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1201  Other / Archival / Re: Should we sell btc? on: February 27, 2016, 07:10:24 PM
Selling right now would be a bad thing to do. Just be patient till the end of this year or just august.
I am curvacious was to what we can expect form the halving.

It could be very good, price wise.
1202  Economy / Gambling discussion / Re: Do you consider trading as gambling? on: February 27, 2016, 07:05:10 PM
Well the difference is that gambling can make you lose ALL of your money.
With trading is not likely you will lose all of your money. So no, both of them are quite different.

Exactly gambling is risky and not safe while trading can be lucrative without having to deal with this risk.
I know for a fact that trading IS profitable and gambling NOT.

Simply read the stories online and you know what I am talking about.
1203  Economy / Economics / Re: Let's Be Honest. We Are Waiting for $100/BTC to buy on: February 27, 2016, 07:01:08 PM
Well you can wait what you want but this will not happen. I've seen the new low at around 300 dollars.
Spending it around that price is normal.

Anything below it is just like giving money away.
1204  Bitcoin / Bitcoin Discussion / Re: Are you holding your bitcoin for a price increase? on: February 27, 2016, 06:55:45 PM
Offcourse the price will go up eventually and with that i see many possibilities to get a decent profit.
Else well i feel happy to be into the bitcoin revolution.

It's fun and very exciting.
1205  Economy / Speculation / Re: 232 days before bitcoin block reward halving on: February 25, 2016, 10:59:44 PM
I'm not sure the effect of halving will be the one expected...

I mean logically less mining reward means less btc supply means higher prices no?

Well in theory.
But from a practical point of view, I'd say that the halving will mostly only mean a HUGE dump of the massive accumulation of last months.
So I'd bet on a huge price crash in fact!

Last halving, the effect was dramatic, the price rose to $1200 from $12. This time, it should be much lower, maybe from $500 to $5000.

$500 to $5000 is very very very  high...
$300 to $1000 is more realistic...

You are right, 500 dollar to the 5000 dollar is a bit to high search if you asked me, I think its possible but it will take a lot of time before it can even reach this amount.
Also if you think about the point the bitcoin earlier did rise from a low level to a high level its possible, but right now its highly unlikely due the marker.
The 300 dollar range to a 1000 is possible this year, I even think this will happen when the halving has been done because that is in the range of the bitcoin right now.
Of course its not to predict maybe the bitcoin is even gonna rise to a higher level this year.
1206  Economy / Speculation / Re: The future of Bitcoin on: February 25, 2016, 10:52:05 PM
Well if you ask me this question is very open minded because there is a lot possible in the future of the bitcoin, as you can see the bitcoin is already getting bigger these days.
Another thing is that the bitcoin is getting bigger and is going to a higher amount on a long term, so that is another good thing about the future of the bitcoin.

My conclusion is that the future of the bitcoin is very bright due the possibility it can be become a real currency on a long term and also that it has potential if you look at the price that can jump in the future.
1207  Other / Off-topic / Re: The craziest shit you can buy with bitcoins right now? on: February 25, 2016, 10:40:19 PM
It might be a shop that sells classic guns which are not in working condition.

The current legislation in EU permit to buy such items from various countries and easily make a working
Kalashnikov.
Check Slovakian and German AK.
This item is legal in EU and banned in USA:



I think this is really sick this is possible now a days, these days everything is possible to buy with the bitcoin because its untraceable.
But I think this is going way to far if you ask me, this is just not allowed and I now can see why terrorists can get a weapon in Europe, they not even have to search hard for it...
You can buy all kind of things these days, I saw someone selling drugs I thought that was the limit but this is just going to far in my opinion.
1208  Economy / Speculation / Re: Bitcoin to go to US$800+ on: February 25, 2016, 10:27:19 PM
I think this can happen but it will take some time, this year its definitely possible, I think we just have to wait till the halving has been done.
If the halving has been done we get to know it for sure and 800 dollar is even possible without the halving if you ask me, maybe it will reach this amount before it.
Although I think its highly unlikely it will hit it before the halving this year its possible but then we now already need to see signs from risings, however there are some.
1209  Other / Off-topic / Re: Do you actively spend your bitcoins? on: February 25, 2016, 10:21:52 PM
I do not spend any bitcoins these days, I'm have my own reason for this and also because the halving is coming this year so that is a important reason for me.

