Bitcoin Forum
May 14, 2024, 10:16:49 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 »
201  Bitcoin / Legal / Re: Legalities of Bitcoin on: September 24, 2018, 10:04:43 AM
I would like to add that bitcoin is also undesirable in Russia. There is no official law on regulation, but if the Bank suspects you of buying / selling cryptocurrencies, it can block your account.

That's right. Just added it.
202  Other / Meta / Re: Banned aid should have its own board on: September 24, 2018, 09:50:00 AM
And if there is to be such a sub board, may I suggest that only moderators are allowed to reply to complaints. No point having members spam on such threads.
203  Bitcoin / Legal / Legalities of Bitcoin on: September 24, 2018, 09:04:45 AM
Governments from most nations have had their say on the legality of bitcoin (cryptocurrencies) in their states.
Bitcoin users should be aware of the status of bitcoin in their countries, and also up to date with any changes made.

The status of bitcoin is not always a straightforward option of it being legal or illegal. Countries have different levels of regulation on the circulation and use of bitcoin in their nation;

- Legal and unregulated : This countries has declared bitcoin legal in its states, with no form of regulation;
France
Chile
Brazil
Denmark
Hong Kong
Malaysia
Poland
Switzerland
Italy
Denmark
Turkey
Japan
Ireland
Venezuela
Hungary
Malaysia
Mexico
Ukraine
.
Most of this countries advise its citizens on the risk involved in trading, selling and circulation of bitcoin, and advises against it without putting any restrictions.
In Switzerland, bitcoin is wholly accepted and its growth is encouraged by the government.
Portugal has made no announcements and has not acknowledged or restricted bitcoin. It is this far being circulated.
In South Africa, bitcoin is accepted but can not be used as a form of payment.
In Russia, bitcoin was declared 'legal' in 2016, but there is a level of restrictions, and it cannot be used as a form of payment. And bitcoin accounts can be blocked if discovered.

- Legal and subject to taxation: Bitcoin is legal in these countries but different forms of VAT are paid to the government for purchases made.
Isreal
Austria
Germany
Finland
Norway.


- Legal and regulated (also subject to taxation) : This countries have set up bodies to regulate the use of bitcoin in their states, and any establishment utilizing bitcoin has to register under the sector.
United States of America
Canada.

In USA the regulatory body is the https://www.fincen.gov
Thailand
Vietnam
(in Vietnam it is legal to trade or hold bitcoin, but illegal to use it as a payment tool
In Philippines, cryptocurrency is also legal but regulated. This is an official publication on the status of VC, virtual currency http://www.bsp.gov.ph/publications/media.asp?id=4575

- Illegal and banned: The sales, purchase and circulation of bitcoin is explicitly banned in this states. And it is a crime to be involved in bitcoin, merchants, traders or investors.
This countries include;
China
Egyot
Morocco
Iran
Taiwan
Nepal
Indonesia
Pakistan
Columbia
Bolivia
Algeria
India
(India is trying to curb the circulation of bitcoin, but are interested in the blockchain technology and it's other applications)
Saudi Arabia
Bangladesh
.

Any information not available here can be found in https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory.

The status of bitcoin in these countries is constantly changing so always stay updated on your governments' stance on bitcoin.
204  Other / Beginners & Help / Re: a surefire way to reduce shit posts on: September 24, 2018, 07:52:14 AM
Ironically enough, the OP bought copper membership to wear signature.
And is campaigning for it to be cancelled.



2. Delete the Marketplace (Altcoins) section (including all subboards).


Stricter moderation can help with the spam in that section.
205  Other / Meta / Re: Discover new title(rank) introduced by Jet Cash- "spambies" on: September 23, 2018, 01:13:15 PM
This forum is the best cryptocurrency forum I know of.
And we have to do our bit to reduce the spam and contribute quality, to improve the level of knowledge especially with newbies as we know little of the forum.
But going through all there is is complaint about the merit system, and complaints about those complaints.

Hopefully everything calms down soon, and we can have a healthy environment to learn and interact.
206  Other / Beginners & Help / Re: I am not fan of KYC on: September 23, 2018, 05:11:58 AM

it shouldn't ever be necessary to submit KYC for airdrops or bounty stakes because the amounts are way too low qualify for reporting under money transmission laws.

some ICOs do it because they are misinformed about the law. some do it because they think it will make them appear legit. some do it because they want a way to avoid paying some of their bounty hunters after the fact. some do it because they are going to sell your documents on the darknet.

none of these reasons are legit. don't do KYC for airdrops or bounties!

