It might seem obvious but people nowadays miss the fact you can use bitcoin to buy stuff. That ""hodl!"" mentality was not that strong back in 2013 when I first came across that ""magic internet money"".I don't know how it feels buying two pizzas for $35m but I have bought quite a lot of games through humble bundle and seeing them to not look great deals after all is not that great. But if we really need to see that mass adoption coming anytime soon we need to push for merchant adoption. We need people getting paid in bitcoin and people willing to pay in bitcoin. Stop yelling a misspelled word made by an a drunk autistic ""trader"" from 2013. www.usebitcoins.info www.openbazaar.org www.purse.io www.spendbitcoins.com www.coinmap.orgThe reason why the word HODL became very famous is that the fact that bitcoins value have increased tremendously. The super volatility of bitcoin destroyed the main feature of bitcoin as a currency and was treated like a stock or commodity. People are flocking in bitcoins but without plans to use it to purchase things but rather to profit. |
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has anyone thought about applying the bitcoin principles to an incorruptible voting system? put diebold out of business?
Bitcoin principles cannot be used in a voting process. Bitcoin is a market based currency and is not compatible with such process. But behind bitcoin, the blockchain technology is very compatible to the voting process. Using the technology it is easy to track the votes coming in and there will be a transparency in voting and thus cheating in election could not occur. |
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That kind of article is a very misleading article. Probably the writer does not understand how the bitcoin market works and that he invested his money without even the basic knowledge. Probably he invested a huge amount of money into bitcoin when the value was high and now that the value crashed he suffered huge losses. Now, he expressed his failure through writing saying that bitcoin is a very dangerous investment.
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Well we have no proof about how true is this story. We have no clear evidence as to its validity. And since we all know who is Pablo Escobar and his background we may say that possibly he has a hidden agenda behind this exposure. Probably he just want to publicize and make his bitcoin version famous so he makes such issues and publicity.
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The bearish movement in bitcoins value has already ended a few weeks ago ans we already have witnessed the dip at 6200$. Right now bitcoin is already recovering and with the upcoming acceptance of bitcoin to larger business and corporations the price of bitcoin is going up slowly. This movement will have a domino effect and will eventually cause a bullish movement on bitcoins value.
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Bitcoin is like the Internet in the 80s. This technology’s going to work. It is going to be game changing, but it is very early days so we can have this massive volatility. Bitcoin market has already hit bottom for 2018 and that there is nothing but upside from here on out. What do you think about it?  There are no more bearish moves for bitcoins price. Even though there is a huge dump last April 17 when a whale sold his 6500 btc but the market have recovered fast and the value rose back again to 8200$. This stability in bitcoins value at 8k$ is a good sign that we must buy again thus many people will buy bitcoin and we will see a fast increase in value this week and next week. |
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There doesn't seem to have been any media FUD for a while and I keep reading how institutional investors are coming into the market. Is the bear market over and is renewed optimism coming into the market? It easy to see what is happening now as a new bull market but I've been caught out before.
The price of bitcoin is now stable and with that many people are now coming back in to buy bitcoin. Stability in bitcoins value means that the bearish trend is no longer happening thus people are now tempted to buy more bitcoins before it increase in value again. Possibly we will be expecting 9k$ by next week so let us wait and enjoy huge profit. |
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There are rumors that bitcoins creator Satoshi Nakamoto and will call up for a meeting with only a few selected individuals. This rumor was very popular and is trending nowadays. But I doubt this person who claims to be Nakamoto is a hoax, the only way to find out the truth about this is when Nakamoto will use hid old accounts here this forum and will make an announcement.
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Mining will become unprofitable not to big mining farms but only to small miners. As bitcoins difficulty to mine is becoming harder and harder then it will be no longer profitable for small miners. This kind of disaster will eventually result to the monopoly of mining to the giant mining farms. Such monopoly could bring about control coming from their sides. And I hope that will not occur.
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Bitcoin will never have a hard time to increase its value. We have witnessed the great price drop of bitcoin and to our surprise in just a small amount of time bitcoin has started to recover. This is a sign that bitcoin is slowly but surely going to get back to its former highest value and overtake it. This meand that in terms of value bitcoin is really keeping up.
Also bitcoin is starting to evolve. It is already noticeable that bitcoin is already attracted many investors that will accept bitcoin as a mod of payment
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I do agree that the second quarter is the time for bitcoins recovery. If we noticed on the first quarter bitcoin had fallen tremendously and many thought that it will continue as deep as 2800$. Starting this April, the start of the second Quarter, bitcoin can be onserved that it has started to recover its value and later on it can still continue to rose up.
