(06-22-2016 03:04 PM)Disco_Volante Wrote:  I get my bitcoin debit card in the mail in a few days. I'll be able to withdraw instantly from online sportsbook directly to a debit card to use as cash. It's like Christmas for me.

What's a bitcoin debit card? which one? Do you replace your bitcoins after you spend them, or just spend them? Is there any advantage in using a bitcoin debit card rather than just a regular debit or credit card?

Personally, I find it easier to spend with regular debit credit cards, but I would not necessarily be opposed to using a bitcoin debit card if there are some advantages. One of the disadvantages in spending bitcoin, as far as I understand the situation is the tax implications for bitcoin to be treated as capital gains type asset, and therefore would require a certain amount of onerous record keeping, potentially.

So far in my bitcoin experiences, I have replaced all of my bitcoins after I spend them, and I am of the belief that replacing them in a fairly timely manner gets me out of having to report capital gains (or losses).

Your two most recent posts have almost no constructive value, and seem to serve as gloating opportunities.

Yes, there are ups and downs in bitcoin, we already know that, so chiming in on a correction does not really serve an purpose, especially when your posts lack substance.

(06-22-2016 05:59 AM)Satoshi Wrote:  Buy some bitcoin god damn it Jay wants to be rich already.

Yes, you seem to be attempting to find some negative motives regarding my attempt to share bitcoin information (mostly bullish, I admit), when this has already been responded to many times...

(06-22-2016 03:54 PM)Satoshi Wrote:  Nice guys!

Yes, gloating and/or patronizing with no substance, and the appearance of judging and attempting to discourage substantive bitcoin discussion in this thread.

I just run across this article regarding Gemini moving into the U.k., and so I would like to supplement my earlier answer (attached below).

http://www.newsbtc.com/2016/06/21/gemini...llow-soon/

(06-19-2016 06:42 PM)JayJuanGee Wrote:  

(06-19-2016 06:29 PM)Perfectionist Wrote:  What is the best and safest way to buy bitcoins... and what do you guys use to moniter its price etc...

I've recently provided a list of the bitcoin services that I use from within the USA.

https://www.rooshvforum.com/thread-21537...pid1324510

If you are in the UK, there may be some other services available to you that may be similar to ones that I use.. and some of the ones I use may be available in the UK.

I believe that Kraken is good and available in the UK

I believe that the author of OP is from the UK but he has not chimed in here for nearly two years.. and he used to use some other services in the UK.. that may or may not still be available.

Regarding monitoring, you can use any of the exchanges.

There are a number of other monitoring services including the below three that I regularly use:

http://bitcoinity.org/markets/bitstamp/USD?theme=dark

https://bitcoinwisdom.com/markets/bitstamp/btcusd

http://bitcoincharts.com/charts/bitstamp...10zm2g25zv

For the Iphone bitcoin ticker and zeroblock are decent apps that I use.

Jayjuan - I got the card from bitpay.com

You send BTC to it online, then it converts it to cash for you automatically at the going exchange rate, so you use it like any other visa.

This is exactly what I need for sports betting, as now I can withdraw extremely fast and spend it if I want. It's just faster instead of selling it in bulk over several days IMO.

I've never seen a post with constructive value from you.

The amount of sniping comments in this thread used to bother me, but now they make me laugh out loud and look forward to reading through every morning.

Continuing to nibble in $500 into BTC and $250 into ETH at a time.

(06-23-2016 02:07 AM)booshala Wrote:  The amount of sniping comments in this thread used to bother me, but now they make me laugh out loud and look forward to reading through every morning.

Continuing to nibble in $500 into BTC and $250 into ETH at a time.

You may want to seriously reconsider the proportion of money that you are putting into Ethereum...

I could be wrong, but it seems to be a disaster waiting to happen. The DAO is one aspect, but another aspect is the level of centralized control over the coins and their reaction to the DAO that demonstrates way too much centralized control that is likely going to continue to get them into various pickles.

