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I agree with everything you guys are saying, personally im very positive
about bitcoin and always have been. This thread is for those who are
confused and there are still some, is now a good time to buy?
I have been saying, yes! and i have been buying on and off since early
January.
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To separate yourself from gamblers you can give honest reply can you stay away from any kind of gambling for two weeks or a month. I also have my favorite games, but I'm able to not come back to them for a long time when I'm not in a gambling mood and short with money.
Thats it, to be able to walk away from the gambling or gaming for a length of time without having the urge to fall back into the routine can be difficult when its an addiction, actually its almost impossible. But if its something like a favourite ir a hobby its easler to set it aside for a period of time. |
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So there are still a lot of decisions that can be made and there are some out there who dont know what to do in this current Bear market. There is talk about bitcoin falling back to around $1000 and there was a mini frenzy last week when the markets rose with calls for the Bulls! Before today I thought that Bitcoin wouldnt fall to $1000 but after talking to friends they are not buying at the moment and are going to wait a bit to see if the markets fall back, but what if they dont? there could be a lost opportunity. But what if they do and you have bought now? Well consider "Dollar Cost Averaging". This is a technique used to buy at regular intervals with a fixed amount. Play it safe and take advantage of the moving markets. If the markets fall you have some buying power to take advantage and likewise if the markets rise well at least you have bought some at a lower rate. https://www.investopedia.com/investing/dollar-cost-averaging-pays/ Dollar-Cost Averaging Example
For example, assume an investor invests $1,000 on the first of each month into Mutual Fund XYZ. Assume that
over a period of five months, the share price of Mutual Fund XYZ at the beginning of each month was as follows:
• Month 1: $20
• Month 2: $16
• Month 3: $12
• Month 4: $17
• Month 5: $23
On the first of each month, by investing $1,000, the investor can buy a number of shares equal to $1,000 divided
by the share price. In this example, the number of shares purchased each month is equal to:
• Month 1 shares = $1,000 / $20 = 50
• Month 2 shares = $1,000 / $16 = 62.5
• Month 3 shares = $1,000 / $12 = 83.33
• Month 4 shares = $1,000 / $17 = 58.82
• Month 5 shares = $1,000 / $23 = 43.48
Regardless of how many shares the $1,000 monthly investment purchased, the total number of shares the investor
owns is 298.14, and the average price paid for each of those shares is $16.77. Considering the current price of the
shares is $23, this means an original investment of $5,000 has turned into $6,857.11.
If the investor had spent the entire $5,000 on one of these days instead of spreading the investment across five
months, the total profitability of the position would be higher or lower than $6,857.11 depending on the month chosen
for the investment. However, no one can time the market. DCA is a safe strategy to ensure an average price per
share that is favorable overall.
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ok so you are playing a new system, 50:50 on two single games.
Todays result was a 50% win.
Valencia - 0 - Espanyol - 0
Spal Ferrara - 1 - Fiorentina - 4
Tomorrow needs to be 100% win - no pressure!!
Good Luck.
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Decentralised or centralised a lot of people dont care at least the vast
majority of people supporting centralised crypto dont, they are looking
at the potential profit.
Take Ripple for example, the best example, almost everyone knows its
centralised but yet it continues to be supported. I first bought Ripple in
january 2017 when it was worthless and sold it again later in 2017 when
i learned it was centralised. If i had stuck with it I could trade it now
for about 4 bitcoin.
Its mostly speculation which is supporting these coins
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I used to gambling at loteries i may say i didnt risked a lot money usually i spended 2 euros up to 5 euros weekly,meaning 20 euros montly,but well i had won some prizes but in the end i may say for personal i lost much more money then earned at this.Soo why people keep buying?Word is facing financial problems but people keep buying these.. did you figured that already?There is some lotery of bitcoin online,where we can buy a ticket and be able to get the prizes ,i mean one trusted not a scam.
I am not an addicted to lotteries but I have been using it often when I have free money and I won a little amount only in lotteries but I expected a huge profit from this for living peacefully and rich person. You have to think of the odds of winning a lottery. For example here are the odds for the euromillions The odds of winning any prize playing EuroMillions are one in 13.
The odds of winning the EuroMillions jackpot is much higher, at 1 in 139,838,160, You have to treat it as pure luck. |
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Part of the problem is that nearly all firms would have to buy bitcoin to
pay a freelancer who then would most likely convert the bitcoin bact to FIAT.
Firms can use paypal as mentioned and can use SEPA bank transfers
to send FIAT.
We are still in the early stages of bitcoin usage, it can get better but
unfortunately it would take regulation so firms can avail of tax breaks.
