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12741  Bitcoin / Bitcoin Discussion / Re: Mainstream news talking about the rise of Bitcoin already on: November 03, 2015, 05:59:56 PM
http://www.bloomberg.com/news/articles/2015-11-02/bitcoin-is-suddenly-surging-again

Great stuff. They can't say anything but admitting they were wrong when they said it was going directly to 0 and would never recover. All those mainstream media guys are going to go gradually more pro-Bitcoin over the next months to not look really stupid, just wait and see, we'll have soon a lot of discussion on Bitcoin even on the worst mainstream device of all times (TV).

I already saw couple of news on Bitcoin rising on the worst mainstream device of all times.  Smiley

And yes, this is a great stuff, it will help Bitcoin to rise for sure. But I think if it goes over $500 it will be a buble again. $500 is a fair price for 1 BTC for now.
12742  Economy / Gambling discussion / Re: Dice game strategy? on: November 03, 2015, 02:31:52 PM
i see singpays from primedice he made 1btc profit from faucet if you really good play with faucet you can win like that

Someone manage to get over 1 btc with only faucet. All you need is a patience if you are gonna be playing from faucet. Totally depends on the site as well because some sites will banned you because they think it is abusing
sometimes PD held happy hours, probably he got 20k satoshi of faucets

I think it's very difficult, it takes high level patience to get profit 1 BTC,
how is the strategy?
there is no strategy it is utter false ,I have seen people tipping him 100 $ ~ for ending some long streaks. Probably he uses faucet's everytime but that whole profit is not from it .
haha LOL, evidently misunderstood, I think it really happened
almost impossible that someone could get 1 btc in dice just only with faucet,

must have a great strategy for it

It is almost impossible but still possible, but as discussed in some topics there is no working strategy to win on dice site, you just need a huge luck to earn 1btc just from faucet. Smiley
yeah maybe possible but now, no one can get 1 BTC only with faucets,
have you seen it ?
I guess people who are fauceting daily and working on it as a job can make some coins a year.
It's just time but it is possible.

Yes, it is posible, but it will take a lot of time. I think it might take more than 5 years to make 1 BTC with faucets only.

Back to the topic, there are a lot of dice game strategies but all of them work until they don't.
12743  Bitcoin / Bitcoin Discussion / Re: Bitcoin symbol accepted for Unicode on: November 03, 2015, 02:18:30 PM
This is pretty huge. Anyone knows what key combinations you have to press to make the symbol appear? I wish they would release a keyboard with a more accessible key combination (for example a simple shift + a number one like we use for $), and the key would show the BTC symbol. We need to make it a standard in every keyboard on the planet.

Yep, that would be great! And then maybe tens of millions of people who still don't aware of Bitcoin's existence will become curious of what it is.

The price is rising already, but we need more reasons for its rising and stabilising.
12744  Bitcoin / Mining / Re: Life Inside a Bitcoin Mine: Interview with Genesis Mining’s Marco Streng on: November 03, 2015, 12:01:14 PM
Life Inside a Bitcoin Mine: Interview with Genesis Mining’s Marco Streng

CoinTelegraph spoke with Genesis Mining head Marco Streng on the current state of the mining industry, the Life Inside a Bitcoin Mine project that aims to make cloud mining transparent, and how he sees the Bitcoin industry moving forward.

http://cointelegraph.com/news/115190/life-inside-a-bitcoin-mine-interview-with-genesis-minings-marco-streng

I'm not into cloud mining, but still it is nteresting to know whether at least some them are not scum. I checked the reviews about Genesis Mining and found out that they are differ from one another: some say you have to wait more than 4 years to ROI and others say they have a good profit.

Any thoughts, guys?

Genesis Mining targets bitcoin enthusiasts who have not taken the time to research alternatives. The company is legitimate but buying from them has never been a good deal. You should really never tie up capital in hosted mining you can not turn around and sell same day if you like. Instead look at companies who have internal exchanges like Hashnest, Bit-X and BW.

Thanks! That's what I thought. I'm wondering though if anyone here can confirm he had some profit already from a deal with Genesis Mining. I think - no one, but I may be wrong.
12745  Economy / Gambling / Re: After losing all your Bitcoin on: November 03, 2015, 11:47:01 AM
Am I the only person here that feels relieved when they lose all their Bitcoins due to gambling ? I don't have to deal with the constant planning and dreaming in my head that maybe this time I will recoup my losses. I find that I also sleep like a baby afterwards.

