People should use bitcoin because they can enjoy low fees transaction unlike in traditional bank the charges in bitcoin is minimal and fast. Bitcoin is also safe and secure,they do that by allowing anonymous transaktion.
Low fees and fast? Are you sure you are talking about the same Bitcoin I think? Bitcoin is unusable for micro-transactions, it only can be used for sending large amount of money. Also, why compare Bitcoin to traditional banks and not to paypal/skrill/payoneer or other similar e-wallet services? They are fast, cheap and easiest to use. That's a fact. |
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They are different kinds of things. Bitcoin is an asset, a kind of digital gold which has a price. Paypal is just a payment system.
As a payment system paypal is very good, cheap to use and very fast. On the contrary, Bitcoin is slow and highly expensive.
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Hhhhello, how much is $1000.00 worth in bitcoins
You can check real time exchange rate to many fiat currencies here: http://coinyep.com/ |
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My top 5:
Happy Days
Sons of Anarchy
Chuck
Arrow
One day at a Time
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In contrast to the "Where would you travel?" thread. I'm curious where and why people wouldn't travel to a country. Personal dislike, econimic reasons, political etc. North Korea goes without saying  Any country that is dangerous, war zones or even large areas with high criminality rates are avoidable. For example cities in South Africa and Brazil seem very dangerous looking at the stats. |
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I there a way to use this wallet on mobile (android)? I'm trying but it cannot work...
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A VPN is better than Tor for several reasons. I use a VPN and have a desktop wallet, no problem about that... Just be sure to choose the right VPN.
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When people talk about Bitcoin price, they usually refer to its price expressed in dollars. I really don't understand why...
US Dollar is going down in price, US economy is collapsing. There are many other countries which has more Bitcoin users, like Russia, China, Japan, Philippines and the whole Eurozone. Even ICOs are forbidden in the USA. It's not a so Bitcoin-friendly country, its national currency is not so strong. So why price Bitcoin in $?
There could be many other more appropriate currencies like EUR, CNY or RUB...
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There are two points presented here. One is that Bitcoin has already evolved from being a currency into a store of value (maybe just like the physical gold) and two that Bitcoin is not anymore practical to be used for day to day purchases (maybe because it is very volatile and hence people are becoming speculators with its value).
Any comment?
Well, this is basically true. High fees, slow confirmation time, high volatility make Bitcoin not practical for daily purpose. That's a fact (I'd say unfortunately that's a fact). Also, very few merchants accept it a payment method. It's more like gold, definetely. |
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I was looking at the blockchain.info site, and I noticed that there is a lot of information that can be found out about transactions. Including IP addresses to and from and everything else. Where does the anonimity come in if their is any?
In fact Bitcoin transactions are the most transparent ever. The only anonymous thing is that you cannot say who is the owner of an address just looking at blockchain.info. Anyway, there are several cryptocoins far more anonymous than Bitcoin, like Zcash for example. |
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what do you think about pump and dump? did you ever trade on pump and dump event? can you give few tips for how to make money from this events? what i need to look for?
I think pump and dumps are pretty common in the altcoins markets. I tried to trade twice time ago, once I earned money while the other one I lose it. In order to make money from this event, you have to be the admin of pump and dump groups and buy before the others. |
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Russia is a very nice place. Too bad it is too cold in the winter.
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Warren Buffett warned investors to stay away from Bitcoin, calling it "a mirage," saying that, while it may be a better way of transmitting money, the "idea that it has some huge intrinsic value is just a joke."
"The historical track record of old white men crapping on new technology they don't understand is at, I think, 100%," said venture capitalist (and younger white man) Marc Andreessen.
Warren Buffett has made his money in the old Fiat system and he does not understand new cutting edge technologies, so it is a natural response from someone who will most likely stick to something they know and understand.
Bitcoin has outperformed Buffett’s " Berkshire Hathaway for the last few years, so that must tell you something. ^smile^
Yes, for these reasons is very unlikely Warren Buffett invested in Bitcoin. Also, having studied his investment strategy, I know he's a very cautious guy, who rarely take risks in his investments. He prefer to put all his money in more stable businesses and safe place. Bitcoin is too volatile for his mindset. He never invested in something like this. Anyway, what he said about Bitcoin is not so wrong. This "while it may be a better way of transmitting money, the idea that it has some huge intrinsic value is just a joke." He considers Bitcoin more a payment system than an asset. |
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Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
Yahoo wasn't an actual search engine in its early days, it was more like a directory. Then Google came, but it came with better ideas, better algorithm and a far better service than Yahoo!. No surprise they won in the long run. For Bitcoin, there are several altcoins which may have better features, but no one of them is far better than Bitcoin. By now, I don't think Bitcoin will be overcomed by another cryptocoin. But anything could happen in the next few years... |
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It's possible. For example, if there are no exchanges that would accept your btc and convert it to cash then it's useless having bitcoins in that country. All of the sites that are connected to btc are banned is also the worst case scenario if your government is really serious to prevent them from the market. You might need to go to other country so you can use them.
Why Bitcoin would be useless if you could not convert it to cash. You can use Bitcoin, it's enough. You don't need to convert to fiat money. Just use Bitcoin. If websites connected to Bitcoin are banned by the governement, you can always use a VPN to bypass their censorship. Really nothing to worry about... |
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In my opinion,15 k dollars cannot be reached by the end of this year. It is quite unlikely, I also prefer a more slow but steady rise and not a pump, in order to take more time to see what will happen and to do the right moves.
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BTW: I love Warren Buffet, Charlie Munger and my grandfather, here is why:
When I graduated from University in 1985, my grandfather gave me the choice of two graduation presents:
a) 1000 US Dollars in Cash
b) 1 stock of Berkshire Hathaway Inc. (nowadays traded under ticker symbol BRK-A)
Option a) would have solved many of my dreams immediately and option b) had a caveat: my grandfather would only transfer that one share to me after exactly 10 years. As he was a wise man, I went for option b) plus a graduation beer at the local bar.
10 years later he gave me that one stock which stock value has multiplied 10 times to roughly 25'000 USD. I still hold that one stock today, which is now worth 268'000 USD as of time of writing this post. That is the only stock of BRK-A that I own, but I own many different assets that I gobbled up during my professional work life so far. So that one share framed my thinking about investing for the long term.
As I built my career in Information Technology and Finance, I am a strong believer in the potential of crypto assets and currency. So I made some 5 years ago a highly speculative diversification in buying some bitcoin and every quarter or so I bought some additional coins. My learning was that it does not matter whether you buy at 1$, 100$, 1000$, 4047$ or 10'000$, the key is that you buy and hold the stuff that you believe in.
Buffet and Munger might be right or wrong about Bitcoin and it does not matter for me. It is my life, my money, my risk, and my dream, and I give a s*** about what other people think.
What a story, man! Your grandfather was very wise to buy that share when it was cheap. Good for you that you were wise as well, despite you were young. |
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Berkshire Hathaway has significant holdings in the banking sector, for example Wells Fargo and Goldman Sachs.
Thus I think Warren Buffett and Charlie Munger know perfectly what Bitcoin is. They just consider it a threat for their business.
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Already there is the company MONA.CO ( https://mona.co/) Which released its tokens. They are clearly better than you, they even have a road map. Where is your road map  Badshit coin! Why did you call this Monaco as well? There's already another Monaco and this is their thread: https://bitcointalk.org/index.php?topic=1926269.0You only make confusion acting this way... |
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