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  1. #81
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    Quote Originally Posted by srh View Post
    any response to this post? especially the bolded part?
    Are money or gold halal? Crypto is both a medium of exchange and store of value. In fact I would say it is more halal than fiat currencies that rely on a debt based monetary system and interest payments,whole fiat currencies can be manipulated by governments and bankers.

  2. #82
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    Quote Originally Posted by irfan View Post
    Are money or gold halal? Crypto is both a medium of exchange and store of value. In fact I would say it is more halal than fiat currencies that rely on a debt based monetary system and interest payments,whole fiat currencies can be manipulated by governments and bankers.
    interesting answer; what do you think @the Great Khan

  3. #83
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    Here is an article that discusses the halal issue
    https://cointelegraph.com/news/is-bi...lam-and-sharia

    and another one talking about islamic cryptocurrency

    https://www.rt.com/business/408455-m...ryptocurrency/

    I remember a few years ago there was an Islamcoin or such like, it probably was a scam setup.
    There is another Islamic crypto project currently, I looked at it a few months ago but I can now see they have made progress, I can't vouch for its legitimacy.
    https://www.halal-coin.org/ico

    Personally, I don't follow any religion so is not an issue to me but I understand people's sensibilities around this issue.

  4. #84
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    Quote Originally Posted by the Great Khan View Post
    whats the best amount to invest as a starting point? My firend has just bought some litecoin and ethereum and I'm thinking of doing the same but I'm unsure how much to actually invest as a first off..especially as it could be a bubble.

    Also is it halal?? I havent heard a proper answer to it yet..
    I've addressed the halal issue elsewhere in the thread.

    You can invest a small amount if you wish, as you can buy fractions of a bitcoin. I do own altcoins ie coins other than bitcoin but I consider myself somewhat of a bitcoin maximalist ie it's the premier crypto & most likely to succeed. Litecoin has been around a fair while as well but is less valuable as there is more of it, it's a legit coin but I find it's creator Charlie Lee to be a bit shady, Ethereum again I own but am on the fence about it's capabilites, it's more of a platform rather than a currency. Other coins I like are monero, zcash, dash, waves, komodo.Note that many cryptos are scams & are set up with the plan to fleece people of their bitcoin.

    I recommend you read these two authors both from the same financial news outlet but with different outlooks and make up your own mind, Jim Rickards I have a great deal of respect for but he happens to be anti bitcoin
    https://dailyreckoning.com/gold-vs-b...-sachs-weighs/

    This other guy sees crytpos as the future:
    https://dailyreckoning.com/the-b-word/

    No. 6 on this list is interesting:
    https://dailyreckoning.com/eight-thi...ptocurrencies/

  5. #85
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    Quote Originally Posted by Billa86 View Post
    Has anyone heard of LEO Coin? Is it worth investing in this or best to stick with popular and renown bitcoin brands?
    is listed as number 113, who know it could be the next bitcoin but I doubt it, it has been around for a few years I see.
    https://coinmarketcap.com/all/views/all/

  6. #86
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    Quote Originally Posted by Marshland View Post
    I strongly recommend not diving into this stuff until governments have had their say and the jurisdiction is in place.

    For you might just have the carpet pulled from under your feet otherwise...
    Bitcoin is 9 years old, there's literally reams of regulatory advice and consultation in various jurisdictions, some more favourable than others, Japanese authorities have embraced crypto. I acknowledge that governments could change their position & criminalise aspects of bitcoin etc

    I take it you are from NZ, you may be interested to read the following:
    https://www.coindesk.com/new-zealand...cy-securities/

  7. #87
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    Surprised by this thread.

    I do recommend putting a small amount of your savings in bitcoin. Also look up Vertcoin. Staying with Bitcoin should be OK too but I don't think the real deal of the future crypto currency has been decided yet. Don't miss the train. In 10 years it might not be bitcoin but cryptocurrency will stay.

    But if your unsure then for now I would wait until after Nov 18 because of all the technical infighting going on in the Bitcoin community at the moment.

  8. #88
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    Quote Originally Posted by Sirris View Post
    Surprised by this thread.

    I do recommend putting a small amount of your savings in bitcoin. Also look up Vertcoin. Staying with Bitcoin should be OK too but I don't think the real deal of the future crypto currency has been decided yet. Don't miss the train. In 10 years it might not be bitcoin but cryptocurrency will stay.

