|
It helped me to learn about economics and trading. Before Bitcoin I would hardly pay attention to all those since news. Post Bitcoin I always pay attention since everything is connected. Everything that happens in the fiat world has a side effect in Bitcoin, therefore you better remain informed.
|
|
|
|
|
The origin of the current situation in greece is thanks to the 2 former governments hiding their real numbers, they lived in a bubble thanks to corrupt politicians, thats why it's frustrating to hear people dropping all those cliched comments about how greeks are lazy or something.
|
|
|
|
If one looks at history you can see how debt cycles repeats itself over and over again. It is intrinsic for any debt to have a write off. No debt is payed 100%. I dont know maybe in jupiter or in mars... but on planet earth it has being like that since the beginning. In the past nations used to invade other nations in order to collect. Since the nuclear era started the cost benefit of this strategy becomes questionable. The huge debt from South America (in the 80s) was corroded by the dollar inflation. The coming euro inflation (and dollar inflation) will corrode Greece's debt as well. They are doing the right thing in being a pest and kicking the can down the road. Foreign debts are not payed they are rolled over (and over and over and over again)
Most debts are paid back 100%. Germany has a lot of debt, and so does Japan, Belgium or France, and these countries have always paid back in full. A few lousy countries in Africa, or Argentina, haven't paid back, and they're now blacklisted everywhere. Back to the subject, it seems the small reaction we've seen yesterday is already forgotten. Everything looks like it's business as usual. Surprising... Defaults happen all the time, there's nothing revolutionary about it. What's shocking is how the bureaucrats are basically telling people what to vote. "If you don't vote Yes, this will happen to you". Greece just should default at this point, tons of countries have defaulted before, its not the end of the world. |
|
|
|
|
Bitcoin is objectively superior to cash in many ways, you can carry millions overseas (if you had that kind of money), you can use it overseas as long as the merchant accepts it, it's way harder to lose your smartphone than coins and bills.. the only thing that good ol cash does better right now is anonymity and fungibility, which im sure Bitcoin will improve in the future.
|
|
|
|
Hey guys id like to say thank you for taking this testing that youre doing well beyond what you need to. While im sure the testing is a positive thing for the whole bitcoin community, im also sure all it has done for me so far is fuck me over. Due to this test ive been unable to withdraw my coins from an online casino(transactions for deposits havent confirmed), so instead of taking a win i degened all my chips off continuing to play. Not your fault im sure. you werent the degen pressing the buttons right? Yes thats correct, you werent, but you are the reason i couldnt withdraw. Youre also the reason the very micro amount of btc that i have left is stuck between 2 exchanges. 18 hours and still no confirmations thats fucking awesome. THANKS again.
Instead of having a good week, making a few dollars, and enjoying my relaxation time i am now broke and pissed off. You tech guys should really pat yourselves on the back for being such great people. I hope 1 day i get to return the favor to all of you.
this is no longer a Test it was the first and second time, and a lot of people (including me) found it interesting and wanted to know the results. but as it continues to happen and most importantly since it is hurting the bitcoin users more than anything else, it is an Attack. i was wondering where are all the developers right now. i was looking at reddit posts and i couldn't find any comments from anybody important on the matter and what they are doing to prevent this!! Well, I think it's good news. Let's combat a real attack and lets see how Bitcoin does before it goes mainstream. Let us see how strong the technology is at this point. If this doesn't convince people we need a bigger blocksize then I have no idea what will. |
|
|
|
So I just did an average price check for my first six months of getting paid in bitcoin.
