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  17-Sep-17, 09:06   #81
  0 
LIKEIT27 
Joined: Jul '08
Location: Netherlands
Age: 39 (M)
Posts: 972
Posted by damosk:
I've got a bitcoin account with probably a couple of dollars worth (from about six months ago) in it, I really should go and take a look at how much they are worth to me today. I have also got to thinking how sites that use bitcoin as your deposit are actually making a load of money as your value of deposit decreases as the value of the bitcoin increases, but the sites value increases.



The value that scares me ,.... i dunno how stable it will be,..
There is one guy in i think england he was selling his house for bitcoins,..
He had faith in the bitcoin,.... i dunno i think he takes a big risk of selling his house this way.

     
  17-Sep-17, 19:17   #82
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13964
The drop wasnt in just one day Gerimanats.

It has recovered, because there is a big amount changing hands every day.
Many people, whole companies have invested on it.

Not to mention the dirty business taking place having it as main currency.
Not that this was not happening before, but i believe it is worst now with cryptocurrency.
On July they arrested here in greece, a 38 year old Russian wanted from USA,
cause he had laundered more than 4 billions USD in bitcoins Smile

     
  18-Sep-17, 16:46   #83
  0 
T3ddyKGB 

Joined: Oct '08
Location: Germany
Age: 45 (M)
Posts: 2023
Posted by LIKEIT27:
[QUOTE]Posted by damosk:

The value that scares me ,.... i dunno how stable it will be,..


looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time. Shock Big Smile
guess its up to your self to either believe it or see it as propaganda to bring your rivalry down. i have no clue tbh.

     
  18-Sep-17, 20:19   #84
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13964
I think it will overcome this for the moment.
It has been up to 4000 again. It had a bit drop but the recovery was fast too.
At least half way of the loss.
It will need more serious issues to drop it down than, what happened in the chinese market.
Thats my estimation at least Smile

     
  19-Sep-17, 04:27   #85
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 54 (M)
Posts: 6692
The chinese demand was one of the major forces behind the recent rise in bitcoin prices. If the government realy makes a crackdown on the bitcoin ecosystem in China, this will be noticed worldwide

     
  19-Sep-17, 07:40   #86
  0 
magatt966 

Joined: Jan '09
Location: Italy
Age: 49 (M)
Posts: 3850
Posted by T3ddyKGB:
looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time. Shock Big Smile



JP Morgan CEO Jeff Dimon said "...Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea..." and much more

Source https://www.theguardian.com/technology/2017/sep/13/bitc...


...causing the price drop ....just to take advantage of this drop and enter the cryptocurrency market at more convenient rates


source

https://www.reuters.com/article/us-jpmorgan-bitcoin/jpm...
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a...

Just linked some random articles


just do some google search about JP Morgan+Bitcoin and make your own opinion if it's more untrastable Bitcoin or the financial system that rules the world

     
  19-Sep-17, 11:36   #87
  -1 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 40 (M)
Posts: 4871
[QUOTE]Posted by T3ddyKGB:
looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time.

My opinion with that - we do not have to trust what the people say. Bitcoin makes a lot of competition with these JP Morgan bank or anothers banks. I saw when it was a crisis in 2008 how dangerous is these banks. Many people have lost their homes. I do not believe in the words of these bankers. This does not mean that bitcoin can not be a scam. Is possible but the banks are lying.

     
  19-Sep-17, 20:57   #88
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13964
What to believe now a days.
Lost of things going on with that "cryptocurrency" market.

A ton of new coins have emerged.
Some of the will prove to be a fraud, like the article in the second link that magatt posted say.

Not to mention how many scam sites are up using bitcoins.
I believe that the scam sites, have skyrocketed since the bitcoin came into our lives.....

     
  20-Sep-17, 04:27   #89
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 54 (M)
Posts: 6692
Believing is for those going to church. Blink
When serious money is involved one has to know, and as there is little info about those altcoins, espacially the newer releases, one can't know that much about them. So buying those has a lot of gamble in it.

     
  20-Sep-17, 20:59   #90
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13964
Reading more for the russian that was arrested here, Alexander Vinnik, they are saying he was the accountant, and that he was the hacker responsible for the bitcoin theft of about 650k bitcoins
on Mt.Gox

They are saying cryptocurrencies are secure and untraceable, but i really doubt this.
They were tracking all of his transactions, of all his wallets and addresses he had.

If you are a government like the one of USA and you have the right personnel and equipment
everything can be done. Not to mention all the gadgets and equipment they have,
for their disposal only, not available in public.
Who knows what they have discovered so far (technology) that is not yet known to the rest
of the world. And im not talking about the US only.

