Sure, if we can agree that the only point of dollars is violence.
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Better question: how long until we're measuring goods and services in bitcoin rather than measuring bitcoin in fiat value?
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YT video with ratings disabled + financial advice = scam
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It hasn't even started yet, you won't be on the forums asking questions like this when bitcoin goes viral.
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Bitcoin was just an investment? Im coming closer to conclude that
So was oil.
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They will, but not yet. Check back in 3-4 years.
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You have to give it time. Bitcoin didn't rise from $1 to $1200 overnight. It took years and it won't rise from $300 to $5k overnight. It'll take years. I think it's a great investment for long term BUT most people can't see that far.
Main reason price is suffering is because we have attracted too many day traders and short time investors since last October. They invest 100k and they're out when they've turned it into 150k leaving the market to suffer. There are millions of them in crypto + bitcoin. They need to leave.
Traders are not the reason the price is 320$. The price is 320$ because the technology is great and Bitcoin will grow. Traders provide liquidity and help find the correct price faster This guy gets it. Traders aren't hurting anyone. Anti-bitcoin policies from Chinese dictators and scams lime Gox did the damage last year. That's over now and it's time to move on. $300 coins means it's buy and hold time. OP is just yet another butthurt getrichquick failure nobody.
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I don't think the US Government would have came at him so hard if he had not instructed others on exactly how to avoid the law.
~BCX~
This. They are punishing very strongly when you show you are against the State and taxes and tell people how to avoid taxes. Gotta make those terrifying examples so the other sheeple don't get any ideas. This is herd management 101. Think of government as people-farmers and it all makes sense.
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Worst performing instrument of this year.
Congratulations.
Bitcoin is not an investment instrument, it's a social experiment. Congrats on worst thread of this year.
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Believing New York State could kill bitcoin with regulation is like believing that Homo Sapiens could destroy the universe by polluting Earth.
Absurd.
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China: 2 billion people Taiwan: a few million
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100... million.. dollars! *pinky to mouth*
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Happy festivus to all my fellow rational folk, happy Holy Days to all of you who still believe in fairy tales.
P.S. Bitcoin is the atheism of money, in that it is observation based, rather than trust/faith/magical pixie dust based.
"No gods / no masters" = "No trust / no middlemen"
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wow. I really enjoyed this speech and thought it was rather brilliant.
it starts out kinda slow but gets very interesting and builds to a great finish. another intellectual tour de force by Andreas.
Yep, that was my feeling as well, he's an incredible speaker.
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Some people on here completely troll on him but I listened to this Youtube video about him explaining the new regulations. He seems to be okay to me. Of course I would want Bitcoin to be completely unregulated, but that just isn't realistic. We all know that the government is going to be monitoring and taxing this somehow. From his actions so far, it seems reasonable and it seems like he is trying to work with Bitcoin but also do his job. https://www.youtube.com/watch?v=dvlmN1wb9jYObama said he would bring Hope and Change in his speeches. He brought socialism and debt. Turn off Fox news, you sound like an assclown.
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The brain wallet is a tool with unparalleled security, due to the leverage afforded by truly invisible money, that follows you everywhere.
You can go to any computer (or smartphone) in the world and print money, and no one will know you have satoshi. You can do this with any amount of wealth.
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You need to repress your fear/greed feelings and act with logic. Buy low / sell high.
Any and all valuations of btc in trade for fiat scrip are hideously low by definition. The people of the future will look back on the selling of btc for fiat currency the way we might would look upon trading a $100 bill for a couple of rare seashells. Note: Seashells were once used as currency.
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...save the little left that you invested?
Or are you going to buy more?
The more it goes down, the more I buy. If it goes to $100, I'll buy even more. If it goes to $10, I'll buy even more. If it goes to $1, I'll buy even more. I suppose I could watch all my value evaporate and the whole experiment could fail and disappear, but I'll ride it all the way down to the end. If it ever gets to the point where I can buy 1,000 BTC per $1, I'll just buy up all the available bitcoins and own it all! That sounded kinda crazy, if you buy it all, then it would have no value, since no one else would be using it. Impossible to buy it all. Most (nearly all) of the btc I control is not available for trade in fiat, and won't be until 2021+, if ever.
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