Its not like that , it work here in bitcoin with strenuous and persevering mind at no point.and I try to get my coins out of nothing that all I have worked for you that there is nothing to do with that no one else but the scammers who did nothing but steal them not .and I started spending the coins I'm sure that I'm good work and my good bitcoin points are in my good coins when I spend time with bitcoin.
I’ve witnessed auto posting bots that can create a more intelligible paragraph. ROFL |
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Hey ya'll, curious question from a newbie here. I was wondering what would really happen to everything if ever bitcoin does pop and lose a huge part of its value.
Can anyone give me understandings as to why that won't happen?
Bitcoin is like USD of cryptos. If it falls, the entire crypto economy will fall, money will start disappearing from the markets. And just so you know bitcoin is not a bubble for it to pop. There are so many factors that prove bitcoin not to be a bubble. The word bubble came to bitcoin only because of stock market buyers assuming shit. Do not tend to confuse bitcoin, my friend. “What is a 'Speculative Bubble' A speculative bubble is a spike in asset values within a particular industry, commodity, or asset class. A speculative bubble is usually caused by exaggerated expectations of future growth, price appreciation, or other events that could cause an increase in asset values. This drives trading volumes higher, and as more investors rally around the heightened expectation, buyers outnumber sellers, pushing prices beyond what an objective analysis of intrinsic value would suggest. The bubble is not completed until prices fall back down to normalized levels; this usually involves a period of steep decline in price during which most investors panic and sell out of their investments.” “What is the 'Intrinsic Value' The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value. Additionally, intrinsic value is primarily used in options pricing to indicate the amount an option is in the money.” “What is an 'Asset Class' An asset class is a group of securities that exhibits similar characteristics, behaves similarly in the marketplace and is subject to the same laws and regulations. The three main asset classes are equities, or stocks; fixed income, or bonds; and cash equivalents, or money market instruments. Some investment professionals add real estate and commodities, and possibly other types of investments, to the asset class mix.“ https://www.investopedia.com/terms/s/speculativebubble.asp#ixzz52UHXtIq9 |
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What happens IF bitcoin pops? Have you been in a coma in your local hospital for the last two weeks?
Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago. Poppity pop.  Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great. That's not an issue. You just buy Bitcoin, then transfer it to the person in the other country (which Paypal doesn't support), and the person converts back. I have been involved in Bitcoin transactions a lot, and the price fluctuation is not a problem for people. Yeah, well, that’s monstrously expensive. I don’t have a contact in another country to do that for me and that’s too much trouble. Why would I do that anyway when I can pay with google wallet, it’s cheap, it’s fast and it’s free. |
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I think in the near future we will see an increase in this new bitcoin investors acquisition of exchanges eventually replacing bitcoin with fiat.  |
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What happens IF bitcoin pops? Have you been in a coma in your local hospital for the last two weeks?
Yep. In the last 2 weeks it popped all the way up to an ATH, then popped down in a lovely beartrap and popped right back back up to where it was 2 weeks ago. Poppity pop. Really? From what I can see it’s still worth $5,000 less than it was two weeks ago. It’s lost one quarter of its value in under two weeks. Why would anyone trust a currency that moves by one quarter of its value that fast? However, for a speculators play toy that’s great. |
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Cryptocurrency is about to change the world.
With this change, how do you see cryptocurrency supporting the low-income individuals in the world who do not have access to technology in general, limiting their access to this "boom"?
Blockchain technology is about to change the world. That has nothing to do with bitcoin. Bitcoin is a speculators toy. Poor people can’t afford to play in that world so they will be left behind. |
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I agree with you OP. I think a lot of people are going to lose a lot of money next year. Several studies have shown that many retailers that previously accepted accepting bitcoin are dropping it. The growth has been too fast and bitcoin is too volatile. Companies like BitPay that guarantee the price for retailers can be squashed like bugs by multi thousand dollar market swings. Consumers with limited resources are looking at bitcoin because of the increased exposure but the volatility, high transaction fee and slow network are causing them to ignore it completely. Bitcoin acceptance decreasing  |
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When is the best time to sell or buy REITs stock, gold futures, WTI Crude Oil, any stock, or any commodity ETFs. If you can answer that question you will be able to do something that no trader in the world is capable of doing. Some of them are better than others but no trader does it successfully 100% of the time unless they are controlling the market (which is illegal for all markets except bitcoin and that’s why bitcoin is so dangerous to trade).
No one on this forum will ever be able to tell you when to buy or sell. If they did know the exact perfect time, why the fuck would they tell you?
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Average reaction to poor people.  |
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You buy your bitch presents? You must be rich. For Christmas this year I told my bitch I wouldn’t fuck her best friend that day and I would spend the whole day with her. I even promised not to beat her ass (unless she gets mouthy of course). Didn’t cost me anything.
