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1  Economy / Speculation / Re: What's up with bitcoin ? on: January 06, 2019, 07:21:12 PM
Apparently some ASIC mining rigs were exposed to a power surge in Mongolia. Initiating a hash rate fluctuation over the GPU's.
2  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 07:06:30 PM
The only reason why people buy bitcoin, is to make money.
Bitcoin IS money, so by buying Bitcoin you are in fact making money.  Grin


The people who are still here since $10, etc are rich in the global term of the word rich. Maybe not in the western version of the word, but even then its still debatable.

If you were here since $10 you would be rich in all senses, global and Western alike.
Even now, at this low price, without any investing, you would have more than 1000 Bitcoins. How? Because of faucets and giveaways. Back at $10 there were faucets allowing you to claim 1BTC a day and the first signature campaigns in 2013 and 14 were paying 1BTC per month.

To me $0.30 BTC is an early adopter, for all we know the timeline could be 11 years and we are in the last year.

And IMO $1000 per BTC is an early adopter. Bitcoin is going to be worth more than 50k USD per coin. That's how I see it.
You can say that it's impossible, but people who saw MtGox collapse in 2013 and prices going from 1k to $300 also thought that doubling the ATH at 2,5k was impossible.

Interesting thoughts. You could argue even though you were in the space at $10 and made millions you could have blown it all and now you are poor. Or even the case that you bought at $10 and sold at $100, would you be that rich? or you made a lot and reinvested recently and are currently 80-90% down on your portfolio. Many different scenarios can be played out. But overall, if you were smart enough to be in the space then, there's something about you.

I find it hard when people say "bitcoin is going....anything".  "IS" is a fact and nobody knows what will happen. I feel your belief brother, but when do you sell? You say it will be worth more than $50k, so what price will you sell at? Greed takes control and before you know it you have missed the next ATH. Create a strategy and stick to it. Good luck!
3  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 06:40:27 PM
Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.
Do not worry, if we will not cashout at 100.000$ we will let our children do it  Tongue
You should stop thinking about Bitcoin relation to dollar and start thinking about 1BTC=1BTC


Ha ha nice.

Sometimes I wonder, if bitcoin booms will owning 1 bitcoin instantly make you famous lol

1 btc = fame. Tone Vays and Davincij15 come to mind  Grin
4  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 06:28:08 PM

THE ONLY REASON PEOPLE ARE HERE, IS TO BECOME RICH. 

or to make smb other rich!  Grin

Exactly, right!
5  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 06:19:25 PM
I thought in the end you will advise people to dump bitcoin and move to stocks. Life in itself is a game,  to be successful, you need to make some journeys of risk. People have taken the risk by investing,  yeah and what do they want in return? Gains/profit. I think you should be happy for being amongst the early adopters of the blockchain, that in itself is a plus.

RESPECT. Being an early adopter is how you perceive a timeline. To me $0.30 BTC is an early adopter, for all we know the timeline could be 11 years and we are in the last year. For all we know $20,000 was bitcoin's ATH ever.

I appreciate your thoughts and hopefully are investments improves our lives and you don't go to Vegas and put it all on red..and lose lol

All the best.
6  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 06:13:04 PM
Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Maybe you missed something: not everybody here bought Bitcoin. Some people here implement things related to Bitcoin (and other crypto). Some people have businesses related to crypto. Some trade. And so on. People do earn crypto in this ecosystem. It's not all about investing.

Yes, probably a good number of people which earned crypto kept some or all of it as investment. Yes, probably those are also vulnerable to "end up going crazy" as much as some that didn't use their brain when investing (FOMO, buy high sell low, ...). But also people working with Bitcoin will know the price all the time (myself I have 75% of the online time a ticker on, just to be informed).

Then there are people around here that have their Bitcoin since it was 10$, 1200$, 250$, 2500$ ... that are still on profit.


What I want to tell: maybe you are well intended, but don't generalize. Imho your "use case" doesn't fit such a big percent of bitcoiners.

