I saw this video and remembered this thread the other day: https://www.youtube.com/watch?v=61km5RwxQdwIt's not as far fetched as I thought back then. Well it actually is, because the fundamental step for this to happen is still lightyears away, but this is probably the beginning of robotized technology where automation can take better decision making than you about your own expenses. It's pretty mind blowing concept if you study it deeper. |
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The best way to not get scammed is not getting scammed, period. If you do get scammed, it was your fault. If you don't want to take care of your own Bitcoins you should use a system like Xapo while you are at it, so if you lose your password you have someone else to blame that isn't you, because it will be their responsability to keep your Bitcoins. Some people like this model better than the responsibility one.
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better to look at the recent documentary about bitcoin https://www.youtube.com/watch?v=-weYwiDOSegwhich is a better video for introduction, imho, because the best introduction is telling everyone that fiat is not a good currency and that a better alternative is in front of their eyes Isn't this video supossed to be pay-per-view? I think it will be taken down from there soon. Anayway, that video is cool but probably too dense for a total newbie. A total clueless person may need something way shorter because unfortunately we live on an attention deficit disorder plagues society, so you cant ask for people to pay attention for 60 minutes for some alien concept like Bitcoin is. |
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Has anyone here ascended to the 21 club yet? I can't imagine how proud I will feel once that day arrives. It felt amazing until I reached my "1BTC" original goal, but I went for more. Now my next goal is owning 21 Bitcoins. This would be my super long term cold storage. Beyond 21 Bitcoins I plan to start spending often, to celebrate my success in trading. Im more than halfway there but I know I can make it with hard work dedication and luck.
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Well the best you can do is daily trading, but that isn't for the common guy. If money was easy, everybody would be rich and then nobody would be rich, remember that. Gamble carefully There's no such thing as gamble carefully. Gambling was made to the owner of the "casino" to win money, not you. Most people only lose from it. You could limit yourself to certain losses monthly, thats "carefully gambling" but true, there's no way to realistically be careful about gambling. OP your only chances to make more money off already existing money is probably trading, buying cheap, selling later. Pick your alts and go for it. This is within itself gambling, but if you pick the right coins after some research you may make some money. You can also try lending money, but I have no idea how this works yet. Everyone talks about BTCJam but a lot of people say they lost money, so this also feels like a gamble.. |
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I voted 340, but actually anything from 320 to 360 will be the next "day trading playground" so to speak once we pass 300 again, have a pump and have a correction back to that range for a while. Rinse and repeat with a higher floor each time.
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Looking at my portfolio graphic which is what I use to know the price using the average from preev.com I see the price has been very stable lately on 280. It can go both ways, a correction to 260 is possible and 320 is possible as well, we are on that thin line moment where it's just 50% gambling. Might as well hold.
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The jobs directly involved with Bitcoin development will require you an engineer degree minimum, so it's a small %.
The rest of the jobs are also coding related, and then trading, not much else. Anything that doesn't involve coding is basically gambling, not a "true" job in the classic sense (for me someone that makes crypto trading for a living doesn't have a "true" job), sure skill is needed but it's too unstable. Sig campaign is obviously not a true job, just nice extra.
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Interest rates offered by banks aren't worth the risk of having your money stored over there. I would consider it if I could at least make a passive income out of it, but the only people living off thin air by interest due having their savings on a bank are already rich people anyway. Normal people get peanuts off having their wealth on banks.
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Bitcoin is the recognizable face of cryptocurrency.
Litecoin, not so much. Litecoin serves now as a low entry price point for investing in the crypto world.
And bitcoin is priced 50x the price of litecoin because of being the #1. It seems like quite a gap in pricing though it wouldn't take that much for litecoin to become equally used. litecoin needs 500x more effort to be accepted as much as bitcoin is accepted and then it's price might increase to bitcoin levels. besides as long as litecoin price is controlled by pump and dumps, like what has been happening in the last month, nobody is going to think of litecoin more than an altcoin which is being pumped. Yes, I know this one is hard for someone to swallow. But it is the truth. Litecoin is just another altcoin. True, but on the back of everyone's mind it will always have that special place as THE altcoin, the original altcoin. So I can see why Litecoin may disappear and always have a relative value to Bitcoin, and maybe be used as a tool when people is paranoid about Bitcoins future even tho there's nothing to fear (example, when we had the blockchain splits crisis). |
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Thats what i've always said, ironically, there's nothing better than paper to store Bitcoins long term. Nothing better than plastic wrapped encrypted paper wallet which is possible since BIP38 was implemented. I don't really see the point for hardware wallets which are prone to failure and deprecation through software updates. A paper wallet as far as I know, will always remain functional forever.
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The problem with Bitcoin ads in general is simple - Bitcoin is not company nor it have central management or budget for commercials and promotions.
The only way for bitcoin related commercial would ever appear on TV is when major company would advocate bitcoin use. Other that that there is no way.
