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12301  Economy / Exchanges / Re: Cryptsy is CLOSED on: January 13, 2016, 10:25:41 AM
According to Cryptsy twitter ( Bigvern@cryptsy) it's a phishing attempt

Quote: 'A new phishing attempt is out. It is not from cryptsy. Do not acknowledge it'

I agree. Do not start that "refund procedure " because most likely they'll ask you to enter your password and username and from then things might go really bad.

Unfortunately there are a lot of people nowdays who attempt to make money by cheating others.
12302  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto found and is homeless? on: January 12, 2016, 06:12:57 PM
That is really weird and people still thinking Satoshi is a person but i don't think he is a single person, from my point of view Satoshi is code name for this project and a group of scientists behind the this revolutionary project.

I disagree. I can see your point and I understand that you have reasons to think so but if it was a group than at least one of them would reveal himself already to the media. That's the nature of a man in the contemporary world: he can't miss a chance to be famous and popular.  But if it is a one person then maybe he is exception. A whole group can't consist of exceptions.
12303  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Dollar on: January 12, 2016, 03:18:51 PM
Nowadays, dollar price is high and it is gonna be appreciated for a while. If dollar stops appreciating then btc will be skyrocket

Not only that. Bitcoin will be a good thing regardless of the appeciation of dollar. IMO it is already much better than dollar but unfortunately not everyone in the wold shares this opinion. But we'll see what happens in the future.
12304  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: January 12, 2016, 02:49:39 PM
Yes it is wrong. Very wrong.

You should google some stories how people lost their lives because of gambling.
Money = gone
Wife & kids = gone
House = gone
Car = gone
... Life = gone

Yeah, you are right in a way, but what about drinking alcohol, playing games, watching TV series endlessly and many other bad habits. I think it's up to you whether it is a bad habit which ruins your life or just fun.
12305  Bitcoin / Bitcoin Discussion / Re: What will be our next Bitcoin boogeyman? on: January 12, 2016, 12:02:03 PM
It seems to be human nature to present a looming threat on the horizon that's coming to Get Us. When I was a nipper it was acid rain, then AIDS, then the Ozone and then I really couldn't give a shit any more.

Similarly the scalability monster is what is currently stalking Bitcoinland and scoffing innocent villagers. MMM seems to have gone a bit quiet for now. China bans are currently dormant.

What do you think will be the next great disaster awaiting us?

I think Bitcoin is one of the best things ever created by "Western civilization" (Japan, China, Russia are included) ... well let's call it "Modern civilization" I hope it's clear what I mean. And Bitcoin is a harmonious part of it.

So IMO the biggest Bitcoin boogeyman would be the same Boogeyman which is for Modern civilization - the total destruction of it or replacing by something entirely different where Bitcoin along with many other pleasant to us things will have no place at all.
12306  Bitcoin / Mining / Re: The cost of electricity in the world on: January 12, 2016, 11:34:28 AM
the worst thing is that, places where electricity is very cheap, the infrastructure is very hard/expensive/inaccessible...

...and vice-versa...

there're some little exception***

That's very true indeed. And IMO it is better to seek for cheap electricity (or ways to make it cheaper) in developed counties with good infrastructure than to struggle solving various problems arising in undeveloped countries where the electricity is cheap.

Of course there are some exceptions but in general I'd suggest to avoid countries where you risk your life for getting cheaper electricity.
12307  Bitcoin / Bitcoin Discussion / Re: Is there a way to earn at least $1 in BTC per hour? on: January 11, 2016, 04:04:03 PM
With a small investment, it is very possible to set up automated trading and make $1BTC per hour, which say $100-$200 in your account. If you trade in the right markets, you can easily make this and beyond daily.

I have read similar things a hundred times.But no one ever proofed it.
I highly that this is possible constantly.The risks are too high.
And what are the "right markets" please?!
To me this is just talking hot air!

Yes there is no living proof for this kind of claims. Trading or gambling are same kind of things which should not be considered as a way of earning even with any proof. Only consistent way of earning with no need of investments methods should be considered.

