PODCAST: The Bull Case For Bitcoin Followthemoney.com

What is your Bitcoin Maturity Score?

How many of the 25 steps in the bitcoin rabbit hole have you mastered? Be honest. Count how many and divide your score by 2.5.
Your Score: <5: learner / weak hands 5-7: hodler 8-9: mature 10: orange pilled
Post your result below.
The Bitcoin Journey: 1. That (log) price chart! 🧐 2. Digital scarce? 🤔 3. Satochi 4. Blockchain 5. Alts 6. Mining, halvings, diff adjustment 7. How do I get it? 8. Wallets, keys, seeds, exchanges 9. Crypto Twitter 10. Fees, hashrate, mempool, txs 11. Money, inflation, central banks 12. Stocks, S&P500, 13. Charts, TA, RSI, MA’s, triangles, patterns 🤓 14. Keynes, Austrian economics 15. Bull/bear market, trading, win/lose 16. Network effects & adoption 17. Gold, Silver, real estate 18. Full node, electrum pvt server 19. Evangelize / orange pilled 💊 20. All-in / auto-dca 21. Immaculate conception 22. NGU, game theory 23. Cosmic renaissance 24. Opsec, multisig 25. Maximalism
Let me know your score & what’s missing from your journey. Also accepting suggestions for better results categories/ descriptions.
submitted by mbrookson to Bitcoin [link] [comments]

EWMCI Periodic Update 2020-08-17 [Full Version]

Dear EWMCI Community,
A lot has happened since our last Periodic Update! Most importantly, it seems that cryptocurrency markets have been in a bull run for the past three months... resulting in repeated 52-time-highs across all our indices! There are also some important updates about the EWMCI Ecosystem (see end of this message). But let's start with an overview of our four indices!
EWX-11 Index: Running for 13 weeks now, this index represents the EWMCI "Core-11" cryptocurrencies. Since its inception, the index has appreciated approximately 65% - an impressive short-term record. Looking at the chart, the overall momentum seems to be slowing at this time, indicating that a short-term correction may be in the cards.
Bronze Index: The small cap index has been making repeated 52-week highs since mid-May, 2020. In fact, it is up >220% since early March, 2020 and >380% since August, 2019! In terms of current price movement trends, the momentum seems to be drying up a bit, indicating that a near-term correction may be upon us. If that occurs, there is fairly strong support right around $115-$120, but hopefully the correction will end before reaching those levels.
Silver Index: The mid caps have been rallying since early March, 2020. In addition to being , we are >210% up since March, 2020. Having said that, the question of short-term sustainability arises. Given the current chart behavior, it seems that there was a failed "island reversal" in late July / early August, and now we may be in a somewhat uncharted territory. This means that prices will either revert toward consecutive support levels ($20-$22 and $18, respectively) or we will continue upward from here. The next 2-3 weeks will show!
Gold Index: Our large cap index has seen a major bull run in the past 7 weeks. There are two potential origins of this important move: [a] The ongoing increase in Bitcoin price; and [b] Investors transitioning from low-yielding bonds and stocks to higher-yielding staking coins. Given the magnitude of the recent upswing, the question of near-term sustainability arises. It is very likely that we will see some degree of downward pressure, but there is one big positive - There is now a fairly well defined support level right around $28-$29, going all the way back to mid-February, 2020.
Other Developments: NLexch.com has now officially closed its doors. We would like to thank NLexch for their long-term support and professionalism, and we look to the potential DEX concept proposed by the NLexch leadership. Significant portion of NLexch activities, especially those involving EWX-11 coins, has now transitioned to both Zapple.com and Fides-ex.com. Please continue to support these EWMCI exchange partners.
We are pleased to announce that xPloreNow.com is now up and running! Powered by Terracoin, xPloreNow.com is a truly independent, high-quality, reliable platform that provides comprehensive price discovery services for EWMCI "Core-11" coins (and increasingly for other cryptocurrency projects).
Finally, the September EWMCI Index Rebalancing is upon us! Please do not forget to cast your votes for candidate coins... use the following link: https://linkto.run/p/GUDJIRLX
Till next update!
Cheers,
S / EWMCI.info
Always remember - Your wallet, your keys, your control, your coins!
submitted by z-forum-guy to EWMCI [link] [comments]

[WTS] 90 oz of various 10 Silver Bars

Looking to sell these 9 bars. Willing to trade for 1/10 AGE or 10 gram gold "bars" if anyone is interested in going that direction. Otherwise cash and bitcoin are king.
Proof: https://imgur.com/gallery/FO5K7IN
40 oz or more = FREE SHIPPING
Silver 10 oz Bars...
Shipping for 1 bar is $3 padded envelope. Anything over 1 bar is $8 SFRB or $14 MFRB depending. 40 oz or more = FREE SHIPPING. Package will go out within one business day. Tracking included. Released of all liability once the package is SCANNED in by USPS.
Payment via Venmo, Google Wallet or Bitcoin.
submitted by nickrac to Pmsforsale [link] [comments]

Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!

