1. Speculative/trading/buying coins hoping to get rich.
2. As a medium of exchange, currency to buy stuff just like you would for money.
3. As a means in itself to make money, i.e mining.
Also why did you get into bitcoin?
1. You were one of the first movers? You thought it was cool, interesting, you were here from the start?
2. Revolutionary ideas that it's going to change the world, banking system, etc.
3. You were just curious and then the more you looked into it, you saw how cool it was and promising(me).
4. Speculation, wanting to get rich.
Numbers 1 and 2 for me but the smaller percentage being on number 2 as i hold more bitcoin than i spend. It is obvious though that bitcoin is something different to everyone but the main usage now is a speculative one |
|
|
|
|
Yes, thank you very much and happy holidays !
|
|
|
|
|
Well this is happening already, ransomware is already operational. I know of
someone who downloaded sonyvegas illegally and installed it. Immediately
the computer was locked.
Stupidly they had passwords for wallets saved on the same computer and
lost about 1.5 bitcoin. They were not prepared to risk paying the ransom
and not getting access to the pc.
|
|
|
|
|
We are definitely heading for a cashless (physical money) society and
its speeding up. Think about it governments cannot track cash and
cash transactions cannot be 100% taxed for example.
If i buy something from a stranger with cash nobody knows.
To point out how easy it is to pay with plastic card (debit card) last
thursday night I did a small bit of grocery shopping and paid by
card in a self service checkout, i then had to move some items
to a new location for my daughter and bought some fuel for the
car at a self service station and paid by card. It was late so we
went to McDonald's for the first time in about 12 months and
ordered on a touch screen and paid by card.
|
|
|
|
|
It currently looks like Ethereum is making the biggest percentage gains
at the moment. There seems yo be a lot of confidence coming back to
it along with lost ground to be made up after the big loss it made.
It is $131 as i post this which means more than doubling in a week, its
possible if it continues its current upwards trend but will there be a
correction before that?
|
|
|
|
Just came across this article in my news feed. Its a big ine and likely Launched at this very oportune time as the markets look ro be resetting, and another bank looking to expose its customers to crypto trading. Revealed: Germany’s 2nd Largest Stock Exchange Listing Bitcoin, XRP, Ethereum and Litecoin on Crypto Trading Platformhttps://dailyhodl.com/2018/12/22/revealed-germanys-2nd-largest-stock-exchange-listing-bitcoin-xrp-ethereum-and-litecoin-on-crypto-trading-platform/Stuttgart Stock Exchange (Börse Stuttgart), Germany’s second largest exchange and the ninth largest in Europe, is scheduled to launch its upcoming crypto trading platform in the first half of 2019 in collaboration with Berlin-based fintech company solarisBank which will also offer crypto-trading banking services for the stock exchange. |
|
|
|
|
In my ciuntry bitcoin is treated in the same way as other investments
and is subject to "capital gains tax" of 30%.
Taxes are necessary to make sure a country is able to run and provide
services but nobody likes paying too much.
|
|
|
|
|
Its one thing TYPING or SAYING bitcoin is going to die or fall or whatever
but when presented with graphics where people can SEE historical figures
which backs up the fact that bitcoin is in a very healthy place it laughs in
the face of the negativity going around.
|
|
|
|
|
Its clear that this thread has revealed 2 members who clearly want the value
of bitcoin to plummet so they can buy back again thats the op and KingScorpio.
I wouldnt be taking anything of value from any of their posts purely because
its all negativity and no technical analysis as to why the are that way.
Look to the long term, if prices fall, If they rise , rejoice!
|
|
|
|
|
The big issue in real term is that newcomers want to buy bitcoin and unlike
walking into a shop or buying something on ebay for instance it is not instant.
The new buyer expects to spend the FIAT and receive the goods like other
items but unfortunately there are hoops to jump through which take time
if they use an exchange.
