Hey guys, i was wondering how you guys got into bitcoin. Furthermore, who was the first person you saw using bitcoin, and was it them who got you hooked? Personally, my first experience with a fellow bitcoiner was when I was walking through the mall and a boy was busking for bitcoin xD
What about you?
My answer will be a little funny. I was introduced to bitcoin by.... myself. I have all my experience with bitcoin related only to my activity with it. I had the first contact with it through an (totally) anonymous website which offered high profits if you collaborate with that and in which to create an account was enough to give only your email. No name, no surname, no absolutely other kind of data. You entered your email and then your account was created (showing you the username and your password). Within the site was a proposal (fantastic if reading it) and for the realization of which needed funds. They asked donations and in return gave a founder position in their future built business. They accepted only bitcoin as a donation. Here we are. I was attracted by that I have read in their website (within my account) and decided to become founder. Their give some rows about bitcoin and where it were possible to find other news and places to buy it. All the remain time from this February-March three years ago until today is a continuous increasing relation (in learning and using it) between me and this precious invention named bitcoin.
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Say your.
I don't say BTC suffer the IS (inhuman state). For me No. Else $ should suffer it.
I just wanna know what you think about it.
Those kind of correlations have any meaning. What about the terrorist which don't know at all bitcoin? What about the existing terrorists and the terrorism before the bitcoin see the light of the sun? The just said "good people" (and all their brothers and sisters) have nothing to do with bitcoin. As such they used other kind of money. Can (or could have been) be us dollar, euro, pound or the money of the countries of all the world. The place when they live and do their criminal activity. Have heard someone that is ruin some money because of these actions or "reasons"? Never happen. And never will happen. Terrorists and terrorism existed before the bitcoin and as told used other kind of money. Them will exist (unfortunately) even in the future and will use all the possible money in circulation. But this never will befoul the money they use. The money have any fault on itself. Those are a tool that serve to everyone own these. It is their duty this. And cannot decide them to whom will serve. So cannot be guilty for something that don't depend from those. Marked those as guilty by someone only for the simple reason that these were used by the criminals mean that that person is insane or simple a stupid.
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This problem has its interpretations to be made in order to tell all the possible scenarios. In the first view the title of the thread is true. Because more is used a currency in the market more was the overall supply of it in a given time. This for sure can push in its decrease of price compared to the currencies existing or used legally in the same area. For example if we take the euro and us dollar and make us dollar circulate 3 or 4 time (in the area USA-Europe) while the euro only one time, the market will be always full of us dollars and this could decrease its price compared with euro. But in the other hand if a currency (with the aim to increase its value) is taken under the mattress that currency maybe can be forgotten that exist (only to make an extreme example). So needed to be used
The conclusion: use with caution and when have need. Then are the owners of the currency (the State) which think for the other things. Through their Central Banks. Our problem remain bitcoin which have not owner. "He" will be always owner of itself and as such will act at the market following only one law: the law of supply/demand. As such, always unpredictable in short time and maybe (because of other its characteristics) a few in long term.
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So with China devaluing currency and the Chinese citizens looking to get their money out of Yuan, do you think buying BTC will be one of their means for doing so? I dont know much about the capital controls, but if the citizens cant easily take their Yuan and buy other currencies maybe buying BTC will be easier and more efficient for them? This would be very good news for the BTC price. Thoughts?
Sure that it will be, not good, but very good for the bitcoin if the Chinese people will buy bitcoin continuously. Because of the devaluation of yuan or for another reason have no importance. That is important is to buy. That mean increase of the demand for bitcoin and as a direct consequence even increase of price and the value for bitcoin as a currency and invention. Will have more visibility, more spread and again, with big probabilities, further increase of demand because of the reasons given in the beginning of this sentence. Don't needed to much analyse and intelligence to arrive in such conclusions.
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I am also checking the rate but in hope to stay low for while because I do not own bitcoin yet Me to have the same hope for the moment. But for another reason. I have made (without knowing that which would happen then) an investment in bitcoin. The website promise a good profit in time and seemed a serious website. They accepted even bitcoin. But them "worked" (to earn the profit) with us dollar and give the profit in us dollar. So you send bitcoin. They automatically were converted in us dollar after the receiving of those at the website and you see only us dollar at your dashboard. Then they give the promised profit in us dollar and when you send it to your e-wallet (obligatory in the bitcoin gateway) these are converted again in the moment in bitcoin and arrive in the e-wallet in bitcoin. But if during the time when the invested bitcoin are in "work" the price of bitcoin increases all your profit is lost. You will have less bitcoin than in the case when the price was lower. So, if the price go higher and higher you (me) even can lose. So for a while I hope that the price remain at the same level. And bitcoin seems that are "hearing" me. Was stable for ten months. Now he find the time to be increased about 10% since my first investment day. If will continue in this way, bye, bye not only profits but even my beginning amount of bitcoin. Bad luck!
