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1341  Economy / Trading Discussion / Re: Beyond bitcoin on: March 11, 2018, 12:29:17 PM
The encryption monetary fund founder and virtual currency veteran investor George dong said, while the currency is still maintained a bull trend, but in other virtual currencies there are still a lot of opportunities, some of them even unknown.

George dong says there must be a cryptocurrency in the next three to five years that can outperform bitcoin.

The market value and price of cryptocurrency have also changed dramatically with the increasing number of cryptocurrency participants.

Which currency do you think will surpass bitcoin in the future?
Well the most obvious next cryptocurrency that can surpass bitcoin in the future might be none other than ethereum, with ethereum having constant development and it supporting developers by having an open source code letting them create tokens, in the past few months the ethereum bases ICOs have raised millions of dollars proving that it is a very successful business model, and with it becoming more and more popular I am sure that more investments will be pushed into this market, and we might see it surpass bitcoin in market capital.
1342  Economy / Trading Discussion / Re: Anonymous exchanges? on: March 11, 2018, 11:45:06 AM
What reliable exchanges are there which do not require to submit personal information?

I have a few altcoin (clam, bch, btg) which I want to exchange into Bitcoin, but I don't want to give out my data.

I'm not looking to convert to fiat, just between the coins.

Any suggestions? It doesn't have to be a full blown trading site, just a fair and quick exchange.

I would highly recommend Poloniex, i have been using it for a long time and by far it is the best one of all the exchange sites out there, not only it supports a lot of coins from newly released ones to the popular currencies, but it allows you to exchange between them with the lowest fee, so you can do your trading at anytime, as for the anonymoity you don't need to submit any personal information, you can make an account deposit your btc and start exchanging.
1343  Bitcoin / Development & Technical Discussion / Re: When Will The Lightning Network Technology Be Ready? on: March 11, 2018, 10:42:40 AM
It was said that the Lightning is still in beta, no hard date for deadline and will be ready this year. Is there anyone who know exactly when it going to be?

No none has any exact date on when it be released, the lightning network is based on trust kind of like smart contracts where users are connected to each other via paymment channels, means it connects you to another person who you are trying to send funds to it through other people who are connected to that user, so if there is no direct link to the destination your trnasaction would be refunded, as you can imagine this is a whole new concept that neeeds a lot of work and experiment before it is released to the public to make sure that is flawless, and not releasing an exact date is a way to avoid people getting hyped up and than dissapointed just like what happend woth segwit.
1344  Economy / Economics / Re: if bitcoin cant scale how does it reach 1 million in 2020? on: March 11, 2018, 09:50:35 AM
if bitcoin can not scale if alot of transaction is taking place, how would it reach to 1 million predicted by mcafee? mcafee talks about mining cost and limited supply of bitcoin. forgot what else he says. but if bitcoin can not scale. would it reach to 1 million? lets say alot of merchants are taking bitcoin but it have gotten slow like a bank. is it as useful now?
Last year's massive jump in bitcoin's price lead to it becoming more popular than ever, which lead to a high traffic in the blockchain network, so miner fees were high and transactions were stuck for days to be confirmed, and this has made a lot of people question the sacalibility of bitcoin and how it will adapt to the massive flow of poeple and transactions in the future, and that is where the segwit fork came from, it was trying to aim to reduce the size of the transaction to make more of them fit into one block, so they can reduce transaction time and miner fees, it was supposed to launch in 28 of august, which a  lot of wallet providers siad that they will support it, but it was canceled and than said they will relaunch it with a differnet team in december and it did, but most of the online wallets like coinbase and blockchain don't support.
1345  Economy / Economics / Re: Would you still use bitcoins if the price would be stable? on: March 10, 2018, 11:33:43 PM
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).

So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?

