I wonder if Vladimir understands bitcoin.
I wonder if when Vladimir will understand s bitcoin. before or after his fiat stash is taken? |
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The problem ist to prove that you have the coins more than a year. Thats what people in germany discuss in other boards.
It's not a problem. There are different ways to do this (without using the blockchain) that work well enough in many cases. |
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We must be bored if we're fretting over 5% price movements  I'm bored beyond belief. I already watched a movie today (!!). Ususally this means it will get exciting again at some point in the future. |
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Just read over on reddit that Germany classifies BTC as "private money". This is some good news.
bullshit. read the thread on reddit. It's old news. Very old. Also: what that article suggests ("germany passed some kind of bitcoin law", "private bitcoin trading is tax-free") is wrong. Trust someone who payed taxes for bitcoin sales in 2011 and 2012 on this. I didn't do this for fun, but because of men with guns and tiny rooms with bars on the windows. |
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I'm really interested in crypto money  you came to the right place. welcome! |
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Bei seitwaerts Trends ist hier nie was los. Hier ist immer nur was los wenn es abwaerts geht = die Spinner kommen und prophezeihen den Untergang oder wenn es aufwaerts geht = die Traeumer kommen, und ueberlegen wann wir bei 100.000$ ankommen.
Ich denke so Mitte 2017 könnte in etwa passen, vielleicht auch erst Ende 2017. Jedenfalls freue ich mich schon auf die reward-halving-party '2016. |
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indeed, Lol @ double negation fail
When I was much younger I worked in a deli. I also wore an ear ring back then. One day a redneck came in, waited in line, then when he saw me exclaimed, "I ain't gettin' no sandwich from no boy in no deli with no ear ring on." I was like a deer caught in headlights; not because of embarrassment, but because I was trying to parse his sentence. I just could not process this quintuple negative (and all the various grammatical implications) to figure out if he did or did not want a sandwich. I was eventually able to discern his intent via non-verbal cues such as: red face, angry gesticulations, and the fact he stormed out without ordering. Cracked me up, thanks for a good story. |
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My buddy recommends electrum wallets to newbies, but I haven't seen it mentioned here to protect from at least losing your coins accidentally. Is there something wrong with it that I don't know about?
I am not familiar with it. The main problem with software wallets that run as applications is that the security of their environment is very hard to guarantee. Ideally a hardware wallet would be a single purpose device that has very restricted input and output. There would also need to be some special restrictions on the signing authorization. Trezor |
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Talking about Mt. Gox's final impact on BTC, I have to warn that from now on Bitcoin exchanges will find it extremely difficult to deal with the banks. Mt Gox had accounts with some of the Japanese banks, and therefore these banks have to answer to the criminal investigations now. This is going to affect Bitcoin exchanges really bad, as the banks are well connected world wide.
time to install mycelium bitcoin trader wallet? |
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was soll das heißen?
Denkst du, du brauchst keine Bafin Erlaubnis wenn du im eigenen Auftrag bitcoins handelst?
davon gehe ich aus |
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Android wallet available on playstore!
congratulations and a big thank you! you have done very important work. |
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no post for 1 hour ?!?
my god, what's happening?
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This is no excuse for switching to pools that are already the largest and a threat to Bitcoin decentralization! There is absolutely no need to support these guys when p2pool will already do exactly what we need. This is absolute fucking bullshit and I'm getting pissed off that no one is listening to this or backing me up. If you don't want to support p2pool then fine, be jerk offs, but at least point at a smaller pool!!
I support this! |
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Hodlers are lemmings who purposely misspell a word so they can feel at home with other lemmings.  Hodlers are toddlers on heroin? Makes sense. |
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zu teuer, oder was? kauft! best marketing ever |
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It's nothing less than naive idealism to assume that Bitcoin will be allowed to go around unchecked by governments. They will not allow it.
Here's another tangent on holder psychology: What is this slave mentality? The governments are not our parents giving us "allowances", they exist to serve the people and they're doing a damn bad job these days. It's time to separate money and state!like i said, it's a religion. look to the left... I'm a very religious guy. |
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It's nothing less than naive idealism to assume that Bitcoin will be allowed to go around unchecked by governments. They will not allow it.
Here's another tangent on holder psychology: What is this slave mentality? The governments are not our parents giving us "allowances", they exist to serve the people and they're doing a damn bad job these days. It's time to separate money and state! |
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Take a look at the holders and more often than not their activity level on his forum is in the 500+ range. This is an indicator that they have been with Bitcoin since early 2012 or 2011 and in some cases 2010 or even 2009. This means they initially got into Bitcoin in the single digits or below in some cases cents or even fraction of a cent.
I suspect in addition most of the following is true:
They have managed to keep a significant portion of their initial bitcoin, other wise they would not still be around.
They have sold the rest at a sizeable profit in fiat terms but at prices far below the current market, low double digits, single digits, even below etc, and deeply regret having done so.
They have more than taken out their initial fiat investment.
