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Can anybody explain to me how close we are to "inevitable" hard fork? I see core nodes still dominate at over 82% with BU below 12% after all this contention and arguing. Are we exaggerating the problem or am I missing something?  What you're missing is that nodes only indicate the amount of support from people running the nodes and the amount that find Core nodes preferable. BU's percentage of nodes doesn't matter because what actually causes activation is the hashrate. The graph might show that BU has less support among the actual public though, which would mean in the case of a HF the BU price would end up failing to BTC, but we'll see if that actually happens. |
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While this person is obviously an extreme gambler, that doesn't mean that it's wrong for them to be betting on things. It might well be that this person is wealthy enough to genuinely afford to lose such a large amount of money.
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Trading is more risky because you cannot know everything happening in the market. Skill gambling like poker you know everything before taking a decision and this is less risky. They are both risky and they are not recommended. Usually people who play skill gambling have less losses than the other ones.
But many people here are already sharing about their success with trading. Maybe for few gambling like poker and sports betting will remain profitable as the exception in gambling world, otherwise I guess you will not choose gambling over trading. I agree sports betting is profitable as it is one of the skill-based gambling but last few times I predicted wrongly and faced the losses with my sports betting and I will say skill -based the gambling is too risky compared to trading. Interestingly I'm not finding any difference between trading and skill based gambling. In my perspective these two are seeming as one thing due to the fact they are having equvalent amount of risk levels. I am making money from both of them and hence I'm not finding any differences in risk levels. Both are risky when we are going for them without experience and knowledge. I think it depends on exactly what variant of skill-based betting we're talking about. When it's poker for example it's quite a progression of skill, so when players play a lot of games and are very good they're unlikely to lose. When it's sports betting for example it's quite different because people have different valid opinions and this means that your predictions are not very likely to be accurate. |
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Hi,
Probably a stupid question, but since the price of BTC will obviously go down rapidly if a hard fork happes.
Will we get some kind of an annoucement/warning hours/days before they start the fork or will this happen from one second to the next?
This was true and serious concern what many people like you and me had and have about the upcoming events and information. What I have understood from little bit discussion from this thread is good than anything based on guesses. I really appreciate all the shared information here. This thread is good for exactly what's it's good for, which is saying that there won't be a warning. There will be predictions though, and people can accurately predict a HF from about a week or so before it happens I suspect. |
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I don't think that the bitcoin prices are affected by only Chinese. I agree that China is the biggest exchange area of bitcoins but because of that we can not guess like this. Now the Bitcoin users increased lot in all countries this is also one of the reasons for the price increase and decrease. And the digital currency will not stable like traditional currency.
Chinese market used to be shaping force for the bitcoin's price in the past. But since PBoC intervention early this year this situation changed. We have reached ATH during Chinese exchanges blockade when withdrawal of BTC/LTC were suspended. In the past this would cause major price drop, but not anymore. The higher the adoption, the higher the market cap, the lower the fluctuation of price and stabilityI'm curious how long people will repeat this nonsense It should ve pretty evident to anyone having an eye (or pair of eyes) that it will never be the case (if you actually mean higher stability with a higher market cap, of course). Conversely, with Bitcoin price rising we are set to witness even higher price volatility. This had been discussed many times before when the price was still well below the 1,000 dollar mark, and it was not yet quite clear whether this theory is going to be proved right in practice. And the recent price volatility (whatever may be causing it) proves exactly that. Within three months of this year we've seen the price reach over 1,100 dollars per coin, then flash crash to 750 dollars, rise again to ATH of 1,300 dollars and plummet once again to 950 dollars. And now we are rising one more time This only applies up to a certain point though. Once Bitcoin has found its common place, the price will fluctuate less - that will come when its usage is nearly stable in the merchants which are relevant to accepting it. |
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Of course we can, no secret again if china is the largest owner of the bitcoin, many forums which states they unite for get the benefit of the price of the bitcoin.
