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Did anyone actually invest in Moolah? I was so tempted to put at least a BTC there, I liked the model of business, you would basically get passive income if it was a success. Glad I didn't got accepted as an actual investor because they ended up putting a cap for "only 1.25 BTC investments and above".
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I invest in litecoin because when bitcoin hits a bubble phase litecoin goes up about 3 - 5 times more on price. Im not sure how good it is as a hedge but if the gov messed up bitcoin maybe it would be.
Litecoin is not always like that. Altcoin is very hard to predict when will it be high or not. So I suggest you better not invest in any altcoin better for you is bitcoin altough the price is volatile but it still have a chance to rise more than altcoin Litecoin will always be special, will always be "the original alt", so never count it off for huge future pumps once BTC goes were it belongs (aka moon). Im pretty sure Litecoin will feel that second crypto rush when it happens again. The outcome is uncertain tho, I would go back to BTC as soon as i get decent gains. |
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Bitcoin is not really economically different from gold.
The big difference between gold and Bitcoin is that you can send bitcoin over the Internet. But your analogy still holds. Bitcoin is hugely different to Gold and defeats it on every single aspect, except the psychological one since gold is still king of wealth, luxury and all that crap which is deeply ingrained into peoples minds from birth. But eventually the objectively superior pragmatic reasons to use BTC over Gold will dethrone it as the to-go safe haven. |
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There is a lot of discussion and hype that "bitcoin will go to the moon," My question what does that mean if it means potentially being a highly volatile object that everyone in the world is holding and or trading and volatility ranges at 12million/btc and 10million bitcoin on one day, and perhaps back down to 2 million/bitcoin
Whatver the numbers are, they will likely be much higher than $100-$999. And with out speculating on price, i am talking about the legitimacy of currency that is volatile and has a billions of people involved?
Bitcoin is volatile because it is new and small. Comparatively small amounts of money are enough to hugely affect the BTC price. It's market capitalization is still tiny compared to established currencies like the yen and the US dollar and most of the trading activity is due to speculators. The value of national currencies like the USD reflects confidence in the health of that nation's economy but the same is not yet true for BTC. If Bitcoin does "go to the moon" and billions of people are holding some amount of BTC, then I would expect the BTC price to be significantly less volatile than it is today (although perhaps not quite as stable as fiat currencies). Secondly, hyperinflation aside, we probably won't be seeing a $12 million BTC price. $1 million is possible, but in order for Bitcoin to reach this price, it would have to replace virtually every single fiat currency in the world. If BTC reaches a status similar to how gold is treated today (which is perhaps a more realistic outcome), then the price should hover at around $350,000 USD per coin. If you take a look at the Winklevoss analysis and I think they are on point, BTC is aiming higher than gold. BTC could theoretically dethrone all existing physical payments, which would result in a market cap on the trillions (and then more, since metal and asset money would flow into it as well). I always like to take perspective and remember back in 2009, how people said it would never reach 1 USD. 1USD! Seriously get some perspective and never be afraid to consider sky high rocket prices when there are reasons to do so. |
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The ultimate fate of humanity always brings is closer together to each other, the internet is a big demonstration of that. More and more cultures are merging with each other and becoming blurred. The next step will be doing the same, but with money. I agree with this view, the problem is humans are very ego driven and they like all those stupid flag wars, they would fight for their own "culture" instead of trying to unite as one, so it will be a huge amount of effort and problems in trying to make people forget about their beloved national fiats. |
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The fiat system has already failed with debts that will never be paid (no country will ever be able to face the debt). The system is being kept on a fake bubble by QE and never ending printing of fake money.
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 In the simplest form how would it be possible for the price not to rise substantially in the next couple of years?
Diminishing supply + growing exposure + exponential investment + trading options = positive price increase.
I'm not sure why anyone would be concerned about investing in the technology... this is a great time to expand the wallet.
How many will be regretful for not taking advantage of early 2015 pricing?
The price is going to continue falling. The main issue with Bitcoin is it's only really useful for criminals (drug dealing, money laundering, etc.) Think about it: Why would someone convert their fiat into BTC so they can then go to Taco Bell, or Wal-Mart, or fill in the blank, and buy a bean burrito with bitcoin? The additional exchange step is unneeded. To make matters worse you have to keep a record of capital gains. And buying bitcoin is not easy. Fact: Bitcoin is unneeded by 99% of the world population. It's a fun experiment with limited practical use. Steve Jobs and Bill Gates created something that everyone wants, Satoshi created something that every criminal wants. Fortunately, there are a lot of criminals in the world to sustain the currency, but there's not enough ordinary consumer demand to get bitcoin mainstream. Everything new and revolutionary that exploded into the mainstream was used by criminals only at the begining. Wireless communications, internet, encryption... it all ends up used by the mainstream, BTC will be no different. |
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Whenever I see a new account on the newbie rank talking shit about BTC you automatically know is yet another alias of a guy that wants to make a quick buck by buying as lowest as possible, ad thinks his opinion will have an impact on the price.
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There's nothing wrong with Bitcoin. People are just hoping to make a fast buck.
This. People wanna make a fast buck from the booming of new alts. The problem is when the new alts coming there's almost the end with no one use it again. Not like bitcoin that still have the price. The circyle like : New alts -> booming with high prices -> people sold it -> go down -> the end. Like this and thats why another alts cant beat Bitcoin. All those clueless guys think the analogy of BTC being "Napster" and then waiting for the next Bitorrent to invest and make millions make me laugh. They are missing the completely. ALL alts are alts for a reason: They are cheap BTC knockoffs, except a few. |
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Another new FUD account because once BTC goes back he will abandon it.
