It seems most bitcoiners prefer cold hardware wallets over online platforms but why is that? Considering platforms like coinbase are FDIC insured and have the best security in the business, it seems much riskier to try to secure my bitcoins on my own. I feel my house burning down or some other accident destroying my wallet is much more likely than losing it on Coinbase. And if there is a breach in coinbase, I get it back... so what am I missing?? While I’m not new to owning bitcoin, I am new to learning about it. So I apologize if this is an annoying newb question.
If you are so afraid of your house burning down,why don't you just put your cold wallet in safe deposit box in a bank. If you are still afraid,just buy an insurance policy for your BTC from an insurance company(even though I don't think that they provide such insurance products right now,they might start going this in the future). In conclusion,there's no 100% safety for your Bitcoins anywhere,but it's still way better to keep your coins and your private keys in your house,instead of relying on the mercy of some big corporation. |
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Most people in the western world call it gravity,not gravitation.
Graviation is debt?Wow,you are a genius.You are the new Einstein.Go ahead and win a Nobel prize in Physics.
Life is a business?Well,if working in a 9/5 job or being unemployed or disabled is a business,then we are all businessmen.
Debt is just other people's savings,which we can use to leverage our own spending or investments.
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The quoted article was a boring to read wall of text.
Financiers,bankers and accountants are NOT investors.They work for a monthly paycheck+bonuses,or they get a commission for every new customer they acquire.
Investors are investing their capital and getting a return-interest rate or profit.
Financiers,bankers and accountants don't risk anything in their daily jobs.All the risk goes to their customers.
They(financiers,bankers and accountants) can invest their savings everywhere they want.
If they don't want to invest in Bitcoin,that's fine.
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Bitcoin futures trading was doomed from the beginning.
I don't believe that Leo Melamed was sincere with his statement about making Bitcoin "not wild" and trying to regulate the Bitcoin market.I guess that he was speaking what the investors wanted to hear.
Anyways,the Bitcoin market is way better without BTC futures trading.The institutional investors will have to buy real bitcoins,instead of buying some financial derivative,that has something to do with the Bitcoin price movements,but isn't directly connected to Bitcoin.
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Yeah,I guess that we will continue with the "Bitcoin is bigger than 'insert random company name' stocks prices" type of forum posts.  Which company will the the next one?Google,Amazon or Microsoft? I couldn't care less about Buffet's opinions in regards to Bitcoin.He clearly said that he doesn't understand how Bitcoin works and he doesn't invest in businesses and financial assets,which ha can't understand. "Rat poison" is actually a great thing,because it kills rats.Bitcoin is the rat poison,that will eventually kill the "fiat money rats". |
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I don't think that the Bitcoin bull market is caused by Grayscale only.Perhaps there are other big players(institutional investors and crypto whales),who are staying in the shadows and buying BTC,while Grayscale stays in the spotlights and gets all the attention from the mainstream media.
The Bitcoin price went from 19K to 28K USD in one week,which isn't sustainable growth,if you ask me.
This is a price bubble,caused by FOMO and this bubble will burst sooner or later.I don't know who or what caused that bubble,Grayscale is only one of many factors.
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Bitcoin became really important for me during the past 4 years. Without Bitcoin,I would have been in a way worse financial situation-probably flat broke.I'm not rich,but thanks to Bitcoin,I have enough savings and income to pay the bills and provide for my family,plus I have financial security and I have saved money for a rainy day. I regret for selling my BTC at the wrong time,but I'm thankful for the opportunities I got,because of Bitcoin and the great crypto community. I can't say that I'm happy,but I'm thankful,despite some regrets in the past. |
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This has been repeated many times in the forum and I can't stress this enough. Dividing Bitcoin into smaller parts does not create new Bitcoins!This is the same as the stupid idea,that hardforked Bitcoins are actual Bitcoins and hardforks create new Bitcoins out of scratch. I don't know why this discussion appeared out of nowhere,since this question has been already answered years ago. I guess that the FUDsters and Bitcoin haters simply don't know how to shit over Bitcoin right now and they have no valid arguments left. |
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I get her point of view,but the Bitcoin blockchain is kinda limited,in terms of how many transactions it can handle for a given time frame.This creates a different kind of scarcity and I think that this is more important than the global Bitcoin supply mining limit of 21 million coins.
Other factors that create scarcity on the Bitcoin market are the amount of HODLers and how many BTC they are currently HODLing and the increased difficulty of mining Bitcoins.
Also,there are many cases of BTC wallets,which are lost forever,due to forgotten passwords and various other reasons.
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I think that the first three months of every year are usually the time for a bearish or stagnant Bitcoin market. This happened in the past 3 years,but there's no guarantee that it will happen in 2021.The world is in a very intense pandemic followed by a recession,so there's a possibility that the entire 2021 might be extremely bullish for Bitcoin.However,I don't want this to happen,because I want to buy cheap Bitcoins,not expensive Bitcoins. It seems to me that Bitcoin is protected against FUD and the hype and optimism around BTC is growing more and more,every day. |
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We might come across so many users posting unrealistic predictions about Bitcoin. We have already witnessed this during December 2017, so please be more cautious than ever before you invest into bitcoin by doing your own research and if you are ready for a long term investment then you may think of investing so that even during worst case situation you will get back your returns just like those invested during last peak and hodled it got it now. If you are looking for short term gain then give it a second thought.
