Bitcoins - about to hit $5,000 per coin today!

[obsidian]

https://www.forbes.com/sites/billybambrough/2019/05/15/ethereum-and-ripples-xrp-soar-as-bitcoin-treads-water-heres-why/#4cacfd2f120c

Bitcoin @ $8000 is 41% of its high.

Ethereum @ $237 is only 17.5% of its high.

If you ask me profit potential with Ethereum is much higher than Bitcoin. I am surprised Gib does not see this.

Ethereum is up 285% since December 2018.

[obsidian]

One of the benefits Gib is promoting is that the income earned from flipping bitcoin is that it's not taxable because its untraceable.

If stores, especially one owned by Amazon, accept it as tender it will be traceable. So one of the primary benefits is not a benefit at all.

If you think otherwise you haven't paid attention to history.

If you use the same wallet for all transactions. You could shapeshift currency from say a Zcash wallet to a Bitcoin or Ethereum wallet. Then make your Whole Foods purchase with that wallet. Nobody would know from which wallet the original funds came from. You could have 20 Bitcoin and 20 Ethereum wallets.

So the bulk of your crypto holdings could still be in an anonymous wallet.

[obsidian]

https://dailyhodl.com/2019/05/15/bitcoin-vs-ethereum-big-crypto-bet-puts-69-btc-and-810-eth-at-stake/

[robcguns]

All I’m gonna say is buy xrp like I’ve been saying for months.Bitcoin is all speculation and a slug showing its age.Xrp is fast as fuck and cheap as hell with crazy utility.Bitcoin transactions are clogged up on all exchanges xrp no problem at all.

[AbrahamG]

I am a nappier man today. 

Fixed.

[robcguns]

https://www.forbes.com/sites/billybambrough/2019/05/15/ethereum-and-ripples-xrp-soar-as-bitcoin-treads-water-heres-why/#4cacfd2f120c

Bitcoin @ $8000 is 41% of its high.

Ethereum @ $237 is only 17.5% of its high.

If you ask me profit potential with Ethereum is much higher than Bitcoin. I am surprised Gib does not see this.

Ethereum is up 285% since December 2018.

Xrp blew them all away in 2017 and will do so again in 2019.I guaran-Fucking-tee that.Bitcoin and etherium both running on spec,utility just isn’t there.

[Dave D]

If you use the same wallet for all transactions. You could shapeshift currency from say a Zcash wallet to a Bitcoin or Ethereum wallet. Then make your Whole Foods purchase with that wallet. Nobody would know from which wallet the original funds came from. You could have 20 Bitcoin and 20 Ethereum wallets.

So the bulk of your crypto holdings could still be in an anonymous wallet.

I understand how it works today.

It won't be an anonymous transaction once crypto has become mainstream.

[tres_taco_combo]

ripple took it hard in jan/feb 2018

[Theoak*]

https://www.forbes.com/sites/billybambrough/2019/05/15/ethereum-and-ripples-xrp-soar-as-bitcoin-treads-water-heres-why/#4cacfd2f120c

Bitcoin @ $8000 is 41% of its high.

Ethereum @ $237 is only 17.5% of its high.

If you ask me profit potential with Ethereum is much higher than Bitcoin. I am surprised Gib does not see this.

Ethereum is up 285% since December 2018.

My boy ltc is up 370% since December.

Guns are still with btc since it has given 3700% increase since me entering the space and 9000% at its height in 2017.

[Theoak*]

I understand how it works today.

It won't be an anonymous transaction once crypto has become mainstream.

Absolutely there are ways to anonymously transfer bitcoin, as the tech develops and becomes more mainstream devs will implement privacy protocols, just as you see in monero and other privacy coins.
I think part of the mainstream adoption will be because of privacy implementation which are already being experimented with.

[obsidian]

Xrp blew them all away in 2017 and will do so again in 2019.I guaran-Fucking-tee that.Bitcoin and etherium both running on spec,utility just isn’t there.

Oh and.....

I own both Ethereum and Ripple. Right now both are on a tear.

There's a lot of development behind Ethereum.

Ethereum went from $8.33 to $1353.55! An increase of 16249 %!!! If you go back further ETH was once around $0.5. So total increase was 270710 %

I know Ripple went up 50,000 %. It was hard to purchase it in the beginning though at those lower prices. ETH you could mine and still can. You can't mine Ripple.

