• Breaking News

    Monday, November 20, 2017

    Bitcoin 1BTC = 8000USD on GDAX

    Bitcoin 1BTC = 8000USD on GDAX


    1BTC = 8000USD on GDAX

    Posted: 19 Nov 2017 10:03 AM PST

    Congrats to hodlers everywhere!

    submitted by /u/swirlybuns
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    Lightning strikes 18 months early.... ZAP ftw

    Posted: 19 Nov 2017 09:53 PM PST

    This scam is unacceptable. Let's do something about this!

    Posted: 20 Nov 2017 01:10 AM PST

    So you want in on bitcoin?

    Posted: 19 Nov 2017 11:19 PM PST

    Guide for Noobs

    Simple and Not A Lot of Money

    • setup an account on coinbase.com, buy your coins, walk away until next year or later, fees are ~1.5% which is $1.5 USD for a $100 USD of coin
    • note coinbase does have an option to buy via credit card instead of a bank account, fees are ~4% when you do that

    Guide for Not Noobs

    Less Simple

    -setup an account on coinbase.com, move dollars into your account, setup an account on gdax.com (same company, same login), move your cash from coinbase to gdax, buy your coins on GDAX at Market, fees are cheaper 0.25% versus 1.5%

    -consider buying alternative coins supported by coinbase

    No Fees

    -all of the above but use GDAX's Limit/Buy, zero fees, but you have to wait for the market to dip below your buy price

    More Money Available

    -setup several Limit/Buy orders at different price points to capture dips when you are away

    More Control but More Complex

    -it's possible coinbase could go out of business, they are FDIC insured up to $250k USD which includes non-USA people, however stranger things have happen, move some or most of your coins to a personal hardware wallet like a Trezor or Ledger Nano S, made in Czech Republic and France respectively

    -consider using other exchanges like Gemini, Bitstamp, or Kraken with different fees and coin support

    -consider buying other alternative coins supported by other exchanges

    You Are Very Responsible

    -create a paper wallet, put it in a safe, be warned it's like a visual bearer instrument, if you lose it or someone takes a picture of it...it's gone, but you have complete control over your money/asset

    DO NOT EVER

    -buy more than you can lose, it's early wild west days, the market could easily come crashing down

    -panic sell, the market fluctuates regularly by 20%, thus far it has ALWAYS recovered, people that try to sell during a fall/dip and buy at the bottom usually miss time it and lose

    -store your keys on your computer or phone unless its small amount, these are the two most vulnerable routes to hacking and simple hardware failure resulting in loss

    -attempt to daytrade and time the best prices unless your real life job is day trading

    -get addicted to watching the market, pay attention watch for dips, but don't let it crowd out your work or free time

    -keep a LOT of cash or coin in an exchange, it is very easy to mistype and buy or sell far more than you meant to, exchanges can disappear with your coins

    -buy a hardware wallet from anyone other than the company who makes it, i.e. do not buy one on Amazon, it is possible some third person hacked it and could steal your coin

    PROBABLY DON'T

    -limit sells until the far future when market volatility is down, flash crashes have happened and recovered, if you had all your coin in limit sells it would be gone

    -margin trade unless your real life job is day trading

    -stop buys or stop sells unless your real life job is day trading

    DO

    -hold your coins, your coin may be worth x10 or more in value in the future, e.g. if bitcoin replaced gold, bitcoin would be worth ~x70 the current value

    -buy small amounts over time DCA, this might not seem intuitive but it spreads your risk out, reduces risk of buying at all time highs (ATH) and more likely to catch lows (dips), a fluctuation of $100 in price is small if the eventual value is worth x10 or more in the future

    -keep a small amount of cash on an exchange always, when there is a lot of traffic/trading which happens during dips, you are much more likely to be able to make trades on an exchange rather than with your own wallet

    REMEMBER

    -if you don't have your coin in your own wallet, it's not your coin. this is not a problem until you have a lot of value and you want to keep it safe from a bankruptcy, unscrupulous people/exchanges, or unforeseen acts. if it's a small amount compared to your income it's an acceptable risk, if not then move it to a wallet

    -in the days of fake news not everything you read is true, in fact there are armies of people shilling for 'pick a random coin'; some are malicious, some uninformed, and some willfully uninformed