The FOMO phase in the Bitcoin market has started a week ago,so you are kinda late with this conclusion. Every prediction about the future of Bitcoin and the BTC price is more or less unrealistic.No trader or investor in the world will base his buying decisions on other people's predictions about the price of any asset.Perhaps only the amateurs and newbies will decide to buy BTC,only because some random "analyst" on the internet tells them to do so. |
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This guy is trying to sell shovels to gold miners.Or maybe he is trying to sell fantasies to day dreamers. As long as there are gambling addicts,who are willing to pay for such script,there will be people like OP,trying to sell scripts,software and bots,claiming that they will miraculously make us rich.  We are all struggling to make money every day,but OP should not insult our intelligence by offering such "product". |
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I still see many people being puzzled by BTC, saying it's a bubble, that it's going to crash, etc...
Taking advantage of the huge price rise, I think some early believers should team and buy an existing bank. Not Barclays, nor JP Morgan of course, but there are small banks out there. Imagine a bank owned by bitcoiners, for bitcoiners. It would become an exchange, and it would be the best exchange in the world with the full ability to make Swift and SEPA transfers without the need to use the service of a third party.
This doesn't seem like a solution to me. Buying a bank doesn't mean that the bank will be allowed to trade cryptocurrencies for SEPA or Swift transfers. Every bank,no matter how big or small it is,needs permission by the authorities to do business. I'm not a expect,but AFAIK,payment systems like Swift and SEPA are third party services and no bank can't avoid using them. By the way,Bitcoin is really in a price bubbles,but there's nothing wrong with that.Almost all financial assets can form price bubbles.Buying a small bank to turning it into a crypto exchange won't make the Bitcoin price more stable. |
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Spamming Youtube comments with a bot is the laziest scam of all scams.
I guess that this scam still works,since the scammers keep doing it.Perhaps Youtube will develop an algorithm that will track and delete all those bot comments saying "This guy is legit,he helped me make a lot of money.Check his Telegram,Instagram,Whatsapp,bla bla" I'm sure that Youtube has the capability to fight spam and scams on their platform,but for some reason,they simply don't care.
I wonder what kind of people would be so naive to trust this BS?
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Even if we buy 200 USD worth of Bitcoins at a 25K USD price,how much will the price increase after 5 years? I don't believe that the BTC price will increase above 100K USD in 2025,so those $200 will most likely become $800. Do you think that this amount will "secure our future"? I don't want to promote Bitcoin to anyone,because the people will begin to believe that Bitcoin is some sort of ponzi scheme. One Satoshi will most likely never reach the 1 dollar price,so there's no point of fantasizing about what will happen in the future. Bitcoin is not a lottery ticket... |
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It will be a central banker with all the bitcoin in the end. They will buy the biggest mining farm and collect all coins through network fees.
Even by holding bitcoin we still lose to the central bankers in the end when we make a transaction they will collect the fees.
Whether it`s 100k USD a coin or 1billion USD a coin, it`s no skin of their back, just pressing a extra few 0`s into the computer when they make fiat.
Bitcoin does not free us from $lavery. It runs off the fumes of fiat.
How we beat them is to make everyone the currency creators, distribute supply 1 hour coin an hour or 1 second coin a second to unique addresses created from a human HWID, iris, fingerprint or heartbeat. That way when the central bankers buy the supply, everyone wins. Sure we don`t beat them, but if you can`t beat them, join them.
I don't see this as a competition or a battle.The central bankers don't really care about Bitcoin.They have to take care for the economy and the financial sector.They have to protect the banks from going bankrupt and keeping inflation rates low.Do you really think that central banks will ever going to buy cryptocurrencies? The governments will never allow them to buy coins. Your idea of "hour coins" is pretty old and it never got implemented successfully,because the people will find a way to fake that "hour coin" currency. Can you create fake Bitcoins(real BTC,not BCH or any forked pseudo-Bitcoins) out of thin air? I don't think so. |
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From my point of view,there is way less hype around altcoins now,compared with 2017.
Back in the day,a new altcoin/token was created every week,claiming that will be "the coin that will dethrone Bitcoin".That didn't happen,so nowadays the traders and investors are way more cautious,when investing in altcoins.Maybe that's why the altcoin markets aren't that bullish,compared to the Bitcoin market.
The other reason is that the institutional investors are mostly interested in Bitcoin Core and they are completely ignoring the altcoins.
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Yeah,but the Chinese GDP per capita would still be way lower than the US GDP per capita.
If you ask me,GDP per capita is more important than the total GDP of a country.
China will become the World's number 1 economy for sure,but the majority of the people in China will continue to live in poverty.
It seems to me that the US economy is a giant financial bubble,created by massive amounts of debt and money printing.
The Chinese economy also has price bubbles,caused by debt and government spending,but they are way lower than the US bubble.
Anyway,I'm trying to say that all those bubbles are kinda manipulating and artificially boosting the GDP of both USA and China.
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You can't buy low and sell high,while doing day trading during a bull run. Now it's the time for "waiting for the right time to sell" trading strategy. I wonder what will happen with all the people and companies,who are buying BTC right now.The risk of a potential price crash increases every day and this price bubble will eventually burst,causing panic selling among all the traders,who bought at a high price. I really hope that the market will calm down after the holidays.My predictions of a not-so-active crypto market during the last two weeks of 2020 didn't came true. |
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This chart is just comparing the Bitcoin price and market cap with the stock prices of a bunch of banks and payment services.Is Bitcoin a stock?Are we shareholders? You have to realize that all those banks and companies have accumulated debt.They have assets and liabilities,while Bitcoin is an asset by itself and there are no debts and liabilities,that are linked or somewhat influencing the price of BTC. It would be way more accurate(and yet still wrong ) to compare Bitcoin to Gold,Silver,Oil and other financial assets,rather than comparing it to stocks. |
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