|
BTC Address: 1Mp9v4rbKdhi8iXmAz3gw26b7dPLg1Dh4f
Username: santaClause
Posts (including this one): 63
Thank you
|
|
|
|
What doesn't make sense about what you say is that the valuation would be determined by Bitstamp. I would think that the valuation is determined by wherever the largest volume of trades is occurring. If that's happening OTC, fine, then OTC is setting the price. Why would large volume bitcoin traders care what some "small time" exchange has to say on the matter?
Because it's the most well known. Simple. There is no central "authority" on price for the OTC market. Those trading over-the-counter look to exchanges in determining market value. Bitstamp is the most recognized. This is technically true, however the OTC market does influence the bitstamp market as well. If someone buys bitcoin on the OTC market form someone that would have otherwise sold on bitstamp then there would be a little bit less selling pressure on bitstamp. It is also not possible to effectively control the price on an exchange |
|
|
|
There is a limited amount of cash on exchanges, so in theory, you could move 100k coins to stamp and drop the price to zero. SO if you are worrying about instant price - the bottom is zero. As for a real bottom where the price could stay, we are at it now.
It would be illogical to do this. You would receive a very small amount of money for selling incremental amounts of bitcoin on bitstamp (or other exchanges), therefore the incentive to get the price to go from $50 to $10 is really not there. Also there are companies like circle and coinbase that customers can use to essentially "instantly" transfer money to exchange to buy bitcoin to prop up the price |
|
|
|
anyone buying right now is either completely blind or very bold. sells are only winers here. even if you think the price will moon later your still doing worse then if you were in fiat as it drops.
It's the lowest price of the year. It sounds logical to me that people are looking to buy now. It is the lowest price so far this year, however I am hoping that it moves lower so I can hopefully have the opportunity to purchase a lot of bitcoin at 2012 levels But you won't because you will be waiting for 2011 levels. I know the type  I would be satisfied with 2012 levels. The only reason why I did not buy in 2012 was because I was not aware about bitcoin back then. I have purchased smallish amounts over the past ~18 months or so, however I would have loved to have been able to buy well under $10 |
|
|
|
Only 5 hrs away from "morning" in the USA. I don't think it'll drop ~$100 that quick...
Bitcoin has fallen as much in terms of percentages (and dollar amounts) in the past. A $100 drop would only represent a ~ 33% drop from current levels and bitcoin has crashed 50%+ in less then an hour before. I don't think it will happen, but it is certainly a possibility and if it does happen it would make for a great opportunity to buy more bitcoin |
|
|
|
Based on the domain I really don't think that anyone would actually think it would be anything other then a scam. As vod said above if you are promised 10x return on your money you should know beyond any doubt that the site is a scam |
|
|
|
People always find a way around to minimize fee. Is there a way to withdraw money without using ATM? People actually act in a very opposite way. They tend to value convenience over low prices and are willing to take money out of an ATM in the middle of the night (and paying for the privilege for doing so) instead of waiting ~9 hours for the bank to open back up to be able to withdraw funds from a branch. Or even walking a few blocks to find a ATM that is owned by the bank that issued the ATM card |
|
|
|
How can a person go about investing in Coinbase, Circle etc? They are not on the stock market.
Lots of companies to invest in the security section. Just be aware of the risk. The companies/investments listed in the 'securities' section of this forum are almost all scams. I think it would be advisable to stay away. The best place to find investments of this nature would be second market however they require that you have a lot of money ($250k+ per year in income or $1mm+ in assets) |
|
|
|
Oh my, what a bold and explosive statement you have there.
National debts come into existence when governments spend more than what they earn.
These deficits are funded by direct loans from financial institutions, national trusts, bonds, LGs and other monetary instruments.
These loans have to be paid back, with interests, usually through tax increases, draconian spending cuts or, more loans.
National debt is never a good thing, especially one caused by chronic budget deficits, because it usually screams of incompetence, at the very least.
