If you look back through time in these threads you will find that almost everyone has given very poor predictions one way or the other. Proudhon looks silly now but so have many bulls with their wild predictions. |
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CNN: Breaking the bank: Bitcoins hit Africa's money transfer traditions http://www.cnn.com/2015/02/17/business/bitcoin-africa-unbanked/Transferring cash via a bank or a Money Transfer Operator (MTOs) like Western Union or MoneyGram can be costly. According to the Overseas Development Institute, the average charge to transfer $200 to Africa using traditional money transfer services is 12%. If you send $200, you pay $24. The ODI added up all the transfers that happen in a year, and found remittance fees cost the African continent $1.8 billion a year.
What if that money could be spent on things, rather than fees?
As Bitcoin is a virtual peer-to-peer currency -- designed to operate on the border-less internet -- the costs of transferring money can be radically cheaper than traditional methods, and the process is much quicker.
"Bitcoin can greatly alter the remittances industry and beyond," says Michael Kimani, who heads the African Digital Currency Association, a Kenya-based group launched last May to promote digital currency technologies. "From seven days [for a transaction to clear] using banks & PayPal, down to 20 minutes speaks volumes." |
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hopium in deed! tl;dr the author might have bought some coin at what he hopes is the bottom, and so tries to tell us that stability is coming. Assuming bitcoin survives (I think so), volatility will surely decrease as liquidity increases, but I reckon the kind of stability needed for big business to hold bitcoin is not yet on the horizon. Yes, for sure. What he is saying though is that he sees evidence that traders and speculators are increasingly getting us to that point. |
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We still at the same rate for a month is this a good point or we can see at big dump next days ?
We're up 14% over the last 30 days and 8% for the week. |
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Good morning gentletrolls. Don't forget to punch in...  |
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im a tech savvy genius level person ...
...with no appreciation for the technology we commonly call paragraphs. |
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Professors stake out territory for bitcoin If all goes according to plan, the course will launch nine hot start-ups, ready to take advantage of venture capital enthusiasm for the much-hyped virtual currency — and all without any cross words or legal fights.
Think of it as a “semester-long business hackathon”, Prof Harvey says, “and think of me as the VC professor. The lone requirement of the course is to propose a venture that is related somehow to the bitcoin blockchain.” http://www.ft.com/cms/s/2/84bd9f02-9b54-11e4-950f-00144feabdc0.htmlChug Chug down the track on the way to the launchpad it goes and all some can think about is short term price movement. Apple pay kill bitcoin? LOL! |
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So...bitcoin is fungible? Great!
That's what I was thinking too, being fungible is one of the desirable qualities of money. Compare bitcoin to other money systems or networks, not plush toys or hockey cards. You have to be really reaching to make any type of comparison and anyone who does reveals their current level of understanding. |
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silverfuture: you spread fucking FUD, you motherfucking one world order-bitcoiner
you are an disgrace to bitcoin, generally crypto currency and crypto finance as a whole
Vote with your own money, it's your choice. Edit: did you buy your monero with $$$ or with BTC? Are there any non-BTC exchanges? I don't think so. That's kinda the point. |
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silverfuture: you spread fucking FUD, you motherfucking one world order-bitcoiner
you are an disgrace to bitcoin, generally crypto currency and crypto finance as a whole
Vote with your own money, it's your choice. Edit: did you buy your monero with $$$ or with BTC? |
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It's interesting that the BTER hackers grabbed the BTC but left the altcoins alone. Hmmn..
Nobody wants shitcoins, not even those who want them. They are just a way to get bitcoins from people who are looking to go back in time to be an early adopter for the next coin (which won't materialize). Anyone who understand economics a bit sees that any rival to Bitcoin has a seriously steep hill to climb. I saw a podcast with Vitalik Buterin where he talked about different technical solutions to adjusting the flow of new coins, but he is blinded by the technology. Any rival to Bitcoin will have to go through the same rollercoaster, except there might be more mature exchanges around by then. Edit: LTCM thought they had figured it out (with maths, not really tech), that was an epic disaster. A similar kind of "exploit" in one of these more advanced hypotethical altcoins could render it useless. In order to appreciate bitcoin you need to have an understanding of economics, networks and their effects, and at least a working knowledge of the ins and outs of the code and cryptography. There are a lot of traders who only know charts or finance, techies who want to build a better coin, or economists who only know Keynesian macro who have opinions seen through those filters. I do think there is room for some alts to have a smaller role in the future but good luck toppling BTC network. |
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It's interesting that the BTER hackers grabbed the BTC but left the altcoins alone. Hmmn..
Nobody wants shitcoins, not even those who want them. They are just a way to get bitcoins from people who are looking to go back in time to be an early adopter for the next coin (which won't materialize). |
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The time to start being optimistic in order to manage expectations would be >400$ and even after that I think it will be months before the real rocket train pics start to appear.
Until then, just buy (with money you can burn without being hurt) and hold in cold storage.
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It's interesting that the BTER hackers grabbed the BTC but left the altcoins alone. Hmmn..
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Shorting after obvious absorption volume. Seems like a good plan. /s
Short all.... the dollars! |
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Way oversold and everyone too bearish, Going long at $230  Yup, if it bounces back above 250, it will go much higher. It could be a mirage but there seems to be much support at 230. |
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If you can do 3x return in 72hrs, you don't need anyone else's money. You can start with a minimal amount of your own and earn yourself a huge amount of coin in a matter of two months. You're welcome.
He could actually get all the 21 million coins in around 2 months. He'd have enough to buy his own unicorn at that point. |
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