This is great news for bitcoin as it means more reason for people to possibly want to get to know what bitcoin is however could working in the real world and bitcoin work right now? Bitcoin is still new in terms of a currency and there is still much that needs to be done to help make it more safer. Who knows maybe it could work and it could become popular.
I don't think the good new is so much that more people will be exposed to bitcoin (although this is true and is good news) but the really good news about this is the fact that business are spending their bitcoin instead of selling the bitcoin they received from sales. This will ultimately grow the bitcoin related economy. |
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Once, I started with Cex.io's business but I get out as fast as I could and start changing my investing in BTCJam. Now, some people tell me that put the BTC in loans is very dangerous because the price.
And I was like...
What then, is the best way to invest Bitcoin, given the amount of start-ups and business that are right now? Which one is the best according to you?
Bitfinex is fine as long as you want to change the BTC for USD, as interest rates for BTC are very low. Interest rates for both BTC and USD are both very low, however the risk is generally very low as well. They are not insured/backed by any insurance company, government agency or anything else that would making lending money on there risk free, but they have shown that they are able to manage their overall risk and have shown the ability and willingness to increase margin requirements when appropriate. Interest rates for USD are still quite decent, about 14% per year, which is quite more, and with much less volatility, than what you can expect to get from the stock market in the long run. There is no guarantee that these rates will continue. I also would speculate that it has something to do with the recent crash that was likely margin related in that people are now having to pay more interest to fund their leveraged trades. |
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MtGox offered much higher exchange rate than the average market price before going bankruptcy. There are some issues there. They are happy for your deposit,but always find excuses for your withdrawal request. They are manipulating the price. They are dead. I think the value of BTC in a reliable and secure exchange won't depart much from the average market value.
The rate on Mtgox is a lot lower than market price before closing the door and going bankrupt. It was higher when customer can still withdraw bitcoin but not able to withdraw fiat. Customers were able to withdraw fiat, it just took a long time. When it took longer then expected to withdraw their money from gox people would panic buy the bitcoin back and withdraw their bitcoin onto another exchange that could deliver fiat more quickly. The price of bitcoin crashed on gox when customers were unable to withdraw their bitcoin because they thought holding fiat would be safer then holding bitcoin at an exchange with no bitcoin. |
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You are free to leave that job. But you aren't free of, for example, paying taxes to the government.
leave and go where? no employer gives paid breaks or extra money for weekends any more because they dont have to. the free market competition capital;ist supporter love so much allows big business to import third world labour that will accept whatever pay and conditions are on offer which means we must accept them also if we wish to eat and have a place to live. complain, go on strike, riot , its no matter to the powers that be, they will just replace us. workers have no power in capitalist system. 50 years ago a married couple with 2 kids could get along fine with just the man working a normal blue collar job and the wife staying at home. they owned their home had 1 vacation a year and had a car if they were american. now both must work and probably renting and in debt. Assuming you are in the US, there are numerous restrictions on the legal hiring of foreign workers. In fact, these restrictions are fairly stringent and impose a significant burden on employers. If you are talking about illegal immigrants, then if you work at a workplace where these are hired, you are free to report your employer to the authorities, as they are breaking the law by hiring illegals. As for the point about both parents having to work... that is an inevitable result of women joining the workforce. Houses cost as much as people are willing to pay for them. If a family has more income, they'll compete with other families to buy the nicest house in the best location. Two incomes means more money to spend on that house. The transition from single income to dual income families is what has fueled the meteoric growth in housing prices over the last several decades. The cap on visas is a way the US keeps foreign workers out. All this talk about free trade is a farce. In a true globalized economy, there should be unrestricted movement of labour as well as capital. Countries have always restricted the movement of labor and will continue to do so. This is how countries can protect themselves from a defacto invasion |
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USD and EUR = FUBAR in 2050
This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then. I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment. If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism. During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time. |
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First, there's nothing wrong with being rich. Sure, a lot of wealthy people are born into wealth, but that usually speaks to the successes of their ancestors.
Second, not all rich people are necrssarily bad or selfish, even billionaires. A lot of people don't understand that many wealthy people (e.g. CEO's) spent years and years working ridiculously long hours, sacrificing personal relationships and leisure activities to spur their careers. Most of the time, profits are reinvested back into the pursuit of career growth and development, whether that means additional schooling or perhaps helping a business to grow. If a surgeon can save lives that no one else can, he deserves the ~$300k/yr. he gets. If a CEO creates a business that provides jobs to hundreds of people so they can provide for themselves and their families, he deserves to keep millions.
