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It should be renamed to BuyNowOrCommitSuicideIn10YearsCozTooMuchPainAndRegretAtMissingTheBoat.
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Why did you buy on the way down in any other coin that isnt BTC? most altcoins after a bump, stay down forever or for tons of months and then maybe, get a small bump (not worth the wait).
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Shorting only makes sense if you do leverage, which at the same time leverage never makes sense because you can get on debt if things go against you.
Basically never short. Buy and hold. You require too much luck to win shorting. I dont believe in predicting the market, let alone small market noise.
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There's no guaranteed bottom, some say double figures are possible, some say we have already hit bottom.
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If you want casino, Luckybit is very addicting, good luck and dont lose what you cant afford to lose  |
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Peter Schiff is a gold only dinosaur, just like the rest of the gold only old people they dont fully get Bitcoin and miss on the boat, they'll get in way too late.
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I wonder if Karpeles and friends cashed out BTC and stored the dirty money on there.
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One nice big hand made orange juice.
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I totally love MBAM even tho its annoying as fuck sometimes with too many notifications of wrong IPs.
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I'm not sure this story will turn out fake, but I'm pretty confident it has been over-exaggerated with the reported losses.
If the figures were true the bitcoin exchanges in China would have re-acted more violently which in itself is a sign that they are not taking the story seriously.
Its actually not fake news, but the story involves fiat, and is just simply related to bitcoin. The loss was incurred in fiat, and the company was relted to bitcoin. So what if it involves fiat? is it fake or not? If it wasn't a fake the price would have crashed a bit.. |
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But how do you know the person selling you isn't a fed setting a honeypot?
You don't. Same as you don't when selling IRL for cash. From whitepaper: Limitations
● The duration of the payment transfer limits the speed of the trade process
● Only non-reversible payment transfer methods will be supported (risk of chargebacks)
● Personally identifying information will be leaked between trading partners as part of the
payment transfer
● Should not be used in jurisdictions where Bitcoin is illegal (risk from trading with
undercover agents)
● You must already have bitcoin to pay small registration and trade fees and for security
deposits So if buying/selling bitcoins is illegal in your jurisdiction it will not guarantee you're 100% safe. unless you do the transaction p2p IRL there is a chance that you are getting scammed.
The are mechanisms protecting from scams. Check the whitepaper. I don't know how will this work out in practice and how secure will it be. We'll just have to wait and see. So what happens if it becomes ilegal everywhere? thats scary, they could ruin bitcoin like this. Even if its legal, im sure they could find some sort of law loophole to set traps. |
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2 years is nothing.
You should all HODL a certain amount of coins for 10 years & see what happens then.
It might make you wealthy.
Don't listen to all the trolls, bears & doom mongers.
Indeed, but 2 years is a big big time in todays situation. So many goverment changes, so many crucial decisions that could cause tons of bailouts henceforth making bitcoin known as an alternative. interesting times. |
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Fact is we will never know when is the right time to buy. Even with my gut feeling telling it's "yes" or when the chart and order book volume tell me that "now is the time", eventually it could still be wrong. Anyway, just spread your risk and buy small and have it distribute at different price level. this way you will average out.
Best piece of advice in my opinion. True that, but sometimes if you have 0 of an asset, its good to go all in and enter the game at what you consider the lowest with a big amount. For example, if BTC goes sub 100 and you have 0... its time to not fuck around and go all in. |
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You need to pay? what a scam. Another reason why Poloniex is the superior exchange.
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BTC will be dead in 5y, lol.
It's you who will be dead, when you jump off a very tall building as you realize you missed the boat, TWICE. |
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Just look at the news. Greenspan just said Greece will go out of the euro for sure.
They were parasyte in EU from the very start. I really dont see the point of allowing them to join in the first place,but fine.. Euro strenght is often shaken by examples like Greece, and now with them leaving i have no doubt eur will get stronger. As far as op title is concerned; NO, eur will never be under usd, it makes no sence, because eu is showing iniciative on too many levels to drop down in currency value ~25% The very idea is disturbing.. If they kick Greece, what stops them from kicking Spain? as far as i know the next goverment there is very similar to Syriza. |
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[.UNO.]
