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I would sell the car I bought with bitcoin in May '13 and buy all the bitcoin I could get. About 400 coins at that price. I only spent about 180btc to buy the car, so I would say thats a pretty good deal.
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As soon as everyone leaves and starts mining alt coins, bitcoin difficulty will go down, and al coins difficulty up.
Thats fine with me, because thats more coins for me while we are in this bear market. When the price rises everyone will jump back on bitcoin though. We will probably have this cycle until miners realize there will be only one or two coins that last.
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How much BTC do you have now? Not enough... but enough  How much did you spent? About 50K USD worth  How much did you lost or scammed by someone? Around 90BTC  |
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Unfortunately, according to coinapult:
*Support for this service in the US has been discontinued. We’re working on bringing it back in the future.
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Unless these historically significant bitcoins were only one transaction away from origin, I wouldn't consider them special.
I'm sure some will be worth something, just like fresh coins will be worth more in the future (untainted coins). But they will only be worth by "how cool" your buyer thinks they are. Once you sold those coins they would be one more transaction away from the cool factor, unless the buyer trusted you and you just gave him the keys and no transaction was needed.
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Not only did you forget all wallets under $1, you forgot the EXCHANGE RATE.
You added up all btc in wallets X exchange rate THEN = your figure from a month ago
Now you "re-added" up all btc in wallets X exchange rate NOW = your figure from time of posting this
Of course there is 18 million dollars less, we are at a lower exchange rate now than then.
If all the ask on the exchanges moved up $100 and someone bought 1 bitcoin up to $480, and you did your math again, would you come here yelling that bitcoin is going to the moon and 13.5 million btc X the $100 raise just flowed into bitcoin? Thats not how it works! This is what you are saying, but the other way around!
I don't think you understand what market cap is. I also don't think you understand that money doesn't flow out of bitcoin. Bitcoins do not get destroyed, they are sold to someone for a price. So every dollar out has to have a dollar in. Thats what the word EXCHANGE means. When people spend coins with merchants, those coins are then sold to someone who gives the merchants dollars, and that person now owns coins. No money has left the system. Technically in bitcoin, there is only money IN. Which is miners adding to the total number of bitcoins. Yes it costs to make these coins, with electricity and equipment, but the exchange rate more than covers this.
Why are you so atiment about trying to convey this idea you have that clearly makes no sense? What is in it for you? Are you trying to get people to sell so you can get cheaper coins? Or do you just like to ramble nonsense? Thats all I've seen you do since you've joined this forum.
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Or at least have it to where it is all inclusive, and if there isn't enough places that accept bitcoin, the "tourist middle man" can pay with fiat and just charge you in bitcoin all at once. You just get coupons for the various places.
I'm not sure we are at the point yet where you can spend an entire day using bitcoin in a tourist location.
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Applied and was accepted via PM. Just not added to the list?
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Does anyone else look at their "Total time logged in" and go .... man I wish i would had been working and made money during that time lol.
Total time logged in: 27 days, 9 hours and 40 minutes. My stress levels are telling me I have been logged on way more than this. |
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The all black one is the one I want. PM for my address if you would like to gift me for Christmas lol.
Why put prices in CHF if only bitcoin is accepted?
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So what you are saying is, at the end of the year I can figure out my taxes on my bitcoin and give that exact amount to charity, and end up paying zero taxes? Pretty much all my tax money goes to charity instead of the government?
Oh, no. It's more complicated than that. Chiefly in this: Schedule A deductions for donations to public charities are limited to 50% of your adjusted gross income. http://www.irs.gov/Charities-&-Non-Profits/Charitable-Organizations/Charitable-Contribution-Deductions So most people cannot deduct enough donations to completely erase their tax liability for the year. But this giving strategy can work wonders for anyone with either * Large capital gains on his/her oldest bitcoin holdings, or * Enough qualified deductions to itemize on Schedule A. An individual with both fully participates in both advantages. Thanks, I guess I will let my tax advisor help me with that. My only income this year was with bitcoin so it shouldn't be that difficult. |
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So what you are saying is, at the end of the year I can figure out my taxes on my bitcoin and give that exact amount to charity, and end up paying zero taxes?
Pretty much all my tax money goes to charity instead of the government?
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Most of these faucet sites are not scams. They just use page views as income from ad sites. So they attract you to their site by giving you a small amount of coin, and their ad revenues cover the btc they give away. This one seems legit as there is no login, or information that you have to give besides an address to receive bitcoin.
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Computer hardware from Newegg Bitcoin deals, and Bees Brothers for the 2nd year now, their stuff is extremely good.
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November 12 I had a sell order at BFX for $475.000 which the price hit, but there were so many other sellers at the exact same price that my order did not fill!!!  Top ticked it to the fraction of a penny and no pay off. So if anybody's wondering why I'm not buying now it's because I don't have those profits to re-invest. Now I have to wait for a lower price (if we even get one) before increasing my stash. You just realized you order didn't go through? What, ya been busy bird huntin or somethin? |
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If not in 2015, it will around the next halving. 12.5 btc block reward already scares me.
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I've always told people to enable the second password. Where you have to enter it to send coins from the wallet. You have to type it in using the on screen keyboard. I was wondering, how hard is it for a hacker to get this password? Do they just record your screen and watch the mouse move around and try to guess where you clicked? Or is that pretty hard to do?
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Random word and number generators run by hackers can easily steal from brain wallets. I set one up with a very small amount just to see how long it lasted. Took about 2 months but they robbed it. Brain wallets would work if you made up a long phrase and misspelled the words on purpose, but made it to where you could easily remember it. I wouldn't even trust that though. Wallets with 2 factor authorization via text message to log in, and second (different) password to be able to send from the wallet are probably the safest IMO
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