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License to print money... BitCoin?
| November 28th, 2017 at 2:08:25 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18209 |
Keep seeing it try to break thru but nothing yet. Maybe when Asia wakes up. The President is a fink. |
| November 28th, 2017 at 5:23:35 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | "A new study claimed this week that close to four million bitcoins have been lost by their owners, which would decrease the existing supply (16.7 million) by almost a quarter and thus raise the scarcity/deflation of BTC. I seriously suspect that some of the people pumping up Bitcoin over the past week wanted to win personal bets that it would reach $10,000 by the end of the year." http://fortune.com/2017/11/25/lost-bitcoins/ If you take a risk, you may lose. If you never take a risk, you will always lose. |
| November 28th, 2017 at 7:49:53 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
Well 1 of those 4 million bitcoins are the original ones. Presumably they are held by Satoshi (the Bitcoin creator). If he starts to try and collect his $10 billion then he will be the greatest FONSI artist of all time. On 18 August 2008, the domain name bitcoin.org was registered. On 22 May 2010, Laszlo Hanyecz made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC. In two months those 10,000BTC would be worth $800. Today they would be worth $100 million. BTC broke $10,000 early morning of 29 November 2017 and $11,000 a few hours later. I wonder if Wiz will tell us how many predictions are above $10K in his game. Of course there should be a roll back soon. |
| December 23rd, 2017 at 12:35:33 AM permalink | |
| petroglyph Member since: Aug 3, 2014 Threads: 25 Posts: 6227 | SNB has to bailout company that makes the paper for Swiss money. http://www.zerohedge.com/news/2017-12-21/unprecedented-intervention-swiss-central-bank-bails-out-firm-prints-swiss-banknotes The last official act of any government is to loot the treasury. GW |
| December 31st, 2017 at 8:17:46 AM permalink | |
| SOOPOO Member since: Feb 19, 2014 Threads: 22 Posts: 4174 | My son, 25 year old computer programmer who makes a good income, has low expenses, (and no debt thanks to dad), told me he bought 1/2 a bitcoin at 10,000, so he has $5,000 invested. I asked him if he plans on selling half when it reaches 20,000, to keep a quarter bitcoin as a 'free ride', and his answer was a well thought out no. He says in around 4 years the difficulty in mining a new bitcoin will increase substantially, and there are a defined maximum number of bitcoins available for mining. He expects the price to reach $100,000 shortly after the mining difficulty increase. He is also aware that his $5,000 has a non zero chance of becoming $0. |
| December 31st, 2017 at 8:53:16 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | There is no upper limit on the number of $100 bills in circulation. The print orders (about half of which will be used to replace old notes) are 1.5168 billion for FY2017 (quantity of notes, not dollar value) 1.6704 billion for FY2018 Year $100 banknotes billions in circulation (1996 big headed $100 banknote) 2016 11.5 2015 10.8 2014 10.1 2013 9.2 2012 8.6 2011 7.8 2010 7.0 2009 6.6 2008 6.3 2007 5.7 2006 5.6 2005 5.4 2004 5.2 2003 4.9 2002 4.6 2001 4.2 2000 3.8 1999 3.9 1998 3.2 1997 2.9 1996 2.6
I don't think that the predetermined maximum number of bitcoins has any bearing on anything. It's not like there are so many paintings of by Leonardo da Vinci. Bitcoins can be subdivided into 10^8 sections.
I sincerely doubt that value will go back to zero. |
| January 22nd, 2018 at 11:25:04 AM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | "Ripple price LIVE: XRP loses $6.5BILLION today as Ripple, bitcoin and Ethereum plunge RIPPLE is plummeting in value today, its price dropping by more than $6.5billion since 5am this morning." I know a guy online who switched his business to cryptocurrency last month. You can find him trying to hang himself in his garage.. If you take a risk, you may lose. If you never take a risk, you will always lose. |
| March 30th, 2018 at 1:20:34 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Now there is Bit Coin Mining - Lite. You still mine bitcoins on some server but it don't cost no arm and leg to do it. |
| April 30th, 2018 at 3:38:17 AM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Norway's first Private City (police, fire, garbage, electricity all privately owned) has accepted over twenty-seven different types of Big Coin currencies. |
| April 30th, 2018 at 5:14:43 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
What is a private City? In Norwegian Liberstad accept the following Crypto-currencies as donations BITCOIN LITECOIN DASH ETHEREUM ETHEREUM CLASSIC RIPPLE DOGECOIN BITCOIN CASH BITCOIN GOLD PIVX MONERO VERGE BITCONNECT NAMECOIN ZCASH NEM BITCOINPLUS PEERCOIN ZENCASH FEATHERCOIN BITCOINDARK DIGIBYTE STRATIS POTCOIN DENARIUS MONACOIN BLACKCOIN VERTCOIN PINKCOIN NOVACOIN SIACOIN STELLAR BYTECOIN IOTA EOS FLORINCOIN OMNI ============================================ This Norwegian free city seems more aimed at Scandinavian residents. Electronic Residency in Estonia is aimed more at Russians and Americans who want to bank and do other things in the European Union. https://en.wikipedia.org/wiki/E-Residency_of_Estonia https://e-resident.gov.ee/
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