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Showing 14 of 14 results by basinlotus
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Topic
Board Altcoin Discussion
Re: The flippening is coming fast. The real bitcoin is catching up quick.
by
basinlotus
on 19/08/2017, 14:16:54 UTC
The real bitcoin? Hahaha. There is no the real bitcoin anymore. 1MB is the real one, don't cheat us with a 8 MB's fake one.

Wow!  I don't think SegWit2X is going to work.  The real Bitcoin is going to put it to shame in about two weeks.  Today was epic.
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Topic
Board Altcoin Discussion
Re: Have you dumped your BCC yet?
by
basinlotus
on 19/08/2017, 14:06:07 UTC
Yes, all of them. I sent my BTC to okcoin before the fork. So I got BCC right after the fork.

Have you dumped your BCC yet? If yes, explain the following:

1) What method did you use to dump it? Did you get the split from a Bitcoin Core wallet or other method to store your private keys?
2) If you selected an exchange, in what exchange did you send your coins to receive the split?
3) Have you sold yet? If so, in what exchange and how much have you sold?
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Topic
Board Altcoin Discussion
Re: ETH or BCC who whil be best?
by
basinlotus
on 19/08/2017, 13:58:41 UTC
Because of the debate of segwit and segwit2x, BCC will increases it's value temporary. But in a long run it will die. ETH is a totally different story. If ETC doesn't beat ETH, it will still a alive.

I want to discuss about these two giants, how your analysis of the ETH after the emergence of the BCC is a real rival, but I see https://myetherwallet.com no less great, fast and cheap deals.

Can BCC beat this?
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Topic
Board Speculation (Altcoins)
Re: Korean market push BCH price up
by
basinlotus
on 19/08/2017, 13:47:33 UTC
I think that's because of the uncertainty of segwit and segwit2x.

Trading volumes of BCH very high on BCH/ KRW pair. Korea is pushing it up now.

According to Coinmarketcap the most volume are on korean exchanges. Bithumb,Koinone,Korbit.


Any adequate reasons for that?

I see only mining price.It is cheaper than bitcoin and if price will be the same as for now.more profitable.

But pure adoption ,no innovtions and strange nature of birth telling me that it is big pump/dump again.

Korean people are very addicted to gambling, do not fall in it too.

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Topic
Board Bitcoin Discussion
Re: Bitcoin on Uber
by
basinlotus
on 19/08/2017, 03:49:39 UTC
Hopefully, they will. Just don't know which one they will accept.

Heard some Chinese cab apps considering accepting crypto.
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Topic
Board Bitcoin Discussion
Re: Bitcoin on Uber
by
basinlotus
on 19/08/2017, 03:35:52 UTC
It's a good start. Waiting to see when one can pay the driver with BTC, not only the tip.

Meanwhile, bitcoin just got integrated with Uber for tipping drivers. Isn't that a good news?

https://twitter.com/Melt_Dem/status/895466611477544960
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Topic
Board Speculation (Altcoins)
Re: BCC/BCH
by
basinlotus
on 18/08/2017, 16:46:43 UTC
There is no technology innovation, no application demand. Even the price increases it's just a speculation. And there is a trend to get centralized, it's price may be manipulated by some group.

Is bcc/bch will pump its price to the moon like btc?
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Topic
Board Bitcoin Technical Support
Re: Is it safe to hold all of your BTC on one address in cold storage?
by
basinlotus
on 18/08/2017, 15:32:38 UTC
I think it's safe, if your private key is strong enough. Cheesy

The advantage is obvious. You have all your BTC in one address meaning you would be actually able to memorize the private key and have the encrypted metal stamped version of it in some safe in case you die and want to leave to someone else.

But is there a threat posed by this Bitcoin collider that someone stumbles by chances exactly into your address?
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Topic
Board Economics
Re: Bitcoin or gold?
by
basinlotus
on 18/08/2017, 15:18:16 UTC
Bitcoin.

In a digital world, people do not need to carry gold with you to anywhere, but can take the digital gold by all means.   Cheesy

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
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Topic
Board Trading Discussion
Re: How do I grow my btc?
by
basinlotus
on 18/08/2017, 14:37:07 UTC
Agree. But it's also risky. It's not easy to find a good altcoin anyway. Have to do some research before invest.

Trading is risky and quick profit is like gambling! I advise you buy some promising altcoins, which are cheap now and it is a good time to invest to them! Please do your own research before making your decision!
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Topic
Board Altcoin Discussion
Re: What do you think about ZEC?
by
basinlotus
on 18/08/2017, 14:25:51 UTC
Not know much about ZEC. It's based on zero-knowledge proof, suppose to have more privacy and selective transparency. But, ETC plans to integrate zero-knowledge proof as well in the future.

Thread asks for everything.

Any speculations? What do you think about investing into zec or mining zec?

Any alternatives for mid / long term invest / mining?
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Board Bitcoin Discussion
Re: Is Bitcoin really secure?
by
basinlotus
on 18/08/2017, 14:00:00 UTC
The current cypto algorithm is safe before the application of quantum computers, which will be many years later. But before that happens the community will update the cypto algorithm for sure.  Cheesy


Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers
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Topic
Board Beginners & Help
Re: The History of Bitcoins!
by
basinlotus
on 18/08/2017, 13:40:38 UTC
It's really a nice one! Thanks for collecting them together, though we have read the news through out the years  Grin

I thought I would share with new beginners of how Bitcoins started Smiley

Really interesting!

https://101options.com/the-history-of-bitcoins/
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Topic
Board Bitcoin Discussion
Re: Do you think Bitcoin will survive after 100 year ?
by
basinlotus
on 16/08/2017, 14:53:17 UTC
Depends on the community. If they keep dividing, there will be hundreds of coins named bitcoin. I don't think it can survive, but the blockchains' idea will.

I am asking this just to see the different opinions of Bitcoin community about its long term potential

I know Bitcoin is actually strong enough and stable as well

But what do you think about it after 100 years ?