for long term purpose, which is better to invest in , Bitcoin or Ethereum ? Lets discuss that ..
I am bitcoin lover ,But now i am research about Ethereum.Finally i know about Ethereum so i think Ethereum is the best for invest on crypto currency .If you have some Ethereum just hold for some years .I hope You get more profit. What do you think about the short term investment in ethereum (compared to bitcoin)? There is an ongoing fundamental change in ethereum (moving from POW to POS). If this happens, miners will leave ETH and this should be reflected in the price as well, but I don't know what will happen to the price. |
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Meh, we are far away from the good old times (a few weeks ago).
BC now seems shaky and scared... I think it needs to calm down, see that SW2x is not that big of a deal, see that China will be back with us in a bit, and will return to be the good old BC.
For the moment, I don't see anything big on the horizon (maybe small raises, but I'd be surprised if we go back to 5k before SW2x)
I smell Bitcoin going back to $5000 this October. Another forking happens in the name of Bitcoin Gold. Maybe this free tokens if you are a Bitcoin holder helps the price. Also I read somewhere China's exchanges will be back this October with new rules. The Segwit thing is the dark horse here. We should be really cautious when giving predictions about the price of $5,000 anytime. In the last weeks there were just a few negative news (FUDs) from various people in the banking industry, and price has fallen nearly immediately. Other members of the finance market has not commented on bitcoin, so it's possible that others are ready to stand up and say something negative again, if they feel that it's neccessary to influence the bitcoin price in order to reduce the trust in bitcoin... |
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I am a "crypto-optimist", but I agree with some of the points of the author.
The two biggest problems I see and where I agree:
- Too much shilling, and thus Bitcoin is prone to pump-and-dump fraud (the author's first point). If we, as the community, had a better "bullshit detector" when analyzing price predictions, newbies won't get burnt that much.
- The valuation dilemma is real, in my opinion. If we had better metrics about Bitcoin "real" usage, then we could see earlier if we are in a bubble or a crash has gone too deep. The community should try do develop these metrics, and above all, should include use "as a currency" (trade against goods and services) and the related price discovery. An idea could be the creation of a basket of goods and services that are often traded against Bitcoin (e.g. hosting) and track its value.
Obviously, the author has made an error when he called transactions "encrypted", but I think you all here get his point: if you mix your coins well, then it is very, very difficult to find illicit transactions. Although here, I consider that a "feature" (privacy!) and not a "bug", so here I disagree with the author.
Bitcoin is really risky for the Average Joe, if he has zero knowledge and experience about bitcoin. This is why most central banks and most of the commercial banks are warning people and advicing not to invest in bitcoin, to prevent these newbies from getting burnt. These banks needs to give reliable advice and this kind of speculation is not for the average people, this is why they act like this. (And of course they're defending their own market...) |
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It was too good to be true... Anyway, if the guy with the fake news had some bitcoins, he could gain some profit on the price as well. OK that the main motivation was the quick and high traffic to get more AD revenue, but it was really misleading for the rest of us... |
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Hello All,
Since getting into Bitcoins, I have noticed in my local area that there are hardly any ATM's to convert Bitcoins into cash to spend and I guess many others feel the same from time to time.
So I spoke to my local store owner and he might be interested in getting a BTC ATM if all the sums add up and he will make a profit from it.
Are there any places that I would be able to enquire to find out where I would be able to get one of these ATM's?
Also does anyone else know if it increases the people using the store and by how much in percentage wise?
I might have further questions.
Thank you in advance.
