If the hacker knows a method to freeze the stolen funds was being worked on, why wouldn't he liquidate the coins as quickly as possible before that could happen?
Does it imply that the Ethereum is still quite robust, there is not many bugs in it to be exploited by the hacker? No, I don't think it does. He's already completed the hack. Obviously, he knows if he holds the Eth, it will become worthless if they effectively isolate or freeze the stolen Eth. So the logical thing to do is to liquidate the holdings to either USD or btc or any other asset that can't be frozen before his stolen Eth is locked out of his control. |
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With the recent developments of electric drives and batteries I don't know if oil investments are going to be as profitable as they were ... We are getting to a turning point, where solar energy is cheaper than fossil energies and where electricity storage is becoming really cheap (when compared with the previous decade).
Solar is still highly dependent on government subsidies to be competitive. The high up-front costs are prohibitive to many folks, as it will take many years for the system to pay itself off, and without tax credits, many folks wouldn't bother as it just increases the pay-off period. We know oil eventually has to go away, but that doesn't make it a bad investment for the next 20-30 years or longer. Oil just simply will not be disrupted quickly. Berkshire has investments in all sorts of energy sectors, including refining and electric utilities. I'm sure the stake in Phillips is the result of a very long examination and sound thesis, as is the investment in everything that company does. |
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There are around 15.5 million btc in the world and 1 btc costs 456 USD. So all the bitcoins cost around 7 billion USD. I think that after 21M btc mining will stop (it isn`t very profitable anyway) 7 billion USD is very small and i don`t think that it will increase soon. All those "Will bitcoin be the new world currency" threads are totally stupid. Thats just my opinion...  The solution to save Bitcoins is to promote other altcoins aside from bitcoin. But if bitcoin collapses as you have mentioned, many altcoins like dogecoins can take its place. Litecoin and Dogecoin is much way better than bitcoin since it can be produced in huge volume. So there is no need to worry even if bitcoin collapses since altcoin generation is already ready for that bitcoin downfall. How does being produced in huge volume make it better? That's what makes it more worthless. The higher the inflation rate, the less each coin is worth. That's specifically why bitcoin capped the total production at 21 million coins. |
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The other possibility is simply to buy stocks from oil companies. Most of their assets are their oil reserves, so their stock should be quite correlated with the oil price. (A better option would be to buy an index of oil companies to reduce variance due to possible regional problems)
Oil index would definitely be the way to reduce variance, and absent that, you are correct, the best way to play the long term game is buy stock in oil companies. That's what Berkshire has done, taking a very large stake in Phillips 66 last year. |
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Well for now I think it is not a good idea to buy bitcoin. Its price is high now wait for a good price. If you have some now then hold it and maybe it will rise more.
I disagree. To be able to make a big profit before halving, you need to buy now because we all know that the price will continue to rise until we had reached the event we are waiting, so don't miss the chance to gain a huge profit. Its not guaranteed that price will be higher at halving, as price is not moving up with a good pace, its stuck to $650-660 range, so buying at this price will be risky if price doesn't go higher at halving. It will go higher after the halving, supply and demand laws say it will, THAT IS NOT A GUARANTEE but it is most likely going to go over the top and probably reach about $800 within the first week. Keep your bitcoins, i would buy if you have none. have fun after the halving you'll make loads of profit! That's not what the law of supply and demand says. The supply in this case is the number of coins being sold, not the number being produced. A decrease in the rate of new production could equate to a lowering of supply, but they are not necessarily linked. Speculators have already bought so many bitcoins in expectation of profiting from the halving that the market could be flooded with supply at a moment's notice as everyone rushes to lock in their profit, and the price could collapse because of it. |
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Yeah, you're right. I looked at the price charts. The decline in bitcoin started 3 days before the Brexit vote. The price was perhaps declining alongside all the other currencies (vs the British Pound) when the vote results were thought to result with a win for the "remain" camp.
And the decline also probably has to do with bitcoin dynamics, like the halving.
Brexit was the first opportunity that we have had to observe BTC price in a moment of great financial turmoil. There has been relatively little change in its price (and yeah, it could be dynamics related to halving, I don't know) in the past few days. Gold has a fairly large move upwards since Brexit. So far, gold has been the safe haven investment. Let's keep watching...  That's because nobody sane is looking for safety in a highly speculative and volatile asset like bitcoin. Bitcoin is subject to so much pumping that you can't even be sure the current price level will hold up after the halving. People looking to flee to safety in the UK are going to pick gold, which has hundreds of years of history as a stable store of value in times of crisis, and largely ignore bitcoin, which has only existed for 7 years. As well they should. |
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If the hacker knows a method to freeze the stolen funds was being worked on, why wouldn't he liquidate the coins as quickly as possible before that could happen?
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Well oil seems to be a good long term investment. There is less risk in trading oil because it is highly demanded. It is like gold that is also a good investment.
Sure, maybe if you're going to buy physical oil and store it somewhere. Except of course for the costs associated with that. When trading oil contracts, isn't there a relatively short period of time the contract is good for? The contract underlies a physical asset that someone is holding until expiration, so someone is incurring the cost of storing that oil. No one is going to allow you to buy a contract and just hold it indefinitely like you might with equities until you reach a point where you can sell it for a profit. |
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I guess we will need to wait and see what will happen. Couple more halvings and situation will be more clear. If btc price rise enough we can expect much larger market cap.. logical. And bitcoin is going up, that is visible, altcoins follow. So iy reasonable to assume that btc market will grow, and from small rise to big. Its just a question of time.
