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

[JAGO]

Bitcoin is the most widely known of the crypt-o-currencies, there are several, which will prevail we don't know, they are not going away. For real insight, view John McAfee on YouTube.

If for no other reason . . .


Thomas Jefferson Warned The Nation To Beware The Power Of The Banks

"I believe that banking institutions are more dangerous to our liberties than standing armies,"  Jefferson wrote. " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

J

[Mr Anabolic]

Bitcoin is the  most widely know of the crypt-o-currencies , there are several, which will prevail we don't know, they are not going away. For real insight, view John McAfee on YouTube.

If for no other reason . . .

Thomas Jefferson Warned The Nation To Beware The Power Of The Banks

"I believe that banking institutions are more dangerous to our liberties than standing armies,"  Jefferson wrote. " If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

The day that a major terrorist attack is linked to cryptos for financing, ALL these cryptos come to an end within 72 hours.

[polychronopolous]

$9700

Not to get too personal but what are your recommendations as far as storing the coins?

Online wallet?

Trezor or Nano Hardware?

Cold storage?

[gib]

Not to get too personal but what are your recommendations as far as storing the coins?

Online wallet?

Trezor or Nano Hardware?

Cold storage?

I have bought as a long term hold. So the majority are in cold storage with a Trezor.

A have a smaller amount that I use for transactional purposes with Coinbase and the wallet that comes with it, combined with the Coinbase app on my phone.

I would not recommend leaving large amounts with exchanges. They can always go down, be shut down, or be hacked. And if you have a fear of Government, who may see Btc as a threat to the monetary system you might also fear that the exchanges will be “shut down” and. coins seized.  And if you have a concern about personal data then you might not like the exchanges having knowledge of your holdings or trades.

[gib]

Will bitcoin $10,000 have a boosting effect towards the currency becoming “mainstream”. Or a negative effect as governments start feeling threatened?

https://www.coindesk.com/price-eyes-10000-bitcoin-faces-mainstream-moment/

[polychronopolous]

I remember hanging out on the back porch around Christmas time last year talking with a buddy of mine and he brought up bitcoin and how it was approaching a thousand dollars.

Sort of surprised me because I never thought he was plugged into that same sort of world we all discuss on here.

Anyways, I had just planted 10k in Sanderson Farms at around 80 dollars a share just prior to that. A year later it's sitting right around 160...a fantastic year by any stretch, but holy shit what a year bitcoin has had...no questions about it.

[stingray]

The day that a major terrorist attack is linked to cryptos for financing, ALL these cryptos come to an end within 72 hours.

ha ha like a guy living in cave brought down 4 buildings on sept 11 with 3 planes?

[Irongrip400]

What happens when the rothchilds et al get a piece of this, are we just back to square one?

[El Diablo Blanco]

Wish I had but didn’t. Too bad. Fucking sucks not getting in when it was just $100

[polychronopolous]

I just read something where Buffett said "If China cannot stop bitcoin, nobody can"

You can store this shit on these tiny little usb flash drive size devices and back it up with 2 different passcodes...1 for duress i.e. you are stopped at customs or robbed and a nominal amount is stored to get you through the situation but then you would also have a second passcode to grant access to the motherlode storage.

I don't see how anyone could possibly confiscate it short of gun to the head and even then you would have to give up the password.

And that is to say you will be carrying the wallet with you...which you won't if you are sitting on big time money.

There again China would probably be the only world power big enough to levy heavy prison sentences or at worst death penalty for trading this currency.

If the United States ever took it to that level...How could they? With the checks and balances system we have plus the first amendment and our ability to discuss this stuff. That would be an incredible task to undertake.

Our system here is not really designed to punish people to the extent that would be necessary to shut the entire thing down.

This is a very fascinating time we are in right now.

Just me thinking out loud but I don't think this bitcoin thing is going away anytime soon.

[El Diablo Blanco]

I just read something where Buffett said "If China cannot stop bitcoin, nobody can"

You can store this shit on these tiny little usb flash drive size devices and back it up with 2 different passcodes...1 for duress i.e. you are stopped at customs or robbed and a nominal amount is stored to get you through the situation but then you would also have a second passcode to grant access to the motherlode storage.

I don't see how anyone could possibly confiscate it short of gun to the head and even then you would have to give up the password.

And that is to say you will be carrying the wallet with you...which you won't if you are sitting on big time money.

There again China would probably be the only world power big enough to levy heavy prison sentences or at worst death penalty for trading this currency.

If the United States ever took it to that level...How could they? With the checks and balances system we have plus the first amendment and our ability to discuss this stuff. That would be an incredible task to undertake.

Our system here is not really designed to punish people to the extent that would be necessary to shut the entire thing down.

This is a very fascinating time we are in right now.

