No actually it wasn't.
When the first crashed came the support at the 900+ evaporated in a matter of hours.
Indeed you might think that there is 'strong' support at some prices but there actually isn't. Once the price starts moving down, people start moving their buy orders down. I highly doubt that it will keep going down but who knows (remember $60 last year and what happened after). I've noticed some buy walls are already gone, we are going down. It's a domino effect. Winklevoss twins, Tim Draper and other big whales could panic sell. Maybe, they are already dumping... True whales don't sell, because they see the potential. The Winklevoss are heavily investing with their Gemini project. They know this is a very long term race to win. You didn't saw Warren Buffet selling his stocks when they went down after he bought, he holded most of them for 10 years and made measly profits from them, thats how you make money. But this time is differently, Warren Buffet is too old to get BTC, but you can still learn from his advice and apply it to modern times. |
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If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!
It will be fun looking at the all time graph a decade from now or so. That 1.2K ATH peak will look literally like a small bump. Just like the first 30 USD peak now looks like nothing. |
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What was the idea of Cyprus or Greece to stick with the Euro and not go back to its own currency?
Eventually it would happen, it's inevitable, so why they haven't done it 2 years ago and this way they could have saved the falling bank, print money, and go back into growth faster than ever, and even gain more trust by investors than the way it looks so bleak now?!
Why common sense and politicians never coincide?
What do you mean by 'Print Money'? you know adding more toilet papers with the machine that make money, they said that money does not grow on tree, but for banks this isn't true and that quote is a bit stupid, because you can't just print money out of nothing you need to back your money with the wealth of your country Yes that's why I asked this question. If printing money can make a country rich then all the country will make Billions in few days. A country has to back up the printing of money by equivalent amount of Gold, export income, GDP etc. Economy is based on trust. Imagine you run a convenience store and you get credit from lenders. The lenders see you are successful and make nice profit from selling groceries to customers. As long as you are on that path they trust you, lend you more, get paid back from you - all is well. But what happens if your convenience store suddenly needs to deal with more competition (e.g. more people open stores in your street), some suppliers turn you down, some customers prefer to buy elsewhere and so forth? Then your business is shaky, it's unstable, and there is a lack of trust - would lenders lend you money when you're doing bad? Probably not, or probably they will under very strict conditions. That is where Greece is now, it has a huge lack of trust, lenders don't want to lend more money to Greece ... so printing Euros is not the only answer because it would only cover the debt for now but the situation won't improve by itself ... the convenience store needs to make a change to put itself on the right path for growth again - and that is where changing the currency would work for Greece, it would put it back on the road for recovery and then printing money would be a temporary solution to pay the debt, afterwards the convenience store would be back in the position where it was initially. People in Greece are just lazy, don't want to reform, don't want to work, prefer just getting money for doing nothing from the EU. They are not allowed to work on sunday, that fact perfectly describes Greece. Such legislation cannot work and since people are lazy they don't want to work. They will end in poverty but it's their own fault. Other countries in the world had the same problem but reformed and are on the right track... There are lazy people everywhere. Greece has been through a terrible amount of corrupted governments that have ruined it all for the rest. Sure part of the people have a part of responsibility, but not all. And lol at good track. Germany is scamming people with their minijobs that pay shit nothing, just to present better looking unemployment figures, but at the end of the day what we have is low paying minijob fest. |
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I remember mining a couple thousands of this and still hold them on my portfolio. Its a coin similar to Worldcoin or Litecoin I think. They do nothing new, but have decent developers behind and are faster than BTC, which in the unlikely event BTC cant solve the fast transactions problem, they could rise.
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I don't think Satoshi is in a hurry for money to sell something as iconic as the first BTC address ever. When BTC is mainstream and makes it into history books, the value of owning that first ever address will be unvaluable. Satoshi knows this and im sure he wouldn't agree to sell it, unless he totally needed to. |
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im brand new to bitcoin, I've been reading for a few months now and Im ready to get started. I have read mixed reviews about places that allow you to buy BTC with your CC but I cant find one im for sure about. Can anyone point me in the direction of a site that is reputable for this?
