maybe big investors are holding their money for now to decide the next move, some of them might consider crypto like bitcoin as a new big form of investment
if the price start to climb fast you know that this is the reason
They will all chase the dollar moving higher while all the private assets are dumping, so they will short them. You forget that people can make money shorting as well as long. Armstrong predicted this for October 2015, since decades ago. who is armstrong? i know that you can short while the price go up, to take advantage of small swing that may occur while we climb, but if the pump is strong enough and rise fast, it is better to hold an dsell at a certain target then risking to lose money via shorting i prefer to short in a down trend |
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aurora was simply a shit coin with false promise, it was premined around 50% with the promise of a good distrubution among the users of iceland, which i doubt it ever happened in the first place, and surely was orchestrated in a shady way
it was an huge pump scheme for sucking money from poor icelender, the dump in fact happened before the distribution leaving those that should've recieved their coins with a worthless bag
real good distrubution that happen naturally like with bitcoin, and lasts many years it's a completely different thing and will only help stabilization and dismiss big p&d
Ok, did anybody try really wide distribution without any scam ? they could do it via signing msg, everyone post his btc address and sign it then for every genuine member that do this he will be reward with a portion of the supply of a the dev's pos coin I agree that it's better to have narrow distribution than lack of features. I also agree that ideal coin must have both. But is it true that wide distribution inevitably results in lack of features ? Why not distribute it widely and allocate 20% for features slowly payable to devs upon completion of milestones. Did anybody try that model ? If yes, was it failure ? no none has done what i've sayed in that post, actually i never thought of this thing, myself, i don't think it's a good idea to give 20% to dev, cryptocoin are not based on a dev, dev should not get anything if not the same amount that he will give to everyone |
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already done that my day job is signature campaign lol, job kill your life, with signature i can earn comfortably at home without paying any taxes on it, because i'm not selling bitcoin or anything, this is the best part of it
being payed directly in bitcoin with those kind of activity is fantastic
But when you want to buy something with it what are you going to do? Say for example, that BTC goes to 10K in the next years and you can afford a nice car or real state. How can one buy that with BTC without getting it taxed? When they ask where the money comes from what will you say? it came from "sig campaign?" i ask because a friend made a lot of money mining and a little with sig campaing too and is on the same boat. Has never sold or bought with fiat so goverment has no idea that he owns a couple thousands in BTC. bitcoin can't go to 10k without rising its usage all around the word, i mean there isn't a thing like bitcoin will have a high price but it's still not mainstream, those two thing go together so at 10k, it's very likely that many shop will already accept it, and aside from this there is open bazar coming, or if you prefer to use them now without dumping there is all4btc/purse.io |
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I prefer bitmaintech.com doing this slow growth model. Rather then the price war with spondoolies sp20
Dumping the s - 5 at 310 usd back in dec and jan crashe btc to 180. I am hanging in until sept and hope for new gear then I will buy some and mine with my winter power prices from October to May . Then sell it off into hopefully a pre half-ing price jump.
The plan is revealed so let's see if I can do it.
Judging by used s5 prices, bitmain will give us all a price shock for S7 Perhaps, slowly buying some coin right now is advisable. If price goes down, hold until halving, if price goes up-you will save on btc numbers for S7. Buy and hold is soooo very boring. I suppose I. Could grab four or five coins. i find it very hard to resist, in selling your coins, everyone want always to invest to move his money in some way if s7 will cost not so much you will have two weeks to buy one and make a good profit before the diff begin to climb again |
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How too get "rich"
You need to know what exactly is rich to you?
Are you considered rich if you have your own car and house?
Are you considered rich because you don't owe anyone money but you can eat 3 times a day and have a good and peaceful life
i think this is what everyone is looking for in the end, rich for them mean no need to work anymore no matter if you have big house, luxury car ecc... which is the same poiint as above that you stated, being a truly rich person is a nother different thing, it has to do with luck for a big percentage... |
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Don't forget that anything that runs in electricity can go down. That's a scary part about Bitcoin, it doesn't survive a societal breakdown where ppl are "off the grid". What happens to the block chain in that scenario?
It brings new meaning to "cold storage"!
back ups are made for a reason, you cna buy a powerful apc smart ups of 1500w and be safe for a very long time up to 1 hour, it depend how much you consume so if every miners has many of those(a bit expensive but feasible) they cna in theory be online when a black out goes live |
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Bitcoin is on the way to mass adoption, in a rising trend in almost every aspect.
It is the growth that matters .I would Bitcoin
Totally bro, its 293$ right now as we speak, no doubt it can go to 300$ soon, then 400$ then 1000$ and so on! or was $1200, then $1000, then $800, then $600, then $400, now $293 then $200, then $150, then $100 and so on! No one has a crystal ball. well but that already happened, i doubt it can happen again in the same way, it's clearly the time for a pump now it can't "dump" forever... gold on the other hand is approaching a good dump, and money that leave one field will enter in another one |
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Think it is too risky. Do you really earn enough by mining or trading? Can you mine enough? Can you trade enough remembering margins are thin? Holding is not the answer as value can decrease as well as increase.
