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weird statemente about the need of non centralized exchangers.. can you please tell us at least a name of centralized exchanger? I think you have some confusion about this point.
"everyone" can set up an exchanger, make it works for couple of months and then disappear with others BTC but this can happen in a small bank in your city, nothing new, unless you have your coins in a wallet you own (aka you and only have the private key) you are not owning anything, just some numbers in a website like in your bank account (you check the balance and you have xxx but unless you withdraw the money you have 0).
Exchangers should be used only for trading and not as a wallet, only in this way you are safer.
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based on the assumption of: everything can be hacked, it does not exist a perfect system (if you are an IT expert you already know that), the only perfect system is a server not connected to the network without any input system connected and closed in a bunker, but also in this case there is the possibility to have your data destroyed, hence lost/stolen.
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
You clearly did not understand the point. At the end of the day, it is about who takes the risk in terms of security. If you place your money in the bank, the bank is responsible for the security and if the bank is robbed you still get your money. With Bitcoin you need to be able to create bank-like security yourself, and if you fail all is lost. you are the only responsible for the security of your coins there is no insurance for BTC (yet) so what's the point? I agree with you on your last point and in this world, or better in the IT world, it's up to you to keep your datas secured; put aside BTC and the market value, how do you secure your datas (which can be your sextape, your payroll, your family photos on the cloud or on your pc)? Same thing, if your account get hacked it's your fault (weak password, keylogger and so on).. in this crypto world you are the weak link. All in all it's just a matter of point of view, but at least we agree on the bolded sentence  |
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based on the assumption of: everything can be hacked, it does not exist a perfect system (if you are an IT expert you already know that), the only perfect system is a server not connected to the network without any input system connected and closed in a bunker, but also in this case there is the possibility to have your data destroyed, hence lost/stolen.
Stating that "there's everything to hack" without any explanation for me it's just a poor bait and i think you're trolling just for the sake of it.
Even the highest encryption protocol, the most complex and secure can be hacked but it would take time, so now, how long would it take to hack it? how long before the owner can take appropriate countermeasures? Does it worth the time/technology/you name it spent for the hack?
It's a good discussion field, but you are dragging down the discussion to the dumbest level possible, don't take the bait..
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well, as history taught us that nothing is too big to fail, BTC is not immune and can happen in this crypto world as well but this is a bit catastrophic point of view.
Am i a believer? yes but i don't consider BTC a religion, for me it's an amazing project who's still going strong with an huge support by the community, despites all the fuds going around (like most of your topics), don't take it personally but like somebody said in this topic, it seems you are just salty because BTC is not yet dead.
Will it die? for sure but for me it will be replaced with something different because the technology behind to run it it's already there.
If it's a bubble i guess it will last longer than us but for now, the price is still growing and that's a fact.
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Here is a detailed step-by-step guide to how the events will unfold for Bitcoin (and the other cryptos) :
- Bitcoin will start dropping in value sharply
- Bitcoin promoters and investors will say that this has happened many times before
- In this forum especially all will be saying to buy because it is cheap, and many will say to hodl
- price drops further, and all promoters will keep saying we have seen this before and it is a good time to buy and hodl
- price drops further, and waiting transactions are now mounting rapidly because despite the cries of "hodl!" quite a few people want to get out. But the way Bitcoin works prevents all from exiting when they want to.
- The price to get your transactions through becomes very high, in reality meaning only people with large holdings of Bitcoin can afford to get out. And they do because they have in many cases bought at below 1000$ and therefore they want to take their profits.
- As it becomes clear price keeps declining and it is impossible to get out, the smaller investors start to panic. It is the same as being in a large building with many people and only one small fire exit when there is a fire
- Prices now decline to a level where the miners can only make money by charging very high prices for transactions
- The high prices for transactions and the low price of Bitcoin means that no smaller investors can now get out of Bitcoin
- The price stabilizes at a very low level and it is impossible for the small investors to get out as no miners can make money any more
- Nobody want to buy into Bitcoin because of the very high transaction fees
- Game over.
and then you woke up wet? I saw this BS posted already in a couple of thread, what's the meaning of this? why are you spreading this crap over and over? Do you really believe in what you wrote? To me you looks like somebody who lost the train and it's trying to convince the community to give up, throw everything away and stop caring about BTC? I think you are in the wrong forum mate and the charts are saying the opposite, just don't listen to this crap guys. |
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ye, panic sellers are now in big trouble, they dug their own graves by listening to all the FUDS going around, despite that BTC is still strong and growing rapidly.
Don't think it can reach 10k by the end of December but if it would, i will not be surprised because in the last couple of months BTC taught us a solid lesson: despite all the shit talk about crypto, BTC doesn't care, nor the community we are still here supporting our beloved coin.
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i think from now on we will see every day a new high record and this is amazing for BTC!
