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Showing 20 of 45 results by Bitcoinstein
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Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Topic OP
What are the setup costs of developing your own bitcoin blockchain explorer
by
Bitcoinstein
on 31/12/2019, 10:46:17 UTC
⭐ Merited by vapourminer (1)
So the only useful guide I've found is by hackernoon and it is talking about ethereum blockchain explorer setup.
I've been in Bitcoin for several years and now working on my own project. I am looking to develop a blockchain explorer from scratch rather than using existing API (for my personal experience).

What would it really takes in terms of hardware, code requirements and costs?

As far as I understand I first need to setup a Bitcoin node, making sure I have enough storage capacity to handle all historical blocks and transactions (am I right?)
But what am I doing from there? how do I turn it into an database and making my own API?

Does anyone have any guide for it?
Post
Topic
Board Project Development
Re: looking for an investor. final stage
by
Bitcoinstein
on 07/12/2019, 01:09:46 UTC
Honestly, regardless if your project is real or not - you must learn how to ask. It is really rude to ask for money while all you gave to your potential investor is 3 lines of text.
Sounds like a scam for me as this approach is just too cheap to be real. My personal opinion.
Post
Topic
Board Politics & Society
Re: Do you think JP Morgan is an example for current weak regulation?
by
Bitcoinstein
on 15/02/2019, 17:15:31 UTC
What it has to do with the way they behave? I have no issue with the system and the services they provide.

Look at Fidelity, they have been acting like gentlemen in front of the media all this time.
JP Morgan just acting like little kids. With all the respect to their connection and money, let's not forget that 22 Trillion dollars are still missing, and the first payer of this debt is going to be the public.

(http://www.usdebtclock.org)
Post
Topic
Board Speculation (Altcoins)
Re: [ADA] Will Shelly effect Cardano's price?
by
Bitcoinstein
on 15/02/2019, 00:27:20 UTC
The eagerly awaited Shelley update is very much quickly nearing its release from the Cardano foundation.
Is such an upgrade should lead to a dramatic in price?

I doubt that the update will have a strong effect.
Cardano price (connected to Bitcoin) is one of the most stable coins in last few months. If there is any effect at all, it will be positive. 

Why there is such a strong connection between Bitcoin's price to Cardano's?
Post
Topic
Board עברית (Hebrew)
Re: בבקשה בבקשה/ native Hebrew help needed for bitcointalk forum
by
Bitcoinstein
on 14/02/2019, 23:48:19 UTC
Hey,
Yes, you are right, your current translation in Hebrew is made up of software, it is really far from reality.
I am a native Hebrew speaker and I will be happy to here more, please PM me.
Post
Topic
Board Politics & Society
Topic OP
Do you think JP Morgan is an example for current weak regulation?
by
Bitcoinstein
on 14/02/2019, 21:33:35 UTC
It is quite clear the trick Jamie Dimon use to do, shouting "Bitcoin Fraud", create fear among some investors and resulting in a drop of a price.
Many recent resources claim that it was done for purchasing Bitcoins. More than that, all JP Morgan's employees couldn't buy Bitcoins for themselves as the company made it forbidden for them.

And now? They are launching a cryptocurrency.

In my opinion, the sixth largest bank in the world, that value by more than 2.5 trillion dollars cannot act like this, as it is truly unethical.
Now don't get me wrong, there is NOTHING illegal in their actions, but isn't it a hole in the current regulatory system?
Post
Topic
Board Speculation (Altcoins)
Topic OP
[ADA] Will Shelly effect Cardano's price?
by
Bitcoinstein
on 14/02/2019, 21:24:51 UTC
The eagerly awaited Shelley update is very much quickly nearing its release from the Cardano foundation.
Is such an upgrade should lead to a dramatic in price?
Post
Topic
Board Bitcoin Discussion
Re: Can REGULATION Really Be Beneficial to Bitcoin?
by
Bitcoinstein
on 14/02/2019, 21:06:04 UTC
In my opinion regulation is needed everywhere, otherwise, there will always be types of abuses. Look at personal data for example, that have been sold during those years by everyone, starting from social media and affiliates, leaving so many doors opens to scammers to abuse uneducated weak audience.
Bitcoin has all it takes to be the official money of the internet.

