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10701  Economy / Services / Re: ❃❃ ▶▷ BETCOIN.ag ◁◀ ❃❃#Signature Campaign-High Pay, Monthly Bonus, Special Award on: June 17, 2016, 09:31:57 PM
Could you check on my payment for this last stage:
Stage 7: 2016-05-02 00:01 Forum time   -  2016-05-31 23:59 Forum Time

10702  Economy / Economics / Re: Long term OIL on: June 17, 2016, 02:29:08 AM
LPG is a off shoot of oil drilling, LNG can also be found with oil sometimes but I guess that is a fairly clean energy overall.   The BP oil failure was methane in that oil field, so common that exxon avoided the place as too risky if I remember right.    Most energy is related in some way, thats what makes electric cars kinda ridiculous as its just taking the fuel at a location elsewhere.   It does make sense in a city center I guess but its not magic, they still pollute

Kinda amazing oil got so high, I think its also related to a weaker then expected dollar in 2016.   No more rate rises before election is my guess so I dont expect oil to go back to $20


Quote
Rosneft: Market Cap of $52 billion. Daily crude production of 5.2 mbpd.
Shell: Market Cap of $197 billion. Daily crude production of 3.9 mbpd.
Chevron: Market Cap of $191 billion. Daily crude production of 3.5 mbpd.
BP: Market Cap of $94 billion. Daily crude production of 4.1 mbpd.
ExxonMobil: Market Cap of $378 billion. Daily crude production of 5.3 mbpd.

Theres a famous Uk fund manager who says all oil companies are overvalued.  Its not for this take but their ability to renew their reserves, I think the companies do track this worth themselves.    The cost of oil is alot of cases finding the resource to begin with and then establishing a line of supply, refining.   Once its all setup for production like you listed above the deal is done but they also have to repay debt in setup.   I think the hidden factor is the future these companies have or their cost of discovery.  I forget the exact term, BP and Rosneft are partly merged due to BP owning large Russian reserves at one point 2bn cost  20bn profit was nice Smiley
10703  Economy / Digital goods / Re: [WTB] Amazon codes, reddit, twitter accounts on: June 17, 2016, 01:54:35 AM
I just posted my reddit for sale here
https://bitcointalk.org/index.php?topic=1515161.0
10704  Economy / Digital goods / WTS Reddit account on: June 17, 2016, 01:34:01 AM
1 link karma
2,200 comment karma

5 character name.

PM me for further details with a rough offer
  Smiley


Badges:
10705  Economy / Speculation / Re: I'm dumping my bitcoins so you should on: June 15, 2016, 06:18:04 AM
I will dump @900 because everyone wants to dump @1000

People go for round figures, they might sell out more at 900 as everyone tries to jump the boat before it can sink :p   Sell at 850

The OP strikes me as FUD, if you can recognize the darkest hour and cause people to panic run then maybe you can get them to run over a cliff with perfect timing and get a spike down which enables some easy buying after the weakest but slow holders give up, easy bounce.   Typically people will flip into buying as they panic about missing out.

On purpose or not the thread caught a good low there.  Maybe someone could try to measure sentiment, keep an index vs real selling or volume in markets
10706  Economy / Speculation / Re: I'm All In - Sold My House! on: June 15, 2016, 06:04:29 AM
Doesnt a house cost maintenance as well, people talk of it as an investment but if its real then it has costs too.    If only insurance, any house needs total loss cover as part of a mortgage I believe.

The big deal of losing a house asset and gain large holdings of bitcoin is that in a normal capitalist system you can gain something by giving a benefit to others of your capital, most obviously bank deposits and interest and this is relatively secure.  Normally but with bitcoin Ive not really heard of that exactly but its not just a one off, if bitcoin is a real asset then this generally should be possible.  Companies need float or whatever.   If this doesnt exist and become a common instance as bitcoin rises above 1,000 again I wonder for crypto long term, it cant be one dimensional