I believe a few countries have restricted the circulation of cryptocurrencies in their country. I mostly see, USA and China.
As per SEC regulations this ICOs are requested to prove that their investors or contributors are not from countries where digital currency is illegal.


It is quite a gamble. And most times, the risk is not worth it.
207  Other / Meta / Post icons on: September 22, 2018, 10:23:54 PM
I need guidance.
Is there any thread which contains a tutorial on how to use the icons available when writing a post?
Or can anyone give me some useful tips?
208  Economy / Trading Discussion / Basics of Technical Analysis on: September 22, 2018, 10:13:20 PM
Trading is a very demanding and tasking activity. Whether you are trading Digital currencies, national currencies, shares, bonds, stocks. It requires knowledge of that market, and available data and how to utilize information to make correct speculations on future price.

What is technical analysis?

Technical analysis is trading technique which relies on market actions to predict future market movements.
It relies on combination of factors like, charts, market value, market history, trading volume, and trends.

Basically, technical analysis means using the past to predict the future.

Foundamental analysis is also a trading strategy which relies on project foundamentals, developmental stage, upcoming news and updates, and major annoncements and how this factors impact the market, and attempts to predict the reaction.

When using technical analysis to attempt to speculate on the market, there are key points to consider;

- Charts and Trends: Charts show the market movements. You can set it to your desired time frame, 24 hours, a week etc. You'd need to do more research on this to learn how to properly read charts and use it to predict the market.

Trends shows the market reaction at key points in time. For example, the cryptocurrency market is believed to drop when most traders go for summer vacations during August and the rise when they return around late September. With this you can speculate on how the market would react at specific points in time and to specific events.

- Support and Ressistance : Support in a chart is that point during a dip, where the value doesn't drop lower but rather holds and possibly bounces back. It's mostly caused by my traders who buy at the dip and supports the value.
The ressistance on the other hand is that point in a rise where the value doesn't go higher buy rather holds or drops. It's at this point most of the traders who bought lower down sell of to the late followers and dumps on them. The heavy supply could cause a sharp drop.
With knowledge of this you can predict the price movements at specific points in the chart.


- Moving Average : This is also a very important factor to consider. Moving average is similar to a chart, but it shows the average of the market ride or drop over a longer time, a week or a month. It is the average of the daily closing value over a specific time. I t gives a broader view of the market
They are of two types,
1. Simple Moving Average
2. Exponential Moving Average.

- Trading volume: Trading volume is the amount in circulation in the market. The trading volume gives you an idea of the level of rise the market can support or drops it can withstand.
A large trading volume indicates a stable market which can resist manipulations. A low trading volume is a market which is largely unstable and very subsceptible to market forces and manipulations.

Technical analysis is a very broad subject, and it is invaluable to a trader in his/her quest to be successful.
Dow theory provides a lot of useful knowledge and information in trading https://en.m.wikipedia.org/wiki/Dow_theory

Good luck
209  Other / Beginners & Help / Re: What is PoC ? on: September 22, 2018, 08:18:29 AM
PoC stands for Proof of Capacity.
You can find more information about it here: https://www.investopedia.com/terms/p/proof-capacity-cryptocurrency.asp
The internet contains loads of information, try using it.

at the current moment when all of the BTC and Alt are green and they say 99% are just PoC?



I don't see any relationship between the current market and the PoC algorithm.
Bitcoin uses PoW, which is Proof of Work. And other blockchains uses different algorithms too.
If you don't mind, you can direct us to where you got your info.
210  Other / Beginners & Help / Re: What a newbie can do to popularize bitcoin? on: September 22, 2018, 06:45:20 AM
1) Through observation I have noticed that newbies make up the largest number of the population on this platform (I might be wrong). So also majority of the posts come from them. With more quality interactions from newbies, the standard of the forum would greatly increase and as this is the number one cryptocurrency community and top destination for crypto enthusiasts. It would influence the influxion positively and attract more users. And also encourage them to stay.

Also newbies can contribute more in detecting scam and unethical activities on the forum, as they are in most of the boards and threads. Making the forum safer.


