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Showing 20 of 106 results by racistyui
First of all it is the whitepaper. If the whitepaper is well written and the project is a strong one than for sure I would invest in that ICO
I read many whitepaper and some of them have a good point of future but how can we evaluate the possibility of project realization. Blockchain is new and many painting projects are so beautiful but far from realistic.
For an ICO to be reliable, you need to consider the following factors:
- ICO establishment team: you need to look up google information, search member name in linked, or google "fake" + ICO project name
- Topic about this ICO on Bitcointalk.org: find and read the content of high profile members on the bitcointalk debate about the project.
- Code quality - Githhub: Find the project's update count, start date and last update to evaluate the regular working level of the dev.
- ICO establishment team: you need to look up google information, search member name in linked, or google "fake" + ICO project name
- Topic about this ICO on Bitcointalk.org: find and read the content of high profile members on the bitcointalk debate about the project.
- Code quality - Githhub: Find the project's update count, start date and last update to evaluate the regular working level of the dev.
Free Signal for people losing hope: Bitcoin is about to go upto $14,000.
If you are selling, dont sell. Hodl is the key here. Reap the benefit of waiting. For those waiting, invest now, buy buy and buy.
Dont listen to any negative comment below.
I will not discuss my finances on a public forum. Lets just say that Im currently working with the Lambo dealership in my state to secure financing for a new Huracan. If you are selling, dont sell. Hodl is the key here. Reap the benefit of waiting. For those waiting, invest now, buy buy and buy.
Dont listen to any negative comment below.
I called them Friday and they havent taken me seriously yet. I am going to walk into their office Monday morning with my trezor and well see who is laughing then! LOL! (It will be me)The journey of bitcoin from 2009 to 2017 is very interesting. Although the stories of individuals(investors) are very interesting and motivational that how they initiated and what problems they faced at earlier stages.
In 2017 the number of businesses accepting bitcoin continues to increase. Where you see the bitcoin in 2018?
This repetitious nonsense is getting old. Buy the dip.. Hold.In 2017 the number of businesses accepting bitcoin continues to increase. Where you see the bitcoin in 2018?
It's nonsense. There's absolutely no reason to assume that the value will significantly appreciate from here. In fact, the ATH in December that sucked everyone in to lose their money almost certainly insures that it'll never get there again. People are wary of it now and rightfully so.
If you want to gamble that's up to you. But maybe you shouldn't be encouraging other people to throw their money away to improve your own chances of making a profit.
bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that
Buy hodl repeat. Its that easy Doesnt make sense discussing the price, it has been down since January, so expect the price to continue to go down and buy on the way to the bottom but don't invest more than you are willing to lose. Its that easy. Dont get caught up in all the hype about the price because if you are in it for the money then the lower the price the better.Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
I guess that is where faith in a better world comes in. I have no desire to see another man do that to himself. I just want a better world for us. Where we can all prosper. I want humanity to win for once .That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
A better world is one where people put in the sweat and hours to make it better.
BTC is not a utopia. It will make a few rich and it will be built on the misery of many, many others.
We know that bitcoin is strong and all the wallets have milletry grade security but one of my stupid friend today said that maybe someone can hack it with just a calculater because with math and correct formulas we can even predict gambling bets if that is possible then maybe there is any chance of this
Ever since I started investing in bitcoin in January and watching the price all the time, life seems to have slowed down. Its weird. Its a little like living in bullet time from the Matrix.Well, looking at bitfinex i can see the price has moved from that... So I believe your wish was granted
I have been reading the posts on this forum and so many people are saying they lost a lot of money and bitcoin is no good. Many people are saying that bitcoin and other cryptos have been a bad investment.
But if we look at the facts and the performance and compare to other investments that some people make we can see that this is not the case.
People are making the mistake of focussing on price changes on a day to day basis but investment is not about day to day price movements. It is about patience and reward.
