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1201
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Bitcoin / Mining / Re: solo mining those who found block..
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on: May 21, 2017, 01:03:28 PM
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Is it really possible to solo mine a complete block? I mean that's hog in cog. And also know this solo mining costs you more than anything including your heavy electricity charges so why do even try it. I have recently started solo mine but I'm really upset with my set up so I'm gonna make up the team in nearing future. Also if you mine by any chance a block would contain 8-12 bitcoins. That's huge and that is why it's less chances you may find it.
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1203
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Economy / Economics / Re: If Bitcoin goes up very high should i buy a house?
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on: May 21, 2017, 12:40:58 PM
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House with bitcoins let's do it. It is always a good idea and yes mortgage would be bad idea or let's just skip it as you will have to repay all the interest and all. The tax would be taken from your bitcoin already so you don't have to pay it again in USD. I'm hoping you would do that when the price hits to 3000 dollar. That would be just profitable home ever.
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1204
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Economy / Trading Discussion / Re: Time to short Bitcoin?
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on: May 21, 2017, 12:04:02 PM
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Profits should be taken at +$1200 levels. I personally am a long term holder plus an occasional trader. I am currently having a decent amount of fiat waiting for the moment the market starts heading down seriously. I will only start buying if the price happens to dip significantly below the $800 level. If there really happens to be a fork, then it will definitely sink below that level. If not, then no problem. Either way, I am well prepared for whatever the situation might be.
Yeah the price is skyrocketed already and I'm in ambiguity as well whether it will hit down or not. I'm waiting for the short situation as well but this is not the time yet. Bitcoin seems to be moving further but now the situation is like it may come down or may go up without any notice. I have seen few downward trends in the past which clearly states bitcoin came to deep down in a single night which could be disastrous. Let's see. I'm too prepared anyway. |
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1205
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Claymore's ZCash AMD GPU Miner v12.4 (Windows/Linux)
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on: May 20, 2017, 12:42:42 PM
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Though I'm not in mining I liked your post. I did not go through all the parts however but seems to be heavenly information for miners. I'm no expert but for fury as you said updating won't work then not implement a extra ram to boost its memory consumption so that it may get faster. I'm not sure if it is really true but I read somewhere about the ram thing. It would be grateful if you correct me on my point. I will do mining someday but I'm very afraid that I will loose money on it as it is hard these days to mine coins. With your post a complete set up can be made for Claymore's ZCash AMD GPU Miner. That's a fruitful info and thanks for sharing.
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1206
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Economy / Economics / Re: Build a Bank Of Bitcoin
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on: May 20, 2017, 10:59:00 AM
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But bitcoin is decentralised then how can it be operated from the bank. Also if you suppose to make bank of bitcoin solely of bitcoin then you will have to collect their identities which are against the rule of bitcoin I guess. I mean bitcoin online doesn't ask for your identity and you are free to do your transaction with any amount. Also fees are less when it comes to online bitcoin and for your physical bitcoin you will need big charges to afford your place, rent, service charges and all the stuff.
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1207
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Economy / Economics / Re: Why dumps are important
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on: May 20, 2017, 10:54:20 AM
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This is just a theory, so bear with me (constructive criticism is welcome)
And this theory asserts that Bitcoin dumps like what we've seen recently (i.e. today and right after the rejection of the Winklevoss ETF by the SEC) contribute to more even Bitcoin distribution over time and will help stabilize prices in the future (read make Bitcoin growth more consistent). What real world facts is this theory based on? We know that initially there were only a few users (so-called early adopters) who held the majority of coins, so they could easily move the price by dumping their stashes (at least, some part thereof). In the case of the lack of major news (either positive or negative), the price is pretty stable right now. So the only viable explanation for all of a sudden price crashes is most likely someone dumping huge amounts of coins (maybe, the bros themselves). This causes the price to plunge (even if momentarily). It is almost certain as well that the coins dumped are bought by a lot of independent traders, and therefore the wealth distribution is set to level out eventually. That's basically why dumps are important since they are caused via massive sell-offs by a relatively small number of large Bitcoin holders and get absorbed by the market
After reading your post I've voted "Yes, they are". You have a good point, I have never thought about this issue that way. If you are right, and hopefully you are, the dumps work to the benefit of Bitcoin because it is dumped by a few and adopted by many. Right now I can witness the confirmation of your theory on a Bitcoin exchanger I use: many people are buying BTC for the amounts from $10 to $30, and I'm pretty sure big part of them are buying their first Bitcoins now. This will also help bitcoin ecosystem to get refreshed stone to time so that making it healthy. But not everybody dumps their large volumes making it unstable economy. If all the small coop comes together and decide to do a big dump then it can really help. Also they should do it in timely manner so that the bitcoin will keep raising when purchased by many of us. |
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1208
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Economy / Economics / Re: Worst bitcoin decision you've ever made?
