I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
We can never know? but I think Altcoins have a long way to travel and because of the value of bitcoin has sky rocket to the top the competitors was way back behind it and I do not like to say that other coins doesn't stand a chance against bitcoin because there might have a chance in the future that is why I don't want to talk big and finish them that way, and beside Altcoin have a very steep road to take because on 2018 Russia would now legalize in using bitcoin. Comparing bitcoin price to the other altcoins can show up a huge backlog between these two worlds. It is because that the crowd have heard about bitcoin first, and they know really good that most of the people are into blockchain network, not on some altcoin network. There are also people who use bitcoin and altcoins, however the number of them is surely smaller than the users that adopted only bitcoin. If we talk about cryptocurrency, the most of the trust all over the world is given to bitcoin, the rest of cryptocurrency world is rather a big mash-up, where nobody knows which altcoin has the biggest chance to overcome bitcoin popularity and usage. |
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You might want to try 1brokerbtc.co , they have a social trading feature where you can auto copy the trades of other profitable traders. Gives you the ability go 'hands-free' on trading, and let the experienced traders do the work for you.  I can vouch for 1B... I use it too and it's really good for trading global markets like forex, stocks, index, commodities, all using Bitcoins only. Recently used the social trading feature, it's cool, don't have to do much just set a maximum amount per trade and number of trades per day and let it run by itself. Just gotta find the right guy to follow, and viola, profit! ok i will try thank you for the recommend. It's great if this feature can let me earn passive income , not do much, i will be very happy.  That is a good and added feature for all the users who are trying hard to get a passive income with the use of bitcoin. It provides the risk free investment and the timely response from community that have been working for us. I have been playing some on forex markets, and my broker also made a "social" function available, but that was about 3 years ago. I remember that I have found out some really good traders which I have followed, to have an option of entering into same trades like them, but that just didn't work for me. Obviously, I have earned from it many times, but overall I would say that copying someones trades isn't a wise idea, because after all you risk your own money, not someone. From my perspective, you cannot rely on someone skills to make money on markets, instead you should self-educate and get knowledge to be able do the same things as your guru's. |
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I had big hopes in Trump. Just like I had in Obama 8 years ago. But the media and US government did it again. They fooled us. Made us think Hillary will bring WWIII but at the same time made us think that Trump is a nightmare for the western world and their goals to destroy middle east. Well played. Now they got installed a psycho as president.
Now, on many sources I´ve read, that war is coming soon. Japan, China, South Korea, North Korea and USA. Of course USA is playing the world police again and the scenario is written already. They act like they have to go against evil North Korea. Use of nuklear weapons pretty much possible. At the end, all I hope is that the US will see how war is. I hope the war will not be in Europe, middle east etc. I hope it will come to you Uncle Sam. In your country. Kill you premium humans and your children.
Whatever. What do you guys think will happen with the BTC price if this scenario will come true in a few weeks?
I have pretty much all my cash in Bitcoin and I am not sure if everything would go to hell if these psychos start this war? I guess they will cut most of the internet connection in the world, so people can not communicate and nobody will know whats going on in the world. So they can do their crimes and we have to start believing the shit in the newspapers again.
Not sure what to do with them coins now? I guess Fiat money will also be useless in war. Switch all to gold?
I dont think that choosing Hillary would be a better option, I think she is not able to make such a good decisions as Trump can. Also, Im against saying that Trump is a "Psycho president" because it is too early to tell, if he is really out of his mind, maybe the acts in Afghanistan and Syria (US behaviour) are leading to something bigger, which is good, not necessary a war. I cannot believe that anyone (except North Korea of course) would want to use their nuclear weapon, because everyone knows well that the moment of launching first nuclear bomb aimed in some country will be the start of humanity extincion. Are you really afraid of Trump starting a nuclear war? He is not a stupid person, he cares about US and he knows that starting a nuclear war would destroy US and the rest of the globe. |
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I think that Roger Ver has already got ridden some of his bitcoins.
He may cause the dump, but I doubt he is willing to put all his fortune in BTC on some low price, where he could trigger most of the buy orders.
There was many times in the bitcoin history when someone was dumping the coins , but bitcoin price could build-up a bit later.
I always thought that even big dump of bitcoin on the small price will not affect the coin so hard, because it has trust in it.
Too many people rely on the bitcoin, and I think they would work to build their best cryptocurrency to have more posibilites to earn money through it.
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I think the economist is correct! Bitcoin itself is intrinsically worthless, just like seashells are worthless but were used as money in the past.
Bitcoin is now worth >$1000 just because it has gained acceptance by more and more people- this is where its value lies.
