it's a paradox... People are frightened by volatility, but the more people adopt Bitcoin, the volume increases and the currency becomes less volatile. The money in crypto is still relatively too small.
Yes, we have said it time and again. Increase in Bitcoin usage will result to increase in Bitcoin volume, and decreased volatility. Thanks for the take |
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Your story almost same with me
In quarter two 2017, I quit from my job even though i have high position as director and high salary, in that time i just think i want to build my own start up and i have capital using bitcoin for around 20 BTC. I put my wish with my startup staff too much while their quality is very low(i realize after bankruptcy), one year with my small startup cost me some bitcoin, and in the end of 2018 i decide to close my startup and bankrupt. Owh this is so hard for me, i dont have any salary or income and then have to live with this.
My wife's also told me that she believed that bitcoin price will increase around june or july, she told me to keep bitcoin for later and live with very minimum cost. I also believe with bitcoin price will increase, but i can not enjoy the time when my family and child live in bad environtment and without support from everyone around me, i sold my 15 bitcoin for around $4500- $5000 just for move to another city and for living cost.
Now i still have a debt, and still not work for more than 4 month after my bankrupty, sometimes i got food and sometimes not.
The lesson from my experience are
1. Don't judge people easily, and tell everyone keep coin keep coin. Everyone have their need
2. Don't ever accept people with low quality into your startup or job
3. Don't ever accept people because of your pity to him
4. Don't get depressed while something bad happened, come back again and show you are great
bro dantee1, i know and i believe you can come back. Good luck bro
Your story is really touching and I salute you for your courage. True courage in the face of trial is what brings out the best in any human being. I admire your spirit. I lost a startup late last year too, after I have spent well over $100,000 in it. I even sold my website that generates $2,000 monthly from Adsense (which was my source of income) just to finance the startup. In the end, the startup still failed. Some people were attacking me here, asking why didn't I sell half and leave half. Well, they simply don't know what my needs were, and how much I needed to survive at that time. The good news is that I am on my way to bounce back. Thanks all for the encouragements. |
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I found the direct quote from theymos, and here's it below 1, 2, and 4 exist in the staff forum. 3 was permanently deleted at some point (it must have contained Satoshi's real name and address). In case it wasn't obvious enough that he was joking, he also clarified it in this post: It's called a joke.  Why would someone who has gone to such great lengths to hide his identity, name, address, IPs, etc. then openly post his name and address anywhere online, let alone on a forum he was about to open to the public and give other people access to? It makes no sense. Far more likely is that he was simply testing out the trash can and moderator functions on deleting threads. Oh really? To be honest, I didn't know it was a joke. theymos must be a jackass  |
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There are Japanese in forex forum I sometimes visit and I can see they write perfect grammar. Nothing unusual for a person to learn English as 2nd language.
There is no real information about Satoshi but just the things he created. He may not be an American either nor a European unless he will prove himself. No matter what his nationality may be, the crypto community will still be grateful to his product.
No one is disputing that a Japanese or someone from anywhere else could learn English as the second language and be good at it. Anyone could learn English from anywhere, speaks, and write at near perfection. What we are saying in this context is that somehow the evidence would be seen in the written words. If you read what English speaking Indian has written, you would know this is an Indian. Same thing with Korean, Chinese, Russian, etc. It is difficult to suppress the mother tongue no matter how good you are with the second language. American of Japanese descent is not the same as Japanese American. Again, Bitcoin is a much complex project that a Japanese inventor won't resist using Japanese language and characters in some of the codes and content. And deploying Japanese names as a way to camouflage his real identity should tell everyone he isn't from that origin. Nakamoto claimed to be a 37-year-old male who lived in Japan, but some speculated he was unlikely to be Japanese due to his use of perfect English and his bitcoin software not being documented or labelled in Japanese.
Occasional British English spelling and terminology (such as the phrase "bloody hard") in both source code comments and forum postings led to speculation that Nakamoto, or at least one individual in the consortium claiming to be him, was of Commonwealth origin. |
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you can not possibly know that. just like we can not know who Satoshi really is. just being good at writing in English doesn't mean English is not someone's second language! Where he explained that certain set of first, second, and forth posts were permanently deleted because they probably contains Satoshi's real names and address.
i have never heard this one before! do you have a source for this? it is kind of hard to believe someone voluntarily publishes his real name and "address" on a public forum for no reason. and if that someone is Satoshi (a pseudo name chosen to protect the real identity) it becomes even less believable. I found the direct quote from theymos, and here's it below 1, 2, and 4 exist in the staff forum. 3 was permanently deleted at some point (it must have contained Satoshi's real name and address). |
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Forget about what his wiki page is saying or whatever we have read about him. Reading through Satoshi's post on this forum, anyone with common sense and good understanding of English language could see clearly that the Bitcoin founder is by no means a Japanese. I spent the whole day reading through them, and here are some outstanding posts he made prior to his disappearance. The perfect use of English is telling and undeniable. A longer interval than 10 minutes would be appropriate for BitDNS.
So far in this discussion there's already a lot of housekeeping data required. It will be much easier if you can freely use all the space you need without worrying about paying fees for expensive space in Bitcoin's chain. Some transactions:
Changing the IP record.
