I've probably used the wrong words and made it look like I see this new ATM installment as a negative thing. My bad.

What I meant is that I wish there were more merchants working on implementing Bitcoin rather than installing ATMs. As I've posted earlier today in another thread, ATMs usually take significant % as fees, especially for withdrawals, which is a huge drawback especially for a not-so-good economy like Nigeria's. I've looked up the ATM but I can't seem to find the % it takes for Buy & Sell at the moment, if you could find this information it would be awesome. Just wanted to compare the % to those I find in my country and around Europe.

The high % for withdrawals makes it very inconvenient for the poorer investors to sell their BTC, because they'll look (and I think everyone will, not just them) to maximize the total sum they'll end up with in their pockets. Hence, I'm thinking the economically disadvantaged countries such as Nigeria and Venezuela need a way to handle BTC with a % as close to 0 as possible. One way to do this is going for online exchanges. On the other side though, it just came into my mind that ATMs can be used to sell BTC when you're in an emergency.. so it's got both advantages and disadvantages.

My apologies for the words used. It seems that I fuck up my statements due to the words I use way more often than I should.

I don't really see it as adoption, it's more like enabling the Nigerians to get some BTC in an easier manner. A little but sweet development for BTC in your country, and I'm happy to know you've now got an option to purchase and sell in a physical way.

But considering the population of Nigeria, the pretty bad economy situation out there and the country's size (~4x larger than Romania, the country I live in), I believe most people will still head towards online exchanges. It's just more convenient. An ATM will obviously help though and is better than nothing. Here we have quite a few ATMs but I still feel like there aren't enough & the fees are pretty large (speaking about the withdrawal fee), nor are there enough shops yet. I still have to find European merchants if I ever want to buy anything with it.

EDIT: I've checked a few websites and apparently the only BTC-related thing you can find in Nigeria is this new ATM and a few online exchanges. I think I'm too used to hearing about new ATMs and I just didn't notice & understand that they literally don't have any BTC service over there. With that being said, I'm glad to know the crypto community out there got a little boost with this ATM.

Let's be serious. Theoretically BTC is important in their situation but China will never give up their money for some decentralized coin. It's against their ideology.

The situation screams for the digital Renminbi. It calls for a push towards the launch of their digital coin, and the virus outbreak is just the perfect moment for them to do it and convince people it's the way to go.

You'll never hear them saying "get Bitcoin and let's stop the virus from spreading away". Never! And knowing they've been developing their own digital currency for a while now, it gives them even less reasons to ever call BTC a solution to the problem.

I mentioned "starting a lawsuit" based on another article I read from CoinTelegraph.

I wish they would agree to that. I think we've heard more of his name than we've heard of Satoshi.

50x return is a pretty high point you're looking forward to. If you're willing to go for only a few coins (10-20), the chances of having a larger profit in time will be higher than having only 2-3 coins invested in, but the more coins you put your money into, the higher the chances are. It's a miss or hit basically, and I guarantee there will be coins in a few months/years that will have incredible price pumps and will also remain stable price-wise.

A good example I'd give is DASH. $0.21 was its lowest price that's ever been recorded, and today it's up 530x. Whoever invested just $100 in DASH at its lowest price history has today a total of $53k sitting in their crypto bag. I've been here since before DASH was a thing, I was a cryptonerd & addict and yet I had no idea what this coin was about. Years later, I found out it's worth this much money and remember, I calculated all that based on the price we have TODAY.

Take the lowest price record of DASH and compare it to the highest ($1642.22) and you have 782,000% profit. There you go - 3/4 of a million out of a $100 investment.

As I said, it's a hit or miss. A project you might consider to be shit today may do a huge and revolutionary update tomorrow. So just keep your eyes on today's coins as much as you can, study them and see which you think has a big potential. I'd rather invest $5 in 100 coins than $50 in 10 and hold them all for many years if high percentage return is what you're looking for. Using DASH again as an example, $5 at its lowest price history was worth ~$40k at its price peak. Of course, $50 invested in it would be worth ~$400k, but if you buy only 10 coins what are the chances you'll pick up a gem out of the list?

