That and start really taxing its companies...
But here USA is just like the whole world.
There isn't a single fucking country actually taxing its big companies...
The problem with taxing the big multinational companies is that, if you tax them too much then they will run away to some other country where the tax rate is low. A lot of jobs and tax revenue will be lost. False If you tax big companies they can't really run because they can sell their products only in your developed countries. You can always tax on their sales. It's not that easy. Let's see what Trump does about it. I want to see him pushing Google and other big multinationals but chances are he will not be able to do anything, the billionaire multinational companies always find a way to win. |
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I will really want to know the composition of the debt with that I can know whether to castigate the ruling class or not. If the money is borrowed for the betterment of the country then I am good which I doubt though. USA to my understanding is fond of throwing money around in forms of aid in other to still maintain control of world politics in which the money could even come from debt. I think they really need to look for ways to reduce that and maybe the 4th generation can finish paying that debt...
the Social Security Trust Fund is the most cause of the usa debt, it is a fund used for retirement money. And the fed is simply monetizing the debt. FED purchases Treasurys from its member banks using credit created with air. Also china and japon both own something like 2 trillions dollars together, they are the largest foreign holders. Honestly think that military spending is where the United States needs to cut back. Reallocate funds back to STEM, and in a decade USA could be paying off this debt. Trump's focus on bringing a couple thousand jobs of manufacturing is only sustainable as long as the government subsidizes it. We should focus on preparing/initiating the fourth revolution, which is probably the only thing to spur enough economic growth to pay off this debt, besides another World War. That and start really taxing its companies... But here USA is just like the whole world. There isn't a single fucking country actually taxing its big companies... All big companies leave and stay in tax havens. Look at google, they have been in Ireland not paying barely any taxes compared to what they would have paid in US or Europe. There is just no way to stop this, they will keep doing it. Meanwhile the common citizen is trapped in his country paying big amounts of taxes making shti amounts of money. There is just no winning as an on rich man. |
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The skill part is more of a feel... you start developing a feel for a particular market. Fundamental factors are very important. You mix that and some technicals and then you must take a decision.
Ultimately, it comes down to luck, because you may miss a big pump due an unexpected new. For example, you expect a dip because the ETF does not pass, and set a short position, but then, the ETF passes, BTC goes to $5,000 and you go bankrupt.
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I didn't expect that we will see upward trend. No after 2nd PBOC intervention causing biggest Chinese exchanges to stop bitcoin withdrawals.
There is rumor that Chinese traders are starting to disregard government actions and attempts to curb bitcoin trading and are focused more on p2p trading.
This would explain mild bullish trend in spite of the ongoing investigation on money laundering in China.
Look at the price difference from OkCoin to Bitstamp/Bitfinex. It used to the OkCoin the one with the highest price, that means china was dictating the market. Now the market leaders are not china anymore, and bitcoin keeps growing. This simply means now china is looking at Bitstamp/Bitfinex for price reference, chinese price is now irrelevant. |
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I dream of a day where bitcoin is boring  So boring as to be like a credit card...just a utility. can I get an amen? I dream of a day when all bitcoin folk come together miners and bitcoin core etc ..resolve the block size issue and move on to the real fun making BTC scale like the credit cards above and be boring! I dream that the PBOC will be less and less relevant the more and more it cries wolf and as such China exchanges will move and/or just not matter I dream because of all the above and 80% of all BTC ever made will be done in 2018..that my frigging BTC will be worth 10k each All in the name of BOREDOM (hey, if BTC works as it is supposed to ..it should be boring as hell ...at least a the consumer/user end ) Hallelujah Your thoughts and dreams of how/when/ this may come to pass be sure to take the poll The only way to scale bitcoin to credit card levels is via lightning network. No amount of raising of the blocksize will ever scale to credit card levels. This is not that hard to understand. Please stop demanding bigger blocksizes and start demanding segwit + lightning network if you ever want to see bitcoin to be used at credit card levels. |
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Bitcoin keeps outperforming every other asset on earth. It's amazing to see how the price is going higher, leaving back the OkCoin price. Currently in Bitcoinwisdom:
Bitstamp 1037.31
BTC-e 1026.938
Bitfinex 1042
OKCoin 984.19/6747.1
Wow!!! 53 dollars of difference already. Bitcoin is no longer waiting for china. Im sorry chinese guys, you need to hurry up and get your money out of that country, start stacking up on bitcoin by buying on other exchanges. Bitcoin waits for no one. ATH incoming.
