Yeah, there's a lot of consumer rationale that explains why custodial services are so popular but for me the main thing simply is that people are accustomed online now to have a fallback plan to recover a lost password or account. The internet taught us to have passwords, but it also made a way for you to recover them. It needs people to switch to the proper mentality first, and for them to do that, they have to understand the new paradigm of money (or ironically, the original paradigm), which is that you should own your own money, and that means you and only you should have access to it.

1st question.... who the phuk is Ben Baller (yes, I'm living in a nutshell & can't be bothered to google atm)
Sounds like some sort of porn movie pseudonym.

2nd question... Well now, if he bought 300BTC @$700 and sold @$1000  (yes, I'm assuming), he profited 90k ...what's the phukking problem?....
...He didn't know BTC would go to ridiculous value??....Welcome to the club of normality!

 (yes, I know, I know, he didn't hodel... silly wabbit!  )

via Imgflip Meme Generator

Boredom breaker where is this what is this what are we doing

You've just summarized how all this "hacking" in exchanges go.

But most people prefer that way. They dont want to have responsibility over their own money. Thats why I dont believe bitcoin will destroy the banking system. Banks oppose it only because they are run by boomers.

I like to think that if you dont have your own private keys, then you are still a nocoiner. This people who keep all their bitcoin in exchanges, and dont have their own wallets? Nocoiners, all of them.

So tell me what you think would be responsible for the mass adoption of bitcoin within the short period of time that you have speculated? The level of adoption is still very low, and government is yet to regulate the cryptocurrency space. ICo that would have encouraged investors are discouraging them and scaring them away from the cryptocurrency space generally, the last ATH that people invested in is still yet to be hit and the moment bitcoin climbs to $20k, the bears will surely come in because some of them had their investment locked up in that figure you see there.

So that 2 years to me is not a reasonable one, I think the 5 years of op is more reasonable because by then, the cryptocurrency space would have grown large and many governments would have probably regulated it.

I don't know when that famous increase will happen though, everyone has been talking about how the price will go up before the 2020 halving but we have been here for months on the same price. Will it go up early in 2020, will it go up just a month before the halving, will it go up AFTER the halving? I don't know what will happen with it.

I am starting to think that bitcoin may not even go up incredibly much in the halving period, like no moves at all type of deal. Maybe it will move 10%-20% up but I am not expecting x2-x3 like some of the other people have been expecting.

Let's be honest here, if all of us are expecting x2 in less than a year, then why don't we buy as much as we can? Why isn't there people trying to grab as much bitcoins as they can all around the world right now? If you tell people they will double their money in 10 months they will kill people for it. Yet the price stays same, which means not even us people who support bitcoin believe that x2 anymore.

Correct me if I'm wrong but this is a stable indicator that they need in order to set a futures market that is considered safe enough for the mainstream? This institutionalized jargon they wrap up whether the average person is capable of making his own decisions is intentionally obfuscated and i can't keep up nor remember the intricacies.



Me too and whats even worse is I know i have heard it before and just forgot the punchline!


Ohh Snap! Lol


Sounded and looked really cool until I started thinking of a few things.
1) Backing it up without exposing the private scratch off
2) If pre-generated then how do they prove they didn't keep a list of private keys?
3) If I can't back it up then I can use it for Cold storage right?

But

So how am I supposed to use this, like a normal only keep chump change in it use case?
The kickstarter page mentions bitcointalk as a place to bid on the auction for the first few low digit serial numbers so do you have a link?


^^^
Not THAT if Fucking Hilarious!
Literally guffawed on that one!

You can't mine just 1 bitcoin for $6k. You could try. Otherwise, the price is indeed determined solely by traders. Some miners are also traders. Some miners are not.

That's my opinion as well, but it all depends what theory of markets you cater to. Not everyone expects past performance to guarantee future results. In Elliott Wave theory, Wave 3 is usually the strongest, and Wave 5 tends towards certain fib extension levels. That's why xxxx123abcxxxx is only expecting $30K or so, or really anything beyond the 2017 high. He's been spot on with his last few calls, so maybe there's something to it.

filbfilb "Q4 2019 and Q1 2020 will blow your mind"

Nope..mind blown since 2013. I hope that he means in a good way, though.

Really? you expect such a rise coming true in 2 years?
This increase is just crazy... I don't think it will ever happen apart from the fact, a war happens and people start buying bitcoin in order to store the value of their money.

People underestimate how quickly Bitcoin will go from $20k to $50k and then $100k.

Most of the new people have never seen a full bull market. They have no idea how much Bitcoin will pump once it really gets going!

https://twitter.com/btc_macro/status/1172129478048243712?s=21


^
Keep it coming

Sorry but I feel the hopes and speculations of many people are quite childish, agree that the value of bitcoin can pump quickly and surpass many calculated brains but somewhere, it always needs real limits and prices that bitcoin can reach. $20k or $25k is a number that  I and many people will have no objections, however, $250k is a huge number, it breaks all the rules and the limited calculations, the market and many big investors will not accept this price when it can create huge war on dumping.

I prefer offtopic talking about precious metals or dirty fiat, but please, take the Bcash talk to another place.

I'm a little worried about it since the price of Bitcoin is starting to decrease each day and now it stop at $10,000. But if the price keep decreasing each day, the possibility of reaching $8,000 again is not impossible. How long does the market would act like this? Instead of breaking new resistance it's keeping its stable price between $10,000 and $11,000.

If we are here to observe, i´ll do it..

I observe more blue each period.. more blue dots, and with a higher slope
I observe green and yellow dots having lesser slope..
and i observe less red dots each period..

so, my l33t TA skillz tell me to join the peaks and... hmm.. expect a 2000% by 2021 ?

Thats the best i can do. I just got meal and my stomach is having all the blood. My brain is idling.

Anyone buying a ship like that is going to be attempting to generate some income from it too, right?  I mean if you want the ship to be sustainable?  Can you really imagine that you are going on trips and the ship only has staff or maybe just a 100 guests or so?  It would feel nearly empty with those kinds of numbers of passengers, so I am having some difficulties understanding a personal use case... gotta be a kind of business boat, no?

Another scenario would be that the purchaser has ONLY a short time to live or something like that, but just making sure that the management of the boat staff is not engaging in shenanigans would take a decent amount of time to make sure that you have a good manager, if you don't want to manage it yourself - which would be kind of time-consuming, I would think.  

So, at minimum, I think that anyone, even remotely interested in getting a boat like that better have at least 5x the yearly maintenance capital (left over after making the purchase of the yacht and the helicopter... hahahaha)....

So, if we are saying minimum of $250million in BTC value, then at today's prices that would be about 25,000 bitcoins, and if the BTC price goes to $100k, then that would be 2,500 bitcoin, and if the BTC price goes to $1million, then that would be a mere 250 BTC.  Do we have to both  make sure that we have 250BTC and wait for the BTC price goes to $1million?  By the way, with my recommendations about selling a bit of BTC all the way up the ladder, then I am thinking that in order to have around 250 BTC when (or if) BTC prices reach $1million, then today, the HODLer would need to have about 330 BTC to account for the on-the-way shavenings.  


TLDR (for Hueristic and udder peeps like dat):  In other words, in order to have BIG ASS dreams, you better be preparing ur lil selfie, and have enough of a BTC stash in order to accomplish such BIG ASS dreams without putting your finances and/or psychology in any kind of unnecessary state of stress.  You heard it here, first.