Obviously a lot of poeple are here in for the moeny, and i can't blame them, ever since the price started going up people stopped spending and just holding it in pursuite for more moeny, but this not what bitcoin was created for, it was not created to be used like gold to just buyj and hold it, it is a cryptocurrency means its sould pourpouse is to be used for transaction between people, and we have completly changed that, if we want for bitcoin to go any further and be accepted it should have a stable price.
1346  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency in its infancy stage? on: March 10, 2018, 11:12:17 PM
Hi guys do you really think cryptocurrency, blockchain technology is in its developing, and adopting stage? Do you think too that in the future internet will be based in blockchain and cryptocurrency will be use in our daily life?
There is no doubt about thatn cryptocurrency could and will be used in our lives as a payment method, the reson why it is still not being widly used is because it is still somthing new, and people are still not sure wethere they should invest in it or not, because it is not a solid thing and it could go down at any time, as for the blockchain technology it is somthing that i hear is being expermentied with, in many sectors not in just currency, and i am sure with further developmment we will see it as a big thing in the future.
1347  Alternate cryptocurrencies / Altcoin Discussion / Re: The future of Ethereum on: March 10, 2018, 10:47:32 PM
Hi friends. I believe that the most promising project of the cryptocurrency market is Ethereum. Only around him I see a lot of work and constant news, for example here today - V. Buterin presents a solution for scaling the Plasma system for Ethereum.
And I plan to completely switch to this cryptocurrency. Maybe I'm wrong.
What say...
Well of course, not only etehreum in it self is seeing so many development and investments, but probably most of the ICO are etehreum based projects and we all of all people have seen how many of these have been released and raised million and millions of dollars, they became so popualr in a very short amount of time and this only proves how cryptocurrency and etehreum to be specific can bring somthing new to the investment market, and i am pretty sure that many have their eyes on it and i am also sure that we are going to see more of it in the future.
1348  Alternate cryptocurrencies / Altcoin Discussion / Re: Big budget versus Great idea. Who eventually wins? on: March 10, 2018, 10:28:45 PM
Hello people,

So my question is: why a project with a mediocre idea but with a bigger budget is likely to have more successful future than the project with a great idea but with a low budget?

How do you see this?
Well its easy, the lower budget project won't be able to stand in the market too long, because it will need advertisment and a lot of work in order to start getting profit from it, which can take a lot of time, bigger budget means more time so higher chances of getting any profit, but that does not mean that it is all about the money, you could have a lower budget but you work smart and know what you are doing so your project becomes successful.
1349  Bitcoin / Bitcoin Discussion / Re: Will the government ban bitcoin? on: March 10, 2018, 10:00:23 PM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
It doesn't matter wethere govermments ban bitcion or not, its not like they have control over the netowrk and can block trnasaction and so not, using bitcoin is anonymous which means they will never know wich country or who is sending or reciving all is hidden behiend the bitcoin address that people use, and this is a well known thing to all bitcoin users, govermments relize this they relize that they can't prevent people from using it, so they can either ignore it or accept it and use it to their advantage just like what happend in germany.
1350  Bitcoin / Bitcoin Discussion / Re: At what point does mining stop? on: March 10, 2018, 09:36:43 PM
With the price plummeting I am wondering at what price will Bitcoin not be profitable to mine anymore? What is the break-even point?
What happens when the price is so low that it costs the miners more to mine BTC than it rewards them? What happens if they pull the plug? BTC is dead then?
Well no, the bitcoin mining is always going to be profitable no matter what the price is , the block  mining time and the difficulty are always chaning in order to adapt to the number of miners that are mining bitcoin, so if the bitcoin price goes down so is the mining time so means it will cost less to mine bitcoin, so as long as there is electricity and pople trying to mine even with their GPU's there will always be profit from bitcoin mining.
1351  Bitcoin / Development & Technical Discussion / Re: What's the situation with Bitcoins privacy/anonymity? on: March 10, 2018, 09:18:58 PM
So yeah i've read some things about confidentional transactions to enhance privacy in Bitcoin, but i don't really know what it means.

Will Bitcoin enable anonymous transactions&addresses? So you could have an address and nobody knows how much Bitcoins you have/nobody can see your transactions/worth of transactions...?

