Ah, the good ole days when I was able to simply pay .15 cents for a TX and the price of 1 BTC was around $400. Damn, I really regret not getting into buying a ton of Bitcoin with the money that I had. There's a killing to be made from holding and investing but I don't think I'd do it anymore. Though, my experience with it was all around pretty good-- my TX confirmed fast even while I was paying 15 cents for a TX.
Now if you paid 15 cents it'd probably take weeks to even come close to one miner thinking about confirming your tx. SEGWIT PLEASE!
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No chance to end up with something like that, it seems a little to insane to be able to think about us being able to fall from such a high point of people using it and having a nice high market cap to something that's close to bankruptcy / being sold (in Yahoos case) I guess I have a tough time seeing the link as one is a currency which can't be bought out like a company, and YAHOO in this case.
Maybe an altcoin could compete with BTC but I can't see them having such a major fall like the Yahoo and Google situation where Yahoo kinda just sat around and watched while Google took over. Bitcoin would innovate before something like this is allowed to occur.
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I think it may stick around here or even go lower, the price, alongside other alts was in a huge bubble that is due to collapse at some point. You cant expect the buyers and sellers to be able to keep it around that price forever. This was kinda expected by a good amount of people so I wouldn't even be surprised in what happened today.Though, if you really think BTC has a good chance of bouncing back up I think ya should consider buying it right now, It's fallen like $800 since the ATH.
I may convert my coinbase USD to Bitcoin right now.
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No I wouldn't be able to use low fees in the least to be able to get anything done in a reasonable amount of time, it already takes a good amount of time to confirm a transaction when you're paying a disgusting amount of money which could be an average / up to $3.00 for one TX, which is already annoying, takes around 15mins to go ahead and confirm. Imagine if you'd be trying to use a low fee, this would take days to confirm OR IT COULD NEVER CONFIRM.
Don't get me wrong, I suppose I could do this on a TX where it doesn't really matter how lt takes to be able to get the product or service--but sadly out of convenience I'd be paying a high amount for something I could get free with my credit / debit card.
So, no I'm not using low fees and I really do pray that one-day we get a scaling solution that's going to help and get these dam fees down.
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My thoughts forBitcoin in 2017 are it will be more pipular especially now that Japan and other countries are starting toadapt it. And because of that, its value will continue to rise and it is possible to reach $5000 at the end of this year. Aside from that, it will ope more doors for new businesses and investments.
This whole gaining popularity in Japan thing isn't really anything I'd say is something that is really going to help Bitcoin in the least, I'd think this is only coming up at the moment because the big miners and whales want to be able to say "oh look Bitcoin IS being used in areas" and not just what is going on now where Bitcoin is simply just a trading coin which people use to pull profits out of. In all honesty, I don't think Japan is really adopting Bitcoin to the amount that people say they are-- I think this is a bunch of fake news agencies coming together to be able to sell this fake story so some big wigs can make out with a ton of money out of our stupidy. Now back on the subject here, I think Bitcoin should be able to get adapted more in 2017 but nothing too insane -- I would hope the price stables out so more people can join on in and not be scared because the price just keeps going up and up, or down and down for that matter.
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Totally going to be a ton of bullshit, if someone had access to this and it was someone who was reputable and actually had some sort of backing then the entire bitcoin community would be in shambles right now, so this threat isn't anything to be worried about and I'd just simply ignore it. Thanks for trying though I suppose. It's better to be safe than sorry. This is a very good example of human nature: "If I have the opportunity, I will scam." It's never "If I have the opportunity, I will help."
Human race is worse than animals.
It's human greed, if you had the same opportunity you would do it as well.
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At this point in time, or any time where the TX fees are too high like this-- Bitcoin will be completely unusable for people that are going to want to do simple thing with it such as Buying a Coffee, buying a small toy, anything cheap and inexpensive is going to be a waste to buy with Bitcoin when you have to pay another $3.00 on top of an item where that is going to leave a huge dent in the percentage of the item.
