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Bitcoin ATMs have two "features" lately that I do not much like:
1) They insist on ID. The first "BTM" I ever used (in NYC years ago) at that time did not... I spent ALL the cash in my wallet to buy BTC...
2) They have gotten VERY EXPENSIVE in my city: 14% !! Forget it.
Since buying from Circle was no worse (from KYC/AML standpoint), I just switched to them because they are cheap.
I have bought via localbitcoins (cash at a Starbucks), that works well if you actually can meetup.
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The twins maybe a real gamblers to gamble and put to risk million or I should I say their billions of investment. If in case the price will go down they will get a heart attack
their average buy in is $10 or less. they're gonna have quite a wait before they get twin heart attacks. i'll bet there is alot of trading going on behind closed doors. there was the tweet from the bitfury guy a few weeks ago turning down a family office looking for 25,000 btc. as for the price suppression thing, surely new waves of whales arrive all the time. does this mean the bitcoin price is going to be suppressed until every whale in the whole world has what they want? that's several decades of suppression. by that point everyone else will have migrated to coins with some actual action leaving all the whales with worthless tokens. ECB Your comments are interesting. I suppose that many (I don't know about most) BIG investors did buy in at much lower prices. I might not have! BTC was a tiny, little known speculation back then when I first heard about it. I doubt I would have put much into unproven BTC. Also of interest is the Bitfury guy declining to sell a BIG amount to a family office. I missed that item. Family Offices often have HUGE amounts of money (as did the one you mentioned). I only know of one, but they are not that wealthy, they might pony up $2,000,000 or so for BTC, I doubt any larger amount. * * * It would indeed be of great interest to learn more about the almost surely opaque world of LARGE PURCHASES of BTC (great illustration Shiroslullaby). What say you all re such large purchases? Would many of them (OTC) be done via the mining pools? Do any of the very early wallets with HUGE balances sell much? So interesting...  |
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I argued that faith provides the best chance of success on this front.
C'mon faith and religion can be both bad and good. I know personally a dozen people that pray everyday to Jesus to make their lives better, but never really do anything about it, only drink alcohol. It's only thing to have positive attitude, and have this sort of religious support on your shoulders, but it's another thing to really fix your life independently even if you are in a bad situation. In the Health and Religion thread I looked at the data on correlations between happiness and religion. Most of the benefit is associated with the highly religious. Being nominally or moderately religious had little benefit. Praying for divine intervention to passively "make your life better" without actively changing anything is an obvious recipe for failure. Praying for improved self discipline to affect change or for insight into how to change is far more likely to be beneficial. For the devout and observent religious individual the odds of ending up in a situation where it becomes necessary to "fix your life" is probably much lower. I am late to this conversation, but I can offer myself as a example in how religion helped me turn my life around. Without going into details for now, I took a different path (action) at a bad place, later I found that I had misread Christianity all those years... I tried again. Prayer turned things around absolutely for me. My life, no doubt and beyond question, is much better than before. In my case, I had to "fix my life" (more correctly stated: allow Him to fix it). I do not feel that I It might take either fierce persistence/motivation or (in my case) a new way to look at things to have a similar success. |
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... Steganography looks like a great emerging technology that may become very important in safeguarding our BTC (not to mention our freedoms). Please keep us up to date on your efforts, you are doing great work. Two thumbs up! The step after the next would be to make your software easy-to-use for us non-tekkies. |
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Unless you are very technologically adept (or very comfortable with risk AND able to predict the future), I would not have more than 5% of net assets in bitcoin.
My BTC holdings are just under 1%. I am HODLing at this point. I suspect that BTC is not invulnerable to technological change, it could go to zero (although I doubt that in the short-run).
1% - 5% is plenty to positively change your life if BTC has a massive price spike up.
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your average person is a drone
Nothing wrong with being a drone if you ask me  Exactly what do you have more compared to these drones? Doesn't it always boil down to personal choice/preference? If you are happy being a non-drone and they are are happy being drones, wouldn't you say that you're both in tune with your respective natural states? The problem is that everyone thinks they know what's best for everyone else. One can only ever truly speak for oneself.Emphasis mine in your remark. Banzai, nicely written. That is almost a concise definition of totalitarianism right there: someone who thinks (and insists on) that they speak for others, at the point of a gun. * * * Perhaps being a drone is not too bad if you get to service the Queen... |
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They will not open to new members anymore as Bitmixer has already more than enough people in their campaign.
And those that are already enrolled in their campaign will not leave as it is the most consistent and top paying campaign.
Bitmixer is the only campaign I have ever been in. I started as a Full Member. They have been absolutely 100% consistent in paying me (other than a bitcointalk glitch in re-coding something, I got paid a day or two later). They seem to have a rip-roaring business. Making money... Their MIXING SERVICE itself also worked great, pretty quick, and problem free. I used their mixing service before I joined their Sig Campaign, because I was happy with their service and felt no doubts advertising it. I believe they made their intentions clear: they no longer needed low-ranked members, and would retire more senior accounts as they dropped out. |
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iamnotback
As maybe the most "layman" of the group, my thinking would be that Bitcoin has to have more success among the unwashed masses first. There are not all that many people in the Crypto Universe, and most of the action is in BTC now. I think the Crypto Universe has to get bigger first.
