I don't think 1 BTC can be a bad investment. You really don't stand to lose very much money if things go south, but there is still so much potential upside. There isn't another traditional investment out there that can outperform BTC (during price runs)
Then again, we don't know hold old OP's uncle is (whether he is a long term investor) and what portion of his net worth would be used to buy 1 BTC. We don't want somebody going all-in on bitcoins and then witnessing a drop in the price. |
|
|
|
Watch for the end of year(job Xmas bonus), for the next crisis between east and OTAN(North Korea, Ukraine, Syria, Japan vs China, anything that make people talk about the 3th world war) and for the next crisis in dollar or in the Euro zone
If we get all at the same time, we will be halfway to the moon
Crises are a dime a dozen. You can always bet on politicians in some country to screw up.  |
|
|
|
Just FYI, we escrowed an additional 5 BTC to dooglus, waiting for his post on forum and signed for verification. Will update our thread when he does  Thats a total of 10 BTC now in escrow. regards! lets hope that this campaign lasts a long time unlike most other campaigns have. I am really surprised less then 10 days and they have all spots full all 100 members enter in this new campaign good competitor for PD Well it was the timing that made it take so long (If it was open on the 18th it might have been 3 to 4 days  ) Since most PD3 users probably didn't want to jump before PD3 to a new campaign, that however gave other campaign users the opportunity to get into this one. Some of them still did jump ship. A quick check reveals that out of the first 5 who registered on the dicebitcoin campaign, 2 are from PD's campaign. I guess people who didn't make a lot of posts thought jumping might be profitable. |
|
|
|
was arbitratry for bitcoin also? i remember 21M come up from a math equation or some other calculation
50 BTC every 10 minutes, halved every 4 years --> 21 million BTC total Other coins use different numbers and different distribution plans. Many coins are not capped. so satoshi started from the block reward, to build bitcoin Not really. You can also start from the total number and then work backwards. What do you mean? Start with 21M coins premined, then "desmine" the coins along the way? Nope. Was talking about the calculations. You can fix an arbit number for the total number of coins, and then back calculate the block reward. |
|
|
|
these days I invest my BTC in new program BTC-legacy . I invested money here two days ago . this time my investment is 0.04 BTC which is the minimum investment on site . admin pay me 0.002 BTC daily as profit . we can withdraw our principal any time .it is the best part of the site we earn here admin pay us a pure ROI . hope this site will pass all test of me and I will invest here more money and earn good amount 5% daily? Something is not right. |
|
|
|
Money Life speculated wrong information. Check this ; they mentioned press release of RBI and given a link http://rbi.org.in/press%20release; seems broken( But RBI will never publish broken links).The author has written some thing by his own comments and writen as a RBI press statement. There was no such statement in RBI records. I noticed the broken link. The publishers probably goofed up in the url.  Here is the correct link to the RBI press release. http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30247 |
|
|
|
Most of the taxes raised currently will still be able to be raised with bitcoin. The taxes that are currently problematic - for eg. corporation tax (companies locating offshore etc) and income from self employment (cash in hand etc) will still be problematic under bitcoin.
How would they be able to be raised? It's so easy to move btc, it's not possible to tax it. Well, it seems to me that apart from the 2 types of taxation that I mentioned every other type of tax would be able to be raised at source and through the normal channels. Everything is accounted for. Fuel tax + income from employment (as an employee) + capital gains tax + Value added Tax + Inheritance tax etc etc - none of these would be problematic for a government to raise - not where employers, retailers, accountants etc have a legal liability. We could have under-reporting of the value of certain transactions. For e.g. - to avoid capital gains tax, a portion of the proceeds could be received through bitcoins and the remaining through fiat. This will lead to a growth in the parallel/bitcoin economy. Of course, these issues are possible through fiat also. But dealing in large amounts of fiat is a problem. With bitcoins, it is easier. |
|
|
|
Everyone of them say "why do I want to work for Bitcoins? I would rather get paid in dollars" or they don't care to buy Bitcoins. Faucets are a joke.  you can bitcoin with many ways, there are sometimes give you for free by clicking the adevertisement, sometimes you must play a game, etc Although if they expect a sizeable amount, they are in for a huge disappointment. |
|
|
|
they've been saying this for ages now  Yeah, well... It's primed for a collapse. This isn't your standard fear mongering, this is legitimate. The entire economy believes it, and countries are preparing for a collapse of the USD. yeah but when? thats the thing, we going on liket his for ages. Max 20 years. The gravy train is primed to end, and China isn't happy with the USD. Plus, BRICs is launching soon... So the US politicians have 20 years to correct this situation. Reasonable time to prevent a crisis, I would say |
|
|
|
Of course, it already did once. But let's stay positive The effect of rumours is usually short term. So to that extent, it gets reversed when the rumours are proved false. Sure, but people who are good at trading Bitcoins can use that rumor to earn some extra BTC on it. Yes, but if you are in a long term hold position, you won't get impacted. The people who lose out are those who rush out to sell at the first hint of bad news. |
|
|
|
Now Bihar people are in btc lolz i am laughing 😆 they can do labour and study only all most bihar people came to punjab to get jobs
We don't want to start region-bashing here. Do we? |
|
|
|
It's a currency just like the money in your pocket, do whatever you want.
A currency, which could appreciate by the time you decide to spend it.  |
|
|
|
I don't know what to say, but 10k bitcoin? wow
At some point BTC was priced in cents. |
|
|
|
You would almost certainly be better off carrying them and buying bitcoin instead.
You have no idea just as much as I have no idea:) Plus paying off loans early you save so much money in interest... What if the US decides to tax the crap out of Bitcoins in the future, what if BTC plummets to less than a dollar per BTC. When I am pumping money into my loans and paying them off early it is the only thing guaranteed to save me money. Agree. Leverage is risky. It is better to pay off your loans, and have a small position in bitcoin. |
|
|
|
|
Bitcoin businesses will move to tax havens, just like the regular ones did.
|
|
|
|
The future currency will probably be replaced by crytocurrencies.
Only difference will be who is backing them, either government or free market.
It makes no sense to replace a state emitted fiat with a state emitted cryptocurrency since cryptocurrencies don't have any real advantage over digital fiat besides being decentralized (but apparently this would be impossible for a state run cryptocurrency). Cryptocurrencies do have advantages over digital fiat - eliminating banks, huge transaction fees..... |
|
|
|
However, deflation is generally regarded as a very bad thing. First, it greatly reduces consumption - why would you pay for something today if you KNEW the price would be lower tomorrow?
An exception - electronic goods. People are rushing out to buy the latest iphones, even though they know prices will drop in the future. Ah, but there is where you are wrong. If we knew that computers would never get better or cheaper, I suspect sales would spike. People delay purchases to wait for prices to drop and upgrades to be made, or at least I do. I guess it is a function of utility value and the time it takes for the price to drop. If I need a phone now, I am not going to wait 6 months just because it may become 10% cheaper. |
|
|
|
Of course, it already did once. But let's stay positive The effect of rumours is usually short term. So to that extent, it gets reversed when the rumours are proved false. |
|
|
|
|
Show Posts
