While the number of Bitcoins involved in transactions is up, that's because the price of Bitcoins is going down.
This is what matters. Bitcoin usage (measured in bitcoins) is actually up. The dollar value does not matter. |
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These are very expensive mistakes.  Bitcoin is not to be blamed, but the media might write an article doing just that. |
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My buy orders at $220 went through = successful weekend.  You should wait for another couple of weeks before declaring that. If Bitcoin goes to $200, you might want to take that back. |
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Right now this seems to be a remarkable support at $229. I'm not saying that we can't break down from here, but it's good to see that we don't cave in at the slightest attempts to go lower. The bears at least will have to put up some more pressure to bring this thing down.
 Sorry what was that sound? Did you just eat your words? That was 2 days ago. 2 days is a long time in Bitcoin's price history.  |
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Unfortunately this living on debt lifestyle has been the brainchild of the banks, started with ninja mortgages and credit cards. These last two generations were brainwashed to raise their standard of living by borrowing money and now we have a very young generation who want everything fast and ready. This is the worse nightmare for any economy and it is built on air.
When companies use their earnings just to repay debt, there is contraction of the size of the balance sheet. When it happens throughout the economy, you could have a 'balance sheet recession'. The effects of this can be painful. It is better if the huge debt which has been incurred is paid off over a period of time. |
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I would like to join.
Name: pitham1
Post count: 467
Rank: Senior Member
Bitcoin Address: 137nnAwoYHhNEDpAwNC17CwnoVokKD27bS
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3) There is ALWAYS someone around who will take your gold as payment...
The same could be true of Bitcoin in a couple of years. |
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And it's back!
The very few bulls still left can't fight the massive selling pressure anymore, we'll continue this slippery slope for a few weeks i think (-3% to -5% daily) until the pressure is too much they can't even reduce the decline to that level and it will plummet towards $100 within minutes to stay there for at least 2-3 months.
Don't you get tired of posting rubbish? The only thing you are doing is making yourself look like a clown. I thought legendary users would at least know what they are talking about. I was wrong with thinking so it shows. Since he is a legendary member, he probably would have seen the ups and downs, and is calling it like he sees it. Alternatively, accounts can be bought and sold.  |
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They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble. I imagine that many north european countries would like to buy some sunny islands ... Selling a country's territory could cause a lot of implications. Greece already has a way to privatise islands in place but I doubt that this could be a way to erase part of the dept for many reasons. And the bureaucracy is one of them. They just don't have the will to do it. Countries have faced crises before and have come out of it. I don't see why Greece is making such a hue and cry about returning funds that they have borrowed. |
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They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble. I imagine that many north european countries would like to buy some sunny islands ... Their self esteem will take a beating, but life will become manageable. If they decide to sell islands, even countries like China might be interested. |
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Real Bitcoiners will buy now. Prove you are a real Bitcoiner by buying now.  Real bitcoiners convince others to buy bitcoins.  |
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When I describe bitcoin to my friends, their usual argument against bitcoin is:
"Why would we spend time to exchange cash or credit card or money from the bank account for bitcoin and then to exchange bitcoin for a gift card in order to buy something, when we can use credit card and buy something in a second."
I usually try by responding that you can send as small an amount as $2 to somebody in Iran using Bitcoin. They usually don't have any use for that. So I show them how to gamble using bitcoins. |
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I ask myself what would happen to them if they go back to Greece and for the next 4 months start just spending that money and fulfilling their campaign promises, delaying sell-off of ports, pantheon and so on.
As long as the Troika play along, it will be okay. But they can't risk testing the patience of outsiders for much longer. |
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I'm pretty sure it's a hard thing to run a online casino from within the US if that's what you're asking. Most gambling sites that I know operate from outside. It was also pretty dubious to use these sites from within the US but that situation may have changed recently, I don't know.
Forget running online casinos from the US, even allowing US customers to access your offshore casino can be problematic. Satoshidice and Luckybit block IP addresses from the US from gambling on their sites. https://www.cryptocoinsnews.com/bitcoin-gambling-site-satoshibet-turns-back-united-states-market/ |
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I will be waiting for happy hour this time around. |
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congratz to all for winning of KKR and they are about to finish that match with their massive victory, Gambhir and Pathan made that easy for them to chase that easy total.
KKR played really very very well from start they had all the match in their grip.They gave extraordinary performance and won the match easily. Third consecutive win for them, but you have to take it with a pinch of salt given that it was against DD. |
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Why would you pay that much for just a collectors item? Its not spendable.
With the keys, you can claim you are Satoshi. And that could be worth a lot. |
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Was it just me or did that article not mention much about this new legislation?
There was nothing on the new legislation in the article. OP could have just used the title of the article as the subject of this thread - "Future of Bitcoin could pay dividends" |
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If he was cashing out in small amount but on frequent basis would we have known it's him that's doing it? There's always different ways and option on how to do it but still keeping his identity concealed. All these claims are just based on assumptions.
Any movement in those coins (small or otherwise) would generate a lot of interest. It will not be easy to conceal his identity though. He can ask funds to be transferred to a numbered account in exchange for his coins. |
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A New Competitor for Bitcoin Aims to Be Faster and Saferhttp://www.technologyreview.com/news/536641/a-new-competitor-for-bitcoin-aims-to-be-faster-and-safer/The total value of the digital currency Bitcoin is now approximately $3.4 billion, and many companies and investors are working to prove that the technology can make financial services cheaper and more useful.
But Stanford professor David Mazières thinks he has a faster, more flexible, and more secure alternative. If Mazières is correct, his technology could make digital payments and other transactions cheaper, safer, and easier—particularly across borders. He released the design for his system in a white paper last Wednesday
Mazières’s new cryptocurrency protocol, called SCP, is being adopted by a nonprofit called Stellar to replace a Bitcoin-inspired system meant to make financial services cheaper and more widely accessible in the developing world. Stellar’s original system was modeled on one developed at the startup Ripple Labs, which is using it to help banks and other financial organizations move money faster
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