A lot of people who complain about the rich could very well pursue employment in high-paying fields. If you enter into a low-paying field (like I did while pursuing employment in the social services industry) then you should know what you're getting yourself into. If you want more money, get out your thinking cap and come up with a plan to make it happen.
I agree that successful people deserve to be rich. But the problem is inequality gap gets too big then entire economy suffers because the 1% cant do all the consumption. You want a big middle class to do most of the consumption Since the rich make most of their money from investments, when the gap gets to be too large, profits will suffer, and investments will follow, and as a result the gap will decrease. |
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"Capitalism" means the society value capital and not labor. Hence, people who know how to manage money get ahead of the games. it's just about how to think out off the box to manage the money you hace, not about work work and work  We do not have a capitalism based economy, we have an economy that is based on credit. Creditism is overlaid on top of capitalism and distorts the allocation of resources within the economy. Credit money is being pumped into non productive assets such as property, which worsens wealth inequality and greatly reduces the productive capacity of the economy because very little money is being put into productive manufacturing type activities. Credit and capitalism go hand in hand. Providing credit is simply investing your money in a loan that the borrower will use to hopefully make some level of profit, or increase their standard of living (when it comes to buying property). |
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I think in future there will be some kind of price control alliance like OPEC in bitcoin world
Those large mining farms and miner producer, they combined together command over 90% of the hash power of the network, thus they could easily make an agreement of never sell below certain price to support the exchange rate, just like OPEC countries control the oil price. This is very important for their business, since if the price going all the way down, their business will be hit hardest
With OPEC and oil, the world generally will consume 90%+ of the oil produced every day. As a result there is very little excess capacity in the oil market. Bitcoin on the other hand is impossible to "consume" you either hold it or you spend it. When you spend it someone else can do the same. |
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Personally, if I have the option of paying with either LTC or BTC, I spend LTC. Psychologically, it feels as though I'm parting with something less valuable an that is easier to recoup. I'll also usually spend fiat before either BTC or LTC for the reasons. So, I would say "yes" to answer the OP's question, but to what degree I don't know. It seems that businesses like Overstock are seeing consistent purchases made with BTC.
I would disagree with your rational behind this. If you are given the choice between spending LTC and BTC you should pick the one that gives you the better rate. It is very easy to convert BTC to LTC (or LTC to BTC) on almost any exchange. If you can get a better deal paying in bitcoin then you should spend your bitcoin and if applicable sell your LTC to buy the BTC you just spent. I think given a choice, people will spend the currency that gives them the best deal. If the price is the same across two currencies then they will spend what is easiest to acquire. |
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It's been the case for a while that stimulus is the only thing propping up the markets. It's not a secret. The question is how long it can continue like this before the inevitable crash happens.
Hold onto your butts.
There will never be a market crash, a crash only happens when there is no money. Now there are too much money in banks (Most of the QE money went into commercial bank's pocket in exchange of their MBS), they could easily support the stock market price Then the crash of fiat money itself is even less possible. In principle, FED printed 4x money since 2008, then the price of everything should rise 4x, there will be hyperinflation, then everyone will dump their fiat money and the fiat money will worth nothing over night. However, most of those money went into bank's pocket and they don't spend a dime, they save them back to FED and receive an interest to spend, thus made the real amount of money in circulation almost non-change, that's also the reason the economy never fully recovered So, banks have all the money they need to push up the price of anything they want, but they will carefully select some product first so that average Joe can not benefit from it (If everyone get easy money, there will be uncontrollable inflation thus threaten the life of their fiat money) This is not entirely correct. Look at M2 right before 2008 crash. You are confusing reserves w 'pockets' The 2008 crash was because there was a huge credit expansion then sudden contraction that was set off by bust of housing bubble. You are correct that QE used was to address this situation I think the 2008 crash was more due to the massive amount of uncertainty in the market. No one knew which banks were going to be able to survive because no one knew what kinds of assets they were holding, as a result they had difficultly borrowing to meet their short term cash needs, as a result they were unwilling to lend. |
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it's simple, more people using it, mean more people buy it, which mean better price
