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6261  Bitcoin / Bitcoin Discussion / Re: What are your thoughts for Bitcoin in 2017? on: June 09, 2017, 08:16:22 PM
I think government will accept it soon as a payment.

Obviously, this will never ever happen. What can happen, and it already has happened, is that Bitcoin gets legalized in more countries in the coming years. It will greatly contribute towards more Bitcoin friendliness amongst the average joe people, as it will slowly take away the shady edge that Bitcoin has in the average person's mind. Years of media negativity isn't easy to get rid of, it definitely takes time.
6262  Bitcoin / Bitcoin Discussion / Re: ** Warning ** on: June 09, 2017, 02:05:14 PM
Yes, sometimes people need to be more careful with their bitcoin wallets... It is a good lesson for newbies in bitcoin world...

It's not only newbies that go wrong here. There are plenty of long term members that still don't understand that it's not worth making use of online services to either generate addresses, or to store coins. People mostly go for these options because they value convenience more than having total control over their funds. It's always like this -> people only learn when they end up losing money/coins.
6263  Bitcoin / Press / Re: [2017-06-08] What Happens to Bitcoin After All 21 Million are Mined? on: June 09, 2017, 01:36:13 PM
Assuming that nothing significant will change when it comes to the fundamentals of Bitcoin in the far future, miners will solely rely on the income they generate from transaction fees. At some point, taking every possible factor into consideration, the income that miners will generate through fees, per block, will exceed what miners currently are earning. Not only in coin quantity, but due to the increased price, also in terms of the value measured in fiat. I don't see any problems here as miners will always have enough incentive to continue their work.
6264  Bitcoin / Press / Re: [2017-06-08] This bitcoin investment vehicle could be 'a disaster waiting to... on: June 09, 2017, 12:09:31 PM
There is a 100% premium to the underlying asset, because people are desperate to get into Bitcoin and don't know how.

Is that really the case? In well developed countries it's insanely easy to buy yourself into Bitcoin. I'm from Western Europe, and all I need to do is to verify my bank account, and that's really it. No ID scanning, or other nonsense that you have to go through when signing up at exchanges. I must however note that this service allows me to purchase up to €10,000 per day through the automated system, but this limit could be lifted if I get in touch with them by visiting their location to complete the deal. And yes, it's all legal.
6265  Economy / Economics / Re: Do you think billionaires invest in BTC? on: June 09, 2017, 11:46:21 AM
People here are funny - just because someone is a billionaire by status, it doesn't automatically mean that they will pump huge loads of money into whatever type of investment, and especially not when it comes to something so speculative as Bitcoin. Another thing, being a billionaire doesn't automatically mean that you have a billion in direct liquid funds. Most of the wealth sits in the business they have/are running, stocks, stakes in other businesses, etc. If you for example have $10 million to freely invest, you'll be just buying yourself 3570BTC at current levels, which is something the current market swallows without any problems. But the thing with trades of this magnitude is, they mostly happen off-exchange.
6266  Bitcoin / Press / Re: [2017-06-07] Malware Snatches 13BTC ($36,000) From Bitcoin User on: June 08, 2017, 09:57:00 PM
Wow on the double spend recommendation - didn't even realize that could be done...
You are here since 2011, and you have no clue about double spend 'attacks'? Roll Eyes

makes me feel like that could be an easy double spend vulnerability that someone could use to mess with in store merchants...
Most merchants make use of third party payment gateways, which offers the merchants not only protection against the volatility, but also against double spend attacks. In order to perform a successful double spend attack, the initial transaction has to remain unconfirmed. As we speak, only a very few of these payment gateways accept unconfirmed transactions instantly (obviously only if they have a proper fee included), and only for small amounts.
6267  Economy / Trading Discussion / Re: did you place all your funds into bitcoin? on: June 08, 2017, 09:44:59 PM
Diversification of the assets is the best and safest way of holding our funds.

