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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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wumpus
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December 09, 2013, 11:10:28 AM |
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Big bitcoin holders only control the market up until the point that they sold all their coins. They can have deep pockets, but not infinite ones.
This is very different from the FED which can print new money as they wish.
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Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through File → Backup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts. |
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bryant.coleman
Legendary
 Offline
Activity: 3668
Merit: 1217
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December 09, 2013, 11:16:58 AM |
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A lot of people are using Bitcoin for ideological reasons. That makes sure that Bitcoin will not lose all of its value.
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eXme (OP)
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December 09, 2013, 11:39:29 AM |
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Big bitcoin holders only control the market up until the point that they sold all their coins. They can have deep pockets, but not infinite ones.
This is very different from the FED which can print new money as they wish.
Ye but they got Silk Road  |
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Johnny Bitcoinseed
Full Member
Offline
Activity: 154
Merit: 100
Johnny Bitcoinseed
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December 09, 2013, 11:50:37 AM |
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LOL - lately there have been many people on here making posts in an attempt to make the price of bitcoin fall so they can buy more cheaper.
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bryant.coleman
Legendary
Offline
Activity: 3668
Merit: 1217
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December 09, 2013, 03:28:52 PM |
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LOL - lately there have been many people on here making posts in an attempt to make the price of bitcoin fall so they can buy more cheaper.
This forum is full of experienced people, so posting here will be of no use. Earlier the bears were posting in the BTC-E trollbox, but it seems that the exchange is banning quite a lot of them. |
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Jcw188
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December 09, 2013, 03:34:37 PM |
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I agree there seem to be a lot of people posting to try to deflate the BTC price. I could see it going down but I doubt it would go to zero. Unless something goes wrong like hacking. Well, maybe the btc community would latch onto a new cryptocurrency if btc develops more problems?
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KUCOIN
Gate.io | | |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 09, 2013, 03:41:29 PM |
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poeple still don't get it, BUY BUY BUY! |
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seriouscoin
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December 09, 2013, 03:43:47 PM |
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LOL - lately there have been many people on here making posts in an attempt to make the price of bitcoin fall so they can buy more cheaper.
This forum is full of experienced people, so posting here will be of no use. Earlier the bears were posting in the BTC-E trollbox, but it seems that the exchange is banning quite a lot of them. Actually no.... Most noobs read this forum to figure out their "trading" It takes so little to pass the Newbie section on here. |
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Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
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December 09, 2013, 05:28:43 PM |
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"Everyone Betting On Bitcoin Will Lose All Of Their Money"
If only ONE will make profit at least 1 CENT then it is not TRUE. So it is BS. :-)
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bryant.coleman
Legendary
Offline
Activity: 3668
Merit: 1217
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December 09, 2013, 05:29:58 PM |
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Actually no....
Most noobs read this forum to figure out their "trading"
It takes so little to pass the Newbie section on here. Hmm... in most of the cases bearish / spam threads are immediately taken care by the older members. Also, even the newbies will notice the post count and trust ratings. |
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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December 09, 2013, 05:43:49 PM |
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poeple still don't get it, BUY BUY BUY! Buy MOAR! I need more newbies.. Otherwise I can't realise 10000% profit. So BUY BUY BUY. Not for yourself, but for me and others allready holding bitcoins. Buy more. We will cash out and you can search other idiots  |
< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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superduh
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December 09, 2013, 06:13:51 PM |
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stfu bill
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ok
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superduh
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December 09, 2013, 06:15:29 PM |
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poeple still don't get it, BUY BUY BUY! Buy MOAR! I need more newbies.. Otherwise I can't realise 10000% profit. So BUY BUY BUY. Not for yourself, but for me and others allready holding bitcoins. Buy more. We will cash out and you can search other idiots stfu . you make stupid as fuck posts and when i offer to escrow a bet to your ridiculous stupid claims you just disappear like a big (censored) that you are. all talk no balls or brain. you're like a mentally challenged parrot? (sorry mods, if you wish me to change this message i will gladly do so. i just hate when people make pointless troll posts and don't even want to back it up with a real bet) |
ok
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I_bitcoin
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December 09, 2013, 06:16:03 PM |
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You funny
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No matter where you go, there you are.
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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December 09, 2013, 06:16:27 PM |
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Buy MOAR! I need more newbies.. Otherwise I can't realise 10000% profit. So BUY BUY BUY. Not for yourself, but for me and others allready holding bitcoins. Buy more. We will cash out and you can search other idiots You don't have any bitcoins Mirsad, shut up now. You are pathetically trying to get some lower price where you could sell your kidney to afford one BTC. At least that is my impression from your posts; it is also very close to reality. |
i am satoshi
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donbu7
Member
Offline
Activity: 119
Merit: 10
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December 09, 2013, 06:18:35 PM |
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I think this guy might have a point, too much speculation on BTC |
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t3xasdolly
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December 09, 2013, 06:20:14 PM |
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Not much ballanced, Bitcoin is not about speculation only |
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flynn
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December 09, 2013, 06:22:35 PM |
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I really think that some of these bears are really upset by the bitcoin's perfs.