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A centralized cryptocurrency is manipulable. Some may even change the total supply of the coins and other changes. That is why a decentralized cryptocurrency is much more plausible but it is still have an advantage and that is during problematic moments and before a solution was made there must be a consensus that everyone must agree with otherwise their will be no action.
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Well eventually money and bitcoin is almost the same and the difference is the state or realm that they are in. Money is on physical realm and bitcoin is on the digital realm but both of them are currency. Also both of them is taxable. If you buy a car using money and a part of the cars price is being sent to the treasury in form of taxes. Bitcoin also is like that if you buy a car using bitcoin then a part of what you pay is also taxable and will go into the treasury. If you dont believe that bitcoin is taxable you may read what is happening on the United States right now.
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If she had discussed the dark side if bitcoin its because it is the truth and a part of bitcoin history. Lagarde is unbiased when it comes to discussing cryptocurrency she will tackle both positive and negative truths about this reality. But in the end its good that everything went well and eventually his speech is actually and advantage to bitcoin.
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Hey Did a quick search and didn't see this posted yet. Found this interesting overview of a patent that Amazon filed in 2014, a few years before they bought those domains (amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com.) http://darkcitycrypto.com/index.php/2018/04/19/amazon-filed-a-patent-to-de-anonymize-bitcoin-transactions-and-sell-the-data-to-law-enforcement/ The article states a few use-case scenarios for why Amazon might do this, which basically summarize to being able to determine physical addresses behind crypto transactions: The purpose here would be to combine data from different retailers and look for common points, such as a shipping address or IP logs and then start to put together a picture of the real identity of the person using Bitcoin or any other crypto currency. Personally, I'm not sure I see a negative here (as a crypto user), other than the potential of *more* targeted ads; however, I certainly don't see how this might benefit me (or the community) in any way. What are your thoughts? any potential red flags I'm not seeing? Any potential positive outcomes? This has both a positive and negative impact. To people who have nothing to hide and wanted a transparent transactions then it is an advantage to them since the transactions are traceable and if there will be complains it is easy to settle with the records being transparent online. This is also an advantage to people who hid their identity for protection purposes as they cannot buy things online without displaying their identity. |
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I just wondering why some people don't use paper wallet to secure their bitcoin, Some of them are just putting to the exchanger and trust their funds that no assurance of safety.I don't understand why they did not use the most secure way to keep their bitcoins.
Any Thoughts?
If we are long term holders and we hold a huge amount of bitcoin then it is good to place our bitcoin on paper wallet. But to traders and small time holders we need to place them on exchanges so we can trade them and earn some profit. We can only keep our bitcoin at the paper wallet if we have more excess bitcoin. |
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bitcoin currency and block technology was invented , if block technology universal in the world , we need a based on block search engine it ? google web-based search technology will be out of date it?
It is impossible for those search engines to go out of business. If they will observe that if they will be left behind with others who have integrated blockchain technology in their system they will just make an innovation and that is to integrate blockchain technology. Well, they are wise and they will do anything so they can stay online. |
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It's interesting to see how the Mass Media is portraying Bitcoin through the recent years... https://youtu.be/Owm6W1MmQAcSeems that in 2016 we were all Drug Dealers and Murders for Hire  Somehow we cannot deny them since bitcoin was actually used in the black market before and there are still who uses bitcoin to do their illicit bidding. Also scammers are everywhere that will pose as an investment but actually a scamming scheme behind the program. Such activities were affecting bitcoin badly and we cannot blame them for saying so. But even though bitcoin is always portrayed negatively on the tv programs and news but it is still loved by many. |
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It all depends on when you have bought your bitcoins. When you bought your bitcoins at a very low value then you can sell them anytime if you want since you will have profit anyway. But the big question is that if you have just recently bought bitcoin at 20k$ then the huge challenge occurs since if you hold your bitcoin you may have a chance to gain or to meet another losses; or you can sell bitcoins and lost a profit and capital but you will not lost all. So the answer will really depend on your situation and so be careful on accepting any suggestions.
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I have not been on those crypto or bitcoin conferences and how much I would like to be there if only I have no funding problem. But there are some videos that I have seen that is posted by some bitcoin users who attended such conference. This gathering of bitcoin users is like a festival and not a conference, there are many people and after the formal conference a party was conducted with fireworks going up the sky.
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