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941  Bitcoin / Bitcoin Discussion / Re: What happen with Bitcoin cash after 25 october? on: October 08, 2017, 08:41:15 PM
Bitcoin Cash is an altcoin like other altcoins. Nothing special will happen. Bitcoin holders will receive Bitcoin Gold. And I don't think it will affect Bitcoin Cash.

I like the idea of Bitcoin Gold. I don't like the equihash decision. I think they should have gone with multiple algorithms to allow for many types of hardware to mine the coin. Hopefully equihash is just the first of many algorithms to be supported.Also, Bitcoin Gold must turn its focus to privacy and security.
Right now Bitcoin suffers from slow transaction times, and large block chain (150GB atm). Unless addressed, these problems will only grow.
942  Bitcoin / Bitcoin Discussion / Re: What Will happen if all bitcoin already mined ? on: October 08, 2017, 02:07:24 PM
Think about Fed or other Central Bank. They can print money whenever they want - and control the "local" economy jusy by adding extra cash in the system or lower the interest rate. As a matter of fact the value of its money is cheaper so citizen can spend it more. BUT be aware that system is controlled by an authority!!! Are you sure you can trust them ?

When the money printed is too much the entirety economy goes down because of inflation of hyper-inflation ( see what's happening in Venezuela ) and what you own is just a bunch paper with some ink on it.

So thanks to its definited amount ( 21 MBTC) , BTC will never be influenced by inflation and yet it can only growths its price.

The issue is that profits from mining new bitcoins is continuously decreasing (and will reach 0 in 2140, when all bitcoins have been mined), while cost of mining is increasing. So to keep miners mining (because without miners the whole system breaks down), they need to be paid somehow otherwise. This is where transaction fees come in, but it's in my humble opinion also the most problematic part (next to lack of scalability) of bitcoin. The more you pay, the faster your transaction will be processed, the less you pay the slower (or possibly never if you are unlucky) is your payment processed. This means for your payments to be timely processed, you'll have to pay a sizeable amount of transaction fees, as you don't have a guaranteed transaction time, but have to pay for it. Just imagine you: timely pay your rent, but don't pay a high transaction fee (possibly because you simply can't afford it) and get thrown out of your appartment, because the transaction was simply not processed (or not fast enough) because of it and you not willing (or able) to pay a premium for fast processing. So in a very problematic situation you might be forced to offer transaction fees, that would make the interest of a loan shark look like a good deal, just to make your payment work.
943  Bitcoin / Mining support / Re: What is Bitcoin mining? on: October 08, 2017, 01:28:50 PM
Bitcoin mining is like machine money. I love bitcoin mining . in 2014  I start mining bitcoin.

Mining requires a lot of energy to make it so there is a physical cost regardless of the currency used, so that it costs more to attack the chain than it does to help ensure it is working well.
944  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is better than Cash. on: October 08, 2017, 01:07:22 PM
Yes bitcoin is better that cash,because compare to bitcoin in the banks the interest rates are low, with bitcoin it is increasing every year. And very much safer in terms of robbery, and if you travel you don't need to change your money from time to time. Since bitcoin is digital currency just pay your bills online it is very much safer, because you will not disclose your bank details.

I agree, beside that, In fiat currency, the government can create more money because they 'just said so', but in crypto-currency's designed as Bitcoin is, you can't create more money like that, because the system has an upper limit. In a fiat currency, you have notes and coins in your pocket, and numbers on a computer in a bank. If the government wanted to, they can create more coins, notes and numbers, which would have the effect of magically taking value away from your pockets. In a currency like Bitcoin, this can never happen, because more cannot be manufactured. This is why we say "Bitcoins are mined" instead of "Bitcoins are minted", because the Bitcoins already exist, they just need to be secured. But coins and notes don't already exist, and they are manufactured by decree using standard materials that are abundant throughout the planet.
945  Bitcoin / Bitcoin Discussion / Re: What if bitcoin will be made as the official cryptocurrency? on: October 08, 2017, 12:38:50 PM
It can be soon in USA. Bitcoin’s first crypto now, so why not?

Bitcoin is in no way fiat as no government has decreed it to be money. Rather, its role as money and value is being determined by the market, by people voluntarily exchanging their work or fiat currency for bitcoins. The big difference between bitcoins and dollars is that bitcoins are a scarce electronic commodity.
946  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM's on: October 07, 2017, 04:46:30 PM
Hello All,

Since getting into Bitcoins, I have noticed in my local area that there are hardly any ATM's to convert Bitcoins into cash to spend and I guess many others feel the same from time to time.