However the interesting point is we have reached a point in normal fiat systems like dollar where cash barely earns anything, its no longer true capital (useful) or a capitalist society of holding.  Japan and a few places deliberately destroy this element of an economy and charge for those who hold cash with negative rates, I do wonder if this is the end game.    Dollar has some weird back door deal with the FED allowing banks to keep cash off the streets (avoiding inflation) with a false rate special available if they leave excess cash at the FED.   This is only possible if rates stay low as it costs FED alot, the irony with rising rates is inflation rises even faster I think and people will wonder why but its the smallest things that count imo
10707  Economy / Economics / Re: Why has bitcoin had success in China? on: June 14, 2016, 05:42:01 AM
China is tied to the dollar, its still got a fixed exchange rate I think.   Also many business export and deal with that problem of global commerce and inflation of their own national currency that funds politics as every country has.
  Its not like they have a solid system there, any country tied to dollar is probably a good target for bitcoin as a useful globally exchangeable currency ?
10708  Economy / Speculation / Re: I'm All In - Sold My House! on: June 14, 2016, 01:33:08 AM
  Canada is the only western country to own no gold at all to back its currency and I guess the countries main asset is oil.   With the price down now, they are effecively devalued vs USA which is heavily supported as a reserve currency so from that point of view its smart not to be exclusive to one country

Must say - whether you believe in this guy's actions or not - this thread is becoming EPIC.

Quite ironic he listed as a noob because of only having six posts but he is quite a legend really.   I still wonder why only the one asset of bitcoin, I'd assumed he had a house elsewhere but renting with friends can be cheap also
10709  Economy / Economics / Re: My bank account's got robbed by European Commission. Over 700k is lost. on: June 12, 2016, 01:22:58 PM
It seems like this is going to be a decade of financial theft.

Oklahoma just passed a law that police can seize funds if the "suspect" it was obtained illegally. They have card readers and everything.

Not sure this is new, any amount of cash notes or coins near 10,000 can be seized without trial and held indefinitely.   A few business which deal with cash have been taken over this way just because they might be a drug operation due to the cash, as the money taken is their float not profits but required to buy stock then it can mean employees just lose their jobs as police think the worst.


This is a logical end game to centralised money, Federal banking or in Europe the ECB.    The definition of capitalism is worth held by the people and with the producers, ie. normal business operated by private people.     When each note is tied to politics with nothing fixed in demand it can just be altered to suit the 'needs of the many'   Overnight that worth that was in the notes is switched to keep a bank alive somewhere and the people pay for what politics thinks is correct


Quote
stop cryin, that's just TAX EVASION catching up to you.

Some people will even agree all money belongs to government, people just lend it.   When they talk of QE I see thats how it'll end up, the books will be balanced by deducting a certain interest payment chargeable to every holder of dollars.  I dont think they can repay all government debt without the attitude of making all of the population pay for it via Taxes; not income that year just every penny you ever earnt is reduced
10710  Economy / Economics / Re: Martin Armstrong Discussion on: June 11, 2016, 04:51:54 PM
If stocks can go up in Zimbabwe even with the market being threatened by government, I think it'll easily go up in this case also.   Especially this is the case where the quoted companies have global business, the stock price is not reliant on currency this is where bonds are a failure as they can only pay out one thing.   The UK does have a large amount of inflation tracking bonds but this figure is a government statistic pretty much

Not sure how to be long volatility exactly, would that not be gold which is said to be inert and removed from currency considerations its flat over time.  The main argument being relatively its price is undervalued or put another way the dollar is overvalued now considering its debt risk (ie. bonds pay out dollars into circulation in the end game)

You should look at the work or studies of Marc Faber especially his look at the Mexican peso and stocks there over time.  I think he saw no loss but also no growth for holders of a national index over a decade.
He has experienced many extremes in finance even personally since the 70's  Some think he is biased but I'd say just well weathered by rough seas :p

10711  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BlackCoin (BLK/BC) | PoS | No premine | No IPO on: June 06, 2016, 04:21:55 PM
Please investors
Buy high - sell high
I am trying to buy high after buying there is someone doing a dump to price less Sad

