- BTC to hit $13K USD but may end the year at $5-7K USD
- Some shocking news that crashes the price mid year
- Concerted government efforts to prohibit bitcoin
- Bitcoin boom in South America
- Bitcoin increasing in Africa
- Eventual capitulation in some developed countries leading to the end of year boom
Elsewhere: - Coordinated attempts at prohibition in USA, China and parts of EU
- Bitcoin boom in South America, and increased uptake in Africa
- US,EU,GBP bond markets start to unravel with capital controls and subsequent social unrest
- Many cash out into fiat when things are looking scary
- True believers who HODL become wealthier
- Satoshi doesn't return this year
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GF At Lesbian Bar She Is
Bitcoin Falling Much It Does Keep Hodling I Do |
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I type d that tyitle twice because I knew it was wrong the first time. Still wrong. w/e. GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro. Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what? I'm not part of that group. When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~! Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT. NO SHIT I SHOULD HAVE SOLD. I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU. You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.
so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)
Just making sure this is quoted in case OP makes changes  |
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Hodling BTC is so great even the great bear Proudhon can do it!
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GF AT LESBIAN BAR
BTC CRASHING STILL HODLING! |
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'But false prophets also arose among the people, just as there will be false teachers among you, who will secretly bring in destructive heresies, even denying the Master who bought them, bringing upon themselves swift destruction. ' Ripple, banksters and the Bears will be punished for denying Bitcoin. Keep faith brothers. BTCBTC |
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 NEVER LET GO OF BTCKEEP HODLING! |
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I can't stop Gazzaaing at the screen - my Bitfinex cheeky position will be margin called soon...   Must Hodle longer... |
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 HODLIN |
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All this Chinese FUD reminds me of olden days and crashes of yore. 'Buy high, sell low' 'Bitcoin is crashing' Those whippersnappers new to bitcoin just don't realise that the train is only pausing and will soon leave the station again. 'All aboard' Choo choo choo! The follies of bitcoin youth heh! |
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You can use a BIP32 wallet. It allows you to create several branches derived from a master key.
Frankly I just don't get these DIYers who try to concoct their own schemes for storing coins. Why bother? Do you really enjoy mucking about at such a low level? Best to outsource this job to a bitcoin client like electrum or armory.
The whole ethos of open source and bitcoin is DIY. There is no Nanny to look after your coins with bitcoin, so developing a further understanding of such 'low level' things is important for all bitcoiners at this stage. Or should we call keep our keys on a webwallet instead? I don't want a hierarchical deterministic wallet as if the master key is lost I still lose the wallet. What I am aiming for is a 'Canary' address such that if someone finds / cracks the secret key it will be obvious as the address will be emptied. This will then warn me to apply whatever processes I need to the secret key to reconstruct a 2nd secret key for a futher address that holds the bulk of the coins. The base information and entropy for the 2nd address is based off the 1st secret key, which will need to be secured, so won't be susceptible to brute force attacks in the same way a brain wallet would. However the process of conversion of the 1st key to the 2nd key will be a brain based solution. Can you see how that might be useful long term for securing keys? Oh and yes, I do enjoy this kind of mucking about! BTC  The last guy who tried to muck about when he had no clue: https://bitcointalk.org/index.php?topic=360183.msg3883662#newPerhaps English is not your first language but you have a condescending tone that is quite irritating. I'm not quite sure why you are in the Technical Support forum if your main response to questions is 'don't mess with things you know nothing about'. Knowledge is not 'all or nothing'. Learning more about how private keys work and experimenting with this (obviously using small test amounts of bitcoin, not one's whole stash) should be encouraged. In bitcoin there is no lender of last resort if your coins are stolen. |
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You can use a BIP32 wallet. It allows you to create several branches derived from a master key.
Frankly I just don't get these DIYers who try to concoct their own schemes for storing coins. Why bother? Do you really enjoy mucking about at such a low level? Best to outsource this job to a bitcoin client like electrum or armory.
The whole ethos of open source and bitcoin is DIY. There is no Nanny to look after your coins with bitcoin, so developing a further understanding of such 'low level' things is important for all bitcoiners at this stage. Or should we call keep our keys on a webwallet instead? I don't want a hierarchical deterministic wallet as if the master key is lost I still lose the wallet. What I am aiming for is a 'Canary' address such that if someone finds / cracks the secret key it will be obvious as the address will be emptied. This will then warn me to apply whatever processes I need to the secret key to reconstruct a 2nd secret key for a futher address that holds the bulk of the coins. The base information and entropy for the 2nd address is based off the 1st secret key, which will need to be secured, so won't be susceptible to brute force attacks in the same way a brain wallet would. However the process of conversion of the 1st key to the 2nd key will be a brain based solution. Can you see how that might be useful long term for securing keys? Oh and yes, I do enjoy this kind of mucking about! BTC |
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So I have traded XRP to BTC and now I have 1 BTC on my Ripple wallet. It is a BTC.IOU or a real BTC? Is there any third party risk with keeping that BTC in my Ripple wallet?
Yes, there is absolutely counter-party risk. You are trusting your gateway (issuer) to hold your BTC. They issue you an IOU of that asset to utilize within the Ripple Network. To remove counter-party risk, withdrawal your BTC back to your own BTC wallet. This is why I believe Ripple has the potential to hugely backfire. Imagine if multiple trusted gateways go byzantine and behave badly, possibly in a network partition situation. Fast transactions means the potential for large divergence if things do screw up. Agreed. The system incentivises lying and hiding bad debt until eventually multiple gateways blow up, just like the current financial crisis. |
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Hi all I'm working out ways to create multiple addresses from one private key - essentially so that one private key can be a 'canary' address but that several layers of salted and derived keys can be made from the one private key. This will enable warning if the private key is found, as the 'canary' address will lose it bitcoins, alerting the owner of the coins that the larger address is potentially now insecure. If I create a SHA256 digest from any string of characters, which may include an existing private key + more information, will the result be in a format that is a valid private key?  Thanks in advance. |
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the problem is that in order for her to understand how bitcoin works, she needs to understand everything other than BTC works, especially fiat.
This is the beauty of Satoshi's gift of Bitcoin. By providing an alternative to the legacy system it makes one really question the basis of the whole system itself. Then once that is done Bitcoin's beauty shines even stronger. |
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You are so generous. I would like to rewardings you with greatest happy money transfers from my small African country, of which I am the King (as soon as I get rid of my Uncle Scar who is only temporarily the King). For making best use of this so forthwith my monies transfer righfully makings payment donation can be makings doings please give me banking account numbers so I can transfer to you this as soon as possible lovely jubbly. Manchester United! Best respectful wishes bitcoin family and mighty investors to help me regain my throne so you will be my privy counsellor. Simba |
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Each spike contributes to greater penetration and greater adoption.
Merchant and individual use continues to grow.
This provides the infrastructure to respond to the acute events that will occur in the global economy over the next few years.
I suspect bitcoin value rise will be gradual with spikes as new disasters effect financial markets until a fiat flee into bitcoin becomes a race, rather than a theoretical idea.
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Legacy financial system, legacy financial journalists meh.
Don't expect much different.
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I am socially liberal but have found that economic liberalism often describes a laissez fair attitude to trans national corporations rather than true individual economic freedom.
However the combination of freedom of information (Internet) and freedom of currency (BTC) now means personal economic liberty is more accessible to those across the world. Globalisation is now attainable for individuals.
Bitcoin has led me to change my economic views and has shown how libertarian economics might succeed in this century without all that Keynesian nonsense.
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