That's gonna be a "Hard No" from me, Dawg.

First of all, the currency banks use is already digital. Most transactions in the world are digital. How often do use paper currency?

Second, banks creating currency to be verified over the blockchain is a great idea for them to prevent fraud, and it is not at all a "cryptocurrency"...it's fiat currency being transacted over a blockchain. The money supply isn't finite, the banks get more visibility into how each person is spending their money. There will be know "adoption from the market".

Don't get me wrong, banks and government SHOULD put their transaction system onto the blockchain because it would drastically speed up our payments to and from each other...but any talk of a 'new currency' is just clever marketing.

Past performance is not indicative of future results. Past performance is not indicative of future results. Past performance is not indicative of future results. past performance is not indicative of future results. Past performance is not indicative of future results.

OK, Charles Schwab, we hear you. You're right. But it's also "right" that the positive swings that followed past halvings did occur. So it's certainly logical and fun to theorize what will happen after the next halving.

One truth: The bullish run occurred about 12-18 months after the halving event. So anyone thinking big things will happen this year is on the wrong side of history.

Another truth: The most sure way to increase the price of Bitcoin is to open the demand market (not merely limit supply, as a halving does). If we can get more access of Bitcoin to broader investment markets we'll see a true wave of price growth.

And when people recover their losses they sell their bitcoin, that's the only way to recover losses!


Recovery takes a long, long time. We still haven't recovered from the last price peak in late 2017 at $20k...so two solid years have gone by and we're still suffering from that bull run. Perspective is everything, it was nice to see a positive 2019, but people that bought Bitcoin in the fall of 2017 are still down by tens of percent...it's tough to hodl out for recovery gains. Most of these people would be better off selling their losses!


And predictions don't mean anything without a logical, fact-based rationale to support it. Most predictions about bitcoin are merely guesses, no more, no less.

How are you defining mass adoption? 30% of the population owning bitcoin? 70% of the population owning bitcoin? Does mass adoption require abandoning fiat currency?

Risk to the social order will only come if people abandon their home, government-backed currency. If the government's wealth deteriorates, so does its ability to govern and provide core safety and social services. And when police forces or firefighting services or hospital systems start to get weak or fade we'll see social unrest!


Ha, Bitcoin is just one brand of a tool - a tool called cryptocurrency. If that tool is misused, negative solution or economic impacts will ensue. Just as the Dollar is one brand of a tool called government-back currency. All government-backed currencies suffer the same cancer of inflationary value driven by fractional-lending.

Bitcoin and cryptocurrency has been filed with manipulation and conflict! We've seen fraud, theft, in-fighting, consolidation of mining operations, blockchain hijack attempts (in the form of forks), and more theft. There's nothing about cryptocurrency that is inherently peaceful or humane.

Cryptocurrency/blockchain offers more freedom to users. We are no longer controlled by an intermediary called a bank, we are the managers of our own financial system, if we want to be. It's in that freedom that come greater choice and control, but it also requires greater knowledge of how the system works and the risks involved.

I appreciate your positivity, but let's be honest here. Cryptocurrency is like the wild west!

A drop in price, of course!


Well yeah, the technical analysis tells us so. The price would need to break through the most recent price peak (or resistance level) to realizes a bigger bullish run, period. It's like the waves on the beach, constant ins and outs (or highs and lows) and cyclical trends that drive those ups and downs.

Is there anything fundamental about the Bitcoin market place that you believe will impact price?

Ha, how was it a costly mistake - was his Bitcoin not in the wallet once he realized how to access the wallet properly? This guy sounds like a real clown!

Just found this additional tweet...


Why does he own Bitcoin if he doesn't believe in it? That's f*cking illogical. Did the Mothers Against Drunk Driving drink and drive, just for kicks on the side? Insanity, this guy!

Why must WE watch it? You just watched it, couldn't you give us a summary of the information provided? A few bullets on why they believe bitcoin is a safe having for our money?

Bitcoin can only be considered a safe haven if we know the rest of an investor's portfolio. It's not a safe haven for all of one's money. The swings in Bitcoin are unreal. 10-15% price swings over the course of 24 hours is the exact definition of risky (not safe!) What Bitcoin does provide is a intriguing alternative to traditional investments (bonds, stocks, mutual funds, real estate). Cryptocurrency serves a great purpose in diversifying ones assets. There's a lot of upside potential, but that only comes with an equal amount of risk. Don't put all your money in bitcoin - please!

Well done.