IMO it's good you can sleep like a baby after losing all your Bitcoin. This means you are losing that amount which you can afford to lose. I wish all the gamblers were like you.

It is also good that you are not trying to recover your losses because this leads to more losses in general.
12746  Other / Archival / Re: Bitcoin Declared Illegal In Taiwan on: November 03, 2015, 10:25:12 AM
It's reasonable why their goverment doing this. Bitcoin has it's advantage point for some bad people to use bitcoin as ransom payment.
Whenver it's illegal , bitcoin still can exist as internet payment as we can see the value got increased yesterday. Something positive happen.

It is not more reasonable than banning knives because of that many crimes are associated with them.

They should be seeking for criminals, not for the instruments they use.
12747  Other / Politics & Society / Re: Did Israel just shot-down a Russian passenger plane on: November 03, 2015, 09:30:49 AM
I don't think Israeli army has anything to do with the crash. Actually I think no one from any officially organized army would purposely kill hundreds of innocent people. Only some insane terrorists could do this.

But it seems like some technical problems were the reason of this particular tragedy.
12748  Economy / Economics / Re: Bitcoin yearly gains now + 4.28% on: November 03, 2015, 08:44:53 AM
The price of Bitcoin one year ago was $325.59, the mean has been broken on the positive say. The numbers are green and the uptrend is therefore solidified. Cool page to keep track of this very remarkable stat on the Bitcoin price:

http://oneyearbitcoin.info/

I still remember all the naysayers saying "Bitcoin will never recover". Well guess what, this is the ultimate proof that Bitcoin can recover from the worst nightmares.


I don't think it is possible to talk about yearly gain of Bitcoin seriously because we can get very different numbers analyzing different time spans.

But I absolutely agree with you on that Bitcoin can recover from the worst nightmares.
12749  Economy / Gambling / Re: Primedice.com | Most Popular & Trusted Bitcoin Game | Huge Community | Free BTC on: November 03, 2015, 07:46:18 AM
Happy hour starting now - 10k extra satoshi's per claim Smiley.

Wow! 10k extra satoshi's per claim is really something nice! I saw the Happy Hour green bar only once when I was on PD, but at the time I had some coins in my balance so I hadn't had a chance to try it.

I'm wondering how often is Happy Hour happening on PD. Can you predict the day and the hour when it will happen or is it a completely random thing?
12750  Bitcoin / Bitcoin Discussion / Re: Is there a way to earn at least $1 in BTC per hour? on: November 03, 2015, 07:27:13 AM
Of course I don't mean BTC Casinos or similar things. I know you can earn but can lose there as well.

I will pay you $1 in Btc/hour for a service, but have to think of something. Any ideas?

I'm sorry, but it is still unclear to me what did you mean by that. If you are going to pay $1 in Btc/hour for a service, could you please clarify what kind of service is that and maybe then not only me but some other people on this forum also will be willing to work for you.
12751  Economy / Gambling / Re: Guys do you know Tongits? on: November 01, 2015, 06:01:02 PM
I have checked; at the moment, there are no gambling sites that have tongits for Bitcoin. Probably because the game isn't very well known yet.

Yes, I think that is the reason there is no such game on Bitcoin gambling sites. From the video I think it's a nice game which reminded me some card games I played as a kid, and I think it would be great if one of the gambling sites had this game.

But people usually don't like to learn something new, that's why gambling sites have very known games or the games which is very easy to play.
12752  Economy / Gambling / Re: Magicaldice.com | Officially Launched | Bitcoin Dice Website | Fancy Rolling on: November 01, 2015, 05:44:57 PM
thats a really cool design going to play this game for a while

Not only cool design, but also the bets are very fast there compared to other dice sites, and you can have 500 sats from their faucet every 3 minutes.
12753  Economy / Economics / Re: Why people dump their Bitcoins ? on: November 01, 2015, 05:36:09 PM
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ? 
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .

Yes, panic is always the main reason of all dramatical drops, not only bitcoin-related. The people that sell their coins out of panic not only lose their own money but also make others lose theirs.
12754  Bitcoin / Bitcoin Discussion / Re: How many people REALLY use bitcoin on: November 01, 2015, 05:31:24 PM
I use Bitcoin for savings mostly. But I also like to gamble a little, just for fun, on Bitcoin gambling sites. I'd like to use it in other fields like buying products or services but I never tried it there so far.

