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341
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Bitcoin / Bitcoin Discussion / Re: One of the biggest mysteries in the technology world is the identity of Satoshi
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on: November 02, 2017, 10:48:01 AM
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One of the biggest mysteries in the technology world is the identity of Satoshi Nakamoto. No one knows who he is, where he is or what he is doing with his millions.
I think not in the "technology world", but in the digital currency world. We all know that they said that he holds 1 million bitcoins atleast he is not ruining the flow. Bitcoin has a finite supply of 21 mln which is expected to be reached by the year 2140.
Yes but not all that 21 million is usable. Nakamoto's one mln Bitcoins amount to five percent of the entire cryptocurrency.
So, what will happen?Howdo you think?
I think Satoshi Nakamoto mined that million bitcoins for a reason. As crypocurrency experts say, there are two theories, it is either the "bad Satoshi" that just ran off knowing that bitcoin may boom in the future and it did so he is a millionaire, or the "good Satoshi" holds that million to make the price of it good and balanced. |
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342
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Economy / Economics / Re: What is Bitcoin's fair value?
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on: November 02, 2017, 10:11:59 AM
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There's no a fairness limitation for a cryptocurrency. even in my opinion, current prices have already shown unfairness. but if we seen from the demand and limited stock, didn't rule out bitcoin prices will continue to rise as more users and investors. therefore, with its limited number and increasing demand, so we can't determine the fairness of bitcoin prices.
Bitcoin's value is said to be "overvalued", with it's price so high and we still don't know what it might reach in the future, it might pump or dump. With a lot of people using and the increasing demand, Bitcoin will be still in the value where people might say "unfair", but for the people that predicted this will happen, it is pretty fair and predicted. |
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343
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Bitcoin / Bitcoin Discussion / Re: year 2020, just 1% of all assets in the world make bitcoin = 140,000$
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on: November 02, 2017, 06:49:48 AM
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year 2020, just 1% of all assets in the world make bitcoin = 140,000$
The total world assets* = $294 trillion
Total amount of Bitcoins = 21 million
294 trillion / 21 million = 14 million
$14 million = 1 Bitcoin
1% = 140,000$
Wow, that will be nice, though the usable bitcoin is not really 21 million. Wasted million. year 2020, just 1% of all assets in the world make bitcoin = 140,000$
The total world assets* = $294 trillion
Total amount of Bitcoins = 21 million
294 trillion / 21 million = 14 million
$14 million = 1 Bitcoin
1% = 140,000$
Haha I doubt the analysis because I dont think the supply of assets is limited. And in any way you can relate it to the price of bitcoin. Who says to you that world has 294 trillion of assets? Supply of assets changes, I've read this article a week ago : http://fortune.com/2015/10/14/1-percent-global-wealth-credit-suisse/, it's last year but the numbers are not that far and as you can see, the number increases. |
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344
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Economy / Trading Discussion / Re: Exchanges
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on: November 02, 2017, 06:22:55 AM
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Hey guys! Can anybody advise me a website where I can see all exchange companies and their bitcoin price.
And also which companies can accept cash for bitcoins?
What is better: buy by cash or by card?
Heeeeelp!
Thank you.
I think coinmarketcap has the good list of those exchangers, in terms of accepting cash for bitcoins, I think they all do since that is the common thing to do. Buying by cash is good but buying using a card is better since you don't need to send that money out but you just need to input your card's number. Other informations are answered by the support in their site, you can just ask them. |
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345
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Bitcoin / Bitcoin Discussion / Re: 10x Bitcoin Goal in two years
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on: November 02, 2017, 01:58:48 AM
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Can you explain why bitcoin can x10 in 2 years. Is this a far away goal?
I'm focused on aiming for $ 10,000 to year-end of bitcoin.
I think I agree, but a $10,000 is a little exaggeration since there are a lot of corrections that is happening. Yes it might reached the price of 10,000 but we can't be sure if that will be staying that long since the corrections go back to some prices and let it stay there. I think $8000 or above is a good price this year, at least we reached a 10x price increase from last year till now. |
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346
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Bitcoin / Bitcoin Discussion / Re: What Are Your Greatest Fears As a Bitcoin Holder?
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on: November 02, 2017, 01:37:31 AM
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"Hacking and scams remain the top risk for Bitcoin holders. Exchanges that shut down or passwords stolen from devices can easily wipe out a person’s bitcoins. Moreover, governments and central banks from various countries are starting to impose limitations on the use of cryptocurrencies.
Digital coins clearly threaten the political and economic establishment, and the regulatory environment can quickly change with the stroke of a legislative pen. Banks and governments typically use familiar language in the media, such as the need to protect consumers from new risks.
