Well, this thread is already around since October, but I think even back then things were starting to look quite dire. Wouldn't even thought back then to see $10k coins in 2015, and things aren't looking better now, either...
Look at global economy, which one is in worst shape? That or bitcoin? Then decide in which one to invest, i`m sure you will make the right decision. Well yeah, it certainly isn't looking great. In the US, but also in Europe with Greece and so on. But I don't really buy the claims that the whole world economy is on the brink of going bankrupt or states failing completely. Do you really think this is very probable? If the US falls, all of their influence zone countries will fall. And even the BRICS will be hurt, but no to that great extent. That means the EU can easily be dissolved, as "normal" countries in the EU wont tolerate the EUR money printing scheme just to save the southern suckers (Spain,Italy,Greece, Cyprus, Portugal...). It's much easier to just leave the EU and leave those countries to restructure themselves, no need to drag everyone into the pit. My country has a pretty decent monetary policy, but i see here that the IMF is trying to put more debt on us, in the last 4 years our external debt grew 500%, so those bankster basterds want to destroy everything. My guess is that we shall wait until December and see what will happen with Greece, the world's eyes are now on Greece, this small country can really decide the global economy now. |
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I dont think it will drop below it soon, but in the next 1-2 years it could happen, so my feeling is medium term.  |
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I pay 6-7% comission on everything I buy, that is 3-4% to Mastercard, 2% to the bank and another 1% sometimes the merchant to validate the transaction, so sometimes it can be even 10% (+ 25% VAT of course as the government likes to steal too).
1) You, as the cardholder, pay Mastercard a commission when you make a purchase? 2) Is that normal in your country? 3) In North America, I haven't heard of a credit card that charges the cardholder unless they have a running balance - but that is an interest charge rather than a commission. The vendor pays the commission here. 1) Yes, they are thieves, I also had a Visa Card a few years ago, and it was the same, so its the same there too 2) I guess so, nobody complained so far, I must be pretty enlightened to realize what a global scam this is? 3) I`m using debit card not credit card (not really buying into the global credit ponzi scheme), but whatever, its still a fucking ripoff. Not to mention 25% VAT from the government, I love those thieves too. |
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How can you suppose to know what kind of things that you needed in a future if you didnt get your degree? And how you do that all things without any basic. Im sure if you go all like that you must be scammed by many people out there and there is no going back after you step outside. It depends on how are you going to do with this all stuffs, somebody let all their earning in bitcoin to try luck in it and have a bright future but some dont, so it doesnt mean that you have spare you will succeed it all depends on your hardwork too
The degree is useless anyway, i work in a totally different field than my degree, so its really toilet paper for me. No i`m usually very ambitious, well 17 years of jail in a government indoctrination camp called "public education" takes alot of persistance to go through, as its so horrible and boring that otherwise no sane person would go through it. Too bad it was a scam. So miniscams dont really affect me, we`ve all been victims of the big scam already. |
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Why dont you post a picture of you fabiola , holding on your hands (Bitcointalk.org) paper, to prove that you are a woman.
I`d like to see some bitcoin user woman that creates a thread with 68000 views.
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I don't believe privatization and selling off the islands would be a good choice, maybe leasing them out would be better to the Tourist trade but that's about it. We will see in June what happens when liquidity will run out. Varoufakis insisted there is no plan B although Soimble says otherwise..I am curious to see how it pans out and watching closely.
Why not, sell every single terrirory, and privatize it. The age of governments is over, time to embrace real capitalism. Privatize everything! |
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It is really fascinating that you keep repeating the same nonsense again and again. I can explain to you why CBs stick to gold. You may think them idiots (as in fact you do), but they are not. They are not idiots, and they know that other central bankers are no idiots either. They also know that in case of some disaster, be it a war or some natural devastation, no one in the world would give a fuck about their fiat money, but everyone will take gold as payment. It has been so through the whole history of mankind, and, I'm afraid, nothing has changed since then...
If nobody in the retail sector accepts gold, and its only tossed around from 1 CB to another, then it is a ponzi scheme, on your tax payer money. Some people use gold every day, but its getting out of trend, as more , high tech payment systems come along. Wake up bro, the middle ages are over. If there would be a global riot or civil war, then I can imagine gold being reused in bartering, but until the Internet is intact, gold will go down the toilet.
