Bitcoins - digital currency - Page 905 - Business, Finances and Investing Forum

Clipping a coin does not counter the older definition of inflation. You've got it all backwards. A coin back then had the value of the metal in the coin. When government clipped the coin and said it had the same value, that caused what I'm referring to as inflation. Debasing the coin (by mixing it with another metal) amounted to the same thing as coin clipping.

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11-08-2017 , 08:28 PM

#22602

leavesofliberty

Carpal \'Tunnel

Join Date: Jul 2010 Posts: 6,296

Quote:

Originally Posted by HeardARumor

If (and it is not a given) Bitcoin realizes it's potential the only thing which would suck worse that not knowing it exists would be to have known that it exists and understood it and missed the boat anyway

Yeah, that's definitely true.

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11-08-2017 , 08:33 PM

#22603

Nooseknot

banned

Join Date: Oct 2017 Posts: 1,051

Quote:

Originally Posted by leavesofliberty

Meant to post in Legitimacy and future of Bitcoin thread... so there are three bitcoin threads?

I'm quoting your next post and moving there...

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11-09-2017 , 07:24 PM

#22604

unta8

veteran

Join Date: Jun 2011 Posts: 2,209

Quote:

Originally Posted by coltranedog

I was tweeting out buy recs when the price was 150 all the way up till when it hit 1000 in Nov of 2013

All the twitter idiots came out after the ensuing pullback and I scaled back my tweets on btc because I started to find the trolls annoying.

I have been in since the early days - and actually paid out $10k USD (payable in bitcoin when the price was ~400) for whoever created the best Fire Jon Barry Website.

My tweets self delete after 30 days or so but I've been giving advice and evangelizing btc and a few other coins on twitter a lot more since this past May.

Care to share other coins you're bullish on? I saw you follow Navcoin on twitter?

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11-09-2017 , 07:35 PM

#22605

Bluegrassplayer

Carpal \'Tunnel

Join Date: Sep 2007 Posts: 40,246

I don't get how nav's new app hasn't caused it to double.

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11-09-2017 , 10:02 PM

#22606

0desmu1

old hand

Join Date: May 2012 Posts: 1,556

what is the new app?

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11-09-2017 , 11:51 PM

#22607

luthar

adept

Join Date: Feb 2006 Posts: 905

Quote:

Originally Posted by Bluegrassplayer

I don't get how nav's new app hasn't caused it to double.

These articles might help understand what happenned but take it with a grain of salt...

https://www.investopedia.com/news/bi...r-fork-called/

https://www.coindesk.com/bitcoin-pri...ad-2x-averted/

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11-10-2017 , 08:21 AM

#22608

Zenzor

Pooh-Bah

Join Date: Dec 2007 Posts: 5,420

Quote:

Originally Posted by leavesofliberty

It's hard to follow. What does all this mean?

https://en.wikipedia.org/wiki/Liberty_Reserve

As per my previous post, nobody really knows what is going on with USDt. We only know the following

-- Tethers are often printed when the BTC market appears to be breaking down
-- Few reports exist of people able to deposit/withdraw funds directly to/from Tether.
-- All Tethers issued are routed through Bitfinex into crypto-only exchanges with wide selections of altcoins, mainly Bittrex and Polo.
-- Tether management and corporate structure is proven to be closely associated with Bitfinex.
-- Bitfinex lost banking in March of this year, which coincided with a massive increase in Tether issuance and BTC price.
-- Bitfinex does not perform KYC/AML
-- Tether has yet to provide an official audit of its reserves.
-- The amount of USDt issued is approaching $500mln. For perspective, the Bitfinex cold storage wallet contains ~$1bln at current Bitcoin price ($6800)
-- Phil Potter is the Bitfinex CSO (possibly CEO) and was also listed in Tether's "about us" section as a senior manager before the webpage was removed. He lives in NY and worked for 30 years in financial services.