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many people here dont realize that every time they play dice gambling they try to use a strategy they may not notice it but most people do use strategy without them knowing it, one example is that every time you play a dice game you try to see if there is a pattern and try to play by the flow of the pattern you see. theres more strategy you do in dice game without you knowing it.
What are you talking about? What kind of pattern can exist in gambling dice? What kind of strategy may exist in such stupidity? How is possible that you use such words in something in which have not even the minimum of the meaning to be named? How can be possible to write such bullshits? You know that in dice exist pattern and strategies which are followed unconsciously by the dice players. Wow. We have an psychologist here. Specialized in the human gamble dice psychology patterns and strategies. But where is the pattern? In the way in which is hold the dice? Must be hold with two hands? Or put the dice in the head before throw it? Then use the head to throw it. Or must be hold with two fingers and half? Or with only one? Then what is the strategy? To rotates three (or maybe five) times around yourself before the throw of dice? How is possible to exist such kind of humans in this world?
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As the title says, what do you guys think will happen to the price of bitcoin when 21 million bitcoins come into existence? Will the price dip? Will the price shoot up? Will the price hit 0? What do you guys think?
First of all never can be 21 000 000 bitcoin in existence or in circulation (including those in all the e-wallets ready to be spent). Because there are to many lost already (known cases) and even the one million of Satoshi which, is revealed and put in circulation, can make possible the discovered of him. Then according to Wikipedia: "While the number of bitcoins in existence will never exceed 21 million, the money supply of bitcoins can exceed 21 million due to Fractional-reserve Banking". Read more about the "money supply here: https://en.wikipedia.org/wiki/Money_supplyWhen all the possible bitcoin will be produced and there cannot be more such to be make for sure can be an increase of price (if other conditions not connected with bitcoin as an invention will be fulfilled) of it. It is easy to be understood why. There cannot be more increase of supply in the market of bitcoin and there can be always more and more increase of demand for it. This is a classical case which bring increase of the price of the good which is subject of this situation. In or case, of bitcoin. No doubt about this. The only doubt is that this may be in question-mark, if bitcoin would not be accepted or even worst, banned, by the majority of the world countries. In this situation cannot be told nothing for sure and everything is possible.
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Satoshi probably was a small group, which become a bigger group, which then exploded into a huge group of poeple.
who came up with the original idea? the guy that invented money. who cares.
this is bitcoin, these are yours these are mine, they are all ours, we are all Satoshi.
Good philosophy. Satoshi invented the theoretical bitcoin. Then prove its possibility to exist creating it with its computer. Create not few but 1 million such and lock those there where only him know. Then offer everything to everyone who wanted to be part of its "product". Here entered in scene the other Satoshi. Without whom bitcoin would still be only an invention like hundred others. That new Satoshi arrived do the same things like him and make a mountain of coins. The story continue until in our days when, this strange invention, without any kind of support for any kind of important powerful subject except the simple people who like it for various reasons, has an surprising value. And the OP has reason. This value cannot be such without the support of the other Satoshis who make it the big thing which is today.
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I don't think that he is Satoshi. I am not able to judge the "facts" which are found and even how credible must (might) be who discovered and judged that those as true and testify that that person is Satoshi. But I cannot believe that a person like Satoshi who was extremely reserved during all its public life (when was "public" person) present his identity in such way and without having any reason to do this. He, if wanted to do something which has to do with bitcoin (seeing the various divergences between its core developers and the situation of Bitcoin Foundation) could followed again the same way of communication had before. Or even privately with everyone involved in the development of bitcoin or that have importance on it. But telling something without being asked about it and in that ridiculous way make me think that him is only a narcissist and clown or a person who need visibility and being adored. Maybe even a little unbalanced person.
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Everything can be possible but I think that the owners of google have no need to mine. They have mountains of money and don't know what to do with those. They have already even a world class business which is the first ranked in its field. At the end I cannot believe that they can do something that can make bad to bitcoin and to its community. Have no reasons to do this. The power they will gain if will mine bitcoin (if decide to mine with this kind of computer) will give them nothing that them have not already. Or that cannot buy already. So, I don't see any threat of the Google computer for bitcoin.
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The people that are making money consistently through gambling are called grinders
I don't think that exist such kind of people of players. Are only urban legends. They exist and they are alive. You need to open your eyes more about this stuff and read how many proffesional poker player that make thousand of dollars atleast per week and millions per year. Their name exist, you can simply google them First thing is that even if exist such players, are very few. Maybe can be as few as the fingers of one hand. And never such figures can serve as example to tell that gambling (any kind of it including the poker) cannot bring loss in long term. Cannot be 5 or 10 or even 100 people representatives of all the army of million gamblers who for sure lose in long term if gamble. Then the second one is that, even those one day will lose for sure. There will be always new entries more capable then them in this kind of gamble. The firsts cannot accept this and will continue to play until will lose all their profits. Or at least most of those. Here we are. Even the champions now are ex champions and losers in long time in gambling.
