Hey Bitcoin talk.
So... As the title says.. How did you get into this wonderful world?
I made my first investment back in November 2013 into Goldcoin.
I invest around 20$ of BTC into it, and I managed to pump the value of it from 0.0053$ to 0.18$ that I sold at.
Which gave me 666.666$ profit... Such a funny number when you think about it! xD
It was not my intention to pump it like that, but I had no knowledge of the cryptoworld.
I was argueing with some users from the GLD community and I was pissed, so I sold out and the days after it crashed hard in price.
I was hooked when I got that big of a profit.
Thats how I got in.
What about you?
~Hamuki
I started getting serious in crypto roughly about the time when this account was created. And during that initially period I was more interested in quark rather than bitcoin. Was basically attracted about how fast the confirmation time is, the security, no cap limit, but after having seen the internal squabbling within the community itself, I just decided to leave. And I think I've made the right choice. |
|
|
|
|
If you have formatted without saving your wallet.dat file usually located in yourcomputername/appdata/roaming/multibit, it will take a lot of effort to recover your coins. The wallet.dat is the file containing your private keys. Your approach right now should be immediately install a file recovery software and provided you could still see the directory, you will need the file to recover back your coins.
|
|
|
|
I think it's starting to become clear that bears are losing their hold over this market. They try to instigate a panic with huge market sell orders or attempt to erode bull confidence with pump and dump tactics but the price still seems to be slowly but steadily pushing upwards if you filter out all that noise. Once the daily MACD goes into positive territory we could see a huge spike into the stratosphere. And I mean really huge because it will coincide with a breakout of the bullish wedge that has been forming since December 2013. I'm looking forward to the next couple of weeks.  I think the Bears have had their day(s), and the Huge Rally is finally starting to form.  I believe no matter how they manipulate the market, eventually it is still the fundamentals that is going to dictate the direction where the price is heading. If the buying support is strong, I'm sure every new coins that made its way to the market will be bought. And talk about adoption rate, participation and support from the community, new joiners, fresh funds, all these do a make a difference. And the bears will certainly have a hard time trying to manipulate the price. |
|
|
|
Buy bitcoin for $250
Wait until it goes back to $300 and sell
Let's say you invest 50 000 euros, you'll get back 60 000. That's easy 10 000 euros. Of course you can invest more if you have. What do you think?
Not everyone would think the same as you. With 50000 euros, I would certainly wait and buy the coins over a specific period of time. Probably 10 bitcoins over 20 months. At least by doing this, you are buying at the average price over the course of of the time period. Talk about selling for quick buck, no, I would hang on to it for long term gain rather than making a short term bet. |
|
|
|
I care I'm earning my bitcoin and after that I cash out my bitcoin balance to my bank account through paypal. This money really helps me each month so I'm very concerned about bitcoin price. Probably you should consider keeping a small portion (which you can afford) and leave it as it is without ever looking at the price. Who knows what the future holds some day. If by any chance it does grow big some day, bitcoin is not going to be cheap anymore and by then, at least you will have some sizeable stash along with you. |
|
|
|
|
"The job description you are trying to view is no longer available."
I wish I could get the chance to really read the full description of the job posting on their website. Anyway, these shows that crypto currencies are certainly changing the way business is conducted and bitcoin in particular. There is no denial that bitcoin is going to be big some day and I mean if one do not improve and leveraging the potential to hire the right people and remain competitive, there's an every chance one would get left behind.
|
|
|
|
Bitcoin should not be replaced by an altcoin. I admit it could happen, but it shouldn't.
I'm surprised to see that nobody has pointed out the fact that having a new crypto replace the old crypto every couple of years could completely destroy trust in cryptos forever. This sort of "revolving door" model where the new shit replaces the old shit might work well for car models or Windows versions but one of the qualities of money is that it should be safe, consistent, and keep its value over time.
