no more 100k people in the world using daily btc... at least one time in the life I think we are around 500k users
it is the number of users who are not rational. try to imagine how many bitcoin users in your country. try to add up with other countries and regions. bitcoin users has more than 1 million people. according to some surveys now China and Europe have become the largest user in the world. If you mean a million users that day trade bitcoin to eek out small profits then maybe. However, I seriously doubt there are even 25k users that buy something daily with bitcoin. The number of people that shop online, buy a beer at a bar, or send money to friends or family long distance is very small. Bitcoin is just too difficult and clumsy to use and there are too many better options available today for bitcoin to be that widely used. |
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Not sure why Roger hasn't commented further but then again maybe its part of the plan...
Imagine he follows through now after 20 pages of people calling him a fake, imagine how stupid it makes everyone look.
It also jacks up the belief in BTU and crushes BTC further.
Be careful what y'all are wishing for it may just come true!
On a side note if he sudden bought BTUCOIN.com and started an exchange it would push this whole faith in his new coin thing over the edge.
They don't care if they look stupid. They give a ton of btc to mark Karpeles, Trendon Shavers, Ryan Kennedy (aka Alex Green), Steve Chen, Danny Brewster, Josh Garza, Chris Vleisides, Tradefortress, and on and on but they don't think they look stupid. They just blame someone other than themselves and march on. Common sense would tell you that cloud mining is a scam but they buy into it every time. I've even asked some of them, if someone had a machine that printed money why would they rent it to you instead of printing money for themselves? That doesn't work, they just march on. How do you make money with Bitcoin? Come up with the most illogical fucking scam story imaginable, sell it as a business on this forum and rake in the money. Look more stupid? I don't see how that's possible. |
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 You little bastards think you know how to run the world. Let me tell you about this money we had 20 years ago called bitcoin. If it wasn't for pussys like you bitcoin would have survived. You little piece of crap, you don't even know how to dab or whip/nae nae. |
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For the record, I replied to Loaded on March 24, 2017, 10:29:47 PM.
I still haven't heard back from him yet.
Oh please You can accept or decline the terms right now, then everyone knows where you both stand Or do you need more time to think it over You spin that comment however you want. I'd say a potential $100million+ bet warrants some due diligence. Of course, that's the logical thing to do. The worst thing you could do is allow a bunch of kids you've never met, playing on a forum, to goad you into a bet for a small fortune. This is the same forum that created Trendon Shavers who cost forum-fools 764,000 btc and Mark Karpeles that cost them 850,000 btc. Can you believe these idiots actually gave money to someone that called himself a "pirate at 40" with an avatar of a pirate with a parrot on his shoulder and a description that said "Yes I am a pirate, 200 years too late". Yeah, these are the people who's respect you want to earn. ROFL |
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You should never buy an investment vehicle as volatile as junk bonds, small young company stocks or Bitcoin as a retirement hold (future proof) investment.
Some examples of low-volatility (future proof) investments would be: long-term (5-10 yr), low-yield treasury bonds of countries with stable, developed economies (like the US, Germany or the UK); shares in large, well-known multinational companies (McDonald's, Apple, Microsoft etc.) or aggregate funds which balance investments in different assets to achieve low volatility. Real estate in certain markets can also be future proof.
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Bitcoin and PayPal are two completely different things. Apples and oranges.
Bitcoin = protects the seller and allows fraudulent sellers to screw customers like Butterfly Labs did.
PayPal = protects the buyer from fraudulent sellers and returns money to the buyer in case of fraud. The only buyers that got their money back from Butterfly Labs used PayPal for the purchase. How's that for a kick in the ass. PayPal actually protected a shitload of bitcoiners.
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is it safe to buy bitcoin directly to someone on localbitcoin ?
