Latest posts of: Anegg

Quote from: Reflexify on June 21, 2017, 09:20:53 AM

Its nothing special. But its in amazing condition. It's a 1992 Dodge Shadow ES Hatchback. Going to use the cash I make if I were to sell it on craigslist or however to purchase BTC. So I figured why not just try and sell it to someone for some? Tried finding sites and OpenBazaar seemed like about the only somrewhat decent option. I live in Ohio, so obviously it would have to be in the US. And im guessing shipping a car would cost a lot..but if anyone has any advice or would like to know more or input would be appreciated. I'll post a few pics of the car just because.

It is possible, but there are variable to consider. If you are just selling the car for bitcoin only, other than being able to accept all kinds of currencies it will probably take a long time to find a trustworthy buyer for your car. The person also should be around your area to avoid being scammed, in case they don't send the bitcoin and you have shipped the car. Good luck finding a buyer, it will be hard

Quote from: erickkyut on October 09, 2016, 09:58:28 AM

Hi guys

May I know what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business?

I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you?

I am planning to hold my bitcoin until the price goes insane and with the amount that I am willing to spend, just trade and do other stuff. Not doing to waste that much money trading since it is way too risky and I won't risk that amount of money. The last time where i traded and invested into altcoins, i lost sleep over it and I really dont want to go through that again.

Quote from: bitbunnny on October 13, 2016, 07:40:36 PM

I would like to know if anyone of you earns 0.1 BTC per week or even more? Is this possible and what is best way to earn it? Your experiences, suggestions and advices are very welcomed.

Just because Bitcoin is a different type of currency to Fiat currency it doesn't mean that you just get money for doing nothing. I'll give you some methods to make some money, but you won't earn 0.1 from that.
1. Do signature campaigns and get paid a bit, some of the big payers out there are chip mixer, bitmixer and Cypto news and games.
2. Sell your services, if are good with Photoshop, you make logos, if your good with writing, you can write articles.
3. Trade cryptocurrencies, risky but you could possibly make 0.1 a week from that, very inconsistent though.

Quote from: virtualdn on June 12, 2017, 04:14:27 AM

Found this.. is it all fud? "Legendary investor Jim Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime."

http://www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

If the market crash, bitcoin will also crash. Even though bitcoin may be decentralized and not reliant on fiat currency, if that crashes or becomes worthless, who do you think will trust bitcoin as their payment method. Bitcoin does profit off small market crashes, but a big market crash will certaintly not be benifical to anyone. This crash that you are talking about is very impossible and their is barely any proof about this

Quote from: glerand on June 21, 2017, 06:08:46 PM

Hello,
I just want to know why Bill Gates do not invest some money in Bitcoin, he will be a very big contributor to the crypto world, and will also be very respected, he will also be able to become more rich (or less).
But what is the reason why he do not invest funds in cryptocurrencies?

Yeah okay sure, when you have 90 Billion, you can go waste your time investing into bitcoin and cryptocurrencies, sweating over them other that time with family. That guy has so much money, he won't be able to spend it after 100 lifetimes. He just isn't bothered investing and he is also heavily invested into USD and is very busy with family and his company. The only reason people invest is to make money, but obviously Bill Gates doesn't need any money

Quote from: vikkyzenna on June 27, 2017, 07:55:29 PM

Which one suits you the most?

I use a hardware wallet called ledger wallet, I use the Nano S which is usually where I store large amounts of money, 5+ bitcoin. I would totally recommend ledger wallet to everyone for medium to large amounts of bitcoin since it is very convenient and even if you forget your pin it is easy to recover your account. Ledger supports bitcoin, Ethereum and other wallets. For day to day purchases, I use blockchain since it is convenient and relatively safe.

Quote from: loveyouforever on May 17, 2017, 11:48:46 PM

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

If this issues persists or worsens bitcoin will probably not die, but it is highly likely that bitcoin will recieve some hate and become damaged, but i think through this damage, bitcoin will improve and have faster transaction times and cheaper transaction fees also. If Segwit gets activated, then this should all happen, but right now just wait for August the first to roll around.

Quote from: loveyouforever on May 17, 2017, 11:48:46 PM

I have sent BTC yesterday but one day passed it is not confirmed, I have raised mining fee, this sucks.