Something like they suddenly realize that 90% of the world is virtual and they can't accept it because they didn't see it happening.
just my 0.02 BTC
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GigaCoin
Sr. Member
Offline
Activity: 308
Merit: 251
Giga
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December 09, 2013, 06:58:35 PM |
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He seems out of touch with modern times, One thing in common about all the "celebrity" bitcoin bashers is that they missed the train and can't make their 10,000% profits anymore. |
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superduh
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December 09, 2013, 07:35:10 PM |
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He seems out of touch with modern times, One thing in common about all the "celebrity" bitcoin bashers is that they missed the train and can't make their 10,000% profits anymore. yes, when you monitor their statement you can see clues to their envy, jealously and them attempting to sound relevant. this happens all the time |
ok
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flynn
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December 09, 2013, 07:36:29 PM |
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Everyone Betting On Bitcoin Will Lose All Of Their Money All of their money are belong to us ! |
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ajax3592
Full Member
Offline
Activity: 210
Merit: 100
Crypto News & Tutorials - Coinramble.com
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December 09, 2013, 07:37:10 PM |
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A lot of people are using Bitcoin for ideological reasons. That makes sure that Bitcoin will not lose all of its value.
Exactly, don't know why people fail to see this characteristic of Bitcoin. |
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eXme (OP)
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December 09, 2013, 08:52:11 PM |
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have some trust in bitcoins! in 2016 it will worth more then 5k im sure!
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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December 09, 2013, 08:54:06 PM |
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have some trust in bitcoins! in 2016 it will worth more then 5k im sure!
Only 5K, but that's not FAIR! I paid 2k for 1 BTC! I want 10000% profit in 1 year! Damn suckers! |
< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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superduh
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December 09, 2013, 09:52:22 PM |
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have some trust in bitcoins! in 2016 it will worth more then 5k im sure!
Only 5K, but that's not FAIR! I paid 2k for 1 BTC! I want 10000% profit in 1 year! Damn suckers! Troll |
ok
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bitleif
Sr. Member
Offline
Activity: 351
Merit: 250
I'm always grumpy in the morning.
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December 09, 2013, 10:54:53 PM |
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He seems out of touch with modern times, One thing in common about all the "celebrity" bitcoin bashers is that they missed the train and can't make their 10,000% profits anymore.
Yeah. My summary of this article: "You crazy kids with your newfangled thingamigibbers! You ain't got nuttin! Back in my day, we had to walk twenty miles to the store, uphill both ways, in a blizzard...". |
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bryant.coleman
Legendary
Offline
Activity: 3668
Merit: 1217
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December 10, 2013, 02:52:06 AM |
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Exactly, don't know why people fail to see this characteristic of Bitcoin.
Well.. in that case there is a slight chance that a better cryptocurrency can actually replace Bitcoin. In my opinion, the chances are scarce, as no major technical flaws were discovered for Bitcoin during the past five years. |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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December 10, 2013, 03:15:01 AM |
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Everyone Betting On Bitcoin Will Lose All Of Their Money All of their money are belong to us ! <slowclap> Well done sir. |
"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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CoinGeneral
Full Member
Offline
Activity: 182
Merit: 100
The General
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December 10, 2013, 03:38:03 AM |
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I think the only problem with Bitcoins is there is that it's difficult for the current majority of people to understand today. There's no easy system around it, people don't know where Bitcoins come from, what Mining is, how to mine, how to have a wallet, how to transfer BTC, how to secure a cold wallet, majority of people don't know any of that and I admit it is a lot to learn.
If BTC were to be widely accepted it has to be friendly to people who aren't tech-savvy. Right now there's just no system that does that.
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GeniuSxBoY
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December 10, 2013, 03:48:11 AM |
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"Everyone Betting On Bitcoin Will Lose All Of Their Money" I've already cashed out more USD than I've put in. But then again, I've always been called a nobody  |
Be humble!
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eXme (OP)
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December 10, 2013, 08:17:23 AM |
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He seems out of touch with modern times, One thing in common about all the "celebrity" bitcoin bashers is that they missed the train and can't make their 10,000% profits anymore.
Yeah. My summary of this article: "You crazy kids with your newfangled thingamigibbers! You ain't got nuttin! Back in my day, we had to walk twenty miles to the store, uphill both ways, in a blizzard...". uphill both ways, in a blizzard... rofl +1 |
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