something that always fascinating me about these troll is how they are so concerned about our money being lost, in the event that a crash will occur
remove from november 2013 to january 2015, and bitcoin is actually in a good shape
All those idiots already sold their Bitcoin and are in fear of Bitcoin becoming the next big thing (which it will) and missing the boat since they already lost, so they create new accounts and FUD all day, this day with a shitty argument about how some lucky cunts made a killing at the begining of it all. Well guess what, every disrupting new technology had huge bubbles at the begining. Mark Cuban became a billonaire at the begining of the internet, then the .com bubble exploded, but ask yourself? did the internet stop being a success just because some lucky early adopter cunts made a killing? obviously fucking no, since you (OP) are shitposting thanks to it. |
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Investing is only for those that have the luxury of being able to save (wage is enough to be able to not use all of it on essential stuff). If you are on that privileged position, keep saving, then risk your money in a reasonably promising project. In my case, im betting on Maidsafe and Monero mid to long term as big crypto projects with a future and a real cause to exists, beside obviously holding the rest of BTC.
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I wonder... are you guys going to report your tax gains on signature campaings?
Sure it doesn't pay much, but after a year and with this low BTC price, you could store a decent amount. Then let's say BTC goes back to 1K and beyond on 2017.
Would you report those gains? how would you do it? If you don't do it, how do you avoid revealing your total BTC stack when you buy something BTC/exchange the BTC for fiat to buy some stuff?
What is your plan with this?
I'm spending these coins so I don't need to touch other wallets to make small purchases. Where are you spending them at? And I don't really get what you mean. Are you using a wallet exclusively for the signature campaing? In any case, once you pay, the shop owner knows your data (name and transaction). Could the IRS or whatever equivalent in your country end up finding the total amount of money you've used on all those small purchases? because over time, a lot of small purchases are taxable money, and it always keeps adding up. |
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What's wrong with $80,000 per coin?
Nothing much but isn't it considerably more of a stretch? A $1000 coin was achieved off the back of a few hundred thousand enthusiasts using comedy exchanges run by children and crooks. $80,000 would need a decent chunk of global wealth being convinced to pour into it and stay there. It probably wouldn't actually require that much USD in global terms, maybe $100-250 billion of direct expenditure to push it that high but that's still far from chump change. Possible but far more difficult to achieve. NASDAQ is up in this bitch already. It only takes a couple whales joining the party, we don't need "Mass adoption" to hit 6 figures per coin. |
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Hi,
I run a retail shop in the UK and I am considering accepting Bitcoin.
I don't really understand how to do it.
I know I can create a QR code but do I need a QR code for each item I sell?
So, the customer comes in and wants 3 things, how do I do it?
Sorry if this makes little sense.
I think you're talking about how to separate the payments, right? You can think of each public address (also represented as a QR code) as an individual account. If you control the private key to that address you fully control the account. It's possible to use Bitcoin with only one or two accounts, but for reasons like privacy it's advised to use more, and every account (public/private key pair) can be created quickly and freely. Just to get started and get familiar you may want to use only one account/QR code for customers to pay. Then simply watch the transactions at blockchain.info/address, for example: https://blockchain.info/address/1FMaLBrEM4nkCn15CoAeykb912jr7AfuwVBy watching that screen you can see each individual transaction which comes in. So you hold the QR code for the customer to scan and send their coins while watching that address on blockchain.info which will have it show up in a few seconds. It will be unconfirmed of course for on average 10 minutes. So the customer wants 3 things, you give them a grand total as usual then find how much that is in bitcoins (divide total by bitcoin price) and have them send payment to QR code address. But how do you avoid all the transactions showing up on that same payment QR code you use on your address? Let's say I have a shop, print a QR code and put it on the desk so people can scan it and pay. Cool. But im using the same address for every single person that pays me. They know how I am and where my shop is, and they know how much money im making since they know the address from having paid once. This sucks, so what is the alternative for a physical shop? |
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OP just doesn't make sense.
You could put a couple kg's of gold worth a million dollars in a couple garbage bags worth less than 1 dollar and store it on there.
Who cares how much the recipient it's worth it?
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I think a lot of people building a long term Bitcoin position do use Dollar Cost Averaging. It's a great way to protect against volatility. Yeah, tons do it, it's realistically the best way to get BTC. Unless you are getting paid directly on BTC, chances are you are not making much, signature campaigns and such are small extras. In my case im putting half my wage on BTC monthly. Cant miss this golden low price period. Hope it lasts. |
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That's an huge list, but expected when you are dealing in unseen territory. I hope we don't see Poloniex on that list, right now is my to-go crypto trading exchange.
