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10901  Other / Off-topic / Re: How many of you signature campaign posters sell your coins once you received it? on: April 22, 2015, 11:26:14 AM
I don't sell any. Every time I reach at least 0.25BTC I mix the coins and then send it to one of my cold wallets.
10902  Bitcoin / Press / Re: [2015-04-21] Bitcoin Exchange in Chile Gets Funding from Government on: April 21, 2015, 11:26:40 PM
The title of the article is more interesting than the article itself. As pawel7777 mentioned, the chances that the government really has interest in Bitcoin is pretty low.

It might be an investment in the future as they are looking into the possibilities of the blockchain for every day use.
10903  Bitcoin / Press / Re: [2015-04-17] CoinTelegraph - BitPay Reveals (Good) Reason Why BTC Price Is Down on: April 21, 2015, 11:21:13 PM
Instead of calling it "news" we have to say "old shit" as most people already know this. Block halving might give the price a boost, but only for how long?

There is barely fresh money comming into Bitcoin which might be an indication that after the halving we will go through current stage once again if no fresh money comes in.

Bitcoin price will only be able to recover when most merchants decide to hold the majority of the coins instead of converting them directly into fiat.
10904  Economy / Speculation / Re: is Bitcoin going to crash to as low as 200 usd? on: April 20, 2015, 09:05:32 PM
it is not going to, its been  already crashing for a long time!

It's going to keep on crashing because you don't get any interest % on your BTC and likewise once the Fed starts raising rates everyone would jump on the USD and forfeit the BTC.

USD in the long run provides more security and interest % as well.
True, it has been a worse investment for the past 7 years but no more.


Bitcoin currently is a great long-term investment, people only get affected by short-term downtrend and therefore think it's a horrible invesment.

Browse through the entire forum and you'll see very little fiat fans. Most people here believe in Bitcoin which will pay off big time eventually.
10905  Economy / Auctions / Re: [Domain] bitcoin.reviews on: April 20, 2015, 08:58:48 PM
Jump.
10906  Bitcoin / Bitcoin Discussion / Re: How much and why do you admire Satoshi's work? on: April 20, 2015, 08:55:43 PM
I am finally able to send and receive payments without having to worry about my account getting freezed. It happened so many times with PayPal.

I am also able to have full control of my wealth. Especially the fact that governments and banks can't do shit now. I thank Satoshi for that  Smiley
10907  Bitcoin / Press / Re: [2015-04-20] Bitcoin is exempt from VAT in Spain! on: April 20, 2015, 08:50:51 PM
I hope it will stimulate merchants to get on board and start to give customers the ability to pay with Bitcoin.

Especially now Spain is known as Bitcoin friendly. If this isn't reason enough to accept Bitcoin as a merchant, I don't know what will.
10908  Bitcoin / Press / Re: [2015-04-20] Investopedia: Why Governments Are Afraid Of Bitcoin on: April 20, 2015, 08:41:28 PM
I don't think there ever will be a government willing to fully adopt Bitcoin as they can't control everything around it.

That doesn't say they won't make a Bitcoin clone for themself where they control every process in full. That's more likely to happen at some point in the future.
10909  Economy / Speculation / Re: Do you think Buffett was right? on: April 19, 2015, 08:01:29 PM
Google Wallet just got a lot safer

"Google Wallet will now be FDIC-insured, which means Google users’ money is now a whole lot safer"

https://finance.yahoo.com/news/google-wallet-venmo-paypal-fdic-insurance-215842545.html

Don't think much people here are impressed with that. The Google definition of "safe" means nothing as you still are exposed to everything bad related to fiat currency.

With Bitcoin I own and hold my funds, and they are securely stored and only accessible by me. No government or service can freeze it, seize it, or entirely close it down.
10910  Economy / Economics / Re: Bitcoin is not a bubble on: April 19, 2015, 07:53:26 PM
Bitcoin is a bubble. It's basically the year 2000 where companies become overvalued and such.

It should burst anytime. Most likely during the block halving next year.
The price is decided by the balance of supply and demand! When the block halving happens next year, the adoption rate will be high enough as the bitcoin ecosystem is improving. The supply suddenly halves, the price definitely will skyrocket.

