Bitcoin will die - no doubt.
However, it is a Goliath and it takes just a bit time. That being said, it most likely will not happen tomorrow and the coin will not die technologically, but the community will become simply poor and no new members are coming (why they should).
If I think very carefully, bitcoin has nothing to offer. It is very inconvenient. People get paid in dollars, why on earth they should convert those dollars to bitcoins?
The only real world use for bitcoin I could imagine is sending money from developed countries to undeveloped countries, perhaps bitcoin might save a few bucks compared to Westrn Union rates.
On the other hand, Monero offers a safe-haven for rich people since it is anonymous. Nobody can figure out your balance except Risto who knows that the largest Monero stack was worth only of 100 000 usd in the days of bottom prices.
if you think bitcoin will die, than i think monero will die to It might do this. Chances are Monero will die and it is good to remember when you are investing into XMR. However, Monero has better odds to succeed since you can add all the needed features of bitcoin into XMR. If you want to use Monero publically, it is possible, too. Bitcoin's last chance to get some additional air is the Wall street pump. Bitcoin needs tons of stupid money flooding into it in order to gain some value. Therefore, I think we should not focus too much on how many bitcoins Monero costs, but how many USD. Monero needs to stand alone and separate itself from bitcoin - otherwise it is just another altcoin. And I don't think Monero will be the ultimate crypto neither.  this is nonsense. if you believe there will always be a better crypto then there is no use investing in them other than speculation and day trading. there is such a thing as network effect. and bitcoin's own dwarfs monero's by a couple order of magnitudes. protocols don't need to be perfect, they just need to be good enough and all signs point to Bitcoin being good enough. Monero is unique from most other alts in that it does present a use case that the market demands and that can not (yet?) be filled by Bitcoin but I believe it is too little too late for Monero to supplant Bitcoin on technological merits alone |
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Silver coins
Diversity is your friend but I am sure that you already know that. Buy silver coins and sit on them. The scenario when silver coins would become useful has become much lower probability. Silver price from 2011-> tells the story. I have 10,000s of silver coins just in case switched most of my silver to monero. i regret nothing  this game can go on for many more years. look how they pump the usd the rise in the value of the usd is organic i think. its a flight to liquidity by terrified emerging market economies. as for silver, the day will come that the cryptarchy cant hold it down any longer. the longer they artificially hold down the price through naked short selling and cash settlements guaranteed by the fed the more the demand will increase and the supply decrease. as it stands right now its a bloodbath in the mining sector and demand in asia is exploding precisely because of the manipulation of prices. crypto is fun, its a great way to move money and a powerful speculate vehicle, but its not a great way to store value. when it comes to locking in those gains in a meaningful way, its all about them ounces. Why not? Basically it has to do with the drawback of consensus based systems. The advantages are obvious and oft discussed. But the drawback that is less discussed is the lack of adaptability. (this could change with a successful implementation of sidechains) This means that basically, as it stands now, when new better ideas emerge for how to build better solutions for crypto systems, all the capital has to move from one system to another. If some of the people in this thread are right about some of the things they believe, than this will happen to bitcoin when it is usurped by monero, but it will probably also happen to monero someday. Don't get me wrong, this isnt an argument against monero, im a huge fan of the tech and the community and its potential to do great things, but something better will be invented some day. Something better will always be invented later. This is why i dont think crypto is a great savings vehicle. Though this could all be wrong in the future if one of the inventions that makes cryptos better is a solution to how to make cryptos more adaptable. Like Bitcoin + Sidechains..? |
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Silver coins
Diversity is your friend but I am sure that you already know that. Buy silver coins and sit on them. The scenario when silver coins would become useful has become much lower probability. Silver price from 2011-> tells the story. I have 10,000s of silver coins just in case switched most of my silver to monero. i regret nothing this game can go on for many more years. look how they pump the usd the rise in the value of the usd is organic i think. its a flight to liquidity by terrified emerging market economies. as for silver, the day will come that the cryptarchy cant hold it down any longer. the longer they artificially hold down the price through naked short selling and cash settlements guaranteed by the fed the more the demand will increase and the supply decrease. as it stands right now its a bloodbath in the mining sector and demand in asia is exploding precisely because of the manipulation of prices. crypto is fun, its a great way to move money and a powerful speculate vehicle, but its not a great way to store value. when it comes to locking in those gains in a meaningful way, its all about them ounces. Why not? |
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What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.