The first reason for me is because I think its a waste of money there are not many stores that are already accepting so I prefer to pay with real money.
My second reason is due the point that the halving is coming and I want to use the halving to make profit with all my bitcoins, I do not want to waste money on other things.
You can of course spend some bitcoins but I think its the best to hold your bitcoins and wait for the halving plus the market is also getting bigger everyday, maybe I will buy things later in the future when more stores are accepting in my country.
1210  Economy / Speculation / Re: 2016 will be a boring year for bitcoin on: February 25, 2016, 07:53:33 PM
I think 2016 will be a good year for the bitcoin and not boring at all there is gonna happen a lot if you ask me, the halving is also coming so that is the first thing that is good.
The halving will let the price jump this year so that is not boring at all and there is a lot of possible this year due to the halving that is coming.
Also the point that the bitcoin will get bigger this year and maybe will be getting used more by big company's so I think its gonna be a very active year for the bitcoin and the users of it.
1211  Economy / Goods / Re: Bitcoin Swag - T-Shirts, Mugs, Phone Cases, Posters - Premium Quality on: February 25, 2016, 07:28:53 PM
I'm thinking of buying some kind of t-shirt with a bitcoin logo on it, I already was planning it a year ago but I never thought about it anymore,
Plus I thought I must make it by myself, but this is now not needed anymore, thanks to you guys I think its good to have such a t-shirt you are attracting people for sure.
I'm buying a t-shirt with the bitcoin logo next week, nice work guys I really like them and I hope more people are gonna but such t-shirts and other merchandise.
1212  Economy / Gambling discussion / Re: Why is gambling so addicting? on: February 25, 2016, 07:21:33 PM
Gambling is very addicting because its fun to play and also enjoying, some people forget they are playing with money.
Plus you also got the people that want to win their money back because they want to make profit.

Well you need to know that playing with money is very difficult and very frustrating if you lose your money but if you really like to profit keep on playing maybe your lucky this day if you play

but it would be worse if you continue to play and just wait for luck. at least you have a strategy and a good knowledge if you bet on sport gambling.

Yes sports betting is great if you know what team or who are you gonna bet on or who is leading if you know the player performance, because in other gambling platform there is no need for strategy it is all on your luck, but I think the only way you can lessen your losses is by keeping a safe zone on your money you will bet.

Yes for some reason sportbetting have a really good payout if you can gather good information there but there is still a chance you will lose although you have a good prediction out there but by keep your money on safe zone I dont think there is a good way to increase your money because our wallet is not bank that give you some percentage every month so if you want to get more and fast money, gambling is the only way

Yup that is the only way you could win with sports betting but in other circumstances there will be a chance that the opposing team will win for example just like what happen with the golden state warriors that keep their pace on winning up to 30 plus then lose it one time that end their streak, what if you have bet on that part that they had lost it then it is still gambling you can still lose it.

In other gambling platform I dont really gamble that much I just play it one time if I to play and I usually have a safe zone that I stop betting when I reach it.

That is good, gambling can be very addicting I also gamble sometimes but not much due to the point that is very addictive and you want to win so bad, I sometimes start to get greedy if I'm honest.
I think you always have to control yourself if you start gambling, just like you said create safe zone, you have to know when you stop otherwise you will keep playing and before you know you have lost a lot of money because of it.
I also think gambling can be addictive due the adrenaline it give you sometimes and also the point that you can win a lot of money quick. 
1213  Economy / Speculation / Re: Bitcoin price falling?? on: February 25, 2016, 07:10:19 PM
Price goes up and down, just part of the game =) I think people are cashing out to pay bills after the holidays. But there are many factors.