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AI's are made by humans, people, they only do what they are programmed to do by people.
Unless someone makes an AI that's programmed to replace all humans (which I doubt) you shouldn't be too worried about it.
In the last 5 - 10 years us humans have been replaced a bunch, a lot has been made to be automated by machines and robots. Investors in these machines and robots believe that the machines and robots are cheaper to buy rather than to pay humans off.
I don't think it will take 5-10 years to achieve something significant in the artificial intelligence field. But it will eventually happen, and people will create sentient AI in the future with the ability to learn. What will happen then it yet to be seen, opinions may vary. We could end up with our own SkyNet or Matrix. a self learning AI is quite dangerous, if its able to understands human feelings that will be the start of the threat.but to be honest if humans make a sentient AI im pretty sure they will put a safety measure like, fail safe if it start to do something suspicious. There are two radically different position in your post. First you tell that "a self learning AI is quite dangerous, if its able to understands human feelings that will be the start of the threat." So an AI which can be a "thinking and with feelings thing" it is dangerous if we read this sentence. Then you do a 180 degree turnabout telling that " but to be honest if humans make a sentient AI im pretty sure they will put a safety measure like, fail safe if it start to do something suspicious." So reading these words of this sentence can be understood that an AI cannot be a danger thing because the human will think to make it safe and to not be able to make bad to the human kind. What is your opinion? It is or it is not dangerous the AI? Seems that according to you not (reading the end of your post). The question that "haunts" me is: if you know or understand that an AI cannot be a dangerous thing for the human kind, like you write in your definitive last sentence, why tell at the beginning that an AI "IS QUITE DANGEROUS" (so is FOR SURE dangerous) and not "MAY BE DANGEROUS"? For what reason you first present one conviction and then another one totally in opposite with the first? Cannot be understand this kind of expression by me.
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Switching from the old top, 400$ is now the new botton. Buying wall of 2200 Coins on Finex at 400$. PANIC BUY now.
Cannot be never sure. It will be good if it will be so but with bitcoin nothing is sure. Never. Especially is this phase of its "life". There are given signs of stability during all the previous year but I am yet unconvinced about its maturity as a currency. He have no owners who can take care of it (price) so everything will depends from the market. And the market don't know rules. Or better: know only one rule which is: the price depends only by demand/supply. No one can predict such concepts in figures. And for bitcoin even as a trend. So calm and hope. These must be our reactions regarding the price of bitcoin and its move or value.
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Here is my theory. The first big Btc boom coincided with two things, christmas and Silk Road. I am sure lots of people were getting ready to party and Btc just happened to be the easiest way to order stuff from SR. SR gets busted and no real big booms again. Now its in the lead up to christmas again and the price is going up again. Coincidence? There are probably dark net sites somewhere causing the boom.
With much probability will go down. People will want to buy gifts for Christmas. The holders or owners (is the same) of bitcoin will want to do so too. They will try to use their bitcoins to buy presents but are very few the possibilities to buy Christmas or not typically Christmas (but yet) gifts and the only way that they have to have their gifts is to change those. This action will increase the supply and normally the price should go down. This is theory and cannot tell that it will so for sure. For example the amount of bitcoin added to the market can be very few and not important (unable) to influence the price of bitcoin. Anyhow, the most big probability of the trend that could have the price of bitcoin for Christmas, would be more going down that going high.
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People should use bitcoin because it has more potential to grow rather than other any currency out there. It's easy to use as well. Bitcoin has more potential in future.
No, I think that for more people, they do not understand Bitcoin, it is more difficult to use Every new thing normally is unknown thing and as such, difficult to be understand and maybe even to use. But after a few time everyone who want to learn about that or have need to use that is able to use it without problem. Let make as example the computer. At the beginning the use of it was only from the scientists and academic people who belonged e restricted area or fields of knowledge. Today is not strange to find even very old man and women who passe their time in front of an computer. In other words being difficult for something new doesn't mean that cannot be adopted. Maybe needed more time to be adopted but everything can be learn. If not so the humanity wasn't arrived here where it is. Without the new (and difficult) things we all had been at the Iron age.
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Which other cryptocurrency would people choose if Bitcoin would fail?
For sure that which know better in that moment. Or that which use more in that moment. Or that which have more in that moment. Or that which will be recommended by his best friend. Or that which will be more valuable in the market in that moment. Or some crypto with which is obsessed in that moment. Or.... who knows which. May be hundred and hundred the reasons which can make someone to chose one or another one. Maybe after a few will win the most connected coin with the various business. Because will be those which will rule the market. Or maybe can be some and no only one. Because every crypto can have its supporters and can preserve or increase its part of market. There are actually t many new currencies which compete in price with Litecoin for example (which was always second and following bitcoin). So it is something that cannot have answer the question made from OP according to me.
