So what part of the adoption scale are we?
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Only thing that could cause another massive bubble is the winklevoss ETF causing a domino effect in wallstreet causing hundreds of companies to take a posistion in btc. Otherwise we will just see small consistent growth as adoption grows.
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Hoarding is the only strategy for me. So much easier and less stressfull. I have no interest in shorting for a $50 profit. I'm in this to make hundreds of thousands in profit several years down the road. I've been buying on average 2-3 coins a month since it dropped below $600. While also using whenever possible. Up to 15 coins now. Hoping bitcoin will develop to the point where I won't ever have to sell for fiat. I can just buy whatever I want with btc.
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I would of donated but I don't want to give all my personal info.
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Of course they say that. They're trying to keep the price up until they can launch their ETF and cash out. Why would they want to cash out now this early in bitcoins development? Wouldn't the smarter play be for them to help grow bitcoin and retire as billionaires?
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Seems like people are investing in the infastructure not buying actual coins. Its up to the masses to start buying and useing.
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Market cap would be over a trillion. Not inconceivable several years down the road.
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You guys just dont get it. The masses dont even know what private keys are and dont want to know. They want to use bitcoins just like there online fiat bank account. They WANT to trust a third party cause they dont want to have to deal with keeping there own coins secure. Speaking out against these new services is saying you want bitcoin to stay in the secluded techy world. Just my 2 cents.
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This is what it actually says on there site.
Full Reserve Bitcoin. As a regulated Money Transmitter in the United States, we are required by law to maintain full reserves – e.g. we must maintain 100% of customer deposit value and are not permitted to invest those assets for our own profit. Moreover, we are required by law to provide audited financials that prove our full reserves and associated accounting to government agencies.
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I've got 4 paper wallets in a safety deposit box. Then a small amount on coinbase I use for spending by sending to my android wallet.
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Its sad to see these members bad mouth new companys and ideas coming into the bitcoin world. If all these new startups fail and the millions of venture capital dollars is wasted bitcoin is going down the drain. We need to support company's like circle even if us early adopters arnt going to use them. I was under the impression we all want mainstream adoption? Or do you guys only want people to use bitcoin the way you use it?
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Buy some btc now. These low prices won't last forever.
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Looks like exactly what average joes are looking for. Insured bank account and can buy bitcoins without fees. I'm gonna ask for a invite and check it out.
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How does the backup system work?
Need a dev to tell us how the private key is generated.
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How many new coins of the 3600 a day are being sold on exchanges to pay for miners costs and how many are they holding? It would be nice to know how much fresh fiat per day is entering the bitcoin market to keep this $450 steady price. If every new coin was being sold that would be 1.6 million per day in fresh fiat injected in the market. I don't think its near that high though. Maybe 50% of new coins are being sold?
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Very good points. I don't think I can trust a device with a private key I didn't produce myself offline.
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So he didn't actually buy bitcoins just invested in bitpay...
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