Totally agree. When the national debt keeps increasing as a proportion of GDP, you know you are in trouble. Any external shock, which impacts GDP growth, could result in the debt becoming unserviceable. This is the reasons why some countries have a fiscal responsibility law. The ability of a government to service it's debt depends on the "market's" faith in a country's ability to repay their debts. As soon as the "market" starts to believe that the country is not going to be able to repay their debt the country will effectively lose access to capital markets and will incur a debt crisis. |
|
|
|
Dollar is 100% premined, unlimited number of coins, proceeds bomb children overseas, and it funds wars. One guy prints is all, at leasure without restraint, who want to speculate on where this coin is going?
That is true. But the rate at which bitcoin is being mined now (ie inflation) is lesser than the rate at which dollars are being printed now. Dollars do not require "proof" of anything therefore an unlimited number of them can be printed. Fiat is very different from crypto currencies that have an exact amount of money that can be mined |
|
|
|
it's a devaluation war, the China did it in 2000, US did it in 2008-12 by printing, japan did it last year, the ecb did it just this summer, now new Zealand, the idea is to make the respective country more cheap to boost exports and increase demand as people buy more local products as foreign products are more expensive , since they printed.
That's why bitcoin is more like gold than currency. It's not going to be devalued. it has inflation but predictable.
This is one war which no country can win. If you print more currency notes and try to devalue your currency, what stops other countries from doing the same? Nothing. They are doing this via QE. The result is inflation, or less deflatoin |
|
|
|
He/she/they said they moved on from Bitcoin to work on other projects.
Will there be an announcement somewhere saying "Glad you like Bitcoin, let me know your thoughts on this side project I have been working on"?
He will not publicly state that he is satachi/the person who created bitcoin when he announces his new project. If he did this then everyone would scream scam and the project would all but certainly fail |
|
|
|
anyone buying right now is either completely blind or very bold. sells are only winers here. even if you think the price will moon later your still doing worse then if you were in fiat as it drops.
It's the lowest price of the year. It sounds logical to me that people are looking to buy now. It is the lowest price so far this year, however I am hoping that it moves lower so I can hopefully have the opportunity to purchase a lot of bitcoin at 2012 levels |
|
|
|
But bitcoin user got key logged... not all but some..
Yes, bitcoin user got key logged, this is the best risk for a bitcoin user, keylogger.. Anyway, If I'm careful I can avoid this risk with simple devices Bank system is so bad.. Well the thing is that if your bitcoin is "hacked" (aka stolen via malware/keyloggers/otherwise) then your money is gone forever and will likely not be able to find out who stole you money. With a bank account you are not responsible for any unauthorized withdrawals Give it time. In the future banks will accept bitcoin and they will be responsible for protecting our savings. For now just keep your stuff in cold storage and offline where hackers can't get at it. We have some kinds of services like that today. One example is the coinbase vault. There are others as well but they are not as reputable as coinbase. The problem with doing this is that you need to trust that your "bank" will make good on their promise to give you your bitcoin when requested (after a "cool down" period if applicable) |
|
|
|
I'm not sure what the right forum for this is, here, or in the Technical forum, but I figure it'll get read more here, so I'm posting here...
My computer (Windows 7 64 bit) was acting strange so I just ran a full virus scan. It detected two viruses and one of them just happened to be in the blockchain. It was detected in Bitcoin\Blocks\blk00129.dat. Those of you running full nodes, especially on Windows, this would be a good time to run a virus scanner. Avast caught this, I can't comment on any others.
