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781
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Economy / Goods / Re: BitcoinART t-shirt
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on: October 26, 2017, 04:57:35 PM
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This is a really cool shirt, but I have some improvements that you might be able to take into consideration! I've noticed that the fashion trend as of now is pretty simplistic. People don't really like to buy things that make them stick out. Maybe if you could make a small rectangle around the bitcoin logo and keep everything in that rectangle the same style (the mixed paint) as the rest of the shirt is and then make the rest of the shirt plain white, you might be able to get a few more people interested. If there are changes in the shirt, let me know, I might be interested! |
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782
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Economy / Speculation / Re: Even Wall Street’s “dean of valuations” can’t value bitcoin
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on: October 26, 2017, 04:53:03 PM
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https://qz.com/1111751/bitcoin-btc-price-dean-of-valuation-says-it-cant-be-valued/The New York University professor known as the “dean of valuations” for his expertise in assigning a value to various assets is stymied by bitcoin. “It cannot be valued,” wrote Aswath Damodaran on his blog yesterday.
Here’s how Damodaran gets to that conclusion. First, he says, prospective bitcoin buyers must decide whether it is one of the following:
Asset: Something that generates cash flows, such as bonds, stocks, or options. Cash flows can be used to derive a fundamental value for that asset.
Commodity: Something that is used as a raw material, such as oil, coal, or gold. Its utility as a raw material is used to derive a value.
Currency: A medium of exchange that does not generate cash flows. As a result, it can’t be valued.
Collectible: Something with aesthetic value but no cash flows, and no function as a medium of exchange. Examples are baseball cards, or a painting. As a result, it can’t be valued.
Damodaran says bitcoin isn’t an asset, because it doesn’t generate cash flows; nor is it a commodity, because it’s not a raw material. So it’s either a currency or a collectible, and he comes down on the side of the former, because it fulfils the three characteristics of money.
Although currencies and collectibles can’t be valued, they can be priced, Damodaran says. Whereas valuing something depends on analysis of cash flows, growth prospects, and risk, pricing something depends on market psychology, news, and instinct.
Bitcoin’s long-term price will depend on whether it turns out to be one of three things, Damodaran argues: It could become a widely used, global, currency; a kind of digital gold favored by millennials; or a modern-day tulip bulb craze. It's amazing how bitcoin has busted past so many people's evaluations of the coin. Time and Time again, it proves the naysayers wrong, and I think the strong volatility of it (which has been a good thing for Bitcoin so far) is really what messes people up. It's just so multi-faceted and no one has really seen anything similar to it. I like how Damodaran really breaks down the uniqueness of bitcoin and why people haven't really seen anything like it so far. Honestly, I feel as if Bitcoin will start being accepted more in the near future. |
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783
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Economy / Invites & Accounts / Re: [WTB] Bulk Email Accounts
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on: October 26, 2017, 04:35:58 PM
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Hello I need email accounts in bulk. Anything like yandex, reddiffmail, gmx. PM me
This is in the wrong section. Move this thread to the digital goods section (and potentially into the invites/accounts section) to get more views and replies. There are many people that sell what you need there. |
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784
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Economy / Goods / Re: My garage full of stuff for your cryptocurrency (So Cal)
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on: October 26, 2017, 04:34:35 PM
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i'm located in southern california and could arrange to be the escrow if someone would like to purchase these items. i will go meet aaron and ship out the items for you at a cost.
you do have some interesting things, so i'd be more than happy to facilitate a sale for you.
