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Showing 20 of 44 results by Collinslevi
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Board Bitcoin Discussion
Re: Bitcoin ban in South Korea
by
Collinslevi
on 02/10/2017, 03:43:00 UTC
As ICOs increase in quantity and scale, they’ve attracted the attention of government regulators in various countries. This year alone, ICOs have raised nearly $2.3 billion in funds so far, according to Coindesk ICO tracker data. China banned ICOs earlier this month, saying that they disrupted the country’s financial order. The ban comes after South Korea noticed that “raising funds through ICOs seem to be on the rise globally” and domestically, the Financial Services Commission said in a statement after meeting with the national bank, tax, and finance officials, according to Reuters. After all, ICOs can range from serious attempts to build more digital currencies to more risky plans that resemble pyramid schemes, according to some financial experts’ analysis in the past. In addition to banning raising money through ICOs, Korean regulators may exact more measures to control cryptocurrencies after continuing to monitor the situation.
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Board Bitcoin Discussion
Re: The Coming War Between Digital Currencies
by
Collinslevi
on 02/10/2017, 03:41:08 UTC
Bitcoin has been one of the best performing currencies this year. It has attracted the savings of many , as assets with high investment returns remain scarce on the mainland. Supporters of the new method include Microsoft, the bitcoin exchange Coinbase and a variety of other bitcoin proponents who would like to see the currency used more widely in commerce. Reformers had threatened to stop recognising transactions confirmed by miners who hadn't adopted the upgrade. Though the change is designed to improve capacity on the increasingly clogged network, some miners had objected because it could reduce transaction fees they collect.
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Board Bitcoin Discussion
Re: Will Bitcoin be replaced by another cryptocurrency?
by
Collinslevi
on 02/10/2017, 03:31:45 UTC
In the short term, probably not. Since the creation of Bitcoin, there have been hundreds of altcoins created that are supposed to be the next big cryptocurrency. The first one to gain any real success was Litecoin, and now we’ve seen the likes of Peercoin, Dogecoin, and others get their time to shine. While some of the newer variations of Bitcoin offer some interesting characteristics, it’s important to remember the power of Bitcoin’s position as the first cryptocurrency ever created. For a variety of reasons, Bitcoin is already halfway around the track as these new altcoins are just about to takeoff from the starting line. but don't seem to have what Bitcoin does. I think down the road potentially, but as of now the focus seems to be on how to make Bitcoin better, safer and more accessible. We're pretty bullish on it.
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Board Bitcoin Discussion
Re: How do you keep your bitcoins?
by
Collinslevi
on 02/10/2017, 03:25:21 UTC
Like in real life, your wallet must be secured. You should be wary of any service designed to store your money online. Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank. Accordingly, you might want to use other types of Bitcoin wallets. Otherwise, you should choose such services very carefully. Additionally, using two-factor authentication is recommended. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money.
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Board Bitcoin Discussion
Re: What do you think?
by
Collinslevi
on 02/10/2017, 03:14:55 UTC
Looking at bitcoin akin to commodities is important because the effect of news is different. Just like with oil prices, bad and horrible news typically causes for a rise in oil prices. Hurricane in the gulf? Conflict in the other gulf? Higher oil prices because the supply is further constricted. You have probably felt this at the gas pump your entire life, but never considered buying oil yourself to profit from this phenomenon. Although Bitcoin may not have the data or limited enough use to suggest seasonality, the point is that fixed supply assets always rise and fall dramatically based on changes of supply and demand and that is not controversial. Many people have a skeptical or negative view of bitcoin, and are validated when “bad news” comes out, but are confused about why the price keeps rising anyway. Many times, bad news constricts supply.