Quote from: pompatore on June 25, 2017, 06:21:18 AM

https://www.change.org/p/jeff-bezos-amazon-com-should-accept-bitcoin-and-litecoin-cryptocurrency-as-payment-methods-asap

I don't think Amazon will accept bitcoin soon since just recently there was a thread with Alibaba accepting bitcoin but even though the vote was heavily in favour of Alibaba, they probably still won't accept like other online sites like Ebay. But maybe due to the recent media attention Bitcoin has been receiving, especially after Google invested heavily into bitcoin, they might actually accept the contract. I also don't think that Amazon is ready to handle bitcoin yet, since they probably don't even have the necessary equipment

Quote from: lyth0s on August 03, 2014, 12:40:44 PM

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

Oh god, 100 Bitcoin what things you could do with that!
Other than just selling half and withdrawing to my bank account I would probably do this. (Old post but seemed interesting so I posted)

Make around 5 different wallets and carry the passwords on a piece of paper that is hidden inside your watch. It is 100+ Bitcoin so this doesn't sound ridiculous to me. Then for those 5 different wallets enable 2 step for added security and link that to a phone that you can hide in a safe. For the 10 wallets I would label them like this:

1. <1 Normal spending wallet, when it reaches a certain amount, transfer some money from your other wallets (online wallet)
2. 10-20 Your big spender wallet, for electronics, furniture and mostly just big purchases. (hardware wallet)
3. 10-20 Use this wallet to pay for stuff that is unavoidable like tax, bills. (hardware wallet)
4. 10-20 Your bank, where is only used when your other 2 wallets run out of money. (hardware wallet)
5. 50 This would be the one where you use your hardware wallet or cold storage.

Quote from: ih8censorship on June 26, 2017, 04:37:06 AM

So I'm back. You might not recognize this account , but that is because i made only a few posts around 2011. I was there at basically the beginning. I could be rich right now.. That's an odd thought! I was there, but i didn't put the time or effort in. Now im back, Bitcoin is higher than i ever thought it'd be, and i'm trading on exchanges. Live and learn. I feel dumb for not staying in, but smart for getting back in. What were you doing Bitcoin wise in 2011? Did you even know about Bitcoin?

Ah, I remember those days, where I was so carefree and clueless about everything, but then when someone bought me one Bitcoin for my birthday in June, everything changed. I started stressing about the price and after it rose so much I began to be carefree again, it was 2 years where i just left my one bitcoin on an online wallet and 2 years ago, I finally logged in my online wallet again and realised I just made 2K by doing nothing, then i started trading and going on this forum and 2 years after, same old, same old

Quote from: Bitcoin Guy on June 21, 2017, 03:34:08 PM

http://www.c[Suspicious link removed]m/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html

Erik invested in bitcoin when he was 12 and not is a millionaire at age of 18. This is a good story for Bitcoin.

But here is something that I do not understand:

An excerpt from the article:
"Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."

"My parents asked 'Why don't you take the more cash?"' Finman explained. "But I thought of it more of an investment.""

Why didn't he take the $100K and bought more bitcoins instead? Granted that there has to be some tax consideration, but tax rate has to be as high as 40% in order for both of the cash option and the bitcoins option to breakeven. If the tax rate was at 40%, then he could get $60K after tax and would be able to buy 300 bitcoins at the market price ($200 at the time). Moreover, one day when he sells the bitcoins, he can dedect $200 on each of the bitcoins from the capital gain as cost.

Am I missing something in here? Don't drop out from high school? Cheesy

The kid is 12, that's the main reason. If that person was so young, it would most likely be illegal for the person to purchase bitcoin. The kids' parents would have to be involved in every step of purchasing bitcoin. The kid has wisdom to hold the bitcoin untill now and is now a billionaire. He took a risk and profited of it
Good Job!!!

Quote from: rumex on June 23, 2017, 05:29:09 PM

Alibaba should be the next global giant to accept Bitcoin according to 4,500 participants in a survey this week.

52 percent of respondents to the survey by Digital Currency Group creator Barry Silbert believe the Chinese marketplace is next in line to embrace the virtual currency.

