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461
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Economy / Service Discussion / Re: Poloniex.com new security
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on: July 23, 2017, 04:59:44 PM
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The security is always a good thing to have when dealing with money. The google authenticator is recognized to add about 99% added security to any account you use, starting from Gmail to your favorite website or exchange. I use google authenticator 2FA and so far I have not had any problem with Poloniex website.
But personally upon some upgrade from google, most of there authentication process is not just as basic as loging in on the same country. Because chances are emails have its own address depending on where you are in the globe. Because not all emails have the same authenticator espicially with 2fa that is used by google. But only hackers with great skills could decode your own but i think it just waste of time hacking an account that is just used for authorization. |
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463
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Economy / Gambling discussion / Re: Cryptocurrencies and bet fraud
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on: July 23, 2017, 10:33:46 AM
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Fraudulent activities were not found with the gambling websites. In my opinion, majority of the gambling websites are trustworthy compared to the investment opportunity available through different websites. Some websites have gone bankrupt just because of the unsuccessful management and technical development. Based on this fraud in betting with cryptocurrencies never happens.
I think there are also authorities in the web where they are really looing if certain site is good or the content is too risky. But offcourse not all are being caught. But in terms of those gambling sites i think thay is just a basic concept that some are really manipulated by the creators. So it is always in the user to have those risks especially if a user is a high staker that could attract other gamblers. |
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464
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Bitcoin / Bitcoin Discussion / Re: IS THERE A CHANCE THAT BTC WILL BE CONTROLLED BY THE GOVERNMENT?
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on: July 23, 2017, 12:36:34 AM
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Digital crypto currency, bitcoin including, are designed in such a way that completely exclude the possibility of its control by any government. So this is technically impossible. If this happens in some unintelligible way, then it will no longer be a crypto currency in the sense in which it was planned and developed.
Yap and unless a government has a puppet hacker then somehow it could be managed having all the bitcoin in one control is just impossible. It is worldwide and most costumers are anonymous. Rare only that people would reveal who they like some CEO's. Maybe the bitcoin is a government itself but with different hierarchy of power. |
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465
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Economy / Speculation / Re: The sky has not fallen down on our head and I hope you have not sold at $1830!
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on: July 22, 2017, 07:36:24 AM
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Well well well good thing I didn't panic when the price at $1,830 and I haven't sold my remaining bitcoins. Good thing that I had sold when the price was still higher but I regret I didn't bought back again. And I had to agree with ivan that for sure the alt coins are going to be on a skyrocketing for sure, we haven't seen action with them.
I have to agree because when i was a newbie the most common trick was buy low sell high. Those are some advice i have read to anything related to trading strategies. Indeed it is true but it is not really applicable for wise trading. And slowly that i recognize those things a lil bit later that it should becuse obviously i get some small profits. But i guess there will be a lot of new topics and strategies once the BIP 148 comes in. |
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466
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Economy / Trading Discussion / Re: When will the market begin to grow again? Your thoughts :)
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on: July 22, 2017, 05:15:42 AM
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I'm hoping for things to get sorted out and everything to go back to business as usual within the first 2 weeks of August.
I recommend the year 2017 for a vacation, and stop sitting at the computer, waiting for BTC to go up. 2 weeks is too short to resolve everything back to normal. Relax and enjoy the coffee. !! It would likely be also be related to beta testings. And its gonna take months to fix any errors and bugs if there are any and maybe it could take long time to synchronize blocks again if we need to.This might not be a new issue but it is a new evolution of bitcoin. Many speculations on hard fork has been done and i gotta say there is yet no perfect demonstration on its effect. So take the advice and at least find something to be busy on and be ready for the august 1 update. |
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467
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Local / Pilipinas / Re: Status of BTC in Philippines? (Explain to foreigner)
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on: July 22, 2017, 04:03:36 AM
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I think Filipino who know bitcoin just gather here in bitcointalk or in facebook group that's why you don't encounter them in your visit here in Philippines. Just like me, I'm a Filipino but I have only few real friend in life that know bitcoin.
