20 year cold storage only works if the price of btc continues to rise.

It would guarantee you sold at peak value in a best case scenario.

Which probably means you held bitcoins and sold them years ago when they were worth much less like I did.

 

Every tax dollar the state collects is spent.

This means new programs like universal basic income can only be funded through tax hikes.

Whenever politicians discuss "new programs" (that are unfunded), it means they must raise taxes to collect funding.

Universal basic income can only be funded through tax hikes on those with jobs.

Warriors were lucky Kevin Durant was there to save them when they had mental meltdowns that would normally have cost them games.

Kevin Durant is the only reason I think warriors have a chance this year. If not for him, I think the cavaliers would definitely beat them again.

If bitcoin halves, it will be like a stock split.

There will be double the number of bitcoins there used to be.

Doubling the total number of coins(supply) could mean the value of btc will immediately decrease by half.

Then eventually one of the forks will die off and wind up unsupported.

It likely won't be the "dream deal" a lot of people expect where they end up with 2x coins at the same price.

Maybe they decided to cash out their bitcoins & crypto when prices rose higher than $2k btc?

That could explain the massive sell off and price decrease. Especially if many others decided to do something similar at the same time.

 

They seemed to run a legit business, hope they did well for themselves.

Looks like GSP suffered an eye injury which will prevent him from fighting until november:

http://www.mmafighting.com/2017/5/26/15702330/georges-st-pierre-reveals-eye-injury-delays-return-to-ufc

I'm not certain about this card. It seems like a lot of underdogs could win their fights. Very tempting to see some of the odds stacked on them.

Are betting sites giving good odds for ice zombies / night king.

George RR Martin seems to enjoy trolling. Maybe I should put something on Martin trolling his fans via ice zombies/night king winning the war.

 

One common adsense alternative I've seen people resort to is selling t-shirts, clothes & other items with their website logo on it.

Its not a direct substitute for pay-per-click, advertising, platforms. It may still be one worth pursuing, however.

That's an interesting question. I wonder how someone would buy or sell a vehicle via crypto without using some type of 3rd party trusted escrow service. There are many websites which offer cars for btc. But not many details or "about" data into what the buying/selling process is, and how details would be handled.

Also should be noted some exchanges offer platforms which (I think) have a limited amount of automated algorithmic trading functions built into them. Basic things like stop limit orders, sell if price reaches a certain trigger point, etc. I think I've seen support for those types of things on btc-e years ago, if I'm remembering right.

That could be one reason why exchanges don't offer bots, the trading platforms they support already have some automated and algorithmic trading options built into them via default.

The wealthy investing in bitcoin would give us higher volume and higher demand which would likely cause the price to go up. That's a positive. Good publicity from celebrities could also be a positive to break the false myth of crypto being used for money laundering & criminal activities.

If crypto could be used more by charities and humanitarian organizations, with celebrities being involved, that would be great!

No asset can increase its prices the way bitcoin is doing?

What about microsoft stock?(1500% in 3 years):



There are many examples of assets, stocks & commodities having massive price fluctuations similar to bitcoin.

When the price reaches a new all time high & investors think the price won't go any higher, its normal for those who bought in high volume at lower prices to sell en masse to turn a profit.

When the selloff is done & bulk traders are done making their profits, the price will likely start to go up again.

It depends on how much pump & dump power was behind that last big price movement up, in proportion to real demand.

If demand is low the price could sink. I haven't been paying any attention but think btc will continue to climb. We will see.

The nationals, rockies and red sox won yesterday. Astros lost. Picks went 3/4 yesterday @ 75% accuracy.

Maybe I should start selling my picks.   

How high of an accuracy rate do professional sports pickers maintain to keep their consumer base happy?

I think I could manage at least 60%.

There's a very old method to buy btc via paypal but it has high fees and I think the minimum amount you must buy is 0.01 or 0.02 btc. Virwox offers btc for paypal exchange with SLL. Not many use it though due to high fees and rates. Depositing $50 you might walk away with $40 of btc.

The taxes collected from the people are routinely used to bailout banks.

I'm not certain if it means banks would utilize their wealth to bailout the peoples debt.

It would be nice if the door swung both ways.

Bankers bailing out taxpayers at the same low interest rates taxpayers bailed out banks in 2008 at would be amazing.

I think the current btc price is reasonable and could easily go higher.

BTC demand used to be like an engine with maybe 2 main cylinders: the united states and china. Everytime a new country adopts crypto, its like adding an additional cylinder to an engine. In the beginning we could only get to around $1,000 on demand from china, the united states and a few other countries. Now that demand & trading volumes are much higher and more countries are adopting, it makes perfect sense for increased demand to raise the value of crypto higher.

It seems mind boggling & unsustainable but these types of massive price moves aren't that uncommon in society. After the 2008 bank meltdown there were bank stocks that were valued at $0.01. Within a few weeks those same bank stocks were worth $3.00 to $5.00 after the bank bailout bill was announced. Bitcoin's success and massive price moves aren't that out of the ordinary.

1/3. Have any picks for tonight? I'm thinking of going with the nationals, the rockies, the red sox and the astros. No strong leans. Most teams are looking very evenly matched today. NBA is becoming more interesting the closer it gets to the championship game. At first I thought golden state had a clear advantage. Then I thought cleveland would win. Now I'm not certain what to think. Cleveland was very professional and did everything perfectly up until their last 2 games. Now its difficult to guess how they will perform. It seems as if they lost everything that got them this far.

The marketplace -> services section of this forum offers small time jobs which pay 100,000 satoshi sometimes. Other bitcoin forums used to payout a certain amount for forum posts. The betting minimum on some sport/dice betting websites is 100,000 satoshi. There are websites that pay satoshi for viewing websites or videos. I have not seen a good one in a long time though, unfortunately.

The united states being $20 trillion in debt & the EU being $12 trillion in debt could be evidence of official regulation being an inferior system to bitcoin's decentralized and cryptographic inflation control schemes. Likewise there have been numerous cases of banks laundering money for mexican drug cartels, terrorist organizations and shady russian groups.

Before talks of bitcoin regulation could begin in earnest some effort should be made to prove that regulation has tangible advantages it can offer crypto. One could make the case that regulation is inferior and regulating bitcoin would only reduce its quality and consistency.