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Showing 20 of 76 results by Amial
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Board Bitcoin Discussion
Re: Bitcoin, is it really just a bubble?
by
Amial
on 12/12/2017, 11:48:53 UTC
The real bubble occurred in 2013 when it hit $1200 then shat to $200. I bought a flight on cheapoair the day it hit $1100 to go visit my friend overseas, by the time I landed the bubble was starting to pop. I remember the day clearly.

Nah that was a crash due to Mt Gox not a bubble
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Board Bitcoin Discussion
Re: Bitcoin, is it really just a bubble?
by
Amial
on 12/12/2017, 11:47:51 UTC
saying bitcoin is in a bubble is FUD spread by traditional bankers its like saying the internet or apple was in a bubble when it just started only diffrence is bitcoin is a treat to the global finacial system unlike the internet so you guys must expect a bumpy ride but i bellieve we will see a 100 000$ bitcoin in the future!

The Economist magazine recently published an edition with the article, 'the bubble without any fizz'. The general gist is that 'Low interest rates have made more or less all investments expensive'.
Bitcoin could be included in the scope of 'all investments'. If 'everything' is a bubble, then is it sensible to even talk in terms of bubbles?
If 'Everything' is a bubble in terms of fiat currency, then perhaps the questions should focus on the currency itself. This is the common denominator that gives 'life' to these bubble characterisations.
Our fiat currencies are debased, they are becoming worthless. People are finding safety in houses, art, stocks, land etc. They are becoming stores of value in themselves! Inefficient ones!
Many people are waiting for a more efficient store of value. Bitcoin is the best contender right now to serve that purpose.

In an era of deep mistrust in big government, it's pretty huge.
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Board Bitcoin Discussion
Re: Do you think Bitcoin can ruin a Country?
by
Amial
on 12/12/2017, 11:38:37 UTC
I think maybe they will collect taxes in bitcoins ahahaha
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Board Altcoin Discussion
Re: What are the best ICOs right now?
by
Amial
on 11/12/2017, 22:47:31 UTC
The HQx Token: What It Is and Why You Want It


If you have a business, you likely spend a lot of time every quarter trying to figure out the best way to utilize your marketing budget. You want to reach the most potential consumers for the least money possible. Likely you have noticed that more and more of your budget is being spent on internet advertising. In fact, for the first time, in 2017, a plurality of advertising expenditures worldwide went to the internet. By 2021, half of the money spent by businesses on advertising is expected to go online.
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Board Bitcoin Discussion
Re: Bitcoin forks
by
Amial
on 11/12/2017, 22:42:48 UTC
I think it's bad for bitcoin..... adds to confusion, adds to the politics (see bitcoin cash). Forks should not be allowed the prefix of bitcoin. They are just alts.

bitcoin is open source, this means you cannot forbid forks.
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Board Bitcoin Discussion
Re: Safest way to keep bitcoins?
by
Amial
on 11/12/2017, 22:36:04 UTC
If your talking that much why not just invest in a hardware wallet like a Trezor?