We are hearing familiar talking points from politicians who are getting pressured from the banking lobby. It seems that the root cause of the status quo’s actions in 2017 is to protect fiat currencies and traditional financial interests. Competing digital coins represent a potential end to the government’s monopoly of the monetary system." - Bitcoin.com
What are the top risks for Bitcoin holders?
I am thinking of two major reasons: 1. Satoshi holds 1 million Bitcoins, if Satoshi unloaded or sold all of his bitcoin, the price will go down. Even the normal users are afraid when this happens. 2. If a genius hacker found a backdoor to the blockchain and try to do double spending which will again, make the bitcoin price plummet down, happened in the past but it is resolved, after that bitcoin has no backdoors but no one knows, it might happen again. |
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347
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Economy / Economics / Re: Why do people keep saying BTC is dead?!
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on: October 31, 2017, 12:09:50 AM
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A lot of people say that bitcoin is dead because they only read the media articles. Some of them are positive and rest is negative. For example Warren Buffet the best investor ever said the Bitcoin is a bubble, mat dimon said it is also bubble but can grow to 100 000 dolars. So don't trust anyone make your own research.
Because instead on researching and making a point for themselves, they are ready to bankers like Jamie Dimon who hates bitcoins so much that he can't stop talking about it and when they listen and believe these people, they end up selling the bitcoins they have already invested and when nothing bad happens, they see then that they have been tricked. I don't know why they will be thinking that they have been tricked since there is nothing bad happened, your statement is a little bit of confusing. But it do makes sense, there are a lot of people who are like this. They will be talking "bitcoin is dead" since the price or what happened do not match what they are expecting. |
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348
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Bitcoin / Bitcoin Discussion / Re: How Can We Make Sure Bitcoin Never Ends?
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on: October 30, 2017, 11:55:59 PM
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I don't think it will ever end, because block-chain is the future of payment but don't know that it will always be #1.
Expect the unexpected, that is what they are saying. But that unexpected is just all about the pump that may happen and not the negative things that may happen to bitcoin. Since there are a lot of people who are using or maybe investing in these digital currency, bitcoin has almost close to zero possibility of being stopped or being in the end. I'm just saying this kind of thing in the last thread I've posted. But I think we can also add the people who might want to take down bitcoin, if there comes a popularity, there will be always a villain so I don't think that possibility is not that close to zero but close to numbers that is more than zero. Still I don't think that it will be ending so easily with a lot of people using it. |
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349
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Bitcoin / Bitcoin Discussion / Re: Who can destroy Bitcoin ?
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on: October 30, 2017, 11:48:45 PM
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I hope nothing will destroy bitcoin. Bitcoin is very popular now and will not be destroyed. the popularity of bitcoin makes it stronger and stronger.
It is obvious the only thing that can destroy or make this digital currency stop is we, the users. Bitcoin is mainly dependent on it's users and investors or holders. If the users and investors all in all dumped their bitcoin you will be seeing the price dump so hard. As it has a high possibility of having a price of $10K, it also have the possibility of going down, but with a low level of possibility of happening. |
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350
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Economy / Speculation / Re: $10,000 Bitcoin Price BTC Tests All-Time High
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on: October 30, 2017, 11:32:23 PM
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Not to take in account the source as price predictions, I think that we will see 10K$ in less than 6 months.
That is just my opinion on this matter.
We've seen $6000 from a $600 price last year so I think this is kind of true. It might go beyond $10K since many more people are getting to these digital currency. This price pumps are so insane so this possibility is not impossible. |
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351
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Local / Others (Pilipinas) / Re: May pag-asa pabang bibilis ang internet sa Pilipinas?
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on: October 30, 2017, 11:20:35 PM
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Siguro pag biglang yumaman ang bansa at magbawas ang tao sa paggamit ng net. Marami na kasi ang gumagamit ng net ngayon kaya mas lalong bumabagal. Pero kung mas maraming mayaman ang mamumuhunan sa negosyo ng internet supply baka bumilis.
Naku naman, hindi naman siguro biglang yayaman ang bansa, kadaming garapal at kurakot. Sa internet naman, ayawa kasi ng mga kurakot at makasariling negosyante sa gobyerno na papasukin ang mga internet companies sa bansa kasi mas maganda ang serbisyo sa kanila, pano na sila-lalangawin at malulugi na.. Sa tingin ko masyado tayo nanghahawak sa ganitong reason, pero hindo negosyante at gobyerno ang reason kung bakit lumakad palayo ang Telstra. Isa sa mga rason dito ay yung "Two Big Players" ng Pilipinas which is yung PLDT and Globe. Tumaas yung risk at hindi nila alam if makakapagcompete yung services nila, pangalawa yung team up nila ng San Miguel ay hindi nagwork out. |
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352
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Economy / Gambling discussion / Re: Best strategy on Freebitco.in and Bitsler
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on: October 29, 2017, 10:30:11 AM
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marti or averaging is the best strategy dice site
Martingale is one of the most popular and common strategies in the gambling world. I don't how many lost and won using that strategy still it is used by many gamblers today. I think there is another strategy that is common today but just a few gamblers can do it, the one win getaway. You know, when they won a jackpot they stop and walk out of casinos with their win. |
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353
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Hackable?
