It's not just by the name but it sticked with the motif.
Ehh I don't think so. It's a "Bitcoin cafe", but of all things that they could place in in addition, they've chosen a Ripple logo?  |
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I'd sometimes love a good conspiracy theory when it's at least a tad bit convincing, but this is pretty much just 100% assumptions with almost zero facts. Same with those articles you've read that says that Satoshi Nakamoto is an organization/company and not an individual, 100% assumptions without backing facts.
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The owner better know about bitcoin, I have had talked with him for hours. He is an expert man in tech. I don't know if he own. He said he don't.
The whole cafe was designed with various cryptographic design, I guess it will make visitor learn about cryptocurrency. I am sure most of them ask what that means, why the design are like this etc. They will somehow know that there's something existed namely cryptocurrency, bitcoin.
It really doesn't matter if the owner knows about Bitcoin or actually owns Bitcoin though, because most of the customers don't know that. I think they should do a bit more to actually make the cafe an actual Bitcoin-affiliated cafe, not just a basic cafe with Bitcoin designs in it. |
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Is there anything special about this "Bitcoin Cafe" anyway? Besides just having bitcoin-related wall designs? They should've at least put up a television that displays live cryptocurrency prices, or maybe play CNBC Crypto videos or something. Ironic, isn't it that here comes a Bitcoin Cafe but you can not spend your bitcoin in there just use your fiat to have your coffee served fast.
I mean, can you really blame them? It's illegal. |
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no you are wrong they more screwed the any one else,,,,because normal people already suffer from everything , long day job and low salaries and much more they long ago feel this....
when greece crashed the normal people didnt take ot so much serouies its even fun for them after so boring life with almost no money and all day long job...they already screwed , YET the riches , wait .....read this
I don't claim to be an expert in economics and such, but I 100% doubt the "normal" people found a financial crisis "fun" lmao. I'm pretty sure the majority of their wealth(fiat) being valued far less than it used to isn't "fun". do you know the very rich people of greece a alot of them hit heart attack , and other things when greece crashed relative to normal people which it dosent move there balls because they already there somehow,,,
in the moment greece opened the banks again the riches fast convereted the money to usd and the smartest convert to diamonds because....its cannot crash like paper money.
Do you have any source for this? I'm genuinely interested. I heavily doubt that diamonds are the chosen asset of the rich to be used as a hedge. |
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yehh you also right but take into accounts that billionaires from money paper fear that the paper will son lose huge value because the over all system is in very bad position which mean
the main currnecy which is the usd is backed by 20 trillion debt and growing and all of other paper money depend on the usd and overall most of other paper money like india and russia and so on the value is shit,
this is why the huge hate for this...its much more deep and i fucking lazy but if op want more deep economical expert explantion which he can ask then expert economis and recheck my statement or just wanna go the rabbit hole i will take the time
I slightly doubt that this is the reason. Remember, as far as I know, when hyperinflation/economic crisis occurs, it's not the rich people likes Warren Buffet are going to get screwed, because the rich mostly have highly diversified wealth to different types of investments. It's the poor and a good percentage of the middle class is the ones going to get screwed. |
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Because he simply doesn't understand it. He doesn't even comment much on the uses of Bitcoin, instead, he just call Bitcoin some derogatory names. For some reason instead of staying neutral because he doesn't know much about it, he tends to just focus on the negative aspects of Bitcoin: gambling and such.
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It's hard to tell but suggest you let them study the market first and they should understand that bitcoin is considered as a high risk investment. I doubt you could convince a parent how to study the markets. I think OP's friend's parents are only looking for an asset to park their funds to hopefully gain profit. To all the people replying talking to OP concerning trading, read the post again. This is not for OP. OP is asking in behalf of his friend's parents. |
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Join Bitcoin signature campaigns na at least months nang tumatakbo, para mas siguradong may matatanggap kang payout. Unfortunately and fortunately, mejo competitive ung mga magagandang campaigns. So mostly pataasan nalang talaga ng kaalaman tungkol sa Bitcoin or cryptocurrencies.
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If i have 100k i would split it like %20 bitcoin, %50 gold and %30 2-3 of top altcoins.about btc and altcoins stop-loss is necessary.
Jeebus no. - 20% might be too big of a percentage for Bitcoin. Take note that the money is OP's friend's parents.
