Holders panic today and sell
The price took me by surprise. I told the ones predicting this that they are wrong. Woah. But no, holders don't sell. Only some investors and (many) traders have sold. Holders remember that the price was not long ago 3300$
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A lot of exchanges were hacked in Bitcoin's history. It's about vulnerabilities and hot wallets. Just I'm not convinced a hack wold be interesting enough to make a movie about it. Maybe an inside job could add some action/drama, but may still not be enough.
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What is the alternate plan or the second option you've kept prepared to minimize the loss and keep up the value almost same on the portfolio.
I guess I'll just HOLD longer. I have some hopes for 2020, but they're hopes, not expectations. If they won't fulfill in 2020, then maybe in 2021.. or 2022... or... Let's not have unrealistic expectations mkay? Sooner or later Bitcoin should surprise us again.
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Since people don't understand that their every day money value is decreasing over time indeed, hyperinflation of all the main currencies would be one possible way. (If it happens only for USD, people may switch to EUR or JPY instead of BTC).
In my opinion, in your example, it would be more of EUR or JPY ofor BTC. Just like in Venezuela, whereas even though majority are probably just using USD instead, I think it's pretty safe to assume that a significant amount of people held BTC also(along with the USD). Well, I do have the example of my country. I lived days when my country's coin inflation was really big. Back then, in my city people converted their money into DM (Deutsche Mark). When DM was replaced by EUR, people chose USD for about a year until they got convinced EUR is fine, then went for EUR. While many signals from governments are "Bitcoin is drug money", "stay away from Bitcoin" and so on (luckily not all of them), I expect a big percent of the population still avoid it and the other strong currencies are just fine as long as they can be exchanged at the exchanges from all over the city. So, as I said, all normal currencies have to fail, and even then many may still chose gold, then Bitcoin. The conclusion is that the acceptance (in shops) have to increase greatly in order to have a chance for such big numbers for the price (although I think that OP's numbers are exaggerated).
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It is important to know if you want to receive Bitcoin or you want it automatically converted into fiat. For fiat I think that you already got your answers. For Bitcoin, I'd avoid BitPay. Afaik Bitpay is related to Roger Ver's businesses, asks for KYC and favors his altcoin against Bitcoin. People lately recommends BTCPay, but I have no experience with it, so you'll need more help/details/input. However, here's a link for you: https://bitcointalk.org/index.php?topic=5169589.msg51975676#msg51975676
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Just because it has a blockchain doesn't really make it anything close to Bitcoin. Can we stop giving free publicity to FB?
Well said. How could anybody even put together "Mark Zuckerberg" with "Crypto Messiah" at all? Crypto is about privacy and about an alternative to banks. Mark is about making money by selling his users' data to the highest bidder anybody interested. Ah, he does something on blockchain to get more money? Fine. Any smart businessman does that. Anything else?
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You should use better spacing in your tables, so people can read them (at least first column needs widened). An idea would be to use underscores, like in the last post here: https://bitcointalk.org/index.php?topic=4301317.msg40020107#msg40020107I think that Mycelium needs a better rating, since it's well maintained and the source code is public. And a public/closed source column could be also useful too.
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I'm pretty sure majority of people have heard of bitcoin already. It's the knowledge of why we need bitcoin is missing. And for us to achieve that, I'm afraid people are going to learn the hard way: through hyperinflation.
Since people don't understand that their every day money value is decreasing over time indeed, hyperinflation of all the main currencies would be one possible way. (If it happens only for USD, people may switch to EUR or JPY instead of BTC). We have to also reach the point we can buy or sell anything for Bitcoin directly. Then it will be an advantage everybody will see, much more visible than the "backup against inflation".
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Nuke your computer.. [~]
There are many other methods to generate paper wallets offline.
I would trust Electrum instead of dice. A relatively simple method would be to put Tails OS onto an USB stick, unplug internet and boot from the stick. Tails already have Electrum on it, so you create a new wallet (it will not be persistent!), write down the words and save onto another stick a couple of addresses. Done.
Edit: in the light of my latest test, Electrum seed may not work with anything else than Electrum, so an offline copy of https://iancoleman.io/bip39/ may do a better job.
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The weirdest thing I've seen on the Dark Web
Exactly. Although most probably dark web is the home for scams, real deals can be also made. And under the protection of anonymity one can buy or sell anything, the limit is only the imagination (which can be super sick in some cases). The fact that most of us didn't encounter such cases (or only the mild ones) doesn't mean they don't exist. But I don't think that "making a contest" (or brag) off this would be beneficial.
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There are way too many websites asking for name, address, e-mail just to grow their databases to sell it or at least spam later on. If there are no funds involved, I will most probably use fake data, from X X to some random name. But where funds are involved I either put real data, either leave. And that's because for whatever reasons I can lose money if it's not my name there.
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Buyers seem to love the ~8000 price, there's still a chance for better. And I'm more afraid of what could happen tomorrow than tonight.
I'm still optimistic however that it's temporary and will not go much lower.
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you need to have a good reputation
No. And your logic is flawed: gamblers are not necessarily bad, also a councilor doesn't have a priest, you know.. And just stopping from doing something bad will not erase the history, which, sooner or later, will be found out. So it won't help.
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What happens with the bitcoin after a few years, does their support siphon the coins?
From what I know they don't have access to any means to access users' coins. At least that's what they claim. So the answer would be: the coins are lost forever(*) (*) unless somebody will generate again corresponding private keys in his wallet, although there may be a bigger chance to win the lottery every week-end for a year
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I also think that the best option is both. If you have enough funds other things like properties could be also a good addition. The idea is to diversify as much as possible with low risk.
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Does that means that HALF of the ~296 private keys is in first 2159 and other HALF is in 2160 - 2256 space?
I don't think so. An address is a very big number, and there are plenty of programs and algorithms to "pick a number". I don't know if all of them ensure an uniform spread (especially when human-generated seed is used). Also, let's say that theory tells that if you have the same chance to roll any number of a dice. If you'll get a dice and roll 12 times, most probably you will not get each number twice. You'll tell that you need to roll 6000 times to get close results and that's right. Although I don't agree with the term "randomly" used by @Dabs, I agree with him: we have so few addresses compared to the possible address space we cannot talk yet about getting even close to an even distribution.
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I'd be vague. I think that Bitcoin can end up anywhere between 6000 and 25000 USD by the end of the year. Yeah, it's this hard to predict imho.
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Just wondering that building a new mail system which can provide anonymous mail system and protect mail safu from attacking.
We are planing to use Ethereum, public key & private key are mapping to the only mail address. When you send mail in this system, your mail will be encrypted by your public key, and you need private key to unlock the mail for reading.
This a Peer-to-peer encryption mail system , and it also simple , fast , easy to use! We will open source at next month.
I am not sure what you want to do, but if it's an e-mail system that can send mails to anybody - including traditional e-mail addresses -, your idea will become the heaven of spammers and could destroy the project and the underlying coin too if it's not powerful enough (when govt. agencies will come after the spammers). So while truly anonymous and safu sounds great, if you don't have logs to save you in case of anything, you may get into trouble. Of course, you can disappear like Satoshi, but unlike him, if your invention will be ultimate tool for spammers, you won't be loved.
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Interesting. Just a few days ago I've read an analysis telling that if Bitcoin drops more it has a good chance to shoot over 12k quick. Now suddenly there's bearish market.
I don't know. I think that's really hard to predict what happens next. I surely hope OP is wrong, I'd like to see Bitcoin over 10k before the end of the year.
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