Hopefully Apple will not muscle its way into the cryptocurrency arena. Who can fight Apple Bitcoin will fight Apple and win.
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If bitcoin drops to 10-20 it is pretty much dead.
No it is not far from it. Let us not forget that Bitcoin "recovered" from 2 USD to 266 USD after the last bear market.
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I just find it weird than on a bitcoin forum, less than 40% have bitcoin in their portfolio...
The poll allows for more than one option so it is not surprising at all.
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Real Estate never really goes down..... it might be in a bit of a bubble but in Real Estate terms 20% overvalued is a bubble, in the long run you're sure to make 50% even if you move around alot; why?? because inflation....
I strongly recommend everyone buy some Real Estate. living in an apartment is fine... but a nice house is just better, your not pissing away rent money, and you pay taxes to a government of your choice, here in canada our government realizes that there is room for improvement and is always looking for the best ways to enhance quality of life for all citizens
Holy shit you are a moron! Did you read the news the past few years how real estate has been in a huge bubble? I speak from personal experience, real estate can go down. I bought a house in 2005, sold it in 2012 for a 70% loss. FML In Canada we have not had a recent significant real estate crash yet but this has not always been the case. There was a brutal crash in real estate in the early 1980's in western Canada for example.
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While the article makes some good point the author misses a critical issue namely that everyone does not have his credit rating nor for that matter wishes to limit themselves only to those sellers who have merchant credit / debit accounts.
It also depends on what one is purchasing. Take food for example. If one wishes to purchase healthy and nutritious food from a local farmer at a farmer's market then cash or possibly Bitcoin may be the only options, on the other hand if one wishes to purchase heavily processed food, with a generous amount of sugar, trans-fats and GMO ingredients from a multinational conglomerate then a credit card may be the best option.
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Could not a large payment predecessor address this simply by taking all the payments for each merchant and paying them all to one address and then disbursing from this address the individual payments to each merchant. In effect treating the single Bitcoin address as a trust account / mixing service?
The merchant processor would then only release the individual merchant information to the appropriate authorities after going through the proper legal process thereby avoiding any AML / KYC issues with this mixing service, while protecting the confidentiality and privacy of each individual merchant.
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The government is our enemy, not the banks. Banks don't make too much money on the areas that bitcoin will attack, which is stuff like wire fees and currency conversion fees. The bread and butter of banking profits is investing customer deposits. They don't care if that currency is USD or EUR or bitcoin. They will let me deposit bitcoin, make a profit with it, and give me a return.
Replace "The government" with "Apple" and I will say +1
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When it comes to the enemies of Bitcoin, it is not banks nor for that matter governments. The biggest enemy of Bitcoin so far has been Apple who by using their market share worldwide as a tool for censorship has already done way more damage.
At a very fundamental level Apple's business model is predicated on taking complete control over computing devices away from end users, on the other hand Bitcoin's entire security model is predicated on end users having complete control over their computing devices. The conflict on a very fundamental level should be clear to anyone who actually cares to look.
I should add that when it comes to harming Bitcoin Microsoft, is steadily heading in that direction with DRM, particularly after Vista, "secure" boot in Windows 8 and especially with Windows 8 RT. So when it comes to the enemies of Bitcoin after Apple's gold Microsoft is fighting hard for silver.
Before going to war it might be a good idea to first determine who the real enemies are.
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So depending on that, price either walk ~100 -> ~120 way one more time OR start long impulse to ~$15 ... $35 right now.
And I thought I was bearish... Lucif is one of the very few real bears in here... The rest of members cheering crashes in the "Wall Observer" thread are just bulls disguised as bears, craving cheaper coins so we can increase our stash, while riding the waves of our perma-bull delusions LOL This is a very high risk, but also potentially a very high profit strategy in any market. One has to look at the bull in all of its glory in the eye and SELL and then turn around and look at the bear in all of its glory in the eye and BUY. It is very rare to find a trader that has the skill and nerve to pull this off. Many however will try this strategy and fail at it.
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Bummer have to pay to read that article. ...
Copy and paste the article title into Google works. These pay-wall publishers want their content indexed by the search engines for free so that is the price they have to pay.
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just saying... don't be stupid and greedy, let bitcoin drop as it should... we need more PEOPLE! think long term. and you will be rewarded . ... but will the little people actually buy in the face of the BEAR or will they get scared and sell to the big money.
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I am currently renting so technically I am short real estate. the bubble popped dude... wtf are you waiting for??? get a girl get a dog make some kids and Love life!!!! BUY BUY BUY! its not as bad as some people would make you believe Disclaimer: I recently purchased my first home, so I believe/hope it won't get too much worse. The Federal Reserve is directly propping up the mortgage market. We're not out of the clear until financing for the market can stand on it's own. The real risk with real estate particularly in Canada is a rise in interest rates that will push many home buyers right out of the market. It will also place many who gambled with floating mortgages in a very dangerous position particularly if they also are heavily leveraged. This will force prices down in the short term as the weak hands are forced out via foreclosures. What will force this is that the central banks will sooner of later have to back off from quantitative easing. "All cash. No subjects. For clear title" when the seller is facing foreclosure is the way to buy real estate and if one holds on to one's BTC this can easily happen in the next few years. The "cash" will be CAD, BTC or a combination of both. Now if one goes into real estate for the long term say 50% or more equity and long term (over 5 years for financing the balance) then yes buying one's home now can make a lot of sense. It all depends on the personal circumstances.