Can you stop with your cheap analogies? I won't get lengthy on the fact that apparently you want Monero to get more expensive for stupid reasons. Your raisoning is also fundamentally just crap. Nobody cares about the absolute reward/block, even if you insist on that again and again. That is one of the usuless argument Litecoin used to differentiate from Bitcoin for instance. Glad you're a long term investor in XMR, but please stop being talkative about the inspiration/examples we should take from crap coins. What is the defination of a crap coin? Based on the price movements, Monero looks like a crap coin currently... I am not saying I think it is but it just looks that there is less demand than there is supply. There is no more supply than demand, otherwise the price would be 0. We all have a different definition of a crap coin, and I don't pretend to have a superior one in general. Though, I recon Monero being a different beast here, and I would be glad if you could stop bringing examples from other coins if everything you are bringing to the discussion is about block reward and price. Why not selling all your XMR to buy some UNO? If you start to answer "because XMR has some intrinsic interesting fundamentals...", that will be spot on. I think monero is a niche coin (anonymity). For average user I guess it doesn't play so significiant role which protocol the coin is. From average Joe's perspective all the cryptos are on the same line - they call all the crypto protocols by the same name - digital currency. My perspective is here to have a coin that gives me some value, and a coin that has designed to increase in price is something that brings to me value personally. I am not saying you are wrong and XMR is bad, by no means no. Monero has a chance to increase in value by many multiples, if not against bitcoin, so against fiat money at least (assuming btc is more expensive 3-4 yrs from now than it is today). I am not suggesting to dump XMR (I have pretty huge stack of it), but also why to increase the amount neither. For me it is cool if you guys are not interested in this type of coins that have low inflation and 7 months long bullish price trend. I guess you have your prefeences and I have my preferences.  I also agree. Monero is a niche coin for anonimity, for everything else it can be done with Bitcoin. So what we need is whenever someone thinks crypto + anonymity at the same time they automatically think as Monero as the best option. |
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I am not surprised that the Chinese favor Bitcoin. They will always embrace a currency other than the US dollar.
Im surprised too specially since the (supossed) big crash of one of the chinese exchanges with millions in loses. This is still a big rumor and thats all. The price is still the same. Tomorrow is monday tho... so god knows if i'll woke up in the imddle of a big crash. |
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The Bitcoin Wars is the like the Cold War, it looks like it isn't happening but it is indeed happening.
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I've tried to explain the concept of the blockchain to my parents and they just dont get it, because they dont see why there has to be a public ledger for every transaction.
Interesting. Do they understand why there is a ledger at all? If not, then you should give them a lesson of Accountancy 101. If the issue is the "public" part, well, I don't know yet what to do, but probably it is not that difficult either On another note, I just finished reading The Stateless Currency and the State: An Examination of the Feasibility of a State Attack on Bitcoin. It is damn interesting as a whole (I mentionned it on my cryptofiat thread) and the excerpts below are particularly interesting for general education: When one spends cash, it is simply spent; that is, when a specific physical bill is used to purchase one good, it cannot also be used in a separate purchase at the same time. Electronic currency, however, is not tied to a specific physical object. Rather, it is stored in the form of data, which can be easily replicated. As such, double-spending electronic data essentially requires nothing more than making a copy of that data and sending it to two separate vendors. To be sure, one could “double-spend” cash by creating counterfeit copies, but the double-spending problem with electronic currency is all the more salient because copying data requires almost no additional effort. Furthermore, copied data, unlike counterfeit bills, is literally indistinguishable from the “original.
[...]
As Jerry Brito points out, the traditional solution to this problem of doublespending with electronic currencies was to trust a central third party, e.g. a bank or credit card company, to maintain the authoritative record of all legitimate transactions. Bitcoin, however, eliminated the need for such a third party by distributing the burden of maintaining that authoritative record of transactions across a decentralized network of “miners
[...]
Therefore, where centralized schemes require trust in the central authority, Bitcoin requires trust in the idea that the majority of mining power will be aimed at adding legitimate blocks to the block chain.
[...]
The role of trust, therefore, is not done away with in Bitcoin but merely repackaged.
[...]
There is no predetermined central authority in Bitcoin, but the possibility of one emerging is ever present. If you dont have a public ledger there would be a risk of double spending, but most people say "if the system is so safe and the algorithm cant be cracked then why do you even need it?" |
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