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Showing 20 of 25 results by Earthwood
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Board Bitcoin Discussion
Re: BTC transaction fees is going down.
by
Earthwood
on 21/06/2018, 12:17:56 UTC
From last few days, btc transactions fees has been reduced remarkably. Even its transactions fees are now lower than bitcoin cash. It is really a great news for btc trader i think. How it can help the current market?? Share your logic please .

This is a good news. If transactions fees are lower, more people will be encouraged to get involved with bitcoin. Before, high transaction fee is one of the main drawbacks of bitcoin. I think they're continually improving on it.
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Topic
Board Bitcoin Discussion
Re: Crypto currency in five years!
by
Earthwood
on 21/06/2018, 10:46:03 UTC
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.

Bitcoin has much potential for the next few years. It is being recognized by more and more people and investors compared when it was just starting. Although some countries are regulating the use of bitcoin, it's because they see bitcoin will really be more influential in the coming years. Some are countries are fully supporting it.
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Topic
Board Bitcoin Discussion
Re: Can Blockchain Survive Without Bitcoin
by
Earthwood
on 16/06/2018, 12:39:53 UTC
Bitcoin can not survive without the Blockchain, actually.
Blockchain can process all kinds of digital coins or cryptocurrencies, so it will survive with or without the existence of Bitcoin. But of course, the first application of blockchain is intended before for bitcoin only. So Blockchain existed because of bitcoin.
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Topic
Board Trading Discussion
Re: New to Bitcoin Trading?
by
Earthwood
on 16/06/2018, 10:22:05 UTC
Yes indeed. The advice of those people who have already passed through the difficulties we need. Reading their advice, then studying the theory, we will make fewer mistakes. I have a man who advised me to invest in bitcoin as much money as I will not be sorry to lose.
I am newbie and I found this thread helpful as I start my journey in cryptocurrency. Everyday I am learning more how the system works, from basic  terminologies used in bitcoin to joining bounty and signature campaigns. Everyday has a new learning from this forum. I am now more interested in trading. And this helps my hunger in information when it comes to trading.
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Topic
Board Bitcoin Discussion
Re: actual number of people using Bitcoin?
by
Earthwood
on 15/06/2018, 15:24:23 UTC
I think reliable sources is the exchanger, that where they have multiple databases which contain with purses or wallets to everyone. The better we can do a special rate
I think there is no way to measure the exact number of bitcoin users in the world. Some statisticians may estimate the number of users but not exactly. I think people who uses bitcoin are growing over time exponentially. More and more people are now aware of bitcoin.
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Topic
Board Bitcoin Discussion
Re: Schools Are Officially Accepting Bitcoin for Tuition
by
Earthwood
on 14/06/2018, 06:18:56 UTC
Universities are embracing accepting bitcoin for tuition, with Lucerne University of Applied Sciences and Arts in Switzerland the latest school to adopt. If anything, it's another clear sign the cryptocurrency is here to stay.

https://futurism.com/schools-accepting-bitcoin-tuition/

Even so... Bitcoin has been used to buy homes, and countries like Venezuela and Vietnam are beginning to truly embrace the currency. Now, certain universities are adopting the payment method of bitcoin for tuition, albeit with a few caveats.
Good administration they starting to adopt the future payment system, and I guess those parents of the students also trust bitcoins  Cheesy Here in my country some of the school are now starting to integrate that kind of payment system and it is good to know that their systematic way of paying bills is improving.
It is a good sign that Bitcoins are accepted by schools and universities in a certain country. The development and applications of bitcoin in our daily lives have broader and broader until such time that bitcoin will be our official and first digital coin ever made for the whole mankind.
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Topic
Board Bounties (Altcoins)
Re: [BOUNTY][AIRDROP][PRE-SALE]CRYPTO GLOBAL PAY - The Future of Mobile Payments 💸
by
Earthwood
on 14/06/2018, 02:44:16 UTC
#Proof of Authentication
Bitcointalk name: Earthwood
Email: jhanraychales22@gmail.com
Telegram id: @Earthwood22
Wallet:B9dXgDsyDppsKw8WMGepMQxeqwzH66Jwap
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Topic
Board Bitcoin Discussion
Re: Which is more risky? Bitcoin or bank investment?
by
Earthwood
on 13/06/2018, 17:33:48 UTC
Although both are at risk, i think it is more risky bitcoin in the bank if investing in it. Because if i see for example we invest in the bank of course we can get a change of the losses we will get from the bank. If we invest in bitcoin surely we will be confused who will be responsible for the loss?
I think both kind of investments are risky. Even banks may tend to bankruptcy and the money that you invested on it will be gone. I think the only reason why bitcoin is also risky, its because of volatility of the value of it. But, of course bitcoin may go up to its peak or maximum equivalent to traditional currency.
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Topic
Board Bitcoin Discussion
Re: What does bitcoin need to improve?
by
Earthwood
on 12/06/2018, 07:38:26 UTC
The most urgent need for bitcoin is the high rate of small transactions, which will greatly restrict the development of the community.
Bitcoin and other cryptos are big game changer in the field of financial system. It was made to modernize our way of trading currencies/coins. It was made to make our payment system to become more convenient and more organized and alos to make our coins/currencies to become decentralized. I think the only thing that bitcoin or blockchain must improve is the cost of transactions that can be done by blockchain.
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Topic
Board Bounties (Altcoins)
Re: 🚀[BOUNTY][PRE-ICO] PREVISIONe - Professional Prediction Platform 1.000.000💰
by
Earthwood
on 10/06/2018, 07:19:49 UTC
RESERVE WHITE PAPER FILIPINO TRANSLATION  

