Do the Bitfinex fees apply to the liquidity providers also? |
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This is a beautiful pic that sums it all. Im going to translate this and show my parents and non geeky friends. It's easy to see how BTC is a legitimate place to put your wealth into. I hope when the world realizes this I have enough BTC to call it a day.
This chart is true for any crypto currency, but I don't see all altcoins succeeding.  There can be only one.  Yes, widespread adoption is the key. And bitcoin has a head start. |
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Seems very radical.
Everyone in Argentina would need access to it,
not be scared to death of it,
many would need training in it,
there would need to be special groups set up to help counteract the influx of scammers and con artists.
Would a country need it's people on side to change it's currency, or is it just a government decision?
You could have physical bitcoins/ satoshis circulated. This would solve the problem of access/ training. |
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I really don't know if Bitcoin would be 'compatible' as a nation-wide currency. Especially countries that suffer from economic problems need to have the ability of pulling certain levers and knobs in order to influence the market or stabilize the economy. Since Bitcoin is decentralized and an inherently unregulated currency, this won't be possible. But the idea is bold!
Interest rates, reserve requirements for banks, etc are levers which will still be available to them. |
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People want to get bitcoins for free...  |
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I just invested about $2 worth of bitcoin at Cryptostocks.com. I don't really expect anything but at least I can pretend to invest instead of watching your wallet NOT get any transactions ever....
Stick around for some time in this forum, your wallet will witness some action.  What kind of action are you talking about? What have you witnessed? If you want to sell us, close us. ABC... Was talking about signature campaigns, once you reach member status. |
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It would have to be bitcoin without a second thought. Bitcoins are newer and are growing more and more now since they were established which means I would more than likely be better off with bitcoins that I would gold.
There is a saying: easy come easy go. So don't get fooled by the growth Bitcoin is presently enjoying. It may fall down even faster than it grew up, but gold has been there for millenia without loosing its glamor and attractiveness. Gold is more stable --> Your upside is also limited if you invest in gold, compared to BTC. The reasons for gold surging in price are almost the same as for Bitcoin (e.g. dollar crashing). The reasons for collapsing may differ though. In fact, only a gold asteroid could derail gold prices now. Bitcoin could be a bigger threat to gold than to USD. |
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I think anyone with 1000 BTC (578000.00 USD) or more is a whale. If the price rises the amount of BTC to own to be considered to be a whale will be lower.
More than the price, what plays a role is market depth. Imagine you place a buy order for 1000 BTC and the market is so liquid that the price doesn't change. Then you are not really a whale, are you? |
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Free stellar to all facebook users.... reminds me of something else - Auroracoin
The currency was ‘airdropped’ to Iceland’s citizens in late March, with 31.8 auroracoin allocated to each citizen who had registered. The few that claimed their coins are thought to have immediately sold them off and the price of the coin never recovered after plummeting on its first day in circulation.
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Still i cant believe india could be on 4th.
May be using for investment purpose or buying illegal stuff but not using for shopping.
You should look at the parameters used... - Inflation: Definitely high in India, thanks to the UPA - Black Money: Again you know, whom to thank for that - Remittances: Kerala-Dubai connection. - Financial Repression: Well, Rajan is reducing the SLR, but I guess repression is high. - Technology Penetration: I guess we score low in smartphone penetration - Financial Crises: None recently, thankfully. |
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We've all been calling Bitcoin a "libertarian" technology but what if Satoshi didn't really intend it to be? What if all the political stuff just came after Bitcoin went huge? Don't get me wrong, it's pretty sweet, but remember, it all started with a paper by Satoshi Nakamoto. http://bitcoinonmars.com/blog/is-bitcoin-political/The technology itself is just that - technology. Think of all the altcoins - you could create one to suit your political philosophy. |
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I've been thinking about this lately a lot: How could a state be run with Bitcoin when it's soooo volatile? isn't a solid stability in price a necessity for a currency be realiable? what is the purchasing power of 1BTC without the references on FIAT?
When speculative demand ends and as adoptions increases, BTC is expected to become less volatile. |
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Most scams are very obvious. But there were some pretty elaborate scams, never forget that True. Pretty knowledgeable people have fallen prey to scams as well. |
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Because a nation would select a 'currency' for itself which it does not control, has no control, and has its security based off of machines outside of its boundaries.
Is this a joke?
The Euro is setup very similar to what you are describing. The European countries give up control of their currency to the ECB in exchange for having a more widely adopted and more stable currency. If Argentina were to use bitcoin as their national currency it would be for the same reasons. I do however doubt that any country will do this anytime soon. Semantics is how most people try to play that game. Are you really going to compare the geographically clustered union of nations on a continent with electronic currency that is completely outside of their sphere of influence? Talk about naive. There are countries which have effectively dollarized their economy as well. If countries can adopt USD, why not BTC? |
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i don't think so
it won't happen ever
FIATs have come and gone through history countless times. Of course the dollar ending means the empire ending. I don't see this happening anytime soon. You'd be surprised how fast it may be coming to an end. 2nd fattest country, large unemployment, massive debt that is about 200 trillion after commitments and other benefits are paid (With a current 17 trillion in "active" debt), populace unwilling to work, lots of the country on food stamps and welfare, immigrants coming across the border to take jobs, goofy government, enemies everywhere, etc. I can see the fall start happening in 25 years, but the entire collapse would take about 12 years. So you should have time to get out... 100 years ago, Great Britain was supreme. It was quickly surpassed by the US. It wouldn't take long for the balance to tilt again. |
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Hi, I have a question, but please direct me to a post if already asked: In case of another GFC, would BTC bitcoin price: a) stays on the same level  b) skyrockets  c) tumble down  Take your pick:  This is a beautiful pic that sums it all. Im going to translate this and show my parents and non geeky friends. It's easy to see how BTC is a legitimate place to put your wealth into. I hope when the world realizes this I have enough BTC to call it a day. This chart is true for any crypto currency, but I don't see all altcoins succeeding. |
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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. |
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It would have to be bitcoin without a second thought. Bitcoins are newer and are growing more and more now since they were established which means I would more than likely be better off with bitcoins that I would gold.
There is a saying: easy come easy go. So don't get fooled by the growth Bitcoin is presently enjoying. It may fall down even faster than it grew up, but gold has been there for millenia without loosing its glamor and attractiveness. Gold is more stable --> Your upside is also limited if you invest in gold, compared to BTC. |
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Any reviews? In the bitcoin world, it is buyers beware. |
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Where does cryptocurrency come into the picture in this argument?
You can do all this with respective fiat currencies.
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