I had a really good laugh reading that some people are really thinking that bitcoin is some kind of a Ponzi scheme. Tell me you geniuses, how is it possible that bitcoin is a ponzi, when the source code is available for everyone, who has internet connection? There is no mystery in it, everyone can look into the code, because it is open source right? Bitcoin is worthless? It may be overvalued a little bit, but as we can see we dont have some strange price drops from 1200$ level to 1000$ just for few seconds, and im sure that would happen if bitcoin price would be overvalued. Im waiting for some real proofs that we should pay 1000 times less for 1 bitcoin than we do now. So far, I have found none. |
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Oh c'mon dude! Just because of the transaction fees you cannot buy coffee? Even there is an increase in the transaction fees they are still low and will only cost you a few penny. Why blame the transaction fees? It is there to help the wallet provider to survive.
In my opinion, they blame the fees because of a very simple reason- they sent transactions usually, with small amounts of bitcoins in them, so it is very harmful. When you own 1 bitcoin, and you make 0.02 or even 0.01 transactions, this 30-50k satoshi fee doesnt hurts you like that, an experienced bitcoin user knows many way to decrease the fee, or to regain the money spend on it somehow, without big effort. I cannot grasp why would anyone think that the bitcoin has been made to pay for the coffee? Blockchain is a great technology and bitcoin is also revolutionary, and paying for coffee with it seems like a stupid idea for me, you better pay with BTC for some electronical devices, or anything more expensive than 5$ lol. |
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Spam attack causes another 60k fake pump in unconfirmed transactions to keep pumping whatever trash narrative the attacker wants to push.
Meanwhile bad miners keep blocking progress (segwit + LN, in order to allow for mainstream bitcoin usage).
Sad!!
I still cannot understand why everybody things this is a fake pump of transactions. Maybe im not thinking correctly right now, but 50k+ unconfirmed transactions have happened many times before, during the big traffic on blockchain, so why would it be spam right now? We can see more people getting interested about bitcoin , and cryptocurrency subject overall, so it is obvious that new people are coming to our crypto world. I understand the whole situation where BC/BU miners are trying to fight each other, and I understand that miners may have bigger profits when the blockchain is stuffed with transactions, but trafficing whole web for that purpose? Im not sure about that, maybe someone can explain that to me, please? |
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Trading is a completely different concept to learn and trading is acquired only when you have practical experience on it. There are many videos on youtube regarding trading but consider them as a suggestion because each person has his own views when it comes to trading.
The problem with all these videos is that they basically dont teach anything. I always thought that showing few patterns on video with entry and exit price isn't helpful at all for a newbies, they can only try to memorize the pattern and look for it in the real markets, but that won't make a job. It is about recognizing when to enter, when the specific incident occurs you have to be ready to go short/long. Without any practical experience ( on real money ) you won't make a career as a trader, demo accounts won't do the thing. It is because when the real money is involved, the panic and uncertainity goes in to the game. If you play only on demo, you dont really care if the trade you look at will be winning or losing one. |
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Most of the investors that do not touch cryptocurrencies would say that comparing bitcoin and gold is something extremely stupid, but I dont agree with that point of view.
Indeed, these are two completely different assets, because gold is real and bitcoin isn't, plus gold market is not so volatile as bitcoin market, but on the other hand, bitcoin is even more expensive than gold, and most important thing is that bitcoin is a new phenomenon, when gold is something which humanity knows well since thousands of years.
The golden rule of investing is to diversify your own wallet- so why diversifying it on also on bitcoin is a bad idea?
Look at the returns of the cryptocurrency traders, and you will change your mind very quick!
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I have 3 faucets that offer lower payouts with no claim intervals, and I have yet to see anyone else implement this method. I have also received mixed feedback regarding this method, which is why I'd like to see what the BitcoinTalk community thinks. With that being said, all 3 of my faucets remain popular and one in particular receives a ton of traffic. In my opinion, I think this strategy offers more pros to both sides than it does cons.
Pros:
1) Users can take 5-10 minutes at a time, or however much time they want to spend at any given moment to earn as much bitcoin as they want. As opposed to having to come back hours later, or create a schedule when it may not be convenient.
2) From a faucet owner perspective, it results in more captcha completions, which means more revenue, and ultimately the ability to offer higher payouts comparatively
3) From a faucet owner perspective, it results in more banner ad impressions and doesn't require the use of annoying popups or popunders to earn revenue, which also allows for higher payouts comparatively
4) Users don't get annoyed with popups and popunders on every claim and never come back
Cons:
1) It requires more clicks and more captcha completions to earn the same amount of bitcoin as it would if you were coming back on an hourly basis to claim
2) Users may get annoyed with completing captchas and never come back
So what do you guys think? Did I miss anything? I'm going to leave links to my sites off of this post for now, but they are pretty easy to find if you want to and if you want to see them just let me know. I'd prefer you answer the poll before viewing my sites, so as to get unbiased opinions.
