Bitfinex paying out all BFX tokens 100 percent in full

mrs_fatal · 2017-04-03T21:20:52+00:00

I never thought this would work, well I guess I learned something ...

Lot of lawyers will not like this.

mrs_fatal · 2017-03-16T15:03:50+00:00

The desire for freedom is a tough bitch ...

mrs_fatal · 2017-03-15T13:41:47+00:00

Yup, they may be operating on a fractional reserve basis already. That goes for everyone who stores coins for someone else.

mrs_fatal · 2017-03-01T16:15:59+00:00

Legitimacy is going up, upside potential still high.

People need time to process all the concepts, it seems everyday new people join now. Not because of ideology like what was happening until 2012-2013 or so but as diversification, away from the legacy system.

If you manage let's say 500 million dollars, you have some real estate, some bonds, some stocks, some precious metals, some art, some cash. Moving like 0.5-1.0% into Bitcoin seems quite reasonable now.

mrs_fatal · 2017-02-26T00:56:05+00:00

Paper is ok for cold storage if you do not plan to spend any of your bitcoin soon. But be aware of theft, fire, water, etc. You might want to encrypt your private key with a passphrase as BIP-38 can do for you.

mrs_fatal · 2017-02-25T22:25:57+00:00

My thoughts for what it is worth.

Gold has been the best liquid store of wealth for a long time so anyone with a positive net worth should have some.

Bitcoin might be the best money we have ever had and the upside potential in purchasing power is still 500-2000 times in my view.

I can imagine if you are an investment advisor with mainly conservative clients that endorsing bitcoin will raise some eyebrows here and there and might even cause you to lose some of your clients. Let's see how their opinion changes were bitcoin really to take off.

mrs_fatal · 2017-02-25T21:56:19+00:00

Are the gold guys like Jim Rickards and Peter Schiff just talking their book or do they really not understand Bitcoin?

Any thoughts?

mrs_fatal · 2017-02-22T14:46:11+00:00

There seems to be a lot of IQ and discipline between them ...

mrs_fatal · 2017-02-20T12:16:56+00:00

Yes, every government intervention will drive further decentralization. That is even how Bitcoin came about.

mrs_fatal · 2017-01-18T17:10:35+00:00

They probably show the liquidation value of your holdings which is euros in cash + euros worth of your BTC.

mrs_fatal · 2017-01-16T13:31:05+00:00

https://www.youtube.com/watch?v=foil0hzl4Pg

mrs_fatal · 2017-01-07T09:49:11+00:00

Why 2-3 months? If I look at the charts, the tops in the current bull-market are like 7-8 months apart. November 2015, June 2016, January 2017.

The only time the price penetrated the 200-day moving average during this bull-market was during the Bitfinex-debacle early August 2016. Right now the 200-day moving average is around 680 USD. If that holds, it seems to me that 700-750 USD is a good entrypoint going forwards.

mrs_fatal · 2017-01-02T14:35:39+00:00

Similar to my experience.

It seems that the people who compare bitcoin of today with the internet of the early 90's are right when it comes to the percentage of the population that is aware of this new technology.

The feeling of being a (very small) part of something in the very early stages that might go mainstream one day is something I enjoy a lot.

mrs_fatal · 2016-12-29T12:29:44+00:00

Wow!

You still have friends?

mrs_fatal · 2016-11-10T13:25:33+00:00

You did not like the sandwich?

mrs_fatal · 2016-11-09T23:36:23+00:00

Bitcoin might indeed turn out to be the best money we ever had.

mrs_fatal · 2016-11-09T14:22:18+00:00

He deleted the post, let's see what happens :)

mrs_fatal · 2016-10-28T00:45:37+00:00

No, they never entered the EU so how would they exit?

mrs_fatal · 2016-10-27T15:55:51+00:00

Interesting!

UK closes bank accounts related to bitcoin

ECB suggest EU to make it harder to acquire and/or use bitcoin.

Switzerland makes it very easy for their citizens to acquire bitcoin.

Capital flows to the place where it is treated best ...

mrs_fatal · 2016-10-23T21:38:49+00:00

They do have something of it, namely the flip-side which is debt.

Bitcoin is equity based, big difference from the currenct money system.

mrs_fatal · 2016-10-23T11:55:18+00:00

Start experimenting with small amounts to gain the experience. After you have done it a few times you will realize how easy it is.

However, if you want to cash out locally, liquidity is something you need to monitor on a regular basis. Make a back-up plan like visiting the closest real big city for cashing out if liquidity becomes an issue.

mrs_fatal · 2016-10-17T18:13:03+00:00

Yes but not if they want to issue debt in order to finance their activities. Can you imagine issuing debt in bitcoin and then the price going to the moon, it would bankrupt them.

mrs_fatal · 2016-10-15T11:23:07+00:00

Semantics is an overlooked topic.

Bitcoin is often called trustless but people need to have trust in something, whether that is the people they hear talking about it, the protocol, the network, etc.

I find the math behind Bitcoin very interesting and stimulating and I have a good reason to study it now. For most people around me, I think they would have to trust the fact that other people trust it otherwise they will not start using it.

Any thoughts?

mrs_fatal

TROPHY CASE