That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ???
Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth.
Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ...
.
Bitcoin Achievements so far:
  1. It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
  2. Many 1,000's of hacks, thefts, losses.
  3. Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
  4. Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
  5. Contributing significantly to Global Warming.
  6. Wastes vasts amounts of electricity on useless, do nothing work.
  7. Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
  8. It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
  9. It created a new way for people living too far from Vegas to gamble all their life savings away.
  10. Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
  11. Increased China's foreign trade balance by a couple billion dollars per year.
  12. Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
  13. Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
  14. Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
  15. Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
  16. Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
.
Correct Predictions:
  1. 2015-12: "1,000 dollar in 2015", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ (Technically, this prediction is WRONG because the highest price reached in 2015 was $495.56 according to CMC. Yes, Bitcoin reached $1,000 in 2013 and 2014, but that's NOT what the prediction says).
  2. 2017-12: "10,000 in 2017", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  3. 2018-04: $10,000 (by April 2018), Mike Novogratz, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000
  4. 2018-12: $10,000 (by 2018), Tim Draper, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.youtube.com/watch?v=3AW5s6QkRRY
  5. Any others ? (Please tell me).
.
Bitcoin Promises / Claims / Price Predictions that turned out to be lies and bullshit:
  1. ANONYMOUS
  2. CENSORSHIP RESISTANT
  3. FRICTIONLESS
  4. TRUSTLESS
  5. UNCENSORABLE
  6. UNTRACEABLE
  7. SAFE
  8. SECURE
  9. YOU CANNOT LOSE
  10. NOT A SCAM
  11. PERMISSIONLESS
  12. GUARANTEED PRIVACY
  13. CANNOT BE SEIZED
  14. CANNOT BE CONFISCATED
  15. Be your own bank
  16. Regulation-proof
  17. NO MIDDLEMEN
  18. DECENTRALIZED
  19. Instantaneous transactions
  20. Fast transactions
  21. Zero / No transaction fees
  22. Low transaction fees
  23. A store of value
  24. A deflationary digital asset
  25. "A deflationary digital asset that no single human being can destroy."
  26. "an asset that is equally as dual use as a car, water, or any other traditional element that has existed."
  27. "Digital gold"
  28. Easy to use
  29. Cannot be stolen
  30. Cannot be hacked
  31. Can be mined by anyone
  32. Can be mined by anyone, even with an old computer or laptop
  33. Cannot be centralized
  34. Will return power back to the people.
  35. Not a Ponzi scam
  36. Not a Pyramid scam
  37. Never pay tax again
  38. Your gains cannot be taxed
  39. A currency
  40. An amazing new class of asset
  41. An asset
  42. A means to economic freedom
  43. A store of value
  44. The best investment the word has ever seen
  45. A great investment
  46. Efficient
  47. Scalable
  48. Stable
  49. Resilient
  50. Reliable
  51. Low energy
  52. Low risk
  53. Redistribute wealth to everybody
  54. No more have's and have not's
  55. No more US and THEM
  56. No more disadvantaged people
  57. No more RICH and POOR
  58. No more poor people
  59. Uses amazing new technology
  60. Uses ingenious new technology
  61. Satishi Nakamoto invented ...
  62. Segwit will solve all of Bitcoin's woes
  63. Lightning Network will solve all of Bitcoin's woes
  64. Limited by scarcity
  65. Can only go up in value
  66. Price cannot crash
  67. Has intrinsic value
  68. Value will always be worth more than cost to mine
  69. Adoption by investors is increasing exponentially
  70. Adoption by investors is increasing
  71. Adoption by merchants is increasing exponentially
  72. Adoption by merchants is increasing
  73. You are secure if you keep your coins on an exchange
  74. You are secure if you keep your coins in a hardware wallet
  75. You are secure if you keep your coins in an air-gapped Linux PC
  76. Will change the world
  77. "the next phase in human evolution"
  78. "Blockchain is more encompassing than the internet"
  79. Blockchain can solve previously unsolvable problems.
  80. "The only regulation we need is the blockchain"
  81. "Bank the unbanked"
  82. "To abolish financial slavery and the state's toxic monopoly on money."
  83. "To have better tools in the fight against the state violence and taxation."
  84. "To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
  85. Will destroy / overthrow FIAT
  86. Will destroy / overthrow the world's governments
  87. Will destroy / overthrow the banking system
  88. Will destroy / overthrow the world economies
  89. Will free people from tyranny
  90. Will give people financial freedom
  91. Will bring world peace
  92. Never going below $19K again
  93. Never going below $18K again
  94. Never going below $17K again
  95. Never going below $16K again
  96. Never going below $15K again
  97. Never going below $14K again
  98. Never going below $13K again
  99. Never going below $12K again
  100. Never going below $11K again
  101. Never going below $10K again
  102. Never going below $9K again
  103. Never going below $8K again
  104. Never going below $7K again
  105. Never going below $6K again
  106. Never going below $5K again
  107. Never going below $4K again
  108. Is NOT a Scam
  109. Hashing Power secures the Bitcoin network
  110. Untraceable, private transactions
  111. Guaranteed privacy
  112. Not created out of thin air
  113. Not created out of thin air by unregulated, unbacked entities
  114. Totally NOT a scam
  115. Is not used primarily by crimonals, drug dealers, or money launderers.
  116. 100% secure
  117. 2010 will be the "Year of Crypto"
  118. 2011 will be the "Year of Crypto"
  119. 2012 will be the "Year of Crypto"
  120. 2013 will be the "Year of Crypto"
  121. 2014 will be the "Year of Crypto"
  122. 2015 will be the "Year of Crypto"
  123. 2016 will be the "Year of Crypto"
  124. 2017 will be the "Year of Crypto"
  125. 2018 will be the "Year of Crypto"
  126. 2019 will be the "Year of Crypto"
  127. 2010: MASS ADOPTION any day now"
  128. 2011: MASS ADOPTION aany day now"
  129. 2012: MASS ADOPTION aaany day now"
  130. 2013: MASS ADOPTION aaaany day now"
  131. 2014: MASS ADOPTION aaaaany day now"
  132. 2015: MASS ADOPTION aaaaaany day now"
  133. 2016: MASS ADOPTION aaaaaaany day now"
  134. 2017: MASS ADOPTION aaaaaaaany day now"
  135. 2018: MASS ADOPTION aaaaaaaaany day now"
  136. 2019: MASS ADOPTION aaaaaaaaany day now"
  137. "Financial Freedom, bro."
  138. no single entity, government or individual, can alter or reverse its transactions
  139. insurance against the tyranny of state
  140. Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
  141. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
  142. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
  143. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
  144. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
  145. 1,000's of predictions of skyrocketing and/or never falling prices
  146. Escape the petty rivalries of warring powers and nation states by scattering control among the many. The Bitcoin Cash debacle proves that even the most cryptographically secure plans of mice and men often go awry. Ref: https://www.reddit.com/Buttcoin/comments/9zfhb6/like_theres_only_one_flaw_with_buttcoin_crash/ea8s11m
  147. People will NEVER be able to welch out of bets or deals again. Nov-2018, Ref: https://www.reddit.com/Buttcoin/comments/9zvpl2/the_guy_who_made_the_1000_bet_that_btc_wouldnt/
  148. "Everything will be better, faster, and cheaper.", Brock Pierce, EOS.io shill video.
  149. "Everything will be more connected.", Brock Pierce, EOS.io shill video.
  150. "Everything will be more trustworthy.", Brock Pierce, EOS.io shill video.
  151. "Everything will be more secure.", Brock Pierce, EOS.io shill video.
  152. "Everything that exists is no-longer going to exist in the way that it does today.", Brock Pierce, EOS.io shill video.
  153. "Everything in this world is about to get better.", Brock Pierce, EOS.io shill video.
  154. You are a slave to the bankers
  155. The bankers print money and then you pay for it
  156. Bitcoin is The Peoples Money
  157. Bitcoin will set you free
  158. Bitcoin will set you free from the slavery of the banks and the government Ref: https://www.reddit.com/Bitcoin/comments/cd2q94/bitcoin_shall_set_you_free/
  159. ~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  160. "When transactions are verified on a Blockchain, banks become obsolete.", Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  161. SnapshillBot quotes from delusional morons:
  162. "A bitcoin miner in every device and in every hand."
  163. "All the indicators are pointing to a huge year and bigger than anything we have seen before."
  164. "Bitcoin is communism and democracy working hand in hand."
  165. "Bitcoin is freedom, and we will soon be free."
  166. "Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
  167. "Bitcoin most disruptive technology of last 500 years"
  168. "Bitcoin: So easy, your grandma can use it!"
  169. "Creating a 4th Branch of Government - Bitcoin"
  170. "Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
  171. "Future us will thank us."
  172. "Give Bitcoin two years"
  173. "HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
  174. "Cut out the middleman"
  175. "full control of your own assets"
  176. "reduction in wealth gap"
  177. "no inflation"
  178. "cannot print money out of thin air"
  179. "Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
  180. "If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
  181. "Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
  182. "NO COINERS will believe anything they are fed by fake news and paid media."
  183. "I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
  184. "I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
  185. "I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
  186. "I think Bitcoin will do for mankind what the sun did for life on earth."
  187. "I think the constant scams and illegal activities only show the viability of bitcoin."
  188. "I think we're sitting on the verge of exponential interest in the currency."
  189. "I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
  190. "If Jesus ever comes back you know he's gonna be using Bitcoin"
  191. "If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
  192. "If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
  193. "In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
  194. "In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
  195. "Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
  196. "It won't be long until bitcoin is an everyday household term."
  197. "It's the USD that is volatile. Bitcoin is the real neutral currency."
  198. "Just like the early Internet!"
  199. "Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
  200. "Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
  201. "let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
  202. "My conclusion is that I see this a a very good thing for bitcoin and for users"
  203. "No one would do such a thing; it'd be against their self interests."
  204. "Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
  205. "Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
  206. "Seperation of money and state -> states become obsolete -> world peace."
  207. "Some striking similarities between Bitcoin and God"
  208. "THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
  209. "The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
  210. "The bull run should begin any day now."
  211. "The free market doesn't permit fraud and theft."
  212. "The free market will clear away the bad actors."
  213. "The only regulation we need is the blockchain."
  214. "We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
  215. "We do not need the bankers for Satoshi is our saviour!"
  216. "We have never seen something so perfect"
  217. "We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
  218. "We verified that against the blockchain."
  219. "we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
  220. "Well, since 2006, there has been a infinite% increase in price, so..."
  221. "What doesn't kill cryptocurrency makes it stronger."
  222. "When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
  223. "When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
  224. "Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
  225. "Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
  226. "You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
  227. "You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
  228. "Your phone or refrigerator might be on the blockchain one day."
  229. The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
  230. Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
  231. It's impossible to hide illegal, unsavory material on the blockchain
  232. It's impossible to hide child pornography on the blockchain
  233. Fungible
  234. All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
  235. The price of Bitcoin can only go up.
  236. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  237. Scarcity
  238. The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
  239. immune to government regulation
  240. "a world-changing technology"
  241. "a long-term store of value, like gold or silver"
  242. "To Complex to Be Audited."
  243. "Old Auditing rules do not apply to Blockchain."
  244. "Old Auditing rules do not apply to Cryptocurrency."
  245. "Why Bitcoin has Value: SCARCITY.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  246. "Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  247. "Surely this digital scarcity has value.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  248. Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  249. "May 2018 will be the last time we ever see $bitcoin under $10,000", Charlie Shrem, bitcoin advocate and convicted felon, 11:31 AM 3-May-2018, https://twitter.com/CharlieShrem/status/992109375555858433
  250. "Last dip ever.", AngeloBTC, 14 Oct 2018, https://mobile.twitter.com/AngeloBTC/status/1051710824388030464/photo/1
  251. "Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally", Joseph Young, coin shill, October 15, 2018 22:30 CET, https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
  252. Bitcoin would be a buy if the price fell under $5,000., Mohamed El-Erian, chief economic advisor at Allianz, 29-Jun-2018, https://www.ccn.com/bitcoin-a-buy-below-5000-says-allianz-chief-economic-adviso
  253. 2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  254. 2018-02: Bitcoin price to hit $27,000 by February 2018, Trace Mayer, host of the Bitcoin Knowledge Podcast, and self-proclaimed entrepreneur, investor, journalist, monetary scientist and ardent defender, Link #1: https://mobile.twitter.com/TraceMayestatus/917260836070154240/photo/1, Link #2: https://www.bitcoinprice.com/predictions/
  255. 2018-06: "Bitcoin will surpass $15,000 in June [2018]." John McAfee, May 25, 2018, https://bitcoinist.com/john-mcafee-says-bitcoin-will-surpass-15000-in-june/
  256. 2018-07: Bitcoin will be $28,000 by mid-2018, Ronnie Moas, Wall Street analyst and founder of Standpoint Research, http://helpfordream.com/2018/12/23/5-bitcoin-price-predictions-gone-wrong/.
  257. 2018-12: Bitcoin to reach a price of between 40,000 and 110,000 US dollars by the end of the 2017 bull run ... sometime before 2019, Masterluc, 26-May-2017, an anonymous "legendary" Bitcoin trader, Link #1: https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/, Link #2: https://www.bitcoinprice.com/predictions/
  258. 2018-12: "There is no reason why we couldn’t see Bitcoin pushing $50,000 by December [2018]", Thomas Glucksmann, head of APAC business at Gatecoin, Link #1: https://www.bitcoinprice.com/predictions/
  259. 2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at 30 grand or more by next Christmas [2018] - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully" u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
  260. 2018-12: 1 bitcoin = 1 Lambo. Remind me on Christmas eve [2018] u/10GDeathBoner, 3-Feb-2018, https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/dtn2pna
  261. 2018-12: Been in BTC since 2014 and experienced many "deaths" of BTC... this too shall pass... $10k end of the year. [2018] u/Exxe2502, 30-Jun-2018 https://reddit.com/Bitcoin/comments/8uur27/_/e1ioi5b/?context=1
  262. 2018-12: "Yale Alumni prediction - 30 Grand by Christmas [2018] - and you my friend... you will be the one eating Mcafee's dick in 2020. :) -:", u/SirNakamoto, 15-Jun-2018, https://www.reddit.com/Buttcoin/comments/8r0tyh/fdic_agrees_to_cover_bitcoin_losses_in_event_of/e0nzxq7
  263. 2018-12: "Impossible For Bitcoin Not to Hit $10,000 by This Year (2018)", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 22-Sep-2018, https://www.newsbtc.com/2018/09/22/billionaire-novogratz-impossible-for-bitcoin-not-to-hit-10000-by-this-yea
  264. 2018-12: "[Bitcoin] between $13,800 and $14,800 [by end of 2018]", Fundstrat's Tom Lee, 13-Dec-2018, https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html
  265. 2018-12: "Bitcoin is going to be $15k-$20k by the end of the year (2018)", Didi Taihuttu, 1-Nov-2018, https://www.wsj.com/video/series/moving-upstream/the-bitcoin-gamble/85E3A4A7-C777-4827-9A3F-B387F2AB7654
  266. 2018-12: 2018 bitcoin price prediction reduced to $15,000 [was $25,000], Fundstrat's Tom Lee, 16-Nov-2018, https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html
  267. 2018-12: "I want to be clear, bitcoin is going to $25,000 by year end (2018)", Fundstrat's Tom Lee, 5-Jul-2018, https://www.cnbc.com/video/2018/07/05/tom-lee-i-want-to-be-clear-bitcoin-is-going-to-25000-by-year-end.html
  268. 2018-12: "Bitcoin could be at $40,000 by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
  269. 2018-12: "Bitcoin will be priced around $50,000 by the end of the year (2018)", Bitcoin bull Arthur Hayes, co-founder and CEO of BitMEX, 29-Jun-2018, https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html
  270. 2018-12: "Bitcoin could definitely see $50,000 in 2018", Jeet Singh, cryptocurrency portfolio manager, speaking in January 2018 at the World Economic Forum in Davos, https://www.dcforecasts.com/new-prediction-says-bitcoin-hit-50000-2018/
  271. 2018-12: "Bitcoin will hit $100,000 this year (2018)", Kay Van-Petersen, an analyst at Saxo Bank, 17-Jan-2018, https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html
  272. 2018-12: "Bitcoin price to surpass the $100,000 mark by the end of 2018", Tone Vays, 21-Sep-2017, https://www.ccn.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
  273. 2018-12: "Bitcoin’s Price Will Surpass the $100,000 Mark by the End of 2018", Anonymous ("author" obviously too embarrassed to put his name to such bullshit "articles"), Oct-2018, https://investingpr.com/bitcoin-price-predictions-for-2018/
  274. 2018-12: "Our [2018] year-end bitcoin target is $7700.", James Stefurak, Founder at Monarch Research. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  275. 2018-12: "... we’ll see the price rally reaching its all-time of high of around $20K before the end of 2018", Khaled Khorshid, Co-Founder at Treon ICO. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  276. 2018-12: Bitcoin will end 2018 at the price point of $50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
  277. Plus a whole host of wrong 2019 predictions (could not be included here because of post character limit issues), so please see my earlier post from 4 days ago: Ummm, remember those "Expert" Bitcoin Price Predictions for 2019 ..... ohhhhh dear ....., https://www.reddit.com/Buttcoin/comments/eiqhq3/ummm_remember_those_expert_bitcoin_price/
.
But it's NOT all bad news, some claims and promises are yet to be determined:
  1. Never going below $3K again
  2. Never going below $2K again
  3. Never going below $1K again
  4. Any others ? Please let me know.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

