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1421  Economy / Services / Re: BitConnect Coin Signature & Avatar Campaign | Earn upto 0.0011 BTC/Post | [3 OPEN SLOTS] on: December 16, 2016, 06:07:48 PM
Username: Rahar02
Rank: Full Member
Post count: 124
Profile link: https://bitcointalk.org/index.php?action=profile;u=883081
BTC Address: 1KN95c74osFMekUYjpyxD8miy79Bwr67K5
1422  Economy / Economics / Re: How stable will bitcoin be? on: December 16, 2016, 04:40:33 PM
So, supposing bitcoin, or some variant, manages to completely replace the world's currencies.  This will certainly make some governments unstable, some might well collapse - see http://freedomainradio.com/board/forums/t/19983.aspx

But, there's a big problem here, bitcoin requires electricity and global internet to function well, and these kinds of services probably won't be so stable without working government.

So... bitcoin substitutes currency, government is destabilized, society descends (or ascends?) into anarcy, electricity & internet become unstable, society descends into the next dark age.  Has anyone thought about that?


Welcome fergalish

Bitcoins will 'never' replace other 'world currencies'. That's a bit like suggesting that PayPal will replace the USD or that Gold will replace Oil or that credit cards will replace paper money. They are just not the same thing, however which ever way you look at it they all help the world go around. Grin Bitcoins are just another currency.

Yes Bitcoin requires electricity and the internet to function. However, this hopefully doesn't rely only on Governments, you are ignoring Capitalism, the 'Corporation' and the free market. Are you suggesting that Bitcoin runs on the cypher net ?  Cool Huh

Anarchy ? That's wishful thinking ! Such is the price of progress... lol
The discussion are going too far, let's back to the topic up here.
We do thinking and predicting about how bitcoin will be in the future, for 2-5 years later is more reasonable to predict if you have exceptional analytical skills about world economics with all of the factors affecting it. Yes, I agree if bitcoin won't replace any currency as we need every currency as state based exchange rate and medium of exchange. Too far to say bitcoin would make government become unstable and created anarchy.
1423  Economy / Gambling discussion / Re: How to win gambling with no lose? on: December 16, 2016, 12:52:13 PM
Gambling without loss is not at all possible. In my experience more users win during the starting days of gambling. On this situation people show continuous interest on gambling. On further play failure surely happens.

Indeed it is impossible.  There is no way that a person will never lose in a gambling game unless he is from the future that have the records of gambling from the past and travel back the time before this events happen. 

There might be cases of long streak of winning but eventually  lost.

For info here is the person with longest documented winning streak  https://en.wikipedia.org/wiki/Archie_Karas
Yeah, the question sounds like how to live without breathing? Lol, it won't ever possible. If you gambling, the chance to loss is bigger than possibility to get winnings, that's reality you need to deal with. How much people here gambling and have winnings more than their losses, I guess less than 3%. So, just gambling with limited funds which you can afford to lose.
1424  Bitcoin / Bitcoin Discussion / Re: Does any bank accept Bitcoin? on: December 16, 2016, 05:40:32 AM
Is there any bank/financial institution somewhere in the world that has embraced Bitcoin? Not that I'd deposit my money there, I'm just curious to know it.
So far I don't know for sure, I don't find any bank accepted bitcoin unless a bank try to convert bitcoin into fiat money to storing them.
We have been heard since few months ago the news about banks looking towards blockchain technology to adopt it but not bitcoin. Because blockchain as distributed ledger could allow these banks to track every cent along every step of its journey for every transaction in real time. They just consider it and may take decision in the next year.
1425  Economy / Economics / Re: Best way to manage money? on: December 15, 2016, 05:42:19 PM
So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?
You're right to not use credit card, and I won't ever use any kind of banks services which will make me suffer under debts.
The best way to manage money is have a plan about every day, week, month and even a year expenses. Saving some and investing another part of your salary to create second source of income.
1426  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax on: December 15, 2016, 07:00:01 AM
Well, that's good to hear. Killing tax does not actually kills the government but the people who are under the government.

That is an incorrect statement. Only a small fraction of the government revenues are now spent on education and social welfare. The rest is being spent on other expenses, such as employing government servants, defense, re-capitalizing bankrupt corporations.etc.

