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Showing 19 of 19 results by Montane
Hi,
I am sort of new to investing and have some funds to invest. Dogecoin and Shibacoin have been going through much hype in 2021 so I am thinking of purchasing some of this new coin ShibaDoge. But I am a little confused, if I do purchase it by exchanging it through ETH and then later on I want to sell it, how do I sell it? Do I have to physically find someone who wants to buy it off me?
Thanks
I am sort of new to investing and have some funds to invest. Dogecoin and Shibacoin have been going through much hype in 2021 so I am thinking of purchasing some of this new coin ShibaDoge. But I am a little confused, if I do purchase it by exchanging it through ETH and then later on I want to sell it, how do I sell it? Do I have to physically find someone who wants to buy it off me?
Thanks
If I sell some btc with paypal. The transaction occurs and I get the paypal in my account. Then I use the paypal instantly. Will the buyer be able to reverse the transaction once the paypal has been used form my account?
Still available?
Sorry the amount has already been mostly sold, but check this thread I will be updating with new amounts when they become available.I can send paypal as gift need 300$ btc we can use escrow here in bitcointalk
Sorry perhaps I was unclear. I am doing BTC to AUD/PAYPAL transfer. ie you send me BTC, I send you PayPal or AUD.I currently have funds to exchange up to 0.015 BTC to AUD. My exchange rate is 1:1.
Minimum exchange: 0.001BTC
Maximum exchange: 0.015BTC
I will be using card-less cash through the commbank app to provide cash from your nearest atm. The exchange will take place in real time that I set. If you are trusted member I am happy to go first, otherwise it will be you sending BTC first. I know 0.015 is small amount, but anyone who is interested pm me.
Minimum exchange: 0.001BTC
Maximum exchange: 0.015BTC
I will be using card-less cash through the commbank app to provide cash from your nearest atm. The exchange will take place in real time that I set. If you are trusted member I am happy to go first, otherwise it will be you sending BTC first. I know 0.015 is small amount, but anyone who is interested pm me.
PoS works by people staking their coin. . no intense computation needing superior hardware
it creates no value. there is no 'cost' in mining. people can put their stake in. and later take it out. no loss
I see. Wow this makes a lot of sense. POS doesn't provide the inherent value that POW does. So coins like Cardano are solely regulated by supply and demand. it creates no value. there is no 'cost' in mining. people can put their stake in. and later take it out. no loss
But how does POS actually validate a transaction? Bitcoin miners have to solve the puzzle, but POS miners just have lots of the coin??
but the thing about PoS is if a coin was successful and everyone was using it. eventually the slicing up of the reward being split between everyone involved would leave everyone with nothing. thus majority lose interest
And this won't happen to bitcoin because the miners are controlling the value of the coin. makes sense.Welcome to the community, I suggest you read the following threads below regarding the PoW vs PoS arguments it's pros and cons:
Thanks for the links. Helped a lot 
I know Bitcoin is running on a proof of work consensus algorithm. Recently I discovered proof of stake by reading up a bit on Cardano and Ethereum's 2.0 plans.
What is the difference between these two, how does POS reduce the energy required to mine a block transaction and are either of these more secure than the other? Basically what are the pros and cons of each.
Also if POS consumes less energy, then wouldn't it be a good idea for Bitcoin to transition to a POS algorithm?
What is the difference between these two, how does POS reduce the energy required to mine a block transaction and are either of these more secure than the other? Basically what are the pros and cons of each.
Also if POS consumes less energy, then wouldn't it be a good idea for Bitcoin to transition to a POS algorithm?
Just a really quick question. What is the difference between altcoins and coins and tokens? And how does the difference affect me from a prospective traders perspective?
Altcoins are created by forks, cloning sourced codes and they usually are wiped out by bear market. They have high price at starts but over time, they will slip down on price and gradually disappear from the market. Many of them end with 0 volume, zero development activities.Invest your money into bitcoin and coins from top-notch exchanges. Since 2020, DeFi tokens are hottest but you will lose money if you invest in them and don't sell quick enough.
Basically, Ethereum aims to bring blockchain tech to the real life through its ecosystem that involves not only money transfers or payments and remittance but also smart contracts, decentralized finance, automation, dApps, tokenization plus dozens of allied features and services that simple bitcoin was not able to provide alone so in my opinion Ethereum is a next level project and it aims to bring crypto adoption and use cases for masses.
Ethereum can be used as a platform towards another projects. To give you an idea regarding that, if you know Binance Coin. It's a known altcoin today which has started itself on Ethereum Smart Contract. And when they've became stable, they've made their own chain/mainnet.
It's like a project that you can create another project through it. And with the latest updates about it is the 2.0. Which makes it become a proof of stake coin, where transactions will no longer be confirmed or mined by GPUs but by wallets that has the eligible amount of Ethereum.
