I think we will see sideaway movement longer time,something really big has to happen to move btc price up
lower price will kill mining
lower price will kill mining? the difficulty is only going up. and that while the price has been going down for quite some time now. the only way i can see difficulty going down is when the price drops to low $100 if we stay in this current position for too long then the future miners will be so efficient that it will be profitable for them to mine even at a price below 100 what exactly do you mean with future miners? people who are going to buy hardware sooner or later to start mining? those who have dirt cheap power rates and already reached roi will always continue no matter what the price is, as long as they make profit. checks knc, they have announced their 16nm asic, more efficient , therefore less consumption(basically it is like approcing free electricity), it mean that they will make profit even with a lower price |
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I'm really fascinated at the amount of wishful thinking and pipe dreaming going on here. What exactly does it have to offer, and why is it not here already if it does make my (or anyone else's) life easier or better?
In short, if you're so smart, why are you so poor?
because you need money to make that happen, some companies are moving in that way, you just have to be patient...i guess those that say that people here have no patience, are right after all... moreover bitcoin is still viewed as a risky environment So you don't know what benefits Bitcoin provides (beside being a vehicle for speculation and gambling) that are worthy pouring money at. Should I remind you how little time it took till Bitcoin established itself in online gambling, trading and scamming? There are heaps of money searching for an investment opportunity across the globe, but this has nothing to do with pipe dreams and wishful thinking, sorry the benefits are there, you don't need to know it, it is all written on the internet, there are many attempts to use the blockchain not just as a public ledger, everyone know it, current problems has nothing to do with that, they are affecting bitcoin only not its technology i'm talking about what you can do with the blochchain technology And what exactly can I do with the blockchain technology, which would make my life easier but requires a lot of money invested? Why don't you just provide an example? I guess you are just making unsubstantiated claims in the vain hope that I will take your words at their face-value... No, I don't buy pigs in pokes this is a cool project http://joel.mn/post/103546215249/the-blockchain-application-stackbasically turning everything on internet(like virtual storage) into decentralized application, you can build a freenet alike thing in top of the blockchain it would be cool to have something like amazon c2 but in its decentralized version, so provided by the nodes or another example is in the gaming industry, integrating it in the blockchain http://www.newsbtc.com/2015/04/26/blockchain-gaming-moonga/what is really cool about this is the fact that you can be sustained by many nodes(which continue to expand the network every day) that have far more power than any centralized service, that you can find on the web while gold can offer a physical impact other than a mere value based on its chart, bitcoin can offer a virtual impact, with its technology both are more than just a trading assets |
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simple. buy an Sr. member account for 0.3btc (ish), enter a signature that pays you at least 0.001btc per post and earn 0.1btc a week. you'll break even and get 1btc in 3 months. P.S I'm not selling this account  maybe it was too expensive for him the better he bought a full member with a fairly cheap price around 0.07 then he can increase it until sr.member  whoops.. looks like I priced Sr. accounts a little high there. I looked around and it looks like most Sr. account are worth 0.1-0.2btc depends on activity Not just that, but there are "Potential" Sr. Member accounts that get sold for ~0.1-0.15 and you can easily have your account become Sr. Member in a week or two if you have the potential to make the required number of posts, those too constructive... yes pretty good idea buy a potential account sr.member at a price not too expensive and when an account has become sr.member then you sell at high prices, then you look for the potential account back at a cheap price haha better you create new acount and post everyday you can get SR in 8month and free not need any BTC// money creating new account then selling it after 8months will give less profit than buying and selling accounts with potentials not to mention that you don't need to post too much, and less chance to get banned too the market around, selling and buying account, it's pretty lucrative, now with all the sig campaign with so good offers but this is maybe not true if someone spam newbies account and sell these even for a mere 0.005, these account can be created like nothing one after another |
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It goes like this: Satoshi > Gavin > Community
Not like this: Satoshi > Community > Gavin
If you put the community in the middle there will be total chaos with no direction or cure. The community must go with flow chart A.
