Keep it sitting idling without doing anything. I used to trade in order to increase the amount but looking at the alt coin development, i rather not take any risk. Bitcoin has the potential with the price going up further so that's another i rather leave it there not doing anything
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For bitcoin, 5 years is considered a very long period of time. Anything could happen like for example total economic collapse which makes bitcoin being taken seriously as an alternative currency. Or the popularity could even fizzle out making it worthless someday. Whatever it is I imagine it could end up either very high by 2020 or even worth nothing by then.
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For it to go up to 1000 i hope there is a real good real reason to it. and provided there is a strong fundamental backing the increase we should be able to judge from there and determine whether it will go up even further. Seriously if it does get to 1000, probably i would probably consider selling a small portion to recoup my investment and the rest leave it there to see how high it can go.
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Are we short of supply? All i can see is oversupply and certainly not the other way round. With all the zero at the back i don't see it turning into liquidity issue. More over i can imagine when price per bitcoin becomes too high and i mean insanely high as what you mention, it turns into more liquidity issue than when it is low.
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Unless bitcoin goes mainstream we still need banks to process all the fiat transactions, provide loans and stuff. And the whole thing actually revolves around debt and these are what keeps banks alive. Until then there is no harm if btc exist alongside fiat.
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I'm not against the idea because basically in the end what we want to achieve is to be able to handle anticipated increase in the number of future transactions. More over this would also be positive in terms of making confirmation become faster. The only worry i would have is the side effect from orphaned blocks. We are talking about cost here per btc
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I'm not sure whether your interest is purely gold or bitcoin but nevertheless the best way is still to diversify and put your holdings into both. You can actually convert your btc stash directly to physical gold coins and sites like amagimetals actually let you buy using btc.
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Depends on how the law in the country defines it. If they make it illegal to gamble with cash similarly they might also ban gambling with bitcoin. The point is how they define it and then control it. Regardless, people will still find a way to bypass the system and it won't matter if it is cash or bitcoin in the first place
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Nothing is firm at this stage. People might be buying in response to the expected halving or it may be due to other reasons. But one thing we haven't discounted is the fact that miners are still holding on to substantial amount of bitcoins in their stash and will be ready to sell if the price goes higher. That is something we need to overcome before we can see price climbing further upwards.
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Have you ever consider the point that right now for each block solved, the miner is rewarded with 1 btc or equivalent to 100 million satoshi. At current price that is 240 dollars per btc or 0.0000024 dollar per satoshi. As you can see it's too small for a number not enough to represent a cent. The scenario that you explain can only apply when btc price goes way up to make 1 satoshi viable to be used to represent a decent number.
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I don't know how they will ensure it's a fairly launched coin the fact that I've never seen one before having achieved that but I see the approach is still not to rely solely on pow but a combination of both pow and pos being applied together. Until somebody finds a better way we still have to rely on this two.
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Think you better work out the calculations carefully because with current difficulty level and rising, unless you have your hardware properly set up and optimized with the cost if hardware and electricity taken into consideration, profit should be razor thin. Moreover with the halving taking place next year to cut the reward to half, it will be even more challenging.
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Mixing doesn't mean if will be for the better and for some reason if the new coins actually originate from some illegal stuff or activities, that could be even worse. Anyway, just wondering if there is nothing to hide then why worry about anonymity in the first place.
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Let me see. First I would say If it goes mainstream. Or if the cap limit is about to be reached. Or perhaps some form of endorsement from a country to adopt it as an alternative currency. I think these factors would be the main driver that will again bring up the price.
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The question i always ask myself is the current cycle that started around 2008 already ended. Perhaps most of you would say that it has but from what I can see we are still very much in a state of decline and to say the least, the economy has not really recover. Whether we might see something similar in 2015 nobody will know but I'm sure many would agree if it goes down again, this time it will be big.
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Well the biggest threat will most likely comes from business stake holders that will see their profit plunged if bitcoin were ever going to move mainstream. It wouldn't come as a surprise if they are the one plotting bitcoin downfall. All the negativity and hype surrounding bitcoin is perhaps the best strategy they will use
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If it is going to be Pos and reward people holding onto bitcoin I'm afraid we are introducing more supply to the market right now instead of trying to achieve the opposite. The system of pow isn't perfect and neither does adding pos is going to help either. And how about the cap limit? We have to consider on that as well.
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Even if they have the choice to create and maintain a new currency fully backed by the assets, what makes you think they are going to move towards that direction. It will mean losing asset if the so called blockchain based currency gets controlled by some power hunger entity and that's it. Somehow the most viable approach still goes back to what they are doing right now even if it's the only way.
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If you have the fund to protect yourself against losses, yeah why not. It's a matter of how much you can make and whether you are willing to let the fund sitting idle in your account and wait until the price is right before selling. If you aim big margin trading is the way to go.
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They should have made a documentary about you instead of Morgan Spurlock that shows how you survive solely on bitcoin and interview why you have come to that decision. Well what can I say, just admire your determination and your belief in bitcoin.
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