Good. Now everything is clear for me. Is a list made from you. A very good initiative which give an idea about the value of bitcoin in every world currency (or almost if not all). It is impressively the value of bitcoin even this is well known but every person which know bitcoin. The only thing that needed nor for the bitcoin it is its regulation and its value will have legality; this mean that its value can be increased more and more.

You're wrong. To many people lose the control of itself for various reasons. Theoretically every human being named homo sapiens have this characteristic. But not all in the same field or way. Some more easy, some more hard and some other much much harder. If you find "the key" everyone can be addicted to something. Maybe a little, maybe to much and maybe so much that can classified as a disease. It is enough to find the field and to find the way. So your words are not correct. The above wrote from me are applied in a certain way and in only one direction by the hypnotist. They find the key that you, for a certain time, be addicted by him.

So your above words are not true always. Not everyone can stop themselves and not everyone have self control. Gambling is one of the fields of activity which is known that produce more addiction than almost all the other actions or activities. This people must be protected. And if the casinos or online gambling owners will be a little responsible must protect them by the destruction of themselves.

It will the best thing you will (can) do. Do not use it and use all the others tool you mention in your post. Leave your bitcoin in your wallet. Theoretically the price of bitcoin can go very high. Only if regulated (otherwise with to much probability will be banned) and accepted legally as a normal currency in your country. That day you remember that you have bitcoin and again don't use those. Only do a change in your desired fiat money. You will have, using this way of action, much more profits than the actual use of it.

You must see more than some weeks to find the real trend of the price of the gold. Below are the prices of gold the lasts 5 years. The trend is the decrease of price. I told 5 years. In the post above yours and quoted by you is written that bitcoin has only 5 years of life. Recall something in your mind this coincidence? I don't want to believe this because it could be an coincidence, but 5 years are even the amount of years in which the price of gold began and was decreased.  

But people will always have the option of using a service that's not regulated if that's what they prefer.

Disagree. If the Authorities will want and will decide that the people should not use a non regulated service the people cannot use it. Authorities will not allow this and only the people which normally break the lows will use it. I don't like this and I don't agree with this. The people must follow the rules which regulate the society. So don't break the laws. Otherwise it will be anarchy. This is bad for everyone. Only for the evildoers not.

Any nation or jurisdiction can try to impose regulations on the general use of Bitcoin if they want, but they're not going to have much success with that.

Disagree. Regulation will make bitcoin free, legal and known by everyone in every country. Regulation it will be always better that ignoring bitcoins as it was now in most of the world countries. Regulation will give at bitcoin the right to stay in the same status as the other currencies used in every country. Leaving it without regulations mean ignoring it. This will undervalue it always.

Bitcoin is self regulating.

Disagree your meaning. Bitcoin is self-regulated as an informatic product but not as an currency. The right and the possibility to regulate an currency (the money) can be exercised only by a Central Bank of one country or an similar Authority. If bitcoin will want to be accepted and used as a currency there are not other way to be such, except its regulation from such Authorities in collaboration with the various governmental agencies which have as object of their work money laundering.

Also, regulation in practice does very little to stop "the evildoers" as you call them, as we don't do regulation properly anymore.

Disagree totally. In my country is not so. And we are a medium developed country. I think even in your country your words are not true. It is not imaginable that a Central Bank don't do the right regulation and the right management of regulation. This kind of behavior will bankrupt immediately the state of that country and will cause an economic collapse. The regulation of money in one country is the most economic important thing. Not coincidentally the Authorities which regulate it (normally Central Banks) are independent from everything (even from the Government). They are selfgoverned. They want every day to stop the evildoers with the various regulations and even their evolution. Everything evolve. Evildoers maybe firsts. The Central Bank do new rules to stop them. This is the normal fight between the right and the wrong, the good and the bad. Until today the right and the good have won. As for me, it will be so forever.

All the rest of your post can find answer (according to me) in the above explanations.

You did not understood what I had written. Your reasoning it is my an example of a part of my advice. To wait the high price and then to sell. While him wanted to sell some in these days when the price is about 240-250 us dollar one bitcoin and to save some others for the days to come when the price is waited to be much higher. Your example show what it will happen if the previous author of the post will follow my advice. So to wait and to sell when the price will go high (as you have shown).

