Bitcoin Forum
May 11, 2024, 10:23:15 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 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 ... 110 »
41  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: June 08, 2019, 09:31:56 PM
I have 65k Reward Points, anyone knows the best way to get too 100k? Is it better to exchange them for Bitcoin Bonus and claim 12+ times and just get the BTC that way or should I get the RP bonus and claim 12+ times to get the extra RP until I get to 100k to be able to redeem the 100k into 100k satoshis?

if you can spend over 12 hours in front of your PC and roll the dice everytime the 60 mins is up then you should be able to generate more RP points if you buy the RP bonus
and yeah if you buy the BTC bonus as well and wager a lot you should make more profits than just holding the RPs

of course we are talking about dust amount of BTC here but still better in case you want to cash it out

Well I was thinking of setting up alarms every 12 hours and do it from my mobile phone since I don't have the captcha anymore it would only take like 5 seconds, go to the website, click claim and be done with it, however I would only be able to claim like 14 times realistically and that's 200 RP's. it would take me 100 days just to get 20000 RPS
42  Economy / Gambling / Re: FreeBitco.in - Win a Lamborghini Huracan LP 580-2!! on: June 08, 2019, 08:47:31 PM
I have 65k Reward Points, anyone knows the best way to get too 100k? Is it better to exchange them for Bitcoin Bonus and claim 12+ times and just get the BTC that way or should I get the RP bonus and claim 12+ times to get the extra RP until I get to 100k to be able to redeem the 100k into 100k satoshis?
43  Bitcoin / Bitcoin Discussion / Re: Proposed new law to jail Bitcoin holders, miners and sellers in India??? on: June 08, 2019, 08:44:04 PM
I don't really understand why the government really hates crypto, without being realised crypto really help the citizen to get more income, btc for criminal things is just an excuse, fiat, gold also ever being used for criminal, I think the punishment is too harsh, look at how other countries handle crypto problem, crypto is not a criminal things, I dont think it need a harsh punishment, let's wait RBI to see what will be the decision

It's fairly simple to understand, the government doesn't hate crypto, the problem is that they can't control people that own bitcoin, they are afraid of people not paying taxes and we should all be. Of course when it's only a few people it makes almost no difference but now imagine 80% of people own cryptos in your country and only 2% of those pay their taxes, the government will eventually run out of money to help public institutions.
44  Bitcoin / Bitcoin Discussion / Re: Keiser: Bankers Can't Stop Bitcoin on: June 08, 2019, 07:57:55 PM
I used to like Max Keiser - well actually I thought Stacey was more interesting, and Max kept interrupting her. He has been around enough to know how the banking elite control things, but he often seems to be at odds with reality.

Bankers can't stop Bitcoin, but they can accumulate coins, and increase it's value to such an extent that it is unusable for daily transaction, especially if they continue to create volatility.

They would have done so already if they really wanted to, they could have easily bought the majority of bitcoins by now, that amount of money is nothing for them, the market cap was also way lower. In fact in January of 2017 the total market cap of all cryptos was barely 19B, that's nothing for a bank, even for someone rich enough, they clearly don't care that much or they do care but are only profiting from it.
45  Bitcoin / Bitcoin Discussion / Re: How to safely store big amounts of BTC? on: June 08, 2019, 07:54:44 PM
All the methods are well explained here: https://en.bitcoin.it/wiki/Cold_storage There is always some risk and I don't know if there is really a best method on how to do it but you can take a lot of preventive measures. I personally have been using paper wallets for some time but I stopped using them because it's not a very reliable method of safely storing your bitcoins, way too many bad things can happen to it.
46  Bitcoin / Bitcoin Discussion / Re: Can cryptocurrencies be used as proxies for the strength of the underlying trend on: June 08, 2019, 05:50:15 PM
To be fair, predicting the trend of the current cycle and how long it will last is basically like astrology: pseudoscience using established patterns that people follow for guidance. Because of this collective approval of certain patterns in the market, most traders have the notion that x will happen because pattern x1 appeared, hence certain market movements are spotted for a period of time when a pattern is seen. TA for me is applicable for traditional markets as it already established its effects on that area, but for cryptocurrency? I don't think so.

Well technical analysis is not exactly that. Real analysts don't think or say, hey X will happen because this X pattern just formed. It's all about percentages, what's likely and what's not, you can never be 100% correct and you don't need to. For instance, when a pattern shows a likely bull break, traders wont simply jump into it like it's going to happen with an 100% certainty, they might wait for further indicators or they might simply buy and set a very safe stop loss. The more patterns and indicators show the same thing, the more likely it is to happen and traders will throw more money into those, it's always about the risk:reward ratio, some traders are fine with losing 3-4 trades while only being right on 1 because when they are right, they make 10% and when they are wrong, they only lose 1%.
47  Bitcoin / Bitcoin Discussion / Re: Will the LN's Atomic Swaps eliminate the need for centralized exchanges? on: June 08, 2019, 05:45:09 PM
In my opinion, this is just wishful thinking op. The reason why so many people including me prefer centralized exchanges over decentralized platforms despite the hacks and scams over the years is due to the ease of usage and regulatory authority which is somewhat comforting.