- 30% on ETH/XRP/LTC? As if 20% on BTC isn't risky enough. Definitely a very bad idea.
- To be able to use stop losses, you'd need to leave the funds on exchanges. You surely know why that's a bad idea.
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Do you guys consider bitcoin a reliable and stable investment for long term holding(5-10yrs)?
Most of us are long-term bullish here and think that bitcoin will be at a higher price in 5-10 years from now, but take note that bitcoin is not guaranteed to succeed. It can go up, but it could also go the other way. If you put everything on Bitcoin, you could be rich in 5-10 years, or you could also end up broke. Is it safe to assume the only direction(barring a few dips here and there) bitcoin will eventually go from here is up?
Definitely not. There's still a risk. Do you foresee it going below $10K, or even $9K ever again? Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Very possible in the short-mid term, a bit less likely in the long-term in my opinion. Is it even possible to see the lows we saw a few months ago(ie $3500) ever again?
Yes. Even lower than $3500 is possible(though probably unlikely). IRA or Bitcoin for the long term?
Diversification. It'd probably be a better idea to spread it out to stocks, bonds, ETFs, Bitcoin(probably a small percentage) and such. Don't put all your eggs in one basket. |
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Not only that, but there are a decent number of people who likes gravedigging, posting on topics that has been inactive for more than a year(there are exceptions though, but most new replies to old posts are irrelevant). Probably a "suggest lock" option would do the trick.
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What kind of BS clickbait is that? Seriously. Good luck with your website if you have to spam Bitcointalk with clickbait topics.
P.S. Your site's SLL isn't even working properly.
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My opinion: Storing your wealth 100% in fiat is a bad idea, but at the same time, storing majority of your funds on Bitcoin can or might also be a bad idea. I think the former is worse though. But I'd definitely take my wealth on other places, like probably real estate.
Storing your wealth in Fiat has been happening already for several decades and it is actually not a bad idea (It only matters on your country's current economy). Tho, you are right that still the best investment is on Assets like real estates. Sure. It's much less of a bad idea if you live in a country that has a strong economy like the United States. But saying that "storing your wealth in fiat is not a bad idea" is completely assuming that the USD will will not drop in value in the long term. Which, is obviously not true. Inflation exists. And what more if hyperinflation takes place? It's definitely not impossible to occur even to a currency as strong as the USD. |
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If Bitcoin dominance did fall to say 25% that in itself would mean higher prices per token/coins for other competitors out there. 25% BTC Dominance would allow others to narrow the gap and if there was another competitor in the 20%+ Dominance region then that would be an amazing time for crypto.
I think that as long as others narrow the gap on Bitcoin lowering its Dominance then the better it will be for the crypto market in general.
A lower Bitcoin market dominance only lowers bitcoin dominance, well, in terms of markets. When talking about tech, adoption, security, and all those good stuff though, nope. Higher marketcaps of altcoins doesn't necessarily mean they're actually getting better. It mostly just means that they're getting more expensive in terms of price. |
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My opinion: Storing your wealth 100% in fiat is a bad idea, but at the same time, storing majority of your funds on Bitcoin can or might also be a bad idea. I think the former is worse though. But I'd definitely take my wealth on other places, like probably real estate.
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Thanks, I have removed all other funds out of the 24 word phrase to ensure they are safe.
I'm a bit confused. How many sets of recovery seed do you actually have? One? Two? Also, did you send out the 5 LTC to a wallet that you actually made yourself? or to actually the same wallet(just with a different address) that contained the initial amount of LTC you have? |
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Yes i sent the funds, there is defiently no one else who has access to my hardware wallet.
I still have access to the memnomic phrase and i know the second layer phassphrase which i am sure is attached to the LTC address above with the 5LTC inside, I just dont know what software to use to import these 24 word seed into and search through all the addresses
You can try imporing your mnemonic phrase using LoafWallet[1]. Remember though, if you're importing the mnemonic phrase that you've created using your hardware wallet, make sure to create a new wallet with a new set of mnemonic phrases after you do what you have to do, just to be safe.
[1] https://loafwallet.org/ |
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Even if Bitcoin's market dominance drops to 25% bitcoin will still be the dominant force. Remember, the cryptocurrecy markets is easily swayed by news(both fake and legitimate), especially to most altcoins. Bitcoin will still be the most decentralized, most secure, and most globally adopted coin compared to all the other coins/tokens combined.
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