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Showing 20 of 86 results by hitlab
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Topic
Board Bitcoin Discussion
Re: Bitcoin is it the Future of Banking ?
by
hitlab
on 26/10/2017, 01:25:46 UTC
IMO Bitcoin is not going to completely replace banking but rather be a option for people to use in the future. eg, at checkouts you will have the option to use bitcoin along with cash, credit card, debit card etc.
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Board Beginners & Help
Re: Did satoshi Nakamoto used Bitcointalk forum?
by
hitlab
on 25/10/2017, 01:41:42 UTC
Yes satoshi founded this forum and used it before he went inactive in the community
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Board Bitcoin Discussion
Re: Bitcoin transaction is still pending.
by
hitlab
on 24/10/2017, 00:25:00 UTC
The fee is slightly on the low side and there are currently quite a lot of unconfirmed transactions in the mempool right now. Just wait, the transaction will go through eventually.
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Board Bitcoin Discussion
Re: Why and Who ALLOW the Bitcoin Hardfork?
by
hitlab
on 23/10/2017, 01:37:00 UTC
Bitcoin is permission-less, so by it's design anyone can copy and hardfork it. Anyone can make a "bitcoin dog" or whatever anytime. The question is whether you can rally a community around your hardfork so the coin actually has value, this is much harder to do. I imagine in the future crappy hardforks will be harder and harder to pull off as people start to see they have no real value. Right now there is a tendency for people to see it has free money which gives the new coin some value.
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Board Speculation
Re: What will happen on nov 25?
by
hitlab
on 22/10/2017, 01:26:39 UTC
People are only buying now so they can get the forked coins. After the fork the price will go down by quite a bit, then it will be a good time to buy
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin even still usable for low-income and unbanked people?
by
hitlab
on 21/10/2017, 01:15:23 UTC
There has always been a idealistic thought that bitcoin will be useful to unbanked people. I don't think that is possible yet due to fees and usability. In the future with lightning network and better wallets, maybe. But we still have a long way to go.
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Board Bitcoin Discussion
Re: where do I place 100k?
by
hitlab
on 20/10/2017, 01:50:37 UTC
I would say bitcoin. The important thing is to buy small amounts at a time spread over a period of time. eg around $1000 a day. Bitcoin is at all time highs, personally I would average in to reduce risk.
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Topic
Board Bitcoin Discussion
Re: Russia is turning the nuclear power plant into mining field.
by
hitlab
on 19/10/2017, 01:32:05 UTC
Russia seems to be really upping their game in the crypto field. Very good for bitcoin decentralization.
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Board Bitcoin Discussion
Re: Is Putin going to run his own ICO?
by
hitlab
on 18/10/2017, 01:35:23 UTC
Makes sense that governments will try to replicate crypto currencies in the fiat system. I imagine all currencies being digitized in the future with bitcoin being one of the options that people can choose to use.
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Board Bitcoin Discussion
Re: Will a fork of Bitcoin ever take over?
by
hitlab
on 17/10/2017, 01:17:30 UTC
It is possible a future of fork will take over bitcoin but these upcoming forks will not.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Gold and Segwit2x upcoming forks
by
hitlab
on 16/10/2017, 01:15:39 UTC
Some people love the free money, but it seems really bad for Bitcoin long-term.

It should not affect bitcoin long term at all. It will just cause short term price swings because the market must price the new coins.
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Board Bitcoin Discussion
Re: Reduce transaction fees for bitcoin payments
by
hitlab
on 15/10/2017, 00:42:07 UTC
You need to use a wallet that lets you manually set the transaction fee. If your transaction is not urgent you can set a very low fee and it will still confirm after a while.
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Board Bitcoin Discussion
Re: Bitcoin Silver
by
hitlab
on 14/10/2017, 00:26:54 UTC
These forks will have to stop at some point when everyone realizes they are worthless. Until then use it as a free dividend to accumulate more bitcoin
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Topic
Board Bitcoin Discussion
Re: How I lost 95 Bitcoin
by
hitlab
on 11/10/2017, 00:59:22 UTC
So sorry for your loss. Thanks for sharing your story
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Topic
Board Bitcoin Discussion
Re: Can cryptocurrency make real money disappear?
by
hitlab
on 09/10/2017, 03:46:48 UTC
There is no chance that government backed money will disappear. They simply have too much institutional support that bitcoin cannot match.

The end game for bitcoin is to be a competitor to traditional money and offer a choice for people to use a decentralized censorship resistant money.
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Topic
Board Speculation
Re: How MUCH will the FINAL BTC be WORTH?
by
hitlab
on 08/10/2017, 01:26:54 UTC
Bitcoin won't go up forever. By it's own definition that it is a currency, the end game is for bitcoin to have a stable price once adoption reaches equilibrium. It could be a very high price but not a forever rising price. No point predicting what it will be, pretty much impossible to predict.
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Board Bitcoin Discussion
Re: Bitcoin fork worries.
by
hitlab
on 05/10/2017, 01:29:27 UTC
Don't worry about the fork. You will get some free coins to increase your bitcoin holdings.
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Board Off-topic
Re: Bitcoin is not gambling
by
hitlab
on 04/10/2017, 03:08:10 UTC
People say bitcoin is gambling because it is a speculative asset. Be honest with yourself, most new people here got into bitcoin to make a quick buck, they don't believe in the technology, they are not here for a long term and will be selling if bitcoin drops more than 50%. Bitcoin is gambling if you are speculating on short term profits
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Topic
Board Bitcoin Discussion
Re: DId anyone get investigated when they cashed out a lot of bitcoin?
by
hitlab
on 04/10/2017, 03:04:05 UTC
If you have a record of where the money comes from you will be fine. Make sure you understand the tax implications of cashing out bitcoin, best talk to an accountant beforehand.
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Topic
Board Altcoin Discussion
Re: Bitcoin Fork
by
hitlab
on 03/10/2017, 01:51:37 UTC
Any information to verify this statement.   

" Those holding BTC during the fork (from Oct 25th to Nov 1st) will be eligible for free BitcoinGold."

Thanks 

Yes this is true. A fork by definition means you will get the same balance of bitcoin gold in your existing bitcoin addresses.