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Re: [2018-02-21] Venezuelan Petro on Pre-Sale, How Has it Been Received?
I mentioned this already in other communities, but just ask yourself following questions before spending any money:
- what happens if the Venezuelan government goes into bankruptcy, will the so backed oil be accessible?
- Majority invest in cryptocurrencies because the expect growth potential. A barrel is worth a barrel in 2030. Maybe it can protect your investments from inflation but nothing more.
- There won't be any place soon to spend your petros. And I expect nobody of us will go to Venezuela for shopping at goverment regualated food stores or paying taxes there.
- So if it's backed by real oil. I don't believe they have 100,000,000 barrels of oil standing around, ready if someone wants to change his tokens into real value. And out in a underdeveloped oil field it's worth nothing....
- If this article is true, they are selling with a 60% discount. That talks for itself. https://news.bitcoin.com/venezuela-considers-selling-its-oil-backed-cryptocurrency-with-a-60-discount
Whitepaper: http://www.elpetro.gob.ve/Whitepaper_Petro_en.pdf
Interesting Article on steemit: https://steemit.com/venezuela/@alemacgo/the-truth-about-the-petro-launch
Enjoy and have a good laugh, just don't invest a penny....
- what happens if the Venezuelan government goes into bankruptcy, will the so backed oil be accessible?
- Majority invest in cryptocurrencies because the expect growth potential. A barrel is worth a barrel in 2030. Maybe it can protect your investments from inflation but nothing more.
- There won't be any place soon to spend your petros. And I expect nobody of us will go to Venezuela for shopping at goverment regualated food stores or paying taxes there.
- So if it's backed by real oil. I don't believe they have 100,000,000 barrels of oil standing around, ready if someone wants to change his tokens into real value. And out in a underdeveloped oil field it's worth nothing....
- If this article is true, they are selling with a 60% discount. That talks for itself. https://news.bitcoin.com/venezuela-considers-selling-its-oil-backed-cryptocurrency-with-a-60-discount
Whitepaper: http://www.elpetro.gob.ve/Whitepaper_Petro_en.pdf
Interesting Article on steemit: https://steemit.com/venezuela/@alemacgo/the-truth-about-the-petro-launch
Enjoy and have a good laugh, just don't invest a penny....
I want to thank you gunner833 for your detailed informations about xspecter. Hard to find and get such neutral and informative informations.
Unfortunately I started reading about your postings today. I am holding some coins and would have sold most of them if I would followed your postings earlier.
I am not sure what to do now since the price is down and I am holding a small amount of coins. Anyway I will try to keep following your posts, they seem valuable.
Unfortunately I started reading about your postings today. I am holding some coins and would have sold most of them if I would followed your postings earlier.
I am not sure what to do now since the price is down and I am holding a small amount of coins. Anyway I will try to keep following your posts, they seem valuable.
Why do you think Bitcoin is a scam?
Bitcoin is a digital currency, with an awesome technology which finally solved the double-spend problem. It has many interesting features of money, similar to gold: scarcity, valuable, store of value... and sometimes better than gold: liquidity, easily transportable, easy to divide in smaller units... It's fast (10 minutes) and reasonably cheap to transfer, and you don't need a bank or middlemen.
Now you can argue if one bitcoin should be valued $0.01 or $1 million, but the price is only what people is willing to pay for it. And the more people who want to buy it, the higher price will go.
The same house has a different price if it is in the middle of nowhere town or in a big city like Manhattan / Paris / etc. Same house - but different value. One painting of random unknown painter is worth $0 and one painting by Picasso or Rembrand is millions $. Why? Because they are scarce (a small quantity) and many people want them so the price raises.
Some people may think Bitcoin is a scam because it is volatile and change over time. But... food prices change, dollar price changes, gas price changes, house prices change, stocks prices change, gold-silver price change... With one difference: fiat (dollar) is inflationary and Bitcoin is deflationary.
Wanna know what is a scam? Fiat money and (private) bankers printing money non-stop, devaluating currencies. Also Fractional Reserve banking. Google that if you don't know what it is.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning" ~ Henry Ford
Bitcoin is a digital currency, with an awesome technology which finally solved the double-spend problem. It has many interesting features of money, similar to gold: scarcity, valuable, store of value... and sometimes better than gold: liquidity, easily transportable, easy to divide in smaller units... It's fast (10 minutes) and reasonably cheap to transfer, and you don't need a bank or middlemen.
Now you can argue if one bitcoin should be valued $0.01 or $1 million, but the price is only what people is willing to pay for it. And the more people who want to buy it, the higher price will go.
