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161  Economy / Economics / Re: Global Financial Crisis scenarios on: October 15, 2014, 03:14:46 PM
War can actually result in bitcoin supply coming down as well, with a lot of private keys getting lost...

Agreed. Who would think about their coins if their families are being slaughtered.

And their wallets gets rocketed. I wonder how many wallets wil gets lost because of people dieing from Ebola.
162  Economy / Economics / Re: US National Debt / Deficit - How does it end? on: October 15, 2014, 03:12:37 PM
it doesn't end. what is the incentive for ending it.

LOL.. Perfectly said. It doesnt end, it will grow and grow.

Yes. Right now USA economy is in rising, so their debt should decrease. How many it decreased from 2010 to 2014?
163  Economy / Economics / Re: Why we love the rich and hate the poor on: October 15, 2014, 03:10:31 PM
rich = has the money, connection, power, that we can abuse and use.

poor = has nothing. Not necessarilty good people. nothing that we can use.

ie we love the rich because we are selfish and materialistic.

lol.

prove that you are selfish and materialistic. i dont believe you are rich!
164  Economy / Economics / Re: Reasons to HODL! on: October 15, 2014, 03:06:06 PM
How many user here holding since January and still around?

lol, January is not that far back. You wil find many here if you will ask how many hold from 2012.
165  Economy / Economics / Re: China will become Super Power ? on: October 15, 2014, 03:04:13 PM
... but I am almost certain that we should start learning Chinese Cheesy

For me it's too late, but I seriously consider it for my children.
There is no reason why Chinese could not be the next dominant language around the world.
Well,.. now I think of it, all those characters are not really convenient and easy to learn.

So you must put lots of effort for your children in first years to expand their painting and drawing since Chinese letters are drawings. Smiley
166  Economy / Economics / Re: Can the World Really Abandon the Dollar As A Reserve Currency? on: October 15, 2014, 03:02:17 PM
It is really interesting to see how much influence Bitcoin will have on this. Altho days of USD as world reserve currency are already counted down, Bitcoin can decrease them drastically. It can all happen just in a decade.

I would wait to see at least 1 country officially accept Bitcoin. That would mean a real new threat to USD.

What do you understand as accept BTC. To totally ditch their own currency? and just depend on BTC?  Or just not make any fuss of it and accept Bitcoin as any other foreghin currency?

I think there are many countries that already did or will soon treat Bitcoin as was my second option.

I think it will take lots of time until this happen. I think every country will still push forward their own currency as much as they can.


You see on this forum in altcoin sections. Everyone pushes their own altcoin, no matter how good it is. But all of them accept other altcoins.
167  Economy / Economics / Re: Why bitcoin prices are always very unstable on: October 15, 2014, 02:54:43 PM
I could be completely wrong but from observation, it seemed as though BTC/USD increased to $1,000 each last year because most of the speculators (particularly the newest speculators) hoped that people would develop more and greater services which would be centred around bitcoin. Which has happened but not quick enough then most had hoped and this is completely due to Government intervention, particularly China who is trying to eliminate it completely and the US Government would love to do the same thing but instead they will keep crippling the unregulated financial services offered in bitcoin. Now, I might be wrong but I believe that the fact that these asset exchanges and lack of banking services is a major contributor to why the price isn't higher than it is now. If everyone believed they could get huge returns quite easily using bitcoin then of course the price would be back to where it was beforehand. If people were so scared about the volatility then they would just hedge.

The increase in price last year was due to market manipulation by bots. Smiley
The bots were purchasing on behalf of speculators with a lot of money. It is not a conspiracy.

Zoznoz is likely correct to say that speculators were trying to profit from quick and massive bitcoin adoption but the chinese government was able to stem this in their country. I would anticipate them easing off these bans/regulations over the long term as they become more of a free market economy

Is there any evidence on the use of bots?

You can easily detect bot on exchange. just add and remove one offer and you wil see that one at some designated % of what you placed will immediately appear on market.
Bots dont manipulate market, they just make you really hard to sell bitcoins for fiat or sell fiat for bitcoins, but force you to buy them and pay more and get less.

Bots actually make exchanges more stable, since there si more BTC on offer and more fiat on offer.
168  Economy / Economics / Re: Will bitcoin survive the impending financial crash? on: October 15, 2014, 02:50:44 PM
I see this as that lots will matter then this crisis start. If it wil start next year, will not be so much influence if it will start in 5 years time, may influence Bitcoin greatly.
169  Bitcoin / Bitcoin Discussion / Re: Documentary on Bitcoin - Summary Thread on: October 15, 2014, 02:10:17 PM
This thread is very good
But, are there are any documentary for the people never know bitcoin ?