It is more complicated to trace the crypto currencies ... yes i agree here, but completely untraceable, i disagree.

     
  21-Sep-17, 04:34   #91
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 54 (M)
Posts: 6692
As all transaction are written down somewhere in the blockchain, transactions can't be untraceable in Bitcoin or other coins that use this system. And even if the computing power is not available now to actualy dig it out, it will be surely possible in the future.

     
  21-Sep-17, 21:09   #92
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13964
Computing power may not be available to the public.
All agencies with their supercomputers will have a problem with this?

And speaking for computing power. Intel is going to release next month probably,
the new processor with 18 cores Smile
How long it took to go from 1 to 18 Smile

     
  22-Sep-17, 04:47   #93
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 54 (M)
Posts: 6692
Have a mixed feeling about that 18 core processor. Some smart assed software companies license their products per core, and not per processor. So a 18 corer in a server can get very expensive very fast.

     
  17-Nov-17, 15:51   #94
  0 
magatt966 

Joined: Jan '09
Location: Italy
Age: 49 (M)
Posts: 3850
Posted by T3ddyKGB:

looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time. Shock Big Smile
guess its up to your self to either believe it or see it as propaganda to bring your rivalry down. i have no clue tbh.


Maybe this helps you in forming your proper opinion about the matter.



After Slamming Bitcoin As A Money Laundering Tool, JPMorgan Busted For Money Laundering

Source http://www.zerohedge.com/news/2017-11-16/after-slamming...

Blink Cool

Edited by magatt966 (17 November 2017 @ 15:58 GMT)


     
  17-Nov-17, 22:25   #95
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13964
What goes out, now and then differs too much from the reality when money is involved Smile
Besides that bitcoin is up to 7700 USD again. Almost reached 8000 yesterday at some point i was
watching it. It wouldnt be a surprise hitting 10k by the end of the year like some
have predicted.
Lucky magatt Smile

     
  18-Nov-17, 01:34   #96
  0 
T3ddyKGB 

Joined: Oct '08
Location: Germany
Age: 45 (M)
Posts: 2023
Posted by magatt966:
Posted by T3ddyKGB:

looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time. Shock Big Smile
guess its up to your self to either believe it or see it as propaganda to bring your rivalry down. i have no clue tbh.


Maybe this helps you in forming your proper opinion about the matter.



After Slamming Bitcoin As A Money Laundering Tool, JPMorgan Busted For Money Laundering

Source http://www.zerohedge.com/news/2017-11-16/after-slamming...

Blink Cool


i didnt follow this case.. so thanks for the link magatt! always interesting.
i guess we all know they all criminals. Smile no matter if you look back in the history or documentarys about the recent financial crisis.

mober said "lucky magatt". you invested in bitcoin ? if so.. how about some pizza for everyone? hehe



     
  18-Nov-17, 02:24   #97
  0 
Ingrind33 

Joined: Sep '15
Location: Netherlands
Age: 37 (F)
Posts: 939
what do I know about butcoin? Who's idea behind the operation of bitcoin, well that is Satoshi Nakamoto. Bitcoins can be stored on a personal computer in the form of a wallet file or managed by a third party such as blockchain, a wallet service. In both cases, the money can be sent to another person over the internet by anyone with a bitcoin address. I have none.

     
  18-Nov-17, 09:23   #98
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 54 (M)
Posts: 6692
But it is easy to create a bitcoin address. Doable with every bitcoin wallet. And some of those are quite small, and do not need to download the whole blockchain to work. So this is not a problem.

     
  18-Nov-17, 22:38   #99
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13964
Yea the actual problem was to be in it the right time.
Now it is too high either way. A bit riskier to invest, but there are still people going in.
Things has change so much lately with bitcoin, that many fx trading platforms,
have included it in their pairs.

     
  22-Nov-17, 11:23   #100
  -1 
magatt966 

Joined: Jan '09
Location: Italy
Age: 49 (M)
Posts: 3850
Posted by T3ddyKGB:
.. how about some pizza for everyone? hehe



No problem bud: lets visit Italy and I will be happy to prepare a pizza from the scratch just for you .. all mobsters are invited of course...so you will tastre real italian handmade pizza Pizza Beer Cool


By the way: read this interesting TRUE ( and I repeat TRUE: blockchain is public and that transaction can still be seen) story about the pair Bitcoin-Pizza...keep in mind that today a Bitcoin is worth more than $8K


https://www.investopedia.com/news/bitcoin-pizza-day-cel...

     
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