One of my first BTC purchases ever was throught credit card (linked to paypal) using Virwox.com. The fees are ridiculous tho. I would assume that nowadays there are better alternatives. |
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I see a lot of people looking for faucets and other ad-click schemes for earning tiny amounts of BTC. I know there are a lot of gaming sites out there with free-rolls and such. What are the reasons that people prefer faucets and surveys over playing games? Seems like a more fun way to get one's first bitcoins. BTC
Because faucet always give you few bitcoin, unlike gambling site with free-rolls where you can lose your bitcoin (from free rolls) But, i still prefer gambling sites with free-rolls / faucet, since you could earn much more bitcoin than faucet In fact, faucet is waste your time Faucets can give you some satoshis at first, which can be handy to use the wallets and send transactions. My first use of a wallet was thanks to a faucet that gave me some satoshis to experiment with. |
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10 years to collect cheap ass BTC before the next rally goes x10 ATH, seems like a good plan to me and anyone that has a good understanding of what is going on. |
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It has been 8 years since Bitcoin was introduced to the public by an individual who called himself as Satoshi Nakamoto. Bitcoin is described as a peer-to-peer decentralized digital currency that can be transferred to someone without any involvement of banks and other financial entities. Bitcoin became a very interesting option for giving mobile banking services to the people who doesn't have any banking information in underdeveloped countries in the world. Read more: http://bitforum.info/t/why-bitcoin-mass-adoption-is-still-not-happening/830In your own opinion what are the reasons why mass bitcoin adoption is still not happening right now? Since when has Bitcoin been introduced to the public? go around and ask random people, only like 1 to 10 person knows what the fuck Bitcoin is and chances are the % of people that actually understand it therefore see a real use of it are even lower. We are still in early 1990's if we do the internet analogy. |
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I am not verse with various financial instruments. Can u plz explain in short what are these Shorts, Futures are ?
It means people have borrowed and sold on the market a total of 28531.03 bitcoins hoping to buy them back at a cheaper rate and take profits. It also means these bitcoins will have to be bought back on the market at some point. What is that likely to result in, a crash or a pump? Pump, even tho it can always backfire and turn out worse, but all indicators are pointing towards a recovery lately. Definitely a good time to try to amass as much BTC as possible. |
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@Amph Where did you see it was a rumor? Did a quick search and found nothing.
@GreenStox I know of cases like Ireland where the result not to enter the union wasn't accepted. And they repeated the referendum until they got the result they wanted. And I know of cases like Greece and the fear mongering against Syriza. But didn't hear of voting fraud. Do you have sources for that? Not that this referendum is binding anyway. But still significant if it isn't only a rumor.
Even Stalin said that its not who votes that counts its who counts the votes. Democracy is a joke really. The only power you (think) you have is voting, but even that is covered with frauds and deception. So really c`mon people you must realize that democracy is just another form of mirage and scam the tyrants use to keep their slaves in-line. If not democracy then what will be the best model? Tell us dear. May be Dictatorship? No the best model is: Freedom. Democracy is just another form of "subtle" slavery. What do you mean by Freedom? There has to be a system to handle 7 billion people. You can not let all the people free on planet. It will be a chaos. Don't you think? Do you think freedom for one means that another one has to be a slave? Consequently, instead of action for freedom, you strive to insert yourself amongst the elites by confusing the lowly masses? That is what I call black occultism. Well, there are studies that say if we distributed all the wealth in the world evenly person per person, everyone would be able to live the same life quality the poor class in mexico has. The question is, do you want to live like that in behalf of global equality? |
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The person who originally sent the broken transactions deleted his wallet
Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case? You should never delete a wallet.For sure he has a backup. Somewhere... It's literally impossible that satoshi "lost his coins". The creator of BTC would never make the mistake of not having enough diversified backups. He's just keeping his coins and not moving them around, that's all. Are you sure? Nobody knows if he lost or not his mined bitcoin. All the posts here are only supposition about satoshi, and it is normal to think he doesn't lost his bitcoins (but I am not sure of this thing). Im also 100% sure that he never lost his coins. He's on this for the very long term, he create Bitcoin and predicted everything thus far (including the blocksize problem, the mining centralization etc). He knows things will turn out ok, and he never intended to sell but to live inside the btc ecosystem (becuase at some point we will not need to sell, it will be a very used currency). Im pretty sure he has addresses that we do not know of, and uses these to buy everything he needs, while keeping that address frozen. |
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One thing that most people don't seem to understand is that after 21 million Bitcoins have been produced, the TOTAL number of Bitcoins in circulation will decrease in a LINEAR fashion each year. Why? Because a consistent number of people (maybe 0.05%) will always - ALWAYS - lose their private keys. This is inevitable.