EWMCI Periodic Update 2020-05-15 [Full Version]

Dear Friends,
Bitcoin halving took place and it was largely uneventful. Except a few large "whale dumps" and "bull pumps" which essentially evened out, the event felt kind of like crossing the singularity of a black hole. You don't feel it when you cross it, but the negative supply shock is irreversible, in both real and "cosmic" terms. With most cryptocurrencies tied to BTC as their primary trading pair, a slight rise in price levels has begun, with small caps (Bronze Index) being most pronounced. Here's the scoop for our three indices...
Gold Index - After about 8 weeks of continuous gains, the large caps took a little break, with 1.2% decline which likely signals a short-term correction. The level of the current correction (corresponding to previous well-established resistance/support levels) suggests that we are consolidating for the time being, but the overall longer-term bull trend is as yet unbroken.
Silver Index - Although the mid-caps managed to squeeze out a marginal (0.3%) gain for the week, they seem to be following the Gold Index in terms of the general trend. Given this observation, it is likely that we will see a short-term correction (and consolidation) right around the current level. The worst-case scenario is a new base formation right around $17 - just below the current level. After that, the long-term bull case is the most likely outcome.
Bronze Index - Currently the small-caps appear to be in an upside breakout position. After 8+ weeks of continuous uptrend and reaching an all-time-high this week, the momentum seems to be pushing strongly to continued new highs. In a way of potential support levels (in case the rally fails) we now have a pretty well defined support right around $90-95, which will take a significant amount of downward pressure to break.
Other EWMCI Developments: A new page with useful resources and tools for crypto enthusiasts established at "tools.ewmci.org". Over time, additional links will be added as per community suggestions. I am also pleased to announce that between our fiat-to-crypto bridges and allied exchanges, one does not need to rely on any other external resource to acquire EWMCI index constituent currencies. This is indeed a huge accomplishment and marks an important step toward the EWMCI Ecosystem becoming internally self-reliant and independent of third-party influences. As such, we are perfectly positioned to continue our mission of being a neutral arbiter of quality and value for cryptocurrency end-users.
Big shout out to our EWMCI Strategic Partners, the "EWMCI 11," BexCrypto, Auscoi, Crypto Beast, CoinGecko, CoinPaprika, Magnum Wallet (our official multi wallet), MadCatMining, Fides Exchange, NLExch, TheCoin.pw, and Zapple.com. Your efforts, high quality of service, and dedication to transparency, honesty and most importantly crypto end-users are truly appreciated! Also, welcome FeatherLite (eBay crypto merchant) to the Alliance!
Till next week!
Stan / EWMCI.info
Embrace DIY Crypto Index Investing - Your wallet, your keys, your control, your timing, your terms, your decisions!
submitted by z-forum-guy to EWMCI [link] [comments]

Bitcoin at $136,000: Can it become the new gold standard?