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11-10-2017 , 09:28 AM

#22609

the real mg0698

old hand

Join Date: Aug 2013 Posts: 1,828

How many days till this "price correction" starts to settle down? From looking at past graphs, it looks like about a week or more. Any ideas? Just trying to figure out when is the best time to buy at it's lowest point

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11-10-2017 , 09:44 AM

#22610

Pinkmann

old hand

Join Date: Nov 2014 Posts: 1,496

Trying to time the market is a waste, just buy x amount every day/week/etc until you've spent your investment amount.

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11-10-2017 , 09:51 AM

#22611

Bluegrassplayer

Carpal \'Tunnel

Join Date: Sep 2007 Posts: 40,246

btc down 6% today

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11-10-2017 , 09:52 AM

#22612

piepounder

old hand

Join Date: Sep 2012 Posts: 1,557

anyone recommend a good site to follow news related to digital currencies?

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11-10-2017 , 10:07 AM

#22613

Pinkmann

old hand

Join Date: Nov 2014 Posts: 1,496

https://www.coindesk.com/

https://coincentral.com/

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11-10-2017 , 11:06 AM

#22614

Max Cut

Guest

Posts: n/a

Quote:

We have decided to continue with the fork as planned. We will not allow the destiny of Bitcoin to be controlled by 6 individuals.

Same date - November 15th.

https://bitcoin2x.org/

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11-10-2017 , 11:10 AM

#22615

Bluegrassplayer

Carpal \'Tunnel

Join Date: Sep 2007 Posts: 40,246

Pretty sure their official site is

http://bitcoin-2x.org/

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11-10-2017 , 11:17 AM

#22616

OFA

old hand

Join Date: Mar 2013 Posts: 1,930

Are the fees on Coinbase not a bit big?

Just bought 325€ worth to test and cost me 16€... fees to sell also?

Thoughts?

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11-10-2017 , 11:22 AM

#22617

HUMBLE.

veteran

Join Date: Aug 2017 Posts: 2,015

Use gdax or gemini.

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11-10-2017 , 11:33 AM

#22618

Max Cut

Guest

Posts: n/a

Quote:

Originally Posted by Bluegrassplayer

Pretty sure their official site is

http://bitcoin-2x.org/

Rogue devs or attempt to pump B2X futures orrrr..... ?

Got the link from Coin Dance.

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11-10-2017 , 12:09 PM

#22619

Zenzor

Pooh-Bah

Join Date: Dec 2007 Posts: 5,420

Quote:

Originally Posted by Bluegrassplayer

btc down 6% today

you must be new here

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11-10-2017 , 01:13 PM

#22620

Bluegrassplayer

Carpal \'Tunnel

Join Date: Sep 2007 Posts: 40,246

That was in response to another post. I wasnt saying "rip btc, you had a nice run" I was saying that if youre going to "buy the dip" then it's dipped.

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11-10-2017 , 01:19 PM

#22621

Ist Das Crazyboi

grinder

Join Date: Jul 2014 Posts: 687

Quote:

Originally Posted by HUMBLE.

Use gdax or gemini.

^^ just to expand on this, open new tab and go to GDAX (owned by coinbase), transfer funds from coinbase to GDAX, input limit order, pay 0%.

For buying you can also load up coinbase with fiat and send that to GDAX.

Just youtube it if you need.

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11-10-2017 , 02:18 PM

#22622

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Shouldn't Tooth's banning cause the price to go up not down?

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11-10-2017 , 02:31 PM

#22623

Hoopster81

Carpal \'Tunnel

Join Date: Feb 2005 Posts: 7,277

why was he banned?

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11-10-2017 , 02:33 PM

#22624

Nonfiction

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 12,498

https://cointelegraph.com/news/bitco...le-in-6-months

Quote:

Bitcoin Classic has confirmed it is shutting down as developers claim Bitcoin Cash (BCH) will become ‘Bitcoin’ by May 2018.

In an official statement Thursday, release manager Tom Zander praised BCH and said its validity meant that Bitcoin Classic had “fulfilled its promise.”

“It is now up to you which chain will gain the most traction. It is now up to the next billion people to start to use Bitcoin Cash. In at most six months I'm sure we'll just drop the ‘Cash’ and call it ‘Bitcoin,’” he stated.

BCH up 40%