[obsidian]

My boy ltc is up 370% since December.

Guns are still with btc since it has given 3700% increase since me entering the space and 9000% at its height in 2017.

I had LTC and sold it lol. I own almost everything at the top except for Litecoin and Bitcoin. Well I have fractions of Bitcoin and Litecoin - left over from previous transactions. I hate that those little fractions sit there in a wallet - unusable.

[Dave D]

Absolutely there are ways to anonymously transfer bitcoin, as the tech develops and becomes more mainstream devs will implement privacy protocols, just as you see in monero and other privacy coins.
I think part of the mainstream adoption will be because of privacy implementation which are already being experimented with.

Interesting.

Do you have a digital  wallet on an anonymous device, burner iPhone that you use prepaid minutes with,? Did you purchase your digital currency via non traceable means or did you mine it? And when you transfer digital currency to cash what steps do you take to ensure your anonymity?

I understand digital currency is the future but lets not pretend it is going to be transactions taking place where the government isnt getting their share of the profits.

[gib]

Absolutely there are ways to anonymously transfer bitcoin, as the tech develops and becomes more mainstream devs will implement privacy protocols, just as you see in monero and other privacy coins.
I think part of the mainstream adoption will be because of privacy implementation which are already being experimented with.

Try explaining this to Mr Anabolic. He just didn’t get it.

[gib]

Interesting.

Do you have a digital  wallet on an anonymous device, burner iPhone that you use prepaid minutes with,? Did you purchase your digital currency via non traceable means or did you mine it? And when you transfer digital currency to cash what steps do you take to ensure your anonymity?

I understand digital currency is the future but lets not pretend it is going to be transactions taking place where the government isnt getting their share of the profits.

I have always bought mine peer to peer. Not record from any bank or any exchange or corporate seller. Just one blip to another.

[gib]

Xrp blew them all away in 2017 and will do so again in 2019.I guaran-Fucking-tee that.Bitcoin and etherium both running on spec,utility just isn’t there.

BTCs utility is arguably as the original and ultimate agreed on store of value. This does not require fast transaction processing. It requires mass and collective acceptance and agreement that it will serve this function.

[Dave D]

I have always bought mine peer to peer. Not record from any bank or any exchange or corporate seller. Just one blip to another.

Makes sense. I'm not saying it cant be done, as obviously it has been done over and over. My point was when its acceptance is mainstream.

But how were you able to transfer the tangible cash? Was it literally a crypto for straight cash? And where do you store your "digital wallet"?

[gib]

Makes sense. I'm not saying it cant be done, as obviously it has been done over and over. My point was when its acceptance is mainstream.

But how were you able to transfer the tangible cash? Was it literally a crypto for straight cash? And where do you store your "digital wallet"?

Yes literary cash for crypto. Meet up. Exchange cash and they zap the coins to you.

Keep in cold storage and access via a trezor.

[gib]

Www.localbitcoins.com for example.

[Dave D]

Yes literary cash for crypto. Meet up. Exchange cash and they zap the coins to you.

Keep in cold storage and access via a trezor.

Www.localbitcoins.com for example.

Thanks

[Theoak*]

Pretty much spot on, extra layer of security use a VPN.

[Pray_4_War]

I still have no fucking idea what bitcoin is.  Whatever it is, I'm sure the whole thing would go tits up if I ever invested in it.

[Theoak*]

I still have no fucking idea what bitcoin is.  Whatever it is, I'm sure the whole thing would go tits up if I ever invested in it.

Send me your bitcoin address, I’ll pay you not to get involved.

[LurkerNoMore]

Ok, I saw something online that had people talking about the ETF or whatever decision was cancelled and postponed until October.  So the run that the crypto market is showing now will not last.

No idea what this means, can someone explain it to me. 

[Army of One]

Ok, I saw something online that had people talking about the ETF or whatever decision was cancelled and postponed until October.  So the run that the crypto market is showing now will not last.

No idea what this means, can someone explain it to me. 

The belief is that an etf, aka exchange traded fund, is the gateway for normal people with no tech knowledge to be able to easily be to buy bitcoin without ever visiting a crypto exchange or knowing what a crypto wallet is, essentially opening the floodgates for the everyday person to buy btc.Everyone ignores the fact there are already bitcoin etfs in europe and nobody uses them.Also the sec will never approve an etf without the amount of manipulation and fraud currently in the market.