2) What attracted me to the forum was bounties. I was introduced to it by someone. And started off with other campaigns like, social media. It didn't take me long to discover this platform. I can say that is my mission on this forum.

And also acquiring more knowledge, as there is a wealth of information here that would help me to be a better hunter and also a better crypto player.
And I can also give back the little I know and help where I can.
My mission can also said to be earning, learning and helping (trying to)
211  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not live in today on: September 22, 2018, 06:25:27 AM
Some noobs are always after what they would get immediately and not prepare for a better future.

Well, noobs are expected to make noobish decisions. Trading is a very difficult skill to learn and practise effectively.
Theain problem is most rush into cryptocurrency on the promise of quick, huge profits, without considering the risks and the properly educating themselves. And they end up lossing.

Trading is a way of taking from money from the impatient and giving it to the patient.
212  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: What's with XRP? on: September 21, 2018, 06:52:10 PM
Few days ago was the time to buy, during the dip.
A business man once said, "once you've seen a bandwagon, it's already to late" (to join).
The price is falling, and people would be scrambling to get out and shift to BTC.

XRP has gained a lot in last few days, what's going on with it? Can it go further up or can it match BTC in 24h volume?

The price of currencies change rapidly. And when trading you need to act quickly to make profits from market movements.
Make your analysis using available tools.
213  Bitcoin / Bitcoin Discussion / Re: Satoshis or lots of alts on: September 21, 2018, 10:41:36 AM
Most ICOs are scams and most altcoins don't have a working product or a feasible route to getting one.

That's true "most" are. But there's a possibility of stumbling on one. Or rather researching effectively and making a good guess.



Have you noticed that altcoins have suffered worst than bitcoin? Ethereum alone has dropped 85% from its all-time-high and the price continues to plummet. Shitcoins has nothing to offer because they don't have real usage and no fundamentals to back them up. They are purely for dump-and-dump scheme and you will be trap along the way. ICO's? Nah, mostly are scams, I would rather stick to bitcoin market now, price seems to be stable and few spikes to get some profit if you are flexible and knows how to day trade. If you lack experienced day trading, then just purchase them and hold for long term. Don't make things complicated for you.

Good strategy, it's less stressful, and you just need basic knowledge and don't have to be an expert. I think altcoins high on the ranking on CMC are also good. Like ETH, XRP, etc.
Most ICOs also accept them in exchange for their currencies.


For me it's only for price growth in terms of %...
I prefer low marketcap coins because as I just wrote in another thread I regret I did not get bought coins like litecoin,vertcoin or viacoin when they were very very low in 2015...

For those three coins there are a hundred you would have regretted buying.
ICOs is a gamble.
As you said, research is key.
214  Bitcoin / Bitcoin Discussion / Satoshis or lots of alts on: September 21, 2018, 09:08:16 AM
So often these days we see people complaining about the price of bitcoin and how they missed the train. And they choose to go for alts and speculations with lower value and lower market cap.

Which matters most, Quality or Quantity?

You can invest in bitcoin with very little money, and you'd be getting a quantity of satoshis. That same amount could give you loads of cheaper coins.
Bitcoin is unlikely to suddenly jump and go 2 or 3X but it's a stable currency and a valid investments for the long-term.
The lower alts and speculations are cheaper and with their low market cap they can easily jump in price. But they are less stable and prone to sharp drops. Unsuitable for long term investments.

I think a few satoshis is a better buy when you have limited capital. Or you could go for cheaper coins high on the rankings on CMC. This gives you stability.
You can also risk a small percent of your capital in speculations and ICOs. And try making profits from trading.
Be flexible on cryptocurrency and always note that your priority is protecting your investments and then maximizing profits.
215  Other / Beginners & Help / Knowledge and Technology on: September 21, 2018, 06:12:03 AM
Prior to the 20th century, the world was mainly focused on natural resources. Humans were still getting aquainted with their environment and what it contained. Natural resources were also the building blocks in construction and it supported economies of nations and was the main source of revenue.

With the advent of internet ( brief history, https://en.m.wikipedia.org/wiki/History_of_the_Internet ) we had a shift in focus, and the world now is geared towards knowledge and technology, or rather the successful parts of the world is.

Knowledge and technology teaches us how to better utilize our natural resource, cars for petrol and use of steel for state-of-the-art constructions.