I'm interested to hear your thoughts, because like I said I haven't seen anyone else implement this method and it's worked quite well for me. Maybe it will help someone else in the long run! Thanks for any and all feedback!
Personally I prefer low payout, high interval. Why? Because I type really fast and can solve captchas fast(if it's not recaptcha of course because that thing right now is a bother to solve). I would prefer something like unlimited claims, but each claim will only yield you 70 satoshis or something like that. That way, I can probably claim at least 500 times in 60 minutes, and at least I can hit the minimum withdrawal amount. Most faucets give you like 1000 satoshis every 360 minutes, and it's just a bother to make a visit to their site every so often. You have to either have a timer running or have really good memory. Most of the time I forget, and never hit the minimum withdrawal amount. That just makes my work worthless. I'd rather work in short bursts, and at least hit the min. |
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Anyone tried or currently trading forex is it possible to make money on it?
Everything is possible, but i don't think it is LIKELY that you are able to make a long term income out of forex trading. Fact is that forex markets are unpredictable at most, and sometimes it's just a pure gamble. Also you've got so many people trying to sell you their services for forex portfolio management, and they offer you seemingly professional tips. They ask you to sign up under their affiliate link and promise you a return. Of course, in the end you'll lose everything because he'll just execute as many trades as possible to get his share, and then run away. There is no easy money made in the forex market, if you want to make money, then study the patterns, take a course before you even put a single cent in actual trading. |
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Hi there,
Let's say I have 6 transactions that I want to be processed. Do I attach a small bitcoin fee per each transaction or is it a flat rate to include a transaction in a block? Also, as a tangent, if a transaction has multiple inputs and outputs, is the fee on each input or the transaction as a whole? Thank you so much for all your help guys!
The more inputs and more outputs there is to a transaction, the larger the size. You can technically pay 0 fees on every transaction but then your transaction isn't going to get included in a block. Basically, what you should do is look up the recommended fee of your transaction(usually wallets have this function) and follow that recommended fee. A rule of thumb is that the bigger the size of the transaction is, the more fee you have to pay. You can include multiple inputs and outputs in one single transaction. So instead of having 6 transactions you only need 1. You pay a fee, and it's calculated by usually bits/kB. There is no magical fee setting that is going to get every transaction confirmed first block, if you're wondering. I mean sure you could put 1 BTC as fee but that's not worth it is it. |
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I just heard about them but they have alot of sponsors on their site claiming that they are legit.
So my question is if anyone has used them yet?
Will you need to submit your identification after you deposit your bitcoins in and request for a withdrawal of cash?
And are they available outside of countries of Europe because after looking what they have as a description on their front page they use SEPA transfers which are used by banks within Europe.
So citizens in the Americas are not allowed to use their service if they want to eventually withdraw to a bank account that doesn't use SEPA as a service?
Any advice on this site would be appreciated.
Thank you.
They are most likely legit. However you still wanna reconsider something here. You have absolutely no control over the borrower once they default on a loan(if they do). All you can do is hope for the best, but expect the worst. That's literally all you can do. Why? Because you're not going to travel overseas to Cyprus or Vietnam to recover a debt of $100 when the damn plane ticket is $1,000+ one way. The police department isn't going to give a damn, because they simply have got more important stuff on their hands. BitBond is legit as an escrow and matchmaker between lenders and borrowers, but the borrower quality there is pretty bad. |
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Brothers approach ,play and a beautiful day !!! Alert to those you hide face!Hi , As per our gaming license regulations, we require a full review of a player account once a player is suspected to have multiple accounts, or is suspect of breaching any of our website’s terms and conditions. Therefore, we must undertake a full KYC (know your customer) identification check on the Player. Please provide us with the following KYC documents: 1. A scanned or photographed copy of a National Photo ID, passport or driver’s license (needs to show all 4 corners). If you are sending your ID card or driver’s license, please send both back & front of the card. 2. A document that verifies your address such as a utility bill, bank statement or tax bill (Not older than 90 days from the day of sending) and needs to show all 4 corners of the document. 3. Proof of the IP address you are connecting from, when playing at our casino (you can visit http://www.whatismyip.com/ and take a screenshot of the page). We will then undertake a review to ensure you are the user who is using this account. If you have any other questions, please hit 'Reply' and we will do our best to satisfy those requests. Regards, Joanna mBit Casino Support I really do not think that these casino operators have any idea how bitcoin works and what the community is like. Whilst making sure that everything is running smoothly by asking every single bit of your personal info may sound good on paper, it actually does not work at all if you mix it with bitcoin. The fact is that they can quote their Terms and Conditions anywhere, anytime to limit any player's withdrawal they like. You can't argue, because you have agreed to their terms and conditions when you registered( who even reads that stuff these days? the damn thing is like 15 pages long, and i just want to place a quick bet on your site!  ) Just avoid all of the bitcoin sportsbooks that have history of doing this. I know that directbet has never done this, although they may have lower limits. |
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More and more people are using smartphones thanks to budget friendly mid-rangers, almost anyone can now afford to buy a smartphone.