The same house has a different price if it is in the middle of nowhere town or in a big city like Manhattan / Paris / etc. Same house - but different value. One painting of random unknown painter is worth $0 and one painting by Picasso or Rembrand is millions $. Why? Because they are scarce (a small quantity) and many people want them so the price raises.
Some people may think Bitcoin is a scam because it is volatile and change over time. But... food prices change, dollar price changes, gas price changes, house prices change, stocks prices change, gold-silver price change... With one difference: fiat (dollar) is inflationary and Bitcoin is deflationary.
Wanna know what is a scam? Fiat money and (private) bankers printing money non-stop, devaluating currencies. Also Fractional Reserve banking. Google that if you don't know what it is.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning" ~ Henry Ford
Duke7 is pointing out a very important issue you need to understand if you want to know if Bitcoin is a scam. Scam is a very widely used phrase and many things in daily life are scams however since they are accepted by society and are not obviously they are not called scams.
The biggest one of all is our monetary system. If you are really willing to invest quite some time to understand how money is created and how powerful it is in shaping society regarding dependency and control, you will understand why the idea and the technology of Bitcoin has a radical potential. Maybe you should try to learn more about money first and then try to understand Blockchain technology and the possibility how it can transform the way we use money nowadays.
And yes Bitcoin works in my opinion similar to pyramid-scheme, however as already mentioned by duke7 there are many similar pyramid schemes types in which we believe and participate in daily life. So far this type of system is stable in long term it is widely accepted, there is no problem or scam. However always understand that a nothing on earth can grow endless (except the stupidity of us humans), so everything has to die/shrink/crash/go down at some point.
And keep in mind, if you can make a lot of money in a short period of time, there is mostly a high risk involved or it is a kind of scam.
My personal opinion on that:
Since Bitcoin and ETH are the main option for buying other coins or tokens there is still a high demand for it. Also Bitcoin was proven as the most secure and well working coin over many years. And finally Bitcoin was the first in the market and it is the only coin 99% of the people know, when they first enter crypto market, so Bitcoin has by far the best marketing.
You are right that the value for Bitcoin is high, but my guess is there will be another wave this or the next years, were so much new money will enter the market that Bitcoin will rise for sure above 20k.
However that does not mean that it will stay stable at such high price.
Since Bitcoin and ETH are the main option for buying other coins or tokens there is still a high demand for it. Also Bitcoin was proven as the most secure and well working coin over many years. And finally Bitcoin was the first in the market and it is the only coin 99% of the people know, when they first enter crypto market, so Bitcoin has by far the best marketing.
You are right that the value for Bitcoin is high, but my guess is there will be another wave this or the next years, were so much new money will enter the market that Bitcoin will rise for sure above 20k.
However that does not mean that it will stay stable at such high price.
I can recommend you to use Bitstamp to transfer your money since you are european. Verfication needed aswell.
There you can buy Bitcoin, Ripple and ETH for a Fee of 0,25%
If you want to buy other coins you need to transfer ETH and Bitcoin to another exchange, where you can buy other coins/tokens.
Please be aware leaving any coins or token on exchanges are risky. Especially the less known and audited exchanges.
Bitstamp is one of the better once since they store 98% in cold wallets and checked regularly.
Not sure if it's worth to put up offline wallets for all the different coins since you are not buying in to much.
Up to you how you want to store them. It is always good to split it up a bit, less risk to loose all.
There you can buy Bitcoin, Ripple and ETH for a Fee of 0,25%
If you want to buy other coins you need to transfer ETH and Bitcoin to another exchange, where you can buy other coins/tokens.
Please be aware leaving any coins or token on exchanges are risky. Especially the less known and audited exchanges.
Bitstamp is one of the better once since they store 98% in cold wallets and checked regularly.
Not sure if it's worth to put up offline wallets for all the different coins since you are not buying in to much.
Up to you how you want to store them. It is always good to split it up a bit, less risk to loose all.
https://bitgrail.com/news
Important notice
Bitgrail S.r.l. Informs its users that internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by Bitgrail S.r.l.
Today a charge about those fraudulent activities has been submitted to the competent authorities and now is under police investigation.
We inform you that the other currencies have not been involved.
In order to conduct further verifications, all the activities will be temporarily suspended (including withdrawals and deposits). This procedure is indispensable for users security.
We do offer our full and sincerest apologies to our customers and to whom has been involved into the illegal transfers of Nano occurred on our platform.
Other announcements will be released shortly.
Thank you for your attention.
Important notice
Bitgrail S.r.l. Informs its users that internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by Bitgrail S.r.l.
