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100,000+ bitcoin being moved in smaller batches would certainly freak me out
if I was doing it, would be a nice position to be in.
I doubt it is for dumping at this time as we all know its the wrong time, it might
be to shake up the market and create speculation like this thread.
Interesting all the same and interesting how this thread goes.
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All the same general phrases and nothing concrete. It is already good that the G-20 countries are not going to prohibit cryptocurrency, but only to regulate, and the report mentions that the danger of cryptocurrency is not. I hope that the report implies the protection of the rights of users and investors, including the regulation of the activities of ICO, which has long been overdue.
Yes i think they may move harder to try and introduce some form of regulation at the entry and exit points, i.e bank accounts. At the moment there is nothing concrete but by 2020 there probably will be something in order to collect their share of taxes in the name of consumer protection and illegal activity. |
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If bitcoin only goes down in price and never rises why then is it at $4175
as I type this? Because it doesnt always go down. How much was bitcoin
in December 2009?
Stop creating nonsense threads.......
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They know for sure they cannot kill bitcoin and they also know
there is massive gains to be made by getting in at the times
when the market is low to lay the foundations for their investments
while looking to the future. this is happening now or will happen shortly.
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Exactly, and what about physical mining activity around the world,
stripping away the earth, stripping away natural habitat, using vast
amounts of fuel and energy for metals and rocks. There are many
more wrongs being carried out why focus on crypto mining?
I would imagine if all this crypto was controlled by governments
and banks there would be nothing said about the cost of mining.
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Its possible that this is the case because some of the well known mainstream
financial institutions are warming to bitcoin through futures trading and ETF'S
for example.
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Ok, on the nining issue and miners deciding to suspend operations, would this
encourage small timers to start mining?
If i was going to go mining i wouldnt be looking at the cost of mining now but
at the potential future value.
That future value would more than compensate for todays mining cost, have
I got it wrong?
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FAKE NEWS
If Satoshi was back the first place I would imagine he would visit would
be the forum he created himself. Where would that be? I hear people
asking.........HERE
Its not going to happen anyway, Satoshi would be bombarded with questions,
ridicule, accusations etc.
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Anyone i meet who expresses the remotest interest in crypto i explain
what bitcoin is and why it was created in a very simple language. If
That person wants to know more i use simple language to prompt them
to investigate further themselves.
I promote bitcoin by simple language and have "converted" a few
people over the last 12 months, they are still involved through the
highs and lows.
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This is a fantastic idea. All that is required is the coldbit product, a lump hammer, some elbow grease and a little patience. Great way to store a seed and it can be fixed to anything in the house out of sight with 2 screws. Such a simple design, cant believe noone thought of it before. I may purchase on soon, best of luck to the OP.  |
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Of course the markets are looking healthier, they always do after a big
drop, this could also be as suggested a dead cat bounce and we could
see another sharp drop but it will be all right again.
All those who were fearful of the last drop will learn from this and know
not to panic when it happens again, and it will.
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Even though we dont like banks around here what the bank of England
are spreading is real concern. BREXIT is a disaster, it was voted for by
peoole who were misled and a big point was immegration. The BREXIT
vote coincided with terrorist attacks in France for example in the name
of ISIS. There was big fear in the UK.
As has been posted i cannot think of anything positive about the consequences
of that leave vote.
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For me i dont care about banks and governments accepting cryptocurrency
because i will keep crypto seperate, i wont get involved with anything they
provide in relation to crypto. Bitcoin was created so that we could operate
financially to a degree without the aid of a bank.
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More valuable than bitcoin? No
More valuable than Ethereum? Maybe
In my opinion Litecoin is a solid coin with solid development but it will not
be more valuable than bitcoin.
It is also being accepted more and more as a payment option along side
bitcoin so adoption should grow which will increase popularity and relevance.
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BITCOIN was to be MINED, not bought, if you mined your costs were ZERO, if you bought, then you lost.
How come the mining cost is zero?? That is probably true for the initial few people who used to mine bitcoin using their laptops back in 2009 because they didn't have to buy expensive hardwares and got away with a nominal electricity cost. You statement is utter nonsense at today's point of time! Your entire statement would have made sense to me, if you had said that "Buying BTC for storing up and investment would lead to ruin". Because BTC is here to be used as a currency and not as an investment. It needs to be circulated and not to be stored in large coffers. In order for bitcoin to exist it does have to be circulated and behind that process are the miners. Solely accumulating bitcoin and storing them is not healthy for the ecosystem. The ecosystem is still in development though as we all know we need more merchants which would incline people to spend. |
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While there are no guarantees that bitcoin will recover to x amount or
that it will totally fail there is a very high probability that it will recover.
All it will take is a slight push in the right direction for the tiny snowball
to start rolling downhill, and we all know what happens to snowballs
when they start rolling downhill.............
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I am 100% fine with bitcoin being called a token and in my mind that is
what it is. A tomen does not have to be something physical.
The word "bitcoin" is like a brand name so we can use both terms to
describe it.
A simple google search describes what a token can be >
token
/ˈtəʊk(ə)n/
noun
a thing serving as a visible or tangible representation of a fact, quality, feeling, etc.
a voucher that can be exchanged for goods or services, typically one given as a gift or forming part of a promotional offer.
an individual occurrence of a symbol or string, in particular:
a sequence of bits passed continuously between nodes in a fixed order and enabling a node to transmit information.
adjective
done for the sake of appearances or as a symbolic gesture.
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I would like to think that with the next bull run these "institutional investors"
will be looking to take advantage of a possible soar in value to make gains
short term. They wont care about 5 years from now, it will be until the run
ends. They have the revenue to amplify what happens with the market
more so than many of us could even with an orchestrated effort.
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I was very supporting the idea of a currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
here is the reasons
1- Whales control big percentage of the 21 M Bitcoin
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss
I wish I cloud have reached to this conclusion earlier
[/size
This is still happening in other economic sectors. You can see a big company always trying to control other companies the way they want to find the best profit. In Crypto, if you're a low-capital investor, take advantage of the whales by going back and forth to make money. The OP'S post is about value but it doesnt matter really. The ideal way to look at bitcoin is in bitcoin not FIAT so when the markets fall down you really havent lost anything. 1 bitcoin last month is still 1 bitcoin today unless you spend it or a portion of it. |
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The ones that mined 10 years ago are unlikely to still be in possession of those coins, they will be spent or lost in a landfill. Only satoshi still has his old coins but they aren't moving
Maybe Satoshi's coins are in landfill also! Just because we can see them doesnt mean they are accessible, the private keys could be long lost. @OP just because there were early adopters and they were rewarded or bought very very cheap coins doesnt mean bitcoin is a scam. Buying bitcoin today could also qualify you as an early adopter when you look back in 20 years time, its all relative |
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