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Showing 7 of 7 results by BitCinderella
bitcoin is a netscape of digital currencies. there will be more advanced central bank coin in the future with regular people mass adoption which you can actually use at grocery store
IMO that is practically irrelevant.
Gold exists and it's not an accepted form of money, but almost exclusively used as a safe haven asset. There is $8 TRILLION invested in Gold.
If people use FiatCoin in the future there is still a case for an alternative safe haven crypto asset (BTC). If BTC reaches 2% of Gold market cap then we're at $10,000 BTC.
If 1 bitcoin is worth $10k, it will cost (1800 bitcoins mined per day) x ($10,000 per bitcoin) = $18 million per day to secure the bitcoin network at current level.
Eighteen million dollars every day, six billion five hundred seventy million dollars per year, forever and all time. Doesn't seem practical
Seems like a large amount I agree, but in the grand scheme it's still a drop in the bucket.
For a global payments system and store of value that 8 Billion people can potentially benefit from? I think money has been spent in far worse ways.
Didn't you say FiatCoin will be the global payment system, with BTC being an "alternative safe haven crypto asset"?
Bitcoin makes a pretty poor "global payments system," it can process 7 transactions per second max. That's enough for maybe two US shopping malls. On a slow day.
bitcoin is a netscape of digital currencies. there will be more advanced central bank coin in the future with regular people mass adoption which you can actually use at grocery store
IMO that is practically irrelevant.
Gold exists and it's not an accepted form of money, but almost exclusively used as a safe haven asset. There is $8 TRILLION invested in Gold.
If people use FiatCoin in the future there is still a case for an alternative safe haven crypto asset (BTC). If BTC reaches 2% of Gold market cap then we're at $10,000 BTC.
If 1 bitcoin is worth $10k, it will cost (1800 bitcoins mined per day) x ($10,000 per bitcoin) = $18 million per day to secure the bitcoin network at current level.
Eighteen million dollars every day, six billion five hundred seventy million dollars per year, forever and all time. Doesn't seem practical
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
lucky the price is $666 and not $0 that would be bad
waiting on those walls
$666 is not a great sign.. that's some illuminati banker luciferian shit right there. It keeps going back to that price for ages now. They're just taunting us.
At least it gives time to keep accumulating. They won't be able to hold it there forever.
Most likely an athiest early adopter.
It is probably losing him money to troll Christians (which is the purpose of the athiest religion).
Don't fall for the cognitive dissonance psychology associated with the words 'conspiracy theory'.
A majority of bitcoins are held by a small pool of people. Central banks waste $billions suppressing the gold price by short-selling gold derivatives. Don't just assume 100% that they don't have their dirty hands in the Bitcoin market as well.
I hear they paid Satoshi to concoct a cunning "magic money machine, one that runs on nothing but greed and electricity."
Just use Kraken then 
Not German myself. I didn't know they're cracking down though, even Loacalbitcoin doesn't work in Germany
The site itself is not banned, you can still open it from Germany. However, localbitcoins itself decided not to serve customers in Germany anymore.
Could this be why the price is falling?
Could German traders confirm?
Could German traders confirm?
Hey,
I am logged into my account Coinbase to buy Bitcoins.
I get the following message:
Sorry! Buy & Sell not available in Germany
We are not able to Provide exchanging bitcoin in your region yet. Consider Contacting your local government. Learn More>
It seems to be also affected Luxembourg alongside Germany.
The rest of Europe (32) are not affected.
Since Localbitcoin is banned in Germany, seems probably because the German "local government" there which prohibit.
Does anyone have any info, is on what legal basis prohibited here?
I am logged into my account Coinbase to buy Bitcoins.
I get the following message:
Sorry! Buy & Sell not available in Germany
We are not able to Provide exchanging bitcoin in your region yet. Consider Contacting your local government. Learn More>
It seems to be also affected Luxembourg alongside Germany.
The rest of Europe (32) are not affected.
Since Localbitcoin is banned in Germany, seems probably because the German "local government" there which prohibit.
Does anyone have any info, is on what legal basis prohibited here?
Yes we are going down and it's a trap for panic sellers.
I do not see the price is down. It is still $670. I think the price is very stable in the last 2 to 3 weeks.
Sure, 555 to 705 range in the last 2 weeks, just 150 buck swing. The epitome of stability