So I spoke to my local store owner and he might be interested in getting a BTC ATM if all the sums add up and he will make a profit from it.

Are there any places that I would be able to enquire to find out where I would be able to get one of these ATM's?

Also does anyone else know if it increases the people using the store and by how much in percentage wise?

I might have further questions.

Thank you in advance.

Buying and selling through the Bitcoin ATMs typically it's not cheap. Most ATMs are sitting at between 6-8%. You end up paying for the convenience and anonymity. Online exchanges are cheaper by a long shot, it just depends if you want to upload your ID and personal information.If you want to buy a Bitcoin ATM you can find it online cost between $3000 and $9000.
947  Economy / Trading Discussion / Re: What are the most used exchanges these days? on: October 06, 2017, 01:06:57 PM
I tried different ones, but the best exchanges in my opinion is Poloniex, Bittrex and Kraken. in terms of ease of trading, the platforms is very easy to use, variety of coins and even customer service.
948  Economy / Trading Discussion / Re: Day Trading Alt coins on: October 06, 2017, 12:45:25 PM
Currently new to the Bitcoin/alt coin world. Want To know best practices for day trading, and any altcoins that are in paticularly good for day trading??.

Cheers Cool

Day trading is very risky  if you don't have experience in technical analysis. Personally, I am holding 90 percent for a long term  to avoid Panic Selling. I suggest to hold the TOP coinmarketcap coins.
949  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you using Bitcoin Cash? on: October 06, 2017, 06:38:54 AM
Honestly, I still hold it but i think BCH will not challenge BTC because transaction times have been an issue and also cost per transaction. BCH futures coin will only be used to facilitate large storage of value. Not as cash. No chance. Now BCH are just like all the other coins, only difference being BCH will still have large transaction fees. I could be wrong, I may have missed something, one thing that does puzzle me is the 8MB block size, wouldn't this make it worse than Bitcoin in terms of centralisation, it's just my opinion from what I have read and heard.
950  Bitcoin / Bitcoin Discussion / Re: Do you believe that digital currencies will replace Fiat? on: October 05, 2017, 05:46:26 PM
The trust model in bitcoin is different. I know that the system is not subject to the whims of an elite (or less so than with fiat money anyway) relative to the money supply. The only trust I must is derived from the size of the bitcoin economy. It's tiny right now, compared to the USD for instance. But it's growing everyday, and with it my trust of it. Already bitcoin is more trust worthy than a couple national currencies and I don't see this trend stopping. It's unfair to compare bitcoin to the USD (the most successful currency in the history of humanity). What I'm pointing out is that bitcoin as the potential to overthrow that. By being border less, bitcoin has the potential to be supported be the biggest economy in the world. National currencies are artificially contrived to their borders (not entirely but very much so).

Saying that bitcoins get their value from CPU cycles is the same as saying that US coins get their value from the force applied by the press during the minting process. Or that gold gets it's value from every cycles that the mining equipment go through. You've already acknowledged that currency gets value from trust in the overall economy. I have trouble following your argument.

There is no trust relationship between me and the bitcoin network. My trust comes from an understanding of the programming/math behind bitcoin. I don't have to put my trust in an individual or an institution, like the government for instance. My trust in the currency (not the network) is based on the size of the economy. If there were only two people trading bitcoins, I wouldn't trust it. If there's 2 billion people trading, I'll trust it a lot.
951  Economy / Economics / Re: what will happen to banks? on: October 05, 2017, 08:25:40 AM