Meet in a crowded public place and it's sort of safe. In my area there have been criminals setting up meets to sell btc and then just mugging the buyer because they know they're carrying a bunch of cash to the meetup. Don't think you're totally safe because you are meeting at a Starbucks or something. They may agree to sell you a bitcoin at Starbucks and then stand you up only to mug you in the parking lot when you try to get in your car. Just remember, there's a reason banks have all the security cameras, bullet proof glass for the teller windows, and security guards - they deal with cash. |
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Hi guys, need some help please? I am considering buying some bitcoins, I've been exploring http://coinbase.com/ but I am not too comfortable having to transfer them my money, waiting four days to have it in my e-wallet or something, and only then buy the bitcoins. Do you know if there is a way to buy them directly from my bank account? Thanks! Try checking out https://www.circle.com/enAlso localbitcoins, bitstamp. I think xapo also have an option to directly link your bank account and convert the money to btc (not sure). And https://www.bitquick.co/ I found on a coindesk article that it's the fastest way to buy btc. Circle hates bitcoin now. They stopped bitcoin. https://www.cryptocoinsnews.com/circle-distancing-bitcoin/Here is the easiest place to buy for U.S. customers. It's also one of the most expensive places to buy btc on the earth. The upside is buying under $150 worth of coin and you don't need identity papers on file. As far as I know it's the only anonymous option left in the U.S. https://www.coinmama.com |
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I love Monty Python. Everyone is farting in Ver's general direction. |
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As per the current panic situtaion since I am a newbie to bitcoin and already holding loads of bitcoin , Shall i hold it for long .I mean any idea in how much time frame can the price go back to normalcy of 1200$
It is best idea to hold your btc. it happens that sometime we see the loss,unfortunately from few days price is falling down. so my advice to you wait for 2-3 weeks don't sell the coin now, infact this is the time to buy after sometime when the price goes high then plan to sell. but for alteast 3 week don't sell your btc in panic. we have seen up and down in btc but after few days the price will again go high. keep the faith in btc. Hold! Hold! Hold! the price is going low and don't sell it off now. apply simple logic, btc is nothing but a business platform as other business we see profit/less same happens here. we must be patience for some time so that price goes up and we can sell it off. as the people who join new will get confused what if the price will not turn up, don't worry it will go high again and till that make sure to hold the money and then sell. Holding Bitcoin like a 5 year old holds their momma's hand at a doctors office is just a way to avoid most of the profit of a volitle commodity. Sure, gold will always be worth more than it was in 1950. If you hold gold long term you will make money, no doubt. However, that's not the best way to make money with gold. |
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For the last 4-5 years this has been a good working plan: Watch the fools play grab ass on this forum and buy a gamblers amount of btc (with money you can afford to throw away) at the drama bottom (usually somewhere between $500-$800). Then hold them until you see the drama top happening (usually between $1,000-$1,200) and sell all. Rinse and repeat. It's worked for me several times now. I just sold everything I had at $1,200 and I'm getting ready to buy back in. Good luck.
After watching this game for awhile you are correct. It it just trying to figure out the tops that has me just being content to be a holder. When it was dropping around 1050 I thought about pulling out and wish I would have. Could have bought back in and gained 10% more btc when I bought back in. I am going to give it a shot the next time. This market really is like a rubber band Don't be afraid to buy and lose it all. That's why you only buy a gamblers amount. If you read the forum quite a bit there's usually enough of an indicator where you can know when to buy and sell. You won't catch the exact top or exact bottom but you can usually get within $100-$150 and that's close enough to make a little money. |
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How long is 48hrs?
It depends, are you using the Ver Clock?  |
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A revolutionary new payment system --> an entry level theft school for small time crooks --> a running joke for my friends and family.
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For the last 4-5 years this has been a good working plan: Watch the fools play grab ass on this forum and buy a gamblers amount of btc (with money you can afford to throw away) at the drama bottom (usually somewhere between $500-$800). Then hold them until you see the drama top happening (usually between $1,000-$1,200) and sell all. Rinse and repeat. It's worked for me several times now. I just sold everything I had at $1,200 and I'm getting ready to buy back in. Good luck.
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They're used to it. It won't have any effect at all.
