How many coins did you cash out and how much USD you made?
Do not invest, save these 15 BTC for the next 10 years. Unless you know what you are doing just dont invest...
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Satoshi would have been OK with Bitcoin running as an anarcho capitalist outside-the-system alternative.
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This thread has nothing to do with bitcoin, which contrary to popular belief, doesn't even need the internet or computers or electricity to survive.
How can the Bitcoin system realistically survive without electricity? How can the fiat system survive without electricity? It would be a chaos since all markets operate under electricity these days, the stocks would collapse.
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1. “There is no reason anyone would want a computer in their home.” — Ken Olson, president, chairman and founder of Digital Equipment Corp. (DEC), maker of big business mainframe computers, arguing against the PC in 1977.
2. “We will never make a 32 bit operating system.” — Bill Gates
3. “Lee DeForest has said in many newspapers and over his signature that it would be possible to transmit the human voice across the Atlantic before many years. Based on these absurd and deliberately misleading statements, the misguided public … has been persuaded to purchase stock in his company …” — a U.S. District Attorney, prosecuting American inventor Lee DeForest for selling stock fraudulently through the mail for his Radio Telephone Company in 1913.
4. “There is practically no chance communications space satellites will be used to provide better telephone, telegraph, television, or radio service inside the United States.” — T. Craven, FCC Commissioner, in 1961 (the first commercial communications satellite went into service in 1965).
5. “To place a man in a multi-stage rocket and project him into the controlling gravitational field of the moon where the passengers can make scientific observations, perhaps land alive, and then return to earth – all that constitutes a wild dream worthy of Jules Verne. I am bold enough to say that such a man-made voyage will never occur regardless of all future advances.” — Lee DeForest, American radio pioneer and inventor of the vacuum tube, in 1926
6. “A rocket will never be able to leave the Earth’s atmosphere.” — New York Times, 1936.
7. “Flight by machines heavier than air is unpractical (sic) and insignificant, if not utterly impossible.” – Simon Newcomb; The Wright Brothers flew at Kittyhawk 18 months later.
8. “Heavier-than-air flying machines are impossible.” — Lord Kelvin, British mathematician and physicist, president of the British Royal Society, 1895.
9. “There will never be a bigger plane built.” — A Boeing engineer, after the first flight of the 247, a twin engine plane that holds ten people
10. “Nuclear-powered vacuum cleaners will probably be a reality in 10 years.” -– Alex Lewyt, president of vacuum cleaner company Lewyt Corp., in the New York Times in 1955.
11. “This is the biggest fool thing we have ever done. The bomb will never go off, and I speak as an expert in explosives.” — Admiral William D. Leahy, Chief of Staff to the Commander in Chief of the Army and Navy during World War II, advising President Truman on the atomic bomb, 1945.[6] Leahy admitted the error five years later in his memoirs
12. “The energy produced by the breaking down of the atom is a very poor kind of thing. Anyone who expects a source of power from the transformation of these atoms is talking moonshine.” — Ernest Rutherford, shortly after splitting the atom for the first time.
13. “There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will.” — Albert Einstein, 1932
14. “The cinema is little more than a fad. It’s canned drama. What audiences really want to see is flesh and blood on the stage.” -– Charlie Chaplin, actor, producer, director, and studio founder, 1916
15. “The horse is here to stay but the automobile is only a novelty – a fad.” — The president of the Michigan Savings Bank advising Henry Ford’s lawyer, Horace Rackham, not to invest in the Ford Motor Co., 1903
16. “The Americans have need of the telephone, but we do not. We have plenty of messenger boys.” — Sir William Preece, Chief Engineer, British Post Office, 1878.
17. “This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.” — A memo at Western Union, 1878 (or 1876).
18. “The world potential market for copying machines is 5000 at most.” — IBM, to the eventual founders of Xerox, saying the photocopier had no market large enough to justify production, 1959.
19. “I must confess that my imagination refuses to see any sort of submarine doing anything but suffocating its crew and floundering at sea.” — HG Wells, British novelist, in 1901.
20. “X-rays will prove to be a hoax.” — Lord Kelvin, President of the Royal Society, 1883.
21. “The idea that cavalry will be replaced by these iron coaches is absurd. It is little short of treasonous.” — Comment of Aide-de-camp to Field Marshal Haig, at tank demonstration, 1916.
22. “How, sir, would you make a ship sail against the wind and currents by lighting a bonfire under her deck? I pray you, excuse me, I have not the time to listen to such nonsense.” — Napoleon Bonaparte, when told of Robert Fulton’s steamboat, 1800s.
23. “Fooling around with alternating current is just a waste of time. Nobody will use it, ever.” — Thomas Edison, American inventor, 1889 (Edison often ridiculed the arguments of competitor George Westinghouse for AC power).
24. “Home Taping Is Killing Music” — A 1980s campaign by the BPI, claiming that people recording music off the radio onto cassette would destroy the music industry.
25. “Television won’t last. It’s a flash in the pan.” — Mary Somerville, pioneer of radio educational broadcasts, 1948.
26. “[Television] won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” — Darryl Zanuck, movie producer, 20th Century Fox, 1946.