Well, If you haven't notice so far, The Hard Fork plan that was laid for Bitcoin and all the fuss that was going around the topic, has proved that there are alot of things that been hidden in the dark now coming to light, No matter what you think Bitcoin is, Unfortunately, Only the early miners and the hard investors today are the ones whom are really dominating this Currency, and by the time we manage to wake people up to the power and importance of Bitcoin, It would be already too late, for the Bankers and elites would already be Taken over this section as well if not already, not by Regulating it, or shutting it down, but by accumulating as much and what is left from the Available amount of total bitcoin supply, and day by day now, we're seeing banks are switching into bitcoin with bheavy investments and even governments has mining special houses. whatever BS that these so called "Elites" in this 2017 conference, it's just nonsense to let us think that they are on the Losing side and are trying to save themselves, and that we "The People" are winning and taking over our financial freedom back again.
952  Economy / Economics / Re: What country do you think will recognize Bitcoin as an official currency? on: October 04, 2017, 06:36:54 PM
Bitcoin and cryptocurrencies are very volatile right now, The elites that control the global banking system and governments will never let crypto become a thing unless they have total control over., they might get banned in some countries, but I think they will never go away, So recognize Bitcoin or any cryptocurrency Must accept the Philosophy of the new technology of blockchain. I blieve a lot of democratic countries need to take the opportunity first.
953  Economy / Trading Discussion / Re: Do I hold? on: October 04, 2017, 05:54:23 PM
You never lost with hold. Buy and forget your coin and don't track daily prices. If you track you can make panic and sell your coins.

I certainly not disagree with your opinion, to be fair I am almost only holding my coins but reading the news its the important thing to keep you informed what's happening on the market.
954  Economy / Trading Discussion / Re: What to do when prices are falling on: October 04, 2017, 05:37:30 PM
prices are falling. Keep calm and watch the news. If you are not calm. You will lose a lot of your money. It is best to wait for the price up and you will be profitable. I do not know how long it will take, but I still believe in it. will increase the price

I agree with you, uncertainty regarding the future outcomes is the biggest reason for not holding the coins, The most losses of investors of gains is investing on scams coins or selling too early on promising projects, Then boom, out of a sudden news leak on reddit and the price hikes basically overnight. Since you cannot time these it can be a good strategy to simply say "find a coin you believe in and just hold it for at least several months - it may not go up immediately, but in the long run you will be happy".
955  Bitcoin / Bitcoin Discussion / Re: Offline Wallets Vs Online Wallets on: October 03, 2017, 02:04:06 PM
I use online wallets, offline ones seem too much hassle for me, moreover I only have a very small amount of BTC that I don't have to be afraid of losing.

I also use online wallets because the process is very easy, I think the online wallet is safer than the wallet ofline. if we send bitcoin from our wallet to another wallet online then it is very easy process of delivery.

Online wallets are are unsafe for a large amount of Bitcoin. The best cold storage is hardware wallets. Most of my holdings are easily traced since it came almost entirely from coinbase.
956  Economy / Services / Re: ● BTCBET.CC ● Signature Campaign ● [ENDED] on: October 02, 2017, 06:05:43 AM


Thank You Sir,

I am glad to work with you  Cheesy
957  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Ethereum on: October 01, 2017, 08:51:47 PM
Both Bitcoin and Ethereum are valuable crypto currencies and profitables. But Bitcoin still the best as it have the biggest community around the world, and also its price is a lot higher than ETH.
ETH nowadays is mainly used by tokens holders and traders, and to generate profit from the ICO projects. The crypto currency is also profitable if you plan to trade it
ETH still need to do many things to have accept from people arround the world. now many people when say about crypto currency the only coin they know is just bitcoin

Actually it isn't judging by the fact that this currency is still holding strong after countries like China or South Korea put regulations on ICO's. This shows that many people actually do use this currency like the average person would use USD.
958  Economy / Trading Discussion / Re: How do you decide when it's time to sell? on: October 01, 2017, 07:45:51 AM
If i don't have time to sell coin, i just hold it, because every coin will pump again. No one can say how long i should hold my coin, because it vary from pump to pump. I use my personal inuition and knowledge.
959  Economy / Trading Discussion / Re: how improve trading on: October 01, 2017, 07:27:13 AM
My TRADING TIPS :
Cryptocurrencies is the game of the patience, small profit never kill. Sell when you got profit.
- DO NOT GO ALL IN AT ONCE
- DO NOT BUY AT MARKET PRICE
- Set your buy in price 3-5% below moment price
- Use 15-20% of the total investment you want to make at the beginning
- Remembers use stop loss when you see market look to unstable
- Just invest in 3-4 coins.
960  Bitcoin / Bitcoin Discussion / Re: Bitcoin Fork 2 ? on: October 01, 2017, 12:20:25 AM
Bitcoin gold probably the swankiest name of all the bitcoins, is being led by someone named Jack liao Li, he's the head and the CEO of a cryptic mining company in Hong Kong, it appears as of now Bitcoin gold will launch October 25th the same as i think that we saw with Bitcoin cash it launched about five or six days earlier. It will be put on two exchanges around the world on November.
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