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101  Economy / Service Discussion / Re: Warning !!! about coinbase web wallet.. on: June 18, 2017, 04:15:46 AM
Coinbase seems to be having a lot of trouble recently with the price of bitcoin rising, their website seems to be down more often at crucial times when users wanted to sell their bitcoin at higher rates, and buy in bitcoin at lower rates but was denied doing so as the site was down, Coinbase reddit was flooded with tons of post from many angry and annoyed customers.

Many users are complaining on coinbase reddit that their support tickets was not being replied by anyone even after weeks of waiting regarding their issue, it seems that coinbase does not even care about their reputation nowadays.
Perhaps they are seeing themselves overtaken by the abrupt increase in the number of transactions and that will happen to other platforms established so either face the challenge or another service will take its place, that simple, in the other hand if that is true, what worries is that users can not access when they want to do an operation since it would not be reliable anymore, so users will determine whether it is feasible or not depending on their experience with them.
102  Economy / Economics / Re: Future of the BTC on: June 18, 2017, 04:03:55 AM
Future of bitcoin better security of new currency some of us who see the dao program is so tragic because dao is are hacked and almost all of their coins sell on the market, bitcoin also have the very huge price right now, so there is a big chance that bitcoin future is the better security for all crypto currency
You are right but do not forget that it is not only about security of the blockchain, but also of the services that operate using this, even BTC has had to endure those reversals, I mean the sites that were hacked in the past, another case, sites with  fraudulent activity  abound and that is a big problem.
103  Economy / Economics / Re: bitcoin atm on: June 18, 2017, 03:46:22 AM
I know one bitcoin machine in my country, but based on the guide video that i watch, the machine charges quite a lot and the rate is quite bad if you want to change your fiat to bitcoin.
That must be for several reasons, but one of them should be because as it is not yet very broad its use, that is to say there are no rows of people waiting to use it, those who installed it have to recover their investment and / or ensure the maintenance of the equipment, besidesanother reason is that since they do not have competitors they still set the charges and keep them elevated.
104  Economy / Economics / Re: What would happen if Bitcoin became a legal currency? on: June 18, 2017, 03:34:09 AM
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
The price of the bitcoin will go to the moon because many people will buy bitcoin in that situation because the bitcoin is accepted and legalized in every manner that will be the best and the largest pump of the bitcoin that will happen. Because you can use bitcoin in every transactions.
And would also cause a total revolution in the way of doing business, I really can not imagine a thing of that magnitude, to clarify, I do not say it will happen or not, what I say is that such a thing would present many sudden technical and social challenges whose effects would be very difficult to predict or even to imagine.
105  Economy / Economics / Re: Can Bitcoin be created by Russia or China? on: June 18, 2017, 03:26:16 AM
Can Russia or China done such a thing to erase the dominance of the dollar over the world?

Generally, there are always governments behind such technologies. For example, StuxNet

This is just a conspiracy theory. There's zero evidence that Bitcoin was created by some government, the idea of replacing USD is extremely longshot, and since they don't control Bitcoin, it's not very beneficial for them if they don't control Bitcoin. If it was really created by some government, they would openly or secretly support it in order to make it universal currency, but we don't see it happening to any degree. Satoshi created Bitcoin as response to 2008 financial crisis, as a move to cut the influence of banks from our economy, and I find this explanation much more reasonable than some conspiracy theories.

That is something that may never be known, I mean like those cases that never resolve, people talk about them even for many years, and new theories begin to emerge from here and there, for example someday  somebody could surely say that  maybe BTC was invented by the aliens, etc.
106  Economy / Economics / Re: The Real Reason to Hold Gold And Bitcoin on: June 18, 2017, 02:25:42 AM
Rarity is the real reason why to hold Gold.  And the deflationary feature why to hold Bitcoin.  Both of these feature gives each items an increasing value overtime.  This is enough reason to hold Bitcoin and gold specially to those who is not familiar with day trading.  This will serve as an investment that will give us profit in the long run.
Precisely, the real reason why they hold the gold and bitcoin because it has value that increase day by day. Furthermore, most of people especially keep their bitcoin and gold for a long time because there’s a possibility that the price of bitcoin and gold will rapidly increasing in the near future. Holding bitcoin and gold is a nice strategy you want a high income.
That's how it is guys, both have rarity and  there is not much availability and if that is added its use, all this creates an increase in demand causing an increase in prices, to this it adds what the OP says:  the elites will try to suppress non-state assets, but won't kill them, even when given a chance.  In the long run, this presents something like a one-way bet for these assets, at current prices.
107  Economy / Economics / Re: could bitcoin be replaced by another crypto currency? on: June 18, 2017, 01:59:04 AM
In my opinion yes,  bitcoin will be replaced by another crypto currency in the future but not now because there will be problems for bitcoin in the next few years and somehow it will be hard to be solved so there will be the time of another crypto currency to take over bitcoin and be the new king which is most of the people will like to use as a replacement for their bitcoin.
What happens is that it may continue to be used in parallel, while it is the most widely used and has the security that it offers, there will be faster options and in fact there are, but depending on the use and what is required to do, besides while there is conversion between one and another, so from that premise it might be that BTC  may to have less probabilities that the rest of being replaced.
108  Economy / Economics / Re: Bitcoin is Falling...Is it Panic Time? on: June 18, 2017, 01:39:40 AM
Panic time? I don't think we need to panic. The price rise and fall, that's normal, isn't it? It doesn't mean that if the price fell today, it won't rise anymore. Panic will just lead to losses imo that's why I don't have plans of selling my BTC nor exchange it to other coins.

