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Showing 18 of 18 results by Proficient
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Topic
Board Off-topic
Re: Flat Earth
by
Proficient
on 12/03/2017, 00:12:24 UTC
The Earth is Flat and Motionless.

http://i.imgur.com/WbVRMRT.jpg

Then why do the bottom of the buildings appear to be lower than the horizon? Because of curvature that's why.

Nope. If that would be the case you should also see the curve on x axis, and you clearly do not.

Refraction and magnification - there is no curvature: https://www.youtube.com/watch?v=I-Q-FuXJSTQ


Having pictures of an area where the horizon appears flat doesn't prove that the Earth is flat any more than standing under a shelter proves that it's not raining.  It's just an area of land which appears flat because, believe it or not, the Earth is pretty damn big and you can only see for a few miles at most.

If you want to believe that the Earth is flat, go and send up a camera tens of miles into space to check for specifically you as thousands of people have done before, but don't just claim that the Earth is flat when it's 100 metres up and can't see the whole Earth yet.

All of our best and most relevant scientific knowledge suggests that the Earth is closer to a sphere than any other shape (or an ovoid).
Post
Topic
Board Speculation
Re: BTC back to 1,200+
by
Proficient
on 12/03/2017, 00:02:11 UTC
Bitcoin is still pretty stable and will continue to be.  The ETF did not destroy Bitcoin, far from it.  I think this shows the strength of the community and that people are properly in this for the long run.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin/Blockhain is dead.
by
Proficient
on 11/03/2017, 23:54:03 UTC
Bitcoin is still on top of any cyrptocurrencies, the many users will have the network congestion it has. Bitcoin is not dead as what you think its still the best nowadays because of its votality. And, many users are still into using of bitcoin whatever happens. Because many are still earning and getting benefit of it.

Bitcoin users are very loyal to bitcoin, they will depend it if others criticize it, will buy more bitcoin if the price went down. They will support and cling to bitcoin amidst the longer transaction confirmation and higher fees. Because of these loyalty and support bitcoin will not die and will continue to prosper as a currency worldwide.
This is true because Bitcoin's core fanbase fits a niche of people who are interested in tech.  This is not something that can just disappear or that will disappear to support another cryptocurrency because of the slightest variation to the blockchain system that they create.
Post
Topic
Board Beginners & Help
Re: Easiest Way to Turn Bitcoin into Cash?
by
Proficient
on 11/03/2017, 22:42:05 UTC
Localbitcoins, but always bring a counterfeit detector if your wish is to convert your bitcoins into cash!
This.  If you want physical cash you have to be really careful about a scam at all stages - use LocalBitcoins and:

-Check seller feedback and make sure that they are reputable.

-Meet in a public place to keep yourself safe.

-Check carefully for counterfeit money.  If the seller is genuine they should not be offended by this.
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Topic
Board Gambling discussion
Re: What is better? To gamble or to invest?
by
Proficient
on 11/03/2017, 22:35:34 UTC
Most of the time, gambling will result in you losing out, so just make sure to be careful and gamble responsibly.  Investing is varied, it all depends on what you invest in.  If you invest in something fairly reputable (e.g. casino bankrolls, related to gambling), then you'll probably get ROI but it'll take a long time and you shouldn't expect anything straight away.
Post
Topic
Board Economics
Re: First investments in bitcoins
by
Proficient
on 11/03/2017, 22:25:30 UTC
As much as I love crypto, I've learned that I don't have the temperament for investing. I'm too timid when it
comes to finances. I'm fine with smaller investments...$20 here, $50 there...but the thought of buying an
entire bitcoin (or even half of one) scares the bejeezus out of me Smiley
I agree, I also don’t like to take the risk and a invest a lot of money into bitcoin, some people tend to dump all their saving and thousands and millions of dollars into bitcoin without knowing the fact that its future is still yet unsure, they may have got some serious profit but still it is so risky.

I'm sure that this behavior is not from shyness, but from the fact that you do not have so much money that you are ready to lose. I am also very much afraid to lose my savings, because it is very difficult to earn them. Therefore, I try to think carefully before investing

Most of us are scared of losing our hard earned savings by making wrong investments but as it has mentioned above it's better to start with minimal investment and make profit out of it and keep following the cycle until you can buy an entire bitcoin then make more progress like trading or gambling (i won't suggest gambling from my personal point of view) start with little and make it bigger so that you do not end up losing your hard earned money.