They have sizeable unrealised capital gains in bitcoin that would trigger a very ugly tax bill should they sell. The depends on the jurisdiction, but would require a drop in the market in many cases over 30% just to break even.
They have been through multiple bit bull and bit bear markets.
Bitcoin may account for a very significant portion if not the majority of their net worth.
They have done their research and believe there is a very high likelihood that bitcoin will appreciate by a few orders of magnitude higher in the coming years.
They have been exposed to one or more of the following MTGox, Bitcoinica, pirateat40, another failed exchange, wallet service etc. They may have escaped unscathed or suffered a loss. This will lead to an increase fear of trusting their BTC to any exchange.
They can sleep better, and have lower blood pressure, being long in a bear market than short in a bull market.
All of this leads to a very high perceived risk of selling vs the possible gain of buying back at a much lower price. So the safe strategy is HOLD.
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First of all: I'm no hodler. I cashed out when things got a bit too scary for my taste. Second of all: I feel bad for everyone that has lost money or is on the verge of losing money. You have my sympathy.
Bitcoin is in a prominent bear market at the moment and the current exchange rate might just be a pitstop on the road downwards. What amazes me however is that so many people, people that can actually read a chart, really feel entitled to another quadruple digit rally. Wait, check that. They are sure it is going to happen. Even amidst the chaos of the last days I can still see people claiming that it will reach 10.000 dollars; some even say it will reach that number in three months already.
What I find so curious is that many HODLers here seem to have a very religious devotion to Bitcoin, despite the serious situation Bitcoin is in. Some seem to be even more devoted to their own religion of Bitcoinism than the pope is committed to the Roman Catholic Church. I believe this to be a very dangerous attitude, given the risks involved. It wouldn't surprise me if quite a few posters on these boards are all in with all their life savings - or have even indebted themselves - and are sure shitting themselves at this moment. It might be a religious, god revering response to look up and say to yourself: 'Everything will be all right, I just know it'. They discard any possibility that some guy will come around with a new, superior protocol in as short as the next few years and just blatantly ignore the fact that Bitcoin is not alive at all among the vast majority of the population. Next to that: they probably have a good feeling that governments will not allow capital to flow unrestricted and out of their scope, but still they ignore it.
b
Question is why? What is it? Desperation? Total mania? Tell me. I just can't explain it anymore.
Hi, long time hodler here (I did sell and spend BTC over the last 3 years, but had I never sold or spent any, I'd have only 50% more than I have now... I consider that pretty stubborn tight hodling. I held on all the way from $32 to $1.96 or whatever it was in late 2011, even buying more on the way down. Of course, had I sold and bought back in at the right times I would now have 10,000% or more than what I have now) I'll try to explain my psychology... can't speak for every hodler out there: First, let's begin by explaining that I think crypot is better money that fiat. I had gotten into Bitcoin because it was technically fascinating to me. Then I learned a bit about money in general and become a sound money advocate. I think this might be a key difference between you (let's make that some hypothetical you) and me: you "think in fiat", I "think in BTC". I try to increase my crypto-stash, you try to make a fiat-profit. You go to sleep with fiat, I go to sleep with BTC. You can't understand how people can hold on to BTC during a month-long bear-market, I can't understand how people can "wait for the next dip" in BTC bull markets. Furthermore: greed had gotten the better of me at times (during 2012 and 2013 mainly) and I saw people increase their BTC-stash by large percentages by selling high and buying low, so I tried that in order to acquire more BTC. I failed miserably because the market got away from me repeatedly. The attempt failed more often than not (it was mostly a bull market after all, so what do you expect given a non-experienced trader like me). Those experiences stuck with me and I have decided that holding is the best strategy for me (and selling a little bit for fiat/metal at times in order to not have to hear "see, I told you so, you should've sold" from friends and also of course because of fear). Also: I think I'm quite a bit more relaxed than you picture the average hodler to be: Bitcoin could go to 0 and I'd still have a good life after that. I'd be quite sad and angry for a while for sure (depending on the circumstances, of course), but I'd be able to get on with my life, both financially and psychologically. About that "religious devotion": I really do think crypto will change (is already changing) the world for the better. You might call that naive or romantic or whatnot, but I do believe that. And believe me: I ponder the dangers crypto and bitcoin (might) face every day and reassess my views on a regular basis, trying to keep an open mind. There have indeed been times when I thought some bitcoin 2.0 alt could steal the show and I'm not ruling it out 100% (would it be so bad? After all it would be way better than bitcoin!). My belief that BTC will remain the main carrier of value in the crypto space and the most secure blockchain for quite a while has lately been reinforced, though. Even to the point where I sold 1/3rd of my alts (mainly LTC, PPC) last week, something I had only once done before. So I don't "discard any possibilities" and "say stuff to myself". I try to assess reality and make projections... with varying success, of course. ;tldr: It's not desperation or mania, it's just a different (possibly wrong) assessment of reality and projection of the future. |
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for additional "perspective", one could overlay btc price. |
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