The price is actually slowly creeping back up to where it was. Now the price is at 2500+ again. You are right, panic will just lead to loses. I think those who panicked came back to their senses and now buying back.

That sounds right especially when the price seems to be recovering so quickly, however this does not mean that someone should trust that situation for just that, I say it's just to avoid surprises of some kind.
109  Alternate cryptocurrencies / Speculation (Altcoins) / Re: IOTA on: June 10, 2017, 04:40:35 AM
IOTA is the coin for the Internet of Things and has potential for a steady growth and a huge rise. Consider it as the Bitcoin for Internet of Things. On Tuesday, June 13, it will be traded on Bitfinex.
I dont know, it look overpriced before launch, besides the supply is huge, but in any case it must be very good information for those who are interested in that especially for the innovative aspect that it represents,
On the other hand the fact that it is listed there,it is already noticeable.
110  Economy / Economics / Re: Future of the BTC on: June 10, 2017, 04:28:47 AM
I think the future of bitcoin is about saving money, like gold. Secure asset to hide your finance of inflation etc.

Maybe, and if some day BTC  becomes to be outdated technology that should not affect too much, unless the transactions took months to be completed which would be apart from uncomfortable boring, but who knows why the opposite might happen too, the fact that it is immutable in supply it does not mean that it will not undergo adjustments in other aspects that might be required in the future to compete with its rivals for calling them in some way, in that case could even become better than gold or lose most of its value in the worst case.
111  Economy / Speculation / Re: Will we ever see bitcoin lower than 1000$? on: June 03, 2017, 02:35:40 PM
Even some months ago bitcoin'a price was 600$ but it started to rise and everyone sees how it become 1300$, than 1-2 month ago we had a little fall and lowest price was 890$ but than it returned to it's 1200-1300 and continued to rise and rise and we see what we get in result, bitcoin's price is 2750$ currently. This is very high rise and what do you think guys, will we see fall from 2700 to 1000 or even to 600$ ? Can we to forget worries of price fall?
I dont think so because bitcoin price right now is stable. It may not fall to 600$, it may decrease but not that to low. Bitcoin price was continuously rising few weeks ago so we dont need to worry about price fall.
Even unlikely things usually happen, why do I say this?, well because it's not good to take something for granted sometimes, what has been happening so far is that after a fall, the price ends up recovering but nobody really knows how long this trend will continue.
112  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum: Good alt or stay away? on: May 31, 2017, 02:20:30 AM
Current price is 0.09
I think ETH showed that he is number one alt this time. I belive, that price will go much higher. So yes, in my opinion, investing in ETH is good idea.
I agree with you man, Ethereum is a good altcoins because as you can see the price of it in the market, it was raising up until now. However, be a good observer to the situation especially to the traders that always play the price of altcoins.

Well, price growth has been surprising, but as I have heard, download the  entire blockchain it is a headache, and there does not seem to be many options available yet, so let's see what happens from here on out.
113  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: May 27, 2017, 02:22:45 AM
 If bitcoin price is $10.000, will fiat be worthless?

The question is not well posed because in the event of that happening in the future, giving it  value would then mean that fiat could retain their same value and not less value, everyone will use the best choice for him and about that he/she has at his disposal and obviously it is widely accepted, in this sense the fiat has global acceptance and it must be because it has been more effective so far,  still fiat has more advantages than plastic cards offered by banks in most everyday transactions for the majority of people in the world, but in order not to enter into discord, I will only say that the instruments only seem to be diversifying.
114  Economy / Economics / Re: Will silver ever skyrocket? on: May 27, 2017, 01:42:49 AM
Long term speaking, the price will surely grow

i believe so.

a few years ago, jp morgan chase bought something like 200 million oz of physical silver. jp morgan is the largest full service investment bank in the entire world. as entire markets are rigged, suppressed, and controlled by only a handful of people/companies, i wonder what they know/are preparing for???



