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Showing 20 of 373 results by useless4
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Topic
Board Economics
Re: What if crypto vanishes?
by
useless4
on 20/01/2020, 21:03:20 UTC
At least it never crossed my mind. That's too far from reality because bitcoin is too big to fail. The worst possibility could be the demise of an internet connection, but what kind of thing that causes the internet to fail worldwide, that's pretty much impossible. Even if the Internet dies nowadays there's a way to send it via sms or satellites. So long as people have their own coins it should be fine.
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Topic
Board Speculation (Altcoins)
Re: Which crypto is good for long trading?
by
useless4
on 19/01/2020, 22:08:22 UTC
I would suggest Bitcoin as the best long-term investment crypto-currency that can bring you the biggest profit over time.  Though Bitcoin's price is rapidly changing it seems that it is actually making higher lows almost every single year. This is a key indicator that it is a really good investment and that it will probably keep on growing in the future. I don't really touch any altcoins.
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Board Altcoin Discussion
Re: Gaming on the blockchain - What do you think?
by
useless4
on 19/01/2020, 21:41:45 UTC
I think it's a very great mix of gaming and blockchain and some developers have already developed and published the games for gambling for example. Game is an interesting platform and blockchain is a popular technology right now, the platform should attract more users and finance the game to continue running and maybe even become the next big thing for blockchain. Next time blockchain will be paired with education and entertainment as these items are different and can have a positive impact on blockchain themselves thus possibly pumping the coins price in the near future.
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Topic
Board Speculation
Re: Anyone else think "long term" hodlers are idiots?
by
useless4
on 19/01/2020, 21:11:26 UTC
They're cleverer for me than us. It is very clear that real long-term investors are betting on coins in the marketcap which are in the top and that have a lot of potential to grow in the future. They will be at the top for a long time, because these wealthy investors know it's got a shot of being used internationally and giving them a return far more than they expected. Holding long term is probably the best thing to do.
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Topic
Board Bitcoin Discussion
Re: Did Satoshi think that quantum computers will exist?
by
useless4
on 19/01/2020, 20:51:56 UTC
I think Bitcoin developers can be kinda ready for somebody trying to use a quantum computer in the future to mine bitcoins and they're going to provide some security from such calculations. And besides, a quantum computer's technology is extremely expensive and hard to introduce, so we wouldn't be seriously worried about that in the coming years. To be fair, I believe it will be a threat only in like 20 years or so.
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Topic
Board Gambling discussion
Re: How can we overcome our gambling addiction!
by
useless4
on 16/01/2020, 21:27:53 UTC
Most people think that breaking away from addictions in gambling is pretty much impossible, however, in my view it all depends on self-control and knowing the right time to stop and have clear intentions like knowing how much you can lose. And stay away from the gambling environment or anything related to gambling and move on to positive activities and if you want to play gambling, then you should be able to avoid it firmly and there are many other ways to have fun like getting involved in sports
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Topic
Board Gambling discussion
Re: Do you use betting tips?
by
useless4
on 14/01/2020, 22:13:58 UTC
I'm planning of moving into something more of a sports betting site but using the tipsters help. I'm just going to search for team details, person information, sports that I'm not familiar with to try to make informed decisions. Paid or free advice, they are essentially the same, they aren't as confident of winning as they are as no one can really know the outcomes. There are also free tips out there that have good stats but I won't rely on them as much as 100 percent maybe just gather some details for better decisions. It feels better when you do it on your own and you get a good result plus you've learned something new.
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Topic
Board Speculation (Altcoins)
Re: Altcoin's price is disappointing!!!
by
useless4
on 14/01/2020, 21:52:13 UTC
I can't really see the difference honestly, as I feel that all the coins have a lot in common despite the fact that there are those who can keep moving upwards increase happens differently but it still looks the same. Bitcoin's price dropped and then recovered, and then retained its value in the range for quite a long time, but the coins below also faced the same thing where no one was able to move individually without bitcoin pumping. And nothing is so far disappointing because the bitcoin is pumping again and alts seem to be following.
