If you're actually USING BITCOIN properly. For a long term investment think cold storage
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OH NO IT'S TERA
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Possibly something that doesn't require all this brute force mining .
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All the news outlets are constantly looking at the latest information so they can publish the next hot story, sometimes copying other news outlets. This proves nothing about the legitimacy of the story.
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My family thinks it's this dodgy high risk investment like a tech stock. Some of my friends vaguely remember it as linked to drug markets and actually think that bit coin itself was shutdown buy the government in 2013. My dad is bullish on it due to the all the wall street press. Even my grandfather told me about how he read a news article. However, nobody actually has the slightest clue about how it really works.
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Thanks guys. Though I haven't decided yet if I'm actually going to trade this time, or just hold some unleveraged coins offline, partly because I don't know if I can trust the exchanges anymore.
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I actually don't really expect a drop below 300 except for maybe a quick flash crash due to really bad news or another bear whale, or if btc fails. I do expect a 2+ month consolidation in the mid 300s.
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My favorite thing about bitcoin is that it's the only asset that can't be stolen, frozen, or destroyed by a government, thief, fraud, or natural disaster. It's like an overseas gold account, without the custodian, or the gold. Prefect doomsday material, unless the price collapses.
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Over the rally from $350 to $425, the bid walls on bfx steadily grew from 35k to 41k. Now suddenly they are down to 31k. Speculations?
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I have to say that what excites me is the market reversal, volume increase, and resemblance of charts to 2012 to give hope for another moon shuttle. But everyone saying Satoshi has been found is an idiot.
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As a trader , I often dream about charts. I took a break and haven't checked the bitcoin chart or known the price since June 2014. During that time, I had multiple dreams that I'd finally open up the charts and either it would be crashing in the 1XXs or rallying in the 3XXXs. One of those dreams, everyone in my old office had suddenly taken up btc trading and had btcwisdom loaded on all their screens.
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2.
-generate very long random seed and write it down using pen and paper -hash the seed with one or more mental passwords to form your private key -compute wallet address from private key and put it wherever you want -put away the paper in a safe place -destroy all evidence of the private key and the computations -do this all offline in tails. Restart when you are done
-go online and send 0.01btc to the wallet address to make sure it works -send the rest
-when ready to take coins OUT of cold storage, find the paper and hash it with your mental passwords to form the private key again and import that into a secure wallet, or sign transactions offline.
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I have a very small number of addresses because all my coins are in cold storage. I don't actually use bitcoin .
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Joe public would not just download a bitcoin wallet to his phone and start using raw bitcoin as his bank account. However, he might use the services of companies which use bitcoin as backend infrastructure, possibly without even realizing it.
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Bitcoin is a 'commodity money', versus a 'fiat money'.
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I was expecting to see Fontas on this list!
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Is bitfinex reconnecting to stamp?
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so what's the word? price goign up rather than down? -_^
It's going up, as predicted by Train Analysis.
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