You're probably not going to be getting the coins from a shitcoin like this, as you're not going to want them plus the fact that you'd have to use your private key to get them. So unless you want to put your ENTIRE Bitcoin wallet on the line, then you're probably not going to do something like this for NEGLIGEABLE amounts of money.

I'd avoid all of these, and if everyone in the community did the same then people would stop.

Bound to happen with the Bitcoin network in the state that it is now, meanining that there is a lot of BTC moving hands. Price for TX fees are going up, congestion on the networks. If you ever do want to know the average confirmation time I'd just refer here so you know the state of the network - https://blockchain.info/charts/avg-confirmation-time

It's not Breadwallets fault though, it's the whole BITCOIN network (overarching network which your wallet is apart of) which is having issues.

Well he said no one could regulate Bitcoin (of course without controlling the network with the miners) but that doesn't mean that people can't regulate the purchasing of Bitcoin with fiat, so it's not like Bitcoin is REALLY being regulated with these new laws and such. It's the means of using your fiat currency to buy Bitcoin, which is being regulated. Evidently, this does make buying Bitcoin and getting more people, involved with Bitcoin much harder. As a lot of people aren't going to want to join into a project that the government isn't HAPPY with and is actively trying to hurt through regulation.

Bank war is inevitable, we're fighting them and they WILL fight back.

There's no real way to measure adoption, it's not something which (at least I think) you can measure through some stats such as the amount of TX's, google trends, amount of wallets, etc. The only sort of way of measuring this in my mind is to see if companies near you, or at least online companies, are accepting Bitcoin as a payment method. This, alongside more and more companies striving towards adoptiong Bitcoin as a payment method. That's the only way to get the consumers involved, as they don't care they just want to save a couple of bucks. If Bitcoin can do it, they'll use it -- if the dollar of a credit card does it, then they'll follow that.


Meh, there's not TOO many sources on something like this. And even if there is, they usually follow the wrong data.

I can't even come close to seeing this as being true, the amount of energy consumption that we all must be using when it comes to mining Bitcoin has got to be an insane amount -- of course it's not close to FIAT currencies as they're the ones which are being used EVERYDAY by EVERYBODY in the world. But do think about the issues that would be faced if we were the main and only currency, of course we'd have an insane amount of issues too when it comes to enviromental impact.

Gotta think about it like that bud.

This is only due to the fact that the Bitcoin price increased drastically and the difficulity of mining didn't follow along with it. This will happen at some point, as more and more miners will want to get involved with Bitcoin as they want to make some good money as the difficiulity is low - which will balance out at some point, brining the TX down with it.

So, this is a temp thing and will be corrected-- don't get too worried YET.

I can't see a world where the governments of the world, who are fixated on control, are going to allow Bitcoin to flourish. It's unfathomable to me to see them allowing themselves to lose a great deal of power to something that they can't control in any way, shape, or form (besides the miners of course)

So Bitcoin really doesn't have much of a way into normal life if you think about it. It may gain value among trades, but never will it become what Satoshi wanted it to be.

I mean, sadly enough I have already made my exit plans and I really missed the big opportunity to make money. But what can you do, that's what's expected to happen when it comes to Bitcoin. Though I do help that the people that are heavily invested into Bitcoin have thought about the amount of risk that they're exposing themselves to right now. They should make some ample plans to sell if Bitcoin sells a certain percentage.

It will crash, soon enough.

I know there has been some changes with Bitcoin, but I wouldn't think that anything big has happened (nor do I know of anything big that has happened) in the past month to justify this mass price influx. This is insane, and I really don't see a point to it.

I would expect some of you to know a bit more then me about it, so I await some more insight. Thanks!

Well given the fact that this 'replacement for credit cards' is something that isn't even close to mainstream adoption and is worth in the hundred billion mark is something we should be proud of. Imagine when Bitcoin is able to propser and get to the point where it is mainstream? It'll have to have a market cap in the trillions when it gets to this point, and that's insane to think about.

Apple is also a MONSTER company too, very mainstream. I wouldn't compare the two at all, they're so different.

Bitcoin was the first to come to crypto, the builder of everything here and will always be the coin in charge. All of the coins need Bitcoin, Bitcoin needs nothing and doesn't rely on the rest of these shitcoins to survive. If you want to buy any altcoin then you're going to need Bitcoin first, Bitcoin is the king and has the trust and faith of people -- it is the coin which is not only being traded, it is also being used as a currency in many businesses.