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Board Bitcoin Discussion
Re: So Bitcoin is better than Gold?
by
Collinslevi
on 02/10/2017, 03:08:54 UTC
gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products. Gold has a 5,000-year history as a long-term store of wealth. Bitcoin doesn't even have a hundred-year track record. Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions. There’s scarcity. Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
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Board Bitcoin Discussion
Re: Bitcoin in College???
by
Collinslevi
on 02/10/2017, 03:02:15 UTC
Princeton offers a course, Bitcoin and Cryptocurrency Technologies, through Coursera. First offered in the spring, the course begins once more in September 2015. In a description of the course on the website, the 6 weeks of study are designed to teach “everything you need to be able to separate fact from fiction when reading claims about Bitcoin and other cryptocurrencies. You’ll have the conceptual foundations you need to engineer secure software that interacts with the Bitcoin network. And you’ll be able to integrate ideas from Bitcoin in your own projects.” The school has also offered a free Bitcoin course.
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Board Bitcoin Discussion
Re: How to earn more BTC??
by
Collinslevi
on 02/10/2017, 02:55:35 UTC
You earn Bitcoin the same way you earn any other currency, by exchanging your labor, goods, or services for it. Figure out what you can offer of value to people and then do that but offer a discount if they pay in Bitcoin. Or you can simply buy Bitcoin outright using the currency you've already earned. You can trade alt coins. But that takes long to learn and get good at.
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Board Bitcoin Discussion
Re: Being Unemployed Drives People to go to Bitcoin
by
Collinslevi
on 02/10/2017, 02:52:08 UTC
Bitcoin had this kind of ability to give benefits to people who are either unemployed or lack some skills or having an education. They grab Bitcoin when they are in need of money. And since that these people are now engaged in Bitcoin, I am sure that they will stay in Bitcoin and treat it as an investment even though they will have a decent paying jobs in the future.
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Board Bitcoin Discussion
Re: How to earn Bitcoin without investment
by
Collinslevi
on 02/10/2017, 02:43:46 UTC
Start by researching. The Google Search is the number one search engine in the world. It can help you find news and articles that you need once you key-in the keywords: earn bitcoin without investment. This forum will help you learn the essentials of bitcoin without spending too much time in researching. You can also get paid by working for someone as their virtual assistant. If and only if your boss owns a wallet.
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Board Bitcoin Discussion
Re: The SEC has started enforcement actions against fraudulent ICOs
by
Collinslevi
on 02/10/2017, 02:38:35 UTC
An ICO works the same way as an initial public offering in that it’s a way for a company to raise money from the public. In a typical ICO, which can last anywhere from a few hours to a few weeks, the company invites people to buy tokens (aka digital coins) to fund a project. These projects involve blockchain software such as Ethereum, which runs across multiple computers in order to create a tamper-proof digital ledger. The software can also be programmed to do things like create so-called smart contracts or make investments. To take part in the ICO, supporters of the project send digital money like bitcoin (or in some cases use credit cards) to a website run by the company and then receive digital tokens in return.
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Board Altcoin Discussion
Re: Bitcoin Cash is the future IMO
by
Collinslevi
on 01/10/2017, 15:31:46 UTC
Bitcoin cash is supposed to be more efficient as it allows more transactions per block than the original Bitcoin. Different from the previous challenger Ethereum, the similarly structured Bitcoin Cash implies that the old Bitcoin community can move to the new Bitcoin environment at ease. Once the current rally in the price of the original turns around, existing miners may find it more profitable to switch to the other Bitcoin. More importantly, following the BoE’s argument, the lower cost of transaction translates to a lower marginal cost, thereby the inflexion point, where marginal revenue equals cost, may appear later than the original Bitcoin. Hence, Bitcoin Cash would survive longer with the lower transaction. After all, the blockchain is said to bring about security, lower cost of transaction and, above all, efficiency.
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Board Altcoin Discussion
Re: best upcoming ICO
by
Collinslevi
on 01/10/2017, 15:20:40 UTC
a mobile app for investing based on bot signals is developed and released. Users will be able to add their API keys from exchanges, receive and filter bot signals right in this app and open positions by signals in one click. The app will buy cryptocurrencies and relist them using user-defined settings. API keys will be stored only on users’ devices, making the app quite secure.