Not that I disagree with that ratio but I'm not doing that. I hear more people use 5%-10% on alts. (initial value) As the price rises they often cash out to keep that % (or maintain a certain percentage.) That said I do feel like Monero is worthy of taking a bigger risk on as I have more than a strong feeling that many early BTC adopters see what is happening and they want to up the ante with XMR. IF XMR is showing this kind of strength with BTC relatively down, I can only imagine where it goes once BTC turns upwards. My guess is from .01 BTC or .02 BTC on the lower end, to .1 BTC on the extreme high end.
So, being that we are in the .003-.004 range, a higher % of BTC in XMR is a decent chance to take.What timeframe are you looking at? |
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Pulled my order and sent more ammo  |
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So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
Cash now. Weak hands need to be shaken. I put one buy order. Of course I'm never cashing out everything My sell order is sitting at 0.004. Feel free to take a chomp |
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So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
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Here is my thoughts on bitcoin powered remittance:
Stage 1 is companies in each country cooperating with each other to offer transfer and conversion between two fiats. Each company can be local to a country, does not need license to do foreign exchange. They can be an exchange, or work with a local exchange. They can offer short time fixed exchange rate gurarantee through options, cooperation with someone offering options, or just make a deal with a few individuals who offer to take that exhange rate risk. No single company has to be an international company. They can offer transfer fiat to fiat.
Stage 2 is when one party in the remittance transfer is a bitcoin user. In this case, only one local company need to be involved. For instance, a sender in Europe is a bitcoin user, the receiver somewhere in Asia is a fiat user. The bitcoin user transfers fiat to to a local company in Asia operating as an exchange, who sends fiat to the receiver. For this to work, bitcoin adoption has to increase among the foreign workers.
Stage 3 is of course when both parties are bitcoin users, who do not need to convert to fiat right away, but will do it when they need to.
As far as I'm concerned Abra Global has nailed it down for the remittance use case. I personally use rebit.ph on a regular basis and they are an exceptional service. 0% fee. Same day delivery. |
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delusional bulls will suffer.
i'm buying  Are you using QuadrigaCX now Adam? ya How's it been? How long does it usually take for BTC withdrawal to show up in your wallet? its instant. As it should be of course... I'm having all kind of trouble with them since I signed up... Delayed deposits, withdrawals not being processed.. I'll need to give em a call again I guess |
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delusional bulls will suffer.
i'm buying Are you using QuadrigaCX now Adam? ya How's it been? How long does it usually take for BTC withdrawal to show up in your wallet? |
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delusional bulls will suffer.
i'm buying Are you using QuadrigaCX now Adam? |
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Cant wait for you to all realise, if it's in your wallet, and not 'out there' your only creating the value in your dead head's.. it need's to be out there, because there was never enough to go round. This was the fuckin idea. By hoarding it, you kill it. The value will only be realised when everyone NEEDS it, and to need it, they need to be able to find it.. OUT THERE, in the real fuckin world.
The value is only realised when it is in use, ALL of it.
Likely less than 15% of gold in circulation is put to use (industrial or jewelry), the rest is hoarded and traded. Is gold worthless? |
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Wrong, what give's money value is the availability to EVERYONE for ANYTHING!! Regardless of hoarder's.. Money is useless if it's ALL in the bank you dafty.. Now change the word money to btc..
Your quite simply a bunch of greedy bastard's keeping it all to yourselve's not realising your so small a group of hoarder's, that btc will never have value to anyone else. What good is it if it takes ten years to get 10 btc? Because no-one want's less than half a pence/cent for what? Remember bitcoin is supposed to be quick.. yeah, it disappears from online wallet's quite often no? The world's opinion is bitcoin is for theive's, which I dont mind, but they do.. and without worldwide distribution, it will NEVER have worldwide value.
In effect, that wee small group of leecher's have sucked the life out of that which they hold dearest.. is'nt that the way of the world?
Cause the bitcoin hoarder's are'nt creating value, due to there not being enough btc released worldwide to create the value as you think.
21 million bitcoin.. 64 BILLION people, less than 0.001% of the planet think bitcoin is worth what? The world is talking about bitcoin for sure.. avoid the scammer's, what more can I say? Are you a btc millionaire? NO? Then I'm not talking to you about this cause you clearly dont WANT to help btc by distributing it WORLDWIDE. In effect, you are as useless as bitcoin right now.
The difference being, I live OUT THERE, you live in front of adverts. Everyone I know say's bitcoin is shit.. I live in a capital city, and I'm reasonably famous here, and not one person I know outside will touch it with a 10 foot bargepole. I try to figure out why, and you lot think I'm whinning.. hahahaha..