Name change. A domain object could entitle you to one domain, and you could change it at will to any name that isn't taken. This would encourage users to free up names they don't want anymore. Generated domains start out blank and the miner sells it to someone who changes it to what they want.
Renewal. Could be free, or maybe require consuming another domain object to renew. In that case, domain objects (domaincoins?) could represent the right to own a domain for a year. The spent fee goes to the miners in the next block fee. Piling every proof-of-work quorum system in the world into one dataset doesn't scale.
Bitcoin and BitDNS can be used separately. Users shouldn't have to download all of both to use one or the other. BitDNS users may not want to download everything the next several unrelated networks decide to pile in either.
The networks need to have separate fates. BitDNS users might be completely liberal about adding any large data features since relatively few domain registrars are needed, while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices.
Fears about securely buying domains with Bitcoins are a red herring. It's easy to trade Bitcoins for other non-repudiable commodities.
If you're still worried about it, it's cryptographically possible to make a risk free trade. The two parties would set up transactions on both sides such that when they both sign the transactions, the second signer's signature triggers the release of both. The second signer can't release one without releasing the other. Again, it seems that even @theymos may probably know his true identity (real names and address) according to a forum comment he made in 2010. Where he explained that certain set of first, second, and forth posts were permanently deleted because they probably contains Satoshi's real names and address. |
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@dantee1
At first I wondered why so many people mentioned $100k. Then I understood why: it's because they did some statistics with the previous Halving.
Anyway, it's statistically possible, but I'll see more at the $75k level. However, if it happens, it will happen after halving. Because the climb is always visible after.
There's a lot of news that Bitcoin is totally immune to now. ET Trump is far from being an authority in this field, I wouldn't worry much as long he doesn't tweet anti-bitcoin like a freak.
Facebook has revised its ambitions with Libra, they admit that it is too difficult for them considering the current legislation. I wouldn't be surprised if the project dies before to be finished.
Facebook is in a difficult situation with Libra. Looks pretty much like it has been rejected even before the projects completion. What makes Bitcoin what it is today is the decentralized nature and no one will take away that. |
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I've sold tons of Bitcoin at around $200 and also sold even more ETH at around $5-$10 a coin. I sold because at the time it looked like a fair price and I needed to money to pay for electricity and buy more GPUs.
Yes if I've held till now I would definately get much more for it but you can't predict the future. At the time BTC when it traded around $200 it looked like it would break $200 support and head into the $100 area and maybe even double digits. And ETH at the time of the DAO hack was not looking good either, and it could of went back to $1 ETH a coin.
Sure if I knew what the future would bring I've obviously would of held but I didn't. Same with you selling at $3000. You said you knew it was going to go up but how sure were you? Not very. It could of went to $2000 then $1000 and you wouldn't be able to buy food like you've meantioned.
Yes, you are right. Even though I had the feeling that Bitcoin was going to rise, and even advised some people to hold, still it doesn't mean I know for sure what the future of Bitcoin would be. Thank you for the perspective. |
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It's really sad the level of fraud people are committing with Bitcoin. How come they were able to pull off scam on over 10 million investors? On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities after they managed to fleece unwitting customers out of roughly $3 billion. PlusToken, as it was called, promised its “investors” monthly returns of anywhere from 10 to 30 percent in its eponymous token (PLUS), which traded on such popular exchanges as Huobi and Bithumb. This attracted more than 200,000 bitcoin (1 percent of the outstanding supply, or the entirety of the Winklevi’s bitcoin holdings), 789,000 ether and 26 million EOS. As of this report, the ringleader of the operation is still at large and funds are still on the move. Mugshots of the six arrested team members. The racket reeks of the same chicanery and unrealistic promises of returns as the Ponzi scheme tied to now-defunct BitConnect, though to a drastically escalated scale. At its peak, BitConnect was only worth just north of $121 million. PlusToken, trading publicly across a number of popular Chinese exchanges, achieved a $17 billion valuation. With an all-time high of $340 a token, this would have made it the third-largest asset on CoinMarketCap if it were listed. More details at:- https://bitcoinmagazine.com/articles/how-the-plustoken-scam-absconded-with-over-1-percent-of-the-bitcoin-supply |
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We hope that Bitcoin keeps moving from strength to strength as the future of currency. We simply wants stability, not necessarily non stop upwards movement. Many industry experts are predicting $100k in the next few years and there are some credence to that. Here's another bold prediction from Anthony Pompliano. The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital.
If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction. If this will happen then I’ll become a millionaire in our own currency?then I will be waiting 😂 I a always positive about the future of bitcoin as a never stop holding (but in some cases I sell and buy again the next drop of price and I think normal for small investor)now what I am waiting is even smaller than 100$k,I think after halving we can see more growth and surpass the recorded highest price last December Hope you remember me when you do become a millionaire in your currency? |
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That's really inspiring mate. I must say that you have done a really nice job by keeping your perspective positive about it.
That's really a good quality. Money is made to make our life easier. Life should be our first priority.
