Search content
Sort by

Showing 15 of 15 results by Joebobb69
Post
Topic
Board Bitcoin Discussion
Re: Why aren't there more women in Bitcoin?
by
Joebobb69
on 17/04/2018, 22:03:22 UTC
Take a look around the crypto community, both in meatspace and online, and it would be fair to say that the majority of participants are male. This is borne out in a recent survey of 2,000 Americans which shed light on the makeup of the bitcoin space, highlighting a stark gender divide. In fact Google Analytics data estimates less than 4% of bitcoin users to be female. The question is, why?

Source: https://news.bitcoin.com/why-arent-there-more-women-in-bitcoin/?utm_source=Why

It's the exact same reason that women are considered to be better investors than men.  Chew on that one for a while.
Post
Topic
Board Bitcoin Discussion
Re: Getting tired of waiting
by
Joebobb69
on 29/03/2018, 20:26:12 UTC
I don’t know how much more. My $1350 investment is worth $526.78 as of this moment.My coins were BTH, LTC, and ETH.

I know that is probably a lot of money to you, but in the long run, it's a very small price to pay to learn an important life's lesson.  You bought BTC as a pure speculative investment (because there is no intrinsic value in it), and many times you just get burned when you speculate.  This is almost certainly one of those cases.  At this point, you just need to decide whether you really need some of that money back, or whether you should just write it off and keep the Bitcoin in case it comes back in price some day (doubtful to me).  Good luck.
Post
Topic
Board Speculation
Re: We are now down 70% and still dropping
by
Joebobb69
on 06/02/2018, 19:35:32 UTC
As of this morning BTC went below 6000 - that is a 70% drop from the peak at the end of 2017.

"This is normal in crypto" says many in here. Come on - get real. It is a full-on crash, and it is not over yet.

Just after your few hours of posting bitcoin has stated moving upwards and it is now at +3% with green zone. So im pretty sure that bitcoin is the real deal and now you believe it too. This is the up rising of the bitcoin and no one can bit the challenge of bitcoin where it went all down to 70% and in single day came back to 3% and more. Thats the real beauty behind it and lets hope we see +70% again and the bitcoin goes ATH of 20K soon. Lets party guys because that is what bitcoin is trying to get for us. So yes man, this is normal in crypto and you should hold and hold.


And you got 257 merits for posts like that?  This is why I think this whole "merit" crap is absurd.  And you're hardly the only one. 
Post
Topic
Board Speculation
Re: We are now down 70% and still dropping
by
Joebobb69
on 06/02/2018, 19:08:46 UTC
Go ahead, throw you money away chasing a dream to get-rich-quick. Reality is that the party is over.

I'm not in this to get rich quick. Yes, you can make much nicer money than traditional banking/savings/investments, but the days of 10000% gains are over.

I'm in this because I believe in the technology. Blockchain technology is changing and will continue to change the world. I believed this at $20k, I believe it now at $7k, and I would still believe it at $1k.

Let's check back in 10 years, and see if blockchain technology is still around.


Nobody is disputing that blockchain technology is going to be important in the future.  The question is, will Bitcoin be important?  I have my doubts.
Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
Joebobb69
on 05/02/2018, 17:03:36 UTC
I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

Nobody knows the answer to his question, which is one of the major problems with Bitcoin.  It CANNOT be both.  It has to be one or the other, and it has poor performance both as an asset and as a currency.  It's why I don't own it.
Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin is blockchain 1.0 how will it stay relevant in 3.0.. 4.0 ...?
by
Joebobb69
on 05/02/2018, 14:44:10 UTC
It will evolve (Bitcoin will have smart contracts), this is the whole point from making it open source and by your logic, Ethereum will be useless too, and so is anything else each time a coin with a more advanced blockchain techonlogy is released.

Which is exactly why you reconsider cryptocurrencies as an investment.  They're too easily replaced by something better.
Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin really gonna be dead?
by
Joebobb69
on 02/02/2018, 14:57:10 UTC
The answer is in our hands,if we continue to sell the bitcoins the it will die soon so we need to hold as long as the the demand of bitcoin gets increases which increases the price also.

So people or investors just hold your bitcoins to make it alive.