Then I tell that his choice make sense to be applied if he had big quantities of bitcoins. In this case he can sell some of his bitcoins and this don't "hurt" to much him because he have to many others which can be sold when the price will go high. But even because the amount of money that he will have from the bitcoins which can be sold will be relevant because the bitcoins sold there were be not few. He have to many bitcoins and will sell part of those which are not few (he have a big quantity of those and "few" from those are not few indeed).

But if its quantity of bitcoins is low doesn't make sense to do this because he can sell only few of those (in this case the meaning the few is real; because he has indeed few bitcoins in total) and will not have to many money from those (are few bitcoins). While if don't sell those but save all his few bitcoins in its wallet one day will have from those much more.

All the suppositions are made with the idea that one day the price of bitcoin will go very high. Event this that it is not sure.

Wrong "predictions": three matches.      Right "predictions": six matches.  

I am the One. Even I have not maintained my main "prediction". To have only two errors in my "predictions". But yet definitely I am the One. Who knows how much money I will had if I had made a real bet.  

As it will be for me leave those in your wallet and forget about those. One day, when the price will (can, may) go high, remember and change those. Maybe, that day, you can buy an expensive car with those. But even the price will not go high for sure will not go down. So, their value, at least will remain the same.

It is a very big surprise for me your post (its content). I cannot imagine that one person like you (in your position) make such posts with these words and with that design (bold and big letters for the important things). Congratulations for this.

But do you know that not all the people are equal (even, we can't find two the same; even if are twins) and most of the gamblers finish in addiction from this kind of "entertainment"? Why you did not put limits in overall amounts with which one person can gamble or better, if someone go over one limit in loss of money must stop to gamble (from the machine or from you) and sent at his home?

IN WHICH WAY YOU "PRODUCE" THE PROFITS? FROM NOTHING? WHICH IS YOUR BUSINESS WHO GIVE YOU SUCH PROFITS TO DOUBLE THE MONEY SENT TO YOU BY THE OTHERS? THE MONEY CANNOT BE CREATED FROM NOTHING. WHERE DO YOU FIND YOU THOSE? ANSWER TO THESE QUESTIONS.

Very good news if it will be true. Bitcoin will have always need for Satoshi. Then every other bitcoiner need to know more (in terms of written thoughts) and to have more from him. But I think that there are only words. The movements of old bitcoins doesn't mean that are from him. Maybe he has given the password of one of its wallets to another person like he has made with the source code repository and network alert key which he had given to Gavin Andersen.

According to article: "The discussion quickly focused on the use of digital currencies for remittances, a classic scenario that highlights bitcoin as a cost-effective alternative to current international money transfer channels." So the discussion were only for the remittances. This is to few according to my meaning about the role of a cryptocurruencies in the economy of a country. And this meaning is not mine originally. But even me had this idea within myself without knowing. I saw this thing written by one my friend here in this forum in one of my threads.

I think that the mission of the digital currencies is way more big. They can (if it will be possible and if it will be agreed by the scientists of the economics science) replace the national currency of every country. There are are to many question mark to be resolved before about this initiative and the Authority of the country which will execute this option will have to many things to decide and to resolve (because it will be an hard experiment) but I think that this option have a future. And if it will be executed it will be the best possible (or at least better than the actual) one for the economy of that country.

It is time that this thread is created so this news is not more new. But I want to tell the mine. It is a wonderful news. One of the best decisions that court have declared since the time I have heard for the first time for bitcoin (about three years ago). This has removed in a big measure the bad name that bitcoins had when Silk Road flowered. Hope that him remain in prison all his life and that no one be able to repeat its story (even I have heard that were Silk Road 2 or even more but not with the same extension and importance of the first). Those kind of activities impedes the spread of bitcoin, its regulation and its legalization in every country in a fastest and without problems.

From the news during its arrest and judgement I have read that him has paid people to kill people when it was in risk its Silk Road. This is the emblematic sign which give an idea that where can go someone which have as the activity of its life the dirty things.

Firstly can you explain better what does it mean this sentence: "can absorb complete index of over 160 world's currencies (including IMF conversion notes), and do this four times."

Sorry but my knowledges don't allow me to understand the real meaning of this phrase and what mean (the importance of) this meaning for the bitcoin.