You got things mixed up. It is the other way around. It is community first, because if there wasn't community there wouldn't be a Satoshi to begin with. If noone supported his coin, then you wouldn't have heard of him. So you should put the community first, then the rest. without satoshi , there would not be any bitcoin nowadays, nor blockchain, it's satoshi that started this whole story that then has built a comunity, the comunity wasn't even aware of bitcoin, before satoshi made it public, so you point has no sense |
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Have you read the link completely? Their understanding of the situation doesn't seem to be good enough. BTCChina and Huobi shared concerns that a jump to 20 megabytes might be too big
They don't even state why. We've already concluded that the increase doesn't mean that the block size will be 20 MB tomorrow or if ever. We won't have increased costs of anything tomorrow, however this might change in the future. Besides we should have stopped talking about 20 MB blocks long ago as it should be 8 MB. I've already pointed this out in several places, but people don't seem to like reading anything before posting (not to mention doing proper research). As I've previously stated the best approach would be to increase the limit to 4 or 8 MB (depending on which is likely to get consensus) to give enough time for other solutions to be ready (e.g. side chains). here their reason, has to do with the bandwidth http://cointelegraph.com/news/114481/chinese-exchanges-reject-gavin-andresens-20-mb-block-size-increase |
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i dont understand bitcoin really are because many defintion , our opinion but in my opinion bitcoin really help for people who lost their job or no job for people who's had financial problem or some people poor it can be way of gaining knowledge about what topic they want to know or help some people who had problem to help ,
this is what bitcoin really is not, a instrument to help the poor... it was not born for giving a quick buck, it was born for an alternative to fiat money and they centralized system,nothing else, yet people are still using for acquiring more fiat people should do the opposite, convert all fiat to bitcoin |
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https://www.bitcoincloudservices.com/about-us/snip GABRIEL KLEIMAN uses the same address. Notice how the miners are so uniformed on the pallet racks against a soled brick wall sans any cables or computers attached to them. My guess is that they hash better that way since all the noise from those damn peripherals have been eliminated. it look like one of those fake photo to prove the integrity and the legitimacy of their mining facility, i'll never trust this site |
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I like it. It dwarfs the previous bubbles just like the other 2 bubbles have done before it. How many boom and busts do you forsee? Several, until we are a world currency. How far you are sure about the above chart and what backs it ? I think it is purely speculation. Looks predictable though doesn't it? sincerely it is just one of those random scenario that could happen, because you know...bitcoin must go up don't know why he choose 6700, maybe 6 and 7 are his preferred numbers or something, but every high price is a good price, the next spike should at least surpass the 1200, we should be pretty confident about this |
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I think we will see sideaway movement longer time,something really big has to happen to move btc price up
lower price will kill mining
lower price will kill mining? the difficulty is only going up. and that while the price has been going down for quite some time now. the only way i can see difficulty going down is when the price drops to low $100 if we stay in this current position for too long then the future miners will be so efficient that it will be profitable for them to mine even at a price below 100 |
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there is no difference in hacking your pc and steal your wallet.dat and hack your pc and steal your bank account credentials, besides that bank will cover your ass in the case they still soemthing
that is maybe the only problem of bitcoin, not enough security because you are in fully control of your money, everything comes with a downside, you need to learn to secure your coins better
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LTC? If only you picked Dash then i might sorta agree with you but with the current state of LTC, I only see is long term slow down trend.
maybe you mean monero, that at least offer something useful instead of being just a pure clone litecoin was dead long time ago, the incoming halving will not do much for a zombie coin dash was just another perfect scam... |
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The problem is knowing when that correction will come, and how big will it be. For example it could come say at $400, and you'd still make a lot of money buying in now. That's the fun part of investing, or I should say speculation.
for everyone that is really believing in the rise, this is the best opportunity to buy, but many of those are saying that but they are not actually doing it, there is still that small % of thinking that bitcoin might not rise anymore, and will remain at current price forever |
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well i was right they are selling in chunk of 10% of the total amount, to minimize the impact on the market |
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Just remember a bitcoin is a place holder for the speculative value that we the public assign to it. It has no intrinsic value, and as such reacts like a stock in the speculative market, meaning it is extremely volatile.
