He seems to have a reasonable-skeptic opinion on BTC, overall good and better than old guys like Buffet. |
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Bitcoin is SIMPLE. True, you don't need to know how it works beyond buying and selling as a consumer. With time it will only get more simple. I think we will lose the ugly address thing over time and make it all nicely gui based.
Just search for youtube tutorials and theres everything thats needed for a noob.
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Dont pay for questionable things... but if you have to, i wouldn't use BTC to begin with, I would use Monero and if the merchants don't accept it tell them to get with the program and do so.
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there is no "The Best" cloudmining I think, but cex.io is the best now ( but with high maintenance fee )...
its not profitable at all no one should use that as you mine with their ghs to minus profit The plan is mine now at a loss to then get the profits long term once bitcoin prize goes high enough to ROI+good profits.. |
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Just wait for the opportunity that will be coming, sell high, buy low back and sell high again.
Profit that way, profit won't be higher, but at least you won't lose them all of a sudden like one can in altcoins.
Could you please explain how you can get to that conclusion that you could lose all of the $25-$50 in a altcoin? I have never lost nowhere near that amount and i have had a few terrible alt coin investments lol Also trying to trade btc/usd with that amount is pointless you will spend most of it on fee's and that is if you manage to sell high buy low which sounds easy enough but not many can actually do it. OP do whatever makes you happy i am sure you have many ideas here to choose from. Inexperienced traders tend to end up burning themselves because of the lack of knowledge and experience in regards to trading altcoins. Also, not all people are like you who never lost $25-$50 to an altcoin. You must be super careful in terms of trading. He must be lucky. I've lost 0.15 in altcoins and most of it was on MZC when it was supposed to go up. Since then i've stopped trying to get lucky with alt speculation. |
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Wow, why would someone actually pay 30% more while there are still some high orders available to be sold at lower prices (even if a pump takes place) which would not equate it to 30% above?
To bypass interaction with exchanges. As a rich guy you dont want to risk all your fortune in shitty bitcoin exchanges that get hacked all the time. |
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Just because they happen to reside in the same arbitrary borders, doesn't mean they're some sort of hive-mind colluding to take over. Stop jumping at shadows. Also slightly disgusted with the double standard that no one cared when it was any other country with the largest hash rate (since there's obviously always going to be one with a higher hash rate than the others), but now just because it's China we should sound the alarm? Are you trying to come across as racists or something?
No one is being racist here, we are just speculating. China has been playing a major role in the bitcoin price development with their massive adoption, mining and dumping of coins. They can really change the price. |
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I just saw this baby popping up on my radar. Any idea what that might be??  [EDIT] It seems the sender address is 13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh. [EDIT2] Should have mentioned, the tool I've used to watch it happen live is the windows version of flatfly's chainsnort ( official thread). It's oddly soothing to watch the constant trickle of transactions   These transactions make me scared as hell. I imagine myself sending them and quadruplemillion-checking that I haven't commited any errors when copy-pasting the address where im sending the money at. If you've got that many coins then you probably have an army of robot-brained nubiles to handle the boring little details. I agree with you though. I'd probably need a few weeks of training to work up to it. If I had that many coins I would deal with the pressure of possibly making a mistake on the transactions. I would be a happy guy. |
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Dump in btc-e:  Classic correction. Floor around 240 with an overall uptrend until 300 territory before summer. Nice gains to be made if cards are played right. |
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>buy now
>suicide later
Pick one.
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I think gold is always going to remain more stable and will always have a real world use as a useable precious metal, but bitcoin is unstable and unpredictable, though I do think it is the best option to see a big profit and return on investment though it's very risky and not guaranteed. I'd prefer to put most of my money in Bitcoin for investment purposes. I just think we'll need a few years to see big gains hopefully.
But gold has been there for a long long time so its understandable to be more stable. Bitcoins are fairly new and can still grow, i think thats a really good quality. Meanwhile gold has a stable price with bitcoins you could buy 1 today and in some years maybe its worth 5.000$ or maybe 1$ thats the beauty of it Even if bitcoin exists for a long time, even then it will probab;y never become enough stable. Yes it will, in 10 years most coins will be mined and price will naturally stabilize at a really higher price than today's. |
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Euro just dropped further! 12 year low it's going to drop even further. nothing shows any sign of recovery any time soon. i only hope it will not go below the us dollar. for me as european it's horrible. Some say it may reach dollar parity in the next decade and potentially lower like 85cents. If you are Greek you better have a lot of Bitcoin already. |
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We need a review of this technology. Something brilliant and clever like this should not be ignored. Even satoshi made some comments on the essence of Cryptonote. Maybe he contributed in some way or another towards its development
Apparently it was in development since a few years and was intended to be a step ahead in the right direction, that is transaction privacy. Cryptonote is the tech which should have been bitcoin in the first place. If it had surfaced a year later after bitcoin, things could have been different
I think anyone running "dark markets" is mentally insane by not accepting Monero as teh official coin. Even Andreas himself said in his latest speech in MIT (you can search the video in youtube) that Bitcoin is impossible to be effectively anonymous and you are better off using other coins (basically Monero) If I want to buy some dodgy stuff from some dodgy market no way I would use Bitcoin. Monero seems indeed the ideal solution there. I don't trust the DRK system when the nodes can be subjected to attack. |
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I thought bitcoin was banned in China? World 51% Attack  How to raise the interest in something to the next level? make it ilegal and bang you go it. |
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It will surely still be alive and kicking.
Exist already more than 5 years.
About the price, a good 500 is possible i think (and i hope).
you think we'll only be at 500 in 2 years? dont you think you're being a little bit to negative here? 500 is probably less than a few months away. 1 year will stabalize us at around 2000 2 years easy 3500 or so. PRICE is not the important thing tho , adoption is : ) He's suffering from negative delusion due the latest price downtrend and has lost the ability to think long term. |
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I think 10000$ is possible in 2020. I think bitcoin will be replaced by some better system for payments, but will stay a valuable asset ... the digital gold It will never be $10000 in 2020 it will never be that ever especially if it is replaced by a 'better' system. The most we have gone to is $1000 and that was because of a massive pump nothing else, be happy if we get back to $500 imo What you fail to realize is that there is no better system. The big leap was the blockchain, everything else are small things that can be implemented within Bitcoin itself. |
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Even tho I don't like bears, im severly opposed to the burning of cute teddie bears. |
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Indeed he really nails the points very well (as he did at the Canadian senate inquiry also).
They seem to respond well to him, i dont know their exact agenda. That little joke at the end went down well haha. These guys just got schooled in bitcoin, andreas could be charging to teach that, they should be glad. Probably all of them are too old and stupid to invest tho. |
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This is why i trust noone, no person, no cloud-hashing service, and no cloud/online wallets. Bitcoin is heaven for scammers, and u simply can't trust anyone anymore.
And of all times, now when the price started the recovery we just simply must have bad news to torch it down once more.
Hope this doesnt end up as bad as it looks now.
cheers
The only exchanges I trust: Gemini and Coinbase. If scaming happens there and they get away with it its the end. |
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People wont be using bitcoin, like people don't use Altavista now.
That's just delusional. "People wont be using TCP/IP" same shit. People don't even know what TCP/IP is. And yet everyone uses it. People will not know how Bitcoin works, yet everyone will use it. |
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