I personally do not have any money in ETH - and 10% to 20% should be the maximum that anyone would consider if they are considering downside risk with that baby.. so yeah, it could be pumped into oblivion, again.. yet you gotta be careful regarding the fairly lacking of fundamentals, beyond the speculation components.

(06-23-2016 02:34 AM)JayJuanGee Wrote:  

(06-23-2016 02:07 AM)booshala Wrote:  The amount of sniping comments in this thread used to bother me, but now they make me laugh out loud and look forward to reading through every morning.

Continuing to nibble in $500 into BTC and $250 into ETH at a time.

I could be wrong, but it seems to be a disaster waiting to happen. The DAO is one aspect, but another aspect is the level of centralized control over the coins and their reaction to the DAO that demonstrates way too much centralized control that is likely going to continue to get them into various pickles.

What was their reaction to the DAO?

Did I miss something, as far as I know, no actions were taken so far and I hope they keep it this way.

DAO is not ETH.

DAO is a company, which used the technology.

DAO went bankrupt because there was an error in their contract.
People lost money because they invested a lot of money in a company without doing due-dilligence.

I am certain, everybody learnt a lesson here.
The same way we learnt a lesson after Mt. Gox.

Overall, ETH did not crash. Yes, it took a hit last week. But it's stable since the last few days.

What about BTC? Oh yes, it also crashed in the last few days...

By the way, this is a good read regarding the DAO situation:

Quote:First, we have to lay out the facts. Ethereum and the DAO are two separate things. Ethereum is the underlying computer protocol, with its own unique blockchain. It exists for one purpose: to allow code to be executed across a gigantic network of computers.

The DAO is one of the first programs to run on the Ethereum network. “DAO” stands for “Decentralized Autonomous Organization” – it’s a new type of company, specifically designed to be run as an “autonomous organization.”

This is crucial:the DAO is a company. It’s a company without humans. That’s the point. No part of the DAO exists outside of the code. The company is the code. Investors can choose to fund the company by sending it money.

The DAO was not hacked. It simply executed its code, and by doing so, it went bankrupt. It was a bad business model. The DAO was only a failure from the standpoint of its investors. From a technical standpoint, the DAO worked seamlessly.

........ read more

Ray

(06-23-2016 01:55 PM)Ray Carlton Wrote:  

(06-23-2016 02:34 AM)JayJuanGee Wrote:  

(06-23-2016 02:07 AM)booshala Wrote:  The amount of sniping comments in this thread used to bother me, but now they make me laugh out loud and look forward to reading through every morning.

Continuing to nibble in $500 into BTC and $250 into ETH at a time.

I could be wrong, but it seems to be a disaster waiting to happen. The DAO is one aspect, but another aspect is the level of centralized control over the coins and their reaction to the DAO that demonstrates way too much centralized control that is likely going to continue to get them into various pickles.

What was their reaction to the DAO?

Did I miss something, as far as I know, no actions were taken so far and I hope they keep it this way.

DAO is not ETH.

DAO is a company, which used the technology.

DAO went bankrupt because there was an error in their contract.
People lost money because they invested a lot of money in a company without doing due-dilligence.

I am certain, everybody learnt a lesson here.
The same way we learnt a lesson after Mt. Gox.

Overall, ETH did not crash. Yes, it took a hit last week. But it's stable since the last few days.

What about BTC? Oh yes, it also crashed in the last few days...

By the way, this is a good read regarding the DAO situation:

Quote:First, we have to lay out the facts. Ethereum and the DAO are two separate things. Ethereum is the underlying computer protocol, with its own unique blockchain. It exists for one purpose: to allow code to be executed across a gigantic network of computers.

The DAO is one of the first programs to run on the Ethereum network. “DAO” stands for “Decentralized Autonomous Organization” – it’s a new type of company, specifically designed to be run as an “autonomous organization.”

This is crucial:the DAO is a company. It’s a company without humans. That’s the point. No part of the DAO exists outside of the code. The company is the code. Investors can choose to fund the company by sending it money.