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considering some estimations that about 3 mln bitcoins were lost, you must have only 13 bitcoins in order to be the One in a million One in a million as OP pointed out is usually about having the amount out of the total supply not the current supply. currently it is 16+ million coins and it is rising by about 1800 bitcoins every day. so if you want to consider the current available supply you need to increase the amount you hodl every day. OP have included this part --> (ignoring the number of coins lost) on purpose. The statement will be even stronger if you factor in the lost coins, but nobody knows how many coins are lost, so for that reason he has left that out. It is still a huge accomplishment if you can acquire the 21 bitcoins are become part of a small group of people who has done that.  Not only that, but the fact that, logically, and statistically, more and more coins will keep getting lost in the crypto void forever. Mistakes happen, mistakes are unavoidable. People will keep losing their hard drives due malfunction, they will keep losing their cold wallets in fires/whatever, they will keep forgetting password... never ending possibilities to fuck up, which is good news for the ones that don't. I would estimate that at least 1 million coins are lost forever already, and not including satoshis coins. Then, add in the deflation rate due the constantly lost coins. The result: In 10 to 20 years 21 BTC holders will be inflation adjusted USD millionaires. |
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BU is going to be the way we go? Anything else out there besides segwit or BU? (like that is actually doing something).
I don't know how I feel about nodes deciding block size. Seems like a good idea but I also see the potential for a group to control the blocksize..
The solution is already there: segwit, then once we get segwit, a blocksize increase, as suggested by all experts. If this doesn't happen, blame the miners. BU will never get anywhere, stop making threads about it. |
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your biggest flaw and any other people with similar theories flaws is that you all forget that illegal activity such as funding terrorism is not done through bitcoin and will never be done with it if you ask me.
when USD is easily doing the job done with maximum efficiency and it is accepted everywhere super easy without any trace of it nobody is going to choose bitcoin which is traceable on the blockchain.
besides if they decided to go the cryptocurrency route they will choose a coin such as monero or other anon coins not bitcoin.
I see terrorism being funded in bitcoin easily as it becomes easier and easier to get rid of the trace of the transactions, it's going to be easy to get the coin trace obfuscated with mimblewimble and confidential transaction and so on. So yeah I can see terrorists eventually catching up even tho it will take a ton of time since terrorists are typically dumbasses. |
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What if there were a terror attack like 9/11 financed with cryptocurrency or the US government decided that the risks to financial surveillance and tax collection posed by cryptocurrency was so high that it decided to launch a war against cryptocurrency like its war against drugs or radical Islam and was willing to spend upwards of a trillion dollars over the next several years to combat it? Couldn’t they just mount 51% attacks on every current and future cryptocurrency and freeze all transactions?
For example, ballpark figures to duplicate current Bitcoin network hashrate would be $600 million equipment cost and $5 million per day electricity cost.
Might a response be to create niche, private, “underground” non open source, restricted access cryptocurrencies? Could these gather enough network effect to have any utility without being vulnerable to attack?
It wouldn't be far fetched to think that the government could finance an inside job terrorist attack of huge proportions in order to forever deligitimize the usage of bitcoin. On other thand, a legitimate terrorist attack of huge proportions could be financed used bitcoins (by the terrorists itselfs, so not an inside job) Both scenarios are possible, and both would be a big blow against bitcoin at a mainstream level most likely.. |
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I still don't understand what actually happened here[1] , I mean the chinese exchanges simply vanished and have no volume at all while Japan is taking the lead now? I heard that they stopped the withdrawals but isn't that finished yet ? [1] https://coinmarketcap.com/exchanges/volume/24-hour/all/You cannot withdraw your coins from the exchange but i think that you can still trade with the coins you have in the exchange.What ever it is a dumb situation created by the largest exchanges in terms of bitcoin traded volume to halt peoples coins and their freedom. Is it really legal to hold someones money like that ,i really doubt that. My question is when will the suspension on withdrawals be lifted and are they going to limit it once it has been lifted? Surely the government is a bit concerned with all the money going into bitcoin but that is counter productive in my opinion because that in turn may temporarily bring prices down but eventually push it up further, which could bring the value of yuan down. you should get your facts straight. the government has no concerns with money going into bitcoin, but they are concerned with money going into an unregulated place and used for laundering money there specially with the zero fees they used to have. and that is a big difference. That will be the problem and concern with all the governments around the globe and what if every country comes up with regulation which would dent the growth of bitcoin in the name of fears of funding to terrorism and money laundering as these are the main points that any government would come up . China will eventually become an irrelevant actor unless they stop fucking around and start accepting bitcoin oficially and supporting it, otherwise more and more miners will move from the country and the bitcoin capital will move too to bitcoin friendly places. At the end of the day, the countries that ban bitcoin or otherwise encumber it will end up losing. |
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What do you think about the fact that cryptocurrencies will literally be the future ? In a few years, it will exploded and, be rich if we hold many ?
