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.
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I wouldn't say that there is a new era of bitcoin at all.
Bitcoin hasn't changed one single bit in terms of how it operates fundamentally and the benefits that it offers both technically and economically. All that has changed is the price, and that is due to market cycles and psychology that doesn't necessarily affect the bitcoin network.
Thus, the most important thing out of all about bitcoin isn't really its value, but rather adoption figures.
And right now it seems like there is still an increasing amount of adopters, which is somewhat surprising in this bear market, but still shows promise for the future. After all, adoption is what sparks demand in the long term anyways.
Yes ERA probably isnt the right term to use, I would pit forward the word 'Phase'. With the coming of the new year we will be entering a new phase. I guess the OP is eluding to it as is Franky1 and I think a lit of people are on the right track but its difficult to pinpoint exactly what will be involved. We can be confident of more adoption, enough people know about bitcoin so that when the next positive uptrend starts it will hopefully bring even more users.
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Looking at the red market situation, what did you do and plan at the beginning of Q1 2019? Are you still sure the arrival of the Bull run? If so, you have the same expectations as me now. Hopefully the situation will change soon. Do not give up !! Thank you very much. Why would we give up. After seeing the price of cryptocurrencies spike in the previous year, I definitely believe that soon we will enjoy the fruit of our patience. Yes patience is indeed important, in this cryoto space a lot of people have yet to learn it. The crypto market situation is creating a lot of divided thought but I am confident in thinking the future is giing to be positive with some bumpy trips along the way, again people have to be aware of this and hopefully there will be lessons learned from the past 12 months.
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For a large majority of people the best way to earn their first BTC is going to be to go to work and then spend their FIAT. Gone are the days when it's easy to earn a BTC or multiple BTC by doing small tasks, purely because the value of BTC is no so high.
Correct. I buy lots of small amounts of bitcoin a couple of times per month added to this is my signature campaign and not so regularly so design jobs. For low income earners or people with low disposable income achieving 1 bitcoin can be something of a mountain climb especially as the value goes up that is why now as the market shifts down is a good time to aquire BTC.
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I couldn't agree more with the post above. The statement in OP is more valid when it comes to the other altcoins then about BCH and BSV.
If everyone sells the altcoins they got, and I'm referring to the ones that literally has no use (and believe me, there are many), the forked coins will have no impact on the market anymore.
Done, well almost done with almost all the shit cojns i had. I claimed my BCH abd traded it for BTC shortly aftet i got it. Also with a lot of alts i had they went back into BCH, that is the main focus and it should be for everyone.
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Re pensions, i think its a worldwide problem. So many countries have an ageing population with less people to support the pensions. Not so long ago South Korea were trying to promote conception by letting people off work early so they could go home and make babies! I cannit find the article but if anyone is interested here is a worrying report abiut the population crises in South Korea > https://www.citylab.com/life/2018/08/south-korea-needs-more-babies/565169/So in 2030 i hope to not be working a day job at least, and more so well before 2030. I will be in my 60's then so I really dont want to think about it for now. I am hoping on a 5 year plan..............
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Yes. I sat through the entire previous one.
I don't remember any feeling that 'yes, this is now over'. Life returned in a fairly subtle manner.
The really disheartening bit, the utterly dead sideways section after the ultimate low, hasn't occurred yet and that's the one that'll test you. Right now traders can make plenty of money going down. When that's gone things will seem stunningly dull.
Of course the deadest section isn't a bear market. It's a non market.
The one difference compared to the previous one is that in 2014/15 it still felt possible that BTC would dwindle to nothing out of sheer disinterest. I don't believe that's the case any more.
I agree that there will not be a period of disinterest. There are far more people involved and more exchanges and generally more adoption and knowledge about crypto. There could be swings straight to and from bear and bull markets and lulls would be short lived ...... Traders anyway would welcome that.
