Interesting news, but I am afraid that they might just snatch blockchain away and leave bitcoin alone. But again, using blockchain for something other that cryptocurrency skeleton is song of the future as they said that they think the blockchain won't be adopted anytime soon. Because of regulatory and scale issues, it can take banks years to adopt new technology, let alone cutting edge software.
For know a sole interest in blockchain tech is fine and will help to promote bitcoin.
You can't leave Bitcoin alone when you use the blockchain. If you invest in the blockchain you can't just have that "I don't care about bitcoin" mentality because if bitcoin fails ->blockchain fails -> your business fails. |
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I remember he predicted almost everything, including the transaction confirmation time and the centralization of mining over time. Transactions itselves are instant tho.
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There are always underlying reasons to ban or legalize something, but I fail to understand what Putin is gaining by legalizing Bitcoin. Maybe Putin is cool all of a sudden? doubt so.
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meh, click bait  Kinda, but it shows they are receiving lots of suggestions and it looks pretty good. It's cool that they are sending it to the upper management personnel. So what we need to do is send the similar emails and create even more pressure. Imagine if here everyone did that. |
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You are having a bad day holding you coins? Remember this: in 1976 Ronald Wayne sold his 10% stock in Apple for 800$. Now its worth $60 Billion. http://www.youtube.com/watch?v=NncbZBEZLJMThe train hasn't even left the station yet. Once we get close to the ATH and pass it again, consolidation of Bitcoin's amazing recovery will put it clear: The sky is the limit, and that 1.2K peak will look like it's nothing in the all time graph. Long term holders: Don't be that guy. |
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i have about 1200 Dollar in stocks(savings). should i just move those Money and buy BTC for them instead ? and Hodl for atleast 5 years ?
With 1200 Dollars will not do any harm if you move that savings to Bitcoin. Instead you will multiple it's value while you start doing transactions. Bitcoin has a real future, it is called digital gold, if you compare the fiat currency, which lacks insecurity but with digital currency you will have security and it's value will get multiple if you move it in right directions. well 1200 is not bad, if you think about it it would and if history repeats it self 1200 now is about 4.8 btc so if bitcoin get back to 1,000 thats a nice return if you choose to sell at that point. It's a great idea, but OP is going to feel depressed a year later after selling. Once we get really close to the ATH again, then the consolidation is 100% confirmed and everything can happen after that. Sure, you can try to play the market, sell at 1,000 and expect for a psychological correction, then buy back, but you never know. |
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Which option would be best for Bitcoin? Which option would be the worst for Bitcoin? Which option is the most likely? Which option is the least likely? - The creator of Bitcoin is never known. The early Bitcoins remain untouched
- The creator of Bitcoin is never known. The early Bitcoins are eventually used in transactions
- The creator of Bitcoin is self-identified while he is alive (by producing a statement and proof)
- The creator of Bitcoin is self-identified after he has died (by him leaving a manifesto and proof)
- The creator of Bitcoin is involuntarily identified while he is alive
- The creator of Bitcoin is involuntarily identified after he has died
Your questionaire is incomplete IMO. List options 3-6 make no mention of Satoshi's Bitcoins. So, so far I got this: Which option would be best for Bitcoin? The creator of Bitcoin is never known. The early Bitcoins remain untouched Which option would be the worst for Bitcoin? The creator of Bitcoin is self-identified while he is alive (by producing a statement and proof) Which option is the most likely? The creator of Bitcoin is involuntarily identified after he has died Which option is the least likely? The creator of Bitcoin is never known. The early Bitcoins are eventually used in transactions Interesting! Here are my answers: Which option would be best for Bitcoin? The creator of Bitcoin is self-identified after he has died (by him leaving a manifesto and proof) Which option would be the worst for Bitcoin? The creator of Bitcoin is never known. The early Bitcoins are eventually used in transactions Which option is the most likely? The creator of Bitcoin is involuntarily identified after he has died Which option is the least likely? The creator of Bitcoin is self-identified while he is alive (by producing a statement and proof) I think it's not likely that he will get indetified after Satoshi dies. He's too smart to leave cues. Only if he wants to do that, it will happen.Which means he would need to plan it, which means if he dies in a sudden accident he would never be able to disclose the information and the mystery would never be solved (I doubt he would trust anyone to disclose the information for him in case that happens). |
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Im just hoping we don't need to divide as 2 different tribes, and the weakest trive eventually either dies or joins the bigger tribe, competition is useless in the Bitcoin ecosystem.
