Has anyone written a white paper on the politics (or effects) of crypto? Would like to study this in more detail.
I have not read anything like that but that will be interesting, the most important aspect is how small countries are going to be affected by a currency that does not belong to any government, while big currencies like the dollar are going to keep on existing, I think there is the possibility that the currencies of weak countries are going to be undermined or even disappear thanks to bitcoin. |
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At this moment I think it is possible.Because Bitcoin Wallet is not using any strong security.Although we see that Bitcoin uses only the BlackBerry technology in the transaction.However, it is applicable only for transactions.Although we see some wallets such as mobile verification procedures being done in Coinbase.Nevertheless, I think it's no different for professional hackers.
What are you talking about bitcoin is very secure encryption. It's the password which is the weak part. if you have a good password then it would literally take forever to crack a password via brute forcing. This is something that many people forget, your security is as good as its weakest link, if you use a weak password then it does not matter all of the other things that you did to secure your coins, that is why is is important to look at all the possible ways in which you could lose your coins, so please create a strong password or maybe you could create a passphrase that is easier to remember and can be very difficult to crack as well. |
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Any theories on what caused the sudden spike in price? Do you think the price will hold over the next few weeks? Any speculations for the future?
Big day for BTC, I remember reading threads in 2015 about how "one day BTC will be over 5k USD"... today's that day
Its really a big day for Bitcoin and its lovers to reach this target. We were expecting this to happen a little later, but it came quite soon, and as it seems, the price might end up reaching $7k by the end of this year, if it continues like this. I just sold some of my coins yesterday when the price was around $5.1k, and today it is $5.6k and now i regret why i didn't wait for one more day, and i could have more money right now  but these things will always keep happening. We sell now, we feel sorry for ourselves later, as the price will always keep going higher, eventually. It was a big day and a very important milestone, we are at the middle of the next milestone reaching 10k, it took many years for bitcoin to reach 5k but it is possible it only takes bitcoin a year or two to grow another 5k and reach 10k that is important because it is going to be a signal that the growth is accelerating and that is possible we are going to see major adoption in 10 years or more. |
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Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
Keep buying, even a person that entered the market a few weeks ago will be already in profits, many people worry too much, yes sometimes your investment is going to be below the price you bought but with time the price is going to rise and the chances that it goes below the price you bought will be a lot lower, all of those people that bought at 1000 are going to be perpetually in profit. |
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Bitcoin investers are already rich. and new comers are going to be rich same as early investors.
Also 2017 investors arae early investors for me too.
This is what I have been saying as well, when people think of early investors they think of the people that entered the bitcoin market in 2010 or earlier but even if you get in now you are an early investor, can you imagine the price of bitcoin when it finally skyrockets, people are going to laugh at us for being worried for having to buy bitcoin at more than 5000 dollars. |
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I'm quite sure China will come around because they have all it takes - name it, cheap electricity, population, enough icos. They won't like to be left out from the benefits of bitcoin. I'm thinking they would come back stronger and trying to regulate or license whatever is happening in there jurisdiction as appertaining bitcoin and altcoins.
The bans on icos and exchanges were never about money, it was about controlling their citizens and even more importantly their money, they do not want to lose grip in their country and bitcoin allows the people of China to move their money freely and the Chinese government was terrified about this and that is why you have seen so many actions taken in the last days and weeks. Yes there is no doubt that bitcoin defeat china and I heard that china want to bring back bitcoin when china banned bitcoin so some other develop countries accepted bitcoin and other countries are trying to accept bitcoin and if we see the price of bitcoin its also good then before and day by day his users are going to increase which is a good thing for bitcoin. The issue for the Chinese is that maybe at some point in the future they will want to go all-in in bitcoin and when they take that decision it maybe too late, Japan has legalized bitcoin and they are already developing their own mining equipment so the hegemony of the Chinese in the mining industry may come to an end sooner than what we may have thought. |
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BTC fell from $1200 to $200.. the corrections are super intense.. To say otherwise is just foolish.
Can bitcoin go down, of course but to think it can go down that much that fast is to ignore the fact that a lot of things have happened since then, no exchange is as big to cause that fall so if you want something else to cause that fall the only thing that comes to me is mining, it is the only thing that is as centralized as it was Mt Gox back in the day, but how can the miners crash the price in that way? I do not know. |
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Bitcoin has pass through many stage, limitations, attack and forks issue but its price keep on increasing from inception till now. At this time Last year bitcoin price was $450 but today it is $1245 that was over 180% increment in just a year. This is what we call blessing, that is making progress in the face of strong opposition!!
