To all the people disappointed with their investment (in bitcoin) performance. Please do as a favor, cut your losses short and spare us the nagging about bubbles and all the negatives you clearly see now (but couldn’t see when the price was going up)

For the ones that are thinking to invest now please take Andreas Antonopoulos advice and invest in it as much as you understand it. If you feel that you understand 5% invest 5% but more importantly if you understand 0% invest 0% and no, "Block-chain is this new technology that will change the world" does not count as understanding. Take your money and put them somewhere that you feel comfortable with. The problem with all the recent FUD and negativity lies with the fact that 90% of the people in crypto are mostly people who "invested" at the end of 2017, and 99% of them the only reason they had in doing so was the price. When the only reason you have when you buy something is the belief that you are going to sell it for more guess what happens when the price drops. You are left with no reasons. No reasons to be in it. When your money are into something for no reason you panic, you loose your sleep, you get angry, you discover all the reasons why you shouldn't have invested in it. Please do your self a favor and educate yourself's. Try to understand and if you want to HODL do it for a reason other than the price. I am heavily invested and I sleep like a baby. And if I loose everything is going to be because of something I didn't see happening before it happened (and nothing of the sort has happened yet). Not something that I wish I knew (and I could have known) before I invested. In fact "investing" is not even the right word to use. "Backing up" the technology is…If you are here for the money please leave. If you are here because of the way the future can unfold (outside the potential coin price increase) then enjoy the ride. What I see now (all the work, the ideas, the ongoing development) if you take out the price visibility is so positive that I wonder where do the people find the FUD? If you can not then stick with the bloomberg, the FT and the CNBC articles that you so much like. They all have one common characteristic. All of them fail to accept that the current technology is continuously developing and what is today is going to be much better in a year. If you can not relate to what I am saying have a look at that article about why iphone will fail from 2006:

https://www.theregister.co.uk/2006/12/23/iphone_will_fail/

and that one on why internet will fail from 1995:

https://thenextweb.com/shareables/2010/02/27/newsweek-1995-buy-books-newspapers-straight-intenet-uh/

If you are already in…you have a chance to educate yourselfs even late and NOT be the guys who wrote these articles.

submitted by /u/totopsgr
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Bitcoin – The Currency of the Internet

If every millionaire wanted 1 BTC, they couldn’t have one.

According to this study, http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=168E2808-9ED4-5A5E-19E43EA2A731A4ED

there are 35.9 million USD millionaires in the world. With 21 million BTC max in existence, they could each only have at most 0.585 BTC (even less if 2-4 million BTC is lost forever.) And that's if no governments, banks, or other corporations wanted any.

Think about that. They couldn't each have one. It doesn't matter how rich those people are. How many millionaires are you preventing from owning a whole BTC?

buy and HODL

submitted by /u/nsoniat
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Bitcoin – The Currency of the Internet

Great news guys! I am finally in the 0.1 club and I couldn’t be more proud of it.

Long story short after 53 days of mining alts and trading them for BTC, I managed to gather one tenth of a Bitcoin.

While it may seem a bit exaggerated, it really is a big achievement for me, not only from the financial point of view but I can now feel taking part in the unfolding of this truly fascinating piece of technology while hodling on my little fortune till forever.

Thank you for being here.

submitted by /u/nemo2305
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Bitcoin

bitcoin-cli – “error: couldn’t connect to server” –

I have bitcoind 0.13.1 running on a Raspberry Pi. I can see it on the bitcoin network using bitnodes.21.co but I can’t connect to it locally with bitcoin-cli.

My bitcoin.conf is:

rpcuser=xxx rpcpassword=xxx listen=1 server=1 dbcache=50 daemon=1 testnet=0 maxuploadtarget=200 

I tried:

curl --user xxx --data-binary '{"jsonrpc": "1.0", "id":"curltest", "method": "getinfo", "params": [] }' 127.0.0.1:8332

and I got:

curl: (7) Failed to connect to 127.0.0.1 port 8332: Connection refused

Netstat:

sudo netstat -tulpn | grep bitcoin

gives:

tcp        0      0 0.0.0.0:8333            0.0.0.0:*               LISTEN      620/bitcoind     tcp6       0      0 ::1:8332                :::*                    LISTEN      620/bitcoind     tcp6       0      0 :::8333                 :::*                    LISTEN      620/bitcoind' 

I had a crash a couple of days ago and had to recover wallet.dat from a backup. After the crash the time on the pi was an hour slow. I had to stop and start ntp to get it correct. I also did an apt-get update and upgrade after the crash. Until the crash this worked fine.

Finally I see that all the files in the dataDir are executable by everyone. The dataDir is on a USB stick that is mounted with:

/dev/sda1 /home/pi/bitcoinData vfat uid=pi,gid=pi,umask=0022,sync,auto,nosuid,rw,nouser 0 0

I am tempted to start over but would really like to understand why this has stopped working.

Recent Questions – Bitcoin Stack Exchange