Over the past year, Bitcoin’s been on a wild ride from a low of $1,183 to a peak of $19,401.
With Bitcoin’s skyrocketing prices, detractors from J.P. Morgan chief Jamie Dimon (“[Bitcoin] is a fraud”) to Berkshire Hathaway CEO Warren Buffett (“I can say almost with certainty that [cryptocurrencies] will come to a bad ending”) have been quick to decry the digital currency as a bubble.
Predicting a crypto bubble has become the latest trend as Bitcoin and other currencies have risen meteorically. In spite of this, Bitcoin has shown that it is still a new asset with room to grow.
Bitcoin’s current market cap of $134 billion, is massive compared to most companies, and even some countries. But this pales in significance compared to traditional assets like gold. If Bitcoin becomes a widely accepted store of value, it may one day replace some of the functions of gold in the market.
Today, there is an estimated 190,040 tonnes of gold above ground in the world, with 54,000 known reserves below ground that can be mined. At today’s rate of $1,335 per ounce, that means there’s around $11.5 trillion worth of gold in the world that we know about.
Imagine that Bitcoin replaces 25% of today’s gold market. Bitcoin would leapfrog another 17x above today’s current prices.
Here’s some (very rough) back-of-the-paper-wallet math:
25% of $11.5 trillion gold reserves = $2.86 trillion $1.975 trillion market cap of bitcoin / 21 million bitcoin = 136,190 price per bitcoin While this scenario may seem extremely far-fetched, it’s not completely out of the realm of reality. In this article, we’ll look at some of the key characteristics that Bitcoin shares with gold that make it useful as a store of value and speculate around how Bitcoin might eat into the dominance of gold.
What is a Store of Value? Skeptics like to point out that Bitcoin isn’t that useful as a currency. It can have high fees, long transaction times, and comes with numerous security risks. It’s still much easier to pay for goods and services with a credit card than sending bitcoin to someone’s public address.
Yet all these things actually make Bitcoin similar to something people have valued for thousands of years: gold.
Gold has certain properties that make it useful. It conducts electricity well, and it looks pretty. But if you compare gold to more common metals such as copper or nickel, it’s actually a lot less useful for making things — it bends too easily.
The main utility of gold is that it functions as a store of value. Because gold is extremely scarce and expensive to produce it tends to retain value over time. If you buy gold today, you’ll likely be able to exchange it for a similar amount in the future.
To understand how gold functions as a store of value and how Bitcoin might replace it, we have to dig deeper into the history of gold.
A Brief Primer on Gold Gold has been valued and used as a store of value for millennia. The first known use of gold as currency began several thousand years ago in Asia.
Even with the widespread adoption of paper currency in the form of bank notes in the 19th century, the gold standard remained the most popular financial system in the world. Nations would set a fixed price that they would trade gold for paper money. For centuries, gold was an acceptable form of currency. That’s a big part of why gold is still valuable today — we believe that gold is valuable, and this belief has been culturally ingrained.
Gold has a number of properties that make it useful for this purpose. For starters, it lasts a really long time.The chemical half-life of gold is 168 days, compared to 130 days for silver, and a mere 61 hours for copper.
Gold is also easy to split up into smaller parts and transport. You can remelt a gold ingot into smaller gold coins, or even smaller pieces of jewelry. It’s also portable: an ounce of gold is worth $1,335 and weighs the same as a slice of bread. It’s estimated that the 190,040 tonnes of gold above ground would fit into a cube with 67 foot sides.
Today, we use gold for many different things. Jewelry is the most common use-case representing roughly 48% of all above-ground gold. 21% is used for private investment, whether in the physical form of gold bullion or in financial instruments like exchange-traded funds. Another 17% is used by the official sector by central banks as a reserve currency. The other 14% is used for other purposes, from industrial applications like electronics to dentistry.
source: World Gold Council
While the gold standard has largely been abandoned, gold remains a useful hedge against currency instability.
That’s because gold is inherently scarce, with a limited supply. On average, 1,500–3,000 tonnes of gold is mined each year, adding a mere 1–2% annual increase to the supply of gold. It’s also highly liquid and can be exchanged for money anywhere in the world.
Central banks buy gold to avoid currency risks and hedge against inflation. Gold is held in reserve and can be liquidated quickly in times of crises. In 2016, Russia’s central bank purchased 201 tonnes of gold in response to a weakening rouble and international sanctions, making it the largest acquirer of gold.
Today, gold continues to retain its significance because it operates as a store of value that’s removed from the financial system.
The Bull Case for Bitcoin: Why Bitcoin may replace Gold On the surface, Bitcoin and gold couldn’t be more different. Bitcoin is a digital, peer-to-peer currency created in 2008, and distributed across nodes around the world. Gold is a natural element that is mined from the ground, and which has been used as a store of value for millennia.
Despite these differences, Bitcoin and gold both share characteristics that make them useful as a store of value:
Just like the supply of gold is constrained to the amount that can be mined, the supply of Bitcoin is written into the code and maxes out at 21 million coins. While gold is relatively portable, can be verified, and divided into smaller units, Bitcoin is cryptographically secured, controlled via private key, and can be divided infinitely. That gives it distinct advantages over gold as a store of value.
While gold is useful as a store of value because it’s valuable relative to physical size, this still adds up when you’re operating at scale. For example, when the German central bank wanted to bring home 374 metric tons of gold back to Frankfurt, the gold had to be assessed for purity, be remolded from bullion into bars, then secured and transported. The whole operation cost $ 9 million. There’s a clear argument that a digital currency like Bitcoin would be much better suited to maintain reserves than gold bars.
Central banks are already beginning to look at the benefits of digital currencies. The Swedish central bank is investigating the possibility of launching a digital supplement to cash, called the e-krona. Singapore is experimenting with use-cases for cryptocurrency from cross-border payments to creating a digital Singapore dollar.
Similar to gold, Bitcoin sees high usage as a store of value in countries with currency controls or instability. In Argentina, for example, people use Bitcoin to circumvent government currency controls mean, saving nearly 40% on foreign currency exchanges. In Venezuela, Bitcoin usage has become widespread to buy everything from food to movie tickets in the face of 2,616% inflation. The Venezuelan government even launched its own contentious cryptocurrency, called the Petro, in an effort to circumvent international sanctions.
Like gold, Bitcoin provides a store of value that’s separated from the official financial system. Unlike gold, Bitcoin is far easier to hold onto and exchange. If 25% of the gold that’s used as a store of value in jewelry, private investment, and the official sector moves to Bitcoin, we may see Bitcoin at $136,190.
The New Gold Standard Bitcoin rose from the 2008 financial crash, promising a digital currency free from central bank intervention. This is something that we’ve always needed — just look at gold. Gold is useful because it provides a store of value outside of currency and stock markets. Bitcoin, if it’s able to address key technical and scalability challenges, has the potential to do the same.
What’s important to remember is that despite the boom-and-bust hype cycle, we’re still in the early innings.
https://blog.sfox.com/bitcoin-at-136-000-can-it-become-the-new-gold-standard-ee98b11aacfc
submitted by pmp301 to BitcoinMarkets [link] [comments]

[WTS/WTT] All Kinds of Stuff! .999 Rounds & Bars with some Foreign Junk

ALBUM
All .999 items have been verified with a Sigma PMV. Some have scratches/toning; see pics for details and additional pics available upon request. Thanks for looking!
Open to potential trades. Looking for Engelhard 1oz pressed bars, smaller vintage poured bars (5oz and less) and cheap 90% US junk silver.
.999 SILVER
FOREIGN JUNK
SOLD
PAYMENT: - Google Wallet, Venmo or PayPal Friends & Family (Please do not put in any comments).
USPS SHIPPING TO THE US: - 1-4oz - $3.50 First Class padded envelope - 5-8oz or less - $4.50 First Class padded envelope - Over 8oz - $8.00 Priority Small Flat Rate Box
INSURANCE: - Available at Buyer's expense. I pack well, but I am not responsible once in the hands of the USPS. You will be sent tracking information once transaction completed.
submitted by jwayne813 to Coins4Sale [link] [comments]

Any one out there buy bullion with Bitcoin from the major dealers?

Looking for some help with this transaction method. Went to make my first silver purchase using bitcoin from Apmex and at the checkout screen it said "payment must be made from a 'payment protocol' compatible wallet" with a link to compatible wallets which were(Bitpay, Copay, Mycelium, Electrum, and Bitcoin Core).
I keep my bitcoin stored on my KeepKey hardware wallet, which was not on the list of approved wallets. Does this mean that I need to transfer my Bitcoin to one of there software wallets in order to complete this transaction?
I got the same message when I switched over to JMBullion to try and place an order.
Also, tried to make an order through SilverGoldBull since they take Litecoin, but that process timed out when I clicked to complete the order and doesn't seem to have gone through.
Thanks for any help you all can provide, and if you have a recommendation of which wallet to use that would be great!
submitted by StackAttack12 to Silverbugs [link] [comments]

Bullion/Gold/Silver Coins Using Bitcoin Cash/BCH (A Guide for US Folks)

TL;DR - you can buy physical gold/silveplatinum/palladium bullion with crypto, if you need to hedge a little or make massive gains a little bit more liquid.
Hey friends, not a big Reddit poster. I’m not bothering to post this in /Bitcoin because it will either get deleted or buried under a sea of HODL memes. Feel free to share wherever, and save your tips/gilding for other people, because I started getting into BitcoinCash around $300 USD and I’m doing fine.
I remember the excitement just over a year ago when I first bought myself a 1 oz gold coin (Libertad) https://i.imgur.com/HlOIOdE.png using BTC through JMBullion.com, though that option became more and more unacceptable this year because of transaction fees that increased my total price per troy ounce, and paying with an eCheck on APMEX.com was worth the extra days of waiting to get a decent price (APMEX has since started taking BTC, but not BCH yet). I have always liked collecting coins, and as I began to become more and more libertarian I have been intrigued by the idea of bullion as a hedge against government tyranny (though I admit that I do enjoy collecting and looking at the amazing designs).
Well, we’re back in action now as of Dec2017, because SilverGoldBull.com (Canadians can use .ca) takes BitcoinCash and the process is super quick and easy. I saw the market topping out recently at $3,700 USD so I decided to put a small percentage of my BCH into some more bullion, just as a little hedge against what may come (same reason I still hold a small amount of my original BTC/Bitcoin Core after transitioning to 80% BCH post-01Aug fork). I doubt many people are into this little niche of the internet, but here’s a quick guide to using the SilverGoldBull website:
  1. Before anything, I made an account on the .com domain and put my shipping/billing address.
  2. I then added the items to my cart. Note that the options I was interested were limited to some near-spot gold coins like the 1oz gold Perth Swan https://www.apmex.com/product/154744/2017-australia-1-oz-gold-swan-bu and the kilo silver Perth Koala. https://silvergoldbull.com/1-kg-2017-australian-koala-silver-coin For me, close to spot is important. I don’t buy overpriced collectibles like the 1oz Silver Shield coins (they sell for $24 each, even though spot price is around $16.27 USD right now). I also don’t like bars at all, only coins with a purity and year on them. I think SilverGoldBull has a bit less inventory than massive APMEX, in addition to a low inventory due to holiday sales and waiting on next year's shipments.
  3. After clicking “Checkout” I noted that my cart was just under $10,000 USD, because it made me feel better in the chance that the IRS decides to back-date laws and look for big spenders. Over $99 on SilverGoldBull.com means free shipping, insurance, and signature delivery (for a US address at least).
  4. So everything has been normal so far, just like I would buy bullion using eCheck or Wire Transfer options on any big site like APMEX.com, JMBullion.com, SDBullion.com, ModernCoinMart.com, BullionExchanges.com, etc. Here’s where it gets easy! I clicked “Bitcoin and other Cryptocurrencies” https://i.imgur.com/nD26Z1L.png as the payment method, clicked the “I Commit to purchase and agree to Sale Terms” box, and then “Place Order” for a result of:
  5. The next screen is a 10-minute timer to send the exact amount of BCH to their address (Copay users will need to convert their address to the type starting with “1” instead of “C” here https://bitpay.github.io/address-translato). I used my wallet to send the transaction with a one-cent fee, and the site noticed it after a couple minutes, redirecting to a Thank You page for confirmation. Later, I got an email with the confirmation as well.
  6. The first purchase might require a US driver’s license emailed to the [email protected] address that asks for it. My order did, https://i.imgur.com/t1ifCsL.png but all orders after that will be processed right away. This might be a deal-breaker for those who don't like KYC (Know Your Customer) policies, but it wasn’t a deal breaker for me.
Hope someone gets some value out of this, and shout-out to the many helpful people on /btc that have provided awesome information! Also a head nod to my fellow silver stackers out there, like the helpful folks at /SilverBugs. I will likely regret using some BCH now, https://i.imgur.com/jOpTRfp.png with its current buying power, compared to a few years from now when it's worth more...but it was a small hedge, and your mileage may vary. Hopefully I didn’t doxx myself or mess up any of the steps. Shoot me a message if I did, and I’ll make any necessary edits.
Edit1: added links
Edit2: updated for 01May2018 is the following list of websites
www.apmex.com (confirmed by me! takes BCH and BTC now, using BitPay...price for BitPay found here to maximize your spending power: www.bitpay.com/exchange-rates)
www.silvergoldbull.com (BCH and BTC, very easy ordering)
www.jmbullion.com (BCH and BTC, but haven't confirmed the BCH one myself yet)
www.silver.com (BCH and BTC, according to customer service)
www.moneymetals.com (BCH and BTC, according to customer service)
www.veldtgold.com (BCH and BTC, according to customer service)
www.bullionexchanges.com (no BCH)
www.goldsilver.com (no BCH)
also a shout-out for www.cryptonize.it/order-anything and
http://store.bitcoin.com for being BCH-friendly. hope these updates help :)
submitted by 0321Reddit to btc [link] [comments]

