Latest posts of: player514

Quote from: European Central Bank on October 04, 2017, 08:21:02 PM

do either have a future? the fact that gold is aiming at gpu mining maybe makes it a more attractive proposition, but it doesn't have daddy bitmain keeping it alive. hopefully all forks will dwindle to nothing and it'll be nothing more than a worthless phase that's best forgotten.

That fact you stated is what will make BTG more successful than BCH right off the bat. With Bitcoin Cash, there really weren't too many people aware and there weren't a lot of backers. For Gold, however, miners are targeted and that's a major part of the Bitcoin market anyway. Besides both of the coins, Bitcoin will prevail.

Quote from: CryptoDream2049 on October 11, 2017, 01:22:46 AM

So I get it Ok, When this Bitcoin first came on the scene it was blasted. So as I watch what is happening with Bitcoin I have to say there are just people who speak and have No Clue what they are talking about.

The other observation is what I am reading is all past financial executives. They are really just making a fool of themselves.

I will leave with this if the SEC is getting ready to allow Bitcoin for trading this instrument is valid........

I have a feeling that the financial executives are coming out with bold negative statements about Bitcoin to cause a small dip and then they go ahead and purchase that dip. They probably see promise in the coin, so when they have the smallest opportunity to drop the price and come in as whales, they'll do their best to do so.

Quote from: resty on October 12, 2017, 01:38:02 PM

My Question is: is it possible that organizers of Bitcoin will Cooperate and Refund in case of our Wallet Account with bitcoin and Fiat money would be hacked by hacker? for the sake of all people to continues using Bitcoin and also for the people does not not have and wanting to use bitcoin. is it possible the organizers will make their own policy to make the people comfortable

It's impossible to do. It conflicts with how Bitcoin is purely anonymous and decentralized. If people were able to get refunds, that process would also be exploited. Furthermore, there is no center for Bitcoin as in a place with support and call hotlines. It's a currency governed by the users.

Quote from: illusioNiZt on October 12, 2017, 04:49:29 AM

Most efficient and cost effective way of exchanging BTC to fiat is using your local exchanges for many reasons, of-course make sure they are trusted before you use them.

The issue is that local exchanges can be potential scams. I'd say dealing with someone very trusted here who accepts escrow is better than dealing with a local exchanger. Overall, exchanged just boil down to what you're comfortable with though.

Hey guys,

I'm looking for an iPad to buy. I would ideally want an iPad mini 4 or an air 2, but I would also love to see offers that you guys may have as well. Please leave your offer on this thread or feel free to message me.

Quote from: chaitanyagoa on October 08, 2017, 10:28:10 PM

HI guys,

I see a lot of us buying/investing in a lot of crypto currencies but my question is how to cash out of them? Is it as easy as buying them? Or are they limits?

Thanks

On exchanges, you generally have an option to put out your cash into a USD / fiat wallet. That should offer solutions to withdraw into your account. Either that or you can go from Bitcoin to USD.

Quote from: White sugar on October 06, 2017, 11:45:25 PM

The last fork didn't changed changed the difficulty for Bitcoin core too much, I don't think the next fork will.

There are several alts with different difficulties, I don't know what will be different with the next fork

I agree with this. I have a feeling that bitcoin gold will go pretty similar to bitcoin cash. Investors of bitcoin will end up dumping the btc gold in order to get more bitcoin with their holdings. Chances are that this will raise price and introduce more investors into the whole bitcoin scene as well.

Quote from: Bitcoin Guy on October 06, 2017, 09:42:26 PM

Be ready for this reversal. It may happen sooner than you expected.

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/

As I have mentioned in other posts before, the ban from China should be only temporary. Once they figure out how to regular the crypto market, they will disban the exchanges (provided that the exchanges get proper license).

China is not stupid enough to exclude itself from the crypto ride. Also, a long term ban will damage its status and reputation in the financial market.

I saw this article and I was intrigued. Seems like China was toying around with the markets just to see their power in crypto. They're going to want to regulate this game that a lot of their citizens are playing. I could see taxes being implemented in some form on these licensed exchanges, however.