+1
Halving will be good for Bitcoin because less freshly mined coins will enter the market.
It's also not overvalued, it's actually undervalued now at $200. If only 1% of people in the world owned Bitcoin we'd be at another ATH.
More coins should be bought than sold each day to cause a price increase, and people aren't buying anymore since they can pay with other methods that are familiar with them. Many bought bitcoin just because the price skyrocketed to $1000 per coin and they thought that it would rise again.

Another reason why people aren't buying coins right now is because of its low price. Let's admit it, not every person in this world is willing to take the risk on buying an asset that has a low assurance of making them money. Not all of the people are risk-takers; most of the people tend to follow a path led by successful figures. Remember what happened during Nov. 2013 ATH? The upward price surge isn't only caused by the bots and China, it is also caused by the hype of making some money in bitcoins.

There are plenty of people who start with buying once they see the price is getting up, but the risk there is that you buy in at the wrong moment. (too high)

Which means that there is always risk, buying Bitcoin at the moment of panic is the best option if you want to make good profit.
10911  Economy / Economics / Re: destroying bitcoins on: April 18, 2015, 07:55:05 PM
Only dumb people destroy capital. It just doesn't make sense to burn your money while you paid or did a lot effort just to get it.
10912  Bitcoin / Press / Re: [2015-04-18] - CT: Why Bitcoin's Killer App Is Going to Look Like Popcorn Time on: April 18, 2015, 07:51:28 PM
I don't think popcorn time will ever reward seeders for their bandwitdh. Why paying for something while people will do it for free.

If there will be a killer app for Bitcoin in the future, it will definitely not look like popcorn time.
10913  Economy / Speculation / Re: Reality is sinking in... We may not see $1200 again. Not in 10(?) years. on: April 18, 2015, 07:39:22 PM
If you browse through the forum then you will see people saying $10K within a few years, etc. Which is pure nonsense.

If you just be, and think realistically, then it would be a miracle if we see and manage to stay above $1000 within 3 years.
10914  Economy / Digital goods / Re: [WTS] Several domains. on: April 18, 2015, 07:34:16 PM
Wow these domains are pretty nice, good luck!  Shocked

Thanks  Wink
10915  Economy / Digital goods / Re: [WTS] Several domains. on: April 17, 2015, 09:15:23 PM
All domains have now a buy now price listed. Each domain will go for $10 PM me. Don't waste my time offering lower than that.
10916  Other / Archival / Re: Bitcoin Core download whole blockchain after crash. on: April 17, 2015, 08:59:24 PM
Mod delete this thread please. Problem is solved.
10917  Economy / Services / Re: Up to 0.035 BTC weekly for YOUR SIGNATURE *New rules on: April 17, 2015, 08:55:15 PM
You should raise the payment for Sr and above or else its going to become the lowest paying signature campaign.

What a nonsense post. Why should they raise the payment? You are free to join any other campaign if you don't like what Bitmixer offers.

And btw, you don't have to worry about what Sr members earn as your member level is far below that  Wink
10918  Other / Archival / Bitcoin Core download whole blockchain after crash. on: April 17, 2015, 08:37:13 PM
I had to reset my computer yesterday while Bitcoin Core was running on the background, and after opening Bitcoin Core it told me there was something wrong with the blockchain.

It said it was re-indexing blocks or something like that, but it was actually downloading the blockchain while the entire blockchain is where it always was..  Huh

What should I do now?
10919  Economy / Speculation / Re: POLL:How likely do you think it is we see double digits in 2015? on: April 17, 2015, 08:27:10 PM
I voted for 0-20% as it is not very likely to see double digits this year.

If there would be a reason for it, then the Bitstamp hack could have triggered double digits. But it didn't.
10920  Bitcoin / Bitcoin Discussion / Re: Why do we assume that Satoshi cashing out his coins would be noticeable? on: April 17, 2015, 08:23:42 PM
People like to think he will dump his stash in one go causing the price to plummet real hard.

They don't realize that you can slowly sell without leaving marks or hurting the market.
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