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Yes, it’s going to happen. The most savvy real estate investors are already talking about dumping their investments in the most stable tangible asset in the world and buying into bitcoin. LOL
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Do you guys billieve that bitcoin will become the only one currency that can use as a mode of payment in the whole world? How is this become posible in the future?
Do you believe all humans of the world regardless of religion, race, creed or color can live in perfect harmony with one government that represents the interests of all people equally? This would be a world where no one broke any laws. There would be no need for anyone to hide money from the government. That means there would be no illegal drug use, no terrorism, no political corruption, no pandering of any kind (hidden prostitution, child sexual abuse, etc.), equality of wealth (including access to health care, medications, food, water, etc.). That would have to happen first. I think maybe Donald Trump (leader of the free world) would have to leave office first. Oh, and all of his mental defective supporters would have to die off. I’m thinking that may take a couple of more years. LOL |
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What happens IF bitcoin pops? Have you been in a coma in your local hospital for the last two weeks?
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Cryptos are just speculation/day trader toys. If you want proof of that, use the last month of volatility as an example. Any commodity that can increase or decrease in value by 50% in a week or two is being completely controlled by speculation. If these same traders decide they want to speculate on something else, like BCH, then it will overtake bitcoin. It’s simple as that. Oh, don’t try to tell me bitcoin is this great new money that everyone is spending like mad creating the volume. That is provably false. Bitcoins use as money for eCommerce is dropping not increasing.  Morgan Stanley‘s DBA business analyst James Faucette backed his argument with this chart of online retailers who accept bitcoin, titled "Virtually no acceptance, and shrinking": http://www.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12?r=UK&IR=T |
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I've noticed quite a lot of 'non-liberals' talking about Bitcoin as if liberals should not exist within the crypto space. As if the nature of them goes against liberal beliefs.
A lot of people are now new to Bitcoin and cryptocurrencies, so I felt it was a good idea to remind people that Bitcoin itself--in its earliest days--was a spark of libertarian beliefs due to the decentralisation, censorship resistance, and anonymity it provided. Bitcoin, and many altcoins, are a liberal creation. If you did not yet know that, it's probably best to read up on them a bit more before diving in.
Of course the idea of Bitcoin and its features is that they're open to all to use, regardless of which side you lean on politically and religiously; that's what makes it special.
If that alone isn't libertarian, I don't know what is.
I’d agree with you except Bitcoin is not decentralized, it’s not anonymous, it’s not open to everyone because it requires the internet and training to use, and the continuous fud created around bitcoin is a type of censorship. I guess it depends on what you'd consider full decentralisation or anonymity. The anonymity isn't entirely there, I agree. But the decentralisation is pretty spot-on in terms of providing a platform in which it's entirely peer-to-peer. I guess that depends what you consider decentralized. I don’t consider 90% of the mining force (bitcoins security system) being in the hands of a few people that meet and discuss the future of bitcoin “decentralization”. As far as anonymity, ask the founder of Silk Road what he thinks about that (I’m not sure he can get letters in prison though). I agree that the centralisation of mining is a problem. As for Silk Road: Ross wasn't caught as a result of his bitcoin transactions, it was mostly his stupidity in using a library's internet connection to sign into private services he used and owned in connection to Silk Road. Think again: “Researchers at the University of Luxembourg have highlighted methods to de-anonymize Bitcoin transactions. Bitcoin pseudonymity can be broken in a number of ways, from tracking payments to monitoring IP address nodes. And while tumblers and programs like Dark Wallet help, there is no bulletproof solution that makes Bitcoin impenetrable.” https://gizmodo.com/a-friendly-reminder-bitcoin-is-not-anonymous-1682885318 |
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I've noticed quite a lot of 'non-liberals' talking about Bitcoin as if liberals should not exist within the crypto space. As if the nature of them goes against liberal beliefs.
A lot of people are now new to Bitcoin and cryptocurrencies, so I felt it was a good idea to remind people that Bitcoin itself--in its earliest days--was a spark of libertarian beliefs due to the decentralisation, censorship resistance, and anonymity it provided. Bitcoin, and many altcoins, are a liberal creation. If you did not yet know that, it's probably best to read up on them a bit more before diving in.
Of course the idea of Bitcoin and its features is that they're open to all to use, regardless of which side you lean on politically and religiously; that's what makes it special.
If that alone isn't libertarian, I don't know what is.
I’d agree with you except Bitcoin is not decentralized, it’s not anonymous, it’s not open to everyone because it requires the internet and training to use, and the continuous fud created around bitcoin is a type of censorship. I guess it depends on what you'd consider full decentralisation or anonymity. The anonymity isn't entirely there, I agree. But the decentralisation is pretty spot-on in terms of providing a platform in which it's entirely peer-to-peer. I guess that depends what you consider decentralized. I don’t consider 90% of the mining force (bitcoins security system) being in the hands of a few people that meet and discuss the future of bitcoin “decentralization”. As far as anonymity, ask the founder of Silk Road what he thinks about that (I’m not sure he can get letters in prison though). |
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I've noticed quite a lot of 'non-liberals' talking about Bitcoin as if liberals should not exist within the crypto space. As if the nature of them goes against liberal beliefs.
