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Hey everyone. I work in the dental field, and my dream since before dental school was to take a few patients a year who's mouth has been ravaged by drug abuse, and provide them with a total smile makeover. The problem is, these patients usually have no money or are on medicaid, and i personally do not have the money to do this type of pro bono treatment yearly as it is very costly and my business is low margin.
Is there a way, like Kickstarter, where I can setup a Bitcoin fund for one lucky patient with an estimated cost of treatment (lab work, materials, etc.). Then, with the patient's consent, I can post progress photos including before and after shots. Perhaps I can even follow up with these patients and show how your Bitcoin donation has literally changed a life!
I think this could be a very gratifying project for myself and anyone involved.
Can anyone point me in the direction of where to start? A Kickstarter type website with Bitcoin would be great. I'd have to speak with my lawyer too.
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I disagree. I think Paypal HATES Bitcoin. I think they are only starting to accept it because as the old saying goes "if you can't beat em, join em." A bunch of smart business men got into a room, and thought..."what would happen if people start to adopt Bitcoin, and realize that they can send money for goods without using our service and paying a 3% fee?"
Paypal smartly decided to hedge their bets. If they didn't adopt Bitcoin, and Bitcoin really took off...especially amongst younger people, more likely to sell things online, Paypal could crumble and disappear in a very short amount of time.
They did a smart thing by accepting Bitcoin.
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A Coinbase paper wallet is a generic paper wallet. You can fund it from anywhere. You don't have to fund it from your Coinbase account.
1. Generate the paper wallet on Coinbase.
2. Print it.
3. Send bitcoins from your Bitcoin Core (Qt) wallet to your paper wallet.
I wouldn't personally use a paper wallet that is created by a website like this. If you trust coinbase enough to not somehow compromise the creating of a paper wallet then you might as well use their vault (cold storage) services. With their vault service you have a more or less zero chance of loosing your BTC because you mess something up. This is a pretty false statement. A paper wallet and vault storage are two very different things. With the vault storage, I don't have control over the Private keys. So while I do trust coinbase, there is always the chance of insolvency. If Coinbase goes bankrupt and disappears, so does my Bitcoins. |
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A Coinbase paper wallet is a generic paper wallet. You can fund it from anywhere. You don't have to fund it from your Coinbase account.
1. Generate the paper wallet on Coinbase.
2. Print it.
3. Send bitcoins from your Bitcoin Core (Qt) wallet to your paper wallet.
Thanks! This makes sense and solves the fee dilemma. But obviously not the security dilemma. Nice suggestion. |
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While this should probably be in beginners, I decided to post in the main forum for one reason...fear that someone will put up a dummy physical wallet service and steal bitcoins instead of answering my question.
Right now, I use Coinbase.com physical wallet service to offload Bitcoins. However I have more Bitcoins in Bitcoin.QT that I want to put in cold storage, and I don't want to send them to Coinbase, pay fees, and also run the risk that some untrustworthy employee at Coinbase is intercepting the physical wallet printing service.
What is the absolute most DEAD SIMPLE and SECURE way to get Bitcoins from Bitcoin.QT to a physical wallet for printing?
Also...I am obsessed with esthetics...I even laminate my physical wallets...so I like the look of Coinbase.com's printed wallets. I need a service that offers good esthetics, preferably customization, and is nice and secure.
Why doesn't Bitcoin.QT just have its own wallet printing feature? This seems like a no brainer.
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Should i buy now or not? is this a trap?  if its a trap... at least you'll be traped with an asset that is: 1. Scarce 2. Durable 3. Portable 4. Divisible 5. Impossible to counterfeit 7. Fungible ( any 1 BTC has the same value as any other ) 8. Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...) 9. Shiny ( yes the digital bits that make up a bitcoin are VERY shiny) 10. all of the above. + very shiny  Ok...but what if this scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset looses 100% of its value? The you have a scarce, durable, portable, divisible, impossible to counterfeit, fungible, easy to keep safe, and shiny asset that is worthless. My point? Your point is pointless. |
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Nice call! Thanks for buying coins and helping stabilize the price! It looks like the market is ticking back up, I hope you got the coins you wanted, but then it also often drops on the weekend!
Good Luck!
Than I buy more! I wait like a praying mantis...weeks, months...then WAM...snatch up cheaper coins. No panic, no anxiety. |
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I am reading articles about how increased adoption of Bitcoin may actually decrease its price. I've heard that these businesses, like Overstock, instantly convert Bitcoins right to USD, and therefor this somehow decreases the prices.
Conventional wisdom would suggest that increased adoption increases the price... But adoption has increased and the price is down over its high of $1200. Obviously MANY factors contribute to its price.
I'm HODLING... And I have a lot of buy orders in the 400-300 range. I picked off some 490 coins yesterday.
Anyways...can someone argue for and against this theory?
