Me watching Bitcoin price and regretting not investing in it

Your saying that like it's too late.

@Alice tfw it rose another 10% since yesterday (9.5k->10.8k)

Someone tell me how to invest in Bitcoin x.x

@Cyanite
Me too 😪

And someone please tell me how to secure my (future) Bitcoin wallet 😅

@pushmepullme multisig wallet, if you wanna go hardcore keep at least one of the signatures required on a machine that is never connected to the internet

@coolq @Alice @skynet
Don't get carried away by the price spikes, and think rationally not emotionally. The reason why it's pumping up hard now is because every day people go mental about the price and they dream of making millions out of nothing. This is a positive feedback loop, and when everyone has run out of money it will blow up massively.
If anything, wait for another week or two for it to go down.

@Cyanite easy:
- create a wallet (do it locally on a machine you own, don't use online wallets)
- find a suitable exchange that accepts $/€/other currencies. Read their reviews, guides, ToS, fee policies, and FAQs, some have terrible fees for small investors
- deposit money
- buy the cryptocurrency of your choice
- withdraw to your personal wallet

@endor

I understood none of that.

@Cyanite just google every step, there's plenty of detailed guides online ;) it's easy once you get the gist of it

This was me a month ago, thinking of being late and that bitcoin price will not increase further, so better not invest.

This is also me, of today, looking at 10 grand price.

Im investing one months salary in bitcoin, Ethereum, Stellar and IOTA this week. I cant live like that anymore.

Just transferred 500eur yesterday to test everything out. And if it goes Well the Rest will follow.

Worer case, 5k is a small los compared to a life of potential regrets.

@Double-A right now? Worst time to buy

There are so many people still buying bitcoins every day. The question is not if it's going to crash but when. That has nothing to do with investing anymore. The people are greedy, and they will bitterly regret that.

Financial pyramid anyone?

The bubble is coming, but it will allways get stronger. Bitcoin is deflationary.

@PonySlaystation deflationary? With a fixed cap and a decreasing number of available coins? (Burned coins, lost coins, seized wallets and such)

@endor Yeah, but I don't think the number of usable bitcoins is decreasing.
Bitcoin is available in a limited amount that is only slowly rising. If the demand suddenly increases immensely, it's value spikes high up until people are tempted to sell but it never falls much lower than before the spike. Then it continues to rise again.
Bitcoin is a secure way of paying for a lot of people.
It will always be an interesting way of saving money, especially during a crisis.
You can easily hide a LOT of money without having to secure it physically from burglars.

@PonySlaystation the number of usable coins IS decreasing. Once the 21M cap is reached there will be no *new* bitcoin generated, only the existing ones will be recirculated.
But private keys can be lost, wallet passwords forgotten, typos in transactions can be made.
Any BTC sent to an address with no known private key (see: BTC burns for some new tokens) are effectively locked and unrecoverable by anyone, thus out of circulation.
Similar story for the coin seized by the police: will they ever return to the market? How?

Another issue is fungibility: each coin's history is known, therefore not all coins have the same value. Exchanges and merchants can, and already have, refuse coins associated to gambling, porn, drugs, and other activities (even legal ones). This is a *huge* problem: my 10 BTC are not equal to your 10 BTC!
This makes them a very unsafe market for professional payments and such. (Read more on fungibility if you're interested)

@PonySlaystation re: securing money from burglars. BTC is actually very unsafe for that, because every balance is public. If somebody associates an address with your identity (and there are many agencies working on that, and can be done in many ways), they effectively know how much you have.
Earlier this year, the wife of a large Brazilian miner was killed after an attempt of blackmailing him for his large btc wallet.

@Cyanite you can use Jaax as a personal wallet, for the exchange i don't know many, in Mexico I use Bitso because the easy payment, we had a Spanish group and the recommendation for a decentralized exchange was http://bisq.network

It's never too late for invest, we have to keep looking the value because in sometime the price will drop and then we can invest.

A server of mattermost exists for discuss decentralized technology.

The server is http://decstack.com/

Is the most sadness history of all day 😔

Me hating the US for making it so damn hard to buy...

@IllSlapU with BTC (and 99% all other cryptos) you can - once I've sent you money from an address you know for sure it belongs to me, and you can track its history and figure out which other addresses it is associated to.
There's a whole bunch of companies (and state agencies) that are investing a ton of money into this, and they've already scored a few hits

The ++ of this rant are rising just like the Bitcoin 😁

@skynet definitely road to the stress ball LOL

I bailed after making a couple of grand. I have to listen to the economists who all say it's a bubble. Clearly it's a bubble. Many many cryptos are being made, supply and demand 101.

The real value that will come out of this is the blockchain.

I could be wrong, of course, I've made my peace with that.

Bitcoin will never be the true thing because the blockchain is just too slow. A transaction may take 10 to even 2,500 minutes and this time gets longer the more people use the currency. Plus, bitcoin gives fees to the miners and therefore is impractical for microtransactions (because the fee is higher than the traded amount). Also, since blockchain is based on the proof of work, a quantum computer would break the codes way more quickly than classical computers and could break the entire currency.
Look at IOTA. It is a new currency which solves all of these problems. Also watch Siraj Raval, which is who I have got the info from. He is a cool guy

Right in the feels

Thank you!

I'm looking forward to it

wow cool!!!!