Then it will be better if you give the source of this news. This can give to much info about its importance. This list is an list made by you yourself, by an institution, it is a formal list published in some financial place or site, or is a list made from some organization which have to do with bitcoin? Or what? Then, even maybe everyone of us who are in this forum might not like this, this list doesn't mean that bitcoin is known or is used in all those countries. I bet in this. All the currencies are connected (changed) with each other and it is not hard to create a such lists and to publish those using the rates of the change between all those. I think that are other data those who can give an real and right idea about the importance and the power that bitcoin have in each of those countries.

I think you can have news about this in the last row of this presentation in Wikipedia (named "Arrest and prosecution") : https://en.wikipedia.org/wiki/Mark_Karpel%C3%A8s

Even more here: http://www.scmp.com/news/asia/east-asia/article/1857199/french-mtgox-ceo-japan-charged-embezzlement-amid-bitcoin-fraud

Maybe are the last. At least are the last (official) I have found.

Thanks for your intervention DeepMix and Ashour.

Can you comment more about what it will be the future of bitcoin if it will be banned from most or the majority of the countries because of introduction (if it will be so) of their national digital coin currency? Naturally if you want or have something to write .    

This is the main aim of this thread. It is written even in its title.

Well. For all you three I have a bad news. One of the countries about which is written in the main post has already banned bitcoin. This is Russia, which, without waiting for the creation of its bitruble has banned our coin. What are your comments about this news which is in opposite with your convictions?

For more not only Russia but even other 7 other countries has banned as well bitcoin. Those are: Bangladesh, Bolivia, Ecuador, Indonesia, Kyrgyzstan, Thailand and Vietnam. And its status is "restricted" in other three countries (on of them with the same importance as Russia). Those are China, Taiwan and Iceland. If every country will follow those (especially later and when they probably will or can have its national digital coin currency) what will happen with bitcoin? Give me your opinions.

There are signs that even China is prompted to regulate it. There is a thread in this section about this: For more: https://bitcointalk.org/index.php?topic=1207161.0

For more about the legal status of bitcoin in some other countries (the countries where is allowed) everyone can read here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

It is supposed that the other countries which are not in the list of above link ignore bitcoin. Are absolutely the majority of the world countries. Only other 31 country have and give data about it. In those country bitcoin is allowed and is regulated. This situation can give an idea in which points is the known (and the real "power") of bitcoin in all the world.

I don't want to deviate the aim of this thread so I will be very short about this theme. But I cannot stay without writing something about it because it is an clear case of corruption and cheating that merit some words.

I don't know the Cyprus case but I know very well the Greek case. You are in big wrong about the crisis in Greece. The money of the Greeks are all money have from Europe and not money of the Greeks. They have live for the years you mention not with their hard work but with the credits taken from the Europe. They cheat (giving false financial data) to enter in Eurozone only to have the possibility to have credits without limits and without conditions. And so it was. They entered in Eurozone and had money without end as credits. Their level of life was increased with those money. No one person in Europe (maybe even in the world) have the retirement at 57 years like the Greeks. No one have 14 or 15 monthly salaries in one year. No one church in Europe have such privileges and money that have the orthodox church from the Greek state. I can continue with to many privileges that the Greeks benefited with the money of the others. The only resource of Greece is tourism and with tourism no one can have such life. And at the end this is a long story. It is not the first time that Greeks are in such situation. During their story are other stories like this. Read here for more:

http://finance.yahoo.com/news/a-brief-history-of-financial-crises-in-greece-214114194.html

And the shameful problem they have is that they don't want to give back the money to the owners. For this has voted more than 60% of those. This is the maximum. Then accepted (after the referendum) a plan much more severe than the previous one for which has voted to not pay. Why? Because were in wrong and no one forgive its money. Europe want its money given to them.

I can find other sources more detailed about the Greeks crisis and their habits but as I told in the beginning this thread has another aim. So I will not answer more about this problem here. You can learn more if you have the patience to do a search in my posts. Or create another thread yourself about this topic.

It is true but is true even the fact that is treated and awarded in the same way like the other Nobel prizes. From the Wikipedia: https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences

"The Nobel Memorial Prize in Economic Sciences (officially Swedish: Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, and as a "category of the Nobel Prize" by the Nobel Foundation itself, which owns the name Nobel Prize, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field. It is not one of the prizes that Alfred Nobel established in his will in 1895, but instead was established 73 years later by a donation to the foundation from Sweden's central bank, the Sveriges Riksbank, on the bank's 300th anniversary. Winners are announced with the Nobel Prize winners, and receive the award at the same ceremony."

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