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on: October 29, 2017, 02:41:14 AM
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It is not possible to hack bitcoin, but is possible to hack any wallet where bitcoin is keep.
' Wow, I guess you can try my wallet to hack  Nope, bitcoin wallets are not possible to hack unless you know that wallets private key, that is an exchanger wallet ( still they are secured but they don't let you hold your wallets private key) or you own that bitcoin wallet. Bitcoin wallets have their private key or like an signature that signifies it is yours. |
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354
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Bitcoin / Bitcoin Discussion / Re: Bitcoins lost?!
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on: October 29, 2017, 02:11:28 AM
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Hi,
Yesterday i did a bitcoin transaction from my wallet to another one.
Unfortunately my pc crashed some minutes after i did the transaction because my electronic protection (dont know if you call it like that in english) went down.
Now my Bitcoins are in the chain and they dont reach the target.
Are they lost now or is there any way to get them back?
Transaction id is 4a6f8364b84b35cc378240c3bbe737ba47a1191d2420aecb238077d3e676fe6d if that matters.
Greetings
Many people posted this kind of problems in the past but the problem lies not on the transaction speed and the blockchain but in the transaction fees you had paid the miners. If you want to confirm your transaction quickly you must have chosen a good transaction fee so you are not waiting a long time now. The best thing to do now is wait. |
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356
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Economy / Services / Re: indaHash Signature Campaign
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on: October 27, 2017, 10:10:51 AM
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Btctalk name : Creepings
Rank : Sr. Member
Current post count : 803 + 1
BTC Address : 3JkzeVEWrauGfvBYstR2i49zU6329fNDiA
Wear appropriate signature : Yes
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357
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Economy / Gambling discussion / Re: Giving up gambling is not easy
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on: October 26, 2017, 10:43:13 PM
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When going to end the gamble is too difficult, but think again. How about the money for trading / investment? Then leave the gamble. When often get defeat, why not think that money for trading / investment? It gets better. So, give up when you get a lot of defeat, but if still in the path of victory, then continue.
I don't really get the point you're hitting but I know it is talking about how good trading was right? Trading may be the same risk as gambling but unlike gambling, it requires a lot of luck and skills also experience. It is hard to give up gambling since people are earning money in gambling easily without scam and people tricking you. One of the reasons they like gambling more is the efficiency of winning, but mostly what they are experiencing is loss. |
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358
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Economy / Trading Discussion / Re: Patience and Holding
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on: October 26, 2017, 10:18:58 PM
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I wish I learnt patience before I sold off my bitquence. I couldn't bear further loss watching as price continued to dip, so I sold off all my token. I was surprised two weeks later when I discovered that the price recovered and even went to an all time high. Sadly I had sold off all. Patience is key in cryptocurrency trading
Not only in cryptocurrency trading but in the world of trading. If you are not patient enough, you might lose the chance of selling it at good price. This also happen to me when I am trying to sell my new acquired token. Once that I knew that it can be bought and sold at a certain price, I immediately posted to be sold, it was really quick to be sold and I also immediately regret my decision when I am seeing the price now having a good pump. It is so dissapointing. |
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359
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Economy / Speculation / Re: Why do we keep converting bitcoin back to dollars ?
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on: October 26, 2017, 01:23:24 PM
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Its up to you. If u want to convert to dollar or other currency. Mostly convert to dollars because most people use dollars as currency.
More like they don't have a choice since cryptocurrencies like bitcoin is bot that popular to be used in the real world. In our country we really need to convert bitcoin into fiat because there are so few people who use it and accept it as a payment. We still need the help of exchangers so we can use bitcoin. I think it will take time until we can use bitcoin itself in transacting and paying. |
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360
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Economy / Speculation / Re: Reasons Why Bitcoin Price Drops
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on: October 26, 2017, 11:25:50 AM
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Bitcoin drops because Jamie Dimon wants it to, to let his daughter buy them cheaper.
Well, that is how you put it sarcastically. From the time I am using bitcoin, the time bitcoin prices go down is when the bitcoin price pumps and many investors and users thinks that the price is satisfying or that is their goal so they sell their bitcoins. I've experienced that last month where in the price hit the ATH, I am so happy, after some couple of hours the price goes down, well, that is the obvious reason, a lot of people sold their bitcoins. |
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