blockchain.info is good to go, they are improving the site in a good way.
i have my trust in them
^^^ I would go with this. ^^^ I had a few issues with blockchain.info's wallet maybe a bit over a year ago, but they were settled with their staff fairly quickly and completely. The site seems to have improved. The convenience is excellent. Nonetheless I only keep small sums there at blockchain.info. Larger amounts in my hardware wallets. EDIT: See my post (next page), I withdraw my blockchain.info endorsement... |
|
|
|
|
...
It is typically very hard to make correct judgments about what will happen, particularly in the future. Timing is even harder.
Although I much respect Armstrong, I do not know enough about HIS predictions (and successful ones at that) to know how good his record is. I suspect that if he had a REALLY GOOD record, then he would be really, really rich...
So, unless one has followed Armstrong closely, I would read his stuff and put that information, as well as all other information that you get from whatever sources you like as well, all into the hopper.
Nonetheless, all Armstrong needs is ONE GOOD PREDICTION to come true at this point, and he becomes one of the few worldwide respected financial gurus...
* * *
Armstrong has written that these waves do not indicate an exact point when something dramatic happens! 2015.75 marks the beginning of a years long process of a loss in "public confidence", I am still trying to figure out what that means and how to take that into account for my own preparations.
|
|
|
|
Who has ordered such a thing (nominally) - is the an organ of government that even possesses such a power?
During the great heist and power grab in the US in 1933 (called the "New Deal"), gold was ordered to be turned in, yet about 1% only did it.
The likely result of this that a government that has anyway lost its legitimacy among people is getting a one more formal claim that all the citizens are criminals, and may be selectively prosecuted unless they keep their mouth shut in the coming robberies.
My strategy has for some time been to ignore such. I am too dangerous to them that they would too much care whether I break their monkey-law or not. (I may have broken some law in the past, but in every case of the official harassment, it has not even involved my breaking the law - their attack against me is not motivated by real or even perverted sense of justice, but solely by the political expediency and what resources they have at hand at the moment and who other they need to whack-the-mole).
Some thoughts: (1) Yes, in 1933 the government was not able to grab much of the gold. I read estimates of around 10% of the gold was seized. But, whether the amount was 1% or 10% does matter much, 90% + was NOT seized. And in 1933 there was far more faith in .gov than there is now. On the other hand, gold was considered money, and so .gov essentially defaulted on its own citizens (seizing the gold by paying $22 / oz in paper, THEN raising the gold price to $35), and the best arguments that I have read suggest that government does not NOW need the gold, they can inflate... (2) rpietila, I am sure that you well know that the Soviets under Stalin enacted their laws such that EVERY CITIZEN committed at least one felony or other serious crime every day. This was so that the Communist PTB could arrest anyone at any time, and it would be "legal". Political crime like this is a real danger going forward.(3) " ... in the coming robberies." Nicely put. I do not see how .gov & banksters do NOT rob the citizens to keep their corrupt ponzis and schemes going... It is Easy Money for those at the top. |
|
|
|
|
...
We have already passed the Event Horizon re being able to pay off our national debt. It CANNOT be done. It certainly will not be done as our politicians have no desire to (nor stomach for) reduce our debt. This will likely end badly: hyperinflation, government default (one way or another), savage taxation...
There are many analysts who can explain this in better detail than I can.
But, the important issue here, IMO, is how each of us protect ourselves and our families from a likely disaster.
|
|
|
|
... cutesakura That's quite a list, even for someone like me who is extra-cautious (paranoid) about weaknesses in our financial system. * * * David Einhorn, mentioned in your Item 12, has some bad friends. This is long, but extremely interesting. Every fraud in the book: ominous DTCC, Russian Mafiya, slime at wikipedia, MainStream Media liars, etc. Everything...:http://www.deepcapture.com/wp-content/uploads/2009/08/deepcapture-the-story-v1.pdfThere appears to be a LOT going on under the covers. Economic Devastation may result. |
|
|
|
Naah! I only want the ones made of tungsten. Then I could offer them to the IRS as payment on my Income Tax. * Ones made of iron or zinc are dead-giveaway fakes..., even at $1.80 each, LOL. * Oh, did I REALLY write that? |
|
|
|
I am not sure if Armstrong at all understands Europe. Don't confuse your own desire to be a more functional society to actual facts. Europeans similarly believe that the USA is a mess that will blow up any time.