    But if your unsure then for now I would wait until after Nov 18 because of all the technical infighting going on in the Bitcoin community at the moment.
    I would like to start buying Bitcoins. Is the best way to do this through blockchain.info? I tried to buy using my debit card but my bank would not authorise the transaction. Bank transfers require identity verification such as uploading a copy of your passport/driving license etc. Is it safe to do this?

  9. #89
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    Quote Originally Posted by Dios View Post
    I would like to start buying Bitcoins. Is the best way to do this through blockchain.info? I tried to buy using my debit card but my bank would not authorise the transaction. Bank transfers require identity verification such as uploading a copy of your passport/driving license etc. Is it safe to do this?
    They are all pretty safe in that respect and there are multiple exchanges you can use but the cheapest one is probably using GDAX which is the same as Coinbase and you can trade on there without any fees. There are some risks involved so make sure you use 2FA and never store your coins on any exchanges afterwards.

  10. #90
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    Quote Originally Posted by Sirris View Post
    Surprised by this thread.

    I do recommend putting a small amount of your savings in bitcoin. Also look up Vertcoin. Staying with Bitcoin should be OK too but I don't think the real deal of the future crypto currency has been decided yet. Don't miss the train. In 10 years it might not be bitcoin but cryptocurrency will stay.

    But if your unsure then for now I would wait until after Nov 18 because of all the technical infighting going on in the Bitcoin community at the moment.
    I've heard they are even think of another fork in December with another new coin Bitcoin Silver. It's really a joke now and it wouldn't surprise me in a few years if they get unseated as the undisputed king of the crypto world.

  11. #91
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    Interesting news from Iran
    https://cointelegraph.com/news/irani...-bitcoin-users
    Tensions between Iran and the US
    Bitcoin is known to start with countries in the west and as the tension rise between Iran and the US, the former is strategizing to incorporate Bitcoin into its system. Iran and the US currently have a problem in their relationship as Donald Trump called the deal with Iran as “the worst deal ever.”

    The Islamic republic is still suffering from international sanctions that affect several of its economic sectors, including finance, energy and the shipping industry. International sanctions have also hindered Iranian citizens’ ability to use online payment platforms like PayPal, Venmo and Braintree.

    With the sanction, the Iranian government has come up with a way to go around and that is through the implementation of Bitcoin as the main form of online payment. One of the advantages of Bitcoin is the fact that it is a decentralized currency which cannot be controlled by a central identity like a corporation or government; thus countries are not able to sanction payments.

    With Bitcoin, Iranian citizen could easily bypass economic sanctions and be able to conduct international trades.

    Bitcoin Infrastructure for Iran
    The acknowledgment of Bitcoin to Iran’s economy is a huge milestone for cryptocurrencies. This means that the government can now open their doors for advancement in terms of payment and currency.

    According to reports, the Iranian government has already researched Bitcoin and its possible benefits for its economy.

    Amir Hossein Davaee, Iran’s Deputy Minister of Information and Communication Technology. shares:

    “The ministry of communications and information technology has already conducted a number of research studies as part of efforts to prepare the infrastructure to use Bitcoin inside the country.”

    Moreover, Davaee added that Bitcoin activities include money creation, so the Central Bank of Iran needs to set the ground rules and supervise related activities, otherwise, this would disrupt the economic cycle. Iran is now on the edge of creating a proper infrastructure not only for Bitcoin but also for other cryptocurrencies.

    Once this project is finished, they will be properly integrated and regulated. After the economy of Iran greatly suffered from sanctions, experts believe that Bitcoin and other digital currencies will greatly help Iran’s economy to get back on track.

  12. #92
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    Quote Originally Posted by Dios View Post
    I would like to start buying Bitcoins. Is the best way to do this through blockchain.info? I tried to buy using my debit card but my bank would not authorise the transaction. Bank transfers require identity verification such as uploading a copy of your passport/driving license etc. Is it safe to do this?
    Where are you based? you can buy direct from users, https://localbitcoins.com/

  13. #93
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    Quote Originally Posted by irfan View Post
    That will result in unwanted interest by the US and the end of BitCoin - bad news!


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  14. #94
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    Quote Originally Posted by srh View Post
    interesting answer; what do you think @the Great Khan
    I genuinely dont know. I have read something similar to what Irfan has said and consider it better than anything that has any interest payments linked to it. There are zero rulings on it so I would think if your willing to take the risk then people should be free to.