Here are the prices for each paycheck for 6 months, once every 2 weeks (BitWage sends an e-mail with the amount of bitcoins and the price so keeping track is easy):
$319
$212
$231
$241
$257
$295
$251
$238
$234
$240
$239
$227
$249
Final average: $246/BTC
That's a useful info. Im pretty sure next time you do this the average will be higher. Are you living on the boat you would say you would buy with your wage in some country where you wouldn't need to pay taxes overy low ones? That sounded really cool. |
|
|
|
With bitcoin you know for a fact, that there will be only 20999999.9769 bitcoins out there (maximum global supply ever), not a single bit more  I guess it would take only a few minutes to change that condition (at least, there is a possibility of doing just that). You can't do that with gold by any means, no matter what you try, that is, increase the amount of gold by some arbitrary decision... Even if you get consensus over that Agree with the above, all it takes is for the devs to change their mind and a few key strokes later its BTC to infinity. Gold was made in the center of a supernova, wont be any time soon that happens again here on earth in a cost effective way. @ Realbitcoin, what if one or a few of these big BTC holders suddenly decide to cash out their stash, still the top 1% hold the majority of the wealth just like the dreaded fiat, they could easily manipulate the market at will - BITCOIN TOP-500: 1-50 ( https://bitcointalk.org/index.php?topic=321265.0) 1. BTC 980,000*. Satoshi Nakamoto 2. BTC 400,000*. HD Moore (AHA) 3. BTC 400,000*. Dustin D. Trammell (AHA) 4. BTC 400,000*. Tod Beardsley (AHA) 5. BTC 350,000*. "Dread Pirate Roberts" a.k.a. "DPR" 6. BTC 300,000. Roger Ver 7. BTC 300,000*. "knightmb" 8. BTC 200,000. Mark Karpeles 8.5 BTC 182,592. "Loaded" 9. BTC 174,000*. FBI (Federal Bureau of Investigation, USA) 10. BTC 119,000. AsicMiner Management Team of 3 (names?) 11. BTC 110,000. Cameron and Tyler Winklevoss 12. BTC 100,000. "klaus" 13. BTC 100,000. "mezzomix" 14. BTC 75,000. "artforz" 15. BTC 70,000. Erik Voorhees 17. BTC 30,000. "nakowa" 18. BTC 30,000. Mircea Popescu 19. BTC 30,000. "Goat" 20. BTC 25,000. Chamath Palihapitiya 21. BTC 25,000. Gavin Andresen 22. BTC 20,000. Max Keiser 23. BTC 20,000. "Theymos" First of all the coins by Satoshi are probably lost forever, at this point it's obvious since the coins never moved. Then DPR will not be making any use of his coins anytime soon. The FBI tend to sell their coins. I mean a lot of people there of the big holders don't really own the coins. Then the Winklevoss will never cash out, they arent dumb and they are here long term, selling would mean shitting on their own backyard. The rest will probably slowly sell every time we have a bubble. When we reach 1K again, a lot will sell, not dump all of it, but a considerable amount. When we reach 10k, they will sell again... etc etc.. at the end, they will up with no Bitcoins and with fiat only. Then 10 years later BTC goes to 100k-1MM and the fiat currencies collapse, and they cry in regret. |
|
|
|
Rich people these days are just really lazy and don't have any interest in bitcoin. But seriously they probably have better stuff to spend their money on.
I think once the old people die and the younger generations inherit their millions, all those young guys will start seeing the value in owning BTC and investing in BTC based companies and all that old money will start getting inside the BTC ecosystem. |
|
|
|
For a very long period of time the trading range of litecoin was around 2.00-3.00 bucks
After seeing it rally up to its current range I can understand why you wanted to sell your position, I guess the answer is to see how long it keeps up this strength.
Actually LTC was stuck in the sub 2 dollar range for ages. Anything above 2 dollars would have been nice gains if you bought a lot during that period. Right now it has gone from 5.3 to 5.1. It seems it's holding nicely above 5 dollars. Im not sure what to do. I own no LTC but im considering gambling some cause it may go 2 digits for all I know. |
|
|
|
|
You should post this in the marketplace section. Also, no hate but the website looks like something out of 2001's geocities webpages. They better improve the aesthetics.
|
|
|
|
|
I remember when the Dogecoin community managed to put a driver on the racetrack and a big logo on the car. I can't believe Bitcoin hasn't done something like that already.
|
|
|
|
I think the most important thing many people seem to over look, is the $229 million in backing from VC firms... Ask yourself the question.. Why would that much money be invested in something, if the people behind it, did not see potential in the technology?