But, should the C.U. get bigger, then a good alternative to BTC might be able to bust down the doors. The Alt would have to be running more silent and more deep than BTC, as well as be easy to use (no harder than BTC now).
An Alt would need a fairly big pond (bigger than the pond is now), and would have to demonstrate marked superiority to Bitcoin to be the winner.
Could happen though, I am disheartened by the squabbling among the BTC developers.
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"The Halving" seemed to disappoint those who were looking for a higher price (myself included). And BTC price stayed pretty locked at around $666 (hmm...?). It looks like the halving was factored in by Bitcoinistan -- that is, it was so anticipated that the price moves took place BEFORE.
To my knowledge the $682 level we are at now is the first real move since the halving. Now that we have several days "Post-Halving", perhaps that fundamental (lower BTC production) will assert itself.
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I am wondering if the recent terror in Nice and the two mass-shootings of cops in the USA (today three dead cops in Baton Rouge) may be pointing to a quick deterioration of economic and political conditions in the West.
[I discount, for the moment, the attempted coup in Turkey, as it is not clear who did it, maybe Erdogan himself]
#BlackLivesMatter (and other leftie-scum) will be participating outside the RNC there in Cleveland. We may learn more if they riot.
* * *
Urg. A Hillary ad is now playing on TV.........
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That is very good news, nvK.
A low cost and easy to use hardware wallet is likely to do well. I hope that we get some reviews. If your product works well, you may want to start planning your third and fourth production runs.
When do you expect to be able to ship this new batch?
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iamnotback
There you go, you just stated better than I ever had Armstrong's real value to me: his macroeconomic analysis.
I do not day-trade either, having taken a shot at trading in the 1980s, I then understood that I did not have the aptitude (nor even attitude) to "trade".
Nor do I really care much about his short-term calls, since I do not trade, I do not give a crap. Nor do I have any interest in ponying up money for his trading services.
Armstrong is a guy who has economic history nailed, his insights are spot-on. We will see what his Socrates system shows us. Maybe something great & useful, maybe not.
* * *
Re your opponents sloanf and r0ach, recall that you do not have to respond to them, if it's all a waste of your time (etc.). Also, should you decide to continue taking them on (which I would encourage), their critiques of Armstrong will only help you sharpen your own analyses. Not that that helps your Bottom Line or anything...
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... I have only bought gold with Bitcoin, and I did not get any special deal (lower price) using BTC with: providentmetals.comIt's convenient, and I get my PMs faster, but they charge some 1% more (vs. check). They hold the check a week though until it clears. Nor have I found anyone at eBay who will take BTC. |
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... Armstrong today (11 July) tells of a case of one of his contacts in Italy. This is the first time I have read of a run on Italian ATMs, but it certainly is plausible: https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/banking-panic-in-italy/We are nowhere near the end of all of this... * * * bumbum It is important (if you want to better understand) that you read a lot of the this thread! Armstrong's ideas are not easy for many (inc. me) to digest. iamnotback performs a useful service for all of us in helping to explain Armstrong's ideas, while his two main opponents take their shots (all is fair). Armstrong treads where few forecasters have before. |
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AgentofCoin
Thank you for the links. If I had to guess, that seems to be what this trx is.
I hope that "they" make it easier to use stealth addresses in new versions of Bitcoin Core (if that can even be done). The more privacy, the better, especially if it is easy to use.
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guys chill out
if you thought that the price would jump the minute it hit block 420,000 then you do not understand bitcoin, you dont understand mining and you dont understand trading..
here is some lessons
miners cannot spend the coins instantly.. they have to mature first.
miners do not pay for electricity every hour. they pay it monthly.
so if you are expecting instant price changes today you are just fooling yourself.
give it a few weeks-month for miners to actually experience a decrease in their income when they actually start to pay bills.
just like the last halving.. miners did not really see a change in their spending until the chinese new year ended and the bills started piling up when things went back to business..
it will not be an instant thing, it takes time for the real world to see the effects
Yes, that explanation makes the most sense to me. Also, there is a LARGE stock of Bitcoin out there, I do not think that a relatively minor (in the short-run) trimming of BTC supply is going to matter at least for a while. As time goes by, and if demand for BTC picks up, then we will likely see something grander... |
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... Here's a transaction type I have not yet seen: 1B953j2fgUmP63vLUVTpK4f65mkKt1oZaH ($ 15.99 - Output) 1N4G8s4gHwQXD71yvguLXnErYYWs9qnwL4 - (Unspent) $ 3.20 Stealth Address Data - (Unspent) $ 0.00 https://blockchain.info/tx/b9c86416274aa8e233a838ac84dfb9a576f73dde3cc9ed941fafaf5cdff13412Since the Output ($15.99) <> to the Input amounts ($3.20), I wonder what that "Stealth Address Data" is. Being able to send BTC to stealthy addresses would be of interest... |
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