Alternatively they can buy for straight cash which brings back to ognasty's
post above.
|
|
|
|
|
Well you only loose if you sell at a loss, obvious statement i know but so
many people are bound to have lost big time out of fear and not being
knowledgeable about crypto trends.
There was a lit of fear being spread to make weak holders sell, and they
did, hopefully they have learned that bitcoin isnt dead or isnt going to $1000
|
|
|
|
I think the title might actually be true.
I started with bitcoin when I was 14 but by then I’d already missed all of the mining with a computer as ASICS were already out. I think a lot of people who started even a year or two before me would have been able to mine with a cpu or a gpu.
Vitalik started working on ethereum when he was 17 I think too...
Wow i thought the thread title was really incorrect, i would have guessed People in their late 20's would be the big holders. I'm surprised to learn you started at 14 but i suppose young people from 8 or 9 years ago who were into technology and were intrigued by bitcoin could indeed be still holding from then...... if they havent forgotten or dumped their computers. |
|
|
|
I also believe that it is just a correction of a dump. New dump will approaching approx at 28 of December on futures closing. I don't expect up trend movement till the end of the year.
I would be inclined to wait for the next dump also. There will be sell orders kicking in soon as people who bought low will be taking profits. There will be people buying now out of FOMO when the time was earlier in the week when a lot of people were waiting for Bitcoin to go to 1K. The markets rarely keep going up though. |
|
|
|
|
The system has to implode at some stage, it just cannot continue to increase.
Debt, debt and more debt, society is being fed this, capitalism and commercialism
are feeding it and society are buying it. Everyone wants the new car, the big
house, the latest fashion and the latest gadgets, it all comes at a cost and we in
general keep borrowing and spending, But when the bubble pops its the public
who will pay.
|
|
|
|
|
Well for me it will last forever because it will outlive me and probably
everyone else on this forum too.
No need to get hung up on the life span of bitcoin. If we work towards
keeping it alive while we are around we can pass it on to the next group.
|
|
|
|
|
Any sign of green in the market brings new waves of positivity and speculation
threads, it wont be long now when the bull will be mentioned.
By this time next week bitcoins value could be back to 3k. Its difficult to find
repitition in the markets. Compared to last year this "rally" is a blip.
|
|
|
|
Well, it's a novel way to bash on BTC, I'll give you that. I mean this in the least hostile way, but if you really don't believe in BTC or any crypto then why spend time in a bitcoin/crypto forum? I am truly curious as to the answer. I personally find it hard to believe that the so called haters are all here out of the kindness of their hearts to try and warn people off losing their funds.
Those haters spending their time on the forum hating bitcoin and crypto are only self-serving so they can affect the market in some way for their own good, the actually LOVE crypto........thats why they are here. |
|
|
|
|
"complete regulation" is a scary term for a lot of us.
In the case of attracting new business in the crypto field it will increase
employment and boost revenue similar to what Malta had done and
Australia before it.
While some countries are slow to move Belarus can see the potential
crypto has and the benefits it can offer.
|
|
|
|
|
I have been buying bitcoin on and off for the last few weeks when my
disposable income allows. I dont get hung up on the FIAT value too
much although the last 2 or so weeks have presented a great
opportunity to get some more.
For yhe amount i buy at any one time the FIAT value doesnt make a
whole pile of difference,
But
Its the long term which i focus on, 5 years from now will see a difference!
|
|
|
|
|
Everything posted by the OP is actually correct.
The bitcoin whitepaper was released on the 31st of October 2008 and
the first block was mined "the Genesis block" on January the 3rd 2009.
The fact that Wikipedia mentions a group of people is speculation
because as has been thrashed out on this forum and im sure elsewhere
the identity of Satoshi is unknown, it could be either a man, woman, both
or a multiple of people.
Bitcoin is being used in different ways and it us looked upon as diferent
things to different people and governments around the world.
|
|
|
|
|
Show Posts
