i guess the only others option is too invest in those risky HYIP/ponzi, and hope to exit at the best time without losing anything, i don't see many oithers alternative, and there aren't without risk Its not even an investment to begin with, it is basically surrendering your money to those thief if you are putting in your money into HYIP while there are still tons of other investments available and thats basically stealing from someone else Bad idea, you dont try to double up what you invest in this case but more likely consider each investment to have an exit plan instead. The simple rules will be get investment -> get a profit -> exit -> repeat the process Otherwise you will be swimming in delusion of constantly wanting to get a big chunk of money without even getting an actuall profit for your investment because every investment got its own risk, you might not always get a profit but maybe a loss instead i agree with this, the only problem is when is the correct time to exit, you will learn it by losing, at least at the beginning There is no "correct" time to exit this. Basically anytime you got a slight profit about 1 % then that would already be the best time for you to exit thus in theory people are always willing to stay up longer in hope to get much more which actually ends up burning themselves instead. Thus Of course with a solid investment such as gold and/or real estate / BTC people tend to stay much longer though since it is meant to stay as a long term investment You cannot live off long term investments only. The best way to is to combine both. Try to profit from whatever, including pumps from shitcoins, in order to beat the time/money axis and improve your long term investment (the more BTC you have the better for the long term view). Only when you have a decent amount in your "long term investment bucket" you can leave it resting without touching it. I would say about 10.000 USD is a solid figure to work with long term. Warren Buffet turned his 10.000 USD initial investment into 100.000K in a decade for the Washington Post shares. Similarly, one could have 10K in current BTC price and wait for your goal price. I think with a current 10K investment in BTC, 100K is doable in 10 years if all things go as planned. |
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Our current money was never designed with the internet in mind. We are dealing with deprecated forms of money in the modern internet era, this is why Bitcoin is the objective superior way to move and store value. Those that get it now, will reap the benefits later, this is pure physics.
Bitcoin may be superior to our current money, but will that be sufficient to succeed? Money evolves - we have had the gold standard, Bretton Woods system, floating exchange rate, etc. Bitcoin may be the flavour of today, but we can't be sure it will stay that way. There's only one way to find out... wait and see. I don't personally think a new coin will come and dethrone Bitcoin, it's network effect is way too powerful. What could potentially happen is the abolition of cash and all transactions done digitally, either in the old way or with a government issued digital currency to compete against Bitcoin, to keep their fiat scam going. |
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Not sure what crappy advice you're getting here bro but please visit the following website - https://www.bitaddress.orgDisconnect from the internet when the page is loaded up, wiggle your mouse around randomly, type a few random characters into the text box, you should then generate a bitcoin paper wallet, you will have a public & private key. Can you see BIP38 Encryption? Type a passphrase in, remember this, you will need it to get your coins back onto an online/hardware wallet if/when you decide to in the future. Print a couple of copies, you now have a bitcoin paper wallet & can send your coins to the public address safely. I find this suggestion useful to create paper wallet My computer is 100 % protected and clean bcoz of my antivirus. I don't think any way is 100% safe but the above is what I have always done & I've had no problems. People come on here & tell scare stories but if you just browse the internet for regular stuff you're not going to pick up Mi5 / James Bond style / secret agent style hackers who are clever enough to break BIP38 encryption. I like being safe & secure but there are limits when paranoia can be excessive & a bit weird. You can type your public addresses into any block explorer & always check your paper wallet balances at any time. I still don't understand how it's possible to create a wallet while disconnected from the internet. I've seen those tutorials on bitaddress.org where they get the html code and run it offline to create the address. How does the blockchain know those address are valid and exist if they were created online? I cant get my head around that. |
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apparently a 28 year old man was mugged last month in New York City. he wanted to sell his bitcoin in person, when the buyer (which he met on Craigslist) turned out to be a robber and took his coins at gunpoint! story at coindesk: http://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/selling bitcoin in person is not safe anymore, next time we should sell out coins in a public place with witnesses present! His first mistake was craiglist. If you use LocalBitcoins and use a person with a long history of successful transactions, in a public crowded place with cameras, I don't think there is any risk involved. |
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Whales want to use the FUD confusion about the blocksize to get some more retards shaking their hands as expected. Might be a good opportunity to buy some more.
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What we don't know, and can't know, is the inside story.
We don't know how well prepared are the Greeks for an exit. We don't know if they are negotiating with the Russians and Chinese.
It's too early to judge what took place at this point. Maybe the Greek people got screwed over again, and maybe not.
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It is easy to fake a verification data in every lending website, if you search on google you can see alot of ID that are free to grab, combine it with a good editting skill then you will get yourself a fake ID.