If we look at the changes in one year we can see that bitcoin has performed many times better than all other investments. For one year bitcoin has gone up a massive amount. It was $900 this time last year! Now it is $7000. That has given bitcoin investors an incredible 700% return in just one year. The stockmarket average return for the same one year has given only 2% return. Fiat money has fallen. The dollar has gone down by 15%. Savings accounts have given a return of about 1%.
When you look at the returns and losses of all these investments, the best was stockmarkets that gave average 2%. So bitcoin has given 700% yet people are complaining that it has been a bad investment, even though it is 350 times better than the next best investment. What other investment has given you 700% profit in one year?
Remember, don't be fooled by day to day price changes. Look at the one year and the longer term facts. When you look at these you can see that if you invested in bitcoin you have made many more profits than everything else put together hundreds of times over.
If fiat is worthless, why are you so desperate when BTC depreciates against it?But if we look at the facts and the performance and compare to other investments that some people make we can see that this is not the case.
People are making the mistake of focussing on price changes on a day to day basis but investment is not about day to day price movements. It is about patience and reward.
If we look at the changes in one year we can see that bitcoin has performed many times better than all other investments. For one year bitcoin has gone up a massive amount. It was $900 this time last year! Now it is $7000. That has given bitcoin investors an incredible 700% return in just one year. The stockmarket average return for the same one year has given only 2% return. Fiat money has fallen. The dollar has gone down by 15%. Savings accounts have given a return of about 1%.
When you look at the returns and losses of all these investments, the best was stockmarkets that gave average 2%. So bitcoin has given 700% yet people are complaining that it has been a bad investment, even though it is 350 times better than the next best investment. What other investment has given you 700% profit in one year?
Remember, don't be fooled by day to day price changes. Look at the one year and the longer term facts. When you look at these you can see that if you invested in bitcoin you have made many more profits than everything else put together hundreds of times over.
You are not only a moron but a hypocrite as well.
1 btc is always 1 btc. The fluctuation of USD does not bother me. I do think that we need to encourage investments into bitcoin because its the responsible, fair thing to do. Once people are red pilled that their fiat is worthless they will want to join us in a truly valuable currency like bitcoin. The higher the price in USD, the more people are joining us and converting a useless asset into a useful one.
I see a lot of optimism about bitcoin, which is understandable seeing the price recently.
But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
Whatever man, when I zoom by you in my Apple green Lambo youll wish you had bought more BTC when it was so cheap. What color do you think I should get? I think one of each, and I might even buy a Ferrari (resale red, of course!!!) just for the giggles. I hear Teslas drive themselves so I might buy one of those too since Ill need to be checking my crypto investments while I drive to the country club LOL! By the way, Teslas are BUILT on blockchain tech. Elon himself owns bitcoin and is a secret supporter of the bitcoin project. TESLA be the first 100 million bitcoin company by 2020. I predict he will base all of his financials on btc since he realizes that usd is inflationary and doesnt want his company to be a bagholder for the morons still trusting fiat.But I have to admit I'm a little worried about the long term future of btc.
The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make.
-The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable.
-And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
Anyway, have fun driving your moms minivan!
Hello my dear Bitcoin brothers.
I would like to ask you about your experience with day/swing trading vs. long term investing and also,
what was more profitable for you and what are pros and cons for both ways of trading?
This question interests me since market is very volatile and it can get quite easy to exploit daily range for a quick small profit.
Thank you fellas.
I have participated in MANY audits at my work. I work directly with the country auditor several times a month. The beauty of blockchain technology is that its literally impossible to lie about your accounts because every single transaction and balance is held on the chain. Its immutable so you cant fudge the books. What arent you understanding?I would like to ask you about your experience with day/swing trading vs. long term investing and also,
what was more profitable for you and what are pros and cons for both ways of trading?
This question interests me since market is very volatile and it can get quite easy to exploit daily range for a quick small profit.
Thank you fellas.
