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17561  Economy / Economics / Re: $1100 to $750 is significant on: January 24, 2017, 09:27:53 AM
compared to the usual drops after these run ups, it is not in any way significant.

Yeah no significance that bitcoin is going to be back at $750 from now. But what is happening now it makes me happy that the flooring price now is good at $900 and it is still gives me hope that the price of bitcoin is going to be back at $1,100. But while waiting for the price increase, somehow it bothers me if the price will go down.
17562  Economy / Gambling discussion / Re: 2016/17 NBA Season on: January 23, 2017, 02:23:05 AM
From 1st quarter to 4th quarter the battle between Denver Nuggets and Minnesota Timberwolves was always so close and the game ended in favor of the home court of Timberwolves surely they didn't disappoint their fans. I thought the last shot of 3 points of Nuggets is going to shoot but it is an air ball, congrats to those who bet Wolves for this game.
17563  Economy / Economics / Re: What Would Happen If Bitcoin Were Declared Illegal in the USA? on: January 22, 2017, 02:09:35 PM
If bitcoin is going to be declared in the USA, then it can be good for bitcoin and bad also. Good is that the demand of bitcoin is going to increase since a main player of world market will declare ban to bitcoin  then people who are residing there are going to have hard time for buying some locally. Bad because it can have a big impact to the followers of USA, they might ban it also.
17564  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: January 19, 2017, 01:59:42 AM
I doubt that bitcoin can be replaced by another crypto currency. Bitcoin is number one among crypto currencies. Those others just try to repeat the success of bitcoin. But as I know many crypto that appeared after bitcoin didn't survived till today. I think it's possible future to many others crypto currencies that exist now.

There is only one way to make bitcoin out of its position now. An alt coin that is worthy to replace bitcoin from the top spot in crypto currency must be able to surpass its market cap and that's all. People that will able to see that if there are more potential coins that has a lot of investors will make that coin to pump because of its demand and usage.
17565  Economy / Economics / Re: Bitcoin can not replace fiat on: January 18, 2017, 12:21:00 AM
Bitcoin will not replace fiat, but it will become a secondary payment option next to fiat. In india, the government tried to convert people to digital payment and demonitized large value notes and its suffering from economic crisis. So there will be people who always love to use fiat.But due to bitcoin usage, fiat usage will get reduced considerably.

Yes India is a perfect example of bitcoin adoption but I'm pretty sure that India is going to fully depend on bitcoin. They can just see that bitcoin has a good potential so that's why India is good at treating it as a secondary payment or alternative investment for gold. It's really hard to think that bitcoin will ever replace fiat.

It may get adopted in some countries like India where people might be interested in using it in place of fiat but that will only be possible if there will be places accepting bitcoin as a payment because though people can hold bitcoins but what will they do with them if they wont have any place for spending them?


If I'm not mistaken there are already places, stores and merchants in India who are accepting bitcoins for payment of their services. And as well as there are a lot of local exchanges who are operating there. So bitcoin's adoption in India is for real but I'm sure that it won't be replacing fiat at all, but the market of bitcoin there will be good.
17566  Economy / Trading Discussion / Re: I quit trading on: January 17, 2017, 02:03:38 AM
At the same time, I believe they must be needing some break to re-evaluate about their skill on trading. Because that will be helping them to sharpen their skills for a better trading.
Yes, we need to respect the decisions of some dejected traders like they are taking break from their continuous trading life. But quitting trading should not be permanent. They must find some time to enhance their trading skills and hopefully will come back into trading just to recover what they would have lost earlier.

It is just like quitting in gambling, he say that he will quit for awhile but afterwards he is going to gamble again. And that's the same thing with traders, they are going to quit for awhile and do trading again upon seeing that the price of bitcoin is getting higher and higher. Taking a break in trading is good but quitting trading totally is not going to be a good idea.
no i think quiting trading is not so easy. because to quit gambling you just not put your money in gambling any more but when we speak about quiting in trading you have to quit your whole system. you have to withdraw your whole money that is circulating in the market.
Quiting trading unlike quiting gambling is a lot easier, since you only need to close your open positions and get back your money, quiting gambling can be very difficult especially if someone is addicted to it.