If you just hold Bitcoin, it will have no function and no reason to buy it.  It's worthless unless it gets spent.  It's not like other investments that produce cash flow.  This is one of the reasons it could very possibly fail.  There's just no intrinsic value in it.
Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin really gonna be dead?
by
Joebobb69
on 02/02/2018, 14:31:43 UTC
No one knows the future so any answer would be a prediction of the possibility. I believe that Bitcoin needs upgradation to deal with high transaction fees and confirmation time. Bitcoin has a tremendous potential to acquire the huge micro transactions market but in order to do that, the fee must be less than $0.01 and confirmation time should be less than 10 seconds. If we could somehow reach this target then I do see huge potential for the growth otherwise Bitcoin would remain as a player of international funds remittance industry.

And this is exactly the problem with Bitcoin.  If you "upgrade" it, it won't be Bitcoin anymore!  This is why Bitcoin is such a poor investment.  There will be numerous other cryptocurrencies that come along and replace it because they're more efficient and work better in the economy.
Post
Topic
Board Speculation
Re: Will bitcoin continue to fall to $ 6,000$-5,000$???
by
Joebobb69
on 02/02/2018, 14:07:16 UTC
Yes, it will continue to fall, but could possibly stabilize around $5000 (depending on true mining costs).  I doubt you will see the days of $20K again, but it could possibly spike to those levels on a short term basis.  I doubt it though, now that traders can buy futures contracts and short it.
Post
Topic
Board Speculation
Re: WHAT IS CAUSING BITCOIN TO DROP??????????
by
Joebobb69
on 01/02/2018, 22:30:53 UTC
Co-ordinated dumping my whales or financial institutions?

You have got it. By the way of the complicity of governments and mainstream media who together have started to attack Bitcoin in many different ways, such as the BS Indian news of today.

If there is an coordinated dumping from the whales then can we assume that they are the one who brought mislead information in the community about the news on India? anyway I saw a lot of articles/news about explaining that India will embrace the Blockchain technology so let's just wait a few hours or days then the market will recover after this FUD's.

Embracing blockchain technology is NOT the same as embracing Bitcoin.  Why is this concept so hard for people to understand?  This tells me that many of the people on the forum have never really thought about what purpose Bitcoin serves.  They're just buying it because it's new and kewl, oh, and it's going to change the world!  Gag me.
Post
Topic
Board Meta
Re: Merit & new rank requirements
by
Joebobb69
on 01/02/2018, 22:16:01 UTC
In addition to activity, everyone now has a merit score, and you need both a certain activity level and a certain merit score in order to reach higher member ranks. The required scores are:

RankRequired activityRequired merit
Brand new00
Newbie10
Jr Member300
Member6010
Full Member120100
Sr. Member240250
Hero Member480500
LegendaryRandom in the range 775-10301000

You get merit points when someone sends you some for one of your posts. Additionally, when someone sends you merit points, half of those points can be sent by you to other people.

Certain users are designated as "merit sources". They can create new merit out of nothing, up to a limited number per month (which differs per source). I will not be posting a definitive list of merit sources (so that people don't bug them too much), though you'll soon figure out who they are if you pay attention.

There is currently no such thing as a "demerit". I'm hoping that the positive merits alone will be fine. I could add demerits pretty easily later on if necessary, though.

I'm hoping that this system will increase post quality by:
 - Forcing people to post high-quality stuff in order to rank up. If you just post garbage, you will never get even 1 merit point, and you will therefore never be able to put links in your signature, etc.
 - Highlighting good posts with the "Merited by" line.

While we will not be directly moderating this, I encourage people to give merit to posts that are objectively high-quality, not just posts that you agree with.

Do not beg for merit excessively.

Useful infographics

Forum users have helpfully created some infographics to explain the merit system:
paxmao's infographic
ibminer's infographic
8Habits's infographic
JetSet11's infographic
zentdex's infographic
alia_armelle's infographic

If you want to be a merit source:

 1. Be a somewhat established member.
 2. Collect TEN posts written in the last couple of months by other people that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread. The point of this is to demonstrate your ability to give out merit usefully.
 3. We will take a look at your history and maybe make you a source.

I am especially eager to have merit sources in sub-communities such as the local sections.

Trivia:

For current members, your initial merit score is equal to the minimum required to your rank. Of that, a certain amount (less than the usual half) is spendable. The spendable amount was calculated based on your current rank and the number of activity points you earned in the last year. A Legendary member who hasn't posted in the last year would still be Legendary, but would not have any spendable merit.

If someone sends you 1 merit, the 0.5 sMerit is not wasted; it is just not shown until you get another merit point.

There are stats here, and you can find someone's merit summary by clicking the "merit" link on their profile.