That is just a fact, people evolve, and high tech payment system will be the future, not stone-age money  |
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this if we suppose that there is no limit for gold too, which i find a little naive to think about, the difference is that gold mining does not make it more secure like for bitcoin, but only more centralized
In the future we might have particle generators (yes alchemy can be done with high tech). There have been already attepts to collide Hidrogen atoms into Mercury and they made Gold, the problem is that to create a few particles of gold you need to invest millions of $, which is obviously not profitable. But dont give up hope, as the technology will get better, later on we could create gold from other particles at home, and at that point, gold's price will really go down. So there is no limit for gold.But there is limit for bitcoin, because its a mathematical equation, and if the computing power will get too big, then we can always find better encryption algorithms with bigger key sizes, so bitcoin will always remain finite (or any other descendant of it in the far future). |
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You obviously don't shop online, since that guy is spreading blatant disinformation (mildly speaking). I buy things online a few times a month, so I know what I'm talking about. My last online purchase was just two hours ago, and I paid with my bank card (MasterCard Platinum, which is free if I keep a deposit of around 1,000$ in the bank). The payment was literally instant (as always), I didn't have to wait at all (and this is the same for Visas and MasterCards which I have). I paid 0% commission, and I will even get 1% cash-back, which I am paid every month for my purchases by the bank. Regarding stealing money from a bank card, this is hardly possible since I set daily limits, and every transaction online should be confirmed by a code sent to my phone by my bank. By the way, wire transfer is also free of charge for me (but this depends on a bank, of course)...
Just don't believe every word that you hear here
I think i talked with you about this , are you that russian guy who has small comissions? Well good luck for you bro that you live in the haven of BRICS, here in Europe we have thief banks controlled by the globalists that want to steal every penny from us. I pay 6-7% comission on everything I buy, that is 3-4% to Mastercard, 2% to the bank and another 1% sometimes the merchant to validate the transaction, so sometimes it can be even 10% (+ 25% VAT of course as the government likes to steal too). Also the transaction can be instant, but it takes 3-4 days to clear from the account, that means that i cant buy from the same place again until the order hasnt cleared. So if i want to buy lets say 1 flower online, and then i change my mind and want to buy another 1, i have to wait 3-4 days until i can buy again, Yes thanks to those globalists that want to steal from all of us, so shut up dude, you are lucky that you dont live in this horrible place and that you have a country that cares about you, because where I live, they only steal from you  |
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Right now, Crypto is the better choice to invest in. Just like gold, cryptocurrencies have a "production cost", in this case, the cost of mining. Once a coin goes under that price level, miners will jump ship and the price will go up as downward price pressure from mining disappears. Gold works the same way, if the price of Gold would fall below the cost of mining, production would slow down and Gold would become more rare. In this sense, fundamentals for Gold and Crypto are very much the same.
Yes but in bitcoin the miners dont affect the inflation, whereeas in gold they do. Suppose some alien spaceship technology can extract 1000 tons of gold from below the earths crust, every single day, now that will push the gold price really low. Except for bitcoin, there are only 25 bitcoin mined / 10 minutes, and weather more miners come or go, or the difficulty changes, it wont affect this. So technically speeking the more miners are here the better for bitcoin, becase they dont inflate the netwrok, but they secure it, and less chance for a 51% attack. |
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Compound interest is the magic. Here is well explained what compound interest can accomplish for you: http://www.daveramsey.com/blog/how-teens-can-become-millionaires/The thing is that people tend to live on today never worrying about future. One could easily retire at age of 50 with a million bucks but nobody wants to do this. Of course they are, especially in the euro zone let's see how much you can earn. Starting from 2.000€ with current interest rate of 0.15% starting from now: year sum yearly interest rate 2015 2000 € 0.15% 2016 2003 € 0.05% 2017 2004.0015 € 0.01% 2018 2004.2019 € -0.05% 2019 2003.199799 € -0.1% 2020 2001.196599 € -0.5% 2021 1991.190616 € -1% 2022 1971.27871 € -2% 2023 1931.853136 € -5% 2024 1835.260479 € -10% 2025 1651.734431 € -15% 2026 1403.974267 € .... Wow bro I`ve really became rich by compounding my 2000€ in a Eurozone Bank, not to mention that by then the inflation would probably be around 300% so yeah, my -600€ net profit really beated inflation. Keep the good work up and spread this information, its really wise  It is just wasting time there and your money can't even be withdrawn and that is for 10 years. Imagine that if you convert your money into bitcoins now and how much will you get after 10 years and you still can withdraw your bitcoin anywhere and at anytime Yes but -15% interest rate is my favorite, especially if you mix it with a 400% inflation rate that is caused by overprinting of fiat toilet paper. I think the EU zone will end up like Zimbabwe. |
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Most of the people are short sighted, the reason they accept internet is because they can get many ways of entertainment from it
But accepting bitcoin does not bring them any fun, and no extra income either, the only benefit they might get is from long term appreciation, which is only a concern for those who want to diversify their investment portfolio
This brings a chicken and egg problem: If average people does not benefit from bitcoin, thus have no motivation to acquire some, how could bitcoin become an attractive investment?
