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1301  Economy / Speculation / Re: Bitcoin will Free fall this weekend, going to 225 on: September 14, 2015, 01:34:39 AM
A touch under $230 now.
I guess the OP was close enough. Smiley
1302  Other / Politics & Society / Re: Suicide on: September 14, 2015, 12:42:27 AM
KARACHI: “All is fair in love and war” – a popular saying had its practical implication when a teenage schoolboy in Karachi committed suicide after his parents allegedly refused love-marriage.

http://arynews.tv/en/fallen-in-love-karachi-school-boy-shoots-girl-dead-later-kills-himself/


This bloke shot the girl he was in love with and then shot himself.
The murder should be making headlines, not the suicide.  Smiley
1303  Economy / Economics / Re: How too get rich on: September 14, 2015, 12:37:55 AM
I would say buy low and trade btc. Use the markets and play futures and options to increase your btc. This is my plan to get rich. Options trading. Vanilla and Binary options!

You can do that... Until one unexpected move wipes out your capital. Smiley
1304  Economy / Economics / Re: can gold be a short-term investment ? on: September 13, 2015, 04:38:28 PM
no never gold is probably not the rigjt commodity if you are think about a short-time investment insted try to invest on oil that is a good short time investment and really profitabpe it done correctly

Any logic in that? Oil is pretty volatile too.
If you are investing in paper (e-gold) then it is probably okay. If you are investing in physical gold, there will be transaction costs which are substantial.
1305  Economy / Economics / Re: This is how 0.037 Bitcoins looks like in Venezuela on: September 13, 2015, 04:36:11 PM
Doesn't the cost of printing that amount of paper exceeds its market value ? Shocked

That is the reason why those notes are no longer printed.
They need to add an extra zero to the notes they print every once in a while.  Smiley
1306  Other / Off-topic / Re: How to motivate womens to use Bitcoin? on: September 13, 2015, 04:33:33 PM
I feel like there's a lot of sexism in this thread. Now put down your pitchforks, I'm no activist or anything, but what's the difference? If a guy or girl wants to use bitcoin and understands it, they can and will.
There is no difference only that most are men who use Bitcoin..i thinnk so Huh

It flows down from the fact that there are more men than women in computer science and technology in general.  Smiley
1307  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: September 12, 2015, 11:46:51 AM
it's a good strategy actually, saving a small amount in bitcoin, let's say 10 coins, and waiting for 100k in price, than going full retarded and buying 1k coins and waiting for 1k

in the first case there is almost no risk, unless you're living on the street, but the wait will kill you i presume, in the second case, the risk is greater but the chances are bigger

The 2 are completely different and will be attained (if at all) with a large time difference between them.
You can't call "waiting for 100K" as a strategy.  It reminds me of those waiting for $10 bitcoins. Tongue
 
1308  Economy / Economics / Re: Is Krugman doing to Bitcoin what he did to oil? on: September 12, 2015, 11:43:15 AM
All that these geniuses of economics have given us is a financial system that is on the brink of collapse.

If he came up with a solution for the problems we have now then I'll consider him a genius but until then he is just one of those who contributed to the mess we are in at this stage.

Economists don't provide solutions, they explain problems.  Wink
That said, people with traditional mindsets can't really understand Bitcoin's potential. Krugman has been wrong about crude, he has a far lesser probability about being right about Bitcoin.
1309  Bitcoin / Press / Re: [2015-09-11] CD - Think Tank: Scotland Should Create its Own Digital Currency on: September 12, 2015, 11:38:27 AM
Do you mean Auroracoin? It was not an official crypto coin of Iceland. I think, an official fully decentralized and authorized crypto coin would have more success.

Didn't work out so well for Iceland or canada. I don't know how these geniuses miss the importance of decentralization every time?

Would the authorities be interested in creating a truly decentralized currency?
If yes, them they might as well adopt one of the existing ones.  Smiley
1310  Bitcoin / Press / Re: [2015-09-12] Altcoin Pump-And-Dump Punishable by Law in South Korea on: September 12, 2015, 11:35:20 AM
http://digitalmoneytimes.com/crypto-news/altcoin-pump-dump-punishable-law-south-korea/

Virtual currencies are often associated with all kinds of negative terms, including scams, hacks and pump-and-dump schemes.  Especially the latter category is far more common in the world of virtual currencies than one might assume, as most of the “altcoins” are created by a group of developers looking to make a quick buck.  In all fairness, with over 4,000 virtual currencies in existence already, there is no need to create more.

Market manipulation is certainly against the code of ethics of the trading community. While it may be punishable by law as well, the difficulty is in proving the charges with respect to altcoins.
1311  Other / Politics & Society / Re: Suicide on: September 11, 2015, 04:16:32 PM
I think that it is selfish under certain circumstances; they didn't tell anyone about their problems, and didn't offer anyone a chance to help them. That could make the parents or friends blame themselves for not seeing the problem. This could lead to a cluster suicide. I think that it isn't selfish and just thier choice if they have tried everything they could. I don't support suicide at all.