I am not saying that decentralized platforms are pointless, but they will gradually rise in popularity over time. However, atomic swaps or anything else will never overtake centralized exchanges in terms of popularity.

Hacks can also happen to decentralized exchanges though, hackers can infect the websites these exchanges use and steal your private keys, etc, it has happened, it's simply not too popular because not many people use them. It's also comforting knowing that a mistake wont necessarily ruin you, in a decentralized exchange you are responsible for every move, if you make a mistake, you are fucked, no one will be able to help you or go back in time, you have no support, I doubt big investors will ever use decentralized exchanges, it makes no sense.
48  Economy / Speculation / Re: timing the market on: June 08, 2019, 05:31:16 PM
The weekly RSI definitely seems to be timed perfectly with the recent bull run, however, if you look at the weekly RSI during 2017, it was overextended for months up to 90 points several times and nothing happened. Bitcoin was able to climb from 800$ to 20000$ through a whole year with the RSI being overextended most of the time, the monthly RSI was through the roof at 97 points and nothing. While I agree that the RSI can be a good indicator, it is certainly not that important because it cannot take in count the buying or selling pressure accurately when FOMO or fear settles in.
49  Bitcoin / Bitcoin Discussion / Re: Proposed new law to jail Bitcoin holders, miners and sellers in India??? on: June 08, 2019, 05:27:42 PM
Thankfully it seems like these type of news barely affect the market anymore, I think people and investors got tired of the same type of FUD coming from India/China. Those countries don't seem to be as important now, a lot of people focused more on Futures and SEC but that also got boring pretty quickly. India is also not an ideal country for anything so it's no surprise that they can pass laws like this, I would just leave the country to be honest.
50  Bitcoin / Bitcoin Discussion / Re: Keiser: Bankers Can't Stop Bitcoin on: June 08, 2019, 05:18:47 PM
I doubt ''bankers'' are trying to stop bitcoin now, it's blatantly clear at this point that Bitcoin will NOT be able to overthrown fiat. Fiat will always be needed unless some other cryptocurrency with far better features than bitcoin appears. Bitcoin simply doesn't work for day-to-day transactions, it would also take a long time before it ever stabilizes which it wont. How would that even happen? The volatility will always be there and even if fiat stops existing for some reason, how will bitcoin be valued?
51  Bitcoin / Bitcoin Discussion / Re: dear technical analysts, serious question here.... on: June 08, 2019, 05:03:07 PM
Technical analysis does influence a lot, however the trend reversal wasn't caused by technical analysis, at least not at first. The recent pullback most likely wasn't caused by TA either, although TA showed that a pullback was needed. It seems like a whale moved 25k BTC and sold most of them which caused the market to crash so it might look like it the responsible was TA but it wasn't. I'm fairly sure that big whales that want to manipulate the market will make sure to time their moves with big TA indicators, for instance if TA is showing a lot of bear pressure they can use that to their advantage and sell a lot of bitcoins which would cause the market to crash much faster and cheaper.
52  Bitcoin / Bitcoin Discussion / Re: Why I hate Banks and love Bitcoin :-> on: June 05, 2019, 06:56:23 PM
That is why many of the modern people especially those who are technology literate people who's wanted an easy and fast transaction like me. I am sorry that you experienced that kind of situation for sure it is very annoying,
I hope that in the future bitcoin will be available to all providers or all products that it can be an alternative way of paying instead of cash or through bank.
There are actually many third party services that provide you a convenient way to deal with everyday's shopping through bitcoin also there are many of gift card seller who accept bitcoin  If you really interested in using bitcoin you can try that

Which takes away the point of bitcoin, doesn't it? Using centralized services because bitcoin cannot do it alone? There are many problems with bitcoin, most of these issues are holding bitcoin back from mainstream adoption. Stablecoins have tried to solve the volatility problem and while they are not volatile, they are also not necessarily the best option.

Financial Freedom is important but it also has its disadvantages, mistakes for example can be devastating because no one is in control of your coins and so, no one will be able to refund you if you make a  mistake.

Yes, banks suck, their interest rates, fees, etc are bad, however there isn't a much better alternative when it comes to everyday payments and even other type of payments. The bitcoin network is certainly secure, however that doesn't mean your coins are, your money is probably much safer in a bank than in your own computer with bitcoin unless you are never trading with it and holding it in a paper wallet (which certainly doesn't help if you want to use them for daily payments). Exchanges get hacked all the time, people lose their bitcoins all the time, even using hardware wallets, it happens. Security isn't necessarily a + when it comes to bitcoin.

