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15221  Economy / Speculation / Re: If bitcoin bubbles again, Chinese exchanges will have problems on: June 15, 2015, 07:40:30 AM
Even if they could stop a bubble in its initial stage, arbitrage should take care of that price fixing quite easily.
And with a great number of people withdrawing and rushing to other exchanges to sell, sh_t will surely hit the proverbial fan immediately.

like banks, as soon as they notice a huge influx of people cashing out, they will simply not allow any sort of cashout to prevent any more damage to happen.

it could explain why they were aiming at banning bitcoin before, when there was that huge bubble, and then they changed their mind, when the bubble started to fall
15222  Economy / Speculation / Re: Best point in time to cash out the Bitcoins? on: June 15, 2015, 07:37:01 AM


Yeah 3 years is a long time in the bitcoin world but I was thinking more along the lines of 5 to 10 years. It's still in its infancy and there's still lots of work to be done with infrastructure including making it easier to (securely) use for the average guy on the street.

There are a lot of hoarders admittedly but I still try to spend bitcoin when I can (not too much though Wink)


I don't think it is in it's infancy anymore. It is already 6 years old, in digital age, that is adult.
I am getting the impression that it will remain somewhat fringe to the general public and be used for buying drugs / black market stuff and hodling hoping to win the lottery, which will do nothing to drive up the price.

and why you're still holding then? if this is really what you think you should dump now without any esitation, but apparently you're still honding, so you actually believe in the possibility of the price increase again

It's better to sell your bitcoin now if you don't believe bitcoin price will rise again or don't want take the risk.
If i were you, i would hold my bitcoin until bitcoin price rise again
Yes, it is simple. Why do we sell it when it is cheap?

because of fud, and general panic, we think that it will decrease even further

but a good traders, sell only when the others buy, and buy when the others sell
15223  Economy / Speculation / Re: Gemini going live next week on: June 15, 2015, 07:32:41 AM
so they finally set it right, i'm waiting like no tomorrow the opening of they exchange, i am excited to know what good thing will bring

maybe i'll do some trade there if i find it comfortable enough
15224  Economy / Speculation / Re: Why are we rising? (speculation) on: June 15, 2015, 07:30:49 AM
only returning to the previous price, not actually rising, are you aware that we are still in the same fucking range since months

230-250, there is no movements, you can start talk about a rise when we increase above 250 at least
15225  Bitcoin / Bitcoin Discussion / Re: Bitcoin: Should you stay or should you go? on: June 15, 2015, 07:28:15 AM
what is funny, It is that many want to stay just because they want bitcoin to achieve the high price to dump immediately after it, for fiat, then you do not really want to stay here for bitcoin, but for your portfolio

if you really believe in bitcoin you should stay here, until bitcoin will be used like you use any fiat today
15226  Economy / Economics / Re: How to save money. on: June 15, 2015, 07:23:49 AM
Whatever you do, don't get married.  And if you must get married, have a good financial plan and agreement --in writing-- ahead of time.  All sorts of control of your finances is lost when you get married.  Automatically, there are laws that guarantee your spouse certain amounts of your income.  Sometimes even until you are long divorced.  I'm not saying all the laws are wrong... I'm just saying learn about them because it can really affect "how to save money".

this is my first prerogative in the real life, removing all the problem, the first is about getting married, the second is removing the needs for the job, the third is being only happy and nothing else

removing all these problems is another way of saving your money, when you are alone it is much easy to control your income, and much easy to avoid a complete random mess
15227  Bitcoin / Bitcoin Discussion / Re: anyone read this article: The scam called Bitcoin? on: June 15, 2015, 07:19:31 AM
[...]
And the final conclusion is "The future might not belong to Bitcoin, but it should to its technology."


Seems to be the new approach by main stream media: Bitcoin - boo! Blockchain - yay!

yet they fail to understand that those two work together and they are inseparable, unless they want to build their own fork with a different, yet more shitty(very probable) coin than bitcoin

their fud will not touch anybody anymore, but only those that don't know anything about bitcoin, which are becoming less and less every new day
15228  Bitcoin / Bitcoin Discussion / Re: First Ever Bitcoin Bank to be Opened in Switzerland? on: June 15, 2015, 07:14:36 AM
Here we go again with people saying "we" don't need a bank like they represent the whole bitcoin community.

usually if you are here it is because you hate bank, at least a bit, another reason is because you want easy money from bitcoin, aka more fiat, so those who still want to go with a bank even when they have a decentralized payment like bitcoin that aims at disrupt the whole banking system, probably belong to the second group
15229  Economy / Economics / Re: Bitcoin or gold? on: June 15, 2015, 07:09:27 AM
If you can get some of both that would be the best for you.   It is always best to have money spread out over different things obviously.

