For those of you comparing gold to bitcoin, don’t. The gold price is suppressed because gold is too easy to mine with modern mining techniques. Gold has a supply problem, there is too much of it. We have mined far more gold since 1950 than we have in all of history, and that has flooded the market. The best estimates currently available suggest that around 190,040 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950. Source: https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold-has-been-mined Further there are too many planned mine expansions. A single planned mine expansion in Australia (BHP Olympic Dam) would yield 15,000 tonnes of gold and 90,000 tonnes of silver. That’s almost 10% of historical global supply from a single mine. No market can absorb that type of new supply without collapsing the price. So ignore the 4th dimension conspiracy bullshit, because the author doesn’t know how supply and demand works in the gold market. Bitcoin is scarce. Gold is as common as dirt. Not to mention the very real threat of synthetic gold becoming dirt cheap with breakthroughs in either the synthetic process itself or energy (nuclear fusion), or future asteroid mining. I wouldn't bet on metals for the next decades as a safe haven. |
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Notlambchop is too ashamed to ever show her face again. She wasted two years of her life and had opportunities like few other.
Theymos's April fool's day joke has given Notlambchop ridiculously high politeness and virtue scores. They should be negative numbers for Notlambchop.  I don't know, you're scum and have a very low politeness. So everything seems to be in order.  |
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WTF is all the new info under our usernames?
April Fool's. But more importantly, how are the stats calculated? This is the big mystery that this thread is failing to address or even acknowledge. |
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0.027
Congratulations! PM coming your way!  Confirm that I received the Trezor and silver Bitcorn. Sent first with no escrow without any problems. Had the tracking number the next day. Thanks for the trade! |
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Long / shorts ratio almost 1:1. It’s been a long time since it was this bad .  More shakeouts ahead. I still stand by the notion that hunting for altcoins during low BTC prices is a good thing to do. Since they fluctuate by several tens of %s very frequently and sometimes multiply in a predictable manner low BTC prices essentially make it much easier to increase your BTC holdings as compared to the 20k Bitcorns we had a little while ago. |
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Well, I guess that's the end of Bitcoin.
Time to buy bank stocks. I think they're really going to take off...I saw one bank now has $20 wire transfer rates that only take 4 days. What a deal!
Make sure you back up the truck on Deutsche Bank stock. I hear the company is totally fine, yep yep, not insolvent at all. Will rebound any day now! Speaking of Deutsche Bank, they essentially scammed me on my student loan back in the day. Gave me one rate, then randomly changed to another without notice, which ended up at a total of around 11% instead of the agreed upon 1,xx%. Needless to say I took out a loan elsewhere and paid DB back in one go. Also cut all ties with them while at it. Not sure if their scams are a symptom of or a result of their insolvence. |
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Lolol
So much despair and anger on this thread. Oh the joys of bitcoin the soap opera.
Human emotions are always right on cue, they never miss a beat.
No more moons just death and destruction. Good times. Good times.
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So. I was going to sell some of my stash this summer to pay of all my loans and then retire and live of my passive income that I have from my disability pension, some insurances that pays out monthly and some other stuff. That would give me a nice middle class life with no worries. And as a nice topping on the cake I would get to see the face of my employer when I tell him I quit. I'm one of only two guys who knows how to do that special job right now and he would be in a state of slight panic. He is also a real asshole, which is why that would have given me much rejoice.
But to my great disappointment he went belly up a month ago, so I have been without a job for a month now, and have to sell right now instead of in the summer. Bad timing but nothing I can do about it.
I just sold one fourth of my stash and when the money hits my bank account tomorrow I will immediately pay of all debts and bills. and then I will take a tour of nostalgia to places in my life, an actual tour through the city that is.
I will stop and reminisce on the places I have lived and the places I have worked and other significant places from my life, and then I will just go somewhere and have a cup of coffee and enjoy total freedom from work and debt.
I am now officially retired at 57 and it feels great.
If things always went exactly as planned life would get boring quite quickly, wouldn't it? Enjoy your retirement and don't sit around yelling at clouds too much. Retirement should only be from "forced" things, such as hustling to pay the bills in my opinion. |
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For years now I keep reading "...when Bitcoin takes off.." or "...in the future, Bitcoin will become...."
It has already taken off.
We are living it.
The future of Bitcoin is here, and now.
If you would consider the internet to be "here and now" around 10-20 years ago, then I'd agree. So far Bitcorns are still very much fringe. Everybody knows they exist but nobody really knows what the fuck it is. Who knows how quickly we'll snowball into mainstream usage though. With progress accelerating we might actually end up buying coffee with Bitcoins in the early 2020s. |
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Roger Ver announced Bitcoin.com wallet will only hold bcash lol.
Are they really still going? Do they have anything planned to go against LN? I don't see how they are going to even pretend to be relevant after that. The only way LN works for mass adoption is like this, but that was the plan all along:  I would care about your nonsensical rambling if you properly asserted that literally anybody can open hubs, while hardly anyone can open a bank. |
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Roger Ver announced Bitcoin.com wallet will only hold bcash lol.
Are they really still going? Do they have anything planned to go against LN? I don't see how they are going to even pretend to be relevant after that. |
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Bitcoin is unfolding like the dotcom crash — just 15 times fasterEdit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about. $946k per btc in about a year? if that comes true I will buy a lambo for everyone that merits this post.  Damn, out of merits. |
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That's a cheap trick. Regarding the above, was 9 corns ever enough to buy a lambo?? wtf was I thinking? I wonder what they could do to make it any more obvious other than outright spamming the forum with posts that they're merit trading. |
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As a business owner I wouldn't price anything in bitcoin. Not yet anyway. Maybe after wider adoption it's volatility calms down. But you can still price your products in ounces of gold or silver and take bitcoin as payment. So that whole "bitcoin cant be a currency" thing is dumb. It may or may not ever be a good money. But it makes a fine currency even right now.
It's far more convenient than the payment methods Europe generally uses right now, as credit cards aren't really that much of a thing there. Once the likes of Lightning Network and mass adoption in retail take place I won't really see myself using any other currency anymore unless I had to. |
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Bullshit study with bullshit researcher that tries to project his own insecurities into his paper. Sure, people often get rich by chance. But if you want to become rich and specifically work towards that goal you will get there, period.
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I tried to find a market cap expectation from the website but didn't see it. How high are we Realistically thinning the MCO token can go?
If it becomes widely adopted (the credit card and hedge fund features) then it could realistically hit and sustain tens of billions to hundreds of billions. That's a far future scenario though, as far as crypto investments go. |
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To be truly effective, all these efforts require close international cooperation. Since crypto-assets know no borders, the framework to regulate them must be global as well. They are screwed. The moment they finally get that nailed down Elon lands on mars and thumbs his nose at them. You're making it sound as if Elon is never going to land on Mars. :/ isn't Elon from Mars? ..did i miss something? :\ hmm Might as well be, South Africa doesn't seem much different from Mars right now. And at current rates Mars is likely to surpass SA within a few decades. |
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To be truly effective, all these efforts require close international cooperation. Since crypto-assets know no borders, the framework to regulate them must be global as well. They are screwed. The moment they finally get that nailed down Elon lands on mars and thumbs his nose at them. You're making it sound as if Elon is never going to land on Mars. :/ I was skeptical too until the moment those rockets landed themselves back on earth. That was amazing. Did you see that footage? I did. I loved how synchronized they were, made it look like CGI. |
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