Deflation: Yes, in that regard, bitcoin and cryptos definitely win, it's math, there is a limited number of bitcoins, in fact the amount is lower and lower every single day because of lost bitcoins.

Anonymity?: See, this one is tricky, you need a credit card/bank/paypal to purchase bitcoin, at least if you want big quantities of it, there are ways to do it without them but you wont be able to buy 1000 bitcoins not using one of those methods, also even if you manage to do it, what are you going to do when you need to cash out?

Talking about cashing out, bitcoin can be a bitch, did I say banks have high fees? Well shit, when you cash out your bitcoin, you can get pretty fucked with fees and it's not even that easy to do. Localbitcoins has been targeted by governments recently and might even shut down at some point, it's certainly not very anonymous anymore.

Banks do have a very important role, stabilize the economy for example in times of crisis, they can literally create or destroy money, we wont be able to do that with bitcoin and while you might think this isn't necessarily great, it's needed sometimes.
53  Bitcoin / Bitcoin Discussion / Re: What is the timeline for daily usage of bitcoin? on: June 03, 2019, 04:52:21 PM
Even if the lighting network is able to take Bitcoin to Visa's level of TPS it still won't be enough to make bitcoin a daily payment option for most people. The complexity of using bitcoin would still be there, the issues with withdrawing bitcoin will still be there, the volatility will still be there, there are a ton of problems for bitcoin when it comes to being a normal currency. I personally don't think it is and I believe we should stop focusing on it as such, look at it like gold. This is still a huge improvement though.
54  Bitcoin / Bitcoin Discussion / Re: Lost Bitcoins and how they affect market in a longterm? on: June 03, 2019, 04:48:07 PM
Those are already priced in, I'm fairly sure, the only thing that truly can and will affect the market long term is the halving and future ones, of course lost bitcoins should affect it too but we don't really know how many lost bitcoins are there and we can never be sure, even satoshi's coins could be resurrected by himself or even someone else so they are never really truly lost.
55  Bitcoin / Bitcoin Discussion / Re: If everyone is hodling, how can bitcoin be used for mass adoption? on: June 03, 2019, 04:46:36 PM
Can we finally admit that bitcoin is probably never going to be used for day to day payments? Can we finally switch to the idea that bitcoin is more like gold than anything else and stop this idea of ''mass adoption''? It's already adopted by a lot of people and companies but what more do we really want? It's not profitable for smaller companies to accept bitcoin, what do they gain from it? How are they going to deal with the volatility?
56  Bitcoin / Bitcoin Discussion / Re: Why I hate Banks and love Bitcoin :-> on: June 03, 2019, 04:43:29 PM
imagine people from poor countries like mine? when I pay TV and Internet via ATM it usually takes between 30 minutes to hours, and it constantly causes me headaches. Even the POS services in my country are not so reliable because they have many problems and maybe in many years my government will think about accepting bitcoin as a means of payment. By this I mean that at least you have better options

Wouldn't bitcoin take just as much or even more? Sometimes it could even take days to send bitcoin and you have 0 safety when it comes to bitcoin payments, you would have to rely on the company to be safe and if they scam you, you are fucked, who is going to give you the money back? At least with banks, if you get scammed for small amounts of money you can easily cancel the payments.
57  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: [Vote] Next coin to be added to Stake.com & Primedice on: June 03, 2019, 07:33:32 AM
USDT seems like a cool option and I havent seen any other  casino offering it, i know people do not like it but it can be quite convenient and easy to know how much you are betting.

Bitcoin SV though? Please dont.
58  Economy / Gambling discussion / Re: What is a "Provably Fair" and How does it work? on: June 03, 2019, 06:45:05 AM
The problem with it is that people do not usually check if its actually provably fair or not because it can be quite complicated, various casinos were found to be cheating even though they were using provably fair systems, in theory.
59  Bitcoin / Bitcoin Discussion / Re: Why I hate Banks and love Bitcoin :-> on: June 03, 2019, 06:43:07 AM
Use paypal or credit card, also bitcoin could have taken way longer than 20 minutes, sometimes it takes hours too so your example is pretty shitty if you want to make banks look worse than bitcoin. You had several options for instant payment, its your fault for refusing to use them, not the bank.
60  Bitcoin / Bitcoin Discussion / Re: Localbitcoins removes face to face cash trades on: June 03, 2019, 06:40:15 AM
Oh well, i dont think its that bad, face to face trades arent too safe and regulation is needed eventually. Look I know people here like their privacy and what not but we still have to pay taxes, if everyone stopped paying taxes, countries would go to shit.
Pages: « 1 2 [3] 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 ... 110 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!