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4701  Bitcoin / Bitcoin Discussion / Re: It's still really hard to use bitcoin as a regular currency on: June 18, 2017, 02:43:38 AM
Yes, it is really hard when btc is just a virtual currency so when dealing with internet access it is really difficult to use btc for everyday services such as: Eating, traveling ... and when doing btc transactions regularly , the fee is not small.
Precisely, the bitcoin now is over populated because of the many users of it transaction delay has been increase so that the fee is getting up and I think that is the main problem of bitcoin, using it in small transaction is will be cause of lose of lot of money because of the fee so it's not necessary to use bitcoin in lot of small transactions.
That's the disadvantage of using blockchain system, this case also happen to other altcoins which use blockchain as well, and for example is ethereum, since the market cap of this coin has been increasing significantly a number of transactions also increase alongside with the fee, even if Vitalik himself says that bitcoin's fee is absurdly too high, the same will be happening to the ethereum, just see and wait, let the time decide.
4702  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Complete Garbage!!! on: June 18, 2017, 02:33:32 AM
Mere an opinion from one side, there's nothing to argue about the article but just ignore it instead, though criticism for bitcoin is absolutely fine and there's nothing to worry about from this article.
From the article itself, I might agree with some points written by the writer but not with the rest (for example, delusional dialogue)
4703  Alternate cryptocurrencies / Altcoin Discussion / Re: The king is already dead. on: June 15, 2017, 11:34:01 AM
The king is not yet dead his just resting wait some days and he will resurrect again no other altcoins can replace bitcoin even etherium  I don't even know about your IOTA lol..
That indirectly means that bitcoin will be standing up again when the scaling problem and any other have been resolved right? But, as I can see so far, there's no sign that it'll be sorted out very soon. I'm here talking about the fact, the fee itself always increases every day, I can't imagine how people with a transaction which only contain a small amount of bitcoin could stand with this condition but the obvious thing is that the problem now appears to be very critical. There's nothing we can do, just wait and see.
4704  Economy / Economics / Re: Is trading just educated guessing? on: June 15, 2017, 10:32:58 AM
Trading is not about educated guessing it requires skills, knowledge and analyzation. Need for analyzation when is the right time to sell your holding coins. If you dont have these loses will experience.

The point is, those which you mentioned(skills, knowledge, and analyzation) is what make it called educated guessing, without those, it'll be merely called a pure speculation. There's no absolute or certain answer to what will happening in the future as no one could predict ever since everything is uncertain that makes even the most reasonable coming outcome will still have the possibilities of wrong.
It's ain't fortune teller nor prophecy neither, just a mere guess created based on the statistic and reason behind it.
4705  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin really need an ATM? on: June 15, 2017, 08:18:38 AM
In my opinion do not need an ATM, the cost to buy a machine and ATM care is very expensive, who will pay it? Even if it exists only in some special places, it is unlikely that bitcoin ATMs exist in every village, so bitcoin ATMs should not be a top priority
The local bitcoin company will provide it (all the costs for the machine itself and the maintenance) and as an exchange, they'll take a pretty high fee for a transaction as already occurred to all people that they're complaining about how high the transactions fee were using ATMs.
Though, sometimes people are misunderstanding about the function of bitcoin ATM and Bitcoin vending machine, they can't even see the differences before getting explained.
4706  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Price Drop, is no-one worried? on: June 15, 2017, 01:04:19 AM
If you've experienced into such dump and have analysed the whole statistics from the start of bitcoin until now, you'll realise that there's nothing to be worried about. As from my experience that I even getting tricked by this kind of dump as well in the past, after this sort of price drop, there'll be always price recover and bitcoin will reach its new peak. When the price just gets dumped, people will think that it's the right time to buy, thus, the demand is increasing as well as the price, people are still hoping to always have profit and learning from their past.
4707  Bitcoin / Bitcoin Discussion / Re: 10 main mistakes of Bitcoin newbies on: June 15, 2017, 12:57:02 AM
Maybe the first mistake is wrong word for newbie, Many newbie bitcoin finally get scammed by bitcoin based scam / hyip / ponzi / doubler.
I can relate to this, newbie often scammed by this kind of shitty money game because they're getting blinded with what those have offered. Even many of people I know had already been scammed by those things. Especially by the Ponzi which entitling as cloud miner, and even there's also some faucet that turning out to be a scam, that's just awkward.
4708  Economy / Economics / Re: The Real Reason to Hold Gold And Bitcoin on: June 14, 2017, 09:39:25 AM
I think the real reason to hold is the future, there are many countries with economic and social problems, bitcoin does represents how the transactions will be made in the near future, it is really amazing too see how somebody developed such mechanism, genius I would say, that is the perfect word.

