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you can also just delete your wallet file and private keys to "destroy" your coins. via this way you don't have to send your coins to a certain address. and btw, satoshi isn't really in need of coins.
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usb sticks do their work very well. they are quite cheap as well. that's real offline cold storage. hardware wallets are not always as good as they might look.
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bitcoin and drama are well connected it seems. after mtgox bot willy another bot might pop up and cause huge manipulation. some chinese exchanges already manipulate their volume.
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why are you guys so in a rush. no need to think about $1200 when we not even manage to stay above $300 that just doesn't make sense. once we're heading towards $700 then we can talk about $1000
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i'll say australia will regulate it first, so for this reason it will be more popular there before africa, africa in some zone still lack hi-tech activity to introduce itself at bitcoin, poverty actually doesn't help , because you can't buy bitcoin and help the market to grow
africe indeed is lacking tech, but even poor people have phones/smartphones there. it would make more sense for africa to be first as the need for something like bitcoin is much higher there. even very simple cheap smartphones can run a bitcoin wallet. |
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at this point bitcoin price indeed doesn't represent what it really should be. for example look at 2013 where it jumped to $1100 if you compare bitcoin with how it is now, then the value should be higher as we are so much further then we were in 2013
i know the $1000 at that time wasn't legit, but it was to give an example.
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it depends on how the average non tech people think about it. if they really think they can benefit from converting their fiat to bitcoin then they surely will. but at this point it's not that easy as the media most of the times is very negative about bitcoin.
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I wouldn't. From that moment on, from them being hacked to the price plunging, every single occurrence will forever be your fault.
Let them find it for themselves. If they mention it in that light then offer some advice and leave it be.
you can at least explain them why the price is so volatile. if they really understand how things work then it won't be a big issue as everything at the beginning is shaky. |
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while people think it will go lower than $200 they just don't think at why exactly we are at current price. if you take that in consideration then you will understand that buying now is the best option.
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people can stare at charts all day if they want, but it doesn't say anything. after a small recovery people were "seeing" that the chart shows positive signals. and look now. again back at the beginning.
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Well, in theory bitcoins have some advantages over standard gold. I will try to name some of them.
Unlike gold, bitcoins are:
1. Easy to transfer (worldwide transfers in seconds!)
2. Easy to secure (you don't have to build a safe to store bitcoin!)
3. Easy to verify (you don't need to be a goldsmith!)
4. Easy to granulate (how are you going to divide your gold ring?)
So in theory bitcoin is a better choice. The pros of Bitcoin definitely outweigh the cons.
If you start to weigh advantages over disadvantages, Gold will come on top. 1. Gold can be bought and sold in any country. And gold is more or less bought for investment and the people who buy it don't really have the need to transfer it worldwide. But when the need to do so arise it can be liquidated faster than Bitcoin. 2. Gold can be bought/sold on bullion exchange, so you don't have to build a safe to store it. 3. If you purchase gold from registered sellers/banks, it comes with certificates of it's authenticity, so you don't really need to be a goldsmith to verify it. 4. You're confusing gold bought for jewellery (as ring, lockets etc) with what we are discussing here, gold as an investment. And if you buy gold for the latter, it can be cut into pieces and sold as per the needs. 5. Gold can be confiscated easily by border patrol gangsters 6. Gold can be easily robbed from vaults by the government 7. A car full of gold is pretty suspicious, cops will seize that immediately, even if you have a few bars in your pocket. 8. Government can steal all the gold in your house. They can do none of that with bitcoin. So which one you choose?  also gold is too bulky to carry around, not really easy to carry from one place to another, not manageable, too slow, while bitcoin is much faster and comfortable to use this alone makes bitcoin x100 better But one doesn't have to buy physical gold in order to invest in Gold. You can buy virtual gold. I mean gold mutual fund or gold etf. They are easily trad able in share market. trading virtual gold is like buying air. you invest money in something you don't own. which you can't compare to bitcoin. if i buy 1 btc i have it in my wallet. if you buy virtual gold....tell me what do i own? |
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BTW. When I say TV show. I also mean YouTube show. I watch YouTube in 1080p on my TV so often that I call YouTube shows, TV shows.
So what's the best YouTube/TV show.
i have seen nearly every documentary on youtube regarding bitcoin. some of them are well made and others just don't know what they are talking about. is there a serious documentary released this year? |
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chances are very small to even not possible as the halving is getting closer which at some point this year will make people hoard bitcoin to not miss the train.
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common sense people. use it. people take things high ranked members say for granted way too easy. see now, did something big happen? you guys have been trolled.
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when everything works out well for bitcoin we could possibly see bitcoin being worth around $5000 at some point within 10 years. i think that's reasonable.
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damn where have the days of double digits gone lol  but the days of 4 digits may hit us soon with the current floor being reached how do you know the floor is reached? just because it is going up a few bucks? we're struggling to stay above $300 and you think soon we'll see +$1000 sounds more like a fantasy to me. |
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is there an app where the qr option works properly? currently use the blockchain app for android but for some reason it constantly crashes when trying to scan qr codes.
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technology develops in a very quick fashion. what today can be seen as secure and not possible to crack might be something we laugh at in 2020 or so. it's just a matter of years.
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my target for this month is $250 if we then manage to stay above $250 we might see the price recover further. buy while it is still cheap. don't be too late.
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I always love looking back at the 2010-2011 era when I wasn't there, and check how people panicked and screamed DOOM when Bitcoin lost a couple dollars. Will love to look back at this thread in a couple of years.
This is exactly what is happening now. And will we repeating itself as long as bitcoin will be here. People will be always doubtful. You can see that they were skeptical back in 2011-2012, optimistic in 2013 and now we are going back to being grumpy again. I it is nice that Op had initiative to write this kind of post to recall us that we are just in the middle of our road and future is ahead of us. some people will smash their head on the wall for not buying at todays price if they look up their post 1 year later. instead of thinking people should do something. that way they don't miss out. |
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