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The reasoning behind it seem to be that "it is for pools that consider that to be equilibrium for them". Not sure what that means.
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They are taking their time and i understand the delays. At this point in their life, they don't really want more money, they want to be remembered. A lot of pride is on the line. One mistake and you go down in history as a big flop, do it well and you go down in history as one big player in the Bitcoin revolution. When you have that much amount of money when you are young you just want to be remembered, thats why a lot of rich young people invest in buildings etc.
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Your statement would've made sense in 2010 or early 2011. But the "risk" of bitcoin going to zero is very low now. Bitcoin has an actual economy that is proven and growing.
The chance to make FORTY THOUSAND times your money ($10,000,000/250) is now gone. Bitcoin would need to take over all international trade. How much international trade did bitcoin take over in 2014? How much will it take over in 2015? Near zero. Do you think that one day everyone in the world will decide that it's time to start using bitcoin? No, we're going to see the trend growing over time.
This market is more mature now. If you want a potentially lifechanging number of bitcoin, you need to accumulate enough bitcoin so that $1,000 to $2,000 per bitcoin in 2021 can change your life. Is 100 bitcoin a lot of money? To most people, yes it is. But that's the kind of money you are going to have to put down to change your life.
167 bitcoins sounds more like it. That's what can take you from living a normal life to having a full-time cook preparing your meals and a part-time captain to drive your yacht. That's a life change.
I agree that the market is more mature, and that bitcoin going to zero is a lot less likely than it was in 2010 or 2011. I also agree that the upside is much smaller than it was in 2010 or 2011. HOWEVER, that doesn't mean that the risk is small now. Even if bitcoin doesn't go to zero, there's no guarantee it won't drop by 90% again, like it has in the past year. Even a 30% drop would be big, compared to "normal" investments. That's why for bitcoin to be attractive, it needs to have a HUGE upside. And I believe it does. The problem with what you're saying is, people who can potentially make a life-changing amount from a $1000 dollar bitcoin does not exist. What do I mean? Well, you said hire a full-time cook, part-time captain and your own yacht. That would probably require a few deca-million. But let's go for a more modest $5,000,000. With a $1k bitcoin, that's 5,000 bitcoins now, or $1,250,000 USD. If you can invest over 1 million USD today, then 5 million dollars WILL NOT be a life-changing amount for you. You probably already have a networth at least close to that, and while it will be a nice windfall, it won't be life changing. 5 mil will only be life changing for people who are not already decently wealthy right now. These people cannot afford thousands of bitcoins. So for someone to be able to make a life-changing amount from bitcoin, bitcoin MUST increase by 100x or even more. Well 100 x $1000 = $100,000 that's enough to change people's lives in a small way. Retire 5 year earlier. Something like that. 100 x $10,000 = $1,000,000. That's lifechanging in a bigger way. Maybe move to a new neighborhood. Retire in Thailand if you want. 100 x $30k to $100k = $3,000,000 to $10,000,000. That's where you can buy the yacht, and hire the captain for a few weekends, and have a full-time cook. If it's 3 million, maybe you need to move to the Philippines to afford your staff and boat maintenance but it's still doable. If demand in USD just goes sideways, we'll be at ~$1000 after two more halvings. I think that scenario is almost like a floor. Not much needs to actually happen in terms of development to get there. 100 BTC will change your life. It's just a matter of patience. MAYBE 1 BTC can change your life. Maybe. I agree with both views. There is a treshhold in investments where if you can make an investment of over 1 million dollars it means you are already wealthy, and you'll require a bigger % of profit for it to change anything in your life. It's all the broke boys that would benefit from a higher price of BTC. If BTC goes to 10K, the Winklevoss day to day lifestyle will still be exactly the same as it is now. |
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I noticed this pattern for a long long time. I'm not a analyst or something bit I've seen this multiple times.
Tomorrow we will rise 10usd.
Anyone concur?
Monday is usually a day where things go up sightly because the week starts and most markets close during the weekend/people is taking a rest from crunching numbers and moving money, so yes, there is a good chance for a rise. I don't expect moon tho. |
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Well, much fiat money has been withdrawn from emerging market countries because of the economical uncertainties around the world. This money is looking for new investment opportunities and some of it has probably flowed into crypto currencies. For a price increase of the last week, only a few millions of dollars are needed because the liquidy for most coins is bad. So you don't need much money to increase price of most coins by at least 50% percent.
