LiteCoinGuy (OP)
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In Satoshi I Trust
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November 22, 2015, 11:02:59 AM |
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Bitcoin - It's A Safe BetMost people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil. http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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FruitsBasket
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November 22, 2015, 11:11:38 AM |
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Bitcoin - It's A Safe BetMost people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil. http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html Cool article, I read that banks, governments treid to break bitcoin but did not succes, is btc really so string that no hacker can ruin it? Good job Satoshi
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fck@dt-alwayzz_newbz
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LiteCoinGuy (OP)
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In Satoshi I Trust
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November 22, 2015, 11:42:04 AM |
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Bitcoin - It's A Safe BetMost people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil. http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html Cool article, I read that banks, governments treid to break bitcoin but did not succes, is btc really so string that no hacker can ruin it? Good job Satoshi one part of the answer: https://www.youtube.com/watch?v=ZloHVKk7DHk
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RustyNomad
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November 22, 2015, 11:53:17 AM |
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Nice article but just one point where the writer is wrong and that is in stating that bitcoin volatility is zero.
His argument is that one bitcoin is worth one bitcoin so no volatility, the volatility comes from the fiat currencies its measured against. If this was the case then one could say that the US dollar and or the Euro also have no volatility as one dollar is equal to one dollar and one euro is equal to one euro.
I get the point he's trying to make but bitcoin is volatile and will remain so for some time to come. Volatility will only decrease once the 'spread' of bitcoin is better meaning more bitcoins in the hands of more people.
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FruitsBasket
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November 22, 2015, 11:59:45 AM |
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Bitcoin - It's A Safe BetMost people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil. http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html Cool article, I read that banks, governments treid to break bitcoin but did not succes, is btc really so string that no hacker can ruin it? Good job Satoshi one part of the answer: https://www.youtube.com/watch?v=ZloHVKk7DHkCool video! He really explains it well and give good comparisions. I did not know how btc was secured, now i know to hack 1 private key u have 1in175million chanches and u need to hack with all computers on earth for 100 years :p
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fck@dt-alwayzz_newbz
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Denker
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November 22, 2015, 12:02:42 PM |
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Bitcoin - It's A Safe BetMost people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil. http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html Cool article, I read that banks, governments treid to break bitcoin but did not succes, is btc really so string that no hacker can ruin it? Good job Satoshi Indeed that was a great read. And yes to break Bitcoin you need to hack it's algo, sha-256. Furthermore Bitcoins hash rate is enormous. Therefore it is the best and safest digital vault you can have.
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1Referee
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November 22, 2015, 12:14:17 PM |
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Nice article but just one point where the writer is wrong and that is in stating that bitcoin volatility is zero.
His argument is that one bitcoin is worth one bitcoin so no volatility, the volatility comes from the fiat currencies its measured against. If this was the case then one could say that the US dollar and or the Euro also have no volatility as one dollar is equal to one dollar and one euro is equal to one euro.
I get the point he's trying to make but bitcoin is volatile and will remain so for some time to come. Volatility will only decrease once the 'spread' of bitcoin is better meaning more bitcoins in the hands of more people.
A lot of the early adopters are hard believers of Bitcoin's future, which will make them hold on to their coins for plenty of more years. As long as they don't decrease the amount of coins they have by seling, we won't see the stability becomming less in the comming years, and we also won't see the coin spread get better. I consider Bitcoin as being one of the safest investments with all the potential that it has. How can some one even not see this potential.
