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1821  Other / Archival / Re: Do you have paypal account even though you have bitcoin? on: November 03, 2016, 11:31:07 AM
I have never make a transaction yet in Paypal, either sending or receiving... I wonder how did I made my account there because my cousin ask a help from me to make a new account for him bur unfortunately it is now asking for the Identify Document like National ID which is mandatory. One more thing, I can't use my Paypal account because I still don't have a credit card for transacting unlike in bitcoin I can receive and send money freely.

You can actually use Paypal even without uploading an ID or putting your credit card details. You can receive and send money. You can even use an unverified Paypal to buy stuffs online. I get paid using Paypal back then and even without verifying, I was able to use Paypal with no problems at all. There are people that gets their account frozen for 180 days because they're not verified but mine didn't get frozen or something. I'm still using it and everything's fine.
1822  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: November 03, 2016, 11:20:54 AM
Even at a price of $ 1000 is not worth selling Bitcoin. Price will rise until the total popularization of Bitcoin. Also, when they are already extracted all the coins (around 21M), the price can only grow - it is the law of the free market, ie demand and supply. When mining of Bitcoin will be finished - the supply will completely stop, and the demand will still be growing. It will make the price will have to rise. So hold your coins guys!

With that logic at hand, you'll be forever stuck in a loop. When the price reaches, 1000$, 2000$, 4000$, 8000$, or no matter what the price is, you'll have that very same thought in your mind. You'll think that it's not worth selling since it will reach a much more higher price in the future. Well, that is true. If you imagine it, the potential of bitcoin having a price increase is almost infinite so you would probably end up not selling your bitcoins ever.
1823  Other / Archival / Re: Do you agree with idea "Bitcoin bank" ? on: November 03, 2016, 11:07:02 AM
Recently, i often see discussion about Bitcoin Bank. More and more people come here and ask about bitcoin bank & surprisingly i see few user agree with this idea.
So, i would like to find out the percentage of user who agreed with this idea.

In my opinion, I dont really believe that bitcoin banks are a good idea. The main attribute of bitcoin is that it is decentralized, so creating banks for it would be counterintuitive.

However I do believe that making banks for bitcoin would attract a wider range of consumers to bitcoin that previosly did not want to join

Most people wants security and having a bitcoin bank will solve that problem. It will make those people that are too afraid to get hacked invest in bitcoin. But the real problem is, how trusted is this bitcoin bank? A bitcoin bank would be holding thousands of bitcoins eventually, and that's a good point for the owner to run away.

I think you should just trust yourself in bitcoin. Enable 2FA and all the other security features that your bitcoin wallet has and you'll be safe. You don't have to trust another guy or another company to make your bitcoins safe.
1824  Bitcoin / Bitcoin Discussion / Re: how strong is bitcoin really? on: November 02, 2016, 10:17:57 AM
Bitcoin currently is not being hyped or spread that much which it needs to be because if no new investors would join in, the people who have gained coins will try to get more and more coins and they will only add it to their portfolio and never disclose or distribute them.
Even though it might not seem like it, simply using bitcoins is a way of spreading news about bitcoin. When somebody sees you doing bitcoins on your computer, they will be curious of what you're doing. So you'll say things about bitcoin. They will be interested. You might not notice it but the people around you are actually being introduced to bitcoin by just seeing you or by knowing that you use bitcoin.

Methinks, it is not a very good idea to let people see that you are "doing bitcoins on your computer". Why would you ever let them see that unless you are showing off, of course? But I don't think it is a good idea, either. If you want to attract people's attention to Bitcoin, you wouldn't likely want to do it in an obtrusive and ostentatious way like what you suggest.
Of course you wouldn't be doing it in a manner like, "Look at my screen everyone!!" or aggressively putting your computer screen infront of your friend. Common sense.