Then your virus scanner setting must be wrong, don't scan all files, just executable files. Not a great idea either if you're relying on a virus scanner to keep you safe. Malicious scripts can be run by opening non-executable files as well such as Word documents, Excel spreadsheets, PDF's, etc. Virus scanners will sometimes catch these so should not be omitted from scans. Virus scanners are pretty bad anyways. Making a virus undetectable to any scanner is trivial. I don't even bother installing a virus scanner at all, but rather I monitor my system's services, processes, network connections, etc. If I feel that there is even a remote chance that an application or file is infected, it never leaves its own VM. Virus scanners are not that stupid, DOC PPT XLS COM EXE VBS etc... are all considered "executable files", and will be scanned. But a .DAT file, you can't execute it by default, unless there's some 3rd party program installed that specifically make .DAT file executable. There are viruses that are hidden in other files. For example someone could use macros in an excel spreadsheet to infect a virus into a computer. They are hidden in word documents and other similar types of files as well |
|
|
|
No. The government can track bitcoin and in the future, they can tax it.
Darkcoin or other anonymous altcoins claim to be untraceable. Because of this, i cannot see how the US government would consider legalizing it instead of bitcoin.
How do you track bitcoin with tools like the darkwallet, coinjoin, and stealth addresses? I have no idea, but for the average US citizen who pays taxes and isn't interested in hiding anything from the government, bitcoin makes perfect sense. There will always be a black market, scams, fraud, money laundering, people working for cash etc. The governments main interest is to tax as much money activity as possible without causing citizens to revolt. Bitcoin allows this, darkcoin not so much. darkcoin allows money laundering more then bitcoin does, however it will not be the breaking point that prevents people from having to pay taxes. It will be obvious if someone is paying an appropriate level of taxes based on their spending habits and standard of living. If they are claiming to be living in poverty but is driving a BMW then they are clearly not reporting all their income and charges would be brought against them |
|
|
|
With their fees so high, I would only use one of these things only if I was in an extreme emergency and I happened to be near one. I would use it, but not with those high prices. Mucn easier to use coinbase or another type and wait the 3 days.
The fees (spread) is set by the individual owner/operators of the ATM. When you sell via a BTC ATM it will generally not be reported to the IRS as you do not give them that kind of identifying information. The same is true if you were to buy bitcon at an ATM |
|
|
|
why no one said that fake bitcoins caused the rise to up 1000 level?
Only when prices drop it is fake and manipulation. When it goes up, it is just the natural stuff
It's common knowledge that the price was inflated by mtgox using coins that didn't exist. Is it? I know that it is certainly the topic of several conspiracy theories but I have never seen any concrete evidence of such. I was under the impression that people would deposit large sums of money at gox, then the money would be credited to the willie bot so it can buy large amounts of bitcoin then the bitcoin would be credited to the aforesaid people who had deposited large amounts of bitcoin |
|
|
|
Scammers are everywhere and they will be! It's about law and speed of his executing. In point where Cryptos are now, that's very difficult.. Hurry up with the opening, because the price of BTC will fall to the basement!  I can not wait to test the page! I wish you BIG success with this project! I don't think that the opening of open brazaar will cause the price of bitcoin to decline. Can you eliberate? I agree that the site will be full of scammers and there will be little way to police them and little way to make others aware of their scams There will be a reputation system using proof-of-burn as an option. https://blog.openbazaar.org/proof-of-burn-and-reputation-pledges/If you have to pay for reputation then you will have an incentive to keep it "clean" so you would be susceptible to bogus claims of fraud by buyers (I don't see anything about buyers needing to pay for reputation) You don't have to pay for reputation. You can use proof of burn to speed up your reputation but this is optional. If you don't need to pay/burn bitcoin for your reputation then why couldn't someone with little to no reputation try to scam? Or why couldn't someone make a bunch of sockpuppet accounts to build up "reputation" and then scam with their "reputable" account |
|
|
|
|
Quantum computers will be less efficient then ASICs as they are capable of doing multiple tasks while ASICs are only capable of doing one task (mining SHA256 coins) therefore lose less from excess capabilities.
I think ECDSA will remain safe as someone with a Quantum computer would be able to make more money from mining as opposed to trying to steal money from wallets/addresses
|
|
|
|
|
Show Posts