I do not think anyone is going to forget about that, bitcoin is one of the best possible investments that you could have made this year, yes many altcoins went up more than bitcoin but you needed to take a big risk when investing in those altcoins and those icos, while the risk of investing in bitcoin was a lot lower and what it is even better is that bitcoin is still going up and there is not a reason to think it is going to stop at anytime. |
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To be fair. He's just stating that cryptos bring some risks with them. That's not an attack, it's the objective truth. A lot of people have lost access to their private keys, have gotten hacked, fell victim to phishing attacks, fell victim to marketing scams, fell victim to outright scams, or just simply traded like a gambler plays roulette.
Money laundering and tax evasion of global scales could also easily result in massive chaos if it just happens with absolutely no oversight.
But whatever his true intentions are, this is just a sign that we are on the verge of mainstream adoption.
Yes that's correct most likely some of them did not even read the article just check the headline and assume that Putin is attacking cryptocurrency. Putin concerns are legitimate. As a state most likely they want to avoid money laundering and tax evasion. We know that cyrpto currency are being used by the black market for their own gain. Most people on this forum seem to just read the headline and then post random stuff based on that alone. Sometimes it feels like I'm in a forum full of bots. But yes, you are exactly right. A sensible government would want to avoid tax evasion and laundering. Eventually they will have to protect the stupid and greedy people from themselves too, because they will start complaining about "scams" instead of being careful in a risky environment. It's like jumping down a cliff and then complaining about it... people are really weird. You are correct, but this is because people want contradictory things, they want governments to leave them alone but they also want heavy regulations to business, they want freedom but not too much, so when people invest invest in icos instead of doing their own due diligence they invest in whatever and lose their money and now they are asking to get government protection despite the fact that an environment like the one we have is going to resist regulation. |
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I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
People sell their bitcoin when the price goes down because they panic, some people like to spread FUD and then they believe it and think the price is going to crash and not recover in a long time, then they sell, only to realize that the change in price was just a temporary thing and now are faced with a difficult choice to buy bitcoin again and lose more money or to wait for the price to go down again taking the risk bitcoin goes up once again. |
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Right now, I have a small portfolio but growing and I'm trying to put together a plan to get to 50 Coins that I grow over the next 3 years.
I'm looking at ICO's as well of course.
Currently, I hold:
BQX
CVC
DENT
DNT
GNT
IFT
MBI
NLC2
PAY
SNC
TIX
PROPY
ATL
I'm looking to expand. I dont want to swing trade as I prefer to buy and hold for future home building plans.
What do you think are great coins to add for long term growth?
Can I ask where do you got that magic number of 50 coins to hold? I’m not criticizing you, just wondering, because I do not have a set number of coins that I want to hold, I’m going to buy into any project that I think has a future if that means I hold 5 coins or 500 is irrelevant to me as long as I’m sure the project I invested in is going to give profits in the long term. |
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And no, there is no way to know who has the most amount of bitcoin, so this thread is useless, there is no way to check it and see who is the most millionaire in here, lol.
Just imagine, a lot of people would try to hack that poor guy's wallet..
There are some ways to narrow down the list of people who own the largest wallets and there are certainly some wallets that have already been identified, and a few even labelled by their own users. Notably some large sites and exchangers' so-called cold wallets are known. Keeping your address private is just that. Privacy. Your wallet being visible doesn't actually decrease your security. Otherwise the transparency of the blockchain would be a flaw. So, don't pity the guys in this list. You can try and hack their wallets all you want. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlWhat i like about this list is that despite the hash power concentration we still have a very wide dispersion of BTC over several wallets. If big holders have several wallets or not is still to be known. This also confirms that it is very difficult to hold above certain price ups. we are only human. It´s quite unlikely that someone holds a coin from cents to 5k and doesn´t sell. This is correct, but at the same time you need to understand, if you bought bitcoin for a few cents and then it was worth 10 dollars then most people will sell at that point, no one thought that bitcoin will reach these levels, I have seen some very old threads where people were happy that bitcoin reached parity with the dollar, and now when you think about it that sound ridiculous but can you imagine how ridiculous are going to sound our conversations when people read our conversations 10 year in the future. |
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I quit my job beginning of this year and I'm earning way more that my salary by day trading my bitcoins and alt coins. I have expereince of forex trading for long time and applying exact same principles here which works as nature of all the markets are the same.
