I found out about Bitcoin around 2012. I didn't pay attention to it until a year later when airdata posted the Bitcoin remorse thread. Don't click if you don't want to see a bunch of people argue about the fact that a $70 Bitcoin is outrageous.
I am, not BTC, but in 'the mining circuit' with GPUs.Is anyone here actually mining? I have been researching a bit this morning just to get a better understanding of everything and was just curious if anyone is using anything to mine at home like that Antminer S9. If so, how is it going and how much maintenance do you have to do? Do you just set it and forget it or is there stuff you have to regularly check/do? I was reading that these can generate like .25btc a year (obviously depending on difficulty and variables) but at the rate now, that would seem worth it.
I've never bought a Bitcoin. I remember when I first read up on them and they were just below $50 and I was like "this is absurd, it's a waste of money and won't go anywhere"... Clearly I am not a good predictor of financial markets.
I highly doubt BTC itself will ever be used for buying a coffee, just like nobody would use fractions of an ounce of gold to buy a coffee today. That's why the Lightening protocol (which just completed its first successful test recently) was devised and will be used for.
http://www.newsbtc.com/2017/12/10/lightning-network-inches-closer-deployed-bitcoin-mainnet/
The key difference is that fractions of gold WERE used to buy things. It was replaced by the dollar which at one time WAS backed by gold. Now....if you said to me, BTC is going to replace the dollar, and backed by the dollar...then I might believe in BTC a bit more as a natural evolution of existing currency...but that isn't how it is envisioned. They are trying to hijack the process and cut the dollar out completely.
Who is "they"?
If it works well people will use it, if it doesn't they won't. Not a question of believing anything. The process will evolve on its own and be robust enough to survive, or it will disappear.
I'm kicking myself for not buying some litecoin last night when it was $150. I was on the fence at the time and didn't pull the trigger.
Two weeks ago, my friend told me it would be the next coin and it was $70 then. I didn't buy any. UGH!!!!!!!!!!!!!!!!!!!!!
For people like myself who have no clue wtf that means, can you elaborate in layman's terms?This is a biggie!
TD Ameritrade formally announced they are offering Future contracts starting Monday. https://www.cnbc.com/2017/12/15/td-ameritrade-to-open-trading-on-bitcoin-futures.html
With all these futures now available companies can fully hedge their positions which means safety for them to offer services. And investors can achieve a lower tax bracket than the capital gains tax. I can't imagine ETFs to be far off now.
WOW! Just... WOW!
For people like myself who have no clue wtf that means, can you elaborate in layman's terms?
That's because of the positive test result with the Lightening Network protocol I mentioned above. TLDR; It's a BTC-LTC interface. Have to say I was surprised the value took off so early also, imagine when it'll be fully deployed
Got in this weekend and picked up some Litecoin when it dipped down to $280. Wish I had picked up more and some bitcoin cash.
Bitcoin is graduating from Enthusiast to the professional markets and has gained the attention of all big brokerage and investment firms.
One of the main reasons why bitcoin value shot up the last couple months is the major firms around the world buying big time to have Bitcoin liquidity in order to do business (ie: Wall Street in the U.S.). Futures are very important for big companies so they can hedge their positions and be fully covered were Bitcoin to drop in value.
Bitcoin is entering the big leagues.
This is not good news IMO. BC is so unstable that it could be a threat to legitimate Market stability.
Logged into my coinbase account today and noticed that on 12/14 I had 1.76 bitcoin cash for a total of $3.139k from another bitcoin cash wallet. I don't have another BTH wallet and never purchased any. Need to do some more research. Don't know if I'm going senile or somehow someone transferred the money to me by accident.
Fairly shocked by this, whether pure malfeasance or possibly naevity (if they 'trusted' people with insider info to not act on it) i'm feeling a little bit like Coinbase might get thrashed as a result of this. Sucks too, are there any other exchanges that far on the up & up, like US location, fully insured, etc?An attack (by attack I mean multiple nuclear bomb size financial attack) by Bcash & Coinbase against BTC was started yesterday and is currently ongoing.
I would be very wary of dealing with Coinbase for the foreseeable future, if ever. Wouldn't be surprise if they come under investigation sooner rather than later over all this.
Edit: and even CNBC is involved, with some really bizarre and confrontational tweets:
http://bitcoinist.com/coinbase-insider-trading-bcash-launch/