Basing on the market today bitcoin is dumping hard and also the alt coins. I guess without bitcoin the other coins will be gone too. What do you think?
It will then be on the basis of how bitcoin went down in the first place because that will go a long way to determine the survival of other coins. If its the enactment of certain laws where other countries goes along with it, then there won't be any exception to whether it's bitcoin or other coins just like the ban on crypto currencies on Facebook that broke some days back. It involved all of cryptos. On the other hand, they might survive just like when bitcoin was falling and ETH and Ripple were still holding forth it means if it continues, those other could still survive. Another is if there is a discovery of a security flaw just like the one of Electrum few weeks back and it was not arrested or the casualties was more than necessary then other coins might survive but they would feel the heat. Aside that their fate is tied to bitcoin. |
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Sorry, in time when nobody answer - rate is going down and I change from 10000 on 9000 USD/BTC.I have 3918$ skrill and I want buy BTC with 9000 USD/BTC rate! I want exchange all at once with escrow from list here: https://bitcointalk.org/index.php?topic=855778.0or via localbitcoin platform: https://localbitcoins.com/ad/678181My skrill funds legal, account verified with passport, address and can prove it. My PM have limitation on two answers per day. For fast contact please write your skype, viber, telegram or email. Write me in PM if you accept exchange only via escrow PM from this site or my localbitcoin ad! Escrows via skype, viber, telegram or email - unacceptable. Rather than waiting to go this route of yours I think you are better of at trying other means to get your exchange done because timing importance aside the one day delay that has happened to this, you are looking at additional time it will take to set up an escrow that might be busy with other things and even not available due to differences in time zone. Since you have the funds, you can try paxful because there is an option to use skrill to purchase btc and they have their own inbuilt escrow system that is always timely. Another is to convert your l skrill to fiat then buy on exchange sites with that, you get it ASAP and even at a reduced price than what you are currently offering since price has dropped slightly from then. My opinion though. |
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To get a perfect clue of what is going on, I think the IRS needs to do more in providing case studies on how to go about this dicey areas of the law or maybe some tax professionals should have come out with publications on specific treatments. Over here, when the law is not straight forward on certain aspects of tax, there are reports by organisations, publications, and even forums where organized by the big 4 accounting firms where such issues are being discussed and a communique is issued at the end that is relied upon until the tax authority do the right thing.
The fact is, the drafters of the law themselves are yet to have an idea on how to go about it but what they are after is to have some sections of the law to rely upon when prosecuting people for tax evasion.
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Risks are inherent or always there whenever we talked about investment especially Bitcoin and the whole cryptocurrency community. But how do you deal with these risks? What are your experiences or even techniques in managing risks? In minimizing risks or even eliminating it?
First know that the risk cannot be eliminated no matter how much planning and strategy you want to apply because you don't determine the price neither does it obey you. In mitigating against the risk in addition to what others have done although it might look difficult in keeping to those steps one thing is key BE RESPONSIBLE FOR YOUR DECISION. Don't take any decision because everyone is taking that decision neither be discouraged from taking that decision because people are saying not to. The ultimate outcome will be borne by you. When price was $10000 a lot of people would have wanted to sell then enter later but because of what they see on the forum about someone giving analysis that price would increase in 24 hours they decided to wait only for it to drop further the same might go for increase. Now they blame themselves. |
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I was thinking the other day, of the eventuality of inheritance and cryptos.
We are all busy trading and hoarding as many coins as we can in the hope to be self sufficient later on down the road, but we should remember to have a plan to share the details, or all could be in vein.
Should there not be a mechanism allowing the inheritance of coins which have not be transferred during life to ones loved one? If someone is to pass and not provide the access to their wallets these coins are forever lost.
Food for thought.
Its not any food for thought as this particular topic has been treated over an over again. There have several.topics about what will happen to one's bitcoin in case of death. I have said it even if its fiat the moment people close to you don't know where you have some stashed funds, or some accounts you opened, or investment you have made, they don't get it at least they have less things to fight themselves over. The same goes for bitcoin, the design has been made to take care of those that would be lost by natural and unnatural events and if you feel you don't want it to be so, you start making preparation. It maybe a letter which can be accessed only when the writer is detailing the steps and procedures to go about it, or a video made for same explanation or else there is nothing that can be done, its lost forever. |
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Last 6 months crypto has been more as an obsession than a hobby.
