With all due respect, it doesn't take any Ph.D to figure out the best cryptocurrency is indeed Bitcoin.
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Well, how can you know what state is safe to sell bitcoins locally what other isn't? I like the idea of the total anonymity meeting with a real person gives you, but I don't wanna get into trouble.
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I was reading the other day about new revolutionary mining system which would basically consist of an underwater (or some sort of cooling liquid) mining cave, that would keep the machines cold 24/7 and running at maximum capacity. Anyone has the link for this?
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You're an idiot. The whole point of bitcoin to avoid the kikes in the IRS.
Gotta pay your taxes so niggers and single moms can survive!
This made me laugh. But seriously I never heard about bitcoin.tax before and I am checking their site now. I found this: https://bitcoin.tax/blog/bitcoin-taxes-things-to-remember/ and I am dumbfounded. What the hell is this? I live in EU and we DON'T have anything like that here. Why would I want even declare that I own bitcoin?! To pay more taxes? It is just stupid. What if they discover that you own millions of BTC when you buy something? they could trace it back through the blockchain. How to avoid this? Is mixing the coins you are going to use before you buy whatever enough? Not that I have millions, in fact I only got 2 BTC, but who knows how much 2 BTC will be in 10 years.
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This is a pretty basic realization, the fact that Bitcoin will love longer than anyone posting in this forum right now is pretty easy to see if you have basic notions of the current socioeconomic situation and what Bitcoin constitutes as a paradigm shift. Tons of other similar projects and a lot less relevant will still be alive as well. There is always people willing to run nodes.
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That would be even better news than a cheap 200 BTC Bitcoin. Just don't kill yourselves once it goes back up and you didn't took advantage of the moronic perception of Bitcoin today.
Pffft. Don't be butthurt. And don't worry, we'll also be with you when the bull run starts. Will you have a lot of kleenex? because im assuming after all of this FUDing it just means you've sold already, and aren't buying back.
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inflation is good as long as there is something that keeps on sucking it(a thing that is deflationary), like for example bitcoin, if people start put their inflated money into a deflationary system like bitcoin, it would create an equilibrium , that will help the crisis
Wealth moving from an inflationary instrument to a deflationary one only serves to exacerbate both states. The only equilibrium implied by this simple description is in the hyper-inflationary annihilation of the former. The inflationary instrument would have to have some functional advantage over the deflationary one to not suffer this death. This works for fiat money relative to gold because fiat money is much cheaper to move and store. This works today for fiat money relative to Bitcoin because Bitcoin is not widely accepted. If Bitcoin were universally accepted then I'm doubtful that fiat money's remaining functional advantages in paying taxes and settling debts would be enough to save it. this mean that bitcoin can't reach mainstream without destroying fiat money i'm right(at least is what i'm understanding from the last part of your quote)? so we can't have both, side by side, without one not killing the other I believe is not necessary that fiat national currencies get replaced, first of all it's improbable that that would happen for obvious reason, it represent a huge paradigm shift. Maybe in 100 years.. not now. Second, a duality of fiat with massive inflationary QE and a sane deflationary BTC actually benefits the former, since it gives it an even stronger reason to exist.
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Asking about investing in Bitcoin won't help you decide because most people here have a positive attitude. Roughly 60-70% of people who spent at least a couple hours learning about Bitcoin will see it as a good thing. The problem is lack of knowledge and ignorance, and these two things can slow down or even stop the expansion of Bitcoin. So in other words people are worrying that blockchain may fail, but what if it's ignored and forgotten?
Bitcoin will never be "forgotten". Look at other p2p or projects that need nodes like Tor or even Freenet, there is always people willing to deliver resources to keep it alive. The difference is with Bitcoin people will see a necessity to use it bigger than ever before, as economical control keeps increasing..
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Since early in 2013, Darkcoin has been a permanent fixture in the daily digital currency news. From Darkcoin’s initial meteoric rise, quickly reaching a USD value of $15, to the level of security and innovation it provides for privacy seekers, to the failures and triumphs of the “Masternode Network”, Darkoin has been almost as interesting and intriguing as Bitcoin itself. And 2015 is shaping up to be a year of rebirth for Darkcoin, which is now Dash. We discuss the state of Dash, and the digital currency industry, with core developer Evan Duffield here on CCN. https://www.cryptocoinsnews.com/evan-duffield-dash-darkcoin-dash-will-position-direct-competitor-bitcoin/Darkcoin will forever be some niche coin to buy dodgy stuff on dark markets. It will never be a direct competitor to Bitcoin for obvious reasons, mainly the one I just stated. Get some perspective.
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It will take a lot of time for the flatness on that graph to translate into the Bitcoin price, which is great for us early adopters since it gives us extra time to benefit from the ups and downs.
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Is it recommended to delete your blockchain and download a fresh one even if it works just ok with your current one? It would be pretty annoying since it's very slow to download the whole thing, but even then, im pretty paranoid and i want a correctly working blockchain.
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April 1st joke aside, there's as much chance of a country adopting BTC as its national currency as there is of adopting Apple/Google/Msoft shares as it's currency, but that doesn't mean it won't become a popular investment just like the above shares.
It has so much more potential than any of those shares though. It could creep through the financial soil like fungi, without being even noticeable from the surface.
