Living on Bitcoin

TDK

You still check your yahoo account?

Is it Bitcoin an east coast and other big city as well or can you use everywhere in the nation? It's my understanding that not all business have capability or desire to take it. Can you trade it? If you live in states where bit coins is not used, how can you participate in the game. I would appreciate if you can shade a light on this

Thx

 

Yeah haven't been on that email in awhile. Bitcoin is everywhere since it exists on the internet, it's digital.
A lot of businesses are using it making it easier to use for your daily uses. You can trade on platforms like Bittrex and Polonex

It would help if you told me your goals with it

 

@The Dark King what do you think of Jamie Dimon's remarks that Bitcoin is a fraud? Personally I think he's talking it down in public to depress value then buying blocks of it in private.
https://www.bloomberg.com/news/arti...ys-he-d-fire-traders-who-bet-on-fraud-bitcoin

 

Ding ding ding give the man a prize. He's a speculator and gets rich off of shit like this. RBS did the same thing earlier in the year trying to start a sell off because they saw a crash coming. There is not a financial group on earth that would ever warn investors they make too much money that way.
The market is getting bearish but for me the big earning opportunity will be when either the housing bubble stock market bubble or student loan bubble goes. It will make 08 feel like a picnic but if you have capital to invest you're going to see a huge up tick in overnight millionaires and billionaires and possibly the first string of trillionaires by 2025

 

Trying to dabble in it a little and invest more as I get more knowledge

 

Hey, Dark King. Exactly what is a BIT COIN??

Is it like a stock investment?? Or is it an alternative currency????

Why does its value seem to continue increasing and why does JP Morgan's Jamie Dimon hate them so much???

The fact that the CEO of JP Morgan is so dismissive of bitcoins has piqued my interest.

 

Hmm, where do I invest?

 

Just got my digital wallet. I'm using Coinbase.

 

What's the most popular and/or best digital wallet? @The Dark King

 

Well best is subjective but a lot of peeople like the blockchain wallet

 

Welcome to the fold fam

 

Started playing with Ripple. When Coinbase starts working with it, it's going to go up.

Wish I had bought some Bitcoins back when it was doable for me.

 

Its still doable. Do the research fam. The train ain't stopping any time soon.

 

Because of the Coup in Zimbabwe and their currency now being worthless, Zimbabweans have turned to Bitcoin in desperation for goods, jacking it to over $13,000 a coin there. Crazy.

 

Not too shabby for fake internet money.
Btw it was around 500 bucks when we started this discussion

 

I'm still trying to get my head around the fact that it's a limited Supply - that once the 21 million Bitcoins are mined, the mine 'destructs' - there is no more Bitcoin 'minted'.

Then when l read that most of the Bitcoin is not in circulation, followed by the fact that only a few people own the majority of the Bitcoins (including the Japanese guy and that one family, can't remember their names)

Then there's still the fact that they're not guaranteed from loss or theft.

Finally, how does a golbal and local society function when money moves anonymously, with no concrete tracking, no taxing, no accountability for where this crypto-currency is being used...do you think that's going to be how money is transactioned in future society?
IDK, Bitcoin to me is just like a trading stock.

 

Not trying to pick a fight but seriously everything you just wrote is false

 

Im not picking a fight either, just relaying what ive read..
I did find the guys name...

The world's largest bitcoin holder. This honor is thought to belong to bitcoin's shadowy inventor Satoshi Nakamoto, who is estimated to have mined 1 million bitcoins in the currency's early days. His stash is spread across manywallets.
Dec 18, 2013

"Once it was released into the wild, the bitcoincurrency ecosystem operated on a public, inalterable schedule. We know exactly how many bitcoins there are in existence today(12,446,725) and how many there will eventually be in total: when the 21 millionth bitcoin is minted, the plates automatically self-destruct.Mar 5, 2014."

Also the family l noted is the Winklevoss Twins.

Interesting article on ownership written last month...

https://cointelegraph.com/news/who-...satoshi-nakamoto-to-winklevoss-twins-and-more

A chart from the story...

 

Well if this was just a money grab for the inventor he probably would have cashed out long before now and even did hold the worlds largest stake so what. No one is crying over Zuckerberg or Gates owning majority shares of their companies. And bitcoin isn't a stock think of it more like gold which isn't subject to shareholder manipulation like stocks. And its great there is a finite amount so someone can't manipulate the value. The problem our economy has is you can print money whenever you want giving total control to the printers not the market or the people.
I have no problem with the Winklevoss twins having as much as they do since its a relatively small stake the value is crazy though. They're gonna make more money with bitcoin than they ever would have with facebook. You can quote me on that.

 

Btw the way those top 100 addresses are usually exchanges like coinbase no different than a bank. How much of the world's money do you think Chase and Citigroup have?