Not all. I would like to think that a portion of the Chinese Bitcoiners are enlightened and know that they should stick it to their government in times that it is truly needed. Being a Bitcoiner could be one of those "sticking it to the government". If it was possible, I believe foreign exchanges should start getting a good number of those Chinese traders. If Localbitcoin's numbers are up then that means there is a good market for foreign Bitcoin exchanges there. I think they're all used to being shit on by their government, just like all murricans are used to bending over and letting the IRS rape them every April. No one is exempt. I doubt any Chinese are trading bitcoin for philosophical reasons. Sure, they are trying to use bitcoin to hide money from the government but they aren't "sticking it to the govt". They're terrified of the government. If you think about it, Bitcoin is the perfect medium for them to rattle the cage. The strict laws will subsidize BTC because of its disruptive nature. How is the volume of Localbitcoins over there. It must be rising by now. Rattling the cage in China isn't the same as it is in the west. Rattling the cage in the west:  Rattling the cage in China:  I believe you still underestimate what Bitcoin is. Bitcoin means they do not need to be on the streets and do a protest. Support for it is enough. Decentralization and censorship resistance through software is the new medium for resistance. We may only be scratching the surface. I understand how bitcoin can be used in a perfect world. Yes, it could be revolutionary and take power away from central banks but that requires never involving fiat. That means trading bitcoin for goods and services and getting paid for your labor in bitcoin. A complete bitcoin economy isn't happening anywhere in the world. I might be underestimating the Chinese ability to hide what their doing. I'll admit that. But I think you may be underestimating their fear factor and how much their citizens turn each other in to the government to save their own asses. The customer verifications that were put in place is their government's response to maintaining control.That is true. But I do believe strict rules and authoritarian government is the perfect place for Bitcoin to be used. There is also the "greed factor" among its users because its value could still go up. I was surprised that the PBOC did not penalize the Bitcoin exchanges. Maybe they know they could not stop it? I hope it's because they know they cant stop it. The alternative is the government thinks they can use it to catch people. The US govt discovered that they can parse the blockchain for addresses and surveil people to match identities to addresses. That's one of the tactics they used to prosecute Ross Ulbrich. If the Chinese realize that, Bitcoin could be a great tool for them. That is why it's so very important not to reuse addresses and keep your identity private when using Bitcoin. I don't speak Chinese or I would search the Chinese section of the forum to see if they realize they can be trapped with bitcoin. |
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They're used to it. It won't have any effect at all.
Not all. I would like to think that a portion of the Chinese Bitcoiners are enlightened and know that they should stick it to their government in times that it is truly needed. Being a Bitcoiner could be one of those "sticking it to the government". If it was possible, I believe foreign exchanges should start getting a good number of those Chinese traders. If Localbitcoin's numbers are up then that means there is a good market for foreign Bitcoin exchanges there. I think they're all used to being shit on by their government, just like all murricans are used to bending over and letting the IRS rape them every April. No one is exempt. I doubt any Chinese are trading bitcoin for philosophical reasons. Sure, they are trying to use bitcoin to hide money from the government but they aren't "sticking it to the govt". They're terrified of the government. If you think about it, Bitcoin is the perfect medium for them to rattle the cage. The strict laws will subsidize BTC because of its disruptive nature. How is the volume of Localbitcoins over there. It must be rising by now. Rattling the cage in China isn't the same as it is in the west. Rattling the cage in the west: Rattling the cage in China: I believe you still underestimate what Bitcoin is. Bitcoin means they do not need to be on the streets and do a protest. Support for it is enough. Decentralization and censorship resistance through software is the new medium for resistance. We may only be scratching the surface. I understand how bitcoin can be used in a perfect world. Yes, it could be revolutionary and take power away from central banks but that requires never involving fiat. That means trading bitcoin for goods and services and getting paid for your labor in bitcoin. A complete bitcoin economy isn't happening anywhere in the world. I might be underestimating the Chinese ability to hide what their doing. I'll admit that. But I think you may be underestimating their fear factor and how much their citizens turn each other in to the government to save their own asses. The customer verifications that were put in place is their government's response to maintaining control. |
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Do you really think that the people who bought BTC cheap and held it all these years through the highs and lows were just "lucky"?
from experience most who held (from lows to highs) did so because they forgot about btc or ignored it for years LOL Yeah, that's what I think too. That's has more to do with dumb luck than mad trading skillz. Ver was an angel investor. I would expect him to have a bunch hanging around. This guy named James Howells bought something like 7,500 btc in 2009 and threw away a hard drive. He remembered he had some after the price went up and looked for the hard drive only to remember that he threw it away. That's like buying Apple stock at the beginning and throwing away the certificates. That's got to sting a little. Or maybe they super early adopters had a real plan from the beginning. What if Group Satoshi knew exactly what they were doing in creating the censorship resistant currency, this forum, the darknet market and the acquisition of the first BTC exchange from Jed McCaleb. It all started from there and the rise and rise of Bitcoin might be no fluke. Even that's a more realistic story. Maybe BTU is the next step in the story. What if the only way the Island of Nevis Consortium/Group Satoshi can maintain their control is by supporting BU. They plan on taking over every node and mining farm to secure their evil plan. muahahaha |
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Not everyone was stupid enough to buy a pizza with thousands of mined bitcoins.
that's a transaction that deserves everyone's respect. we might not be here if it hadn't happened. Ok, maybe, but it was also a transaction made by someone that never believed bitcoin would be worth very much. Just like all the 50 btc VIP forum members. Either that or all the VIP members really did want to spend $50,000 to impress a bunch of strangers. Whoa, whoa, wait a minute. That's not true for everyone, and even laszlo possibly had an inkling of an ulterior motive with his purchase. Did you ever read laszlo's account of Satoshi's response to him having started GPU mining? Here's a link. Basically, laszlo had mined far more than the 10k coin using a GPU. Satoshi encouraged him that a more widespread adoption would help grow the network and adoption rates. Here's what he said (we don't really have proof this was Satoshi, but laszlo didn't really have reason to make it up) A big attraction to new users is that anyone with a computer can generate some free coins. When there are 5000 users, that incentive may fade, but for now it's still true.