Well it's worrying but it's possible China can manipulate the prices single handed due to their stake in the Bitcoin mining network and the amount of Bitcoin owners and bitcoins in their possession. The prices are generally regulated by demand and supply and since they have more in their possession they can either creat a demand (by refusing to sell) or create an abundance of supply. But that will require the collaboration and coordination of thousands of individuals and organization, I think it it is way more likely that just a few big whales are the ones trying to manipulate the price of bitcoin since that is way easier to coordinate than many individuals. It's either a small group of whales are manipulating the price because it's hard to make a bigger group that would cooperate in manipulating the price. Although I don't know who really are manipulating the price but I believe it's happening because the price movement is not normal anymore, one time it will pump and the next thing will happen is dump. The manipulation of Bitcoin price isn't as extreme now as it has been before though. Bitcoin's market cap being over $20 billion, most of the people with that much money aren't willing to take the risk putting so much money into something as risky as Bitcoin, even in small groups. |
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At least a month or so. I would invest in an established casino that's been around for a long time and put your money in for at least a couple of months before you consider withdrawal.
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The most important thing when considering whether to plan your gambling is whether the game is purely based on luck or based on skill.
If it's based on skill, you should plan it in advance and consider how to best win the game and do well.
If it's based on luck, you can bet impulsively because realistically you're only doing it for fun (unless you take it too far and lose a lot, in which case you need help).
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1 GHS for free = Is to lure newbies, actually you can't withdraw what you can earn from those free packages. And you will end up depositing more and get scammed.
10% referral commission = To attract new investors and pay old investors with new money (HYIP model)
Cloud mining = Actually every cloud mining services like this one which claims huge return are simply scam ponzi and they are not mining any real bitcoin.
Nearly everything with a referral program which is related to Bitcoin is a scam, period. |
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Most dice sites offer the "third party verification" feature.
Provably fair was created mainly to ensure that dice sites are reliable!
That's true, but I'd still stick to more established and reputable casinos. Provably fair doesn't guarantee you will be allowed to win and cash out. It's easy to implement provably fair function and then take people's winnings and close the site down. But if anyone knows how to run this gambling business will not try to cheat people for small profits because these guys knows in the longer run they are going to win and they can make a good money from this business. So most established sites and some of new sites also will not do any cheating but we just need to choose the correct one. Some small sites will still cheat people for the idea of quick money. You can run a casino business with Bitcoin very well, but that's just it, you have to run it very well and most people are not capable of doing it which is why they are likely to scam instead. |
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Nearly $2 billion has been wiped off bitcoin’s value in three days all because of a fork. FUD
FTFY. there is no fork, there never was and the possibility of a fork is too small at the moment. people seriously need to check their facts. it is only 30% of mining power right now and there is no guarantee of it growing and it may never grow just like other XT, Classic, etc. if doesn't go up it is dead in the water and if by a small chance it goes up and reaches the majority consensus and fork happens properly, there will be no other chain. there will only be one chain. and bitcoin will continue on. No, a fork is very possible in the near future. BU has quite a low rate for activation and would only realistically need about 55% of blocks to support it for a fork to actually happen to SegWit's ~95%. |
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I can`t afford to be so optimistic.I think that this price fall will be stable and the price will return back to $1200
during the summer.
I don't think that the fall will be stable at all, I think that with a hard fork approaching the price will be all over the place for at least a month until everyone gets their act together (and, if the fork happens, which coin is going to fail). |
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4 - There are many reliable exchanges out there. For starters, again, Bitcoin is super anonymous. None, that I am aware of, require any personal information. Obviously, Blockchain is completely secure and just using Bitcoin requires no information. If you want to use an online wallet, you can use Xapo or maybe Coinbase - both are secure and don't require info to send and receive. They do require info to deposit but that's obvious because you need a CC or bank account to deposit. An exchange to sell Bitcoin for altcoins is Poloniex. This is my favourite and requires only an email, password and BTC address.