just let me know if someone is interested in your equipment and we can work something out
Weird. Why would anyone consider you as a trustworthy escrow? It's not like you have a well-aged account here with tons of feedback showing successful transactions. Even if, say, you were the OP's neighbor how would you guarantee that you would ship, let alone pay the bitcoins to the OP. The escrow process involves the buyer sending you bitcoins upfront. This requires an enormous level of trust. A trust hinging on a genuine intent to pay those bitcoins to the seller (OP) and to ship the purchased items to the buyer. This is just silly but I guess you are just a born cynic, nothing I can do anything about that. I was just trying to be helpful to facilitate this guys offer. I wouldnt waste my time for shipping and holding escrow for 10-100 dollars worth of purchases to scam someone. Just look up the socioeconomic status of California residents. We are not located in eastern europe or some part of the country that would scam for 5 bucks. Just trying to be nice, if you dont want me to be of help/service I honestly dont give two shits and dont want the hassle. But just ponder things before you spew nonsense like scamming for an in person meet up, shits just asinine. I don't think he was necessarily trying to be rude. I think he's just bringing out a point about the desire of a lot of buyers to have an escrow that has been on this forum for a while and has an account worth enough such that it wouldn't make sense for him/her to dump the account to scam. He's not saying that you will scam; he's just saying that the buyer and seller both need to consider every single outcome of the situation. I'm positive he didn't mean to come off as rude. @OP I might be interested in a few things. I'll take a look back at this thread in a week and see if I'm still interested. There is some really cool stuff here! |
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785
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Economy / Economics / Re: Whats the ranking of bitcoin in terms of currency
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on: October 26, 2017, 04:20:38 PM
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Is it like #1 since it costs like ~$4000 for 1
I wouldn't put it like that. I would actually, instead, take a look at the market caps of both of the currencies that you are comparing. A lot of people who look at bitcoin as an investment also compare it to the Apple stock, which has the highest market cap. However, even though bitcoin is not just an investment but also a currency, I have not seen it compared to numerous fiat currencies because it's just not as versatile as they are right now. Once bitcoin has more support in the markets, then potentially it can be compared to the USD. |
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786
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Economy / Speculation / Re: About Bitcoin Gold
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on: October 26, 2017, 04:14:47 PM
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i find this post in Meta Section please read it Before waste your money Anyone can create a Bitcoin-derived altcoin like "Bitcoin Gold" (BTG) at any time with no cost. BTG is a scammy cash-grab with no ideology and no economic support, not something serious like Bcash was. That's not to say that it's impossible to make money by trading it, just like with other scamcoins, but I'm not going to get into the habit of writing announcements and guidance for every Bitcoin-derived scamcoin. If you want to do a dangerous replay-unprotected coin-split maneuver in order to claim tiny fractions of your BTC in airdrop value, that's on you.
I will write a guide later for B2X (split time in mid-November), which is more serious. After that, the bar is going to be awfully high to get me to announce similar things.
I'm believing it, the fact that bitcoin gold doesn't have any backers or support. I think that about those miners are not interested to mine bitcoin gold shit. There are something wrong about that. Bitcoin gold doesn't have anything rather than the future will worth zero value. The gold developer just another scammer that as used the bitcoinhype to give their own advantages from there. so why no one talk about this Before 25/10 till theymos take after fork start If you were browsing these forums (especially the speculation section), there was a lot of discussion about Bitcoin Gold. Many of the members of bitcointalk accurately predicted the fact that bitcoin was reaching a bubble due to the people buying just for the "free money." In fact, people even discussed the drop and recovery. For the most part they were very accurate. I'm not sure if you weren't aware that the discussion was here somewhere on the speculation forums, but there definitely have been a couple of threads about it. |
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787
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to claim bitcoin gold?
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on: October 26, 2017, 06:30:32 AM
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Hello i would like to ask anyone here if how to claim bitcoin gold?
Since october 25 will end i would like to claim bitcoin gold for future purposes..
And can you recommend which wallet is good for bitcoin gold?
If your wallet supports Bitcoin gold, you will probably get access to BTG somehow through your own wallet service. Otherwise, If you're keeping your BTC in some kind of online exchange (exactly like yobit), then chances are that your balance on the account was updated to add in the cost of btg. |
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788
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC compared to BTG.
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on: October 26, 2017, 06:24:58 AM
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Hellow guys share your idea about this new altcoin now in market cap.
Should I hold this like what I did in BTC?
For the most part, especially with right after the fork, it seems like BTG will be dumped by a majority of holders. It all boils down to which one you have more faith in. If you believe that bitcoin will rise and that it has a higher potential to than Bitcoin Gold, then it makes a lot more sense to sell your BTG and purchase more BTC. If you believe instead that bitcoin gold has a true ability to be worth more in the future, then keep the bitcoin gold. As of now, I can tell you that a majority of people have dropped their BTG. Yes it might be true and as expected most of those BTG holders will drop and dump their BTG in exchange for other optional currencies or even Bitcoin itself. I don't know if this is true but i kept hearing this thing, they say that it is just another useless forked coin. They really aren't wrong. Bitcoin gold (similarly to Bitcoin cash) were just forked coins that people see as an opportunity for free money for the most part. I haven't really seen people be enthusiastic about the fork and what it will bring. Part of this probably comes from the fact that many knew that Bitcoin would drop due to the large amount of sell orders after the fork. It basically slightly popped a bubble. |
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789
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC compared to BTG.
