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Agreed, cannot emphasis this enough. Most newbies move over to AltCoin, because Bitcoin is a 1000$, while this new altcoin is 1.50$. What they don't realize is the total supply and the network effect.
It is important that we switch to mBTC. Bitcoinity has already started doing this.
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Use LocalBitcoins , just make sure the seller has good feedback etc...
Works great for the Phillipines.
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BitPay one of the payment processor has 10,000 merchants that accept Bitcoin payments.
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Just a quick note: My wife wanted to send some relief to Philippines disaster victims. It happened that the mediating organization is based in the U.S. and therefore accept USD in a U.S. bank. For some weird reason, international wires that used to be a standard in online bank (at a $37-$74 fee of course but still) have recently been disabled so that you need to go to the branch office to physically fill in the papers. Last time I had to do this was when I bought some bitcoins from Goat, it took about 3 hours total. Luckily we don't live in the rural areas - even 100km distance from here (heart of the capital of Finland) it may be that your nearest bank is 30km away.
After the money is sent, it will take an equally time-consuming journey to Philippines, and lose its value in fees, conversions and even inflation. Meanwhile the long delays make sure that the disaster victims have to suffer before the aid reaches them.
I hereby declare that I will not donate anything in other currency than Bitcoin anymore. I will not trust my money to anyone who does not understand Bitcoin, except when his life is in immediate danger.
This is in addition to the refusal to use anything except Bitcoin in internet purchases.
The best way is to go the P2P route, if that is not possible then here are a few addresses of organizations/people who accept Bitcoin donations for the Phillipines disaster victims. Forum member Dabs https://bitcointalk.org/index.php?topic=300631.0BitMe https://bitme.com/donateCoinKite http://blog.coinkite.com/post/67370637668/6725-from-the-bitcoin-community-to-the-canadian-red-crosThe people of Phillipines are hard working, but have had a series of natural disasters in the last two months. First the earthquake in Bohol, followed by super storm Haiyan. |
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Not buying Bitcoins atm
Changing some for Litecoins
I wont buy till we get to a stable price (a month with a +/- 10% fulctuation price)
I like your idea, however it appears that we won't get a stable price for quite some time. It will go up even further, then crash and oscillate for a month or two before stabilizing. |
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What would you suggest for people like me who have already been buying in?
I still have about 75% of my maximum holdings, but the question is, what do I do now? I have more liquid capital now that I could invest, but should I? The problem is that I could double my exposure, but only increase my bitcoin holdings by 3%. That doesn't seem wise.
Am I missing something?
I don't think you should buy in at this time. You are doubling your exposure, while increasing your holdings by only 3%. Your best option is to hold, however if Bitcoin's exceed 50% of your portfolio, then you should consider raking. |
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Using rpietilas trend line the price reaches $1000 in May 2014, $10,000 in April 2015 and $300,000 in August 2016.
Beeing totally crappy at math I wonder if someone could please tell me when it reaches respectively 100,000 USD 1000,000 USD 1000,000,000 (billion) and 1000,000,000,000 (trillion) USD using that trend line.
Yes, I realize it will never go that high, but I'm just interested in the hypothetical dates.
I also wonder if anyone could please tell me when a BTC firs hit (on Bitstamp) respectively 1, 2, 5, 10, 50, 100 and 500 USD.
While it would be very easy to extrapolate after Aug 2016 and provide you the answer. I would caution against doing so. My assumptions at this point is that exponential growth will hold, anywhere from 2 to 3 years, after that we will switch over to a more linear growth model. Note: See previous posts on this thread by Slipperyslope on the S-curve model. |
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interesting one, following the discussion...
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Yes, me too. Lost my productivity since the rise in prices.
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Interesting idea and conceptualization from economic perspective. You also probably need to go into some details on implementation plans/time frame and also the technical architecture.
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Yes, agreed. I am betting on it as well, albeit at a much smaller scale. |
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This is clearly an industry which could benefit from Bitcoin adoption. Other than a patch work of small sites, there has not been widespread use yet.
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Wow, Ripple is cheap! Are people dumping it?
1XRP (1 ripple) is currently worth $0.0088. It's been stuck between $0.0075-$0.0095ish for the last couple of days. I'm after getting some more BTC/LTC in the meantime with the current volatility of those markets. You can check the current prices http://rippleprice.com/ and http://xrptools.com/It will eventually rise, but can't picture it rising too much over the next few years to be honest. In the end there will be 100 billion XRP out in the wild, it will depend on what the market cap is, but even if it was, at some point to have the same market cap as BTC currently ($7.5B) one XRP would be worth $0.07. If it does, though the 10000XRP I swap will be worth $700. So it's not that much, really. Thanks for the honest evaulation. This forumn is filled with people pumping up their own coin. |
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Signed up for the website(DigitalOcean). Thanks for the instructions, very helpful.
PsUxBrD7JycPRSH75pVrv39LXhnCZAEUga
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I am posting here the possible risks to Bitcoin and strategies for dealing with them.
Risks:
a) A Technical flaw in either the network protocol or private key/public key algo is exposed.
Risk Mitigation: Alt Coins with significantly different POS/ Pow functions
b) New innovative AltCoin is introduced in the future. That takes away market share from BTC. While we don't have such a coin right now, there is likely be one in the future.
Risk Mitigation: Keep yourself well informed and invest small portion of funds into promising technologies.
c) Regulatory risk - This would affect all digital currencies.
Hedge: Portfolio diversification or gold/silver
d) Public panic/sell off - This will affect all AltCoins as most of them are traded for BTC.
Only alternative portfolio diversification.
I never know there is so much risk to Bitcoin. With great risk comes great reward. |
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I am posting here the possible risks to Bitcoin and strategies for dealing with them.
Risks:
a) A Technical flaw in either the network protocol or private key/public key algo is exposed.
Risk Mitigation: Alt Coins with significantly different POS/ Pow functions
b) New innovative AltCoin is introduced in the future. That takes away market share from BTC. While we don't have such a coin right now, there is likely be one in the future.
Risk Mitigation: Keep yourself well informed and invest small portion of funds into promising technologies.
c) Regulatory risk - This would affect all digital currencies.
Hedge: Portfolio diversification or gold/silver
d) Public panic/sell off - This will affect all AltCoins as most of them are traded for BTC.
Only alternative portfolio diversification.
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Please, Remove my buy order for 8 MSC @ 0.25.
Just completed successful transaction with TKeenan
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I would like to buy 8 MSC for 2 BTC (that is 0.25 each).
Would like to use escrow, please add to order book.
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