Bitcoin's and the future of online banking - Page 46

80% of XRP is being held for banks and that's kind of official info from the beginning

Insane market increases and crashes will not stop happening until the majority of the population is financially educated, which will most likely never happen. Ray Dalio is among the rich and powerful yet he s made a simple 30minute video of how the economy works. As a matter of fact, people have never had easier access to information yet they still won't educated themselves, now why would I be looking for "justice" trying to protect the weaker when they don't protect themselves? The crypto market is obviously gonna bubble out at some point, that was kind of obvious the moment big banks started going in, however you can make a shitton of money in the meantime. It's like a forex market with HUGE gaps to exploit

To be fair though, the REAL market cap of XRP is nowhere near what is shown to the public, as the majority of it is still being held, which could spice things up even more. Not sure if anyone could find data on how much of those 80% have been given to banks that already operate with it, but I doubt its a big %

what sites do you guys use to trade cryptos?

Gemini also experiencing extremely high volume in applications. This is taking forever. I want to gamboool already sheesh.

the CEO of ripple said couple days ago in an interview that RIPPLE Corporation is holding %60 of ripple

TA is bearish: inverted Head and shoulders for BTC
FA is bearish: high fees, possible people dump in early 2018 with deferred capital gains taxes (dont have to pay til 2019)
Sentiment seems bearish

I sold some coins just now at 14k. Put buys in at 10-11k. Could go lower, but probably not, think there will be strong buy pressure at 10k next year. But either way, hold on to your butts.

Anyone know of any good data recovery services for getting a wallet off of s hard drive? It’s a mechanical failure with the read/write heads, so expect it to be expensive.

Does anyone on here actually use Bitcoin to purchase things? We don't actually need a wallet to do this? Wallets and exchanges can get hacked. I obviously can't pay my bills or buy food with BTC yet. I can see the day when that is possible if the banks and the government don't fuck with it. What are the banks play here? I think it is important if we do not need e-wallets. The government would have a difficult time cracking down and it would be more difficult to hack? I just don't understand enough yet. It seems BTC is superior to wire transfers. It seems BTC is more reliable than say Somalia's currency or Argentina's currency. I am not sure if I see it as more convenient (besides wire transfer) than say US currency or German currency. There still really is no reason for me to use it? I think I got a little unlucky in that I busted out of poker right when BTC was close to it's inception. Now (and then), maybe I am too much of a dreamer. Earth citizenship, the internet, a global currency, it just has to be the future right?

On December 31 2017 16:24 RiKD wrote: Does anyone on here actually use Bitcoin to purchase things?

I thought about doing so for some Christmas gifts, but atm making regular small purchases is a bit too much of a hassle with fees and wait times. Also a lot of sites that say they accept bitcoin don't always have their system configured to be good to go for whatever reason.

We don't actually need a wallet to do this? Wallets and exchanges can get hacked.

Since you're sending your coins electronically you need some sort of software to connect you to the network in order to do so. At some level your coins (as in access to them) will always be exposed, but hardware and paper wallets are still way safer than online wallets. The main problem is you still have to deal with an online wallet/exchange if you want to turn your bitcoin back into dollars, euros, or whatever.

There still really is no reason for me to use it? I think I got a little unlucky in that I busted out of poker right when BTC was close to it's inception. Now (and then), maybe I am too much of a dreamer. Earth citizenship, the internet, a global currency, it just has to be the future right?

I don't see it taking over the dollar anytime soon but I'm a bit more of a believer in bitcoin and cryptocurrency now as opposed to a few years ago because I actually use it (online poker). I'd imagine I might use it some other way in the future, it doesn't seem outlandish to me at all that just regular legitimate businesses might need to send money electronically but don't want to have to deal with banks or credit card companies.

I don't even really understand how the technologies will improve but there has to be ways to make it easier to use. I don't really need bitcoin right now. That doesn't mean many areas in the world do. I want bitcoin to work but it is just so much easier to use my bank and credit card. I think the bottomline is that I see BTC continuing to grow as well as some of the better alt coins so it is a wise investment. It is wise to learn how the wallets and exchanges work and looking into what can be bought with bitcoins just out of curiosity.

No one really buys anything with BTC. It's unrealistic tech wise and economically. The coin fluctuates from 16k to 12k in a day. It's better viewed as a gold reserve, and it currently serves that role which does not sit well with many.

There's no absolute security in crypto. Just like anything in life, there's always risk to everything. Avoid shady links, use proper protection, be smart. Try not to have too much money on exchange sites, yadda yadda.

On December 31 2017 21:52 Arirang wrote: No one really buys anything with BTC.

yes you don't need censorship resistance for your coffee transactions.

whats that lucky? I cant hear you over the 36% BTC dominance index (lowest ever) and 125k unconfirmed transactions

On January 02 2018 05:59 spets1 wrote: whats that lucky? I cant hear you over the 36% BTC dominance index (lowest ever) and 125k unconfirmed transactions

then dump btc and hold everything in bcash. i told you this. bitcoin sucks. stay away from it.

bcash is the future!

Don't keep all your eggs in one basket

Well, so much for new year cashouts. No bear in sight yet.

On January 02 2018 12:37 spets1 wrote: Don't keep all your eggs in one basket

"it's centralized. blocks are full. look at the unconfirmed transactions!" haha.

and yet you hold btc and for what? profit in fiat, HAHA. why not just stfu and make money? and the ironic thing is you hold altcoins like bcash for profit IN BITCOIN! HAHAHA omg

If there is one thing I have learned so far it's that I am not a computer scientist or an engineer. I have no real idea if a coin has solid tech or not and hence it will be really difficult to bet on which coin isn't junk.

I like the analogy that bitcoin is like gold but better. If you have 1 block of gold you can't really piece that out to .001 of gold. I trust that the BTC is more secure with a hardware wallet than something sitting in a safe but it seems to me one still needs to use a 3rd party wallet to turn it into fiat money. I get points on my AMEX for buying a coffee or some Chipotle.