Hey all, just as the title says, did anyone buy bitcoin when it's price was at it's peak ($1200)? And did they sell as it was dropping, or did they still hold on? I personally felt something was happening when it peaked :-/

So, back to the topic. Did anyone buy, and did they sell as it dropped? How much did they lose? Did you feel really really sad? What kind of an emotional impact did it have on you?

I've got like 0.3 something Bitcoin remaining, not sure what to do with it.
I have a Bitcoin debit card so I could just go withdraw it but that's not very fun 
Any ideas?

So recently (today) I was watching Deadpool. It's that cool ass movie that just came out. So at that cool little bar in the movie that Deadpool hangs out at there's something in the upper left corner that I barely noticed. It's a sign that says "Bitcoin accepted here". After seeing that, my jaw dropped. Bitcoin just made it into pop culture! It's pretty awesome seeing this in such a popular movie! Pretty awesome stuff.

So after reading this article and especially the ending:


I'm wondering what's stopping people from using bitcoin?

And now I'm talking about people who already aware of bitcoin and how it works but still not using it.

The price is now pretty much stable for more then a year, security issues are out of the question - so why we can't see in 2015 more companies switching to it, especially considering the unstable condition of moden economy?

Now that I've gotten your attention, I promise there's a method to my madness. We've all been arguing over Bitcoin XT and (now) Bitcoin Classic while ignoring that there's a real world outside of Bitcointalk and the endless schemes to get more Bitcoin. In the grand scheme of things, it's not even really all that important whether Bitcoin stands a chance of destroying traditional banks as long as Bitcoin or whatever replaces Bitcoin if it stumbles can carve out its own niche. But we're marching toward a world where things are going to be moving pretty fast in matters that don't necessarily have to do with economics and finances, except for maybe who's going to be holding the moneybags. Is it going to be us, or is it going to be the big banks, or is it going to be some Third World tyrant who may have gotten a little too big for his britches and doesn't have a graceful way out? What I'm getting at here is, are we absolutely sure we're making all the right strategic moves to make sure cryptocurrencies have a meaningful, sustainable future instead of just being seen as a funny little gimmick that went the way of Beanie Babies in a few decades? Should we be making alliances with other up-and-coming, innovative technologies to make sure we can achieve our long-term goals? This is something we'll have to consider if we want Bitcoin to have any kind of a future.

I've been actually kind of thinking instead of sex workers needing bitcoin... That maybe bitcoin needs more sex workers.

The number one reason why smart, revolutionary people I know don't use bitcoin isn't because the tech is bad, it's because the social dynamics are. Progressive people don't want to take shit from privileged folx who roll around not being aware of that. Most of my interests and hobbies include people who can have layered conversations around intersectionality *except* for my crypto circles. It's amazingly behind the times in that. Literally whole forums full of $@#%^%...

Sex work is often a place where marginalized people get cash when the system messes with them. It's easy access and you always have your body. Part of being a marginalized person includes reading social situations around you to keep yourself safe. You learn to attune yourself, so a lot of sex workers are super emotionally intelligent not just because it helps with the job but it's a serious survival skill.

Privileged folk on the other hand don't have to develop this because their privilege shields them from a lot of day to day turbulence in different areas (depending on what their identities & experiences are.) I think a lot of people involved in bitcoin could learn from these skills.

A lot of creativity and tenacity happens on the fringes, and that includes people of colour, people who are transgender, people who are sex workers. And if you've been paying attention to fintech, you might even have noticed a few stirrings of a coming storm not just from bitcoin but a different wind.

People in bitcoin and other decentralized tech will have to make space for these identities and learn how these social dynamics affect social adoption.

Just wondering when everyone buys bitcoin, weekly, monthly or just on the falls?  thinking of setting up something regular to ride out the waves..... 

Yes, got you intrigued, didn't it?

Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.

We all have some amount of bitcoins in our wallets..
Do you really think bitcoin is a currency Worthing you more than a real currency...
I do because real currency price won't grow up or down as bitcoin...
So do you or not ??
And also have a discussion about its prices in future..!!

If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick?

Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you...

http://www.youtube.com/watch?v=m6GiC8dqN9A

We just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why.

If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why???

In my personal experience, I first heard of it 1 year ago in a online forum game, people sold gold for Bitcoins, around March, gave it no importance at first. Now im kinda utterly commited to it. Really an interest subject of study.

Buy or develop your own time machine and go back to 2008 and mine BTC on the computer at your mothers house in the basement

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

How safe is it?

Now in some places to buy goods directly can use bitcoin, how to conduct transactions directly using bitcoin? Because I place no purchases using bitcoin.

Nowadays has developed, which initially buy goods directly can only be used with the currency and credit cards, and can now use bitcoin although only in some places. Is it possible that the next few years means of exchange for transactions money initially turned into bitcoin?

What do you think about this?

I gave it some thinking and I am not entirely sure about this. I believe that you can either leave Bitcoin (and other Cryptocurrencies) unregulated or you can ban Bitcoin. I will explain why.

When I am regulating something I need to have a sort of control over it. Say I want set a speed on highways to 50. I will make it a law and subsequently I will dispatch a force to make it happen. In a normal society you will have people doing 50 on that regulated highways.

What if I want to regulate Bitcoins. Bitcoin is associated with money laundering. So if we would want to put a stop on that, but we wouldn't want to declare bitcoin illegal how would we do it? The currencies whom are legal tender - fiat currencies usually have a certain limit to stop you from trading in cash in large amounts. They do background checks on how much money you have on your bank account compare these to taxes report your possible income etc. I am saying that to show that they can do it. They can do it, because trusted 3rd party has all the information regarding your financials.

With Bitcoin it's different. No one is supposed to know who owns which bitcoin address. The whole network is build on anonymity. And If you would know a certain link in the chain from that point you could find another users of bitcoin. Theoretically speaking you could connect a person to a certain bitcoin valet. Would you want me to know who you are and how much money you own? In that case it would be more secure to use a classic banking. Therefore no one can know who is behind what address. As there is no place for a "personal check", it inevitably leads to the check somewhere else. But the authority cannot ask you where did you get those bitcoins, because after all you just don't know. Even if you would follow the blockchain. In the end it all comes down to bitcoin exchanges, which is the only place where the authority can do something. But again the possibilities are very limited. But the authority will always have a reasonable doubt to freeze the whole exchange or its accounts and its possession of goods (which would be other cryptos) under the anti-money laundering law. Is it a big step? No someone will start another exchange. But in the end a normal person does not wants to see dirty money flying around unregulated sponsoring terrorists across the globe. So they will just proclaim cryptocurrencies illegal. That again is very hard but it is not that hard to ban exchanges with cryptocurrencies. It is not that hard to declare possession of cryptocurrencies to be illegal under sanction etc.

What am I saying is that with the necessity of anonymity of bitcoin users and also with its transparency you simply cannot create a regulation. So I fear bitcoin might be proclaimed illegal the same way as drugs are, because after all it is still goods to most of the countries.

Now can the community developing bitcoin do something about it?

Out of curiosity I just thought where do bitcoins came from??