Today a charge about those fraudulent activities has been submitted to the competent authorities and now is under police investigation.
We inform you that the other currencies have not been involved.
In order to conduct further verifications, all the activities will be temporarily suspended (including withdrawals and deposits). This procedure is indispensable for users security.
We do offer our full and sincerest apologies to our customers and to whom has been involved into the illegal transfers of Nano occurred on our platform.
Other announcements will be released shortly.
Thank you for your attention.
I can general recommend if you plan or already use electronic wallets to use a old laptop only for that.
So you can also control all ports and make sure the internet connection is only used for specific tasks.
I also recommend to use a sandbox for each wallet you are using so if one wallet or a program is corrupted it can't get control over the other applications running.
With this approach you are quite safe and you have the possibility to stake for example.
So you can also control all ports and make sure the internet connection is only used for specific tasks.
I also recommend to use a sandbox for each wallet you are using so if one wallet or a program is corrupted it can't get control over the other applications running.
With this approach you are quite safe and you have the possibility to stake for example.
Hi Guys!
I bought ripple at $2.50 and i am at very high losses. I wanted to know if and when it will reach $3, $4 and if my stars shine $5 ? Please help. I am being as much patient i can but i am honestly dying from the inside looking at the prices.
I bought ripple at $2.50 and i am at very high losses. I wanted to know if and when it will reach $3, $4 and if my stars shine $5 ? Please help. I am being as much patient i can but i am honestly dying from the inside looking at the prices.
I am very sorry for you since you made a huge loss. Ripple probably going up again until 2019 but I am not confident it will reach your target of $3 or more.
Since companies can use the technology of ripple without using ripples coin there might not be much use in future. Depending on how many companies will adopt the technology including the coin you might get away without losses.
Just to help you for further investments, be sure that the price didn't rice very quickly in a very short time. Since that's always a sign of a total overbought asset which might crash soon in the same speed it went up.
If you are willing to do some research you will find following Situation:
According to the Charts, ripples were traded at less than $0,01 in April 2017 and was suddenly up to $3 in less than a year. 30,000% return should make you very very careful....
at today bitcoin price has dropped again to $7000 even almost below of that price and i believe bitcoin will rebounce back although i don't know when it's time but to avoid huge losses i think i have to hold my bitcoin but i'm thinking to buy back again as the price is pretty low currently
If I look back at May 2017 the price was around 2500$, of course since then much more money went in to the market and more player joined. However not sure if $7000 is pretty low.
Anybody wanna share his opinion until which price bitcoin might fall? I guess $5000 is easily possible.
it all depend on you the owner of the wallet why because the wallet has a private key and the key is alone meant for the owner of the wallet not to be given to any body not even your wife its alone for so don't give it out with that your wallet is secure.
If you read through my questions carefully, you would be aware that I fully understand how to handle a private key. However if you can read out the private key of the hardware device your hardware wallet is not safe anymore.
That's why I am asking this kind of questions because if you search deeper into that topic you will find interesting security concerns...
For example this article:
https://medium.com/@Zero404Cool/trezor-security-glitches-reveal-your-private-keys-761eeab03ff8
Re: Help! 2 merits for best answer: What exchange has the cheapest ETH withdrawal?
hias and Baobao2000, you saved me an hour or two of research. I think this is enough, thanks.
Your are welcome.
Re: Help! 2 merits for best answer: What exchange has the cheapest ETH withdrawal?
⭐ Merited by cannycassiopeia (2)
So I need ETH to move my ERC20 tokens around and to do some interaction with smart contracts. I don't really need a lot of ETH, only $5 worth.
The problem is most exchanges charge 0.005 ETH ( $4.97) to 0.01 ETH ($9.94) per withdrawal! Even Shapeshift charges around that much. I have a work around in mind already but it will take $30 (I have to sell $25 worth back to get back the fiat) and jumping from fiat > BTC > DOGE > ETH.
It's funny though that you can transfer ETH wallet to wallet for 1 - 20 gwei (roughly $0.02 to $0.80). I think these exchanges are conducting highway robbery.
The problem is most exchanges charge 0.005 ETH ( $4.97) to 0.01 ETH ($9.94) per withdrawal! Even Shapeshift charges around that much. I have a work around in mind already but it will take $30 (I have to sell $25 worth back to get back the fiat) and jumping from fiat > BTC > DOGE > ETH.
It's funny though that you can transfer ETH wallet to wallet for 1 - 20 gwei (roughly $0.02 to $0.80). I think these exchanges are conducting highway robbery.
https://www.bitstamp.net/fee_schedule/
Not sure if bitstamp is something for you, if I got it right they don't charge you to withdraw. But I think you need to transfer a minimum of 5$.