Maybe i don't belong on this forum because you guys are on another planet. EVERYBODY here has bought into bitcoin,FACT. In the philosophical sense. But that a side, Miners have bought rigs and dev's spend there time on crypto. Time is the most valuable commodity. Businesses related to crypto, you mean scammers right lol Traders technically own what they are trading (i'll let that slide) you could argue the exchanges technically own whats on there platform right lol.

The people who are still here since $10, etc are rich in the global term of the word rich. Maybe not in the western version of the word, but even then its still debatable.

Seriously, I want to walk in my local store and buy a loaf of bread in BTC. I want to send instant payments with lightning network and respect to all the dev's that are working there butts off. But the MAJORITY of bitcoiners are in it for the money and theres nothing wrong with that what so ever. Just quit the bitcoin snobbery.

PEACE.
7  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 05:54:06 PM
The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

people have different reasons for being here.

Thanks for your opinion. Just curious to what reasons why people are here. Would you compare cryptocurrencies bitcoin in particular, to religion or a cult? Do these people you talk of see bitcoin as a god like figure? in Satoshi we trust. I think it was 2017, I genuinely questioned my sanity towards crypto's. I taught myself everything and spent all my spare time learning. Are we being brainwashed.

THE ONLY REASON PEOPLE ARE HERE, IS TO BECOME RICH. Name me just one other reason.
8  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 05:19:24 PM
Well you can't particularly speak for everyone some people are actually here because of the great future possibilities bitcoin offer which also has its own great profit benefits as well

Hi, could you name me some great future possibilities of bitcoin please. Thank you.
9  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 05:12:52 PM
The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.
I can tell you that there actually are, believe it or not, people who do believe in the tech and haven't bought it other than to try it.

So, believe it or not, there are people still in this despite or because of the price crash, who'll be here long after Bitcoin is "outlawed and crashes to 0". Guys like you will probably be parading with the I-told-you-sos... but those guys sticking around, they'll be invisible, as they've always been. Plugging at it and soldiering on.

Hi, I have a few questions if you don't mind answering. Would appreciate it. What do you mean other than to try it? what are they exactly doing? I mean I understand it cuts out the banks and its peer to peer where you become in control of your own money. But we are still talking money, bitcoin still has a value. Honestly if bitcoin was $0 tomorrow till the end of the year, how many people would actually be in the space.

Your talking like money means nothing to certain people. Money is everything to everyone in this space. Period. Dev's get paid, miners mine to get paid, traders trade to make money, investors, exchanges, shorting, advertisers. Companies have closed just because of the price of bitcoin. Maybe I am ranting but i just feel these people you talk about are rich anyway so it doesn't matter to them.
10  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 04:58:11 PM
I think Noone from ordinary people with ordinary amount of monthly income, just like I am, will never be able to invest in bitcoin now. Unfortunately the majority of people on the exchangers are just ordinary ones. I believe there are those who are investing in bitcoin or just collecting it by doing different types of jobs paid in bitcoin, signature campaigns for example. Such people will win a lot if that 'if' about which you are talking will happen, cause of basically they didn't invest much, but the probability of high bitcoin's price still stays high.

I mean anyone can invest in bitcoin, i'm guessing you mean enough to make you rich right? Which is kind of my point. The average Joe in my eyes, should aim to own 1 bitcoin and then just wait. What will be will be but at least you are in the game.

Think about it, we only invest in bitcoin to make money. I don't care what anyone else says, that's the simple harsh truth.
11  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 04:38:30 PM
The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

I agree with not wasting your life away waiting for a come up. What I don't agree on is Bitcoin being outlawed entirely, for any given reason.
 It would be much easier to impose regulations and tax it to death.
  You say the only reason why people buy into the market at this point, is in hopes of making a profit, possibly true. I don't pocket watch others spending habits, but I'm sure some did cash out during the steep inflation period which peaked around $20,000.
       I could have bought Bitcoin at $10 a coin but I was young and immature, not understanding quite what it stood for. I'm sure many were in the same position at the time. To be honest, I had thought Bitcoin was another variant/ alternative to E-Gold or something. I didn't really handle my due diligence then.