Mobile payment is becoming more common and it is an opportunity to acquaint people more into using bitcoin . Mobile payment will eventually replace credit cards or at least will make them less mainstream. An example of this is Apple Pay. Bitcoin smartphone wallet apps are to use when you have a transaction, you just scan a qr code and the transaction is done though will take some time to be confirmed.
I would agree. But not just smartphones, but phones in general. People, are able to use even non-smartphones in rural areas because they don't have internet access. They can send a text message to a service that allows them to do bitcoin transactions without internet access, and then the service provider sends the bitcoin for them. Phones are just so much more portable now than laptops or PCs. |
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Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.
Will you invest in such scheme well before it vanishes with bitcoins/money?
First of all there is always a risk that the promised return will never be given to you. It is not something that is odd at all when an "investment" company offers you 10% monthly and you think that they're running a ponzi scheme ,and you're investing into the scheme because you feel like they will pay at least the first few investors, right? No, if every ponzi scheme was that way then every ponzi investor would be rich, LOL. Secondly, you have to deal with the guiltiness of knowing that you have done something wrong , and in my opinion , it is not worth it. You're only getting, like something like $10 a month, and you're getting that $10 out of someone else's investment. It really sucks when you know even if you win in a game , you are doing it because someone else is LOSING. That is why I always avoid ponzis , even when it is new and looks promising. |
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Hey everyone,
I've been loosely following bitcoin over the past year or so and finally decided to see if I could earn any of my own back in February. I've read a few recent threads here, and I have to say, contrary to popular opinion, I managed to earn 0.0025+ satoshi only using faucets. I lost 0.0005+ satoshi due to changing network fees and fumbling around to find a wallet that would accept small deposits (xapo!). I then lost another 0.001 satoshi getting caught in the bitcity.biz scam.
Needless to say, once bitten, twice shy. Rumours around the 'net say you have to have a thick skin to engage on this board, not sure if that's true in this particular newbie forum or not, but just saying the rumours I've heard. I actually thought maybe those rumours could be of some assistance to me. When scammers are not tolerated, its easier for helpful info to rise to the surface.
I am experimenting to see if it's possible to earn a decent amount of satoshi on my own without affiliates as I am a terrible marketer and most of my friends don't appreciate affiliate systems in general. So if I can do this on my own, I will be blogging about it and hopefully helping others do the same.
Based on what I was seeing over the past two months, various investment platforms will begin as low as 0.001 investment. The two that seem to be above board according to some sources are Coin factory and AdmiralBTC. Would anyone agree, disagree or suggest something more reputable? At the moment I have the bulk of earned satoshi over at freebitco.in since they began doing the 4.08% annual interest. Got my first 11 satoshi in interest this morning.
Step one was to prove to myself that one could indeed earn enough satoshi to begin building it.
Step two is to choose the safest, most secure method to do the growing while continuing to earn more satoshi. I would love as many honest responses as I can get on this one. I'm not much of a risk taker and I agree with the slogan: invest only what you are prepared to lose. As I said, I've already lost 0.001 satoshi trying to figure this out. That's a lot of faucet hours! (first .001 took just over a month, second .001 took exactly two weeks, a few hours here and there each day as I could spare)
Step three is to grow the satoshi via investment and earnings to a level where I can use Xapo's debit card to do things like pay for groceries or buy gas. Although that brings me to another question:
Xapo and another wallet both deal only in btc, USD, or in the other wallet's case, also Euro. Neither deal in CAD, although Xapo does have a CAD wallet that auto-created for me when I created my account. I live in Canada. So exchange rates would have to happen at the point of sale rather than at the wallet. Is there a wallet out there that offers a debit card going from BTC to CAD?
I look forward to hearing some helpful advice. You never know, I might just cite you in my blogging about this adventure.