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BTC, USD, CAD. That is it.
I do not like: Stocks (overdue for a crash) Bonds (really overdue for a crash) Real Estate (Still has a way to go down, in particular in Canada - Vancouver) Gold (Short term down plus I already have a good Austrian position in BTC anyway) Silver (Also going down)
I would consider:
LTC Short position in stocks a short ETF or possibly a short position in Apple or Monsanto. (I see these as a good choice for a bear looking for an ethical investment. Basically a double negative play).
Real Estate never really goes down..... it might be in a bit of a bubble but in Real Estate terms 20% overvalued is a bubble, in the long run you're sure to make 50% even if you move around alot; why?? because inflation.... I strongly recommend everyone buy some Real Estate. living in an apartment is fine... but a nice house is just better, your not pissing away rent money, and you pay taxes to a government of your choice, here in canada our government realizes that there is room for improvement and is always looking for the best ways to enhance quality of life for all citizens MOVE TO CANADA! CANADIAN GOVERNMENT SAYS BITCOIN IS A OK!! When it comes to real estate owning one's own home is neutral, renting is being short and owning rental property over and above one's home or more than one unit if one is renting is being long. The trouble with real estate is that it is typically heavily leveraged. A house with say 10% down can actually be much riskier than even BTC because one can easily end up with negative equity. Now if one is talking about real estate with well over 50% equity then yes this can be a safe investment. A portfolio of 50% BTC and 50% Government of Canada T-Bills will out perform over time real estate and assets such as stocks, gold, bonds etc., with way less risk. I am currently renting so technically I am short real estate.
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BTC, USD, CAD. That is it.
I do not like: Stocks (overdue for a crash) Bonds (really overdue for a crash) Real Estate (Still has a way to go down, in particular in Canada - Vancouver) Gold (Short term down plus I already have a good Austrian position in BTC anyway) Silver (Also going down)
I would consider:
LTC Short position in stocks a short ETF or possibly a short position in Apple or Monsanto. (I see these as a good choice for a bear looking for an ethical investment. Basically a double negative play).
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EDIT: The standard system is greatly loved here. The unfortunate thing is that some fields have a mix. Aviation for example uses feet, nautical and statute miles, knots, miles per hour, etc. but, of all things, chose the most useless aspect of the metric system, centigrade temperatures for measuring temperature.
1. Centrigrade isn't the SI standard it's Kelvin 2. Centigrade makes some sense as it's a simple displacement of the Kelvin temperature ([°C] = [K] − 273.15) to make 0 C the freezing point of water and 100 C the boiling point of water. Fahrenheit makes even less sense because it also requires a linear transformation ([°F] = [K] × 9⁄5 − 459.67) 3. Did you know the investor of Celcius was American and the inventor of Fahrenheit a Swede? (fun trivia) 4. The aviation standards don't seem to be universal either. Over the past years I've flown quite a lot and when flying with US Airlines or European airlines the unit of measures used to report height and speeds from the cockpit differs. I'm not sure what they use at the helm (though I'd advise SI standards, makes all calculations so much easier) 1. Kelvin is rarely used outside of specialized fields. 2. −459.67° F is absolute zero. Screw kelvin. My point about Centigrade/Celsius is based on the fact that it's not that hard to remember 32 and 212. 3. Interesting. I thought Fahrenheit was German. 4. I'm an American student pilot, but I think that the measurements we use here are ICAO (International Civil Aviation Organization) standards, and should be universal. Ie. Altitude would be expressed in feet and speed in knots globally. In the passenger area they are going to use what the passengers are used to. I think it's a matter of what you are used to, Standard is just so easy to me as I am sure Metric is to you. Of course here in Canada we used to have to deal with the difference between an Imperial gallon (4.54609 liters) and a US gallon (3.78541 liters). When buying gas I like the Imperial gallon when selling gas I like the US gallon. After switching to metric in Canada this source of confusion and the potential for consumer fraud was eliminated. http://en.wikipedia.org/wiki/Comparison_of_the_imperial_and_US_customary_measurement_systems
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what if your entry point is negative $65 That is my question also. This poll does not deal with those who have an effective entry point that is negative.
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Off-chain transactions aren't Bitcoin.
+1048576
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I suggested XBT for mBTC in another thread https://bitcointalk.org/index.php?topic=148229.msg1607892#msg1607892; however given the rise in the BTC / USD exchange rate XBT for µBTC so 1,000,000 XBT = 1 BTC or 100 satoshi = 1 XBT actually make even more sense. The argument for XBT is ISO compatibility. The argument for the re-denomination is to have a unit of account that is more in line with most fiat currencies after allowing for some further appreciation in the BTC / USD exchange rate in the future. There are many precedents for currency re-denomination as a result of inflation and the same arguments do apply for a currency re-denomination as a result of deflation. I voted XBT for 100 satoshi. I do not support simply replacing BTC with XBT. Let us keep in mind that ISO-compatibility will only really matter if Bitcoin has more deflation.
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