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1381  Other / Politics & Society / Re: EU and Greece talks fail! another cyprus moment looms! on: February 17, 2015, 03:01:15 AM
If they do leave, high chances euro will be able to restructure back their system and grew stronger. However, more interesting is the impact on how Greece is going to find a way to settle back all the bailout funds provided to them from the eu countries. They cannot continue forever like this.
1382  Bitcoin / Bitcoin Discussion / Re: Could Time Travel Kill Bitcoin? on: February 17, 2015, 02:49:44 AM
Another missed opportunity if I could travel back to time would be domain business. I would grab all the important keyword rich names and hold it.
1383  Bitcoin / Bitcoin Discussion / Re: what bitcoin is meant to be on: February 17, 2015, 02:39:42 AM
i believe on bitcoin's future
and i believe that it should be used as a currency/money rather than an investment.
the technology of bitcoin could revolutionize the way we remmit our money

i believe bitcoin exchanges like BTER and other exchanges alike should have more features and publicity of the owners. i am very proud of my country's bitcoin exchange because they focus on innovation rather than making money.

the website that im reffering to is coins.ph
they offer a variety of services aside from money remmitance like

you can pay electricity bills, credit card, insurance and alike using bitcoin
you can trade btc to php (my country's local currency)
you can buy mobile load using BTC

i hope someday, other exchanges would have more features other than a trading platform which focuses more on bitcoin to be used as money rather than an investment




Hey that's great. That would certainly bring some value added services rather just focus on currency exchangers alone and that is especially on Money remittance for expatriates. Would be great to see that becomes a standard benchmark someday.
1384  Economy / Service Discussion / Re: Say bye bye to your coins if you trade on BTER on: February 17, 2015, 12:51:29 AM
withdrawals of the unaffected coins will be arranged later so that means there's chance to regain back your coin even though there is no specific date mentioned
1385  Other / Politics & Society / Re: NSA hid spying software in hard drive firmware on: February 17, 2015, 12:49:22 AM
Scary. But i wonder how this is possible since each hard disk manufacturer had their own proprietary hard drives' source code which mean they have to gain access one by one to insert the program.
1386  Bitcoin / Bitcoin Discussion / Re: How many Fiat users are Mentally Ill ? on: February 17, 2015, 12:37:48 AM
Mostly people around me. You can spot their state of mental illness based on their reaction and they way they when they stare at you when you told them about bitcoin.
1387  Bitcoin / Bitcoin Discussion / Re: Bitcoin now has a proven track record for creating jobs. on: February 17, 2015, 12:30:35 AM
There are much more than that..... directly and indirectly like for example with booming crypto industry there are other businesses that stand to benefit for example domaining, accountancy service to support crypto businesses, hardware and chip makers and they tend to benefit although indirectly
1388  Economy / Economics / Re: Could negative interest rates in the US boost Bitcoin? on: February 16, 2015, 01:36:14 PM
Generally when it comes to negative interest rate, one would rather keep their wealth in other tangible assets like property, gold. Bitcoin could actually qualify but for that to happen the value needs to be maintain at stable range. A good portfolio is to diversify rather than to continue hang on to the cash and losing its value as each day passes by.
1389  Economy / Service Discussion / Re: Netagio Bitcoin Exchange Closure on: February 16, 2015, 01:23:42 PM
Apart of the security issues, having stumbled across similar posts about bank accounts related to bitcoin activities getting shut down, and denying access to other banking services is also equally worrying. This means businesses based on bitcoin will never take off hence becomes a stumbling block towards mainstream adoption.
1390  Other / Off-topic / Re: Lizard Squad Demands Bitcoin on: February 16, 2015, 01:14:40 PM
More of a joke since taylors swift already come out with a statement to deny that there's any. Anyway how does that relate to bitcoin?
1391  Economy / Speculation / Re: Chinese Exchanges: on: February 16, 2015, 01:05:27 PM
LOL here comes the crash... With chinese exchanges hacked we have pretty much a guarantee to end the weekend way under $200!

Maybe there will be a slight delay as the lunar holiday starts this Thursday so most of them will be on holiday. Once this resumes expect large movement as the exchangers account for most of the trade volume
1392  Other / MultiBit / Re: BTC never comes in my wallet on: February 16, 2015, 10:47:05 AM
Is your wallet properly synced? If the green bar located at your left corner on the program main window is not showing full bar, then it has not. You could try to close the wallet related to that transaction (not the whole multibit program) and reopen it again. This will force it to resync.
1393  Economy / Economics / Re: Anybody else notice trading volume is up by 7x for the last 30 days? on: February 16, 2015, 09:33:25 AM
Even if somebody is going to dump it will happen almost instantaneous. The existing volume won't be able to give a clue and sometimes even the order book may not indicate anything.
1394  Bitcoin / Bitcoin Discussion / Re: Google Pay to integrate Bitcoin? on: February 16, 2015, 09:08:59 AM


So what news could be fuelling this move? Is it the Google Pay story?



News events are not the only cause of price movements. When the market cap gets as low as it is now it becomes easy for whales to manipulate the price by placing large orders. The price has been moving up and down between the low- and mid-200s like clockwork for a few weeks with no apparent connection to any news events. To me it looks like they're just running pump-and-dump schemes to squeeze some profits out of the weak hands that always sell when the price drops and then buy when it goes up.

Talk about news event it sure does have quite a lot of impact towards price movement. Look how it changed upon announcement of the bter hack. It will be tough even for google to take on that.
1395  Economy / Speculation / Re: The true scarcity of a Bitcoin on: February 16, 2015, 08:52:21 AM
At what price do you personally feel Bitcoin will hold enough value to society that all Bitcoin private keys will be kept securely, making lost Bitcoin virtually a non-existent occurrence?

Even if bitcoin price goes up to 10000 per bitcoin, it will still get lost due to unexpected events. For example sudden death before the holder can make a will to pass on to next of kin. And that person happens to hold a sizable stash of coins. No matter what lost bitcoin occurrence can still happen regardless of price.
1396  Economy / Economics / Re: Dirty coins on: February 16, 2015, 07:56:06 AM
Brings me back to this topic, now we have even more dirty coins after the bter hack. We just have to accept it. Can't go on marking and identifying coins
1397  Bitcoin / Bitcoin Discussion / Re: what are your main sources of Bitocin/Crypto news? on: February 16, 2015, 07:47:16 AM
Nothing particular. I'm here at this forum all the time so basically I get almost every latest update.
1398  Economy / Speculation / Re: Now 7000 btc will be dumped making the price go lower and lower! on: February 16, 2015, 07:28:15 AM
I think it's only a matter of time and finding the right and best opportunity to sell off. However if those coin made its way to bitcoin hoarders or collectors, it will not have any effect on market price as long as it doesn't find its way to the open market.
1399  Economy / Speculation / Re: Why I believe bitcoin will never reach 1 million per coin on: February 16, 2015, 07:25:13 AM
Growth of bitcoin is poised for success but however, If for any reason bitcoin fails one day, it's all because of the hack that causes people to lose trust. After the recent hack taking place one after another I'm also beginning to get frustrated.
1400  Economy / Speculation / Re: So which Exchange will be the next to run away? on: February 16, 2015, 07:19:27 AM
Which exchanger? I no longer trust any of them. Keep your bitcoin in your own wallet where no one has access to them. Any money left in exchanger is not your money until this is transferred to your wallet
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