Wealthy people already know about bitcoins, the rest might not be relevant unless Bitcoin gets traction as a real currency for using in everyday life.
Source? I have friends and relatives that are millionaires (in my currency) but they have no idea what bitcoin is. I don't think all of the rich people knows bitcoin. For example, if you ask Kim Kardashian or Emma Watson about bitcoin, they probably don't have any idea what that is. There are tons of ways to become wealthy and bitcoin is just one of them so it's not necessary that all of the wealthy people out there knows bitcoin.
1825  Economy / Economics / Re: Big Crash coming on: November 02, 2016, 09:58:57 AM
Considering the present scenario there is no crash coming . If you see after halving price has never gone below what was price at halving. It has moved up itself though it has gone down couple of days back but bounced back and almost trading at 730$. Soon expected to touch 800$

I can't see the reasons or any signs for crash too. Some here are indicating that elections and political situation in USA will influence the price but I don't think so. And I can't remember that any of candidates has mentioned Bitcoin either in good or bad sense. So saying that Hilary or Trump are against or for Bitcoin are pure speculations.
The price is moving up steady and this could continue for a while so I also think that we could touch 800$ very soon.
There's never a sign when a crash is coming. The previous big crash that we had was Bitfinex hack. The hackers didn't announce something like, "Dump your coins, we're hacking Bitfinex tomorrow." We only knew the reason when the price was starting to decrease quickly. But before that, we know nothing. Whales and other big players also don't announce anything when they're going to sell a huge amount of bitcoins. There's no reason for them to do so, honestly.
1826  Economy / Economics / Re: Loans too risky? on: November 02, 2016, 09:43:24 AM
It's really worth it as it helps the community, gives you a small profit, and helps you gain a positive reputation in this forum. If you're worried about scammers on this forum, there is definitely some, but just never give loans without any form of collateral that you can possess if they default on the loan.
It helps some people in the community, yes. Those people that really need some money and know that they can repay, those are the only people that are truly being helped by loans. But the problem is, someone can easily pretend that he's in need of money when the truth is he's just selling his collateral by getting a loan from somebody. They don't even care if they get rid of it with a lower price.
1827  Economy / Micro Earnings / Re: How much bitcoins can you collect from faucets per day? on: November 02, 2016, 09:27:50 AM
Realistically 30k per hour is decent so 30k x 24 =720k
720k x 7 = 0.0364 btc a week

If you want 1btc you need to make 0.142 or something btc per day
so over 0.005 an hour....
Also btc is $730 do you think it is going to be that easy to make that kind of money ?
"Realistically"? I'm not sure you're using that right. Have you seen somebody be awake for 24/7? I know there are drugs out there that are available to make you awake for 48 hours or even longer but I'm 100% sure that that drug is much expensive that what you'll get from non-stop doing faucets.

People go to school/work, go to sleep, eat, take a bath, etc. Most people only have 8 hours maximum to spend in front of the computer in a day. That would divide your calculations into three since 24/8 = 3. Thus, the maximum earning you can get from faucet sites is just around 0.01BTC. I don't think that's worth doing. There's a lot of better ways you could've spent all those time.
1828  Bitcoin / Bitcoin Discussion / Re: If Bitcoin was made illegal by your government would you still use it? on: November 01, 2016, 09:52:33 AM
If my government made bitcoin illegal then there will be a punishment if keep using it. And I am sure there will be no more bitcoin exchanger in my country. So, it'll be worthless if I keep using it while I cant convert it to my local currency. The answer is no, I wont use it anymore if my government forbade it!
Just because there won't be any legal exchanger in your country anymore doesn't mean that you cannot exchange your bitcoin into fiat. You can always trade person-to-person. Back then, there's no exchange websites. That is how they trade their bitcoins, by meeting up or by talking to each other online. You can also do escrow. Probably the transaction fee would be higher on this one but come on, you can't just shut down your bitcoin income just because of some hindrance.
1829  Economy / Economics / Re: The future of the paper money on: November 01, 2016, 09:46:09 AM

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

Well isn't the cryptoworld created by the people in the real world?  Supposedly there is no difference because of the  links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world.  Well we can't blame them, they want it all controlled and bitcoin is hard to control.
Never heard that the government is controlling bitcoins. It's 100% decentralized so how are they doing it? I don't think this is true at all. If you talk to your friend about bitcoins, will the government go to your house and arrest you? No. You're free in this world. You can do whatever you want in bitcoins. You can advertise and promote it as long as you want. The government isn't holding you back. They don't have a law against bitcoin.
1830  Economy / Economics / Re: Bitcoin to be international currency on: November 01, 2016, 09:40:40 AM
I am not in favor of the idea. Due to many reasons. Like how it is limited, Bitcoin that can be circulated virtually is up to 21,000,000 which at first is big but all of us 7 Billion plus sharing it would not be enough to be considered as a global currency.
Actually bitcoin being limited is a very good thing for us. Scarcity gives value. The more limited one thing is and the more demand that it has, the price will be higher. It's the basic supply and demand law. Not sure why would you want to have an unlimited amount of bitcoins. If it's like that, then bitcoin will probably have very low to no value at all.

