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Showing 14 of 14 results by TheColdestCoffee
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Board Bitcoin Discussion
Re: How far can Bitcoin go?
by
TheColdestCoffee
on 24/04/2018, 18:17:02 UTC
Hard to say, anyone who predicted 9k before the end of the year at the beginning of 2017 would be thought of as believing in a pipe dream, yet here we are. I think we slow down next year and maybe some alts mature. Or we tank. I don’t think we can sustain another 10x in a year.
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Board Bitcoin Discussion
Re: What will destroy the bitcoin?
by
TheColdestCoffee
on 24/04/2018, 17:59:42 UTC
A global outlawing, combined with global anti encryption laws.

EU and US combining their powers to fight bitcoin could harm it, and force it underground, but not truly kill it.
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Board Bitcoin Discussion
Re: best sources of information
by
TheColdestCoffee
on 23/04/2018, 19:13:04 UTC
Everyone has a bias.

The best way to counter this inevitability is to get information from a variety of sites so you don't miss anything important. Coindesk, CoinTelegraph, Bravenewcoin, BitcoinMagazine, mainstream sites, you name it.
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Topic
Board Bitcoin Discussion
Re: where to sell btc?
by
TheColdestCoffee
on 23/04/2018, 18:57:49 UTC
Coinbase is ok, but they do report to uncle sam and have high fees. Just spend your coin at overstock.com or expedia.com
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Topic
Board Economics
Re: Can Bitcoin solve the worlds problem?
by
TheColdestCoffee
on 18/04/2018, 21:09:22 UTC
Blockchain can bring order and solve a lot of problems. But only when it becomes full proof. Crypto currencies (like bitcoin) or tokens or coins are just the value of a share of that company that claim to be run on blockchain. They are highly volatile and that makes them a risky investment. Why should I spent or buy a bitcoin or any other token today if I am not sure what it's value will be tomorrow. Most tokens today will be absolate tomorrow. And many are just scams. Bitcoin is so old a software that it has no value other than pairing and minting money on crypto exchanges. Miners and investors in this field never like to hear anything against it, they defend and promote it aggressively. Inter community war among different token holders is also fierce. Any opinion against is down vote or suppressed or aggressively counters by giving flawed logic. Their money is at stake. They entered in this quite early so are at advantage and want to maintain it. New investor caught in this propaganda and falls for it has limited options. He can wait the money to flow in so his value of investment increases. This makes this whole buisness just like a Ponzi scheme. But chances of this failing are more as the coin you hold may become useless next day or even hour! because a major flaw was found in its software or a exchange was hacked or even the developers ran away(literally). So the one tech savvy guy who is glued to computer screen all the time know about it earliest,exits and saves his money but others are slaughtered. Most crypto exchanges are not under any government and so no law apply to them. Governments and banks are viewed as enemies in this crypto world. But they also bring order. Do decentralised system bring order? You don't want anonymous computer programmers, hackers, criminals, drug dealers, whales or terrorists to run the world for you. Or You?

Most crypto currencies are not decentralised, they are controlled by few individuals with no credentials other than they are computer programmers. Their sole aim is to somehow gobble money. Some crypto currencies are not even on blockchain. Some claim their coin is anonymous. But why you want to be anonymous? Most Governments are not able to understand this and thugs are having a free run. So to say bitcoins and other similar coins will solve problems is not even a valid statement. This actually is a problem right now as it's leading to lot of mining and environmental degradation. Unnecessary fees for transferring. Time consuming and limited number of transfers. Though NANO is also not decentralised yet and not full proof but it appears to heading in right direction.
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Board Economics
Re: Bitcoin or gold?
by
TheColdestCoffee
on 18/04/2018, 20:49:10 UTC
The main one for me is that it's instantly and irrevocably verifiable.

Gold is a fuckin joke in comparison. Paper gold isn't even worth discussing. If you have physical gold you have to either pay a premium to a seller or get it tested.

When you want to sell it you either have to sell it back to the same seller with their cut, or wait to get it tested.

Bitcoin - in wallet. Done.
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Board Trading Discussion
Re: ADVICE FOR ALTCOIN TRADE.
by
TheColdestCoffee
on 16/04/2018, 21:25:19 UTC
When the market is going up it's hard to realise that you are probably going to be bad at this when you first start out. I've seen a lot of people lose a lot of money thinking they were experts after a week.
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Topic
Board Economics
Re: Is it better to save money or invest it?
by
TheColdestCoffee
on 16/04/2018, 19:13:35 UTC
Are you prepared for the possibility of paying taxes on your tuition waiver with the new tax plan? Depending on your tuition, you may not be in a position to invest.
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Topic
Board Economics
Re: Would bitcoin help teach kids about saving?
by
TheColdestCoffee
on 14/04/2018, 18:24:03 UTC
Seriously, if I had kids, I'd be teaching them about crypto using Dogecoin.

Adorable mascot, quicker transactions, nearly empty blocks mined, nearly empty mempool, optional fees, and cheap enough you can own hundreds of coins for a dollar.

It's the same technology as BTC, but less of a barrier to entry to learn about.
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Topic
Board Politics & Society
Re: The world without leaders?
by
TheColdestCoffee
on 07/04/2018, 09:35:12 UTC
How would a world without leaders look like? Worse for a short while and then a world with leaders again.
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Topic
Board Off-topic
Re: What makes you special?
by
TheColdestCoffee
on 06/04/2018, 15:07:04 UTC
I lick pictures of Bob Dylan.
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Topic
Board Economics
Re: Bitcoin as your main income?
by
TheColdestCoffee
on 05/04/2018, 13:09:32 UTC
Bitcoin is money, right now people hodl on it, because it's the most productive thing to do with it. I don't think bitcoin will ever become a daily payment solution for everyone, but it will certainly hit way higher than gold. Once bitcoin will be considered as a valuable and stable asset around the world, you will be able to easily invest your bitcoins into companies or funds that undertake various investments just like right now.
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Topic
Board Off-topic
Re: What is the best piece of advice that you've received?
by
TheColdestCoffee
on 04/04/2018, 11:11:31 UTC
"Your success in life is largely dependent on how many uncomfortable conversations you're willing to have."

My former boss told me this when I was denied re-enrollment to my university to finish my degree. He encouraged me to take a day off from work, drive down to the university, and negotiate with them in person about the ordeal. Being a very non-confrontational person, I would never have done this on my own. Sure enough, I spoke to the offices about it and I was able to enroll.

He later used this line again when he had to lay me off because of financial constraints. But thanks to the same advice, I was planning on leaving work anyways to attend school full time.
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Topic
Board Politics & Society
Re: why are people suffering from jealousy ?
by
TheColdestCoffee
on 03/04/2018, 12:41:19 UTC
Because we're programmed (and we continue to program ourselves) to worship ourselves. And applauding someone else is like an act of betrayal to our own personal god, which is us. The ME generation. A pack of ravenous wolves.