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Hahaha NO. Don't you know back in 2013 all big banks in every country essentially waged war on Bitcoin?
Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.
BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.
Notice how Bitcoin has for years successfully defeated all opposition?
Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years??
Today we are probably 1% adopted in the world.
Wait until we are closer to 3% adoption in the world.
Once we hit 4% adoption in the world, then Bitcoin = mainstream.
Let that sink in.
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A bill called "The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017" is passed in India. If the draft bill gets the nod of Parliament, it will empower the Resolution Corporation to cancel a bank’s liability or alter it to another security. When we deposit money in a bank, in a savings or fixed deposit account, it is based on the promise that the bank shall return the money on demand. Essentially, any money you put in a bank is a form of an unsecured loan you give it. However, with ‘bail-ins’, the banks would be empowered to simply refuse the repayment of the customer’s hard-earned money, or in some cases, issue securities like preference shares, in lieu of the money. These deposits would then be used for the recapitalisation of the ailing bank. * Banking on legislation - The Hindu. * Should Depositors Fear The New Financial Resolution & Deposit Insurance Bill?. I am in the process of studying banking service regulations and legal framework of other countries. What's your opinion about such kind of move? Do you think such laws would force citizens to adopt the concepts like "Be your own bank  " This would hurt the banks' ability to compete to get deposits. Period. This would dissuade depositors of wanting to keep money at an Indian bank and would encourage offshore banking - say bye bye to money in India. This ultimately ends up being counter-productive as the less deposits eventually leads to less capital for the banks! LOL |
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Starting to feel the same way as I felt back on the MtGox Peak in 2013. The world is mine... Too euphoric. Also seeing too euphoric comments everywhere... Hope this one will not end up like back then...
Yeah... I hate to also be that guy, but it does feel almost exactly the same: Nov 2013: Bitcoin dips from 800 to 600, then takes off. (First selloff) Check Nov 2017: Bitcoin dips from 8000 to 6000, then takes off. (First selloff) Check Nov 2013: Bitcoin breaks 1000. Euphoria ensues. Check Nov 2017: Bitcoin breaks 10000. Euphoria ensues. Check Nov 2013: Bitcoin starts jumping 8-10% per day. Check Nov 2017: Bitcoin starts jumping 8-10% per day. Check Dec 2013: Bitcoin hits 1150, then majorly crashes. Major FUD bad news that no one anticipated comes out of left field. Check Dec 2017:  ?? Well if history repeats, it's not like anyone didn't know...  Crossing my fingers that this time it really is different. So what's the problem? Hodl. If it is indeed a pattern, we just do it again in four years. At $100,000. While you are correct in that you'd just have to wait another 4 years to get a new all-time high, the answer to your question of what the problem is that it will burn a lot of innocent faithful crucial new adopters distributed across nearly every country in the world. This could be bad for adoption trajectory. The release of bitcoin futures that will be settled with no actual delivery of actual bitcoins may be the tool the central banks needed to subvert bitcoin into submission. It may take a couple of years where things are fine and dandy for them to establish dominant volume at first, but once the dominance is established, manipulate and subvert.If either or both of above are true, there could be scenario where a new ATH may become....much tougher... (im talking about getting past somewhere much higher than today....like 20k or 50k...passing any new ATH past here with high volume on bitcoin futures....not good) |
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I will suggest those who got free for holding Bitcoins should not hurry to sell. It is free after all so nothing bad for holding few months to let the developer make some significant progress. BTG has started to see some support like trezor and more listing will be as well. These things draw a bigger picture good to let them sit in wallet. At least the price is so low now that i am willing just to sit on free BTG (obliviously i did not buy any) for months.
Yup, not bad at all, a little poor start, but going on after all. Also Bittrex is now trading BTG, good signal.  Yah I would wait until Bcash came back down to earth and Bitcoin gold surpasses it. ...that might take 6 to 9 months though... Altcoins are heavily risky and scammy though (especially Bcash) I'm rooting for Bitcoin Gold! Also mining it.
[SNIP]
Any "Bitcoin Gold"-like offshoot of Bitcoin that is GPU mineable, leverages Bitcoin's blockchain and user wallets, keeps scarce supply, open-source, and small blocks, I am all for.