We will always see some down after a new high because people want to make profit out of it by selling but right after the small down price going up is now the normal trend for BTC, keep calm and hodl your BTC because this roller costaster will not stop here.
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price of BTC is based on demand, just imagine if nobody would sell their BTC, the price would skyrocket but none will be able to buy, daily trading is helping the coin to stay healthy because that means there are still people willing to support it (besides the gain you can get).
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i would say between 8.5k and 9k by the looks of it.. couple of days ago i would have said something around 7/8k but it amaze me how strong is growing BTC, especially in the 2017. We all hope for the best of course but being practical it doesn't hurt |
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At present, it is not very safe, because BTG is not stable even on the Internet, so few miners have confirmed the network, and the network security is unstable so it is not recommended to buy.  is not stable even on the internet? i'm quite confused by this statement  I didn't even bothered to claim my BTC gold, i don't have much interest in it, like somebody else sayd, if the price will increase i might change my mind but for sure, my main aim is for BTC, we got this coins for free, good.. but i wouldn't hold my breath waiting for BTC gold to raise. |
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because BTC IS the cryptocurrency, the first, the one and the only.
Altcoins, even if profitable, are riding the BTC wave hoping to get their spot, while some of them are quite famous, most of them are crapcoins.
BTC are BTC, it's the most supported coin by the community, that's why. without support from the people, coins have short life.
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well, my story is a bit different, let me explain:
i had couple of LTC in an exchanger (which i completely forgot i had) and surprisingly the price went, in 2 years, from 4$ to 60$ and this was my first surprise so i decided to sell them and convert into BTC.
At that point i sent my dust to another exchanger where i had some BTC dust as well and by surprise i had a couple of 100$! Out of nowhere discovering to have such amount of money (not that much but still, out of nowhere) was an amazing surprise for me and my wife!
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my goal for 2018 is to keep gaining BTC with hard work, campaign, investment and holding until i can.
Saving money nowadays is hard for me so i consider BTC my only form of safety net in case of any emergency will happen in real life (finger crossed will not happen).. it's already hard to repay the debts i had to take in the past.. looks like it's a neverending black hole.
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people sell BTC for various reasons: they are traders so sell high and buy low, people who need cash in real life for different things and, yes they exist, people who are going out of crypto world thinking they have gained enough to stop following this project. I have read many time BTC is just a bubble and soon will explode and end.. well, let them think like this, it's a good stuff for us |
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the main difference between Paypal and BTC is the possibility to revert a payment in case the seller did something wrong (sent different item, didn't ship anything and so on) so you can open a controvercy with Paypal.
With BTC, unless you buy something by hand, you can't get back your money after the transaction.
What would be amazing is Paypal accepting your BTC wallet as funding your paypal account, in this way i guess there will be the possibility to revert your transaction with a sort of payment shield (think about Paypal acting as an escrow for your transaction).
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first time i've heard the word cryptocurrency i was like here we are again, another internet thing which will not be used in couple of weeks... oh boy i was sooo wrong Then i wanted to go deeper and i have discovered the blockchain and i changed my mind immediately, this can be an internet revolution (at that time i couldn't jump in the BTC train) and i was right. Look where we are now and this "internet-thing" will last forever! |
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mining straight BTC, unless you have huge amount of money to set everything up does not worth, at all.
If you have a powerful pc and not aiming to make money just out of that, you can try to join a mining pool and mine some altcoins which you will convert later on into BTC; id say to use the money you would invest into mining to buy some in an exchanger or locabitcoin.
Ignore cloud mining and BTC mining, it's better to invest into BTC directly.
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By Dec 1st BTC will be less than $3k as I STATED!!! I said in the previous thread "It's Time To Sell BTC" btc was at $7500... I also take donations if any of you would like to be so kind BTC: 15TrMUDKh8nwZLVbL58wLD81aZJkNEWVwk Oh BCH isn't the coin of choice either. The coin of choice will be on ETH network. (hint hint) reading this topic and especially this post made me laugh, not only this guy stated BTC will go down to 3K within 2 weeks he's also so kind to take you BTC to save you from the hassle! Low quality bait, just don't listen to the guys on the internet they hardly know what they're talking about.. BTC was at 7500$ and now? 7700$, i think you have to check your crystal ball and maybe change the battery cause is not working properly. |
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there is a small online shop (gardening stuffs) here that accept BTC as payment, transaction went smooth and without any issue.
Was surprisingly amazed when i've found they added BTC as for of payment, it was easy and fast, i would really like more and more shops to accept BTC, it would speed up everything!
On the other hand, when i can't pay directly with BTC i just convert some into fiat and pay with paypal, easy peasy!
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bitcoin doesn't mean money laundering but it can be used easily to buy illegal stuff.
There was a nice documentary about italian mafia buying piece of art like painting, statue and old relics; in this way it's considered laundering but associate straight BTC to laundering it's stupid, it doesn't work like this and like for any currency, depends how you use it.
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