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I agree, bitcointalk is a great way to get information. I have been helped, gratis, several times when I was stuck on something or other. A great community here. Subjects, just some that I happen to recall:
-- entry-level technical questions
-- cloud mining not worth it
-- mixing coins feedback
-- arcane technology of BTC and encryption
-- a tutorial on PGP by a fellow here
Many others... I started here as a beginner, NO ONE else I know personally knows SQUAT about Bitcoin.
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Like so many of we lazy ones looking for "passive income", I have looked at some cloud mining opportunities. I even asked here at bitcointalk about a couple of them.
Bottom line is I have not found a single one that pays enough to an investor to make it worthwhile. And I have looked.
So, based on my experience, and the comments of many knowledgeable people here, I doubt that ANY of them are any good.
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I was always told that gold always goes up in value because their is not much gold left in the world. With Bitcoin this is not the case the price of the Bitcoin is decided in a other way. So I think I would choose gold.
Gold does not always go up in value. From 1980 for 20 years gold was in a bear market. You are correct that gold supplies worldwide are decreasing, but that is not the main driver of prices. People buy gold for diversification and as a hedge against .gov malfeasance. Gold is really the best Store of Value over a long haul.Holdings of gold vs. holdings of BTC depend on each person. For most people with wealth to protect, it is probably better to hold more gold. But holding BTC is a great idea too, diversification! |
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Having gotten tired of BTC ATMs (expensive, 9% - 14% over "spot") and localbitcoin.com (a hassle), I went looking today for a better solution to buy BTC. I wanted to find a BTC exchange that was reliable yet easy to use.
Especially that "easy-to-use" business. I'm an American after all. "Simplicity is a virtue."
So, I looked at several options, but none looked very good. For example, cex.io and others would not sell to Americans in my state. So it was between Coinbase and Circle. I tried Coinbase first, but could not get very far. Then I tried Circle. Withing two hours after Sign-Up and verfications, I got Bitcoin sent to me. Payment (first to my account there) by debit card.
I still have yet to hear back from Coinbase even after filling out a ticket asking for help.
Circle is the winner, at least so far.
EDIT: I got $9.87 worth of BTC when I asked for BTC to my own wallet (not at Circle). 1.3% net fee. Not bad!
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Cyaren
I have no idea when the manipulation will end. Manipulation, done subtly, is very difficult to detect and even harder to prove. Deutsche must have been rather blatant (or manipulated A LOT). I believe that Deutsche was sued by private parties, NOT by the regulators (Bart Chilton asleep at the switch, LOL).
The miners really did get screwed big time. We'll see if they join in the lawsuits.
Re bullion buyers and holders, well, we will just have to wait and see.
* * *
There is a possibility of a "FOFOA-Style" sudden revaluation in gold possible however. Should the +/- 100:1 ratio of "paper gold" to physical gold become unsustainable (probably is unsustainable), then a very sudden revaluation WAY higher could happen quickly.
And it's possible that the government itself could do it! Imagine this: the US .gov one day announces that it would buy any and all gold for a very high price (and even arbitrary number), say $5000 per ounce. The price would jump to AT LEAST that number worldwide. The price would likely go even higher as people see "paper gold" worth nothing. Then, the US government, and any others with large gold holdings, would have MUCH MORE in reserves to pay off debt.
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Europe and European have a LOT of problems. Muslim invaders that they do nothing about is just one, albeit a big one.
The European banks apparently have at least as much, or more, debt on their books as the American ones do. And like stan.distortion above mentioned, Europe has a lot of weaker banks and countries that they have to tend to. Italian banks are now in the spotlight.
Deutsche Bank is the Gran Enchilada of ticking time bombs. They were just busted by admitting manipulating silver & gold prices for many years. Deutsche has HUGE derivatives exposure, more than any other in the world IIRC.
Tick tock tick tock
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... To answer your question specifically, I don't know. Probably though. * * * Deutsche Bank just admitted to manipulating Au and Ag, and has fingered UBS and one or two other banks as well. The lawsuits have already started, at least in Canada, and I'm sure they will start in the USA soon. The most obvious ones hurt by Deutsche Bank et al would be investors in gold & silver mining companies.Bullion buyers, by contrast, had several years of cheaper prices...  |
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Great list. You should add Factom too. It s going to be really big when talking about data storage solutions and smart cities.
Yes, I would add Factom as well. They have an interesting story, and as soon as they land some big contracts (they were looking to put all of Honduras' land records on a blockchain -- I do not know the status), then they may take off. Storage... |
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Is anyone conducting an investigation into the addresses related to this whole fiasco, to try and uncover where all the missing funds went?
Yes, that would be of interest to me in this case too. 13% of 13,000 BTC would be worth: 1690 BTC at $410 per is a cool $629,000... If the story is true, then the hackers likely have sent the BTC to all sorts of addresses worldwide, mixed-the-hell out of the coins, spent some, changed them into alts, etc., etc. "Three gets you five" those coins are gone forever. |
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as far as i know it is real and from genesis mining
If it is so, then that is a great thing. Bitcoin lacks advertising in general. Have you ever encountered a Bitcoin-related AD? I know that I haven't. Pulling one on Trump makes it even better. Yeah, touché Lauda, publicity for BTC is a good thing. Pointing out Bitcoin's highest and most useful role (avoiding capital controls) will get more people thinking about our economic freedom. But, I doubt that Mexican immigrants and Mexican infrastructure (in MX) is ready for wholesale adoption of Bitcoin. That will not happen for some time. To my knowledge, Trump has not come out against Bitcoin. But, a hard crackdown on BTC and its ecosystem might be very damaging. .Govis very powerful when it decides to crack down... |
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As some commenters have posted above, part of my actions would depend on what happened to get the price to a buck, and what I saw the future prospects were.
