We can all agree that having grown up with the current banking system of tangible money is familiar and comfortable. However, today rate and people are losing faith in a system that bails out the rich and leaves the the world is changing at a rapid poor to fend for themselves. People are starting to take back their power and are wanting more control over their own money - it’s time to shift your reality to the 21st Century. Can you believe that we are still living in a world where bank transactions don’t go through because it is a weekend or public holiday, what is up with that? We have the choice to move to a peer to peer (P2P) platform that can make instant transfers any day of the week.
That is one of the main reasons in my opinion of why the banking system is still very powerful, people are so used to the existence of banks that they do not even question it anymore, they just believe that is the way things should work, but bitcoin is going to change the way people think about it and is going to make them to ask some very difficult questions, like why the rich are always rescued from their mistakes with the money of the poor? If they make mistakes they should be allowed to fail but instead what we get is that the governments protect their friends and use public money to cover private losses and that is completely unfair because when they are making billions of dollars they do not share anything of that with the public. The problem is that there is so much woven and dependency on the banks that it will be very difficult to change. Im talking about mortgages, loans, utility bill payments, salaries, these are all interwoven into FIAT banking. Bitcoin has not really disrupted these services yet, it can only disrupt peer-to-peer payments but the future is bright. |
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I still don't understand the bitcoine. Seems like their one sole function is pure speculation.
it has nothing to do with bitcoin's "sole function"! your mistake is hanging around places where people keep talking about its price. it is like going to a bar from dawn to dusk and then say every person in the world is a drunkard! start hanging around in other circles such as developer's circles to see the technology growing, the merchants like visiting lists of merchants accepting bitcoin, visiting decentralized market places that thousands of p2p trades using bitcoin and some others are taking place every day,... and your perspective will change. You are right BrewMaster but a very high percentage of people now can only relate to bitcoin in terms of a FIAT value. There are others who cannot look 5 or 10 years ahead, that us too long for them, its like trying to picture where the universe ends. While all the time there are small positive progress being made in the bitcoin scene. |
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There are two alt coins i am adding to at the moment while the market
is down. Two old reliables, litecoin and monero.
Im not too confident though that the market will recover in January,
nobody knows really, we just have to make the most of the present.
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Its funny how nobidy has nentioned the blindingly obvious projects
with a wirking product and good adoption. You know them all......
Litecoin, Monero, Dash, Zcash, Bitcoin Cash, abd Ethereum which
some have mentioned.
Things havent changed, newbies are still looking at those cheap
coins hoping for the 10000000000% rise.
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There is a lot at play at the moment, those who want the price to fall so
they can buy, those who want the price to rise, those who dont care
because they look to the future, those who made the wrong decisions
and who are sore. One thing I believe is that as soon as bitcoin
gathers momentum in a positive way everyone interested will jump
on board, it just hasnt started yet and could take a while too.
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Its a tricky o e, if you are a newbie its difficult to know what is fake and what is real.
On this site I wouldnt be listening to anyone who joined after june or july 2017,
instead i would be following those who joined in the early days. That would give me
a fairly good sense of the current state of crypto.
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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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