Well, let me give you a short answer, consumers don't have much reason to buy btc for the sole purpose of spending it. Now, on the other hand, merchants got a very good reason to adopt bitcoin (lower fees). If anyone can provide a killer argument for why consumers ought to buy btc (to spend) instead of just using their CC, then please do so. That argument would have to have a broad appeal. So pls, no conspiracy nuts claiming the dollar will die, etc. The general public don't care about that. Personally...I would much prefer credit cards over bitcoin. if I charge something on Amex, I get consumer protection, I pay no fees, and I get a month to pay it off. As a business OWNER...bitcoin is better than credit cards. No fees, instant money in the bank. If someone combines Bitcoin with some sort of credit card features (fraud protection, insurance, delayed payment, no fee transactions) that would be awsome. |
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I am reading articles about how increased adoption of Bitcoin may actually decrease its price. I've heard that these businesses, like Overstock, instantly convert Bitcoins right to USD, and therefor this somehow decreases the prices.
Conventional wisdom would suggest that increased adoption increases the price... But adoption has increased and the price is down over its high of $1200. Obviously MANY factors contribute to its price.
I'm HODLING... And I have a lot of buy orders in the 400-300 range. I picked off some 490 coins yesterday.
Anyways...can someone argue for and against this theory?
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Yes...the world does not revolve around Dr. Bitcoin, I understand that. But last week I requested a nice crash in the bitcoin price so that I could snatch some more coins at a lower price. I am shooting to own 10 coins by the end of the year.
Low and behold the price dropped from 600 down to 505. I bought .25 at 550, and I have limit buys from 499 all the way down to 299 in increasing quantities.
How low can it go???
It it reaches $399...I have a solid 4 coin buy...and my 10 coin goal in 2014 will be reached.
Iv the long run...Bitcoin will reach $1000 again...but in huge short term I'm getting me some cheap coins.
Why aim so low? If the price fell to zero, you could get them for free and thus own an unlimited number of coins.  Damn. You figured out my secret. Ok, I may as well tell you all now...I have an infinity limit buy order at 0. But now everyone is going to do the same! |
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Yes...the world does not revolve around Dr. Bitcoin, I understand that. But last week I requested a nice crash in the bitcoin price so that I could snatch some more coins at a lower price. I am shooting to own 10 coins by the end of the year.
Low and behold the price dropped from 600 down to 505. I bought .25 at 550, and I have limit buys from 499 all the way down to 299 in increasing quantities.
How low can it go???
It it reaches $399...I have a solid 4 coin buy...and my 10 coin goal in 2014 will be reached.
Iv the long run...Bitcoin will reach $1000 again...but in huge short term I'm getting me some cheap coins.
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If it crashes it will be because of some dire reason that will make you not want to hold bitcoins. After all, how else can the market go down, people have to want to sell. So I would echo the advice of Unluckyduck and if you really think the future is bright, buy a little bit from time to time.
This is called Panic selling...not something I engage in. I have a goal of 10 Bitcoins in 2014. I was on track to meet that goal...but now I'm a little off. I currently only have about 3.5 BTC. So while $580 is a good price, I snagged one at $380...and it felt VERY GOOD! I'm just waiting for another crash, so this time I can snag the remaining 6.5 BTC and then it is HODL city! I currently have limit buy orders as follows: $549 - .25 BTC$525 - .25 BTC$499 - .50 BTC$475 - .50 BTC$450 - 1.0 BTC$425 - 1.0 BTC$399 - 3.0 BTC$350 - 3.0 BTC$299 - 4.0 BTC$200 - 5.0 BTC$99 - 10 BTC |
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I check the crypto charts every day... Just waiting for a good crash. Like the last time, I bought 1 Bitcoin at $380. My only mistake was not buying more.
Long term I think it will be over $1,000 again... But this short term stability is so boring.
I know the best thing for Bitcoin is stability...but the best thing for Dr. Bitcoin is a nice healthy CRASH. My money is ready to go!! Just when?
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Dude...it is 0.2BTC. 118.9USD. Get a job, make the money back, and get on with your life.
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Compliance is not my department and I'm definitely getting a schooling on the law  USA PATRIOT Act Section 326 Customer Identification Program (CIP) Essentially this requires us collecting US citizen Tax ID # (SSN or for verification of identity with the other documents. So its the law of the land unfortunately. Seriously. I remembered this post, and you saying "you don't need to enter your SSN." So I decided to go back and finally get verified as I am a Cryptsy user for a few months now. Low and behold...I start the verification process...and there it is..."Full SSN" So...I was RIGHT. How can I trust your website with my Social Security, drivers license? I mean...you aren't exactly Amazon.com, and I give Amazon WAY less information than this. I don't even remember Coinbase asking for my social security, although I could be wrong. So...once again...I went to verify my account...and once again I chickened out. I just can't give crypts that type of personal information. Drivers license, everything else would be fine...but not Social Security. Oh well. |
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Have you calculated reinvesting the dividends? Like on Cryptsy, you can buy fractions of a mining share.