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Topic
Board Trading Discussion
Re: So traders, how much You lose?
by
useless4
on 14/01/2020, 21:07:11 UTC
I am aware of the risks I take in trading and I know that my money in trading is not free because they can be lost really easily. I'm a sort of trader who doesn't put all the eggs in a basket so I'm good at managing the risk depending on different coins that are out there. Loss is inevitable, which means that even professional traders suffer losses. I also have losses, but it's only low because of my risk management where I don't go all in when I trade unless it's on bitcoin trades.
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Topic
Board Economics
Re: Capitalism
by
useless4
on 02/03/2017, 00:13:20 UTC
capitalisme is not good in poor country
because product price is control company , goverment can't intervention, so product price can high price
capitalism is bad not only for poor countries, to be honest it is bad for most of the countries, just look at china for example, it's a communist country and its economy is just booming and it is growing at a very rapid pace, ussr was also a communist country and a lot of people were really happy living in it, but then capitalism came in and changed everything completely, there appeared tons of rich people and the poor people are becoming even poorer.
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Topic
Board Economics
Re: Can we Manipulate Bitcoin price?
by
useless4
on 02/03/2017, 00:02:39 UTC
Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.
IMHO whales holding 10.000 BTC are not fond of dumping coins because the believe bitcoins potential has not yet reached, unless the carried out a coordinated dumping to manipulate prices.
Having the number of coins is very easy to influence the market and do so competently to direct at low prices could buy more bitcoin.
More demands and it will very difficult to manipulate the price of bitcoin. but it depend on the situation of the bitcoin market. if he dump on the bearish trend and it will give him more.
yeah the more people join bitcoins the harder it is to manipulate it, right now big whales like people from china and mining companies can still manipulate the bitcoin price if they start selling the coins they hold at a very rapid pace, but in the future it is going to be pretty much impossible.

If all bitcointalk community turn your power into manipulation, this can be possible, but hard!

And this is illegal, better stay clean
how is it illegal to manipulate the bitcoin price? If the person has a lot of bitcoins and he starts selling it really fast then he manipulates it unwillingly and I really doubt that it would be counted as a criminal offence...
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Topic
Board Bitcoin Discussion
Re: Does any bank accept Bitcoin?
by
useless4
on 28/02/2017, 14:19:52 UTC
Do you mean directly i think no because many people don't know about it. So we need to deposit it online through my local wallet. But i read it in some articles about bank accept bitcoin.  In nigeria news i read it that bitcoin there are so important they some banks accept it.
I do not know for sure about the news. but if it really happened. Nigeria will be the first country where their country banks accept bitcoin? I hope it will soon spread to other countries
uhmm, do you have a source of that one? I have never heard such news about Nigeria and i cannot find anything by googling it. As far as I know banks do not accept bitcoins just yet and even though this is possible in the future I'm not too keen on seeing it happen because when banks takeover bitcoins the whole idea of decentralization and stuff like that will be gone. Besides that with bitcoin you can be your own bank why do we need bitcoin banks then?
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Board Bitcoin Discussion
Re: Why some people prefer Bitcoin over fiat ?
by
useless4
on 28/02/2017, 14:09:30 UTC
The most important thing about bitcoins is that when u buy things with bitcoins you dont have to give tax . It is very important to note that bitcoin is being widely used in the deep web for different purposes.other than that bitcoin is being used for other different purposes also like shopping , buying stuffs from the internet.
well it depends on where you buy it from, if it is from an ordinary online shop then you would still need to pay taxes as they usually just convert bitcoins to fiat and then process your order in fiat instead of bitcoins. I prefer bitcoins over fiat because the price of the bitcoin can be booming in the future while fiat is always gonna be stable or even go down a little bit with time.
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Topic
Board Bitcoin Discussion
Re: Transaction Fees are SPIKING !
by
useless4
on 25/02/2017, 20:15:20 UTC
Well I guess those who are spamming it are really doing their jobs now.