  15. #95
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    Quote Originally Posted by irfan View Post
    I've addressed the halal issue elsewhere in the thread.

    You can invest a small amount if you wish, as you can buy fractions of a bitcoin. I do own altcoins ie coins other than bitcoin but I consider myself somewhat of a bitcoin maximalist ie it's the premier crypto & most likely to succeed. Litecoin has been around a fair while as well but is less valuable as there is more of it, it's a legit coin but I find it's creator Charlie Lee to be a bit shady, Ethereum again I own but am on the fence about it's capabilites, it's more of a platform rather than a currency. Other coins I like are monero, zcash, dash, waves, komodo.Note that many cryptos are scams & are set up with the plan to fleece people of their bitcoin.

    I recommend you read these two authors both from the same financial news outlet but with different outlooks and make up your own mind, Jim Rickards I have a great deal of respect for but he happens to be anti bitcoin
    https://dailyreckoning.com/gold-vs-b...-sachs-weighs/

    This other guy sees crytpos as the future:
    https://dailyreckoning.com/the-b-word/

    No. 6 on this list is interesting:
    https://dailyreckoning.com/eight-thi...ptocurrencies/
    thanks for that irfan. i will sit and continue my research. then the hardest part, convincing the Mrs. lol

  16. #96
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    Not looking good today Bitcoin! Big drop


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  17. #97
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    Segwit2x hard fork has been cancelled, bitcoin hit another all time high.

  18. #98
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    So bitcoin is pretty much like gold. Its value lies in the people's perception. It has no utility whatsoever.

    Invest in it if you are bored and looking for excitement; but don't expect to make any fortune out of it.

  19. #99
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    6 years ago it was worht $3 now its worth $6300, damn....

  20. #100
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    Quote Originally Posted by Majestic_Inzi View Post
    6 years ago it was worht $3 now its worth $6300, damn....
    It's been over 7k for a week.

  21. #101
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    Quote Originally Posted by Asif khan View Post
    It's been over 7k for a week.

    And the 'fork' has been put on hold

    https://www.etoro.com/blog/markets/2...91117_A_BTC_EN


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  22. #102
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    Quote Originally Posted by Chrish View Post
    So bitcoin is pretty much like gold. Its value lies in the people's perception. It has no utility whatsoever.

    Invest in it if you are bored and looking for excitement; but don't expect to make any fortune out of it.
    Well some vendors may start accepting it as payment.


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  23. #103
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    Quote Originally Posted by MenInG View Post
    And the 'fork' has been put on hold

    https://www.etoro.com/blog/markets/2...91117_A_BTC_EN
    Yup, a good thing and time to invest in some promising Altcoins.

  24. #104
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    Quote Originally Posted by MenInG View Post
    Well some vendors may start accepting it as payment.
    Just saying it has no logic behind its ridiculous value. It can just as easily go out of fashion tomorrow.

    Likewise gold can easily loose its value if new philosophies emerge with new wave and people start considering it as dull shiny object all of a sudden. Hasn't happened yet but doesn't mean it never will. You can't use gold to build buildings or ships like iron or steel.

    You don't wanna invest into something that is solely valued based on people's perception. It's a gambling, not investment.
    Last edited by Chrish; 9th November 2017 at 23:33.

  25. #105
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    Heard a lot about bitcoins but unfortunately I always associate it with shady dealings and the dark web. the fact that the founder of bitcoins is still shrouded in mystery makes me suspicous.

    Apologize to the bitcoin users for stereotyping lol

  26. #106
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    Quote Originally Posted by Chrish View Post
    So bitcoin is pretty much like gold. Its value lies in the people's perception. It has no utility whatsoever.

    Invest in it if you are bored and looking for excitement; but don't expect to make any fortune out of it.
    Except it isn't, gold has real value while BTC is driven mainly by speculators & the criminal underground, also people who don;t know much about cryptocurrencies yet simply want to make a quick buck. The reason why it gained traction was due to security by obscurity, people think you;re anonymous when transacting via BTC except it still has to be converted into real money. That will always be it's Achilles heel.
    Last edited by R0H1T; 10th November 2017 at 05:53.

