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13241  Economy / Speculation / Re: (Almost) Foolproof plan: Sell above 400$, rebuy on holidays on: December 26, 2015, 05:52:13 PM
Almost fool-proof? Heh, no one can time the markets lol. The trend may be historically repeating but what's happening is the lows seem to go higher than it was before. How would that be fool-proof for you, then? It's no different from buying low and selling high, I guess.
13242  Economy / Speculation / Re: Oops Price is 425$ Now... on: December 26, 2015, 05:09:15 PM
Even with the drop, I doubt it will go lower that $400. Nothing to worry about

Hm, you might have to rethink that theory of yours, we re getting close.

Well, we did see a tremendous increase at the start of December. It's likely that now that the holiday season is passing, people are beginning to sell off. The drop probably also incentivizes more people to panic sell.

:/

How come price drops give incentives to people to panic sell? I don't see any good for the people who sold at all especially with a panic, all I can see are people willing to buy during this current price drops. Sub-$400 is possible, though it's kinda hard to reach that range.
13243  Economy / Speculation / Re: Oops Price is 425$ Now... on: December 26, 2015, 04:18:58 PM
I take this recent downwards movement in price just as correction and dont see in any case price to drop under 400 $ as this is bottom.There will be many periods of accumulations for natural and healthy growth which will be stable and long lasting this time.

Hard to say that it is the bottom right now, seeing that the selling pressure is higher than the buying force present on the markets. Anyhow, this is nothing to be surprised of: people are converting their coins in exchange for cash to buy something for the holidays. Maybe if more and more merchants accept bitcoin as a form of payment, we wouldn't see this kind of a scenario ever again.
13244  Bitcoin / Bitcoin Discussion / Re: First bitcoin teller machine in Kazakhstan on: December 26, 2015, 04:15:41 PM
It's great to see bitcoin teller (or ATM), but 5% fee is big Sad
But it means the owner expecting profit because there are many bitcoiners there Roll Eyes

The BTM's are unexpected news to me because Kazakhstan was considering banning Bitcoin in 2014. It's stance on cryptocurrency must have significantly softened since then. It's amazing the difference a year or two can make to attitudes towards Bitcoin.

http://www.coindesk.com/kazakhstans-central-bank-ban-bitcoin-protect-bankers/

They admit they could ban bitcoin to protect bankers, it means banks & fiat there afraid they'll lose to bitcoin.

Most governments are, that's why they are imposing different laws in line with cryptocurrencies. As for the atm, 5% is indeed a big fee but business is business; the owner of this atm took the risk on spreading the word by installing a bitcoin atm in the country. That itself, I think is charity. Roll Eyes
13245  Economy / Speculation / Re: Christmas Call: $700 on: December 25, 2015, 06:03:05 PM
450 is a nice price. I even consider to buy more bitcoins at this price because we got a momentum going on.
The only thing we need is a another pump to settle above 500 dollar

easier said than done. there is way too much selling pressure around the $490-$500 levels to maintain a stable price above $500. it will take probably a few more weeks to settle above $500.

Or even a few more months, who knows. At this point in time, many people who has some holdings on btc is likely to cash out for the holidays to buy something for Christmas or the incoming New Year. The start of the new year would likely see some action in the price. Resistance sits around $475. Break those barrier and we might confidently aim to new highs.
13246  Economy / Economics / Re: Is it better to save money or invest it? on: December 25, 2015, 05:59:54 PM
What do you think about investing in sites like hourlymine.com ? Is it a ponzi? Any experience?
hmmm i think ponzi is good for you if you join in beginning of site,
I mean find ponzi sites that are still new, so it's likely a scam still long
Their name sound like a ponzi/scam.
When it comes to website investments. I never invest if there is no address/ phone number and real proof they actually own those hash in the form of a video of photo's of their mining equipment.
sometimes ponzi scheme can be very profitable for you, I've been profit more than 0.5 btc from double bitcoin site, you have to be smart, to get profit around ponzi

Please don't give people wrong impressions. A ponzi is a ponzi. It's the most risky gambling method. People shouldn't use ponzi sites at all. There are better ways to waste money. Ponzi is not one of them.

But in the end, it's still those people who owns their money who decides what to do with their money after all. You can advice but if they want to be involved in such a risky method of growing money, let them. Roll Eyes There are ways to get profit from it; it's just that most of the time you are tend to lose your money rather than earn something from it.
13247  Other / Off-topic / Re: Do you actively spend your bitcoins? on: December 25, 2015, 05:46:14 PM
Buying online game credits and online games itself; some tech devices and a new cheap phone very recently. I'm not spending when the price is what I think is undervalued. For me, those times are bitcoin-buying times and not the time to spend.
13248  Economy / Services / Re: ✉ Signup Campaign ✔0.10$ for each Signup✔ ✉ on: December 25, 2015, 05:01:28 PM
Hmm kinda wondering on how to achieve such a thing. VPN services could provide several IP addresses, but those used couldn't be unique even though they are from a premium service. Can someone enlighten me on such a thing? How is it achieved, though?
13249  Bitcoin / Bitcoin Discussion / Re: First bitcoin teller machine in Kazakhstan on: December 25, 2015, 04:58:12 PM
These machines are expensive. To place them, owners are expecting a ROI more or less soon. I also don't know how's the Bitcoin scene there but if the machine exists there's probably a small community using Bitcoin around that place Smiley

Yup, the owners must've seen some incentives in placing that atm in there in the first place, so that probably means there must be something happening in the background that is not known in the mainstream bitcoin community. Overall, this is a pretty good start in Kazakhstan. Bitcoin acceptance is gaining traction. Smiley
13250  Economy / Gambling / Re: Asking the big rollers: Where do you get the money from? on: December 25, 2015, 04:55:48 PM
where are u from dude, and how much money you can make from monthly salary?

imo if u live in a developed country, you can make some btc per month easily, i mean your income will be over 1500-2000 USD after tax at least, which can be 4-5 btc per month.

i have lost over 100 btc within 2 years, goddamnit i was scammed by some altcoins.