Also important to say, the limited BTC supply means that now is the moment to grab some.
Rightly explained. Gold and Bitcoin will never lose its value. There may be ups and down but it cannot go to zero like any flat currency.

We have seen many currencies which existed but were withdrawn and has no value now. Another scenario: country A invades country B (it really happened when Iraq invaded Kuwait during Saddam) and declares B's currency illegal. But it will be hard to control gold or bitcoin as it will be accepted everywhere else even if it is dissolved in any country.
Sounds right indeed, but, there's a time for both gold and bitcoin to lose its value. Just for example, if this world happens to have some sort of food crisis, people will really prefer the food instead of gold, therefore gold loses its value. Same goes to bitcoin, if there's no demand anymore because another advanced technology have been developed to fight against bitcoin and the bitcoin itself become obsolete, people will lose their interests. Rest assured that everything always has its end and that's all matter of the time. Though, just in my opinion that within few years, those things you mentioned aren't going to lose its value.
4709  Economy / Speculation / Re: Will we ever see bitcoin lower than 1000$? on: June 14, 2017, 07:08:06 AM
From my perspective, it will not go down below 1000 dollars, but in the monetary system anything can be happened. During recession many European countries economy had been collapsed, so if it occurred again then everything will go down. Nothing can be predictable...


As of now, I think NO also. Bitcoin is already treading to $3,000 dollar and getting back to $1000 is a major crash happening if ever. Though possibility is always there but for now, NO.
I believe it's possible to fall that low value but I am not thinking of it anymore, It's enough for me to know the possibilities but I am more optimistic of the price increase because I believe if we are positive the vibes will get in and it will happen. Now, going back to being realistic, the current market of bitcoin is not telling that the price will dump in any given time, that is of course the exemption if there is a big bad news that will occur.
Due to halving and the acceptance of some countries by officially recognise bitcoin as a legal tender? There's no way bitcoin could drop that low unless something unexpected which is pretty bad happens to bitcoin.
Bitcoin's halving always occurs periodically and demands always increase by the time, it means that Bitcoin has a really high chance to have higher value more than the current price.
4710  Economy / Economics / Re: New rich people thanks to BTC on: June 14, 2017, 05:59:44 AM
Just recently I've stumbled upon an address that has about 3200BTC on it and that's about $8.4mil with the current price and who knows how many people have big amounts of bitcoin on their wallets from when bitcoin was just a few cents worth. Still crying over the fact that I didn't buy any bitcoin at that time.
There are many people back then who bought bitcoin but just lost its access towards the addresses, that address which contains 3200BTC as you mentioned above probably one of many "rich" addresses that are floating around without owners.
By the way, there's no point to cry over something which have happened in the past, the fact that back then you don't know bitcoin is not your fault at all, better to keep heading the future and achieve something good.
4711  Economy / Trading Discussion / Re: btc crash now = TOP buying opportunity ? on: June 13, 2017, 04:25:45 AM
Damn, Bitcoin has been skyrocketing these few months, buy now!! Expected it to go past $3000 though. Bet its gonna jump back right up, so definitely buying opportunity now!