[WTS] Platinum, Gold, and Silver! Commercial silver art bars and rounds | Johnson Matthey stuff | 12 Labors of Hercules

Proof: http://imgur.com/a/3qCOb
Feel free to send offers.
Item Qty Photo Price
Scotiabank 1 ozt silver bars 4 http://imgur.com/Dt20Snz $20
Mid-States Recycling & Refining 1 ozt silver bars 4 http://imgur.com/DUYZo9z $20
Universal Beer Medallion / Silver Backed By Beer 1 ozt round 1 http://imgur.com/w7DBbMM $24
Sierra Ball Pens (Faber Castell 1986) 1 ozt silver round 1 http://imgur.com/YNdSLvR $27
Alaska: 25 Years 1 ozt silver round (Johnson Matthey) 0 http://imgur.com/kkj7JfJ SOLD
Hutt River Province Principality / Reagan 1985 1 ozt silver round (Johnson Matthey) 0 http://imgur.com/8TBIcZR SOLD
Johnson Matthey 5 g silver bar in factory-sealed packaging w/ jewelry bezel 1 http://imgur.com/jjBYqs9 $15
12 Labors of Hercules: III Ceryneian Hind 1 ozt silver round 1 http://imgur.com/lPEN6c8 $21.50
12 Labors of Hercules: IV Erymanthian Boar 1 ozt silver round 1 http://imgur.com/lPEN6c8 $21.50
12 Labors of Hercules: V Augean Stables 1 ozt silver round 1 http://imgur.com/lPEN6c8 $21.50
12 Labors of Hercules: VII Cretan Bull 1 ozt silver round 1 http://imgur.com/lPEN6c8 $21.50
12 Labors of Hercules: VIII Mares of Diomedes 1 ozt silver round 1 http://imgur.com/lPEN6c8 $21
Commerzbank 1 g gold bar in assay card 2 http://imgur.com/QVfF0lK $48
Alaska Airlines Credit Suisse 5 g gold bar w/ documentation 1 http://imgur.com/a/cqkBx $210
Baird & Co. 1/4 ozt platinum bar in assay 1 http://imgur.com/Z3A0ZKb $270
Shipping is $3 for up to 6 ozt, $4 for 7-9 ozt, $5 for 10-12 ozt, and $6 at and above 13 ozt. Payment is accepted through Google Wallet, Paypal F&F, Bitcoin, or SquareCash.
submitted by AgnAustic to Pmsforsale [link] [comments]

What I learnt about bitcoin the past 7 to ten days (Reposted from /r/Bitcoin

Greetings. Before I get into this let me just say that these are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility.
First I'll give a TL;DR for those who would rather not read such a wordy post: bitcoin has much cool factor, is a potential investment vehicle if you don't mind some considerable risk, and yes, still has a long road ahead of it for broad adoption.
On to the thick of it:
First, some background. I'm not completely inexperienced with bitcoin, I first investigated it sometime in 2011; people were giving me bitcoin at the time in 5 coin batches, just for the asking, so I could experiment with it and try to figure out what it was and what it was good for. My interest involved using it as a currency in so-called 'virtual worlds'.
I accumulated about 15 coin at Mt. Gox, and shortly after, they got hacked. I was not compromised, and my coin was intact; so I moved it to another, seemingly more stable exchange. Before long, this interest took a back seat to something more productive and I pretty much forgot about it until the price took off like a rocket and it seemed I might have several tens of thousands of dollars squirreled away at that exchange, and when I went back to find it, the URL for the exchange had been abandoned and the exchange was gone, with my coin. By this time, the bull run was over and the coin was worth a few dollars again, and I gave it up and made a note to myself: Never again would I screw with bitcoin until I could find out how to secure it personally.
So, to the present: with the recent bull run, and bitcoin in the news because china and the banks suddenly warming up to it, I decided it was time to revisit it. With past lessons in mind, I began my research.
Here's what I've learned: 1. You don't need an exchange if you aren't actively trading coin. DIY and store your coin on paper. 2. Storing coin offline is easy with paper wallets. Workflows with paper wallets are non-trivial but not entirely tedious given the right tools. 3. The 'bitcoin community' is a marketplace only if you consider bitcoin to be their product.
The 'work for coin', and 'buy with coin' memes are pretty misleading; when you get out there and actually try to work for coin, currently at least, all the sites seem to be for show only; that is, getting registered and getting work breaks down; all the sites I interacted with had odd requirements (pass our entrance exams, and keep taking tests to rank up to a wage), broken signup procedures, or the like; none of them turned out to be useable in any meaningful way, with the possible exception of https://www.xbtfreelancer.com, but honestly I could starve quicker by not working at all than for working at the rates being offered on that site and suffer less in the process. The coin faucets are a complete waste of time, for any purpose. I spent two days gathering up 10 cents in order to test my paper wallet workflow; all but 2 cents were taken in transfer fees. Don't bother. One other source of 'work for coin', the reddit /Jobs4Bitcoins, seems legit, but again I think that the majority of the work offered there is offered at such a low wage I wouldn't bother, and the ratio of 'Hiring':'For Hire' is dismal; everyone wants to work for coin, but no one is offering coin for work, and the rates offered on the few jobs that are out there, well, they aren't quite as bad as what the faucets pay... I'll leave off commenting negatively on point 3 for now, and just sum it up as 'not quite ready for prime time'. Instead, I'll address bitcoin as the valuable product and service the community actually provides.
Bitcoin is a perfect example of a bubble. It's only value at present is that it is a proof of concept of a clearly superior mechanism for doing business of just about any kind. This drives excitement, and excitement fuels emotion. Anyone who has ever traded anything knows that emotion drives the marketplace. I say it is a bubble because in and of itself, bitcoin provides no value; yet it is currently trading at or near 400$US/coin. Only that we agree it provides some sort of value makes it valuable. That sounds a bit shady and potentially very risky; but it also happens to be precisely how fiat money works. This is why the banks are excited about the blockchain and not bitcoin. Silly bankers, I think they still don't get it.
A 'bubble' in a financial context is generally a negative description of a market; this is because the market so described is inflated. What they don't tell you is that while a bubble is generally considered 'bad' for an economic sector, a bubble does make a lot of money for some of the people involved. In short, it is an opportunity if you know how to take advantage of it. This requires timing. See 'technical analysis of markets'.
Enough of pandering to greed and need; lets talk a bit about how a regular guy without 150K$US in coin mining equipment can actually use coin to his advantage.
First thing is, don't quit your day job. You're going to need fiat. Period. It's what underpins the value of bitcoin, by design. There won't ever be a world where money is just valuable; unless it's made of pure gold and silver. Get used to that idea, because bitcoin was never meant to replace money, it was always meant as a medium of speculation and exchange; a complement to fiat. This is reflected in it's design.
The first thing for which you'll need fiat in this context is to purchase coin. From an investment perspective, there are three reasons to purchase coin. All benefit from technical marketplace analysis, which is used to do two very useful things: identify highs, and identify lows. Using these two pieces of information one generates signals. There are three kinds of signals: Buy, Sell, and Hold. Anyway, I was not going to talk about greed and need.
So yes, buy coin. Buy it cheap as you can. Then do one of these things with it: 1. Hold it. The overall trend since the beginning has been increased rates of exchange. If you hold it long enough, it will likely mature in value. If you decide to sell it, hopefully it will be for much more than you paid for it. 2. Lend it at interest. This is the functional equivalent of a bitcoin certificate of deposit. You lend the coin at a fixed rate of return and for a fixed period of time. The risks are the same as with any lending in which you might engage and are addressed with similar precautions. 3. Sell it when it's high, wait until it's low again, and buy it again. Repeat for as long as you are comfortable speculating.
I know, I said I was finished pandering to greed and need, but this is the thing that bitcoin is perhaps most useful for at this time.
Now to my original point number 2.
Looking down from my lofty perspective of ignorance, bitcoin works a bit like this (experts feel free to chime in here and correct me, I don't have the deepest technical knowlege of blockchain workings). Basically, a wallet is a cryptographic key value pair. Two big numbers. They are typically presented as both strings of text and QR codes. Both are not required; either will work. It is important to realize that the key/value pair is the 'account'. The values themselves. That is where your coin is stored.
This is the thing I missed at the beginning; had I known I could store my coin on paper with keys that have never seen the network, I'd never have lost my original stake. Note the phrase 'keys that have never seen the network'. These are a lot easier to come by than you might think; mine were generated offline in my browser with a little javascript. This also means that if you ever put your private key from such a wallet on the net, it is no longer secure, no matter what you do with the paper wallet. The crypto keys are the account, not the paper they are printed on. The private key is all you need to sweep the value out of it.
When you receive some bitcoin, that's a transaction. This transaction gets encrypted into a block on the blockchain. This encryption is cryptographically 'hot', which is to say it uses an unusually high amount of computational resource. Encrypting such a transaction is what is referred to as 'mining'. Blocks in the blockchain are a specific size, and when one is 'filled' by a miner, s/he creates a new bitcoin. There's more, but here we are at the limits of my understanding.
So, if wallets are so insecure, how do you ever get coin without it being hacked out from under you? Easy, you have it sent to the public address of one of these offline wallets. This is how every key-pair works; the public key is where the money is sent; the private key is how it is sent.
So, you want to spend your coin? It can be done; there are lots of places on the web that accept coin. I know of a very reliable, high quality hosting provider whom I can pay with coin; VPN services seem to traffic a lot of coin; and other things; from what I understand, it is the currency of the so-called 'dark web' (I wouldn't know first hand, never been there myself). Generally though, the way most of us will spend coin, is to convert it back to fiat. This can be tricky. That being said, it is no more tricky than say, selling your euros or your pesos, and perhaps not quite as tricky as cashing out of some stocks on the stock market. I'll leave it to the reader to decide how best to do that, largely because the landscape changes rapidly in that respect.
Which brings us to my final talking point, one mentioned but not one of my bulleted points: Risk. This whole damn thing is risky as hell. Don't tie up any more money with it than you are willing to lose. There are some things you can do that will help mitigate the risk, but not by a lot. Diversification comes to mind. That being said, most such strategies seem to look more like 'make money quicker and get out while you can' than they look like 'protecting my investment'.
Which brings us finally to my closing comments:
These are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility. Come to think of it, I'll add this to my opening comments too.
EDIT: Typo
submitted by UnclaEnzo to BitcoinBeginners [link] [comments]