And because most accounts are anonymous it would be rare to see notice someone it the btc community. So yeah most people who are on facebook who are also advertising btc is not that knowledgeable on btc but off course im not saying all of them dont know but most just want to know btc and they just happen to spread a certain site on there facebook. Cause even in my province i have yet to meet someone who does bitcoin as a full time job. |
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468
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Bitcoin / Bitcoin Discussion / Re: Which affects the btc price
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on: July 22, 2017, 02:45:07 AM
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Of course, there are many factors that play a role in bitcoin prices, one of which may be because of the high demand for bitcoin in the market by traders, as well as the role of media is also very helpful to increase popularity and bitcoin prices.
I think this is the main factor that affects bitcoin prices, next is the continuous adoption by more country which help to increase the demand of every users of bitcoin. Also the continuous advertisement in the social medial has a big help for the prices. Well most commodities are affected by supply and demand. But btc is a mined good so it could affected on the world wide price of a currency more over a dollar. If america is losing financially then it would affect everything that has its base on dollars like there own gpd. Chances are basic items will increase then it would slowly affect its price and corporations also has to adjuct there prices accordingly. Btc is controlled by people but it also has its own pump and dump but still depends on the price of dollars/ |
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469
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Economy / Service Discussion / Re: Why does "cloud mining" service work?
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on: July 22, 2017, 01:36:26 AM
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I'm not sure if that's correct but IMO it makes sense. There's ONE reason for a large mining operation to rent capacity in a customer-profitable way: Reduce negative float and let them see a return on their investment sooner. By collecting an upfront rent they get immediate cash, and the cost of getting that cash early is their profit is reduced (Shared with the people buying the contracts) ---- so they could finance a large amount of equipment and other capital costs by selling contracts, and the contract seller can go home with profit on month 2 or month 3, instead of month 12; Whereas the delay to profit is transferred to the buyer of the contract, And their profit is small....
The problem is that there is so much demand for cloud mining, and people buy these contracts without regard to profitability and risks --- that they are able to actually sell under terms where the people buying these contracts don't have enough built-in profit to make up for the risk they are taking.
In other words: Cloud mining WOULD make sense, But the demand-hype in the marketplace prevents this from happening, since there are too many other people willing to buy these mining contracts even if they will lose money --- that it is almost impossible to buy a mining contract that is likely to have high profits for you, or alternatively, that guarantees any profit or offers any protection of your investment against difficulty changes. TL;DR: Because you giving them money upfront allows them to buy more equipment to get more hashpower. They're basically taking out a loan. https://www.reddit.com/r/Bitcoin/comments/6gbf9x/cloud_mining_is_a_scam/dip4kzuhttps://www.reddit.com/r/Bitcoin/comments/6gbf9x/cloud_mining_is_a_scam/dipltwy
You need at least BTC0,5 to invest on them, make sure the contract mention about how much you get in return and how long your money return fully?So it is very advisable that newbies must read and not just risk big amounts of money to some blind investments. And from what i have observed, i have not yet seen a legit contract buyer who could really brag own how much they have earned during the period of there contract. Maybe big time contracts had some profit but it really is not a promising business for a long term unless you are the one giving out contracts. To be honest i don't want to risk cloud mining because of some security issues. |
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470
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Economy / Economics / Re: Could a country survive and maintain economic stability if it phased out cash?