If you're willing to withdraw your BTC in an anonymous way, ATMs are imo not the way to go. Let me explain why:

1. Most ATMs have cameras installed in order to identify QR codes. Some of the ATMs I've used took pictures of me while using them, hence my identity is already at risk. This happened only at one ATM I've used (it was the first and only time I've ever used that one), but it was enough to make me pretty angry for some time.

2. You'll risk being requested KYC at any point. I usually go for an in-depth reading of the Terms & Conditions of an ATM before using it, but most of them have updated their terms in the past few years to include KYC too. If you exceed a limit they've imposed or if your transaction is considered suspicious, you'll be required to offer identity before you receive your money in return.

3. ATM withdrawal fees are pretty high and inconvenient. You're risking to get identified by the ATM anyway at some point and they'll take a pretty high percentage of your money. Doesn't make any sense and in the end it may not be worth it imo.

4. Don't you think using ATMs are the anonymous way to go. You're going to sit in front of a camera and the funds you are going to receive will be trackable. There are most likely also security cameras around you, so if authorities want to know who you are, they'll find out.

Therefore, be careful if anonymity is the way you want to go. I would also like my identity to be preserved as anonymous for as long as it can be, but lately it's kinda hard to do it without it also being inconvenient one way or another. If you're going to go for the ATM withdrawal method, make sure you at least check out their T&C and/or contact them beforehand to know whether there are going to be taken any pictures/if KYC is required. Better be informed than unpleasantly surprised.

Sometimes the society doesn't really like the fact that some people are addicted to gambling so they somehow isolate the gamblers from everyone else. And most of those gambling end up in debt, hence the addiction is sometimes seen pretty similar to the one of drugs.

Trust me, you wouldn't feel great telling someone you're a gambling addict. Been there before and it's not as easy as it sounds

The game your mind plays doesn't stop so easily if at all. I see no reason for someone who's been cured of gambling addiction to ever go back to gambling. You either stop once and for all or you don't.

Returning to gambling after a cured addiction is exactly like returning to drugs after you've been cured of the addiction. You're only inducing yourself back in the drug game.

People are still pointing out at the Chinese mining farms to create a false image around it, as if Bitcoin is controlled by the Chinese government. They'll just keep doing that, because they have money and they have the influencing power. So many false ideas are contoured around BTC, but a simple search is more than enough to find whether it's true or false. And giving XRP and Ripple a few searches is also enough to know why you should never listen and give audience to their spokesperson, CEO of Crapple.

Ripple's sitting in a shit ton of money thanks to their XRP shitcoin. Remember, just a bit more than 10 days ago they've released another 100,000,000 XRP. There you go, $30M out of nowhere. Imagine Satoshi having 500kBTC and randomly releasing 10kBTC every month. Trustless payment system? What a joke

Bitcoin will never do that, XRP simply acts the same way fiat does so it established the same aura fiat has in my mind: centralized, inflation, crap. Get your money out of it before it decreases in value, in other words.

Of course they're giving him +20 minutes of airtime. He's their man, Ripple is the company sustaining the digital fiat. Or, in other words, digital shit. I could invest in some random 2000th shitcoin from CoinMarketCap and it'd be the same thing as investing in XRP or fiat.

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Now putting all that aside, I'd recommend lowering your mic volume. The beginning of the video scratched my ears until I reduced the volume by more than half.  

I'm in for Komodo too, supporting them specifically for the Atomic Swap DEX they've created. They're also ongoing a strong roadmap you can check out here: https://komodoplatform.com/roadmap/

I see a DEX, I'm interested and I support it. That's how it works for me. I am going to wait until the largest DEX yet is going to be developed and then move and trade my funds over there. Besides KMD, I have some other coins I've bought such as LTC and other OG ones + those I can see a future for, but one day I'll most likely swap them back for BTC. It's more of a move to maximize my BTC holdings in the end.

Accused user: PreciousTheo
His thread: http://archive.fo/dMXto
Original article: http://archive.fo/zfDPY

Take a look at XRP and see for yourself what it means to have so many tokens locked up. It means someone has control over billions of dollars and I'm more than sure they're going to keep a small but significant percentage of the locked tokens to themselves.