 Eng sample: https://drive.google.com/open?id=17Imu3LkBJDfA0osNj3TVotmkeTTpX37y
   Translated to Filipino: https://drive.google.com/open?id=1xSdn84I3BI2oYXY5E7VwM_nqwldzx9sT

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020863
ETH address: 0xebc4cbd673b8d40a8b059a57460c1525a968b0e4




  
                                  
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Topic
Board Beginners & Help
Re: HOW TO protect yourself from Scammers
by
Earthwood
on 10/06/2018, 04:06:02 UTC
The only effective way to secure your assets against scammers is by holding your information away from them, never store any thing like secret keys online or backing it up in an email, and also stop being greedy because that is the only thing that will drag you into being scammed.
There are many ways to protect your cryptos. One of the most basic to secure your assets is to keep your personal information and account private. Second, learn how to read. It’s very simple instruction but many of us are blinded by these scammers with their flowering words by promoting false information. And lastly, learn to be realistic at all times.
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Topic
Board Bitcoin Discussion
Re: Will direct peer-to-peer transactions be possible in future?
by
Earthwood
on 09/06/2018, 08:56:13 UTC
Of course direct peer to peer exchanges are possible. In fact, I would trust some of the members here more than I would trust most of the exchanges. Smiley
Yes, and it is implemented by bitcoin and blockchain way back. That’s why people are more aware and want to change our old financial systems specifically in trading. The peer-to-peer transactions in bitcoin is already there with blockchain technology. So it is possible.
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Topic
Board Bitcoin Discussion
Re: How is trading cryptocurrency different from stocks and forex trading?
by
Earthwood
on 08/06/2018, 15:09:28 UTC
Trading stocks is like owning a percentage of company whereas trading crypto is like owning an asses/security whose value is mostly speculative
Bitcoin is different in stocks in some aspects. Stocks is based on physical currency and of course, you have to invest cash to a company and get a small profit from it. Forex is like buy and selling cash. Once the value of a certain  currency increases. When in bitcoin, you can do what you want to do like stocks and forex.
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Topic
Board Speculation
Re: Patience is all we need
by
Earthwood
on 06/06/2018, 03:14:04 UTC
Actually, it is not very few number of noobs in cryptocurrency business that comprehend the level at which patience is required and important in the business. It may be a cliché, but there is truth behind the line “Patience is the virtue”, especially in business. Running a business is not for the faint of heart, and not for the impatient either. Even if you have a great product or service, great process, and great employees, your business will require you to stay committed for the long-term. I got a few coins couple of weeks back, which I chose to hold while it was plunging however I continue holding with zero dread and just absolute patience. My advice to my colleagues is all you need is buy into coins with good potential like bitcoin and relax even while it’s at dip. Presently, i’m In over 30% profit in all.

This is so true. There are times when we get to excited when we discover about bitcoin. But then after investing, and the return does not come right away, we loose the patience. But it doesn't happen overnight. It takes time cause it's a long term investment. You may not see it right away but profits wills surely come after some time.
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Topic
Board Speculation
Re: Do you have an expectation of bitcoin recovery from fallen?
by
Earthwood
on 05/06/2018, 12:53:35 UTC
I still believe that bitcoin will recover from fallen,and it will grow up to the higher again.how about you?!

Yes I still believe. We can see that there are still lots of people supporting bitcoin and there more people still getting interested with bitcoin. We cannot be sure of what's ahead but we can predict that there is much potential for bitcoin. Looking at the trend for years, it really happens all the time. Going down then suddenly rising up again.
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Topic
Board Bitcoin Discussion
Re: Samsung has now entered the cryptocurrency world
by
Earthwood
on 04/06/2018, 16:30:54 UTC

As we know Samsung is one of the biggest and famous phones, smartphones, tablets producers in the whole world and now they are planning to make there own mining software. Is this a good news for us bitcoin users? I mean what are they aiming for?

