Bitcoin Forum
May 29, 2024, 11:23:03 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 [51] 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 »
1001  Bitcoin / Bitcoin Discussion / Re: So what happens on Monday morning? on: February 16, 2014, 09:35:54 PM
Maybe it doesn't mean Bitcoin was a success overall but it was a success this time around as it did recover and no real damage was done.
1002  Other / Off-topic / Re: Over/Under on when Obama will say either "bitcoin" or "virtual currency" on tv.. on: February 16, 2014, 09:34:15 PM
He will say it on national tv when he confirms he is banning it.
1003  Other / Beginners & Help / Re: Find places to earn and win FREE Bitcoin - Feedback welcome! on: February 16, 2014, 09:32:01 PM
They are not free if they take your time, and if they take your time you can as well just work.


At least you don't have to invest any real money into it though only time which is fine by me.
1004  Other / Beginners & Help / What determines the price of Bitcoin? on: February 16, 2014, 09:31:04 PM
If Bitcoin is not backed by anything what determines the value? I know it's a question which been asked a much now but none of the answers have been clear enough for I to understand.
1005  Other / Beginners & Help / Re: Start earn Bitcoins on: February 16, 2014, 08:07:49 PM
You should request this to be added to the main thread with all free Bitcoin faucets.
1006  Other / Beginners & Help / Re: I'm riding this ship to end. on: February 16, 2014, 07:32:32 PM
What do you mean to the end will you be using Bitcoin as a main currency and drop fiat all together or do you mean you are going to invest and sell at a later date for a higher price?
1007  Economy / Speculation / Re: Will Bitcoin become worthless? on: February 16, 2014, 07:31:12 PM
I have a question which I haven't found a good answer to will Bitcoin become worthless when there is 21 million Bitcoin in existence?

First, the answer to your question is no.

Second, there will never be 21 million in existence.  As a matter of fact, there will never even be 20,999,999.9769 in existence.

If not why would they not

Because when there isn't very much of something, and people want that something, it INCREASES in value. This is how the law of supply and demand in economics works. For example:  There will never be more than one "real" Mona Lisa painting.  After that one painting was completed, did it become worthless?

because Bitcoin is worth as much as it is now because people want to invest to sell for more in the future

Bitcoin is worth as much as it is right now because:
  • There isn't very much of it
  • The people who want it are willing to pay that much for it
  • The people who have it are unwilling to sell it for less

How do any of those things change when all the bitcoins have been mined?

when do we expect Bitcoin to reach 21 million.

The exact date is impossible to know right now, but it will most likely be somewhere around the year 2104 (give or take a few years).


thank you that explanation I think I have heard every thing I need to know now.
1008  Other / Off-topic / Re: Thought For The Day! on: February 16, 2014, 07:29:36 PM
"Anyone who thinks that money doesn't buy happiness doesn't know where to shop."

My $.02.

Wink

Love it they must be living in a cave and have not been wealthy in their life I'm sure extra money will always give you happiness.
1009  Economy / Lending / Re: 1 BTC Loan on: February 16, 2014, 07:27:27 PM
1 BTC sent. Awaiting collateral.

provide the transactions tx so the public can see you have actually sent that amount.
1010  Economy / Service Discussion / Re: Obligatory I'm not dead or running post on: February 16, 2014, 07:26:23 PM
I don't have any special way of contacting him. I don't know anything about his current status.

You might want to remove his custom title because it is confusing I keep thinking he's still a staff member.


So do you think he has run with the money or is trying to delay things and make a profit by selling and then buying back?

But the scrowed bitcoins hasnt been moved from the original bitcoin address , so maybe he has other troubles.

Yes that's only for the raffle you are talking about? He has different addresses for every single escrow which not many people will be watching I'm not saying that he has done a runner because hes handled millions worth of Bitcoin without any trouble but there is a possibilty.
1011  Economy / Lending / Re: 1 BTC Loan on: February 16, 2014, 07:24:15 PM
You are a new users asking for a loan and you refuse to offer any sort of valuable collateral? What did you expect.
1012  Other / Off-topic / Re: Anyone find any interesting news about anything? :) on: February 16, 2014, 07:21:44 PM
Have you seen the recent news about the famous exchange mt gox? that's some interesting news.
1013  Economy / Speculation / Re: Will Bitcoin become worthless? on: February 16, 2014, 07:18:28 PM
I thought I remember reading that we are expecting to hit 21 million Bitcoin in 2040 but won't Bitcoin lose a lot of interest when it does hit that amount I was under the impression Bitcoin was being driven by the media at the moment and the people who want to make a quick profit.

I believe that is 2140.



@OP
While those who wants to make a quick buck will create some ups and downs on the price, it is the general adoption of bitcoin that is interesting for the rest of us, and that should be a good old exponential curve in the longer run, due to the network effect.

Also, there is no technical reason why bitcoin should drop in price when we hit 21M. Just like gold didn't loose its value when the gold-rush was over

Oh maybe I did mis read that and maybe it ws 2140 I guess it isn't going to affect our generation the next question would be is Bitcoin going to be successful enough to proceed onto the next generation.
1014  Economy / Speculation / Re: BitCoin will never reach $100,000 or even anything high ever again on: February 16, 2014, 07:03:11 PM
I don't Bitcoin will ever reach that amount that would be insane but sure as time goes on Bitcoin is only going to become more secure and more security proffesionals will be involved in Bitcoin.
1015  Economy / Speculation / Re: Will Bitcoin become worthless? on: February 16, 2014, 06:59:02 PM
I thought I remember reading that we are expecting to hit 21 million Bitcoin in 2040 but won't Bitcoin lose a lot of interest when it does hit that amount I was under the impression Bitcoin was being driven by the media at the moment and the people who want to make a quick profit.
1016  Economy / Speculation / Will Bitcoin become worthless? on: February 16, 2014, 06:52:46 PM
I have a question which I haven't found a good answer to will Bitcoin become worthless when there is 21 million Bitcoin in existence? If not why would they not because Bitcoin is worth as much as it is now because people want to invest to sell for more in the future when do we expect Bitcoin to reach 21 million.
1017  Economy / Service Discussion / Re: Obligatory I'm not dead or running post on: February 16, 2014, 06:43:55 PM
Hopefully things will turn out ok for him if it is due to is health do any other members of the forum know him personally or have a way of contacting him?
we all now this is anonymous place just because of this nobody known others we all are doing here all this just as aliens  Wink

I would of thought him being a escrow he would of had back up plans if anything happened and ways of people contacting him.
1018  Economy / Service Discussion / Re: Obligatory I'm not dead or running post on: February 16, 2014, 06:39:06 PM
Hopefully things will turn out ok for him if it is due to is health do any other members of the forum know him personally or have a way of contacting him?
1019  Economy / Service Discussion / Re: Obligatory I'm not dead or running post on: February 16, 2014, 06:32:00 PM
I don't have any special way of contacting him. I don't know anything about his current status.

You might want to remove his custom title because it is confusing I keep thinking he's still a staff member.


So do you think he has run with the money or is trying to delay things and make a profit by selling and then buying back?
1020  Economy / Service Discussion / Re: Obligatory I'm not dead or running post on: February 16, 2014, 06:07:03 PM
So what's the currnt update on this? He still hasn't returned and how much Bitcoin is he holding at the moment for people?
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 [51] 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!