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Q: 'And I said to myself, ‘'This is the business we have chosen.'” –Hyman Roth

The explosive rise of Bitcoin (BTC) has taken the investing world by storm, and for good reason. Over the past six months alone BTC has quadrupled in value. Since 2012, it has risen over 200,000%. To put that into context, had one invested 10k in 2012 they would be worth over $20 million today. The graph below shows the meteoric rise.

 

 

 

6 days 23 hours ago in  Arts & Entertainment - China

 
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Do you use it icniff?

icnif77:

The business? Traders never brag ....

Bitcoin (BTC) is 'HODL'  (paraphrase of market trader's term 'Hold').

 

I follow it closely and I often get 'Did you buy any ....?', once person see real time cryptos graphs on me puter. Last time one lady added '... and when?' to the first part of the Q.

I understood that Q no different than: 'Can I look into your wallet?'

 

Bitcoin ownership is anonymous, Bit owners don't pay capital income tax .... he he.

 

Now, if I answer to every Q about 'do you have any?' with confirmation, what will happened to my anon Bitcoin cover?

 

So, my A is usually 'No comment!' 

6 days 10 hours ago
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Do you use it icniff?

icnif77:

The business? Traders never brag ....

Bitcoin (BTC) is 'HODL'  (paraphrase of market trader's term 'Hold').

 

I follow it closely and I often get 'Did you buy any ....?', once person see real time cryptos graphs on me puter. Last time one lady added '... and when?' to the first part of the Q.

I understood that Q no different than: 'Can I look into your wallet?'

 

Bitcoin ownership is anonymous, Bit owners don't pay capital income tax .... he he.

 

Now, if I answer to every Q about 'do you have any?' with confirmation, what will happened to my anon Bitcoin cover?

 

So, my A is usually 'No comment!' 

6 days 10 hours ago
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Its just been announced EU and UK are to crack down.

icnif77:

BTC dipped suddenly US$ 1000 (some 10%) last night and nobody knew what is the cause for it. Then the 'news' about Brits cryptos crack down came out.

However, 24h later mastard (BTC) is back to pre-UK-news levels ... US$ 11400 or so.

'add-it': Some 30-50% pullback from present levels is in order and everybody is waiting for ...

 

Gov. is in unlikely position because Blockchain is decentralised system and number of all available Bitcoins is based on algorithm (nodes of P-2-P network). 21 million coins and that's it!

 

https://en.bitcoin.it/wiki/Controlled_supply

 

Big problem for Gov. : no taxes and no control over Bitcoin's supply similar to fiat (printing to the death) and Precious metals market (paper contracts without real delivery).

 

Some read on 'Blockchain':

https://en.wikipedia.org/wiki/Blockchain 

6 days 7 hours ago
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icnif77:

This was the real news, not cryptos crack-down ...... look at the waiter is carrying (UK's) turkey on the tray .... traders are bad ....

 

 

"No-One Knows What’s Going On Now": Britain, EU Fail To Reach Brexit Deal

There was a burst of hope this morning that after many repeated false starts, Theresa May and JC Juncker would finally announce a Brexit deal on Monday. Alas it was not meant to be and after a brief conference between the two leaders, we learned that despite progress, a Brexit deal "was not possible today."

6 days 6 hours ago
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Not a trading advice (Buy/Sell/Hold), just read ....:

 

http://www.zerohedge.com/news/2017-12-04/its-not-really-about-bitcoin-pr...

 

Bitcoin will continue to prosper as fiat currencies decline

Considering that Bitcoin remains as the only viable alternative to fiat currencies, the decline of government-issued money will continue to lead more investors and general consumers into the Bitcoin market.

As such, Byrne noted that Bitcoin price could reach $1 mln in the long-term if Bitcoin begins to take over reserve currencies and challenge the gold market.

  

“We have all these currencies since Bretton Woods, fluctuating against each other, and maybe the dollar hasn’t gone to zero against these currencies but all of them have gone down 95 percent ... versus something that they can’t control like … gold and Bitcoin. So Bitcoin may be on its way to a million for all we know,” adds Byrne.

 

icnif77:

Bitcoin Blasts Above $12,000, Soars To New All Time High

Bitcoin has brushed off the weekend selloff and on Wednesday morning (Asian time) exploded higher following a renewed burst of buying out of the usual Asian suspect exchanges - and Bitfinex - surging above $12,000 for the first time ever, and trading at a new all time high of $12,200 at publication time.

 

4 days 17 hours ago
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6 days 4 hours ago
 
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Stupid question icniff.

Say I bought a laptop online, top spec, and I paid $2000 for it with bitcoin.

I wake up next day. The laptop has a resale value of $1500, but the bitcoins I paid to buy it are now worth $2500. How can that be a viable currency?

I might as well pay with Fabergie eggs.

icnif77:

That's happening with fiat (in 'down' direction mostly, i.e. inflation) you just aren't aware of it. 

 

The thing you described with laptop is 'point (day) of sale'. You missed the bus (boat) or you were in the store just as the 'Sale' sign came out.

That doesn't have anything to do with 'viable currency'. You could buy your laptop with bottles full of goat milk if seller is keen on goats ....

