Bitcoin Forum
April 28, 2024, 06:48:13 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 [62] 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 ... 157 »
1221  Economy / Economics / Re: Is Bitcoin ready for world wide 1 currency? on: October 31, 2020, 11:23:31 PM
There are many reasons why Bitcoin can't replace fiat currencies and some are volatility and limited supply. Also, so far we have very low acceptance and don't forget that some people don't even have electricity and they can only dream on internet.
But I don't even think that Bitcoin should take the role of fiat and when we look at cryptocurrencies world Bitcoin already is number one and it will stay so.
Fiat has a pretty high fluctuation rate as well and a limited supply at that matter. What I really believe is the reason why the public wouldn't want bitcoin be a currency is the fsct that it benefits a lot of people from being an asset for investment. If we wanna set it as a currency, we have to drop its value to an amount that evryone can own atleast 1 or 2 of them at any given time. Which is clearly not gonna taste well for investors like us.
1222  Economy / Economics / Re: I tried money making apps! on: October 31, 2020, 10:20:49 PM
There is nothing wrong with money making apps as long as it is legit. I've tried several money making apps before but I haven't earned anything because I always give up, due to the points that is getting much lesser after a long time of using it. Some are scam but others are really legit too. It only needs more patience and hard works to earn real money.

Even if you are patient, you will make peanuts as compared to the data and time spent on those apps. Since most of the apps run on ads for payout, you are just one small fish for them while your earning will be so so low because you can't really see millions of ads in a single day but few for which your earning will not even match on the battery charge you will spend on the apps!
Well the thing with these money making apps is that you have to invest huge amounts of time on them in order to get paid. You can't jump from one app to anpther just cause you found out that you can't get paid right away on this app. They do pay and it may be in small amounts but at keast you got something. You can't pick 20 dollars just walking around your local park you know.
1223  Economy / Gambling discussion / Re: Multi bets vs single bets on: October 31, 2020, 09:34:21 PM
It turns out that many choose a single bet, definitely because they are eyeing a big win. Though I love multi bet, because I believe multi bet
can increase our chances of winning.
No, it's not like that, multi be in reality will lower your chances of winning compared to single bet, maybe big winning but you need to be lucky to do that.

By betting on several matches, usually one of them will work. To reduce the risk, multi bet can stake with
less amount. Even though the profit I made from multi bet was smaller than the single bet. But for me playing multi bet is more interesting,
because it is more challenging.
Huh? your statement seem to be different to what everyone are thinking and experiencing.

Multi bet results to bigger win due to high odds, single bet lower win due to lower odds, should work that way.
Unless you are betting $1000 for a single bet and 1$ for a multi bet.
Kind of counter intuitive actually in real life. Coz muti bets work like the lottery, the more you put in, the less your payoff is going to be. Knowing that everyone around you is gonna chip in the same amount of bets like you or sometimes even more. So I prefer single betting, if I lose, at least it's not that big.
1224  Bitcoin / Bitcoin Discussion / Re: The world after the last bitcoin is mined on: October 30, 2020, 11:41:31 PM
Fully mined bitcoin doesn't mean it will be centralized. Still, you will be the owner of that amount you are holding and you can transfer funds without a centralized third party. That means bitcoin is decentralized forever. I am sure we will not alive during that time, we don't know if bitcoin exists till 2140. Who knows if bitcoin replace by some other currency. But stay sure, it will be decentralized if exist.
I'm not getting why bitcoin has to be centralized if everything were all mined. Apologies but I just don't understand the logic behind it. Bitcoin is meant to be centralized at the date of its programming, up until now that it is the biggest coin in the market. And besides, it's not like you'd run out of transactions soon as every bitcoin is mined, transactions will still be there.
1225  Bitcoin / Bitcoin Discussion / Re: [Tutorial] Making your crypto inheritible on: October 30, 2020, 11:16:55 PM
^ That is a good tutorial OP.
This is really of great help, I have already read few threads about the same post that if bitcoin holders died suddenly what will happen to his bitcoins if failed to give the key to someone,