The solution to that is for people to just use the coin whenever they can, natural buyers and sellers at every price.   Cant just be speculative vehicle.
10712  Economy / Services / Re: Re-Tweet our Tweet and get paid .0002 BTC on: June 05, 2016, 09:12:14 PM
Just did it

https://twitter.com/SabreToothTiggr
1DK34iqMAMaTJPtDMysNnEcBqywdYxEnV8
10713  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: June 05, 2016, 09:04:29 PM
What happens with paper money is it gets recycled constantly, so long its moved quick enough then that value is less important to each user.   If in future 1000 dollar notes were same value as we label 1 dollar now, its not quite the big deal we assume.   It wont bring dollar to a halt, the main fear spoken by bankers and in politics is a disorderly market.   You dont want that, its the nice way of saying collapse as the change becomes too great and the notes are refused in payment

The normal change of devaluation is normal though, how much normal people put up with before they emigrate is another matter.   Somewhere around 50% per annum might be it.  Sterling had 30% yearly devaluation in the 1970's, workers striked because their pay didnt cover bills.  USA had rates at 20% in the 1980's for similar reason to stop 'disorder'   people held dollars and it calmed down.
However the big Richter scale event waiting to happen now is that USA is broke at 10% rates, their debt is short term and the budget cannot be paid with that much interest.  Debt cannot be repaid, renewed is a default event and a very possible end to US dollar.   Thats a tsunami size change, Japan national debt cannot be repaid either however they have a good trade balance I think which in theory means demand for YEN
10714  Economy / Economics / Re: Why are Venezuelan not switching to Bitcoin? on: June 05, 2016, 06:35:00 PM
^^ The reason they would do this is bitcoin is a kind of proxy for the dollar which is highly useful resource to a country importing alot but with weak currency.   Also many countries have undemocratic currency restrictions, even UK had this at one point; that as a citizen its your duty to only use your own countries money.    Of course this is because its linked to tax and money printing, bitcoin famously controls its money supply hence its a useful balance to own

Quote
unless it is illegal
I dont know for sure but yes I believe so, they certainly restrict US dollar use to an official government allowed rate.  Effectively the government double taxes use of money they dont print, bypassing that monopoly is not appreciated

Quote
Why not? Is it not the plan to develop Bitcoin in the new world currency where I can buy products all over the world? I would love to see more user adoption, especially in the undeveloped worlds.

To be a main currency would require all business transactions to be digital, I'd be amazed to see this in Japan nevermind any lesser technology country.    We may get to see this experiment carried out if a major western economy fiscal balance sheet does start to slip, I doubt authorities would allow absolute free commerce though I personally believe its best
10715  Economy / Services / Re: Bitfortip legitimacy on: June 04, 2016, 05:26:17 AM
Good premise, you should write the screenplay on that one.   Jessica Fletcher  would totally catch them out
10716  Economy / Services / Re: Looking for users from USA/CAN/AU/UK/FR/DE. Paying $0.25 BTC! (Paid: $2.25) on: June 03, 2016, 04:35:47 AM
Iam from United Kingdom and can sign up to survey type website if need be ?  Let me know the details please
10717  Economy / Digital goods / Re: Need a facebook hacked $100 BTC REWARD on: June 02, 2016, 11:31:19 PM
Do you have access to the machine she uses for facebook because thats real easy if so and 100 way more then you need to spend.  Keylogging is very commonly used software even some businesses do this to their employees so theres a whole market for it.  If you already separated then fair enough
10718  Economy / Digital goods / Re: FS: Steam games on: June 02, 2016, 11:24:19 PM
I wonder if you can redeem it with a VPN thing or is that not possible on steam.  Try google before you lose money selling it and see if anyone done that.   I got games off Amazon that way but steam might be more of a pain not sure :/
10719  Economy / Digital goods / Re: Selling Reddit Account on: June 02, 2016, 11:06:24 PM
Which is preferable, link or comment karma.   I have some available maybe depending which is wanted most ?
10720  Economy / Digital goods / Re: << NEW BITCOIN PC GAME KEY SHOP - WWW.BTCGAMESHOP.COM - (WATCH_DOGS $40) >> on: June 02, 2016, 10:49:21 PM
My google foo is weak, help me young padawans is there any shop like this listed somewhere on this forum or all gone now ?
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