Thanks for the offer, but I prefer to keep it then. I'm not in a rush to sell this domain with how much potential there is.

Since no bid has come through thus far I will lock this thread for ever. If you or anyone else wants to make another offer (higher than 0.05BTC) then PM me and we can work something out.

I found the most interesting part where he was being asked if they are equipped to handle institutions flooding his platform. His answer was that they have an API that everyone can code against and they have a lot of algo guys who tuned in because it's very volatile. How is that an answer to the question being asked?

These algo guys looking to benefit from the volatility are nothing more than regular traders running bots, which doesn't necessarily mean they coded everything themselves, but just bought bots and their licenses from whatever service. And then he praises the market because it's being traded by real humans instead of robots, lol.

I wish there was somone with actual sense of how things work in the crypto space to go in depth about these questions. That poor lady can't do anything other than taking his words for granted.

It depends on how you look at that decentralization aspect.

In all cases all these miners will be pointing towards one of the existing pools accounting for a major share already. Purely based on that there basically isn't something as decentralized mining. The only thing that might be somewhat decentralized with people running these miners from homes and garages, is that the network itself will no longer mainly consist of large mining operations located in data centers being an easy target for governments and whatnot.

The thing is that no one prevents large farms from accumulating all these newer forms of hardware, and thus the cycle will repeat itself in the end.

I am happy already if we manage to see Antpool's share in this mining industry decrease further.

It's actually not a matter (at least, it shouldn't be) of choosing to invest in what, but a matter of how to combine both to enjoy the best of both worlds.

Important is the fact that the majority of the people only see bitcoin as an investment opportunity, so from there the choice should be even easier in general terms. I don't see how an investment in Bitcoin will prevent you from enjoying proper education and vice versa. As always, its the human turning something that isn't a problem into a problem.

In life you have to focus on several things. In other words, you have to make sure you have various interest fields that are bringing in money. Focusing on one or the other is a commonly made mistake that mostly ends up badly.

Not sure where or when you heard that, but with how the network has been growing consistently and that in a very short period of time, the cost to mint 1BTC is closer to $6000-$7000 on average today.

The problem is that you can't possibly figure out the real costs of minting 1BTC due to all the variables that change in an instant. The costs for smaller miners might be closer to $20,000 in reality, while the larger farms scooping up the majority of the blocks are probably closer to $5000 and perhaps even lower. As long as the difficulty keeps increasing, it means that it is worthwhile to mine, and that for me is a solid indicator.

Also, current price isn't a reflection of the 'real' value, but more the speculative upper side of the market. The 'real' price might actually be closer to $7000.

There is an endless supply of them.

Today the price goes up, all the TA fanboys start seeing upwards patterns.
Tomorrow the price goes down, all the TA fanboys expect the price to fall down a bit lower.

One impulse dump means bye bye TA. One Tweet means bye bye TA. One article means bye bye TA.

People should just admit that short term speculation isn't anything other than gambling. The only thing happening is that people hope to book a gain, while in reality it can go either way. It's a 50/50 shot. The only difference with gambling is that in case of a losing trade you just lose a few percent, while with gambling you lose it all. In other words, one or more mistakes won't result in a bad ending.

Technical analysis has proven to not hold much weight in the last months. Don't get me wrong, the very basics can be useful in some ways, but it's pointless to over-analyse everything to come up with a conclusion that we will be going up or down. I can tell you without looking at the market that we will be going up or down, it's the nature of the market.

Every day I see very detailed TA articles pop up all over the internet pointing out that something is going to happen, but they nearly all fail hard. There are too many unpredictable viables involved to let TA form a guide in a market like this. At the end of the day the basics remain the same, which is that you buy at $100 to sell at $125 which is nothing more than you speculating on an increase. It either happens to go up or it doesn't.

I think it's safe to say that there won't ever be a main net implementation of any sort of privacy features with how governments are likely going to outlaw all privacy centric incentives. I personally don't even see the point of having privacy features implemented in Bitcoin. Its open nature is what makes governments somewhat have an open minded stance towards Bitcoin.