I heard Trezor has some kind of software issue recently I probably want to avoid them.
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Board Bitcoin Discussion
Re: Safest way to keep bitcoins?
by
Amial
on 11/12/2017, 22:30:14 UTC
If your talking that much why not just invest in a hardware wallet like a Trezor?
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Topic
Board Bitcoin Discussion
Re: Difference between Bitcoin and real money?
by
Amial
on 11/12/2017, 22:18:23 UTC
The DE needs to do its homework. BitCrap was actually invented by NSA (or rather the blue print was in the form of blockchain technology). BitCrap is approved by Banksterville as it happens to want all of us trapped inside digital only currencies. The last thing Banksterville wants is the public investing in real money, gold and silver. Both the latter are manipulated constantly by large banks to stop them finding their true, free market value. In fact thanks to algo driven, HFT bank trading there is no such thing as a free market anymore. BitCrap is backed by nothing so no better than the current bankster invented paper Ponzi scheme. In fact it is worse as a digital money only society will mean the loss of all financial privacy. BitCrap's price is soaring due to dodgy Chinese money using it to escape the country, also it is a speculation trade for wealthy banksters. Finally it is now known that BitCrap is awash with Spoofing (to push the price up). It is a mugs game and best left to them.
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Board Bitcoin Discussion
Re: Which documentary is the best Bitcoin Documentary?
by
Amial
on 11/12/2017, 22:11:02 UTC
Bitcoin: The End of Money (as we know it)
The Bitcoin Gospel
Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
Amial
on 11/12/2017, 22:01:00 UTC
Bitcoin is a synthetic commodity. It's supply fixed, therefore it bound to rise compared to fiat currencies, provided adoption continues.
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Board Bitcoin Discussion
Re: Indonesian Government Banned Bitcoin
by
Amial
on 11/12/2017, 21:56:33 UTC
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of
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Board Bitcoin Discussion
Re: Indonesian Government Banned Bitcoin
by
Amial
on 11/12/2017, 21:52:01 UTC
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.

Good luck my friend. You're a hero for standing in the way of those evil tyrants. It's people like you who are the reason crypto will be able to get enough of a foothold over the powerful corrupt and change the world for the better.

Thank you for your support my friend. Wishing you all the best from Indonesia. God Bless You. Wish us luck too! Happy trading bitcoin!
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Board Bitcoin Discussion
Re: Indonesian Government Banned Bitcoin
by
Amial
on 11/12/2017, 21:32:38 UTC
Well if more Governments ban Bitcoin , this is good for anonym coins like Onion. But in my opinion you can t ban Cryptocurrency , people will always find a way to use their crypto coins , no matter what the government says.
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Topic
Board Exchanges
Re: I shared my id photos to cex.io and started paranoia
by
Amial
on 11/12/2017, 21:27:36 UTC
Whoever downvoted this, please leave a reason why. My anger about them is not justified?


Sounds like a very frustrating and nerve-racking situation but at least they're communicating with you which is good.
I upvoted you because your experience and feedback may help someone else.

You are right, but I believe that account related issues must be resolved within few days and support must be fast because priority is High. They created this whole situation and after that I have to wait for them. Very poor support. Companies like cex.io make so huge profit monthly, but still cannot invest some money for proper support. They do not even have call support which seems fishy to me.
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Board Bitcoin Discussion
Re: Is Bitcoin ever be Mainstream?
by
Amial
on 11/12/2017, 18:23:10 UTC
Will we ever use Bitcoin for day by day use? Buy a bread, a phone, a car, an appartment? Or Bitcoin will more likely be a way of just storing value and we have to rely on altcoins to use them daily?

I prefer your second opinion like BTC to be storing value. The costs prove it us. I dont think BTC will go down to costs of alts so we will use them for daily.

Just a heads up to anyone getting into this field. Amongst the genuinely revolutionary tech is a minefield of scams and people simply pumping their own investments. For every over night millionaire there is a bunch of bag holders. Be very wary of people recommending this or that. Do your own research. Don't get emotional and 'panic buy'. And only invest what you can afford to loose. It's truly un unregulated wild west. Be careful.

Yes, Bitcoin will perhaps solve it's problems. But at least Ethereum has a roadmap with plenty of developers working within to advance it's technology.

I do a lot of research and all should do the same. The projects I mentioned are pretty solid. Most importantly these are relatively still in early stages of development or growth, bigger risks or bigger rewards, if as this article suggests crypto will go mainstream.

Sorry..replied to wrong comment. Guardian doesn't allow you to delete??

Not the least of which is the utter bullshit spouted by the people behind it in this piece. It's pure word salad.
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Board Bitcoin Discussion
Re: Is Bitcoin ever be Mainstream?
by
Amial
on 11/12/2017, 18:16:54 UTC
To complete a real-world transaction in which the buyer / seller requires a traditional currency.
Plenty of trades take place solely in bitcoin.
Think: drugs, extortion, you get the idea.

