Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.
It is very difficult to find anyone that will discuss BU or Segwit. I wish there was more discussion about it but nobody has an opinion for one or the other. |
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If only this were another year long downtrend. I just got another job out here in Afghanistan making about $50k more. I have 2 years of buying ahead of me.
I stopped buying when the price passed $800. I have about 5 months of paychecks accumulated to dump back in if the price becomes stupid low.
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Im really thinking of getting more exposure in alts. We might see sub 1 k :/
Hmm...this is how shills are born. Sell low, buy alts high, then try to recover your losses by trying to get everyone else to buy your alt with the hopes of breaking even and selling. |
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Hey gang. I heard someone mention something about blocksize and Bitcoin.
Does anyone here have an opinion on this?
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Why yesterday name is pump?
No news, but ghrow was be. Hmmm
Someone mentioned it was added to some sort of alt19 fund of alts. Or something like that. I just wish I could add a plugin to my browser to start accessing .bit domains. Something as simple as that. People look up Bitcoin address balances on blockchain.info, why would it be difficult to do the same for .bit IP addresses the same way? Then map it to a plugin. |
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If you have to keep your money in a currency that is specifically created to lose value as a feature, you're doing it wrong. Hopping back and forth between currencies is the source of most problems when it comes to crypto.
If you hope to get rich while sitting on your wealth while doing nothing, then you're doing it wrong  Nah, most of my wealth has come from working 12 hour days, 7 days a week, 365 days a year in a war zone. Bitcoin has just increased that wealth and been a good way to protect it from losing value. |
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It is missing a few key points (e.g. Amazon & Ebay),
Amazon is one of the best use cases of Bitcoin. Why would you want Amazon to accept bitcoins when you can buy anything on Amazon at a discount using bitcoins? You can also buy anything on eBay at 3% off via Gyft, egifter, etc. |
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No, because no one in their right mind uses crypto for it's utility other then gambling by trading  Only the religious people, or poor people, whose only wealth is in crypto are actually paying for things in BTC. One of the important rules with crypto is that never believe your own bullshit sales pitches  All the cryptos are currently pretty useless outside of speculative play. Maybe in the future, we will have a crypto, that is convenient enough to actually be used a practical form of payment!  I have hoped for many years already. If you have to keep your money in a currency that is specifically created to lose value as a feature, you're doing it wrong. Hopping back and forth between currencies is the source of most problems when it comes to crypto. |
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If it dies in a ditch by the road and you're lucky it might bloom into a beautifull bitcoin tree from the seeds in it.
I will plant this money tree and become rich. |
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With the hardware wallets like Trezor, I would just ask. What happens when my Trezor dies down the road and the company that creates them no longer exists? Is there a way to recover my bitcoins from the seed in such a case?
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I supposse you use it for storing the seed/s of a hardware wallet and not for using ever in a software wallet, right?
I'm not very sold on the whole hardware wallet concept. Especially after my Case wallet didn't work as I had hoped. I have the seed but am not sure how I would get my bitcoin back. I have always relied upon just storing the full private key (mixed in a way that only I know). |
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I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
Yup. Hardware wallets are selling out fast. Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy). ^paper wallets a thing of the past? :\ I bought a few of these:  I am quite impressed. Dude tries to destroy one: https://www.youtube.com/watch?v=u1hLFsBuDT0I verified that the private keys were legit on a cheap laptop that I never connected to the Internet. I then pulled the hard drive and destroyed it down to tiny pieces. I will be burning the rest of the laptop in a fire just to be sure. I also bought a Case hardware wallet.  I am not so sure about this one. I put 1 bitcoin on it last year, checked it later and never saw the bitcoin. |
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http://www.coindesk.com/one-bitcoins-biggest-funds-selling-ahead-etf-decision/However, even if the ETF does not launch, Global Advisors Bitcoin Investment Fund (GABI) is optimistic bitcoin's price will head higher – even with continued scrutiny on the market from China's central bank.
"We think the ‘bull’ case for bitcoin will be considerably strengthened, and as such, we would expect a very protracted rally in which we will quickly seek to participate," the email reads.
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The next thing to move the price will be when China starts allowing Bitcoin withdrawals.
Not that the price needs much help in moving.
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Just had someone try to log into my ANX Pro exchange account. That site used the Cloudflare thing that was hacked a few weeks ago.
Just FYI.
They didn't get in, I don't have anything on any exchanges anymore anyway. All cold storage at this point.
IP address was India though that is likely spoofed.
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One of the critiques was from Professor Bitcorn stating that 50% of bitcoins are owned by less than 1000 people. Mark Zuckerburg alone owns almost 30% of Facebook and yet they are just fine with listing his little fund. Many companies list their stocks on the exchanges with most of the ownership belonging to two or three people.
And that high percentage number goes down over time as we all see the early adopters dump a large amount of their coins periodically.
I am willing to bet that they do not hold all future ETFs to such a high standard. I would be willing to write to the SEC during any open request for comments to ask if the new ETF fulfills all of the requirements that they rejected Bitcoin for.
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In the end, Bitcoin will be around long beyond the SEC and the US government.
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I find it strange that they did not accept the ETF because they could not regulate every bit of it.
How do they regulate all of the gold in the world for the GLD ETF?
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