This chart tells you everything. Smiley

The recent crash really reminds me of what happened a few weeks back. Damn, If I just didn't sell my Bitcoin at that time, I must've been on 25%++ money right now. Such a pain in the ass.
It's now, at the time I'm writing this, have been on the way jumping back to the higher peak, be prepared guys, or you'll miss the train.
4712  Bitcoin / Bitcoin Discussion / Re: are transaction delays crashing Bitcoin prices? on: June 13, 2017, 03:54:03 AM
When the price just significantly increasing, the amount of transaction also increases, thus, the blockchain is overloaded and people will set their transaction fee at its peak expecting to be confirmed within few minutes and few next blocks. Therefore, the recommendation fee will also increase, it's a normal thing to happen, but, if you're thinking that it's the factor which makes the bitcoin prices crashing, you're wrong. I think that this delay will be lowering the amount of supply and make the price even go higher. just my 2 cents though.
4713  Economy / Economics / Re: The Real Reason to Hold Gold And Bitcoin on: June 13, 2017, 01:01:10 AM
Gold and Bitcoin makes a great combination. Gold is one of the least risky investments, and although the returns can be low, there is a good chance that you will never get a negative ROI. On the other hand, Bitcoin is an extremely risky investment, and no one can predict the future exchange rates. An ideal investment option would be 75% gold, and 25% BTC.
In the aggregate gold does not lose money and does not earn money, gold is a way to store the value of your money, and in the long run gold is very good at that but like any other thing sometimes gold can become overvalued or undervalue, we have seen this process in the history of mankind, there were places long time ago where gold and silver were exchanges at the same rate.
The price volatility of gold is rather low so it's kinda normal. as you say, gold is an effective way to save up your money in form of thing which will always hold it value over time and definitely better than saving up in form of fiat which the government themselves always print the money and make the value decreasing.
Though even if the gold have ever undervalued as you say, it's now already proven to keep its value high until now from centuries ago, it'll be alright and safe.
4714  Economy / Economics / Re: New rich people thanks to BTC on: June 12, 2017, 06:12:44 AM
Definitely they realized that they are now belong to the million dollar club.  But as a bitcoin enthusiast the only millionaire in their eyes, probably, is have million BTC.  Cheesy.  In fact being involved in BTC activities every day makes me forget that my national currency is not Bitcoin but rather Peso, I believe this happen to many of us especially those who have thousands of BTC in their stash.
Probably the only member  of the club of bitcoin millionaires, those that hold 1 million bitcoins, is satoshi himself, unless we have the next JP Morgan or Rockefeller in our ranks I doubt anyone is going to reach that amount, also I don’t think it is good for bitcoin for someone to be that powerful and have access to that many coins since that person could move the price of bitcoin as he pleases.
Satoshi's BTC never moved out of his wallet and some rumours even said that Satoshi himself is a dead man. regardless of BTC which Satoshi owns, if someone could have at least 1 Million BTC, he's already dominating the market, and of course, it needs a really huge amount of money to acquire that much of BTC. The only thing that I'm pretty sure of it, once a man who holds 1 Million BTC sell all of his at the same time, Bitcoin is simply doomed.
4715  Bitcoin / Bitcoin Discussion / Re: Are you using low fees? on: June 12, 2017, 05:49:11 AM
Most of the times I use to convert bitcoin to some altcoin like doge or ltc or eth
Really? . What do you think if you need your transaction quickly ? Because swap your bitcoin to altcoin is time consuming and you never know the price may crashed suddenly when you try to convert to altcoin also how long your transaction to get confirmed.

