Bitcoin prediction reddit in investors magazine - insider tips Bitcoin prediction reddit is letter of the alphabet late. With A proven track record and a mature approach to the industriousness, we provide reliable trading of cryptocurrencies. There is no general throttle when to buy cryptocurrencies. Bitcoin prediction reddit (often abbreviated BTC was the intermediate example of what we call cryptocurrencies today, a healthy asset class that shares some characteristics with traditional currencies get rid of they square measure purely appendage, and introduction and ownership verification is based off gasthausamflughafen.dey the term. On the Bitcoin predictions reddit blockchain, sole a user's public key appears next to a transaction—making written account confidential simply not anonymous.
Bitcoin 2019 prediction redditBitcoin ? : Bitcoin
Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core.
You can also use Bitcoin Core as a very secure Bitcoin wallet. Check out his other work here. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended.
As of now, If you have ideas for the remaining BTC, see here for more info. I am a time-traveler from the future, here to beg you to stop what you are doing. Bitcoin should not be treated as an investment, it should be recognized as a speculative negative-sum game. The Bitcoin system currently consumes an estimated 3.
This enormous consumption of electricity is indirectly paid for by people who invest their savings in Bitcoin, as a consequence, money is continually "leaking" from the system. As a Bitcoin investor, you're paying for Chinese businesses to waste electricity by solving an abstract math problem that is designed to get continually more difficult.
Besides ensuring that many people lose vast sums of money while a small minority of early adapters is enriched, Bitcoin causes tremendous ecological damage in an era when we should be focusing as a society on reducing our carbon emissions. The Bitcoin developers responsible for updating the protocol appear to have no genuine intention to introduce code changes that reduce the ecological damage caused by Bitcoin mining, so my suggestion has to be to sell your Bitcoins, which indirectly has the effect of reducing the ecological damage caused by Bitcoin mining.
Theft and loss of coins are also enormous problems affecting Bitcoin, so although it is theoretically possible to store your coins in a safe manner, history has shown that a lot of people will simply lose their coins, further illustrating why Bitcoin is not a good investment option.
The other cryptocurrencies share most of Bitcoin's flaws resource waste, no protection against theft or loss, vulnerable to market manipulation, etc , but most importantly, what sets cryptocurrencies apart from proper investments is that these coins don't produce anything. If you invest in a company, that company can use the money to deliver more products.
If you buy, silver, gold, bitcoin or beanie babies, you're hoping someone else will come along one day and pay more money for it. History has shown that people who invest money in the stock market will generally end up witnessing much higher returns than people who buy gold. With that said, I hope this story has entertained you and helped you recognize some of the problems our society would face if we ever witnessed widespread adaption of Bitcoin or similar digital currencies.
I am sending this message from the year Things are looking bleak here, and some of you will carry blood on your hands. If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be. On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1, dollar in , to 10, in , , in , and 1,, in From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter.
There are two main forms of wealth in today's world. Land and cryptocurrency. There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0. However, due to the unequal distribution of wealth in my world, the mean person owns just 0. That's right, most of you reading this today are rich.
I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel.
Well, by the time Bitcoin became worth 1, dollar, 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.
Friedman rules as a king. In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens.
Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin.
Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money. The four institutions with the largest still accessible Bitcoin balance are believed to be as following:.
Why is this? If you own more than 0. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy.
What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency.
Ironically, these terrorist movements use Bitcoin to anonymously fund their operations. Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin.
Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer.
After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy".
The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones.
What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it. You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust.
I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance.
Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite. It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you.
You believed you were helping the world by eliminating the central banking cartel that governs your economies. Even better than the original post. Should have seen this one coming a mile away and somehow did not. You'll come to regret that I'm taking reservations for the citadel I plan to have built for me by the peasants. Pm me for details ;-. Isn't the hash of a block dependent on the order of transactions in that block? If so, the tip he caused here and the other tips he got might have changed the whole order of transactions and disrupted the blockchain timeline.