The DAO was not hacked. It simply executed its code, and by doing so, it went bankrupt. It was a bad business model. The DAO was only a failure from the standpoint of its investors. From a technical standpoint, the DAO worked seamlessly.

........ read more

Ray

Are you here to talk about bitcoin or to pump Ethereum?


There are other threads for Ethereum, or you could create your own thread.

My main point regarding Ethereum, earlier was that there were plenty of signs that there is considerable centralizations and problems that are likely to come home to roost... and some of those problems showed themselves through some of the reactions to the DAO situation, including serious discussions of forking Ethereum and also various insider trading issues including Vitalik and others disclosing insider information to exchanges in an attempt to get them to freeze ETH / DAO trading.

Sure guys can choose to invest in Ethereum or some other alts, but this thread is supposed to be about bitcoin, so any discussions in this thread should relate to bitcoin, rather than attempts to either promote or defend ethereum (Unless of course you are attempting to help to educate people on bitcoin related matters)

Are you attempting to argue that Ethereum is superior to bitcoin? Are you trying to suggest that ethereum is bitcoin 2.0?

Are you trying to suggest that guys should invest 33% or more in Ethereum as compared to bitcoin, which seems to be what Booshala is doing, based on what he said in his post?

My reaction was mostly to Booshla's disclosure that appeared to be a 33% allocation to Ethereum and a 66% allocation to Bitcoin, and I was attempting to suggest that amount is probably too much - and also that 20% would probably be on the heavy end...

sure in the end, guys can choose to invest how they want, and if they choose to invest for purely speculation and gambling, that is a different story as compared with fundamentals, and unless we change the name of this thread, if we are getting into ETH fundamentals in order to pump it or promote it, then that should probably be taken to another thread, don't you think?

Here's three mainstream articles discussing some recently raised seed money intended for Circle's expansion into China, and Circle will be entering into some kind of partnering arrangement with search engine Baidu.

Interesting and bullish for bitcoin, in my opinion.


http://www.usatoday.com/story/tech/colum.../86261412/


http://www.bizjournals.com/boston/blog/s...ds-to.html


http://www.forbes.com/sites/laurashin/20...168cfc4b2c

Anybody familiar Ripple or XRP? Is it publicly traded, how would one invest??

Here's an article describing some of Bitcoin's biggest venture capitalist investments of 2016, and apparently the dollar amount for 2016 is a bit lower than the equivalent 2015 period. If not bullish, it is at least informative regarding who some of the biggest investors are and the kinds of investments that they are making.

http://bravenewcoin.com/news/bitcoins-bi...16-so-far/

(06-23-2016 04:09 PM)DimeBait Wrote:  Anybody familiar Ripple or XRP? Is it publicly traded, how would one invest??

Wasn't Ripple that crypto that was highly touted in 2014 to be Bitcoin 2.0, and to pretty much take over bitcoin's market cap, but then it got caught up in some scandals and also some demonstrations that it was considerably manipulated?

Yeah invest in Ripple if you like, but maybe you will be fortunate enough as to not be able to figure out how to invest in it? Then likely save yourself some money and headache..

Oh, yeah, you are not interested in investing in bitcoin because it's price is in the upper $600's, but yeah maybe Ripple might be a better value since it only cost $.006 per XRP?

Also, to the extent that your question about Ripple relates to Bitcoin, can you explain?

Even though the concepts are fairly technical (and accordingly somewhat abstract), I think that the below linked blog post provides a decent current status update regarding Segregated Witness.


https://bitcoincore.org/en/2016/06/24/se...ext-steps/

The Brexit vote seems to have caused some temporary redistribution of wealth/capital flight..

and yeah, we will see where that wealth goes in the long term and how it becomes distributed...

so far some wealth (capital) seems to have gone into bitcoin, yet that movement could either be temporary or merely an appearance of such wealth redistribution into bitcoin?

http://www.zerohedge.com/news/2016-06-25...ees-safety

This is an interesting 1.5 minute audio clip of an investment advisor describing bitcoin as an area of interest because it appears to be an "uncorrelated asset."


https://www.youtube.com/watch?v=dis3pV1Z...e=youtu.be

Previously, I had not really followed too much that Reggie Middleton had said or predicted, but in this interview, he seems to have a lot of decent insights concerning the current status of the crypto space.. .commenting on bitcoin and ethereum and a bit about the brexit matter.