Some of us can survive without regulation as we can "defend" yourself against frauds and malware. But what about the rest of the world? I think that more then regulation, we need education starting from elementary schools talking about the risks online, teaching the evolution of the Internet and educating the future generation of this digital world.

Bitcoin is probably only one sector that needs to be regulated to increase awareness and drive higher volumes. I believe as a result of it, the market cap will benefit.
Post
Topic
Board Legal
Re: Best County for Crypto Startups?
by
Bitcoinstein
on 12/02/2019, 00:22:14 UTC
I typically refer my clients to more traditional hedge fund jurisdictions: Cayman Islands, Cook Islands, Nevis, maybe Belize. Better privacy, tax regimes, easier bank account openings, etc.

Not sure I see the value of an Estonia; seems to be more crypto marketing than anything else.

https://youtu.be/hYRX09T-zKw

I welcome anyone's thoughts on the issue. Cheers

Depends on the type of startups, for example, a research company and a hedge fund are two different projects.

A research company, I would say easy of Europe can be a good option as you can save a lot of costs and still find the right talents.
Hedge funds, Malta and Estonia are currently popular as big corporates as Delloites helping STO/ICO legal solutions obtaining required licenses.

I think that emerging economies are the biggest potential for wise entrepaunrers.
This is just my opinion, you should be considering with a legal entity, but you might find some truth in my words.
Post
Topic
Board Trading Discussion
Re: Panic of traders
by
Bitcoinstein
on 12/02/2019, 00:13:24 UTC
If you are experiencing panic, you should be taking the blame on yourself and not on the market.
What would happen if you stop be reading all those news and announcements? Probably you would remain more with the technicals.

Everyone should be finding his own pattern of trading, the pattern that allows him to sleep well at night even at a bearish market.
Many have been greedy and bought Bitcoin on a bigger amount then they could afford to lose, but that's the market fault again right?

If you are losing money in trading, do not pee on your own leg and convince yourself it is rainy.

It's not the ETF, it is not regulations, it is not governments. It is only you, who can not dance to the song the market is playing.


I hope no one will find this comment offended,
I've lost money myself in the past and I hope I could prevent others from losing.
Post
Topic
Board Speculation (Altcoins)
Re: how to promote the cryptocurrency.
by
Bitcoinstein
on 11/02/2019, 23:59:54 UTC
I think that part of the marketing team is to really design the right communications channels, with the community they believe they can add value too.
It would also be great to simplify the explanations for non-experienced users, who is still the majority.

I think that each cryptocurrency should be opening free educational resources, instead of selling campaigns. Public discussions and an audience who would not be in only for its profits. That way we still face many challenges.
Post
Topic
Board Trading Discussion
Re: It is not your fault that you are loosing in trading!
by
Bitcoinstein
on 11/02/2019, 23:18:16 UTC
Unfortunately, risk management is not being taught enough and many people find themselves losing money at their early days. (1st year)
In my opinion, everyone should be first investing in time in his own education, knowing exactly what are his plans, how much can he afford to lose to learn a lesson.

I've personally found it much more useful in starting with a logic trading pattern that made sense to me, and within time improving it and making my own algorithm. Now it is all about knowing your required margin based on your goal, and making sure that you have enough "fuel" to drive you "vehicle".
Post
Topic
Board Project Development
Re: Self-learning, beginners to experts online courses | readbtc.com
by
Bitcoinstein
on 11/02/2019, 22:45:20 UTC
ReadBTC is a social learning community related to Bitcoin, Blockchain, and Fintech.
So  readbtc.com, the site is talking about altcoins more than BTC "No lightning networks, Bitcoin core, nodes, wallets courses."
I've read some articles and most of them seem to be from last year "not updated especially that talk about prices" and the information they contain can be found by searching online. "$ 49.00 per month appears to be an expensive amount."
I advise you to publish the names of the writters who provide the courses or to give some free subscriptions to trusted members.