It will be "Mutually Assured Destruction" from the economic point of view then the guns (US) and immigrant situation (Europe)will kick in and add more fuel to the fire. I am not sure if I understand Europe... I have been there many times, and have found that we are all human, but Europeans do have some differences in how they see things. I don't see either Europe or the USA blowing up very soon (that is a probabilistic view...), but both societies have severe problems. If I had to *guess*, I would say that Europe has a big crack-up before America (nothing new to that opinion, TPTB and many others have written that). But, without Europe in good condition, the USA would not be either. For better or worse, Europe and America need each other to help keep the world civilized. I include, of course, Canada, Oz, NZ and Japan as Keepers of a Civilized World. Armstrong has shown that debt and lies are extremely dangerous. And there are way too much of both, in Europe and the USA. |
|
|
|
Hey guys, I am pretty new to Bitcoin and wanted to join a signature campaign to earn more Bitcoin. How do signature campaigns work? And do you guys know any signature campaigns that pay well and that I could join. Any help and tips are much appreciated.
I recommend to wait before joining signature compaign. Only few compagns pay newbies so better to join it as a junior member or above. Besides the reward that you will collect as a newbie could be done with few faucets. My suggestion would be to get more familiar with the forum, and read up on Signature Campaigns and how things work around here. I think the Campaigns are a great idea. The amounts that you earn are relatively small (for Americans and Europeans anyway, may be much more important to people living in places like Venezuela, etc.), but they are real. |
|
|
|
... Yes, Moriarty has a bad reputation. Interesting that you were scammed that way: a few small orders go through fine, then POW!, he gets you. Very typical of scammers. I have never heard of anybody having real problems with bitmixer.io (I use their service in the clear, I know nothing about using TOR). The only problems I have heard about are those relating to using an incorrect TOR site (!, careful) or otherwise not documenting their transaction with the Letter of Guarantee, the site strongly advises downloading and verifying it. Glitches can happen, but that Letter of Guarantee ensures that you have the proof you need. And other than little glitches, I have never had a serious problem with them, I have used them quite a few times. I advertise them because I use their service.... |
|
|
|
|
...
suda123 wrote:
"Look at all the banks closing down, the Citibank where I live just closed down months ago. Holy crap"
Many of the mega-banks are shutting down underperforming branches. That in itself is not a new story.
But, handling CA$H is an expense for banks (especially low value coins). Since the banks are cutting costs, yes, an electronic currency would keep those cash handling costs down.*
* An electronic currency might make banks unnecessary though...
|
|
|
|
It's near impossible to impose regulations on ethereal, virtual commodities that are transmitted via a peer to peer protocol... (See the music industry VS illegal file sharing)
Most people require fiat interaction somewhere along the way and that's where they can stick all the regulation they like in. If fiat gateways were strangled it could still continue but would lose a humongous amount of utility. Not many folks are all crypto. ^^^ This. If regulators were to shut off the fiat gateways (converting BTC to/from cash), that would hit Bitcoin very hard. At least in the BTC markets for real (physical) goods. OK, for music files, etc., BTC would appear to work fine. Even the gold dealers who take BTC as payment convert their crypto to cash. Would these dealers sell gold for BTC without the easy option to turn it into cash? Not likely. |
|
|
|
It is ridiculous Western Union still exist, they were most expencive 15 years ago and they are still now. Why people don't open eyes and use other ways to send money worldwide? They really dont care, for huge fees?
Convenience. It may cost like a mofo but there really aren't too many other options in certain scenarios. Yes. Over and over I read above that BTC is better (low costs). While that (low cost) is true, in places I care about (in Peru, in my US city, etc.) dealing with BTC -- buying and spending -- is very clumsy. Again, it looks like we need the "Network Effect" to kick-in, once enough players are doing BTC, then it will win vs. Western Union, etc. Unless BTC is badly flawed... Then you will have to pay WU the fees. You want money transferred somewhere? Pay up. |
|
|
|
... Biden is not going to run. And Obama appearing next to him at Biden's White House announcement likely means that the Justus Department will not indict Hillary. Hillary, IMO, has now locked up the nomination. She has the money and the majority of the D-Team support. Predictor/Economist Martin Armstrong's take today: "Biden bows to Hillary & Bankers" http://www.armstrongeconomics.com/archives/38492Hillary is the candidate of the banksters and the billionaires........... |
|
|
|
... Armstrong takes a quick look at the large outflow of capital from China: "China Capital Outflows Reach $500 Billion" http://www.armstrongeconomics.com/archives/38474That $500 billion outflow is just for the first eight months of 2015... Snip from his article: "So while some only want to focus on China selling U.S. long-term debt, they ignore the fact that the outflows far exceed the sales of dollar debt."^^^ Looks like many of the rich in China want OUT. ^^^ |
|
|
|
|
...