  27. #107
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    I believe that the SBI is already asking Credit Card companies to inform them of any BTC transactions as some bribes etc are being offered with BTC


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  28. #108
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    Quote Originally Posted by R0H1T View Post
    Except it isn't, gold has real value while BTC is driven mainly by speculators & the criminal underground, also people who don;t know much about cryptocurrencies yet simply want to make a quick buck. The reason why it gained traction was due to security by obscurity, people think you;re anonymous when transacting via BTC except it still has to be converted into real money. That will always be it's Achilles heel.
    BTW Lol at people who think that the rest of the market is based on some higher principles of ethics! MBS, Derivatives, Futures.... yes all based on real objects changing hands with investors. Not.


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  29. #109
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    Quote Originally Posted by MenInG View Post
    BTW Lol at people who think that the rest of the market is based on some higher principles of ethics! MBS, Derivatives, Futures.... yes all based on real objects changing hands with investors. Not.
    Umm what, what you're talking about are all currency derivatives or instruments backed by real $ that can be put up as legal tender. BTC was formed as an alternate to the current fiat currencies, yet it's still tied to the USD & goes up & down like a (stock market) bubble.

    If you;ve followed BTC, as closely as I have, then you'll know that it's the biggest vaporware out there, miners made free money a long time back literally out of thin air.

  30. #110
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    Quote Originally Posted by R0H1T View Post
    Umm what, what you're talking about are all currency derivatives or instruments backed by real $ that can be put up as legal tender. BTC was formed as an alternate to the current fiat currencies, yet it's still tied to the USD & goes up & down like a (stock market) bubble.

    If you;ve followed BTC, as closely as I have, then you'll know that it's the biggest vaporware out there, miners made free money a long time back literally out of thin air.
    Bro to think that other derivative products are not making money out of thin air is guess another view. Yes, we cannot see the guy's behind BTC but I dont have a ethical issue with that.

    Fact is that we, as ordinary consumers, will never see the real backers of any cryptos but for me, its just another thing to trade. Nothing more or less.

    BTW, I am not an expert on this matter! But just my 2 cents.


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  31. #111
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    Interesting to see this thread !

    I own 2 bitcoins and 5 ethereum, i did trade some altcoins like ripple etc earlier this year but to be honest right now apart from checking prices every now and again i reckon its probably better off buying whatever you can afford to lose and just leaving it for a couple of years. In my opinion, bar bitcoin and perhaps ethereum i doubt any of these coins will exist in a decades time, the technology has a bright future but the industry is still working things amount themselves..its an extremely in the cryptocurrency lifespan and there will be many changes and they work things out in the years ahead.

    In my opinion, buy what you can afford to lose and stick to bitcoin and ethereum..it might be worth something in a decades time


    Alone we are Pathan, Punjabi, Sindhi and Balochi...together we are Pakistan

  32. #112
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    Quote Originally Posted by MenInG View Post
    Bro to think that other derivative products are not making money out of thin air is guess another view. Yes, we cannot see the guy's behind BTC but I dont have a ethical issue with that.

    Fact is that we, as ordinary consumers, will never see the real backers of any cryptos but for me, its just another thing to trade. Nothing more or less.

    BTW, I am not an expert on this matter! But just my 2 cents.
    Sure but it;s not a matter of ethics or anything, the real problem with BTC is its volatility & how it;s become an asset class rather than a currency alternative.

    Let's say you pay me 1 BTC, worth $6K today, for some work. I do not encash it immediately, for any number of reasons, it tanks $1000 a day after so I'm at a loss of $ 1K for no good reason other than dealing in BTC. This is the problem with it today, it also takes an enormous amount of time & computational resources for the BTC network to work, it's a major source of global warming today, believe it or not.
    Quote Originally Posted by corneredtiger85292 View Post
    Interesting to see this thread !

    I own 2 bitcoins and 5 ethereum, i did trade some altcoins like ripple etc earlier this year but to be honest right now apart from checking prices every now and again i reckon its probably better off buying whatever you can afford to lose and just leaving it for a couple of years. In my opinion, bar bitcoin and perhaps ethereum i doubt any of these coins will exist in a decades time, the technology has a bright future but the industry is still working things amount themselves..its an extremely in the cryptocurrency lifespan and there will be many changes and they work things out in the years ahead.