I don't know btcjam, as i'm not registered there, (is one of the thing i have to do in the next days....) but on btcpop and bitlendigclub, when they verify the borrowres identity, thei ask for a photo with the document id near your face.... I think that this is much more difficult to fake.... But also on this two sites, defaulted borrowers are present..... they should start to add video verification, and not only photo, something like this can't be faked ever anyway my problem is that i can't find someone that ask for a small loan, they all ask for 0.5+ I agree, a video would be ideal. Don't you have 0.5+? You've been here for a while. If they give it back + interest, whats the problem? I would do it, if I could trust the system, but I don't. I know that in the deep web they sell stolen IDs and whatnot, so I cant fully risk it. So yeah in this case, I could probably risk 0.1, but not 0.5+. |
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Just remember a bitcoin is a place holder for the speculative value that we the public assign to it. It has no intrinsic value, and as such reacts like a stock in the speculative market, meaning it is extremely volatile.
Nothing has intrinsic value. Gold has value because of network effect, just like Bitcoin. In any case, Bitcoin has more intrinsic value than Gold, because it's a lot more useful than a piece of metal. |
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The next big thing would be a thing that allows for all of the world's electronic transactions per second combined in a decentralized manner. It seems that Bitcoin will not be able to do it, so can't the rest of shitcoins, so for now Bitcoin is still king.
I am a proposal of doing less important shitty small transactions off blockchain, because who cares about 0.000001 type of transactions. All of them should go off blockchain to favour 1+USD ones. We should push in this direction to be able to fight against VISA, Mastercard, and all the banks combined. Bitcoin must be #1 in the world.
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Once you modify the blocksize limit the blockchain has different characteristics, therefore the old transactions are safe and kept, but the future transactions need a new blockchain to keep everything in order.
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Actually, most rich guys aren't specially intelligent, just are at the right spot doing the right thing. And just like that, chances are you'll be doing the wrong thing and lose money.
No shit. I've met so many rich guys. I totally assumed they'd be smart. Then I talk to them for 15 minutes - and I am blown away. They must have been walking around one day with a big bag wide open and then some money fell in there. There is no way they did it because they are brilliant. About 15% fit this description. I think more than 15%. Actually all of the wealthy people i've ever spoken to, always were already wealthy, they just inherited and keep racking up money on interest rates and other passive incomes. |
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Everyone repeats over and over again Gavin would be the successor of Satoshi but is there actually any evidence for that?
It's a ridiculous concept. There is nobody in charge of Bitcoin. There is no King of Bitcoin. There is no successor. It is sad that so many people need someone to tell them what to do and what to think. If anything kills Bitcoin, it will be that. Yeah it's pretty sad that people need a leader. People is free to run Core or run XT based on their prefered views on the software, not on who is proposing the changes on the software. |
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God damn this forums must be all newbies or what? I had to log in to make this thread to stop all the nonsense from you newbies for the past few days. Let me break it down to you what is happening, and why a fork might not be a fork!
+ You currently dont have to choose Core or XT, both are just wallet clients using the same database (blockchain)
+ You can run both wallet clients if you dont know to support blocksize increase or not
+ Gavin and Dev core using 2 clients to sort out the consensus of the network, who will support blocksize increase and who wont.
+ As the XT becomes 90% of bitcoin nodes, Gavin will implement the blocksize increase. This is like soft fork, you will know by then because i'm sure all major bitcoin services will announce they will support the blocksize increase or not.
+ The Core will be obsoleted and the bitcoin network has reached the consensus.
Here is the BS being spread around here:
- You can sell your coins of weaker chain : NO you WONT, i can tell you no exchange will support a weaker chain and risking their business
- Price will be halved because you now have doubled your coins: No it wont, because you cant sell coins on the weaker change on any exchanges. Unless you can find some retard on the forums to sell to, and if you can, you should fork your own bitcoins now and be rich.
Gavin's proposal is to increase pressure on decision making of the Core team. As at the current pace, we will not have enough time left and bitcoin network will face bottleneck. The damages might be too great then and risk all investors involved.
I think this is a brilliant idea. Everyone (bitcoiners) will learn about this and start voting. Look at how many confused members on here, i think it works already.
Bitcoin Core and Bitcoin XT would not use the same database once the fork happened. Only the same base database. But once the fork happened all blocks will be different. How do you know the Core will be obsoleted? Are there really so many in advantage of raising now? Gavin is so loud as if we need to do it next week, otherwise bitcoin will crash. Though we have way than enough time to act. The prediction says past 2016. It seems you very clear believe that one chain will die. For sure, at some point. But this is not some alternative Cryptocurrency then. What if there are around 50% fans on both sides? Each side will believe that their coins will survive and that their coins will be worth the 222$ actually. They WILL sell the other coins to those fans of the other chain. And what does that mean? Right, halving of the price. Of course, if youre right and there are only a couple fans on one chain, then this wont happen. If the hard fork happens only past 90% of nodes in one side as it should, then what you say it's not a problem. The real fork only happens past 90%, yes or no? thats what I read once here. |
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I dont think we need any other coin than Bitcoin, with or without fork Bitcoin will keep adapting and solving any problems. I am tho a pro-monero guy, I think its a great coin and like the anonymity. Not sure if could reach mainstream status tho, a super anonymous coin with no chance of being non-anonymous has tons of cons to reach mainstream status.
