Category Archives: Entertainment

Bitcoin will crashed to below $100 in March 2015 due to government auction of 50 thousand Bitcoin?

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If you’ve been following Bitcoin news lately, you would know today US Government announced another 50 thousand Bitcoin to be auctioned to the public. How much Bitcoin does the US Government have anyways? We probably don’t know, but it appears that they have a lot of Bitcoin to be auctioned a little bit each time, every so often. Why don’t the government also auction marijuana? well see that’s the thing government accept Bitcoin existent.

Based on historical data, anytime there’s a big auction like this, 50 thousand Bitcoin, it will surely hurt Bitcoin price slowly. At first the people get panic selling, then some will short sell days before happening, then finally whoever won the auction will most likely sell it little by little and thus causing Bitcoin price to tumble.

So what will the Bitcoin price be after the auction completed on March 2015? – most speculated to be below $100, then a surge in buying will risen up the price of Bitcoin again. Single digit is possible, but it will not be $50 because at this price we would see big surge in purchasing Bitcoin and will cause the price to go up $100 to $200 real fast. However there could those with amount of purchasing power to buy and sell to make a profit, similar to arbitrage.

It is also possible, and hopefully it is, that one of the Bitcoin exchange business such as Bitstamp and Coinbase will enter the auction and win it, otherwise it will fall into the wrong hand and could do harm to Bitcoin. I’m not saying that Coinbase will not do harm, but I feel much safe and better if one of the well known Bitcoin exchange won it, especially coinbase which had been doing a lot of improvements and development to publicize Bitcoin.

Biggest scam on ebay sad story for man loss £300 or $460 (USD)

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By now you would have probably heard a story about a man from Europe, Britain probably, won an auction for an Apple MAC Book for $460. Then what he got was just a box with a black and white picture of the Mac Book. A very cruel game, cruel scam for this man.

The story goes, he sold his surf board to buy this Mac Book for wedding picture business, start up, since his health no longer permit him to surf anymore due to illness and numerous times in and out of hospital. He did some research on the sellers as well, seeing that he had been an ebay members for numerous years but probably didn’t check the rating or feedback.

Well folks, I can assure you that Ebay will refund this man 100%, don’t you worry, because I am one of Ebay members doing great business on ebay. I can also assure you that investigation will be get launched and if indeed a scammer seller, most likely he will get his money frozen in paypal or somehow paypal will get the money.

The bottom line is, Ebay is a big business, they have big team of fraud detection and will investigate and take appropriate action. For seller and buyers there are protection. You just have follow Ebay guideline in order to qualified. What’s obvious about this particular item is I’m sure if the seller shipped with tracking # and the package have weight recorded and if the weight don’t add up to be a laptop then it’s obvious case seller is a scam artist.

http://www.mirror.co.uk/news/uk-news/man-buys-apple-macbook-ebay-5103124

So where did Bter.com hide the 7170 Bitcoin claimed got hacked?

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OK to the title to this blog entry isn’t funny, but honestly if we look at Bitcoin as non-regulated, then anything can happen and nobody can protect anybody, you’re on your own. However there are basic fundamental  steps that you can follow to protect your Bitcoin wallet  just like how you would protect your actual physical wallet. Would you leave it in plain site? would your have multiple people access to it?

What surprised me this time is that this is a cold wallet, meaning it’s not a live wallet connected to the internet for transactions. This cold wallet supposed to be off the network, or the internet, how does it get hacked? Here comes the conspiracy theory! Yeah sure, bter.com stolen the Bitcoin themselves and claimed it was hacked by hackers. Why would they do this? either to get more fame, to be more popular for a few days or weeks, and then all of a sudden back to business and put those bitcoin back to work but still claiming that hackers stolen those Bitcoins?

If this is true then very sad that Bitcoin have weak security or people just don’t care to protect their Bitcoin wallet with simple fundamental steps.

Now if we look at actual currencies USD, latest news indicated that $1 Billion stolen by hackers hacking about 100 banks, that’s a lot more than the amount of BTC claimed to got hacked over the years including MtGOX.

7170 BTC got stolen from our cold wallet in this transaction:

https://blockchain.info/tx/f5b0363f03e1ed8bb812c135361ea93590c831ce9f13a3750be1b93575baccc6

720 BTC bounty for chasing it back.

All wallets have been shut down and withdrawals of the unaffected coins will be arranged later.

BTER.com
Email:[email protected]
Phone:400-0070-955
QQ: 4000070955

Bitcoin GPU mining Finally paid off my Newegg credit card account with no interest

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During those days when Bitcoin price started to rise, I invested money in mining equipment specifically to mine Bitcoin. What other ways better than those GPU miner? Yep, I took advantage of the Newegg credit card with no interest for 12 months, and the 12 months was over today, my final payment of $250 to paid off done.