The rise and rise of bitcoin is a good one for people at any level.

Yes it is, but most people that uses this forum, know all what is in there already. But movies are to burst your memories, so yes is for all.
170  Bitcoin / Bitcoin Discussion / Re: DORIAN NAKAMOTO LAUNCHES LEGAL DEFENSE FUND AT WWW.NEWSWEEKLIED.COM on: October 15, 2014, 02:05:41 PM
SEE.. I DELETED MY POST!  (within less than 3 minutes) and yet the OP still quote me.   i was hesitant after i did my own searching, but the OP's anxiety to respond made it irresistible for me to believe it's a scam.

i may be wrong but it still feels weird due to op's behavior. 

So maybe next time you will be more careful. Hopefully.
171  Economy / Speculation / Re: OFFICIAL - FUD thread on: October 15, 2014, 01:47:18 PM
Ok, I have been following Btc since around xmas when it was big news and the price shot up.  I haven't invested in it as the price keeps falling and have only brought enough to buy a few bits and pieces.

Now if you look at any of the price graphs you will see that it goes from nothing to silly money for no apparent reason, and then seems to have been in gradual decline since then.  Every time it does go up, it never goes above the previous low.  It has dipped below $300 recently and I would say will be heading towards $200 in another month.  Was the high point just a blip?

All this is despite all the publicity it has had since xmas and all the work that is currently going on in the community.  As no one is mining anymore, does it matter if Expedia or Overstock accept Btc?  Unless you are paid in Btc, you would still have to pay a % to acquire it.

My question to you is, what is your exit strategy?  If you invested in the last nine months, can you afford to sell up?  Are people still investing despite the downward trend?

I will sell t at least half of value i did buy them.
172  Economy / Service Discussion / Re: Dump my BTC on c-cex.com on: October 15, 2014, 01:45:42 PM
as you know,my english is poor,When i saw the button  "dump" behind my BTC balance, i clicked it ignorantly ,then i lost all my BTC.
Although only  few ,but i think I was bullied? Sad


You really made me LOL. what did you think. That Pump is over so you want to Dump it?


I hope you will earn them back fast!
173  Economy / Service Discussion / Re: mintpal keeping my btc? on: October 15, 2014, 01:43:56 PM
There was lots fo talk in last few weeks already. i dont understand why you did not withdrew your money out before.
174  Economy / Services / Re: ★☆★Bitin.io » Instant Cryptocoin Exchange » Campaign, Sig & Personal Msg ★☆★ on: October 15, 2014, 01:30:32 PM
I became member
I wonder if I will receive next payments as a member.
thanks for attention

updated my activity status, now I am member Smiley

i think my rank was up for now from jr. member to member

Wow lots of new Members. Congrats all


And guess what i also become Member Smiley

Congrats to me to.
175  Bitcoin / Bitcoin Discussion / Re: How soon will schoolbooks include Bitcoin :)? on: October 15, 2014, 01:26:33 PM
How soon will schoolbooks include Bitcoin Smiley?

and explain our kids about traditional 'money creation' (out of thin air) by the FED, etc ...

depends which you have in mind, on collages i am sure they talk of it this year. for sure will in year that start in 2015. For primary school might take even decade.
176  Bitcoin / Bitcoin Discussion / Re: DORIAN NAKAMOTO LAUNCHES LEGAL DEFENSE FUND AT WWW.NEWSWEEKLIED.COM on: October 14, 2014, 04:38:45 PM
Dorian does not want bitcoins.

He wants lunch.
Is Dorian the japanese guy that supossedly was Satoshi Nakamoto but wasn't? What is OP trying to do, profit on a rumor?

Why dont you read all posts in this thread and see the story?
177  Economy / Service Discussion / Re: Bitstamp does not let me withdraw on: October 13, 2014, 02:06:24 PM
I dont understand why you thought we can help you here. Bitstamp is huge business. They should solve your problem in few minutes.
178  Other / Archival / Re: delete on: October 13, 2014, 01:58:30 PM
Dont be silly no locking. It is a time wrap attack it will happen in 22th century. This forum will be long forgotten what attack will finally happen.
179  Other / Off-topic / Re: Send your name to MARS from NASA on: October 13, 2014, 11:37:13 AM
More names will fly on Mars then is Bitcoin users. 
180  Other / Off-topic / Re: What would u do if u become ruler of the world? on: October 13, 2014, 11:33:22 AM
have u ever thought What would u do if u become ruler of the world?

i am having no idea what would have i done?
what about u?

I would declare WW3 to be ended before start!
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