So with the number of Bitcoins DECLINING (after 21 million) and the demand RISING, classical economics tells us that the price will SURGE.
My very gross estimate is by 2140 when all Bitcoins are done being mined, at least 40% of the total supply will have disappeared by then due coins being lost forever. |
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I see nothing wrong with advertising the fact you pay to any address, and have no phone verification... that is something I dont like which I means I like this campaign and would like to enroll: Name: thejaytiesto Position: Full Member Bitcoin Address: 19LzHygeEKDdvF49HoQUGUJScomawma9n4 Link to Recent posts: https://bitcointalk.org/index.php?action=profile;u=381086;sa=showPostslet me know if I pass to change signature, cheers. Wear the sig before applying, lol.  Sorry, didn't see it on the OP. The thing is it's at the bottom of the second message, I think it should say that on the first message where it says "HOW TO APPLY" as another step. |
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I see nothing wrong with advertising the fact you pay to any address, and have no phone verification... that is something I dont like which I means I like this campaign and would like to enroll: Name: thejaytiesto Position: Full Member Bitcoin Address: 19LzHygeEKDdvF49HoQUGUJScomawma9n4 Link to Recent posts: https://bitcointalk.org/index.php?action=profile;u=381086;sa=showPostslet me know if I pass to change signature, cheers. |
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It really is fascinating how the last mania conjured up such wild expectations and emotions. Everyone was hoping for continued exponential growth (because so many people bought in at prices around $1000), but naturally that can't happen.
I still like a prediction made tying M0 to the price of bitcoin. At a 0.1% equivalency to market cap at the second halving, that would make a bitcoin worth ~$440 at this point next year. Let's see what happens...
People said it was insane for BTC to reach 10 USD back in the day, so you can't blame people calling them out and saying they were insane that we would keep growing from 1000. Everything is possible with Bitcoin, thats why the future is very exciting. |
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So the 15th has come and gone, and that something big is.....Elwars Bitpools forum.  Well if that doesn't get your juices flowing....well it doesn't, I'm afraid to say.  But it's a forum that forces you to prove you have and hold some Bitcoin to weed out the trolls! So what. Beartrolls hold Bitcoin too. Just because they troll doesn't mean they don't hold. But it's also a crowdfunding forum where you get a nice Bitcoin seastead! And. You'll need millions of money, BTC or fiat just to maintain it, and the natives would get restless pretty fast. Guess, anything to drive a little traffic to his own forum and create a mini hype cycle. Overall, a suck of an announcement truth be told.... Yeah, I was expecting something bigger that would have an impact on Bitcoin's price. The idea of the forum sounds good, but this is not to my understanding "something big" and not worth 15 pages of hype. |
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Im not sure this is going to work out well. It sounds good on paper, let's see if they can really run a 100% libertarian nation successfully. It will be a great experiment.
let's hope that there won't be taxes there if they want to run a truly liberation land, those small states if start accepting bitcoin, should avaoid taxes, they should collect fund in another way for they infrastructure It will end up with some sort of regulations going on just like every single "fully libertarian" countries that ever tried to reach that goal. |
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Seems that Bitcoin is a premine scam if true.
I would like to know if any of those premined blocks where touched in front of major crashes. How can I find an answer for this question?
Nope, it just means no one cared to mine in the early days because mining was absolutely useless back then (you were mining 0 USD BTC). |
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Also, you didn't answer my question: What/who is stopping you from becoming influential/valuable dev? probably because there are so many questions in this thread (well including people answering a question with a question). ... Not really, I don't think there are that many questions in this thread. You seem to be very selective in your replies and haven't address most of the things from my last 2 posts. ...
anyways whats stoping me becoming an influential/valuable dev, if you mean in bitcoin; lack of faith in bitcoin. not from the first day i used bitcoin (many years ago) have considered it even remotely likely to ever become a useful alternative to fiat.
as for dev of something i see promising in the future, be happy too.
That's not what I meant. You call Bitcoin centralised because of "only 5 core devs", while there's absolutely nothing stopping you from being the dev yourself. You don't need anyone's permission. If you have knowledge/skills and can use arguments to convince others to your ideas you could have more influence then those 5. As for now, you sound like complaining about 'water being too wet'. Indeed. If an individual is capable of delivering quality content/bug fixes/features to the protocol it will get implemented. The open source is open to anyone to try. |
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