But how can the government possibly do that when they cannot function properly if it happens that there would be no more in coming tax pays from its citizens. We all do know that what keeps the government alive is the tax funds it self
If the government cannot collect taxes we cannot enjoy good infrastructures and they do not have money to corrupt, it happens in our country. But in relation to bitcoin, I guess they will take the necessary actions to tax people transacting online as it already give them an alarm and we are abruptly growing, imagine how much they can collect if they can impose taxes. But for now, we have to enjoy the tax less system.
Of course we need taxes for city/country developing to build infrastructures. Bitcoin won't kill anything include taxes, to reduce tax for some people maybe, as we know if someone invest on bitcoin, he could avoid some taxes but it different in every country depend on the regulations. The conclusion is, nobody could avoid taxes if you have something (salary, business, houses, vehicles) and if you can, government will find out and someone could go to the jail, better to play safe.
1427  Economy / Gambling discussion / Re: do you can control your self when playing gambling? on: December 14, 2016, 03:15:41 PM
While play gambling and lost, do you add more beting or stop play gambling? I always add more beting and deposit again, i can't control my self. Do you have suggesting for me?
I will stop if my funds out of stock for gambling. Unfortunately, I'm not good in gambling, I have no idea to make profits through games that I don't know how it works unless rely on my luck. So far, I just following tipster on sports betting but sometimes win and sometimes loss, not profitable for me. But I do enjoy the games and it feels entertaining, so I can control myself for sure.
1428  Economy / Economics / Re: Why have Bitcoin instead of cash? on: December 13, 2016, 04:41:42 PM
I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

What I like of bitcoin is the huge potential in the future, just like you said, the value worth more as time goes on.
We need cash for daily spending of course since it is an official currency for payment but government could take it from your bank accounts in case of something happens but they can't do that if you invest your money into bitcoin, nobody knows but you as long as you know how to keep it secure.
1429  Bitcoin / Bitcoin Discussion / Re: BitCoin Friendly Countries on: December 13, 2016, 08:40:02 AM
Singapore is one of the most Bitcoin-friendly countries. Switzerland is another one. The government tolerates the use of Bitcoins. On the other hand, a guy was detained in France after a policeman heard him uttering the word "Bitcoin".
most of the european countries like sweden, denmark, netherlands are bitCoin friendly.
While most of the Asian and African countries does not. There are too many third world countries and they are still under developed. They are too obsolete to accept new technologies and gadgets. The government believe that Bitcoin can destroy the whole politic system so they decide to ban it without any reasons.
As long as the country doesn't ban bitcoin or state it's illegal which could lead you to the jail if you used it, I think the country still friendly to cryptocurrency due to many countries the state does not regulate or had no plans to regulate bitcoin, so the citizens is free to transact in some other currency in a shop if they wanted to. We know that China and US are the countries with the largest bitcoin transactions (miners and trading).
1430  Economy / Speculation / Re: If we didnt had idiots blocking segwit we would be sittting on 4 figures by now on: December 13, 2016, 12:09:53 AM
Smaller blocks lead to people paying higher fees to beat the competition and be included in the next block. We need larger blocks to accommodate all transactions. Let miners choose to not include transactions with fees too small. More tx = more fees for miners. Hard drive capacity is not an issue. Hard drives are cheap.
You didn't click that red link right? Larger blocks mean high fees and hardwares for mining are not cheap.
Miners need powerful ‘Application Specific Integrated Chips’ (ASICs), GPU, PSU, lots of electricity are needed to mine bitcoin, that's all ain't cheap.
When building a DIY mining rig, it doesn't make sense to save money by buying a cheap PSU. Any instability in the power supply could hit performance, or even cause a system crash that will lead to downtime, so do invest in a high-quality unit.
Read here
1431  Economy / Economics / Re: Bitcoin worth to you or not... on: December 12, 2016, 07:07:36 PM
We all have some amount of bitcoins in our wallets..
Do you really think bitcoin is a currency Worthing you more than a real currency...
I do because real currency price won't grow up or down as bitcoin...
So do you or not ??
And also have a discussion about its prices in future..!!
Bitcoin of course so worth for me and mostly of us here, bring new hope in such a great technology of digital currency.
It's more than currency or commodity, it is a good way to invest my money and count on in the future. I think bitcoin more than fiat money and gold.
1432  Economy / Speculation / Re: If we didnt had idiots blocking segwit we would be sittting on 4 figures by now on: December 12, 2016, 05:23:30 PM
Even if we have some idiots still don't understanding we need segwit, the price is still rising and we are soon going to pass 778. If we had segwit activating faster, this would be more fuel for our rocket and we would reach moon 10 times faster. But the upraise cannot be stopped no matter what. ATH in new year guaranteed.