Bitcoin will always be #1. Not ETH, Ripple, or another one of these new shitcoins.

Yet again, nothing is ever completely safe. But the only thing which is going to leave you with the most control of your bitcoin on a mobile device is only going to be a few wallets, which include BreadWallet. This is due to the fact that they don't store everything and allow you to have complete control of your coins, which means owning your OWN private key.

Plus they allow you to use 2fa, so this does remove the ability of people to steal your coins -- unless they steal your phone but that's an issue with using bitcoin all together.

https://www.buybitcoinworldwide.com/wallets/ios/ - Check this for some IOS wallets, I'd think they have a tab for android as well.

Well something like this in impossible if you are to really think about it, because the problem lies here in the fact that you can't be anonymous when handling a lot of the LBC exchange things which include stuff like bank transfer, credit card selling, etc. These are all transcations that you have to be known for, you have to provide some sense of identification or people are just not going to use you -- as this is an easy way for scammers to try to cash out with their stolen CC's and bank stuff.

Plus the fact that KYC regulations exists, which force companies into intruding into the privacy of their customers.

Well it's not like power is really going to be a problem with Bitcoin, as we know more and more people are going to innovate when it comes to the ASICS which are used to mine Bitcoin. So power efficeny is going to be something that is hopefully (and probably) fixed by this time in the future. Renewable energy will be on the rise, and it will probably be cheaper to use -- as traditional power sources fade away (given if these companies let this happen)

Bitcoin can be sustained, it just must innovate to keep going and who knows if it's going to be able to do that. People don't want to pay high fees nor deal with 51 percent attacks. And I don't think normal users want their coin to be a traders coin, as that it pretty much what it is now.

I mean it really matters on how you are as an investor and the amount of risk that you're ok with putting yourself out for. If you're fine with losing some (holding through it) and then MAYBE making some more money out of this entire deal, then so be it. As in a volatile market (as Bitcoin is) we could see huge shifts and you may panic sell, which will hurt you in the long run.

Plus the fact that we don't now if this is the ATH and we're just going to go down a slippery slope, who knows what's going to happen next -- as this is unchartered territory. Though most on here will say to HODL, I can't agree  I think we're in a bubble.

Well the way to stop people from getting scammed is to teach them what a scam looks like, and teaching people the simple fact that is 'if it looks too good to be true, it probably is' and no one is going to double your money, that's just not going to happen. So if you see this, you should be running immediately.

And if you do give someone a bit of money and you make some profit, RUN AWAY. The business model behind this is that people get greedy, put more money out and then lose out on a higher amount of money cause they now feel safe. It's all a bunch of shit.

I don't even know why people (including yourself) use the investor /game section of the forum.

When the author of this essay says this 'The market price of a commodity that is quoted in the news is often the market futures price for that respective commodity.' I think that they're saying that when an analysts marks what the price should be of a commodity, it is going to levitate towards that as they (normal average people) think the experts know what they're doing so it will gravitate towards that. This'll be the fate of Bitcoin if it fully changes to a commodity instead of a currency.

Lets hope we don't go to this.

If you saw the stability issues in Venezuela, and the problems that they're having with their economy, currency and so on. I think the volatility of cryptocurrency would be a sigh of relief for a good amount of people, crazy to say -- but it is true in the end.

If you do want to see what this country is like now, here you are  - https://www.theguardian.com/world/2016/jun/22/venezuela-economic-crisis-guardian-briefing - A year old, still relevant though.

Probably a step in the right direction, though this is going to be controlled by a failing government -- so yeah, 10 steps backward. SOCIALISM! IT DOESNT WORK FOLKS

Yeah, there is zero chance that you actually got through any (or finished for that matter) the KYC stuff in order to go ahead with buying Bitcoin with them. We all know it sucks, but I wouldn't blame the company when it comes to KYC regulations. As these are regulations which are imposed by governments to track who is doing what, as they're nosy and they want to know what's going on.

I'd reconfirm with them with their customer support if you actually finished it. Send some screenshots of the limits page.

Gosh, you're really not the brightest one on here.

Well for one, Satoshi (the creator of Bitcoin) does own a massive amount of Bitcoins-- and even though he hasn't shown his REAL LIFE true identity that doesn't mean he's not waiting for the right time to offload all of his coins. As he could make a fucking pretty penny if he was to unlock all of those coins from the wallets. Here is an article to show what are the alleged wallets of Satoshi - https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Yes it could though, massive supply wouldn't be matched with Demand.