Send directly in your wallet and adjust your fee to get quicker confirmation.
If his BTC is all inside the exchangers. I think everything is fine. Though you have pretty silly question  Grin, If he needs his BTC quickly, he simply sends it directly without swapping them because it's basically just an option for him to avoid the overwhelming fee in bitcoin blockchain. Within the time intervals needed for a coin to be swapped and be sent to the targetted wallet, there might be a fluctuation happen, but mostly just a small margin, if he's fine with it, it's ok, though.
4716  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][SNC] SunContract - Decentralized Energy Market on: June 12, 2017, 05:41:47 AM
please check http://suncontract.cn a Chinese website.
Is that official? Why don't have one website and adds it a feature to switch the language instead? Just curious because as you know, the website will be used to gather funds, if there's a clone or any else that's having the purpose to confuse the investors and traps them. Might be a bad idea for the project.
Better to stick with one website, just my opinion though.
4717  Bitcoin / Bitcoin Discussion / Re: We need to rethink the way we look at 1 BTC value... on: June 12, 2017, 12:46:25 AM
Well, I honestly often see that people in few various forums use mBTC as their way calling 100k sats. People back then too when bitcoin first released just calling bitcoin by mere BTC because they were owning hundreds or thousand of BTC and it seems like a dust for them. But see now, the price increase significantly, a BTC worth thousand dollar, so it's normal that there's a change of behaviour on how people call BTC.
4718  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still faster than Paypal. on: June 12, 2017, 12:40:06 AM
I paid a 6$ fee for a transaction today with bitcoin and I still think is much better than paypal. Paypal is just another form of a bank, where you don't have control over your own money. with bitcoin it's yours.
bitcoin consequence today is the higher shipping costs due to frequent delays in delivery when using a small fee. But if compared to paypal then I still choose bitcoin as a multifunctional payment tool.
That's actually because of scaling problem, and every digital currency which uses blockchain will face it eventually when there are too many people making a transaction at the same time, the miners only decide to include transactions which have rather "top" fees and leave the rest. Thus, the average recommendation fee will be increasing significantly. Especially now, when people have no patience of waiting and just throwing their money into the miner's fee. Good for the miner but not for the ordinary user.
4719  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Choose altcoin for trading on: June 11, 2017, 08:44:52 AM
Another wise lesson: dont invest in a coin with NO BUY ORDERS. You buying the 5BTC sell order at 1 SAT will only make the guys selling happy getting rid of it and you will join the selling at 1 sat-club there and not getting rid of it untill another newbie comes along and thinks its a great first buy.
Well that mistake often happened to many newbies who just jumping into this altcoin trading without knowing what's actually going on and buying dust coin which have no value at all and hoping for miracle to come expecting that if the price gets pumped soon, he'll get an easy profit but the fact is the opposite, the coin will be soon delisted from many exchanges.
Coin with no buy-order seem can't hold on that long on the exchange that it'll soon delist immediately, just better to learn things first especially for newbies.
4720  Economy / Trading Discussion / Re: Loss almost 40%, should stop trading or not ? on: June 11, 2017, 08:34:40 AM
Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?

before you enter of trading first of all you have a long patience strategy and knowledge to trade..dont stop study first because  more invest in trading big income you earn....
I think op's mistake is pretty common for new traders. Once you bought an alt coin, it eould be advisable to just let it be for a while and don't focus on the movement especially if it's just minutes or hours past the time of entry. Beginners would be anxious in seeing the drops in price and they would find a very strong urge to sell, where in fact, it's part of the fluctuations of alt coins.
The issue is that most don’t enter with the mentality of holding for a period of time, they expect that as soon as they buy the coin will skyrocket and make instant wins, but since they don’t have the knowledge to choose a coin in the right moment, and they see the coin is going lower they begin to doubt their judgment they did an by doing that, they are sabotaging themselves.
Same goes when another coin is starting to skyrocket, a beginner often falls for this that even do some sort of cut lose to move their money to this coin but unfortunately, the train is gone, and the result is lost.
Though, when price is skyrocketing even a little bit, some people will feel that if they don't sell their coins right now, they'll lose, it's like, they're having a hard time to make a decision.
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