Yes, this is actually one of the interesting features of bitcoin. As far as I know if a wallet file is permanently deleted/overwritten and there are no remaining copies, or if the physical media (hard drive, flash drive, etc.) that the file resides on is damaged beyond repair there is no way to recover those BTC. Obviously this an unfavorable event for whoever owned the BTC but is actually a good thing for all other BTC owners who still have access to their private keys because it means fewer BTC in circulation overall. With all other factors being equal, fewer BTC in circulation will mean a higher value per BTC.
This is exactly as satoshi saw this topic himself, he said that if someone lost his coins we must see this as a small contribution to the value of our coins, to some this is a problem and they have tried to propose ideas to recover that bitcoin but I think that is a mistake since most of the solutions proposed go against what bitcoin is about and as such should not be implemented. |
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Any word of encouragement? I think it’s normal to be worried some but don’t be so nervous of things that might be solve when patiently waiting. As the price now at 4200$ to 4300$ the margin to profit is nearly coming after more days or weeks. So take a deep breath and relax and don’t look much on that chart, it is better to just put an alert on your mobile if the price already reached 4600$ to get even or to wait more to get a profit. Bitcoin is a rick investment but if you handle it with confidence it will be as easy as you think it is. Even no need to worry about 4600$, because bitcoin price is now already trading very close to it, and very soon may be in next few days bitcoin will easily cross that level. but you should not sell your bitcoin you need to hold it for the some more time because bitcoin will surely give you a good profit after some time, because there are more expectation that in near future the price of bitcoin will cross 7000$ very soon. I think Op is not as patience enough as we think, that’s why it is impossible for him to HODL and wait for more days or weeks even there is always a big chance to profits as you said a 7000$ or more than I think in the future. I advice first Op that he need first to understand and research how bitcoin history and what are the factors it become popular right now. This is the most important thing he must first considered. Learning before earning is a must. I think this is an accurate description of what it is happening but I will add that when I bought my first bitcoin the price was nothing like what we are seeing right now, so my investment was a lot smaller compared to the investment of the OP, and that is without taking into account that I checked the charts before buying and I choose to buy in a moment bitcoin was getting down, so after a few days I was in positive territory. |
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Hi lads,
Dbix received 850k $ investment and in addition to the blockchain, ArabianChain has created what could be the Middle East’s first digital currency, DBIX, which has the potential to become a foundation of digital commerce in the Arab World.
in short arabs control money in the real world why they would not in the blockchain technology so this is a once in a lifetime opportunity lads with only 6 mil $ cap my first target is x10 from actual price which it tested 3 months ago.it was 0.018 sats on 7 june.now it is 0.001 at dip.
do not miss this real opportunity.
also search for it on twitter big names offer it search $dbix
regards
Do not get me wrong, but Arabic Ethereum? We had Chinese Ethereum, what it is going to happen next, Australian Ethereum, Finland Ethereum, we need to be serious, if the only thing this coin offers is where it comes from then it is going to fail it is that simple, a coin needs a lot more than a sense of belonging with its investors, it needs new ideas and not to be another copycat coin. |
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That would be great for long-term holder, otherwise there will be a dump right after every payout.
A dump after every payout? That would be amazing. I can't wait if that is really happening. Knowing that the price will raise right before every payout, it would be a great way to make a large sum of money. If the token loses only 10% of it's value, and recovers later, huge profits can be made by buying after the payout, and selling them just before every payout. That would indeed be amazing, imagine getting dividends on your tokens, and then being able to use those dividends to buy up even more tokens right after that at cheap prices. I would even say this would potentially multiply your tokens (and therefore, dividends) after 4 quarters if it really dumped like that. Let's assume 10% dividends, let's assume 20% price decrease at the dump. If I buy with all dividends, I increase holdings by 15% (reinvest). Keep doing that after 4 cycles and I have 75% more holdings. Bring the dump on! The problem is that if everyone does that then there is not going to be a dump in the price of the tokens since everyone will have money in hand in order to buy more tokens, so I think it is even possible that after the payment of your dividends the price goes up instead since the continued and increased payments are going to give people even more confidence that their dividend payments are going to increase as the BitDice casino expands its operations. |
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Isnt the internet already decentralised? Nobody owns the internet now right i'm not understanding  No, the internet is just big servers owned by a few companies very similar to what happens to the economic system, shift wants to make the internet truly decentralized, I know that is kind of a shock many people think of the internet as something decentralized but that is completely incorrect, besides on top of that you have companies like Google and facebook that centralize information even more. |
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I would try to diversify my portfolio, you could buy some bitcoin and some good altcoins (LTC, ETH, XMR)
Maybe you could split it 60% in BTC and the other 40% in altcoins
Diversifying your investments, really? With 50 bucks? If that is what he has to invest that is fine but if he wants to get profits investing in big coins is a waste of time, he needs to find an ico or a coin with a very low price that may skyrocket and even in that circumstance the profits are not going to be that great, if he gets 10000% that will only be 5000 dollars in his pocket. |
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Many thanks to everyone for their answers, friends. my nerves were so bad, but you are very supportive in this regard. I havent for the moment considered the idea of being involved in any project. I went completely into standby mode. I think I can wait for about 2 months. we will make an assessment again afterwards. I had been in such a crisis before, but then I stayed in the usdt and afterwards I made good purchases before the market rised up. Now it 's time to wait a little longer.thank you very much again to everyone.
