If someone is known to be associated with bitcoin then the theft of their identity could be used to blackmail them into giving coins in exchange for their identity back.
Not necessary somebody associated with bitcoin. Anybody with money could be blackmailed. The payment route will be through bitcoins. Whether you give bitcoins that you own, or buy bitcoins and then transfer them, the criminal really doesn't care.  |
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Bitcoin in itself is a risky enough investment to worry about investing in altcoins. There isn't a single altcoin besides Monero (and it would be a secondary altcoin) that's worth holding long term, absolutely no other coin has a point to exist, beyond pump and dumps (fuck my life, didn't bough on that Supercoin thing.. but then again, it's just all a lottery).
So yeah, focus on dollar averaging on BTC.
GiveBTCpls: What's your current investment plan in BTC...? Are you following the DCA plan? Will you have 1 BTC by the end of the year, or sooner? How much are you putting in and how frequently? Currently, I put in as my cash (fiat) comes in. So, whatever that I have left after my expenses goes towards BTC... So on a monthly basis, I am probably putting about 20 to 30% of my income into BTC.. and I am trying to time my purchases for the dips in BTC prices.. so I always have some fiat in reserve, just in case there is an additional dip in BTC prices. I have less than 10% of my total liquid assets in BTC... but I am working on adding to my BTC proportion of my investment portfolio, and if BTC prices appreciate considerably, then I am going to allow BTC to occupy a large proportion of my total investment portfolio. ~10% is a significant amount of your portfolio. Your risk appetite is very large. |
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I'm probably going to jump aboard after this prime dice campaign is done on the 17th, better rates here. I will wait to decide after PD3 is out, as stunna is updating signature rates.
That is news to me. Will have to wait and watch. |
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However, deflation is generally regarded as a very bad thing. First, it greatly reduces consumption - why would you pay for something today if you KNEW the price would be lower tomorrow?
An exception - electronic goods. People are rushing out to buy the latest iphones, even though they know prices will drop in the future. |
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Bitcoin users also a hot target for scam artists and hackers.
Just heard a company get infected by trojan and the hacker demand bitcoin payment.
Bitcoin users aren't a hot target for identity theft, though. If you stay pseudonymous, no point in stealing your identity.  |
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Right that since transacting in BTC is anonymous, it can be used by the bad guys on its maximum.  Well, it's considered to be *pretty* anonymous. Given some work, and enough people, it's still quite possible to trace a transaction back (even if you use multiple addresses). Blockchain sleuthing is something one of my friend likes to do in his spare time, actually o_o It is very easy for NSA and FBI to find out your identity if you do doggy thing with bitcoin. But would it be worth the effort involved? Even after Silk Road has been shut down, is the FBI going after individuals who purchased small quantities of pot? No, because it is probably not worth it. They will want to make an example to discourage drug users from buying illegal substance online. True. They might want to make an example of some people. But would they try and go after all of them? Since most of the silk road bitcoins went to Mt Gox/other exchanges, the Fed could theoretically subpoena the exchanges, and get all their addresses. But are they doing it? |
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So sad people think he's the one who's fooling public and not the one he points to likes of Sheila Dixit, Nitin Gadhkari, Reliance , and many more , when he talks people asks about evidence when he provides they call it " Drama " ,
They want to get rid of corruption and all and when someone tries to make an effort they just make fun of them.
I have nothing against Kejriwal per se. I didn't want him eating into the anti-congress votes in the Lok Sabha elections this year. Thankfully, that didn't happen and we have a stable government. It would be good if he starts at a small level, proves his capabilities and then dreams about bigger things. |
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The primary motive of such behaviour could be market manipulation. Think of derivative markets. A whale could take a leveraged short position on an asset. Using derivatives his return will be magnified many times by a fall in the price of the asset. Sure, by dumping his asset he loses money, but the gains on the derivative front could dwarf this.
Is it possible to make such a huge leveraged position in bitcoin trading? Maybe not possible in bitcoin right now in established markets (which is why I used the general term assets). But you could always have a private contract between 2 parties. If I say "I am ready to bet that bitcoin will go down to $10 this year", I am sure there will be people who will give me very good odds. |
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2015 will be year for bitcoin
And maybe 2016, 2017 and 2018 as well.  |
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was arbitratry for bitcoin also? i remember 21M come up from a math equation or some other calculation
50 BTC every 10 minutes, halved every 4 years --> 21 million BTC total Other coins use different numbers and different distribution plans. Many coins are not capped. so satoshi started from the block reward, to build bitcoin Not really. You can also start from the total number and then work backwards. |
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why dont they use the US dollar first right?
since adopting US dollar is easier just like in the zimbabwe
but if they really use bitcoin as their country currency, i can foresee bitcoin price shoot pass 10,000 dollar each
It is quite possible that some people in Argentina are stashing up with Bitcoins and now are trying to encourage someone in their government to make it official there because they are aware of fact that they can earn lot of fiat and they are trying to exploit situation there. Stashing up bitcoins/dollars is what I expect everybody in Argentina is doing now. That's what I would do. Even just rumors can make Bitcoin price jump. We will wait and see. It seems like that's whole point of Bitcoin right now  Rumours (like China banning bitcoin) can drive prices down as well. |
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everything looks similiar . im really curios to know and understand about that You don't have to wait for long. Things will play out in the next couple of months. |
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So as everyone keeps coming up with these new coins and new algorithms, how do they decide how many total coins to offer? I know LTC is exactly 4X as many BTC. Can anyone shed any light on this, or is it completely random and up to each individual coin maker? What are the possible positive and negative impacts on a somewhat random, finiate amount of coins?
It's completely arbitrary. Choose whatever you like as long as there is a clear and static cap. You can even have coins without a cap - think dogecoin. |
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First post updated! 23 spots left!!
There are 2 user-ids which have been crossed out. Won't those spots get filled? |
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There is no doubt it will reach 1000 dollars, and it can go up maybe till 2000 or 3000 this year, maybe i am too optimistic, but in a few years, it is highly possible.
True, even a rise to $1000 would imply a ~70% return from current levels. Too good to be true for any asset class. 40% return if one year. Lower yield if longer. The return would be $400/$600, not $400/$1000. |
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Bitcoin users also a hot target for scam artists and hackers.
Just heard a company get infected by trojan and the hacker demand bitcoin payment.
These people don't care whether you are a bitcoin user or not. Only the payment method is bitcoins. Anybody with a computer is fair game. |
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why dont they use the US dollar first right?
since adopting US dollar is easier just like in the zimbabwe
but if they really use bitcoin as their country currency, i can foresee bitcoin price shoot pass 10,000 dollar each
It is quite possible that some people in Argentina are stashing up with Bitcoins and now are trying to encourage someone in their government to make it official there because they are aware of fact that they can earn lot of fiat and they are trying to exploit situation there. Stashing up bitcoins/dollars is what I expect everybody in Argentina is doing now. |
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Work for FIAT, buy Bitcoin, pray that it goes up.  Besides praying, one could try to contribute to cryptocurrencies in any way he can; like by selling things for coins, or doing publicity by making people realize how cool cryptos are, or simply by being generally knowlegable about them. And spend your bitcoins, not hoard them. |
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Could anyone just create dozens of Facebook account just to get more, or is there some protection against that?
Mobile verification is required these days. If you don't have one, you can submit a government issued id proof. |
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