    -if your value starts to become large, dig deep into how your asset/currencies work just like you would for any other purchase, understanding how it works helps you understand if it will be a success, e.g. understand the difference between PoW vs PoS or what a hard fork is

    -some coins especially newer ones are scams, a good indication of if it is not a scam is how long the coin has been around

    -most bitcoin hard forks so far have not been successful with some exceptions

    -btc is the accepted short-name for bitcoin on most (but not all) exchanges

    Other Risks

    -note that most of the development on bitcoin is by employees of one company, it is open source but their priorities may not align with the community

    -holding your own coin requires personal responsibility, it is easy to lose and not be able to recover it if you are not careful

    -again, do not buy more coin than you can lose

    -transaction speeds which are slow are a serious problem in bitcoin scaling

    -there is less innovation and more argument going on in bitcoin than some other coins, bitcoin is large enough that consensus is difficult, future change is less likely than with some other coins, there are other side solutions to bitcoins problems that may not require bitcoin to change much

    -bitcoin.org IS the official bitcoin website, NOT bitcoin.com

    -important other risks compiled by /u/themetalfriend

    Community

    there are a lot of memes

    -hodl, GameKyuubi mistyped hold and it spread

    -to the moon, where everyone hopes the price will go

    -coin on a rollercoaster, it is highly volitile market you will see this during fluctuations

    -lambo/roadster, a car people want to buy when they get rich

    -the cost of pizza, early days someone bought a pizza for 10,000btc which is worth over ~80million USD today

    -tesla/vehicle with a bitcoin chart, /u/cytranic posted a picture that spread

    Good Luck and Hodl.

    Please comment if your experience is different. Or call out things I missed.

    Edit: Adding in user comments.

    Edit: Crosslinking to a more Beginner Version.

    submitted by /u/cryptocurrencypeople
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    BTC $8000 USD

    Posted: 19 Nov 2017 10:03 AM PST

    In light of BTC hitting $8K, a reminder that only a week ago it was down to $5.5K. Here's to those who bought the dip!

    Posted: 19 Nov 2017 10:17 AM PST

    #Core is not a group of specific individuals, but rather a rigorous process for open, transparent, quality assured development of #Bitcoin

    Posted: 19 Nov 2017 05:22 PM PST

    [Warning] A fake Electrum client is being advertised by Google.

    Posted: 19 Nov 2017 11:24 AM PST

    See this image: http://samguichelaar.com/ElectrumScam.png

    When searching for Electrum, the first result is a scam client.

    It's a crawled version of the real electrum website. The signature of the fake version does not match the real version of Electrum


    Real Version: https://electrum.org/

    Real Signature OS X Version: https://download.electrum.org/3.0.2/electrum-3.0.2.dmg.asc


    Fake Version: https://www.electrumclient(dot)org/#home

    Fake Signature OS X Version: https://www.electrumclient(dot)org/electrum-3.0.0.dmg.asc


    On the fake page, the SSL certificate was created on Wednesday, 8 November 2017. 11 Days ago.

    On the real page, the SSL certificate was created on Tuesday, 20 December 2016.

    On the fake page, the social media buttons do not work, not does it have the 'Page source' button the real version does have.

    Find more information and post below. Spead the word and upvote to make this post visible. This isn't begging for karma, for all I care the mods make a new post and sticky that one. I just don't want good people who just joined the bitcoin train to get scammed by this.


    Please do a Google search and let me know if this scam site shows up on your end too.

    Edit: Report this to google and explain to them why these fake ads are so damaging.

    https://support.google.com/adsense/contact/violation_report

    submitted by /u/Samtulp6
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    I turned $36,000 into $136,000. Thanks Bitcoin

    Posted: 19 Nov 2017 08:08 PM PST

    Soon

    Posted: 19 Nov 2017 10:28 AM PST

    Bitcoin Vs Tesla - An endless "bubble"

    Posted: 19 Nov 2017 04:29 PM PST

    Bitcoin is a cult crypto just like Elon's TSLA. All these banks trying to short it with fundamentals are fighting an endless bull trend it seems!

    Shows you how revolutionary technology can impact the world!

    https://blog.rublix.io/why-the-crypto-bubble-theory-is-a-bust-9170f6137c2f

    submitted by /u/wacknigger
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    Andreas Antonopoulos should be nominated to win a Nobel price prize.

