I think LTC will serve as a backup for bitcoin, and it will stay here long term.
If something happens to BTC, LTC will take its place.
However I still think NXT has better future than LTC.
I think if something happens to BTC, LTC will suffer too because they are very similar in technology, in fact LTC is just a fork. The are not different enough to serve as a real safe haven in case BTC enters some sort of fatal error (which is not going to happen anyway, not realistic enough of a situation). |
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I am really disappointing to see Darkwallet project being stopped. It was my big hope to see Bitcoin working as originally intended by Satoshi: p2p internet cash. Unfortunately it has become more and more regulated. We need people like Amir to get Bitcoin back to its roots of a true p2p cash system and as fungible as possible.
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Their plan is to centralize Bitcoin as much as possible (hi XT) so everything is controlled, then use the technology at their will. Down the path they will make it closed source and everyone will be fucked for life by then. Hopefully they dont succeed.
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I suggest you raise the rates a little bit to give an edge against the Bitmixer.io offer, otherwise every single Sr Member will move to Bitmixer.io where you get paid instantly thanks to their automated bot without needing to withdraw for an exchange.
Also, I think the price may stabilize at around mid 300's before we see the rally continue.
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You are talking about official figures. This is like trusting that the Forbes guys are the richest guys on earth. Im pretty sure they are not. There must be families out there that have hundreds of trillions, Rothchilds, Rockefellers... in classic paintings, statues, jewelry, tons of money out there that goes unnoticed. Also the USA debt is 20 trillion. It can happen, but I see 100K per Bitcoin as a fact already, we are just slowly walking towards it.
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Frankly, this isn't a surprise. There's no VAT issue with BTC, the real issue is tax on capital, but then it would be tricky to enforce. Unless you're an early miner selling a large quantity of BTC, the average BTC to cash transaction will go unnoticed.
What if you sell very slowly? Like every month you sell 200 dollars worth of Bitcoin. Would those miners still end up getting caught by IRS or whatever the Europeans have over there? I think this is the case because at the end of the day, fiat transactions stay logged within the banking system. They will eventually ask were is all this monthly money coming from I assume. |
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The higher it reach the faster it falls? I hope not in this case. Is there are any news about bitcoin which explain why price is skyrocketing right now?
I tried to search it, but there is nothing certain. I think price increase was caused by these elements: new EU VAT law, general positive news stories and launch of Winklevoss bitcoin exchange.
No. Those topics were for the sudden increase last week. This steep slope upwards is something else. Could be from all the movement in China over the weekend of selling and buying at a frantic rate causing such an increase this week. Hard to say it is still early in the morning and I don't think their exchanges are open right now. We'll see tomorrow if this feverish trend continues on. Up to $379 now. I think that if we use fundamental analysis the biggest factor out there right now must be the fact that China capital controls are screwing up a lot of people's wealth, which means tons of money is going to keep coming into Bitcoin as they see Bitcoin as the ultimate safe haven with the ultimate features to transport money all over the world. And second, the US debt ceiling will reach its climax this week, particularly around today. A lot of bad news for fiat and a lot of good news for BTC. |
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By pure supply and demand, and considering that only 21 million Bitcoins will ever be out there, and more importantly, you have to consider all of the Bitcoin that got lost and therefore shrinks the supply even more... you can foresee that if the demands keeps growing, the only and I mean only way to go is to go UP. There are no questions with this. Supply and demand is a fact such as Newton's gravitational laws. Now, how high can it go? No one knows, just sit back and watch.
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This is pretty huge. Anyone knows what key combinations you have to press to make the symbol appear? I wish they would release a keyboard with a more accessible key combination (for example a simple shift + a number one like we use for $), and the key would show the BTC symbol. We need to make it a standard in every keyboard on the planet.
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It seems the OP's forum profile is not there. Did the forum allow for guests to post anonymous back in the day? It's pretty strange that I keep clicking on his nickname but there's nothing there, just a text that says "Anonymous" and doesn't redirect me to a profile. Can anyone explain this to me? Also unfortunately, I think OP might have panic sold already.
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http://www.bloomberg.com/news/articles/2015-11-02/bitcoin-is-suddenly-surging-againGreat stuff. They can't say anything but admitting they were wrong when they said it was going directly to 0 and would never recover. All those mainstream media guys are going to go gradually more pro-Bitcoin over the next months to not look really stupid, just wait and see, we'll have soon a lot of discussion on Bitcoin even on the worst mainstream device of all times (TV).