As an aside, I have been trying to red pill the accounting department to switch to an internal blockchain system. No luck yet, but I will wear them down eventually.
I missed the dip the other day and am wondering if I should hold out for another dip or if the current prices are still decent. Mainly looking at litecoin and etherum. I also need coins regardless so I can exchange for other altcoins.
1; Use cases do not require blockchains. A good question to ask when evaluating ICO is: "does this project require a blockchain or a native token?" If the answer is not required, then the project may be an example of solving (i.e. think that all problems have a technical solution, here means encryption for encryption monetary currency), or is a fraud.
2; The repository for open source projects is empty. If an ICO project comes up with open source, the GitHub repository is empty or not at all, which is often a red flag.
3; The project team is unknown or inexperienced. Platforms such as Twitter and LinkedIn are very useful when looking at a team and its qualifications. It is worth noting, however, that they are not infallible, since personal data can be falsified. If a team member claims to be in contact with a university or company, we can review this information through trusted third-party sources, such as university newspapers or corporate websites.
The ICO project often lists its own consultants on the site, and we should verify the identity of these consultants.
4. Website/white paper information is not sufficient. If a project looks like a scam, it might be. When you can't determine if a project is a hoax, you'd better be careful. Although an encrypted currency project lack of well-designed site and detailed information may be because the project is still in its early stage, but we may be difficult to determine because inadequate project development, or because it is a scam.
5; There is no clear roadmap. Under normal circumstances, the ICO project lists its financing and development goals on a clear timeline for investors to view. The lack of a clear roadmap for development may indicate that the development team has no long-term plan for the project, so their motivation may simply be to pursue short-term financial gains. If the project also reserves a large amount of scrip for the development team, it is likely to be fraudulent.
Or, maybe people that have gotten involved with the project are passionate about it.2; The repository for open source projects is empty. If an ICO project comes up with open source, the GitHub repository is empty or not at all, which is often a red flag.
3; The project team is unknown or inexperienced. Platforms such as Twitter and LinkedIn are very useful when looking at a team and its qualifications. It is worth noting, however, that they are not infallible, since personal data can be falsified. If a team member claims to be in contact with a university or company, we can review this information through trusted third-party sources, such as university newspapers or corporate websites.
The ICO project often lists its own consultants on the site, and we should verify the identity of these consultants.
4. Website/white paper information is not sufficient. If a project looks like a scam, it might be. When you can't determine if a project is a hoax, you'd better be careful. Although an encrypted currency project lack of well-designed site and detailed information may be because the project is still in its early stage, but we may be difficult to determine because inadequate project development, or because it is a scam.
5; There is no clear roadmap. Under normal circumstances, the ICO project lists its financing and development goals on a clear timeline for investors to view. The lack of a clear roadmap for development may indicate that the development team has no long-term plan for the project, so their motivation may simply be to pursue short-term financial gains. If the project also reserves a large amount of scrip for the development team, it is likely to be fraudulent.
There isnt some company or organized group behind it. Just look at the token distribution on Etherscan. Totally decentralized and community driven. The (open source) mining software came together over the past month with the hard work of a number of people. You can pool mine it now with a decent GPU.
Its the first and only (for now) mineable ERC20
Good news is the eth uis gaining its momentum on his own line
now i can see the chart as it was a prediction from a analyst
he once told me to but eth in low price.....
and im hoping to get some profit from eth
as the preiction says that it will gain 1000$+ in this year
coinbase support erc20now i can see the chart as it was a prediction from a analyst
he once told me to but eth in low price.....
and im hoping to get some profit from eth
as the preiction says that it will gain 1000$+ in this year
Definitely. In crypto I'm sure theres plenty of insider trading among the people who work at exchanges due to it being such a nascent financial sector.
In the case of BCH, coinbase had signaled their intent to add it to their offerings months in advance. Given a long scale roll out this would have been fine, as the markets go up and down over time even when there is news of new coin listings. It was the BCH pump on multiple exchanges hours before the surprise GDAX listing that raised a lot of alarms.