OP, the way I see it, the whole thing depends on your emotions. And that is affecting your decisions on business. Take that out and you will be fine on trades. You can also invest part of the 50 Ether into a cryptocurrency platform and program that fetches you daily interest as residual income. If you wonder what that is, it is the bitconnect coin program. Check it up on CMC. Letting your emotions take control is a complete mistake especially when we are talking about trading, if you let panic take control, you are going to sell for a bad price and lose money, and if you let greed take control then you are going to buy when the price is already very high, and you are going to lose in that circumstance as well, so we must trade not only when we see a real opportunity to make money but also when we are emotionally stable and not influenced by our emotions. |
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Better yet just keep your job. We never know what will bitcoin be for the long run. The better strategy her is to keep your job and do bitcoins on the sideline or as a side job. Make it as an investment where you just need to only use what is spare to your budget as of the moment. Play in only what you can afford to lose not your whole life savings. Save for rainy days as the wise men say for rainy days may come to the very unexpected time.
Exactly, while I truly believe I bitcoin we never know what it may happen, what if bitcoin disappears and you had all your savings in bitcoin you are going to lose all the time you had invested in earning that bitcoin, so it is better to avoid that and have a regular job that way if bitcoin disappears you still have a job that can pay for all your expenses. |
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for now it looks like it's still not applicable, but we do not know how it's going forward, maybe when Bitcoin has gotten the legality, maybe at that time the tax is valid ..
It is applicable, what happens is that if your earnings are small then no one is going to care or even bother to try to get taxes of such a low amount of money but once we are talking about a lot of money governments are going to start inquiring you where you got that money and why you have not paid tax at all, remember Al Capone the famous criminal was not arrested by murder or anything like that, he was put in prison for tax evasion. |
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look, what happened to Bitcoin since they banned Bitcoin initially the price dropped but now its price has gone up again, community lovers Bitcoin pretty strong so even though there is one country that Bitcoin banned is okay, do not be afraid ..
I guess the prices recovered as the Chinese users moved their coins to other exchanges (especially those in South Korea and Japan). In the end only the Chinese government is going to lose. They will lose tax money and employment opportunities to South Korea. This happen every time there is a regulation of a market in a coutry, governments apply laws to try to get taxes and get a greater degree of control over their citizens, but now we have the option to move our money all around the world, so if they are going to take that posture people are simply going to move their funds elsewhere, that happens everywhere if you want to open a business but your country has heavy regulations, you may decide to open that business in another country, people are going to choose whatever benefits them the most. |
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You have to look at the market capitalization. It is a good indicator whether the coin can go x10 or x100. If the market cap is relatively low there could be a huge rise, but if the market cap is already high, then it's unlikely it will x10 or x100. In my opinion coins with more than $ 1 bln market cap won't be able to 10x in short term. There might be exceptions.
There are not many coins with a market cap above 1 billion dollars anyway, in my opinion if someone is looking for a coin that could go 100 times in price then we need to look at coins with a market capitalization below 10 million dollars, anything above that will have a lot of trouble reaching that exponential growth that we are looking for but some may find a lot easier to find 10x coins. |
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I've been talking about Bitcoin to family, friends and random people for years and nobody seemed to mind when BTC was under $1000. But now that Bitcoin has reached $2000, people are starting to realize that owning 1 BTC is beginning to be out of reach for the average person.
I've had more people ask me about Bitcoin lately and wanted help buying Bitcoins. What about you?
I am keeping it secret as I want to accumulate as many as I can No need to kept it a secret the fact that you share that information is not going to change much in the long term, besides even if you teach people about bitcoin that does not mean they are going to earn bitcoin, most of them will have to buy it since they have no idea about how to earn money online, and even if they knew how, most people are lazy and will prefer to buy bitcoin over earning bitcoin. |
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Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?
If China wants to get out of this revolution instead of being the leader as it currently is then they can do it, bitcoin does not force anyone to use it, but if they do that, they are going to lose the opportunity they have been waiting of debunking the US dollar from being the top currency of the world, it seems the Chinese government has decided to keep their power on their country over having a larger base of power on the whole world. The future will be much brighter than this as long as China, Japan or USA don't ban bitcoin permanently. The community keeps growing and this is amazing to see the progress of bitcoin eventually. I will find it very weird if countries like Japan or the US banned bitcoin, Japan has taken the opposite route and they are in fact legalizing bitcoin so it will be very weird if theed did a 180 degrees turn, I think in the US they are going to be very careful about banning bitcoin since their citizens are very susceptible to any ban, however China is a different story since that is a communist and authoritative country. |
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$4600 bitcoin for your 1st buy is not really good. When the price dump until $3500 maybe would be better for you to buy. I think you are too excited to have bitcoin in that day. Today bitcoin is lower than $4600 which is really not good for you. Try to wait until end of the year.