Gambling is a best way to loose money so if you want to experience the disappointment of loosing then you can go for it or simply stay away from it and comparatively trading is much better way to multiply your bitcoins and earn some descent profits which may not be possible with gambling for sure.
That's not always the case.  Gambling is a poor idea if you're trying to earn profits because the odds will always be on the house's side (they have to make a profit, right?) but it's not the best way to lose money.  The best way to lose money is to keep it in fiat currency (just kidding).  Seriously, trading is not perfect and you can't expect returns all the time.  Many traders have to lose out for other people's profits, and it's the amateurs who try too early who suffer from this.
Post
Topic
Board Speculation
Re: If Price drops after ETF not approved, it's because people are Dumb
by
Proficient
on 11/03/2017, 22:16:23 UTC
People who only hold are not contributing to any rises in price.  While people who panic sell on a decision which will clearly only affect Bitcoin reguarly and that is annoying, I don't accept that holding Bitcoin will do anything.  If all you're doing is hoarding it you're not creating any much-needed demand.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin/Blockhain is dead.
by
Proficient
on 07/03/2017, 16:36:07 UTC
Bitcoin's value is being held up by investors and traders, but its use as a cryptocurrency, the only thing it was actually supposed to be, is dwindling.

I don't think Bitcoin is dead though.  There will always be a way through this because if miners feel that people will give up and stop doing transactions, that'll be an incentive to actually sort out the network by implementing SegWit, which I do believe will happen eventually and Bitcoin will become scalable.

You're right though, for now, Bitcoin is pretty annoying.  My transaction with over 3mBTC of barely 10mBTC took over 2 days to confirm.  This is not the consistency and professionalism that a great network like Bitcoin should have.
Post
Topic
Board Service Announcements
Re: Open Bitcoins- p2p bitcoin trading platform with 0% commission
by
Proficient
on 07/03/2017, 16:29:58 UTC
Announcing this before it's even been released, without building up any trust at all, is not going to make people want to use your service.

People on this forum are rightfully very skeptical about new services like this because it's the sort of thing that can be a scam and keep it's reputation unharmed for a fairly long time (until people get loan repayments, which may be a long time).  Especially in the cryptocurrency world where people can be near-anonymous and make scams which don't get them prosecuted, you have to make sure you can prove your company is legit.

When you make posts like this, you need to let people know exactly why you've made this service, because it seems too good to be true that someone would run a service without any obvious ways of making profit.

I don't necessarily doubt your sincerity myself but you can see why people would and I hope you'll take this advice seriously (even though I'm new myself).
Post
Topic
Board Bitcoin Discussion
Re: Do you save bitcoin for fun or for future purpose?
by
Proficient
on 07/03/2017, 16:23:55 UTC
It's both.  I find Bitcoin interesting as a new idea which I believe will become more popular over time so it's great that a hobby can make money in itself.  But of course I think that when Bitcoin is more popular and is adopted in stores I'll spend it more (of course I will spend it in places that accept it, but that's not many).  You could also even view that future purpose as being fun - money might not buy happiness, but to some extent it does, especially when it's as convenient as Bitcoin.

Bitcoin could be so great for traveling and that would be fun.  Imagine going around the world, not having to convert into any local currencies, only having to take your phone with you and you could pay for anything.  So the future purpose could even be fun in itself.
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Topic
Board Bitcoin Technical Support
Re: 25 btc stuck - Transactions allways stuck, scared to sell btc now cause of this
by
Proficient
on 07/03/2017, 16:11:32 UTC
Generally the fees and the network in general are ridiculous right now until enough miners give support for SegWit for it to be implemented.  This seems like it'll take a long time as Bitmain has a monopoly on mining and the owner, Jihan Wu, is opposed to its implementation. 

As a temporary solution for, for lack of a better word, important transactions like yours, you could use a Transaction Accelerator.  These are essentially a small group of miners which take the transaction ID of your transaction and try to get it into the next block.  However, don't use these for all transactions as then they will become useless (because they would be attempting to prioritise all transactions.
Post
Topic
Board Legal
Re: bitcoin legal vs illegal ???
by
Proficient
on 07/03/2017, 16:00:26 UTC
it doesn't make sense to remove it, because i can simply create another wallet if i want more anonimity, and creating another wallet is more anonymous than making more address with the same wallet

not to mention it also lower your average transaction size, it's a win win situation, for everyone using bitcoin
True, and all that making people keep the same address would do is either to create new wallets or to just move to a more anonymous cryptocurrency, like cloakcoin which some people seem to like.