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Kprawn
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November 22, 2015, 12:15:36 PM Last edit: November 22, 2015, 02:32:15 PM by Kprawn |
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Bitcoin - It's A Safe BetMost people are unsure about this new technology and like any new disruptive technology seeds of fear and distrust are sowed by the incumbent players. Up to now the prudent advise is not to invest more than 5% of your portfolio, as one bitcoin may have the potential to be worth a million dollars or it can go to ZERO. Over the two years that I have been immersed in this technology, I have come to the conclusion that the chance of it going to zero is nil. http://bitcoinandtheblockchain.blogspot.co.nz/2015/11/bitcoin-its-safe-bet.html Cool article, I read that banks, governments treid to break bitcoin but did not succes, is btc really so string that no hacker can ruin it? Good job Satoshi Indeed that was a great read. And yes to break Bitcoin you need to hack it's algo, sha-256. Furthermore Bitcoins hash rate is enormous. Therefore it is the best and safest digital vault you can have. Furthermore, if Sha-256 is hacked, most financial systems / credit cards / secure sites on the internet will be hacked too.. because many of them use Sha-256 too. Extra info : http://www.integrigy.com/files/Integrigy_Hashing_Credit_Card_Numbers_Unsafe_Practices.pdf I am not worried about the private keys being hacked, because I think it's virtually impossible... I am more worried about the security of the 3rd party services being used by many people. {Coinbase / exchanges / gambling sites.. etc. etc.} The link posted, summarized most of the fears people have, and also debunked most of these myths.
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LiteCoinGuy (OP)
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In Satoshi I Trust
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November 22, 2015, 12:20:17 PM |
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Nice article but just one point where the writer is wrong and that is in stating that bitcoin volatility is zero.
His argument is that one bitcoin is worth one bitcoin so no volatility, the volatility comes from the fiat currencies its measured against. If this was the case then one could say that the US dollar and or the Euro also have no volatility as one dollar is equal to one dollar and one euro is equal to one euro.
I get the point he's trying to make but bitcoin is volatile and will remain so for some time to come. Volatility will only decrease once the 'spread' of bitcoin is better meaning more bitcoins in the hands of more people.
yeah that is true. but volatitly is decreasing and when bitcoin has a fair market cap of several hundert millions it will be alot more stable. you can find some nice Charts here: https://forum.bitcoin.com/post683.html#p683
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Denker
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November 22, 2015, 01:12:47 PM |
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Nice article but just one point where the writer is wrong and that is in stating that bitcoin volatility is zero.
His argument is that one bitcoin is worth one bitcoin so no volatility, the volatility comes from the fiat currencies its measured against. If this was the case then one could say that the US dollar and or the Euro also have no volatility as one dollar is equal to one dollar and one euro is equal to one euro.
I get the point he's trying to make but bitcoin is volatile and will remain so for some time to come. Volatility will only decrease once the 'spread' of bitcoin is better meaning more bitcoins in the hands of more people.
yeah that is true. but volatitly is decreasing and when bitcoin has a fair market cap of several hundert millions it will be alot more stable. you can find some nice Charts here: https://forum.bitcoin.com/post683.html#p683I guess you mean several hundred billions buddy!! The time where Bitcoin was worth hundred millions is over since a few years. A pitty I hadn't around in Bitcoinspace at that time.
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aso118
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★Nitrogensports.eu★
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November 22, 2015, 01:15:30 PM |
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Nice article but just one point where the writer is wrong and that is in stating that bitcoin volatility is zero.
His argument is that one bitcoin is worth one bitcoin so no volatility, the volatility comes from the fiat currencies its measured against. If this was the case then one could say that the US dollar and or the Euro also have no volatility as one dollar is equal to one dollar and one euro is equal to one euro.
I get the point he's trying to make but bitcoin is volatile and will remain so for some time to come. Volatility will only decrease once the 'spread' of bitcoin is better meaning more bitcoins in the hands of more people.
Yes, he talks about volatility being zero, and then immediately says that Bitcoin's value will increase every year. The point he is trying to make is belaboured.
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LiteCoinGuy (OP)
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In Satoshi I Trust
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November 22, 2015, 03:41:28 PM |
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Nice article but just one point where the writer is wrong and that is in stating that bitcoin volatility is zero.
His argument is that one bitcoin is worth one bitcoin so no volatility, the volatility comes from the fiat currencies its measured against. If this was the case then one could say that the US dollar and or the Euro also have no volatility as one dollar is equal to one dollar and one euro is equal to one euro.