If you think implementing Segwit can lead to the price reaching 4 figures quickly, think what increasing the block size would do.
Unfortunately, we have idiots blocking that as well.  Smiley
I support of SegWit to full activate as it has benefits for bitcoin users in terms of security transaction.
I agree that increase block size could make transaction faster but why developers didn't do it, I thought Mr.Satoshi already figured it out since he created blockchain technology. Don't you know that larger blocks make full nodes more expensive to operate and lead to high fees. Bitcoin may look unattractive to new users with high fees. High fees may stop or reverse global adoption, investment, development, support and centralization. Have you read about that?
1433  Economy / Gambling discussion / Re: Is Bitcoin the future of online gambling? on: December 11, 2016, 06:22:44 PM
Since bitcoin is the coin that is always being used on every gambling sites here in the internet then I'm going to say yes. Bitcoin is the future of online gambling because they earn big with this coin everyday obviously because bitcoin is the only coin that have the highest price in all of the cryptocurrencies here in the internet, so that is why this is the most popular coin that is using in most gambling sites. Using other coins, like ETH and DOGE on gambling sites are fewer compared to gambling sites that use bitcoin.
Bitcoin is more popular than any other cryptocurrency and people love to use it, that's why there are so many gambling sites offered bitcoin payment instead of other coins even there is gambling sites promoted ETH. Bitcoin and gambling just a perfect match which users could easily involved in every bet they want to and no need I'd verification to sign up, all we need is a bitcoin wallet. As we can see there are so many developing gambling sites advertise their advantages to compete each other.
1434  Other / Off-topic / Re: Who controls the Bitcoins? on: December 11, 2016, 06:51:32 AM
If you want a country, it's the one with the highest amounts in Bitcoin (probably China). If you want a person or a group, there's none. The mining is controlled by China mostly, and the huge population helps it stay on the first position all the time.
I think China miners and traders have big impact to bitcoin as they are have higher trading volume.
They could manipulate bitcoin price but can't control it because the power are on every user of bitcoin.
1435  Economy / Speculation / Re: Will we start new year in $800+ or remain in $700+ on: December 11, 2016, 02:08:11 AM
with the new change in price moving up to 760-770 USD i think $800 price by the end of this month is easily possible now.

what do you think is needed for this rise to happen or ensure it?
Yeah, it's nearly to be happen before the end of the month, so much fluctuate but we have a little bit increases every day.
What we need to do is to be patient and do not sell your btc yet until the price pass through $800-1000. Big whales could affected the price significantly of course, however even for people who have small amount of bitcoin in wallet but if we agreed to hold for a few months, it would be great for us.
1436  Economy / Economics / Re: Sell Everything? on: December 10, 2016, 08:08:46 PM
Honestly, I'm very surprised we are seeing a rise in price right now.
Usually everyone in the West is spending their money on christmas presents, travel plans like vacations or going home for the holidays.
So price is more than likely being driven by Asia- India, China, etc.

If we get some good news on Segwit, the confirmation backlog being eliminated, or some new service starts accepting BTC payments,
hitting the $800 to $900 range by the mid of next year seems easily achievable.

I'm not surprised, because even if some Bitcoiners do Christmas shopping, the effect is minuscule compared to the overall market activity. Maybe, Bitcoiners are even buying Bitcoin as a Christmas present for their loved ones. Wink

The overall demand for Bitcoin compensates all spending activity there is. There are - by an order of magnitude - more people outside Bitcoin, wanting in than people already invested. I think the recent actions in India will increase demand for Bitcoin in the medium term. Even if only 1% of the Indian people discover Bitcoin as a solution to their cash problem, Bitcoin fiat valuation will soar.