Bitcoin as medium of exchange works if producers and customers are willing to accept it and use it. Have a look at the current price (graph above) and you will see .... the rabbit is out of the bush.

Blockchain is the new decentralised web technology, which will be implemented around all industries .... similar to times when train replaced horse drawn carriage ... LOL

Yahoo-gle: 'Satoshi Nakamoto'

Price of the item you purchased gets deducted of the value/price of the Bitcoin at the time of the exchange/transfer, i.e. you don't pay 1 Bitcoin for the single espresso, but you get deduction of fraction of the Bitcoin according to the price of espresso and value of Bitcoin at the time of the purchase/transfer (+ EX fee).

If price of espresso is 2 GBP and BTC value is at 9429 GBP (US$12595), you will have 0.00021 (+ EX fee) deducted out of 1 BTC you are holding, so remaining balance on your account will be 0.99979 BTC (- EX fee).

5 days 9 hours ago
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ScotsAlan:

Whats the point of currency if I cant spend it? If I was paid in bitcoin, I would have no choice but to exchange or spend. But I would keep as much as I could.

5 days 9 hours ago
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icnif77:

 

https://coinatmradar.com/country/225/bitcoin-atm-united-kingdom/

 

You can't spend it? Everybody wants it especially after this meteoric rise....This is the world's Bitcoin (cryptos) ATM listing, if you change the tab ....

5 days 9 hours ago
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icnif77:

Another thing ... how many sellers would decline your offer to pay in bitcoin today?

I mean, not at grocery shopping, but some bigger items as 'used computer', car, piece of RE and similar.

 

And even if somebody wouldn't accept your Bitcoin, you can easily change it to (any) fiat to complete the purchase.

5 days 9 hours ago
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ScotsAlan:

Why would I change it to fiat when fiat is flat. Bitcoin is a hankering over gold standard.

5 days 8 hours ago
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icnif77:

If somebody won't accept Bitcoin, you can change it to fiat and complete the purchase!

PM bullion is OK, but Bitcoin is better, 'cause with bullion you cannot freely move across the borders .... for the difference of Bitcoin. You also don't have to think about 'storage' with Bitcoin, which can be big PIA with bullion.

'add-it': Why would you change it (exit)? Because price can go down the drain ... and you don't want to be caught holding the bag as the traders see every investment.

Traders rule: ''Sell' signal is/will be triggered once price is 8% below your entry point!".

This rule is also called 'live another day' or in other words 'have funds for another trade'.

However, BTC (and few other cryptos ETH, IOTA ....) are 'Hold', buTT of course, I could be wrong, so one must always know where and how to 'exit'. And not listen to me, he he he.

5 days 6 hours ago
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icnif77:

Comment:

 

What Bitcoin is?

  • - Exit from fiat!

What Bitcoin is not?

  • - Heavy as shit and fucking obvious everywhere you go, like Gold! 


 

4 days 13 hours ago
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icnif77:

 

Bitcoin Tops $13,000 - Bigger Than Citigroup

For the first time in history, the price of Bitcoin has surpassed $13,000 (rising from $12,000 in less than a day). This pushes Bitcoin's market cap to around $220 billion (above that of Citigroup) as the market cap of the entire cryptocurrency space is now bigger than JPMorgan.

For those keeping track, this is how long it has taken the cryptocurrency to cross the key psychological levels:

$0000 - $1000: 1789 days

$1000- $2000: 1271 days

$2000- $3000: 23 days

$3000- $4000: 62 days

$4000- $5000: 61 days

$5000- $6000: 8 days

$6000- $7000: 13 days

$7000- $8000: 14 days

$8000- $9000: 9 days

$9000-$10000: 2 days

$10000-$11000: 1 day

$11000-$12000: 6 days

$12,000-$13,000: <1 day

$13,000-$14,000: 4 hours

$14,000-$15,000: 10 hours

$15000-$16000: 5 hours

$16000-$17000: 2 hours

$17000-$18000: 10 minutes

$18000-$19000: 3 minutes

4 days 3 hours ago
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icnif77:

BTC at US$ 14,360 (+17% in 4-5h) this AM. 

 

Press call it: ... 'Serious Pathological Phenomena' ...

3 days 19 hours ago
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icnif77:

What is 'consensus hallucination'? LOLOL

Bitcoin Blasts Through $15,000 - "It's A Consensus Hallucination"

"unprecedented..."

 

In the last 36 hours, Bitcoin has blasted through $12,000, $13,000, $14,000, and now $15,000 levels in an unprecedented 28% surge...

3 days 13 hours ago
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Another crypto to pay attention to: IOTA

Will I get more 'up' votes, if I mention 'I told  you so'? LOLOLOLOL 

 

IOTA:

 

alt coin IOTA 4Weekly chart technical analysis

 

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Survey:

Ron Paul ✔@RonPaul 

A wealthy person wants to gift you $10,000. You get to choose in which form you'll take the gift. But there's a catch: You must keep the gift in the form that you choose, and you can't touch it for 10 years.

In which form would you take the gift?