A few thoughts - Friday, July 11, 2014

Good afternoon! A few thoughts for lunch today:

Dark Wallet making waves

There's a cover story at Wired today about the Dark Wallet software that aims to completely anonymize transactions. Built on top of bitcoin, Dark Wallet merges transactions through a method known as CoinJoin, making it impossible to trace the destination of funds. The creators state that the goal of Dark Wallet is to make bitcoin transactions completely anonymous.
I like Dark Wallet because it is built on top of the bitcoin protocol. Darkcoin, an alternative system that aims to accomplish the same thing, is more centralized (it has masternodes). Darkcoin also suffers from the simple fact that it is an altcoin, which is reason enough to believe that it is unlikely to succeed.
Dark Wallet's success is more likely, because it theoretically could be used interchangably with the existing protocol. Since money flows over bitcoin and there are no colored coins representing larger values, a Dark Wallet coin is worth the same as a bitcoin. Should people start to use Dark Wallet, I predict that the Dark Wallet protocol becomes implemented by all major providers within a year of that. Should that happen, Dark Wallet will eventually become the default protocol, since traditional bitcoin has no advantages over Dark Wallet (who doesn't want to protect their privacy?) We could see it integrated into the reference client, just as the reference client uses new change addresses now to protect privacy. Ironically, the only use the non-Dark Wallet protocol would have then is for transparency purposes like proofs of reserve and huge bank transfers, so that straight bitcoin suddenly goes from the evil anonymous currency to the transparency enforcer.
Pay attention to Dark Wallet. Because it is not an altcoin, and because it is so interchangable with straight bitcoin, it could eventually become the standard protocol should people start using it.

The difference between good news and actual products

I wonder if some of the discrepency between actual prices and the amount of good news that seemingly appears is because much of the good news is not actually what it seems. I was surprised to discover this morning, for example, that 1-800-flowers isn't actually accepting bitcoins. They only announced that they will be doing so later in the year, which adds them to a string of companies which stated they would be accepting bitcoins but turned out that only a small segment of the business was doing so, or that these companies' bitcoin acceptance wasn't live yet.
It's also worth considering that many press releases have no real product behind them. Circle, which issued a release in mid-May, said that they were going to allow people to buy bitcoins with a credit card for no charge. Two months later, we have yet to hear a single person who has been accepted into their beta testing program.
Therefore, I propose that one reason that good news has little effect on the markets is that it isn't actually good news. Perhaps the big time investors who actually make a difference see through the press releases more easily than the people on reddit do.

Why go bearish so early?

Some people questioned why I would have a negative outlook on bitcoins several weeks before we can confirm that this bubble cycle failed to launch. After all, the expected time that this bubble would peak isn't close to arriving yet.
Over the past year, market movements have tended to occur about 10 days before the majority of people on reddit believed that they would happen. You can see this correlation in the crashes and rises last November pretty clearly. I've predicted that things aren't turning out the way many people believed, and that such an outcome would likely produce a downturn (but not kill bitcoins). Because things happen often happen before everyone believes they will, I would imagine that the fallout would occur before the expected timeframe of this bubble elapses.

On the New York regulations

Much has been made about how Benjamin Lawsky's proposed regulations will have a significant impact if they are released in a few weeks. I predict no impact at all.
First, any regulations that are released are not going to be final; they still need to be discussed and approved. Therefore, companies will not be able to act upon them without fear of the rules changing before they are finalized months from now. Second, these regulations were to have been completed several weeks ago, and are still outstanding. As people in /bitcoinmarkets say, it's always coming "in two weeks." Finally, even if these regulations were finalized two weeks from now, there aren't any companies ready to pounce on them. Other regulations like money transmitting licenses, and simply not having the software ready, are greater hindrances at this point to these companies.
Lawsky's regulations are important, but the timeframe in which they will have an effect is going to be drawn out well into the future. When they are finally approved, there probably wouldn't be much splash, since the splash always is made on the initial announcement. Their approval will set the stage for growth, but not until they are finalized and the companies are ready to go.

Litecoins are like bitcoins of the altcoin world

It occurred to me recently that people separate cryptocurrencies into two areas: bitcoins and everything else (altcoins). In some ways, altcoins can be separated into litecoins and everything else.
In these contexts, bitcoins and litecoins share many characteristics. Both were the first, and most widely used, in their fields. Both use proven algorithms and provide a barebones framework, rather than attempting to experiment with extra features like anonymity or using 6 algorithms. Both serve as a reserve currency against which other cryptocurrencies are measured. Both have established uses that people need to hold them for to conduct real commerce. And both can be traded directly for dollars.
This is why I do not believe that litecoins are going away. The idea of "silver and gold" is not a misdirection; the simple fact that litecoins are worth less than bitcoins has made them valuable in a number of instances where eight decimal places of bitcoins is not granular enough. Just as bitcoins' most important attribute is their network effect, litecoins have a smaller, but similar network effect. Convincing people to switch out litecoins for Darkcoins or whatever flavor of the day comes up next will be just as difficult as it would be to convince people to drop bitcoins in favor of some other currency.

Uses for the sockpuppet accounts

It's worth paying attention to flairs in /bitcoinmarkets for unusual activity. One thing those sockpuppet accounts could be used for is to influence the bulls-to-bears ratio. In yesterday's comment, I referred to the "weighted bulls to bears ratio," which is a better metric that minimizes the effects of such accounts.

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

CGB - Open Source Community Development and Marketing Strategy

Cryptogenic Bullion (CGB)
Open Source Community Development and Marketing Strategy

NOTE: This document has been totally replaced by CGB's new website which will incorporate all of the resources found here. http://cgb.holdings/marketing/