I am one of the bitcoin users from 2013. I also have not found many ATMs available, even in my country with a total population of 200 million there are only 3 ATM bitcoin available. infrastructure and capital are likely to still be a major problem to make many ATMs. oh yes for me actually bitcoin ATM is less effective because every transaction can be done in bitcoin wallet application and also withdrawal to local currency it seems to be more secure if sent to conventional bank have respectively. I live in a major city and have maybe seen 1 Bitcoin ATM, although cannot even remember. Not very many around here either. We have two bitcoin ATM's at my location. I like to keep my cryptocurrency, so I made a small test transaction once, and it was fast. I would say it took about 1 minute to get my funds. This was about one year ago so the speed may have changed. Because of the hodlers, few people use the Bitcoin ATM regurarly, maybe those who mine bitcoin and have to pay for the electricity bill and they can't exchange their bitcoins on normal bitcoin exchanges because their bank doesn't allow to receive transfers from bitcoin exchanges. And of course, those who want to keep their anonymity and don't want to receive transfers to their personal bank accounts. |
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Hi Friends, I am new here. So I apologise if the question is already answered. I have few bit coins in Payeer BTC wallet and my plan is to hold it for long term. Do you think it will be OK to hold up in payeer btc wallet so do I need to think about something else? Thanks  You wrote that you have "few bit coins" in your Payeer BTC wallet, that means a few thousand dollars. This amount of money worths: -to care about it better than just holding it in an online web wallet (as it was mentioned before, if the service provider shuts down the service overnight, your can say goodbye to your coins, you can't claim it back) -the price of a decent hardware wallet (Trezor, Ledger Nano S, etc.) is really cheap compared to the value of those bitcoins you store in your Payeer wallet, so you should really think it over and buy at least one hardware wallet and move your coins into it. That is my two cents. |
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If you just want to keep your BTC off an exchange then something like Bitkee might be an option - bitkee.com
Haven't heard about them before, price looks quite expensive and similar to other hardware wallets which have better functionality and security. Trezor and ledger nano seems best option for hardware wallet right now. Ledger Nano S has a long waiting que. They notify the customers that shipping is about 1 month from the order, mine has been shipped 6 (!) weeks after the order, and I was happy, because I was expected much longer waiting period, despite of the official communication... I have no information about Trezor, but in February, March, they had also this backorder and were shipping after 1 month. |
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https://www.reuters.com/article/us-ecb-bitcoin-stability/ecbs-constancio-compares-bitcoin-to-dutch-tulip-mania-idUSKCN1BX26CFRANKFURT (Reuters) - Bitcoin is not a currency but a mere instrument of speculation, the vice president of the European Central Bank said on Friday, comparing the digital currency to tulip bulbs during the 17th century trading bubble in the Netherlands.
The dollar value of the Bitcoin has nearly trebled this year and, while its adoption has yet to pick up in a significant way, the rise of this cryptocurrency is worrying central bankers across the world.
But ECB Vice President Vitor Constancio denied it posed a threat to monetary policy and compared its rise to the ‘Tulip mania’ seen three-hundred years ago.
“Bitcoin is a sort of tulip,” Constancio said at an ECB conference. “It’s an instrument of speculation ... but certainly not a currency and we don’t see it as a threat to central bank policy.”
The ECB said year last year digital currencies, which are generally issued by private companies and only exist in electronic form, could in principle erode its power over the supply of money, inviting European Union lawmakers to tighten proposed rules on the matter. I'm so glad the UK has left the EU! I was thinking about the reason why every chief in charge thinks that they need to stand up and say something negative about bitcoin... If bitcoin would be a kind of thing that doesn't bother their interests, they should not mention them or think about it. Now it seems that bitcoin is a kind of thing that can have really big influence on them, so they need to do something in order to decrease this. Anyway, interesting. Maybe they just want to buy low  |
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Good day, As per Vitalik Buterin said during TechCrunch Disrupt 2017: "The technology of block chain will be able to catch up and replace the Visa payment network soon". I'm not sure how soon, but it looks rather realistic in close future. What do you think? Let's see together, it should be pretty interesting. kevin. Will be able to catch up soon - might be right, but not in a few months time. Replace the Visa payment network soon - might not be right, because VISA processes way much more transactions per second that current blockchain systems together. Somewhere I saw something like we would need at least 8Mb size blocks to process that amount of VISA transactions, but there's the American Express payment network, that also counts. And for everything else, there's MasterCard |
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Kezdő vagyok és mivel nincs még cryptopénzem, hogyan fogok tudni hozzájutni valamilyen tokenhez?