It is a mess now with all that transactions and that is the reason it keeps on spiking.
Miners are going to need to up their game and they would need a lot of fees for that.
This is really a chaos now in the bitcoin world.
yeah it kinda is and the fees are going to go up and up if nothing changes, we need the segwit to happen as soon as possible in order to not lose bitcoin users as if the fees keep increasing people will start using fiat instead of bitcoins once again. I hope that the devs will do something to fix it, I mean it is just ridiculous to pay 30k fees when you send 30k satoshi as a transaction isn't it?
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Board Bitcoin Discussion
Re: Is CHINA CONTROLLING Bitcoin?
by
useless4
on 25/02/2017, 20:07:40 UTC
Many of us here thinks that China is not controlling bitcoin for many different reasons , I think in myself that I agree that China isn't controlling it , It just happens that China has the Big number of miners and I think bitcoin can survive with out China.
50 percent of people here in forum are believing that china is controling the bitcoin price it just because of the reason of fake volume exchange that makes the bitcoin price boost into increasing price. China also had the most users who uses bitcoin and they starting to create good technology that can change the world with bitcoin.
the fact that the highest number of transactions was using chinese yuan. they have the biggest bitcoin minning in the world. they can control the price of bitcoin by influencing the supply.
they don't have the total control on bitcoins for sure because it is impossible in my opinion, but they have some more power than other countries because of the biggest use of bitcoin in the world. Though with bitcoin everyone has some control on it maybe just one people have more power and others less, the most important thing is that governments have no control over it, so it can be decentralized.
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Board Off-topic
Re: bitcoin affects life a lot
by
useless4
on 05/10/2016, 00:09:54 UTC
Bitcoin had brought a great revolution in my life because previously i had no option top earn money online, i search for job and ended up finding useless jobs which don't pay even $1 monthly sop after getting bitcoin i can now make $20 easily from bitcointalk and faucet. Thank bitcoin for changing my life.
the same for me, to be honest life gets affected by bitcoins a lot for me and i sometimes make some profit
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Board Off-topic
Re: du you spend coins on real life.
by
useless4
on 04/10/2016, 23:58:00 UTC
I spend bitcoin in my real life but for limited stuffs only since not much merchant accepted bitcoin yet. It'll be much interesting if I could use bitcoin to buy my daily necessity. And I am sure in the near future the number of offline merchants that accept bitcoin as an alternative payment will increase.
i also spend my bitcoins in real life but really rarely only to be honest, thats why i don use a lot of it
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Topic
Board Off-topic
Re: waiting for a confirmation: what are you doing?
by
useless4
on 04/10/2016, 23:56:58 UTC
I'll tell ya what im not doing, siting around waiting on a confirmation, it will confirm when it does.... as long as you pay some fee then ur fine  Grin
yeah of course confirmed it would happen so better sit down and be patient, it would be better if you did not wait you can do other activities so that you do not need to feel waiting for confirmation of the transaction. yeah that's what I always do
yeah, there is nothing you can do about it to be honest, in my opinion you should just chill that time
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Board Off-topic
Re: What are you doing with Bitcoin?
by
useless4
on 04/10/2016, 23:56:29 UTC
Are you investing your money on Bitcoin?
No.

Do you use Bitcoin to buy things in internet?
Yes.

You earn money with Bitcoin?
Yes.
to be honest investing bitcoins is a dumb thing to do because you invest into bitcoins, why to invest bitcoins too
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Topic
Board Economics
Re: Why do people keep saying BTC is dead?!
by
useless4
on 03/10/2016, 00:33:26 UTC
People still keep saying that BTC is dead just because they are unsure of its price as they might feel they will see BTC at $200 or even $100 someday...
But that's never going to turn into reality for them, they are just trying to manipulate the markets thinking they will succeed with their plans...
you are right, but it is definitely not going to die at any point in the future, i hope it will only grow