Yes, I did spent $3000 worth of GPU related mining equipment for a 12 months no interest. I split the monthly payment evenly to avoid interest and I made it. Each month $250 for 12 months. Now I got $250 a month spending power 🙂

It’s kind of cool that most credit card company allow you to buy things and pay monthly without interest for a year typically. I took advantage and I accomplished paying it, although I heard of many people couldn’t make the payment and in the end put themselves in further credit card debts. For me I did the calculation carefully, make sure I can afford it, and whatever it take to make that $250 a month, even if I have to work week end to make that $250 a month. Although during that time I was able to make more than $250 a month selling the bitcoin I mined.

Now a day, mining for are no longer profitable at this time. However people can continue mining, just make sure you can afford electricity by not selling any of your Bitcoin mined. Keep your Bitcoin safe, and maybe in the next 5 to 10 years it will rise to $1000 or more again.

Perk TV are very strict now a day in addition to lower points and videos streaming issue

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Just in case you are using Perk TV. Perk TV is an app for Android and IOS Apple iphone tablet for you to watch videos and performs certain task to earn points for gift card reward, such as Amazon gift card and Ebay. However recently the points earned has been decreased, and videos steaming has a lot of problems, and on top of that users account got cancelled even users haven’t done anything against the TOS.

Some say, PERK TV Farm are the people that are hurting Perk TV app business. Perk TV farm folks uses multiple accounts, multiple phones, hack tools and apps that can by pass phone, bypass watching video such Fast Forward and so on. Some think not. Perk farm people are following rules too. However many blame the points decreased of Perk TV farm people.

Now to the real problem with PERK TV. Video steaming problems. Some videos freeze and will force you reboot your device or force program to stop and restart. Some videos just in loading mode spinning circle and never load. If you don’t check your phone for these problems, your chances of earning any points is nothing, you will not earn much or any points if you encounter this problem all the time. Perk TV said they’ve upgraded their server, but performance appears to be the same, if not worse, we don’t really know if Perk TV upgraded their server.

Lastly there are rules and you must follow, Perk TV ways of detecting you’re not following rules, don’t think you can get away. You will flagged, and during reward redemption process is where Perk TV will cancel your account. The sad thing is they wait til the end when you redeem your gift card, your account got cancelled, so all your hard work for that $100 weeks and weeks gone with the wind, now that is mean. This is the reason many just request reward at very low balance, $5. Every $5 request reward right away. It’s better to loose $5 than $100 weeks and weeks of hard work. Once Perk TV cancelled, suspended, banned your account it’s pretty hard to get reinstated.

Here are a few things not to do. Never mix different internet connection such as your neighbor then your own or public wifi to access perk TV. Never add the 6th device. Never use Fast Forward or any cheats app for Perk TV. Phone # verification is questionable, some people said you can share one phone # for multiple account and will not get ding, however watch out for phone# that got cancelled on previous account, that might be flagged as well for cancellation.

So many good news about Bitcoin in the next coming years

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As more and more positive news on Bitcoin for the next coming years, hopefully it’s true that within the next 3 years Bitcoin will be widely adopted and use. However there are indeed bad news on Bitcoin as well, lets hope the good is greater than the bad. That’s the world we live in any ways, there are bad and there are good.

The latest positive news on Bitcoin is that “Larry Summers Likes the Idea of Bitcoin” This is the Silicon valley guy on economics and growth analyst people. If we have more people like him speaks positive about Bitcoin, will surely help Bitcoin stability and rise.

Off course we also have negative news about Bitcoin. The latest is that Hong Kong Bitcoin exchange firm or so call MyCoin disappeared indeed. Yes police report has been filed by many people. Since Bitcoin is not regulated, but there are rules and regulation in regard to its standard business. I’m sure the owner(s) and staff(s) will get caught and be brought to the court of law.

Tell Congress to Support Small Business Exports

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Only one thing I can say about this “tell your Members of Congress that you support new trade policies that open up markets and enable small U.S. businesses to grow and create jobs”

I’ve done business online, mostly being a freelancer. However lately I’ve done business on ebay selling anything from electronics to virtual currency such as Bitcoin and Dogecoins. Once in a while I do have international customers, but through the Ebay international shipping process, the transaction was smooth because Ebay took care of everything from there on to the international customers.

To help out everyone doing business online, including ebay. There are many associated fees already, and if there are more fees, and more rules to follow, many small business will fail miserably, so please support this action. If you receive a message asking to take by contacting your congress people to “tell your Members of Congress that you support new trade policies that open up markets and enable small U.S. businesses to grow and create jobs”

Dear Main Street Member,

Small businesses using the Internet to sell globally aren’t reaching their full export potential because a majority of the world’s trade laws were developed in a “pre-Internet” era and current policies make it difficult for many U.S. small businesses to sell internationally. For years, eBay Inc. has pushed policymakers to eliminate these artificial barriers to e-commerce, but now we need YOUR help.

Congress will soon debate changes to our nation’s trade policies that will affect small U.S. businesses. Click here to tell your Members of Congress that you support new trade policies that open up markets and enable small U.S. businesses to grow and create jobs.

