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521  Bitcoin / Bitcoin Discussion / Re: can bitcoin wallet be hacked by hackers? on: October 20, 2017, 11:37:54 AM
can they hack into our wallet. There are many professional hackers out there. What are the chances? Also what is the safest way to safeguard ourself?
I wouldn't go into details, but yes, it can be hacked... once the malware was injected into your machine (laptop) it will search for a certain file (xxx.dat) and then extract it towards a some sort of cgi-bin. Now, once that (xxx.dat) is pasted to the parasite's wallet and syncronized over the web, your bitcoins would be accessible by him. But of course that won't happen unless you pervert clicks on a malicious link which has been baited to you because you are a known pervert. ha ha ha... Anyway, hackers will not attack you unless you are a bigtime. I won't waste my time spying on you (to know which bait to use on you) if you only cost 0.3 BTC.  Grin
522  Bitcoin / Bitcoin Discussion / Re: Who do you think will compete with Bitcoin? on: October 20, 2017, 11:20:02 AM
iPhone vs Samsung, Android vs iOS, BMW vs Mercedes .... Smiley
Its definitely not ETHEREUM because they have different crowds from each other. Technically, it could have been BITCOIN CASH because they practically use the same standard mining rig. Once the community decided to mine or use BITCOIN CASH, the BTC will never be as useful as now... but that is too close to impossible.  Grin
523  Other / Beginners & Help / Re: BITCOIN mining advice? on: October 19, 2017, 06:12:57 AM
Yes! You should not ever attempt to mine. Instead of buying or assembling a rig, you should have just buy bitcoins and lend it over Poloniex. At least your btc will multiply without any cost for electricity.
524  Bitcoin / Bitcoin Discussion / Re: Can cryptocurrency make real money disappear? on: October 19, 2017, 01:28:44 AM
What are the chances of living in a world with no actual money ?  Shocked
Yes, I guess so... its just a matter of the volume of people using it. Once the bitcoin is used globally, and the government cannot control the production and usage of it, it will lead to the loss of appetite to fiat.
525  Bitcoin / Bitcoin Discussion / Re: Bitcoin from Investment to Daily Purchases & Uses on: October 19, 2017, 01:18:57 AM
If bitcoin is meant to be a currency, how does the idea go from investment (future growth) to everyday uses, given the extreme volatility of the "price" of Bitcoin. If today a pizza costs me .002 BTC but next Friday is costs me .005 BTC, why would I take that risk on price volatility instead of fiat currency?

How do you see purchases with BTC evolving over the years as the masses adopt the idea of cryptocurrency? Will BTC always be the "gold commodity" and other crytocurrencies with less volatility will be the everyday currencies?