    In my opinion, buy what you can afford to lose and stick to bitcoin and ethereum..it might be worth something in a decades time
    Yes it;s basically like playing lotto, you wouldn;t want to invest in BTC or ETH your life savings, ever that;s for sure.
    Last edited by R0H1T; 10th November 2017 at 06:31.

  33. #113
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    Quote Originally Posted by R0H1T View Post
    Sure but it;s not a matter of ethics or anything, the real problem with BTC is its volatility & how it;s become an asset class rather than a currency alternative.

    Let's say you pay me 1 BTC, worth $6K today, for some work. I do not encash it immediately, for any number of reasons, it tanks $1000 a day after so I'm at a loss of $ 1K for no good reason other than dealing in BTC. This is the problem with it today, it also takes an enormous amount of time & computational resources for the BTC network to work, it's a major source of global warming today, believe it or not.Yes it;s basically like playing lotto, you wouldn;t want to invest in BTC or ETH your life savings, ever that;s for sure.
    Very interesting and thanks for taking the time to reply.

    My view is that owning BTC etc is as you describe above prone to 'devaluation' risk. I would rather trade and make a quick $ off it and move on. Pass on the risk to many others out there and that's about it.


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  34. #114
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    1st time bitcoin investor here
    Just in matter of 5 months, my bitcoin profits is in 6 dollar figures
    i withdraw some of the profits and invested in ethereum and ICO of electroneum
    also took a 10 day china canton fair vacation + biz trip with some of the profits
    will continue to pump future profits into new promising crypto currency
    money is real ....

  35. #115
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    Whats happened with Electroneum, seems to have gone offline to sort out some security issues.


    Afridi - "we are playing 6 genuine batsmen and 2 all rounders, what else can we do about batting?"

  36. #116
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    LTC in freefall today it seems!


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  37. #117
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    Quote Originally Posted by supersix View Post
    Whats happened with Electroneum, seems to have gone offline to sort out some security issues.
    Probably a scam, trying to hide behind security/hacking issues

  38. #118
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    Quote Originally Posted by MenInG View Post
    LTC in freefall today it seems!
    all coins, I think we're entering a consolidation phase

  39. #119
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    Pretty bad day but lets see if things stabilize


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  40. #120
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    what in heaven's name is happening with bitcoin cash? up 50% in a day, now at over $1.2k & bitcoin core down to 6.3k

  41. #121
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    Quote Originally Posted by R0H1T View Post
    Except it isn't, gold has real value while BTC is driven mainly by speculators & the criminal underground, also people who don;t know much about cryptocurrencies yet simply want to make a quick buck. The reason why it gained traction was due to security by obscurity, people think you;re anonymous when transacting via BTC except it still has to be converted into real money. That will always be it's Achilles heel.
    Gold is valued because women find it pretty which is entirely subjective criteria. It doesn’t have any real objective value.

    So far it has stood the test of time however.

  42. #122
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    Quote Originally Posted by irfan View Post
    what in heaven's name is happening with bitcoin cash? up 50% in a day, now at over $1.2k & bitcoin core down to 6.3k
    All the SegWit2x supporters are behind cash, it is more profitable to mine so miners are getting behind it and ofcourse Roger Ver and his crooks are trying to destabilise the real BTC. At the moment there are over 100k unconfirmed transactions as we speak which is very worrying.

  43. #123
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    Quote Originally Posted by Chrish View Post
    Gold is valued because women find it pretty which is entirely subjective criteria. It doesn’t have any real objective value.

    So far it has stood the test of time however.
    Then you don't know much about gold do you? You could simply use wikipedia & that'd be it. It is one of the most important metals in terms of industrial utility, it is used in IC's also electrical & electronics industry widely, there is an alternative to copper i.e. aluminium but none for gold. It's also used in medicines, satellites so on & so forth, you have little knowledge about the utility of gold it seems.

    In comparison BTC is vaporware, through & throughout.

  44. #124
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    Quote Originally Posted by R0H1T View Post
    Then you don't know much about gold do you? You could simply use wikipedia & that'd be it. It is one of the most important metals in terms of industrial utility, it is used in IC's also electrical & electronics industry widely, there is an alternative to copper i.e. aluminium but none for gold. It's also used in medicines, satellites so on & so forth, you have little knowledge about the utility of gold it seems.

    In comparison BTC is vaporware, through & throughout.
    That' not the reason for its staggering value..

