Search content
Sort by

Showing 20 of 43 results by StarLucas
Post
Topic
Board Bitcoin Discussion
Re: What happens with my crypto when I die?
by
StarLucas
on 05/06/2018, 12:50:07 UTC
Your Crypto won’t know you’re dead. So they’ll just wait patiently, living undisturbed on the block chain. Incurring value.

4 years after you pass, you will be worth billions. But not one will ever know...
Post
Topic
Board Speculation
Re: Is it too late? (To buy Bitcoin now)
by
StarLucas
on 04/06/2018, 20:41:55 UTC
Don't mine, it's a waste of energy and resources unless you spend thousands of dollars on special hardware. Diversify your funds over a few projects. Do your own research, don't trust anyone on here.
Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin go under regulation
by
StarLucas
on 03/06/2018, 10:28:30 UTC
Bitcoin will be blamed for financing terrorism
All Bitcoin users will be retrospectively tagged with the terrorist label

Selective prosecution will be used to deter Bitcoin use, as per the old Chinese saying "Kill the chicken to scare the monkey"
Post
Topic
Board Altcoin Discussion
Re: New to Crypto, Any Advice?
by
StarLucas
on 03/06/2018, 10:27:00 UTC
Charts with lines and arrows are crap (sorry to you chartists out there). This isn't like dealing with stocks. You cant project earnings, look at financials, etc. People will constantly look for trends, some of which may actually be true, but the majority of people are just making a case for people to buy in to a specific token. This is a 24/7 365 industry, and it acts as such. It's always changing and trying to predict successes is like herding cats. I love day trading stocks and charting is a huge help to me there...not so much here.
Post
Topic
Board Off-topic
Re: How wars can affect Bitcoin?
by
StarLucas
on 29/05/2018, 13:52:21 UTC
Depends on the Warcoin ICO. Could be moon.
Post
Topic
Board Off-topic
Re: Best country for Tourism in Africa?
by
StarLucas
on 25/05/2018, 21:11:04 UTC
South Africa, Namibia, Botswana, Tanzania, Kenya, Ghana are all good introduction countries. I'd also recommend Swaziland, Lesotho, Malawi, Uganda, Rwanda. Ethiopia is one of my favorites, very different culture compared to rest of Africa.
Post
Topic
Board Off-topic
Re: Reincarnation
by
StarLucas
on 24/05/2018, 12:04:00 UTC
If I come back with a different body, and absolutely no memory of a previous life....what difference would it make? Can you even say it's "me"?
Post
Topic
Board Bitcoin Discussion
Re: Future of bitcoins
by
StarLucas
on 24/05/2018, 09:12:58 UTC
Nobody knows the role that blockchain technology will play yet. The scene has been overrun with a get rich quick mentality but it's true benefit is yet to be seen.
Post
Topic
Board Legal
Re: Criminals and Bitcoin
by
StarLucas
on 23/05/2018, 11:18:42 UTC
This argument is the lowest form of debate by tulip lovers and politicians who want to scare you into supporting their anti bitcoin laws.

Criminals use whatever enables them to succeed. The USD is the most used currency for money laundering and crime.

The world should ban burner phones? Why don’t they ban guns before bitcoin? Or getaway cars?
Post
Topic
Board Bitcoin Discussion
Re: What is the reason why we really need Bitcoin?
by
StarLucas
on 23/05/2018, 10:59:28 UTC
I find that most people buy bitcoin to simply to increase their wealth, and as such few understand the true value behind Bitcoin. For those that are unsure why Bitcoin is important let me give you a very brief explanation.

Bitcoin is a form of money that is censorship resistant

This means that no one can control your bitcoin, close your account, force you to provide documents, deny you an account because of your age, sex, religion, or race. It allows anyone, or any computer program access to the economic system. It is the ultimate form of digital and accessible monetary freedom that exists today.

In the end I salute those that buy Bitcoin for speculative reasons, because in the process they support an asset that exists the greater good. I just hope most of them learn why Bitcoin is important during their journey.
Post
Topic
Board Altcoin Discussion
Re: New to Crypto, Any Advice?
by
StarLucas
on 22/05/2018, 20:45:25 UTC
Don't buy coins on Coinbase, link you bank account and buy using bank transfer on GDAX.
Post
Topic
Board Economics
Re: Is bitcoin really anonymous?
by
StarLucas
on 18/05/2018, 12:22:39 UTC
I'm probably about to spout shit but if anyone can correct me if I'm wrong this would be appreciated!