----

Doesn't seem that historic. They're still incredibly wealthy. They just quit their job. A tad foolish, disrespectful to their lineage and the pomp and circumstance of their family history. They could still be a part of the family without the ceremony. They could still do good will on behalf of the business that is The Royal Family. Now what are they going to do? Just kick it on the beach? How humble of them...

This is the age old question.

I think a parallel, and possibly better question, is: When the price of bitcoin goes down do you keep acquiring at the same rate or do you slow down or stop? Psychologically when the value of an investment goes down people want to flee or hold off on any new investment. But buying low allows each of you to buy more for the same fiat investment. 

Isn't all paper currency fake? Some Government says - here, this has value now - and there's nothing more to worry about, right?

The image you shared doesn't offer much information. But here's the thing, go try to buy something with it. If the seller accepts it as payment - it's real!

I'm sorry to hear of your misfortune. The finality of transactions is one of the greatest risk of bitcoin, but it comes in hand with all the benefits.


Well maybe someone stole your private key from somewhere else? Did you have it written down anywhere? Without a private key people can't steal from a bitcoin wallet.


What does this mean? Is the wallet client going to stop the funds - no? But you could see if their may have been an error with the operation of the wallet client...in that rare case they may refund you. But if it was theft, you're out of luck.


How else can you make money? When do you need the money for your mother's health expenses? How much do you anticipate those expenses to be?

----

This won't help you today, but there is a wallet that pays 4% interest annually, so it's a small way to make more money without actually working. You can find a link in my profile or PM me.

Good luck to you.

Attention seeking? Probably.

But what's also possible, maybe probable, would be a hack. Could he have been hacked? Do we know anything about what type of wallet he uses? Has he ever bragged about such things?

The media drama/hype that he could be drumming up to disparage bitcoin is totally suspect, which is funny, because so many people have lost money at bitcoin (having bought high, etc) that he really doesn't need to help.

It's fun when you see a thread topic that looks like someone's asking a question and then you read the original post and realize they're actually trying to explain the answer to that question, but there are several misconceptions woven into that explanation.

Good thing our community is big.


Here's a list of legalization of Bitcoin by Country. Only about ten or so countries have outlawed, "banned" Bitcoin and none of them are G8 or developed countries.



A thin market is one that has low volume of trades. New people aren't entering the market. The price isn't volatile and the spread is small. This is certainly not the case for Bitcoin.

Cryptocurrency serves as a hedge to any investment that it (cryptocurrency) has a negative correlation to, meaning if Asset X increases in value, cryptocurrency goes down (or vice versa). Cryptocurrency isn't a hedge to mortgage debt because they have not relationship to each other. Cryptocurrency offers a diversification though, keep your investments in multiple places so you can participate in several different markets.

Cryptocurrency could serve as a hedge against currency inflation.

No. Unfortunately the popularity of bitcoin transactions will not drive the price up UNLESS we have more people buying bitcoin (new) using any other currency and the general population of bitcoin owners not cashing out their bitcoin for any other currency.

For the price of bitcoin to rise, we need more people buying bitcoin and fewer people selling bitcoin. Transactions from one person to another using bitcoin have a neutral effect on its valuation/price.

So, while the volume of bitcoin transactions doubling is a positive thing for us to infer that it'll increase the value of bitcoin it depends more on who is doing the buying and if the transactions are net new purchases of bitcoin.

Certificate of ownership of what exactly? And who is asking? If you give us more information we may be able to help you or direct you to someone who can. Give us as much information as possible.

To the OP, to my knowledge there is not investment firm or exchange that deals in cryptocurrency AND precious metals. There should be, but there isn't.

What's your investment scheme? How frequently do you plan to trade? If your base currency is USD there's not much difference then having two separate trading accounts (one for crypto and one for precious metals) where you're investing and divesting based of that USD base currency. Give it a thought. PM me if you want to chat more about it.

In investing there are two schools of thought related to predicting future price swings:

(1) Fundamentals - revenue, debt, size of a company, price-to-earning ratio, financials, etc.

(2) Technical analysis - the timing, size, and frequency of price movements (nothing more, nothing less)

Bitcoin doesn't have fundamentals, per se. But they have a lot of technical components. The only way to analyze and predict future bitcoin moves is through analysis of price movements and evaluate when there have been break throughs and break downs up or through previous price resistance levels. It doesn't help with super long term trends, but would help one forecast shorter term trends (over a few months or a half year).

For your consideration, I'd like to apply to your campaign. I've been absent for a while but i'm back now and have a significant history with this forum.

User: Myfe
Position to Apply: Senior Member
Posts Start: 497
Address: 1GJL2m5h7oMakRsdaQT3QQ4XzyFnKQwbCQ

Thank you!