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on: October 26, 2017, 04:44:29 AM
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Hellow guys share your idea about this new altcoin now in market cap.
Should I hold this like what I did in BTC?
For the most part, especially with right after the fork, it seems like BTG will be dumped by a majority of holders. It all boils down to which one you have more faith in. If you believe that bitcoin will rise and that it has a higher potential to than Bitcoin Gold, then it makes a lot more sense to sell your BTG and purchase more BTC. If you believe instead that bitcoin gold has a true ability to be worth more in the future, then keep the bitcoin gold. As of now, I can tell you that a majority of people have dropped their BTG. |
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790
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Economy / Economics / Re: What would be the possible impact of BTC in the economy of a country?
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on: October 26, 2017, 04:40:25 AM
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The possible impact of the bitcoin in the economy for a country will be good because the people will find faster way of transacting money and transferring money from one point to another. The flow of money will become so much faster and it will make the economy of the country much healthier than before and i think that is the impact of bitcoin and there is nothing to worry about the negative impact because they can be fixed with an ease.
The speed of a bitcoin transaction definitely has not been a strong point for the currency at all points and even though its being improved over time, I think it's not a strong point to build support for the currency on. Instead, support will come more from the fact that bitcoin can be treated as an asset and the fact that it is an anonymous currency. People enjoy being able to spend their money with a certain level of protection -- they get that protection from using bitcoin. |
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791
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Bitcoin / Bitcoin Discussion / Re: 2nd chance at Bitcoin?
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on: October 25, 2017, 09:49:36 PM
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If someone bought $100 of Bitcoin in 2010 and kept it until now, they would now have around $6 million.
Do you think the same could happen again in the next 7 years? If I now own $500 in Bitcoin could that be worth $1 million+ in the next 7 years? Or is it extremely unlikely for this increase to happen a second time?
There will always be a limitation to how much something can grow. There are a limited amount of people here in the planet, and thus there is theoretically a limited amount of support and investors that Bitcoin will have. That doesn't mean Bitcoin won't grow anymore, it's just a way of saying that Bitcoin has grown a lot in the past time and now the growth may slow down. |
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792
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Economy / Trading Discussion / Re: Is this the time to buy Bitcoin
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on: October 25, 2017, 09:47:15 PM
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It's always a good time to buy Bitcoin. For long-term investors, there is no doubt about it. Short-term investors also can make a good profit as there will be another fork (Bitcoin Segwit2x) and it will cause the price to rise again.
There's a lot of people who say it's always a good time, but while I do agree with this statement, there are small aspects of it that can make buying BTC better. The people who bought past 6,000 currently did not buy at a good time. There will always be corrections and small drops and there will always be a better time to buy. I think OP should wait out Bitcoin for a little bit and see where it goes. If it continues to hover around the 5,500-5,700 mark, it would be a good time to buy since the coin would be stable and ready to grow. If Bitcoin is starting to drop, obviously, op can wait out the drop to the max time and buy then. |
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793
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Economy / Service Discussion / Re: Review of Bounty Campaign Managers
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on: October 25, 2017, 09:44:43 PM
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For those of us that have participated in various bounty campaigns, we have been under various managers and have been satisfied (or not too satisfied  ) with how they handled the campaign. Could you plesae share your experience here. Which managers did you think did their jobs well? What were the things you didn't like about the ways others handled their projects? Could you recommend some good ones? I have never been unsatisfied with any signature campaign managers. Most of these managers handle all kinds of different managing on these forums. However, there are some campaigns that don't use any escrows and when you see that, it doesn't make sense to join them because there is no proof of funds. DarkStar, the current chipmixer campaign manager is great because he actually answers questions that the campaign members have. |
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794
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Economy / Speculation / Re: Bitcoin is heading to $10,000, CNBC survey says
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on: October 25, 2017, 09:41:57 PM
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I have faith in bitcoin but the 10k prevision is too much optimistic in my opinion,
I think the value will tank in the next months but without crashing.
