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Showing 20 of 746 results by nethead
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Topic
Board Speculation
Re: Will we ever see bitcoin lower than 1000$?
by
nethead
on 13/06/2017, 04:58:24 UTC
I do not think so. Too many people have spent their money to buy Bitcoin and there is no way for Bitcoin price to decrease lower than $1000. I can ensure that it can never return to the same old day anymore
Post
Topic
Board Economics
Re: If you were in desperate need for money....
by
nethead
on 13/06/2017, 04:57:38 UTC
I would work hard, try to find more jobs, maybe sell some things which I can live without, make safer/more likely to win straight sports bets instead of parlays, which I usually don't do as they don't offer good odds but they are far more likely to win. And last but not the least, ask for help from my friends and family. Depends on the situation though, like how desperate it is.
Post
Topic
Board Economics
Re: What power does Traders have on the Bitcoin price ?
by
nethead
on 13/06/2017, 04:56:47 UTC
For now traders are the determinants of bitcoin pricing and the forces of demand and supply are the tools in their hand. The market capitalization of bitcoin which stood at over $41b today are sign that bitcoin is not control by individuals, governments and nations.
Post
Topic
Board Economics
Re: Mining coins save or sell it?
by
nethead
on 13/06/2017, 04:54:30 UTC
Let's say I am spending 250 USD to mine a coin of worth 330 USD, selling it immediately doesn't give me a big profit. If I am selling the same coin for 500 USD then thats a good strategy.
(amount spent on mining per coin in FIAT) : (Value of the coin)
when you get a good ratio convert the coin to FIAT.
Post
Topic
Board Economics
Re: Bitcoin or gold?
by
nethead
on 13/06/2017, 04:53:43 UTC
obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.
Post
Topic
Board Economics
Re: Best way for steady income
by
nethead
on 13/06/2017, 04:51:30 UTC
Oh yes, already working and investing into hodling (of course! Cool) & some trading.
Btw. also noted solarcoin, nice idea they have.

Because of work and other tasks there is not too much spare time, so now looking for the best investment to earn passively btc, and after some time to make profit with it for long time. So ROI could be years as long as the investment is secure and long lasting (even rest of the btc's life).

This also to divide the stash into different areas.

Keeping money and loaning on exchanges does not feel too comfortable, especially with such a low profits :\
Some good active daytrader I could give some to play with, but don't know any.

Thx for these points... Any other ideas perhaps?
Post
Topic
Board Off-topic
Re: Young people should go all in on bitcoin
by
nethead
on 13/06/2017, 04:50:23 UTC
All in?  HELL NO, nobody should go all in, regardless of age.  Taking higher risks when younger--that's all well and good.  But going all-in on anything crypto is a recipe for bankruptcy.  I wouldn't even allocate 20% to crypto.  You'd have to be crazy to go even half-in, and I say that as a person who likes bitcoin.  A lot.  It's just way too risky.
Post
Topic
Board Economics
Re: Can Bitcoin also lead to corruption ?
by
nethead
on 13/06/2017, 04:46:23 UTC
i wonder why bitcoin always be linked with things that are not good such as corruption, money laundering or drugs but in this case in my point of view bitcoin cannot lead people to corruption because it all pure from the bottom of their heart to starting corruption but indeed bitcoin could be the tool to storing corruption money
Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
nethead
on 13/06/2017, 04:43:08 UTC
There have been endless discussions on this, the only thing it coms to is the fact, that are you in it for the technology or do you have money invested. If you are a person using it for sending money to another place, and only buy it at the point of the use, then it doesn't matter. But if you happen to store it for long term, then obviously it matters as you will essentially be losing money on it.
Post
Topic
Board Economics
Re: crypto is the future, make money of it
by
nethead
on 13/06/2017, 04:42:11 UTC
I think cryptocurrencies is dependent on the user, security, and processing speed every transactions! Example: Bitcoin, more and more people use it, the price will increase, but at that time the security requirements must be improved, as well as speed of processing each transaction or occurrence hardfolk ...
Post
Topic
Board Speculation
Re: Bitcoin heading to $4,000
by
nethead
on 13/06/2017, 04:39:22 UTC
I totally agree with you. Bitcoin is showing an increase in price each and everyday and i believe it will pass the 4000$ mark by the end of month of November. It will be around 4500$ by end of this year.
Post
Topic
Board Economics
Re: Bitcoin price
by
nethead
on 13/06/2017, 04:38:16 UTC
It means even with all difficulties Bitcoin is having it's still a very powerful currency that no one could stopped yet. Bitcoin is becoming more powerful each new day, however it's a bit strange how a currency with so many unconfirmed transactions and high fees is increasing its price constantly, I believe the normal would be the opposite...
Post
Topic
Board Economics
Re: Future of the BTC
by
nethead
on 13/06/2017, 04:37:13 UTC
Yeah the old technology of bitcoins is a problem but im pretty sure that even though they use and old generation of technology in creatingbitcoins it doesnt mean that they can adopt into technical changes and upgrades from this generations
Post
Topic
Board Economics
Re: BITCOIN HALVING?
by
nethead
on 13/06/2017, 04:36:18 UTC
The next halving is expected to take place by the year 2020, during which the price increase is an assured as the ongoing demand for bitcoin will generate the decreased supply an increase in value. So for the Op I would like to suggest him buy when the price seems low, during halving the price will be increasing same as the recent price wave.
Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
nethead
on 13/06/2017, 04:35:00 UTC
They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
   
Post
Topic
Board Bitcoin Discussion
Re: What is the best source of bitcoin nowadays?
by
nethead
on 13/06/2017, 04:33:39 UTC
Bitcoin as a digital form of currency has got more acceptance common man. People started using it as an earning source as well a good investment rather than using it as a currency. Now the profit making is getting shrunk. Right now only way to get some good earning is with trading and gambling which has the highest risk involved.
   
Post
Topic
Board Bitcoin Discussion
Re: How do you keep your bitcoins?
by
nethead
on 13/06/2017, 04:32:22 UTC
keeping bitcoin at paper wallet is best place, but for me building rig mining is more interesting, i can get money everyday and ofcourse i can sell my hardware as gamer rig too, if not profitable anymore...
Post
Topic
Board Bitcoin Discussion
Re: Are you using low fees?
by
nethead
on 13/06/2017, 04:29:36 UTC
Am currently using exchanges as my wallet. It pretty much does the job for me. The fee as far as know isn't that a big deal. People adviced me against using exchange, I have no choice unfortunately.
Post
Topic
Board Bitcoin Discussion
Re: Saving bitcoins
by
nethead
on 13/06/2017, 04:28:19 UTC
It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful
Post
Topic
Board Bitcoin Discussion
Re: How do you convince people into you using Bitcoin?
by
nethead
on 13/06/2017, 04:25:01 UTC
I would not try to convince anyone to use bitcoin or the opposite. What I would do would be to explain what bitcoin is, how it works, its applications in the real world to this day and future expectations. If they are interested then I would explain more in detail, how to get a wallet, how to send and receive funds, etc. Once they had their wallet, I would lend them some funds to try for themselves. I would never recommend going to the faucets because they would get bored. Anyway I think over time you will not have to go tell anyone about bitcoin but it will be the other way around. As it becomes more popular and known, people will come and ask us about "that thing you do with the PC".