https://bitcointalk.org/index.php?topic=5284824.0

I think the thread above could be one of those kind of such that tries to remind users and hodlers on the need for letting trusted person know about their hodling and I think that is a good advise for all of us and others .
True. This has been an ongoing issue ever since bitcoin became an asset. A lot of people we don't know who have a bunch of bitcoins stored in them hard drives who have lost them or died can't have their families enjoy what they have cautiously saved up, so having this compelling feature integrated, if not introduced as a standalone, is really beneficial not only for those people who are looking forward to giving their investments up to their trusted loved ones but also for their security.
1226  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not needed but only for investment purposes on: October 30, 2020, 10:41:05 PM
To be fair with the question, I don't really do much with my bitcoin except keep it in a stash and just let it sit there idly. I do this because I want to safeguard whatever I earn and entrust it to myself alone. The appreciation in value, perhaps, is just a bonus on the side. Given my run-ins against banks imposing ludicrous maintenance fees every month on my passbook accounts with them, I just see to it that the frustration and questions I reserve every end of the year for waiving those is nowhere to be found when I keep whatever I earn in crypto. It's an easy avenue to comfort and peace of mind when it comes to MY money that banks cannot give me no matter how good their track record is.
I think what the OP meant of "needed" is in terms of purchasing goods and items, which clearly bitciin isn't suitable for at least for the meantime. But nevertheless, bitcoin is needed by many people, either as means of purchase with the peace of mind of security and anonymity, or because they want to earn. Most jobs right now rarely get you by, this is where cryptocurrencies, particularly bitcoin, comes in.
1227  Economy / Gambling discussion / Re: How far will you go when you sent btc to a site with high fee but... on: October 30, 2020, 10:11:42 PM
As I couldn't complete the question in the title, below it is:

How far will you go when you sent btc to a site with high fee but could not get it into the site because either the fee was low based on that time or they credit it after some confirms. Fee has become the talk of crypto nerds and everyone thinks that it is already so high. What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.
Really depends on how Confident you are of yourself or your betting strats. If you think you can win big and earn back the high fees you have paid initially then the most sensible answer is that you'll push for the bet. Regardless of if there are discrepancies you meet along the way. But if you think you're not gonna win, of course you'll second guess on pushing the bet.
1228  Bitcoin / Bitcoin Discussion / Re: Make your choice now! on: October 29, 2020, 11:30:50 PM
We all know that working for the country especially if you are in the government, a lot of benefits. For example here in our country, a lot of people dream to work under the government, because of benefits and some of their workload may not that so many and not that busy.
But for me, it's not my dream job at all or maybe it is involved with my skills.

Trading cryptocurrencies while you are working or having a day job, may a good decision especially in your work, you are not that busy and you got a lot of time to learn how to trade.
This is just another issue of time management. So far I don't see US banning cryptocurrency entirely so I'm not so sure why she is torn between her job and trading. And mind you. trading can never replace a stable employment. It is just meant as a source of passive income and not in any way supposed to replace your current job. But if you're earning more than your regular 9-5 shift, then I would understand where you're coming from.
1229  Bitcoin / Bitcoin Discussion / Re: If bitcoin reach $20k fee will be huge? on: October 29, 2020, 10:41:58 PM
If bitcoin reach $20k fee will be huge?
is it going to get worse and worse the more the price up? or it fixed itself

That's the practical issue! We have seen a similar trend during the last time bitcoin reached its ATH. Even if you see the fees chart for last 5 days, it has already started going up! Probably it's a great time to mass adopt LN! There is no way to automatically fix this because it is directly linked to the volume of the transactions.

Basically, the transaction fees in bitcoins are the same regardless of how much bitcoin in USD reaches, however, the story is different when we're talking about USD with respect to bitcoin as that will increase along with bitcoin's price. Been a big issue among the ones who cashed out when bitcoin reached an ATH last 2017, a lot of hopes were put into the lightning network which promises to solve these issues.
1230  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't money and that isn't bad! on: October 29, 2020, 09:48:40 PM
Quote
Things I can't do with Bitcoin: Pay rent, pay my internet, pay my electric, pay my grocery bill, pay my pizza tab, pay my fine for my speeding ticket, pay for medical marijuana anywhere in Arkansas legally, and the list goes on and on.

Really depends on where you stay! In Arkansas, you really can't, but in Japan, you really can! You can even get your salaries in bitcoin (if you want)! So what you can't or what you can in Arkansas, doesn't really tell us what bitcoin can or can't! You may be in a wrong place!

Also don't you think you are asking a lot from a kid who is just 11 years old? Let him get adult and then we talk!