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One kf the first things we are taught on the forum is not to trust anyone.
Its a gard lesson but now you know the scammers are everywhere.
As a consolation you are highlighting the fake site which scammed you
so others here can be aware and not fall for the trap.
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Does anyone know if what they are saying it is true about the price of Bitcoin dropping again in February and March ?
I’ve been seeing some people saying that on Twitter that price is still going to drop in February till March ?
Is it best for us to sell our Bitcoins and maybe wait to see what happens then or just confine to hold ? I need an answer please, and thanks. Previously, I was hoping for positive trends from the beginning of 2019 but even after 45 days in 2019, I am seeing no improvements.
Yes, I heard that news, but I don't think too much, and I only believe what I see in the market. Many people are trying to predict what will happen with bitcoin price in the next month, but I don't think that they can predict with precisely because it's too difficult to know the real. Selling bitcoin is a good idea especially if you want to buy a low price later, but you need to know where the price moves so you are not making a wrong decision. So basically, what you said is that it is a gamble! Whether someone hodls or sells now to buy at lower price, since noone can predict BTC prices it is a pure gamble. I'd say that we have a reached a certain point in the baerish market. Sure, we will have more ups & downs, but I wouldnt sell everything right now, maybe just a 15%-20% of my portfolio to re-invest in the next price droppings. By the 2021 the market will enter a new bull phase, so hodl'ing a portion of portfolio seems the right choice for me now. There are lots of people, myself included who dont trade. Shure enough as soon as sell the price will rise and not fall back, it happened before to me so I choose to hold ( and spend a little every so often). But buying is alwats good in this bear market and if you dont sell and the price falls we can buy more. Buying not selling is my plan |
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There is nothing we can do about the card companies increasing their rates
and the general public (a) wont be aware of it and (b) wont care too much.
If people in general do notice and care are they going to move to bitcoin?
im not sure, there is unfortunately only certain things that are available when
using bitcoin. Groceries, fuel and utility bills are not widespread accepting
bitcoin.
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Ok so the experts who are predicting an 84% rise in bitcoin before the
end of the year would potentially be in line with a run up in value prior
to the bitcoin halving which has historically been the case.
I have kind of lost interest in what the "experts" say. It looks like they
are basing their predictions on ETF and LN.
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I think its just terminology.
If you are a player and have a favourite game, its a favourite
for a reason, the game suits you, you are able to win or progress
in the game compared to other games where you didn't succeed.
So technically you could be addicted temporarily but being able
to control it is what truly seperates the favourite from addiction.
If you cannot control the pull towards playing then its addiction.
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no I wouldn't be using that service.
Its a gimmick to entice newbies to Coinbase, making it seem as easy
as possible to create an account and "you don't have to remember passwords etc."
Google will take care of it.
Well if people cannot even bother to store their own passwords without
using a third party they are asking for trouble, not only that but we
shouldn't be considering storing coins long term ONLINE.
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I am not in love with Blockchain or crypto currency because my money is very important to me
stop falling in love with projects and cash out anytime you get your profit
That is excellent advice if you dont believe in the potential future bitcoin can bring. But if you believe in the rise in value of Bitcoin maybe cashing out would not be the best move, maybe 50/50, cash out or spend 50% and hold 50%. anyway yes I fell in love with bitcoin in 2017, it was a good year, lots of lovers tiffs and scandal and the markets moving in tune. |
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Nice infographics and interesting stats.
It really is amazing to think over 80% of Bitcoins have been
mined in 10 years and that just under 20% will take another
121 years.
I also like to see more talk about the block halving, this will
be my first experience of a halving so it will be nice to experience
the talk, [and hype], and to see how the markets respond
before and after the event.
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domino' does not accept bitcoin or LN
a middleman service called Fold does
true title should be. users can buy pizza via...