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on: July 21, 2017, 10:07:40 PM
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If you mean digital currencies are crypto currencies then yes it will be disaster and there will be uncontrollable inflation and deflation, crypto currencies never meant to be created as main currency in a country because it is decentralized, making crypto currency as your country main currency can cause your country being controlled by whale
So true. A government wouldn't let the crypto control the faith of the nation. It will be a disaster if a country, how stable it is, would totally depended on crypto. One reason is the price volatility. How can a citizen do a budget for a family if the price continues to fluctuates everyday and can be manipulated by the rich and powerful. Those country would be at the mercy of those big entities which any government in the world would not want happened otherwise, a total collapse not only of their financial industry but the whole nation itself. Also, if a government wanted it could easily stop crypto from working as a currency altogether. All they need to do is block websites related to Bitcoin and everything would come crashing down. I dont see any downfall if a country fully adapts digital currency but what would really affect a country is if its infrastructures would go down or a country has no businness to conduct. It would just be another era if governments would acknowledge cryptocurrencies. Because an entity has lots of gain once it adopts btc in its core if they know how to manipulate it. We cant just block or stop cryptocurrency jusy because its a disease, we have use it as our advantage. |
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471
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Bitcoin / Development & Technical Discussion / Re: HardFork What to do
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on: July 21, 2017, 01:22:23 PM
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All you need to do is to store your BTC in a hard wallet that u can acces the private keys. don't use Coinsbase,Xapo, or any Bitcoin wallet that you cannot access your private keys. This is may result of losing your btc. Or Simply sell your Bitcoins now (2800$) price
into fiat and buy back again after segwit. I think this is like Ether price drop 40% quickly recover.
Yap and i think this is just a common style for the upcoming hardfork. We may never know whats gonna happen as it may be just be another beta for the real thing thats gonna happen. A lot may say that he price might become unpredictable and that can be true this will just be another milestone for a new change in the btc. |
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472
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Litecoin (LTC) dominate Bitcoin(BTC)
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on: July 21, 2017, 09:11:38 AM
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Bitcoin will always be number 1 in the world of crypto currency. Yes indeed, bitcoin has these flaws, but we see that bitcoin is willing to change. Attempts to create panic before August 1 have failed and this underlines the viability of bitcoin.
It is number 1 today but surely it wont last long if it stays just a mined currency. Because there are already a lot of cryptos out there that is already versatiled in its own unique ways and that also includes litecoin and others. As far as i know btc in time will become gold. It maybe vast but there are also many goods to be mined there like coal and oil or any other minerals. So today btc may be number 1 but in time it may decrease in interests. |
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473
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Economy / Service Discussion / Re: New Android Bittrex App for mobile Devices
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on: July 15, 2017, 06:19:11 AM
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I see no source code and no support from bittrex. Even if you'd trying to help the community, which I doubt, this isn't the way to go about it.
Yap it could be hard to make an android app but i am not desperate to have it and if its just bogus then its not worth it |
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474
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Bitcoin / Bitcoin Discussion / Re: Bitcoin finally legal in India
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on: July 15, 2017, 05:38:46 AM
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"Suddenly, Bitcoin to Be Officially Legal in India" posted Jule 20, 2017 https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-indiaBitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures ( https://veratad.com/solutions/identity-verification/) in place. These areas will now fall under government regulation. Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild. "In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin." How can this article be posted on "Jule 20,2017"?Today is July 15.You should change this OP. I think u read it wrong. It said "Jun" in the byline. And bitcoin is a growing economy so there may be countries that are accepting btc but there are also countries that is trying to make there own blockchain for there altcoins. |
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476
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Economy / Economics / Re: Long term argument for bitcoin
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on: July 06, 2017, 06:50:00 PM
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Not sure if you are aware of this either, but a lot of the hype recently is generated from ICOs which are designed to benefit the founders and the core team of an altcoin. The fact that altcoins are for-profit and bitcoin is not, makes a huge difference as well. No matter how advanced the technology is, people will always only need bitcoin. These are all arguments as to why you should hold btc instead of alts in the long term. People thought litecoins were a good long term bet, they thought namecoin and peercoin were groundbreaking as well, but ultimately they all fell Litecoins still seem to be a good bet Especially if things go decisively wrong for Bitcoin (which is far from being completely impossible). Aside from that, I can't agree that "people will always only need bitcoin", no matter what. As to me, it is not so much about technology (the same Litecoin is already more advanced than Bitcoin), as about profits. People will need Bitcoin only as long as it continues to bring profits in the long run. If it fails and some other coin fills the void (i.e. starts to consistently bring more profits than Bitcoin), folks will quickly forget about Bitcoin. Don't get delusional about that And frankly btc is great but it has also served as the starting grounds for any cryptocurrencies out there. Lets face it everyday we are advancing specially technology. We cant simple avoid some facts that btc will not always be number 1 but creators of btc will always have the upper hand. Its not the technology thats gonna make it famous but the creators themselves. Lets not just focus on creation, try knowing the creators first for smarter approaches towards anything. |
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477
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Economy / Speculation / Re: If I buy just 5 bitcoin today 2500$, Next 5 years bitcoin will be 15000$
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on: July 06, 2017, 02:46:53 PM
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High risk, High rewards as they say. If you feel like you will gain a huge profit by doing this then go,if not, and you doubt it will happen, try to read articles about bitcoin that its price will continue to scale. Reading these kinds of articles will surely remove your doubt and make you feel confident with your investment.