Wise thoughts. Yeah they will have a field day taxing the hell out of it. I personally think bitcoin will be worth $10's of millions in the future, where 80% are held by government bodies and the rest of us are fighting over the rest. Who knows, just another persons imagination running wild.
12  Bitcoin / Bitcoin Discussion / Re: majority will lose money and minds on: January 06, 2019, 04:25:51 PM
Any particular reason for your ranting?? I believe you belong to that mass who had entered into bitcoin market during late 2017. Otherwise, I don't see any other reason for your ranting. Are you neck deep in debt just because of bitcoin. If yes, start a crowd funding activity and people will help you to get out of that. Why waste unnecessary energy in rating??

We really don't know where bitcoin will be heading in future, all we can do is speculate! Every speculation has two sides of it and you are surely standing on the opposite side compared to me! Just keep calm and believe in blockchain. This tech is going to change the world for better!

Also just remember a golden rule for investing into unorganized sector that, never invest anything which you cant afford to loose! You don't seem to be following that!

Hi there, I entered when bitcoin was around $600 a few years ago and lost a shit ton of money. Became obsessed with cryptocurrencies in general which spiraled into a dark depression. I'm guessing you mean "lose" and not "loose"? anyway, I can't afford to lose anything, that's why i'm always questioning the space. FYI I follow the beat of my own drum.

"Just keep calm and believe in blockchain. This tech is going to change the world for better!" Quick question, can you explain to me how it is going to change the world for the better?
13  Bitcoin / Bitcoin Discussion / majority will lose money and minds on: January 06, 2019, 03:45:21 PM
The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.
14  Bitcoin / Bitcoin Discussion / Re: people die, bitcoin's immortality on: December 30, 2018, 02:02:52 PM
I find that there is a lot of hostility and sarky comments on bitcoin forum. Had several accounts over several years and no matter what people post, there is always someone there to be a moany little punk. I and everyone else don't get paid to write our thoughts, who are you to judge what i write. So you think your so clever and superior to everyone else, show me.

Create a single none manipulated thought. Post it and we will see how smart you actually are Mr Smartguy.
15  Bitcoin / Bitcoin Discussion / Re: people die, bitcoin's immortality on: December 27, 2018, 04:29:17 PM
A lot of BTC will be lost over time but the rate at which it is lost will only decrease. People would have been careless with it in the early days because they wouldn't have considered its future worth. One big difference with BTC is unlike fiat - if someone else finds your lost BTC they can't just pick it up and use it, or if you die it can't easily be passed on.

I find it fascinating that over a long enough timeline, all bitcoins could be lost due to human error. As in, you have not provided a spouse to access your wallet. I'm guessing 200 years from now 80 - 90% would be lost if bitcoin survived that long.
16  Bitcoin / Bitcoin Discussion / people die, bitcoin's immortality on: December 27, 2018, 04:17:44 PM

Bitcoin. There will only ever be 21 million bitcoins and 4 million have already been lost. The last bitcoin will be mined in 2040, 21 years from now. How many more will be lost by then? The main thing to consider which nobody is mentioning is, people die. People who own bitcoin and have never shared there private keys with anyone else, die. How many people who own bitcoin will die in the next 21 years. What about the next 40 years? IF bitcoin is the one and it is the next move in the evolution of money and it is consistently being lost over time the value will increase exponentially. Think about it, 4 million lost in the first 10 years of its existence. Lets say conservatively 15 million are left in 20 years time, how many do you think the likes of JP Morgan, Sachs, Soros, Gates, Musk and governments of the world will own? You and me are WAY down in the pecking order. The rich will scoop up the majority and leave the world fighting over scraps.

I believe less than 1 million bitcoins will be accessible to the general public because the rest will be vaulted away. One world currency seems inevitable and seems like its getting closer and closer. Million bitcoins divided by just 1 billion is 0.001btc each, current value $4ish. Yeah sure there could be more bitcoins on the market and yeah the population could be 10 billion people in 20 years time who spend a currency and yes it will not be divided equally, its just a rough example of what could realistically happen. 0.001btc will be worth a lot more than $4ish that is a cert.