I agree. I think we as a community did the right thing in raising a shit storm about CoinBase's behavior. And CoinBase is responding in the right direction. As flaws as the cryptocurrency space is, on the whole, things are getting better.
Now all the markets are crashing down and I don't know what to do with my altcoins. My briefcase fell 30% in a couple of days. I'm afraid I might lose more. Selling or hodl?
which is dumb. spend your bitcoins. i spend bitcoin whenever i have an opportunity to. my favorite is buying vacations or hotel stays on expedia using bitcoinYeah, I don't get this attitude at all. Are people really THAT terrified of paying for a pizza and missing out on theoretical gains in 10 years? Just.....buy more next time you have fiat to spare, jeez.
I often even pay bills using it - in Australia there's a system almost all billers use called BPAY - and a bunch of different authorised BPAY middlemen that accept payment in BTC. I pay my credit card, phone bulls etc using BTC (or ETH) all the time. I even have a debit card linked to my crypto wallets on an Aussie exchange - right now I could actually live 100% using crypto instead of banks (just need my clients to pay me in in first haha). It can't be that different in other places.
From the looks of things other cryptocurrencies are really rising this year
Look at Ripple it is second on the marketcap
We all knew we were going back past 9k.Look at Ripple it is second on the marketcap
Thats why I was calling everyone who wasnt buying at 7400 morons. Its like free money.
I also was lucky enough to short the last 2 dips.
Cheers everyone.
I love these! It really seems like Bitcoin has real support in the $7500 area. Each day the market memory factors in these prices as the new normal and Bitcoin has always come back from every a major % drop in over 9 years to rise above the previous all time high and set a new all time high the beats most bullish predictions. With Bitcoin this has happened every single time with 100% accuracy, this will be no different. Just be patient
Do you have any good reason to believe that the crypto market is going to grow this year? Do you think we may end up in all red? I do not see the growth and happy investing of last years.
I'm not saying that is or will be the case now, there's really no way to know. If it were up to me I'd have everything start growing again tomorrow lol Markets not dead though, when it will actually rebound is the question. We're still correcting and still going through the process of washing out all the weak hands and FOMO buyers that bought in at ATH's combined with the usual media FUD feeding into it. While I could be wrong, besides random spikes here and there I expect most crypto to either remain the same or keep dropping in the short term before the market will consolidate.
Why are people panic selling right now? Scared of a little regulation? That is bull! G20? All they might do is AML prevention. If you are not laundering money, nothing will happen to you!! And we don't want money launders in our midst anyway! Chillax, it will be OK!
No. It is not like putting it back in the hands of the people....It is like putting it back in the hands of the cavemen/pirates. Look at what is happening at the exchanges. People trying to store value in crypto and losing/ forgetting their access information, not unlike burying it on a desert island and forgetting where out of fear of someone stealing it. Exchanges where deposits and withdrawals take ages to process or phishing schemes steal information from the careless or uneducated. If your dream comes true what will happen to the young or poor who don't possess the means to pay cash for cars or homes? Who will back credit cards and loans?More importantly all these coins are are at best a go-fund-me round for development. Well Bitcoins' fund raising ended years ago...there is no new money flowing into the developer coffers and we know this particular version of block chain needs a lot of work to be functional.
The number of successful ICO's are decreasing dramatically. Just wanna know about successful ICO's in the fourth quarter of 2017 and if anybody still believes in ICO's.
Thats exactly it once this new dual layer lightning technology is widespread (and it will be eventually), the fluctuation, fees, and slow transactions wont be a problem. BTC is here to stay, and I for one want to get in before it starts skyrocketing upward in a few years.It is a long term investment, but the more risk you take in investing early on, the higher the reward.