There are a few to choose from to be honest - the first one I started with was Bittrex. It has loads of coins to choose from and is fairly easy to navigate and use. Binance is one I have used as well that is quite good. They use googles 2FA system where you can have a code generate on your mobile/cell phone and this adds an extra security layer for you.
Stay away from bitgrail atm - withdrawals on hold I believe.
Hope this helps mate and good luck
Neither of those exchanges are good for people who are *extremely* new to crypto -- you can't buy bitcoin on them, which is what the OP is asking i think.Stay away from bitgrail atm - withdrawals on hold I believe.
Hope this helps mate and good luck
Hello, new to crypto and bitcointalk so apologies if this has been asked before.
What exchange would you recommend for someone new and why please ?
I live in europe.
What exchange would you recommend for someone new and why please ?
I live in europe.
If you're an absolute newbie, and haven't bought crypto ever before, i'd advise you to use an exchange like Coinbase, fees are pretty high but the process is pretty straightforward.
If you're a bit more experienced and don't want to pay a heck amount of fees, use something along the lines of Bitstamp
As you mention you are from Europe I support the suggestion of Bitstamp. They are quite long in the business already learned there lessons of being attacked.
Only downside the don't offer many trading pairs.
What plans do they have about prostitution? it is related to healthcare, I've been an active member of this community for years, it seems like I'm the only one interested in prostitution. unlike docamedic, prostitution is a global problem. how could I profit from docamedic if they are not available in my country?
Their CEO wants to jump healthy prostitutes with $250M without sharing anything with me. any bounties and translations I could beg for?
(note, a man has got to eat right?).
Their CEO wants to jump healthy prostitutes with $250M without sharing anything with me. any bounties and translations I could beg for?
(note, a man has got to eat right?).
I too would like to know their plans with prostitutes after they get all that money. Will they be getting one on a daily basis, will they be the same ones, or will it be a new one every night.
Oh that sound like a good idea, it would be the most stable return. Doesn't matter if the stock market crash, doesn't matter if bitcoin crashes to zero, I still my have my docademic coins which provide me with regual and interesting return lol
read op
Their Ico i not started bro
they are a legal company , and offered free healthcare since two years .
Av. México 516, Sn. Jeronimo Aculco, CDMX, +52 55 6823 0210
Their Ico i not started bro
they are a legal company , and offered free healthcare since two years .
Av. México 516, Sn. Jeronimo Aculco, CDMX, +52 55 6823 0210
Guys be careful just a address means nothing. Most companies can be found here:
https://directorioempresarialmexico.com/?entidad=0&buscar=DOCADEMIC
However no information about Docademic. As well if you check Google street view from June 2017, it doesn't look like there is any well established business
Only 7 reviews on Apple Store and they look like this:
"Definitively the future of medicine! Amazing service! Excelente servicio! esto si es el
Futuro de la medicina. Hable con el Dr. Christian y me atendió de maravilla. No puedo creer que es gratis el servicio! Gracias!"
Also if you don't understand Spanish, the first sentence tells already everything.
On the Google store there are 500 ratings but NO written review. And unfortunately the app doesn't work on my device.
I would love to review it
Since I have no deep understanding of the possibilities of storing crypto-currencies I have some questions which I posted already in some other thread. However didn't get any answers so far.
Actually everyone recommends to use hardware wallets, however I have some questions regarding that topic:
1. Where do most people store there less known Altcoins? Since many of the Altcoins are not supported so far by the hardware wallets.
2. How can I be sure that a newly purchased hardware wallet was not corrupted from the manufacturer or a middle man who is selling the wallet?
3. If I use a software wallet, how can I be sure the file is safe to use? Is there a kind of checksum or any other good method for securing the file is safe to use?
4. If I use multiple software wallets on one laptop which I setup for wallets only and one wallet would be corrupted, isn't there a big chance to loose everything?
Thanks for your help!
original post: Bitcoin / Bitcoin Discussion / Re: Tips on how to have the most secure and safe wallet
Actually everyone recommends to use hardware wallets, however I have some questions regarding that topic:
1. Where do most people store there less known Altcoins? Since many of the Altcoins are not supported so far by the hardware wallets.
2. How can I be sure that a newly purchased hardware wallet was not corrupted from the manufacturer or a middle man who is selling the wallet?
3. If I use a software wallet, how can I be sure the file is safe to use? Is there a kind of checksum or any other good method for securing the file is safe to use?
4. If I use multiple software wallets on one laptop which I setup for wallets only and one wallet would be corrupted, isn't there a big chance to loose everything?