"Couple more halvings" is about 12 years out. That's rather an eternity with how quickly things change in the crypto world. I should hope things become clearer far before another couple halvings. |
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Halving, prize for solving block will be cut on half, so after halving 12.5 btc will be prize for that. So you see this 4 years every block was 25, so we can expect much less bitcoins to come. And for 4 years we there will be new halving and another cutting.
If people who mine btc don`t have profit they will stop mining btc, simply. So economy say if you cut income price needs to jump, like minimum double . In this period its important price to rise, and to make miners stay here and do their work, which is very important for btc. Without miners there is no network. I believe everything will be ok, and price will be enough high to satisfy their and our needs. So lets hope for the best!
You left out the other half of the equation: If people who mine btc don't make a profit, they will stop mining, and the difficulty will fall for everyone else who is still mining, and thereby make it more profitable to mine. The system should reach an equilibrium again. The halving by no means necessitates a doubling of price because there are more than two variables at play, and the other variables will also be affected. |
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I think after this halving we should have to work for the stability of bitcoin and not for the pumps and dumps, as with that more people will believe on it and more businesses will be started with bitcoin payment system so bitcoin will flourish and will become an established global currency.
Why would you wait until after the halving to start to work towards a stable value for bitcoin? That seems arbitrary to be interested in stability at some time in the future, but not right now... Also, how would you even accomplish such a thing? The price is where supply meets demand, and it is purely a free-market phenomenon. I can't even think of a way the price could be pegged to anything for stability, because the ability to set the price necessitates a level of control that bitcoin was built specifically to prevent. |
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I think bitcoin can be an international currency, but for now, it's still hard for bitcoin because there are still many things that bitcoin need complete first, like having a physical unit like paper money for bitcoin.
It literally can't do this. It's a digital asset, it can't manifest physically because verification is done digitally and the ledger is kept digitally. "Bitcoins" themselves don't even exist, it's just a concept. The ledger, which only exists digitally, is where the value is stored, and it's only called a "coin" as an analogy because that's something everyone in the world is familiar with already - physical money. |
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I don't understand why people cannot hold their coins for a longer time, they should understand the fact if they hold for long term then they can earn higher profits.
Because holding bitcoins is by no means a sure way to profit. How about the people who bought in 2013 when it was above $1000? They've been sitting on losses for years, but by your logic, the longer they wait to cash out, the more money they would have. That's the difference between your theory and reality. |
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Look at all the people buying in to the current bubble. Why are they buying? To make a profit. So how do they get their profit? They have to sell. And once the momentum turns to selling in a big way, it will cascade upon itself and make the drop even steeper. All the people buying in right now will rush to get out to preserve their profit, or to keep from losing their initial investment. I don't see anyway the current price holds up after the halving with everyone in a panic over how fast the price will drop.
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I don't see Bitcoin used very much as a currency for regular trade. Mostly for ways to get around barriers for certain activities that may be outlawed in certain jurisdictions, especially gambling. Without gambling, bitcoin wouldn't be near the size it is now.
Compared to other currencies yes, but generally speaking bitcoin or some other types of money will be used more in the next years, I think concept of Internet of Objects can help bitcoin too. But that's my point against that sentiment. It's too volatile to have much use for regular trade because you can't hold it without risk of it depreciating. A currency without a stable value is not conducive to trade or economic activity. It's only useful in areas where the activity is otherwise illegal and you don't have access to it with traditional money, like gambling that is banned online in many jurisdictions and regulated by cutting off the flow of fiat, or for other illegal purchases, like Silk Road. In those instances, the stable value problem takes a back seat because you wouldn't have access to those items in the traditional monetary system. You are correct from some aspects but it is not true that it can be used only for illegal activities but it can reduce transfer costs, also one advantage of bitcoin for many of investors its nature of instability which maybe similar to stock market. Right, but you don't want your currency to rise and drop unpredictably. The purpose of money is to reliably store value. Look at the economies of places that have a currency that changes in value rapidly, they're a giant mess and unemployment is through the roof because nothing is stable. That's the same problem with bitcoin, it doesn't hold a stable value. People who are drawn to the volatility are bad for the prospects of bitcoin as a currency, because they're only interested in making a profit off its volatility, which leads to more volatility. |
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I think gambling is the only way to doubling your $100,000 a bit safe. I mean, with that big bankroll, i'm sure you can bet for long run and play safe is the key.
Those expensive casinos are paid for by people who hold this very same delusion. The house edge is a mathematical certainty. You can beat it in specific periods (this is called luck), but the longer you play, the more advantaged the house is. |
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Buy treasury bonds and wait 50 years.
There's seriously no safe way to double your money. Even asking such a naive question means you're chasing risky investments and are more likely to end up burned than not.
Well yeah, you could say that treasury bonds are the safest investment you can make. However, you've got to realize that fiat currency depreciate over time and 50 years is a human lifetime in some countries. Inflation will take its toll. Yes, that's exactly my point. There's no such thing as an easy way to double your money. You live in a universe of limited resources and unlimited wants. That's what gives things a value, and it's why investment carries risk. |
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I'm surprised the price has already reached the point it has. But I still think this is a clear bubble, and one that will burst after the halving occurs. The only thing driving the price right now is the mania about the halving, so it's a self-fulfilling prophecy.
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If you sell everything now, around 30 days from halving, then you are just retarded. The price is going to rise a lot when halving comes, be smart, save your Bitcoin.
The OP was made in January 2016. The focus is more on equities and other asset classes, which have been affected by quantitative easing. Yes, somewhere along the line, people stopped reading the posts and just assumed this was about bitcoin exclusively and have only been talking about that since then. (The original post didn't even contemplate crypto, but mainstream investments.) |
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