Both the campaign manager for bit-x and 777 have been (temporarily) banned. I might suggest at least temporarily putting an asterisk next to their respective campaigns as IMO the chances of participants receiving payment would go down significantly when the manager is banned.
Bit-x has everything automated. The manager is just a father figure.  |
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India definitely seems to be the favourite of the bookies.  |
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I hope Draper does get the majority... he tends to hang on to his coins
That is true. An ideal long-term bull. |
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For some reason, I didn't know Draper was of billionaire status and no wonder that his purchase at one of the earlier auctions at a much higher price was no big deal. From his comments here, he went to town at this auction and likely made sure he got all the goods. And if that is the case, he likely won't dump but scooped them all up because he's foreseeing and epic turn-around that will flip the entire script on everyone - bullish/moon.
The sooner the uncertainty associated with government held bitcoins gets removed, the better. Draper could possibly start purchasing from the open market after that. |
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There are a few artists on these forums that sell art (primarily bitcoin related) for bitcoins. If you look at the population of current bitcoin adopters you'd see that its mainly males, usually techy or nowadays people into day trading. You would first have to find art that appeals to these people and find a way for them to buy it online (most techies aren't going to go to a conservative art display).
That is a fair point. The purchasers of fine art are most probably successful, middle-aged business. This doesn't fit in well with the average bitcoin user. |
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Deutsche Bank Veteran Starts Institutional Bitcoin Exchange in Brazilhttp://www.coindesk.com/deutsche-bank-veteran-bitcoin-exchange-brazil/"The problem with liquidity in Brazil is we have natural buyers, we have people who want to trade, but we don't have natural sellers," explains Marcelo Miranda, a nine-year Deutsche Bank veteran who is launching a local bitcoin exchange, FlowBTC, on 6th March.
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Nobody Buys Art With Bitcoinhttp://observer.com/2015/03/nobody-buys-art-with-bitcoin/If technology is going to radically overhaul every industry on our planet and software is going to “eat the world”—as Silicon Valley investors are wont to say—the art world will be the absolute last to go, dragged kicking and screaming into the 21st Century.
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Feds auction $13.5M worth of Silk Road bitcoinshttp://www.cnbc.com/id/102480336The U.S. Marshals began auctioning off about $13.5 million worth of bitcoins Thursday morning.
Billionaire venture capitalist Tim Draper said he would be a bidder. "Probably the best deal anyone will get," said Draper on Thursday in an email to Reuters.
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its time to buy now dude
not only buying everything is ok besides selling huge amounts of bitcoins Not sure if $267 is already a good entry point. Wait until $250 as it may go down a little bit. Patience pays off, trust me. $267 or $250 might not matter in the long run. |
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If you guys are real bulls then why mock anyone who buys at $600? Hypocrisy?
Nobody mocks him. He bought his bitcoins with a definitive plan in mind. |
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Since the collapse of oil has killed inflation, putting it well below the Fed's 2% target, I'm voting that they'll delay to 2016.
We are not heading to $20 dollars a barrel this is the same kind of statement like bitcoin is going to $10,000 or $1 they are just not happening lol Keep up the good work the fed i have 0 interest in these are the biggest scammers in history We have experienced bitcoin's volatility. Oil is relatively more stable. It has been quite some time since we have seen $20/barrel. |
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I don't know what or how the rich people think but I do have a feeling when they invest, they need to have some form of assurance that the investment can give a high potential yield and return. If they execute a single buy order something like 10 mil in short period of time, sure enough bitcoin price will rise, but they will probably end up having to buy bitcoin at higher price. So you will need to convince them.
The rich didn't get there by investing based on blind belief. They need to be shown strong reasons that bitcoin is a good investment. |
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Putin here, Putin there... Is there a thread on this forum where he is not being mentioned in the end? Taxpayer, Russians are coming to steal your taxes!
Putin seems to be some kind of modern Hitler wannabe. But did not he ban bitcoin in russia? Bitcoin it to complicated to control it seems, not mention it is hard to tax as hell due to its decentralized nature. The best FIAT if you want to avoid taxes it seems. As far as I know, bitcoin is not officially banned in Russia, and its use is restricted only for legal entities. Besides that, with the recent devaluation of the national currency the Russian Central bank (which is the primary engine behind the bitcoin restriction in Russia) certainly has more important things on its agenda right now. It has not been banned in Russia. They have taken a nuanced stance "You can play with your bitcoins, but you can’t pay with them"https://bitcointalk.org/index.php?topic=824826.0 |
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Like spazzdla said, middle class should be the what the average household earns. Silicon Valley average houshold income is $90,000, Average for the US is $69,000. So when you look at it that way, 250K anywhere in the US is above average.
Rather than the average, you should look at the median. A few very rich people could skew the average. |
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yes even I'm eager to know the outcome of the meetup. How many turned up? Was legendster's prediction wrong?
As usual there were new set of people and the old ones were not available. I am having the same experience every time I am arranging a meetup. So, in effect, every time it is remaining as an introduction phase. All I can say, there are many bitcoiners in Kolkata and surrounding. Some attend meetup while some just communicate with me over phone/FB. But, there is no well organized group so far... Getting a new set of people is not bad at all. It shows that people are still getting attracted to Bitcoin, in spite of the price drop over the last year. |
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The First Bitcoin ETF Offers Easy Way to Profit from Virtual Currency (GBTC)http://www.nasdaq.com/article/the-first-bitcoin-etf-offers-easy-way-to-profit-from-virtual-currency-gbtc-cm450589The first Bitcoin ETF for "ordinary" investors to buy is almost here...
The Bitcoin Investment Trust got approval last week from the Financial Industry Regulatory Authority (FINRA) to sell its shares on the OTC Markets. It should start trading within the next couple of weeks. It is currently listed on the OTC Markets "pink sheets" under a temporary symbol, BTCV, but will have a permanent ticker of OTCMKTS: GBTC.
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MegaBigPower Opens Buyback for Unprofitable Bitcoin Minershttp://www.coindesk.com/megabigpower-buyback-program-bitcoin-miners/
MegaBigPower has announced that it will begin purchasing preowned bitcoin mining ASICs as part of a plan to acquire as much as 10 megawatts worth of hardware.
Under the buyback program, the US-based bitcoin mining company will purchase certain types of hardware, with an emphasis on models sold by mining manufacturers Spondoolies-Tech and Bitmain.
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One year later, we're no closer to finding MtGox's missing millions worth of bitcoinshttp://www.pcworld.com/article/2892892/one-year-later-were-no-closer-to-finding-mtgoxs-missing-millions.htmlFew people marked the recent anniversary of one of the biggest catastrophes to hit bitcoin—the day MtGox went bust.
Once the world’s biggest market for the digital currency, the Tokyo-based exchange collapsed on Feb. 28, 2014 with liabilities of some ¥6.5 billion ($63.6 million). It said it was unable to account for some 850,000 bitcoins, worth nearly half a billion dollars at the time. It was a staggering sum, possibly purloined by hackers who exploited a bug in the bitcoin system, according to the company.
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I dont get it , cant the zimbabwe people just take millions in loans and then payit back when a million is dust? oh wait it already is  What do you think the interest rates in a hyper-inflating economy would be? |
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buy bitcoins as much as you can .. no one knows if bitcoin will still be used in the future or it will be a thousand or million of dollars worth..
buy bitcoins as much as you can ...... afford to lose. |
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