27. “When the Paris Exhibition [of 1878] closes, electric light will close with it and no more will be heard of it.” – Oxford professor Erasmus Wilson
28. “Dear Mr. President: The canal system of this country is being threatened by a new form of transportation known as ‘railroads’ … As you may well know, Mr. President, ‘railroad’ carriages are pulled at the enormous speed of 15 miles per hour by ‘engines’ which, in addition to endangering life and limb of passengers, roar and snort their way through the countryside, setting fire to crops, scaring the livestock and frightening women and children. The Almighty certainly never intended that people should travel at such breakneck speed.” — Martin Van Buren, Governor of New York, 1830(?).
29. “Rail travel at high speed is not possible because passengers, unable to breathe, would die of asphyxia.” — Dr Dionysys Larder (1793-1859), professor of Natural Philosophy and Astronomy, University College London.
30. “The wireless music box has no imaginable commercial value. Who would pay for a message sent to no one in particular?” — Associates of David Sarnoff responding to the latter’s call for investment in the radio in 1921.
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OP might be on point. We'll not see huge gains for a long time. The guys that went rich overnight are living the dream. We'll have to wait until plebs catch up with Bitcoin as they need to get bitchslapped for a long while by banking and politicians until they find a real use for it.
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I invite anyone to join a long-term topic on how you think bitcoin is going to behave. You can speculate, smart guess, comment on any timeframe you want, from hours to years (short, medium and longterm). You can also post comments on things (news, developments etc) that you think affect price, either up or down.
So far, we are seeing the first cryptocurrency in it's most prolonged bear market ever. Price declined steadily for last 14 months and no sign of recovery yet. Even if we had some pump-and-dumps along the way, we're still at 220 USD.
My sincere thought is that we'll see mind-blowing lows (I won't give any target because that's pretty much impossible) and afterward the market will recover fast, so fast it will be prime time news.
I agree with your view. We are headed towards a year of downtrend while whales silently stack up and dumbasses sell their cheap coins, only to find out that after some months Bitcoin proves historical resilence power and the price goes to 4 figures causing massive butthurt into naysayers, as they join the boat missers crew, again.
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with bitcoin the internet itself becomes powerful, a force that can get things done/funded. even better, the distributed p2p network lets - for the first time in history - people from all over the world cooperate without taking part of the wealthy elite organizations like banks and governments. for example a producer of goods/services/crops can, for the first time ever sell his goods globally while denying the old elite a part of their share.
Nice writeup especially the historal part. This is what I would agree the most. One more thing is that nobody can print more money and bring down the value if our holdings This is the basic premise that makes Bitcoin objectively superior to every other money accountant methods ever combined that naysayers tend to not fully grasp.
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I was hyped, then I saw all these posts saying it may be a scam. If anyone confirms please let us know.
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Have anyone considered the security of Ethereum?
Think about all the computing power used to power bitcoin, if these miners turned there computing power onto disrupting Ethereum wouldn't that cause a problem?
Bitcoiners will have an incentive to disrupt the Etherum system.
Also, you can get Etherum secured by Bitcoin via counterparty (its a meta-coin not alt-coin)
Thats why Maidsafe is a better project than Ethereum, because it doesnt depend on a blockchain.
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How about you? What do you think?
The dollar will have collapsed (or is still in the process of doing so) and Bitcoin along with precious metals will see ATHs not previously thought possible. Lol the dollar will still be #1 in 2 years. Bitcoin will be huge by then tho. Andreas wouldn't risk his reputation with a random prediction.
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I still think this guy knows a lot more than he has said. And I don't buy the CIA meeting scared Satoshi away story. Who the hell is that guy? not sure if trolling..
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Everything that involves girls and a non mainstream subject in video format screams Fiverr these days. Cant find of a better marketing strategy to atract average joes into something tho.
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Cnn seems to be bitcoin friendly. The documentary done by Morgan Spurlock about living only on bitcoin was great and now we have this.
Was great? Past-tense? Have you seen it early? It's great, it doesn't go deep into bitcoin but it's not needed since it's nicely thought for the average joe.
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it's questionable whether satoshi is even alive at this point .. or if he has access to his coins at all
He posted recently (like months ago) when the Dorian Nakamoto incident happened.
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There will be a time when science can make gold, but science can't make bitcoins
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I say up.
It is weekend, and for some reason weekends turned into pump time
The weekened just started in China. lets hope it doesn't drop like the previous weekends To be honest, i hope it does drop, and are many others. There is no reason to go higher, and staying flatlined makes the market beserk, and in the end it drops anyways, so its just a matter of time now (days), until 200$ retest. cheers We'll be on the low 200's to mid 200's until summer is my guess.
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Greece is such a beautiful place. It's such a shame that it has been oblitared due back economical policies and corruption.
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This is clear FUD from the time OP claims mining Bitcoin is an ilegal activity.
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Everything that involves girls and a non mainstream subject in video format screams Fiverr these days.
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Sell all my bitcoin to crash it(1.5 million ) to 0$ Actually Bill Gates could buy the remaining entire supply of bitcoin for life and control the price..
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