  45. #125
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    Personally I wouldn't


  46. #126
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    Bit of a bounce! its back again but for how long?


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  47. #127
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    How to start investing in crypto currency? Any guide for noobs? Don't have money to buy bitcoin but can start with some altcoins like Neo, Ripple etc.

  48. #128
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    Quote Originally Posted by Bhaag Viru Bhaag View Post
    How to start investing in crypto currency? Any guide for noobs? Don't have money to buy bitcoin but can start with some altcoins like Neo, Ripple etc.
    Keep an eye on DASH

    Also BTC has just recovered from a mega dip so maybe wait for another dip - my 2 cents


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  49. #129
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    Quote Originally Posted by Dios View Post
    I would like to start buying Bitcoins. Is the best way to do this through blockchain.info? I tried to buy using my debit card but my bank would not authorise the transaction. Bank transfers require identity verification such as uploading a copy of your passport/driving license etc. Is it safe to do this?
    It depends on your location. https://www.buybitcoinworldwide.com/ is a trustworthy website where you can give in your location and get appropriate suggestions.

    In general for those in Europe I do recommend coinbase.com. Sharing sensitive information online is never 100% safe but I did share my ID on the coinbase platform. At the end of the day you have to make a trade off and share some sensitive information in return of a trustworthy service. For me coinbase does seem professional enough to handle sensitive data with care.

    After registering on coinbase and depositing some cash I would sign in at GDAX.com as Asif Khan suggested.

  50. #130
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    Quote Originally Posted by Bhaag Viru Bhaag View Post
    How to start investing in crypto currency? Any guide for noobs? Don't have money to buy bitcoin but can start with some altcoins like Neo, Ripple etc.
    I would not suggest investing in any altcoin just because it's cheaper in comparison to Bitcoin. You don't have to buy one complete Bitcoin. One single Bitcoin can be divided into 6 decimals. You could buy 0.01 BTC at an fixed interval and it would be more likely to be profitable in the long run than buying some altcoins just because the price is lower and it has seen an upward trend lately.

    I want more and more people to be exposed to Bitcoin and cryptocurreny in general because I do believe in its potential and at the moment I think no other altcoin is ready to take Bitcoin's place because of many reasons and Bitcoin having a much larger mainstream media presence is one of it. New money will come in but before it can go anywhere it will pour into Bitcoin, which means you can continue to expect Bitcoin's price to rise in the long term.

    Hence I do believe you are better off just buying Bitcoin at the moment, storing it at a safe place and keeping an eye on things from time to time. Trading with altcoins however requires much more time, research and is stressful. The chances of ending up buying into the hype, losing your money and damaging health are big. People on the internet will be quick to suggest which altcoins are the best and which you should buy but the number one reason behind this is that they themselves have already invested their own money in the coin and just want you to ride along the hype.

    Bitcoin is a very big topic. If you are coming in with an attitude of wanting to make quick cash then you are missing out on the bigger pictures. If you just want to throw in some money and see how it goes then that's as good as gambling.

    This is a good place for beginners to ask question regarding Bitcoin and get them answered quickly:

    https://www.reddit.com/r/BitcoinBeginners/

    But beware in general reddit is not the best place to get serious advice. I would recommend bitcointalk forum as a better alternative. You can also search youtube for videos of Andreas Antonopoulos on Bitcoin to understand why Bitcoin is much more than a get rich scheme.

  51. #131
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    Quote Originally Posted by Asif khan View Post
    I've heard they are even think of another fork in December with another new coin Bitcoin Silver. It's really a joke now and it wouldn't surprise me in a few years if they get unseated as the undisputed king of the crypto world.
    The last few days have been very interesting, seeing the battle between Bitcoin and the poser "Bitcoin Cash" has been a thrilling experience. The results did not surprise me but it was still very heart warming to see. To me it just reinforced the notion that at the moment no other altcoin is anywhere near Bitcoin. Technology is forever evolving and if in the future a better and worthwhile alternative to Bitcoin makes it presence then most welcome but at the moment all I see is vague concepts and a lot of hype coupled with a wishful thinking to replicate Bitcoin's success, for the sole purpose of making big money.

    The forks are indeed a nuisance but I hope now that s2x drama is behind us, the community can find a better way to deal with the current issues in the tech.