Well seems like 5 years is too long to wait for the oppurtunity to profit. Because if we think about it, many things could happen in that 5 years and its not easy to just idle money somewhere that may not be safe at all. Chances are you'd gonna need cash during financial crisis because its not always that btc will be at the top. Also a lot of good altcoins with good uses are becoming famous lately. So probably there might be some adoptations of bitcoin that can become more utilized than the btc itself. Fo me, i could wait a year but 5 years is just too much blind hope. |
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478
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Economy / Trading Discussion / Re: What are best sources to learn trading
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on: July 06, 2017, 05:21:20 AM
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The best sources to learn trading is the trading site itself. Yes, you can signup now and start trading in small amount. You can stay in an exchange site like Poloniex,bittrex,liqui,yobit and learn the market movement. You make your first buy, first order and even lose but the experience in great that you will remember in your lifetime.As you progress, all what you've done will sink in. Also there is google for any question you have about trading.
Also chances are if you ask anyone, pobably there perspective would not be the same as yours. It is good to read others insights on trading but it still to experience it yourself. It would be more hurtful if you followed someone and you fail. Commom mistake sometimes is depending too much on others's speculations. Better learn in a complex way then do it the simple way. |
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479
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Bitcoin / Bitcoin Discussion / Re: Where is it safe to store money?
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on: July 06, 2017, 03:25:37 AM
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I keep my bitcoins in my wallet , Electrum and so far I have not encountered any problem with it. If you leave your coins in online wallets or exchanges there is always a risk to them, exchanges may get hacked while online wallets maybe attacked and flooded with DDOS.
that is what i also have the same case. i am also using onlne wallet for my bitcoins and for every time i really found it reliable and never feel any risk there. therefore i will like to continue with the same point. i also like to store my bitcoin mostly in my online wallet , but in fact for security reason i have distributed my bitcoins in different wallet so that now one can take my all bitcoin in one time. Yeah same as you. Don't want to put all my eggs in one basket so I distributed my coins in like 4 to 5 different wallets. Better be sure than sorry. My distribution depends on my necessity like one wallet for my everyday transactions and some are for safe keeping and savings. Well as i learned through time i store my money offline and there is a pump or dump thats the only time i will use exchange sites. Then after trade i will send it back to my offline wallet. And probably i do small trades so no worries for me. So different stories for big time traders. I do sometimes encounter cons of exchange sites but i think that is just normal amd it is one of its purpose. So its a risk that everyone can take but not all can benefit from it. |
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480
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Economy / Economics / Re: Is bitcoin a good way to invest your money ?
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on: July 06, 2017, 01:21:03 AM
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
Yes,its the best source for earning huge profit today.Bitcoin price almost tripled in last six months and we could not expect any other asset or investment to give such a huge return.Not even in stock market.So,bitcoin is the best choice for investors who wish high returns and at the same time expect their investment to be safe and secure. Bitcoin is a good source but i don't guarantee it to everyone. Because there are times only smart people who are indulged in cryptocurrency can make huge amount of profits. Anyone can make profit but not all can make big incomes. But everyone is the same when it comes to doing risks. Not just investing in bitcoin but they can also invest in other cryptocurrency because the only common skill in trading here is reading. |
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