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Board Economics
Re: What must happen so that cryptocurrencies are less volatile?
by
Collinslevi
on 28/09/2017, 10:44:07 UTC
Bitcoin presents a variety of opportunities that did not exist prior to its development. Yet, it has failed as yet to convert investors concerned about its potential rate of adoption as an alternative currency. Recent acknowledgement by the IRS that Bitcoin is an asset for tax purposes has clarified the situation for investors, and the promise of frictionless value transfer suggests innovative use cases in foreign direct investment. In the near term, much of the volatility will be driven by investor perception of the ability of gateways to safeguard individual holdings and provide for a reliable store of value as adoption increases.
Price fluctuations in the Bitcoin spot rate on the Bitcoin exchanges is driven by many factors. Volatility is measured in traditional markets by the Volatility Index, also known as the CBOE Volatility Index (VIX). Volatility in Bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in its nascent stages, but we do know that Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, in a relatively short period of time (See the Investopedia Bitcoin Center for current updates on the price of bitcoin).


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Topic
Board Economics
Re: Major Gold investor is entering Bitcoin market
by
Collinslevi
on 28/09/2017, 10:38:45 UTC
The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.
But if Bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a Bearish risk for Bitcoin’s price.
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Board Economics
Re: How to make money only with BTC
by
Collinslevi
on 28/09/2017, 10:24:22 UTC
If you don’t have enough money to make a Bitcoin investment and even if you do, we suggest considering investing with as many altcoins, other forms of crypto currency, as possible. Most of them are extremely cheap and at least some of them will probably become at least as expensive as Bitcoin is today, if not more.
A more affordable strategy would therefore be to buy several altcoins, crypto currencies other than bitcoins. Most of them are very cheap at the moment, so it’s easy to buy many different kinds. The more you buy, the more chances that one of them will become as big as Bitcoin, thereby generating tremendous profits for
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Topic
Board Economics
Re: Future of the BTC
by
Collinslevi
on 28/09/2017, 10:19:01 UTC
Volatility is the problem that leads to the question, “Why can’t Bitcoin be purchased on a futures market like oil?” Oil also has an issue with volatility, as can be seen every time a major refinery catches fire, or an oil producing nation decides to turn the taps off. But with oil and other commodities, futures are based on a delivery of tangible product, like an actual barrel of oil or bushel of wheat. With Bitcoin, there are no actual coins, there is simply the value of those coins, agreed upon by its users and miners, and based on faith paired with scarcity. The futures market will likely grow and gel into something globally useable, but it, too may have to go through a fork or two to peel away the variances and emerge with a (mostly) universally accepted platform that remains true to both the “ownerless” status of cryptocurrencies, as well as something regulated and reliable. That’s a tall order.
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Board Economics
Re: stable currency
by
Collinslevi
on 28/09/2017, 10:11:32 UTC
The problem with currencies is that the safest options usually don’t offer a big reward. At least with top tier stocks you’re usually receiving a dividend. Nevertheless, let's take a look at the safest currencies in the world. There is actually one surprise currency that does have significant upside potential over the long haul. Let’s remove day to day exchange rates from the equation and take a forward looking approach. The Bitcoin is the biggest enigma to investors at the moment, but there are logical reasons for its behavior
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Board Economics
Re: Is it profitable to run a Bitcoin faucet in 2017
by
Collinslevi
on 28/09/2017, 10:05:44 UTC
When you’re starting out with your very own faucet you should be focused on making sure “the money machine works”. Meaning, if you put in traffic on one end, money will come out of the other end. You also want to test this out as quickly as possible, and the best way to do that is by using 3rd party code. So if you’re just launching your faucet I still suggest using Faucetbox. But as you grow you have to move away from them.
Keep in mind that hosting your own faucet isn’t all sunshine and rainbows. It means you’ll need to create your own management system (and that costs money). You’ll also have to take care of the payouts yourself, protect the faucet from scammers and secure the funds you are using for your payouts.
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Board Economics
Re: What is the best way to make money with bitcoin in 2017?
by
Collinslevi
on 28/09/2017, 10:02:55 UTC
The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”). If this is the case then you need to decide for yourself if you think this is a good time to buy. Meaning, do you think the price will continue to rise.
Don’t take anyone’s advice about what will happen with the currency, do your homework, learn about Bitcoin and come to a conclusion. Personally I believe we are just starting, but that’s my own opinion and you shouldn’t consider that as investment advice as well.