Fortunately I invested nothing except some money in mining equipment.
I'm going to uninstall all crypto tracking apps from my phone and pick up some good video games to keep me busy until my vacation which starts 25th Feb.
It's only too bad that my vacation money is in crypto. But I hope it will bounce back somewhat in early March so I don't have to sell half my portfolio.
I feel for you and at the same time don't pity you for some reasons 1. You purposely made a decision which you felt was the right one but because things are not turning out the way you want, you are planning to dump. You have been actively involved for six months as you have said want do people who have been involved since the beginning to have seen several crashes and recovery even when it seems impossible. You see this game is not for the softhearted and you are not the only one who is very much invested in things so keep calm. 2. You lament about your vacation fund already into bitcoin. Times without number it has been said not to invest what you cannot afford to lose or better still what you won't need in the short term and six months is pretty short term to me. But you choose to ignore that because of the amount of envisaged profit that seems sure at the time. The only thing left now is to hope because that what you have got to do now as nothing from your end can change situation if things. |
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The management of Barcelona break its silent with an official statement and confirmed that it did not get the approval of Antoine Grisman for the transfer to the club in the next summer, or even just enter with him and Atletico Madrid in an official negotiations. As a result, all promoted by the Catalan press and the world press is nothing but newspapers's shame and truthless at least for the time being. A new blow to the newspapers is here, makes their situation worse and will probably contribute to their loss of credibility after long events since last summer. Here below the official statement from FC Barcelona expressing dissatisfaction with what is happening in the media of rumors about communication with Antoine Griezmann :  You don't expect newspapers to get it right all the time. The question is in the past what have been the source of the news if not them and they have been reporting the truth. Slack should then be given if they got it wrong at some point but when it becomes repetitive then the issue of trust can set in. Sometimes, even football club are the ones that would leak such news to the press either to test the reaction of their fans to such decision or to pressure the other party to sign for them but eventually if the deal didn't fall through they come with a statement that would not paint them as being rejected for clubs driven by ego. |
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People are quite anticipated with the lightning network and we clearly have two different sets of people either who support it or the ones who hate it due to its centralization. But what I have seen is that most of people don't even know about it properly. So here is a video that will help you learn a bit about it. https://www.youtube.com/watch?v=rrr_zPmEiMENow after watching this I have this list of pros and cons Pros: 1. Less Traffic over the blockchain. 2. So low fees. 3. Low transaction times. Cons: 1. Less Incentives for miners as more transactions will happen off chain. 2. Deposits of some funds will be required to create channels to operate. Please add to these pros and cons if I am missing something. If we are looking at the cons of every development, nothing will get done. The phones we have today is a con to the post office and letter writing but still we are using it. The most important thing is, does the pros outweigh the cons and in this case, its surely does. The argument that there is less incentives for miners is even lame, because the whole of the existence of bitcoin has relied on the miners for too long where they are quick to switch to any more profitable coin within seconds. In short, they are pure capitalist and not because they love bitcoin so I don't see how what will make the crypto more useful be put on hold because of then not getting higher share. Lightning Network is a boon and that is what we should continue to propagate with less focus on the bane it could cause to the community. |
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I am little curious now how that bitcoin is falled this much?
it rides massively and didn't looked that it will fall like that, its making me think that will it be able to cross 20,000$ again?
Is it a good time to buy or should just leave it?
The adjective we use to describe words sometimes are way too extreme just because price is falling then means bitcoin has failed? Most times we just think the very existence of bitcoin is tied to its price and nothing else. When price is increasing without basis, we are quick to rejoice not bothering about what is going to happen next. When the price was increasing sporadically towards the end of last year even though I wanted the price to increase, such margin was too high within a short period. Now I don't expect anything less than what we are seeing and even with series of events, if price is rising, I would be worried Facebook just banned news relating to crypto currency, South Korea is yet to give a definite position on what they want to do, clamp down on crypto currency from governments couple with the trust that is falling evidenced by series of threads coming up to address the same issue. What else do you expect? |
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I read the introduction you have there and I must say its a great idea put together which I see its a dream but what I am trying hard to fight is how real is what you have there. You are a small company with a big team and all of the people you have listed as well as partners from the university community that you mentioned there makes the team a robust one but my question is simple
1. What have you been doing before this, I know some other projects with this kind of dream like Ellon Musk, I know his antecedents of starting small up to this point. But yours is starting big from what I can see, so where is the starting small of you?