    Posted: 19 Nov 2017 08:52 PM PST

    Andreas preaches financial responsibility for people and governments. He has dedicated his life to make the world a better place through his seminars and public speaking events. Anyone that has listened to this man knows what I mean.

    submitted by /u/mrjimmy77
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    To all the crypto millionaires, billionaires, trillionaires etc etc.

    Posted: 19 Nov 2017 11:02 AM PST

    There is one thing that won't change no matter how many bitcoins you have or how much it soars: your health. It is about time that you start exercising, doing yoga/meditation, going out more, eating better food, having better posture, being joyful all the time, overall just being a casual easygoing person. You need to shed the weight of the millions/billions/trillions you carry, IMHO.

    EDIT: To explain further, it isn't the first time that people have become fabulously rich in such a short time. All throughout history people have found fortunes virtually overnight. And almost always, they end up worse than they were before. Learn from history my dudes. You can only enjoy your wealth to the extent your body allows it. So, keeping your body in the best possible position should be the no. 1 priority right now, not whether bitcoin is going to hit $100K or $1 mil, IMHO.

    submitted by /u/svayam--bhagavan
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    We should be measuring in mBTC

    Posted: 19 Nov 2017 02:11 PM PST

    On a psychological level, I think people seeing $8000 makes them think it's way too late to get in. But if they saw $8 (the price of one mBTC), people new to the space would be more likely to buy in.

    Assuming you guys agree, what would it take for exchanges and coinmarketcap.com to show units in mBTC?

    submitted by /u/Linkamus
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    1 in 1000 of all the money and wealth on Earth is now cryptocurrency, which only emerged 7 years ago.

    Posted: 19 Nov 2017 10:13 PM PST

    The cryptocurrency market today is $250b, and the total wealth of the world in 2015 was estimated to be $250trillion by Credit Suisse in their annual global wealth report.

    https://publications.credit-suisse.com/tasks/render/file/?fileID=F2425415-DCA7-80B8-EAD989AF9341D47E

    submitted by /u/987654321234567
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    For my fellow pc enthusiasts, Newegg accepts bitcoin!

    Posted: 19 Nov 2017 03:52 PM PST

    I have given my 9 year old daughter 1 BTC each year for the past two years

    Posted: 19 Nov 2017 05:44 PM PST

    We've watched Banking on Bitcoin together and she's listened to me talk to her as much as I can on a level to keep her attention, slow and steady. She's now genuinely interested in this space and as I work away in another country it's one of the great talking points for us to catch up about. I have also put away cash savings in her bank account but have taught her the fundamentals behind this technology. I heard her explaining to her mum about how it works from mining bitcoin to Satoshi and the whole mystery etc and it just blew me away how well she understood everything. She's no stranger to technology and has been using an iPhone with ease from age 2 and even lately started selling slime to kids at school until the teacher shut it down. I love her entrepreneurial skills. Kids understand this technology even if they don't understand how the current fiat system works but they can figure out that someone printing more money is making your money worth less and having a finite supply is the future.

    The thing is, she's already asked if she's getting another bitcoin next year and I don't know how long I can sustain this for lol

    submitted by /u/tradenz
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    Lighting network was created to address transaction speed and overall scalability. Soon Bitcoin will be both digital gold and #the digital currency.

    Posted: 19 Nov 2017 11:20 PM PST

    What a golden potential we have!

    Posted: 19 Nov 2017 09:40 AM PST

    Super low fees .. nobody is talking about it now?

    Posted: 20 Nov 2017 02:45 AM PST

    Backlog is almost clear and fees are super low. Where are the haters now?

    https://blockchain.info/unconfirmed-transactions

    Go, Bitcoin, go!

    submitted by /u/bitcoin-panda
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    When people say Bitcoin is a bubble....This image shows the number of transactions. You can inflate anything you want folks, but you can't inflate transactions at such a steady growth volume over the course of 10 years. Bitcoin is not a bubble.

    Posted: 19 Nov 2017 05:15 PM PST

    Bitcoin price tracker for less than $10 no additional parts. Code in comments

    Posted: 20 Nov 2017 12:04 AM PST

    I'm a five star coin

    Posted: 19 Nov 2017 10:21 AM PST

    Bloomberg: Bitcoin Soars Past $8,000 as Technology Shift Concern Vanishes

    Posted: 19 Nov 2017 01:20 PM PST

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