I only know one thing: Bitcoin is being supported a lot by the Japanese government, to the point of seeing TV commercials about bitcoin (I saw this commented by a guy that actually lives in japan, so no bullshit history here). There are a ton of shops out there that support it, you can buy anything you want all over Tokyo with BTC.


ICO's are irrelevant. They ban ICO's? so what, more money goes into Bitcoin, that's the only that will happen, so as long as you are holding you will be ok. Stop stressing over ICO's.

I have been telling my (online, because I don't know anyone in real life that even knows what bitcoin is) friends to get rid of their altcoins, because sooner or later there would be a massive bull run to bitcoin that would last months. They never believed in what I had to say. "Bitcoin maximalist" they would accuse me off.

Recently, they finally dumped their alts, which they were holding in hopes of a pump to make more bitcoin with, and simply held BTC. They have dodged the massive alt crash that has brought up BTC back above %50 of the crypto marketcap dominance.

Im not saying all altcoins are shit, but most are. It seems finally reality is kicking in amongst noobs that thought they could get easily rich with altcoins, and they are finally going back to BTC.

I don't think Bitcoin Core has an Android wallet. What are you exactly using?

If I had to use bitcoin on my phone (something I don't recommend... phones aren't, and can't be safe) I would use Green Address. It is one of the most legit wallets there are for the phone as far as I know.

But if you aren't carrying much on your phone as you should, then any of the usual wallets like Mycellium should do.

It's sad to see how all of these people will most likely lose their bitcoins because they are too stupid to learn more beyond "buying bitcoin on coinbase".

One has to be delusional to not think an huge percentage of these coins are going to stay there, at the mercy of coinbase's policy on hard forks. If they decide that S2X is BTC, the noobs will not realize they are holding S2X. Once S2X gets dumped into oblivion, they will have lost purchasing power, which coinbase should be responsible for, but they will pass it on the contract, which leads to noobs getting scammed because they are noobs.

 I don't like Ethereum for many reasons, the main ones being the most obvious ones:

1) It started as an ICO, with one of the worst distributions i've seen. Early devs got 80% of the supply, absolutely retarded.
2) The way they dealt with the DAO, forcing a hardfork that was very controversial. Vitalik crying to exchanges to stop all trades was a clown car crash

These 2 alone don't make it a long term hold for me. Im not saying it couldn't go to $1000 tho.

Forget about trading, you are going to get absolutely rekt in the bitcoin market. Just look at what happened renctly. A ton of people thought $7200 ish was the top, then we had a pretty big correction, it went up again and many traders started assuming it was a dead cat bounce and $7200 ish was the top. This is where a lot of people started shorting expecting a couple weeks of correction.

Fastfoward 24hours later and we hit a new all time high of $7500... moral of the story is, you can't predict what's going to happen.

I would not do any margin trading, but the only margin trading I would do is going long on bitcoin x2. As long as bitcoin doesn't go below 40% you should be ok.

I find criticism of segwit that i've heard from several places very valid and it is a vector of attack if the segwit addresses can be attacked by colluding miners that decide to do so (I couldn't explain the technical details, but this is the summary, correct me im wrong).

What it's not clear to me at all is if this is a concert that is practically possible or just theory. And I also don't see where satoshi said "no segwit". I've read satoshi quotes saying how he designed bitcoin with support of several format addresses on mind or something along the lines.

Just move your coins to another address (using coin control on Bitcoin Core or anything similar in the software you are using, and if the software you are using doesn't have something like coin control then your software is deficient) in order to retain privacy so all inputs aren't sent into the same output.

This is annoying and indeed you will spend money in fees, but there's no other way to be sure but to do this, whenever you have a matching address with funds after a fork on any number of chains. So in this case you would need to do this process 2 times, 3 times actually after November 18th or whenever segwit2x fork happens, since you will have matching addresses in 4 chains.

Most altcoins will keep crashing since there's no point in holding them when bitcoin is making all time highs daily. Maybe Ethereum can deliver higher highs due the proof of work to proof of stake change, but I dont like Ethereum at the long term at all. I think it will peak and stagnate. Bitcoin will continue growing. Next year we will start having the first lightning networks and sidechains and it will be the best year of Bitcoin ever. Altcoins will struggle to justify their presence in the field.

There are way many bitcoins at stake that are pro-1MB legacy chain that those who are willing to sacrifice their 1MB legacy coins for segwit2x chain coins. Just take a look at the bets on twitter. Gmaxwell, Adam Back, Trace Mayer and so on, were talking about making bets as high as 25,000 BTC. Roger Ver was too scared to take it.

About Coinbase users, they can easily lawsuit them no matter how many "terms of conditions" Coinbase comes up. That will waste resources on them.

Bitcoin could never compete against payment networks such as VISA, because VISA is centralized, and the only good thing about centralization is that it is as fast as needed, of course, without all the positives of decentralization.

The only way you could aim to compete is through second layer networks. It could never be as good as on-chain, but it is certainly way better than having massive blocksizes and 100 times better than VISA, should be enough for the average guy trying to send 100 bucks or less worth of BTC.