Yes and trading is more beneficial rather than with gambling so it is better if you are not going to quit with trading. There are a lot of people sees that trading should be one of the best way of investment to be considered as good way of earning. It's just a matter of failure in the beginning to learn on how the market moves, don't just get discourage.
17567  Bitcoin / Bitcoin Discussion / Re: Daily use of bitcoin? on: January 16, 2017, 12:23:25 PM
Hi friends,
As far as I know, bitcoin payments take a little time to approve.
Yes, there are times that bitcoin's transaction hasn't been confirmed immediately. There are even transactions that are pending for days. But I don't experience that yet as most of my transactions are just for several minutes.

Will these approval times make it difficult to use bitcoin in our daily lives?
Not really, it depends on how those people that you are going to deal with needs that bitcoins you are going to pay them. It is normal that there is a waiting time before a transaction will be approved/confirmed. I don't see this as a problem.

For example, I would get a coffee from Starbucks. Do I have to wait for approval to pay for what I have done for hours?

As long as you already sent the payment to them, it will already show that you had paid them. Then that's the time of waiting for approval will enter.

17568  Economy / Marketplace / Re: Where would you invest if you had 40$/day ? on: January 14, 2017, 03:49:26 AM
I would invest in something like trading or gambling just for the fun its not that its necessarily to invest it into something good right ?

It was not asked if it should be something right, but it was obvious that the guy needs an idea on where to invest it and that means the OP needs some idea on how to earn more from his regular $40 earning each day. With that, I am sure that OP needs something that earns, so your first suggestion is good but the second which is gambling, that's off!

I don't know there are people that are suggesting some investments just for fun. It would be fine if the money that will be invested is just going to be for fun too. Gambling for fun will surely ripped off your pants easily and that $40 will not even be enough if you drag yourself into addiction with it, trading would be better.

dividing the 280 per week into 28 ten dollar increments and buying low valued coins with each ten dollar set would end a month with an investment in 128 alt coins per month.  if these were bought at 1 sat each and even 1 per month goes crazy and sells at 10,000 sat, or even 1,000, then that would be a nice little investment.  there is actually work in this though, buying 30 coins per week is pretty easy, but checking the list will get harder and harder as the list grows and grows, for that reason i would keep all the work on one exchange and that way a simple login and peek at the wallet screen would show those that have the highest estimated btc value

Low valued coins will not guarantee profit better to say that choose the valuable coins which is preferably good if op has this amount of money. And buying a lot of coins is not going to be an easy task for him unless he used to sit in front of his computer and doesn't do other things that he might do. But I got your point that he will surely rake a lot of profit if he is going to follow your suggestion.

i agree with you from a seasoned investors point of view.  you and i can likely find 1-3 good coin investments per week and have a 50% success rate.  but, if someone without the eye for picking the coins wants to try, i would rather see them succeed through sheer numbers.  there is work, but the work requires very little knowledge and that steady playing and sifting through the coins, the wallets, the forums and such will start to build a knowledge base in the newer person through simple exposure.  not outright disagreeing with you, i do agree with your method, i just think that someone without experience will have better luck shooting a shotgun into a crowd than using a sniper rifle to pick out a single target

Yes almost everything here in forum that we need to know is already here so trading or finding out those valuable coins will be easy already plus the there is no problem anymore with the investment because you do have the money for it. And if someone without experience, better not to rely with luck cos' the money will just be wasted if it is for trading.
17569  Economy / Marketplace / Re: How to make 1 bitcoin in a month or 2? on: January 12, 2017, 12:28:49 AM
Campaigns are profitable and good way of earning bitcoin but it is not guaranteed that it will last a life time. But with trading, it is a good way to make bitcoins too and it depends on how you are going to be a good trader as you can make this a long term career. Still while doing some trades, you can invest into different ICO's as well.
Not joining campaigns or atleast discouraging people to do so is like not looking for a job because you don't have a guarantee that you'll be forever be an employee there or because you don't have the assurance that the company will not shut down. There's very little amount of things in this world that will last for a life time. The only thing that you can do is accept that fact and enjoy the things while they are still there. Signature campaigns are still here and it's running well, let's all enjoy it and don't be so sad just because we don't know if the mods will soon disable it.

You are right with that mate, we are just telling what will probably happen about signature campaigns. And as long as it will remain and companies are going to advertise through it then that's better. So while they are still there it's good and looking for some stable job will be the best thing to do and don't just rely with signature campaigns.
17570  Economy / Gambling discussion / Re: The best way to quit gambling for good on: January 10, 2017, 04:43:47 AM
To quit gambling is simple STOP PLAYING! Control yourself, make a limit of gambling, simple like that. What's the point if you keep playing and losing?. There isn't another way to quit gambling.

