I would sell all of the alt, wait for the inevitable price collapse and buy back the same amount of the alt for future pumps if it was a coin I felt had a future. Let's assume I can buy back my 100 BTC worth for 30-40 BTC post pump.
With that spare 60-70 I'd park 25 BTC in cold storage. Maybe 10 would be spunked on other alts in wild bets. The rest would be spent on travel to very weird places. It's about time crypto delivered some fun for me.
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Certain people destined to fuck up would suddenly find it an awful lot easier. Plenty more people locked into a corrosive cycle that they don't particularly want to be in would stop fucking up.
Vast amounts of money would be freed up. Armies would have less to do. Violent buggers would have less to do as well. Millions of lives would be spared strife and destruction.
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It's probably the purest definition of whack-a-mole that there'll ever be. People like drugs. People like buying things online. Once someone manages to successfully decentralise it, though I've no idea how you could do that in terms of escrow, they'll be with us until the end of time.
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I use mobile wallets exclusively. I assume Mycelium is safe, right? From all I've read about it here, it seems to be at least one of the preferred wallets.
And how about the one by "Bitcoin Wallet developers" for Android. That's one I saw on the app store, and it's one that comes up second when you search for "bitcoin wallet".
I think the issue is with Android itself. No one ever seems to give its overall security any thought. They just assume it's fine and press on. Considering how much lucrative info is on the average phone these days there are going to be ever more attempts to gain nefarious entry into it. And in this particular case the second problem is a 'feature' of the OS and it's exposing your data to google. I can't imagine their security is anything other than exemplary but you never know.
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There's Wimbledon or the french open, there are great shows where hardly anyone cares about the citizenship of the players.
There are tons of non Olympic athletic tournaments but no one appears to give much of a shit about them. Even then they're often fielding national teams. I think it's the tribalism of the Olympics that resonates in many a heart. And for me at least I don't think there's a single Olympic event I'm remotely interested in watching. I do like the winter Olympics but mainly for the scenery.
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Thanks everyone for your input! It's greatly appreciated. I've often wondered what people do when they win Bitcoins from a foreign online casino, for example, and whether they owed taxes to the country where those Bitcoins originated, in this case the foreign-owned casino.
That depends on where you live. In the UK there are no taxes on gambling winnings at all. If you live somewhere where you are taxed, you'd pay taxes to the country you live in. It's your windfall therefore your nice problem to have.
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1800 coins a day would be a fearsome rate of loss. As a pure guess perhaps 10-50 a day go up in smoke when keys are lost when every user is added up. Lots still don't pay enough attention but it's likely to be piddling amounts per person.
However I'm sure eye-watering amounts were deleted or lost in the earliest days. When 50 BTC worth nothing were arriving every ten minutes like clockwork you would've been inclined to throw them around.
I wonder how many people here would've been diligent with them at the time. It's very easy to claim you'd cherish them in retrospect but at the time it was nothing more than a weird program that locked up your laptop and made it noisy while producing meaningless numbers.
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I'm guilty of sometimes leaving respectable amounts on mobile devices. For some reason I don't think of them as anywhere near as howlingly insecure as a PC is, yet I'm sure there are plenty of issues that I'm blithely unaware of. Must use more paper.
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Crypto currencies and Bitcoin did not fail you my friend... The idiots running these third party services failed you. I can understand your rage, because I have lost some money on other exchanges
Those pesky humans are always going to be a factor. Third party organisations are a necessity for the foreseeable future to facilitate usage. It's up to users to support the properly operated ones rather than follow the blind greed. That's easier said than done.
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The more ludicrous he is, the more his supporters will love him and the more the waverers will side with Hilary. It's a win win. He thinks he's going to be awesome until the results come in.
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Um, why would the ravaging of the largest USD exchange trigger any type of rally? That seems like rather bad news to me however you wish to look at it.
There are only so many traders and they only have so much money. A lot of both might just have left the market.
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Competition and the desire to push limits is an innate human trait. It's obvious that something like the Olympics will always exist.
What shouldn't exist is the insane expense and political/financial backroom weirdness. Local taxpayers shouldn't be burdened with decades of debt for facilities that may never be used again.
Build a permanent setup in Athens and be done with it or have inflatable stadiums that go from country to country.
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bro see around the world .......... who is suffering more ?? they are muslim who suffer on the hands of the europe and america ....... and still blame muslim for terrorism.......... u can't see the hundreds of people murdered in palestine, syria , iraq, kashmir .......... so why blame muslim for this terrorism.......... why should only muslim deported from italy ? Hmm. Who are the most numerous victims of Islamic terrorism by a long way? You guessed it, it's Muslims.
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Yes. It's totally possible in the same way that being hit by a meteorite is possible.
It's guesswork/gambling and you'd need to risk a decent amount of Bitcoins to do it. If you'd put in money when certain coins launched like ETH you would've gotten huge returns.
If we take another example, XEM was trading at 30 satoshis at one point and was pumped to around 2800 a few weeks back. If you'd timed it perfectly, which is impossible for most, you could've turned around 12 BTC into 1000.
But even if you had timed it right, I seriously doubt there'd be enough volume to get 1000 BTC out of a market at the highest price.
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That's still about 16 cents more then nothing, which is amazing considering they just pulled this thing out of their ehhhh... they made it appear out of thin air I mean.
It is indeed something. Just goes to show that people will trade anything as long it's on an exchange and has a number attached to it. I might issue my own ThinAir tokens.
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This will keep happening again and again, the only solution is a decentralized exchange so no single point of failure exist...
I don't believe this would be permitted to happen with places like Gemini, Itbit and Coinfloor. Anyone with a few minutes to google would quickly work out that Bitfinex is no different than all the other piece of shit Bitcoin companies of the past. No regulation, check. Murky beginnings, check. Lack of communication, check. Uncertain jurisdiction, check. Pisspoor track record for stability, check
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Would that mean surrendering your rights to get back your money?
That seems to be the consensus. People with legal advisers have been told that if they accept them then they're also absolving Bitfinex of paying them back any further. And this line is from Bitfinex regarding them - By transferring a token to another person, all transferors thereby assign to the respective transferees any claims that the transferor has against the Bitfinex Group on account of the Losses.
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just wait to see how bitfinex token is going over 1 USD. customers will get a refund and bitfinex will make some more money!
What incentive would a non bagholder have to buy it? I find it bizarre how they've rolled it out without being clear about timings and obligations. No one knows enough about it. I suppose that never stopped brainless pump and dumpers before. For those who lost out's sake I hope it does go the moon for no particular reason.
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