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Most newbies are currently scared of the present market situation. Just like any other investment there will always be dumo and rise and soon enough crypto pump will come again
What is newbie, person who joined months or years ago? I ask that because many people joined more than year ago, when bull run started, most of this people aren`t newcomers but they still act like they are, they still don`t get crypto. I think bull run will come for sure, for bitcoin and some other coins, but not for all coins and bunch of tokens, most of them, like 95% will fail over time. Newcomers should read a lot before they decide to give money for any investment, for people who don`t wish to think too much bitcoin is always there, don`t think just invest. I was lucky enough to join the bitcoin movement in jan 2017, almost 2 years ago which was the start of the bull run mentioned. I have learned a lot from the forum and i think anyone who joined at the same time are well versed in crypto now. There are those who have only joined crypto in 2018 who obviously have yet to experience a bull run and the next one could be a big one!! for bitcoin for sure but the will be casualties
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It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.
Bitcoin might fail, but the idea lives on to make a better "Bitcoin".
Bitcoin might fail? No way! it has no reason to fail. If bitcoin already reach this point is because it was made to succeed... People believes in it, in the math behind it, and in the decentralised concept it give us, was what the world need and is imposible to go steps back. Bitcoin cannot fail, there is too much adoption already and it promises too much for the future. A lot of people it seems have lost the concept which bitcoin was created for, transferring funds peer-to-peer.
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Nice thread, nice to read what peopke are buying with bitcoin and what they are buying and from where.
Earlier in the year I bought a Turntable from Newegg and spent 0.039BTC that has been my biggest to date.
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There have been times and will be more in the future where bitcoins price will be stable but they are and will not be permanent. As long as bitcoin is tradable and is used as a speculatory tool there will be volatility. We have already come to realise this as the norm.
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Bitcoin will always be a medium of exchange, ir payment system or currency regardless of its FIAT value. We can send payment and exchange this coin worldwide in a matter of minutes.
It is looked on as a store of value because of what it can potentially become a rare commodity with a lot of adoption and a real world usage as above.
At the moment in one perspective it doesnt look like a good store of value especially for those people who are showing FIAT losses but again i point to bitcoins potential.
One of the major issues with bitcoin is the emphasis put on its FIAT value and its difficult not to because so many of us exchange our FIAT into bitcoin so we are looking to see a gain. We really need to forget about that FIAT and think in terms of bitcoin.
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The holiday season and a time of gift buying will see people selling out to fiat. Thats understandable but as the price falls i will be buying.
Its unfortunate if you need money and you have to convert bitcoin at a time when its FIAT value is way down but if its the only way it has to be done but there will be opportunities to buy back.
Staying positive is necessary.
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Looking back over the last 12 months it is clear that bitcoin can surprise us all. It can make big moves, can stay relatively static and can shock us also.
Its not all about the FIAT value though, its also about adoption and usage although some forms of usage has allegedly been used to manipulated the markets by the banks.
There is one thing for sure bitcoin is not going anywhere just yet.
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Im on the forum now for almost 2 years and over the last month or so the level of FUD, negativity and bitcoin death prediction is at an ATH for those 2 years. I cannot remember there being so much negativity.
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Yea sounds like a bunch of kids who havent really thought through the finer details of their threats.
Its a tricky one to deal with on the ground. The threats have to be taken seriously initially and noone would just pay up straight away.
I hate the way bitcoin is being used like this, not good publicity.
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Its still a FIAT system but the whole cashless society scenario is gaining traction. To see a market turning cashless is surprising IMO. I would imagine Most of the transactions would be of small values. In my country we gave "tap and go" transactions payable by card for anything below €30. We dont have to use chip and pin and there is no minimum that i know of.
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The vast majority of people who are serious about bitcoin are looking to the long term future rather than the get rich quick instant lambo outlook.
I think the people who thought about the instant reward have already left this space out of FUD.
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the newbies who were worried about future of bitcoin have already sold and are out. i don't think there is anybody left with major amounts of bitcoin who is also worried about the future. that is why the drops look so weird these days.
Agree, those who were fearful of the recent market drop are already out. Realistically anyone left in is not going to sell now. We will be here again after the next ATH, It happens in waves or cycles, it has happened before anf will happen again. There are some who can react quickly to what happens abd others who are causing the movements.
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-snip- -snip- As you say, being able to trade coins directly and securely from a hardware wallet without having to go through any kind of KYC would be a great step forward. I agree, i like the idea of being able to trade within the wallet while remaining somewhat anonymous. While i may never use the feature i wonder how long it will last before KYC will be enforced, and if it isnt the feature should boost trezor sales.
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