Other options included Amazon (31 percent) and Google (12 percent), while only five percent of those answering on Twitter believed Facebook would be the first of the group to get serious about Bitcoin. According to Barry Silbert

https://twitter.com/intent/follow?screen_name=barrysilbert

These surveys have happened many many times with heaps of vendors like Ebay, Amazon and other online giants. I am not expecting Alibaba to accept Bitcoin any time soon, but with the recent issues with Japan and Google investing 40 million, I would doubt that bitcoin is starting to pick up the pace and maybe Alibaba will open the floodgates for bitcoin. The future for bitcoin seems very promising.

Quote from: Mbah Tyo on May 03, 2017, 12:22:14 AM

I see that the more bitcoin the more users seen from the significantly increased bitcoin price increase, is this a sign that bitcoin will soon become the future virtual currency?

The increasing price of bitcoin is certainly due to the huge number of people using Bitcoin, but we do need to get rid of some issues like long confirmation times and long transaction times. By August 1, transaction fees should fall. But the only way that bitcoin becomes super popular and used by everyone is if it overtakes fiat currency and also receives more media attention, this is already happening with the Japan incident.

Quote from: RENATA612 on May 27, 2017, 09:14:50 PM

I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world

What is your opinion this time?

Bitcoin won't save the people who are unemployed since there isn't really anyone who gets a living off just Bitcoin but it would certainly help. Bitcoin has made freelacing even more popular now days with heaps of people earning a bit of money on the side now. Saying that Bitcoin will save unemployment is a bit of a stretch but Bitcoin can certainly help unemployment.

Quote from: yambub on June 06, 2017, 02:59:57 PM

Hi,

Even just a year ago bitcoin was useable... now the fees are about 10x what the banks charge. Seems like its changing from a peer-to-peer money system for everyone into yet another convenient way for rich people to exchange funds!

What went wrong> And more to the point, who is responsible? What can be done to fix it?
Thanks
Andy

When a currency grows it is impossible for it to stay to same, same transaction fees and the same speed it takes to move bitcoin. There is really no one to blame it but I am pretty sure that after August the first the transaction fees should fall a bit. The only reason the bitcoin might help the rich benefit is that they have more money to invest in, but that applies to everything, stock market, gold and banks.

Quote from: mamaita on June 07, 2017, 11:07:29 PM

Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?

People who own Bitcoin become richer, the cryptocurrency market grows and in whole our entire market grows. A lot of people are hopping on the bandwagon and making Bitcoin their investment option and a lot of people are now investing in Bitcoin other than gold. Their are not a lot of people who have left their job for Bitcoin since their are not a people who can solely survive on Bitcoin. Most people use Bitcoin as a part time job or just as a method to earn a bit of money on the side.

Quote from: glerand on June 21, 2017, 05:21:10 PM

For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?

All up to the merchant's intelligence, some people are just idiots and will double spend a 5 dollar coffee. Usually, if you are buying something big with bitcoin, the merchant may ask for you to remain there for a little bit before it gets confirmed, since no one wants to get scammed by 10k. This is why using fiat is better when purchasing items in real life and that is why bitcoin is most effective when used online.

Quote from: Ucy on June 25, 2017, 06:45:26 PM

I honestly think Bitcoin isn't decentralized enough considering that government still controls the Internet and can easily censor or shut them down (is this even possible?) anytime.
The move by government to make us go cashless by gradually phasing out cash is even more worrisome, could make them have absolute control over us.
We need some sort of decentralized "physical Bitcoin" that doesn't depend on the Internet and can be exchanged for online Bitcoin. It is too risky not to have offline alternatives to Bitcoin to act as backup plan for online Bitcoin in case something big goes wrong.

Pls I need to know something, Is it possible to exchange Bitcoin with other people without being connected to the Internet?
Let say the government bans the Internet and you have your Bitcoin offline(in cold storage right?), can you exchange the Bitcoin to the next person by simply transferring some Bitcoin from cold storage to his/her computer, phone or even data storage devices(like SD Card, USB, Hard drive etc)?
If this is possible then no need for the "Physical Bitcoin"

The government will never shut down the internet since the entire market will crash, and also the government has heaps of documents that are online. The government relies on the internet way too much.

Quote from: vaxo_nba on February 10, 2017, 06:50:58 AM

If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?

Your question is pretty confusing since there are currently no bitcoin banks that are available to deposit money in, maybe you may be talking about online wallets?
There is really no interest you can get from banks, but if you hold bitcoin for a couple of years it will most likely rise in value since bitcoin usually rises in value over time.