Thank you for the kind comment, and nice to hear the post was inspiring, that was the purpose. I have earned and bought some couple of Bitcoins since then. Still much more to earn in the days ahead. |
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In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017. Date Registered: October 13, 2018 registration date checks out. proof or it didn't happen.  You must be one hell of a myopic human being. The date I registered at Bitcointalk is an indicative of when I started dealing with Bitcoin? Seems you really loves making "figment of your ass" for sure. |
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Not sure of the accurate data but somewhat 89% of Sportbooks and online Casinos are privately funded. Even the giants like Bet365 was privately funded too. If you are considering to invest in this sector, the best bet is to raise capital by offering private equities to close friends and family who believes in your dream.
Private equity is always base on trust more than anything else, because you are dealing with people you know, and that knows you as well. As for token, it's always hard to pull that off. And sometimes, Casinos and Sportsbooks who choose to go through that route may have problems along the line.
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The next country should be the USA as some in the congress are beginning to understand that Bitcoin is here to stay, and for good.
During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile.
“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said.
Therefore, from the way things are going in the Senate, and considering the sheer number of Americans interested in Bitcoin, I won't be surprised if we become the next country to fully adopt Bitcoin.
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Well, no doubt I would have gotten $20,000+ if I had retained the coin till now, but what if my family died of hunger? Money is as good as the problem it was able to solve, that's the lesson I want everyone to learn here.
Yes, sometimes we need to sell part of our assets for the family. Because sometimes without us knowing, the fortune or money we receive is not only our personal possession. There are other people's rights in it. If I had option to sell some and retain some, I would have taken it. I simply did not have such privileged option as at that time. Like I said in the original post, I knew the price was going to rise as I have been good at predicting Bitcoin movement. So, It was not about ignorance, it was about problems at hands at that time. Right now, I am gearing up for the future trends as you can see from the recent post I made https://bitcointalk.org/index.php?topic=5177218.0Again, I am not in anyway regretting the sale. I was just stating my experience for others to learn from it |
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If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.
But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks
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In January 2016 when Bitcoin was trading around $300+, I predicted it was going to bump to $1,000 by the next January (2017). It almost did as Bitcoin ended January 2017 at more than $900, few dollars shy of my actual prediction. Then I predicted again it was going to hit $20,000 in December 2017. Again, my prediction came short with less than $400 USD at $19,650 in 15 December 2017. After that, Bitcoin began a downward spiral and people started panicking. Everyone was prediction the end of Bitcoin.
Then again, in 14th December 2018 when Bitcoin was trading at $3,100, I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months. Everybody in the room thought it was a joke. Here we are, just 9 months after the prediction, Bitcoin has traded at $11,000+. It is important to note that I made those predictions base on pure instincts and by observing market trends.
Now, I am making another bold prediction. This time, a long-term prediction, that Bitcoin will finally hit $100,000 before December 2022. Who agrees with me on this?
I was expecting Bitcoin to crash in July this year when Trump Tweeted his lack of faith in Cryptocurrency, but it didn't. That was a clear indication that Bitcoin has come of age. That no single person nor single policy is capable to bring the price down, rather the price is decided by the people's sentiments.
Effects of USD - One thing that will push the rise of Bitcoin to 100k per coin is the number of dollars in circulation. Bitcoin’s price (in dollars) will continue to rise exponentially as the number of dollars in circulation rises exponentially.
If the Federal Reserve continues printing dollars exponentially, the dollar price of Bitcoin will continue to rise exponentially, so eventually it will reach $100,000 per coin. And that is what is going to happen over the next few years. Why? Because the Fed and other central banks around the world believes that printing more currency bills will help boost the economy.
The effect of printing so many dollars is that the price of all goods and services (measured in dollars) will eventually rise to match the number of dollars printed. And Bitcoin is no exception, even though it's not a consumable asset.
Increased Awareness - As more and more people become aware of Cryptocurrency, the demand to buy into Bitcoin will increase, and that will help push the price even higher. Report shows that only 11% of Americans currently owns Bitcoin, while 88% have heard of it. It is estimated that the percentage of Americans who will own bitcoin in 2022 may increase to 50%. If the price continues to rise base on demand, 400% increase from the current number of ownerships will put the Bitcoin price at $50,000.
Time to Buy and Hold Some
While I am a strong advocate of releasing Bitcoin into circulation. I find it hard to resist the temptation to encourage you to start holding some amount of Bitcoin for the impending payday as we continue to watch and see where the market is heading to.
This may not be the best time to buy but you can still buy anyways.
Cheers!
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No one knows the best time to buy bitcoin. Just buy when you have the money.
Cheers!
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If you have proof of your account balance you can submit your claim to Game Protect and we will enforce it.
Mr. Enforcer! How many have you enforced ? |
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Who would believe that such nasty battle was going on between Stake and Bitslar behind the scene? On the surface, you think everyone was minding their business. Sometimes, you simply don't know what businesses are going through behind the scene. Some people thinks that being a business owner/founder is fun, it's not.
If business owners tells you what they go through on daily basis just to maintain and keep their business running, you'd prefer to just be an employee.
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