Thanks a lot for your feedback.
We will work to improve accordingly.
Post
Topic
Board Bitcoin Discussion
Re: Open your eyes!
by
Bitcoinstein
on 22/01/2019, 20:32:40 UTC
That's how the economy built and it is a risk we must accept as traders. Big players will always be able to manipulate prices.
JP Morgan's CEO, Jamie Dimon was stating that Bitcoin as a fraud to drop prices. On the other side JP Morgan's family office was busy buying Bitcoin on it's dip.

Why did JP Morgan say their employees that whoever will buy Bitcoin will be fired? It is simple.
Rich are getting richer while hoping we will remain dumb and broke.
Post
Topic
Board Project Development
Re: Self-learning, beginners to experts online courses | readbtc.com
by
Bitcoinstein
on 21/01/2019, 13:10:34 UTC

Several thousands of monthly readers.


Do you have proof of this? Don't see those type of numbers on those social media links you put.

Hey,

Thanks for your reply.
We will provide with all required details in private. As I said, socials are on early stages. We contribute with other sponsored channels.

The goal of this topic is to get a feed back, not to act as a court.
Post
Topic
Board Project Development
Topic OP
Self-learning, beginners to experts online courses | readbtc.com
by
Bitcoinstein
on 20/01/2019, 20:30:24 UTC
ReadBTC is a social learning community related to Bitcoin, Blockchain, and Fintech.

As cryptocurrency markets recently proved us in 2018, the bearish days aren’t over yet. Many have suffered from losses and “did not expect”.
Within the last decades, many companies and corporates tried to convince us all that they know how to manage our money better than we do.

As technology rapidly expanding, We truly believe that Bitcoin and Blockchain are still on their early days but they are definitely here to stay.

That's why we choose Education.

ReadBTC aims to be the industries leading resource Bitcoin and Crypto related video courses. We are looking to serve the community by increasing its awareness
and hopefully socializing the cryptocurrency learning community.

We are looking for contributors who are willing to share their insights on our platform and become instructors or publishers on any of our channels to several thousands of monthly readers.

You can find more at the following resources:

Website: https://readbtc.com
Twitter: https://twitter.com/readbtc
TradingView: https://www.tradingview.com/u/ReadBTC/
YouTube: https://www.youtube.com/channel/UCK_Ej3TR4JQ5peB9erDaYqw
Telegram: https://t.me/readbtc

We are still on early stages, but motivate to start expanding in the upcoming year.

We will be happy reading any kind of feedback as we will keep improving accordingly.
Post
Topic
Board Trading Discussion
Re: Will you trade Bitcoin to buy Altcoins?
by
Bitcoinstein
on 27/09/2018, 01:13:08 UTC
Theoretically - Altcoins offers a high substantial return, but it comes with higher risks as definitely not all the altcoins are here to stay.
Post
Topic
Board Trading Discussion
Re: My luck is very bad for crypto trading 😞
by
Bitcoinstein
on 26/09/2018, 23:30:01 UTC
Luck is for gamblers.
Get a plan, research the market and the gods will be on your side.
Post
Topic
Board Trading Discussion
Re: Do Not be Greedy
by
Bitcoinstein
on 26/09/2018, 23:28:49 UTC
The best time to sell is when your plan is telling you to sell.
Stick to what you've researched and planned, even if you lose - learn and improve.

As you say, Do Not be Greedy !
Post
Topic
Board Trading Discussion
Re: 2% trading strategy, can this be applied for crypto trading?
by
Bitcoinstein
on 26/09/2018, 23:27:29 UTC
We as people, have different financial goals and experiencing different situations.
Some are looking for high risks, the others for stability.

Any plan - is a plan, it is not the right place to get a financial advise neither.
It all depends on you and your status. If you are looking to build long-term wealth or speculating on short-term earning.

In my personal opinion, the 2% rule is applied more for traditional markets, when volatility is low.

You've chosen to adopt a young technology, that it is still developed.
It is like your 5 years old son is making a mess and painting the walls, and you are willing to send him directly to a psycho-treatment.
Don't cut the wings so fast, maybe it will be an art  Wink