre existing parts on certain algos. so for the environmentally conscious miner, btc isnt even really an option at the moment, but alt algos still can be profitable to mine. but the power, despite the device, is the real problem, its a waste of a resource that is really needed for something more practical. the labor is a benefit, imo. there is nothing wrong with value creation, just so at the sake of safety/longevity. |
|
|
|
Hi I am a newbie here in Bitcointakorg. Also I am new to Crypto trading fielding as well. While I was talking to one of my friends about Crypto Market. He doubted this new currency trend. As He said There is Illuminati behind this project. He submitted me some facts exacting some one's article that It is a scam and that could cause to loose everything one day. I will list them here below one by one.
1. Bitcoin is not a company, It has no corporate entity..
(You can't sue bitcoin, inc. If the promises you were made about bitcoin price valuations don't pan. There is no bitcoin, inc)
2. Bitcoin doesn't have any earnings, revenues, profits, profits or P/E ratios.
3. Bitcoin trading isn't regulated by any one.
4. If the internet goes down, Bitcoins cease to exit.
5. Very few accept bitcoins as form of payment. ( although this could grow)
6. Bitcoins transactions are not free and fee getting increased time to time.
7. You can't sue anything if you loose your bitcoins,
8. Nearly all bitcoins promoters have a conflict of interest in attracting more buyers in to bitcoins.
9. Bitcoin isn't very liquid market compare to stock market, Transactions can days to clear
10. Because of bitcoin isn't regulated by the SEC, Bitcoin promoters can claim any forward - looking estimates for future
( the government cannot take any legal action against them )
I would like to know you people's views regarding above facts, Really Appreciate your participation, Looking forward to learn many things from you as a newbie. Thanks in advance.
Most of this is true, save the following: 3. Its not regulated everywhere, but trust and believe there is at least a basis of regulation in some markets, like China and the US for example. Its property here; the same laws that govern maximum transaction value before reporting affect btc. 4. you could have a consensus with a wide enough LAN 7. Depends on who lost them LOL. If you lose them from a privately managed wallet then no, but if they are on an exchange, TOS doesnt always remove them from this liability (ask MTGOX).. 9. Wat? Stock sales take three days to clear, as do deposits. Contrast that with 15 minute deposits, and instant transactions and withdrawals. This is actually one of the major points of rhetoric when comparing stocks to crypto assets, crypto is much, much faster. |
|
|
|
Dear team
I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
LOL, im sure someone with 100btc that knows about it, would at least make basic preparations for passing it on. but if they didnt, effectively these coins are out of circulation. Most paper wallets only last so long, and even if a hardware wallet is used, its not indestructable. so there is the potential for discovery while the wallet is is still accessible; after that, they are out of the loop (at least until someone starts cracking private keys with next generation processors) |
|
|
|
|
Show Posts