Bitcoin holders will for sure be rich, but you will need a good portfolio of at least 21 BTC. The 21 BTC long term holding goal is very real, you would be inside an elite group of holders destined to be very wealthy, that's why we must fight and fight and keep hustling bitcoins with no rest until we reach 21 BTC. |
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One of the good indicators of bitcoin making progress is the fact that we are staying at 1000+ for days now and everytime we approach 1000, it goes up again. Doubters seem to be getting nervous and they are getting in when it gets close to 1000.
So we hit a new record? We have been at 1000+ since Feb 2th.
This is no new record We have been in this floor and visited it several times. It is that now i guess this is the new floor (I hope so) of Bitcoin price. A good value to start skyrocketing again.
As far as I'm in bitcoin world, I have learned 'there is no any stable price that last for days/weeks or even months for sure' fluctuate price is a normal thing in bitcoin environment because bitcoin still in growing phase and doesn't has bigger market cap to hold the price free from manipulation of daily traders. However, even though bitcoin price fall down due to a problem, the price will recover again and again which it already back to $1000.
Even the most stable currency fluctuate. Remember the only permanent in this world is change. It is the universal law. So there is no news if Bitcoin fluctuates but if it goes deep below $900 then it is a news . Bad new for holder and good news for buyers. I guess we will keep fluctuating from high 900 to low 1000's until we are going for the big ass pump that will bring us to to the new all time high, we are going to see a lot of people missing on the pump since they will be waiting for the next dip. |
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As far as I know, this site sells Bitcointalk accounts.
What is the calculated of any account price. If I want to sell my own account, what should I determine?
There was a website that used some sort of algorithm (I think) to value the BTC price of a certain account. I think no algorithm would be enough to decide the price, it all comes down to the market. I would personally never sell my account for less than 1 BTC. I spent so much time in this forum learning and posting, I reached Hero Member... I value my account too much, so 1 BTC minimum. I think that is the average market price for Hero Member accounts with real posting and not total gibberish usually in some foreign language/offtopic section spam. |
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$25.000 is something that I wouldnt dream of.
It is something too good to be true. Btc needs stabilized price.
au contraire, If price stabilizes, bitcoin dies (eventually). mining block size decrease and difficulty rise are "supposed" to occur in parallel with btc price increase, otherwise miners would not be able to mine profitably and transaction validation stops, therefore network wanes and eventually dies off. this is all according to Satoshi's design. Yeah, we need constant growth, that's what people need to understand. Bitcoin is deflationary in nature, so there has to be growth so good profits for miners are sustained as the supply and mining reward both decrease. The marketcap is tiny. Bitcoin will reach 5 figures before 2025 guaranteed. |
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Without an exchange that allows bitcoin withdrawal, the price has lost its value.
