262
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Economy / Speculation / Re: Is it too late to buy bitcoin?
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on: July 17, 2017, 11:23:49 AM
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no its not too late to buy bitcoins, but as bitcoin is very expesinve right now, you will need few thouasnds of dollars to buy enough bitcoins which will make you millionaire in near future., back in days when bitcoin was cheap it was much cheaper to buy bitcoins., but as the price have increased you need much more money to get same amount of bitcoins/.
if you have the funds buy as much as you can, dont wait till 1st august. nobody can predict whats going to happen on 1st august.
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263
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Economy / Speculation / How low can bitcoin price go till 1 august ?
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on: July 16, 2017, 12:03:02 PM
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i guess the PANIC have started , and price is dropping .
right now 1843.82 bucks and dropping.,
how low you think it will go ? i am trying to buy some and waiting for right time .
thanks
imho i think it will go to 1200
or i am wrong and its not panic selling ?.
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264
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Bitcoin / Bitcoin Discussion / Re: Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe
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on: July 16, 2017, 05:07:53 AM
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that is one hell of growth and ROI.
i have said it again and will say it again. for all the people who wants to be millionaire., the bitcoin ship may look like has been sailed., because the price is high right now, and we cant invest that much to buy 10k/20k bitcoins., but what we can do is , invest in some other alcoin which has future and plan and busniness strategy and is already cheap., buy that altcoin as many as you can and hold on it. if you see history of ether , stellar and ripple then you will know people made thousands of dollars on their investment.
so keep doing what makes you money and buy altcoins., and keep an eye on market.
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266
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Economy / Exchanges / Re: How do bitcoin exchanges make money?
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on: July 16, 2017, 03:18:57 AM
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they charge fees for each transaction and that how they make money. for buy and sell they charge some % , its their cut. If people are putting in 20k and cashing out 40k etc, where is all the money coming from to pay them? people put 20k and cashing out 40k means they bought at low and sold at high, in short someone bought his coins for 40k , so thats where the 40k came from. there are many people doing buy and sell trades. if there are any other methods for exchanges to make money, i would like to know more .
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268
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Other / Off-topic / Re: Those pesky live stream giveaways..
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on: July 14, 2017, 05:46:52 PM
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looks real to me.,and they are not asking to do anything either for coins too., but lets just say you won 25 DGB coins which is price at $0.010047 so you get $0.251175
thats nothing for now., unless you gonna hold them its not worth it/., and even 25 coins are nothing these days unless its bitcoin or ether.
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270
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Other / Off-topic / Re: How does bitcoin made?
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on: July 14, 2017, 05:40:30 PM
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bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange. That's how it is. this is the best explanation you can get., bitcoins are virtually generated by keeping your computers or ASIC miners running , while these machine i.e. computers runnig bitcoin client or ASIC, try to do some very complicated encryptions, which in turns verifies the transactions made using bitcoin network and for that they receive the reward wihcih is part of bitcoin. hope this helps.,
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271
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Other / Off-topic / Re: Life after death
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on: July 14, 2017, 05:36:20 PM
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we come back and take another body not necessarily human, but it can be any animal., but we do come back.,
well thats just my theory/.
but then question arise is from does these new souls coming from ? as the population increases. so there must be somewhere where all the souls are kept .
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273
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Bitcoin / Bitcoin Discussion / Re: Photos: Life inside of China’s massive and remote bitcoin mines
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on: July 14, 2017, 11:13:26 AM
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that is one big mining setup., i wonder how many bitcoins are they mining per day. and how much hash power in total are those ASIC miners are generating., but to setup something like that , it needs lots of money., ASIC miners are not cheap., and whats the fun in selling btc right away after mining., so they must be holding bitcoins for long term., i think electrictyy must be cheal in china a electronis are cheap and labour is also cheap., so its very possible for them.,
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274
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Bitcoin / Bitcoin Discussion / Re: can bitcoin wallet be hacked by hackers?
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on: July 14, 2017, 02:59:08 AM
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yes, it can. there are online wallets and offline wallets.
online wallets gets hacked by hackers by compromising server. while offline wallets can get hacked by virus/trojan and this can lead to compelte losss of bitcoins.
the best option is keep the wallet offline., there are hardware wallets available., if you really need something very secure., then hardware wallets is the only option for now.,
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276
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is instant way to get rich ?
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on: July 13, 2017, 05:39:31 PM
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in my opinion, the bitcoin ship has near about sailed.
what i mean is there is not much much chance to get 10 fold or 20 folds of your initial investment in short period as you said in title., but what bitcoin do is make rich person, super rich. lets say you invest 1 dollar in bitcoin and bitcoin price increases 10 folds now you have 10 bucks. its still nothing as per day to day transactions.
but lets say, you invest 1 million bucks in bitcoin and price increases 10 folds., now you have fucking 10 million bucks., and that is way better option than any other option available out there to get 10 fold return on any investment. but its not instant., it will take time as in 2-5 years.
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278
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Other / Politics & Society / Is there going to be WAR in China and India ?
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on: July 11, 2017, 01:15:12 PM
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if you watch the news then must have known there are some tense situations on border of India-Bhutan-China tri-border
there are Indian and Chinese troops in standoff .
1) do you think there will be war between India and China ?
2) How will it affect India ? or China
imho, war is never the solution .,
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280
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Bitcoin / Bitcoin Discussion / Re: Are you scared to hold until August 1?
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on: July 11, 2017, 12:59:42 PM
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scared ? not much. when i invested in btc , i only invested that much which i am ready to loose if something goes wrong., so i am alrady prepared., in worst case scenario.
but in best case, its a win win.
so i am holding on to my btc.
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