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101  Economy / Economics / Re: Why have Bitcoin instead of cash? on: July 08, 2015, 10:36:53 AM
I think bitcoin is more secure than cash, but, people must have the basic knowledge about computer, internet, virus, trojans & malwares. If people shall be trained about the security of bitcoin wallet, then, it's more hard to steal their coins .........

So, some websites must be developed to train people online for teaching them about basics of bitcoin, wallet security, offline transaction, cold storage, paper wallet, hardware wallets, multi-sig wallet etc.

If anybody knows this kind of websites then please, list here in your reply ...... Grin
102  Economy / Economics / Re: Bitcoin vs Litecoin : I sold LTC for BTC . May I wrong ? on: July 08, 2015, 10:24:12 AM
Litecoin had a great advantage as the second big crypto currency but it has not attracted a lot of development or infrastructure.

Litecoin is not the no.2 crypto-currency anymore, in terms of market capitalization. Right now, Ripple is in the no.2 position, followed by Litecoin at no.3. The market cap of the major crypto-coins are as follows:

1. Bitcoin: $ 3,801,462,349
2. Ripple: $ 304,714,223
3. Litecoin: $ 209,122,583
4. Doge: $ 18,752,522
5. Dash: $ 16,431,987    

Ripple isn't a true crypto-currency, i dont think we can read much into it.  Looking at the trading volume, litecoin is miles ahead of ripple.
ripple !!!  Tongue isn't a centralized crypto currency  Huh
103  Bitcoin / Bitcoin Discussion / Re: Just what is a FAIR fee to send a Bitcoin transaction? on: July 07, 2015, 07:55:36 PM
If your block size is 1KB or less then the transaction fee will be 0.0001 BTC

So, the fee in fiat @ current BTC/USD price is $0.02
104  Economy / Economics / Bitcoin vs Litecoin : I sold LTC for BTC . May I wrong ? on: July 06, 2015, 01:53:58 PM
Hello guys,

I owned about 5000 LTC & I sold them when LTC/BTC pair hit 0.006 (1 BTC = 166 LTC). I frustrated about crash of LTC price & it's future. My thoughts behind of this decision is :

LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.

But, now , I see ltc price is just pumping to the moon...... 216% price increase of LTC/BTC pair. Why people sell their bitcoins for ltc ??

My decision was wrong Huh
105  Economy / Speculation / Re: $500,000 per Bitcoin, baby. The math behind it. on: July 06, 2015, 12:05:36 PM
Bitcoin is the 3rd revolution I'm living through

1st revolution was Personal Computer's which are now tablets and smartphones to many (1980's-2000's)
2nd revolution was The Net the age of instant free info (1990's-2000's)
3rd revolution was Digital Cryptocurrency (2010's-)

I honestly believe most here will be telling our grand kids about a thing we used to have called money that evil governments printed at will to fuel stupid wars.

They will ask, "Gramps, how did you become so rich?"

You will say, "Because I SAW THE REVOLUTION COMING and put lots of worthless government notes into tech notes you call BITCOIN."

After you've been front lines in a couple of revolutions you start to see them coming.

BITCOIN is like the Internet and the personal computer. It is the NEXT revolution.

Bitcoin had four ten-fold growth bubbles:
  • $0.05 per bitcoin. The start.
  • $0.50 per bitcoin. First tenfold bubble
  • $5.00 per bitcoin. Next tenfold bubble
  • $50.00 per bitcoin. Next tenfold bubble
  • $500.00 per bitcoin. Our current bubble

Next bubbles:
  • $5,000 per bitcoin.
  • $50,000 per bitcoin.
  • $500,000 per bitcoin.

For $5,000 to happen you need ONLY 0.1% acceptance of world population for Bitcoin. We are at 0.01% now.

$50,000 is just 1% of Gross World Product by Bitcoin. This produces the $50,000 bubble.

$500,000 per Bitcoin is just 10% Gross World Product by Bitcoin.

Can Bitcoin hit 10% growth of population?

Credit cards did and they reject 90% of the world.

Bitcoin rejects no one.

So Bitcoin will go in trade where Visa/Mastercard refuse to go.

So way over 10% of Gross World Product can eventually be Bitcoin.

10% of Gross World Product is $8.5 trillion.

Divide 12M coins into $8.5 trillion

$500,000 Bitcoin baby.



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The original poster of this was not me. Full credit goes to this guy "domainbrokers". I liked his post so much that I wanted to share it.