At the time being though its use is so limited in terms of beign able to use it daily. Yes there are big companies that use it, but how often do you need a new Dell? or shop at overstock? I mean yes it has potential, but for the time being its relatively worthless compared to these multi billion dollar companies stocks Because its still mega new. But all it takes to accept bitcoin in your shop is 1) Getting an address 2) Printing the QR and putting it on the desk so people can scan it and pay you DONE! How fucking amazing is that. Imagine all the paperwork you would need to start a business the traditional way. Bitcoin is going to be such a fucking success that people is not even able to grasp what we are dealing with yet. NO, stop lying.First, your bitcoin will someday be hacked either from your server wallet or from your exchanger's account. Second, you need an auto generation/confirm system to make different address for each client which lead you to point one. Third, all the paperwork you need to do with shady exchangers are huge. Fourth, just go accept fiat from bitpay like everyone else please. How im lying? You can make an address in a cold storage wallet in your house (will NOT get hacked), then use this public address to accept BTC on your shop. Whenever you need BTC get it out of your cold storage, whatever amount you need (just like having a safe with cash, and putting the money you need for the day in your wallet, in this case in your smartphone etc). You can use a mixer after extracting money from your cold storage for more anonymity, before spending it or moving it elsewhere. You don't need to rely on third parties. Bitpay doesn't need to be the new monopoly to accept payments, fuck that. As for exchanges, there will be a day where you don't even need to convert to fiat because everything will be easily done thought BTC. If you still some fiat for whatever reason, you can get it using LocalBitcoins if you don't want any paperwork. Problem solved.
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No. You will be a laughing stock.
Keep telling that yourself to sleep better night. I only hope you don't have a gun near you to not blow your head in 2019's xmas eve when Bitcoin is back above ATH again. going from 220 to 1200 in 5 years is not all that great an investment. Nobody said it would be easy. New technology is prone to suffer from bubbles, which shake off weak non long term hands. Buying at 1k or 200 will seem irrelevant in 10 to 20 years. Not sure what you said has anything to do with my post... care to explain? I'm saying that if bitcoin only reaches ATH in 5 years, by the end of 2019, I would be very disappointed. It would most likely mean that bitcoin will never go mainstream. I definitely wouldn't kill myself for a mere 6x increase in 5 years, as many, many things in this world can make such a return or a better return on investment that are MUCH less risky. Im really interesting to hear what those investing alternatives that would deliver a better result than BTC are. In any case, by 2020 it should be indeed higher, way higher than the last ATH.
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The problem with this thread is thinking about Litecoin in terms of a $ value rather than a % of Bitcoin. When the buying power of Bitcoin is 1000 times higher than it is now, where will Litecoin be?
OR, in the spirit of this thread, what was the dollar value of Litecoin when Bitcoin was $1200?
Im basically not rulling out BTC because: Their block size is bigger, not much but should handle faster transactions and higher amounts if there is ever a problem with BTC (even tho if it keeps going up it will be the same problem all over again) The creator is related to Google therefore loaded with money. Could bump the price at any given time to put the coin back on the map.
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I came across an article today in Indian news website. Article is fine but one comment to that article is awesome: http://www.thehindubusinessline.com/opinion/its-growing-bitcoin-by-bitcoin/article7134704.eceLet me quote it here : Some fears about BitCoin:- 1.It is thought to be the brainchild of the NSA,via Samsung,Toshiba,Motorola,Nakamichithe name of the "inventor "is Satoshi Nakamoto. Sa from Samsung Toshi from Toshiba Naka from Nakamichi and Moto from Motorola.A Rothschilds is reported to have claimed:- "Allow me to issue the Currency of a Nation,and I do not care who makes the Laws". With the US Dollar in the dumps,it is way by the USA to control Global Money and Finance [and hence the Economy and every other thing]. 2.It is for a Cashless Society which is a Surveillance Society. 3.It is to suppress the price of Gold and Silver 4.the Central Bankers are reported to be in touch with IBM to misuse the "Block-chain" technology of the BitCoins,to control Global Crypto Currencies.
How and from where such conspiracies come in. Really fascinating Regards Writers get paid by amounts of traffic comming to a website, that guy is just throwing in your average buzzword to make a clickbait article and get tonts of visits. Lying and half truths sells unfortunately.
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This is a great insight into how much stress the mining machines go through. Imagine having to do that millions of time daily. That shows how secure the network is against attackers.
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If I had a business and had to give a public address to get payments I guess it would be cool to have a vanity address so people can pay there, but then this address would need to split those payments into different addresses to make it more anonymous. I wonder if this can be done.
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What's the usage of Bitcoin outside the mainstream of the application such as in black market, gambling and pornographic dealing? I think all the applications above can make sure that the hard currency Bitcoin will not die, however, the true value of it should be shown after it stepping into the mainstream of the application.
It's very hard to estimate what all those transactions means. In fact I think it's impossible, it's a mix between trading, speculation, buying of goods and services... all those transactions that get done in person for cash will never have any meaning unless you are part of one of the 2 parties. As decentralized exchanges start being operative, it will be even harder to track anything.
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Just think about it. Who would you trust more about a 2 year prediction, Andreas Antonopoulous (which says "give it 2 years") or some guy coming from old money whose entire portfolio is made out stuff that can migrate to Bitcoin in the future if it's a success? do the math.
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I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!
5000 USD would make a lot of us very comfortable. I wouldn't be rich as such but it'd give us mortgage free lives etc. 10K is a conservative price for me long term. 5000 is pretty much guaranteed. When comparing the current marketcap of BTC with other's of similar nature (even tho there is nothing similar to BTC, but for example, VISA, Mastercard, Paypal etc). When BTC takes the world, it will have the marketcap of all of those combined.
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