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1581  Bitcoin / Bitcoin Discussion / Re: Second hard Fork impact on: October 24, 2017, 10:32:51 AM
there really wasn't any "BTG market scenario" to want it to repeat! some people said the rise was because of bitcoin gold but as you can see the block that was used has already come and long gone and we have build so many blocks on top of it already and price only dropped a tiny bit and it even recovered back up to $5700ish, so you can't really say the rise was because of BTG or it was a BTG market scenario.

that was mostly the natural course of bitcoin, being adopted, and rising,... and that only got intensified with bitcoin gold a little.

as for SegWit2x, i believe things can be a little different because it is more of a serious fork than the incomplete bitcoin gold which doesn't even have the code for it completed !
1582  Bitcoin / Bitcoin Discussion / Re: Proof of Foolishness on: October 24, 2017, 10:26:38 AM
I took all of my saving to invest in Bitcoin.

if you ask me, that was a foolish move. it really doesn't matter if now you are in a huge profit. what matters is that you took a very big risk, the risk that nobody should take like this. what if price went down?

hell, lets just forget about the price. what if you lost your wallet? your private keys in a fire or some other disaster? that was "all your savings" gone.
1583  Economy / Speculation / Re: Bitcoin Gold hard fork has happened on: October 24, 2017, 10:19:33 AM
not it has not yet happened. the hard fork is apparently scheduled to happen on November 1. what is already over is the block that they used as their reference for distributing the BTG coins.

you can already see what the bitcoin price is!
and you can also see the BTG price which is very different in different exchanges. i have not checked bitfinex yet but in yobit it was 0.08BTC=456$
1584  Other / Beginners & Help / Re: The best way for newbies to buy bitcoin or ethereum on: October 22, 2017, 11:07:08 AM
a newbie is best stay away from Ethereum as it gets dumped hard most of the times and a newbie doesn't naturally know what to do about it. only experience traders know what a pump and dump is and how to make money from them.

as for bitcoin, if you already have a coinbase account then you have found a rather easy way to buy bitcoin already!
1585  Bitcoin / Bitcoin Discussion / Re: Isn't Bitcoin 100% sure to dissapear in mid-term? on: October 22, 2017, 10:50:26 AM
the technology doesn't have to change, it doesn't have to not-change either. it can evolve and become better. you can think of it as improvement to match the new kind of demand. but it doesn't have to disappear in a short time just because it has changed or has not changed!

it is like saying the car you drive (the technology) should disappear after 10 years!
for example the first automobile was created in 1808 (209 years ago). for about 70 or so years things stayed the same and the next groundbreaking invention was in 1870 with the usage of internal combustion engines.

you can't say vehicle disappeared. the technology used in it was improved and we are still using the same but improved internal combustion engines that was invented in 1808!

bitcoin and the blockchain technology is the same as the 1808. it will be 100 years before someone comes up with something new to "replace" it as we have not yet replaced vehicles with teleportation devices Wink
1586  Economy / Speculation / Re: What will happen on nov 25? on: October 22, 2017, 10:40:33 AM
Is not just november 25th, but the whole month will be a test for bitcoin.

Thats because a three-year long civil war (bitcoin) may finally come to an end.

But whether that will be a peaceful ending or a bitter breakup remains to be seen.

the war will never end though.
something like bitcoin with all the decentralization and the changes it has made to the monetary world won't go unnoticed. it will always have many enemies. they sometimes come in the disguise of bitcoin cash forkers wanting to ruin everything or sometimes come in the disguise of UASFers who want to ruin bitcoin.

in the end as long as we stick to certain rules and enforce rules after everyone agrees by reaching consensus we can pull all the enemies down.
1587  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC Dominance: 58.9% and counting. Is altcoin market is over?? on: October 21, 2017, 11:16:31 AM
bitcoin dominance is not at all what you said, it is about 98.9% and it has always been like this and it will continue being like this in the future also. the dominance that you speak of is not really "dominance" it is only a meaningless number called market cap and since i can, in a blinking of an eye, create a 10 billion dollar market cap with a click of a button it means it is meaningless.

in reality dominance means the adoption and usage, the demand, the supply, the merchants, the volume of transactions, the volume of trading, and then after 20 other factors you can add market cap to if you liked.
1588  Economy / Speculation / Re: Magic OR Deserve on: October 21, 2017, 11:05:12 AM
obviously everyone knows that bitcoin deserves the price, and it should even be a lot more than this already. $6000 is piss cheap for bitcoin, a decentralized currency that nobody can control and on top of it has a very small supply! i mean 21 million can be deceiving at first but when you compare it to other things and also when you compare it with number of people in the world capable of using it, you know it is cheap to pay $10,000 for bitcoin.