2. All of these team members, are they already on the payroll or its when you raise the ICO before you bring them on board? If they are on payroll how is the fund used to pay them generated?
3. This project, which is likely capital intensive, what other alternative sources of finance are you looking into in case your ICO fails to meet the targeted amount?
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Americans are always very slow to act. But after they decide actions will have more consequences. I don't expect such consultations no good. Cryptocurrency a serious competitor for the dollar. They jeopardize the entire existing banking system. Us banks dominate in the world. I am sure that without a fight they will not surrender. The fed is very serious opponent.
Americans are not slow to act at all and I think they are even the trailblazer in this for their discussion to have gotten to the point of Senate wanting go have an hearing on it shows that they are faster than most countries and are willing to listen to ideas because of their fundamental principle of freedom. A lot of other countries that are so "fast" have come to either regulate crypto currencies or an outright ban without even giving room for dialogue, arguments, counter arguments and the likes. I don't know how hearing is being done in the States, but if its public then a lot of insightful arguments will have to be put forward with more areas being unleashed that we are yet to tap into and finally giving the Senate members to go study and research about the subject matter rather their routine activities to argue and bicker over simple issues. |
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Also, what are you doing here in bitcointalk if all you do is spread unnecessary negativity anyway?
I don't know what he tries to achieve with the spreading of such information all over. Its time like this people try to show they are expert saying we told you this, we told you that when everyone knows what is really going on. And the moment the price take a positive turn, they are quick to change tone and sometimes because of the inability to accept they are wrong, they still continue to being pessimistic by issuing several warnings. Irrespective of how price turned to what it is today, its still an achievement over where we were this time last year. A lot of holders that he is referring to who bought this time last year and decide to sell today at the current price are still making massive profit that only bitcoin can turn out for a common man. If you would jump the ship, series of people are ready to take your place. |
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Well I have been thinking of this possibility of expansion of Bitcoins use to such an extent that one may simply travel with hands in one's pockets! That should be level at which the ascendance of cryptocurrency should be and towards which we as a community should work.
The very fact of travelling will include more than one fields of business into its fold. Flights, eateries, pharmacies, hotels, rooms, restaurants, shopping stores, movie theatres, book stores, gyms and fitness centres, taxis and buses. This is not just a dream but a goal that we should try to reach.
I am not necessarily promoting a cashless & cardless society but cash & cards can simply be an alternative. All you may need with you is your cell phone and ID card to move all around the world. Into such a morning of sun shine, I am looking at. But gradually what turns out is such a cashless and cardless society with eases lives.
The world has become more and more cohesive and smaller. Getting knitted closely together. Like the evolution of species, cryptocurrency has evolved from various different ideas to a superior manifestation. And today though slowly but steadily we are finding the shift towards it. It is in near future that we may find the world being defined by whole new parameters of currency, economy and development to which cryptocurrency and especially bitcoin will be an integral part.
What you propose are already being done it might not be internationally but within a region its being done. I attended one crypto meet up sometimes last year and one of the speakers who came from oversea was saying it loud and clear that all he need to carry is his crypto card and that settles it without any stress. But the concern here is not the possibility but the convenience at this time because every factors are just working against that. Today, the availability of crypto cards are being frustrated either by the service providers or the fees to make that happen and I cannot just travel with my bitcoin in my mobile app and start looking for where to exchange to the local fiat in other to be able to live comfortably. I guess at this time, we have to live with what we have. |
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Big statement thread title haha.
Watched click on the weekend, talking about Quantum computers, they're a long long way off. I enjoy science so understand the basic theory behind quantum physics, from quantum entanglement to Schrödinger cats theory.
If the binary digits can be both 1 and 0 at the same time means that any calculation can instantaneously be worked out.
therefor when and if we ever seen Quantum computers surely they could effectively solve the entire blockchain algorithm instantly.
That's my basic understanding. So effectively crypto is not really a future currency so to speak.
