haha, this is funny for so many reasons. the most obvious one is that OP is practically saying don't live and put all your money in bitcoin instead. of course he is trolling but it is funny nonetheless.

but also something that most people may not know is that this is coming from a troll who was talking about how bitcoin is going to die not so long ago when price was so much lower than this.

well they are running a big bitcoin exchange platform called Gemeni. having that kind of bitcoin capital is not really a big deal unless this amount is 100% separate from their exchange funds.


Satoshi Nakamoto
Hal Finney
possibly lots of early adopters who mined or bought bitcoin like Roger Ver

but we will never know. all of these are guesses unless they provide a signed proof which nobody in his right mind would do that

only an idiot will dump 1 million bitcoin on the market in one move. not to mention the impossibility of transferring that much money out of an exchange publicly!

so unless you think Satoshi, the person or persons creating a system like bitcoin, is an idiot then your question is kind of pointless.

very true. the growth is a good thing and sometimes i feel like the crashes are even better. it makes bitcoin market that much stronger. and the price rise a solid movement.
a crash is practically flushing out the weak hands because the wise money exits first or holds on to the capital they have. it is always the newbies who make irrational decisions and start panic selling. and getting them out is always good.
it also silences the "bitcoin is in a bubble"-talk which is even a better thing to have.

that is a concern that anyone with any level of logical thinking must have. and we area all worried about any kind of fall and not just now because price rise was big but always even if there were no price rises.

but it is always a matter of risks. how much risk is there for going down versus how much risk is there for going up and you miss out. you compare these two and then act based on the one that has a higher chance of happening.

that is the question that i also had in mind ever since price went past $10k. people seem to be interested only in the ban and how that affected bitcoin (calling i the end of bitcoin, even topics asking "is bitcoin finished"!!!).

when they closed the exchanges, foreign ones from Korea and Japan and also the localbitcoins volume had a big increase so my guess is, most of the traders migrated elsewhere.

additionally i saw their exchanges still are operational but moved their servers and domains outside of China. BTCC,... they may be handling a big part of the volume too.

i just want to add a little correction here that wallets have hundreds and sometimes much more addresses but that doesn't mean they contain any balance. they are used addresses. and most wallets will have 2-5 addresses with some balance in them, unless someone spreads their balance among multiple ones intentionally or the way the "change address" is designed by the wallet makes things messy.

the price of bitcoin doesn't matter for this case. what matters is the stability of it. if it becomes stable enough like other common currencies such as USD, etc. then you can only mention how much you have in bitcoin and everyone would understand.

for example if i tell you i have $20, anyone who is using dollar knows how much that is worth. what i can buy with 20 bucks. can i buy a cup of coffee with it or a Lamborghini?
but if i tell you i have 0.002BTC or 200,000 satoshi, you will have to do some mental calculation before telling me if i can buy a cup of coffee with it or two or three??? and your answer will be different next week!

$20 is not that big a amount to warrant this much thinking over in my opinion. the rise and fall is not that big and won't affect your amount received that much either.
for example currently you get 0.0017BTC according to preev.com and back when price was $10000 you could have received 0.0020BTC. that 0.0003BTC is what you are worrying about right now!

also i should mention, based on my experience waiting for the price to drop never ends well unless you are nearly certain of it.

it is a little hard for me to consider things less than a year as a short term investment. because i believe anything more than a couple of months is somewhat a long term investment!

and when you are talking about benefits, then it must be defined what kind of benefits you are looking for. if it is purely monetary benefits then i think short term investments can be more beneficial since you make profit in short term (specially if the short term is really short like days or weeks) then use the profit to invest again and make more profit. rinse and repeat to grow the capital exponentially.

but this takes time. so you may think about benefits as in terms of money and spending less time. so long term investment becomes more beneficial. when you just buy something and hold it for a long time. even 10 years and you don't spend any time on it. you come back to what you bought at $0.10 in 10 years ago and see it is $100,000 by then and do nothing more in between.