this doesn't change the fact that this rise was fast though. i think mostly this was because of all the media attention to bitcoin. even the negative ones calling bitcoin "fraud" are actually advertising bitcoin and putting it on the map so to speak.
1589  Alternate cryptocurrencies / Altcoin Discussion / Re: Consequence of going into Alt-coin Trading without Proper orientation on: October 21, 2017, 10:58:00 AM
it is like saying "what will happen if you try driving an airplane instead of its captain for the first time in your life and without knowledge of it"!!!

trading is the same, it is just easy to get in the "cockpit" and start trading but it is not easy to land the plane where you want successfully without killing all the passengers on board or at least losing a great number of them.

i know it is tempting to see the rise, specially when the altcoins get pumped 1000%-5000%. that is ridiculous amount of profit that can make anyone weak. but it doesn't mean it is easy to know when to buy and when to dump.
1590  Alternate cryptocurrencies / Altcoin Discussion / Re: Top 3 cryptocurrencies on: October 21, 2017, 10:51:11 AM
Hi, I got 100 bitcoins to invest in top 3 cryptocurrencies. Please help me out here to make a decision that what should I invest in and WHY?

Thanks

there are not top 3 cryptocurrencies.
there is only bitcoin which is the solid cryptocurrency that works in long term and then there are altcoins which are short term pump and dumps. they are ALL the same so you have to rank altcoins together then put bitcoin on top of all of them with a big gap.

you can also take a look at the prices of each altcoin and see how they have been getting dumped for the past few months, consistently.
1591  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a Bubble that is just waiting to pop? 6000/8000!! really? on: October 21, 2017, 10:45:30 AM
what people who call bitcoin a bubble neglect to also mention is the fact that bubble doesn't have to be too huge and "pop" doesn't mean price going down to dumb low numbers.

a bubble can also be a small one. be as big as $500-$1000 and the pop can be small consequently. meaning a $500-$1000 drop for example and call it a "pop" and back to normal
1592  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Cash will NEVER be bitcoin on: October 20, 2017, 01:04:42 PM
How "NEW" I am or anyone else for the matter does not make any facts that I have stated any less true,and I obviously am WAY more informed then someone so esteemed as yourself.
you are correct about you being "NEW" doesn't change anything. but lets check these "facts" you speak of and see how "informed you really are.

faster transaction
bitcoin and bitcoin cash both have the same block times and follow same rules except the block size and having SegWit. nothing else.
this means transactions have same "speed" so to speak.

at a fraction of the price
fees are only low because of two things:
price is low + nobody is using BCH

as for comparing it with bitcoin, bitcoin fees went up only to protect it against spam attack. if bitcoin cash stops creating 95-99% empty (100-500 kB) blocks and starts creating 95%+ full blocks, it WILL be under spam attack the same way bitcoin is and by then fees of BCH will also rise and that is when many of BCH nodes will fail because not only they have to verify 8 MB of data each time a new block is mined but also they have to hold a huge backlog of transactions which they also have to verify and hold in their memory.
the first thing will be running out of RAM, second will be excessive use of CPU power and finally is the excessive use of network. all of which is 8 times more that what bitcoin is using.

Do you honestly think the future of crypto is going to a coffee shop and waiting 30 min and paying 8 $ in fees to  buy a coffee?
Satoshi never created bitcoin to be used for paying for coffee. and it never takes more than 10 minutes nor more than 10 cents to send a bitcoin transaction. apart from during the spam attack, something that BCH is also susceptible to.

1593  Economy / Economics / Re: Generating Passive Income on: October 20, 2017, 11:55:25 AM
you can read up on the POS (proof of stake) algorithm.
It is designed to reward people that hold (stake) a certain amount of altcoins for a certain time.

This way, you can create passive income, however, it's only a limited number of altcoins that use POS, if you pick an altcoin to stake, and you gain 10% in one year, but in the same time, the altcoin's price goes down 50%, you end up with more altcoins but with less actual value.
You probably mean the Ethereum. In these coins the developers laid down the mechanism of inflation. POS is an attempt to stop this process but I'm sure it's a ticking time bomb. When it explodes all will suffer who keeps ETH. I do not recommend long to keep money in altcoins.

the reason why the price of PoS coins go down is because they are practically doing an airdrop but more frequently than a normal airdrop.

people are known to dump what they get for free. there are a lot of different reasons for that too. some fear the price is going to go down because some others will dump before him, some want to just sell the free coins to have a "passive income" like OP so they sell,...
but for whatever reason the sells take place and they create a pressure on price consistently and in long term. which ends up reducing the price slowly but surely...
1594  Economy / Speculation / Re: For fun Bitcoin price 6000$ on: October 20, 2017, 11:46:01 AM
28/10 is 3 days after the bitcoin gold release, not sure when it is going to start having a real block mined since it has a huge premine period but some people believe that after bitcoin gold "snapshot of bitcoin blockchain" BTC price may go down.