I think you took an unnecessary risk, you could have kept your job and keep trading and getting profits from bitcoin and from your job, now if for some reason you fail your trades, you are going to be at great risk of bankruptcy since you do not have a salary anymore and are completely dependent on the market and the profits that you can generate through trading. |
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Thank you all! I've already took part in several bounty campaigns and waiting for results  Nice move! I was going to ask you why waste your time looking for alts when you can just keep holding the little you have now in your BTC wallet while you can join bounty campaigns and be a part of the ICOs of some of the projects and watch out as they grow in the market at the long run, then I read through the thread to see you are a very smart newbie. At least with this you have so much to gain and nothing to lose. The problem with that is that he is a newbie, and since his rank is that low then I do not think he is going to even be accepted in most bounties campaigns and even if he does he is going to put a lot effort and he is not going to get many altcoins doing that, so I still think his best choice is to invest all his money in a single alt and see if he happens to invest in the right coin. |
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More forks, extra bitcoins for me. Bring them on. Forks are just another shitcoin to dump.
The forks mean there are more sha-256 coins to mine - which means miners switching wildly between chains. This destabalises bitcoin. While you are correct I did not think it matters a lot in the long term, at some point these hard forked coins are going to go down in price and with a lower price then the returns get lower and that will mean they will need to assign a lower amount of hash power to the point the hash power they assign to those chains becomes insignificant and stop affecting bitcoin. |
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Both are good coins. But if I have to choose one I will go with Ethereum. waves is still finding its way, but the price makes it very attractive as a long term investment.
At the end this is about you goals, ETH is a safer investment but it is not going to skyrocket anymore, while waves is still a newer project but that it has the chance to go up many times over the current price in the next years, as an investor waves seems like the best choice but I could understand if a person did not want to risk it and preferred to get ETH instead. |
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Will BitDice credit investors with Bitcoin Gold after the airdrop later this month?!
Why should they? If you invested the money in the ICO you agreed to use your bitcoin to buy the BitDice tokens, that money is no longer yours, if you wanted to receive bitcoin gold or any other free coins coming from a hard fork then you should have held your bitcoin and then use your bitcoin to buy tokens on the open market from other investors. |
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As what i read about it, its Yes. It says that income that you earn through services that will be include in gross income and obviously subject to income tax or self employment tax. So technically Yes, it is taxable.
But I would ask, is the only taxable income are the coins that have been converted to fiat, or the total amount of coins purchased on fiat even if you won't convert and still hold some coins or you would use it to buy online goods/services, etc. ? It depends but most of the time it is like this, lets suppose you buy 2 bitcoin for 5500 dollars if one year later bitcoin is at 7000 in theory you have profits but it is not until you materialize those profits that you are subject to taxes, once you sell you will need to pay taxes on your gains, in this example you will need to pay taxes on your 3000 dollar profits. |
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Look at it this way
if you bailed just after gox high 2013, you could have cut you losses from say 200$ a coin versus 750$ a coin, and doubled down at the low and purchased in and held....but how would you know the timing?
if you just hodl you would be up about 3~4 times now.
So buy in now and you may be at 60K or 100K in 5~7 years time.
how do you feel about the difference of $7000 a coin, and the other $53 K you would have.
the $7000 now is insignificant.
I recall back in the day being concerned about the high percentage margin I had to pay to acquire some coins it was about 7%, where I was, concerning at the time sort of inconsequential in retrospect.
You have to step back and take the long view.
That is the correct way to view things, but how many people are able to hold for so long? Not many, most people especially people born in this technological era cannot wait, they want everything right now, they want to make profits fast, it does not matter that bitcoin is having one of the best years ever, if they do not see profits in a week they begin to say that bitcoin is done and all sorts of dumb things. |
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Everyone dreamed of getting wealthy who can do anything at all out of the richness. Nevertheless not everybody is fortunate adequate to turn out to be wealthy. Occasionally, we just depart it to God or leave it to luck. Every day is constantly a battle and aspiring to turning into rich is receiving challenging everyday as the commodities are also likely so quick.
Those that become rich did not become like that through luck, while luck is of great help, they have a plan and most of the time they follow it and in case something is wrong with the plan they are able to make adjustments and change it accordingly, you need to begin to plan to become rich, as I’m in this forum I think I do not surprise anyone if I tell you that bitcoin is a great part of my small plan to become wealthy. Yeah, and in order to get something big you have to take a bigger risk. Early adopter take a great risk and they can reap the result right now. We are planning to become rich by buying bitcoin early before bitcoin popularity explode and insitution money coming in. Correct, but at least we know that bitcoin has a great possibility of becoming a success not like those people that invested in bitcoin when prices were below a dollar, bitcoin was very weak at that point and yet they choose to believe in bitcoin and their faith has paid off, but the best thing is that we can do the same, if we believe in a project and invest when the price is very low we can get great profits if the project becomes successful. |
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