Just me thinking out loud but I don't think this bitcoin thing is going away anytime soon.

Fuck that. Create a bucket on a cloud provider. Triple lock it and you’re set. You can have it duplicated across different cloud providers for redundancy.

[Marty Champions]

no ones made any money other than bitcoin alone... you are just funding AI hardware

[gib]

What happens when the rothchilds et al get a piece of this, are we just back to square one?

Not if we buy in now and secure our future. This is a once in a lifetime chance to grab stake in what may well be the store of wealth in the future. But yes the big boys will eventually start to move in. Watch for Goldman Sachs to start making moves in 2018.

[polychronopolous]

Fuck that. Create a bucket on a cloud provider. Triple lock it and you’re set. You can have it duplicated across different cloud providers for redundancy.

oh yeah thats awesome bro

[JAGO]

The day that a major terrorist attack is linked to cryptos for financing, ALL these cryptos come to an end within 72 hours.

Did cash come to an end? I think you're missing the point . . . They are not controlled or influenced by the government They would continue to be traded amongst those who buy them, deal with them and offer goods and service in exchange for them.

J

[gib]

$9800

[gib]

$9900 ...

[SOMEPARTS]

Will bitcoin $10,000 have a boosting effect towards the currency becoming “mainstream”. Or a negative effect as governments start feeling threatened?

https://www.coindesk.com/price-eyes-10000-bitcoin-faces-mainstream-moment/

When govt figures out how defunded they will be with all that money outside the system they will have to crack down on it. The libertarian aspect of it as money has an appeal but it could be very disruptive in ways that cannot be calculated. It would be the perfect vehicle for the crash of all crashes and a reset of world debt - nameless, faceless, blameless, etc.

[gib]

When govt figures out how defunded they will be with all that money outside the system they will have to crack down on it. The libertarian aspect of it as money has an appeal but it could be very disruptive in ways that cannot be calculated. It would be the perfect vehicle for the crash of all crashes and a reset of world debt - nameless, faceless, blameless, etc.

What might also happen is that some governments might see owning substantial amounts of bitcoin as a way to hold power and exert control and influence over the world. So it’s quite possible that, China for example, would start to systemically and strategically buy up and accumulate bitcoins. Also quite possible for much smaller nations and kingdoms etc to do likewise.

[manuelsonn]

What is bitcoin and what is it backing it? A big, juicy Ponzi scheme?

[gib]

What is bitcoin and what is it backing it? A big, juicy Ponzi scheme?

Bitcoin is backed by mathematics. Its actually the US Fed combined with taxes that is the Ponzi scheme.

[Mr Anabolic]

Did cash come to an end? I think you're missing the point . . . They are not controlled or influenced by the government They would continue to be traded amongst those who buy them, deal with them and offer goods and service in exchange for them.
J

That's right... it's a NEW PARADIGM!... A NEW CURRENCY!... TOTALLY ANONOMOUS!  Buy it now or be priced out forever!  Government has NOTHING to do with blipcoin and they can never touch it!


lol



When the bubble finally pops it will be like yelling fire in a crowded movie theater... and most will not be able to get out in time.   

Beware Dec 10th 2017.

[Mr Anabolic]

Bitcoin is backed by mathematics. Its actually the US Fed combined with taxes that is the Ponzi scheme.

101010101010101010101010 101010101010101010101010 101010101010101010101010 1010101


Lots of value and tangibility there!

[gib]

101010101010101010101010 101010101010101010101010 101010101010101010101010 1010101


Lots of value and tangibility there!

Lol. Mr Anabolic. I know you believe in gold right? Gold is backed by nothing. It’s price is determined entirely by supply and demand. For the new generation they find it make much more sense to use a currency backed by mathematics and binary code, accessible at an instant on their phones, rather than to use lumps of a metal taken from out of the ground which to them seems entirely outmoded and harks back to primitive caveman times (shells, feathers, rocks etc). They also have lost trust in Governments and central banks who they see as being able to “steal” from them, both by endless money printing and via taxes. Hence they are moving to bitcoin. Mathematically limited and certain. Cannot be traced. Cannot be stolen or devalued. 

It’s a really a quite revolutionary time!

I’ll reply to one of your earlier posts a little later. But I see you have done a little research and this is all part of an “old school” investor getting there. As I wrote earlier you will be buying, as you start to work it out. Indeed if btc fell sharply, I’m pretty sure you would buy a little. Go on and admit it

[gib]

101010101010101010101010 101010101010101010101010 101010101010101010101010 1010101


Lots of value and tangibility there!

Ps - you do realise that all those little ones and zeros also represent all the money you have with banks
right? And all stocks you own (unless you still hold physical stock certificates). Oh and also all gold you own (unless it’s physical gold).

You’ll get there old fella. I know you will as you are one of the smarter guys here.