I agree with you for the most part. I don't know if the value will tank as much as it will "correct itself." I would be careful in terms of the word tanking simply because I believe that this signifies a drop of more than 1000$ in the Bitcoin price. For me personally, I think we will be hovering somewhere above 5000 at all points even when BTC is at it's low. Buyers will come in when they see an option and whales will be whales... |
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796
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Economy / Speculation / Re: Bitcoin price in 2018
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on: October 24, 2017, 05:36:15 PM
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now the exact price of the bitcoin is 3500$ but in the 2018 the price will go upto 6000$
What exactly do you mean when you say the exact price of bitcoin is 3500? As of now, the preev rate is 5700. We have not dropped very low. Sure, there may be some corrections and a couple of drops here and there, but I'm almost positive that we will come out of 2017 with BTC > 5000. BTC > 6000 is a possibility but as of now, I think we won't reach there until next year. |
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797
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Economy / Economics / Re: Who uses their bitcoin?/ Is bitcoin in a bubble?
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on: October 24, 2017, 05:33:25 PM
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Curious to ask you guys, who of you guys actually uses their bitcoin, litecoin or other altcoins to pay for things and who doesn't but just invests in it? simply explained a bubble is if most people are buying bitcoins as an investment, which causes the price to move up way over the actual value since the use is much lower in reality and so the actual value is well below the inflated bubble value. I'm not shure if it's the case so just running a test here, who of you guys actually uses bit or altcoins to pay for stuff and who just invests in them? and I'm in no way an expert in economics so I could just as good be wrong on this.
I do. I had to pull out some BTC during the whole China incident because I actually needed money for use. I do both however. I invest and keep some money in bitcoin, but I also make sure to use some to spend because without it, I would have little to no faith in the currency itself. If the currency can't even be used to pay for things, what is the use of it? This is why I use it to pay for things: to reassure myself that bitcoin is a valid currency. |
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798
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Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: BTC Gold on Bittrex?
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on: October 24, 2017, 05:11:27 PM
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I had BTC in my Bittrex wallet hoping to get Gold. Looks like they are not supporting BTC Gold trading but will they atleast give BTC gold for us to withdraw?
Bittrex will not support Bitcoin gold exchanges but they will allow you to withdraw soon. Yobit is currently the only exchange that I know that allows for BTG to be exchanged and withdrawn. But currently (as you can see here: https://yobit.net/en/trade/BTG/USD) it's being dumped very quickly. If you need to sell, you should do it immediately after you get your BTG. |
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799
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Economy / Economics / Re: Bitcoin Gold is Forking Off
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on: October 24, 2017, 05:08:45 PM
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With the imminent release of bitcoin gold (another garbage, pointless coin) in the next 24 hours, it's a good time to remind everyone that the developers are shady. This is a China-miner lead fork, it serves no purpose other than the enrichment of the developers. According to Coinbase ( https://support.coinbase.com/customer/en/portal/articles/2892196-bitcoin-gold-faq?b_id=13521), the developers are pre-mining 100,000 coins before releasing the code to the public. That's shady, garbage, self-enrichment behavior, and I hope this coin flames out because it's clearly designed to only enrich the developers. So essentially, after the fork happens, the only people mining will be the developers, and when they've determined they've made themselves rich enough, they'll release the code to the public while they probably dump their pre-mined coins. Don't be one of the dummies buying. This article definitely describes the current situation and the warning for people who actually do support BTG: https://motherboard.vice.com/en_us/article/qv38ab/bitcoin-gold-website-ddos-after-bitcoin-forkThe issue that I have with BTG is that people created a bubble in bitcoin by buying because they thought they would just get loads of free money just for having bitcoin that they could dump and buy more bitcoin with. However, now, BTG is being dumped to oblivion and the price of bitcoin is going down too for those who are taking their money out. |
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800
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Economy / Speculation / Re: Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's mark
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on: October 24, 2017, 05:02:01 PM
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Stock picker who predicted $5,000 bitcoin says it's on track to top Apple's market cap https://www.cnbc.com/2017/10/24/bitcoin-market-cap-to-overtake-apple-in-five-years-analyst.html- Bitcoin's market value will catch up with Apple in five years, according to a bitcoin proponent
- Ronnie Moas from Standpoint Research told CNBC that bitcoin's price could jump to $50,000 in the next decade
- He argued that critics of bitcoin are heavily invested in U.S. banks that are being directly threatened by the cryptocurrency
Currently, the bitcoin market cap is around 100 billion. Apple's market cap is about 800 billion. I think there is a while for bitcoin to best Apple's market cap. In that time, a lot can happen -- apple can fall, or bitcoin can go up like crazy. I think it's unlikely that bitcoin will reach that threshold in 5 years, but if the same growth that we've been seeing is somehow sustained for the next 5 years, it's very possible. |
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