You can check with localbitcoins.com site their i think you can buy bitcoins without providing ID verification but the buying price can differ from cheap to costly it depends on the market fluctuations.
Yes, I have used localbitcoins.com too, buying BTC in person. For cash. No ID. But even though I live in a big city, it's been harder than I expected to set up meetings (with, of coiurse, perfect strangers). One guy I wanted to buy from also sprung on me after I had riven half an hour over there that he wanted a 12% premium, so I just said no and drove another half hour home. I suppose that being ACTIVE in your local BTC community would help resolve that, but my schedule is so unpredictable. |
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There is another angle here to the crypto/metals holding debate that is missing: ages of the participants!
I am older than most of you guys (even the little birdie, ha ha). It is absolutely true that preservation of wealth becomes more important than future (but uncertain) big gains. AnonyMint/iamnotback has long held that a Knowledge Society is coming, and I think that is probably true.
But, when does this Knowledge Age arrive? If it is in 30 years, I'll likely be dead! I am not going to put a bunch of my wealth into something risky. Some, sure, but not 40% in Bitcoin or Alts. No f'ng way! I'll be diversified, and Bitcoin (or maybe other cryptos, later) will be a part, but most will be in assets that I understand and feel confident about. Assets like our business, our condo, some stocks, some bonds, and of course gold.
I do hope to see improvements among the Alts. I know that there are reasonably good alternatives already out there, but for various reasons I am not interested (illiquid, hard to buy and sell them, etc.).
* * *
Armstrong, as well as his defender iamnotback, have taught me a lot in taking a longer view of financial and political history. Who cares if his EXACT predictions are true or not? Not me.
But, I am coming around to shorter-term thinking in my own assets (I am encouraging my kid to think long-term, she has the time to do so). And many of our assets have already been passed along.
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... I'll tell you guys what would be interesting: getting some merchants who ARE using Bitcoin to to tell us and explain why it works for them. In particular, the merchant I have had the most experience with re buying with BTC is Provident Metals ( providentmetals.com), who take BTC (among other payment methods). They charge about 1% more than the check or wire-transfer price, but less than credit card. My guess is that the 1% more is because they use Bitpay to accept the BTC and exchange it for cash to Provident. Perhaps also there is the risk of an adverse price movement within the 15 minute window they give you to pay (though that would average-out balanced by positive price moves in the 15 minutes). I doubt that many merchants would tell us much, as they want to keep any successful methods secret. But, merchants who DO accept BTC and other payment methods would do us a great service explaining what works and what does not. |
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Sniper44
I suppose it all depends on the conditions, as you yourself just wrote. If your receiving counterparty overseas has a BTC address/wallet, then you're all set, just send him 20,000 £ of Bitcoin. If you are just "sending it to yourself" (about to travel there for example), you are good to go as well as long as you bring your hardware wallet or have an online-wallet (latter is tad dangerous though wigh large BTC amounts).
If your receiving counterparty has NO wallet and/or NO way to convert the BTC into his local currency, well maybe not. Unless he can himself travel or get cash via localbitcoins.
Hope that helps, if I have not covered your situation, feel free to add details.
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"In that case, BIP 141 should lock in by mid-August, and SegWit should be live on the Bitcoin network after a two-week “grace period” by the end of that month."
What is the difference and why It will take that long? the first one doesn't necessary means that SegWit will actually get activated? It will simply reject blocks?
Segwit needs bit 1 to be set by 95% of miners during a 2 week period. BIP-91 doesn't actually lock-in segwit. What it does is reject any blocks that don't have bit 1 set. This means that once BIP-91 activates, all blocks will vote for segwit. Any that don't will be rejected by 80%+ of miners and so will be orphaned off, and can be ignored. From the perspective of (non-btc1) segwit enabled nodes, it looks like suddenly 100% of the miners started voting for segwit. With 100% effective vote, segwit will lock-in and then 2016 blocks later, activate. This did this since it was safer. They have tested segwit locking-in using bit 1. Any node that understands the segwit bit will realise that segwit has locked in, rather than only btc1. One more thing, BIP91 should be compatible with UASF right? so running a BIP148 node could work with this SegWit2x or btc1 downloading is a must?