Kinda sad that this is what we've gotten too with Bitcoin, but hopefully the miners are able to come to some sort of scaling solution and we're able to get these TX fees down with. I think it's a bit much to have a $1-3 fee on pretty much any tx which is the issue we have right now.
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Weirdly enough, he is asking for something that does exist. It's not like he's saying that he wants a high amount of BTC or some random shitcoin, he just wants the coin in a general basis. So you'd probably be able to go for something like a facuet which isn't really that hard to find on here or through a normal google search. I wouldn't recommend that as the most effective thing to be doing with your time, but it'll work so you should just try that if you don't have even a minimal amount of skills in another area. So, faucet is the way to go. This could be the way to go - http://bitcoinbarrel.com/free-alt-coins/
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I still remember the times when the fees were cheaper and everyone was happier, I think those were the days of the fees being around .14 to .25 but this was also when the price was around $700 so I guess I'd understand that it has to go up with the price and the extra network congestion that's occurring right now. Though, I don't think .85 cents is something which is that bad compared to other thing such as Paypal, Western Union, and so on. These are services which are going to rob you blind compared to how much the tx fees are right now.
Now I'm not saying we should improve on this, we've got to get to work on agreeing to a scaling solution so we can finally get back to at least something that isn't $3 to pay for a TX which I think is a bit absurd.
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I may be one of those people in the forum that comes out and fights the people who're saying that Bitcoin is going to do a moonshot, takeover the banks, and so on and so forth with that narrative. But never do I think Bitcoin is just going to simply die randomly, there's way too much money involved in trading, exchanges, mining, gambling, and so on and so forth for this entire currency and ECONOMY for that matter to just simply die out and sizzle away. As long as the world is not doomed, bitcoin will never die, we can see the development of bitcoin from year to year is increasing from different point of view. This can be a reference and the fact that bitcoin will never die
Though I will follow along with this guy, in a doomsday nuclear war type of think Bitcoin isn't going to survive and that's pretty understandable as nothing would survived, TEEHEE. I do feel as if an internet shutdown was to occur on a national scale Bitcoin would take a shit in regard to it's price and reliability for obvious reasons.
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Kinda sad that people are still falling for this kind of simple scam but I'd understand why they do it, people seeking profits are going to believe a lot and this company probably had a lot of influential people saying that it worked and such-- so people simply blindly follow this sort of thing and get caught up in it. First these companies look as if they're legitimate, they pay people and everyone seem to be happy.
Works like any sort of scam, when they go ahead and hit a certain point where they want to run with all the money that they've sated they were using to 'mine' all this time they'll simply make off with a ton of money. Since this is a Crypto, theirs no recourse to attempt to charge-back or something along those lines.
Sad, but it's going to be prone to happen in this sort of irreversible currency until people smarten up and don't follow something that shouldn't work.
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If I were you, I would rather go with the mobile exchange based on the fact that those aren't the things in the Bitcoin community that are so 'hacking prone' though I wouldn't recommend leaving it in a place where you're not in the person in control of your private keys. I'd rather use something like BitGo, or one of those Desktop wallets where you're the only person that owns the keys SO you're the person that owns the bitcoin in the wallet itself. I think saving on a trading site has good security to, at least not using too large transaction costs when making a withdrawal
Trading site, like an exchange, is not going to be secure in the least. So I would just ignore THIS FELLA as he seems a little dim on the topic.
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Ouch, thankfully Bitcoin is one of those things thats insanely volatile so at this time (6/8/2017 - price 2799) You'd be in the green when it comes to trading, though you may have gotten scared and sold off like so many people are doing and have done in the past which have caused them to lose a ton of potential profits. I did the same thing, owned $900 worth of ETH when it was at about $90 and sold it and lost a good $50 on it, but I could've made thousands if I would've sold it at this point.
So bud just be patient and you should be OK, patience is key when it comes to investments.