But, if the price DID go to $1, I would have ALREADY lost a pile of money, and so might risk $500 more in case the price quadrupled or went 20 x higher...
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Another phishing attempt with a new account!  Bitcoin Fog is abandoned after op is caught scamming some customers with high volumes of mixing orders. And who will knowingly jump into a sea with deadly sharks? I don't think so. I used this mirror http://foggeduu2ws5bxk5.onion when http://foggeddriztrcar2.onion was temporarily unavailable Hmm, "temporarily unavailable". Long wait times. With all of the problems of the Fog, I still do not understand why TOR users do not just use bitmixer.io's ".onion" site. Disclosure: I do not use TOR. Beginners should probably avoid the FOG like the plague when there is a great alternative that hardly anyone ever complains about. |
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WTF happened to our world. Instead of engineers and coders, we've become the social misfit conformance cry baby gestapo propaganda slaves. Is that how you young Europeans think about life, that is always about equality as a human right. Fuck man, no wonder Europe is fucking toasted. Entitled spoiled cry babies, who get pissed off when we don't let them make MLM scams to steal from us.
Hahaha europe is becoming a zombie collectivist land. Soon they will become borg and they will assimilate us all  Well, what gets me about Europe is how they have just submitted to their Islamic Invaders. In France and the UK (probably other countries too) I have read about "No Go Zones" which are Muslim neighborhoods in major cities. The cops and firemen are not invited in... I doubt that American tourists would be welcome either...  I continue to wonder how much longer the feckless Euro .govs will just let things simmer. At some point, my hunch is that the Hard Right, in one form or another, will take the lead in discouraging bad behavior by the Rapefugees. Should Syrians or Somalis (Obama's latest harvest of Muslims) wind up raping American women, the response here would be very different. Americans are armed, and will not let them get away with that shit (at least after the first rape or two). |
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... Armstrong put up another piece of interest re Phase Transition (and taking a poke at the Republican Party establishment). Marty received a t question on the Phase Transition, and when it would be "over" (money would then leave the USA, as TPTB has explained at length elsewhere in this thread). https://www.armstrongeconomics.com/history/americas-economic-history/the-other-side-of-a-phase-transition/Armstrong also takes a nice poke at Reince Priebus, the head of the Republican Party, who appears to be anti-Trump. Priebus is very much The Establishment, and represents the old thinking of the R-Team, which has so disappointed & enraged conservatives in the USA. Highly recommended! |
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... Armstrong has a new piece on gold: https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/chinas-coming-gold-fix-april-19th-2016/He doubts that China will (or even can) do much to destroy the dollar. Where would they put their $3 trillion? China is already the world's number one producer of gold, and their .gov is encouraging their citizens to own it. Armstrong also disses the idea that gold will go to a very high price ($10,000, or even $64,000, non-hyper-inflated dollars). I am not sure that I agree with MA on this. My best guess is that they will run out of physical gold at some point vs. all the paper gold. I guess we will wait and see. * * * Shanghai's gold exchange starts running on April 19. There is some buzz in the gold community about that, but recent price movements in gold show no apprehension either way (price up or down). * * * YES, at some point I hope that Armstrong takes a good look at Bitcoin and offers up his unique perspective. |
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 The Fed Governor recently gave a speech in front of bankers. Bitcoin.com deciphered some of her quotes into normal english lol “Today, the possible development and application of distributed ledger technology has raised questions about potentially far reaching changes to multilateral clearinghouses and the roles of financial institutions as intermediaries in trading, clearing, and settlement for their clients.” Translation: There’s a risk our system could get disrupted by this new technology. “In the extreme, distributed ledger technologies are seen as enabling a much larger universe of financial actors to transact directly with other financial actors and to exchange assets versus funds virtually instantaneously without the help of intermediaries both within and across borders.” Translation: Our system could be made obsolete by an alternative, decentralized, peer-to-peer, open-access system. https://news.bitcoin.com/federal-reserve-on-bitcoin/ I doubt (but do not KNOW) that the FED has any worries in the short-term re Bitcoin taking over the financial system from the banks. For sure they are going to watch developments in the Bitcoin Ecosystem. If BTC gets to the point (years from now) where it would appear to be some kind of threat, the Central Banks then may try to kill it (with the help of their buddies at .gov), or perhaps co-opt it (regulate BTC or just buying up BTC companies). But, the Banksters have bigger fish to fry right now: health of their banks, political problems, derivative exposure, bankruptcies... |
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I see two problems holding back immigrants sending money to Mexico with BTC.
1) They have to buy the BTC here in the USA. Many do not have bank accounts, maybe most do not have computers (etc.). Availability of Bitcoin looks to be a problem.
2) As mentioned above, how do the Mexican recipients change their BTC to pesos?
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I will be seen as being biased, because I am wearing their signature... but I believe in wearing the signature of the site I am willing to support. I regularly mix my coins on this site because I do not know, what and who used it before me. If it was used for illegal things, I would not know... for this reason, I just mix them a little bit to give them a good cleaning. I have never had any issues with them and when people have problems it gets dealt with very quickly and professionally. See these threads for more detail : https://bitcointalk.org/index.php?topic=415396 { Official thread } https://bitcointalk.org/index.php?topic=1027818.0 {Poll } https://bitcointalk.org/index.php?topic=1052688.0 { Thread where most reliable mixer services is nominated } Hope this helps... See, I am not the only one saying this..  Kprawn's post reflects my views as well. I have used bitmixer.io many times, including recently. It has been more reliable for me than ShardCoin (at blockchain.info), although my problems at blockchain were over a year ago and resolved OK. I also am with bitmixer's Signature Campaign because of their great service. [banned mixer] looks (at least superficially) like bitmixer's pages, but I have not used them. |
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