It is not that even easy to say that to someone just to stop playing. And telling that to those addicted gamblers won't work. You are suggesting to make a limit of gambling and then asks what's the point of keep playing and losing? There are even a lot of ways to quit gambling for good, you just need to help yourself either look for those things that can give you interest which is not related to gambling and dedicate your time there.
yes that is fact that it is easy to say but difficult to stop gambling. if you are addicted to gambling then you cannot stop gambling easily, because i have seen so many people who stopped gambling but after some time they start gambling again, therefore to me i think the best idea is to change your gambling strategy and turn limited your gambling.

That is also one of the hardest part in gambling, whether we are going to push those addicted gamblers to quit for good. But if they are still not helping themselves and they are keep on gambling because they are very pushy with their luck. If you are going to change your strategy then you wanted to pursue your gambling career.
17571  Economy / Marketplace / Re: How can we encourage local businesses to accept BTC? on: January 09, 2017, 11:11:32 AM
-snip-
Although house to house visit and sharing knowledge about bitcoin can truly helps but theres no guarantee at all bitcoin is totally unknown for everybody who's not really unto online world and surely people will think that we are recruiting them to the networking kind of scene where they surely not trusting it, and also i think the best one to market bitcoins is by word of mouth by people who experience it well and teach it to the nearest kin or neighboorhood or even by placing ad on some crowded place and surely by that many people and business establishment will notice of that existince.

The thing is you are doing anything for it to make those people encourage and as long as you did your job on letting them know what bitcoin really is. And there are some people who are truly looking into an effort of someone that wants to help them with this type of financial ways. Even though everything can be search it out with google still, talking personal to them will be an effective way.
17572  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: January 07, 2017, 05:45:39 AM
You can answer immediately and clearly the question of the strength of the banking system against bitcoin. That never happens. Nobody will destroy the banking sector. Rather bitcoin will have many enemies than the opposite.

Bitcoin will not even has the priority of destroying the banking sector. It just wants to help us to have good daily transactions where we have freedom from taxes. And for sure that it will not going to happen because the banks are going to adopt bitcoin instead because they can see it as a threat and adopting it will make their services better.
I am sorry but I have different opinion with you two.  I mean is if bank is used for save our money, if we do not use fiat anymore bank will become unused. I read so many news about some countries fiat is become worthless becouse the price is fall against USD. How if it is happen to our fiat, we have to safe our wealth by change it into something that no correlation with global economy. Thats my opinion.

Hmmm, even though the fiat of an individual country is falling still their fiat will not be totally useless at all. It can still be used but its value is going to be affected not the whole fiat system of a country. And banks are not just for saving our fiat, there are a lot of things and services that banks can offer especially in investments.
17573  Economy / Economics / Re: The dream of getting rich with bitcoins on: January 06, 2017, 02:44:54 AM
Many are living this dream right now. Living it to the fullest. I just wish I was one of those guys.
It's not too late, there still more room to grow for the future of bitcoin. Please stay on board as we ride to the future success. Just trust when along the way you can see some setbacks, we are strong now, and we can continue to succeed.

Yeah, those people who you are referring that are living their lives now just make them as your inspiration. Just like positid said, it is still not too late to reach your goals and getting rich with bitcoins. You just need to be hard working just like those people who are still catching their fortune with bitcoin and that is making them more encourage together with the price increase right now.

If we are really working hard and we are not lazy about earning! well bitcoin is a chance from us to get rich! So we should grab the opportunity to get rich with it! But we all know we will be into a lot of problems and struggles before achieving it! But we shouldn't giving up on it! Age is not a problem getting our goals! So we should keep chasing!

Right, because there are people who wants to become rich with bitcoins but they are just doing nothing and only speak words without action. As long as bitcoin has still the value nowadays we need to keep on working hard with it so that we are going to have chance of becoming rich because there are a lot of opportunities out there with bitcoin.
17574  Bitcoin / Bitcoin Discussion / Re: Is CHINA CONTROLLING Bitcoin? on: January 05, 2017, 12:23:46 AM
we can say they have really invested a lot of money even if we see the odds then they have even faced huge problems with bitcoin in past time by still they have managed to get their grip on bitcoin. soon or later they will try to get more powerful in more sections

That's what Chinese are for, they are always staying to a place where they can have good business and profit. So they just saw that bitcoin will give them good opportunity at early stage and they did really invested into it with and bought a lot of bitcoins. We just cannot identify who are those people who bought a lot in China but for sure right now they are just enjoying their profit.
Yes, you both are correct. But I think china domination is just for now, becouse some of coutries were started to be bitcoin player too. I heard that Russia is wants to be a big bitcoin player such as china, USA and Japan. So I think when bitcoin get full of mass adoption, china will not able to control bitcoin any more. My opinion is china will get the biggest profit from bitcoin becouse they are get in bitcoin earlier.