Bitcoin has just started maturing. We are seeing great interest coming from corporates around the world. Some have gone ahead and started keeping a minor percentage of the their cash reserve in bitcoin. The entire market is slowly maturing despite all odds it is facing from the regulatory agencies worldwide. So no one has the right to decide that bitcoin not a money by just its acceptability at grocery stores! Smiley

Basically this means that bitcoin is money for some but not for all. Perhaps from where the OP was, bitcoin adoption was scarce, if not non-existent at all. Then again, I would agree that with the current stature of bitcoin in the public's pockets, it's more of an asset rather than cash really. More people would want to trade bitcoin than to use bitcoin for purchases, at least from what I observed.
1231  Economy / Gambling discussion / Re: Cashless gaming now available in land-based casino in USA on: October 29, 2020, 09:08:29 PM
If this will be implemented and adapted by most casinos, I think the majority of land-based casinos might resume their operations since one of the main reasons why the government is strict on halting casino operations in some places is to avoid social gathering. This could lessen direct contact in casinos and lessen the risk of contracting virus since casino games will be cashless.
Precisely. But this also means more money for these casinos as people spend more when their money is in their cards or in digital form instead of when it is in cash form. So this is a win-win situation for these casinos. Might as well give a public advisory upon hopping on these gambling websites to assure that the bettors are in complete control of their money.
1232  Bitcoin / Bitcoin Discussion / Re: Thinking Bitcoin is Scam on: October 28, 2020, 11:29:57 PM
So It is a great slap to the mostly people who think Crypto is illegal. Now they understand the power of crpyto in upcoming less than 2 years and it will change whole market , the early adopters will take great benefit.

There are reasons why some people think bitcoin is illegal. Like my parents who are born before the internet, they think it's a scam because it's not tangible and can't be used somewhere. I can't blame them because even if you explain it to them, they will find it difficult to understand. There are others too who become a victim of a scam so they only think of bitcoin as a scam. We should not be gatekeeping or belittle those who hate bitcoin instead we should enlighten them that it is not and it has a lot of benefits in the future.
In that case, knowledge beats ignorance. Gine are the days where "old dogs can't be taught new tricks" because ypu have to ride the wave to survive. Just because you have no idea of how it works you'll be condemning the whole idea and the product. That's not how it works. We have the internet for that which I'm sure even old people are able to use with relative ease. DYOR, that's the best treatment and measure to ensure that you are on the right track.
1233  Bitcoin / Bitcoin Discussion / Re: Missed the golden opportunity, now what?? on: October 28, 2020, 10:06:17 PM
It doesn't necessarily mean you're late though. The number of people who've mined/bought BTC when it was worth almost nothing and held up to this day is extremely small. Nobody knew it'd ever reach this price point.

It's almost like 10 years from now we'd have a Bitcoin worth a billion bucks. Before it gets there, almost everyone who's purchased today would have sold at $100k, $1M or $10M. Those who'd still hold either have a shitload of money they don't really need to sell Bitcoin in the future anyway, were lucky enough to forget the password to their wallets for many years and became rich or so.

On the other hand, the opposite could happen. You never know how, all of a sudden, people start not giving a crap about Bitcoin anymore and the markets'd crash like never before.

The main idea is, you have to assume the risks and, if you can do it, then join it. It's a fun ride anyway. Smiley
Exactly. Most people who saved up their bitcoins from day one are the ones that are really late because a lot of them jumped ship years ago when bitcoins won't even buy you a can of beer. You don't have to worry about being late because bitcoin will provide. And with the current publixity bitciin is facing, we can only go upwards from here, meaning there's no way bitcoin will go back from what it was years ago, even if you argue it's high volatility rate.
1234  Economy / Gambling discussion / Re: Does Bitcoin price rise affect your gameplay? on: October 28, 2020, 09:23:31 PM
Hey guys,

As we all know, the Bitcoin is experiencing a decent price increase and it is slowly but steadily rising every day. Has it affected your gameplay somehow?
Some gamblers think if the price is so expensive it would be difficult to get profits.

How about you?

Cheers,
Karl
Bitcasino.io
A lot of people get pumped up when they see bitcoin's price increase It's totally understandable as the mentality this gives the bettor is that what they usually bag home will become even bigger. However, more players playing means more players losing money in the process, especially for games that restrict to only one or 2 winners.
1235  Bitcoin / Bitcoin Discussion / Re: Bitcoin for Christmas on: October 27, 2020, 11:37:43 PM
We are already in "ber" months which it is a sign that we are fast approaching on Christmas day which is on December 25.
I have this on my mind that I'll start to prepare my present or gifts to some of my friends and family.

I want something related to Bitcoin like I will give a present that has related to Bitcoin, like some Angpao on Bitcoins? Paper wallets with Bitcoin inside? Or anything else.
So I am here asking for some opinion of yours, what's your suggestion for a present or gift for our loved ones for this upcoming Christmas?