it depend if someone has already a good amount, let's say 1000 btc he can quit his job even now and wait for the price to rise, at 1k per btc he is rich enough to live without any job I don't know where you live, but in The Netherlands you need to do some smart investing to retire with 1 million USD.. I think you need closer to 10 million to be able to comfortably retire (with a nice standard of living). i think 10M is way too much, you should define better a "nice standard of living", because as i see it it's not only a matter of where you live, but more of what you want from your life, personally i do not want a lot, so 1M is sufficient for me |
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they cannot deal with fees as good as bitcoin deal with it for the time being, and for the future too, this is the only good argument that can encourage average joe to shift, i don't think they really care about decentralization...
so unless most of the world want to waste money on fiat they will wake up one day and will say good bye to the bank, bitcoin will force this anyway, when a portion of the full adoption is reached
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The idea of Bitcoin becoming a national currency is scary
why? i believe it would be a good idea, people wouldnt be more independent as they wouldnt need banks and the price would be more stable if countries start to accept it the biggest benefit would get rid of that scam called exchange rate which can rise to 3% from fiat to fiat, but it would also lead every banks against bitcoin and probably governments against bitcoin, because they will lose their edge... |
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banks can do it in a way that when you register an account with them you need to leave your pc 24/7 which will work as a full node, this mean that anyone can be his own ledger
every movements of his money would be seen in his account and in this way the ledger would be fully transparent
cost would be less for them especially for fees, they can remove all those useless fee for withdrawal deposit, maintanace ecc..and the same for transaction time
as i see it would be like having your own circuit and removing the need to use visa and mastercard or whatever....
Thank you for your time, dude. Your reasoning makes sense. Only, I think it would be ok for companies to keep a pc going 24/7, but I, as a private, would never do that. But why would they want to have transparent ledger? People go to bank for privacy also. yeah i was thinking of that too about the 24/7, but i can't find a better alternative for now.. maybe with their blockchain you can have something like pos coin, were you mint(just an example they will not mint anything) without the need to have your device online 24/7 transparent ledger could help for example, new comers for that bank to decide if that bank is good or not, by seeing how many transaction that same bank can perform per day |
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it was intended by satoshi to work in this way, mining is not casual anymore, but anyone with cheap electricity can still jump on the train
btw that video is from 2013, referring to 1200 ath....
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Halving will not have any effect on price. There will be 3/4 of all coins in rotation already. It will only have effect on difficulty...
a maximum of 1800 coins will be dumped only per day in comparison with 3600 of today, which is 500k+ less to absorb, how is this not significant? 1800 coins per day out of 100's of thousands of coins traded per day is insignificant, but the inflation rate is reduced from 8% to 4%, and that should have a small long term effect -- perhaps 4%. as i see it a reduction of 50%(from 8 to 4) is equal to an increase(of the price in the long term) of 100% so 4% is not right, unless you think that right now we have a 2% effect on the market.... |
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banks can do it in a way that when you register an account with them you need to leave your pc 24/7 which will work as a full node, this mean that anyone can be his own ledger
every movements of his money would be seen in his account and in this way the ledger would be fully transparent
cost would be less for them especially for fees, they can remove all those useless fee for withdrawal deposit, maintanace ecc..and the same for transaction time
as i see it would be like having your own circuit and removing the need to use visa and mastercard or whatever....
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the efficiency of future hardware generation will be tiny for every new tech that will come out, in terms of gain the % will be ridiculous low with the future machine
unless some new material will be discover that can boost to a new level the production process and miniaturization
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Think it is too risky. Do you really earn enough by mining or trading? Can you mine enough? Can you trade enough remembering margins are thin? Holding is not the answer as value can decrease as well as increase.
it depend if someone has already a good amount, let's say 1000 btc he can quit his job even now and wait for the price to rise, at 1k per btc he is rich enough to live without any job |
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so you payed around 5 btc for all those equipments?
your current hash should be 4400 gh/s x 0.04 a day x 120
it seems a good price, they are probably used machine
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For example I talked about bitcoin everyday, and my Grandpa is planning to buy.
at least she understand what bitcoin is about? or you told her that they are just money? i think the problem with those that feel unsecure in using bitcoin is that they can't understand it well and how ti work, besides being lazy for securing their wealth She? hmm okay that grandpa dont use bitcoin as his investment, imo it just be his asset, so he can give it to his grandchild one day. Do you really think a grandpa will understand about the complexity of bitcoin? "he" ops...need to know about the basics, at least how to secure it, at least to avoid losing his investment |
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i would say be an holder and a buyer, with this current price it's should be easy for many to buy a good portion of one bitcoin at least Well you will become a trader anyway, cus eventually you are going to sell with a big chance you will buy again.
i think he is going to hold until bitcoin can be used everywhere, without the need to dump for fiat |
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$10,000 sounds good, but when Bitcoin reaches that price it will be widely accepted everywhere.
No it doesn't. Impossible. 15,000,000 coins x $10,000 = 150 billion market cap. Way too small to be widely accepted. Add three extra zero's and you can say it's widely accepted (or starting to be) you're basically saying that we need 1 satoshi = 1 dollar to be widely accepted, the definition of full adoption should be something like "if at least 1B people use bitcoin we can consider bitcoin adoption basically complete" with 100Trillion to 1Quadrillion it mean that the average world wealth will be 1M, even accounting 4B people(excluding childs and some other) we still have 250k average for each person, too much if you ask me |
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