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I have not lost any bitcoin so far, maybe because I do not have much either.
Just like any other forms of money, we sure all practice caution when it comes to investment.
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It's nice of course that we touched the $8 billion market cap number, but I think the majority of the people haven't even noticed this as they are too bussy with staring at price tickers.  Agree. The current price is very volatile. You just have to look at the market depth to know that not many buyers are the current price and many sellers are expecting even higher value. It will need a few day for the increase to stabilised before we are sure about the real "bull". |
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I think we do not need hackers to attack the system- if the system itself has problem, it will appear and people will just ditch bitcoin.
I wonder why with all these claimed flaws, bitcoin is still surviving?!
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I usual get my dose of bitcoin news from reddit, bitcointalk and google news search. Reddit is quite good, but depending of which one you use, there might be some kind of censorship.
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Usually a lot of people always forget to mention the fact that if you are not encrypting your paper wallet, it's a very unsafe way to store your coins. So if you do a paper wallet, always, always encrypt with BIP38, or anyone that finds the private key has all access to your coins.
True. However, although BIP38 is quite popular way of encrypting the private key, it may also be a possible point of failure in long term storage... What if it got replaced by another better BIP and not supported anymore? Finding the software/tools to decrypt the private may then be a big problem. |
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I guess we shouldn't be too happy for the short term gain. If the price can stay where we are now for the next 2 weeks (finger cross), then it is the real increase... if not, it will just be another pump and dump.
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What do you like trading or gambling?BTC
No gambling for me. Gambling is equivalent to throwing money into the sea. For trading, you can have good and bad deal but in most cases you only loss some of your values and can possibly gain back with better judgement. |
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Here you can find some useful function regarding exponential distribution. I've posted these images recently in another thread:   Read[1]: There are lots of block intervals with a time less than 10 minutes but then a few block intervals much longer which bump up the average to 10 minutes. So the bitcoin network can get unlucky and a block won't be found for a whole hour.
[1] - https://en.bitcoin.it/wiki/Confirmation#Confirmation_TimesThese are extremely useful graphs to demonstrate that the AVERAGE block time is 10 minutes. By chance can take as long as it wants- 1 hour for 1 block is rare but it happens now and then by chance. |
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Maybe we should stop finding Satoshi. When he feels bored by the lack of news about him, he will come out to sign the private key!
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If this happen I think it will be a good news for long term stability of bitcoin. He can only off-load them once and the impact will be absorbed with time. I am not worry about this at all.
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I will keep some in a secure paper/hardward wallet. Maybe donate 1BTC to charity- hopeful people in future will say "Wow! this guy actually donate 1 BTC!!"
I will also use some for trading to earn more!
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Satoshi is famous as long as bitcoin is still around. Maxwell who?
I think he meant Gregory Maxwell. He is a Bitcoin Core Dev and Blockstream's CTO. |
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Great article. This should be included in a "bitcoin user manual"! Looking forward to your article on bitcoin mining.
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I guess it is quite difficult to estimate. Some people use one address for everything and some uses online wallets that change addresses every time a transaction is issued. However, I am optimistic that we should have at least 200-300k users who actively monitoring the development of bitcoins.
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Even with all the "OMG end of the world!!!" posts the last one went smoothly. I expect this one to go even more smoothly than the first one.
Ha... I didn't even know about bitcoin then! I guess this will be a great one and I am also hoping that this will be a very smooth one. There shouldn't be any surprises  |
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sorry just that people are extremely suspicious here , that's why and i haven't been in a good mood lately too.
sorry its just that people get scammed everywhere that's why they are so suspicious, i understand.
Downloaded onto a spare computer... the antivirus pop up with malware warning... I guess I was not "suspicious". Will format the computer and rebuild the OS... |
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Ha... If the bitcoin network is hacked, then the 1000BTC will worth $0. The reward should be in fiat such as USD, GBP etc.
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It is doubtful the price would go up much if any. Larger deals such as this tend to be arranged privately and/or through dark pools so they do not impact the price directly. You do not want to place your orders on a public exchange to cause the price to go up where you would end up paying more than you could by simply negotiating a private sale. Plus, while it is still a good sized order, $750k is not such an excessively huge amount to take off the market at once to cause a huge run on bitcoins. Hmmm... but who will have so many bitcoins (>1600) and willing to sell them in one go, considering the price is very likely to increase in the coming months? This goes back in the question of "Where can I buy $1million worth of bitcoins?" |
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Why would anyone want to burn Bitcoins?
Counterparty used to distribute their own currency by matching the amount of coins that you burn in the address they created. This is called the "Proof of Burn" |
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Yes, it is still a good time to buy if you have any money to spare. The price is quite stable now (increase steadily)...
It should continue to increase to reflect the increased adoption and reduced supply.
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