Bitcoin is a long term project. Therefore it makes sense to save small parts over a long horizon. Do you save Bitcoins for your (grand) child or children?
For those who do not have (grand) children (yet), would you save Bitcoin for them if you would have (grand) children?
Human populations need to reproduce has fallen off in most places that are not a third world Country. So you combine that with the issue of the majority of bitcoin adopters being male,under 35 and you will have very few people giving this a honest shake. Its hard for many to see what tomorrow brings financially and now you want us to think about the long term! Bitcoin will have evolved by that point as the current set up is already showing wear and tear issues that point to it missing a few steps to be functional in day to day. Hazard to guess bitcoin will be like my cassette tapes or vhs in the basement,next to the binders of hockey cards. |
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I don't think Bankers can bring down decentralization or Blockchain. Infact they've been closely researching and monitoring how the blockchain technology works and are developing with own form of cryptocurrency or private blockchain. Decentralization cannot be brought down cause we the people have more control over it rather than them. Although they are getting closer in terms of market capitalization with altcoins, they can't really control how Bitcoin is decentralized.
People never have as much power as they think. You honestly see a revolution over governments or banks taking bitcoin down? The majority still think it is something creepy dudes use to buy kiddie porn on the darknet,if push comes to shove,they will have no problem getting the public against bitcoin. Its a faulty thinking to believe bitcoin is in some kind of bubble,their is a reason governments are currently talking about who owns the internet. Guess who has the most valid claim? You honestly think America is going to not stifle and control once it gets the all mighty say over who is in command! Bitcoin can be taken down many ways and the most obvious are the easiest routes,but why go after bitcoin when you can control the whole internet in one big swoop. Easy to dictate once that is done. Just look at how google,twitter and facebook re-write history. Go search reverse racism on google and it will tell you it does not exist! |
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Absolutely not. There is a lot of talk about the banks destroying bitcoin, yet no one has even shown me a method for doing this. Until someone can show how this could be done, I don't think it will be done.
1. How are you going to stop the bankers trying to dictator crypto? - I don't have to. There is no way to do it.
2. Are you fully aware of things that are going on? - Um. you mean in the bitcoin world? Sure, more than most I suppose.
3. What measures are you taking now? - I only use BTC online and dumped my credit cards. The banks are only powerful because you keep giving them your money. I do not do that.
The argument actually should be the other way around,its very obvious how they can slow bitcoin to a trickle. Bigger issue for me would be how we protect ourselves from having this done. Any one that has studied government knows they like to corrupt from within well running a image campaign that paints people as parasites to the system. People will be yelling Kill the bitcoiners quicker than you can say "it was the goat"! Banks can refuse to do business with people,police forces could crack down on buyer/sellers and that would leave bitcoin atms with a KYC that would force users into ratting out other users. Leaving you with people that covered their path and most likely easy to paint as anti government,if not self proclaimed. One step away from being labeled terrorists and you have a successful shutdown. Reason people say its impossible,is it is not even on the radar. If banks or government wanted to engage,the system would be done sooner than not. |
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Seems to be a lot of thread stealing from other subforums.
Gold is on the way up currently and I have failed to track if this happens around the American election every time or not,but I think its best to invest in both. Imagine three guys walking along a road and some folks have set up a road block.
First guy has whiskey and trades it off,second guy has gold and parts with some and the last guy has bitcoin!
I suspect the guy with the bitcoin is going to be forced to turn around or give up something more dear to him.
Gold is tried and tested and bitcoin is useless once the power grid goes down.
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Would be a little silly to become dependent on one currency that could potentially be less stable than the Countries currency at the moment. The goal,at least for me,is to be diversified for when there is a issue that makes the currencies fluctuate.
Strapping in to bitcoin defeats the plan for me and think it would be likely the case for most of us.
If you had secondary income this seems like a possibility but not with the current setup,its just begging to be bent over a desk and have a train run right up in there.
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Sig spam is one of the issues,I find most of the good stuff that should be being talked about is in the Press section. Most of us visit
other websites offering news and do not turn to some random guy to give us links that could lead to a story or something much more nefarious.
Once people get the ropes of bitcoin they go to sub-forums or chat groups and do not post any thoughts that could boost a decent discussion. Leaves us with the flood of people farming accounts,rep,sig and other aspects I am not able to grasp down the rabbit hole.
Its also a issue that presses up against bitcoin itself! What is driving innovation or new concepts into the limelight?
As much as I want bitcoin to stay out of government hands and rules,it seems to need a bigger direction and we are currently missing this push.
This forum is busiest during times when bitcoin is fluctuating due to speculation and shilling to push it one way or another.
We bring something new around making a profit and this forum could become a hub again.
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You make some grand plans for bitcoin that are close to planning to win the lottery,lower the expectations and concentrate more on the foundation of bitcoin. The stronger the base the longer bitcoin will have a successful ride,if you where to judge by a lot of the posters you would think bitcoin could face the death of say the sony walkman due to everyone wanting to profit,rather than establish bitcoin.
