|
I cannot see having a Hero or legendary account being able to provide an income from it. I mean at the most you would earn .05 of a bitcoin per year in the grand scheme of things, it is not that much. I see it as a bonus for doing a very part time job.
|
|
|
|
|
each bitcoin transaction is irreversible! that is one of the key features of bitcoin, it cannot be messed with, no shady refunds so that it can be manipulated and possibly be spent twice.
|
|
|
|
|
well this is an interesting thread, thanks for posting, I was not going to get involved with bitcoingold, i will be getting rid of it for sure. the important line i take from the op is don't buy bitcoingold, dump it
|
|
|
|
Guys the problem is not that the price could go to zero if he decide to sell all the bitcoins. The problem is giving so much power to a single group o people.
but who is to stop anyone or any group of people from accumulating such an amount? Satoshi probably does have upwards of 1,000,000 Bitcoin actually. That amount is kind of an illusion though, because it would be almost impossible to sell that many in a short period of time. The value is mostly conceptual due to this. Sure, it is worth ~$5,000,000,000, but in reality he might be able to get a few hundred million of that out before the market tanked hard. So I think generally speaking is the case with most early adopters.
yes i think once the dumping of those coins happens the market would react and would spiral downward leaving each sale after less valuable than they started with, still hugh profit to be had though and leave the rest of us with nothing. |
|
|
|
|
Personally I dont think so in the near future, possibly when bitcoins price goes to hundreds of thousands maybe, but how long will that take? it also feels like the people with the large amounts of bitcoin and who are trading it can manipulate the markets to a degree which enables them to make even more. When you have wealth you can earn more quicker than people with none.
|
|
|
|
|
i agree, and to add to this maybe a lot of the influential people from the financial world have to be seen to talk negatively about bitcoin while they possibly dont really believe what they are saying
|
|
|
|
|
Hello deadley, I have become a member also so I would like to avail of a possible member slot. I have updated my signature
|
|
|
|
I have been to some of the cryptocurrency reddits including r/cryptocurrency and r/bitcoin. There is this usual agreement that Alt-coins are Shit-coins and a general show of contempt towards them. I feel this is a disservice to the cause of wealth redistribution touted by Bitcoin enthusiasts.
when almost all the altcoins are completely useless, and then the rest are only alive with hype and false information and pump and dumps nothing else is expected. people consider this behavior as "shit coins". there are of course good coins too but they get buried under all the shitcoins that come out every day. it is a reality not to do something like you suggested i think this correct, there are good ico's but many many more. I also think there is a negative trend in thinking anything other than the top 10 coins is a shitcoin. Some people have presumably been hurned badly from some ico's |
|
|
|
|
I will not be panic selling either. A quick analysis on coinmarketcap will tell us that the risesnand falls in the market is normal, so there really should be no panic
|
|
|
|
This doesn't mean much to me, let's see how it's doing after a few weeks of trading.
granted the ico's might not go that far in the longterm but in interesting fact is the quantity of $'s pumped into these and in such a short time |
|
|
|
If I remembered correctly, I think Basic Attention Token (BAT) might be the fastest ICO in cryptocurrency history. It sold out 35 million dollars worth of BAT in under 30 seconds. One whale bought 200,000 Ethereums worth alone and spent over 20 ETH for gas. This ICO will be hard to top.
this is actually quite an interesting board. and i am shocked to read of this ico selling so fast. and actually all the ico's noted here have had a shocking amount of $'s invested into them in quite a short time frame. |
|
|
|
|
I can vouch for the Electrum wallet for bitcoin. i find it versatile and very easy to use. there are multi wallets that can be created and lots of seperate Bitcoin addresses on hand.
|
|
|
|
I just thought about a little theory. When I usualy tell friends or people in generall about cryptocurrencies and that they need to inform themselves about the subject the feedback is 90% positive. People realize that cryptocurrencies is the next "big thing".
So back to my theorie. In recent days there were a lot of discussions about Jamie Dimon CEO of JP Morgan spreding FUD. So if he actually gets people aware of crypto even by bad puplicity won't it be positive for the market despite causing a price drop by panic sellers.
So do you think even bad news about crypto in the wider media will drive the market up in the long run becuase it makes people aware?
bad news is still publicity and it will rais more interest good and bad in crypto. Wile dimon was spreading his fud not necessarily everyone would trust what he has to say just because he is the CEO of jp morgan. |
|
|
|
|
oooh the title alone of this board is painfull! it is a bit worrying that this has happened. hackers are on a constant mission to break down defences and steal stuff. is there a definitive list of the most secure wallets?
|
|
|
|
|
I'm new to bitcoin and I don't have much bitcoin yet but this is daunting, to possibly loose bitcoin somehow. I suppose once you have the passwords and keys to wallets a hardware or computer crash is not the end
|
|
|
|
|
The block chain technologies are very innovative, no doubt everyone involved would like to see it progress into the future with new skills, new applications but it is sensitive to bad news
|
|
|
|
|
It seems like there is a lot of altcoins being liquidated into bitcoin for the gift of free bitcoin gold. This could push bitcoin to and over the $5000 mark
|
|
|
|
|
I missed out on the bitcoin / bitcoin cash fork. From looking at the movement of it on bittrex it is suffering now because of the new upcoming bitcoin / bitcoin gold fork
|
|
|
|
|
Yes it could be because of the bitcoin fork, people want to get free coins so there could be a lot of trading from altcoins to bitcoin.
|
|
|
|
Go ahead with your investment in Bitcoin, probably the safest long-term investment in cryptocurrency than any other coin.
No matter how much (or little) money you put into it, you will come out as a winner.
I can't say anything on Litecoin as I personally haven't been following it much lately though.
Buying like a blind investor is not a good idea. He needs to find a dip point to buy bitcoins. For this, you need to watch the market news very closely. I disagree, that he needs to wait an watch the market, that depends on the amount of bitcoins he wants to buy. Anyway if he buys now and the price drops its just going to go back up. Bitcoin might go to $5000 before the fork and might fall back again but rise also |
|
|
|
|
Show Posts