Any thoughts.... I'm probably complete wrong haha
I don't understand why we are concerned about what Quantum computer will do to bitcoin in the future whether its going to end crypto or not, one thing is certain and that is bitcoin has come with its own liberation at its time and have put itself in the book of history forever as one that change the way we do things, that went to the very fabric of what we have come to know and the victory is that its disrupt every of those of our believe. What is even surprising to me and I believed should do same to others is how someone who does not have access to Quantum computer would create what Quantum computer can only put an end to which means with further development, Quantum computer might not be enough to break its code. |
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It appears to be the end of the road for cryptocurrencies in India. Finance minster Arun Jaitley, in his budget speech today (on Feb. 01), stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India. He reiterated that India does not recognise them as a legal tender and will instead encourage blockchain technology in payment systems.Read the Complete story here - Cryptocurrency to be Banned in IndiaThis is exactly their problem and any government of today they all recognize the importance and how ingenious the blockchain technology is but because bitcoin is something they cannot control, they will continue to wage war against it. I see a lot of multi-nationals deploying this technology to their activities in every areas that promote transparency and real time efficiency that most companies rely upon. However, its a good news in the sense that so far the blockchain is still being deployed to solve the economic problems of companies and countries, bitcoin will continue to be relevant whether they accept it or not. |
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For me, I dont believe that it is the new year that is affecting crypto based on some series of events that are currently happening or that have happened.
1.The price of bitcoin has been falling since last year, I wonder how many new years the Chinese will be doing if they are the one responsible for fall in price.
2. The Chinese people no longer controls the market in the crypto world as before with the series of regulations and bans that they implemented, their dominance of the crypto world for their new year anniversary to start affecting the direction of things.
3. Anniversary come and go but bitcoin price is not a respecter of feelings and opinions. As they are celebrating in China, other people are mourning in some other place of the world, some others are preparing for world cup while others are preparing for elections.
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Even with a raffle, I doubt if anybody would be interested in that car of yours. You car can be of great quality as you have make it sound but the people that would see the real value for what it is (like a Lamborghini or Rolls Royce) are specific set of people with the same taste as you those are the people you should arrange to make a deal with.
0.01btc and the 100 numbers you have there means, you will be getting 1btc if everybody participate and pay up. That is like $10000 for you alone for a car that you want to sell at a discount initially and a massive drop from your initial 2.5btc or 26eth. It shows to me that you don't even know the value of what you want to sell.
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I am sure a lot of people didn't even bother to read what the article is all about before jumping to comment on how good the news and how its going to be make bitcoin $50,000 over night but reading that article made me realize two things and that dream everyone is happy about, might be far from coming to reality. 1. The comment is a reported statement because the article didn't quote the minister directly but state that another body reported it and when the source cannot be traced directly, the probability of distortion is high. 2. In the said article, there is a caption that says "We think there is huge potential — but the market is not as disciplined as we want. We want it [the ICO market] to prosper but without compromising standards or the integrity of our financial markets.” and that is where the challenge because everything he was reported to have said is a conditional statement and what would necessitate that seems difficult to achieve. |
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Anybody who is willing to buy is way to the top in any condition whatsoever is not to be trusted. Whether its a bitcointalk account, its local bitcoin account or even an exchange site account (if there is an incentive attached to that). Based on what Op is requesting I have a feeling its going to be on a peer to peer site like local bitcoin or paxful that comes with review, this will make new people coming in fresh to trust easily which might be the beginning of their downfall. If you believe in anything, rather than trying to cut corners, just build your reputation and you will guide it jealously for anyone to come destroy on the basis of money.
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People! please don't look at crypto as an ez money maker, and please don't convert to fiat, I would suggest to USE it rather than spend it.
The next time you pay for something, always encourage them to accept crypto. If they refuse, then so be it, but what you're doing is the effort so that many people will hear about it, and maybe the next time someone asked them to receive payment through crypto, maybe they will change their mind and try it.
This is how your transfer the market cap from fiat to blockchain and this is how you realize true gain, your 10 coins valued at let's say 100$ can go to the moon if more people would switch to crypto.
Please please please, we want a future with just peer to peer txion, F the middle man!
What I see here is someone fully committed to the goal and founding principle of what bitcoin is all about which I see that its good as we have more and more people coming into the crypto currency market, but less people interested in the real growth of bitcoin as they are more concerned on how I can buy at $10000 and sell at $20,000 but at the same time, we can only suggest to people using bitcoin but we cannot force them to use that crypto currency. You made mention that if they refuse so be it but you didn't talk the need at that point should you then go ahead to convert to fiat or just call them bluff and forget about what you want to buy? The most thing we also have to consider is that even as much as we want to encourage businesses to accept, how do we control the resources they need to make that a reality? or how do we guarantee they won't make a loss by doing that considering the volatility that surrounds the industry. |
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