GPUs would prematurely limit the incentive to only those with high end GPU hardware. It's inevitable that GPU compute clusters will eventually hog all the generated coins, but I don't want to hasten that day. If the difficulty gets really high, that increases the value of each coin in a way since the supply becomes more limited. The supply is the same: 50 coins every 10 minutes.
But GPUs are much less evenly distributed, so the generated coins only go towards rewarding 20% of the people for joining the network instead of 100%.
I don't mean to sound like a socialist, I don't care if wealth is concentrated, but for now, we get more growth by giving that money to 100% of the people than giving it to 20%. Also, the longer we can delay the GPU arms race, the more mature the OpenCL libraries get, and the more people will have OpenCL compatible video cards. If we see from the difficulty factor that someone is using too much GPU, we can certainly pick this OpenCL stuff up again then. Maybe my effort to maintain GPU innocence is running out of time. It's worked out so far. What laszlo probably saw, that others at the time hadn't really considered, was that doing an actual transaction with the coin might have the effect of gaining wider exposure for the coin, which let him do more pizza trades. So supposing he had a lot of coin, he could set a bunch of it aside for pizza trades to grow adoption, while keeping the rest of it as a stash that would grow over time. As he even would go on to say... 3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza. I mean people can say I'm stupid, but it was a great deal at the time. I don't think anyone could have known it would take off like this. He claims he's sold out all of this coins, but he very well may have stashed some away that he holds onto and just tells people its all gone. That's what I would have done had I been lucky enough to be one of the first GPU miners. I mean, imagine all the people that had at least 100 bitcoin when it hit $1000 in 2013. Were they stupid for having sold at least some of it? If you'd asked that question in 2014 or early 2015, the answer would have been a definite "no". But by today's standards was it stupid? Maybe? It's hard to say with the price where it is. Five years from now? Probably, but we're still not sure, network dominance in the cryptocurrency space might be a fleeting prospect. I get what you're saying, though, it's unlikely that Laszlo repurchased or started GPU farming coin at the $2 bottom in 2011, or at the $160 bottom in early 2015, but how many people are really that good at timing anyway? He had a family and wasn't going to keep GPU mining or FPGA mining and his time was probably better invested elsewhere than paying attention to Bitcoin. Not everyone can spend every waking minute on Bitcoin, after all. I guess my contention is with calling him "stupid", he got what he wanted out of it, can't fault him for that. I donated 10 BTC to help out the forum in 2012, so I'm an idiot as well, right? Now I don't own a single coin to my name because I spent all $10k worth of that coin I ever owned on the forum... I promise!  I don't think they were stupid. I think they really didn't believe the price would skyrocket so fast. That amounts to not really believing in bitcoin. Someone mentioned just buying more to replace what you spent. If you believed it would grow so fast you should buy as much as you can and as much as you can afford with every penny you have and hold, hold, hold. Ok, maybe the pizza had this great magical effect. I just believe it was more likely that the slashdot and gawker articles that happened at the same time were the real reason for the meteoric rise. You do know the largest holder of btc was the US government because they took Ross Ulbrich's coin away from him, right. Drug addicts and pushers (with the help of a few online articles) really put bitcoin on the map, not a pizza purchase. I doubt you can find anyone outside the members of this forum that even know the pizza story but everyone at the time heard of Silk Road. |
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Do you really think that the people who bought BTC cheap and held it all these years through the highs and lows were just "lucky"?
from experience most who held (from lows to highs) did so because they forgot about btc or ignored it for years LOL Yeah, that's what I think too. That's has more to do with dumb luck than mad trading skillz. Ver was an angel investor. I would expect him to have a bunch hanging around. This guy named James Howells bought something like 7,500 btc in 2009 and threw away a hard drive. He remembered he had some after the price went up and looked for the hard drive only to remember that he threw it away. That's like buying Apple stock at the beginning and throwing away the certificates. That's got to sting a little. |
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