Köszönjük az érdeklődést @coinbirds! A részleteket hamarosan az oldalunkon is megfogod csinálni. Alapvetően csak egy ETH wallet kell hozzá, ahonnan el tudod utalni az ETH-t, mi pedig vissza tudjuk utalni a tokent a crowdsale lezárását követően. Ezenkívül ha már a pre-saleben is szeretnél részt venni, akkor a Whitelistre is szükséges regisztrálnod, ennek részleteteit hamarosan publikáljunk minden csatornánkon és itt is. --- Thanks for your interest, @coinbirds, You just need an ETH wallet and a registration to our whitelist to participate in the crowdsale. We will release the details about the whitelist registration soon on our channels and here as well. Hi Dev, does the myetherwallet with Trezor is OK for your crowdsale? (Or a ledger Nano S?) ETH is OK for trezor, but I don't know anything about storing tokens in it. Thanks! |
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There was a whole bunch of this going on several years ago- a lot of crypto-related sites had javascript miners that they forced on unsuspecting visitors. It died out because CPU mining is just not useful for ANY altcoin. They'd have to have an insane number of visitors to their website that stayed there for significant amounts of time. I don't think javascript mining will ever replace ads. I think if people find out, it will lose more customers and their revenue than they would ever make mining.
Some blogs also has tried it after the news popped up. There were different feedbacks, some were mentioned that the antivirus has (mis)identified the javascript miner code as a trojan, so the site was blocked, others mentioned performance issues and crashes. Maybe there were something fishy with the code too, who knows... Anyway, it's not the way forward, if this was, most of the sites would change their regular ads to this. |
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bitcoin prices begin to rise again. and now it works up to $ 4000 again. well, I do not think china gives a long lasting effect. and I think, in the near future, everything will be back to normal again.
Ethereum prices have already recovered, and Bitcoin prices will soon follow. but still wanted to see the price of the air around 330 dollars point to date, this figure has not yet been achieved. But if Bitcoin goes above 4000 dollars, then it seems to me the market will start to stabilize. Of course, Ethereum prices should still go up quite a bit. I personally think $500 is perfectly feasible by the end of the year. That would be 73% growth, because it's $288 at the very moment. It would be a really huge gain, but I don't really know what would be in the background that can support this growth for ETH. If ETH goes up together with bitcoin, BTC would need to raise $6,920 by the end of this year, which is likely impossible, but it's just my opinion. |
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I have just got my Ledger Nano S and I can recommend it. It is easy to use, supports many different cryptocurrencies (and there is also planned support for a new ones). I chose it because it was cheaper than Trezor. When I was ordering it, website said that they will ship it out on 14th September, but I got it 2 days ago! That was blazingly fast!
I have also ordered a Ledger nano S, I was also told that it won't ship before 15th September. They were right, and they have not shipped it still. Has anyone ordered Ledger Nano S recently? I would be curious about the current shipping experiences to EU. |
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Who says it is bad to buy Bticoins with a credit card? Not me! I think it is smart.
I agree Just another thing that came into my mind recently: In my country, I've heard about a lot of problems wiring back fiat from exchanges to bank accounts. Not the accounts themselves are the problem, because they're not closed, but the transactions. Banks are sending back EUR or USD transactions to the exchanges and they doesn't credit it to your bank account. This could lead to problem, if you want to pay back the credit you have used to buy the bitcoins. There's no use if bitcoin gains $1,000 in a month, if you can't send your funds back to your bank account to pay back the credit card debt. Maybe you can pay it back from your own funds, but next time if you buy bitcoin again with credit card, you will need additional funds to cover your debt again, and again next month, etc. |
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I don't see a problem with people doing this as long as a few things are true.
1. The sites tell you that they are mining with your CPU.
2. The sites limit it to a small % of the CPU.
3. Normal ad blockers block it from mining.
4. Don't jam your site with ads AND try to slip in a miner.
With that being said, I do not think mining will outperform normal ad revenue in a direct comparison. Even if a site gets alot of daily hits, the majority of users aren't going to be leaving the browser on that site for a long period of time.
Sites, especially those like the pirate bay and others are won't tell you what they're doing in the background... and they won't care about your CPU usage. You need antivirus, anti malware, script blocker anyway, if you visit sites like that. If you can block it with a JS blocker, then you'll be fine. I won't be surprised it this will be widespread in the near future (like the screensavers were in the ancient times searching for signals from the space, using your idle computer's CPU time) |
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I have always seen the Internet advise against it. Although I have made profit in this way.
