We are back guys  |
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Can you idiot traders just stop dumping after it goes up 5 dollars? Just give it some damn room to grow for once. Don't worry, you won't get poorer if the price goes up.
There is some fear in people yet. |
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 Smart girl. Listen to her! In bob we trust. |
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Fast sale |
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Shadowcash did it first |
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I think the only way bitcoin adoption can really grow at this point is only if BTC become useful for something. Nobody wants to invest on something such risky now.
Bitcoin is very useful. It serves the same kind of uses that paypal serves except that bitcoin does not rely on any central authority to keep track of users' balances (when you use paypal, the operators of paypal will keep track of your balance for you - and manipulate it if they choose to do so). |
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I have long suspected that the conspiracy of making ISIS as a weapon to destroy the Islamic countries, american made these in order to control the arab countries, as we know that the Arab countries have a lot of oil as an energy supply, it makes Americans want control of the oil energy, so that they will determine world oil prices as we all know who controls the energy that is ruling the world ... America has done it ...  I would doubt this. The ISIS is killing Christians (the most common religion of the western world) and attacking westerners. If this were true then the CIA would essentially be terrorizing Americans, which I don't think anyone in the CIA would be willing to do, even if ordered to do so |
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Here's the idea:
Bitcoin was a hot subject in the mass media in 2013. Now the subject is old and there isn't much more eye catching to write about. People outside this forum don't really care about new merchant adaption, and that is the reason why news like that won't cause the price to rise. What people want to read is about innovation and new heart braking stories about janitors becoming millionaires. These are the stories that attract readers, and stories that bring new speculators to the game.
So, with this reasoning, I find that it would be best for the cryptocurrency market in general, to start promoting a new cryptocurrency model. It would get cryptocurrency some fresh attention, meaning new investors may join. If we offer a new cryptocurrency, that would solve the problems of extremely wasteful mining and volatility issues that stopped bitcoin from being a practical financial tool.
I understand that some of you have strong feelings for bitcoin. I understand that it brought you easy riches and it feels great to be part of something new. But, bitcoin wouldn't mind if you get past her and move forward. Bitcoin will always be remembered in history as the first that started all of this.
So, suck it up and stop being crybabies about your beloved bitcoin. Let's keep the subject fresh and hot, and let's keep our net worths rising.
All coins are linked. So when BTC goes down, all coins worth goes down, and opposite. Difference is, that BTC is most stable, since is oldest and have most adoption already. That means you will earn least on long term and you wil have least chances you will lose on long term. What you can do is, to research of altcoins and see, which brings something new, that BTC developers can not add into BTC, and will live side by side with BTC. Just take time and research.The prices of altcoins are generally linked to BTC, but they also generally go down in terms of BTC when the USD/BTC price goes down, and they do not generally recover as much in terms of BTC when BTC/USD goes up. |
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The most likely result of Russia going to war with any other Super Power is the end of the world (or something close to it). I would not consider this to be good in any regard. |
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http://news.yahoo.com/record-breaking-contemporary-art-103321463.htmlThe proper way to read pieces like this is to understand that the price of art is difficult for governments to manipulate unlike gold, fiat, or even crypto to some extent. The rich are parking their money in art not as an investment but just as a place to hold value. When the price of art is rising, understand that the art isn't necessarily getting more valuable but its price in fiat is changing as a hidden sign of inflation. As mentioned above the price of art is likely influenced by inflation greatly. Also I don't think people use art as a store of value because it is so illiquid meaning if a lot of it is to be sold at once then they will experience a lot of slippage. |
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Therefore a 60,000,000 increase in global population
And its mathematically impossible for each of those individuals to ever own a full bitcoin.
What's wrong with that? It's also impossible for them to have, say, a ton of gold. In theory it is possible if enough gold can be mined (it is not known 100% where all the gold deposits are). There is however a hard limit as to how much bitcoin can be mined. I don't think the world population will reach this level as overcrowding and overuse of world resources will prevent the population from getting this large |
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This is not a good goal to have for bitcoin. If too high of all bitcoin related trade is done on blackmarkets then bitcoin will be much more heavily regulated (including the ability to buy and sell bitcoin with fiat) which will decrease it's value.
