Bitcoin is bought and mined primarily in China, they don't care about $300, they care about 2000 Yuan. I think we will reach 200Yuan in the next week  The next 48h could be critical, if Greece screws up, if not, Bitcoin is still on the up, just not as fast. |
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We have reached the first sell off   After this rockets are ready for moon lift off  If I had a bitcoin for every time I seen this chart posted I'd be richer then satoshi but I do have to agree with you. Bears will be trapped good soon. The guy who made that chart should've copyrighted it, and should ask a fee for people to use it lol. If the chart is at all appropriate, we are at the back to mean phase from the last cycle! That looks pretty clear to me anyway. Hopefully we can start a nice new cycle, with an bigger peak and no massive crash afterwards, then we can never see this stupid chart again! |
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The article is correct, but only in that we will have to increase fees time and time again to get around the limitation. One of the beauties of Bitcoin is the low cost, we don't want companies coming in and paying far higher fees, meaning we have to too. I have no problem with the standard fees, but once we get up to 10mBTC or so, it will be expensive to move money around and a big negative for spending. |
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I was thinking the bitcoin tonight, and the scenario for the future that I imagined is very nice.
It is not yet time to bitcoin, as is already 'happened to mobile phones, smartphones, the Internet and email,
The bitcoin will be 'widely used when we're old, good and caring grandparents s who will donate some mbtc to our grandchildren for Christmas or birthday. We have to wait about 20 years i think for this scenario
Do you remember the beginning of mobile phones, internet and email. All the new tech that nerds loved but to much trouble to make it useful to ordinary folks. Kind of like bitcoin is today. All those pioners are gone now and companies that was able to make things useful to the masses have taken over. I think this will be the future for bitcoin to. Onle a few old farts will remember it while a new and userfriendly crypto is adapted by everyone. The problem is that the pioneers, Motorola, Nokia, Ericsson for mobiles and AOL, Yahoo etc for the internet are largely unused today. That 'could' be the case with Bitcoin too, maybe one day people will laugh at how people used Bitcoin, when some other coin makes bitcoin looks old, slow and pathetic! Even if we do become the AOL of cryptocurrencies, I would expect a far higher value of BTC for a long time to come, before a slow decline as other cryptocurrencies rise. |
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The fees must go up or some measure to kill spamers.
Larger blocks does not prevent spammers.....
The higher the blocksize, the more transactions can be processed and the more expensive a spam attack is per minute. But it is all a nominal amount of money in the grand scheme of things. Bitcoin should be secure against government attacks, let alone someone with a few grand lying around. If it currently costs a few thousand $ to clog up the blockchain, even increasing it 20 fold wouldn't stop someone with deep pockets. A work around needs to be found, not just a simple block size increase (though that should happen too) |
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Very representative of society.
Most people that i know don't care about bitcoin, worse, they laugh at it and make jokes about anyone involved.
Not saying this is representative but at least i have a bigger sample size.
I also mentioned Bitcoin last week to a freind of mine last week, when i couldn'd find a cash machine and I said I had Bitcoin in my wallet that I could use. They scoffed and said "Do you still have bitcoin.. ha!" I'm not sure everyone has jumped on board yet! |
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If EUR was to become equal to USD panic will start because that would be huge news. People remember that EUR is typically worth a bit more than 1 USD. When they hear it's equal they will start converting their euros into dollars and bitcoins which will further accelerate the fall of EUR. EUR is in dead cat bounce, see this topic: https://bitcointalk.org/index.php?topic=1112770.0Why should removing the weakest link from a currency reduce the value of the currency? The fact that people think that a € is worth more than a $ is meaningless, it also wasn't always the case (e.g. 2002) The Euro might before more localized to northern Europe, but it isn't going anywhere soon, or at least not long before the USD goes down! |
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But no trades as of 11am!
It says that regulations mean that as soon as an ETN is available to trade anywhere in the world, they can be traded in Germany, as long as there is interest.
It is good that people have more opportunities to buy, lets see if people actually make use of them though.
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Snapchat is was the most popular app of 2014. So it might have the sum of 15 million. But Bitcoin is way more undervalued , keeping in mind that it's one of its kind. Startups tend to be overvalued since they always highlight their GMV , the Gross Merchandise Value, not the actual one.
More undervalued, you mean you think snapchat is undervalued at $15bil? They will never make a decent profit, they will get lots of users and as soon as they try to monetize them, they will leave! Whatsapp try to charge like $1 a year, and people still get annoyed! Who actually clicks these adverts enough that each user is worth $1000? |
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I think the correlation between their stock crash and bitcoin, litecoin price surges is obvious.