It could be termed escapism / selfishness even if they tried everything.
Santhara, however, is way, way different.
1312  Bitcoin / Press / Re: [2015-09-11] FT: Blythe Masters says US lags in blockchain use on: September 11, 2015, 04:13:07 PM
Blythe Masters says US lags in blockchain use

Blythe Masters, the former JPMorgan banker now leading a blockchain start-up, has cautioned that the US is likely to lag behind other countries in using the technology underpinning the cryptocurrency bitcoin to modernise their securities markets.

http://www.ft.com/intl/cms/s/0/aac3feae-5804-11e5-9846-de406ccb37f2.html

https://www.google.de/search?q=Blythe+Masters+says+US+lags+in+blockchain+use&ie=utf-8&oe=utf-8&gws_rd=cr&ei=npDyVYrmDsHSyAP8p4uACg

That isn't a real cause of concern. Companies aren't going to move away from the US just because settlement times are quicker. And when US blockchain start ups compete with legacy companies, they are going to come out tops!
1313  Bitcoin / Press / Re: [2015-09-08] Saint Petersburg authorities evacuated city's major transport locat on: September 08, 2015, 03:08:07 PM
Saint Petersburg authorities evacuated city's major transport locations due to bitcoin terrorists' attack
Saint Petersburg experienced a major attack of telephone terrorists who informed the authorities about bombs planted at 5 rail stations, two ports, and the central bus station.
http://www.coinfox.info/news/2962-saint-petersburg-authorities-evacuated-city-s-major-transport-locations-due-to-bitcoin-terrorists-attack

Are these empty threats or were actual bombs planted?
These extortionists seem to have been successful in blackmailing private enterprises.
1314  Economy / Economics / Re: bitcoin investing on: September 08, 2015, 03:06:17 PM
The thing with most of these ponzi schemes is that it is the late investors who end up losing all their money. If you are an early investor, who is intelligent enough to decide what is the best time to pull the plug, then these ponzis and HYIPs can turn out to be a boon for you. Off course, the risks are there, so be cautious.

Unfortunately, most people consider themselves to be of "above average" intelligence.
I have seen a lot of people knowingly investing in ponzis and then whining when it goes bust.
1315  Economy / Economics / Re: Do you think Bitcoins has a great future in India? on: September 07, 2015, 12:59:29 AM

Having a population of 1,300 million is a curse, if 99% of it is lacking the necessary skills. Look at China. They also have a similar population (and 3 times the land area). The Chinese government invested quite heavily in improving the technical skills of its population during the 1990s. As a result China is the world's manufacturing hub right now.

China seems to have found its strength in manufacturing, India in Software Services.
The private sector has stepped in to fill the void left by the government in skill development. Both models (government led and private-sector led) seem to work. Having said that, I don't see large scale usage/awareness about Bitcoin even among software professionals. This is surprising.
1316  Economy / Speculation / Re: $220-240 range.. on: September 07, 2015, 12:50:58 AM
If it stays above $240 for some time, $240 could form a support level.
We will have to find the next range.  Smiley
1317  Economy / Speculation / Re: Prediction: $$460 in 2017 on: September 06, 2015, 03:09:27 PM
2017 is far away from now and it can happen to be the price of $460 it is just a double jump from now

The block reward halving is the joker in the pack - nobody knows what effect that will have on the price.
After that is completed, we can start making predictions about 2017.  Grin
1318  Economy / Economics / Re: We've started mainstream adoption - Pension considers Bitcoin investment on: September 06, 2015, 03:07:01 PM
... since pension funds would generally just buy and hodl, leaving less bitcoins on exchanges.

Reality Check : The venture arm of a major Canadian pension fund is reportedly looking at making investments in bitcoin and blockchain startups.

There won't be any investments in bitcoins (which are way too risky). So no buy and hold strategy either.
1319  Economy / Economics / Re: What you will do if bitcoin price drops to 50$ and you have lots of bitcoin on: September 06, 2015, 08:43:41 AM
i would buy more bitcoins if it reaches 50 dollars,but i would search to know why it crashed , bitcoin is the king already some years inside it we reached 1000 dollars and dumped it,in a future of 20 or more years can become the new gold,world currency to pay anything and run away from credit cards and big fees.For another point if bitcoin crash soo heavy im sure must altcoins will follow and loose value in a short time,bitcoin is the exchange usd altcoins market....

There doesn't have to be a reason for everything. You can always rationalize, but you may never know the true reason (if there is one). Nobody knows the reason why BTC dropped from $600 to $300 and now to $200s.
So you may have to just take a call - to buy or not to buy at $50.
1320  Other / Politics & Society / Re: Hollywood Agency Shopping Rights to Mt Gox Movie on: September 06, 2015, 08:29:38 AM
There will never be a movie about Silk Road, period.

Actually, you do have one. Smiley
And I am sure there will be many more to be made.
http://www.imdb.com/title/tt3312868/
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