Your involvement makes a difference.

Sincerely,

The eBay Inc. Government Relations Team

Will Bitcoin crashed again deeper with the news of Hong Kong bitcoin exchange disappeared?

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By now, you must have heard about the Bitcoin related Exchange in Hong Kong disappeared with half million or so people’s money. Somehow it is related to Bitcoin, or is it Bitcoin Exchange. This is the risk people know about Bitcoin, the unregulated virtual currencies, some now believe it’s really a ponzi scheme scam. NOT! I think not, I don’t think Bitcoin is a ponzi scheme scam. If it is then everyone else on earth is a scam then 🙂

Bitcoin had been in the negative side for over a year now, up a little, big crashed, up a little, big crashed, and kept on doing this for over a year already. Who can save Bitcoin?

Myself and many other Bitcoin enthusiast I’m sure would agreed that Bitcoin will never died, as long as there is one miner or one transaction or one wallet still exist, it will never died, and in fact today it’s next to impossible to get rid of Bitcoin because there are so many wallets already downloaded and active … I’m not going into the detail because I’m not an expert, but I’m sure you know what I mean on how Bitcoin was made and exist.

So with this news on the disappearance of Hong Kong Bitcoin Exchange or so call Mycoin should have cause Bitcoin price to tumble, but surprisingly Bitcoin maintain its $220 mark. What will happen in the next of days or weeks we don’t know. For sure what we know Mycoin Hong Kong Bitcoin disappeared according to the news.

So is Hong Kong Bitcoin Exchange Mycoin similar to Coinbase, Bitstamp and others? Yes, I think so. So if this happened in Hong Kong, can the same thing happen to Coinbase? Yes off course why not? But at least in Americas there are court of law. Will it happen to Coinbase? Yes possibly but for sure there will be some sign of it will fall apart before it will fall apart. What were the indication if any that Hong Kong based Bitcoin Mycoin closing? we could learn from this.

It is best to upgrade your Perk TV app to latest version

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Perk TV version 1.29 or 1.2.9 you will never see the “Are you still watching” then you have to click on “Yes” but guess what? You’re not earning any points, zip, nada, nothing, no points at all if you’re running 1.29 1.2.9, now if you upgraded it but not to the latest, you will get points for some, but not all. Some of the advertisement will give you an error message saying you have to update Perk TV, your version no longer supported and yeah no points.

So it’s best to upgrade to newer version a week after new version published, doesn’t have to be right away, and in fact it’s better to wait a few days to week for the new version being uses by the community to see any side effect before installing on your device.

Perk TV is no scam by the way, you earn points, convert points to giftcard. Just that you’re earning less and less each months or so as more and more users are joining and those Perk TV farm people are really taking advantage and what causing the small amount of points earned than before. So call Perk TV farm will soon see the effect of Are you still watching, hope they will drop off the network for kind of like cheating but to be nice, they’re just taking advantage to earn more points. People with 8 phones claimed it paid for groceries and gas, if that’s so then what earning for those that have 100 phones? well good luck managing 100 phones 🙂

make money running perk tv on your phone

make money running perk tv on your phone

Now the new PERK TV version 1.9.9 at the moment, appears to have the are you still watching less than the previous version, however points are being decreased by half. Well if we look back at history, 10 points, then 8, then 7, then 5, then 4, then now fluctuated between 1 to 3, I haven’t seen any zero yet, maybe those that have zero point because they’re using older version of Perk TV.

Is this the world largest Bitcoin mining operations?

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This is probably one of the biggest Bitcoin mining operations in the world. This one is in China, located in a perfect place where cheap power and cool climate for running these mining rigs.

This Bitcoin mining operation claimed to paid $80K (usd) in electric bill a month, and about 4000BTC mined monthly. So if you do the match, you will see that they’re in the profit, however we need to factor in the initial investments, and rent employees working there. Appears that these employees are being paid well. These employees must have computer skill, will train on maintenance of the Bitcoin miners.

At the current price of Bitcoin $230, this operation are making about $1 million dollars worth of Bitcoin monthly. Now imagine if the price of Bitcoin is at $1000, that’s very profit if Bitcoin price ever to go back up again to $1000.

I started mining Bitcoin with a computer, making a couple Bitcoin a day, and then the difficulty increased, so hard to make bitcoin, I had to abandon my computer and get many GPUs but still making less Bitcoin like 1 btc a week. Then ASIC came out and I had to abandon GPU and use ASIC. Then now with Bitcoin at $200, even with ASIC I’m not making any money to pay for electricity, and so I had to abandon ASIC also, and now just hold a few Bitcoin waiting for it to go back up hopefully at $1000 then I cash it out. Yes everyone is saying Bitcoin will be up over $1000 eventually, for sure not in the next couple of years, maybe 5 to 10 years. I think I can wait 🙂

http://www.coindesk.com/video-vice-tours-bitcoin-mine-china/

the world largest bitcoin mining operation in dalian china

the world largest bitcoin mining operation in dalian china