  52. #132
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    Quote Originally Posted by Sirris View Post
    The last few days have been very interesting, seeing the battle between Bitcoin and the poser "Bitcoin Cash" has been a thrilling experience. The results did not surprise me but it was still very heart warming to see. To me it just reinforced the notion that at the moment no other altcoin is anywhere near Bitcoin. Technology is forever evolving and if in the future a better and worthwhile alternative to Bitcoin makes it presence then most welcome but at the moment all I see is vague concepts and a lot of hype coupled with a wishful thinking to replicate Bitcoin's success, for the sole purpose of making big money.

    The forks are indeed a nuisance but I hope now that s2x drama is behind us, the community can find a better way to deal with the current issues in the tech.

    Correct.

    What we learned from last weeks drama is:

    1. Bitcoin is the absolute crypto king and Bitcoin cash is just another altcoin that was manipulated by Roger Ver and Jihan Wu.

    2. Every time Bitcoin corrects or crashes it rebounds and breaks it's own all-time high record.

  53. #133
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    What do you guys think of BitConnect here ? Is it worth the investment ? Scam ?

  54. #134
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    You will find people swear buy it whilst others will call it a scam. It is clearly a ponzi scheme where existing investors are being paid by the recruitment of new investors. When that happens it will crash and disappear into oblivion. If you feel it will be around for a while then you can make a good return otherwise keep well away.

  55. #135
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    yes i echo that bitconnect is a ponzi scam, stay away.

  56. #136
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    new all time high $8.2k

  57. #137
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    $10000

  58. #138
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    @MenInG $11000

  59. #139
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    According to Bill Gates "Bitcoin is better than currency". He also has invested a lot in Bitcoin. Still not sure how this thing works though.

  60. #140
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    @Sirris thanks for the valuable info and links..

    I've been researching this topic for a while now and the more I learn the more convincing it sounds. I am enticed to ride the wave.

    Also, who read the paper claiming the founder of Bitcoin "Satoshi Nakamoto" is actually Elon Musk? Elon denied it yesterday..but it is a convincing argument...Elon's one of the few who understands crypto currency (because of PayPal) and has a deep understanding of Economics.

  61. #141
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    Quote Originally Posted by bhaag viru bhaag View Post
    @mening $11000


    Yes I noticed but the volatility is huge! Its probably going to come down now!
    Last edited by MenInG; 29th November 2017 at 15:48.


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  62. #142
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    Quote Originally Posted by supersix View Post
    Whats happened with Electroneum, seems to have gone offline to sort out some security issues.
    When electroneum opened their wallets in October, they were heavily ddosed and serious hacking attempts on their server.
    They closed it and took professional help from https://hackerone.com/electroneum
    Electroneum.com wallets will probably open around 3rd week December

    I have trust in Electroneum and bought 1.2 million Electroneum coins during ICO investing like $10K
    https://coinmarketcap.com/currencies/electroneum/
    Right now its priced at 0.046, 1.2 mill x 0.046 = $55K
    IMO, when electroneum wallet goes live, Massive selling will happen people will try to make instant profits, price will shoot down to $0.01 (or even less)
    While many people are saying this as a scam - i hold a contrarian approach and waiting to pump $10K more to purchase 1 million more Electroneum (if and when price comes to around $0.01)

  63. #143
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    It;s still a scam people, so beware! Also does anyone here know what happens when all BTC are mined, just to give you a hint?

    Some other market experts opine ~ http://www.cnbc.com/2017/11/28/novog...lifetimes.html
    Last edited by R0H1T; 30th November 2017 at 08:02.

  64. #144
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    It's not a scam. It's a store of value. Therefore, it is very speculative.

  65. #145
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    I have a funny feeling this going to come crashing down.

    I don’t know much about crypto currencies so I may be wrong but I how much more can they appreciate this bubble will eventually burst.

  66. #146
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    Strange few days as values going up and down


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  67. #147
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    Quote Originally Posted by j_kazmi View Post
    I have a funny feeling this going to come crashing down.

    I don’t know much about crypto currencies so I may be wrong but I how much more can they appreciate this bubble will eventually burst.
    "bubble will burst" I have heard people say this when bitcoin was valued at $200. Sadly back in the days I was just a poor kid without any means to get my hands on this stuff.

    You don't know much about crypto so how about looking it up.