Why do I care about merit scores?  What's the advantage to having a high merit total, other than fooling myself into thinking my posts are worthwhile?  This seems to be nothing but a popularity contest, just like the "likes" on Facebook.  What am I missing here?
Post
Topic
Board Bitcoin Discussion
Re: Blockchain Technology to Boost Microsoft Earnings
by
Joebobb69
on 01/02/2018, 15:44:31 UTC

However, Blockchain technology and Bitcoin are not the same thing.  This is the mistake that many people who buy Bitcoin make.  Many companies may end up using blockchain technology in the future, but it's highly unlikely that Bitcoin will have any part in that.  The best hope I can see for Bitcoin is that it becomes a base currency for blockchain transactions, and the other Crypto tokens that are created by each company (because they function more effectively for their applications) will be purchased or exchanged with Bitcoin.  Other than that, I don't see much purpose for Bitcoin in financial transactions.  It's just too inefficient.
Post
Topic
Board Bitcoin Discussion
Re: Starbucks ready to accept crypto currencies but says no to bitcoin
by
Joebobb69
on 01/02/2018, 15:32:34 UTC
Starbucks is going to become the pioneer in high street shops to accept crypto currency payments.It has said that it would soon incorporate blockchain as part of payment strategy but says no to bitcoin.

Starbucks Chairman Howard Shultz said that they would not be ready to accept bitcoin.

What might be the reason for this?

Is it bitcoin's high volatility or high transaction fee issue?

Here is the link

https://www.express.co.uk/finance/city/910629/bitcoin-cryptocurrency-news-latest-Ripple-Ethereum-price-value-surge-starbucks-payment

I would think there are many reasons for not accepting Bitcoin as payment.  Volatility (how can you price anything when Bitcoin changes value so much?), long transaction times, and high transaction costs would be the main reasons.  Personally, I would never accept Bitcoin because it's electricity usage is bad for the environment.  It just seems unethical to use it.




Post
Topic
Board Bitcoin Discussion
Re: Can we all please accept..
by
Joebobb69
on 01/02/2018, 15:05:38 UTC
I think most governments oppose Crypto initially due to the scale of the change that it will bring, nobody likes change especially when the control is taken from them! I think that all of us in this forum and anyone involved in Crypto agree that it is the future (in 2,5,10 or 15 years we will be saying 'remember that FIAT money bullsh*t'). I hope that the UK is one of the first to begin accepting Crypto as something that's not going to go away and the sooner they welcome it the better chance they have to benefit themselves from the growth as others take on the challenge.

I also think that the bans, sanctions and regulations that try to be put in place against Crypto are more of a knee-jerk reaction to power being taken from them and a temporary action to try buy time. Governments only want control, if something is out of their control then it must be stopped (in their narrow minded heads). So we can expect that it's going to happen, all we can do as Investors/Hodlers/Traders/Enthusiasts is ride the storm and wait for the sunshine Cheesy




It's posts like this that make the rest of us laugh.  Millenials think that just because Bitcoin is new and digital, that it's going to change the world and the rest of us just don't understand it.  Did it ever once occur to you that maybe YOU'RE the one that doesn't understand?  Fiat money going away?  That's absurd.  You obviously know absolutely nothing about finance, economics, or financial markets.  Maybe I'm being harsh, but sometimes you just have to slap people in the face to get their attention.

It's possible that Bitcoin may indeed play a role in the economy of the future, but it will be a much different role than what you're currently envisioning.  It can't replace fiat money because a currency with a fixed amount is deflationary,  and therefor cannot possibly work in a growing economy.  There's a dozen other reasons that I won't bother going into, but I would suggest you do some REAL research on finance and monetary systems and stop listening to your friends.  They don't know any more than you do.  Good luck.
Post
Topic
Board Speculation
Re: time to buy bitcoin
by
Joebobb69
on 26/01/2018, 17:09:03 UTC
For sure this is the right time to buy bitcoins because its price is very low right now. And also people who hold bitcoins should stay put because it is not good to sell bitcoin while the price is slow.
[/quote]

For sure?  Nothing is for sure.  My bet is that Bitcoin is going to fall much further because people are now beginning to see that there is no intrinsic value in owning Bitcoin.  It doesn't even do what it was supposedly designed to do.  It's expensive to mine, it's bad for the environment, it has high transaction times and high transaction costs, and it has no value except what someone else is willing to pay for it.  It's a pure speculative play, and people are now beginning to realize that.  Not to mention that many banks and governments are beginning to prohibit it.  If you like to speculate, then by all means do so, but only speculate with what you can afford to lose.  Good luck.