Couldn't the Bitcoin Foundation work on such things? If having a Bitcoin Foundation is useful is to deal with stuff like this. In any case, it's way too early for this. Hype for things that are on early development are never a good idea, specially massively (TV). |
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Im guessing all of this will end up being processed throught off-chain services like the Lightning Network. Honestly last thing I want is the blockchain being flooded with millions of microtransactions per seconds from people gaming all over the world. The volume wouldn't be realistic to process in-blockchain in my opinion. The market for this is huge and the volume will be too much.
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Yes,
Signature Campaign can Earn Better Money Don't Expect to Earn More Money From Signature Campaign You Just Make an Better Money and From trading You Can Have a Chance to Earn Huge Money.
Or a big chance to loose what you have invested. Trading with alts or Bitcoin assumes you know what you do. And I know a lot of guys here who tried and lost. My advice is just do what you know about.Don't experiment! If you never traded before then don't do it. Too many sharks out there. I would safe some of money which I earn in daily life and then just buy some coins. If you have skills in programming, web design etc offer some services and let you pay in Bitcoin. Check out your garage and maybe you find some old nice stuff which you can offer in a garage sale or peddlers market. Trading between btc/usd market isn't a big problem. Everyone can do so. It's just simple buy low and sell high. Big deal is that when people see prices falling, they panic sell their coins to cut the losses. This is a wrong approach, as when the prices fall we should buy more to get more profit. Is that working for you? I think one needs to be really cool in order not lose confidence when the price drops. I'm at this situation and bought at 297$.  Yeah i know... and now i wonder if i should trust or sell. What is your advice? In my opinion you should hold. The support at 280 seems pretty solid to me, it seems the sell pressure is not hard enough to break the 280 support, so I would bet that we are closer to breaking 300 than we are from going under 270 so to speak. |
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That depend on how you store them. Anybody storing all their bitcoins under one private key or wallet type is not too cleaver. A good mix of paper wallet, digital wallet is always to prefer. The paper wallet can offcause be spend by relatives. It is a good idea to place all your password in an encrpted file, leave them on a USB drive(s) that would be find by your relatives, next ot the encrypted file you leave a password hint which is likely only close relatives can guess, or find. E.g. chiled hood streetname + name of first pet. This password does not need to be too strong, since the encrypted file will never be online, just to make sure that you will have enough time to change your pass words in case a burglar steals the UBS drive(s). With BIP38 you can encrypt your paper wallets, it's easy and safe to store Bitcoins long term that way, even tho im too lazy to move my funds from my software wallet. It's been years like this and I never had any problem. I think as long as you keep your computer clean and you keep backups in a couple HDDs in case one fails it will be enough. |
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There are 523083 registered members here so from that I deduce about 7 people hold bitcoin.
This is clearly wrong. It's obviously 58008, the best number to type in to a calculator. It's impossible to know, we don't know the number of alts and we don't know how many addresses belong to the same person. Essentially, much less than we could imagine, which makes us even richer in the future. We are pioneers, not mega super early adopters but still pioneers. |
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Yes, I see a repetitive pattern.
1) kwukduck creates FUD thread
2) Waits for the price to go down
3) If it doesnt go down say "it's just a pump"
4) Keep saying "it's just a pump" even tho we've gone from 220 to 280 and crossed 300 a couple times.
5) Keep waiting even tho we are sitting on a solid 280 price range.
6) Eventually the price corrects under that and thinks he was right all along.
7) Repeat once we hit 350 and go back to 280, repeat when we hit 420 and go back to 360... ad infinitum.
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Yup bank sucks.
I went to a local bank to open a new savings account.
It's so much time consuming to open just a single account.
But with bitcoin, you download a 20mb wallet and you are presented with around 15 to 20 account.
The time taken is because of government regulations, not the bank's inefficiency. Wait till the government starts regulating bitcoin.  We really don't know that day would either come or not that governments starts regulating bitcoins, its still a long way to go when government will come in support of bitcoins and yes banking sucks but there is no other option for the people who are not into bitcoins. Cold, hard fiat cash still rules, my friend. There may be a lot of people who are not into bitcoins, but avoid banks like the plague. Cash does wonders for them. This is true, but getting rid of fiat cash is already on the global goverment agendas: http://www.abc.net.au/news/2015-03-04/researchers-say-cash-could-disappear-within-decade/6278266Once this happens, there will be no escape except for those that learned how to use Bitcoin and stay anonymous by doing so. And even then, any real state you buy will be linked to your Bitcoin transaction, but its better than nothing. |
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You need to comply with the paperwork if you want any house of any size, same for all motorized vehicles. As far as I know there's no way to get around this so you would be forced to get those Bitcoins taxed if you use them for any serious purchase.
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In the future every single electronic transaction will run under the blockchain. People will be using Bitcoin even if they aren't aware they are using Bitcoin. Fiat currencies at a national level may not disappear but the Bitcoin market will be huge. A marketcap on the trillion dollars by having surpased Paypal, WU, Visa and Mastercard.
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