You are right I think people are just transferring there money to have some money on their bank account or something.
Its always a question when the price drops to a lower amount, I think it will only be for a while and than the price will go to higher amount again.
The bitcoin price can lower because of a lot of aspects and its always unpredictable, but one thing thing that is sure is that the price always is getting back up, sometimes its taking a lot of time and sometimes only a day.
1214  Economy / Economics / Re: Bitcoin or Gold? What would you pick? on: February 24, 2016, 10:33:10 PM
Neither! Gold will be banned everywhere and Bitcoin is irreparably broken.

Until now, all crypto coins have been marketed to investors.

The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation.

Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.

Bitcoin the better gold.

Word.


This redudancy + partionning paradox is extremely hard to understand for a newbie who's native language is not even english...

It would be really appreciated if someone could rephrase this paradox summing up with easy terms what is the issue and its consequencies Grin

I am years ago of your computer science knowledge and I may stay years ago of your knowledge in this field for the rest of my life since it isn't my study field.

Thank you in advance.  Grin

Hopefully r0ach and others can offer their laymen's summaries.

What you need to know is that Ethereum as it is currently designed can't scale just as Bitcoin can't scale, but the level of scaling which the current Ethereum can do is much less than even Bitcoin's current limitation because verification/validation of Serpent scripts takes more resources than verification/validation of ECDSA signatures.

For both Bitcoin and Ethereum, this is not just an issue of block size limitation. The issue is that in order to scale, the mining becomes more centralized. I think you will should note that Bitcoin and all other major coins are entirely centralized already and on the precipice of failure (all of them! study my links!).

Thus Ethereum proposed Casper which is a design that attempts to use sharding (a.k.a. partitions) to improve scaling decentralized. But I explained in this thread, that can't work. To reduce electricity consumption, Ethereum also proposed PoS-like consensus-by-betting with forfeitable deposits. PoS has known failure modes that violate Nash equilibrium.

So the point of all this is that Ethereum and all the rest of the crypto coins have not yet solved the fundamental issue of decentralized consensus.

If you want to read a theoretical discussion of why, I did that too.

Okay that is enough from me. Adios.


I do not believe they will confiscate gold for there is no intention to return to a gold standard as Roosevelt did in 1934. He confiscated the gold FIRST to profit from the dollar devaluation in 1934. He also wanted to end people hoarding cash outside the banks, which is the same problem we have today which they are addressing with moving electronic and cancelling high denominations. However, what they will do is confiscate gold if you tried to leave the country with it or you travel with it domestically using the Civil Asset Forfeiture laws. That would be the same as if it were cash.

It does appear that old pre-1965 silver coins may be best for small commerce. However, keep in mind that the government may declare any transaction in gold or silver to be illegal and they then get to confiscate all assets involved. They can easily just pass a law and declare anyone dealing in some off-currency exchange to be “money laundering” to hide from taxes. These people will do whatever they can to retain power.

Also keep in mind that as they become more and more desperate for money, all legal forms used today will vanish at the order of any judge.

[...]

So will they confiscate gold? I doubt in a wholesale basis, however, they have shut this down as far as gold being portable. You cannot jump on a plane with a suitcase full of gold as you once could decades ago. So just be prepared, they can make it illegal to conduct a transaction in it.


Governments everywhere are going broke. Despite what people think, gold may yet make new record lows under $1,000 in the months ahead. Canada has sold off the majority of its gold reserve into this rally, leaving less than a ton remaining. There is NO intention of returning to a gold standard. They are moving fully electronic and intend to eliminate cash everywhere. In so doing, the “official” view behind the curtain is that they no longer need gold.

[...]

I have been warning that gold is not really the cornerstone of government nor is it interesting to big money in the context of physical possession. It is a hedge against government for the average person. Governments are turning away from gold, and as they cross that line and head into the sovereign debt crisis, they will sell everything and hunt every person to grab as much wealth as they can to keep their jobs. That is what we are dealing with.