Just like the Sequoia, I did find the truth to bitcoin.. if you dont have at least 200/300 quid to throw away, your fucked. That's getting to be a good 50-60% of the planet now. Keep yer dust if ye must.. cause it aint worth shit outside..
Why is every fiat billionaire now distributing their wealth then !? Bitcoin is available to anyone that wants to trade fair value for fair amount. Money is very much useful sitting in the banks, that's called a store of value. How exactly would you plan for worldwide distribution you genius? Raise all faucet payout's, that's just to start with.. the bigger bitcoiner's know this.. get people INTERESTED. There is little, to no gain for the average guy/gal with nothing trying to make something in a world where money is running out.. You can't be this stupid are you? Faucets were a thing when you found about BTC in 2010 and it was worthless. Now that it has some sort of market value no one is going to give away BTC. This is not a charity! Let's pretend btc is a drug.. even drug users share drugs with those with none.. let's pretend we're at a bar, would you grudge a pint if I sat with you? You would'nt grudge any of my 3 sisters.. your attitude just changed, shame about your opinion.. I think you've been using a little too much of that drug. If what you're looking for is people tipping others some BTC than look no further than https://www.changetip.com/ |
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Wrong, what give's money value is the availability to EVERYONE for ANYTHING!! Regardless of hoarder's.. Money is useless if it's ALL in the bank you dafty.. Now change the word money to btc..
Your quite simply a bunch of greedy bastard's keeping it all to yourselve's not realising your so small a group of hoarder's, that btc will never have value to anyone else. What good is it if it takes ten years to get 10 btc? Because no-one want's less than half a pence/cent for what? Remember bitcoin is supposed to be quick.. yeah, it disappears from online wallet's quite often no? The world's opinion is bitcoin is for theive's, which I dont mind, but they do.. and without worldwide distribution, it will NEVER have worldwide value.
In effect, that wee small group of leecher's have sucked the life out of that which they hold dearest.. is'nt that the way of the world?
Cause the bitcoin hoarder's are'nt creating value, due to there not being enough btc released worldwide to create the value as you think.
21 million bitcoin.. 64 BILLION people, less than 0.001% of the planet think bitcoin is worth what? The world is talking about bitcoin for sure.. avoid the scammer's, what more can I say? Are you a btc millionaire? NO? Then I'm not talking to you about this cause you clearly dont WANT to help btc by distributing it WORLDWIDE. In effect, you are as useless as bitcoin right now.
The difference being, I live OUT THERE, you live in front of adverts. Everyone I know say's bitcoin is shit.. I live in a capital city, and I'm reasonably famous here, and not one person I know outside will touch it with a 10 foot bargepole. I try to figure out why, and you lot think I'm whinning.. hahahaha..
Just like the Sequoia, I did find the truth to bitcoin.. if you dont have at least 200/300 quid to throw away, your fucked. That's getting to be a good 50-60% of the planet now. Keep yer dust if ye must.. cause it aint worth shit outside..
Why is every fiat billionaire now distributing their wealth then !? Bitcoin is available to anyone that wants to trade fair value for fair amount. Money is very much useful sitting in the banks, that's called a store of value. How exactly would you plan for worldwide distribution you genius? Raise all faucet payout's, that's just to start with.. the bigger bitcoiner's know this.. get people INTERESTED. There is little, to no gain for the average guy/gal with nothing trying to make something in a world where money is running out.. You can't be this stupid are you? Faucets were a thing when you found about BTC in 2010 and it was worthless. Now that it has some sort of market value no one is going to give away BTC. This is not a charity! |
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Wrong, what give's money value is the availability to EVERYONE for ANYTHING!! Regardless of hoarder's.. Money is useless if it's ALL in the bank you dafty.. Now change the word money to btc..
Your quite simply a bunch of greedy bastard's keeping it all to yourselve's not realising your so small a group of hoarder's, that btc will never have value to anyone else. What good is it if it takes ten years to get 10 btc? Because no-one want's less than half a pence/cent for what? Remember bitcoin is supposed to be quick.. yeah, it disappears from online wallet's quite often no? The world's opinion is bitcoin is for theive's, which I dont mind, but they do.. and without worldwide distribution, it will NEVER have worldwide value.
In effect, that wee small group of leecher's have sucked the life out of that which they hold dearest.. is'nt that the way of the world?
Cause the bitcoin hoarder's are'nt creating value, due to there not being enough btc released worldwide to create the value as you think.
21 million bitcoin.. 64 BILLION people, less than 0.001% of the planet think bitcoin is worth what? The world is talking about bitcoin for sure.. avoid the scammer's, what more can I say? Are you a btc millionaire? NO? Then I'm not talking to you about this cause you clearly dont WANT to help btc by distributing it WORLDWIDE. In effect, you are as useless as bitcoin right now.