Nothing has intrinsic value. Gold has value because of network effect, just like Bitcoin. In any case, Bitcoin has more intrinsic value than Gold, because it's a lot more useful than a piece of metal. You obviously forget that this metal has many uses beyond just being a precious one. So you may want to think again which has more "intrinsic" value... the same is for the technology sorrounding bitcoin, it has more to offer than just being an instrument for trading, just think of what you can build on top of the blockchain that can make your life easy or better I'm really fascinated at the amount of wishful thinking and pipe dreaming going on here. What exactly does it have to offer, and why is it not here already if it does make my (or anyone else's) life easier or better? In short, if you're so smart, why are you so poor? because you need money to make that happen, some companies are moving in that way, you just have to be patient...i guess those that say that people here have no patience, are right after all... moreover bitcoin is still viewed as a risky environment So you don't know what benefits Bitcoin provides (beside being a vehicle for speculation and gambling) that are worthy pouring money at. Should I remind you how little time it took till Bitcoin established itself in online gambling, trading and scamming? There are heaps of money searching for an investment opportunity across the globe, but this has nothing to do with pipe dreams and wishful thinking, sorry the benefits are there, you don't need to know it, it is all written on the internet, there are many attempts to use the blockchain not just as a public ledger, everyone know it, current problems has nothing to do with that, they are affecting bitcoin only not its technology i'm talking about what you can do with the blochchain technology |
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I think not strategic land can produce anything. What items do you need? For instance daily items like milk or eggs. I dont think to produce that
items need a strategic place to be because you can just deliver it them no need them to come into your land to get it
Right but we need other criteria here, condition of land. How could you build a plantation or livestock if your land is not suitable for that? Because the badlands maybe, or bad climate there. there is one thing that people will always want, and they need forever
foods
this is the answer, build something that provide some special foods, or even a small supermarket, in a strategic zone, and you are done
Have you heard about the restaurant or food place into bankrupt because not many people that visit the place? That's why I said the strategic location is most important criteria to people when take land investment. both things are important it's obvious, the position of your investments and what you are investing in, it's kind the same with poker, position and your hand |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
investing only in gold is no guarantee of a good return you need to trade well, if you really want to make money from it, then leaving your money in bank is also fruitless because of the low interest, in the end you need to gamble and risk more if you want to earn big, and this is what many are doing now at the cost of losing everything, they continue to try again and again that route |
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I disagree with much of the conclusions. I will only tackle one because I don't feel like writing an essay right now.
The only reason that bitcoin is not useful as a unit of account is because it is not widely adopted. For example if I want to start a business making cakes I have to adjust to local or international fiat whether or not I want to. The suppliers that provide sugar, flour, etc do not accept bitcoins for payment yet. When they do this conclusion becomes null and void.
Edit: The second conclusion can be refuted in a similar manner.
this is vastly related to regulation, many merchants/suppliers are also waiting for regulation in they country, before start to move in the bitcoin jungle, they don't want to deal with possible hassle with their government in the future they want that everything is settled in the right way before starting |
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Actually only a small part of the "government" are aware of BTC threat and most of them are still lenient on it and perhaps dont know about satoshi at all.
I'm not sure about that, since each country have a minister that related to economy, technology, or social which the minister has to know about society issues that can give effect to his work like bitcoin. There is a difference between "heard of" and "know". Basically most people heard of BTC but that doesnt mean that they know the actual meaning of it and/or purposes of it. Most country even viewed BTC as rather an asset, goods or trading instrument which ofcourse they thought that it is harmless and not a currency that posses threats to their their economical system. Some country banned BTC because they knew the risk of it, some country do support BTC and most country are being on the gray zone for it because they have absolutely less knowledge about what it is and rather just treat it like goods instead Its up to the government if they want to know deeply or just heard of. But, if bitcoin affected the country economic system, the government won't just stay and let it be happen. Don't underestimate the government, we don't know what really the government will do about bitcoin behind us. Unfortunately, BTC posses no threat to the economic system for now. It is still treated as a stocks and not as a currency, the value of it is still being manipulated and it will be years from now before the goverment will be taking about this threats seriously. Basically the government could do nothing about it since it is a decentralized currency which means that any government wouldnt be able to put up anything to restrict it , best thing they could do will be banning and it will be absolute pointless because all you need is a simple internet to access your BTC (beauty of crypto world) there is another thing they can do(and probably is the best thing for us), instead of banning it they will propose something alike, like their own centralized coin, to steal users from bitcoin, by offering more security and better regulation, while leaving bitcoin as it is many will just choose the gov coin and leave bitcoin to criminal basically...this could damage bitcoin enormously |
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much more actually, there is no comparison with faucets, one is 1000 per hour and the other is 100k per post or around that, depend on your rank, but even if you are newbie, you can still earn 5k per post |
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another reason to have zerocoin here and immediately, one should always look carefully at his transaction, and try to left as minimum traces as possible, to avoid being traceable
funny how many were talking about why we need anon for bitcoin... this is why, my friends, i hate being fucking monitored by individuals like those, privacy is important
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