Despite the title of the article, it does not seems to be too much of a comment about the Euro, but instead discussion of various impacts of peer to peer financing.


https://news.bitcoin.com/reggie-middleto...exit-euro/

I found the below linked article to be very interesting, and kind of a layman's presentation of the value of bitcoin.


https://medium.com/twib/this-week-in-bit....82lv8l3u6

There is a bit of comparative discussion of the current state of Ethereum as compared with bitcoin. There is a summary of current about to be implemented bitcoin protocol changes, and also the 3.5 minute news video in the end, is a decent watch.

The first three quarters of the below attached article has a decent discussion of the current status of bitcoin and some decent graphs showing BTC investments and price performance.




https:[email protected]/price....a7zkk9y3g


The last part of the article get's into discussion about Ethereum, and surely that is likely to be expected since the source of the article (Pantera Capital) is one of the major Ethereum investors.

The article linked within the below linked reddit thread, describes very large increases in local bitcoin trade volume occurring in several countries, and notes that Norway's volume has nearly doubled.



http://www.reddit.com/r/Bitcoin/comments...n_several/


Seems sufficiently bullish to me, and worthy of addition to this thread. Furthermore, increased trade volume on local bitcoins seems to imply the potential for increases in the BTC prices - except if the increased BTC trade volume was coming from folks wanting to dump their BTCs.

I'm not sure if I had already posted a link to this article, but I just read it again recently, and it is a decent write-up regarding the perilous times involving MTGOX.

The essence of the article describes how Mark Karpeles took over MTGOX in a deficient state, and seemed to have taken a few risks that did not pay off.

Even though this article has a decent and plausible rendition of events, there could be some seriously missing facts that would considerably change some of the depictions contained therein.

http://www.thedailybeast.com/articles/20...t-gox.html

Bitcoin is experiencing another uptrend, while European markets remain in toil.. including Deutsche Bank ...

http://www.zerohedge.com/news/2016-06-30...ecord-lows

Actually, it is going to be interesting to see how easily (or not) Bitcoin's prices get passed resistance points around $685, $780 and then $850....

Prices are currently uprising within the past few hours from lower $630s to $669, as I type.

If we get passed each of the above mentioned current resistance points, then likely we gonna be sailing towards the territory of $3k plus coins.

On the other hand, we cannot count our eggs before they are hatched... because until we are passed each of those above mentioned resistance points, they still remain in place, and we could well experience some battle(s) at any or all of those price points.

Right now, the price seems to be going up, and the resistance seems to be like cutting through butter, but many of us familiar with bitcoin's price performance likely realize that explosive price uptrends like these can stop at any minute, reverse, and/or become stagnant.

The below linked article does not mention bitcoin as a potential safe haven, but it describes the US financial situation and the china financial situation as the two potential precarious upcoming black swan events.


http://www.zerohedge.com/news/2016-06-27...re-horizon

The below linked article (click on article in the link) and comments may be a bit of a repetition of some earlier ideas asserting why bitcoin is a good asset to have in your investment portfolio, whether you keep only a small amount (such as less than 1%) or a large amount (approaching 50% or more).




http://www.reddit.com/r/Bitcoin/comments...e_bitcoin/

Personally, I would not recommend starting out by investing in bitcoin with any more than 10% of your total quasi-liquid investment funds - but if bitcoin appreciates while you are invested into it, there may not be a need to diversify out of it, unless maybe your total quasi-liquid investment value becomes too lopsided in bitcoin, such as having 70% or more in bitcoin. But, yeah, every guy is going to be different in terms of risk profile, timeline and overall financial circumstances.