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Has anyone been in a position where bitcoin was the only possible way for you to pay for something (or would have been if it was a payment option)?
For instance, trying to shop online outside of your country, or buy airline tickets, your card is rejected or doesn't work, and bitcoin would be the only feasible alternative...
I had this recently while traveling in South Africa, ran out of data on a Sunday, phone shop was closed but managed to use a local wallet to top up my data plan in about 5 seconds...
In the real world never. First of all at my country bitcoin is know very few and to many of those who think to know it have heard only its name and are such that even don't know well what it is or for what serve. So here it is impossible to be verified such option. As for the traveling I travel very few (to not tell that don't travel at all). So have not real possibilities to have such kind of experiences. But even online (where bitcoin can be king) I have had only one time, verified about three years ago, in which I was obligated to pay only with bitcoin because the website which offered an earning opportunity and I wanted to be part, accepted only bitcoin as a way of payment. And, imagine a little, this was even the first contact of me with bitcoin. My presentation with it. Followed then with my passion for this big invention.
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I think the title says it all... what are your favorite top 5 businesses related to Bitcoin, or services of Bitcoin. And can you explain why?
First of all is Coinbase. Fantastic wallet with to many options and benefits that "I think" don't offer any other bitcoin wallet. I write "I think" because I don't know if this is true because have not knowledge about the qualities of all the bitcoin wallets in the market. At Coinbase all the fees are paid from the wallet, 98% of all bitcoins are saved offline (so no one can do nothing to my coins), all the bitcoins stored on their servers are covered by their insurance policy etc. The second one is blockchain.info. Offer very qualitative and intuitive easy to understand bitcoin services compared to similar sites. I had even a bitcoin wallet with them at the early beginning of my story with bitcoin. But then move to Coinbase primarily because the fees. At blockchain.info the fees of the sent bitcoins must be paid by me. At Coinbase are paid from Coinbase. Then understood that Coinbase offer even more. The options given above. The third one is Blocktrail. I don't know very well this site which offer wallet and other services regarding bitcoin. But I like their bitcoin explorer because of particular data that are given (as i know) only by this explorer (for example the catch of a double spent bitcoin). I don't know if blockchain.info give this info but if yes then I cannot give other reasons about the why i like this third site. Have no other services or business related with bitcoin known by me to be named. Anyhow remain to be at the fourth and fifth place Microsoft and Dell which accept bitcoin as a currency for their products. In some way even those are connected with bitcoin. This is a very good publicity for this coin and help very much in its spread.
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Just wondering why people use so many Bitcoin wallets.
According to me every of them who have more than one wallet want to try several wallets because first thing is the desire to prove always the new ones put in market. Then to find the difference between those and use the best one (according to everyone). Or maybe even to use two or three for to not have all the bitcoins only in one of those. So if happen something undesirable in one wallet at least remain the coins at the second or even third one. Anyhow may be even someone who have more than one wallet without reasons. So use those only for an unknown reason or only for fun. Just because want to have more than one.
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Conclusion: don't use bitcoin for everyday stuffs and use it very carefully in investments which can grow the amount of those in your wallet. Bitcoin is precious. There are justified hopes that its value will greater in the times to come.
Wouldn't it make sense that people who want to promote bitcoin use bitcoins for everyday stuff whenever possible? What will make it grow in value is more people using it. The more retailers that accept bitcoin because more people are willing to use it as a method of payment will grow. So if there was something that I wanted for $500, I would first find out if someone was selling it for bitcoin and buy it with that, or if I wanted to go out to eat somewhere, a place that accepts bitcoin will be a considering factor. As more retailers accept them so will others because their competitors will have an advantage. Since retailers have many benefits from using them, they could also offer a discount which would encourage more consumer use. This seems like one way we can help make it a more commonly used currency and grow it's value. People who just have some in cold storage or use them sparingly could help facilitate its acceptance by using them whenever they can. Of course, everytime I used bitcoin for everyday stuff, I would immediately replenish that amount in bitcoins from cash.Only the last your sentence make me to not begin another argumentation about the point of view of you an me. I forget to add this your phrase to my post. So, my post would be fully meaning if I would wrote at the end: Or if you want to use it find the way to buy at least the same amount to replace it immediately. Your consideration are more than right. It must be so because the use of bitcoin help in its spread and this spread make more possible the achieve of our hopes. Anyway if after the use of it, everyone don't buy at least the same used amount, my previous post (even can be considered as very selfish) it is the best answer that can be given about the use or not of bitcoin. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I repeat: Something rare cannot be used for everyday stuff. Cannot be used at all every day. It is like you sell every day diamonds or perls or gold to buy bread. Make no sense.
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