A lot of people are now new to Bitcoin and cryptocurrencies, so I felt it was a good idea to remind people that Bitcoin itself--in its earliest days--was a spark of libertarian beliefs due to the decentralisation, censorship resistance, and anonymity it provided. Bitcoin, and many altcoins, are a liberal creation. If you did not yet know that, it's probably best to read up on them a bit more before diving in.
Of course the idea of Bitcoin and its features is that they're open to all to use, regardless of which side you lean on politically and religiously; that's what makes it special.
If that alone isn't libertarian, I don't know what is.
I’d agree with you except Bitcoin is not decentralized, it’s not anonymous, it’s not open to everyone because it requires the internet and training to use, and the continuous fud created around bitcoin is a type of censorship. |
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too much tax in scandinavia, but i hear things are nice there- cold but nice. You panic sold. Not great. Btc for 10-20%. The rest alt couns, some great ones out there and real cheap , all the best chappie , enjoy. Ask your gov to reduce the price of booze over there, that sh*t aint funny, I might come visit if ya do , peace bro
I think it’s not a good idea to sold everything as we know that bitcoin have a lot of good qualities so there is also one the good qualities in bitcoin it just need your little part of your money to invest and when I start investment here so I use a very little amount of money and fro that I did not sell anything because bitcoin is now very committed in profit your little invest can give you a very good profit because bitcoin don’t want big investment from you. Funny thing is, if he sold it a week ago it’s almost time to buy back in and make a huge profit. Buying and selling is how you make money with bitcoin, not holding it until you get old and gray. |
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When are you going to send me the keys to your house. I need a place to live.
Home girl, I was mining years before you ever heard about bitcoin. It costs a hell of a lot of money to buy equipment and today it’s incredibly difficult to ROI. Finding a cryptographic hash with an ever increasing difficulty is crazy stressful on equipment. Miners have a big investment in equipment that will not last long.
Mining was never intended to be a free service. Originally, the block reward was the payment for mining and was expected to eventually be replaced by mining fees. IF bitcoin use grows large enough and IF the fees can be spread among enough users the fee will come down but it will never be free. Bitcoin is not and will never be a free service.
Little boy racer i was aware of BTC when it was trading at a mere $0.15 and if you go back to the white paper then you would see the term "Virtually free" when it came to transactions costs and $40+ is anything but that. Your in a race to compete for a prize with all this hardware you have that is offering next to nothing of any use to me Lets do the sums between us Max transactions per second = 7 Average packet size (inputs, outputs) = 250 bytes 250 * 7 * 8 =14Kbs "Bitcoin is not and will never be a free service" You will want it priced in bits next instead of bytes so pop outside, rev the boy racer without driving anywhere and wait for a big guys from "Green Peace" has a few words with you. "IF the fees can be spread among enough users the fee will come down" So are you saying that at the beginning of the year when fees were near zero that we had less users than we have today ? Tell me, what you smoking because i want some and the chances are that i was cutting code before you even started school Troll on home girl. You obviously understand next to nothing. |
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Oh, that’s a good idea. Punish the guys that have spent untold millions on mining equipment to keep bitcoin alive.
I’ve got an idea. Go buy a mansion for 10 million dollars and let me live there for free. I’ll stay there for years and fuck your property up and right before I leave I’ll burn your house to the ground and make your investment worthless.
Miners have a limited time to recover their investment before they need to buy new equipment because it literally burns up. Cut their profit and they won’t buy any replacement equipment and bitcoin will suffer. That will teach them a lesson. Do any of you people actually know how bitcoin works?
L@@K Mining is not a democracy and has turned into a monopoly so that ten big players now control 90% of all transactions and if someone was silly enough to join a pool that pays next to naff all then that is there fault not mine. Fees at start of year were about $0.01 and today they are $40.00 + so you defend them all you like but I am not buying any of it. "Do any of you people actually know how bitcoin works" Yes lots of wasted energy reeving the cars engine without putting the car in gear and miners trying to win coins by buying bigger and bigger rigs. Since you know how BTC works (bet he does not program for a living) then you will understand when i say that the active thought put of BTC transactions is a mere 14Kbs but if you have trouble working it out then ask and I will help you When are you going to send me the keys to your house. I need a place to live. Home girl, I was mining years before you ever heard about bitcoin. It costs a hell of a lot of money to buy equipment and today it’s incredibly difficult to ROI. Finding a cryptographic hash with an ever increasing difficulty is crazy stressful on equipment. Miners have a big investment in equipment that will not last long. Mining was never intended to be a free service. Originally, the block reward was the payment for mining and was expected to eventually be replaced by mining fees. IF bitcoin use grows large enough and IF the fees can be spread among enough users the fee will come down but it will never be free. Bitcoin is not and will never be a free service. |
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