Unless he originally came back in his own timeline also, in which case the whole plea is pointless because he failed to change anything the first time around. But he already has so many blocks that he can send the ones he has and instantly creating a longer chain making those tip transactions invalid. Then he can go into tomorrow and come back and post a hash of the hash, and tomorrow we could check.
According to multiverse theory there is no possible way to accurately predict the future of the current timeline you are in. If that principle holds, the whole plea is pointless because he failed to change anything the first time around.
With the collusion of a miner, you could influence the reported time and the block size, but you couldn't determine the hash. You could try and throw it off by initiating some random extra transactions and hoping they make it into the block in question - they wouldn't have existed in the original timeline without an arriving time traveller to prompt you to do it and that would change the hash away from his prediction. If the hash comes out as a match regardless, then first of all, we know he's definitely a time traveller, but just as definitely we know that we're living in a "single timeline universe" model of time travel, where everything including time travel happened only once and all attempts to change the past just end up either failing or ironically causing that which they sought to prevent.
If it comes out different, then we can't prove anything about whether or not he's a time traveller, but we can at least have hope that if he is, he's able to change things in this version of the universe.
Although, there's a further little twist of existential horror if you assume he is a time traveller and can change things in this timeline, because that leaves the original timeline suffering its original fate forever with no saviour time traveller ever arriving in their version of the past. Furthermore, forking the timeline creates 7 billion new people who will all eventually die not to mention all the future generations, and all the non-human life in the entire universe , meaning he's responsible for more deaths than any mass-murderer in history.
This is actually really profound. Any future supposed time traveller should be able to prove it via proof of work from the blockchain. I'm a wealthy Citidel time traveler prince from the year and I need your help. My money is tied up but if you send me some bitcoins, I will handsomely reward you for your troubles when we meet in the year For anyone who hasn't yet figured out what's so backwards about the "inflation is good" argument, here's what's so blatantly wrong with this reasoning:.
Whether or not someone saves money instead of spending it is in part due to the expectation of future purchasing power , which, roughly speaking, is positively correlated with economic activity, and negatively correlated with money supply. Decreasing purchasing power provides an incentive to purchase consumables, purchase durable goods for future consumption, or purchase durable goods for future trade. Performing any of those actions increases economic activity , and thus will start reversing the trend of decreasing purchasing power.
This is a self-stabilizing system, and there's no reason to think that a constant money supply will lead to runaway collapse of an economy. In OP's hypothetical, both of these things are happening, yet he claims purchasing power is increasing.
This doesn't make sense. If a currency is inflating, the goods it can buy are becoming worth more and more every day. On the flip side, if a currency is deflating, there is strong incentive to trade goods for it in order to obtain and hold it.
So businesses would be wise to move their inventory and hold their earnings. You always hear people say stuff like: "If a car costs dollars today and people know that because of deflation it will only cost dollars next year, no one will buy the car today, and the economy will grind to a halt!
Gosh, in that case, that might not be the market clearing price. The easiest way to see through the "deflation is bad" nonsense is to recognize that saving IS lending. Money isn't wealth. It's an accounting system to facilitate the exchange of wealth. Money is a means for credibly conveying information about value given but not yet received or at least not yet received in a form in which it can directly satisfy a person's wants or needs.
Thus, when you save money, you are essentially holding an IOU. And that's why savers are rewarded with increased purchasing power in an economy that uses sound money.
In that kind of economy, deflation is simply the market-determined interest rate for an extremely low-risk loan that can be recalled at any time by spending the money.
Cars are a good example for this, because the value of a car plummets when it's not new. Even a year old car can usually be gotten for half the price of a new one.
But people still buy new cars and they still make new cars. Inflation can frontload a little bit of demand because people will think they should buy before prices go up. This much is true. But on the whole it depresses demand. Even if a few more people buy washing machines a little sooner, on the whole, fewer people will be able to afford and buy washing machines going forward. These days, the economic theories that are in vogue and are exercised at the highest levels such as at the Federal Reserve and at foreign central banks such as in Japan, are ass backwards because they always think merely about short term implications and because they misunderstand the relationship of different economic factors--like believing that devaluing their currency will help their export market and balance of trade, for example which, of course, it doesn't really do at all.