I don't know if Russia wants to have a big role in the whole bitcoin economy. Because it was once banned bitcoin into his own mainland but suddenly removed the ban. But you have the point there China will not able to control bitcoin anymore but as long as he will retain and will let his people to keep on using bitcoin, he will be on the top list of the countries that has a lot of manipulators.
17575  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: January 04, 2017, 12:36:51 AM
Looks like the halving is making its impact positive along the new bitcoin value, im very curious which will be the new value of bitcoin at 2020 when the other halving should occur at bitcoin. I do see the halving as something good, since it makes the price to double over time, recently it were every 4 years, soo its a 25% interest being achieved all year, no other investment can bring such potencial income.
Im sure that Bitcoin is have more demand in that year as result it can affect Bitcoin price.Bitcoin price is now booming is the affect of halving or not? Who knows.

Maybe halving has something to do with this rapid price increase and I always looking at halving as a very good way of making the price of bitcoin reach higher amount as it is making the supply lesser. But whatever will be the effect of halving, there is just one thing that I will going to say, I will going to keep on using bitcoin.

I don't really think the recent price increase that lead to us finally reaching the $1000 level again has much to do with the halving. It has more to do with increased demand coming from Chinese investors and other wealthy individuals. Bitcoin is gaining popularity as store of wealth tool alongside gold. Bitcoin is much easier and safer to store as well. With Gold you're required to have a save where you store all your physical gold. Some people even store their gold in bank vaults....

That's why I'm also doubtful because of it. But since halving has past already maybe it should really have something to do because if there is none we will stay the floor price of bitcoin before halving happened. It limits the supply so basically when the supply is lesser, the demand is becoming higher and that's the reason of price increase.
17576  Economy / Economics / Re: Can we Manipulate Bitcoin price? on: December 31, 2016, 01:48:31 AM
I think you must to have a capital of 10 billion USD to purchase the stock of the bitcoin to be able manipulate the bitcoin, if you just ask, of course that's not possible.

I guess so but I think if there is/are people who will do that they are not going to stop unless they make their investment back as even double or triple. And those people who are manipulating bitcoin's price surely they got a big investment and holds a lot of bitcoins in the market. I just don't know if they are that many or few who are doing it.
Yes, its really need big of financial capital to be able manipulate the bitcoin price, or if there are some community that buy or sell bitcoin in the same time. China people has the biggest chance to influence bitcoin price.

It seems that many are believing that China has the majority stocks or holdings of bitcoin. I don't know but I think they really have that amount in bitcoin and they are the ones who are also responsible why the price of bitcoin is moving from decrease to increase. And of course when the price increased a lot, many of us are selling and that's how we are also manipulating the price by selling altogether.

Yeah, I don't think China is the leading powerhouse in the bitcoin world. They may have a substantial amount of bitcoins, but they are all scattered, and they have not formed an alliance with one another yet to be able to control the price of bitcoin. If they do act as one, probably they would create a significant impact. But if they are not, then we can consider them as just part of the system like everyone else using bitcoins.
I agree with that, because they have big mining business in bitcoin, we automatically assume they are the bigger holder of bitcoin. I believe some people are holding big supplies especially the early investor, and I think also that it is just fair, they have trusted bitcoin and now that bitcoin has been successful they get the success as well.
A good opinion, even though they have a huge amount, but the problem is what percentage they have if they want to manipulate the bitcoin. If we look, the price of bitcoin looks very natural so if anyone can manipulation, I thought was impossible.
yes not easy if we want manipulatrd the prices, we need big group to do that but I have think seems like its impossible to happened due the bitcoin holder will no want take a part.
in fact it is not so easy to manipulate the price of bitcoin, as bitcoin is not a regional currency but it is a decentralize universal currency, therefore i think it will require a huge amount of bitcoin to manipulate its price.