Trading profits are only for heavenly people and no one can see it in earth. These kind of with out proof statements build wrong examples to make beginners to start trading with big greed. Misguiding claims must be avoided to show right path for novices.

You can make a very small amount by taking advantage of some of the low volume exchanges with large spreads.
On bit-x right now you can buy bitcoins for $451 and sell for $440. If you sit there and have a sell set at $450 and someone takes it, you turn around and set a buy at $441. Over time you could make a few dollars here and there.

if it is only few dollars, i can't see how this is not worse than posting for signature campaign

what matter is the ratio between tiem and the earning, and few dollars just for sitting a bunch of hours(if they are just minutes ok...), it does not seem smart enough

I agree and I even want say more. You may sit for ages waiting untill someone buys for $450 today and waiting someone sells you at $441. All those calculations are good only in theory but in real life you have almost zero chances to make it happen.

So participating in a signature campain is a better option IMO.
12308  Bitcoin / Bitcoin Discussion / Re: What to do with 1,5 BTC? on: January 11, 2016, 03:49:12 PM
Hey so i recently got about 1,5 BTC from a service i started and now im wondering what i should do with this. Any tips?



I'd just hold them. Investing in cloudmining means losing at least half of the amount, investing in other businesses might mean losing everything... Bitcoins on the other hand is a good investment by itself, the price will rise in the fututre for sure, we can't predict to what extent it will raise but it will rise ok.
12309  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: January 11, 2016, 02:48:46 PM
100 Bitcoins should do the trick I think.

Anything more would make your investment too risky, anything less could mean you could not maximize your profits.

With current price, BTC100 would be nothing if you are to retire...
We don't know what the future will be, as it is uncertain...
But one thing is for sure that we are definitely going to enter the sky during these years, if not months...
So, BTC100 could also help one to retire if the price reaches x10 or x100 from where it is at, currently...

Absolutely! Nobody is saying that 100 BTC will be enough to retire at current prices. We are talking about 20-25 years from now when the the price will be much higher. As I said before, I think the price will be around $10k at the time.
12310  Bitcoin / Mining / Re: The cost of electricity in the world on: January 11, 2016, 02:26:31 PM
Price for residents in Trondheim, Norway: 0.07$/KWH

If you built a farm next to a powerstation you could probably get rid of the power transportation costs, which would put the price at 0.02$/KWH.


That's really one of the lowest prices of electricity in the world. I never thought that in a country like Norway (which is a typical Western country IMO) you can have such prices. You should start mining mate. ) Good luck!
12311  Economy / Gambling discussion / Re: How much can you earn with gambling? on: January 11, 2016, 02:11:33 PM
today I did not get anything, I usually always get 2-3 $ with a great effort, but this time, I lost some bitcoin I have in the wallet  Sad

Sorry for you loss mate, but on the other hand as I can see you didn't lost everything in your wallet, just a part of and I assume a small part. So you are lucky not to be a gambling addict who can't stop before he loses everything.

And playing like this you are having $2-3 profit most of the time. Good job btw.
12312  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: January 11, 2016, 01:48:41 PM
Life is adventure,
Life also full of gamble and ofcourse our life is getting more challenging when we can gamble for something we wanted.
Just gamble with full aware of risk or gamble for fun

I agree with this. Addiction is a sickness and stating that gambling is wrong just because it ruins the lives of the gambling addicts is like stating that eating is wrong because we can see how bad the life is for the overweight eating addicts.

Gamble with ease, don't get addicted to it, don't expect to make money with it, rather expect losing part of them and you'll be fine.
12313  Bitcoin / Bitcoin Discussion / Re: 2016 Could Be Bitcoin's Best Year Yet on: January 10, 2016, 08:07:29 PM
this is something i keep hearing year on year.

2012 - this will be the best year!
2013 - this will be the best year, no doubt about that.
2014 - this time 100% the best year, great adoption and such....
2015 - very much investors and adopters will make bitcoin reach new highs.....
2016 - do i need to say more?