This document contains a collaborative framework for the community development and marketing strategy of the Cryptogenic Bullion cryptocurrency. It is intended to be updated by any member of the CGB community who has a new idea or believes they can refine an existing one. The document is open to the public because it serves as a document of logic and open debate. I believe that releasing the strategy itself might provide other deserving cryptos with some guidance to take their logical place in the ecosystem. This document contains the strengths of CGB, misconceptions about CGB, community resources, community development, viral marketing concepts and highlighted communities.
Anyone who wishes to discuss any part or offer updates can reply to either post. I will try to keep the post up to date. Please understand that I am an independent community advocate like yourself. I am only a small piece of the bigger picture and each must take their own initiative in order for this campaign to succeed.
Cryptogenic Bullion Strengths
Proof of Stake Eco-Security: Cryptogenic Bullion is a second generation cryptocurrency employing an advanced hybrid of legacy Proof of Work mining and Proof of Stake minting to secure the blockchain. This multi-pronged approach makes the "51% attack" a thing of the past. Not only would an attacker have to control half of the CPU power on the CGB network, but they would also have to own half of the total currency supply of CGB in order to attempt a "double-spend" attack. Although Proof of Stake can be used alone to protect the network, the legacy Proof of Work aspect of CGB remains as an additional security layer.
The power consumption of CGB will remain far lower than any other legacy Proof of Work cryptocurrency as most of the reward for securing the network is provided through Proof of Stake minting which can be completed quickly on a smart phone, instead of a supercomputer cluster.
Interest Bearing (1.5%): A major benefit of Proof of Stake minting is that you can pay yourself 1.5% interest on savings, without the need for a bank to take its cut. Compared to legacy Proof of Work systems which reward only those with mining equipment, the benefit is made directly to the people who maintain a savings of Cryptogenic Bullion. A Proof of Work mining incentive of 0.5% brings the yearly production of CGB to 2.0%; a rate modelled after the supply of gold.
Inflationary Stage Completed (rare): In order to distribute coins to the widest population base, cryptographic currencies rely on a mining protocol called Proof of Work. This puts new coins into the hands of those with mining equipment like a gaming PC, or a cutting edge server. It gives everyone a fair chance to adopt and spread the currency, but creates the volatility and downward price pressure seen in so many other cryptocurrencies. Cryptogenic Bullion is the only second generation cryptocurrency to have completed this inflationary stage due to its accelerated reward halving. Without this relentless dumping of new coins that almost all other cryptocurrrencies are now struggling against, Cryptogenic Bullion is ready to meet its market potential.
Active Developers and Community: The development team has proven itself to be publicly accountable to the CGB community and has built a reputation for dependability, transparency, and forward thinking. With this foundation, the CGB community is able to focus on extensive advertising and promotional efforts which have drawn in a diverse collection of individuals to the merits of Cryptogenic Bullion. With a social media focus we have been actively engaging many different markets through the use of, among other media, our Facebook page (https://www.facebook.com/pages/Cryptogenic-Bullion/134177020124803), which has over 15,000 likes and CGB's twitter feed (https://twitter.com/CryptogenicBull) with a current following of over 400 individuals.
Misconceptions about Cryptogenic Bullion
Fast Mining/Inflation Stage: One common misconception about Cryptogenic Bullion is that its shorter mining/inflation stage has not given a wide enough range of individuals the chance to participate as early adopters. We must appreciate that this deployment method was chosen to avoid the long period of inflation which increases the volatility and stagnates most other cryptocurrencies in use today. The CGB community has been very active making every effort to get the word out about CGB and make it available on multiple exchanges. What is not realized is that CGB is still in the early adoption phase but instead of mining coins, the low price is what now enables early adopters to participate in this opportunity. CGB is only just now beginning to realize its potential to the discerning investor.
Community Resources
Highlighted Documents and Links
Community Development
In addition to helping to spread the word, there are other tasks which need to be undertaken in order to support the growth of our community. Any suggestions about areas of development are welcome.
  • Lightweight Blockchain Client: (Research Stage) See this post. This gives a client the ability to conduct transactions with a subset of the blockchain. It's useful for mobile applications and offline transaction signing. eg. BitcoinJ, Armory and Electrum
  • Expanded Wallet features: (Research Stage) We are looking to add some exciting new features to our wallet software including CGB network statistics and an RSS feed like functionality. All suggestions welcome!
  • Offline Transaction Signing: (Research Stage) This requires the above Lightweight Blockchain Client. eg. Bitcoin Trezor: This device contains a static environment which holds your private key for offline signing of transactions. This kind of technology is seriously needed for long term viability.
  • Wallet Software Speed Optimization: (Research Stage) Currently the CGB wallet software can take a couple minutes to load (or more depending on CPU). Some other crypto-currencies have been able to optimize their load times down to 15 seconds.
  • Dedicated CGB Forum: (In progress) A dedicated forum would be a nice touch.
  • CGB Wiki: (In testing phase) This will be of great value to us as we can logically create and arrange how-to documentation and all other kinds of information in an easy to navigate and reference repository.
  • Reddit Formatted Advertisements: (Requesting Ideas) We are in need of advertisements for CGB which are formatted 300px wide x 250px tall. These can be generic advertisements or targeted to a specific subreddit. These advertisements will link back to the /CryptogenicBullion subReddit to bring in new community members. For now buying ad space is voluntary but perhaps we may involve some kind of fund to help in the future. (Thanks hybridsole for bringing this up) Update: These functinos might not be as useful as we become more reliant on PoS for security, but might not be a bad idea anyhow, research required. (Artiface) In the future I would like to have the client have a nice visualisation of POS showing stake weight and an estimate of when stake should be generated.
  • Statistical Data: (Requesting Data) We need information to compare CGB to other coins. See: http://bitinfocharts.com/ This includes all kinds of data like technology comparison, coin variables, distribution, and all relevant attributes to be compared with each other.
Viral Marketing Concepts
Got Crypto?: I believe that this phrase has the power to turn Cryptogenic Bullion's slightly awkward name into an advantage. Not only is it a professional name appealing to the investment community, but it can be called 'Crypto' for short. No other coin can logically take this title with more credit than Cryptogenic Bullion. For example: http://i.imgur.com/BU1HSdC.jpg
CGB Vault: This viral concept involves locating high quality vault images and replacing the circular entrance with a translucent CGB logo. This can then include a slogan and or CGB Strengths. For example: http://i.imgur.com/JgSQkHw.jpg
CGB Bull: This viral concept involves making reference to spanish traditions of running with the bulls. A bull market is one which has established an up-trend in valuation. "2014 - Year of the BULLion!" "Run with the CGB Bulls!" etc. Any imagery involving actual bull runs and possibly subtle market chart imagery. Be careful not to appeal to greed, we don't need that kind of volatility. For example: http://i.imgur.com/Fe17cZE.png and http://www.youtube.com/watch?v=Fa-nfIksY4o
Crypto-Asset Trinity: As explained in this paper. A well functioning cryptographic asset market requires three roles to be filled: market gateway, adopted currency, and store of wealth. Bitcoin is the gateway that allows us to access so many markets especially USD of course. Dogecoin is riding a wave of excitement to be accepted by a wide array of merchants and businesses, creating an economy that doesn't require conversion back to government issued fiat as the people choose their own currency. Cryptogenic Bullion is the first crypto-currency to display all of the properties of money, while providing the bearer with interest for holding it. It is portable, divisible, fungible, scarce, low inflation, durable, non-consumable, and a store of wealth.
Crypto Stacking: I know I am not the only one who calls the contents of my CGB wallets a "stack." Some of us have found interest in crypto-currencies for the same reason that we may also hold physical Silver or Gold. Any parallels that can be drawn in imagery or wording to the "Silver Bug" community can be a fun way to promote value and inclusion.
Highlighted Communities
This marketing campaign will first focus on Reddit as our organization and jumping platform to other opportunities. The most effective ways that we can communicate with any community on Reddit is through submission of new ideas, content or links, and through discussion surrounding such a submission. The idea is to try to become more active in the community through informative discussion. If you are not familiar with Reddit, it is a place for content and link, sharing and discussion. It is important that you upvote only those comments and posts with true merit, and instead of downvoting, try to leave an informative or helpful comment. Try to promote CGB only where it is on-topic to do so. Otherwise, general discussion and debate often leads itself to such an opportunity.
When someone has located a post with discussion that could use some CGB community support, they will post a link to the post in the /GotCrypto subreddit with the prefix "Opportunity - ". /GotCrypto will be the collection point for opportunities that arise in various communities to convey logic, reason, and positive messages.
It's important to remember that every community we wish to interact with has its own unique perspective and strategies for contact. We know that any community is made up of members who belong to many other groups and communities; there is a lot of overlap. Our message needs to be as clear as possible and some of the best insights will come from these people. The purpose of this section is to enable these and all other CGB supporters to learn about and understand the most effective ways to communicate with the highlighted community. As this document is updated we should try to build a full picture of each community including:
  • Where they can be found
  • General level of understanding
  • Interaction Notes
  • Opportunities
  • Common Misconceptions
Communities:
submitted by papersheepdog to GotCrypto [link] [comments]

