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11021  Economy / Digital goods / Re: [WTS] M4A1-S | Knight Minimal Wear with 2 crown (foil) stickers - 0.85 BTC on: November 19, 2015, 02:09:07 AM
I'll reply in case anyone mentions getting one, I know people who held them before M4A1 nerf so you never know what'll developers will change next.    I'll let you know, it's too much for myself, whats the float on it?
11022  Other / Off-topic / Re: Your favorite video games of all time on: November 19, 2015, 02:02:43 AM
Prince Of Persia

You must be a real old-timer.  Smiley

I remember Prince of Persia, it was a real class game in its animation and just general game design and movement.   First of its kind to be that smoothly done I think.   Anyhow all the great games now have an origin in the old timer games pretty much

Heres another favourite of all time: DOOM also a giant leap forward and they are still spinning off derivatives now.   People call it new but basically its son of Doom Smiley   (except games now are 10x larger but not always better imo, if the gameplay measured upto the graphics people would surely be saying Battlefront soon enough but I doubt it.  Sorry to be old and sceptical :p)

11023  Economy / Exchanges / Re: Which company sells BTC for cash??? on: November 15, 2015, 10:29:17 PM
Just to state what should be obvious, there is a reputation system on localbitcoins and you can easily choose to just favour established traders.    Someone who wants to swap cash and has never been seen before is obviously quite iffy.   Its very easy to opt for somebody whose traded hundreds of times before and will be happy to communicate and answer any questions beforehand, its not really a benefit to them to risk trouble
11024  Economy / Speculation / Re: That is it. Bitcoin is totally unpredictable. This market is fake. on: November 15, 2015, 10:14:14 PM
Very simple trading rule, never sell lower than you bought, even if the price movement scares the shit out of you
That is not trading at that point, its investment and you have to risk that the loss may be total which is possible with anything.   Trading will sell at a loss as and when the original premise is no longer true, that typically a short term rise has not occured.    What he might do is consider options of some kind, which is risk but capped off to certain set gains and losses.  Total risk, never selling, hodl or however its put is step in the wrong direction except with really small amounts especially on a personal investor who cannot write off the losses over six years like limited company may
11025  Economy / Speculation / Re: That is it. Bitcoin is totally unpredictable. This market is fake. on: November 15, 2015, 07:05:19 AM
An unpredictable market would make it more realistic not less.  If everyone knows whats going to happen thats when the dynamic is probably false.    Seems any normal market is one guy trying to get one over someone else for a profit, thats plain simple capitalism and yet a useful price is found for all market participants and its still more positive then fixed or controlled prices like a government system creates

So long as most news is kept open and known to all then its fine, if theres any false accounting or giant reserves of bitcoins somewhere (or hidden buying as China has used with T-bills and gold) then we're in trouble
11026  Economy / Speculation / Re: The Everything Bullish Thread (Bullish Media Center) on: November 13, 2015, 11:31:45 PM

Good discussion and I agree bitcoin probably should be formed this way of settlement not literally every transaction.  However i dont think it'll be a reserve currency kept back in a vault.  Its going to be transactional if sucessfull as its not absolutely level or inert uneffected by economies like a reserve currency probably should be.  Im pretty sure Bitcoin is a velocity driven currency effected largely by its own users to find a value in its unbound adaptiblity which is great
11027  Economy / Speculation / Re: I AM HODLING on: November 13, 2015, 10:56:46 PM
I have bought bitcoin, because in my local exchange bitcoin price ranges at $320, while in the other exchange prices ranging $358.
so i will HOLD Smiley

Sell them on the other exchanges, get the extra money,  buy more, rinse & repeat.

Sounds like me, I generally dont buy till it appears to be a bargain.   Thats generally poor reasoning when it comes to markets.   The second 'suggestion' is market arbitrage which I think is healthy and it does have some risk to it but if nobody uses these coins it'd be very much a negative, its not a raffle ticket.
   RAffles are often done for charity, theres way more money to be made in commerce so I hope bitcoin is used, even if its bridiging two exchanges for a quick profit.  Those exchanges themselves are making a profit, distributing, providing an market to small partipants - liquidity as the big bankers would argue, so I figure its alll good
11028  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: November 13, 2015, 04:02:54 AM
1kBTC right now is worth more than 300k$
For many people is more than their lifetime savings. Do you think they trust bitcoin enough to put all their savings in it ?
I wouldn't.

Its in the question, the definition of retirement savings would be you are putting most of your capital into that.   Its not a good idea to own just one thing expecting it to grow but the OP question was this, how much to retire


The falling block reward is something of a time bomb. That means it has to rise in value to sustain large scale, and thus secure, mining or process many more transactions to make up for it. It's either success or death and staying in the few hundred dollar range in the far future equals doom.
I thought I read that it was also about rising transactions per block, this makes sense as often a working capitalist system is efficiency and mass production not large size alone justifying a system
11029  Economy / Economics / Re: Bitcoin or gold? on: November 11, 2015, 09:34:04 PM
Gold has intrinsic value. All other currencies depend on belief of the users. A Bitcoin has no real value. It's worth is 0. It's nothing but text on a computer.
Bitcoin is valuable because people believe it has value.
So gold hands down.