In the longterm, I see no reason why this altcoin wouldn't be worth more than 1.5x price of altcoin "Bitcoin Cash".
In fact, I wouldn't see why the combination of coins of ["Bitcoin Gold", Litecoin, Monero, Vertcoin, Groestlcoin] wouldn't be worth more than 5x of altcoin "Bitcoin Cash"
Today in market cap terms; we have
altcoin Bitcoin Cash $21B
altcoin Bitcoin Gold ~$2.5B
litecoin 3.3b
monero 1.9b
vertcoin 0.2b
groestlcoin 0.04b
I predict longterm 1BTG=1.5"Bitcoin cash"; currently 1BTG = 0.12
I predict longterm [the combination]=5"Bitcoin Cash", currently [combination] = 0.38
Thus I predict a hard fall in relative terms for BCH
For the time-being, I'm mining Bitcoin Gold.
And I am holding onto both my Bitcoin Gold, as well as my real Bitcoin.
Go Bitcoin Gold!
[for reference, today, real bitcoin sits at $110B]
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Wow! There's alot of great commentary here! Keep it up everyone! For the adults:
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth over $110 billion USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system.
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Venezuela is suffering from worst hyper inflation and people are struggling to even meet their daily needs.But now,bitcoin has now come as a blessing for venezuelans since huge subsidy is given for electricity there and almost electricity is almost virtually free.
This has made venezuelan people to switch to bitcoin mining and it has gone very high that government has started to face huge electricity shortage.Police has started to arrest people mining with the charge of misuse of electricity and money laundering.
But still,people continue to mine bitcoins secretly.Bitcoin which has been more criticized by some has now started to prove that it could even turn life of people upside down suffering from economic crisis.Same model cold even be followed in zimbabwe and other states suffering from econo mic crisis.
Geez, yah, people just trying to survive. |
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Cannot wait for the 2018 update. |
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Africa is covered by demand for crypto-currencies !!! Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems. Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region. Bitkoin.Africa was launched by a team of Nigerian developers on October 1 Have a nice day, everyone! Probably the greatest bitcoin achievement in the history. Yet i am still hoping that it could go through to the poorest countries around the world. There are really good developers in nigeria they used create games yet now good to say they are also adopting Thumbs up! Africa with Bitcoin is currently led by South Africa, Nigeria, and Kenya. |
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Any Catalonian's or Spaniards want to provide further comment?
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When will central banks in the world, as an aggregate, stop increasing the supply of fiat-currency/credit in the world?
?
? Anyone ?
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It is hard to identify bitcoin's fair value right now since people sees it as an asset and thinks that price will go high in the future most people are willing to pay more than it's current price for future investment. Unlike other currencies that has gold to determine it's fair value bitcoin don't have any purely supply and demand.
What about 10 more years in the future? When will central banks in the world, as an aggregate, stop increasing the supply of fiat-currency/credit in the world? |
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Effective, True savings vehicle: Bitcoin
Bitcoin is the most profitable and strong coin of this era and currently it is impossible to destroy such a valuable coin so those who are thinking to harm it will surely waste their time and bitcoin is now not be effected by rumors because investors are now aware of hatter that they spread this to give loss to bitcoin so no one will do panic selling everyone will join hand to face such situation. Your comment has reigned true and prophetic with most everything htat's been rumored about bitcoin all throughout 2017! |
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The ideology behind BitcoinThe root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. - Satoshi Nakamoto The Times 03/Jan/2009 Chancellor on brink of second bailout for banks - Genesis Block So the fundamental ideology is a decentralized trustless system to create an economy not dependant on governments/banks, empower repressed economies, disrupt or weaken the centralized monetary system, and economic freedom. Something like what John Holloway said, "Changing the world without taking power." I think majority of the early adopters were motivated by this philosophy, price wasn't a criteria. The technology behind BitcoinThere is no denying the fact that Bitcoin/Blockchain technology is revolutionary. It is here to stay. We will be seeing more use cases of it in future. The first distributed blockchain was conceptualised by Satoshi Nakamoto and was implemented as a core component in Bitcoin and thus making Bitcoin a technological tour de force. Technology is one of the major reasons for Bitcoin adoption. MonetaryThe monetary aspect is profit. Adopt Bitcoin for making money. I do believe that a good number of recent investors/speculators are in for money only. Leave aside ideology, even a few doesn't bother about the technological aspect. Nothing wrong in it. It is like a get-rich-quick-scheme. So why did you adopt Bitcoin? There might be a reason or a couple of reasons or all the three. Edit: Added all of the above. Bitcoin have its own ideology of being a decentalized system that not like in the bank regulation,they run the monetary sytem thats not depend from centralization and the technology of cryptocurrency is different from the fiat currency system that run only in the banks that regulated by the government,unlike bitcoin even its not regulated its run through the whole system of digital currency.this the unique of bitcoin different from other,thats why people embrace and adopt its three fundamental. I like your answer. |
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My country is not listed there. Why third world countries do not care about cryptocurrency? I mean, there are many people who are aware of its existence. Why shouldn't they try to spread it? It really annoys me that the fact there are many smart people who are not taking chances.