If i had to guess, I would say we see the start of another epic bubble by end of the first quarter 2017.

ya.ya.yo!

i doubt that because during times like this people need cash to purchase stuff for their new year and they mostly cash out and countries like US which have the Christmas have one of the biggest number of investors in bitcoin and many of them may want some money and cash out.

although this may not even lead to any visible price change only because there is a big buy support which is increasing these days not because of lack of sell pressure.
We can assume that for now global trading already spread more widely in this year, more people trust and buy bitcoin for whatever their purposes, so the price got increased. I prefer to agree with people need sell and convert to fiat to buy stuffs due to christmas and new year but the price looks like doesn't affected instead continue to climb. One thing for sure is the demands of bitcoin pumped right now.
1437  Bitcoin / Bitcoin Discussion / Re: Effects of Banning Bitcoin ? on: December 10, 2016, 07:30:14 PM
Okay so, bitcoin is outright banned in some countries, so the banning of bitcoin is already a reality. The major government including Russia, China, and the USA (just to name a few) could also ban bitcoin and cryptocoins in general. My questions to you guys are: What do you think will happen to bitcoin?
I am curious though if the governments could have a strong enough desire to destroy bitcoin or prevent it from growing past a certain point, that they could actually do that. So I wonder what you guys' thoughts are.
First, I have never heard about some countries already banned bitcoin, which countries that you know forbid their citizens to deal with bitcoin?
Sec, I'm curious too why government have desire to destroy bitcoin? Bitcoin bring positive impact to people and financial economics due to many people could earn money and a lot ofbusiness started accepted/adopted bitcoin payment and bitcoin doesn't harm the government.
I thought bitcoin will be fine, nothing to worry about.
1438  Economy / Gambling discussion / Re: What are your favorite gambling games? on: December 10, 2016, 07:00:37 PM
My favorite gambling game is always dice. I always play on different dice sites and test where i can win more often. And i always like their wagered events where you can earn some big amounts if you are on their leaderboard. I sometimes gamble on sports betting but i just play there where the matching team is very obvious on who will win.

That is also one of my favorite gambling games, because dice games are really easy to learn and to play. Also I love to play sports betting especially when my favorite teams have their match. And I won't be late to bet for them and support them for their games. But I'm not that addicted that is allocating a lot of hours for playing it.
Lucky you to enjoy and know how to get profits through dice game, whenever I was played dice always ended in less than 5 minutes and all my money gone. I have no idea how to turn dice into profitable as far as I know we just depends on luck. How you guys did it, could you share any suggestion or strategies to make profits on dice?
1439  Economy / Gambling discussion / Re: What is better? To gamble or to invest? on: December 10, 2016, 05:41:01 PM
I think investing is more risky than gambling because most of investing websites are just scam, but in gambling you have better chances to make your bitcoin grow. How about you guys what do you think?
According to me it is Better to invest in Trading and Other Investment Projects as Compare to gambling because Gambling Depends Upon luck and you don't Need experience to win in gambling but if you invest Money online then you need to get some information about the investment program.
People need experience to win in gambling obviously, games such as poker or sports betting need skills and knowledge about the games in order to get higher chance instead of just depends on luck. The same thing also applies to investment or trading, you need to do some research and learn about the investment programs before get into it.
1440  Economy / Speculation / Re: BTC at $1,000 by Christmas? on: December 10, 2016, 04:45:13 PM
I also think it looking much hard to get touch $1000 by this Christmas. Maybe price will rise and can cross $800 but nobody can tell the exact price of bitcoin. With current trend I don't think it would be there.
Just be positive, there are plenty of enough time to test those price levels. Usually people prefer to spend more for their festivals and celebrations in next two weeks of time we can expect people will buy bitcoins for better saving with their shopping. These 2 weeks are more than enough to cover the differences of $250 gap.
I think bitcoin could cover $250 gap in two weeks as the current price has constantly increases around 1-2% daily even though there are some declined, but I don't expect we will see $1000 by this christmas if bitcoin keep on track likes in this month.
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