Definitely this week is a fiat leak week. What I don't get is the pumps happening in alts, mainly Litecoin and Dogecoin. It can't be just a fiat leak, there are pump groups playing with that and probably fooling noobs into participating on their pump and dumps. I hope that no greek puts their wealth in LTC or DOGE only because they are rising atm. |
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1. The price was stable at few cents at the beginning, will you say that the realistic price of bitcoin be few cents?
2. The data was get from blockchain.info (35,xxx MB), not myself. So if there is any error on the data, then it is blockchain.info's error, not my error.
3. At least my computer only having 39 GB of free space at C:\ drive, not enough for storing the 35 or 40 GB blockchain. Also the blockchain size is increasing drastically, making the size become bigger and bigger, finally not enough...
4. So I'm using blockchain.info wallet now!
Your first point is invalid again. It would only be valid if the number of users/investors/etc has remained the same since that price point (I'm not even going to mention supply). I don't use blockchain.info and neither should you. I have roughly ~3600 GB of free space and I come from a 3rd world country. What is your excuse? You're obviously not familiar with the recent development. Pruning should have already been implemented however it was backported to 0.11 version of Bitcoin QT. A big blockchain will no longer be an excuse. So when 0.11 comes, how big will the blockchain be? Will it be optional to download the full blockchain vs a portion of the blockchain? Are there are any risks in using a slice of blockchain (pruning on) vs the entire downloaded one? Im just wondering what would happen if no one downloads the entire thing anymore. |
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Coinbase and Circle don't have the balls to leave New York, but that would be awesome if they did.
5k ain't much to either of them.
As a localbitcoins trader, I will have to start screening for and rejecting NY customers, and so will many others..
I guess they are being held by the balls by someone else, otherwise they would leave. They may be taking less liberal approach and may deal with any regulations that may come in the future, starting with BitLicense, which is why I always avoided both services. |
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My first wish would be to be transported to 2009
My second wish would be to have 1000 dollars
And that's about it. I would buy a crapload of BTC, wait for the 1K bubble and reap the benefits. I would still keep 50% of my stack for the 10k per BTC bubble.
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 I think the chart is clear. Bitcoin just smashed its face against that clear descending line and pulled back. Do I know that it is going to drop? No, I don't. But I would never buy before a clear break of that line. Yes, it seems to be absurd based on common sense, but on a market buying at a higher price can make a lot of sense. Buying cheaper can be a serious mistake. 490 ish is perfectly doable before next year. All eyes right now are on litecoin tho. Any TA on the current pump? is this one time thing by a whale team that has been silent-buying LTC for months at 1 dollar, or will it bring it back to life? Considering LTC has been around 1 dollar since January 2015, imagine how much some may have stacked right now. Who knows where is the limit within the current ongoing pump? tempted to buy, but it's already 3 dollars, thats like 150%+ gains. |
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The institutional investors are the next step for mainstream adoption. I think general public will be last.
The New York Stock exchange and BBVA have invested in coinbase. They do realize the potential in bitcoin. Moreover, even Goldman Sachs has invested in Circle. Santander is in too: http://www.businessinsider.com/santander-has-20-25-use-cases-for-bitcoins-blockchain-technology-everyday-banking-2015-6Too bad these morons are still not understanding bitcoin is not mutually exclusive from the blockchain. When will these idiots learn? "uhh the blockchain is cool, but we don't like bitcoin". Well yeah, have fun making your own blockchain airheads. |
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Someone just took a green dildo's worth of interest into litecoin.  Good thing I didn't sell yesterday like a dumbass. Jesus christ who is pumping litecoin like this? I knewww I had to buy litecoin when it was 1 dollar, but I had fear that I would literally go to near 0 since it was so dead, no one posted on their reddit anymore and the volume was pretty pathetic on exchanges. If I buy now im sure i'll crash the market instantly due my bad luck. Damn, I always miss the mega altcoin pumps. |
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What is your electricity cost in the area? it all comes down to that, then it's easy to calculate how much you can mine given your hashing power and current difficult. In coinwarz.com you can easily calculate profits from altcoins which you can use to make BTC if after doing calculations you think that mining BTC directly doesn't give benefits to you.
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