Huh.. doing the math, lets say an average of 1700 USD as salary which is pretty high in lots of countries in the so called developed world, now take away the basic needs such as rent, food, electricity, heating.. boom, there you go. I don't see how you are going to make 4-5 BTC per month dude, 4 BTC is already higher than that salary already (1846 right now).

As a guy who kept tossing fiat-BTC for profit, what fox said is somehow true depending on your buying averages. Entering in a certain price range is in itself already a gamble because you don't know whether the price will go up or down; whether you'll keep your profit or keep your losses. If you started big and played the price swings very carefully and well, I don't see how you can't make 4-5 btc per month. Shorters who are expert enough can do that pretty easily.
13251  Economy / Gambling discussion / Re: What Happen If Gambling was not introduced? on: December 25, 2015, 04:48:07 PM
I don't know exactly what would happen if in case gambling wasn't introduced. As for me I think there would be less broke people blaming something for the things they do in hopes of achieving or gaining more money. Also, there would be no people who will get rich quick by just hitting the jackpot. Everything people might earn would be the fruits of their hard labor, and not some easy money.
13252  Economy / Gambling / Re: Where Bartenders Put Bitcoin in Your Drinks on: December 25, 2015, 03:30:53 PM
Neat! Too many mini games for me. If it doesn't require a lot of bitcoins to spend before I can enjoy this game then I'd gladly play it on my free time. Already downloading it, I hope I don't get my hopes up and be disappointed. Also, I hope I can earn some significant bitcoins in this game aside from the enjoyment it may provide. Smiley
13253  Economy / Gambling / Re: I am done! on: December 25, 2015, 03:27:26 PM
I am never going to gamble again. I never win, I just hate it, god damn it!
Screw all those casinos, they all become rich because people play and lose their coins. It is imposible to win from the house. I suggest everyone to stop because it is bad!

For the likes of me who just gamble because of fun, you can't stop me. The only thing gambling becomes a problem is when you try to recoup your losses AND BEAT THE HOUSE, which will never happen in the long run. You can win on some days and some moments but after quite some time, the house will regain its losses and in the end you will lose what you've earned from gambling if you try to further your streak.
13254  Economy / Gambling / Re: Casinos that credit you with balance if you have no confos? on: December 25, 2015, 03:25:39 PM
I think no such casinos exist that accept 0 confirmation on deposits and then you can gamble already. Min I see is 2-3 just to be safe. If such casino/gambling site implement one, it might go bust because of the double-spending issues that 0 conf. transactions might face.
13255  Economy / Services / Re: Need some fast money? on: December 25, 2015, 03:16:09 PM
This kid is a SCAMMER!!  '' Cypherious '' = SCAMMER . He has multiple accounts on bitcointalk
and leaves positive comments on his own topic to fool people. DONT DEAL WITH THIS KID
he will scam

This is his other account: https://bitcointalk.org/index.php?action=profile;u=558363

'' armadilo '' = SCAMMER

He probaly have more accounts but these the ones he scammed me with.

After reading some of that account's posts and reading Cypherious', I can say that there might be some correlation, but tagging somebody with the name of a scammer though some other members have already vouched for it saying they are paid (one posted a link in the blockchain; haven't seen some correlation with the OP's posts and his) is a different matter.
13256  Local / Pilipinas / Re: Pilipinas (Philippines) on: December 20, 2015, 05:33:32 PM
Sino po dito pwedeng mag cardless cashout sa coins.ph? Yung sa security bank po? Patulong naman mga kabayan, need ko magcash out ng 1k bukas, may butal yun na 25-35 pesos pampalubag loob na sa inyo nalang. Sig payout, pandagdag pambili ng regalo lang. Cheesy
13257  Economy / Economics / Re: Ok Coin , Huobi and other chin exchange..they are cheating all of us. on: December 20, 2015, 08:00:22 AM
Yep, in terms of trading volume displayed by thrse exchanges. That isn't new for us and they've been doing that for almost a year now. Sometimes, I just get surprised how these exchanges achieve a volume that big compared to what Western exchanges can collectively.
13258  Economy / Economics / Re: How to save money. on: December 20, 2015, 07:57:44 AM
Most of the easily extractable reserves of gold will be mined out completely in the next 5 to 10 years. After that, most of the production will come from the remote and complex mines, where the cost of extraction will be very high.

This is not correct, you should make some research for the largest gold mine in the world in Indonesia that is controlled by freeport. They barely used 30 % of the entire gold mine and the gold reserve could last for atleast 50 years or more

Even then, gold would still be difficult to mine making it one of the most valuable and pricey asset in the world. It could be an accessory, a store of value, an investment and whatnot. I think for the next 50 years, a large fraction if gold wouldn't still be mined even with the most modern mining technology.
13259  Other / Archival / Re: should i save btc for future? on: December 20, 2015, 07:55:30 AM
A sane advice would be yes, only if you plan to hold the bitcoins for a long time. For short term holding, don't, as you'll get burned by the insane drops and surges in price. Also, don't risk or play what you can't afford to lose.
13260  Economy / Speculation / Re: $2k in january on: December 20, 2015, 07:49:00 AM
Quite a bold prediction imo, though the bitcoin markets never fail to surprise us with such events. Maybe I'll settle for a much more conservative and achievable prediction: somewhere around $650-$700 is possible with the current market sentiment that we are having right now.
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