Greetings Earthlings, Who is interested in having their Bitcoin savings offline? I am thinking along the lines of paper wallets where the private key has never been exposed to the Internet. Paper wallets are pretty weak, let's be honest. If someone were to offer you a superior way to keep Bitcoin in offline (PHYSICAL) form, would that interest you? How much do you think you'd pay for an awesome physical Bitcoin storage product? I'd like to launch such a product on the market soon.  I know all about physical Bitcoins such as Casascius Coins. They seem like a novelty, but not really practical. What I am asking is: would you be interested in a practical, cheap, superior way of storing Bitcoin physically? Please be brutally honest! BTCBTCBTCBTCBTCAnyone holding a decent amount of BTC is going to be interested in ways ot keep their coins safe outside the menace of the internet. Haven said so, I dont think its really necessary to own anything else beyond a paper wallet and a couple isolated .dat wallet files encrypted and spread across a couple US pendrivers and hard drivers.- Should do the job just fine. |
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I still have no idea how one would properly estimate capital gains for Bitcoin. In my case, i've done thousands of small different trades... some in exchanges that are long gone forever so I lost the actual trade data... that not counting the fact I sometimes mixed coins. How in hell is one supposed to inform IRS or whatever and get it properly taxed? it's basically hell keeping track of it after a point.
well it is your fault, i don't think that they care after all, they will tax you regardless, if you exceeded a certain amount, and you gained from your trade the tracking before the birth of the rule for bitcoin by irs, should not be counted i think, but i'm not entirely sure about this another note, what about if i send all my bitcoin abroad and i exchange them in a foreign exchange(after a gain on trading), then i transfer the funds in the usa, the taxes are the same? there are different rules? They can have no idea how much BTC you have unless you tell them. How in hell can they even know? there's no way to know considering you are using mixers before paying (before linking a transaction with your personal credentials). Everything that isn't linked to your credetials is invisible to the clueless IRS. |
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It hasn't even begun. We still need the Winklevoss brothers coming up with Gemini. Once it starts, all those old, decrepid old money holders will get interested into BTC since they were never able to understand how to buy before, now it will be as easy as buying one of their precious Exxon or whatever stocks they like holding nowadays.
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I just paid my recent tmobile bill by exchanging to fiat.
stay away? then how would I pay extra bills laying around, the normal person including myself struggles so it should be more of how can I get more that coin instead while it still has value.
The next step is paying bills directly with Bitcoin, but for this we would need severe regulation im afraid. I also don't like the idea of goverment related institutions having my BTC address, even if it's a fresh one and even after going through a mixer, which would make any attempt at being an annoying know it all taxer go to hell, but even then, I don't like the idea, but at the same, it's annoying having to convert to fiat to do certain things. |
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25% of 2015 has passed, it seem this prediction is not perect.
No prediction is perfect, but things are shaping up nice lately, the problem is people are too busy being at home looking at bitcoinwisdom.com 24/7 instead of getting involved and talking to actual developers/investors. Things are going in the positive way, sooner or later will translate into the price, but likely most weak hands will not be here anymore to celebrate. Such is the life of the pioneer. |
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I give you 3 options 1 bitcoins 2 Gold 3 Stock market And if you are looking for quick returns then just forget it.. you cant make quick money from above 3 products. You have to be patient because all these investments are for long run. And if you are looking for quick money then i suggest you to go for betting on sports.  There are more options, you can for example buy good whiskey wine or even art if you like. Silver especially in the form of old coins can be a good investment. Art is too difficult to nail, you never know what will blow up in price, same goes for stuff like whiskey. The stock market gives you the opportunity to invest in anything you like without having to physically own the stuff you want. So instead you could buy stocks for some whiskey factory or for some art convention, rather than owning the actual stuff which IMO is for rich people only. |
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I don't think so, bitcoin is still complicated for the average Joe to use it. More bitcoin services which focus on the user friendliness will make bitcoin mainstream ready.
It's clearly far from mainstream use, but you can see the potential. QR codes come so handy when trying to do person to person payments. When BTC came out QR codes were still pretty weird and we had to deal with copy pasting long ass weird addresses, now QR codes save us. So steps are being taken into the right direction. In 10 years things will be so advance our minds would blow up right now if we could see it. |
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Im sorry but I just can't believe you just bought 10K BTC like it's nothing without providing any proof. IF you are going to go as far as saying it on a public forum, you could at least provide some sort of evidence.
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Why is Bitcoin tied to Fiat? Why is Bitcoin value moving like a stock? satoshi said the value will be derived by the limit of total coins. But we are seeing the opposite. Why dont we mathematically calculate the value of bitcoin according to the amount of bitcoin mined?