Coinbase has been known to ask for ridiculous amounts of ID, even video identification at times, and can suspend your account if they associate you with activities like gambling. If you hold all of your Bitcoin on an online wallet, you don't own Bitcoin because they have your Bitcoin and just promise to allow you to use it (they use it on your behalf), so if Coinbase was ever unable to pay it would stop working. Blockchain.info is more secure but still not ideal. You should be using desktop wallets if you really value your security or privacy. |
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Hi all, are online wallets safe to use? maybe on a scale of 1-10 with 10 being the most safe
They're safe to use as long as you know how to keep them safe.It's not really wallets fault if someone hacks your computers and steals your password.If the hacker gets access to their database then it's a completely different scenario.Blockchain.info seems to be the best one around,don't use anything else. I currently use blockchain.info as my wallet. However I want to get into trading so I'll be storing a couple of hundreds of dollars worth of bitcoin in my wallet. Would it be wise to keep using blockchain.info or should I use something else. What would you recommend? I don't think I would have a full bitcoin stored yet. If you're trading on a particular exchange site,you rather use that website's online wallet with amounts needed for trade and not your entire savings.Don't trust any website with 100's of dollars.Use a desktop wallet.Use bitcoin-core or simply electrum.For daily basis usage,just keep refilling your blockchain.info wallet with coins through electrum. Blockchain.info is far more secure than any other exchange site, but it's not ideal. They do give you access to your private keys and I don't think they have the right in terms and conditions to suspend your Bitcoin like Coinbase does. You can also get their browser extension. Still, you should never be comfortable storing more than ~1btc in an online wallet at any one time in case the service collapses because you're always reliant on a third party. |
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I always wonder what gives them the right to keep your coins. What happens to those if they are not returned to you?
I suspect their terms and conditions allows them to hold the coins. I wonder if this practice would hold water through the justice system though. Not that I intend to pursue anything legally, but if someone had some serious coins locked there... Obviously their terms and conditions allow them to hold the coins at will because what warrants them holding your coins is based on their view of what is suspicious activity and this could literally be anything at all. |
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Bitcoin network will not need the extra capacity of Bitcoin Unlimited as users began migration to other coins, cheaper to transact networks, you know their names.
Please name me a single viable alternative. By viable I mean the following: 1) Doesn't have an instamine / isn't a scam. (See Dash) 2) Isn't highly centralized / doesn't have a high king. (see Ethereum) 3) Doesn't have even worse scalability issues than Bitcoin. (see Monero) Please indulge me. Just goes to show how many people on Bitcointalk are actually running full nodes.
I'd say that the number is very low. A lot of people call themselves "Bitcoin enthusiasts", but they don't even have a single node running. For all I know there are actually coins which solve most of these problems, but the problem is that pretty dodgy or weak coins tend to be the best at getting pumped and the owners best at profiteering, especially with coins like DASH which have a large instamine but can appeal to newbies who know less about that. |
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Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.
It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders. While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so). I think that most ordinary users are comfortable holding their Bitcoin. |
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In the case of BU being activated, there will be very little, if any, warning because it could ultimately be enacted at any time after it has spent two weeks with an absolute majority of support (although it's expected to wait until 75%). You would have to watch very carefully when it comes close to spending a consistent two weeks with this majority.
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Nope, this'll never happen.
I think that most of China's announcements about their stance on Bitcoin are just an attempt at FUD to bring the price down and let them buy and mine at cheap prices.
I'm quite confident that China is fine with the use of Bitcoin, especially since some of the businesses there monopolise aspects of Bitcoin themselves.
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I always wondered why the Jews had a special word for hatred against them? Strange isn't it? Its the only religion that does this.
The Holocaust was a made up number by the US based newspapers. They were trying to get support from the US people to go into the war against Germany. I'm sure the Jews and other prisoners died in the labor camps. But there was no gassing to kill or eradicate their race. The camps were used to make Nazi munitions and other things they needed for the war. Why would they kill their work force?
All of the pictures we see from those camps show us emaciated people. Starving yet standing up. If they were truly gassing jews fresh off the trains why would they give them prisoner uniforms? Just line them up and shoot them. duh.. No instead they got rooms a uniform and a work detail. Sure, they didn't have enough food, but this was war time. Food had to go to the military first. The prison labor camps got whatever was left over.
Islamophobia is the term for hatred of Muslims. Christophobia is a term (albeit less accepted) for hatred of Christians. The only religion that "does this"? What, do you think they invented the term solely themselves? Do you think that a term for hatred proves that the holocaust was made up? If anything, it proves that it is accepted that Jews have experienced hatred and therefore a term is needed for when people display hatred of Jews. Are you justifying Jews being put into prisons? "they didn't have enough food, but this was war time". Did they deserve to starve then? |
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