In terms of stocks, or any other regular investment options, I would somewhat agree, but not when it comes to Bitcoin. I am solely invested in Bitcoin, and thus far it has not disappointed me. I am a firm believer of how current growth is nothing more than peanuts compared to what is still there to gain. Seriously, why would I waste my money on other investments, that will yield me a few per cent at most annually, while the same money could have been invested in Bitcoin, and gained me faaaar greater profits - it just doesn't make any sense to me. Bitcoin is simply the best possible investment.
6268  Bitcoin / Press / Re: [2017-06-07] Will Bitcoin ETF Ever Be Accepted by US Regulators? on: June 08, 2017, 03:00:47 PM
If the SEC remains holding on to Bitcoin's unregulated market nature, which was the main reason they rejected both ETF's, nothing will change in the coming years. The SX ETF had a proper insurance policy set up, that would protect the ETF holdings up to $125M, but even that wasn't enough. Regarding the SEC review, it's taking unnecessarily long to be honest - not sure if that's a positive or negative sign, but I find it somewhat suspicious.
6269  Economy / Speculation / Re: segwit effect on bitcoin price on: June 08, 2017, 02:37:54 PM
what is your price prediction for bitcoin before, (during?), and after segwit activation?
It's impossible for anyone to say. I honestly didn't even think we would reach todays price without having Segwit activated. I think the closer we come to the potential activation of Segwit, the more optimistic people get, and thus the market will move up in advance of what's going to happen. After successful activation, the price will just continue going up, but now without an obstacle such as raising the block sizes to worry about.

And what are your thoughts about bitcoin unlimited (BTU) current price: 200$
It's sh!t.

As I know (correct me if Im wrong) BTC holders will take 2 coins BTC and BTU depending on the price of bitcoin.
In case there will be 2 seperate operating chains after an unsuccessful fork, you'll end up with the double number of coins - example; if you had 10BTC before the two chains seperated, you'll have now 10BTC on each chain, and thus 20 coins in total. But the thing is, one will remain the real Bitcoin, and the other will be nothing more than an altcoin.

Let's assume that the price of bitcoin is 10000$ you will get 7000$ worth of BTC and 3000$ worth of BTU.
If 1BTC is valued at $10K, then you'll still have your 1BTC that's worth $10K, but you also have the altcoin with its own value. I don't understand how you miscalculated so badly? It's just basic common sense stuff.


should I sell my bitcoins before or after segwit?
That's up to you. I personally would not.
6270  Economy / Speculation / Re: If you have 10 bitcoin !! on: June 08, 2017, 11:13:51 AM
If you have BTCBTC 10 BTC BTCBTC you will sold it now with 2800 USD ? or hold it for the future ?

and if you hold it for the future , for how much ..... USD you will sold it ?

Point is that you should seperate your long term holding coins, and the coins that you have for short term trading/speculation purposes. In terms of my cold storage coins, I have been accumulating these coins for years now, and I am not going to sell any of them - even not when the price happens to reach the $10,000 level. My profits come through trading, and are sufficient enough to satisfy my needs. All I do is just trading the volatility, making profits, sending the profits to my cold wallets, and repeat. I don't cash out anything for actual fiat.
6271  Bitcoin / Press / Re: [2017-06-07]Billionaire Investor and Shark Tank Star Mark Cuban Changes Mind and on: June 08, 2017, 10:24:42 AM
In any case... I think there will be a whole lot more hodlers of bitcoin, even if it's just $500 worth each.

Case in point, look at the accumulation in this wallet:

https://blockchain.info/address/1JCe8z4jJVNXSjohjM4i9Hh813dLCNx2Sy

124K coins since August 2016  Shocked

wow.

I am likely wrong, but still it's funny or weird (or whatever else you want to call it) that the first deposit was in August 23th last year, and the last major deposit was in November of last year. Bitfinex announced it was hacked on August 02 of last year, and there were like 120K coins stolen. This address contains 124K coins, and has not seen any major deposit since last year, which might imply that there are no further coins to move in...
6272  Economy / Speculation / Re: Back to 2000$ on: June 08, 2017, 09:53:38 AM
No matter what it is, I see more and more guys like you popping up lately, like mushrooms, and barely delivering any productive content.At least try to back up your claim with some deeper analysis and not just a link!
That is a pretty sad development lately!

I think it's mainly due to the fact that these noobs have missed out on buying at the time the price was still around the $1000 levels. These people are desperately trying to scare people off in an attempt to make them sell, so they miss out as well in case the price goes up further. It's disgusting how people here are trying to make others miss out, or even suffer losses, because they themselves have missed out or even lost. It's an 'I lost, so I will take you down with me' mentality.
6273  Economy / Speculation / Re: How low will the next correction/dip be? on: June 07, 2017, 10:59:39 PM
-snipped a bunch of nonsense-
For the upcoming 24 hours we can expect 2100-2200.

