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well you work for real money that would be major point,its physical by many accounts.Real money create jobs since they are being invested.btc is more like medium between fiat=btc=fiat,closest you can compare it as some stock,think BTC more is like a service where people buy it either to gain easy asset transfer or speculate on it like forex.
I think this post must be moved in the trading discussion section. Well where do we start, Resistance and Support levels are kinda the basics of Technical Analysis (This is where they based their Buy Low Sell High Technique) However a lot of us fail to identify both of them. Support and Resistance maybe identified as the invisible barriers both protecting and restricting the price action, respectively. Right now if you search "Bitcoin Chart" you will see that Bitcoin is on a major uptrend if you draw an invisible line below the price levels that will be your support line in which you can base your buy points on.
agree to your post btc is going into slow downtrend,this pump action is only to sell off rest at higher prices,since see kids like to post charts without realizing they look at 15min or 1 minute charts and its climbing for them when in reality it topped out before 1300,and with fork coming smart investors will let it go back up before dumping again.Since only way to make profit is buying low not close to all time high that makes one profit.pointless question,id ask person why he has btc in the first place if he doesnt know what to do with it.
Since simples:if one is lucky and have 100 or so,you cash out buy house,nice car,start some hobby project and live off it,instead of grinding in some job.
If goal is bigger then invest in education and your future career be it training learning etc.
for small amounts either save it-towards your goal,or spend whatever is you wish to buy.
In general not saying just cash out all and go on coke and hookers spree,but if one is able to afford things with btc which otherwise they wouldn't and asks for advice id questions mentality of such person.its money in one state or another thus do what you would do with cash.
Since simples:if one is lucky and have 100 or so,you cash out buy house,nice car,start some hobby project and live off it,instead of grinding in some job.
If goal is bigger then invest in education and your future career be it training learning etc.
for small amounts either save it-towards your goal,or spend whatever is you wish to buy.
In general not saying just cash out all and go on coke and hookers spree,but if one is able to afford things with btc which otherwise they wouldn't and asks for advice id questions mentality of such person.its money in one state or another thus do what you would do with cash.
Now there's at least every second post about either BU or btc failling or some other crap.
Do some people like mature ones +30yrs old and who have been long enough stop and think what rubbish is being posted here,given sticky serious topics only.
Since as situation stands btc is dropping,not sure how to tell that but how naive one has to be to expect it to rise past 1300 and go up up up and up,its been on the rise for almost several years.Didnt you ever trade any commodity to see that healthy market usually corrects itself thus means shaking off some price -now all these news allegations speculations maybe they influence someone to drop btc,but at the same time its how new profits are made,since its better to enter market when its half the price then paying when price is at the top.
Since i see whatever way someone spins this crap its not certain it might not even happen for a year,and worst if it happens everyone will have double thus being able to sell off BU or whatever it might be and make extra cash and grow new funds out of it.Yes price might half,but as history shows btc moves in 100s when theres demand and all is well.thus why the scaremongering around people who have been trough years of downs and up to thousands.
Whoever is dumping i say good speed,since this will draw new people to affording to get btc at better rate,since at the end of the day its spare money one has that would be halved at worst which given how volatile and unpredictable btc is shouldn't be anything new,so why waste energy in smth most dong have control over,and just take advantage of situation to ride out it calmly.
Do some people like mature ones +30yrs old and who have been long enough stop and think what rubbish is being posted here,given sticky serious topics only.
Since as situation stands btc is dropping,not sure how to tell that but how naive one has to be to expect it to rise past 1300 and go up up up and up,its been on the rise for almost several years.Didnt you ever trade any commodity to see that healthy market usually corrects itself thus means shaking off some price -now all these news allegations speculations maybe they influence someone to drop btc,but at the same time its how new profits are made,since its better to enter market when its half the price then paying when price is at the top.
Since i see whatever way someone spins this crap its not certain it might not even happen for a year,and worst if it happens everyone will have double thus being able to sell off BU or whatever it might be and make extra cash and grow new funds out of it.Yes price might half,but as history shows btc moves in 100s when theres demand and all is well.thus why the scaremongering around people who have been trough years of downs and up to thousands.