It is not that simple. More people using more bitcoins means that more people spend more bitcoins (which were previously stashed away). The net effect on the Bitcoin price remains to be seen...  the point is that more people using it mean more volume mean a better value As I said before, it is not given. And the dynamics of the Bitcoin exchange rate as of recent confirms that. So all expectations that the wider acceptance would unconditionally bring about the higher value may ultimately turn out a bit exaggerated (let alone hopes for a million dollars per coin)... Wider acceptance would not have an immediate effect, but is expected to result in a price increase in the long term. Of course, no rational person would expect it to go to a million dollars. We need to fix these god damn pesky ATM machines first. BTC should be cooler to use, none of that ID scan bullshit man. The fact that you need to scan your ID at a BTC ATM is due to the fact that there are AML rules in place that need to be followed by ATM operators, as they are likely a MSB. I think that how "cool" something is will have little to do with overall acceptance but rather the ease of use and the economics of using bitcoin will influence people much more. |
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to be some control; toxic waste disposals, protected species, etc. I know what you mean but the problem of such way of thinking is that the "etc." part always expand and never shrink, except with a revolution. So my response is : If you care about protected species, pay for their protection with your pocket and not mine by force. That introduces the concept of "tragedy of the commons". If there were no regulations on the fish stock then laissez faire economics will lead to overfishing. Then nobody can eat tuna sushi anymore You don't solve a tragedy of the commons by creating a government which is an even larger tragedy of the commons. Fish stocks survived for years without quotas. Government gets involved, fishing stocks are raped to death. (see Canadian fish stocks). It is not actually quotas, it is limits to amounts of fish that can be fished that prevents them from being extinct. The issue is not the companies that fish for profit it is the fish themselves that could cease to exist because of overfishing. |
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after 6 pages we didn't find any good method for multiply our btc with low risk...  Are you surprised that you cannot double your money without taking on very much risk? Your expected return on an investment will always reflect the risk you are taking. Period. |
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If you have 2-factor set up and aern't lax with the security of your wallet.dat file you should be fine. The only people who ever lose funds in these hacks are when they haven't got 2-factor set up.
Nope. I have seen multiple posts here in bitcointalk, from people who had their coins stolen from blockchain.info despite enabling the 2-factor set up. If the hacker somehow succeeds in installing a keylogger or other spyware, then even the 2-factor authorization will be of very little use. Also, a lot of hacks are also occurring as a result of phishing links. This is likely because the hacker would somehow gain access to a backup of the encrypted wallet file. AFAIK 2FA on blockchain.info is only specific to the identifier (username) of the wallet, if someone were to import a backup to another identifier then 2FA would not be required to spend the bitcoin. |
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Whats the current currency of Argentina?
Argentinian peso, which has gigantic inflation.  That is crazy. I think this level of inflation will likely give the people of argentina incentives to use bitcoin more then they do not, however the Argentina government will likely not adopt bitcoin as an official currency as it would mean they would lose control over the currency base. |
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I know this will somewhat lower your potential market, however you could offer to your buyers in person to exchange the bitcoin for your products. Dealing with people face to face will generally make people feel safer.
If this is not an option then you could use an escrow site like btcrow however this is not perfect as there is a chance the buyer can file a fraudulent dispute and either have the funds returned to him or the funds being withheld from both parties and donated to wikileaks.
The third and best option would be to simply be reputable. However this is much easier said then done.
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I think it would still be easy to make it look like a bunch of $95 donations for example were coming from multiple people but instead were coming from one person (and the person running for office knew this, or would later be made aware of this after he won the election). |
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I'm going with that being a mistake but either way it is awesome and gave be a good laugh. I wonder if it was not a mistake and ft not it has been successful and definitely has done it's job to draw attention I'd say. How about that scale though, huh? Looks like something that is directed to someone who might distribute on the Silk Road if you ask me.
Well its good that they are accepting bitcoin though, cause it can save you from getting robbed at gun point as what has happened in the past. In theory you can still be robbed at gunpoint even if you have only bitcoin. Granted most people who resorting to attempting this crime are generally not educated enough to be able to know how bitcoin works or how to profit from this. |
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only 24 years old! impressive!
I hate when people are both younger than me and also more successful... but I can't hate anyone involved in working with Bitcoin, a technology that will without any doubt make this world a better and more peaceful place for humans to coexist. This is no one's fault but your own. You obviously cannot get any younger, but you can innovate and come up with good ideas. You should then execute these good ideas to make money. |
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Buy low, sell high. You will always win.
This is much easier said then done. There is always the possibility that a price is high but would continue to rise, or that the price is low but will continue to fall. If it was possible to know when the price is low or high then the price would never become low or high because people would trade ahead of these price levels which would make the price essentially stay almost exactly the same. |
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