Bitcoin is going to the moon in other exchanges, Bitfinex is right now hitting 1011 dollars. Meanwhile OkCoin is stuck at 981 dollars. Conclusion: It's clear that now bitcoin has departed from china, china doesnt call the shoots anymore, we can hit an ATH whiteout china. |
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I hope this post gets shot down and I am 'proved' wrong. I have been a supporter of Bitcoin for a few years but.... It is becoming apparent that Bitcoin will only ever fulfill the role as gold 2.0, and that is... a Currency of Last Resort. It is a currency of last resort because it is so inefficient. I rack my brain daily to 'conjure up' a use case (that I can test) that relied on Bitcoin and has a preferable outcome when compared to regular fiat and 3rd party services. The ways in which Bitcoin is similar to gold - expensive to purchase with your wages (ie. spreads, exchange fees, bank transfer fees etc.), very limited on who will accept as payment (most vendors unwilling to accept due to the same reasons/ ie. expensive when changing back to fiat) and slow to transfer (debatable one). I don't even think drug dealers are using Bitcoin that much. When the EU calculated the UKs GDP to figure how much the UK should pay into the EU, they took into account how the illegal drugs trade is worth to the UK (I kid you not! Story http://www.telegraph.co.uk/finance/economics/10861170/Drugs-and-prostitution-add-10bn-a-year-to-UK-economy.html). They calculated it to be worth £4.4 Billion. The UK is only a small country so I'm sure that if you add Europe and the US we're talking tens of Billions. How much of that is going through the Bitcoin network I guess we'll never know - I would like to see the stats if they are available as to how much of the Bitcoin network transactions are the exchanges and how much is individuals or smaller firms. So what is Bit[Suspicious link removed]d for? It's inaccessible, expensive to acquire and has limited appeal. It has been an excellent investment over the past few years (like gold ) but I can't help but think that when our banks administer their own blockchain currencies that offer efficiency and with that efficiency comes additional use-cases that really work. I feel that this competition is coming up fast and if Bitcoin wants to be anything more that a fringe currency for the ultra-paranoid then it had better get a lick on!  The only way that bitcoin (or any other existing crypto) can compete against the centralized payment networks like VISA and Paypal is by second layer solutions such as the lightning network. So onchain transactions are gold 2.0, and that is enough to make it worth $100,000+ Offchain transactions on the lightning network for a global fast cheap usage drive it to $1,000,000+ easy Stop dreaming with a coin that will have global onchain cheap fast transactions. |
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We are back to 1001 in bitstamp and soon the rest will follow. Okcoin is stuck at 975 because china no longer moves the market.
Current prices:
Bitstamp $1001.21
BTC-e $988
Bitfinex $994.43
OKCoin $975.27/6700
Looks like OP screwed up again with his FUD.
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I read the article again at Coindesk. The OP has made a mistake. Fiat deposits and withdrawals with the Chinese exchanges are allowed. Cryptocurrency deposits and withdrawals are the transactions disallowed by the exchanges. They became something like a regular stock market. Okcoin and Huobi has released a statement that this will be enforced for a month until they have their AML mechanisms in place. How will the do that with Bitcoin? What stops me from sending them to another wallet owned by a close trusted friend in another country?
If you cannot deposit or withdraw any cryptocurrency in your exchanger then its useless to do some trading on that site. Possibly that occurrence has contributed to the latest decrease on the price of bitcoin. But hope Chinese exchangers can comply to the required AML mechanism standards so they can operate normally and bring back bitcoin more lively again in China. Well BTC price is $1015 usd on Coinbase as I speak. So screw china. BTC Honey Badger don't care!  When the price gets around $1,100 usd per BTC, I expect the China Authorities to 'gasp' find more ....'inconsistencies and dubious behavior on exchanges" tut! tut! Rinse/Wash/Repeat Yawn, getting old  It comes down to market participants to not feel prey of the dirty PBOC tactics. If holders don't fall for the panic sell stupidity, the PBOC will not profit from their short positions and there will be no dump. China is stealing money from bitcoin holders with those dumps, then when they have a lot of cheap BTC, they will officially accept bitcoin as currency, making it go to the moon. |
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Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices.
I think that quote is taken somewhat out of context. Satoshi was discussing why it would not be a good idea to integrate a cryto-currency whose purpose is not to be a peer-to-peer version of electronic cash, in that case a domain registrar. Satoshi was discussing how someone who wants to buy a cup of coffee does not want to download entries relating who owns which domain, and those who want to register a domain does not want to download entries relating to who had paid for their coffee. Also he somewhat implied that if you integrate domain registrars into Bitcoin, then other registrars will likely also get integrated (that similarly have nothing to do with spending cash), for example, various county registries of deeds might get integrated into Bitcoin, and similarly, someone buying coffee in timbuktu does not care who owes property commonly known as 123 Elm Street in Maimi-Dade, FL. I personally think that Satoshi's vision of Bitcoin was one that involved on-chain scaling in a way so that the overwhelming majority of bitcoin transactions would show up on the blockchain. I also think that one reason why Satoshi left the Bitcoin community was so that people would not say "we should make this change because Saotshi said...." If you want to disagree with Satoshi's original vision of Bitcoin, that is within your rights, and I believe that Bitcoin was designed in a way so that if there is consensus, then Bitcoin can be changed. You can't have peer-to-peer electronic cash if the nodes are centralized in datacenters cause the average joe cannot anymore run their own nodes. So you have to choose. Unfortunately, we can't scale anywhere near VISA levels onchain, so we need a second layer. Whoever comes up with a coin that scales onchain to massive levels, is instant, decentralized, cheap... will have a real bitcoin 2.0. That seems sci-fi to me, so until then... bitcoin is king. |
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