Also another big thing is the lack of internet for some people in which Bitcoin transactions takes place.
That is their problem to deal with. If you can't afford to have an Internet connection, then you're probably broke even in fiat.
1831  Economy / Economics / Re: Soo, I'm planning on buying €1000 in bitcoins. Yes or no? on: November 01, 2016, 09:29:43 AM
Yeah and investing in bitcoin is anytime good but to be honest I feel that current price is bit high to buy bitcoins as it may fall down in coming days so its better to wait for a while and wait for the price drop as if you buy now and if price crashes then it will bring loss for you so its better to have some patience and take decision accordingly.
It will not bring loss to you if you don't sell at that time. Nobody's forcing you to sell at a lower price. I think that most people that have the same mindset as yours are the people that lose the most opportunity. You can buy right now at 700$ range but you're still waiting for a "dip". What if we never dip at this price range? What if we continue rising up? Then you just lost more money.

I think buying bitcoin at the time that you wanted is actually okay. You don't have to wait for a major dump before you buy. Bitcoin will always rise up over time so don't mind if you lose some potential earning.
1832  Economy / Trading Discussion / Re: Is bitcoin better or paypal? on: November 01, 2016, 09:24:29 AM
PayPal is slowly falling into oblivion. Just as Western Union and MoneyGram. Days of these companies on the international market are numbered. The next 50 years belong to Bitcoin! ONLY BITCOIN!!!  Grin
Apparently that oblivion is not inevitable at all. People are using Paypal and people will continue using Paypal. Even bitcoiners like us are using Paypal to buy stuffs online. There would always be people that do not want to study bitcoin or do not have the time to do so. Paypal is a very intuitive website so I think most people will continue using it despite of all the flaws that it has.
1833  Bitcoin / Bitcoin Discussion / Re: how strong is bitcoin really? on: November 01, 2016, 09:15:14 AM
Bitcoin currently is not being hyped or spread that much which it needs to be because if no new investors would join in, the people who have gained coins will try to get more and more coins and they will only add it to their portfolio and never disclose or distribute them.
Even though it might not seem like it, simply using bitcoins is a way of spreading news about bitcoin. When somebody sees you doing bitcoins on your computer, they will be curious of what you're doing. So you'll say things about bitcoin. They will be interested. You might not notice it but the people around you are actually being introduced to bitcoin by just seeing you or by knowing that you use bitcoin.

We don't have to conduct meetups and lectures for people to find out about bitcoins. They will eventually find out about bitcoin especially if they need to earn money online.
1834  Economy / Economics / Re: What will be our new world currency? on: November 01, 2016, 09:06:22 AM
bitcoin is still cheap, if you take the figure, 1 bitcoin = 100,000,000 satoshi and 1 bitcoin = 729 USD then 100,000,000 satoshi =  729 USD; this means 1 satoshi equals 0.00000729 USD or 0.000729 cents.  Now tell me if bitcoin is expensive  Cheesy .  I can say that it is impossible for bitcoin to be the main currency of the world, it will always fall to alternative category in my opinion.
You just went from 1 Bitcoin to 1 satoshi. 1 Satoshi is the smallest unit of bitcoin. Of course it will not cost that much. So yes, bitcoin is still expensive. 1 satoshi will of course never be. 1 satoshi basically doesn't have value at all in this world.