Thoughts?
This happens because people don't use it as currency yet. Just wait until major stores accept bitcoins for payment and you will see the price will drastically go up and then stabilize... once it reaches that phase, expect no huge volatility. Well, just an opinion of course.
526  Economy / Trading Discussion / Re: How do I grow my btc? on: October 19, 2017, 01:15:14 AM
Put your bitcoins in an exchange where they accept funding / lending... by that, you could gain approximately 0.02% daily without the risk of losing (like in trading). The only cons you'll be facing is when that exchange gets hacked or it run out of business. Just try not to put what you can't afford to lose.
527  Economy / Speculation / Re: Bitcoin is falling, But don't worry! on: October 19, 2017, 01:06:48 AM
It ain't falling after all, it might just have been a correction. Anyway, for those who have bought bitcoins at 3k's (probably a couple of months ago) there should be no room for panic anymore. The panic is only for the late adapters who have bought BTC during the 5k hit  Grin
528  Other / Off-topic / Re: Bitcoin is not gambling on: October 18, 2017, 11:29:56 AM
Of course it's not... it is called investment (at least at the moment). Before the bitcoin hits the mainstream it was supposedly for money transfer and online payments. However, since the price is attracting, people sees it as an investment platform which is an awesome substitute for stocks. But to make it clear, it is never a gamble.
529  Economy / Trading Discussion / Re: WHEN IS THE BEST TIME TO PURCHASE BITCOIN? on: October 18, 2017, 11:24:25 AM
Buy everytime people are selling because the price is very low at that point. DO NOT buy when price is climbing or when you see that people are buying in panic. Another best time to buy is after a bad news is circulated, once you have read something bad in twitter you can expect for a short dip. Buy at your own risk.
530  Economy / Trading Discussion / Re: Bittrex or Poloniex. which one do you like to trade? on: October 18, 2017, 11:17:30 AM
I go with Bittrex because it has some coins that aren't affected by altcoin dumps. However, when it comes to lending, I prefer Poloniex of course... though, recently the profit is too low. Every trader has it's preference, and some goes by GUIs... so if you don't like the boring interface then you must go on with Poloniex.
531  Economy / Trading Discussion / Re: What is the risk of holding Bitcoin? on: October 18, 2017, 03:52:25 AM
I guess the huge risk of holding BTC long term includes hacks, misplacement of hard wallet, and price deflation... Anyway, I have been holding my BTC for a year now, so far I haven't lose anything and my money increased better than trading.
532  Bitcoin / Bitcoin Discussion / Re: Who can destroy Bitcoin ? on: October 18, 2017, 03:37:51 AM
The best example is the movie "Nerve - 2016"; If a production has a decentralized server, no one-body can stop it's operations. The movie tells us that before they were able to stop the "nerve", all the users must stop using it... not even a single one should be operating.
533  Economy / Exchanges / Re: BTC - Where to buy? on: October 18, 2017, 03:29:45 AM
If you would like to buy bitcoin without verifying your identity, look for somebody who is selling bitcoin peer-to-peer. You can post your offer in the market section in this forum... most of them uses escrow to secure the transactions.
534  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the Philippines uproar on: October 17, 2017, 12:30:30 PM
Here in the Philippines, the growth in the knowledge about bitcoin is drastically exponential. Could bitcoin possibly influence the improvement and advancement of the Philippine's economical status? In what aspects?
I doubt... I am currently in the Philippines and most people from here who use bitcoins do not really know what bitcoin is all about. Majority of the people involved in bitcoins who I met earn them thru faucets and they don't even know that Poloniex nor Bitfinex exists. Probably, its because the government likes our people to remain uneducated financially so that they can keep them under control. On the other hand, I guess once the Filipinos learned the full concept of cryptocurrency, the government itself will be useless.
535  Bitcoin / Bitcoin Discussion / Re: How many ways are there to earn bitcoins? on: October 17, 2017, 12:20:25 PM
I guess what you must do is look for an altcoin that can be mined/mint using your resources and then once you have mined some, sell it to bitcoins. Another good profit is thru lending, though its risky, its such an awesome way to earn bitcoins out of thin air.
536  Economy / Speculation / Re: what you think about bitcoin in like 5 years? on: October 17, 2017, 10:58:27 AM
bitcoin is five years time in my opinion there will be a lot of hard forks from the original bitcoin blockchain and the value of bitcoin would increase by 300 percent today's price. if transaction's speed and price remains the same, bitcoin's not improving and maybe the price wont grow that much
Oh man! I definitely agree with the raise percentage but somehow I don't think there would be bunch of forks... but if so, that would be lots of free money. I can't believe what happened to BTC Cash recently, and I am glad I had sold my bags before it crashed.
537  Bitcoin / Bitcoin Discussion / Re: Bitcoin Being Manipulated on: October 17, 2017, 10:49:33 AM
Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free. Grin Grin Grin
I don't agree... the market psychology has its cycle and of course the market (people) decides when to sell and when to buy, not China. Imagine this - even though China bans cryptocurrency, if people from outside of China won't sell, the price wouldn't go down. Therefore, it's more appropriate to say that it is the NOOBS who were manipulated, not BITCOIN.
538  Economy / Trading Discussion / Re: WHAT IS THE BEST AND SECURE TRADING SITE IN BITCOIN? on: October 16, 2017, 12:20:01 PM
I'll go with bittrex. Though, i have been trading in Poloniex and Bitfinex for a while now, I still feel more secure with Bittrex... But to be fair with Poloniex, my bitcoins were in the lending wallet of them for a while now and so far it hasn't been compromised by any means. Probably because it's only a small amount.
539  Bitcoin / Bitcoin Discussion / Re: is it risky to turn all my money to bitcoins? on: October 16, 2017, 12:07:46 PM
is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
No, it's not... you can put all your money in bitcoins but make sure to sell everytime there is a bad news. And then buy back at dip to keep the amount of bitcoins in your bag. I assume that you know what i'm sayin... If you are afraid to take the risk of long term investment, it is best if you will take profit consistently.
540  Bitcoin / Bitcoin Discussion / Re: Should I invest now or wait a while? on: October 16, 2017, 10:51:11 AM
Hey guys, my name is Thamos and I'm fairly new to Bitcoin. I've been reading up on Bitcoin for like, only, 2/3 weeks now. I was already planning on investing but I wanted to have a bit more knowledge about it all. I guess now I do.

I was just wondering, seeing how Bitcoin's price has increased by a lot over the last couple days, when would be best for me to hop in the pool. Should I buy now or should I wait till the price drops (even if it's only by a small percentage)?

I'm just looking for some advice. Thanks a lot!
Ok, here is my advise, wait until October 25th because most people will sell by that moment. Once the price decreased a little bit make sure to buy... we call it "BUY AT DIP". And then moving forward, always wait for bad news and then buy at dip... repeat cycle until you already accumulated 1 bitcoin.
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