    Let me state it here: next year in Dec 2018 bitcoin would still be a thing. It won't crash down to extinction.

  68. #148
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    Quote Originally Posted by MenInG View Post
    Strange few days as values going up and down
    You mean business as usual.

  69. #149
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    Do people know CEO of Social Capital (the only VC in the world to have successfully funded more than 5 major tech companies in the last decade) Chamath Palihapitiya has his entire fund long on Bitcoin? He is rumored to hold at least 5% of all Bitcoins...and no, no government can pull the plug and devalue or make it disappear. Bitcoin is here to stay. It's only a matter of when there's a bridge build to load/unload your coins to cash.

  70. #150
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    Quote Originally Posted by Sirris View Post
    "bubble will burst" I have heard people say this when bitcoin was valued at $200. Sadly back in the days I was just a poor kid without any means to get my hands on this stuff.

    You don't know much about crypto so how about looking it up.

    Let me state it here: next year in Dec 2018 bitcoin would still be a thing. It won't crash down to extinction.
    $200 is not $10,000. Right now it seems ridiculously high, it’s unsustainable.

    But like I said I don’t much about currency trading so I could be wrong

  71. #151
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  72. #152
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    Quote Originally Posted by j_kazmi View Post
    $200 is not $10,000. Right now it seems ridiculously high, it’s unsustainable.

    But like I said I don’t much about currency trading so I could be wrong
    Yes but percentage wise the jump was huge and then it went to $1000. I am not here to sell you anything, in fact I would be very cautious at the moment too. But I want you to at least look up the topic and think about it instead of just brushing it aside as some kind of a scheme.

    It is a sad fact that the idea and technology has been around for years but the only time the general public heard about is when there is some money to be made.

    My goal is to make people curious about it while advising the to stay a bit cautious.

  73. #153
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    Quote Originally Posted by HussainRx8 View Post
    It's not a scam. It's a store of value. Therefore, it is very speculative.
    What value, it's neither a full fledged currency nor any useful commodity?
    This will bring unsuspecting people to rags, just like the 2008 crash or perhaps even worse ~ https://www.cnbc.com/2017/11/28/novo...lifetimes.html

  74. #154
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    Quote Originally Posted by R0H1T View Post
    What value, it's neither a full fledged currency nor any useful commodity?
    This will bring unsuspecting people to rags, just like the 2008 crash or perhaps even worse ~ https://www.cnbc.com/2017/11/28/novo...lifetimes.html
    Bro come over to the darkside! The bubble hasnt burst for years now


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  75. #155
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    Quote Originally Posted by MenInG View Post
    Bro come over to the darkside! The bubble hasnt burst for years now
    It's partly because it isn't regulated, that's why the bubble hasn't burst yet. Also the reason, why there's so much money pouring into it. With regulations there will be more scrutiny into what/who is pouring money into crypto, their sources of income & of course taxes. The tech behind crypto blockchain is something different, people conflate BTC or ETH with the tech itself & that's stretching it to the say the least.

  76. #156
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    Quote Originally Posted by R0H1T View Post
    It's partly because it isn't regulated, that's why the bubble hasn't burst yet. Also the reason, why there's so much money pouring into it. With regulations there will be more scrutiny into what/who is pouring money into crypto, their sources of income & of course taxes. The tech behind crypto blockchain is something different, people conflate BTC or ETH with the tech itself & that's stretching it to the say the least.
    If you are living in India then I am told that SBI is putting some restrictions soon to stop people from using Bitcoins to bribe others


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  77. #157
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    Quote Originally Posted by MenInG View Post
    If you are living in India then I am told that SBI is putting some restrictions soon to stop people from using Bitcoins to bribe others
    I doubt people use that in any large numbers, if true that'd be good but then the bigger issue is corruption itself. As for crypto, does anyone really care about the planet

    https://www.theguardian.com/technolo...ricity-ireland

    I can't support mining, never have & never will, so long as I care more about the environment.

  78. #158
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    Crossed USD 12K.


    Ki Mohammad (saw) sey wafa tu ney tou hum terey hain
    Yeh jahaan cheez kya hai Loh-o-Qalam tere hain

  79. #159
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    Crossed 20K today


    #Mein inko rolaonga

  80. #160
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    In other news ~ Over $50 Million In Bitcoin Stolen from NiceHash

    I think 80+ if that news of 20k per BTC is accurate!

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