For more info just read visit the link: https://www.sammobile.com/news/samsung-is-reportedly-making-mining-hardware-for-cryptocurrencies/

This is just one proof that there is really a big potential for bitcoin. Even large popular companies notice bitcoin and see its potential. It's a big step for them to even consider doing that. They wouldn't do it if they don't strongly see its potential.
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Topic
Board Bitcoin Discussion
Re: Can the Most Powerful Computer on Earth Hack Bitcoin?
by
Earthwood
on 03/06/2018, 09:04:24 UTC
Possibly if someone out there really knows everything about it, hackers ans scammer are genius they are smart enough about everything related to internet and computer technologies, so we can't really be sure about it because today everything seem possible all in the name of power, wealth and money
Even if they have the most powerful computer to decrpyt the security of blockchain or bitcoins, it cannot be hacked by anyone else not unless they have connections with Satoshi Nakamoto, but I don’t think no one can hack the system of bitcoin.
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Topic
Board Speculation
Re: bitcoin technology has been obsolete, why bitcoin prices still expensive?
by
Earthwood
on 02/06/2018, 10:18:54 UTC
ill help everyone out. by starting with the summery and then do the explanations and ansering some points pople made in posts that need addressing

tl;dr;
real underlying support value is the cost of obtaining the coin. bitcoin uses mining. which is costly..
if it costs $6000+ to make a coin and people in general/average buy a coin above $6k then the majority of community wont sell below the cost they obtained it for.

unlike PoS coins where costs are negligable. most PoS prices are not 'of value' but of speculation of utility (bubble pricing). thus there is no 'cost of creation' support line.and only 'buyers remorse' support line

now for the general chit chat stuff that needs addressing
the OP is talking about bitcoin... not the underlying blockchain. not LN which is a separate network that many different coins will be on..

but just bitcoin features.

even the core devs deam bitcoin as limited and out dated(because they wont scale bitcoin). which is why they are moving onto LN which is a separate network that many coins will use.
yes LN is not a bitcoin only feature. LN is a separate network for many blockchain coins to use, but is just presently being tested using in their words "the bitcoin experiment" (yep core devs think bitcoin is just a beta phase experiment and not a fully fledged end product).
segwit is not a bitcoin specific feature either. its a stepping stone into LN. again somthing multiple blockchain coins have/will have to divert people away from blockchain payments and into a LN network of offchain payments. so dont confuse bitcoin innovation with blockchain or offchain innovation.

core devs admit to this so dont rebut it

so now that covers most peoples over promise, under delivery they have been taught. and you can thank the core devs for strangling bitcoin specific/bitcoin only innovation/development and then moving on to other projects.

so now the question about bitcoins pricing
its based around the support line of what people will refuse to sell below.
this is because it costs X to mine bitcoin. which creates a support line. and also those separately buying a coin at a certain price wont sell below that price(unless they foolishly panic) and so they then also add more support to a support line.

the more it costs to mine  bitcoin the higher the support line will get.

ignore the winter speculative bubble area of the ATH. and instead imagine that the price corrected it self back down in ~march down around the $6k-$9k region, where the support lines lay

at the moment from march-may there was a dip. which dropped from a $9k suport to to $6k+ support because new mining asics are being tested and to be released for public use in june. so some pools have had the privelidge of buying them as  preorders and expanding their farms as a testing phase and thus their mining costs have reduced because the mining rigs are cheaper.

but there is still a good support line around the $6k+ region. and then. well unless the network hashrate doesnt increase to 60exahash by the time the next asics are on public batch release in june, we might see that support line change too.
..


Bitcoin technology is still one of the most used technology in crypto currency. Then you are asking why bitcoin is still expensive than any types. The answer is of course, bitcoin developers and blockchain technology  still continue generating coins through mining. To have a huge amount of money, you need a sophisticated tecnology to process the algorithm of mining to create a coin. And the support line is still getting by bitcoin tech.
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Topic
Board Bitcoin Discussion
Re: Why does bitcoin have value?
by
Earthwood
on 01/06/2018, 20:57:05 UTC
Bitcoin creates value for both earlier investors and for new ones, providing more and more opportunities for using currency, the amount of which, moreover, is limited. It's not deceit and not stealing, but just the good old law of supply-demand in action, or in other words, the ancient economic principle, in the service of the newest currency system.
Bitcoin does have a value because of course, it is a type of digitized currency. If we talk about currency, you can say that this material is a currency if it has a face value. It’s the same as the traditional. Not Anyone can manipulate the value of bitcoin.
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Topic
Board Beginners & Help
Re: Why buy and store bitcoin , some opinions from me!
by
Earthwood
on 31/05/2018, 01:18:32 UTC
Keeping bitcoin is one of the things that is of most interest to this point, we can imagine keeping bitcoin like keeping gold or even diamonds, so keeping bitcoins gives us the best return. Here are some reasons why we need bitcoin:
+ Bitcoin is the only, most scarce and most wanted in the world!
+ The average person in the world only owns 0.03 btc per person!
+ Bitcoin may be more valuable than gold and diamonds because of its scarcity.
+ Transnational and transnational remittances also contribute to why keep bitcoin.
+ Lastly, Ithe reason I keep bitcoin is to use bitcoin to invest in cryptographic coin that yields extremely profitable through ICO! Huh Huh

Yes, bitcoin is worth holding. It takes time to see the ROI. It is a long term investment. You should not panic at times when you see its price going down. That's the nature of bitcoin and that's what makes it a good stuff for long term investment or trading. And that's what makes it so popular and in-demand.