Like
Agreed Value * Bitcoins Mined = New Value
0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020
We are still on the early days and predicting the future and outcome of Bitcoin is not as simple as doing a couple math formulas and expect things to fall into place as time passes. The thing is, we don't know. What we do know is, we are on the right track, things are moving, look around beyond the damn price. |
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I have USD 2000 to invest. Should I buy Bitcoins or gold?
what you prefer can hold upto 1 year
Why don't you post the same question in a gold investors forum and see what they say.  They'll of course tell him to buy gold. The difference is gold is boring and deprecated, while Bitcoin is new and exciting and it hasn't even begun. The gains to be made aren't comprehended until we see what happens in 5+ years. Meanwhile the gold market is not subjected to much change. |
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fake bid
Most likely, but i've seen big walls that seemed fake being eaten at ridiculous speeds. for some people 5000 BTC is spare cash and those millonaires want BTC at a higher price and will do anything it takes to make the price go up again. |
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I suggest high grade notes (paper wallets) for retirement that use the private key method, this ensure by the time you retire it will still be accepted. (instead of a wallet.dat) make sure you have multiple in different locations in case of looting, fire or who knows. I would essentially treat it the same way as high end physical bullion.
For some reason I trust lots of electronic backups more than paper. Paper is prone to deteriorate with time. You would need to put it inside one of those plastic sealed bags or something. A combination of both is most likely the best way for long term storage. |
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Whenever you see the government and official institutions showing interest about Bitcoin is because they want to rip it off and use features of it for their own evil intentions. They for example want to take the blockchain and adapt it to the fiat scam, which would basically be a big catastrophe. Don't fall for their traps.
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For me the "internet of things" is still a cool sounding buzzwork, but I don't see the benefits from having, say, microwave oven and a fridge that's connected to the internet. Isn that a bit over the top? this being connected to everything constantly is getting pathological imo.
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Sounds like a HYIP type operation with early investors banking on Bitcoin blowing up.
Sorta like a "Legit" Ponzi scheme, if there is such a thing. If Bitcoin goes to zero, these guys are going tits up for sure.
No one that gets on the Bitcoin ecosystem believes "bitcoin will go to zero". When you get into this you have real reasons to do so. It's reasonable to think Bitcoin is not going to zero during our lifetime. |
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Few minutes ago I had a meeting to explain the blockchain to some middle management of the company that I work for. They wanted to understand what the company can offer to a NY bank because the bank has a budget item to invest "in blockchain", whatever that means.
What all those idiots seem to still don't get is the fact a blockchain is not going to properly function without an highly active cryptocurrency, which renders using anything that isn't Bitcoin stupid. |
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At what hour do you get caid? because I counted 35 posts from 04/22 to 04/28, but I only got paid 28 posts. I made 7 posts in day 28, which would make for the total 35 posts I counted on that week, which means I did those 7 posts during the 28th when I already got paid, so it got reset and those 7 posts are counting as part of the current week.
Hope this makes sense.
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Conclusion:
They shut out greece, and the problem goes away but learned as a lesson to themself leaving greece shit out of luck to find other ways to get some sort of bail out money. Country goes under and forces to leave the country.
Or they start doing what china does with their cheap labor costs attracting more business.
Well somebody will have to accept the write-offs, 'cause the default is coming like it or not. The thing is, Greece is just one from a long line of insolvent EU countries which will all have to default at some point, or they'll simply cease to exist as functional societies. It doesn't matter what the morons in power (of countries, banks, or EU institutions) want or talk, in the end gravity always wins... |
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It occurred to me that there is a simple way to predict the price of bitcoin. Start with the equation V = U + R*P, where V is the amount of money (or money equivalent of goods and services) disbursed by new investors (in $/day); U is the amount of money (or money equivalent of goods and services) collected by holders who are divesting ($/day; R is the block reward volume, now 3600 (BTC/day); and P is the current price ($/BTC). From that we get P = (V - U)/R. Now you only need to predict V and U.  You have invested in a pyramid and come up with some formulas??? Come on!! Open your eyes. This ship will sink. I said it when it was above 1000 dollars, and I will say it again at 200 dollars. Of course you come here celebrating your "prediction". The question is, will you be here admitting defeat once BTC goes back up, or will you quietly disappear until another bubble burst cycle happens claiming to be a magician that predicts the future? duh. |
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I think bitcoin would be world standard digital currency, I mean we can buy things with bitcoin more easier than nowadays. And there's more like money changer that change bitcoin into another currency like USD for example, because you earn bitcoin online and you wanne buy something that can't accept bitcoin as its payment (food, etc)
there is a high chances, that bitcoin will work along with other alt, or more than one, a standard new way of payment, you will have at the end the same table as of fiat right now, where every state uses their own digital currency, especially if some bitcoin problem will not be addressed(like faster confirmations) There are only a few states (such as Panama) that use other country's currency for legal tender internally (e.g. the US dollar). I don't see why a government would want to switch to a decentralized digital money (be it bitcoin or some other cryptocoin)... They gain literally nothing by doing so, since it would be pretty difficult to tax, even tho im sometimes worried to do shopping with Bitcoin because the blockchain is at the end of the transparent. Would mixing the coins be enough privacy protection to not show your total BTC stack? |
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