Countries will decide whether Bitcoin should be legal or not partially based on their commitment to privacy, but ultimately no one can entirely ban something on the Internet unless they entirely remove the conventional Internet for their own purposes (e.g. North Korea's intranet), and by compromising its principles Bitcoin would leave itself vulnerable because if a government decided to ban it, people would find it much harder to hide their use.
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Topic
Board Service Discussion
Re: bitminer.io real or scam?
by
Proficient
on 07/03/2017, 07:52:17 UTC
Yep, it's definitely a scam.

It tries to fool you by suggesting that withdrawals can take a really long time but there's no genuine reason to take so long, it's just to convince you that you're actually going to get your money so that you might keep reinvesting or referring people.

No site that suggests exact returns is legit, especially when those returns are very high and it doesn't mention hashrate, electricity or maintenance costs etc.

Cloud mining in general is a pretty bad idea - even HashNest which is legit is not necessarily a good investment and I would avoid them because Bitmain has too much of a monopoly on mining in general.
Post
Topic
Board Economics
Re: Investing Bitcoins?
by
Proficient
on 07/03/2017, 07:44:23 UTC
Why invest your hard earned bitcoins when you can just hold them and use that as your investment, got to be safer than any other investment opportunities.
yes that is right to say that only holding bitcoins for a long time is also a good option you do not need to invest your money anywhere in present time and by only holding it you can make good money.
But there is no assurance  that the price of bitcoin can be increase more in the future because the price of bitcoin is not stable increase the movement of the price of bitcoin still relaying on demand and supply..  if bitcoin is not in demand and more people are selling it the price could be decrease or crash. so be careful with your decision. well for now we are seeing good movement of the price for long time bitcoin holder we can say that they already got good profit and the growth of bitcoin is slowly increase that can make you profit if you wise use your investment into trading the rankings of altcoin and the price are changing if you can see the list of coinmarketcap the top 20 are good choice than ICO 's or new releases altcoin....
There's even less assurance that altcoins' prices will remain stable.  Trading altcoins is extremely risky if you want to actually make a profit, because unless you're pretty skilled you can't make a lot of profit on the more stable ones like Lite or Doge and when you try to invest in less popular coins they're very likely to just get dumped.
Post
Topic
Board Economics
Re: Bitcoin price is higher than 1 oz of Gold. But,
by
Proficient
on 06/03/2017, 21:45:07 UTC
Bitcoin's value being over an ounce of gold is not really relevant.  People could choose any arbitrary amount of gold, which is not really a unit, and then go on and say that Bitcoin is more valuable than gold, but the actual market cap of Bitcoin is obviously significantly less than gold.

Bitcoin needs to be viewed as a genuinely stable investment and that isn't achieved by some clickbait sites arguing that Bitcoin is better than gold because the value of Bitcoin is more than an ounce of gold - it needs to show stability and prove to investors that it is a genuine solution rather than a fad.
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Topic
Board Bitcoin Discussion
Re: Bitcoin: Society’s Curse or Boon?
by
Proficient
on 06/03/2017, 21:36:55 UTC
This thread is kind of pointless, because all people who like Bitcoin enough to be on this Bitcoin forum are pretty unlikely to think Bitcoin is a curse on society.  It does cause temporary issues, such as the high power usage, but there isn't a lack of power, it's just that renewables are not used enough, and since Bitcoin mining is barely profitable in Western countries without renewable energy, it creates an incentive, with state backing, to use it.
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Topic
Board Economics
Re: A little perspective: $198 to $1139 then and $198 to $1139 now
by
Proficient
on 06/03/2017, 19:48:00 UTC
It may be more stable than it was before but I don't accept that this is natural, sustainable growth.  Nothing just grows by basically half its value in a few weeks - it seems like all this is just based on huge amounts of hype that Bitcoin has built up recently (partially because of the ETF).  Before it continues to grow healthily as it did from 2014 to a couple of months ago, we'll inevitably see another crash.  Even if the ETF is approved, it'll just cause a slightly higher bubble, which will burst before the ETF actually starts bringing healthy growth to Bitcoin.
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Topic
Board Bitcoin Discussion
Re: Will storing bitcoin kill it?
by
Proficient
on 06/03/2017, 19:39:29 UTC
After 2040 when the flow of new Bitcoins dries up, the answer is yes since miners would be reliant on transaction fees.  Before then, it will still harm Bitcoin.  Bitcoin was intended to be used as a currency, and this idea of just hoarding it and never actually doing anything with it will not contribute to any price rises that occur.