What I've learnt about bitcoin the past week or ten days

Greetings. Before I get into this let me just say that these are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility.
First I'll give a TL;DR for those who would rather not read such a wordy post: bitcoin has much cool factor, is a potential investment vehicle if you don't mind some considerable risk, and yes, still has a long road ahead of it for broad adoption.
On to the thick of it:
First, some background. I'm not completely inexperienced with bitcoin, I first investigated it sometime in 2011; people were giving me bitcoin at the time in 5 coin batches, just for the asking, so I could experiment with it and try to figure out what it was and what it was good for. My interest involved using it as a currency in so-called 'virtual worlds'.
I accumulated about 15 coin at Mt. Gox, and shortly after, they got hacked. I was not compromised, and my coin was intact; so I moved it to another, seemingly more stable exchange. Before long, this interest took a back seat to something more productive and I pretty much forgot about it until the price took off like a rocket and it seemed I might have several tens of thousands of dollars squirreled away at that exchange, and when I went back to find it, the URL for the exchange had been abandoned and the exchange was gone, with my coin. By this time, the bull run was over and the coin was worth a few dollars again, and I gave it up and made a note to myself: Never again would I screw with bitcoin until I could find out how to secure it personally.
So, to the present: with the recent bull run, and bitcoin in the news because china and the banks suddenly warming up to it, I decided it was time to revisit it. With past lessons in mind, I began my research.
Here's what I've learned: 1. You don't need an exchange if you aren't actively trading coin. DIY and store your coin on paper. 2. Storing coin offline is easy with paper wallets. Workflows with paper wallets are non-trivial but not entirely tedious given the right tools. 3. The 'bitcoin community' is a marketplace only if you consider bitcoin to be their product.
The 'work for coin', and 'buy with coin' memes are pretty misleading; when you get out there and actually try to work for coin, currently at least, all the sites seem to be for show only; that is, getting registered and getting work breaks down; all the sites I interacted with had odd requirements (pass our entrance exams, and keep taking tests to rank up to a wage), broken signup procedures, or the like; none of them turned out to be useable in any meaningful way, with the possible exception of https://www.xbtfreelancer.com, but honestly I could starve quicker by not working at all than for working at the rates being offered on that site and suffer less in the process. The coin faucets are a complete waste of time, for any purpose. I spent two days gathering up 10 cents in order to test my paper wallet workflow; all but 2 cents were taken in transfer fees. Don't bother. One other source of 'work for coin', the reddit /Jobs4Bitcoins, seems legit, but again I think that the majority of the work offered there is offered at such a low wage I wouldn't bother, and the ratio of 'Hiring':'For Hire' is dismal; everyone wants to work for coin, but no one is offering coin for work, and the rates offered on the few jobs that are out there, well, they aren't quite as bad as what the faucets pay... I'll leave off commenting negatively on point 3 for now, and just sum it up as 'not quite ready for prime time'. Instead, I'll address bitcoin as the valuable product and service the community actually provides.
Bitcoin is a perfect example of a bubble. It's only value at present is that it is a proof of concept of a clearly superior mechanism for doing business of just about any kind. This drives excitement, and excitement fuels emotion. Anyone who has ever traded anything knows that emotion drives the marketplace. I say it is a bubble because in and of itself, bitcoin provides no value; yet it is currently trading at or near 400$US/coin. Only that we agree it provides some sort of value makes it valuable. That sounds a bit shady and potentially very risky; but it also happens to be precisely how fiat money works. This is why the banks are excited about the blockchain and not bitcoin. Silly bankers, I think they still don't get it.
A 'bubble' in a financial context is generally a negative description of a market; this is because the market so described is inflated. What they don't tell you is that while a bubble is generally considered 'bad' for an economic sector, a bubble does make a lot of money for some of the people involved. In short, it is an opportunity if you know how to take advantage of it. This requires timing. See 'technical analysis of markets'.
Enough of pandering to greed and need; lets talk a bit about how a regular guy without 150K$US in coin mining equipment can actually use coin to his advantage.
First thing is, don't quit your day job. You're going to need fiat. Period. It's what underpins the value of bitcoin, by design. There won't ever be a world where money is just valuable; unless it's made of pure gold and silver. Get used to that idea, because bitcoin was never meant to replace money, it was always meant as a medium of speculation and exchange; a complement to fiat. This is reflected in it's design.
The first thing for which you'll need fiat in this context is to purchase coin. From an investment perspective, there are three reasons to purchase coin. All benefit from technical marketplace analysis, which is used to do two very useful things: identify highs, and identify lows. Using these two pieces of information one generates signals. There are three kinds of signals: Buy, Sell, and Hold. Anyway, I was not going to talk about greed and need.
So yes, buy coin. Buy it cheap as you can. Then do one of these things with it: 1. Hold it. The overall trend since the beginning has been increased rates of exchange. If you hold it long enough, it will likely mature in value. If you decide to sell it, hopefully it will be for much more than you paid for it. 2. Lend it at interest. This is the functional equivalent of a bitcoin certificate of deposit. You lend the coin at a fixed rate of return and for a fixed period of time. The risks are the same as with any lending you might engage in and are addressed with similar precautions. 3. Sell it when it's high, wait until it's low again, and buy it again. Repeat for as long as you are comfortable speculating.
I know, I said I was finished pandering to greed and need, but this is the thing that bitcoin is perhaps most useful for at this time.
Now to my original point number 2.
Looking down from my lofty perspective of ignorance, bitcoin works a bit like this (experts feel free to chime in here and correct me, I don't have the deepest technical knowlege of blockchain workings). Basically, a wallet is a cryptographic key value pair. Two big numbers. They are typically presented as both strings of text and QR codes. Both are not required; either will work. It is important to realize that the key/value pair is the 'account'. The values themselves. That is where your coin is stored.
This is the thing I missed at the beginning; had I known I could store my coin on paper with keys that have never seen the network, I'd never have lost my original stake. Note the phrase 'keys that have never seen the network'. These are a lot easier to come by than you might think; mine were generated offline in my browser with a little javascript. This also means that if you ever put your private key from such a wallet on the net, it is no longer secure, no matter what you do with the paper wallet. The crypto keys are the account, not the paper they are printed on. The private key is all you need to sweep the value out of it.
When you receive some bitcoin, that's a transaction. This transaction gets encrypted into a block on the blockchain. This encryption is cryptographically 'hot', which is to say it uses an unusually high amount of computational resource. Encrypting such a transaction is what is referred to as 'mining'. Blocks in the blockchain are a specific size, and when one is 'filled' by a miner, s/he creates a new bitcoin. There's more, but here we are at the limits of my understanding.
So, if wallets are so insecure, how do you ever get coin without it being hacked out from under you? Easy, you have it sent to the public address of one of these offline wallets. This is how every key-pair works; the public key is where the money is sent; the private key is how it is sent.
So, you want to spend your coin? It can be done; there are lots of places on the web that accept coin. I know of a very reliable, high quality hosting provider whom I can pay with coin; VPN services seem to traffic a lot of coin; and other things; from what I understand, it is the currency of the so-called 'dark web' (I wouldn't know first hand, never been there myself). Generally though, the way most of us will spend coin, is to convert it back to fiat. This can be tricky. That being said, it is no more tricky than say, selling your euros or your pesos, and perhaps not quite as tricky as cashing out of some stocks on the stock market. I'll leave it to the reader to decide how best to do that, largely because the landscape changes rapidly in that respect.
Which brings us to my final talking point, one mentioned but not one of my bulleted points: Risk. This whole damn thing is risky as hell. Don't tie up any more money with it than you are willing to lose. There are some things you can do that will help mitigate the risk, but not by a lot. Diversification comes to mind. That being said, most such strategies seem to look more like 'make money quicker and get out while you can' than they look like 'protecting my investment'.
Which brings us finally to my closing comments:
These are the personal observations of an internet greybeard. I am not a lawyer, a financial consultant, or an advisor of any kind. If you decide to do anything like I'm doing it, god help you and best of luck to you, you'll need both. I have no track record and less credibility. Come to think of it, I'll add this to my opening comments too.
EDIT: Typo
submitted by UnclaEnzo to Bitcoin [link] [comments]

[WTS] Ukrainian Archangel: 1/10 oz GOLD, 2014 1 oz silver | 1968 Gold Sovereign | Various silver bars: Coca-cola (Houston), Johnnie Walker scotch, Southern Cross poured and pressed | 12 Labors of Hercules

Proof: http://imgur.com/a/toe3I
2014 1 ozt silver Ukrainian Archangels (2 available): $48 each 2013 1/10 ozt gold Ukrainian Archangel: $193 1968 Great Britain Gold Sovereign: $295 Johnnie Walker scotch award bars (2 available): $30 each Houston, Texas Coca-cola bar: $50 Southern Cross Bullion bar (Austrailian company): $25 Southern Cross Bullion poured ingot (Austrailian company): $28 2013 Pegasus Freedom: $23

12 Labors of Hercules

Nemean Lion I: $44 Ceryneian Hind III: $21 Erymanthian Boar IV: $21 Augean Stables V: $21 Cretan Bull VII (1 available): $21 Mares of Dimedes VIII: $21
Buy all for $140: $40 for the Nemean Lion and $20 each for the others.
Shipping is $3. Insurance is extra at cost.
Payment accepted through Google Wallet, Paypal G&S + 3.5%, and Bitcoin. Sorry, no Paypal Friends and Family. It's time we all moved away from that platform. If you have a Gmail account or an Android phone, you already have a Google Wallet account! Now it's just a matter of adding your checking account to allow for instant money transfers.
I'm going to bed now. I'll answer in the morning.
submitted by AgnAustic to Pmsforsale [link] [comments]

Paul Tudor Jones  Gold Bitcoin Bull 2020s - YouTube Gold, Silver and Bitcoin Charts plus Fantasy Sports Stuff entering 2020.07.03 Bitcoin & Gold Bull Markets over? / About the VAT on Silver Gold and Silver Charts for 2020.06.30 The Time Is Now  Bitcoin, Gold & Silver Confirm Bull ...

This week, silver saw a 5% gain and revisited a 3-month high. Gold set a new eight-year high, reaching over $1,750 per troy ounce. The boost in precious Bitcoin has lengthy been known as the digital counterpart to the scarce bodily asset and treasured metallic, gold. However might altcoins be the digital silver to Bitcoin as digital gold? In response to an extremely weird correlation, altcoins are almost completely monitoring alongside silver, albeit throughout totally different timeframes. As Bitcoin’s halving in May 2020 approaches, and if Bitcoin returns to a bull market, then Litecoin could first regain $150. If the cryptocurrencies market returns to a very bullish phase as it did in 2017, then it is likely that Litecoin will climb back to its historical high of $371 and then go even higher. And if crypto-assets like Bitcoin and altcoins remain correlated with precious metals, silver and gold toppling now could be disastrous for the asset class just getting started on a new bull run. Bitcoin, Ethereum, XRP, and Other Altcoins May Fall If Precious Metals Melt Down As cryptocurrencies become more popular, SilverGoldBull.ca has made buying gold and silver with Bitcoin Cash with easy. Bitcoin Cash is a fork of Bitcoin that started in August 2017. To understand why Bitcoin Cash was created, first you need to look at some of the issues Bitcoin faced leading up to the fork.

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Paul Tudor Jones Gold Bitcoin Bull 2020s - YouTube

AMAZING trading system with two alt coins https://youtu.be/P7XDpbhng2w Part One of Trading Series https://youtu.be/M8iKAxdAEQ0 BITCOIN (BTC) wallet 371sY35Jk... AMAZING trading system with two alt coins https://youtu.be/P7XDpbhng2w Part One of Trading Series https://youtu.be/M8iKAxdAEQ0 BITCOIN (BTC) wallet 371sY35Jk... Learn about Gold, Silver, and other Precious Metals with our FREE GUIDE: https://SDBullion.com/book -- #GoldMarket #Bitcoin #PaulTudorJones Coinbase is the Best way to Buy Bitcoin. Use the affiliate link Below and get $110 worth of Bitcoin when you buy $100. I also make $10 for inviting you to join so its great for both of us! https ... AMAZING trading system with two alt coins https://youtu.be/P7XDpbhng2w Part One of Trading Series https://youtu.be/M8iKAxdAEQ0 BITCOIN (BTC) wallet 371sY35Jk...

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