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It's not decentralised or even democratic. And it will even less be so if people switch to Gavins' fork.
Gavin now can directly influence marketprice and wants to be the only one to decide on the code like a king which will become a reality if people switch to XT.
Bitcoin will be truely Gavincoin if people go to the XT fork.
Gavin also does not care about node count so the network itself will become a lot less decentralised on his Gavinfork.
I don't think the XT/Gavin fork will have a lot of value in the end of the day.
You literally disproved your argument yourself: will become a reality if people switch to XT. Thats it. If PEOPLE choose to run nodes on XT, then XT will be the strongest chain. If people stick with Core, core will continue being the main chain. That's all. The devs can do whatever. At the end of the day, Bitcoin is nothing without the people running nodes. The people will decide what solution they prefer. |
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Bitcoin was once solid as hell at 5 dollars for more than 4 months before the price exploded again. Right now it's not volatile as hell, it has felt pretty solid on the 200 range. For Bitcoin 20 dollars up and 20 dollars down is absolutely nothing. It's a great time to stock up on all that cheap ass BTC.
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Thanks god.. Falllling is a great man.
You are saying to yourself that you are a great man. Isn't that technically masturbation? you should stop creating so many new accounts, you will lose tracks of all your accounts lol. |
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^^^^^
OP tells you shit will happen, it happens ...where's the problem?
It has also said that you would keep creating more shitty FUD spitting accounts, and it happened. Where's the problem? the problem is basically you are flooding the FUD. And the problem will also be when people commit suicide in a couple of years if they ever dump all of their BTC now once BTC goes 4 figures+. |
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In theory, my money is not on risk if there is a fork. In fact I'll have double the money...
If I have 10 BTC in "Bitcoin Core chain", I'll have automatically 10 BTC in the new "Bitcoin XT chain".
The best you can do to not take risk, is not move any of the chains.
Of course, lots of problems will arise. Will signature campaigns pay in Core or XT? will the main merchants move their business to the new chain? it's madness..
Hehe, this makes me lol. OP refers to the halving in mining reward, 12,5 btc per block instead of 25 btc. http://bitcoinclock.com/He actually copypasted my comment from here lol https://bitcointalk.org/index.php?topic=1076332.msg11499287#msg11499287What you need to know is, in theory, your money is not on risk if there is a fork. In fact you'll have double the money... it's funny but correct me if im wrong, thats what it is.
If you have 10 BTC in "Bitcoin Core chain", you'll have automatically 10 BTC in the new "Bitcoin XT chain".
The best you can do to not take risk, is not move any of the chains.
Of course, lots of problems will arise. Will signature campaigns pay in Core or XT? will the main merchants move their business to the new chain? it's madness tbh.
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After Gavin Andresen’s proposal to increase Bitcoin block size to 20 MB, chief scientist posted a new blogpost.
In it, Andresen spared himself from discussing the technical aspects of his proposal but moderately focused on the inconsistencies within the Core Bitcoin project. He feared that the lack of consensus over the Bitcoin’s proposed block size is leading its development to a fancy stage, known as “Analysis Paralysis”.
Prior to introducing us to this term, Andresen openly recognized the criticism made by a section of Bitcoin community — regarding the lack of proper research and testing into the economic implications and security of the proposal. He however also recognized that the fear of tackling these challenges are also slowing down the Bitcoin development en masse.
“I’m convinced the uncertainty over when or if this will be resolved is harming Bitcoin,” Andresen added. “If somebody can point me at a successful software technology that went through years and years of debate and research and was not deployed until it was perfect I’d change my mind – the example that immediately comes to my mind is Project Xanadu versus the Internet.”
He is clearly trying to win back the community’s trust. Well, The community, has responded positively to his new and calmer approach — and have asked him to go ahead with the fork.
“I say just release the updated version with an increased block size, and see how many people update it,” one of the users commented. “It’s a voluntary choice to update. That’s the vote.”
It's not a simple as "voluntary choice to use the XT client is the vote". If you are using for example Bitpay for work related stuff, and Bitpay moves to XT, you'll be forced to use XT to keep using their services. And it will be a mess, imagine half of big companies like Bigpay move to XT, and a lot of other companies stay with Core. Every company out there supporting BTC will be forced to take the huge 50% gamble of staying Core or going XT, and one of the 2 chains will for sure suffer from some sort of crash. You are forcing legit big companies to take a gamble with this. |
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