So what if you reinvested the payouts on a weekly basis?
Theoretically you'd get exponential growth. Perhaps this would work? Could you do the math on something like this?
That would probably fix it. The problem is: you will never then have BTC, you will only have GHs until the end of times. Let's say you buy 1000 GHs. These 1000 GHs after the first month give you 0.799 BTC. You buy 0.799 of GHs (no matter how much it is). Now you have 1000 GHs that will never catch up the investment, AND 0.799 of GHs that will never catch up the investment I just trashed 150 Euro like an idiot, I can admit it. But I wonder all those people in there with thousands of GHs... how comes they didn't make the count before buying so much of it? I am not familiar with the service you are using, but on Cryptsy you can trade your mining shares back to BTC at any given time. So eventually, if you reinvest the dividends your 1 share will be 2, then 4, then 16, then 256. Or probably less because of the increase in mining difficulty. But eventually, you could cash in these shares for BTC. I calculated that if you reinvested the dividends on a weekly basis, after a few years you'd be generating like 1 BTC per day. Of course, this doesn't take into account the increase in difficulty, the decrease in share values, and of course the risk that Cryptsy gets Goxxed. So as intrigued as I have been about mining, my experiences have only lost me BTC. The good news is that after a year I'll get my principal back, so it shouldn't be a loss...but I ain't gonna get ri BTCh But watch: if you cash back your BTC, somebody else is losing. So, while you CAN do something by TRADING, you can't do anything by mining. It's just another asset you are trading, but in general that asset value is nothing. The only real winner is the cloud mining service. That makes no sense. The assets that you've accrued are directly related to mining. Without the mining dividends being reinvested, you have no value beyond the principal. So while cloud mining may not be great, your premise is flawed. |
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I had no problem for some reason verifying my identity with Coinbase a while ago. I actually do trust Cryptsy more than most exchanges. But for the third time, I have sat down to verify my identity, and got to the social security number section and JUST COULDN'T DO IT!
I really want to buy some Litecoin with USD if it goes lower (like in the $6 or $5s), but can't bring myself to give Cryptsy such personal information.
Can someone please convince me that I am being overly cautious so that I can just pull the trigger on this already? Thanks.
(Also...lets say I am that worried, and don't do it...is it that much different from buying $100 worth of BTC on Coinbase, transferring it to Cryptsy, then buying the Litecoin on Cryptsy. Do I loose that much value through fees and exchange rates?)
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I just sold everything at $650.
Going to buy back at $550.
..except $550 will never come. I'll end up rebuying at $850 and holding until $900.
I make moves. I'm a daytrader.
Hear me roar, douchebags.
Stay tuned for my next chart! It's gonna be a doozy!
I must say...your skills make me feel like anything is possible. Like the world is my oyster and it's ripe for the taking. Teach me your daytrading ways. Help me make dozens of dollars! I am yours my master. Teach me the ways of the secular flesh. |
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Have you calculated reinvesting the dividends? Like on Cryptsy, you can buy fractions of a mining share.
So what if you reinvested the payouts on a weekly basis?
Theoretically you'd get exponential growth. Perhaps this would work? Could you do the math on something like this?
That would probably fix it. The problem is: you will never then have BTC, you will only have GHs until the end of times. Let's say you buy 1000 GHs. These 1000 GHs after the first month give you 0.799 BTC. You buy 0.799 of GHs (no matter how much it is). Now you have 1000 GHs that will never catch up the investment, AND 0.799 of GHs that will never catch up the investment I just trashed 150 Euro like an idiot, I can admit it. But I wonder all those people in there with thousands of GHs... how comes they didn't make the count before buying so much of it? I am not familiar with the service you are using, but on Cryptsy you can trade your mining shares back to BTC at any given time. So eventually, if you reinvest the dividends your 1 share will be 2, then 4, then 16, then 256. Or probably less because of the increase in mining difficulty. But eventually, you could cash in these shares for BTC. I calculated that if you reinvested the dividends on a weekly basis, after a few years you'd be generating like 1 BTC per day. Of course, this doesn't take into account the increase in difficulty, the decrease in share values, and of course the risk that Cryptsy gets Goxxed. So as intrigued as I have been about mining, my experiences have only lost me BTC. The good news is that after a year I'll get my principal back, so it shouldn't be a loss...but I ain't gonna get ri BTCh |
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Have you calculated reinvesting the dividends? Like on Cryptsy, you can buy fractions of a mining share.
So what if you reinvested the payouts on a weekly basis?
Theoretically you'd get exponential growth. Perhaps this would work? Could you do the math on something like this?
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