if you use BitPay to accept payments then you are not exactly using bitcoin to worry about its network fees. you are using a third party, they accept some payment from in your place then they send that payment to you.
in other words everything is done inside that third party (BitPay) so you will have to read their rules. they may do it for free, or they may take a changing fee based on bitcoin's mempool size or a fixed fee they like!

i think you always go overboard with your "predictions" about price of everything. i usually see your topics and they seem to have two main factors: first one is a big range like here where you say 20K and twice than value meaning 40k!!
also they always seem unrealistic, at least to me.

i also don't understand what the last statement means? are you talking about some kind of bottom resistance?

late for doing what?

if you want to use bitcoin, you just buy it and enjoy the decentralized cryptocurrency that is called bitcoin. you can spend it in a lot of different places online or offline while keeping on to your privacy.

if you want to invest in bitcoin and enjoy the rise, then you still can be sure that bitcoin is still limited in number and the demand is rising for it hence price will rise in long term.

if you want to get rich over night and earn 10000 bitcoin in a short time then yeah it is too late for that.

there has been lots of attacks from different groups and different people. this bitcoin cash one is not the first and is not going to be the last one either. they may be the most vocal one but i don't think their power at "damaging bitcoin" is any greater than all those before them.

and i think it is a good thing to some extent. bitcoin is still an experiment (a beta project) even though it has a very high value. and the sooner all the weaknesses and attack vectors are found and fixed the better it will be for bitcoin and its future and also the future of blockchain technology in general.

we don't know who Satoshi Nakamoto is and where he or they are coming from. some even say Satoshi may be European, since the news headline that was encoded in genesis block was from a European country.


i have seen a lot of different shops accepting bitcoin over in japan but they usually are selling something digital like computers and cameras, etc, haven't seen a restaurant yet.

in case the post was talking about 1 mining rig capable of mining both these cryptos then it was lying and it was a scam be cause you can not mine both of these with a same equipment!

bitcoin is mined by something called an ASIC (https://en.bitcoin.it/wiki/ASIC) while ethereum is mined with GPU. a rig for mining ETH is a set of graphic cards installed on a motherboard using risers. both GPU and motherboard is the same thing you can find in any computer hardware store (gaming GPU, and MB) with a good power supply. all of this is usually installed on top of a structure (i don't know if it has a name but something like a hollow case). you can even build one yourself if you know how.

images: https://www.google.com/search?q=eth+mining+rig

this may not be exactly what you want but it can also be just it!
you can check out ShapeShift. it is a place where you can use their APIs to accept payments too. i have not used this myself but i have seen website implement their system.
for example your site wants to accept 0.1BTC, you use ShapeShift API to add a button below the payment request that says "pay with an altcoin" when they click on it, they can see different altcoins they can deposit and ShapeShift exchanges that to your 0.1BTC and gives it to you.
https://info.shapeshift.io/api

sadly this is true. the current fee for a normal transaction is around $4 at the moment and it doesn't seem to be going down and that is because bitcoin adoption grow a lot in the past few weeks and at the same time we don't have any working scaling solution. we have SegWit but non that many seems to be using it which means it is ineffective for scaling so far. and since we don't have the block size increase (hard fork of S2X) we have to keep waiting for something to change....

anything that is not a clean and encrypted cold storage is susceptible to be hacked, stolen, lost specially if it is your phone which you carry around with you!!!

in fact putting your bitcoins on your phone or things similar to that is like carrying all your money in a bag over your shoulder. would you do that? of course not. you put your money in a safe place with a bank, a safety deposit box or in your mattress and only carry around pocket change with you.

maybe it is just me but these kinds of "Loyalty Rewards" are always like icing on the cake not the cake itself. it depends what the shop is selling, how are their prices, what they offer, and what are these Loyalty Points. sometimes trusting (specially when online and using bitcoin) is not easy.

it i kind of obvious that when something is offered for free or as a reward, people are more attracted to it. so your 57% is not only true but also seems low.