We may say that because we aren't holding a lot of bitcoins but there are people who are holding thousands of bitcoin and they can simply manipulate and help the price movement by each of their movement. But there is something that makes me believe that there are group of people who are really controlling the price.
17577  Economy / Speculation / Re: When do we cross the 1000 USD barrier? on: December 30, 2016, 03:01:30 AM
It briefly crossed over on Huobi earlier today.
And on YoBit it crossed 1000$ as well. As I see now the price is 1030$ per 1 BTC now. Even don't know what to do - to sell mine coins or to buy some, but the price is so high if to camp are with August-September. Maybe I need to wait a bit to some site will be hacked and the price to bitcoin fall?

I guess I miss that time but in yobit's price, it is displaying it for a longer time even though the has been moved. And upon checking it now the price in yobit is $996 while on preev it says $959 and while on coinbase its value is now $973. Even though they have different pricing on bitcoin because of their obligations but I don't know if this 2 days left will make the price of bitcoin be longer enough to stay at $1,000.
17578  Bitcoin / Bitcoin Discussion / Re: How to convince my dad that Bitcoin is a trustful currency ? on: December 27, 2016, 04:32:15 AM
Hahahah this is pretty fucked up lol
I'm lucky that my parents don't know anything about btc or whatever...There wasn't a single news article about bitcoin in my country from the day it began.
If I was you,I would just show my dad some YT videos and see how that will go.

It won't help because his dad is a close minded person already because of a lot of illegal things that are coming out with the society on their place and the medium for those acts is with bitcoin. It's kinda hard to encourage and change the mind of his dad because his dad thinks that way by showing him on how you use bitcoin legally will simply make his mind change.
Most dads do really have close minds on which if they think its a bad thing they will stand on their decision until the end that's why we would really have a hard time on convincing them regarding to bitcoin.As in the OP mentioned his dad saw bitcoin is just an another scam that exist online.Therefore the best way to convince or change his view about bitcoin is showing him how to use it as a currency.

In my case I don't really need to convince him or even force him to know what is bitcoin and how is everything bitcoin works with my life. Too bad op is in hard situation just because of those people who are using bitcoin in his place illegally. It is good enough to know that there are bitcoin users near your place but with his case, I will not going to be proud of it for I will be also affected.
17579  Economy / Economics / Re: Why have Bitcoin instead of cash? on: December 25, 2016, 12:47:12 PM
bitcoin valuates over time

cash always devaluates

any other reason needed?
You are pretty much right about the cash but bitcoin is notIt  guaranteed to keep going up in price, we have seen massive dips in the past and I think we could another small one when btc reaches  $1000 per coin again because some people who bought at the top during the last run may have received enough of a scare to sell up.
And even cash devaluates still the value of bitcoin is depending also to the current money system.
But when it comes to the service, bitcoin is really a good way to those people who want to transact anonymously and with cheap rates.
besides devaluation, using cash will also reduce the interest of users, because the type of future money will be in digital form right ? after all, if you want to use the cash you can use fiat dude

That's true that the future money will be digitized and the people will be on cashless society. It's all going to happen very soon and that is possible because of the technology. But as of now, there is no force adoption of bitcoin so still it's up to us if we are going to fully adopt bitcoin but better if we are going to use both.
17580  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries? on: December 23, 2016, 10:57:07 PM


That's one of the reason why there are countries who are against the usage of bitcoin. But about taxing, they can easily implement taxation to bitcoin but that's is just applicable to those establishments that are registered in their SEC as profitable establishment but for individuals no doubt that they are going to have hard time for finding those people.

Why bother to taxes individual person if they can implement taxes to the exchanges site itself which is currently implemented now in most of the countries. Since bitcoin users used exchanges then that will be the one who will be taxed since they are the company and they are registered one. That's why you can some different fees in local exchanger which is quiet far from the normal rates of other exchanges.

Still good since no way we can cashout and use our bitcoin directly in most of the cases.

Yes and we don't have no choice about it but to follow their regulations as it is implemented here in my country and I guess my country is not against with bitcoin for they are allowing those companies to establish their very own exchanges and that's a good thing here in my country, more exchanges are coming out and because of that competition fees are becoming cheap.

Well it kinda is supported in all countries

If you have a computer you could access it from anywhere kind of

There are some countries that they aren't supporting bitcoins and ban it for real because of certain reasons. For seeing it as a threat to their financial system, thinking that it is just used for illegal things and many more negativity.
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