Mass adoption will not happen because there is a large segment that do not participate in using the internet. So without them even wanting to get on the net,we have a large segment that will not be reached pretty much ever.
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Right now I am sitting back but I may dive in later,my current motivation is watching the real estate market correct with the new foreign ownership rules coming into effect. If I see a drop of over 20% I may look to invest in some property long term. So I have money sitting on the sideline right now till I see a move one way or another that signals a huge swing. Hoping to see a drop but the problem there is the drop could continue as people get hit with mortgage issues and increased interest rates.
Wish I could speculate on both but right now I am more on the sideline and hopefully nothing to drastic happens in each field that makes it unattainable.
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The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!
Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:
1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.
2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.
There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.
These two things are missing one most crucial step that bitcoin is lacking in right now. That is innovation,bringing new products that support or boost bitcoin. We have a real issue with copy cat of anything that potential can spin profit and we saturate the field with faucets,poker sites and whatever easy to set up but hard to establish businesses you can think of. With out innovation bitcoin will become pigeonholed and easier to pick off with exchanges,darknet and gambling holding it up. |
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Bitcoins really help you earn more bitcoin,so a decent amount gives you wiggle room to make profit.
Till then you are destined to fill out surveys,faucet or freeroll in poker tournies till you have enough to make trades or purchase and sell things here on this forum.
All you need to do is look at how many people are doing the exact same thing and asking the same questions over and over to see few are willing to make the gradual slow steps to establishing a sufficient amount to make profit off. The get rich now syndrome holds a majority of the global population under as the rich get richer. This is true essence of life and once you grasp that you will start on the long road to becoming rich.
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Would be a good experiment to tap into the educated class and get them used to using bitcoin on and around campus. If political views are any example of how things change and reach out from these campuses,then you can expect a bit of users that would stick with bitcoin as they moved into normal life.
Troubling that a area that has faced such high gun violence would dump such a large amount into learning how to use bitcoin though.
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Find that the Countries banning bitcoin are usually banning a whole lot of other things as well as they position to control the people in a fashion that is undemocratic so to speak.  Often it is just a talking point and no real back bone behind banning bitcoin and other times its just some overzealous politician thinking he is helping his almighty leader by giving the people one less thing they can depend on as the Country turns to shit. |
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About 2 years ago lots of places looked to be adapting and adding bitcoin as a payment feature around my neck of the woods.
Slowly it looks like things dried up a little on the day to day use as more people are either into trading with it or holding long term.
Seems to be a few other quicker choices for purchasing as well that make using bitcoin day to day outside the internet a bit of a hassle.
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Tips seem to be mostly dried up due to a lot of members not realizing they can do this,might be a nice feature to add like a button as people seem to be unable to figure out they can tip by sending to the address in a lot of members profiles.
As for community I suspect a lot of people got sick of the bickering that went on with personal agendas usually surrounding financial gain by slandering another member to drive off competition.
The scamming has increased due more third world Countries joining into the scene and not having many options to get themselves established or unwilling to put in the work. It evident in the poker scene with the cheating and seems to be the same here with lending and other business where there is a exchange.
The people that drive bitcoin in a political way got tired of hitting their head against a wall with signature spam or people looking to make a fast buck. These are the people we need to drive back into the community.
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New york giants 24 v 17 minnesota
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Money is used for shady business as well,how does paying Iran to release Hostages not come off as dirty money?
You could turn a currency from nothing and it would have a dirty trail very soon because that is the nature of humans.
We are not all what we claim and what we claim is not always what you see!
Blaming bitcoin is a media smoke screen and should not be taken to seriously,most people that find their way here already realize this point.
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To start off bitcoin was a work around for me to continue gambling on sports when the last option to fund my account was taken down on a popular site. After learning a little I dabbled into the poker sites and then the exchanges. Lost a little at both and decided holding long term would be a better option for me.
So after all that bitcoin is for me a solution for the unbanked/unbankable to play outside government rules and not have a paper trail leading back to the person that any Tom,Dick and Harry can figure out.
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Its puzzling that such a thing is allowed but the USA never seizes to amaze when it comes to economic control.
The market is already inflated for different reasons and having the FED involved should just make the amusement park ride that much more swingy.
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Are people going to turn to bitcoin when everything around them falls to shit?
I think they go for the historical and gold drives up faster than you can say "grandma that hurt's"!
Gold translates better on a day to day as opposed to telling some one they just need to wait on downloading that blockchain and then giving them bitcoin in exchange.
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Starting to see stronger signs in real estate turning into a correction and when that comes people will have homes worth less but paying a price that no longer exists. So exploit other people not having a fail safe is the true way to make money,have money when others do not. Meaning save some,investing now may be foolish depending on what it is you are jumping into.
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