and as we enter November and get closer to SegWit2x fork, the fights may pick up and cause some panic themselves.

in other words we may find reaching $6000 harder than it seems like. although bitcoin is always unpredictable!
1595  Alternate cryptocurrencies / Altcoin Discussion / Re: CryptoRuble - Any thoughts? on: October 20, 2017, 11:36:35 AM
Russia launches its CryptoRuble mostly for people who avoid to pay taxes:
just another centralized coin. and like the rest of them, it will do nothing.
maybe these coins indirectly introduce cryptocurrencies to average Joes so that bitcoin can grow even more as the only decentralized and proper cryptocurrency

After all, Ethereum and WAVES are both platforms designed by and built for Russia. Any thoughts?

just the fact that developers of these platforms have a Russian nationality doesn't really mean they were "built for Russia"!
1596  Bitcoin / Bitcoin Discussion / Re: Bitcoin Buzz: Get Rich Quick Without Working on: October 20, 2017, 11:21:13 AM
Some are saying that we have to be careful as sooner than expected Bitcoin can crash just like a big balloon that popped to the dismay of its myriad of enthusiasts, holders and supporters.

that is only if you assume everyone is going to completely leave bitcoin to rot. even with manipulation and dumps and panic sells and all the fear that all these cause, there will always be so many more who ignore all and buy bitcoin.

there is strong demand for bitcoin that is not going anywhere. yes there may be a big drop but it won't be a "crash just like a big balloon that popped". metaphors like these are only used to cause panic.
1597  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin Cash will NEVER be bitcoin on: October 20, 2017, 11:13:21 AM
Absolutely right! BCH will never be BTC, and I'm glad! From day of its creation BCH has always been superior. faster transaction at a fraction of the price is just the beginning. Do you honestly think the future of crypto is going to a coffee shop and waiting 30 min and paying 8 $ in fees to  buy a coffee? BCH is better in every way, the only thing they lack is the brand. In time people will stop being stubborn and realize a quality coin is more important then what its called.  The only reason it angers you so much is cause they are superior in every way and you are fearful that you are backing the wrong horse.

Look at that BCH graph!!! So much better than anything we've ever seen!  Grin



 Cheesy

It always is odd to me the number of newbie posters that come out of nowhere to support BCH. It is as if they got an account just simply to support it.

it is a pump and dump altcoin, what else did you expect out of it except a lot of advertisement to get it to pump up. and they are not all newbie accounts there are others too. everyone wants to earn more profit, more money to put in bitcoin.

and the chart is not like that, and it will never go to zero. it has bitmain and Roger Ver pouring money into it and pumping it in order to keep it alive.
1598  Bitcoin / Bitcoin Discussion / Re: INCREASING AMOUNT OF ICO(S) on: October 19, 2017, 03:33:15 PM
many ICO Many Scammers But Many Pumps

and many dumps!

that is the important part that everyone forgets. they think since some pumps happened for a couple of them, it has to happen for all of them. but when they face the reality they see that they have been buying into a bubble.
1599  Alternate cryptocurrencies / Altcoin Discussion / Re: Am I doing it right? on: October 19, 2017, 03:24:34 PM
Been into the crypto game for couple weeks....And third week realise I should make more if I just hold what i have. 
how exactly did you come up to that conclusion?
lets assume when you say "couple weeks" you mean 4 weeks.
in the past 4 weeks ETH price has gone down from 0.078BTC to 0.053BTC and that is a -32% drop!
in other words "just holding" you are losing money.

meanwhile bitcoin has gone up from $3680 to $5700 in the same 4 weeks. and that is 54% rise.
in other words if you kept your money in bitcoin you would have earned profit!

Quote
I want to see how th price go after the bitcoin gold fork and Segwit2x in NOV. I hope the Ethereum price go up.
bitcoin forks should not have any effect on ETH price.
1600  Economy / Economics / Re: How bitcoin can help for working abroad specially OFW on: October 19, 2017, 03:12:23 PM
*They can use it to remit a money for their family in Philippines in a very convenient.
it may sound easier but in reality it makes this more complicated and i think it can even make it more costly.
you see the "family" in another country needs fiat, and you are earning fiat or lets assume you earn bitcoin. when you send them bitcoin, they have to sell it to fiat and that costs, either exchange fees and fiat bank transfer fees or selling face to face and getting a price much lower than market value.

Quote
*Bitcoin is also way to earn extra money by using earning some satoshi or faucet.
faucet! seriously! faucet is known to be the worst way of wasting your time for earning nothing.
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