I heard you can buy an Amazon digital gift card with Bitcoin and then use it on amazon to buy whatever you want. If someone here had this experience I'd like to hear if it really works, because this is really interesting way to use Bitcoin IMO.
12755  Bitcoin / Bitcoin Discussion / Re: On the cover page of The Economist on: November 01, 2015, 03:01:21 PM


To people who are not familiar with this magazine, it's very highly regarded everywhere in Europe. It's British and more than 150 years old. I bet this cover page alone is worth a rise of at least 3% in BTC's price. The article is also available online but you need to register.


I agree with this. When such respectful periodicals like The Economist or Forbes cover the subject it is much much better for the Bitocin adoption than hundreds of articles by incompetent journalists in tabloids.
12756  Bitcoin / Bitcoin Discussion / Re: The Greatest Bitcoin Invention Ever! on: November 01, 2015, 02:41:28 PM
ok the way i can see it working well would be this..

when you write a comment you pay 2cents..
1cent goes to the video producer.. and 1 cent is stored as a '+1' credit..

meaning you get to +1 another persons post..

so lets say 20 people write comments..(40cent total budget) video producer gets 20cent
and then the commenters see that 3 commenters make very informative posts
Commenter A: +12 (12cent reward)
Commenter B: +5 (5cent reward)
Commenter C: +3 (3cent reward)

this will mean that people will want to make very informative comments in the hope people will +1 them, and get some profit from the comments

That actually sounds like something that might work.
But there already is sites that pay people to post/comment and even like an article.

The OP's idea is not something new.


As far as I understand the OP's idea was not to be paid when submitting a comment but to pay if you want to make one. And this is new and interesting idea IMO, because it may help to get rid of many spammy comments.
12757  Economy / Gambling discussion / Re: Dice game strategy? on: November 01, 2015, 12:40:58 PM
i always lose when playing dice game. the highest win i ever had only 0.00001.. then lose..

That's interesting! I thought my winnings were the smallest ones.  Smiley

No way I'm encouraging you to gamble, but if just out of curiosity you want to try to win more than 1k sats in a dice game, you can go to Magical Dice, take 500 sats from their faucet, and bet at 25% win chance all of them. It may take you several times of trying (they give 500 sats every 3 mins), but you will win eventually 2k sats.  Smiley
Is it constantly at 500 sat? I wouldn't go for that if it's true. Try to wager some amounts at casino which have a leveling system which allows higher faucet claims like Primedice and Rollin.io. I personally have 2000 sat per 3 min at primedice and I haven't lose any money and in fact gained some money when I tried to reach it. Take my words with a pinch of salt however.

At Primedice you have more than 1k faucet only if you wagered more than 1 Bitcoin, which is not so easy to achieve. If you have less than 1 Bitcoin wagered on Primedice, your faucet would be only 200 sats there.
12758  Economy / Gambling discussion / Re: Dice game strategy? on: November 01, 2015, 10:53:19 AM
i always lose when playing dice game. the highest win i ever had only 0.00001.. then lose..

That's interesting! I thought my winnings were the smallest ones.  Smiley

No way I'm encouraging you to gamble, but if just out of curiosity you want to try to win more than 1k sats in a dice game, you can go to Magical Dice, take 500 sats from their faucet, and bet at 25% win chance all of them. It may take you several times of trying (they give 500 sats every 3 mins), but you will win eventually 2k sats.  Smiley
12759  Bitcoin / Bitcoin Discussion / Re: Happy Birthday Bitcoin on: November 01, 2015, 10:25:09 AM
The genesis block emerged on January 3rd 2009. There's a fine timeline here - https://en.bitcoin.it/wiki/Category:History

The total number of coins is here - https://blockchain.info/charts/total-bitcoins

i think that is the real birthday of bitcoin. everything before that is just the pregnancy  Cheesy

I agree. It would be more accurate to say that Bitcoin was conceived on 31 October 2008.

But isn't that a reason to celebrate too?  Smiley
12760  Economy / Economics / Re: The $1 Million Dollar Bitcoin on: November 01, 2015, 10:05:31 AM
For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?

For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.

Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?

Considering the fact that the global M2 money supply of all currencies is around $45 trillion, as OP said (some say it's close to $62 trillion, idk) , it sounds reasonable that in case Bitcoin replaces all the money in the world it would cost around a million dollars or even more.

However, I don't think this will ever happen, or, to be more accurate, I don't think this will happen during our lifetime.

IMO Bitcoin will be $1000 in two years from now and maybe $2000 in five years.
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