Whoever is dumping i say good speed,since this will draw new people to affording to get btc at better rate,since at the end of the day its spare money one has that would be halved at worst which given how volatile and unpredictable btc is shouldn't be anything new,so why waste energy in smth most dong have control over,and just take advantage of situation to ride out it calmly.
im recently was convinced and got into btc,and these topics make me laugh,btc as it stands now is threat to itself,banks prob dont give it a fud,btc is small market,volatile and with 20mill cap.its like your middle in the nowhere bank power wise.
way i see it now btc is experiment that got somewhat sucesfull,but many now in the game are just gambling and always willing that price will climb to make them rich,while preaching about its usage when most just buy to save it,and rest just to use it on darkweb.Id be surprised if btc usage on www for general stuff amounts to 0.00001% globally,darknet aside,since thats where it mostly shines,even thou most wont admit it.
way i see it now btc is experiment that got somewhat sucesfull,but many now in the game are just gambling and always willing that price will climb to make them rich,while preaching about its usage when most just buy to save it,and rest just to use it on darkweb.Id be surprised if btc usage on www for general stuff amounts to 0.00001% globally,darknet aside,since thats where it mostly shines,even thou most wont admit it.
well im new here but recently got some btc,for years i was against btc for many reasons,but once tried setting up wallet and buying small amount it seemed a breeze.now thinking what to do with it dark web was first thing to pop into my mind where its effective.Since other purchases payments in the world are still easier to make using fiat and alternative methods just for security and piece of mind.
Now that said just another day i needed to do a task basically do some research writing,and believe it or not some topics could be major pain in the but,specially if doing for someone you know free of charge,thus figured in future actually just might put an add on the board,and pay someone in btc to do the work,also was impressed to see people selling gems,while not into them,but would certainly have interest in purchasing silver coins or bullion's,now while this can be done in fiat easily,but if doing private trades its possible to save on purchase tax,since every country has tax on precious metals and minerals,thus p2p seems interesting way.
Now that said just another day i needed to do a task basically do some research writing,and believe it or not some topics could be major pain in the but,specially if doing for someone you know free of charge,thus figured in future actually just might put an add on the board,and pay someone in btc to do the work,also was impressed to see people selling gems,while not into them,but would certainly have interest in purchasing silver coins or bullion's,now while this can be done in fiat easily,but if doing private trades its possible to save on purchase tax,since every country has tax on precious metals and minerals,thus p2p seems interesting way.
protocol is open source to overestimate Chinese is low balling look at your home if your lucky maybe few items aren't made in china,there's nothing they cant overcome.
Thus presuming they have no decent crypto programmers devs,is underestimate,look at all hacks government has strongest cyber army,now if they fund next currency all is possible,btw not saying BU would immediately pick up,but might be next boom like btc at beginning.
Since say many people would switch over,at the end few % that use btc on daily basis,will switch to whatever next vendor accepts and possible to transfer back to fiat.
Since many are worried about profits who just buy to hold it,and split would make quite decent dent in that.
In another thread i mention that never single entity or some mining pool or person should have a say,but actually core devs should be ones to push btc to direction that is good,not give free choice for select few,since id rather trust engineer then some shark when it comes whats best for future.
Thus presuming they have no decent crypto programmers devs,is underestimate,look at all hacks government has strongest cyber army,now if they fund next currency all is possible,btw not saying BU would immediately pick up,but might be next boom like btc at beginning.
Since say many people would switch over,at the end few % that use btc on daily basis,will switch to whatever next vendor accepts and possible to transfer back to fiat.
Since many are worried about profits who just buy to hold it,and split would make quite decent dent in that.
In another thread i mention that never single entity or some mining pool or person should have a say,but actually core devs should be ones to push btc to direction that is good,not give free choice for select few,since id rather trust engineer then some shark when it comes whats best for future.
the factory looks just a 3d render.china had monopoly for at least couple years now if people didn't notice.that said if BU comes into play,people even hardcore will switch eventually,since everyone in the game are for profits not for whoever controls btc,think sahosis idea ended when private echanges established,not much different from bank or any other entity where to buy btc you have to provide most details,thus what btc was and is now is completely different things even thou every second person on this forum will tell you its not.
that said if chinesse goverment is funding such projects then btc core and devs wont be able to do much,since they have brain power and cash,not to mention population,thus some might boycott it,but competing with 2+billions asians is lost battle,if they decide to make it their own reserve currency.
that said if chinesse goverment is funding such projects then btc core and devs wont be able to do much,since they have brain power and cash,not to mention population,thus some might boycott it,but competing with 2+billions asians is lost battle,if they decide to make it their own reserve currency.
paypal offers:
instant transaction
relatively low fees,no fees if sending to merchant.
high security for buyer but usually both parties-trust
ease of use.
id say only limit pp has its strict rules of what can be used for purchasing,and lack of wider coverage,thus 3rd world countries many dont even have access to PP.
while anynimty is a bonus,but that could be argued,since its not much different has having bank account,or getting prepaid card of third party and providing your details,since given current situation its quite hard to buy btc without giving bunch of your personal details to some 3rd party that youd hardly trust.