I totally disagree due to the gold has always been a nr.1 currency's globally, I do not see this happen with the bitcoin because the bitcoin still has to proof itself, also its digital so it can be destroyed and it has a lot of downsides because its digital if you ask me.
The second reason is that gold is already used for I do not know for how long, the bitcoin is new, think about what I'm gonna say now, the bitcoin is a digital currency and it can collapse as you can see its very unstable and also got a bad name if all currency's will collapse which currency will get used again ? Gold of course because that is the primary currency on the world, gold is a lot bigger and also very stable and it can never get destroyed if you ask me.
1215  Economy / Service Discussion / Re: Why do some Signature Campaign gives more btc on Gambling Thread? on: February 24, 2016, 10:27:04 PM
if you can reach your target audience which for most campaigns is gamblers than your advertising is worth a lot more than advertising to altcoiners or people in need of loans etc


Indeed, this is the reason why you are getting more bitcoins for posting in the gambling section, because you are mostly advertising for casino websites.
You are speaking if you post in this section to the target from the whole casino, so they will give you more bitcoins its not difficult to understand that right ?
I only see this at casinos that are doing signature campaigns but more websites should do this like this because there are more sections for other targets from different signature campaigns.
1216  Economy / Marketplace / Re: Would this be a good idea? on: February 24, 2016, 10:19:19 PM
Its a good idea, but you will have to look out for people that want to scam you because that is also possible.
Another thing to keep in mind is if people will do this because people need to trust you fully because otherwise they will never do this.
At the end its a good idea you just need to work your idea out and need to build up contact and let people fully trust you so you will happy customers and can create a whole empire with customers.
1217  Economy / Speculation / Re: bitcoin will rise again on: February 24, 2016, 10:06:26 PM
Bitcoin has already started rising. This time the rise in price is gradual as well often there is a stabilizing which shows that bitcoin is growing normally without any market interruption.
it is unfortunate the price starts to go down. actually i expect much and think prices will rise slowly, but it did not happen
Price rise will happen again for sure. Hopefully we can see prices to test $450 price levels within the end of this February. I strongly believe by March 2 wiki we can expect bitcoin prices go around $500 levels. The upcoming halving and low oil prices are some major supportive things for bitcoin prices keep on moving.
Yes the present economical situations all over the globe and bitcoin ecosystem trending also support bitcoin prices keep on moving upwards.


You are right and the price is getting back up like in the old days of the bitcoin, I only hope this time the bitcoin will be more stable than other times because the bitcoin is mostly easy to be taken down.
I'm really hating that about the bitcoin, although there is a good thing coming this year that is named the halving it will let the price increase for sure.

My conclusion is that we just need to be patient till the price will rise to a high amount because this will happen but it will take some time, you already seeing some light points right now because people are believing again in the bitcoin.
1218  Economy / Speculation / Re: Price Increase Incoming. on: February 24, 2016, 07:04:14 PM
There will come a price increasing but when is the question we see that the price is now already getting up but if this is good is not to predict.
I think when the halving comes the price will even increase more and by that time the market is also bigger than before so the user that will use the bitcoin is also bigger.
This also means that will come come more sellers and more buyers and that will definitely rise the price.
1219  Bitcoin / Bitcoin Discussion / Re: How do you store your bitcoins? on: February 24, 2016, 06:37:41 PM
So mostly everyone think that the most secure way to store the Bitcoin(s) are using a paper wallet? yes they are secure, it is getting more reliable if you are using the multisig approach

I store my bitcoins in multiple wallets due the security measures you have to take these days, Also got a paper wallet but for low amounts I do not recommend it.
For low amounts you do not need such a secured wallet because you will never a target for hackers because they can not get a lot out of you.
There are all kind of websites where you can create a online wallet, but be sure to take a trusted website so you will not be target of any hackers.
1220  Economy / Marketplace / Re: Louis CK Accepts Bitcoin for New Show “Horace and Pete” on: February 24, 2016, 06:27:52 PM
Loving Louis CK they way he always brings new things from his shows is amazing, I think its a good thing he accept the bitcoin for his new show, I hope people will like into this news and use the bitcoin as a payment method.
Some people will be attracted because of him because they want to know what the bitcoin is and what kind if payment it is.
Although there will also be some haters because of the bad name the bitcoin has from the media.
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