In order for the same to happen for people using faucets today, Bitcoin would need to replace approximately 1/5 of all the fiat in the world.
Good thing bitcoin is more than a fiat replacement. We have something better than banks and governments. We have a community of people who are working together to see bitcoin succeed. |
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I have to agree with OP. I dislike faucets, they don't help the bitcoin ecosystem at all. They're just a haven for ads and captchas so the website owner can try to make a few bucks on advertising. "click this button once every hour and you might make 10 cents if you do it every hour, 24 hours a day for few weeks". What a joke.
Beginners will happily do that. Who would risk money into something that isn't guaranteed by anyone and with a entirely new concept? And may I ask why it doesn't help the bitcoin ecosystem? IMO it attracts more people into the bitcoin system, and it rewards the faucet owners. As a side note, it also directly benefits the miners, by offering more transactions and fees, which leads to stronger incentives to mine. Exactly, faucets are a part of the bitcoin ecosystem. I doubt anyone would join if we take this facility away. And that results in bitcoin prices dropping, and miners dumping their coins. Respectfully, I disagree. The price would not be affected at all if faucets went away. I got started by buying $20 worth and playing with it, not a very risky investment. However, in favor of your argument, I can see how faucets can attract more people to the bitcoin ecosystem. No one has ever heard of playing a game and getting free money in return until bitcoin faucets came around... So I retract my statement that they offer nothing, but they don't offer much IMO. If you want to relate it to games... trials have been around since software was first invented, and long before things like Bitcoin were ever thought of. Shareware is another form. This is almost exactly what faucets offer, though there is a tangible benefit (in that you can use the funds to purchase something). Trials are open to a select few, faucets are open to everyone. What I was referring to was the faucet games, where you earn tiny amounts of bitcoin for playing. |
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I have some extra fiat... buy now or wait for a dump?
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I have to agree with OP. I dislike faucets, they don't help the bitcoin ecosystem at all. They're just a haven for ads and captchas so the website owner can try to make a few bucks on advertising. "click this button once every hour and you might make 10 cents if you do it every hour, 24 hours a day for few weeks". What a joke.
Beginners will happily do that. Who would risk money into something that isn't guaranteed by anyone and with a entirely new concept? And may I ask why it doesn't help the bitcoin ecosystem? IMO it attracts more people into the bitcoin system, and it rewards the faucet owners. As a side note, it also directly benefits the miners, by offering more transactions and fees, which leads to stronger incentives to mine. Exactly, faucets are a part of the bitcoin ecosystem. I doubt anyone would join if we take this facility away. And that results in bitcoin prices dropping, and miners dumping their coins. Respectfully, I disagree. The price would not be affected at all if faucets went away. I got started by buying $20 worth and playing with it, not a very risky investment. However, in favor of your argument, I can see how faucets can attract more people to the bitcoin ecosystem. No one has ever heard of playing a game and getting free money in return until bitcoin faucets came around... So I retract my statement that they offer nothing, but they don't offer much IMO. |
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I have to agree with OP. I dislike faucets, they don't help the bitcoin ecosystem at all. They're just a haven for ads and captchas so the website owner can try to make a few bucks on advertising. "click this button once every hour and you might make 10 cents if you do it every hour, 24 hours a day for few weeks". What a joke.
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Bitcoin is only an experiment, please don't invest more than you can afford to lose.
The thing is if people understood this and actually listened to it instead of greed then they would be much more happy and less focused on price, also there would be a lot less angry people trolling around because they would not have lost more than they could afford to lose. That is a reminder some needed nice one OP I think reminders work. In this case, I believe that reminding people that bitcoin is just an experiment, can help them make better decisions. I think you a pretty shit concern troll.. And the first over-invested comes out  |
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I guess we're gonna be in uptrend, look at the chart here on this page. it is a perfect head and shoulders, this is going to the core, what do you guys think?