You are only looking at the dark side and purposely missing the good stuff. If you cannot see past the price and the FUD headlines you'll never make it.
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I would sell all my bitcoins if I had enough to sell! Jokes aside I would sell all my coin if the price made it to a price i was more than happy with along the lines of $1000 if it is a clear pump then I would more than likely sell before.
Why would you sell tho? In the future, fiats will only keep deprecating as the QE madness continues, while BTC will get more safer and safer, to the point it's absurd to sell. |
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Computer protocols like TCP/IP and bittorrent have shown much more resilience than many financial institutions. With bitcoin you are trusting everyone else who owns bitcoin to have the desire to protect the value of their asset, with a bank you are trusting a group of bankers to not have to resort to fucking you.
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This is what the internet looks like without net neutrality. Someone has to own the internet in such a system. Here in the US it would be large companies, in China it could only be everyone's father figure ;the government.
Indeed, thats why all those "let's decentralize the internet" projects are huge, such as the one OP mentioned. Im buying as much cheap safecoin as possible, same for storj. Im sure those services will play a big role in the future. They seem like much better alternatives to what we have today. |
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Whenever someone mentions a banking problem, explain how Bitcoin would solve it. For example, a friend wanted to start a business, had to deal with a million paperworks. I Explained and shown him a video of how easy it would be to create a BTC address and start recieving payments like that.
Another day a friend needed to send cash to another friend to pick up a taxi, he was screwed up since it was at the middle of the night. He was visiting spain where they have apps like btcpoint and bit2me, I explained them to him. He told him to download the app which allows you to withdraw money from practically any ATM, and he converted the bitcoin to cash, in the middle of the night, only with a smartphone, and in a foreign country (he was a tourist). This is the future and this is why BTC will go to millions. It does previously impossible things.
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Good analogy, easy to understand. My only remark is that, against a brute-force attack, Bitcoin should result a bit more secure than those lockers.  Here is the brute-force attack in this analogy: Here's an analogy to that brute-force attack analogy: You would need to have billions of people trying to open it using the scissors for more time than you'll ever get to live, in hopes that some day the lockers crack. |
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It makes me laugh when people doubt if BTC will go back up. We have billionaires on this boat and you ain't even know it. They will not let it sink.
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Simple ethics. The NSA has a long history of providing covertly obtained information to brutal governments who then use that information to kill people who they have no legitimate business killing.
It is going on today throughout Africa and the Middle East. It isn't like some dark chapter from long ago history. If the NSA owns bitcoin and bitcoin becomes mainstream then a lot of political dissidents in a lot of countries will die.
Why do so many people use such dishonest tactics to promote the notion that sha is clean from possible manipulation by the NSA?
One concern is obviously being able to physically locate a person using bitcoin.
Another concern is being able to snatch their coins.
Honestly, for fucks sake, who would trust something designed and promoted by the NSA?
It's like asking Charles Manson to babysit. Actually Manson has probably mended his ways and might make a good babysitter. The NSA has not changed. It uses sneaky tricky shit to kill a lot of people through proxies in the 3rd world.
All of this is irrelevant to the discussion of whether or not SHA2 is "broken". Just like I could bring up your ideas about 9/11, but it's irrelevant to your belief that SHA2 is "broken." It might let some of the other people on the thread know what a waste of time it is to argue with you. Most educated Americans, a vast majority, believe discreetly that neocons in the United States, along with a vague network of Zionists, were responsible for 911.
If you pick any well educated American and get him or her drunk enough they will admit it. But polls say most people aren't really sure.
It seems some people like to think the NSA is some sort of know it all god that has deciphered everything that we ever knew, to make their lifes more exciting or something. The truth of the matter is, they can't neither decipher SHA2, TOR, and etc. It is what it is. |
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We have yet to see true despair, that means people completely loosing their faith in Bitcoin and truly expecting it to fail.
...
Well things actually do look kinda gloomy around here and on /r/Bitcoin and /r/BitcoinMarkets. I admit, I don't know how dark they still need to get in order to call this true despair, but they aren't exactly bright right now. Can't we just go ahead and ban exchanges that allow shorting?  Yes, people are depressed because of the price decline. But that's not true despair. The current mind set is like: "I can't understand why Bitcoin is valued so low given its great potential.". People have to question the concept of Bitcoin in its entirety, so they give up on the belief that Bitcoin has any chance to succeed at all. The mind set must become: "What kind of brain damage made me investing in this shitty ponzi scheme? I'm a worthless idiot, gambling away all my money, receiving some virtually generated data created out of thin air. I hate myself.".  ya.ya.yo! People that get nervous because of the price will Not make it. If you are here looking at the price, if you are of that type of person that looks at bitcoinwisdom 24/7 you have no notions and you'll end up selling. |
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That would be even better news than a cheap 200 BTC Bitcoin. Just don't kill yourselves once it goes back up and you didn't took advantage of the moronic perception of Bitcoin today.
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Is it any wonder that Germany (population: 80 million; GDP per capita ~46k USD) is doing just fine when Greece (population: 11 million; GDP p. c. ~22k USD) is having some issues?
Germany is making things look better than they are with the minijob scams. They are giving out shit tier jobs to people in order to say: "see, look how low our unemployment rates are". It's unfortunate the rest of the countries are going to import that model. Shitty paid part time jobs is the future that we have ahead, while politicians celebrate the end of the crisis because % of unemployment rate goes down. |
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