You don't need to update your client for the time being. Using btc1 would mean that your client rejects non-segwit blocks. The only difference would be that sometimes the core client would say that a transaction has 1-2 confirms and the suddenly it goes back to unconfirmed. Btc1 should give the correct number of confirms. The recommendation is that for the time being, you should wait for at least 6 (or more) confirms before considering the payment confirmed. Even 2 confirms could end up reversed, if they happen to be miners who didn't vote for segwit. Waiting on six (or more) confirmations might indeed be smart in the coming days. That, of course if everyone does that, will slow down the NUMBER of transactions, but that does not look like a severe problem to me, other than those who need speed. So, incoming BTC to me will have to wait a little longer to be spent for a little while. OK. Big deal. And as long as SegWit2x is stable and implemented well, we win. |
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Because there's still a chance. Maybe much much less, but there's still a chance. I personally believe that there is still a possibility of a catastrophic split, so I'm not going to transact anything until the all clear from trustworthy sources.
I have a decent amount of BTC and I don't want to get too cocky with it.
I dont think there s a chance, it would be very, very unprofitable for pools not to signal SegWit2x. As I expected, the support s growing, now it s almost 91%. So why dont these supporters of split stay and mine their own fork? Cause it s a stupid idea and it would generate losses for them. Money is a great motivator, it surpasses all differences of opinions. Money, money, money. Yes, that's what brought the players together for now. Even the miners want to keep BTC price high, and that means just one Bitcoin. Sure, they'll probably try again (Nov/Dec), but for now SegWit2x is looking pretty good. Let's hope the software has no surprise bugs. $2770 current price suggests that many people are confident. |
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I have heard similar remarks about BTC use in Venezuela, it's dangerous, but people need to do what they must to survive. I wish them luck, all of them (miners, users, etc.).
In Peru, NO ONE uses it, and hardly anyone has even heard of it. Which is too bad because we have a business there.
Argentina and Brazil have fairly active BTC communities I have heard from friends.
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Some buying panic setting in, it seems. Price going up $10 per minute (currently $2,445 on Coindesk).
Nice!
This is the last chance to fill your bags with cheap BTC.  CHEAP would have been the brave buyers who got in when BTC was down below $2100 or even lower just a few days ago. I can't get any BTC here (on vacation in a non-friendly BTC town) yet, have to wait a few days. I hope that I can get some before BTC goes to $3000 (making a dangerous assumption that all goes well in the next few days). Stability to BTC would bring in new people and probably more merchants who would accept BTC as payment. They real keys to BTC getting BIG (and price keep going up for a while). Well, you can never tell what will be the lowest point. I was waiting for an even lower price around $1,600, then bought me some once at $2,300. Good luck for your buying, hope you will still get some at a decent price! What do you think are the dangers now? If it looks in, we are pretty much good for now (until November or so). When we get to the big city where I can buy BTC, I'll probably buy $500 or so worth, assuming nothing untoward happens. I think that you are reading this correctly, we should be OK until Nov/Dec. If the BTC price runs up a whole lot (say $4000 or higher), and it gets scary late this year, maybe then I'll cash-out. Too many wankers messing with those of us who just want stability vs. drama. |
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Right now we see a 10% pump of Bitcoin, anyone could explain me the reason? Isn't it going to dump this weekend?
Isn't it obvious? Where have you been for the last 3-4 months? We are about to get segwit and this is the first time that we came so close. If we activate segwit, scaling debates will end for another 2-3 years. That's the reason. At a minimum we *should* be OK until Nov/Dec when ChinaCoin/Ver/etc. might try to fork BTC again. Still, I do not see their logic, they split BTC, everyone loses, everyone loses BIG, including them. That also assumes SegWit implements OK and there a re no serious bugs. Still, BTC just crossed $2500, up $150 since I woke up (visiting Europe). Confidence is returning IMO. |
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Some buying panic setting in, it seems. Price going up $10 per minute (currently $2,445 on Coindesk).
Nice!
This is the last chance to fill your bags with cheap BTC. CHEAP would have been the brave buyers who got in when BTC was down below $2100 or even lower just a few days ago. I can't get any BTC here (on vacation in a non-friendly BTC town) yet, have to wait a few days. I hope that I can get some before BTC goes to $3000 (making a dangerous assumption that all goes well in the next few days). Stability to BTC would bring in new people and probably more merchants who would accept BTC as payment. They real keys to BTC getting BIG (and price keep going up for a while). |
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EDIT: BTC price edging upward ($2360 or so) would hint that you are right in your confidence.