While a large group of people consider that to be a negative aspect of Bitcoin, I personally find it to be one of its strongest points. It's not one party deciding what's happening, which isn't something that can be said about other altcoins (hint hint... bcrash). I think in the end, if there are certain features that do enjoy proper usage and that on a consistent basis, and thus aren't gimmicks meant to trap in investors, we might *eventually* see them be implemented.

It's an alternative in extreme situations, but I wonder what if somehow the signal gets intercepted and the data within it gets altered?

The whole point of GoTenna is that it works without internet, but in the end you still need it, which is somewhat contradicting, and when you are out of range, or all devices aren't online, then there is no such a thing as using Bitcoin 'without' internet at all. It's not that they offer anything ground breaking, but just smartly make use of available technologies.

In order to actually transact offline, you will have to exchange private keys, but that's all based on trust. There are however various alternatives in physical form functioning as 'temper proof' offline means of exchange. I would rather use that in extreme situations.

The MtGox fever as you call it is more a problem mentally.

The thing is that MtGox has enough fiat in reserve to cover everything, so it makes zero sense to keep selling coins on the market, which also requires permission. It's not that they can just dump out of free will, it doesn't work like that. Their reports will make clear what happened with the funds that have been moving recently, and till that time, it makes zero sense for anyone to make it seem like a big problem while in reality it isn't.

The market went down because it failed to break an important level while it was very close, and that disappointment made the market fall back down, and not MtGox or the South Korean exchange that was raided. Currently there just isn't enough demand justifying the market to reach and maintain $10,000 levels. I said it before and will say it again, I am fairly sure that for the entirity of this year we aren't done yet with sub $10,000 levels. I'm not saying we won't top $10,000 but we'll be falling back down in case it does happen.

Next bottom range should be anywhere between the $7000-$8000 levels without a major bullish trigger.

With the continous shakeouts of weak hands and institutions slowly filtering the market we'll see the rations become even worse.

1% of the addresses will own 99% of the existing Bitcoins.
99% of the addresses will own 1% of the existing Bitcoins.

Bitcoin's market as a whole is just a joke for large institutions, and while people are panicking about how the correction took us back to $6000 levels a few months ago, there has been and still is some serious accumulation going on in the background. Wall street & Co weren't the first to join the party, but they will make up for it and buy the market to record highs, that's pretty much a guarantee. Corrections are a perfect event to speed things up a notch or five.

If people thought the wealth distribution in the fiat world was bad and Bitcoin would be the exception, then prepare yourself for a big disappointment.

Don't focus too much on such statistics. In developing and third world countries the off-exchange volumes are far higher than what you are pointing at. Volumes on exchanges are only a tiny percentage of the total, where private (OTC) trading volumes are far higher in every country. The lack of liquidity and regulations have pushed investors and regulars away from exchanges, and now you get this, which pretty much explains why certain exchanges have jumped into facilitating OTC deals.

All these surveys are worthless because we can all complete them with just nonsense answers, and also since they are only related to the moment, which is something that holds no value in a market where the sentiment can change in an instant. In other words, people's positive motivation towards crypto today is likely gone tomorrow.

I really like to see how it plays out, but more because of the technical side and what new developments and progress we can expect. Everything aside from that is pure hype to boost ticket sales, which is all fine since it's set up with a financial incentive in the background. This event in my opinion shouldn't do anything with the market, unless something is brought up to the attention of the traders they don't yet know about, which offers a perfect insider trading oppurtunity for developers and whatnot.

The problem with these events is that common sense doesn't apply and that it will likely turn out to affect the market, especially with how the expectations in general are sky high, which means that there might actually be a pump afterwards or during the conference, but it might also result in a dump if the high expectations aren't met. Interesting fact is that the ticket prices aren't that high at all if you take into consideration that the potential gains are way higher than that. We'll see plenty and plenty of attendees with their laptops and tablets ready to trade based on each speaker and development.

That may be true, but what's it worth when people switch from 'trusting' banks with their capital, to 'trusting' wallet services and exchanges with their capital? In both cases it's not you controlling your own wealth, but an external party. There is technically not one single difference with how everything is starting to become heavily regulated.