Maybe they just diversified their portfolio and that's why they decided to buy that large amount of silver and much more because it's cheap, at some point the price could skyrocket, but many years may pass from those that have already passed and maybe even some investor could never see the profits in his entire life, for example silver often takes decades to see significant changes in price, perhaps the benefit is for those who trade large quantities of ounces, nobody would think about getting rich with one or two ounces only.
115  Economy / Economics / Re: China and price on: February 19, 2017, 06:09:39 PM
Current mild upward trend of bitcoin markets, is making me think that we may see an end of China dictating and slowing bitcoin by holding the price down.
Top 3 Chinese exchanges stopped withdrawals of BTC/LTC - normally this would cause huge uproar, chaos and panic sell. So why we are not seeing any decline?
But instead price is slowly gaining momentum?
Probably yes, but it would also be logical to think that the increase can be brought about precisely due to the impossibility of that they can make withdrawals of their funds which has led to a sudden drop in offer elsewhere, this coupled with the perspective of confidence that exists to maintain those levels.
116  Economy / Economics / Re: Physical or Paper Gold? Why? on: February 12, 2017, 08:02:16 PM
guys Smiley you say that paper gold is invested just 1-2 hundred years ago but you invest crypto currency which is invented just a few years ago. how do you explain that?

I understand that none of you have bitcoin in online wallets. all of you should have stored your cryptowealth offline Smiley

I understand your point of view, sounds paradoxical and maybe it is, what happens is that when a thing is disruptive, you do not have much time to stay thinking about this, similar to years or so,of  that way many people see a lot of potential more than paper gold, and is verified in the result of the last years, but yes the risk will always exist, on the contrary when you see that the value of paper over the years sometimes loses its full value sometimes you realize that it is perhaps the worst option  and guides some to other more attractive ways of investment. Maybe that's why some prefer to invest in crypto, I guess.
117  Economy / Speculation / Re: Sell or wait? on: February 12, 2017, 07:45:39 PM
i think is good this now youre selling , you have balance bitcoin
because china exchanger affect is can't withdraw pending one month about china regulation,  can bitcoin price is down

No point in selling just for that as reason. People are okay with it and understand that withdrawals need to be paused. People are relaxed about it because they know withdrawals will be activated again. It's not the first time Chinese exchanges have halted withdrawals. If the price happens to go down, then it will have a different reason. But for the coming weeks the range will still be $900-$1100.

However once the withdrawals are reactivated, some peoples would think that it would produce a sales volume a little more than usual, mainly due to short-term uncertainty with respect to these new regulations, so I would lower the expectation a little more, in addition, we must not lose sight of the issue of scalability and how it resolves itself.
118  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: February 12, 2017, 07:30:10 PM
The prices of Bitcoin is an important factor. As you can see, if the prices of Bitcoin keep going up, the number of Bitcoin will obviously increase and the adoption will proceed faster. We all want to see the future where Bitcoin will be the only currency on this planet.
I do not think everyone is looking for that, there is no way, one only currency across the planet, I do not think it's a good idea, and less that everyone should support that idea, I really do not know what led you to draw that conclusion that would be a good thing, on the other hand I think the price really does matter and depends strictly on the use of each one.
119  Economy / Economics / Re: Physical or Paper Gold? Why? on: February 12, 2017, 07:01:20 PM
I'll say it again.  Physical gold has been real money for thousands of years.  Paper gold/money has been around since paper was invented a couple hundred years ago, its new in historical terms.  Physical gold will always be money.  No government or person can change that.  Paper can be diluted and destroyed.  Promises of redemption can be broken.  Only real physical gold will survive any paper money crisis.
In fact I think you are absolutely right , paper is perhaps the most unsafe way to store value, since it's just a promise, no one guarantees that the one who makes the promise still exists at the moment of wanting to make the exchange in the future,  can also be altered due to humidity, breakage, oversights, running the risk that when presenting it to exchange it can not be accepted given the conditions of the document, definitely not a good choice.
120  Economy / Speculation / Re: PBOC really wants to keep the price of BTC suppressed it seems on: February 12, 2017, 06:42:06 PM
Why does Bitcoin need to scale? There are plenty of alt-coins for quick/micro payments. Leave BTC alone! If Satoshi wanted 2 MB blocks he would have made it 2 MB. If he wanted 1 min confirmation times, he would have made it 1 minute. Double your fees or wait hours, it's that simple. Stealing money from the miners because you are impatient/greedy is not the solution.

I'm afraid it's not as simple as that, maybe none is as safe as BTC, besides if the majority opted for another alternative, could cause it to stop being popular, on the other hand there is no code or thing that does not need to be perfected or suitable for use, if it were not so maybe we would still use the abacus to count numbers making a comparison in another context.
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