The greatest economic growth has always taken place under stable currencies. A modestly deflating currency, which Bitcoin will be, once it comes into its own and is used more widely, is the best possible platform for economic growth. Inflation is only good for the person who is the beneficiary of the created money; for everyone else, and economy as a whole, it's a net negative. If it's modest and predictable, markets can discount it properly.
They can do this without even breaking a sweat. What something like bitcoin if it becomes a defacto reserve currency does imply, is that governments won't have any leverage or ability to manipulate currencies like they do today. But is that a bad thing really? Is Teh Bernank really the most competent person to be telling us what the value of the currencies should be? Thanks for countering that most annoying part of the narrative : Investment most certainly would not end with bitcoin.
I can't figure out why this got upvoted. Why would anyone who follows bitcoin upvote such tripe. If you don't have any money and you cannot obtain bitcoin, then doing something with your time to obtain a cheaper easier to obtain coinage that depreciates is better than working to obtain an almost impossible currency.
I also made an argument that predictable deflation can be a good thing as it removes the incentive by the rich to invest their coins in production capacity. This means that the little guy does not have to compete with as many big corporations and will invest their time and labor into moving up the rung of society until they to have enough to retire on.
Now write one about a future where the atmosphere is contaminated and survivors go on expeditions to find unopened bags of chips: the best source of fresh air. That was entertaining. Makes me wonder how long until we see a novel or film with cryptocurrency playing a major role. Here's another take on this kind of scenario. Both are far-fetched, to say the least, but still interesting to think about. First sentence first. Second sentence second.
If you own any amount of any fungible wealth, what you do with it -- in terms of investments -- is going to be determined by what's profitable after risk is accounted for. Nice; a reasoned, informed post! Lemme just check and see who the user is Imagine my surprise. Goddamn finance teacher taught me well and then I failed him, I completely forgot about calculating interest with inflation :-D.
Not really, I see that your plan is to use one of the most useful technologies ever, time travel, in the most ineffectual, pointless and dumb way you can imagine. I think this massively underestimates peoples' ability to blow all of their cash.
The more you have, the wilder your taste for spending it. People are just a hell of a lot less conservative than that. No they aren't. If someone never spends their coins they reduce the supply of coins just as if they'd lost them , increasing the value of other coins and allowing the economy to redistribute their wealth to all other bitcoin holders.
Why would you suggest that peaceful human beings are "problematic"? Why is it a "problem" when people don't behave as you'd like them to behave?
No, he means "mean" like an asshole, because if you're that poor, you gotta be a dick to make ends meet. The fact that you're username is Luka Magnotta is far more upsetting to me then anything else you've come here to inform us of.
Not cool man. Good story though, I love the writing talent we see on Reddit I wonder what ever happened to that guy that wrote the story about the marines sent back to ancient Rome?
I believe he got "discovered" from that post and some studio hired him to write a screenplay of that story. It was awesome I think he did get picked up by a movie studio to work on a screenplay for it.
I'll do some googling around to find out more. I remember seeing this on the front page a long time ago but never followed up on it. Have some catching up to do. Yeah that part isn't really believable. Africans certainly have more experience on alternative currencies than most of the western civilization. It has absolutely nothing to do with experience or stupidity. It was a failure in the system they were using.
Bitcoins are "hacked. If you think people will not try harder and harder as time goes on assuming the currency grows. And the whole point and the reason these were the main focus of the story or whatever you want to call it is because the western societies had obviously collapsed.
I think by the time the African Union has any desire to implement Bitcoin across the whole continent, people will have figured out smart, safe, secure, and easy ways to manage Bitcoin balances--techniques that could be used in that hardware. If not, then Bitcoin simply won't get that big! I'm not sure what you are talking about, but what I was referring to is that Africans are used to use multiple currencies, and to see their state currencies fail.
Westerners only know how to handle one currency and believe their state currencies will never fail. I'm still unsure whether OP is just humorously sharing his concern from an economical perspective or he's just screwing with us and sharing a fun story.. Twist: buttplugs42 is OP's neighbor in the future.
