I have had a master node of this coin for a week and it's already doubled in value. Not bad. Big things on the horizon development-wise too!

I like the idea. So what plans do you have for merchant adoption?

This makes total sense to me. Very nice idea.

You could try to find someone who will sell to you informally, like on localbtc.

Depending on where you live, you can also buy some BTC at an ATM without providing ID, but the limits are low, like $800/day where I live.

So you have a few options, but if you want to buy major amounts, it's best to use a real exchange that will require ID.

Registered for the airdrop. Thanks!

Cool, nice to see that you have a working alpha already!

I love this thread. Go all in, baby!

If you had bought all BTC, you would have some major profits by now. Good choice!

Evidently you can create a coin on Waves and call it whatever you want. It is very easy to trick people. Be careful using that platform.

Welp... If everyone all of a sudden decides to stop using tether, then in the short term, it would cause the value of BTC to skyrocket, because to get your funds off of the Bitfinex exchange, you must change them into crypto-denominated assets first (they do not allow USD withdrawals anymore). So a mass flight away from tether would create enormous buy pressure for BTC in the short term.

If you are not sure, then dollar-cost averaging might be a good idea. For example, spend X amount each week. That spreads out the volatility a bit.

I have a verified account, but I am from the US. Am I in trouble? lol

You need enough ETH for multiple gas transactions per trade. You need gas to send from your wallet to ED, then enough to transfer the balance into the exchange from your wallet, then back out, and then on to your wallet. But it still doesn't add up to much. A few dollars worth of ether will last you several trades.

With the Coinbase coins, you just have to wait until they hopefully credit you the balance.

With the blockchain.info wallet and any other wallet where you control your private keys, you can get the private keys and import them into any wallet that supports BTG.

As for me, I got my private key QR code to show up on Electrum and then scanned the QR code with my phone's Coinomi BTG wallet. It worked without a hitch as soon as I got the QR code for the address where my BTC were at the time of the split.

Then I sent the BTG to HitBTC and sold them for BTC.

Make sure to move your real BTC out of the address before you attempt to redeem, though.

If you graph the value of BTC vs. Gold, gold looks like a flat line and BTC looks like a parabola. No Contest.

There are many of us who are so far ahead of where we started that we are pretty well insured against losing out on the amount of our original investment.

I myself could cash out the USD I originally spent on BTC and still have a large amount of BTC. But BTC is now going up so rapidly, I would just want to reinvest that USD into BTC anyway. So I haven't done that yet.

Bitcoin has characteristics of both a currency (e.g. USD) and an asset (e.g. gold). It is unlike anything that has come before it, really. So the answer to the thread title is "yes."

There is no Bitcoin Federal Reserve. New Bitcoins can't be printed at the rate of adoption. And there are certain whales who can singlehandedly affect the price.

Look at the exchange order books and they are thin enough for daily swings to be pretty huge. The market has not matured to the point where there are large reserves preventing a move in any particular direction.

And lately, there has been so much new money coming in, the sellers can't even remotely keep up. So the value has changed quickly, but mostly in the positive direction.

Bitcoin is an investment at the end of the day. And who can afford investments? Generally, rich people. Hyperinflation leading to bitcoin rescuing Zimbabwe and Venezuela notwithstanding, BTC generally makes the rich richer.

Polo USED to offer great returns! But then everyone jumped ship for... reasons... and now you have to loan out for months to make a measly 1%. Sad!

The updates to the market are nice. Rock on Cryptopia!

Also, this exchange was very good about verification even though I am from a geographic location that is a problem for some exchanges.