Movement of the coins doesn't not mean a sale has occurred.

While it is possible that the movement of the coins spooked the market, it is not known whether or not the coins have been sold. Furthermore, nobody even knows who controls the addresses the coins were moved to.

The article repeats some very common misconceptions:


The difficulty and hash rate are affected by the price, but opposite is not true. If the price rises above the cost of mining, then miners will add hash rate and the difficulty will rise. Likewise, if the price falls below the cost of mining for the least profitable miners, then those miners will stop mining and the difficulty will drop. There is nothing about the hash rate and difficulty that directly affect the price.


Of the 1,000,000 or so bitcoins traded each day, at most only 1800 of those come from miners. It is not likely that miners as a group have a measurable influence on the price.

There is no such "main" address. All the bitcoins thought to be owned by satoshi are still held by the addresses in the coinbase transactions of the blocks that he mined. That means that there are 10 - 20 thousand addresses thought to be controlled by satoshi.

The addresses in question are known (that's where the estimates comes from) and I suppose there are people watching them.

Each mining node builds its own block and validates every transaction they include in the block. They must because if they include an invalid transaction, nodes will not accept their block. All nodes, mining and non-mining, generally validate all transactions they receive, and do not relay invalid transactions. Nodes also generally validate all blocks they receive and the transactions in them, and they do not relay invalid blocks or blocks with invalid transactions.

Your inability to imagine how a technology could become important is a bad reason to believe that it won't.

And just to be fair, I originally did not believe PC's would become popular. Who would pay thousands of dollars to store recipes and manage their checkbook? I was completely wrong and I'll never do that again.

The key is to imagine how it might be used and estimate a potential value from that.

There is no "old school" approach to investing. Other than Modern Portfolio Theory, investing is basically the same now as it was before your great great grandmother was born, and I doubt you are referring to Modern Portfolio Theory.

My guess is that you consider speculation to be "new school" investing, but people have been speculating for as long as they have been trading.

If you have joined this forum in order to make money then you have joined the wrong forum. I think the merit system is working well. It has removed much of the motivation for people to post drivel.

There are still plenty of people that spam, but I predict that they will stop when they find out that it is doing them no good, and hopefully they will begin to participate in a meaningful way..

What does any of that have to do with China?

In 1817, the economist David Ricardo developed the theory of comparative advantage, which explains how free trade can make everyone a winner. There is no need for the U.S. to "win against" China when both countries can win.

Trump and other politicians hurt everyone by imposing tariffs and trade restrictions. They do this because they need the stories of winners and losers in order to get elected and stay in power.

Don't be a sucker. Free trade is really the only way to "win against China".

This is just a temporary thing. Despite record revenues this quarter, the U.S. government is going to show record deficits overall and we continue seeing new absurd levels of debt in the future.

The U.S. government is betting everything on economic prosperity and low interest rates, but no rational person can believe that those conditions can last forever.

I think the difference is much simpler. It is all about priorities:

• Bitcoin Core: security
• Bitcoin Cash: useability

The rest is all just petty drama -- Housewives of Cryptoland

The "Bitcoin Halving" has nothing to do with the price. It is an event that happens every 210,000 blocks in which the subsidy part of the block reward is cut in half. The subsidy is now 12.5 BTC and at the next halving it will drop to 6.25 BTC.

Robarán tus bitcoins.

They will steal your bitcoins.

The chart in the original post is bogus, and of the more than 100 replies, only four other people have questioned it.

95% of the members here are just posting worthless spam.  That is what signature campaigns have done to this site.

It has nothing to do with age. There are plenty of young people that can't understand crypto's world and are against bitcoin and think that this is a bubble like dotcom or tulips.

In his 20's, Warren Buffett's salary was $12,000, but his net worth exceeded $140,000 by 26 and $1 million by age 30. Keep in mind that someone with $1 million was quite wealthy back before the decades of inflation at the end of the century.

https://www.gobankingrates.com/net-worth/rich-warren-buffett-age/

Older people are more conservative because they have more to lose, and also because they aren't as stupid as younger people.


Anyway, Buffet invests only in things that he understands well. That should be lesson one for any newbie investor. If you don't understand what you are investing in, you are just gambling.

I would like a better explanation of what the problem is.

How exactly are bitcoins being lost? You can't send BTC from a BCH wallet, and if BTC are sent to your BCH wallet, you can still recover your BTC because you have the private key.


Sorry. There is no "Bitcoin" brand, and even if there were it seems to me that Bitcoin.com would have a good claim to it.

The identity of any developer is only important if you need to trust them.

"Scarce" is a concept in economics that means "limited" or "finite". It does not mean "rare" or "difficult to obtain".


Bitcoins are not more rare. There are 1,700,000,000,000,000 satoshis, and there will be 2,100,000,000,000,000 satoshis-- enough for 300,000 per person. 300,000 per person of anything is not rare.

It is not possible to know which addresses are accessible and which are not, but you can make some good guesses about some addresses. Here is a list of likely "burn" addresses: https://bitcointalk.org/index.php?topic=917913.0