Even if you do not consider yourself a trader buying bitcoin with the intention of selling it later is the act of a trader and as such we must make an afford to learn the very basics of trading before our purchases, because something like what we are seeing may happen, you buy near the top of the bubble and now you are going to be in the red for a long time. Honestly, this is quite frustrating as you buy in really high price and now you're dealing in what you might lose. As we seen bitcoin fall to $3000 within this month from $4600 and until now we're slowly hovering. But buddy if you trust bitcoin enough you'll hold tight to it. Yeah if that will happen to me I can't have a good sleep but what's done is done and we should just move on and wait to have a good profit. Just trust and it'll happen. I never made that mistake but it is not like I’m perfect or anything I understand why people make that mistake, they see the price of bitcoin growing everyday and they think they need to get in now or they are going to miss on the easy profits, but once you trade based on feelings and not based on the math then you are a lot more susceptible to make mistakes like the OP, but if he truly believes in bitcoin holding is the only choice he has. |
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It depends on which wallet you use and which security measures you take.
Keep in mind web wallets are the most likely to be cracked... they can crack your wallet password, your email password (and then access to your wallet) or even web wallet servers, so avoid to use web wallets/exchanges if you wanna be safe with your money!
Correct, the less surface of attack that you offer to your opponents the better, when you use a web wallet the hackers have a lot of ways to get to your bitcoin but if you use your own desktop wallet in cold storage the chance of hackers of stealing that bitcoin are way lower since they will need to have physical access to your house in order to steal your bitcoin. |
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I am new and jumped all in...what I lack is exit strategy.
Not a full EXIT but to secure some of your "gains" to real earnings. OR...where/how to convert to cash when you expect a major dive so you can re-purchase when it is low.
Anyone have good tips when and how you do it?
I've kept my assets 100% crypto for the most part. I have been wary of linking bank accounts and paypal to anything I do that is Crypto-related. To that end I have just switched back and forth from CoinX to BTC when needed. This is changing though because staking coins are going to be a large part of the future of Crypto and I am accumulating good staking coins and at some point I will redirect the stakes into BTC or some other coin. Correct, unless I was a early investor and had thousands of coins I will not be planning my exist strategy at this time, since I still do not have a lot of bitcoin I’m in my hoarder stage, where every single satoshi is being saved for the future, once I get enough I may spend a little but I’m only going to sell once I got enough bitcoin to change my life. |
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If some people has lots of bitcoin in their offline wallets and they die or lose memory.
Then those coins will be out of circulation right? Or is there any way to recover them?
That depends on where is your private key and seed words, this is why it has been recommended many times in the forum that you should keep a copy of your seed words and private key, if you only lose your memory you will be able to access your coins that way but if you die you need to leave instructions to your family members about how to retrieve those coins. |
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I think DASH is an incredibly risky investment. For the most part it looks like a pyramid scheme. I have no doubt it will be regulated into oblivion one day. Imagine paying taxes on a masternode, paying dividend taxes on you PoS, making a ledger of all your trades or purchases. It's going to be a nightmare of bureaucracy. Until then its probably one of the best pyramid schemes in the world.
I think you are misunderstanding, DASH is a coin for those that have privacy and anonymity in first place of the things they want in a cryptocurrency, so even if governments tried to make them comply to their demands they are never going to do it, they are going to keep doing their thing no matter what governments say, so regulations are useless against DASH. |
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Is this exchange from China ? See many exchange has been closed by china goverment
it is an international exchange with servers based in South Korea and Japan. They also have office(s) in Tokyo. the business is based in hong kong and not under chinese law. discussed 1000 times... so no, the are not closing. binance is already #6 of all exchanges in trading volume. more than poloniex.. its inreasing with every new coin added. expect it to be one of the top exchanges and bnb at 2-5$ soon. note: Binance whitepaper: "Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back." expect first burning this month. I can't magine the volume on Binance when China's restrictions over. Of course also the value of BNB tokens  You are being too positive, what makes you think that the China’s restrictions are going to be over? Just because they said so, governments lie all the time, they introduce laws and taxes with the excuse is a temporary thing and we never see the end of it, if anything it is very possible that the restrictions get even harder, that is no something that I wish but the possibility is there. |
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i have 2 questions hope i can get answer:
1.- How often will the profit sharing be made?
2.- Will you take into account the time we take holding the positions or only the number of tokens we have?
thanks!!
Although I am not related to bitdice (except for holding tokens  ), I can answer these questions. 1. Payouts will be made 4 times each year. I am not 100% sure when the first payout will be, but I thought it would be early January. 2. No, how long someone possesses the tokens will not be taken in account. If you aquiered the tokens the day before the payout, you're receiving exactely the same amount as someone who has been holding them for 2 months. Those two points are gold for traders and speculators, since that is the case then that means that in the days before the payment of dividends there are going to be people that will want to get in and buy those tokens, in return most holders are not going to want to sell their tokens with the date so close to the next payment, and when there is big demand an low supply the prices have a tendency to go up so there are going to be very interesting opportunities there for smart traders to figure out how to make money in such a market. |
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