And there we have kwukduck come out of the closet now the price is going slightly down due to traders liquidating profits. It's funny how you turn something that is completely normal in a market that has gone up quite a bit, into something so dramatical/negative. I didn't want to quote anything from your post, but that lousy prediction is something I will shove into your mouth with a bunch of soap, exactly 24 hours away from now.
6274  Bitcoin / Bitcoin Discussion / Re: Please, Stop Calling Bitcoin "Digital Gold" on: June 07, 2017, 10:47:51 PM
Bit_Happy, who do you think you are to decide for people what they should call Bitcoin? I don't care whether or not Satoshi introduced Bitcoin as a peer to peer payment option. Bitcoin isn't just this or that - Bitcoin is whatever you AS PER INDIVIDUAL want it to be. You don't like it, but I'll say it anyway -> Bitcoin for ME is digital Gold. In that regard, please stop telling people what NOT to do.
6275  Economy / Speculation / Re: remember bitcoin on: June 07, 2017, 09:57:20 PM
I look up my cold wallet addresses through blockchain.info, just because I like the current value that it displays, and at the same time the value at the moment the coins were sent in. I think that's a good form of remembering how far I made it. Smiley
6276  Bitcoin / Press / Re: [2017-06-07]The Main Reasons for Bitcoin Price to Fall before Surpassing $3,000 on: June 07, 2017, 09:44:45 PM
Point is that it doesn't matter whether or not it will correct before jumping back up to potentially +$3000 levels. I prefer the price to take its time, so it can build up a decent level of support throughout the entire market. It's almost insane how the price has gone up to where we stand right now, in such a short period of time. It's time for a much needed break aka consolidation period. In that regard, I am happy to see the $3000 level being eaten through a few months away from now - no need to rush things.
6277  Economy / Speculation / Re: Bitcoin price is bubble? on: June 06, 2017, 10:36:18 PM
1. I think this is a normal growth of bitcoin, so no bubble
2. if you want to invest for long-term, yes buy bitcoins now. If for short time, try to wait for a correction.

this is just my opinion based on nothing Wink

1 - I do agree with that.

2 - I do agree with the long term part, but short term wise the market can literally go into any direction.

If you wait for a correction, you risk missing out on a profitable entry point. Remember the time the price nearly reached the $2000 level for the first time? People were advicing others to wait for a correction, where after the the price kept going up and peaked at +$2700. In a situation as this, I would use 25% of the funds to buy Bitcoin at current levels, and leave the rest aside for when the price happens to correct. If the price goes up, you'll have some coins to benefit from the increase, and in case the price goes down, you'll benefit from buying at lower levels. It's basically a win win situation.
6278  Economy / Speculation / Re: BTC outcome shortly after August 1st? on: June 06, 2017, 10:15:38 PM
They probably could support new "UASF coin", but that wouldn't make sense as no one is interested in creating and keeping alive another altcoin.
I wouldn't be so sure of that. From a financial point of view, and then from the side of the miners, wealthy entities in terms of Bitcoin holdings, and also the exchanges that have no moral problems with listing this alt (also from the point of them being major holders of user funds), this will be a killer opportunity to make gigantic profits. In that regard, it does matter where you store your coins.
6279  Bitcoin / Press / Re: [2017-06-05] Cryptocurrencies Resume Rally, Market Cap Nears $100 Billion on: June 06, 2017, 03:37:20 PM
$100 billion market cap? I think you should open your eyes - currently the global market cap has surpassed the $200 billion already! It just shows how market caps are pure rubbish indicators. Seriously, look at these throwaway coins - MalCoin $36.7 billion market cap, and SolarCoin $29.8 billion market cap. At least Ethereum has some sort of a community behind it, capable developers, plus enough market movers. But the afore mentioned coins should be wiped out of existence immediately, that rubbish are they.
6280  Economy / Speculation / Re: AMAZING BITCOIN on: June 06, 2017, 02:55:09 PM
Pretty sure we'll hit $3k today. $4-$5k within a month. Then $1500 a month or two after that.

That's quite a dramatic prediction from your side. Is it because of the potential chain split that you think the price will drop with more than 50% in a relatively short period of time? If so, then it actually makes sense as the market will turn into a complete blood bath, but it will offer people a fantastic buy back opportunity at the same time. I think most of the dreamers here don't look at the situation from that point, which is exactly why they will be shaken out of the market by selling in panic. It's harsh, but that's how things go here - coins from weak handed people always flow into stronger hands. Trading isn't a joke or fun hobby...
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