I get the point he's trying to make but bitcoin is volatile and will remain so for some time to come. Volatility will only decrease once the 'spread' of bitcoin is better meaning more bitcoins in the hands of more people.
yeah that is true. but volatitly is decreasing and when bitcoin has a fair market cap of several hundert millions it will be alot more stable. you can find some nice Charts here: https://forum.bitcoin.com/post683.html#p683I guess you mean several hundred billions buddy!! The time where Bitcoin was worth hundred millions is over since a few years. A pitty I hadn't around in Bitcoinspace at that time. you got me there
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tiggytomb
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November 22, 2015, 04:20:20 PM |
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Nice article, bitcoin is pretty neat isn't it. Cannot be hacked and cannot be shut down short of turning the internet of, I think it's safe to say bitcoin will be here for a long time to come.
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FruitsBasket
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November 22, 2015, 04:25:38 PM Last edit: November 22, 2015, 09:24:09 PM by FruitsBasket |
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Nice article, bitcoin is pretty neat isn't it. Cannot be hacked and cannot be shut down short of turning the internet of, I think it's safe to say bitcoin will be here for a long time to come.
What if the government blocks all bitcoin related websites, can we still use bitcoin? Mayby by proxy settings?
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fck@dt-alwayzz_newbz
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LiteCoinGuy (OP)
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In Satoshi I Trust
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November 22, 2015, 09:23:14 PM |
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Nice article, bitcoin is pretty neat isn't it. Cannot be hacked and cannot be shut down short of turning the internet of, I think it's safe to say bitcoin will be here for a long time to come.
What if the governemwnnt blocks all bitcoin rekated websites, can we still use bitcoin? Mayby by proxy settings? which gov? there are hunderds of govs around the world. and yes, even in that case you can sent and recieve BTC .
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FruitsBasket
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November 22, 2015, 09:25:58 PM |
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Nice article, bitcoin is pretty neat isn't it. Cannot be hacked and cannot be shut down short of turning the internet of, I think it's safe to say bitcoin will be here for a long time to come.
What if the governemwnnt blocks all bitcoin rekated websites, can we still use bitcoin? Mayby by proxy settings? which gov? there are hunderds of govs around the world. and yes, even in that case you can sent and recieve BTC . Wow, that is very smart. Now I think different about btc, it is a hell of a job to create this, but satoshi did it. I mean if the gov forbid using btc, what then? Use a proxy?
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fck@dt-alwayzz_newbz
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fair_player
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November 22, 2015, 09:26:07 PM |
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Bitcoin - It's A Safe Bet I have come to the conclusion that the chance of it going to zero is nil.
So, why invest only 5% of portfolio?
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AndySt
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November 22, 2015, 11:14:47 PM |
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Bitcoin - It's A Safe Bet I have come to the conclusion that the chance of it going to zero is nil.
So, why invest only 5% of portfolio? Because the world still has a lot of things where we can invest. And put all your eggs in one basket is not the best metod
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LiteCoinGuy (OP)
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In Satoshi I Trust
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November 23, 2015, 09:44:52 AM |
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Bitcoin - It's A Safe Bet I have come to the conclusion that the chance of it going to zero is nil.
So, why invest only 5% of portfolio? He says that BTC will not go to zero but it could go to 5 USD
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justbitcoins
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November 23, 2015, 04:17:32 PM |
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He says that BTC will not go to zero but it could go to 5 USD Bitcoin is a binary bet. If it does not go to $10k in 10 years, it will go to 0. It will be replaced by another more useful coin.
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Chef Ramsay
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November 24, 2015, 06:27:16 AM |
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Bitcoin - It's A Safe Bet I have come to the conclusion that the chance of it going to zero is nil.
So, why invest only 5% of portfolio? He says that BTC will not go to zero but it could go to 5 USD Trollypop (lambcrotch) sighting, can't believe you dignified that with a response. The point remains in a different fashion, if you're young and have working capabilities and smarts, you have a lifetime to recoup losses if it went bust. However, that likelihood is quite rare now so upping bitcoin as a percentage of your port could be safely quite higher. Thanks lamb, I'll keep this one off ignore for 24 hours.
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