Regardless, the moment when China licenses a couple of these exchanges, the price will rise.

The way I look at this is as if it's a stock price. When you take a look at a stock, say Paypal (which is worth 66.05 USD at the moment of me writing this), you notice that there are fluctuations that range from around +-1$. When you scale the stock price up, like Berkshire Hathaway Class A, you see the stock price being much higher (in the 100,000s), and the fluctuations as +-600 dollars. These fluctuations I believe come from the buy/sell orders that are available on the markets.

Quote from: xskl0 on October 06, 2017, 09:11:27 PM

Bitcoin cash have bigger blocks of 8mb while Bitcoin have 1 mb blocks. It means that can process 8x more transactions per block than Bitcoin. Bitcoin cash supporters thinks that Bitcoin should process all transactions onchain while Bitcoin has implemented segwit in order to create the lightning networks and process a lot of instant transactions offchain. The cost of an onchain transactions is more expensive if more people make transactions and Bitcoin cash will make bigger blocks in order to keep transactions cheap.

The main differences are:

bitcoin will have the Lightning Network
bitcoin is more popular and have a bigger marketcap than Bitcoin Cash

will ever be cheap do onchain transactions on bitcoin cash

This is a good explanation.

In terms of price and support, bitcoin is supported and accepted a lot more than bitcoin cash. In fact, the introduction of bitcoin cash raised the price of bitcoin because people (when they got their bitcoin cash), dumped their BCH and bought BTC. Since the high of bitcoin cash being released, bitcoin cash has never reached a similar high point. If you're looking at investing, it makes more sense to invest in bitcoin.

Quote from: Vatimins on October 06, 2017, 04:50:51 PM

Quote from: HCLivess on July 01, 2016, 08:24:37 AM

I want to talk about salaries. How much $ do you have left after paying taxes, rent, and basic expenses (electricity, water)
I get $10 000/y like a fucking slave
My spending basic is $5 000 / year, including food, $2 500 without food
I live in the former SSSR
Another reason to move away

Also they give me these communistic so called "benefits" when you get like prepaid cards for predefined services

https://www.facebook.com/televize.polar/videos/1047399295339540/

Dude! Are you seriously complaining about that? I mean, a lot of people in this world can’t even reach 1/8 of that much salary! And worse is that they do not get benefits from anything because most of the jobs they get don’t cover insurances, etc.

And damn suck to be one of them. But im still lucky because i only support myself. But still, it is hard as fck! Really really hard. So better be thankful that at least you get that kind of salary that others only dream of.

It really depends on where you live. The price of living can be significantly higher for where the guy who commented lives. On the other hand, in many other countries, you may be considered rich to have that salary, but in the case of the guy who posted, it's possible that it's not enough to live comfortably.

On top of the Twitter post that was posted by OP weeks ago, I find this article very interesting:

https://www.cryptocoinsnews.com/china-will-likely-resume-cryptocurrency-trading-by-licensing-bitcoin-exchanges/amp/

It's very possible that China was testing how powerful their influence was and they are attempting to regulate the trades that will happen in the future only on exchanges they license. We may even see taxes on BTC introduced in China.

Quote from: AlexRej on October 06, 2017, 05:01:30 PM

Bitcoin has the potential to change the world economy. Yet it is far from controlling it.

I would argue that no currency has the power to become a world currency or control the world economy. This is because somewhere, there will always be someone who may disagree with the current form of currency being used and strive to create a better one.

Furthermore, since Bitcoin is decentralized, there would need to be something to pull all Bitcoin together in order to create world-wide currencies to control the economy, which is not possible at this point in time.

Quote from: pinkflower on September 17, 2017, 03:54:59 AM

I have a friend who is an architect but hes taken some interest in cryptocurrencies. He said he can build racks and frames to use for placing all those GPU's for mining.

Is there a market for this, and is the demand enough for it to be its own business? He plans to ship them internationally.

Your friend would need to target the large scale mining companies. Most of them are in China from what I know. I also think that when people are buying that many GPU's, they probably have some method worked out already to rack the gpus they buy. However, if your friend can offer them at a price that is lower than what it costs them to produce, I believe that there is an opportunity to create a business out of this.