It's not a head and shoulders yet. Neckline is not complete. If it does complete, it means trend reversal and I'm going to dump myself. It kind of looks like batman's retarded brother H & S. The only head and shoulders I see is the big upside down H&S on the 2 hr chart. Bullish  |
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32,000$ by mid 2017? yes - 117 (49.2%) no - 91 (38.2%) idk - 30 (12.6%) We are optimist haha At that rate BTC will be on parity with Berkshire Hathaway in no time! |
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i'm interesed.
how much bitcoin your incoming in per month in mining?
Am not 100% but i think this could be moved to speculation or mining, sure a mod will drop by if that is the case. To answer your question though i would 'guess' it will be around 230-240 and i will be buying again. Hope that helps a little not totally sure what you are asking  Yea I think he's asking how much people make per month mining bitcoin. Probably should be moved to mining sub-forum. In short, it varies greatly. Depending on your gear or lack of gear, you can earn more with a signature campaign  |
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At least equivalent to $1 million USD, currently about 3,700 BTC. You could set up a nice wall with $1 million, but now even walls of that size can get eaten up pretty quick during a strong run. Five figures of coins, would be pretty solid and have the ability to manipulate the market a bit.
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 I think we know what's coming next. Well that proves it! Selling the house and dog, going all in BTC, so I can re-buy a nicer house and dog. |
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essentially a metal paper wallet? They look rad atleast.
Agreed, it looks cool, but does not seem practical. More of a novelty item. |
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Finex broke 280, that was quick!
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Can someone be my eyes on this tweet? Behind work firewall, can't access the twitter. Auction bids 30% above market. Use web proxy like I do.  Thanks, most proxies are blocked too... freaking Baracuda! |
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Can someone be my eyes on this tweet? Behind work firewall, can't access the twitter. |
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Just like when buying a stock on the stock market, when trading bitcoin the charts will list the bid price(buyer) and the ask price(seller). Red numbers represent a sell; a seller met the buyers price. Green numbers represent a buy; the buyer met the sellers price. If you get confused or lost google your question but replace "bitcoin" with "forex" and that usually produces an answer How do I read a bitcoin chart vs How do I read a forex chart http://www.fxcm.com/forex-basics/how-to-read-a-chart/ |
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He also told me that why should I use bitcoins if there were already credit and debit cards available?
I guess your friend has never signed up for a "free trial" before? Man gotta love those, FREE TRIAL but we'll make it nearly impossible to cancel and continually PULL money from your account. You can't stop our PULL requests, muwahaha! Bitcoin is PUSH only, no one can take your money. Doesn't matter who it is, gov't bank, netflix, your mother, etc. One-way street where only the owner of the funds can authorize a transaction. A huge winning aspect of the bitcoin protocol. |
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At what point can the long-term downtrend be considered 'over'?
Depends who you ask, and what count they have in mind (if they use EW) Depends also on what is meant by "long term downtrend being over". The old downtrend could be over, but be replaced by another one, maybe less severe (i.e. a different downwards channel). Or it could end, but not be immediately followed by a much more bullish market either (i.e. bottom is in, but it's not rally time yet). There are several ways to look at it... Anyway, I don't have a fixed target at which I would conclude with certainty that the bear market is over, or let's say, that target is so high, I wouldn't want to wait until we reach it before buying back. That target would be roughly: close above weekly SMA20, supported by volume, possibly followed by consolidation or minor retracement not further than the SMA, followed by a trend reaching for upper weekly BB (high 300s to 400). Thanks. A little more technical than I was expecting, but still @coinableS: what would your criteria be? I'd say that we need to above this long term trend line for longer than just a few days before we can say we are out of the bear market. Things look promising but just a $20 swing can put is back in the downtrend. Just look at May last year, things looked good, but then we went straight back down. If we're still moving up and above the trend line April 15th then I'd be pretty convinced we're out. |
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At what point can the long-term downtrend be considered 'over'?
We've been above or out of the long term down trend as of March 1st from what I'm seeing. So it's only been 4 days, so could just be a 'false break' or it could be the start of a trend reversal. It would only take a drop to $245 ($22) to be back into the bear trend. |
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