And here is a lonk mentioning the same. Fold is an app which handles the ordrrs for dominos > https://bitcoinist.com/lightning-pizza-lets-you-order-dominos-with-bitcoin-for-less-than-1-cent/A new consumer app enabling anyone in the US to order pizza using
Bitcoin via the Lightning Network launched last week.Either way its a positive move forward, it will help to get people used to spending bitcoin. A nice treat at the end of the week after earning bitcoin! |
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Everybody can read this post: https://bitcointalk.org/index.php?topic=5070171Lets change the time to delete old blocks with no transactions for the number of years we want to know the answer to that question, if real Satoshi was Hal Finney and he is really dead or if it is Craig Wright or someone else, he needs to move the money and we can assist. Who rules the bitcoin blockchain, is Satoshi? No, we rule it ! I guess that you mean that bitcoin chain is shit because Satoshi's coin is in no use because he is dead? Well, if he is... these coins are locked and they can increase the value of bitcoin as the circulating supply becomes less. With or without Satoshi, the blockchain is decentralized and it is ruled by all people, not by just one. Bitcoin will be shit if it cannot delete old blocks, all databases in the world can delete data, imagine to have emails without deleting data, would be the CAOS just to save all the information, every database (blockchain is just a database) needs to support deleting old data or else its a snowball. If BTC be lost will increase the value, but imagine that in time we lost half of bitcoins and after so much time of stability one lucky guy recover access to one old address that is not moved at some decades and have thousands or millions of bitcoins, he will be the master of the world or even can start to sell untill colapse the market. "With or without Satoshi, the blockchain is decentralized and it is ruled by all people, not by just one."
Do you think bitcoin is decentralized? There is 20 mining pools that rule the bitcoin, 20 mining pools are 20 boss in the world and some of them have the same boss! 99% of bitcoins are in the hands of 1% of the miners, you call this decentralized? Your reasoning is absurd, its like saying "lets make bitcoin into paper notes, lokk at FIAT it has paper notes, why cant bitcoin?" Do you realise how difficult and improbable it is for "1 lucky guy" to recover an old wallet belonging to someone else is? Take a guess and add as nany "0's" as you like. This thread was not created to "knowing if Satoshi is really dead" , It was created so that someone could have coins belonging to someone else, coins which were mined by someone else. |
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This is quite good news regarding Bitcoin, it might even cause Ripple to slide because Ripple was all about making instant payments (but their competitive advantage is compliance with regulators etc.)
I think it's all factored into the Bitcoin price likewise, the issue with Bitcoin or the main issue is trust ... if an account holder god forbid dies tomorrow then how do you get his funds? And would you hand over your passwords to a lawyer to "safeguard" them?
Bitcoin never answered issues like this, so replacing fiat currency is a bit of a trouble... a bank account is committed to keep your money in some way (although we've seen how banks can easily go bankrupt themselves in the recent history e.g. Iceland, Cyprus) - so definitely these are interesting times ahead.
with true bitcoin. YOU own the value. if you dont write the private key into a Will or have a way to let relatives have access should you pass away then yea. you take the value with you to the grave as no one will be able to touch it. and thats the point. no other party accesses it unless you authorise them to. making true bitcoin a good true asset. (only you can own and handle it) LN however, due to counterparty(multisig) locks lessens your ownership rights as your locking the value into a multisig with someone else. downside is that you start needing trust that they wont mess/blackmail/unfairly influence the ownership. LN is not bitcoin. LN is a separate network for multiple coins and is infact more messy then people think. but hey. if you shout bitcoin loud enough when promoting other networks and commercial services you surely will get lots of people talking about it and overhyping it as the nextbig thing even if its not strictly a thing that adds unique functionality to bitcoin even LN devs see and shout out warnings for people not to lock large amounts up, to then play around in LN. mainly stick to a grocery shop amount you wont mind losing, accept its not a sole control, expect delays due to routing issues(users offline/under funded). here is one main LN dev say it himself at a meeting with other LN devs. https://youtu.be/8lMLo-7yF5k?t=570but hey commercial services will continue the overhype, over promote game of throwing buzzwords around to generate interest in their commercial ventures. meanwhile true bitcoin remains stifled and un innovated for the last few years. and still sits below the 600k transaction count per day(7tx/s) number. so many that see behind the over optimism game of commercial crap are still wondering when true bitcoin innovation, scaling and growth will occur. as 2015-2020 seems to just be drama and debate and stall tactics just to promote other networks/commercial services Very interesting post [as usual] Franky1, TBH I wasn't aware of the intricacies of LN, I thought it was in fact a true Bitcoin development. Im sure there are others who assume the same. Its a bit worrying that if the LN devs are issuing caution there may be implications in the future, complicated ones that we didn't forsee. "meanwhile true bitcoin remains stifled and un innovated for the last few years" That's not good reading, Has the development been centered around segwit and LN? |
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That's a great statistic, as posted above it certainly introduces
now people to Bitcoin and Crypto, it also makes it accessable
and easier to purchase although im sure there is a premium.
I know if I had access to an ATM in my local town I would use it
every week after my wage landed.
Would anyone here use one if they got the chance?
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Do you mean bet with smaller amounts over a wider spread of games in
order to create a better average rather than as the OP was doing spliting
the pot in half and betting on 1 or 2 games?
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