I just wrote on my doubts on predicting the future on another thread just moments ago, LOL.
The math and even the price history behind Bitcoin both hint at major price moves ahead. When? Ahh, if anyone knew, they would have the keys to the Money Printing Machine.
Technical Analysis (and I would include fractals, phi, Elliot Waves, etc.) has a long and controversial history. I know two investment guys who swear by it. But, I have not seen convincing evidence that it works. Yet many knowledgeable analysts love it and use it. Also, the machines and HFT-ers use it in.
The Rewards:Risk ratios seem to in favor of holding Bitcoin. As long as one does not risk "too much", and is patient, I see BTC as an excellent longer-term speculation. But, it should be seen as that: speculation.
|
|
|
|
|
...
No one has been very good at predicting the future, not the stock markets, not the global economy, not how the Middle East will go...
There are troubling indicators, many of which some of you above have raised. I see two grave, interconnected problems:
(1) Huge debts all over the world. Japan, China, Europe and the USA are all deep in debt. This is not well understood by the 99%.
(2) Government & bankster corruption and related. This is becoming a bit better understood, or at least realized by most people.
Both of the above are very hard to fix. There is no consensus on fixing either.
Especially re (2), to be fixed, some would be hurt, those "some" are rich and powerful who would not easily give up their ill-gotten gains. In other words, only hard landings will be the catalysts to change anything.
Beware and prepare.
|
|
|
|
... The sense I am getting from this thread (and others re gold & BTC) is that gold is the better, and certainly safer, asset. Yet most of us here (this thread it seems) own both! For reasons I have discussed earlier, I think that Bitcoin and gold are "orthogonal" (prices tend to move independently) and so are both good holdings. Perhaps the better discussion would be: What percentages of one's (net) assets should be in gold, and what percentage in Bitcoin?A reasonable start to this might be my own rough holdings: nearly 10% in gold, nearly 1% in BTC. BTC is very volatile, but does have the potential to be a winning lottery ticket...  |
|
|
|
So that is about 10% increase in 47 days. Around 16 August 2015 4M wallets and around 3 October 4.4M wallets.
If you put the curve on exponential it appears fairly flat which I suppose is a good sign - indicating possible future exponential growth.
There are many many variables here (I suppose many people create multiple addresses) but it does appear to be picking up speed which is a good thing.
Where this number comes from? Is it the number of unique addresses with non-zero amount? Or may be this is a number of registered emails on some online wallet like bc.i? I have several wallets there (no more than 10, but more than one) but do not remember details (no funds on each account) upd: oups. i see you are talking about bc.i yeah point taken. Many people have more than one account. I had 3, all unused now as I switched to another provider though. Still the uptick may be significant. Let's see what happens to 5M and beyond. I'm most interested in the possible exponential uptick. But like I said we need probably a few months of consistent exponential growth before we can get excited. This is true. I have several accounts and I still continue to make more account here and there. A lot of users are probably like that. I would agree, SerenaL, I too have a number of wallets, I try to keep re-use of wallets to a realistic minimum. Perhaps more wallets might also mean that more people are taking Bitcoin security more seriously. I also agree with ETFbitcoin, a better measure would be active users than wallets created. Perhaps even better would be actual net amounts of BTC in transactions, though an active user count would be a great indicator. |
|
|
|
|
...
Just reminding everyone that BTC did get over $1200.
So, I am not going to sell my BTC at $1000, maybe buy a tiny amount of gold. Maybe.
I am thinking big: either BTC goes very high, or else it may go to ZERO.
|
|
|
|
If no one is pro-Bitcoin then no one is worth mentioning. In my book, if a politician is not aware on Bitcoin and doesn't understand the importance of it in the next decades, he isn't just ready to deal with an entire country economy wise. If you aren't at the forefront of technological and economic development you are wasting my time. They are just corporate puppets in my opinion.
Hey, you don't want US Politicians to take a serious interest in Bitcoin...they'd fuck it up so fast. Seriously. Politicians need to keep their do-anything-for-the-vote intentions as far away as possible from this good thing called Bitcoin. +1 Yup, + 1 Yup, + 1 again. I think that is exactly what would happen, all kinds of abuse potential out there re a cryptocurrency and politicians. Maybe as the Bitcoin Ecosystem get stronger, it will become more resistant to political tampering. There is still a major BTC weakness: cashing it in for goods or fiat. Still, were BTC to become really big, maybe that problem would solve itself. But, if BTC becomes really BIG, then that would attract the interest of politicians... |
|
|
|
|
Show Posts