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i dont have enough bitcoins to hold in my opinion
Whatever you have if you are holding that is counted too. Personally i am holding and probably not selling in the near future. Because i can earn more if i sell after few months, because fiat has the same value comparing to bitcoin. The best way to go about this is the good old B&H one, namely buy and hold, buy monthly some of it, at whatever price, no matter the price just always buy some, that's how you keep building an stack and overtime you'll realize every single buy was a cheap buy. |
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Idiots! that will only make the volume go higher. Didn't they already learn from what happened in Russia once Putin banned Bitcoin?  At what point will governments realize the fact that this technology cannot be stopped and that the only way to go is to go UP? Embarrassing presidents not understanding anything as always. |
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I will pick Bitcoin because it price consistently increases.
The price of bitcoin is not stable at all. In late 2013, it was $1200. 6 months ago, it was $220. So the price does not rise always. In the early days of any economy it's a given that volatility will be insane. The positive side is if you are patient the uptrend will eventually come and if you've been working hard to stack on Bitcoin you'll see massive profits. Im not selling anyway, I will die with at least 50% of Bitcoin my portfolio. All or nothing with this. I know that with Bitcoin, if you sell you will regret selling eventually. |
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Create a pre-cracked version of a software intergrated a cpu miner and make it auto-mine a CPU coin then send all you got to an exchange then trade it for money  You would need to make a AV and antifirewall/malware prooft software that can go worldwide and expand. The CPU power from the average joe computer is nothing, you would need to go global. It's norealistic. All those Bitcoin miners are already neutralized by most anti malware software out there. |
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Did you guys the read the article? He is actually making fun of the banking industry and pretty much every other idiot that is claiming that Bitcoin is irrelevant and that the technology will get used by these banksters for their own benefits (without the necessary token that makes an actual blockchain work). Erik does an excellent job in pointing out this idiocy on his article. When people wake up from this, we'll see the biggest bull rally mankind has ever seen. When it "clicks" inside a person's brain why Bitcoin is important, there's no turning back.
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Whats stopping them  Why fear of course  People are afraid of things they don't understand. And unless you do some research and actually hold some bits you won't know what it is about, this is to the ones who never put much serious thought into using it before. I guess those bad experiences and bad stories are what stopping them. Bitcoin was really high when it started and it really fell from like 800+ dollars to now. The media is doing a good job into keeping people away too. I was talking to some friends today that work as investors in some trust funds and they were interested on Bitcoin but scared because it was often mentioned in stuff related to drugs and extortion (ramsomware). They want to keep people away just like they did with the internet in the early days. |
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We are not responsible for your inability to understand fundamental facts about bitcoin scalability issues and centralization. It seems that you keep supporting bigger blocks. For the last time, please understand that our hardware is not capable of handling bigger blocks. This will be devastating for bitcoin, and will turn many people on altcoins, which they have the same scalability issues or even worse.Ohh wait! How convenient! Your nickname looks self-explanatory. LiteCoinGuy, how many litecoins do you own? Well not everyone is invested in LiteCoin, which is just a copy of bitcoin, and 2.5 minute blocks make it even harder to scale compared to bitcoin. I'm not sure where you life so that "our" hardware is not capable of using bigger blocks. In practically all countries i know it would be no problem at all. Might depend on where you live.  There's the rub. Some countries have miners with the advantage of bigger blocks and some have miners with the advantage of smaller blocks. If you get away from the hardware issue and focus on the end user, then more tps and larger blocks becomes evident. Not really. What you describe would be some stoneage country. Every computer nowadays can deal with it. And we surely don't need to make sure that bitcoin nodes can run on a C64, don't you think? One can go too far easily... It takes more than computing power to support larger block sizes. Some countries can't handle the bandwidth of those large blocks to propagate them. You don't even have to look into other countries: 50% of rural americans wouldn't have the connection to handle 8mb blocks, that's roughly 30 million people in the United States alone. In countries like Russia (not Moscow of course) and all those ex soviet countries (ukraine, belarus and so on) internet is still very limited in big parts of the population. Venezuela and all those south American countries are also stuck with really poor internet connections. We need to be able to see nodes coming from those places too. |
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Bitcoin is going to get compared now to anything that has to do with internet banking. It will be forever the first ever incarnation of money 2.0. Money 1.0 was gold, money 1.2 was fiat with credit cards and banking, money 1.5 was paypal, no we are going to money 2.0. And im pretty sure at this point no other project is going to surpass Bitcoin to do this job.
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