11:38 PM - Dec 5, 2017 2%Federal Reserve Notes36%Gold54%Bitcoin8%

2% ...... Federal Reserve Notes

36% ...... Gold

54% ...... Bitcoin

8% ...... 10 Year US Treasury Bond

icnif77:

Gov. is after the Bitcoin. Bitcoin will soon be accepted for paying tax-(no-return) .....

 

World's Largest Online Seller Of Gold Is Now Accepting Bitcoin

"For more than 15 years, APMEX has been an industry leader and along the way has adapted to the growing needs of our customer base. As bitcoin becomes more popular and widely accepted as payment, we are thrilled to welcome the use of this cryptocurrency for buying Gold, Silver and other Precious Metals."

2 days 15 hours ago
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icnif77:

WHOOW-zaa, we get 'Dancer-of-the-Day'  .....

Why they don't have 'Copy&Paste-of-the-Day' at eTities?

  ... I could be Vice-president ....

 

Can I get my Bitcoins ....  , I mean 'Can I get my rainy-coasts valued in Tit-coins?' 

2 days 11 hours ago
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ZeroHedge:

 

"And finally, for those calling this a "bubble" - we would humbly suggest you ain't seen nothing yet ...."

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http://www.dailymail.co.uk/news/article-5161765/Bitcoin-mining-causing-e...

Ha ha ha ha... You cant make this shit up.... Oh wait.. someone did.

For those that cant open the link, the Daily Fail has an expert that says bit coin mining will use more electricity by 2020 than we will have in 2020.

Bitcoin transactions are apparently driving man made climate change, which of course the daily mail says is a Chinese con. Each bitcoin transaction uses enough energy to power 5 houses for a week. Or something like that.

The bitcoin mines in China are well known about. That at least is an interesting part of the article. But saying they are in the polluted north prays on people having a subconscious memory of Maos 5th front. The bitcoin mines create the smog to hide the 5th front?

Sorry... it seems I have been infected by Icniffoculustituluscranium.

A very rare condition, where reading the words of icniff result in voices heard in the head.

I binged it. The doc has prescribed me beer

icnif77:

I went straight to Femail .... No, it's true. Some people (in China and Russia) are making money by running Bit-processing shops. The electricity bill is huge, but Bitcoin is the reward and apparently it's (Bitcoin mining) profitable. Even the shops which sell tech. for Bitcoin mining are making tons of dough (HK, Russia).

Think, Siberia with cold temp. (less electricity for processors cool-down ) and Heilongjiang, Jilin, Liaoning for the same reason .... In countries in S. America (Venezuela, Ecuador), people are making money with Bitcoin mining, because there's nothing else to do because of US sanctions. N. Koreans, too!

 

All press is full of Bitcoin's articles, because after this run cryptos are very hot .... but, whole matter to buy it, have it and trade it, is not that simple. I am following cryptos for several years ....!

My words? Where? My c&p worked in this thread innocuously .... That's why I c&p or in other words 'It wasn't me!', he he he.

Shag-man: ' ...Given her an extra key (to my cryptos, he he)

All this time she was standing there

She never took her eyes off me ....

How you can grant the woman access to your villa .... (It wasn't me!)'

1 day 9 hours ago
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ScotsAlan:

Carbon footprint icniffchucknorris. If the money is being spent on coal and all that. Why not mount bitcoin mines on offshore windmills...

1 day 9 hours ago
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icnif77:

While 'Bitcoin mines' aren't really mines. That is just wording ... Have a read:

 

https://www.bitcoinmining.com

 

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

bitcoin is secure

Bitcoin is Secure

Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure.

 

Bitcoin 'mine/mining' is solving math problems through powerful processors in one's home.

Similar to weed's indoor farm. Need a lot of electricity, because flower grows faster if there is constant ventilation ... i.e. O2+CO2. I am telling 'secrets' now .... LOLOL

1 day 8 hours ago
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icnif77:

The most dangerous  psych thing isn't hearing voices (of me) ... most of the hearers these days hear God ....

You have been -how's that for proper Past Participle?- .... lucky ....

However, the most dangerous is when you will start ....  answering to (I repeat: 'Not mine!') the voices.

  One MD told me that .... No, I made it up! 

 

You are all greedy, MFs! That's what you are 'hearing' .... butT.... it's only money. What is the matter with you?

I might be different! I don't bend for anything and especially not for the money!

.... and I like it, 'cause that makes all rich people look like shite ... I got that from Hesse's Siddhartha .... LOL

1 day 6 hours ago
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icnif77:

https://powercompare.co.uk/bitcoin/

 

Bitcoin Mining Now Consuming More Electricity Than 159 Countries Including Ireland & Most Countries In Africa

1 day 2 hours ago
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icnif77:

Auckland Man Sells House To Build Bitcoin Mining Rig

 

Bitcoin's going up faster than the Auckland housing market!

 

10 hours 51 min ago
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Jiggly story .... Bg cops in cooperation with Interpol sized some 200 000 BTC, which are worth today 18% of National debt ..... Eat yourself out surprise Greeks ....:

 

Bulgaria Government Shocked To Discover It Owns $3 Billion In Bitcoin

Bulgaria is holding 18% of the national debt in bitcoins... 

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