I think the best thing that you can do is to ask them or at least have a single idea of what kind of present do they want. It will cause a conflict if you will give away Bitcoin without them knowing how to use it. Purchasing things like personal stuff online is also good preparation for you. Just don't forget to save your holdings because we all know that Bitcoin is too surprising. The bull run might happen anytime so we better be ready.
Precisely, though if it's for a white elephant, you may be able to get away with it without really explaining how it works. Either way you're doing the person a favor by jumpstarting their investment journey if they haven't been in it yet. Soon as you give them the gift just let them know how it works and you should be able to pull things off nicely.
1236  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a new investment on: October 27, 2020, 11:09:12 PM
Bitcoin is one of the strong cryptocurrency and it is the most stable digital coin nowadays. Also, bitcoin is one of the promising investment in digital world. Since, peoples economy nowadays are unstable due to the pandimic situation in the world. Peoples are looking for new source of income to improve their economy. Do you think bitcoin is the best investment choice nowadays to earn money?
Bitcoin's relevance becomes bigger and bigger and it becomes more embedded to the popular culture if not the public's lives. Big names in the trading industry, even those who were a big critic of bitcoin suddenly rode the train themselves. If this is not an evidence of bitcoin's growth I don't know what is honestly!
1237  Bitcoin / Bitcoin Discussion / Re: What happens to my bitcoin if I die today? on: October 27, 2020, 10:37:15 PM
Yes, your bitcoins will be forever left in your wallet if you die today. Maybe you will give your child a private key to pass your bitcoins on to your child. So, if you are dead, your child will inherit your bitcoin and will not be buried in your wallet forever.
This is pretty much the case basically. No other way for people to get a hold of your precious bitcoins when you die, not even your relatives. Though this may sound sad, there are other ways of entrusting your relatives of this which includes dividing your seed phrases to more people in order to ensure that whoever decides to open your wallet, it will be of course through a built consensus between this group. Personally, I plan on doing this trick to ensure that no single person in the family can get a hold of it and hog it for themselves. If you gotta take it, you have to share it.
1238  Bitcoin / Bitcoin Discussion / Re: The number of Bitcoin whales hit an all-time high during the latest bull run on: October 26, 2020, 11:43:28 PM
On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. This indicates the number of Bitcoin (BTC) whales reaching a new all-time high recently.


https://studio.glassnode.com/metrics?a=BTC&m=addresses.Min1KCount&s=1562062216&u=1603670400&zoom=

Based on this data, we can surmise that the whales control at least 2.23 million Bitcoin — a significant figure equivalent to 12% of the current supply.


https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

According to data from BitcoinCharts, these whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply. Although we know the number of whale addresses, we do not know how many individuals or entities control them. Multiple addresses could be controlled by a single entity, or likewise a single address could be controlled by multiple parties with a multi-signature wallet.


https://studio.glassnode.com/metrics?a=BTC&category=Lifespan&m=supply.HodlWaves&s=1481224923&u=1603670400&zoom=

https://www.google.com/amp/s/cointelegraph.com/news/the-number-of-bitcoin-whales-hit-an-all-time-high-during-the-latest-bull-run/amp
Not so sure if we have to be scared about this or not really. I mean 12% of a public commodity being held by as few as a thousand addresses can turn the tides against the small investors like us. Let's hope these overlords don't play with the people below them by dumping a huge sum of the coin, or gatekeep the small investors by pumping it too much that you can't even buy a considerable amount for yourself.
1239  Bitcoin / Bitcoin Discussion / Re: Bitcoin for salary on: October 26, 2020, 11:09:41 PM
depending on the legality of bitcoin in your country, if bitcoin is allowed to access employee salary payments or others, then you can do it. However, are your employees ready to receive a salary this way? Of course you and your employees have to make an agreement, which exchange rate do you want to follow? bitcoin or your local currency? In this case, no one would want to be harmed. So, also think about the volatility of the bitcoin price for the smooth running of your company.
This would cause a massive dump on the price of bitcoin. Deposits from the employer will pump it a little, and ofccourse the employees are bound to withdraw it. This will cause a severe dump into the price and may even halt one of the biggest reasons bitcoin is at its prestigious level right now which is trading. So I'm totally against it. Not because I don't support bitcoin, but because supporting this venture will hurt the other commerce.
1240  Bitcoin / Bitcoin Discussion / Re: Regulation possible? Regulation Inevitable? on: October 26, 2020, 10:39:47 PM
Regulation is inevitable. Right now most centralized exchanges don't  serve unverified customers. We have to deal with KYC and AML rules.
Regulation to combat scammery and coin theft... Prety interesting. Although that also means losing a bit of bitcoin's functions just to do these. Unless we have a more advance way of executing these without violating bitcoin's functions, I'm not sure when or if we will even get these news.
Pages: « 1 ... 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 [62] 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 ... 157 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!