Thanks for your help!
original post: Bitcoin / Bitcoin Discussion / Re: Tips on how to have the most secure and safe wallet
1. Probably on the exchange that they bought them on ^_^, otherwise i'd look for wallets the dev himself gave out, or use something like Exodus, https://www.exodus.io/
2. Not sure with the trezor, but the Nano simply factory resets after trying the wrong pin a couple times.
https://support.ledgerwallet.com/hc/en-us/articles/115005161645-How-to-erase-my-wallet-or-reset-my-Nano-S-
3. You can check / validate the hashes, yes.
4. I'm not too sure.
Thank you for your input. I just researched further on that topic to find out that trezor is fully open source but Nano Ledger NOT!
So if I understand it right people who are using the Ledger Nano fully trust the company and their code. I just wonder if some programmer could let a backdoor open for later use?
Also if I check a multi desktop wallet like Exodus, I found out that there code is not fully open source.
I am not sure what to think about that situation, to me it seems that my linux system is more secure than many wallets out there?
Going to reseach further on that topic, since a safe wallet should priority if someone keeps a bigger amount of coins.
Since I have no deep understanding of the possibilities of storing crypto-currencies I have some questions which I posted already in some other thread. However didn't get any answers so far.
Actually everyone recommends to use hardware wallets, however I have some questions regarding that topic:
1. Where do most people store there less known Altcoins? Since many of the Altcoins are not supported so far by the hardware wallets.
2. How can I be sure that a newly purchased hardware wallet was not corrupted from the manufacturer or a middle man who is selling the wallet?
3. If I use a software wallet, how can I be sure the file is safe to use? Is there a kind of checksum or any other good method for securing the file is safe to use?
4. If I use multiple software wallets on one laptop which I setup for wallets only and one wallet would be corrupted, isn't there a big chance to loose everything?
Thanks for your help!
original post: Bitcoin / Bitcoin Discussion / Re: Tips on how to have the most secure and safe wallet
Actually everyone recommends to use hardware wallets, however I have some questions regarding that topic:
1. Where do most people store there less known Altcoins? Since many of the Altcoins are not supported so far by the hardware wallets.
2. How can I be sure that a newly purchased hardware wallet was not corrupted from the manufacturer or a middle man who is selling the wallet?
3. If I use a software wallet, how can I be sure the file is safe to use? Is there a kind of checksum or any other good method for securing the file is safe to use?
4. If I use multiple software wallets on one laptop which I setup for wallets only and one wallet would be corrupted, isn't there a big chance to loose everything?
Thanks for your help!
original post: Bitcoin / Bitcoin Discussion / Re: Tips on how to have the most secure and safe wallet
I do think there might be a time where cryptocurrencies will take over. However keep in mind that people only willing to change from dollars to a digital currency if the will lose their faith into the USD or any other fiat currency. Also Bitcoin is far away from a currency which can be used for daily costs, so a lot of improvements are needed. I doubt that Bitcoin will be the currency for the daily use.
And I actually think that goverments will force people to use the currency they want. Probably they will make there own digital currency which gives them the maximum control over the population.
Of course many people will find a way to use some 'illegal' private cryptocurrencies. However since 99% of the population won't accept them you will still need to use the official supported currency of the goverment.
And I actually think that goverments will force people to use the currency they want. Probably they will make there own digital currency which gives them the maximum control over the population.
Of course many people will find a way to use some 'illegal' private cryptocurrencies. However since 99% of the population won't accept them you will still need to use the official supported currency of the goverment.
Another member of the forum has suggested that there are certain things I need to avoid when subscribing to YouTube channels about cryptocurrencies. It appears that there are channels of ill-intended people in YouTube who try to get advantage of viewers looking to learn more about this topic.
Are there any safe sources of information or channels in YouTube that you could recommend?
Are there any safe sources of information or channels in YouTube that you could recommend?
On youtubers, basically, don't follow those that tell you to invest in certain sites and or investment schemes.
Here are some good ones in my opinion(in no particular order):
- Andreas Antonopoulos(aantonop): https://www.youtube.com/user/aantonop
- Crypt0: https://www.youtube.com/user/obham001
- Doug Polk Crypto: https://www.youtube.com/channel/UC4sS8q8E5ayyghbhiPon4uw
- Boxmining: https://www.youtube.com/channel/UCxODjeUwZHk3p-7TU-IsDOA
- Ivan on Tech: https://www.youtube.com/user/LiljeqvistIvan
thanks for sharing the links. I already knew 3 of them however good to know two more useful channels.
hard to find between all that rubbish out there...