The difference being, I live OUT THERE, you live in front of adverts. Everyone I know say's bitcoin is shit.. I live in a capital city, and I'm reasonably famous here, and not one person I know outside will touch it with a 10 foot bargepole. I try to figure out why, and you lot think I'm whinning.. hahahaha..
Just like the Sequoia, I did find the truth to bitcoin.. if you dont have at least 200/300 quid to throw away, your fucked. That's getting to be a good 50-60% of the planet now. Keep yer dust if ye must.. cause it aint worth shit outside..
Why is every fiat billionaire now distributing their wealth then !? Bitcoin is available to anyone that wants to trade fair value for fair amount. Money is very much useful sitting in the banks, that's called a store of value. How exactly would you plan for worldwide distribution you genius? |
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A private club going nowhere fast..
I don't think that Nakamoto ever expected the entire adoption process to take place within 5-10 years! I don't even think that it will become mainstream until the newborns of 2008 became adults. It will need to be instilled within the mindsets of the masses which require widespread education. Today bitcoin is only now escaping the fringes of society. I too am upset that I never bought a $5 bitcoin when I first heard about it or that I missed the boat when faucets were giving away 1 bitcoin per claim. When faucet owners were giving away 0.001 BTC ($0.02) in 2013 saw that it went from $20 to $1,200 within 1 year, they realized the potential monetary value of this currency. There is no way in hell anyone would be crazy enough to give away that much bitcoin via faucets again! That is 0.001 BTC...a possible $1.20 per claim. Regardless of whether the price goes up or down, people are going to see the highest possible value that they can conceive. If a faucet is giving away $0.02 today per claim, then it doesn't matter if bitcoins current value is $280. The highest possible value for the coin remains $1,200 and it is appropriate to give away 0.0000165 per claim. Just one point, I'll quote: It will need to be instilled within the mindsets of the masses which require widespread education. Wrong, BTC require's WIDESPREAD DISTRIBUTION, not education, not hoarder's, people read more of scammers and bad press than they can find btc, just my opinion  - Keep in mind, satoshi is not btc, but a lower denomination of btc.. The majority have heard of btc.. less have heard of satoshi.. the world dont want satoshi, they want btc Regardless of what it has become.. and the majority of the world will look at them drip site's and run away.. Fair organic distribution happens through efficient market structures, not some stupid BTC faucet. Hoarders are what gives BTC value. Not the one looking to spend it for thrills and entertainement |
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There are a lot of skeptics that this alone will be the spark to lead to the next rally (I'm talking about their exchange). It's an overestimated aspect if you want my opinion. Besides there were a lot of other bullish news that the market didn't even care for. The ETF on the other hand...  the exchange itself shouldn't move the market at first but I expect that the potential announcement of it being "sponsored" by X major US bank will give us a lift. This. If somehow they will be able to establish an "i/o" through the fiat world, this will be the catalyst towards the biggest rally so far. Yet though, there's also another bank in the EU that plays that role (Fidor Bank) but no significant CCMF yet. Maybe because the EU BTC infrastructure is a lot smaller than the USA's one. I'm confident though, that the twins are on the right track for a perfect rally. We'll see. Fidor is small time though isn't it? I was thinking more along the lines of a Citigroup/BoA/Wells Fargo type announcement. I agree with you that the twins are somehow someway playing their hands perfectly and will ride this next rally in the driver seat once they "IPO" Bitcoin through their ETF. |
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There are a lot of skeptics that this alone will be the spark to lead to the next rally (I'm talking about their exchange). It's an overestimated aspect if you want my opinion. Besides there were a lot of other bullish news that the market didn't even care for. The ETF on the other hand... the exchange itself shouldn't move the market at first but I expect that the potential announcement of it being "sponsored" by X major US bank will give us a lift. |
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The only reason companies will dump btc, is because really, the public dont have any.. who's gonna buy using btc, apart form miners, or rich btc'er's?
I have read a few post's regarding how btc may be worth 1000 dollars one day..
Haha..
you didn't get it back in 2010, looks like you might never. maybe its just not for you? |
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Bitcoin is supposed to take on the banks.. how many folks think this will happen? It cant, because those with aint parting with enough to be a threat to the banks..
So your problem with Bitcoin is people not giving away enough of them... Of course if your of the socialist scum type this makes sense. Meanwhile Bitcoin continues growing through organic its supply and demand, market-based system. Maybe you should try dogecoin? |
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