What level of privacy/anonymity will these implementations provide?
The real question is why ?, the whole ida behiend using the blockchain netowrk is that every transactions is veriefied and made public, it is how the system works, while the transaction information are public, the users are still anonymous because they are hidden behiend their bitcoin address and not their personal information, i don't think that anonymous addreess and transactions would exist because they would still need to be verified by miners.
1352  Bitcoin / Development & Technical Discussion / Re: Bitcoin wallet and bitcoin segwit wallet on: March 10, 2018, 07:56:29 PM
Im thinking if i need to change my wallet to a btc wallet with a segwit.
Whats the difference between btc wallet and btc wallet with segwit? Is it possible to transfer btc from my btc wallet to btc segwit wallet? Is it better to use the wallet with segwit?
Yes you are able to switch to using segwit enabled wallet and send your bitcoin to it, but it will cost you some fees, because of big centrelized wallet services like Coinbase and Blockchain who have not yet supported it, switching from them to a segwit wallet will come at a cost, your transactions may have lower transaction time and lower fees, but you are going have to buy a harware wallet like LegerNano S or Trezor who supports this technology.
1353  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Exchange? on: March 10, 2018, 03:12:00 PM
I have accounts on about 6 or 7 exchanges, and mostly use either Binance and Bittrex (more recently I've started using Kucoin too). From searching around, I like the look of Huobi, seems to get quite a lot of the new coins and has decent volume, plus seems reasonably trustworthy. Are there any other exchanges worth looking at for trading lower marketcap coins that have decent liquidity? Went off Bittrex a bit, they seem to have a hard on for de-listing coins. Not looking to day-trade, but maybe swing trade. Bought into the ICO of Cobinhood and have done a few trades on there, but still not great volume.
Personally I recommend using Poloniex, this is by far the best exchange site that I have used between all those that exists out there,not only it has the lowest exchange fees, but also it has a wide vraity of  coins to exchange from bitcoin to newly released coins, the only bad thing is that it doesn't have an app on android only on IOS so I only use it on PC
1354  Economy / Economics / Re: What do you believe is needed for crypto currencies to be mass adopted? on: March 09, 2018, 11:56:42 PM
We at Quantum1Net believes what needed is higher amount of data transaction and speed, lower power consumption and stronger security.
https://github.com/quantum1net/Documents
Other than that, what do you think?
Probably the most needed thing for cryptocurrency to become accepted and adopted as a pyament method in almost every country, it would have to be the constant and unstable price, because think about it for a minute, if you buy somthing worth 10$ right now tomorow it might become 15$, and the same goes if you are selling somthing for cryptocurrency, it won't be profitable for all members of a trade that is why most of the crypto and bitcoin owners don't use them for buying stuff they just hold it.
1355  Bitcoin / Bitcoin Discussion / Re: PLAYSTORE and APPSTORE!! on: March 09, 2018, 09:28:37 PM
We are into gadgets, most of the people are addict on it.
We spent more of our vacant time facing our Cellphones and Ipads.

Playing games and downloading some apps on the store require payments, Is this the best time for those stores to open their payment method with cryptocurrency specially Bitcoin?