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on: May 20, 2017, 10:48:16 AM
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Putting my money into bitcoin when it was $1000 dollar plus and that too into gambling and mining sites. It was very disappointing when I kept money into mining sites and two of them. Both shown great promise at the first time and I was very happy to receive my income from there. However it was only for few weeks after which they shut their websites forever. The domain was for sell when. I went to web address. It was really bad and I was not happy with bitcoin due these jerks.
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1209
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Economy / Economics / Re: USD vs BTC
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on: May 20, 2017, 10:37:15 AM
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It's kind of tricky. People love bitcoin as well as use USD for real life living. So they can not rely completely on bitcoin. So they love the USD and care about earning more and more bitcoin because they are ultimately creating wealth for themselves. It is not necessary which one is great or which one people mostly prefer. The users of USD and bitcoin or almost same but depending upon age groups we may get answer that USD is more popular as young generation is more into it and young generation is not much as compared to other groups.
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1210
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Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon?
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on: May 20, 2017, 10:33:31 AM
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Few of them saying yes. But there is no valid reason of happening that miracle. Dollar to be replaced with bitcoin is like replacing the oldest form of currency and that too from billions of users. How can this change be accomplished with bitcoin when it doesn't have any physical presence. It is limited in number and may not be capable of performing those huge transactions which are made with dollar world wide. How much disturbed that would ever imagined!
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1211
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Economy / Economics / Re: Smart Passive Income
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on: May 19, 2017, 04:18:51 PM
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If you are providing services related crypto currency or at least products that can be bought with crypto currency then you advertise some ICO's which are being developed newly. This is because they will pay you lots of money for their promotion as they already have taken care of advertising funds. So these big companies will not hesitate you to pay. You can try 2-3 at the same time and you can expect 30-50 dollars per day from this type of advertising.
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1212
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Economy / Trading Discussion / Re: When do you plan to sell?
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on: May 19, 2017, 03:48:51 PM
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It is all about how much profit to grab from bitcoin trades. When it comes to buying bits I wait untill price goes deepest low and grab as much bits as I could. This ensures me that I will get profit one day from bitcoins because they will for sure rise up again I'm price. Whenever there is 20-30% rise in bitcoins price from buy price of my bitcoins then I start selling but slowly and gradually. This again ensures me that I will get more profit as it keeps rising in the market. That's my exit or that is the way exit trade.
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1213
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: Creditbit Signature/Social Campaign(weekly payouts)(JR Member+)
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on: May 19, 2017, 08:12:49 AM
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Btctalk name: frowsiter
Rank: member
Current post count: 63+1
Creditbit Address: 0x5832231c18BA7daa0eabF52385Ad47F09CB9a916
Wear appropriate signature. Yes.
Btctalk name : linyhan
Rank : Full Member
Current post count : 188
Creditbit: 0x02dFF5f4e018aED564492873370A918BE695925F
Wear appropriate signature : Yes
Accepted campaign full I don't understand. If I was signed up for the campaign in middle of week and payments are being made on Thursday immediately them how is it possible for me to qualify? How can I do 25 posts in just 4 days? It means it was complete waste of 4 days and posts are not even counted? Plz clear my doubts I would be grateful. You can complete your 25 post even if you only have 4 days left. What i do is post after an hour or two if you can do it then you can complete the required post per week. Okay. But what I understand is, sign campaign is 7 days cycle. So there should have been equal opportunity. Anyway, pulling my sleeves again, will start working for this week again forgetting all the hard work last week. |
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1214
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Alternate cryptocurrencies / Bounties (Altcoins) / Re: Creditbit Signature/Social Campaign(weekly payouts)(JR Member+)
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on: May 19, 2017, 04:54:45 AM
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Btctalk name: frowsiter
Rank: member
Current post count: 63+1
Creditbit Address: 0x5832231c18BA7daa0eabF52385Ad47F09CB9a916
Wear appropriate signature. Yes.