BTC has its strenghts in different areas,but mainstream purchases isn't one.
instant transaction
relatively low fees,no fees if sending to merchant.
high security for buyer but usually both parties-trust
ease of use.
id say only limit pp has its strict rules of what can be used for purchasing,and lack of wider coverage,thus 3rd world countries many dont even have access to PP.
while anynimty is a bonus,but that could be argued,since its not much different has having bank account,or getting prepaid card of third party and providing your details,since given current situation its quite hard to buy btc without giving bunch of your personal details to some 3rd party that youd hardly trust.
BTC has its strenghts in different areas,but mainstream purchases isn't one.
Re: Post your SegWit questions here - open discussion - big week for Bitcoin!
im not trying to argue with you,but if you look at btc now its mainly centralized by hundreds of small groups,from where you hold your wallet,who develops it,from every exchange and who owns it,to miners that mine it,and people that use it.My perspective is that someone who maintains core could should be able to push updates.its like any other industry you dont let someone who cleans cars,tinker with engine,or dictate how it should be designed or run-you simply look what can be improved for the end user,and push out new design hoping it will be better then last one.
Guess what im saying btc is meant to progress,if it was to reach masses,escape cap limit,transactions bumps,and ease of use.Since otherwise id say btc is actually at its equilibrium now,where you have enough people using it ,and enough supply to cater them needs.thus actually nothing could be changed and it would still work away in closed circle,where everyone seems happy.Thus someone could raise question why bother with fork or bu when keeping it as is,will be sufficient for next couple years.
Guess what im saying btc is meant to progress,if it was to reach masses,escape cap limit,transactions bumps,and ease of use.Since otherwise id say btc is actually at its equilibrium now,where you have enough people using it ,and enough supply to cater them needs.thus actually nothing could be changed and it would still work away in closed circle,where everyone seems happy.Thus someone could raise question why bother with fork or bu when keeping it as is,will be sufficient for next couple years.
Re: Post your SegWit questions here - open discussion - big week for Bitcoin!
The developers are not, and cannot be, the ultimate final authority. That would make them a centralized group that has control over Bitcoin, and that is completely antithetical to Bitcoin's ideals. All that the developers can do is to propose a solution, implement it, and make it available to everyone and then the community as a whole must decide whether to adopt that solution or not. That decision is made by people running full nodes and miners choosing to signal readiness for the solution. But the developers cannot and will not force people to adopt a particular solution.
you see you say decentralized and miners in same sentence,why do some chinesse miners would have a majority say in it,when devs should be ones making decision,would you think that miners are smarter and know whats better or someone who develops and patches the code ?
Since the way i see developers are independent,miners will chase profits and whatever fill pockets for them.
Since from the get go btc was meant as experiment and grew into industry,but along the way it lost its values to asic miners,those who can exploit it.And if people that mumble all the time how it would be great if btc was adopted globally and everyone should use it,then stuff like miners having majority say and control,cap amounts and transactions,should be fixed,might be some btc fork or whatever,but current system wasnt designed for such scale of users,thus upgrade is needed one way or another.
you see you say decentralized and miners in same sentence,why do some chinesse miners would have a majority say in it,when devs should be ones making decision,would you think that miners are smarter and know whats better or someone who develops and patches the code ?
Since the way i see developers are independent,miners will chase profits and whatever fill pockets for them.
Since from the get go btc was meant as experiment and grew into industry,but along the way it lost its values to asic miners,those who can exploit it.And if people that mumble all the time how it would be great if btc was adopted globally and everyone should use it,then stuff like miners having majority say and control,cap amounts and transactions,should be fixed,might be some btc fork or whatever,but current system wasnt designed for such scale of users,thus upgrade is needed one way or another.
Re: Post your SegWit questions here - open discussion - big week for Bitcoin!
hi im new to this forum 
Anyway not new to btc,and have a question,why do developers just dont push out whatever update they want and ,finish this political debate for good,since clearly giving miners power over mining,fees isnt decentralized option,more like exclusive cartel.
Since devs only need to roll out update and let whoever wants it to implement given theres no flaws with control it will populate itsef,thus people will move to it,it might mean end to current btc,but surely next version would be better in scalling and speed thus new chapter.Seems really simple solution,instead asking people who own monopoly what they want.
Anyway not new to btc,and have a question,why do developers just dont push out whatever update they want and ,finish this political debate for good,since clearly giving miners power over mining,fees isnt decentralized option,more like exclusive cartel.
Since devs only need to roll out update and let whoever wants it to implement given theres no flaws with control it will populate itsef,thus people will move to it,it might mean end to current btc,but surely next version would be better in scalling and speed thus new chapter.Seems really simple solution,instead asking people who own monopoly what they want.