Would you trust or keep the bulk of your savings in a currency if you knew that it will be worthless in two or three years time when "the next big thing" comes with more features and innovations under the hood and kicks it off the #1 position? Even worse, would you trust a currency if you had no clue what will actually replace it because there were dozens of possible candidates each vying to be its successor?
And even if you did the research, picked the winner, and transferred your wealth from the dying coin to the new coin before the former became completely worthless, what about those who might not have the skills to adapt in time? What about all the grandmas, housewives, little kids, and the computer illiterate who might have their savings locked up in a now-worthless coin?
What you say has a point. Even though a new crypto has the potential to replace bitcoin in case it has new technologies, far better and I mean in every aspect of the blockchain, then it is likely to happen. However, what we have seen thus far, proves otherwise, given the time of at least 5 years since litecoin appear and I mean not even single one has managed to do that shows, bitcoin is still the choice. And the main reason is the community, infrastructure and the continued support that it is getting. As years go by, it will only become stronger and stronger, and it will take mass exodus of people to actually make it happen (leaving to altcoins). As long as the community agree on one direction, bitcoin will still be there. |
|
|
|
|
That depends on how widespread bitcoin is accepted as part of the other country's national currency. For example, if they use bitcoin as a form of backing to issue the fiat currency, it will officially make bitcoin tied up and recognized as an accepted form of payment. And all of these still relate back to the acceptance rate. Furthermore, if you have not only a country but several countries all adopting the same system, it will no longer be a commodity anymore.
|
|
|
|
|
In any way, it remains a possibility. I don't see any barrier on why they shouldn't do it. Bitcoin is currency or payment option and is no way competing directly with facebook existence. If they accept bitcoin, it will give more option for users to make payment and that would certainly help their business if the demand is great.
|
|
|
|
|
I can imagine it would be easy to manipulate the price but I don't think it will destroy bitcoin once and for all. First of all, money printing is essentially an option for them which means that they can do whatever they want to create that paper money out of thin air. If this ever happens and somehow for certain reason they managed to grab hold of 90% of the share, they is still another 10% held by the community.
With that control in hand, they can pump as high as possible and then dump to as low as possible, just to kill off the interest and market sentiment but as long as the demand for bitcoin is there, eventually fundamental will work its way back again.
|
|
|
|
At least we're past "it must be worth something if I paid money to get it." Good.
That's nevertheless true (at least if the acquisition happens voluntary, and not under threat of violence). The price someone is willing to pay for it is always lower than the value it has for him. The value is always larger than the price (for the buyer). If someone wants to give me a nice house against my poop, then my poop has at least the value of that nice house for that buyer. Remember that value is a relationship between a subject and a commodity/asset/service. It is not something that is solely a property of the commodity/asset/service. Value is in the mind of the beholder.
If all people are dead, then nothing has value any more.Bitcoin here basically has value because it has the backing of the community and essentially amongst us, we have agreed to pay a certain price for bitcoin or in another way to say it, the price we are willing to accept to part with the coins. I do agree that mining may not essentially give it a value, even though there is a certain cost attached to it to come up with a coin, so basically like I said, the value of bitcoin is really an amount agreeable between both parties. |
|
|
|
We can't really say how much , can we ?  If you have have 10k coin and each BTC worth 1$ it wouldn't be much for retiring of course . but if you own that amount and each BTC costs 500$ oer something , that would be more then enough . So it all depends on the price . ~ Madness its assumed price would be high.. my goal to get 1000 in cold storage 100 BTC would be enough then I guess if the price is like 2000$ . Now if you want a private jet and boat then this is another story  ~ Madness 100 btc with a price of $2000 each. What will happen if the price of goods also increased due to inflation? Wouldn't that be a problem if you solely relied on bitcoins as your retirement fund?  Inflation is bound to happen no matter how tight or how well the economy is doing. But having bitcoin around with the price increase, it will surely offset any effect of inflation, that is... the rise in the price of bitcoin is more than the increase caused by inflation. I think diversification is still the best option here, whether it is precious metal, property but definitely bitcoin qualifies as one in the investment portfolio. |
|
|
|
|
Even if it manages to reach $300, there is no guarantee that it won't drop back again to $200. So I'm not sure when you say bye to $200, does that mean that we can absolutely be sure that the level is the lowest point that will again set off the buying frenzy? As I always believe, with bitcoin...any number unimaginable, will always be within reach
|
|
|
|
As a new BTC user I hope for another few weeks of this stability.