Its a decentralized universal currency that is (or at least will be) highly secure and will allow for more financial freedom. Why have a bank hold your money for you when you can hold it all yourself? Why go through exchanging currencies when you can use a currency that is good anywhere AND can be converted to local currencies if desired.
Is it necessary? No. But there are definite advantages to using it, and it is only in its infancy. Imagine the opportunities that we cant even foresee right now. I think this questioning is like people wondering what the deal is with this whole internet thing back in the mid-late 90s.
Bitcoin mining is based on very high energy costs and environmental costs.
One bitcoin =20 barrels of oil.
How many barrels of oil do you think the industry consumes every year?
10 barrels? 50 barrel?
Each year, the mining industry consumes more than 24 terawatts of energy, the equivalent of 13,239,916 barrels of oil.
Every 10 minutes, 12.5 bitcoins are dug up, meaning 20 barrels of crude oil have been reached since each bitcoin was dug up (not yet traded).
In other words, the amount of energy consumed by the global bitcoin mining campaign is 40 times greater than the amount of energy needed to support the Visa card network.
One bitcoin transaction = one American family USES electricity a week.
According to encrypt the currency analyst Alex DE Vries estimate an index, the currency trading energy consumed each year more than 24 tw, this is equivalent to total energy consumed each year in Nigeria, which has a population of 186 million.
Currently, about 300,000 bitcoins are traded each day. Each bitcoin transaction costs 215 kilowatt-hours of energy.
The average American household USES about 901 kilowatt-hours of electricity a month, which means that each bitcoin exchange consumes enough energy to make an American family comfortable for a week.
What do you think about the energy consumption of bitcoin?
Everything in crypto is safe until the scam pulls the plug. Tether could last or go under tomorrow. That's crypto. They claim to be backed by USD. So the price of tether really never moves. So it's a good way to store money for a dip or a crash. Makes you sleep a little better at night knowing if you wake up to a crash you actually could make a profit off it.
According to you . if in the current time, what do you do when bitcoin decreases current price? do you sell or hold and buy bitcoin again?
and do you think that bitcoin prices will rise in the near future? give your opinion and your reasons whether bitcoin will rise or even drop drastically?
Bought in at .15, .26, .32. Cashed out just under $6000 of my lumens when it was around 24-25 cents, plan to buy back and increase the amount of lumens I'm holding if it ends up hitting anywhere from .15-.19 unless the market seems to start going upward again.and do you think that bitcoin prices will rise in the near future? give your opinion and your reasons whether bitcoin will rise or even drop drastically?
In saying that I am debating not cashing back in at all in the short term. It's impossible to accurately call a bottom unless you're just lucky but I just have a gut feeling bitcoin hasn't hit it yet so I might take the gamble that bitcoin will drop the market even lower and wait to buy back in when I think bitcoin will let us have fun times again. Feel like we have a minimum of a few more months of sideways action before we see any real growth across the market. Hopefully I'm wrong though.
I've been loving this market so far to be honest though, I took out what I initially invested and some profits in December and put it back in the bank so everything that's still in is just profit for me, through lucky timing/guesswork I've been able to cash out into tether or coinbase USD wallet and then buy back in when the whole market drops, attempted that 11 times so far (currently attempting the 12th which if I was to buy back in now it would be a success) in the past month or two and just one of those times I ended up buying back in less coins then what I sold which was unfortunate because had I waited another 12 hours it would of worked out nicely, fortunately it wasn't anything drastic or enough to wipe out the increase of coins I had already made. Almost every crypto I own I've been able to double how many coins I had originally, some like XLM, I've been able to over triple.
At this point with the way the markets been my profits have still either been stagnant or slightly dropping but for now I'm not even aiming for profit and don't care because I'm aiming long term, just trying to increase positions without actually putting new money back into it until I feel like it'll have some steady growth again. So "technically" I have nothing to lose and in time if the crypto I'm holding get close to their ATH's or reach new ones I'll be making out pretty fucking well lol