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"Honduras, one of the poorest countries in the Americas, has agreed to use a Texas-based company to build a permanent and secure land title record system using the underlying technology behind bitcoin." https://uk.news.yahoo.com/honduras-build-land-title-registry-using-bitcoin-technology-162701917.html#khm0E3TIf you'd gone back to 2012 and back and suggested the blockchain would be used by a national government within three years in a vital capacity you would almost certainly have had your bottom spanked. Is there really much point in squealing about $5 price movements up or down at the moment? i think that every day when i read the latest BTC news....NASDAQ....   Yeah, the amount of positive news is stagering. I find it funny how people, aka the common folk is missing on all of this. I thank the whale overlords for letting us peasants getting on BTC really cheap again before it goes literally jupiter. |
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You should go to Barnacle's Youtube to see what kind of gear you need to make decent gains monthly as a single entity (not part of a mining project, and not hiring cloud services).
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There's no such thing as bad publicity.
Nice saying, but it's bullshit. How many examples of bad publicity being bad would you like? There's nothing cool about graffiti unless you have the wall owner's permission. Otherwise you're an asshole. It would be like if I came into your house and pissed all of your furniture to mark my territory. Yeah I don't believe n the all publicity is good catchphrase, but then again I discovered BTC thanks to all the negative press in the mainstream TV news. |
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Economy is a complex system. Bitcoin is the lightning bolt and the wind that will morph into something much bigger.
Apple Pay is the same old shit rebranded.
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Great exchange, i like the aesthetics and the extra security, even if im usually too lazy to set 2FA since I never leave my coins inside exchanges anyway.
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Actually if people weren’t saving bitcoins, they wouldn’t pay with Bitcoin and Banks wouldn’t accept them. Saving and spending are both essential, but it is true that people shouldn’t put all their money into Bitcoin.
I don't tend to pay on Bitcoin because I feel like im wasting it, i value it above what it is now. So I limit my Bitcoin payments for now. If I was an early adopter or if I got paid in BTC i would use it on a daily. |
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The debt can and will be repaid. The printing press will run and pay off all that debt and trillions and quadrillions more even.
The dollar will die as they do but the govt debt at least will be repaid. That you can be assured of. The value real value of the repayment is what's up for debate. My guess is it is worth zero.
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Inflation of fiat money is exactly the reason you should use bitcoin as retirement savings, since it is anti-inflation, or even better, deflation. Its purchasing power would increase long term wise. A 100% increase in 4 years time frame seems to be guaranteed due to reward halving every 4 years
I would be disappointed if Bitcoin just managed to hold its purchasing power or increases marginally in the long term. I would put aside a small amount of money, be willing to take a hit if it disappears, but also expect a substantial return if it takes off. With large scale adoption, Bitcoin's price can take off and we as reasonably early adopters, may be rewarded. It will obviously go up, it's simply math and literally unavoidable. It's a matter of when, and having the balls to sell at peaks to buy back later. Insanely risk tho, you never know when a peak is going down or it will continue. |
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You need to know that Paypal not officially allowing trading Bitcoin. Even if the seller is trustable you never know if Paypal is going to block or close your account because of money laundering suspicions. I don't recommend to buy/sell crypto currencies via Paypal.
What I dont get is, why they don't allow that when they had an advertisement mentioning Bitcoin? didnt you see the Youtube video?? |
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I personally don't think we can learn anything from the very early adopters other than maybe being confident enough to invest in something we strongly believe in that maybe at the time is very risky.
Early adopters made a lot of money if they put a decent amount of capital into bitcoin purely because they got in early.
I doubt there's another stock/share/investment that you could buy for 5 USD and sell for over 1000 USD 4-5 years later.
I respect but am also envious of the 2009-10 early adopters.
The key to becoming rich on bitcoin was getting in very early and selling at huge profits.
We can only hope that bitcoin explodes into mainstream adoption and we get rich off it too.
If you read the stories, many early adopters lost a lot of coins due to investments in miners and startups. While they still made a nice buck, it's nowhere near the potential their coins had at the time. Ironically, most of the people that made a killing in the early days are only those that literally forgot they even had Bitcoin. If they payed too much attention to the price, they all would have sold way too earlier. This teaches us a lesson: Buy Bitcoin and forget about the price, come back in 5 years and you'll not even need to cash out. |
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At the end of the day it doesn't matter. Take for example, the NASDAQ news. This does not mean that NASDAQ will use Bitcoins as a currency but to dip into its technology the important contribution of the currency to the world of finance is recognized. This is the first time in history in which a trading system does not require a third party intermediary. While this may not seem new, within the banking sector is revolutionary.
What this means is, even if you don't mention Bitcoin, it's Bitcoin.
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I think btc will reach about $500 sustained price by 2020.
I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5. , but 50K seems too far fetched on that limited amount of time. My take is that by about 2025 we'll be at around 10 times the ATH (12K)And just what exactly are those obvious reasons? Of course it could fail and the price crash to almost nothing. Bitcoin is still very early in the development phase so anything could happen. Bitcoin is binary, it will either fade to nothing or be absolutely astronomical in price. We are getting more and more big names interested on a daily basis. Latest is god damn NASDAQ man, can't you see what's going on? You are completely blinded by the current low price, and you'll be even more blind if it keeps going lower for a while. Poor souls. |
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