I can defently seee google and aaple starting to accept bitcoin as a payment method to pay for differnet appps and games on their platform, steam already started accepting bitcoin a long time ago for games on pc, and right now with the transaction's fee gowing down it will be only a matter of time before we see more and more investments being pushed into the bitcoin market.
1356  Bitcoin / Bitcoin Discussion / Re: 2017 the best year for bitcoin and 2018 the worst ?? on: March 09, 2018, 04:01:07 PM
Alredy approx 2 and a half month gone this year and just see again and again bitcoin going down.Every time i think now its gonna rise it just falls again..and after seeing last 12 hours it gone down 12-14% again now i am started to get worried a little.
This never happened with bitcoin since i am into it..i goes down for a month but when it rised it just created new recordes..but this year bitcoin for some reasons is just not able to gain any kind of momentum...we saw in 2017 huge rise..bitcoin getting 10 times within 6 months i think..but now i am seeing something which i have not seen with bitcoin in the past...
i am buying more thinking the price is down and its a good time to buy..but then it goes down even further... Angry
Whats you opinion guys ??
Well we are still only at the begining of the year, and we can't really judge the whole year from what happen in the first 3 months, it may be true that bitcoin have never fallen this way before and it is not the best results comparing to last year, but bitcoin has never reached this price before last year at this time bitcoin was 900$ now its 9000$, the price is always going to change and the past at which rises could change, last year it went from 1000 to 2000 in 4 months, than after it went up to 6000 in 2 months, and than within a month it was past 10k, the bitcoin market is full of suprises and really unpredictibale, you just have to adapt to the situation .
1357  Economy / Trading Discussion / Re: How to handle tough times in cryptocurrency? on: March 08, 2018, 11:33:49 PM
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?

The only thing that we can do now is hold and wait, that is the wisest solution, because think of it, if you sell now and try to cut your loses than you are actually going to lose, but if you accept your faith and just be paitent and hold than eventually the price will go up agin and you will get your profit back, the whole market requires paitience and the ability to adapt to the situation, if can't handle a little lose its not for you.
1358  Alternate cryptocurrencies / Altcoin Discussion / Re: Who Agrees with Me? on: March 08, 2018, 09:29:00 PM
So I started noticing a pattern.
Everytime the market goes to the moon, the down trend lasts for a several weeks. Meaning, only when Bitcoin it's going to be at it's highest, the altcoins are going to be at the lowest point.
Then, the money from Bitcoin will start going to the Altcoins, making them going up even more.

Have you noticed the same thing?
No not really, i mean if you look at the charts you will notice that bitcoin and alts move the same way, take a look now for exemple bitcoin is in the red and so as all the other coins, and this also applies for going up, see this the thing about cryptocurrency in general you can't really explain or predict how the prices are going to change because they are not affects by one event, they are not controlled by some goverment or bank, they are affected by many factors and events, all we can do i be ready.
1359  Economy / Economics / Re: Private Coins from banks and governments on: March 08, 2018, 08:53:06 PM
Do you think that banks, governments and investment companies such as Goldman Sachs, JP Morgan and other will try to replace the decentralised coins and try to lure their clients to invest into their own private blockchains? What can be done to prevent that?
This is an inevitable thing, and it is bound to happen sooner rather than later, as the cryptocurrencies are slowly making their way into the market and more and more investments being pushed toward this new kind of deal, such as ICOS which have proven to be a popular and a succeful bussines model, it will be no suprise that big companies will start implementing and coming with ideas to get more profit, and i don't think that this will be a bad thing, quite the oppiste because it will make lives much easier and will prove our point as a community that cryptocurrency is more than just investments and profit.
1360  Economy / Economics / Re: Why price is volatile if amount of bitcoin doesn't decrease? on: March 08, 2018, 08:33:42 PM
Hi guys!

So the other day I was wondering why the price is so extremely volatile even though the amount of bitcoin do not actually decrease?

I understand the whole thing with supply and demand, but shouldn't the fact that the total amount of BTC is circulation is limited constantly boost the price up or keep it stable?

For example with the last dip to 6k it is said that the whale was selling huge amounts of bitcoin, which made it go down. Alright, but if he sold it, doesn't it mean that someone else just hold it now?And if yes, why the price is sliding?

I know that I am missing some crucial point. Will be glad to hear you out on this one.
It is true that the total amount of bitcoin is not decrasing, but the amount of bitcoin being sent and recevied is what actaully determines the price, even though in theroy poeple holding bitcoin will eventually boost the price up but things like investments and politics are the ones that affect the demand which by its turn effects the supply circulating, right now most of the investments made withing the cryptocurrency market are mostly dominated by ICOs so the demand on bitcoin has gone down from what it used to be couple of months agao, and i think that impacts the price.
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