If they understand that fiat money is a scam, then they might consider other alternatives like gold or bitcoin. But in reality, the transition from gold based money creation to debt based money creation did not cause any chaos, it showed that almost no one cares about how fiat money is created, they only care about if price level is stable
Similarly, most of the people only cares if bitcoin can make them some quick fiat profit. There is no easy way to raise people's awareness above this threshold, unless something big like Cyprus hair-cut happens again
You are out of line again. How can anybody not benefit from bitcoin? Have you ever shopped online? -An average online card based shopping has a 4-8% comission on it by start, with bitcoin its about 2-3 cents (0.0001-0.0002 BTC) -An average online card based shopping takes 2-4 days, bitcoin takes 10 minutes -Wire transfer shopping is even worse, up to 5% comission +25€, so if you want to buy a 0.5€ pencil online, you pay like 30€ for it.-Card based shopping is full with frauds, and if you have like 2000€ on your bank account, the thief can easily rob it, and then it will take you 6-12 months of police and other legal procedures to recover the money (if it can be recovered). -With bitcoin you can just put 0.5 BTC on your "shopping address" and keep your other 100 BTC on a safe cold storage wallet, so even if somebody steals your wallet he gets away with less (more diversification & risk control with bitcoin)-Bitcoin is available for minors too, in some countries 16 year old is already eligible for work, yet he cannot have his own bank account without parent agreement which is nonsense. If a 16 year old guy works online to get some extra cash in bitcoin, and he spends it wherever he wants, thats his money and the government should not restrict that at all. -Banks are not the safest place to store money (see Cyprus govenrment confiscation, Pension looting and other governmental thefts that occur nowadays), your bitcoins on the otherhands are invulnerable to government theft. -Bitcoin doesnt have global restrictions, open to P2P trading, I can sell p2p anything, otherwise if i would have bought it from a central store you need to pay VAT tax on it, p2p trading is not taxed, yet, and it's more efficient. -Bitcoin doesn't discriminate racially or politically or religiously between users (see EU and USA embargoes on "enemy" countries) -Bitcoin is free market trading, its monetary freedom, and capped supply, while fiat money is an inflated toilet paper money. and many more... An average guy can easily understand this, dont need a 160 IQ to understand that the governmental-monetary system is highly flawed. |
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yea same here, i`m totally broke for today. it was a shitty day,
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CBs holding reserves do not care whether retail likes gold. They need to deal with prospects of geopolitical instability, which includes all the tail risk scenarios discounted to zero by the investment community. Under conditions of declining international tensions, CBs were net sellers. Under conditions of rising geopolitical risk, they will be net buyers.
Yes but without the retail supporting them, its just a ponzi scheme between central banks. If there is no consumer or any other end-user demand except central banks, then its only an armed grenade that they pass between eachother hands hoping to blow off on the enemy's hand. Not to mention how stupid it can be to buy an instrument that has not backing at all. And in this scenario gold is also fiat money Weather you like it or not but Bitcoin has much more appeal: trendy futuristik 1 click & pay curreny with no capital controls and no barriers, globally available. (more merchants accept bitcoin than gold)Gold: ancient age, obsolete and heavy coin that is hardly divisible, easy to steal and not that "trendy" in the young minds, except for jewelry but nor as a currency. (i bet you wont find any restaurant that accepts gold coins as payment, whereas you will for bitcoin) Now choose which one has more potential in the future?  |
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So why do central banks of the most developed countries continue to keep their huge stashes of gold if they don't give a shit? The US gold reserves make about 4% of all gold in the world including jewelery... How come really?
Well goverments are not exactly the most efficient keepers of wealth. Even 90% of your taxes get wasted in corruption or bureocracy and 10% goes back into welfare and subsidy. And even if you say that in central banks only professionals work, doesnt matter, they might have risk management teams who tell them when to buy/sell things to ease the balance sheet. How do I know whats the plan of the CB with the gold. They might hold it or they might buy more. But still the average people wont be interested in it, and sooner of later the CB will realize that too, and then they will drop it. |
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Falling sharply, wtf? Are you serious? Did you notice that the Y axis in your charts didn't start at 0? We see that the US gold reserves fell in 2002 from about 8150 to 8135 tonnes, which makes ridiculous 0.18%? Let's look at Germany. The chart looks convincing unless we calculate that its gold reserves fell only 1.77% in 10 years. The same is true for other charts as well. Whom are you really going to convince by these numbers?