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Personally I just don't think I can see it every happening, think about it for a second, can you even think about the biggest online merchant that is pretty much accepted by everyone and anyone in the internet to be taken over by a cryptocurrency that is a volatile as shit and can't agree on a scalability solution? I know some of you are going to come here and tag me as a Bitcoin hater and a bank lover or whatever, but it's not like that in the least. What I am is someone who's a realist, it's someone who can fully see what's going on and is able to understand that with logic people aren't going to go with Bitcoin over Paypal.
Sad, but it won't happen unless drastic measures are taken by BTC devs.
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Well, you could simply leave them be and not try to force some insane cryptocurrency down their throats if they really don't want it, this type of thing is like an acquired taste and you're going to have to enjoy the entire concept behind it to even understand why you'd be wanting to use it. Think about it from their perspective, you're telling them that they should not use / or supplement their normal currency for some random online thing that they really don't know a lot about. Sure you could TRY to educate them, but even with the best videos people may just want to stick with what works and what has always worked for them.
Some people will come around to it if they catch an interest or see a reason to, others won't and you MUST respect that.
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My way of showing it to people is when I'm looking at the coinmarketcap website or one of those sites I'll always explain to people what it is that I'm looking at, I try to stray people away from the narrative that they've all been sold by the media which is that Bitcoin is some crazy, dark, drug currency that is only used for that and only that. I explain to them as much as I can, watch a couple youtube videos, and that's really it.
Though, it's been tougher and tougher these days to get people to join along due to the high TX fees that no one wants to join in on, it's tough to tell someone that paying $1.50 per TX is worth it when they can simply just use their credit or debit card or cash which they've had no issue using for all of this time. I think once we get through the scaling issue, it should be an easier sell to people.
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Pretty much going to probably be like the rest of the people here when it comes to investments, the issue is that I didn't get in sooner and once I did get in I sold too early or something to be able to not make as much money as I could and should have made. But personally, that's something that happens with me and any investment which I make in any sort of Crypto, Stock, Bond, and so on and so forth. I'm not bound to hit it big that way and I'm going to have to always work for my money, which isn't bad but I'd rather be able to make some money in investments if I was patient.
So, I just sold too early, sold BTC and ETH WAYYYY too early.
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Wouldn't want to do this with this sort of currency anyway, I know a ton of people will come out and simply say that you can't trace it if you follow my plan of X,Y, and Z but I still would rather (if I was doing this, please dont raid my house FBI I WOULDN'T) use cold hard cash if you're going to be doing anything illegal, I wouldn't want to broadcast my payment to the world.
I also wouldn't want to be using my computer / internet fingerprint in anyway when it comes to illegal activities when it comes to stuff like that, maybe its just me but I'm not like that in the least. I'd rather buy from the local drug dealer (yet again I dont but that's if I did)
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Your all crazy if you think you can ignore this.
Well I think it's less crazy and more people in denial that something like this could / may happen and don't want to face something like this happening head on, and it does make sense as such a shock to the entire Bitcoin community would really send ripples through the price and would probably make a hefty number of you lose money. So I'd be scared as well, and would try to ignore this for as long as possible when something like this comes up. Though dude, I really am one who is going to ignore it for a whole nother reason, I think this just simply isn't going to happen, Ver may threaten to do stuff like this but threats are threats and I don't think anyone from BTU would simply pull the trigger on this suicide shot. They'd be hurting themselves, and the miners that they employ. Can't see it happening in the least bud, even if I gave the reasons on why people are ignoring.
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Anyone that works at the bank can see all your account information. Monthly fees, atm fees, overdraft fees. Banks suck!
Well I guess this works the same way as anyone that owns the web wallets and such, people are able to see all the information that you have to provide, it's not like you're one to provide a ton of information to these people as well but they're able to track all of your stuff as well, and certain web wallets even charge you extra fees if they're able to. I don't have an issue with banks having control over my money as well, I think of it as something along the lines like this, it's a trade-off when people like them have control over seeing my stuff and charging my fees. Though they do offer a good insurance, well the government does which is known as the FDIC insurance. This is a trade-off which I think is in our favor. Some of you people really do love anonymity, but I don't have a high amount of care for it. I don't like being overly tracked, but It comes with the times.
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