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Problem is: are the new millionaires willing and capable to liquidate their crypto-hodlings for fiat and face the long arm of the taxman? I don't think so.
Personally one of the reasons I'm still 90%+ in crypto is because I do not want to pay sh*t in additional taxes. So paradoxically our enemy is helping us to do the right thing (HODL).
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no, it was long before trump was elected when putin said that russia was not superpower anymore.
Russia is doing quite whatever it likes in Syria like in Crimea, letting the ziocons have serial heart attacks. And now after filling its treasury in gold, making trade deals in alt. currencies, is going to mine bitcoins (!). Some (sh*t)heads are going to explode. And the most funny thing is that the Vlad is a joo himself. I have still to decode this.  |
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No government would turn to a crypto currency that it cannot control (except by advise of the bankers), but any country with a failed currency like Venezuela to say one will likely see a booming black market and crypto usage.
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Waiting for another high tide in BTC price:  (*) sorry if bad taste: they're actually nursing home residents waiting to get rescued in Houston. |
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This is one of the very few coins to HODL in a very cold wallet. Don't dump all of your stash for a miserable 10% gain, or you will regret later.
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At the end of the day as long as the US has the military means to subdue every opposition in the world debt wont be much of a problem.
Well it doesn't. Not only there are already 2 opponents capable and willing to not take any sh*t from the US, but the US is totally pwned by the joos from a long time, and that's why it's a loose cannon and so self-destructive. So I would not be so confident either in the US or in the survival of the human race. |
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Does the chart look double toppish / top heavy or am I missing something?  Technicals look very bearish short term, very bullish long term = Either we're reverting here or it's just a weekend breath. Luckily I sold a couple of coins very near to the last high.  https://www.investing.com/crypto/bitcoin |
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Currently I am 90% in BTC, 5% in LTC, and 5% in gold.
My plan is to keep increasing my gold stash, increase my fiat, and maybe increase my LTC and some other alts.
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Indeed. I reached the stage where I expect to bring most of my coins to hell with me, especially b/c rather than paying 1$ in additional taxes to the state pimps I will starve in the gutter. |
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Instead of pooling money to tear down Bitman, why don't you pool your money to outcompete them? Add to Bitcoin's security, rather than destroy it.
That's something I have always wondered. Why heavily invested individuals/groups (those in the high tens of thousands or even hundreds of thousands BTC) don't invest in a competing ASICS manufacturer?. I can understand that mining activity depends on other factors like cheap electricity, cheap maintenance labour, etc so Chineese pools will always have an advantage there. More so if there is any State support that we are not aware of. But they could compete in mining equiment development/manufacturing. There is only a logical answer: they feel that the risk is too high. Either because most of the easy coins have already been mined, and/or because they do not expect that it would be a secure investment (due to civil wars, change in PoW, etc). But I hear that Russia has electricity at 1 cent/Kwh and that's why they want to get in at the top State level. |
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You guys really crack me up with these "we need to do this or that" pontifications. As if anyone here is even remotely involved in the development of Bitcoin. But by all means, go forth and make it happen!  Looks like some Core elite developer already has a M.A.D. plan ongoing: https://twitter.com/LukeDashjr/status/901233811580702720https://twitter.com/LukeDashjr/status/901251625276276737I am personally in favor of more decentralization in mining and all, so I tend to favor a change in PoW to end the Chinese miner's mafia, even if this could cause much chaos and desruption in the short to medium term. The question is if the new algo will be asic-resistant, or we'll be at square 1 in a few months. |
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if you are serious about security of your puter: 1) Do NOT use windows, use linux only. If you absolutely need windows set up a dual boot and never do anything confidential on windows 2) Learn to use partition encryption and use it to store anything confidential on all of your devices. 3) Never install any dubious software on your puter (including browser extensions) 4) Never access confidential info on an unsecure device (like any smartphone) ah, and:  |
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the timing of the spam attacks is interesting, and we're going to get much more of it in order to push segwit2x.  |
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No I don't really think it could overtake the regular currencies,
As long as the government wouldn't legalize it.
At maybe 70 Billions $ the monetary base of BTC is already higher than the monetary base of 1/3 or more of countries in the world. So in this sense BTC already overtook them. Even if they ban it, the informal economy accounts about 30% of the whole world economy and keeps growing. When there is demand from the public the law does not apply, especially on the internet. |
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yes crypto can (and likely will relatively soon) overtake fiat because:
- it can (and often does) go up;
- uncensorable and private, in your possession.
To try to ban crypto would be ineffective and counterproductive, but they can try with market manipulations and other dirty tricks like they have been doing with gold/silver or the bigblocker plants in btc to destroy the price expectations and confidence, because they still have money printers and the state apparatus.
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I'm bullish! buy back to fuel the bounce! I'm doomish. Do the needful. WTF, I can barely see a tiny red candle on the 4 hours chart. If it were a 10% or so correction it could at least be interesting for a nice ping-pong.  |
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Had a dream last night
To sleep well consider to accumulate a decent stack of gold, which by now comes quite cheap in BTC, so you won't go to bed wondering if by tomorrow all of your hodlings could vanish in the cyberspace. |
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yea i do, ive been sayin things like this will happen for past 3weeks...
if is its true , how would you feel?
heres a comment from a reader.
the idea that you pay a monthly bill to blockstream instead of paying per transaction is *really* bad. do you need me to explain why? it's not the "same thing."
another...Requires locking funds into a payment channel, like a bank account
Funds stay locked up until you pay to close the channel, like a bank account
Fees go to channel provider, who is most likely a bank, banking 2.0
Provider can force channels closed, require registration, AML/KYC, fully vulnerable to government confiscation
[–]luke-jrLuke Dashjr - Bitcoin Core Developer 29 points 10 hours ago
In the short term, Lightning should reduce on-chain fees significantly.
Essentially they become subscription fees to use Bitcoin, rather than per-transaction fees.
In case anyone try to enforce anything like that (maybe by spamming the network as usual), this will be the market reaction in a matter of hours:  |
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