Thread: RIP Bitcoin

Originally Posted by Plan B

ETH already forked, that's why there's ETH and ETC. Haven't heard about another fork, what's the story there?

Something I caught scanning either Steemit or the Bitcoin forum, forget which.

The only thing I'm really paying attention about ETH is if the price drops to $200 again it is time to buy some more, and be ready to drop it like a hot potatoe if EOS delivers it's promises.

Originally Posted by forreachingme

The value still increases but slowlyer...

1 Bitcoin equals
3621.18 Euro

As one said in a post earlier it can go 10'000 Usd a Bitcoin eventually some day, some also say that it could go one million Usd a Bitcoin, future will tell...

Still to hard to cash out, but improving, instant International transfers without the fees, anyone using ? I pay like 30 Chf on my bank transfers on private account, when i had a company account they charged 5 Chf

I sent some bitcoin (.05) to my daughter in the USA the other day, first confirmation arrived in 10 minutes, cost $.25 usd.

The main value I see in the bitcoin is as a long term hedge against the ongoing devaluation and probable future debt default of fiat currencies.

For more BTC liquidity there are numerous BTC, ETH, DASH based debit cards. Fees are similar to any visa card. You can choose $, €, or £.

this was an interesting read - many of the coins were new to me

10 Top Cryptocurrency Investors Share Their Favorite Long Term Picks | HuffPost

There’s a lot of focus right now on short-term speculation in the cryptocurrency space. But at some undefined future point, a reversal from speculation to value is going to happen. And when it does, you’ll want to be in the right positions.

Investing exclusively in tokens with real world value creation is the philosophy that my crypto hedge fund, General Crypto, is predicated on. Unless you’re a skilled day trader and don’t mind incredible stress levels, it’s wise to buy-and-hold coins with game-changing value rather than just jumping to and from the flavor of the week.

Analyzing the validity of that value isn’t easy. So I thought it would be interesting to hear what some very smart people who dedicate themselves full-time to crypto are betting on in the long-term.

Here are each of their top three picks that they intend to hold (and not decrease position size) for at least the next two years, and why they believe in them so much.

Originally Posted by Plan B

Originally Posted by Mr Earl

Bitcoin is hardly a cool new "thing" at this point. The little understood intrinsic value of bitcoin is the blockchain from which it works.

Blockchain is old tech, bitcoin is old tech. Distributed Ledger Technology is blockchain 2.0. Too many crypto-anarchists stuck with the investing in ideals rather than investing in technology approach.

Originally Posted by forreachingme

25 cents cost is cool and 10 minutes is fast, just still to difficult to use... Will try for the fun, to via net take from Swiss bank account convert into BTC and send to Phils get it in Pesos, need study...

XRP is where you want to be. While the crypto-anarchists are trying to fight the banks XRP is offering up 5 second international money transfers for a fraction of a cent. SCB in Thailand is already using it for Japan - Thailand money transfer corridor.

Sure the bitcoin and the blockchain concepts were first proposed by NSA cryptographers back in 1993 just as the internet went mainstream.
But there is nothing out of date about the concept of decentralization. Right now the system is evolving to handle the projected volume as it hits mainstream acceptance.
Technology like EOS is about to come online with a wide array of possible applications.

XRP as you mention is a centralized vehicle for wall street and associated investing and likely should be a part of a balanced porfolio. But I think privacy will be a larger factor, hence coin like DASH, XMR, ZEC will become more widely used as currencies.
The whole point of bicoin as I understand is the decentralized oversight and therefore out of the hands of the government and fiat banking cartels which are about to self destruct under the weight of their fraudulent expantionary Keneysian economics.

Interesting documentary about blockchain

definitely a game for suckers

is it related to Pogemon GO ???

Complaints to CFPB surge about bitcoin exchange
The Consumer Financial Protection Bureau this year has received 293 complaints against popular bitcoin exchange Coinbase, compared with six complaints during all of 2016, according to data compiled by Bloomberg. The online exchange has had a hard time keeping up with the dramatic increase in bitcoin trades as the digital currency's value shot up to record highs.

https://www.bloomberg.com/news/artic...s-demand-money

in main time still many suckers make loads of real money with Bitcoin...

Will reach 4k Euro sooooon, may be...most probably even 5k and more before more..or less...

1 Bitcoin equals
3831.15 Euro as per September 2 2017

I suspect 10k is even possible with fools

Some say it can or will go to a million

than the rest of the World will be the fools,

i am open to all scenarios, current money is to be replaced somehow, and how most government plan it is no good, with their banks holding name of their countries but in hands of few private abusers, it needs a new system, complete reset, new rules, many ideas into Bitcoin are good since it is not controlled by a government or central bank.
Fiat currencies always failed so far.

Originally Posted by forreachingme

Some say it can or will go to a million than the rest of the World will be the fools,

Originally Posted by forreachingme

many ideas into Bitcoin are good since it is not controlled by a government or central bank.

you do realize that the value of money is a bit more complex than simply saying that it is not controlled by a government or central bank

and what is the "underlying" value of a bitcoin, apart from bits and strings of bytes, gold maybe ?

so it's a fiat currency like everyone else, until someone panic and realize it has no real value

Originally Posted by forreachingme

Some say it can or will go to a million

alt coins are the new gold
btc is not it because it is miner controlled
99.9 percent of ico,s are rubbish
i am buying dcr

all alts have taken a hammering in the last 2 days

bitcoin is down 20 percent and still falling

I want DCR to get back to 20-22 USD so I can get another 5k USD at that price

I had a look at DCR today. As far as I can see it's a better managed BTC. Apart from that... meh. I must have missed something. It's not offering anything new in the cryptospace.


Read today remarks from the CEO of QualCom. He sees decentralised data storage as the future. There's a few coins in that space that look promising. Personally I can't see really good reasons for large companies to go that route but if it's the new thing, there could be money in it.

China announced a ban on all ICOs. Entire crypto market has gone into free-fall. I think it's a good thing. The chaff needs to get binned. A large dump followed by the worthy survivors going exponential would not be surprising.

Originally Posted by baldrick

BTC bottomed at 3910 USD - but we will have to see if that is the end of the downward correction - I hope it has further to go

I've been hoping the same for stocks and housing. Everything is overpriced and its a rough time to be buying.

Originally Posted by longway

Here's a suggestion.

here's another suggestion....don't invest your money in something you don't understand.

and the overwhelming majority of people on this thread who think they're "investing" are actually speculating.


howard marks and dennis gartman have admitted they don't understand crypto currencies, and are steering clear of them.....but i'm sure earl knows what he's doing.

Originally Posted by raycarey

here's another suggestion....don't invest your money in something you don't understand.

wise words, and a tenor of successful investment

Originally Posted by raycarey

and the overwhelming majority of people on this thread who think they're "investing" are actually speculating.

actually they are not even speculating, they are gambling

Originally Posted by longway

the guy who is behind BAT is the guy who invented javascript.

doesn't mean anything, very different technology with different purposes

it's like saying that Steve Jobs could design a car or the next toaster, so it must be good

a very naive approach to validating the credibility of a new tech,

anyway, like any gambling, as long as you understand the downside risk, there is no harm to making a few bets

^ what it means that it is legitimate and in this environment that is important to know, at least there is chance it will succeed because it is not a scam from the get go, or poorly designed.

On top of that it shows this guy knows what he is doing, and yes if jobs designed toasters they would make good toast.

I do see potential pitfalls to bat, but the guys behind it are clever and will anticipate a lot of the wrinkles, on top of that there will be many who want it to succeed, which is very important.