I often ask myself - why aren't they directly buying bitcoins? Could they possibly think that the technology has applications, but the price could go to double digits? They do already invest in Bitcoin, they just don't say so directly. They prefer to PR their Bitcoin based companies rather than saying "im loaded with Bitcoins", because that's precisely an argument used by haters. For example, Caesares Wenceslao from Xapo is well invested in Bitcoin and has publicly said so and has predicted BTC will go to 500k to 1 million dollars, something in between, in the next 10 years. He gets lots of hate by no-coiners because he admitted he is invested in BTC besides other companies. Thats why there is a lot of big wall street names and CEOs out there secretly owning BTC. If you don't think the likes of Bill Gates, Elron Musk, all sort of wall street people.. aren't yet holding BTC, you are delusional. The thing is, they haven't gone balls deep because they still wouldn't benefit from a sky rocketing price, too soon. |
|
|
|
|
The fees will need always to be substantially smaller than anything we've ever seen before in money transactions, otherwise people will think "well.. another less reason to use this over traditional banking". The small fees of Bitcoin are one of its big selling points and main attractions, so do not ruin it.
|
|
|
|
This is more about Greece. But I think it applies to Puerto Rico as well because the same greedy, corrupt and powerful intl banks are involved....
The situation in Puerto Rico is way worse than Greece actually, but since Puerto Rico is some place in south america no one seems to care. Greece is in a very bad situation don't get me wrong, but they getting all the press because they are Europeans. Puerto Rico is not in South America. It is located 1,660 km from Miami. It is part of the United States (a territory to be specific). People born in Puerto Rico are U.S. citizens. True, but also true that countries like PR get a sort of "south american" treatment. It's like the countries in south europe, they get disrespected by the elites and then we have a Greece incident popping. |
|
|
|
I don't understand why people are crying and cribbing about some temporary price fall
Most people actually are considering wether BTC is dead by measuring it from its price and it is pretty much has become the standard things around here and so you can expect every single complaint the moment BTC is having a fall because some people expect that the price will be keep on rising. This happen pretty much every time there is a huge fall in the price however once the price goes back up, you can see the same people coming back up and shows us his joy over it Some great quote regarding BTC price and this truly describe the situation around here If BTC rise , people says thats a bubble and if BTC falls people says it is dead The price of Bitcoin is completely irrelevant to it's health and future. Bitcoin is undervalued by several orders of magnitude. Only morons that can't think long term take investment decisions on current price alone. Those guys can't look at the big picture and will never make it. |
|
|
|
|
Varoufakis has been told to leave to make the negotiations with Europe easier, because Lagarde Draghi and friends hate him. So I would stop looking for anything revolutionary or new to happen, we still have a long period of talking pretending and extending until we see some real shit hitting a big fan.
|
|
|
|
|
Being in anything else that isn't BTC is a big gamble. BTC is a gamble within itself but a reasonable one.
Now, one may be tempted to buy LTC. "Oh look at the ATH, we are still so far from it". The thing is, we have no idea how high it may go, it may crash back to 1, so it's up to you.
I confess I was an idiot to not buy LTC when it was 1 dollar, but at that point the coin seemed like it was headed to 0. Development is poor, community is poor (check its reddit).
This is nothing but a speculative bubble, but may make a ton of people rich if they bought at 1 dollar.
I want to get in and test my luck, but i dont feel like it at the same time.
|
|
|
|
They can't ignore the big NO, but the can still keep pushing Greece to pay.. they will not give them anything for free. Greece is still facing a dead end with or without the NO. |
|
|
|
|
I wonder why miners don't pay more attention to this. Im assuming they want the best for Bitcoin, so why can't they just predict this from happening and take action? I can't be that difficult to pay attention to the hashrate distribution.
|
|
|
|
|
Show Posts