That depends on the amount of initial capital available. If you have $1,000,000 with you to invest, then you can divide it into various sectors, such as Equities, Mutual funds, treasury bonds, fixed deposits, bullion, real estate and Bitcoin. On the other hand, imagine that you are having just $1,000 with you. Will you be able to diversify your investments?

honestly if you have a big capital, isn't just better to retire and live your life in total happiness? isn't the final point of investing to become rich and to retire?

this race of becoming always more rich, it's beyond me

personally if i had 1M i would retire and close all this shit all together
15230  Economy / Economics / Re: Nearly 70% of Bitcoin users earn less than $100,000 annually - Coindesk on: June 15, 2015, 07:04:57 AM
are you surprised of this, basically many are poor guys that are looking for quick buck, others have just earned that quick buck, it seems that the already rich people are not interested too much in bitcoin, it could also be a reason why we are stuck with the current price

i presume the remaining 30% are early adopters(miners and buyers)
15231  Other / Beginners & Help / Re: [FUNNY] How to clone, copy and replicate BTC on: June 15, 2015, 07:00:58 AM
That's fake and gay, here's the actual way to clone your Bitcoins.
1) Find your Bitcoin wallet.dat file
2) Copy this file
3) Paste it
4) Now you got two wallets, you just doubled your money
5) Repeat as many times you want
6) Huh??
7) PROFIT

lol this is how many think that the bitcoin XT fork will work, to double your coins

they forget that spending from one wallet will spend from any other copy of it
15232  Bitcoin / Mining speculation / Re: Difficulty jump! Barrier of entry for mining on: June 15, 2015, 06:54:10 AM
Majority will agree, mining btc directly is not worth it unless you have some serious hardware money.
Mining was the past. Right now anything about mining i think isn't profitable. Cloud mining full of ponzi, individual mining can't get ROI, pool mining full of scam. So now, mining isn't a trend.

the whole mining, is dead, at least for casual miners, and with bitcoin(unless you have plenty of money to invest in some serious farm, but even then it will be probably, not worth it, a bit risky if you ask me), if you still want to mine something there is only the altcoin section
15233  Bitcoin / Bitcoin Discussion / Re: A major flaw with Bitcoin on: June 15, 2015, 06:25:52 AM
what about those physical bitcoin coin? they smell of gold, or they have a different smell, more appropriate to what they are about?
15234  Bitcoin / Mining / Re: Covert Mining in "Ant Hole" on: June 15, 2015, 06:24:03 AM
so this is how you guy call if "i have free electricity", now everything is explained, i always wonders what was the way to steal it lol

but anyway with such low numbers of miners, it still pointless to do it, mining is not even about free electricity anymore, it's about going big in the first place
15235  Other / Beginners & Help / Re: New to Forum on: June 15, 2015, 06:20:34 AM
without even following coindesk, for any good news, you can just haunt in the bitcoin discussion section, it's the best place to follow everything about bitcoin, and to get more confidence with others users, and their knowledge on bitcoin
15236  Bitcoin / Mining speculation / Re: Worth investing now? on: June 15, 2015, 06:17:52 AM
abolutely worth, it, notice how the price is slowly climbing again, in the worst case you ca just short in the usual rande of 250-230

maybe don't invest everything you have bust start with a small amout, and increase it everytime the price rise a little
15237  Bitcoin / Legal / Re: What I need to start an exchange and what are the laws? on: June 15, 2015, 06:15:37 AM
Talk to licensed legal counsel in your jurisdiction, which sounds like Italy. I would suggest you not seek legal advice on these forums or on the internet.

the problem is that in italy there is no regulation about crypto, at all, no one kown anything on how to get around this, they(taxman, business consultant)only give their opinion, which is useless , that's it, but nothing is official, italy like others country in euro are waiting some words from the European Central Court

15238  Bitcoin / Legal / Re: Bitcoin startup taxation on: June 15, 2015, 06:07:22 AM
It is not just bitcoins, but all crypto from my understanding that you have to worry about.  From what I have read on the subject I think that it is best to consult a tax professional just to be sure.  There are also local regulations to contend with in some areas, and it would be really easy to make a mistake.

You need to report any time a bitcoin is exchanged, not just when it makes a profit.  Kind of like stocks.  So if you buy something with bitcoins you need to translate to the cost of dollars, and compare that to the price when you bought bitcoins.  AFAIK the irs wants us to use FIFO for bitcoin accounting.  This makes tracking purchases and sales needlessly complicated, and I would seriously consider getting some software to track the stuff for your business.  At least this is my understanding, but the irs has been pretty vague on the issue leading me to believe that there will be plenty of court cases to come.

Best of luck!

how they can track back something like monero? not to mention any others random coin that can emerge every day, it's impossible to follow that shit, plus the coin that you see in the altsection are not all the possible existing coins

there can be some dark forum, that is creating additional ones
15239  Economy / Service Discussion / Re: Cryptsy security team don't help me on: June 14, 2015, 07:25:55 PM
Hm... Have you tried contacting their support on this forum?  Also, is your phone and computer completely clean?

Support in this forum? Where?

I think so my computer is clean. You known this project? http://www.heise.de/download/desinfect.html (German)
This is an Ubuntu live system with 4 AV-Scanners. It download always the actual signatures. I run this 4 scanners at this moment.
I think, my system is clean. And as I've said, 5 AM I was in my bed. :-/

they have an avatar with cryptsy written above

like this guy https://bitcointalk.org/index.php?action=profile;u=110699, he helped me with a problem 1 and 1/2 year ago about a forked transaction of an altcoin
15240  Economy / Service Discussion / Re: I was stolen 100+ BTC, don't know what to do - please help on: June 14, 2015, 07:23:52 PM
I'm reading the reddit thread and it seems like OP is a thief and won those Bitcoins from Bitdice due to a bug.

ahhh, now everything is clear, this is why he isn't responding anymore, usually when they throw the stone and run away, without continuing the conversation, you know there is something fishy

i didn't trust what the OP say since the beginning of this thread, then add to this that he used a newbie account...
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