I personally don't give a damn about those coins that are not mineable and have a high % of the total supply locked by the team. Is it decentralized or not? I mean, Satoshi didn't need to lock up coins and the percentage he supposedly owns is very small, especially knowing he probably did not expect Bitcoin to go this far.

These tokens have basically turned into moneybag-generators for their creators. So fuck tokens and ICOs. Go for the OG coins.

I don't think so. Here's a list of just some of the replies from the FIRST PAGE of a thread:

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Like come on, this is silly. It's not just the fact that it's boring, but it's clearly the same idea repeated over and over without anything else useful in the reply. I strongly believe these should be moderated and removed. I'm not saying I'm a high quality poster or anything, but I'm really trying my best not to repeat the same thing others before me have said because it makes no sense and looks like I'm just posting for the post count.

If 1 sat would have a good value, then you better have a lot of money in your wallet because you're going to pay a lot for a transaction fee!

I don't get it, my question has never been answered before: If Bitcoin ever has a spectacular price increase and 1 satoshi would have "a good value", how will we handle the tx fees? As I suggested a while ago, BTC's supply should stay the same but it should be split into more than just 100 million pieces. We need a lower denomination before a satoshi would be worth a lot.

On the other side though, would miners ever accept a.. say 1 satoshi fee per tx if 1 satoshi was $1, no matter what the size of the transaction is?

You're missing the big picture here. Kids won't care how much they earn or lose through the mod. Most Minecraft players are children and they're only playing it because it's fun.

This incentive to make children use cryptocurrencies is a great concept. By using cryptocurrencies from young ages, they grow up with its technology. It's both fun and learning, so why not?

Also, the e-sports championship rewards are much larger than "a few thousand bucks". One example is the Counter-Strike: Global Offensive ESL Championship where the teams fight for a final prize of a million bucks. That is worth something, isn't it?

Is there a popular belief saying that all players lose in the long run? You do lose as soon as you don't accept the fact that you've won and turn greedy. It's the brain thinking "If I earned 10% profit so easily, I can earn 10% more again!" and making you believe constant and consecutive wins are achievable.

This is how most players lose. It's a game of luck & addiction. Your brain will want to see that second win, and then the third and so on.. until you lose and then repeat

It's not about keeping assets out of taxes. Would've been amazing if there were no taxes imposed on crypto capital gains, of course, but the thing is, any attempt to gain more intimacy is being terminated by the state. Whenever we finally find a way to "hide" from the public without any bad intention such as tax evasion, we're just pulled back out in the public spotlight.

There are enough ways to escape for those looking to do tax evasion. I just feel like these regulations don't have much of an impact against those with malicious intents. We're being requested and drained of more and more personal information while they're successfully making their moves to escape. And it's common sense: one who is going to commit any kind of crime will never be silly enough to provide KYC anyway - and it's just an example out of many.

Protonmail (possibly Tutanota too) provides end-to-end encryption only in between two Protonmail users or end-to-outside encryption (if you send emails from Protonmail to Gmail for example) if you encrypt the mail with a password. I personally don't consider it a privacy mail provider. If you're using a throwaway mail for privacy and anonymity purposes, you'd want to go for hiding as much sensitive information about you as possible.

I wouldn't recommend creating accounts you care about using this service. Only accounts you need to use once and just for something that isn't important to you/doesn't require any personal information. I can go to the website and take ownership over your accounts by using your email, as it requires no password.

Also, IP isn't protected by yopmail. You can use TOR with a disposable email service like Guerrilla if you're seeking anonymity.

Can you explain why this type of reply is the new trend of BitcoinTalk thread replies? I think there's no need to explain the meaning of "increase rapidly" and OP clearly stated both the fact that it's about "the price of bitcoin" and the answer to the question "why". Your questions are self-explanatory.

I believe this belongs in Speculation. Anyway, if the 2012 and 2016 courses are followed, we might see some beautiful increases for sure. And apparently Bitcoin doesn't give a damn about any of the latest economical/political events, it just goes on its own like it doesn't care.

Coronavirus? Trump's impeachment? The Iran tensions? We had all of these and yet BTC stood up like a king and carried on with the spikes. A little bloodbath was needed before we move on.