Asian stock market frenzy spills over into crypto.
H.
2nd biggest economy in the world loses 30% off it's stock markets, and bitcoin rises $30.. I am not sure they can really be correlated, the increase is almost meaningless on that kind of scale, China frequently prints more money to back the markets in a day than the Bitcoin total value! |
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In Germany you have to pay tax if you hold them for less than 1 year.
That might be different if you won them, but I wouldn't want to explain bitcoin gambling winnings to the IRS either!
It's a very grey zone, but I guess you will keep it all if you are smart about it
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So just getting all of someones satoshis together takes up an entire block and crashes block explorers?
Why is it being marked as a double spend by blockchain.info?
Seems weird to me, with stress tests and forks recently there have been a few mishaps in the last few days, this seems like another.
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Well short term it seems that Greece is giving bitcoin a nice boost!
We've been to $275, lets see if we hit 300 in the next day or so.
Who knows, maybe this willl get Greece a better deal from the EU... or maybe Grexit and bitcoin to the moon
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i think what you can afford to lose would be good for investment till you know its cons and pros:)
Then afterwards they should invest more than they can afford to lose? I would invest a) what I can afford to lose and b) about 50% of my total investment portfolio if I really wanted to be in Bitcoin big. I have recently increased my investment, I think I need to get a hardware wallet before investing more though, strong passwords and 2FA on a clean PC are all good any well, but people have ways and means, so I don't want to be in too deep before I can properly protect my investment. |
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This situation looks like my "catastrophe scenario" on Bitcoin Network. https://bitcointalk.org/index.php?topic=1087583There were 2 major chains (1 was legit, the other one wasn't by Chinese miners). For now "miners" integrated into Main chain, But what would happen if they insisted on their chain? You have to differ between miners and pools. If pools would go rough, the miners would most probably go to another pool. Miners would suffer the most from such a blockchain war, since they have all this expensive hardware, which is worthless without Bitcoin. It does sound quite a worrying situation that some pools can so easily and accidently go rogue and basically make all transactions questionable. Imagine if they or someone else decided to try to mess up the network, 30 confirmations is a very long time to wait. I have updated my qt and will wait a while before using electrum, I won't be spending any BTC until this evening anyway. |
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Lots of people just think of Bitcoin as a mobile payment system, just like Paypal.
It's always good for there non-bitcoin entities to show thier real colours in moves like this.
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Europe can’t afford to loose Greece.
Politically Europe will look very weak if they can’ t keep it together.
Europe looks weaker economically with Greece involved. I think both sides should see this as a positive, it is like an abusive relationship, it isn't productive for either side. What they should do is leave the Euro, stay in the EU, try to get their house in order and maybe re-apply in 20 years or so. What they probably will do is stay in the Euro and suffer badly for the next 50 years through constant cuts and bailouts stunding any chance of a recovery. |
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I don't know, is it? I would assume not, as we would have heard otherwise, and you would have just said that the UK ETF is now available. Tell us about Coinfloor and why you consider it to the the UKs ETF, then we can judge for ourselves! |
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I think these sort of ideas are cheap and make Bitcoin look bad.
I could post a few pounds to them, or transfer some money to them with Paypal, I would expect that they would either ignore it, or immediately transfer the money to Euros and forget about how they got it.
The amount people will get will be faucet-esque, generally a few cents. It won't be worth their while, and if they get more, then it is probably just a few famous greeks who will do well from it, and the masses will go on getting screwed.
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Bitcoin Foundation Blew $4.6 Million in 10 Months
The Bitcoin Foundation(TBF) Founding Director Jon Matonis explains the $4.6m loss in 2014. Funds were drained by exorbitant monthly expenses, conferences and the falling price of bitcoin. Today the ex-VISA employee advises Bitcoin entrepreneurs on funding.
The role of the organization that introduced lobbying to Bitcoin and attempted to meme-ify titles for Bitcoin developers remains ambiguous. Despite recent announcements purpotting a change in focus towards development, questions remain unanswered. Like, what happened to the 5800 bitcoin mentioned in their 2014 transparency documents?
Full article here... https://www.cryptocoinsnews.com/bitcoin-foundation-blew-5800-btc-10-months/So basically people with access to other people's money were wasteful? That doesn't really surprise me too much, generally people are selfish idiots as soon as they get the company credit card in their hands, seems like that is pretty much what happened here. Falling price of BTC won't have helped either. |
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