So many predictions on what the value will be one day. Mathematical equations, previous data and technical analysis. But in the end it comes down to one thing, acceptance. If it is given the green light, in bitcoin we trust. On the flip side of the coin a red candle would indicate, prepare for war. You cant shut down bitcoin, the founder is a ghost and now it has its own satellites in space, which means it doesn't even need the internet any more. Lightning network will take BTC to mass adoption, are you seriously even considering betting against the smartest people on the planet. What is bitcoin? Anything you want it to be. If you think about it logically, we live in a digital world, where 2 year olds are playing minecraft and entertainment, socialising, possessions live online. Food is ordered through an app and the likes of amazon deliver what ever you imagine. Once a tree was a seed and you never even existed. $0.003 BTC has reached $20K and 99.9% of the population were unaware of what bitcoin is. Imagine when 10% jump on board the moon train, wouldn't that make bitcoin
be worth $2 million each? I understand this would put bitcoins market cap in the 10's of trillions of dollars. You need to understand its not a company, its not owned by anyone it is essentially money. Like gold as an asset, as a whole is worth around $7 trillion. Comparing gold to bitcoin is like comparing a horse to a car. Both are a means of transport but are to complete different entities. You can choose to ignore, you can choose to trade, you can choose to hold. Many choices are on the table for those who have access. If you have money spare and are not invested in bitcoin it might be  worth asking, why?

The chances are your money is in a bank account earning 3% average a year if you don't touch it. Lets say bitcoin is $4000, lets say you have $4000 in your bank earning $120 a year (3%) if your lucky. In 10 years time you will make $1200 assuming your bank has not collapsed. How much will you make off bitcoin? This year its entering the stock exchange, 8 bitcoin terminals are being setup daily, lightning network is being deployed enabling fast payments for retailers, bitcoin is deflationary, accepted on a global scale, the future of money. Who knows how much you would make but the most you could lose is $5200. That's if a dollar is still worth a dollar.

If you are even questioning whether to invest or not your best off not. Mainly because you would not know when to cash out. Your mindset is limited to what is and not what the future holds. The world was is built through the imagination of those able to see. For countries to make bitcoin its main currency, the price needs to be astronomical to reduce its volatility. Example if BTC was $2 million, buying / selling 1000 BTC would not alter the price which is the equivalent of $2 billion. It would probably take a trillion dollars to drastically alter the price, which would exactly happen with fiat currency today. Bitcoin has, is and always will be successful. For you to succeed requires knowledge, patience, belief.

Bitcoin is always welcome at this address   3M5yqrrUH5CMyTXyhxmzemwFLsSNuzhqf6
The more donations received, the more I can spread the word offline. Making the public more aware of the world we are entering. Play hard, be safe.
17  Economy / Speculation / Re: BTC WILL Go 5K . on: June 10, 2018, 06:44:36 PM
Sell now or cry next week.
Right now price is under 6700$.


How have you come up with that analysis of 5k? just personal opinion I take it?
18  Other / Beginners & Help / Re:new to forum! on: June 10, 2018, 05:08:06 PM
Hi, i know i am classed as a newbie on here so you might not fully appreciate what i have to say. Couple of tips, learn as much as you can about investing your money - prices go up prices go down. Only invest what you feel comfortable with - personal decision. Always keep your personal data safe - lots of scammers. Learn the basics and progress from their. Never let anyone influence YOUR decisions. Ask aw many questions on here, there is always someone that can help.
19  Bitcoin / Bitcoin Discussion / Re: Best way to store Bitcoin safely ? on: June 10, 2018, 01:21:53 PM
hardware wallet, trezor or nano ledger. VERY RELIABLE, i wouldn't trust many methods. Paper wallet is not a bad shout, sometimes i feel keeping your information offline is the safest form. If your talking just a few dollars, yeah sure leave it on the exchange.
20  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin the Biggest Bubble in Human History? on: June 10, 2018, 11:09:10 AM
Everything can be classed as a bubble. Property market for example, 30 years ago houses were worth 1/10th of what they are today. gold, diamonds, antiques, collectibles what do they actually offer? Bitcoin is an asset but it brings so much more to the table. For bitcoin not to be successful is like saying technology will not be successful. Everything humans love, they digitize - pictures, games, music, videos, interacting, data, currency. Yes it probably is the biggest bubble in history, this is not a bad thing because if it "pops" it will just generate a new bubble and so on and so.
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