If it's patented, has closed source, has a shady start like an ICO, a premine, of anything of similar nature, then it is a shitcoin scam, nothing much to add. Everyone claims that they got "next bitcoin", yet, nobody is releasing this "next bitcoin" into the wild to get tested by the market, the user load, and the hackers, attackers, shills, forks, and everything that bitcoin has survived.

Don't fall for the scammers, they just want your bitcoin. If there is a coin that beats bitcoin in every department, we will be the firsts to know and admit it, but so far we only have half assed attempts and smoke and mirrors at worst.

Just an interesting bit of information to have on mind when it comes to long term cold storage with segwit addresses: if you want to claim one of these dumb non-segwit forks like BCash that may happen in the future, you will not receive the coins. In other words, if there is a hardfork that does not support segwit, you will get no coins. So if there is ever another one of these with enough relevance to get some free money, remember that you must move your coins back to a legacy format address (the ones that start with 1.....). I think most people don't know that. Not that I expect anyone to make more non-segwit hardforks, but just in case, have that on mind. Im personally not moving my cold storage from the legacy format, I don't see the need.

I don't expect that, which is why I expect 2x to fail, since people that matter (holders) are going to dump their coins in order to stop the fork, which will force miners to stop mining the 2x chain unless they want to go bankrupt.


Im talking about users that matter (holders that run their own nodes to control what their transaction is doing). These users care about not turning Bitcoin into Paypal 2.0, which is why they will fight forks to no end, and believe me, there's billions worth of BTC ready to fight corporate takeovers such as the 2x one. If you don't do anything, then I guess you don't care if some day corporations come up with a fork that will raise the 21 million limit, for example.


Which is why SPV users aren't part of Bitcoin. Coinbase and co can't claim their users are supporting 2x (which is what Coinbase, Xapo, and all these crooks are saying) when they don't know what any of this means.

Just look at this pic:



With Bitcoin, you are winning the lottery at slow motion. With the US Dollar, you are losing what you have in slow motion.

The supply of the US Dollar keeps increasing, the valuation of "1 USD" may still be "1 USD" but your purchashing power has gone down the shitter as you can see, whereas with BTC it keeps going up.

https://twitter.com/CNBCFastMoney/status/925120155440513024

It's good to see people that aren't completely anti Bitcoin in national TV for a change. I've been following this guy's predictions. He advised to buy Bitcoin since years ago on Fast Money, the TV program in CNBC, he got basically laugh at and told he was crazy. Well now his co-workers must hate him and themselves for not buying when it was cheaper.

He predicts at least 10x gains given the fundamentals that I have been talking about too. Bitcoin's marketcap is still tiny at 100 billion dollars compared to what can it reach.

Think about it this way: The early adopters of bitcoin that bothered to mine when it was WORTHLESS, yes, that's right, mining it when it was $0... they really cared about the technology and not the price. The people that put effort into developing this thing when it had 0 reward deserve the biggest reward now that it's growing into something big.

You can't expect some guy that hears about it 20 years later to have the same reward as the guy that coded, ran a node and mined it since the early stages, specially the people that said it's a scam but then regret not buying earlier.

This is simple: risk:reward ratio is always going to be there in any fair system.

It has positives and negatives just like everything else.

Can you live on a bitcoin? Nope, but you can live on your real estate. Does bitcoin deliver dividends like a stock from a company? nope, bitcoin will not give you any dividends.

But if you consider the negatives of real estate and stocks and consider the positives of bitcoin:

-You can't pick your real estate and flee to any country you want with it. It is always tied to a particular spot. It could be vandalized, subjected to stupid laws etc.  You can pick your bitcoin and go to any country you like with them and nobody can even know.
-You can't trade your stocks 24/7 in a global market and you will not receive a split automatically in case of a company splitting (in bitcoin you get coins on both chains automatically if there is a hardfork).

If an user losses access to his account, but can cryptographically prove that he owns all the BTC addresses posted before the hack, there are no excuses to not give the account back to the owner providing all the proof. I've seen people getting their accounts back with signed BTC messages so don't act as if it's impossible.

Everyone can lose their email and end up with their account here hacked. Hell, even satoshi lost access to his gmx email, yet, he could prove it was him if he signed any of his addresses. That is the whole point of Bitcoin. If admins aren't going to accept BTC signed messages as enough proof then I would suspect something scammy is going on (the conspiracy of inside jobs selling accounts for instance). I don't think that's true but who is to say.

But how can you accept donations then? In order to accept donations, you need to make your bitcoin public address public, and everyone is going to be able to find out how much you got donated. For example, Wikileaks got more than 4,000 BTC donated, they have been using the same address since 2011, this is a huge problem. But what options did they have?

Is there any way to generate new addresses and guarantee that these addresses belong to you? For example, you click a "donation" button and a new address is generated each time. Im not sure this is possible without additional risks. This is hosted in a website so it could be hacked and pointed to ward's attackers keys so he receives the money.. for example.

Bitcoin still lacks privacy at protocol level.