And where are Italy and France here (3d and 4th top gold holders)?
Yes but not exactly "hoarding" aswell, its a downtrend or flat, not a 45 degree uptrend, so looks like they dont give a fuck about gold. France and italy same thing: How is it a downtrend? We see that the top gold holders in the developed world keep their gold position unchanged at least for the last 5 years. The US' gold position didn't change significantly at all for the last 15 years. Why do they keep their gold if they don't give a fuck about it? Don't forget that just keeping gold takes a huge amount of money in expenses and costs... Ah c`mon stop with those excuses, no matter what proof i show you you always try to make excuses. Just realize it, gold is over, in the long term. The fact that it could increase 200% or whatever doesnt proove anything. People are generally not interested in gold anymore. And gold speculation / investment is not equal to gold being restored as a main form of currency. I have 2 gold rings and 2 gold necklaces, but only as a decoration, i would not use gold coins for trading. It;s not like tomorrow you will go into your supermarket and buy food with gold coins. Especially not now as the world citizenry is disarmed, you would not hold alot of wealth on you.
People are more confortable than that, and electronic payments, card payments (bitcoin debit card?) and wire transfers are the future.
So bitcoin has a much shinyer future than gold. The middle ages are over my friend, welcome to the 21st century |
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10 -15 million ti invest it bitcoin? you dont know how much much the price for bitcoin in the next few years and still you invest it like alot of them. It just wasting you money. If I were you, I sure make a useful things with that money and no need to spend it like this. Nope the millionaires didnt do the same as you did. They will plant everthing very cautious
Satoshi didnt sold his bitcoin, and i`m sure he is a multi millionaire, if not almost billionaire. So i`m sure most millionaires do the same. C`mon i`ve seen videos on youtube, miners bought ferraris. Of course they spent their fortune, but i`m also sure they kept a few ten-thousand bitcoins just in case it will go much higher, besides they are comitted to bitcoin. Otherwise, diversification is the best, i would have invested that money in other things too not just bitcoin, in case bitcoin collapses (very unlikely) What good does it do to you when you're a millionaire on paper? If you have millions in Bitcoin but never cash out you're really as poor as the rest of them. Only real things make you rich not money on your account. You dont understand me, i`m totally for buying things, but only with half of the money or quarter of it. Because things can be stolen and can be broken, so some numbers in an account are sometimes better and more robust. |
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I don't mean to "defame" you. It's just that the faucet referral game has become a highly competitive one. And you say very very high amounts for faucets. I have never found them to be worth while. But if I could get .1 a week I would change my mind on that. That is why I'm interested
I just expected to see a btc address with many small deposits from the faucets. I did not see that. Again I could be wrong and instead of many sites paying and lots of transactions, your address with 16 dollar transactions might be a combined referral. I don't know.
I just don't see it, but I could be missing something obvious.
The sites that I use (not just those on the list) have withdrawal limits usually up to 0.001-0.0005 BTC, Plus most of the faucets pay to: FaucetBox, Paytoshi, Microwallet, Epay and other microwallets, and not directly to the address. You wont see many faucets that pay directly to the address itself, but rather to Faucetbox and others... So factor that in aswell. |
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Falling sharply, wtf? Are you serious? Did you notice that the Y axis in your charts didn't start at 0? We see that the US gold reserves fell in 2002 from about 8150 to 8135 tonnes, which makes ridiculous 0.18%? Let's look at Germany. The chart looks convincing unless we calculate that its gold reserves fell only 1.77% in 10 years. The same is true for other charts as well. Whom are you really going to convince by these numbers?
And where are Italy and France here (3d and 4th top gold holders)?
Yes but not exactly "hoarding" aswell, its a downtrend or flat, not a 45 degree uptrend, so looks like they dont give a fuck about gold. France and italy same thing:   This data is from: http://www.tradingeconomics.com/One of the most reliable economic statistics website that is out there. |
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To be honest.. I doubt anyone would buy it. They can use GIMP and easily create this .gif.
If they have artistic skills, i`m offering here my artistic skills for service, i can also create different banners on order, so if anybody needs any animated banner, just hire me |
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