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Showing 20 of 23 results by kaijialex
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Topic
Board Altcoin Discussion
Re: How to keep altcoins/crypto alive
by
kaijialex
on 12/06/2017, 02:04:52 UTC
I see Bitcoin as Digital gold, it preserve wealth in time of uncertainty, so I think Bitcoin will always be the leader. ETH had a huge run on a very short period of time, no one knows how long it will last, but I doubt it will be bigger than Bitcoin.
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Board Bitcoin Discussion
Re: Russian's own Bitcoin - What will be the impact to the original Bitcoin?
by
kaijialex
on 12/06/2017, 02:02:02 UTC
I don't think it will have any impact on Bitcoin. The power of Bitcoin comes from the fact that no single entity controls it, so I don't see what's the point of issuing a cryptocurrency that's controller by a bank, it will be just any other altcoin, even worse it's a centralized altcoin.
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Board Bitcoin Discussion
Re: If you had to pick one, would it be the Legacy chain or BIP 148?
by
kaijialex
on 12/06/2017, 01:59:44 UTC
I wouldn't touch my Bitcoin no matter who wins at the end, very risky to end up with the wrong chain.
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Topic
Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
kaijialex
on 12/06/2017, 01:53:16 UTC
Bitcoin users face issues with the government in countries with high inflation but not to the extent of fully banning it. I think the support or nonsupport part comes from issuing or not issuing licences for websites that trades cryptocurrencies.
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Board Bitcoin Discussion
Re: Bitcoin as a source of income?
by
kaijialex
on 12/06/2017, 01:50:49 UTC
If you know someone who quit his job to focus on Bitcoin or other cryptocurrencies, then there is a high chance that this person is an early adopter who has enough coins to live for the rest of his/her life.
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Board Service Discussion (Altcoins)
Re: Altcoin pump groups
by
kaijialex
on 11/06/2017, 04:35:51 UTC
Why would those groups admit anyone that is searching for them on a public forum. So if you are not a whale like them, don't expect to be accepted in their circles, let alone the ethical side of the pump and dump schemes, which I think are also illegal to participate in.
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Topic
Board Altcoin Discussion
Re: Litecoin is officially dead
by
kaijialex
on 11/02/2017, 20:45:35 UTC
No Cryptocurrency is dead until no one is using it.
Post
Topic
Board Economics
Re: Bitcoin or gold?
by
kaijialex
on 11/02/2017, 20:35:57 UTC
for 3 or 4 or even 5 years, I can invest in Bitcoin with peace of mind that it will over perform Gold, but 10 years is a very long period that no one knows what technologies will be available at that time that may shake things up.
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Board Economics
Re: Japan now #1 in volume
by
kaijialex
on 11/02/2017, 20:29:43 UTC
Good to know that the Chinese exchanges don't have a monopoly on Bitcoin trading.
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Topic
Board Bitcoin Discussion
Re: Bitcoin's TOYS, do you like it???
by
kaijialex
on 04/02/2017, 13:43:54 UTC
Great idea for Bitcoin publicity. How about a Bitcoin game like Monopoly that instead of making the game around real world economy, this game will be about the virtual economy of the web and players will use Bitcoin to process their transactions.
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Topic
Board Off-topic
Re: Who controls the Bitcoins?
by
kaijialex
on 26/01/2017, 16:46:43 UTC
There are different levels of controls when it comes to Bitcoin, There are Bitcoin miners, Bitcoin nodes, and Bitcoin owners with private keys.
Bitcoin miners control which transactions they can accept and which they cannot, this doesn't mean they can do whatever they want, because they themselves are limited on applying things that they agree on all of them.
Bitcoin nodes are where the Bitcoin blockchain is stored, that is all of the transactions in Bitcoin history.

And finally Bitcoin owners with addresses and their corresponding private keys, these are the owners of the bitcoins located in these addresses, unlike all the previous levels of controls, where all the participants in controlling that level have to agree on something for it to be applied, this is not the case for Bitcoin owners, where they themselves on their own can move their bitcoin wherever they want by themselves.
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Board Bitcoin Discussion
Re: Will Bitcoin overcome Paypal?
by
kaijialex
on 26/01/2017, 16:36:53 UTC
As someone in the comments have mentioned, Bitcoin is not competing with Paypal, but rather it's competing with fiat money. Although that statement isn't strictly correct, I think there is some truth to it, since Bitcoin can act both as a money and a money transfer service. If you see Bitcoin as money, which it is, then we need to develop a service like Paypal that can handle a huge number of transactions per seconds. In my opinion when the Bitcoin community can achieve to do so, that service will one of the Bitcoin killer apps.

One may also suggest that Bitcoin doesn't even compete with fiat, because fiat are currencies, whereas Bitcoin is money, so Bitcoin is actually competing with gold.
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Topic
Board Bitcoin Discussion
Re: [China's fakeness] Before and after
by
kaijialex
on 26/01/2017, 15:27:29 UTC
Even with the raised fee, people are still trading at OkCoin and BTCC with huge volume compared to other exchanges.

I don't find huobi in your second pie chart, is there any reason for that?
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Board Trading Discussion
Re: You only lose if...
by
kaijialex
on 26/01/2017, 00:26:45 UTC
You only lose if you buy high and sell low.
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Topic
Board Altcoin Discussion
Re: Do you think "iamnotback" really has the" Bitcoin killer"?
by
kaijialex
on 25/01/2017, 18:49:33 UTC
Quote
Proof-of-work coins such as Bitcoin, Monero, and Zcash will lose all their security in the coming crisis, because miners won't be able to exchange BTC for fiat to pay their electricity.

Are you serious? No electricity because miners won't have access to cash!!
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Board Altcoin Discussion
Re: >>>What do you think of bitcoin<<
by
kaijialex
on 25/01/2017, 18:14:00 UTC
I work as a programmer and Bitcoin makes the payment for my services easy.
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Topic
Board MultiBit
Re: Help... why is my bitcoin transaction from blockchain taking over 24 hours?
by
kaijialex
on 25/01/2017, 16:35:33 UTC
As others have mentioned, you need to increase the transaction fees to an amount that you would be sure that the miners will include your transaction in the next block to be mined.

How much fee you should pay changes every block, and an easy way to make sure that the fee is enough is to use a wallet that calculate this fee for you, I used Electrum in the past, and it did a great job at calculating the fees which made all of my transactions appear just in the next block.

Hope this helps.
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Board Bitcoin Discussion
Re: What type of wallet do you use?
by
kaijialex
on 23/01/2017, 20:34:00 UTC
I use multiple wallets, each one has its functionality, upsides and downsides. for now I use a web wallet for small amount of Bitcoin, and a full node wallet to store Bitcoins that I hold as a long-term investment.
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Topic
Board Service Announcements (Altcoins)
Re: Crypto Arbitrage between 33 exchanges, 180+ coins supported
by
kaijialex
on 29/12/2016, 12:17:51 UTC
Sorry for the delay, I've made a quick update.
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Topic
Board Service Announcements (Altcoins)
Re: Crypto Arbitrage between 15 exchanges, 180 coins supported
by
kaijialex
on 24/03/2015, 13:58:31 UTC
Update 2:

New exchange added: http://melotic.com , So in total, This bot supports 16 exchanges.