Well first of all, welcome to the bitcoin forum! Always nice to see new bitcoiners around. As regards to your question, I think the best way to do it if you really wanted to is to find a faucet wallet that you like(e.g. FaucetHub), and then go through their rotator one by one until you get to their minimum payout. Pay your bitcoins out to freebitco.in because they offer a 4% p.a. interest on your deposits, and that can really add up over time. And then once you've got enough, look into poloniex and bitfinex lending, they are great ways to earn money as well, and you're basically doing nothing! Hope I helped a little, and don't give up |
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...
I have long written that diversification is a very smart idea. No one can predict the future, etc. But discussed below is another reason not be 100% in ANY investment, at least for long. I ran into this argument at a gold blog.
Imagine that you are 100% invested, "All Inn", in gold. Even if the price of gold were to go way up, there is still a big risk that many don't see. Namely what happens if there is a big price drop JUST when the owner might NEED to sell (eg, an unexpected emergency). If our imaginary friend bought in at $1275 gold (approx. price today), and then price drops to $900 (Martin Armstrong predicts a sharp price drop like this, prior to a big price rise, a "slingshot" price rise after its initial drop).
And then, just at a bad time for the gold owner, he might need money (US dollars) to cover an unexpected $200,000 medical bill. And he if forced to sell his gold at a 25% loss to cover his bills... Ouch! It would hurt even more should gold then go to $2500 per ounce.
So, it is unwise to be All Inn on gold, even if we were to be very sure that $2500 gold is coming.
The above scenario would hold for Bitcoin as well, or anything else to be held long-term.
Some of us gold owners have a saying: "Protect the precious." That means keep some powder dry (CA$H on hand) for the unexpected.
Personally I think the wisest thing that a prepper can do is to diversify his stock of everything, like you have suggested right here. You are absolutely spot on about even if gold is a good investment and is guaranteed to fight inflation, it is not a good idea to get all your wealth into gold. The reason for that is because if you are going for the long term and in the short term if you have a very big emergency that forced you to liquidate your gold, then you're probably going to liquidate it at a loss because of the spreads on physical gold. I would say hold around 30% bitcoin, 30% precious metals, and the 40% should be your own decision what you want to invest in. I wouldn't own any land because that's worthless in times of crisis. And it's in a bubble right now, i can feel 2008 repeating itself. |
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Greetings,
I am intrigued with owning a bitcoin debit card, but which one is best??? I viewed a youtube video of WageCan. What I do not like about their policy is
that they require everyone to submit ID in order to get their card. Other than that I read that they have positive reviews. I heard of BitPay. I do not
know much about them. I think they had some not so favorable reviews I do not remember. I also do not know of their requirements for their card.
I like the "working" of what I read of WageCan, but minus the ID requirement. I am in the USA...Can anyone point me in the right direction. I hope to hear from you really soon!!!
Best regards,
I would suggest wirex if you want to avoid the id requirement, but then you would only be able to get a really low amount of limits or you can only get a virtual credit card which kind of sucks, i think. Basically a bitcoin debit card allows you to cash out bitcoin, and anything that involves a central company, bitcoin, and fiat is required to get the customer's identification as per KYC requirements. Pretty sure that only the shape card works in the US though. If you're travelling overseas, check out the Bitwala card: https://www.youtube.com/watch?v=x2vN-oKXQrgLooks pretty nice from that guy's video at least. |
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Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering. The authorities hope to recognize bitcoin and other cryptocurrencies in 2018 as they seek to enforce rules against illegal transfers, Deputy Finance Minister Alexey Moiseev said in an interview. The central bank is developing a joint position together with the government on digital currencies, according to its press service. https://www.bloomberg.com/news/articles/2017-04-10/russia-caves-in-on-bitcoin-to-open-new-front-on-money-laundering
I'm not sure If I should be happy or sad since they are planning to Legalize bitcoin but in the same time, tracking transactions. I'm not entirely sure on how they plan to do it though and how It could be possible unless they are planning to run their own exchanges. I believe that Russians will need TumbleBit whenever this will happen. Jesus christ. I read the first part of the title and I'm like yays for bitcoin! Finally getting recognised all over the world, Japan, Russia, etc. And then I read the second part... Track every transaction???I'd rather have them stay away from bitcoin than them regulating and approving bitcoin to be used, honestly. Because the more they try to ban bitcoin, the more people are going to realise bitcoin is the way to go. But if they want to legalize it, then why should they track every transaction? Just another reason to immigrate out of Russia, they must be up down there. They want to use Bitcoin to stop illicit money from flowing out of Russia? Isn't that like using a strainer to hold flour? LOL  Hahahahha you made my day |
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