You were lucky, that the price has not fallen by the end of the repayment period... Just imagine, that you have no funds to buy bitcoin, just a credit card, with the credit line of e.g. $1,000 You have bought 0.33 bitcoin on 1st August, (price was ~$2,900), so you paid $957 with your credit card. To make it easier, let's say you have 1 month period, when you can pay back your credit without interest. On 1st September, bitcoin price was $4,850, it means you had $1,600 worth bitcoin. When you have paid back your credit, the net profit was $643. (nice profit for one month investment...) But if you have bought 0.2 bitcoin on 1st September (paid $970 by credit card), and let's assume that on 1st October the price of the bitcoin will be about ~$3,500, that means that you have to pay back the $970 credit, but your bitcoin worth only $700 the net loss is $270. You have to pay this back from your own funds, or, if you have no funds available, bank starts to calculate interest from the 1st September, and on 2nd October, your $270 net debt starts to increase because of the ~30% interest rate (p.a.) of the credit card. Still.. It's good long term isn't it? For now atleast when crypto is in its early years? I mean I am salaried and I can just pay off the credit to encash a better amount a few months/year/decade later. The financial part can be OK, but from the technical point of view, you won't find a seller, who wants to sell you bitcoin (with credit card payment) on a decent price (price is the key, you will find sellers, but they will calculate some extra % on the market price, because of the risk of the possible chargebacks) The same applies for Paypal payments, because Paypal always decides the dispute in the favour of the buyer (in connection with bitcoin), so sellers take huge risks if they accept credit cards or Paypal. |
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I have always seen the Internet advise against it. Although I have made profit in this way.
You were lucky, that the price has not fallen by the end of the repayment period... Just imagine, that you have no funds to buy bitcoin, just a credit card, with the credit line of e.g. $1,000 You have bought 0.33 bitcoin on 1st August, (price was ~$2,900), so you paid $957 with your credit card. To make it easier, let's say you have 1 month period, when you can pay back your credit without interest. On 1st September, bitcoin price was $4,850, it means you had $1,600 worth bitcoin. When you have paid back your credit, the net profit was $643. (nice profit for one month investment...) But if you have bought 0.2 bitcoin on 1st September (paid $970 by credit card), and let's assume that on 1st October the price of the bitcoin will be about ~$3,500, that means that you have to pay back the $970 credit, but your bitcoin worth only $700 the net loss is $270. You have to pay this back from your own funds, or, if you have no funds available, bank starts to calculate interest from the 1st September, and on 2nd October, your $270 net debt starts to increase because of the ~30% interest rate (p.a.) of the credit card. |
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And again they failed, wioutht the spam attack we have cheap fees and back to 10 minutes confirmation time
Does it have any connection with the news from China, that they want to regulate bitcoin in the country? Maybe the spammers have used the miners in China to mine the spam transactions, and now it will finally end? I have no insider information, I'm just wondering about the future. |
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Bitcoin fees now are very high for small transactions.
This is not 100% true, because if there's no ongoing spam attack against the network, the mempool is not full and the transaction is simple enough (one input, one output) the fee can be really low and the transaction still gets verification in some hours, and not days like summer this year. Moreover, if LN gets activated on bitcoin, it will boost small transactions too. |
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As always the person behind is the one who is responsible. Sticky fingers, bad configured client, bad configured application or.. Somebody who was in a real hurry to move those coins. It might even be a "hacked" wallet, there are thousands of possibilities and reasons for it. It could be the wallet, like about a month ago, in the Mycellium mobile wallet, it was only allowed to choose fee from a drop down list, like low-prio, economy, high fee, etc. That time, users payed 10x higher fee compared to the market with the low-prio settings, because of the wallet's predefinied fee structure. Now, Mycellium has developed their mobile wallet (at last...), and now, you can set your own fee. Thanks to this, (and to the empty mempool, and to the weekend), now it's possible to have 2 confirmations in 20 minutes time with a fee of 20 sat/B. |
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