You are right similar things happen in the beginng of each year (and not only with Bitcoin btw) but something is telling me that this year really will be Bitcoin's Best Year Yet. ) Why not? Let's hope for the best.

For starters we have a good start: $450 insteed of $200 in January 2015.
12314  Economy / Services / Re: ❃❃ ▶▷ BETCOIN.ag ◁◀ ❃❃#5 BTC LEGENDARY TICKET BONUS-Sig Campaign-CASINO BONUS on: January 10, 2016, 07:07:51 PM
I would like to join this campaign.
12315  Bitcoin / Bitcoin Discussion / Re: Ever dreamed about Bitcoin? on: January 10, 2016, 03:12:14 PM
I've dreamed about Bitcoin only once. It was in November 2013 when Bitcoin was around $300. In the dream I had a strange feeling that real price of Bitcoin is $1000 and when I woke up I told my wife that I'm sure that Bitocin will be $1k in the future. I thought that will happen in 10 years or so though. Then, 3 weeks later Bitcoin hits almost $1200 and I'm like "Wow! That was fast!" We all know what happened next. Smiley
12316  Economy / Gambling discussion / Re: In Gambling, Money is not everything on: January 10, 2016, 11:45:40 AM
Gambling without real money is boring and meaningless IMO. I'm not saying you should earn money with gambling, no, but even to just have fun with it you need real money to be involved. But before starting to gamble with your money you should think twice whether anybody around needs something you can buy with that money.
12317  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: January 10, 2016, 11:23:39 AM
Who know what will be in 20 years maybe 1btc will worth 100k

I agree. That's why it's better to have at least 5 or 10 BTC than nothing and maybe that would be enough to retire nicely in 20 years.

My prediction is 10k though, so you'll need around 100 BTC. )
12318  Economy / Economics / Re: $700 million lottery jackpot straight to BTC on: January 10, 2016, 10:31:43 AM
1,3 billion! Shocked
the powerball jackpot next wednesday is $1.300.000.000
let's continue the discussion with this jackpot size.

Looks like this is like  true, but nevertheless it's hard to believe. I mean, seriously, 1.3 billion dollars??? Did anyone has ever won hundreds of millions yet? And if yes, how much they really receive? What about taxes? Idk the whole thing looks crazy to me.

And, YES, if the winner decides to buy BTC with that amount of dollars the price might go up 60-80% or even more for some time for sure.
12319  Economy / Economics / Re: $700 million lottery jackpot straight to BTC on: January 09, 2016, 05:47:56 PM
Back to OP's question: since there are around 6 billion dollar's worth of Bitcoin in the world now the dumping of $700 million into the BTC exchange would definitely impact the price but not much, maybe 20-25% which is a normal thing for Bitcoin even when there are no apparent reasons for that. )
Hell no it doesn't works that way ,the 6 billion dollar market is for all the bitcoins at present and not for the selling orders.If someone actually dumps that much mount of coins the price would be round 30% of what it is today.Satoshi did the same thing and we have seen the effects.

As I said, "20-25%", it is almost 30% right? And considering the fact that the price of Bitcoin sometimes goes up and down 30% or even more without any reasons that would be no big deal.
12320  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: January 09, 2016, 05:35:03 PM
I don't think it's a bad thing when people cashout, they could be doing this for several reasons. For one, they probably made enough profits to cashout and are able to buy back soon and enjoy those profits. This is how the bitcoin market moves though, with pumps and dumps. If every bitcoin user would be holding, the market would stand still.

holding is easier said than done. a lot people here can't hold their coins unmoved in their wallet for even 2 months. they get bored or can't stand seeing the price go up or down. if they see the price go down a lot, they will sell to reduce further losses. and if the price goes up 5-10%, then they can't deal with the fact that they made profit, and thus they sell to secure a small profit.

Fair enough, but on the other hand why give in to panic and start selling your coins when the price goes down a lot? If you have some trust in Bitcoin you know that after a lot of down will be a lot of up, so you should just wait a bit. Never panic guys, there are no objective reasons for the price of Bitcoin to go down a lot.
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