Btctalk name : linyhan
Rank : Full Member
Current post count : 188
Creditbit: 0x02dFF5f4e018aED564492873370A918BE695925F
Wear appropriate signature : Yes
Accepted campaign full I don't understand. If I was signed up for the campaign in middle of week and payments are being made on Thursday immediately them how is it possible for me to qualify? How can I do 25 posts in just 4 days? It means it was complete waste of 4 days and posts are not even counted? Plz clear my doubts I would be grateful. |
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1215
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Economy / Economics / Re: First investments in bitcoins
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on: May 19, 2017, 04:31:44 AM
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With today's situation I guess I will stop buying them for now. I will buy once it falls back to 1000 dollar (as I'm posting at the time one btc equals 1900 dollars.) I would wait for sure. It may rise but it may fall below the expectations very fast so I don't want to take the risk at this time really. If I had lots of money and cost to bear the loss then I would have thought of investing in it.
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1216
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Economy / Economics / Re: How many coins did you have during the rise?
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on: May 19, 2017, 04:22:30 AM
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I wish I had been there when the rise occurred. I started bitcoin back in 2016 and at that time also I was not sure about what bitcoin is and understand it or not. The real bitcoin. Stuff started in 2016 year end when the price was already high. But I was lucky enough to grab the 2017 rise that we are experiencing at this very moment. I had a bitcoin on my wallet in January this year and now see the bitcoin is 1900 dollar plus which making me lot of profit and I'm very happy for that. I think there will be many more opportunities like this so I'm gonna hold bitcoin for a long time.
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1217
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Economy / Economics / Re: where should i invest my 0.5 btc ?
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on: May 19, 2017, 04:17:24 AM
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Try for altcoin exchanges on any exchanger sites. That is small investment so you exchange it an trade you coins when it is profit for you. I also suggest you use that money for buying and selling bitcoins at low high formula. That way you can grow your bitcoins soon. Trading on fired is not advisable the returns are really slow and also trading is very risky. You said you put some money for hashflare but mining is very risky and mini g websites can trim their backs at anytime.
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1218
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Economy / Economics / Re: Bitcoin in India? Not for a LOOOOONG time.
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on: May 19, 2017, 04:02:04 AM
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Bitcoin will reach India but slowly. It is developing country and government is making lots of changes to its economic system. I think India has 2nd most populated rank in the world but they have less infrastructure for new feature so people are little bit away from bitcoin I guess. But once they start understanding the bitcoin it might happen that India becomes top most country to use bitcoins in the world. Lol. As they have too much population after China. With good relations with China it may happen they make deal to exchange of these currencies on large scale. Well one can just imagine but the effect would be good.
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1219
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Economy / Economics / Re: bitcoin provide income on line?
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on: May 19, 2017, 03:57:55 AM
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It does provide online income and it will always keep doing that. I am very satisfied with my earnings online. Bitcoin gives me financial freedom as well as support in real life. Recently started with trading and signature campaigns and got very good results out of it. Altcoin giving chance to make more profits when exchanged with bitcoins. This income gives me my home rent, good and traveling expenses. That is what one need in life. I'm enjoying it to fullest and with step by step learning I will earn more in the future. Thanks to bitcoins.!
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1220
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Economy / Economics / Re: Reason why you should Buy bitcoin now
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on: May 19, 2017, 03:17:52 AM
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May be that is true if IBM says with survey conducted by them. But for me I'm believer of bitcoin and I just look forward to buy bitcoins because I think that bitcoin will grow big and profit me. For me it's profit is all and I don't really care if banks implement it or not. Banks are not that easy and with the implementation of block gain they might bring some other strict rules which are present for current economical situation. Bitcoin. May loose it's value in that process. So I'm buying for myself not because bank will be implementing it.
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