I am amazed how few people in the US know about bitcoin and even fewer understand it. I work in a very technical field which allows me to travel and I am constantly surveying technical folks of all ages what they think about bitcoin. I would say only about half of the people have even heard about it, of those about 80% of the folks say stay away or "if you can find someone to give you real dollars for bitcoin, do it!"...
There are barriers to entry, so with current regulations there is some difficulty getting Bitcoin. If you don't have a checking account, you can't get BTC from Coinbase. In additoin, if you don't have a Visa credit card, you'll have 5 day waiting period where Coinbase may cancel your order due to "high risk." Other options are paying 5% more at localbitcoins. Or you can do bank transfers overseas to Slovenia (Bitstamp) or Bulgaria (Btc-e). United States is stifling innovation in digital currency.
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This entrepreneur, is from Argentina. Lived through 2 liquidations of his family's wealth.
Edit: I'm too new to post links so just Google:
WSJ Bitcoin Price…to $1 Million
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I love having BTC over 600. Anything in the high 500's just feels like it's bound to cave into the 550 support but above 600 it seems like it's about to take off. Just psychological, non-TA.
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i don't agree with blacklisting any addresses, period.
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I have a ton of wallets when I started. Was kinda fun sending money too and from different wallets. But then, the more wallets you own, you're more likely to lose some coins someplace. So... now I use paper wallet (encrypted key), Electrum, and Blockchain.info as a hot spending wallet.
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BTC-e did a demographic poll last year, and 90% of their clients were men.
BTC-e account holders are Chinese so that's how they roll in the East.
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LTC is crumbling. People are diversifying now that the silver propaganda is finally coming to light and people are understanding that they can do better than being subservient suckers.
0.016 breached .....
LTC is bloated, already 28 million coins and nearly 3x that still to be "printed" into existence.
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Nothing wrong with taking profits, but to exit the Bitcoin market entirely seems a bit hasty.
Kid has got a head start on life, but $100k isn't very much especially after taxes.
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If you just had sold the gold for BTC in 2010 But yeah, sell, hold and be happy in 1-2-3 years. Just hope it's not plate. who cares, it is the collateral for a laptop. $1000 of gold or $1000 of plate is the same. Laptops are definitely depreciating assets. So are most girlfriends Haha... thanks for the advice guys. One is a Chanel ring and the other is a Movado watch. Good name brand stuff that should hold their value.
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Need more Bitcoin.
Wondering if I should sell my ex-girlfriend's old jewelry she gave me as collateral toward a Laptop back in 2010.
She never paid me back, and I haven't heard from her in years.
Or just keep it since it's gold.
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Very odd how DRK is very inactive on low volume going into the Fork.
It's like everybody is waiting on the sidelines to see what happens after the fork.
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I llike blockchain.info, much easier to understand.
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I just did constant reading on the forum, transferring money among different wallets, making purchases, watching YouTube videos, calculating fees at brokerages, and more.
You learn by doing. I'd say it took about 2 months to get a decent grasp of the terminology and how things worked.
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Never keep as much online as you can afford to lose. Just remember Mt. Gox.
Only relatively safe spot IMHO, is blockchain.info with 2FA enabled. I use it as a "hot wallet" for spending.
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Generate a paper wallet from a offline linux computer that has never and will never touch the internet. and never use an offchain/third-party wallet, always have full access to your coins. -ranochigo
I do this. I boot up Ubuntu via a USB key using "try it now" instead of a full installation. I have a local copy of bitaddress.org saved. Then I generate some addresses and save to a USB key. Copy public addresses then stash away the USB key. This way, the private addresses never gets online.
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I'm betting for something over $600.
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This is my first post, but when I try to reply to any other post I keep getting:
"The last posting from your IP was less than 360 seconds ago. Please try again later."
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