Cautiously Celebrating Bitcoin $10000
Congratulations to Everyone Who Had the Foresight to See What Bitcoin Could Do.
Bitcoin has had an astronomical run in 2017. It has gone up more than 10X in the last 12 months. I am cautious because I believe the Bitcoin movement is being co-opted by people and organizations that are only here to speculate on the price. Bitcoin and Crypto Currency are so much more than that.
People like Ross Ulbricht and Charlie Shrem paid a high price to make this possible for all of us. Please take some time and learn about people like Ira Miller, Jeff Berwick, Trace Mayer, Bruce Fenton, Roger Ver and others who helped pave this street of gold.
Learn About the History of Bitcoin.
Here is some homework. The Rise & Rise of Bitcoin
It is so sad that he became a scapegoat. His punishment is clearly injustice to all who study what happened to him.
Let's all say: FREE ROSS!!!!
Ummmmm....If you really want Bitcoin to be accepted by the masses, I'm not sure this is the fella you want as the face of the currency. I'm guessing that could do more damage than good.
I don't much care if the masses join us. Ross is a hero.
satoshi nakamoto is a hero and everyday anarchists are heros.. there are many people in jail for victim-less crimes, to point out one of them as a hero, seems weird to me.
Full upvote. Respect.
Sure he should not be in jail. Please dont misunderstand what I am saying... there are many people in jail for wrong reasons, victim-less crimes... its so sad.
Please don't comment on my content. I thought we made this clear.
And who are we?
Anarchists? Voluntarists? Community where we debate what is really going on? Why would you want to censor me?
What you think about the theories that it is JEWS that are mostly at the top of the power pyramid? And that is what Michael Jackson sings about in this song:
I was brought up jewish. All religions are made up so when you blame it on the Jews not only Is it innacurate, it strengthens the myth of separate group groups
There are strong indications of Jewish influences in the top of the pyramid, if you study conspiracy and secret societies.. maybe you don't know this..
Anyway I have no religion.
Bitcoin Alert. OMG!
1 Bitcoin equals 10599.57 US Dollar .
I am finding your interest in BTC. You should read this article because it fits for you.
Why Bitcoin Has Exceeded This Limit ?
Thank you @hilarski
See you at the Lambo dealer.
I think it's healthy to be skeptical and concerned with so much money sloshing around. I think there are plenty of coins in the sea to continue promoting the original vision of open-source free markets. Keep spreading the good word, Randy.
It's easy for us old timers (hah! just less than 5 years for me, and I'm an "old timer") to say, "Back in my day..." and "Get off my cryptocurrency lawn!" but the reality is this is a dynamic space and all of us got involved at some point for various motivational reasons. The weak hands will shake out on the next correction, take the fiat winnings to the bank and be happy. The rest of us will keep plugging away to educate the masses on the benefits of unmanipulated money, the world's first global, immutable, cryptographically-secure digital ledger technology. The blockchain is here to stay, no matter what coin name it takes. There will be enough of "us" to continue the open-source vision of freedom regardless of where the masses go. If they want closed-source or government-controlled projects, they are welcome to them. We'll continue to demonstrate how freedom will ultimately prevail.
I completely agree with needing to get the word out to the masses to help them better understand what this "industry" is all about but there are going to be those who will be the all time skeptic when it comes to anything new. I like the idea of an open source of currency and I do also believe there are plenty of people invested into it to make it stay for the long haul. Which one will rule them all? Who knows but Bitcoin is doing a pretty good job so far.
I feel myself even getting to where I say "back in my day..." when I'm at work and it burns me up because I always told myself I would never do or say that one line. Do I think cryptocurrency will continue without some sort of regulation? No, sadly I don't. All good things must come to an end but not before many millionaires are made. Jump on the bandwagon while you can guys!
I think the blockchain will reinvent trust itself which will change how we shape societies and governance. Laws are just threats of violent force. In a world where peaceful cooperation can be more profitable, humans, like water, will flow to what benefits them. Aligned incentives will make attempts to regulate seem archaic (because they are). No one "owns" the blockchain. It's part of nature now, and I don't think it can be stopped. It may be pushed under ground for a time, but even the governments of the world aren't so stupid to realize how powerful this technology is and how they can't un-invent it. They will try to subvert it, discredit it, and copy it, but it will live on as what imagine it to be.
I totally agree but with the way some governments want to regulate things they can't control it is sadly bound to happen. Net neutrality sound familiar? There will always be someone thinking about how to make something open source for all to use and it will be unregulated for a time. I don't see it being fully regulated any time soon but that's why more people need to jump on it.
I think the big thing that may turn some people away is reading a lot about people being scammed or hacked and losing money rather than making millions just by sitting at home doing nothing. I really don't see it any different than investing in stocks. If you invest in the right ones you can make alot of money just like the stock market. I think the biggest issue people will have is security.