I would argue this is what happened when Gox's $5 million account was seized last year - it was too easy to take bitcoin from SR and sell it on Gox
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The price of bitcoin went up ~$45 in the hours after this was announced so I would say this is good news for bitcoin.
The exact details of how this will work is still murky so I am not sure if users will be able to exchange their bitcoin for PP funds (or exactly how the two will merge)
EDIT: I do believe the devil will be in the details for PP accepting bitcoin
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No one will be mining in 70 years unless Bitcoin is worth a ton of money. So it is do or die for the Bitcoin exchange rate. Otherwise we will never mine all of them.... unless we will have a difficulty decrease  You don't get it. There will always be someone doing the job, because if few people are doing it, the ones doing it will get a lot of reward. It gets itself balanced. Satoshi had it all planned. I think his point is that the block reward will be very little in 70 years (and is also predicting that TX fees will not increase substantially) therefore even with a low difficulty there would not be much money to be made via mining unless the price of bitcoin is very high. I personally think that TX volume (and TX fees) will increase substantially over the years making the block subsidy less important |
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Buying in april would also mean buying at the end of a large price spike. If you had purchased even a few weeks (or a month or two) earlier then you could have purchased a lot more (with BTC=20 you would have purchased 65 BTC = ~29k today, with BTC=13 you would have purchased 100 BTC = ~43k today).
Even though you paid in fiat for the machine you could have used that fiat to buy bitcoin
Good point. I didn't actually give Bitcoin serious thought until March 11, 2013 (the day of the chain fork on version .8, which happened minutes after I finished my all-day download of the core client!), so unfortunately those weren't options for me anyway, but you're right. At almost any point buying BTC would have been better than mining, except under CPU/GPU conditions. Again, didn't learn that until after my first experience with BFL, but I still made a profit, so I'm not upset at the lost opportunity because it's too late to do anything about it. It is still, in theory profitable for people to mine, you just need to by the right equipment and have enough to invest. The reason that CPU/GPU mining was so profitable is that CPUs and GPUs really never lost all their value in the same way that ASICs do. When an ASIC can no longer economically mine it will become essentially worthless while there are other uses for CPUs and GPUs therefore there is a market for them. |
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Just an fyi, THERE IS NO REASON WHAT SO EVER FOR A COMPANY TO MINE REAL BTC! Not when there exists test net btc. I know the hardware needs testing, hence the testnet btc.. mines fake btc just as hard as the real.. sorta.  Icon This would increase expenses for them because mining on the test net would still require electricity but would generate no revenue. The test net is also not the best place to be testing new miners as the difficulty resets if a block is not found within (I believe it is) 30 minutes, which would likely have adverse affects on testing. |
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Another, but much stronger point is the fact that anyone in a position to oppose the federal reserve system would likely be in a position to have priority in boarding the lifeboats so the chances of him dying would have been small in the event the ship were to sink in the way the titanic did.
Bingo! Anyone that would have the influence that could stop the federal reserve from starting would certainly have the influence to get a seat on a lifeboat. I would agree with this as well. I don't think that anyone would could prevent the FED from coming into existence would not have the ability or the common sense to be able to get their ass on a life boat. Sure because buying a life boat is easy when you have none and you are in the middle of the Atlantic  There were life boats on the titantic (there were a very limited supply, but there were still some). I think if someone has the ability to stop the FED from coming into existence they would probably have enough money to "buy" a seat on a lifeboat |
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China has a major demographic problem because of the one child policy. Soon, it will have too much old people, a lowering of its active population and growing problems, just like Japan and now Europe.
That is still better than country with exploding population with no ability to feed themselves and have to export the workers abroad to work as slaves.I think this is a little extreme. I do agree that China'a one child policy is good to keep their population levels in line with their resources and ability to feed their people, but as it is now they do not have this problem nor would they have it with slightly higher population levels. A larger population also allows them to exert influence over others as they simply engage in a lot of commerce |
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