I wanna believe your theory  Wink but, I frankly say .... is it really possible  Huh
 Grin Cheesy Smiley
106  Economy / Speculation / Re: Speculation: Greece abandons the euro and adopts bitcoin on: July 05, 2015, 07:29:29 AM
http://rt.com/op-edge/271003-greece-bailout-default-scenarios/

Quote
Greece abandons the euro and adopts bitcoin - a lovely idea which would at least guarantee citizens could no longer be subject to summary devaluation at the knee. Alas only slightly more plausible than lenders accepting a No vote is a basis for debt relief.

Seeing this in RT is definitely bullish for bitcoin since it somehow reflects the Russian agenda. Also, it's positive marketing for bitcoin and shows where it could be used. If Greece adopts bitcoin then the price of bitcoin would definitely rise to 5000$ per bitcoin.

I think Greece will never adopt bitcoin ....  Roll Eyes
107  Economy / Economics / Re: A currency or investment? on: July 04, 2015, 02:07:18 PM
both ......... bitcoin is a currency & also an investment
108  Economy / Speculation / Re: My prediction for the next ~2 weeks on: July 02, 2015, 01:07:05 PM
Began mini crashes
For the last two years
Bitcoin has lost 90% of its value
Yet, bulltards say Buy&HODL
Over and over
Drowning out reasonable voices

Began mini crashes
If you are still greedy
Buy more bitcoins
And prepare to die destitute

Began mini crashes
If you are insane
Keep buying worthless coins

Began mini crashes
If you are sane
Stop doing the same shit
Over and over

Began mini crashes
We will all die destitute

nice poetry  Cheesy Grin
109  Economy / Speculation / Re: My prediction for the next ~2 weeks on: July 02, 2015, 07:49:16 AM
my prediction for next week :

110  Economy / Economics / Re: Buying stocks with BTC!!!! on: July 02, 2015, 07:37:14 AM
both 1broker & plus500 are actually CFD trading sites... Huh
111  Economy / Economics / Re: Paypal buying international money transfer player Xoom, Xoom ceo Like Bitcoin on: July 02, 2015, 07:35:11 AM
I don't like Paypal ....... I've lost around $500 for fake chargebacks  ...... and paypal never did anything for me .... So, I like Bitcoin as my payment system in my shopping site
112  Economy / Economics / Re: How-to Trade the FOREX Market and use/earn bitcoins doing it! Check it out :) on: June 30, 2015, 06:44:36 AM
Great tutorial. But, may I believe 1Broker ?
113  Economy / Exchanges / Re: Do Any Knows About Bitbays.com on: June 30, 2015, 06:25:06 AM
I also never heard about this exchange before.
114  Bitcoin / Bitcoin Discussion / Re: Volatile Bitcoin still isn't money on: June 29, 2015, 12:43:30 PM
It is hard using Bitcoin as a currency while it is very volatile. These past few months of stability have been great for using Bitcoin as a currency though. Even though using Bitcoin as a currency while it is volatile can be confusing and cause some problems, I believe that Bitcoin's price will stabilize with mass adoption.

Yes, we need only 1-3% fluctuation for 24 hours..... then we can call bitcoin is a currency
115  Bitcoin / Bitcoin Discussion / Re: Volatile Bitcoin still isn't money on: June 29, 2015, 09:25:40 AM
Bitcoin price will be stable if :

1. Huge Adoption
2. Big Market
3. Most merchants using
4. Most people using it for not only exchange but also buy/sell products using bitcoins
116  Economy / Speculation / Re: Tony Gallippi of BitPay suggests $600 by September EDIT: $610-$1250 on: June 29, 2015, 08:08:41 AM
Here is my suggestion  Grin Grin Grin

117  Bitcoin / Bitcoin Discussion / Re: Matonis: If Bitcoin XT Succeeds You Can Kiss 21 Million Cap Goodbye on: June 29, 2015, 08:01:30 AM
I don't believe that  Cry
118  Bitcoin / Bitcoin Discussion / Re: Introducing the timechain - solving tx malluability, security problems, and more on: June 29, 2015, 07:42:57 AM
Great work  Grin I have bookmarked your site  Grin
119  Bitcoin / Bitcoin Discussion / Re: Can anyone explain this address? on: June 29, 2015, 07:31:06 AM
this guy is crazy  Grin
120  Bitcoin / Bitcoin Discussion / Re: Volatile Bitcoin still isn't money on: June 29, 2015, 07:24:34 AM
not yet ....but......has much potentiality ......... in the future .... it'll be a currency  Tongue
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