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Do you guys think this might destroy bitcoin?
NFC and Bitcoin is a great combo and apple's adoption will finally drive NFC mainstream (also get people used to paying with their smartphones), so no, not at all Apple's overwhelming need to proprietize everything it touches might undercut the mainstreaming effect. |
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People who bought at the peak or near peak of the bubble probably hated it.
They say 'a rising tide lifts all boats.' But this is not true of markets. For you to sell at a $1000 someone else has to buy at $1000. The secret is to do your homework and not chase trends. |
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I love the technology of the blockchain. That was a brilliant innovation.
As to bitcoin itself I am not one of those that sees it as a religion. It is largely a commodity to me though this year I have used it as a commodity a few times as more services I use have started accepting it.
I'm a constitutionalist and as such have a lot of libertarian friends. This led to learning about and getting in bitcoin quite early. Sadly I did not get into mining but still it has been very kind to me. In the long run though it is just another of my investments.
Regardless of bitcoin's fate though, the blockchain is really going to shake things up.
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Anyone think it will sink below $400?
When bitcoin dropped back to $800 I sold a lot. I valued it at $375. Then it hit $600 and I sold more. But companies like newegg had come on board and btc had weathered a few storms without flinching and I raised my floor value to $450. It hovered near $600 for a long time and I started to wonder if I hadn't missed this boat. A few more businesses started taking btc and there was some other good news and I moved the floor to $470. Which we crossed today and I put those funds back in. Could it go lower? Sure, and personally I hope there is a quick panic as I will buy all the way down. It should spring back to this level at least and then climb as the market dictates. Just my 2 cents. |
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Can someone send me a some cryptoblogs and cryptonews portals, for check some fresh news for comunity??  I use a Google Alert set on the term 'bitcoin.' It yeilds about 40% coindesk links. On average about 40 items a day from all angles. |
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Let's say Amazon gets around to accepting bitcoin. Only an idiot would then think that the millions of little mom and pops that also sell through Amazon but are completely separate entities handling their own inventory, shipping and finances would all also accept bitcoin. Same situation here, just one level up. |
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Wikipedia is centralization of information. Information should be decentralized too.
The amount of idiots on this sub-forum is staggering. Most days you can leave 'on this sub-forum' out of that sentence. |
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I do not have money issues. Thanks for the concern though.
I even entertained the idea of naming the child with bitcoin in mind. I haven't figured out a good one yet.
Unless your last name happens to begin with a C in which case you could make his initials BTC, I would not make your child resent you. It's not the 90s any more. |
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Does the coffee shop/ restaurant/ bakery/ gift shop etc charge a premium to accept bitcoin when you walk in and buy from them using bitcoin compared to the local fiat price?
If so.. how much in your experience/area?
There is no reason for a shop to charge a premium. However you do have to figure in the buy sell spread. The shop is obviously going to use a btc to fiat conversation rate based on the sell value as that is the value they will get. You however paid the buy rate. Assuming you used the same exchange (buy sell prices vary widely on different exchanges) and the btc price didn't change you would in fact pay a premium. Luckily the buy sell spread has tightened up over the last six months. |
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if they do that theres no need to wait 5 years.
bullshit charge can be used to seize the account immediately.
They haven't managed to seize all of DPR's yet and he had semi-legit charges. There isn't any bullshit charges that let them take monies as easy as wait 5 years that I know of. My Uncle had $17,000 seized for the heinous crime of having $17,000 in cash. Obviously large amounts of cash money could only be used for illegal purposes and therefore were seized under RICO without any charge filed other than suspicious cash. It took just over 3 years and over half that sum to get it back. This was in the mid 90s. |
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All fiat currencies, every one of them in history have eventually gone to their intrinsic value. Zero.
I assume you are not including the fait currencies that every single country on the face of the planet currently use? Your statement is like saying 'every species of animal in history have eventually gone extinct.' |
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Hasn't the british pound been around though, for hundreds of years?
Something to ponder: why is it named the 'pound'? Good question. A pound of sterling silver. So a pound of silver today would cost about $340 ($21.25/oz* 16 oz). The pound is not worth $340 US dollars. :-) still, it seems the pound is still around, so people that say "every fiat dies" aren't being totally accurate. The pound has only been fiat since 1935. Before that it was backed by silver. So give it a little time, when the USD falls it will take most other fiats with it. And there are no more backed currencies in existence. So assuming it isn't so catastrophically fast as to cause a grid-down scenario bitcoin becomes one of the better hedges. |
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Reading the weird messages from the dust transactions to the address is entertaining  That's another great advantage of bitcoin over the obsolete payment systems. You would never get such fun as spam, hate mail, and mockery on you bank account statement. Anonymous messages that you cannot erase and everybody can read. Way to go, bitcoin.  As a teen I occasionally amused myself by writing cryptic, humorous or prankish notes on paper currency. |
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When it comes to crypto, you cant realy ignore the fact that sometimes its better to sell even if you know the price will eventualy go up.
look at litecoin, its going just down and down, but you know its gonna go up again.
so the best solution is to hold, until you are certain that you will be able to buy back in lower.
On what do you base this opinion? |
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I suddenly got a gloomy feeling about the future of fiat currency...anyone else?  I got that gloomy feeling back in 1971. Topher, Can you explain what happened with the '71 feeling you had? Was it the oil crisis in the US? That's when Nixon took the US off the gold standard opening the door to rampant overspending of USD. |
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You're ignoring a huge difference between real money and BTC. A business cannot risk actually touching BTC, as their banks would likely stop doing business with them. They also risk becoming a target of launderers, and thus risk criminal investigation. Besides the wild fluctuations in value that make BTC as a currency very dumb, the rampant criminal activity in this community assures that no business will touch BTC except through shady VC-funded ops like Bitpay.
You're getting pretty desperate to justify your outdated viewpoint, keep the blinders on, the world will move on without you . Sorry for feeding the troll, I'll stop. i'm not quite sure if he's a troll, but he's definitely wrong. overstock has hoarded some bitcoins, and im sure banks are still working with them. Banks court big business not the other way around. |
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ASIC spoil the whole idea of crypto currencies and the father / mother of all crypto - Bitcoin
Decentralization is the idea .... and everyone at home can support the network against it to take a few dollars or buy something beautiful as a new phone, car, etc. with the crypto coin
LTC already died for the ordinary miners with GPU
I bet on Vertcoin, this will be the next hit in crypto World, especially with Stealth Address for all business and people
Take a look at LTC trade volume, and then say it is dead. You bet on sh*tcoin , then flame old and prooven coins, you must be realy incentive. Which ironically is how this whole thread started. |
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Another business I actually use. It's starting to be a good month.
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I suddenly got a gloomy feeling about the future of fiat currency...anyone else? I got that gloomy feeling back in 1971. |
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BTC acceptance from a company I actually use! I finally get use it as a currency. That is assuming that NewEgg values the BTC acceptably. I love their customer service. Makes me very loyal to them. |
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