My issue with local bitcoins is that it can take a pretty long time to accumulate a position
And most sellers are trying to extract a stiff above market price
I suppose anonymity has a price
Instead of searching for good traders selling bitcoin, you can as well list your own ad there to buy bitcoin at your specified price. It may take some time for someone to show up, but you should be able to get a better price. |
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Instead of fixing the reward at 0.01 btc (as in your example), you should set up a plan to split the players' money.
Say for example, 50% to winner, 30% to 1st runner up, 15% to 2nd runner up, and 5% to yourself.
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Dude, if you had already decided to leave bitcointalk forever and is forced to come back only for clevermining, isn't it better for you to just focus on the matter and leave the quarrel behind, and once again leave after the problem is solved?
tammy endorses censorshipNot really, but I just don't see any benefits from those shouting, cursing and fighting with BadBear. |
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Is it the most safe and profitable to invest bitcoin is just to trading it? buy low sell high?
I have invested in HYIPS , cloudmining, ponzis games, and all of them turn to be scams
when i asked about mining, most of the member here told me it is not worth it anymore
so what the best way to invest or earning BTC right now?
You'll see HODL written a lot on here, It simply means buy and hold. It's the best advice for the majority of us that don't know that much. Later on if you learn enough you can try earning, but make sure you know what you're doing first. Literally speaking, you can never earn BTC with hodling your bitcoin. You can earn some USD when bitcoin price goes up, but your 10 btc will forever be the same 10 btc in your wallet lol.  |
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Register on a dice site like Primedice, take the free satoshi from the included faucet and bet those coins.
Still that doesnt really give you anything, that doesn't help. I have reached 64000 satoshi in 5 minutes. If he doesn't want to gamble the free satoshi he can also hold 2000 sat every minute from the faucet. Hold? I don't think you can claim the faucet on PD when you have a positive account balance. Also, isn't the faucet starts at 500 sat a minute for level 1? |
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Hello so i am new to this completely i am doing the bitvisitor crap for probably 4 hours now lol just to see if my wallet works.. i am using electrum wallet and dont really know what to set the transaction fee to? it is currently set to .0002 btc w.e that means.. was wondering what the best site to buy bitcoins is. Where i can buy like 60$ worth but no clue if it would even go into my wallet was wondering if anyone could donate a dollars worth to see if it shows up?
You may set the tx fee to 0.0001 btc / KB, which is the standard fee for bitcoin tx. You can use exchanges like bitstamp and btc-e, or platforms like localbitcoins and currency exchange subforum to buy your bitcoin. |
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Milli Bits: mBTC = milli bitcoin = 1 thousandth of a bitcoin = 0.001BTC
Huh? Milli stands for one thousandth. You are right that 1 mBTC = 0.001 btc, but 1 "milli bit" (if such unit exists) should be 0.001 "bit" which doesn't make sense as the smallest bitcoin unit is satoshi (0.01 bit). |
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BFL scam happened probably because from start there were good intentions. It happened because they failed in many ways. My bet, but i could be wrong ofcourse.
They may have faced some technical difficulty which affected the shipment schedule slightly, but I don't think it is possible to have a year long delay with good intentions. And even worse, they didn't stop taking pre-orders. |
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of course it's not worth of your time, and electricity you pay..
Exactly. If you can find a job paying you $5 an hour, you shouldn't waste your time on faucet unless you can get 0.01 btc an hour. If you can find a job paying you just $1 a day, you shouldn't waste your time on faucet unless you can get 0.002 btc a day. |
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Primedice seems like the best "game" to play
this is not game, that is betting, i don't think he was searching betting game Hes searching for something that does not exist. Sadly any game that pay's money will be faucet rate or lower. While I agree that no one should waste his time on faucets, there are some very bad faucets and some not-so-bad faucets. For example, you can get 500 satoshi every minute with PD faucet. While you can make withdrawal >=50000 satoshi only and need to pay 10000 satoshi for tx fee, you can repeatedly bet the 500 satoshi on 100x games. I don't think there is any faucet out there giving you 500 satoshi a minute.  |
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I honestly hope "bits" is not taken up by all wallets. I like bitcoin much more then the bits. Bits make it look like a massive amount on many things.
we need bits because we need to make the base unit cheaper for newcomers. And we can't keep using bitcoin because that will confuse the current bitcoin adopters If we want to use a cheaper base unit, why don't we use satoshi then? Isn't it more meaningful and popular than bits? |
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Thanks Danny and BurtW (and casascius, DeathAndTaxes, etc that posted in BurtW's linked thread). I understand the fork issue more better now. |
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We just broke the $480 wall and going down, are you sure we will see 10000 sooner or later?
Eventually, but it is not sure ... It might go down until 300$. There is a nice support at around $420-$430, and I will be surprised to see it going down to $300 this year unless another flash crash happens. |
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The 10,000$ value will be reached in 2016 thanks to the reward halving.
The block halving is a well known feature of bitcoins, I don't think it will have a big impact with the value. +1. Also, by the time of next block halving, we will already have a total of 15,750,000 btc generated. The drop of block reward from 25 to 12.5 btc may not have a big effect on the supply side. |
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Isn't it the reverse case for paypal? If OP is the one paying with Paypal, he will need to find someone trusting him for not making chargeback. |
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So for a newbie to look into buying a miner and start mining would not be a viable idea?
If you just heard from somewhere else that you can get rich from mining, it is definitely a bad idea. If you have done enough research and understand how difficulty changes, how much you can get from the miner and how much you need to pay for electricity, you should be able to answer the question yourself. |
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Bitcoin operates on the consensus of the users, not the majority of the miners. Every user running a full node (such as Bitcoin Core) enforces the protocol rules on the entire system. If a forking change were made to the protocol, those users (and miners) that chose to use the new code would essentially be creating an altcoin (which they might want to try and call "bitcoin", but which wouldn't actually be "bitcoin" unless ALL users and miners switched to software running the new protocol). If even one user and one miner continue to run the old protocol, then the original bitcoin rules would still exist on the original bitcoin network.
Not sure if I understand this. Doesn't the longest chain wins? Say if there are only a small number of users and miners remaining in the unforked version, shouldn't miners in the forked version generate a winning chain of larger total difficulty? |
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Buying btc and holding btc is the same as buying gold and hoping for the prices to rise.
There is absolutly no evidence whatsoever than the price of gold (or btc) will increase in the future.
If you expect the inflation will stay high, it is reasonable to expect gold price to increase. 1) Do not spend more money in btc than you can afford to lose.
2) Do not hope to be rich doing nothing with btc.
1) Very true. 2) Very much agree, unless you bought bitcoin a few years ago. |
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TammyChan  |
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