Now you've done it, the bitcoin mafia will hunt you down for that statement  Grin

Its not quite true its just belief, they both have a use and unique characteristics to them.   People like to say well gold is only valued because its shiny but thats not it alone, its a few different things in combination and partly that its quite rare and hard to get hold of.    It doesnt degrade over time , its durability allows a young man to keep it and sell it as an old man and it still will be the same thing and in a world of computers and redundancy this is becoming a rare attribute
  Bitcoin isnt valued just from pure hype, momentum, velocity, speculation but it has its uses also and its extremely fast and divisible into the smallest parts with little bother to handling it which really aids a fledgling micro economy like the internet or like global trade where we have rich people in one country wanting to speak to, involve and transmit value to almost third world members in the opposite part of the world.   Even this alone, the ability to connect and communicate a trade over so vast a distance and gap between people is what helps make up the core of bitcoin value, any aid to trade so distant and rare would be useful and stand the currency itself as valuable even if nobody absolutely needs it just like nobody has to have gold
11030  Economy / Services / Re: ★ Dustdice.com ★ AVATAR + PM CAMPAIGN - Join NOW! on: November 11, 2015, 08:23:03 PM
As per the message I received, I have now changed to the new sparkly avatar, behold witness the awesomeness Cheesy

11031  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: November 06, 2015, 07:24:52 PM
Why not safe guard yourself and have more than 1? You never know, they might impose a tax in the future if you hold more than a certain amount. It is the future so who knows but always prepare some kind of trust fund for a rainy day is my motto and it has served me well in any financial situation I have faced so far.

Because its not a certainty and it is possible for BTC to have no value.    Its fairly certain gold will go up in value, why not have alot of that; the main reason is gold is not a useful product (by itself) and literally it can weigh you down if price falls its a liability.  
  The same question faced people in the housing boom, if 1 house will rise in value then why do you only own 1 house, why not 2, 3 or more.  Really its the same answer, you only need 1 house and prices can fall for 10 years maybe and you have the problem of paying bills on all those things you dont need or use meanwhile.   Of course people buy too much, then sell altogether at a loss which is a main cause of longer low prices and price spikes.

Basic conclusion is dont over invest in anything and definetly not purely bitcoin alone, not many of us absolutely require to have alot so its just speculation or gambling.    If you are already rich then sure buy a few as pocket change for a rainy day, compound interest on mortage debt often makes that most compelling for average people
11032  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: November 06, 2015, 03:57:57 AM
You're wrong,

You wont even need a full Bitcoin.

This is correct, if we are seriously discussing 20 or 30 years 'retirement'     Either bitcoin will exist at that point and be used, have worth exchanged in various retail trades or it will be dust in the wind.

If BTC really is being used in 20 years its going to be worth a ton, 21 million vs billions of people, even if only 1% of those are using it makes that system of worth alot per coin.   1 bitcoin will be all you need, I concur :p
11033  Economy / Services / Re: ★ Dustdice.com ★ AVATAR + PM CAMPAIGN - Join NOW! on: November 05, 2015, 12:24:50 AM
Avatar and PM please, can I confirm its 0.02btc for 30 posts between now and  1st Dec

MP: sabrett
posts: 1146
Position: Hero
11034  Economy / Digital goods / Re: Counter-Strike: Global Offensive & Distinguished master guardian Ready to Play on: November 04, 2015, 12:21:18 PM
Because you get the free rank ready to play, buy the plain game if you prefer of course.   Takes about a week to get to competitive mode, then another week to find your rank after 10 games and a few just want to start right away
11035  Economy / Digital goods / Re: Counter-Strike: Global Offensive & Distinguished master guardian Ready to Play on: November 04, 2015, 01:01:53 AM
PM if interested really, I'll respond quicker.  But no the price is flat pretty much but let me know if you are interested in a deal

What does it mean "Sale of account"? and What will I get if I pay for it? I just didn't get it!
Its just a spare account, sometimes people prefer not having to play a new account through casual games.  Maybe different rank is useful and so on.

I'm lowering the BTC price to 0.04 for a quick sale as I want to buy a different game
11036  Economy / Services / Re: E-Coin November Signature Campaign[Upto 0.2 per month] + Best Poster Bonus on: November 04, 2015, 12:23:58 AM
UID: 124876
Bitcoin address: 16BcbGtBgrRbDbGrtnWnVfFM36ENfadLa5
Starting Post Count(including this post): 1144
Forum Rank at time of entry: sr member

No reason I cant take a lower spot I hope ?
11037  Economy / Services / Re: E-Coin November Signature Campaign[Upto 0.2 per month] + Best Poster Bonus on: November 03, 2015, 02:24:51 AM
UID: 124876
Bitcoin address: 16BcbGtBgrRbDbGrtnWnVfFM36ENfadLa5
Starting Post Count(including this post): 1143
Forum Rank at time of entry: Hero

Let me know where/if you can slot me in this month
11038  Other / Off-topic / Re: Am I the only girl on here? : ( on: October 30, 2015, 02:22:13 AM
I would guess less then 5%
11039  Economy / Digital goods / Re: Counter-Strike: Global Offensive & Distinguished master guardian Ready to Play on: October 25, 2015, 09:07:49 AM
Boosting takes alot longer.   See price below
11040  Bitcoin / Bitcoin Discussion / Re: Silk Road Founder Ross Ulbricht Sentenced to Life in Prison on: October 23, 2015, 02:35:29 PM
It quoted him as saying: “The problem with my father is that he’s not practical. He was always going to lose.”

That makes him an idealist not a master criminal or anyone who is danger to society.   He was treated like a political prisoner in a dictatorship

If anything Im more inclined to believe he was correct and this government can only enforce itself by threat and violence not by laws and standards of a democracy where any are free to peacefully protest
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