It's like a project that you can create another project through it. And with the latest updates about it is the 2.0. Which makes it become a proof of stake coin, where transactions will no longer be confirmed or mined by GPUs but by wallets that has the eligible amount of Ethereum.
So Ethereum is more of like an adoption tool whereby altcoins can emerge from its blockchain once they have reached a certain market cap?? Am I right?
ie etherem isn't really currency, rather more of an crypto adoption pathway?
I'm a bit new to crypto, but I've been following Bitcoin and its price news closely for a few years now. I'm interested in investing into some BTC or altcoins. I've recently been reading about Ethereum. And I don't really understand what it is? Like I know it's a cryptocurrency, but how is it different from Bitcoin.
So I read this Wikipedia article and it says this: "Buterin argued that Bitcoin and blockchain technology could benefit from other applications besides money and needed a scripting language for application development that could lead to attaching real-world assets, such as stocks and property, to the blockchain ... he proposed the development of a new platform with a more general scripting language that would eventually become Ethereum."
What does that mean?? And is this the major difference between ETH and BTC?
So I read this Wikipedia article and it says this: "Buterin argued that Bitcoin and blockchain technology could benefit from other applications besides money and needed a scripting language for application development that could lead to attaching real-world assets, such as stocks and property, to the blockchain ... he proposed the development of a new platform with a more general scripting language that would eventually become Ethereum."
What does that mean?? And is this the major difference between ETH and BTC?
The price of bitcoins is expected to adjust inorder to keep mining profitable, whether they're are getting 50BTC per block or 6.25BTC or none at all, when all bitcoins have been mined.
So essentially what this means is that Bitcoin price will keep on increasing? So that mining can remain profitable? So then what happens in 2140 when no more new Bitcoin is introduced? How can miners mine profitably?The software protocol was designed that way, every confirmed block comes with a coinbase reward and every 210,000 blocks (~4 years) that reward halves. Same way difficulty is adjusted every 2,016 blocks (~14 days).
Full nodes verify all transactions and ensure it's following the designed protocol, this is the consensus rule - https://en.bitcoin.it/wiki/Consensus
The terminology is all getting very complex. Full nodes verify all transactions and ensure it's following the designed protocol, this is the consensus rule - https://en.bitcoin.it/wiki/Consensus
But I think I understand a lot of the things. I understand how price works now and why it increases after the halving.After reading the article you linked me about consensus, I do have a question: What is the difference between a full node and a miner? I thought node = miner?
Quote
What determines bitcoin's price? The price of a bitcoin is determined by supply and demand. ... There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable.
Source can be seen directly: Frequently Asked QuestionsAnd i've read that halvings correlate with intense boom and bust cycles that end with bigger prices. Why is that? And what effect does a bitcoin halving have on its price inflation?
After any halving, there's 50% less Bitcoins being mined per day and as such mess Bitcoin available for sale leading to lower sell pressure and hence demand grows against supply. Of course earlier investors have Bitcoin to sell, but miners are the only source by which new coins are introduced into the market.Yeah I understand the psychological effect of the halving.
Also who halves bitcoin? Like how does it halve?
And i've read that halvings correlate with intense boom and bust cycles that end with bigger prices. Why is that? And what effect does a bitcoin halving have on its price inflation?
Kinda. After halvings, since miners have to sell some of their mined bitcoin for them to be able to pay for the electricity their using, significantly less bitcoin are being sold on exchanges. Hence, having significantly less selling pressure. So after a while, again since far less bitcoin are being sold, this causes bitcoin to rise in price.Going back to my apples example. The halving is pretty much the storm, which significantly reduces bitcoin(or apples) being created.
Bitcoin's price is decided the latest executed buy/sell offer on exchanges. Let's say 5 seconds ago someone bought 1 BTC for a price of $36,000 on Binance. Bitcoin's price on Binance would then be $36,000 (temporarily, until the next order executes, which should only take mere seconds).
Now, on a bigger scale(e.g. CoinMarketCap), Bitcoin's price listed there would be the average price of all the exchanges listed on CoinMarketCap.
Ok right. So the exchanges get the price by calculating the supply/demand thing. And then CoinMarketCap averages all of the prices across all exchanges. Now, on a bigger scale(e.g. CoinMarketCap), Bitcoin's price listed there would be the average price of all the exchanges listed on CoinMarketCap.
Though not exactly the same, that's somewhat how Bitcoin's halvings work.
Ok wait I heard about this thing too. The bitcoin halving... Is that the same thing as a fork or something? And in the bitcoin halving, basically the number of coins that people who mine the blockchain receive becomes half right? And i've read that halvings correlate with intense boom and bust cycles that end with bigger prices. Why is that? And what effect does a bitcoin halving have on its price inflation?I'm a bit new to Bitcoin. I've been following its growth over the past few years and am really interested in trying it out. But I have some questions which I can ask here right?
Something I never understood is how is Bitcoin price calculated?
Something I never understood is how is Bitcoin price calculated?