I really try to spread the cryptocurrency's knowledge and I always get bad feedback unless I show them a valid proof...or rather money.
Which country or countries? I ask because obviously there are plenty of them that do care! |
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What would current estimates be of the current fiat supply/debt? Would it be above $152 trillion now? Or under?
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i just found a very interesting website ( http://mapofcoins.com/) which has interesting information about forks from different cryptocurrencies. the bitcoin fork map ( http://mapofcoins.com/bitcoin) specially took my attention. according to this site there has been 667 forks in total, 3 of which belong to this month alone. you can click on the names of these coins and see the code and their website. a lot of them didn't even bother making more than 20 commits in years! or even change anything meaningful when they fork! Why is everything just making bitcoin stronger? Why don't all the attacks work to destroy bitcoin?! |
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The failed bitcoin attackers; Roger Ver, Jeff Garzik, Barry Silbert, and the DCG backed entities (Coinbase, Kraken, Bitpay, Coindesk, Blockchain.info, bitcoin.com, etc) will continue to influence attacks on Bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps).
Why do you think the spam started again and increased after announcement of segwit2x (bitcoin-killer) hardfork cancellation?
What's hilarious is the strength of decentralized Bitcoin and its requirement on consensus has destroyed all opposition - every attempt of undermining bitcoin has failed for four plus years since the attacks ramped up in 2013.
The network of individuals, and companies that are actually pro-Bitcoin are far more powerful than even the DCG-group!
People around the world are seeing this and getting a quick education. Kudos to Bitcoin, decentralization, and the truth.
Notice how Bitcoin has for years successfully defeated all opposition? Even through this: Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years?? Bitcoin has been unstoppable growth since 2013. Wait until we are closer to 3% adoption in the world. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in. ... Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. |
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Yes! Bitcoin is a good investment now because if we had some FIAT investments with Banks they hold our money for years and throw small penny on our face because they are operated by government.
However Investment on bitcoin crypto currency gives a huge returns.
To earn better profits it's all with crypto Bitcoin possible
Investment on bitcoin currency helps us for greater profits.
Yes and your money cannot be confiscated by a bank nor its government. Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. Also, when you can, try to help others in learning. Maybe you can see these links (I try to currently put in my signature): Hacks & puppets & forks - how to destroy bitcoinHow to Explain Bitcoin to a 7-Year-OldAmazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins :  Be mindful of the Bad Actors - Avoid these: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin .com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure The real Bitcoin, on the other-hand, has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value. Today, Bitcoin is probably almost 1% adopted by people all around the world. Even in the most adopted country, the USA, most people have no idea what Bitcoin really is. Japan, may have a slightly higher number in percentage terms. Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years?? Bitcoin has been unstoppable growth since 2013. Wait until we are closer to 3% adoption in the world. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in. |
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Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?: If it can be shutdown, and have assets frozen by a bank or government, there would be no value If it wasn't secure, there would be no value. If it wasn't immutable, there would be no value. If it wasn't globally distributed, there would be no value. If it wasn't so strong, open-source decentralized and unstoppable, there would be no value. If it wasn't so scarce, there would be no value. If it was easy to spam transactions, there would be no value If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin"). If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value If it was exactly like fiat and only did transactions, there would be no value. Bitcoin has all the characteristics needed combined to make the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. Also, when you can, try to help others in learning. Maybe you can see these links (I try to currently put in my signature): Hacks & puppets & forks - how to destroy bitcoinHow to Explain Bitcoin to a 7-Year-OldAmazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : Be mindful of the Bad Actors - Avoid these: DCG = DIGITAL CURRENCY GROUP (Barry Silbert, Jeff Garzik, coinbase, coindesk, blockchain.info, bitpay, bitcoin .com, etc) supports FUD & have/will try to infiltrate & eventually shutdown bitcoin. r/btc reddit thread and (the other) company-controlled bitcoin website (bitcoin.com) also spread FUD but then try to accuse others of spreading FUD, LOL? Why do they push hard on altcoins (bitcoin cash, ethereum, FUD?) Why do they push for forks? Forks creating scamchains are a courtesy brought to you by DCG group of companies led by Barry Silbert with his fellow minion Jeff Garzik and friend Roger Ver. Central banks love to fund their seeders who in turn fund DCG operations so they can get inside the community to circumvent Bitcoin's progress and try to destroy bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Luckily their attempts have been marked by continuous and grand failures - altcoins... "Bitcoin Classic" failure "Bitcoin XT" failure "Bitcoin Unlimited" failure "Bitcoin Cash" failure "Bitcoin Segwit2x" (BTC1) failure The real Bitcoin, on the other-hand, has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value. Today, Bitcoin is probably almost 1% adopted by people all around the world. Even in the most adopted country, the USA, most people have no idea what Bitcoin really is. Japan, may have a slightly higher number in percentage terms. Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years?? Bitcoin has been unstoppable growth since 2013. Wait until we are closer to 3% adoption in the world. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in. |
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Network getting worst....there still about 90K unconfirmed transaction and transactions cost become so high.
If this keep happening, price will drop into shit soon....it could lead price to below 5K soon
There seem no way to solve this network problem, transaction per-second more higher than bitcoin network can handle.
I'm not crazy enough to spent fee 15 - 50 $/transaction. If i only sent 1 transaction per day, maybe just fine.
At moment, transactions very low, only about 6tx/second (average for 24 hours). If there bigger transactions, definitely there will be more unconfirmed transaction, doesn't matter how much fee you willing to pay.
LOL. Bitcoin is worth over 100B USD and has daily volume in the Billions, is globally held, and you, blackcoiner and also TangentC, say its a shitcoin? What other economic-advice or life-advice do you have? And why are you on this forum? =) Please, feel free to never invest in Bitcoin and have your wealth over time disappear. If you have any Bitcoin, please sell it all. Smaller blocksize LIMITS spam
Larger blocksize, lower fees ENABLES more spamThe failed bitcoin attackers; Roger Ver, Jeff Garzik, Barry Silbert, and the DCG backed entities (Coinbase, Kraken, Bitpay, Coindesk, Blockchain.info, bitcoin .com, etc) will continue to influence attacks on Bitcoin via forks, code, media (see coindesk) articles and social posts, funded startups, and flow of funds into exchanges (pumps & dumps). Why do you think the spam started again and increased after announcement of segwit2x (bitcoin-killer) hardfork cancellation? What's hilarious is the strength of decentralized Bitcoin and its requirement of consensus has destroyed all opposition - every attempt of undermining bitcoin has failed for four plus years since the attacks ramped up in 2013 (4+ years). Bitcoin is King. The network of individuals, and companies that are actually pro-Bitcoin are far more powerful than even the DCG-group! People around the world are seeing this and getting a quick education. Kudos to Bitcoin, decentralization, and the truth.Amazing to see global trade (and mining growth would coincide with trade) growth on localbitcoins as well (scroll down to see all the individual countries): https://coin.dance/volume/localbitcoins : [/quote] Today, Bitcoin is probably almost 1% adopted by people all around the world. Even in the most adopted country, the USA, most people have no idea what Bitcoin really is. Japan, may have a slightly higher number in percentage terms. Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin's growth. At a bank, just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review. BUT Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart. Nothing can stop Bitcoin as it reached escape velocity back in 2013. What do you think everyone's been doing for the past 4 years?? Bitcoin has been unstoppable growth since 2013. Wait until we are closer to 3% adoption in the world. Once we hit 4% adoption in the world, then Bitcoin = mainstream. Let that sink in. |
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