I'm not sure I really understand your comment. You could just as easily ask the question the other way around. Using cash to buy something is a method of exchange, that's all. Buying a cryptocurrency with cash is no different than buying foreign currency with cash. The only measure of the value you could ascertain from either transaction would be the exchange rate.

"One of the newest offered to market is Tazos..."

No Tazos are something different, does anyone proof read this stuff ?

I highly recommend anyone curious of the space to research Ethereum. It is gaining traction for good reason. It's a bit like Bitcoin but you can run code called smart contracts on top of it, making it very clever. As a currency alone, transactions are done in seconds for cheap compared to Bitcoin which for the same price will take hours or you can pay very high fees for the transaction to go through quicker.
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Board Bitcoin Discussion
Re: Is Bitcoin ever be Mainstream?
by
Amial
on 11/12/2017, 18:13:32 UTC
The intention was to have p2p transactions, so third parties like Banks, would be avoided. So, using bitcoin as a mainstream currency would be like missing the whole point. It's not only because of technological issues like scalability, slow transactions and high fees, that will not make it work like a currency. Although there are companies accepting bitcoin, the high volatility makes it risky to use as a currency.

took me 10 days to sell my shares into FIAT..get the money into my traditional bank, send thsat money from Australia to overseas where I live then withdraw that money from my local ATM - all attracting fees..Then I bought my Bitcoin and had it in my wallet in 8 mins..LOL..
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin ever be Mainstream?
by
Amial
on 11/12/2017, 18:05:21 UTC
Bitcoin is slow to transact, energy intensive and if you lose it, you really lose it. You can't just call the bank to get it back.
It is, at the same time, intriguing and a very intelligent design. Nonetheless, it carries the seeds of its own destruction.
If you don't already know, bitcoin is 'produced' by vast data-centres, consuming on aggregate the same energy as the whole of Ireland. And that's with a current minuscule market cap.
Sustainable? Naah...



Have you considered the vast number of data centres full of whirring computers it takes to run the very Internet we converse on? It's only 'worth it' if you consider it worthwhile. You simply don't consider bitcoin worthwhile. While others clearly think that Bitcoin has tremendous value with much more to come. Perhaps they are wrong, or are you missing something?

Well - we have currency today that is free and fast to transact, free to store and enables others to prosper, since our surpluses can be lent to others. Transactions are also guaranteed so that you are protected from fraud.
Bitcoin is very slow to transact (about 10 mins), costs a lot to store, is not easy to lend and the big problem is this: if you are defrauded, then tough luck. It's gone.
There maybe 250,000 active users of bitcoin, consuming more energy than the whole of Ireland, just to keep this ponzi scheme going.
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Board Bitcoin Discussion
Re: Is Bitcoin ever be Mainstream?
by
Amial
on 11/12/2017, 17:57:30 UTC
logical fallacy

Sorry but the current system it totally open to criminals just as much as bitcoin. At least with bitcoin you can see every transaction on the ledger.

How, exactly?

There’s a quaint idea going around of moving towards an environmentally sustainable, peaceful World supported by appropriate money, currency and finance systems. Complementary currencies could play an important role, if we weren’t so busy feeding greed.
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Board Bitcoin Discussion
Re: Is Bitcoin ever be Mainstream?
by
Amial
on 11/12/2017, 17:54:56 UTC
Money has been practically the same for hundreds of years, controlled at a centralized source, etc.

Money is now entering an new era, acquiring new dimensions, becoming decentralized, and becoming smart Smiley

It will take a while for people to get used to this, but they will....

The criminals have got used to it very quickly indeed. That's what happens when you have no centralised control.

You're referring to (private) bankers, right?

The first use case is almost always criminal as institutions are slow to move and have pesky regulations, especially when it comes to finance. As with the internet, it will change very very quickly. Buckle up.