Im just wishing for a 5 yrs stability price.. i wish 300$ price will stable the years and then go above i think never reach to $300 again, maybe under $100 If you consider the recent hike in the btc price, you will find that it surprises anyone especially when you have 1 more day left before February ends. As of current exact time of writing, it is still going up and with some strong buying support price is slowly inching upwards. I expect a strong resistance as it goes up but anything from here is still possible. |
|
|
|
even if satoshi plans to donate that much bitcoins to some country then better he donate it to a tech supporting country, a country that strongly believe in bitcoin and announce bitcoin as its official currency after this donation
it will god for that country and bitcoin world
I don't know how we can make a clear definition out of that. Most important that country must be willing to support bitcoin all the way and that means tied it back to their national fiat currency. Essentially if they decide to print or issue a certain amount of fiat, the bank must have an equivalent amount of coins in their holding before they are allowed to do that. |
|
|
|
|
I participated in some similar survey carried out before and so far can't recall if I ever saw any of the results or findings ever been posted. It would be great if those information are made available, most important is the conclusion or outcome after you have collected some data. But just for your information I already have fund allocated, and buy orders set for different price range. Hope that helps.
|
|
|
|
|
I think we have missed out affiliates and advertising network. What I'm referring to is basically something like having adsense, chitika, commission junction, where all those pay per click, ppc or even cpa program are giving out the options to actually receive your monthly payment in btc. Just thought it would be great considering the fact that adsense is one of the largest advertising network and basically providing btc option will mean good exposure to all the online marketers.
Hope to see this becomes a reality someday.
|
|
|
|
99% of the time that's what I hear from 'average' people:
"Why should I use Bitcoin when I have a credit card and Paypal? Bitcoin is a solution without a problem ... "
I think Bitcoin will catch fire first in the developing countries, especially Africa, where people have few access to banking services and where remittances from family members living outside Africa are so critical. Neither Western Union nor wire transfer is the best service for family members in 1st world countries to send money to third world countries ...
"Why should I use Email when I have the postal service and UPS? Email is a solution without a problem." The stupid, it hurts. Last fall I had a contractor re-excavate a silted-in pond on my property for a cost of $18,000. He was an old codger and wouldn't take bitcoin, so I had to pay him the old fashioned way. On the 23rd of the month he finished up and mentioned having to make some payments on the first of the following month, so in good faith I told him I'd do my best to get him his funds by then; he'd done a good job so it was the least I could do. So I spent the extra $50 for expedited processing as I sold some stock and had funds wired to my checking account; soon as they arrived I mailed him the check and called him to let him know it was coming. The cost? $147 in fees on my end. And despite my effort, we missed the deadline. It took 11 days for my "expedited" payment to reach his bank account. $147 and 11 days, versus $0.03 and 30 minutes with bitcoin. Tell me again how bitcoin is a solution without a problem? I imagine if the payment is made in bitcoin all things would have done settled on the spot without dragging for so long. Sometimes it's really stupid to wait for the bank processing to go through only to know that finally when it arrives you have to add additional fee for the delay even though it is none of your fault and the delay is at their end, not yours. |
|
|
|
Then that is a perfect combination. Though I've heard of Tails before, I never shown the interest to try it out or learn how it works. Since now it has bitcoin wallet and coincidentally I'm also a fan of electrum, that would surely be interesting. In a way or another that will definitely give a boost towards bitcoin security. |
|
|
|
They will come back No doubt about that... something which I agree as well. Probably when bitcoin has gone mainstream with more customers going to use btc, they will have no choice but to make available the payment option. Else, I see them losing the business to their competitors. |
|
|
|
|
Show Posts