Digital currency couldn't have come at a better time.
The internet made communication convinient and made the world a global village.
Digital currency attempts to connect that globe on a much larger scale, using a resource everyone is connected with, Money.

Each new innovations come with risks, especially one related to finance, which mostly governs our lives. Those who sought-after knowledge and technology, (or as I like to say, knowledge of technology) took the first bold, tentative steps towards bitcoin and broke out of the limitations set by the government and banking sectors, and most reaped and are still reaping the rewards. This birthed more digital currencies, with varying degrees of success.
And ten years later we have this community of people who are knowledgeable about the blockchain and are interested in understanding the rudiments of finances. People who would have otherwise been limited to their paying jobs and social media.

This platform would launch the world into a new era of digital technology and revive our interest in knowledge of technology.
216  Alternate cryptocurrencies / Altcoin Discussion / The concept of Staking and Deflation on: September 20, 2018, 07:34:11 AM
Staking is an algorithm (POF, Proof of Stake) where holders of a currency are rewarded for keeping their assets in a wallet. It's usually within a specific time frame.

This is done to encourage investors and contributors to Hodl, and hence reduce the amount in circulation, and limited supply leads to increase in value of demand increases.
This model is not sustainable, it could keep the vale high for the short-term, but the extra amounts is increasing the assets of holders and when they choose to trade it could cause a massive shift in the market.
Some projects require you own a masternode to be able to stake.
This favours the whales as they get more assets. And their influence on the market increases. (This is a little posts I made about whales, https://bitcointalk.org/index.php?topic=5032867.msg45911800#msg45911800 )


Deflationary model us one where a project is built on a platform geared at reducing the supply of a currency infinitely.
In most cases the coin or token is used to fuel the platform, and pay for services. And are consequently burned to reduce circulating supply and drive the price up.
This model is more sustainable and favour investors of all scales, and encourages long-term Hodl. It can be run using DAG algorithm (Direct Acyclic Graph)


Staking can also be successful if the staking and mining rewards are fixed. Like bitcoin where the total supply is fixed. And it alap tuns on the pOW (proof of Work) algorithm
217  Other / Beginners & Help / Re: Demoted to Newbie on: September 20, 2018, 06:13:46 AM
Then there's no point in trying. No one gives out merits. They like to keep them as trophies or use them to get attention. Giving them more wont change that. And the idea of trying t make money in a forum about currency is perfectly natural.

There are members always looking to reward quality posts. And there are also merit sources who were increased to further increase your chance.
I agree that people can use the forum for what they want, as far as its within the rules and guidelines.
But the pressure of a post target can drive people to make below par posts, even though they are knowledgeable about crypto. We are all here to learn and help, as well as earn




I think you're going to see a sharp decline in people that even use this site.

That's the idea.
218  Other / Beginners & Help / Re: What are the main features of Blockchain technology? on: September 20, 2018, 05:02:49 AM
Decentralization is a main feature of the blockchain technology.
It comprises of factors (or links in the chain). Each is vital to the success of a transaction, but no one is in control, and the transaction can go on without the input of any link in the chain.

As a user you only have to trust the technology, the block ledger system. And do not need to depend on any of the individual parts that make up the whole.

This video further explains it https://youtu.be/SMEOKDVXlUo
219  Economy / Trading Discussion / Re: STOPLOSS? what are Advantages and disadvantages of stoploss? on: September 20, 2018, 04:32:20 AM
It's very possible that you analysis about the price was correct, but the value drops and then rises again, if your stop loss was within the drop zone, you are out of the trade, and it could rebound later.

Stop loss is very important when trading, but the hymns factor is more important, endeavour to monitor your trades and make adjustments when necessary.

The advantage of stop loss is as you said, it protects you from losses, or rather minimizes your losses.
220  Other / Beginners & Help / Re: Protect your private key to keep it safe on: September 20, 2018, 04:25:17 AM

As a private key owner, you must be careful of fake sites that want your private key, this case has often happened to some people

In fact under no circumstance should you disclose your private keys to any site or individual. When trading on centralized exchanges, your private keys are not required, you simply deposit and withdraw to your wallet.

Decentralized exchanges demands for your private keys, but you can always log in with metamask to be absolutely secure.
And also beware of pop-up ads requesting for private details.
Pages: « 1 2 3 4 5 6 7 8 9 10 [11] 12 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!