Regulations can't prevent people from abusing Bitcoin as tool in whatever situation. Also, why would we care about what others do with their coins? I seriously don't give a shit about people using Bitcoin to buy drugs or weapons; it's not our task to care about that, but the task the authorities have to deal with. Stop relying on regulations to 'solve' problems, because they cant.

Obviously, they won't do anything with Bitcoin itself. If governments stimulate Bitcoin usage and people utilize its currency aspect, it will be a severe loss for the government because their debt backed trash is no longer the main standard. Fiat is worth what it is worth because we all accept that we can exchange our money for something in return, and as long as people keep using fiat in that way, it will maintain its position in that regard.

What value will the dollar have when barely anyone is using it? Usage = value. Usage doesn't necessarily mean it solely refers to buying goods with your fiat, but the speculative aspect plays an important role as well. We made fiat what it is today, and we have the power to end its dictating position; the government won't ever be stimulating that.

That's actually a good question, but it depends on what country you are from firstly. I have done some research on this last year, and the explanation was pretty simple and straightforward.

If I can prove that my coins haven't been into circulation in the previous years, which can be proven easily with how open the blockchain is, it's like I instantly obtained that wealth, and only have to start paying due taxes from the moment I claim that I gained back access. That's from a wallet backup, which I assume is the easiest part because it clearly shows that your coins haven't been moving. I don't know how things are in case you can't prove that your funds haven't been into circulation.

In case of the latter you are better off just not declaring anything, or you have to contact an attorney specialized in crypto tax cases to see what your options are.

Relax. Germany, just like any other European country, does require you to pay tax over your gains, so I am not sure what made you think that they don't.

In some cases Germany does offer quite friendly tax policies concerning certain usage fields, but that doesn't concern your gains. Do you seriously believe that governments will just allow anyone to enjoy profits from trading activities without paying tax? It's a massive income stream for them with how thriving this market is; no way they will not want their cut of that.

I am happy that in case I end up making profits, and I don't see any value in declaring these gains, I can legally avoid paying tax by just spending my coins. Added benefit is that spending Bitcoins helps the ecosystem, so you're doing something good as well.

McAfee is a loser. He did what I expected him to do.

In an interview he was asked about his prediction (which was that Bitcoin in 2018 would reach $78,000) and he denied having said that. In the video they show footage of him clearly stating him having made that prediction. The same will happen with his current prediction. For anyone willing to see the whole interview (60 minute duration) here is the link; https://www.youtube.com/watch?v=WBgFGwJA1D0

These people don't do anything for Bitcoin. He's nothing more than a vampire trying to suck as much money out of this market as possible. Seriously, what billionaire will get involved in promoting shitty altcoins? It's just the money he's after, and that clearly shows.

Dominance based on total coin supplies = worthless. People still don't understand that because they as always only focus on that what they want to see.

It's the worst possible and fake ass metric that exists. If everything continues as it has been doing with ICO's and forks, Bitcoin will keep sinking like a rock in that aspect.

Wrong. It's Ripple. You see only what you want to see. Ripple's total coin supply is ~100 billion * $0.74. It has surpassed Bitcoin's market cap several times already, and it didn't/doesn't mean anything. It's an insanely premined shitcoin that people even paid +$3 per coin for not that long ago.

1-2% is quite a fair and managable risk exposure in general terms, but I personally find it to be on the far lower side, but that may be because I am a Bitcoin enthusiast and firmly believe in its potential.

Don't forget that when hedge funds and other firms start allocating 2% of their portfolio to Bitcoin, it means billions in capital that will flow into Bitcoin. If we also take into consideration that the availability of circulating Bitcoins has only gone down throughout the years, the market is very likely going to make another 'easy' 500-1000% jump in the coming few years.

For professional parties that shift is very important because of how their logic works. Bitcoin usage and interest by institutions means legitimacy for them, and eventually when they go full nuts I wouldn't be surprised to find out that the percentages of their portfolios might jump up to 10% as minimum.

These capital shifts will be the real deal in the coming years, even if it 'only' concerns a few %;

Gold > Bitcoin.
Stocks > Bitcoin.
Bonds > Bitcoin.
Offshore banking capital > Bitcoin.

Bitcoin is and will remain more rewarding than anything else. Capital shift is imminent.