I agree, security is key. That's why I'm trying to help people with @ubf videos. We can level up and secure our own stores of value, regardless of what the government does, but it takes personal responsibility.
I think every attempt at government control just creates new opportunity for freedom-loving innovation. People being scammed or hacked is what also reinforces the need for personal responsibility and security. Password managers, up-to-date anti-virus software, operating system security patches... this is just the beginning of what people should learn about.
More and more people everyday are coming into the crypto space, so naturally it is becoming the peoples personal and collective interests. In free democratic societies governments are "supposed to" protect the interests of the people, so I try and stay optimistic when the discussion of regulation comes up, regulations can be a good thing and help protect more people allowing for a safer more secure overall community.
I agree that the blockchain is in nature now and it wont be stopped.
Thank you for educating us luke, and also hilarski! I really hope, as you say, that blockchain will not be stopped, and neither regulated. I am sorry that I don't engage more in discussion, but for the moment I feel that I have much more to learn before I will be able to express a valid opinion. Thank you again!
No need to apologize! We're all learning as we go and some have just been doing it a bit longer than others. Anything you learn is something you can teach to someone who knows nothing about what is happening in this space. You'll be their guru.
Oh, you are so right, I have taught some of my mates at work, and some just invested a few thousand dollars in Ethereum, because they found it promising. I don't have that money right now, but I hope I will be able to accumulate in time in order to invest. I just try to share the knowledge but I feel that I am not so confident yet. Right now I am learning about proof of stake, and one coin that interested me (since it was much lower a few weeks ago) is Cardano's ADA. I told myself that one of these days I am going to ask you what do you think about it, but I don't know if it is the right moment and if you have the time to share your thoughts about it :)
I hadn't heard of it. Up 160% today?!? Dang. Huge supply. Is this a pump and dump? Being a top 8 coin with 31B in supply? I dunno. I try not to buy anything at the top, but maybe I'll look into it later to figure out why it spiked. Good luck.
Thanks a lot, sir!
Yea that is the thing blockchain has come to stay @lukestokes
On the money!
Hah! I want to be that guy. Like a boss indeed. :)
But, be careful .... you have to make sure to landing properly....
wow... really fantastic.
😂
Time to lock in some profits perhaps?
https://steemit.com/bitcoin/@pawsdog/bitcoin-short-opportunity
That's a motivational comments I appreciate your comments @lukestokes👍
What a great response!! Teaching the masses is probably one of the biggest stumbling blocks. Not because the belief in a centralised organisation is too strong but rather viewing cryptocurrency as a scam due to not understanding it.
I strongly agree to currency open source, that mean is the whole people can make improvisation to their plan invest.
@lukestokes and the bottomline is that blockchain is come to stay
For some reason i have an "impending doom" kind of sensation, but let's see what will happen next!
I was also celebrating for this my friends :)
i'm a bot worried to what will happen at mid december on cme.
Most people in Bitcoin today have not even taken the time to read the white paper. They just hold it in their Coinbase account without transacting in it. We starting accepting Bitcoin in 2013 and have 5 people pay with it 2014-2015, especially in 2015 as price recovered and fees were low. Since fees went past $1 no one pays in it anymore. Not one person from 2016-2017.
Just a few hours of research and people will have the foundation.
@hedge-x every one is looking at the gain less attention on white paper
I agree bitcoin hit 10K much faster than expectations. Cheers :)
Wonder what's the next milestone and how fast.
May be 20k in 6 months if it rises with the same speed. What say guys?
$3999 since I am a being cautious here.
That's being cautious? That's being a bull my friend!!
Bull? A SUPER BULL. But hey as a I said with Crypto anything is possible. So let's all make hay while the sun shines.
SUPER BULL!! Oh I like that
With Crypto nothing is impossible
I wasn't really expecting it to hit until possibly January but this past couple weeks has been insane for Bitcoin
This is a vulnerability in the 'store of value'-led view of Bitcoin. What causes currency to be stable is that people need to have it available liquid in large amounts in order to cover ongoing expenses and commerce. Ongoing commerce ensures that there are always people buying regardless of price, that reduces volatility and increases liquidity.
If the transactional utility of Bitcoin is diminished then there can only be so much commerce, and the commercial demand gets overwhelmed by speculators. Look at what happened to gold: yes gold has retained value in the long run compared to fiat currency, but after being confined to bank vaults, it actually no longer serves as a reliable store of value in the monetary sense. Gold today is a speculative investment: you hold it as a hedge against stock market crashes on the judgment that it will increase in value when stocks fall (which is often but not always true). You can't reliably expect a certain amount of purchasing power day to day from a gold coin, nor can you easily exchange it for goods and services.
Due to the dominance of speculators, you get large swings in price, perpetually, rather than it becoming more stable over time as the trend had been before.
Celebrate !!!!! @hilarski
Tanks for sharing .
Upvote Resteem
It's been an amazing ride so far.