Quote from: MMysterious on October 06, 2017, 04:31:22 PM

Actually the price of bitcoin doesn't bother me at all because I am already expecting the price to fluctuate every now and then. I am actually holding some DGB myself because I bought them at a lower price, although it did increase its price a couple of months ago but I was still expecting DGB to increase more by the end of this year and so I'm holding this coin for long term instead.

OP should definitely think about holding. It'll pay off in the long run. I like how you keep in mind that the prices will fluctuate. Not a lot of people do that. Instead, they freak out when they see the price going down even a little and sell sell sell. OP, if you ever have the chance to buy when DGB or BTC is low, make sure you hop on that train early.

Quote from: btcap on October 05, 2017, 09:36:12 AM

I like the idea of paying for the education with bitcoin. It's a good investment. But I'm not sure that state universities could accept it, until the government would consider it legal.
Maybe some private courses have already put this into action, but I haven't heard of them.

I think paying for education should stick with fiat. The volatility of bitcoin forces people to spend either a lot more or a lot less in terms of the fiat evaluation based on where they're located. What I mean is that if someone pays 2,000 USD in a bitcoin amount for a month's worth of tuition, that 2,000 could be worth 4,000 the next month. This would be a loss for the person and a gain for the education system. The opposite way around would mean the education system won't be able to sustain due to lower income.

Quote from: CryptoProphet on October 03, 2017, 06:48:50 AM

How think what price BTC will be after SegWit2x?

I think $6000

I'm said August 08 that BTC price after segwit will be $4500, I'm right

https://bitcointalk.org/index.php?topic=2073830.msg20718415#msg20718415

I personally think 6000 is a bit too far for BTC considering where it's been looming right now. Depending on where it goes in the time between now and segwit2x, I think BTC price will hit anywhere between 5000 and 5500. I think this gives it some considerable space in terms of a price range, but also offers a decent rise from the people who purchase more bitcoin.

Quote from: Seansky on September 19, 2017, 10:52:28 AM

Quote from: rommelzkie on September 19, 2017, 12:08:58 AM

Hello,

I would like to ask if the Bitcoin is going to a new higher high now or it will go down again and make another low before going up. Based on my analysis btc price will reach up to 5000 USD or more. i need your insights. thank you

My insight is that it wont probably reach up to 5000 USD milestone because it had touched many highs already in the past bullish run that lasted long IMO so the probability of the last high being the last we will see this year is very likely now. Even if that is said, there is still a chance that it would get near 5000 USD price this year when it does a bullish run again from a bearish one weeks or months from now. I hope the latter will happen and the former wont happen.

Do you think it will never hit the 5000 mark anymore? Currently, I'd say that bitcoin isn't really a bear or bull market. It's fairly stable at 4,300-4,400. Given time, this could become a bear or a bull market.

I personally feel like 5000 is more than within reach for bitcoin. It can rise easily to a new all time high by the end of this month if it's surrounded by good news in the coming weeks. It'll push investors to buy more and new ones to come in on the promise of more money.

Quote from: Izarok on October 05, 2017, 07:00:37 PM

Last September since the banning of ICOs in China Bitcoin's value do fall down to the $3000 mark but the market had already recovered from that and as of today bitcoin's value is $4328.79. With the upcoming forks on November such as Segwit2x, I personally think that it will affect the market from all the FUD it will get. Prices do will always fall and but remember that it will also rise up eventually.

People said similar things about Bitcoin cash and such. There was really no drop in Bitcoin after that though. Instead, the price evaluation rose and it sparked a bit of a stronger rise in the price of the currency. Bitcoin cash also tanked significantly after that.

Quote from: Hk009 on October 04, 2017, 07:33:39 AM

Yes like other people said there are many ways to earn some satoshi like faucet, signature campaing etc. but I also have some applications in my phone that gives me some satoshi. I didn't get any payment yet but there are some trustworthy apps.

Satoshis are a truly minimal amount. I think OP would want to make a decent amount of money, probably in the range of around .01 BTC per week. With that, I think ranking up and joining a signature campaign is what makes the most sense.