Huh? What do you mean "hint that I right"  I m always right when talking about BTC. I do not give advice often but when I do, I m right. I told people 3 years ago to buy DMD Diamond when it was 18 cents. Look at it now. By coincidence (?), BTC has rocketed to ~$2450 since I wrote above. Hmm, THAT kind of price rise would hint even more that you have an excellent read on BTC's situation. You're on a roll. Keep writing. Maybe $2550 next hour? [This Bearing/Gold/BTC guy does not know enough about other cryptos to mess with anything other than BTC] |
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... Further in resisting the fall of cash, I think I will pop by an ATM and take out 150 euro today, just in case a hacker takes the banks offline (Bank of America had an outage of online banking just yesterday, although to my knowledge it did not affect ATMs). We are touristing in Europe now, how inconvenient if the banks start having big outages... Maybe I'll pick up a small gold coin as well today, smile. "There is always someone around who will take [accept as payment] your gold." Even in Sweden. I'll ask around while there. I'll also look for BTC ATMs that are supposed to be there. I presume you have to use cash to get your BTC...? |
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I hope that you are right, crazyivan.
Your observation that makes the most sense to me is the money! If "they" (anyone blocking SegWit at this point) achieve their goal, then THEY will lose money too. BIG money. And now it is beginning to look like a done deal (SegWit activation soon).
That may be our best hope for relative stability in Bitcoinistan: "Follow the money."
EDIT: BTC price edging upward ($2360 or so) would hint that you are right in your confidence.
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What sorts of events can we expect between July 21 and August 1?
If it looks like SegWit2x locks in (I think that is good, at least it stabilizes things for a while), then what will happen between those dates?
Then after August 1, I presume we will see how SegWit actually works (how buggy, how accepted it is by the hold-outs, etc.). How long do you all think that would take? Two - three weeks?
Then I suppose the NEXT issue comes when Jihan/Ver start raising hell before Christmas (I read at another thread here)...
No more games! UNIFY Bitcoin with proper code that is financially fair to all, else we risk HUGE losses, even to those who destroy the system.
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You're coming here not the other way around.
Who gives a fuck about your benefits.
Feel free to stay at home.
You're very strange. Do you happen to work for Visa by any chance? Or are you the embittered owner of a corner shop who doesn't like counting out their cash? What emotional investment do you have in denying people financial privacy? Jammalan and gentlemand As a disinterested American (other than enjoying the few days we will have in Stockholm), I will check out the city as much as I can and report back with my impressions. I sure as hell do not want a cashless society, that's for damn sure. The single worst step to a 1984-style totalitarianism IMO. Besides, crooked government officials WILL have some kind of alternate system where THEIR transactions are not tracked, that's also for damn sure. Count on it. |
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there is no way roach is buying silver here ... he's trying to unload his heavy baggage on bitcoin noobs most likely.
There is no way I am buying silver here, it's too bulky... It's hard for me to speak for other people. I really do not understand the antipathy shown by crypto fans and precious metal fans (I am both), as they are naturally complementary as (at least partial) hedges vs. .gov fuckery. Government is dangerous, BTC and gold (Pt and Ag to some extent as well, but those two have different fiundamentals than gold) are good diversification to maintain wealth. Zero Hedge's contributor "The_Real_Fly" kicked off a nice set of comments on why BTC is better (safer) than Ethereum, worth a read: http://www.zerohedge.com/news/2017-07-19/heres-why-i-know-bitcoin-and-ethereum-are-bubble-built-top-outright-scamsHe hates both, but I like BTC's focus on being a currency, while Alt ICO's seem to be based on Ethereum. |
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So, what should we be looking for on July 21?
I am as pleased as anyone else that real progress is being made on fixing Bitcoin's problems, but am still a bit concerned that SegWit(2x) may not implement well, have bugs, etc.
And, that was pointed out on another thread, there may be more threats from ChinaCoin/Ver... UNITY would make Bitcoin stronger and instill more confidence among new users and merchants, the real keys to BTC getting really BIG.
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He'll find a way to get out of his commitment. Unless HBO would pay him a lot, AND he has got a very limber back. He is a slippery guy though...
NO, I would not want to watch that were he to keep his word.
But, if his price prediction gets only 10% there $50k, then H/T to him.
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We need to lock in segwit, once we lock in segwit then it's a done deal. But do't be too happy about it, because FakeSatoshi and Roger Ver + Bitmain camp will be back for Christmas trying to hardfork into their garbage. I predict it will be another defeat because only idiots will support ChinaCoin.
Well, I will be happy enough if we get a few months of respite from bogus characters trying to hijack BTC and ruin what has become a reasonable asset (yes, volatile and speculative). Maybe ChinaCoin will not happen if the community finds the likely SegWit(2x) implementation to work out well. If they DO try to bust Bitcoin, then they will lose along with most of us... |
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Great news. How about Klaipeda? We will be there briefly in about a month, but will not be able to make it to Vilnius.
The more BTC ATMs we see worldwide will get more people interested in BTC and strengthen the system.
Bravo!
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