The only reason OP's neighbor is rich now is because OP traveled back in time to make this post. Curiously enough, the Bitcoin network is strengthened by this, proving its resilience even to time paradoxes. OP basically just claimed to be a member of a rebel group with nuclear capabilities, which is specifically planning on bombing multiple major population centers purely for the purpose of crippling their communications infrastructure - and all because of economic policy.
His group is supposedly willing and able to eradicate millions of people to change their monetary system. Given time travel abilities, why would such a group target now, of all times, to try to divert the course of history? Why not get in touch with Alan Turing and change the history of modern computers? He's proposing making a pretty fundamental change to his world's history, completely erasing what he describes as the primary force of influence over his timeline.
If successful, he and everyone he knows will un-happen. They won't have ever existed. He has no way of knowing what kind of alternate history this will achieve. Why target a point in history when Bitcoin is actually being taken seriously, and not a point in history when a gentle nudge would have gotten the idea of a cryptocurrency laughed off into nonexistence?
This scenario is so poorly conceived, it doesn't even hold together as a good tinfoil-hat conspiracy theory or a scifi pulp novel. You've got nukes and time travel, and you use the latter to tell people "please don't make money, bad things will happen"? If his story were true, his group is too incompetent to have any chance of successfully launching their attack. In fact, if his story were true, it would be far more likely that the history he describes is actually his own paranoid delusions.
This is no chilling dystopian vision of a terrifying future. This is the confused ramblings of a hackneyed amateur author with no sense of internal consistency. Wealth is based upon production capacity, not "money". All of our current productive capacity will still exist. Therefore, everyone will still have the same amount of material wealth, even if the average life savings is 0. You also say the "earlies" do nothing with their funds.
Don't you think a creative, forward-thinking, scientifically and technologically inclined population would be working harder now that they've come upon all of this wealth and potential? If the "earlies" are doubling or tripling production capacity while working to reduce fossil fuel usage, then even those people with a few millies as their live savings would in fact be far better off in this new world.
Personally, I never really understood what money was until bitcoin came along. Never saved, never thought about what I was doing. Anybody who downvoted this because they thought it was "wrong" or it was seriously saying "stop bitcoin" is stupid. Apparently you all have never learned how to be entertained by a good story.
I feel sorry for you. Attention time traveler this is a warning, any further attempts at temporal interference with this era will incur an investigation into your activities. I will interfere and I will report you to the relevant temporal authorities. This goes for any other party involved. S I will also tell the Time Lords because they have Time and Relative Dimensions in Space and you know what will come if they interfere. If you liked this even a little, please read Cryptonomicon.
I've just started, and already I'm blown away. It feels like it was written for the hacker generation, and for bitcoiners specifically. I wish I had Stevenson's talent for introducing new concepts to the reader, and he does it from the mind of the characters in such a natural way too.
Man from the future and all you talk is classical economics that are being disrupted by a whole lot more than bitcoin. Where's the automation, the strong AI, the advances in energy technology? With Bitcoin, you can be your own bank. You can also explore the Bitcoin Wiki :. Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another.
If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet. Check out his other work here. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended. As of now, If you have ideas for the remaining BTC, see here for more info.
Bitcoin ? It'll be the price it will be with the price in the price. Who knows or cares? Just accumulate and see where things go, if all goes to hell, well at least you can say you were apart of the fun and learned a lot from this market. I'm no longer looking at the market anymore, just going to collect coins I like and DCA down. Keep in mind I'm just now starting to DCA and feel like many others we are close to the bottom.
It might be a while before the new price come to fruition. And keep your funds in your own wallet not on an exchange. Nobody knows if it will be a bear or a bull but by looking at it, the probability of having a thousands of percentage is high. But who really cares about it? We just need to buy at low and sell at high. Hodling is the key.
Thousands of percentage points gets vastly less realistic the higher the market caps goes though. Past performance is in a totally different context when someone with a million dollars actually mattered in the market. We're at the mercy of the bots. Seriously doubt humans have any role in btc pumps and dumps.