So bitcoin isn't 'anonymous' in a sense. You can see where bitcoin moves between wallets etc. It's a case of who owns the wallet can be kinda anonymous. As for coinbase, it's not really a wallet it's kinda like a large pool of bitcoin and they say you have x amount of it. Similar to Paypal, you don't actually have the money they display it's in one of their main accounts. As for your personal information and IP, all that kinda stuff is protected by some form of the Data Protection act (for the UK, some equivalent for their country etc). So they are inclined to keep that data private and secure.
Post
Topic
Board Speculation
Re: What does the future of bitcoin look like??
by
StarLucas
on 18/05/2018, 10:30:41 UTC
Lighting network, faster transactions, lower fees, increased adoption, more media coverage, a bunch of new easy to use exchanges, Samsung ASICs production resulting in more competition and cheaper mining equipment, regulation potentially resulting in more institutional money... Looks great.
Post
Topic
Board Trading Discussion
Re: Coins good for trading?
by
StarLucas
on 17/05/2018, 10:41:47 UTC
I've made a good little chunk on KBR. Seems to quadruple and then slowly decline over a week or so then bounces back up.
Post
Topic
Board Altcoin Discussion
Re: What do you think if Facebook releases its coin?
by
StarLucas
on 17/05/2018, 10:17:30 UTC
If FB coin happened I'd probably buy in early, ride it up, and then sell it all off never to return. I am skeptical that facebook would even release a coin.
Post
Topic
Board Economics
Re: Is bitcoin really anonymous?
by
StarLucas
on 16/05/2018, 08:49:26 UTC
This isn't really anything to do with the currency, it's more a question of how anonymous the internet is; but, it is the key question regarding BTC vs XMR.

How big an issue it will be to our customers is unknown. To your average Indian merchant, it's probably not an issue; you can de-anonymize big transactions but your average ham-n-egger will slip through. Chinese whales need to pay attention.
Post
Topic
Board Bitcoin Discussion
Re: Iran bans banks from using cryptocurrencies
by
StarLucas
on 16/05/2018, 07:54:05 UTC
Doesn't matter, they can't buy anyway. All exchanges have them on a "dont and cant" list of country.
Post
Topic
Board Economics
Re: Some advices and references for a newbie?
by
StarLucas
on 15/05/2018, 08:46:21 UTC
Find a project that you really believe it will rise in the long term. Check out the market cap, the project team, roadmap, current state of the development, and worth of the market they are trying to cover. What are the problems they are trying to solve, and who are the competitors. Doing proper research will make you feel more confident when holding. Check also if the coin has fixes total supply and what percentage of the total supply is in circulation to predict future inflation. You can find a lot of useful information about the coin on https://coinmarketcap.com/ . If you click on your desired coin under tab/markets you can see list alt-exchanges where you can buy it. Another useful website is http://coinmarketcal.com/ where you can find dates of interest for various coins.

Most of the alt coins are trading on exchanges with altcoin ->BTC/ETH pairs. So first you need to obtain BTC or ETH. Coinbase is the most popular choice for that purpose but I would suggest you https://www.bitstamp.net since they have lower fees (0.25% compared to 1.5%). Another option to lower down fees is to use GDAX from Coinbase. With GDAX, if you're "taking" an order (meaning filling an existing order in the order book), the fee is 0.25% for Bitcoin and 0.30% for Ethereum. However, maker fees (meaning placing a limit order on the order book that may or may not be filled) are 0. After you bought BTC you can transfer it into BTC wallet on alt exchanges and start trading. Some of the popular alt exchanges are Binance, Bittrex, Bitfinex, etc. I prefer binance since they have the lowest fees (0.1% compared to 0.25%/0.2%). I also grew quite fond of their user interface. Check out advanced mode. You can use this referral link if you like https://www.binance.com/?ref=10196951 I would also recommend to use 2step verification for logging in.

Don't buy at all-time high if the price was rising too suddenly. I usually search for the dip for the coins that I believe in long term. Rule of thumb: all cryptos are pretty much influenced by BTC. When BTC rises suddenly most of them fall. When BTC falls down suddenly most of the cryptos fall. When BTC is stagnant or has a slow steady rise, alt coin flourish. And last, remember to take part of your profits when it's skyrocketing. Usually, there is a correction after sudden increase. Just holding, without taking the profit is still haunting me with my NEO (Antshares). It's always good to take profit to increase your stack. Have fun and good luck trading/investing!
Post
Topic
Board Beginners & Help
Re: What Is A Blockchain
by
StarLucas
on 15/05/2018, 08:28:36 UTC
A (bitcoin) blockchain is a database where you can rely on the records/entries to be legitimate since falsifying them is expensive and requires consensus. The older an a entry is, the more expensive it becomes to manipulate it.

In a traditional database, the records can be manipulated by the administrator of the database at will.

As you can imagine, for a currency system where no one should be in control, we can't use a traditional database where someone has admin access. We use a blockchain.
Post
Topic
Board Speculation
Re: Why the Cryptocurrency Market Is Falling
by
StarLucas
on 14/05/2018, 15:29:22 UTC
Because it’s literally how market cycles work. We were in euphoria, now we’re plummeting back toward despair because there were no fundamentals causing us to pump as hard as we did, especially from $5-$20k.

Did bitcoin’s core tech suddenly become 4x as good? Did 4x as many people suddenly gain interest in the markets with a full understanding of how the core technologies work?

No. People were looking to get rich quick, and now the market is correcting back to an appropriate price.