51–60 of 208 posts
Can you imagine how many of these BTCs are actually lost forever. Look at this address: http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5... The last time this address was touched was 2009, and has an even 8,000 coins (back in the day, this only amounted to 320 mined blocks. You could do that in what?... a few hours/half days?[1]) The owner probably ran his system for a few hours, collected 8000 coins, tho…
No way to recover the Bitcoins?
Can you imagine how many of these BTCs are actually lost forever. Look at this address: http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5... The last time this address was touched was 2009, and has an even 8,000 coins (back in the day, this only amounted to 320 mined blocks. You could do that in what?... a few hours/half days?[1]) The owner probably ran his system for a few hours, collected 8000 coins, tho…
No way to recover the Bitcoins?
Can you imagine how many of these BTCs are actually lost forever. Look at this address: http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5... The last time this address was touched was 2009, and has an even 8,000 coins (back in the day, this only amounted to 320 mined blocks. You could do that in what?... a few hours/half days?[1]) The owner probably ran his system for a few hours, collected 8000 coins, tho…
No way to recover the Bitcoins?
You basically delete the private key and won't be able to sign a transaction with it ever.
Can you imagine how many of these BTCs are actually lost forever. Look at this address: http://bitcoinrichlist.com/address/198aMn6ZYAczwrE5NvNTUMyJ5... The last time this address was touched was 2009, and has an even 8,000 coins (back in the day, this only amounted to 320 mined blocks. You could do that in what?... a few hours/half days?[1]) The owner probably ran his system for a few hours, collected 8000 coins, tho…
Earlier quoted context omitted.
Cashing out $85 million of pretty much anything would require some special efforts.
How about just 1 million? It seems most responses above are "it can be arranged", which wouldn't be acceptable to me if I had millions in bitcoin I wanted to cash out.
Have the money wired to your bank. If you're selling on bitstamp, even that step is easy.
Done.
Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?
Or you can move your Bitcoins to another exchange (which have a much lower valuation) and which are all foreign. Then cash out there. Then repatriate your USD. Which has tax implications. So in an amount as big as $10M you're going to lose a large amount of "money."
You also have to pray that somewhere along the way your anonymous untraceable Bitcoins aren't stolen.
Earlier quoted context omitted.
The whole price of Bitcoin is an illusion that they use to get people to keep buying. It's the result of a bidding war. There is an article here about that basically explains (this is my interpretation not his words) how the price of BTC is kindof like the sticker price on an item in the store. It doesn't represent the real value, it's simply the value as perceived by consumers and is, in a way, fixed -- http://falkv…
This!! A rumor is all its going to take to tank the price.
51% attack publication didn't kill it.
Silk road bust didn't kill it.
Selfish miner attack publication didn't kill it.
I'm not saying that a flood of sellers won't lower the price dramatically. But to say a rumour is "all it will take" is to ignore recent history.
Earlier quoted context omitted.
The whole price of Bitcoin is an illusion that they use to get people to keep buying. It's the result of a bidding war. There is an article here about that basically explains (this is my interpretation not his words) how the price of BTC is kindof like the sticker price on an item in the store. It doesn't represent the real value, it's simply the value as perceived by consumers and is, in a way, fixed -- http://falkv…
This!! A rumor is all its going to take to tank the price.
either one should do the trick, but right now greed is leading