Bitcoin is really possible to become that main currency of the world since people are starting to send money from afar more frequently nowadays. Also, making all the transactions have a digital record will benefit the majority of people.
1835  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin trusted to put your real money on: November 01, 2016, 02:16:48 AM
Bitcoin is just a currency. It will not do anything to convince you to trust it. The whole system/network of bitcoin is decentralized so there's no scam that will happen when you invest in it. No one will take away your funds since you're the only owner of it. No one's above you. The only way your money will get stolen is if you let a hacker get into your system.
1836  Other / Archival / Re: Updated Overview of Bitcointalk Signature-Ad Campaigns on: November 01, 2016, 01:57:36 AM
Would love to hear what the community thinks about this though.
Yeah, me too. I decided to remove Sportsbet.io from the table. I think their thread is just 'reserved' for their incoming signature campaign or the owner of it decided not to continue the campaign. Nevertheless, I'll add them again in the PNYC category when they start.

And update/fix the CoinGate rates.
I think you meant CoinMixer.se. I checked CoinGate's rate and it's still the same.

I'm updating the table earlier than usual because we're facing difficulties when loading bitcointalk these days.
1837  Economy / Economics / Re: Why the price of Bitcoin change more than traditional currencies? on: November 01, 2016, 01:25:16 AM
Even though bitcoin is a currency, it's very different from the traditional currencies. You don't hear people saying, "Oh wow, EUR is low today. I guess I would invest in this currency in hopes that I would get profit."

The main difference of bitcoin to the traditional currency that makes the price of bitcoin move more is the fact that people actually invest a lot of money in this currency. By design and because of experience, they know that the price of bitcoin will increase in the future.
1838  Other / Archival / Re: Updated Overview of Bitcointalk Signature-Ad Campaigns on: October 31, 2016, 10:49:33 AM
Quote
To those who don't know, I added Sportsbet.io directly on "A" and not "PNYC" because they already had a signature campaign before. (https://bitcointalk.org/index.php?topic=1459293.0)
It is managed by the same "team"? If so, then there isn't an issue, but if it's not then it should have been added to the "PNYC"-section.

I used to do this with 777Coin (or a name similar to that), but only because they kept going active/inactive in short amounts of time and always with the same "team".
By team did you mean the same campaign manager and owner? They are both Sportsbet.io so I guess it's the same owner. The only difference was the campaign manager. The first one was managed by Gianluca and this new one is managed by yahoo. Not sure why is their thread still closed by now. It's been two days.
1839  Economy / Speculation / Re: Bitcoin price! really dude? on: October 30, 2016, 10:59:40 AM
The price of th ebitcoin is really bad and i dont think that is because of our things that ie because lots of people are holding the bitcoins and that is raelly bad you need to spent
bitcoins when you want the price to rise.
Spending bitcoin wouldn't necessarily increase the price of bitcoin. The price of bitcoin mainly increases because people are buying more bitcoins, not spending them. Spending bitcoins will just transfer your coins into another person's bitcoin wallet. That other person will probably just hold that bitcoin too because that's what most people do. Ultimately, the market will just move downwards once that other person decides to sell his coins.

I agree that the buy demand is the one that increase bitcoin price.  But if you study a system, promotion helps alot for the popularity of the coin and to be able to get more people to jump in the bitcoin economy.  One way of promoting bitcoin is by simply spending it as showing the usefulness of bitcoin in day to day life.
Simply spending your bitcoins doesn't necessarily promote bitcoin unless you post it on your facebook account showing people your transaction. When you spend your bitcoins, what's happening is a deal between two bitcoin users. There's no non-bitcoin users that are being affected. But I guess it's actually in the seller's perspective that can actually help promote bitcoins. If more and more establishments especially in big cities start accepting bitcoins, people would surely check out what bitcoin is.
1840  Economy / Economics / Re: Bitcoin replaces the money? Could happen? on: October 30, 2016, 10:41:28 AM
Bitcoin never replace fiat. The government will not allow it. It is not profitable.
Bitcoin is very profitable. Take the people in this place as an example, if it's not because of bitcoin, we will all be in reddit, instagram, twitter, and facebook. Just spending time there talking to people who would never care about us. We will spend tons of time on social media sites looking for validation from other people and all those social stuffs that aren't worth it of our time.

There can still be some point of views that the government can discover that would make them think that bitcoin is actually good their country's economy. But anyway, the government cannot control the growth of bitcoin day by day. If their people starts to use bitcoin, they can't just arrest them one by one.
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