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1961  Economy / Economics / Re: Bitcoin prices rise high on: June 09, 2017, 09:59:29 AM
Many people are now curious to know what bitcoin is, whereas once bitcoin was just underestimated, now upside down many people stop working instead they prefer to focus on bitcoin

Is this the impact of rising bitcoin prices?
I still haven't seen people interested in Bitcoin, however I have talked about it with a few and it's been pretty interesting to see their perspectives, to say the least. It's not exactly interesting to talk with some of them but it is good to see some outsiders' views on the crypto anyway. Not sure why they started to care now, but I guess that's just how it goes for a lot of these people. Not like it really matters that much to me now.
That sounds quite ambiguous! You have not been able to convince anyone to adopt Bitcoin or you think people are generally uninterested in Bitcoin? What is fact, is that Bitcoin is breaking more borders today than it did yesterday, because many more people are now beginning to see the comparative advantage of Bitcoin relative to the ever devaluing fiat currencies. At that, unending adoption across the globe is a sure thing because people have already had it up to their neck with the government money.
1962  Bitcoin / Bitcoin Discussion / Re: What is BTC for you? on: June 09, 2017, 08:45:45 AM
BITCOIN is fight against centralized banks, printing machines, and corrupt politicians.

bitcoin is a revolution. It's a political statement. It's the best class of asset there will be for next few decades.
I agree with everything you stated above except that of Bitcoin being a political statement! As a matter of fact, Bitcoin has absolutely nothing to do with politics except in the area of reactions and expectations from proponents of Bitcoin in an election. Majority of politicians are likely not going to say much good about Bitcoin, because it simply works against their manipulative tendencies, which unfortunately is their ace with fiat currencies.
1963  Other / Beginners & Help / Re: Bitcoin Purchases on: June 09, 2017, 08:13:37 AM
I have some bitcoins and found a secure way to keep them. What do I do with them now?

Keep them secure and safe.  Open them after 3 to 5 years and you will see how huge is your profit.  And if you want to believe that Bitcoin will be 1m dollar a piece in 5 to 10 years then keep it and wait for that time.  Who knows the person might be correct.
I think it's been a long time. I think we should use it to generate quick profits, waiting just to make us feel depressed.


You may wish to make quick profits, however, it is always accompanied by danger. For business people, they always focus on safety, so some people choose to invest in bitcoin and they wait a very long time. You may feel depressed for that, but safety is always on the rise.
Speaking in terms of safety, there is no guarantee yet that the price of Bitcoin would remain on the increase. As with every other financial asset out there, price do reverse from time to time and with the speculative nature of Bitcoin, one cannot not say for sure how far price can go the other way, before reversing.

What is safe is always to diversify your investment and keep tabs with fundamentals in the ecosystem, 3 - 5 years of HODL is no guarantee still, because price could drop in the 5th year after advancing in the previous years!
1964  Bitcoin / Bitcoin Discussion / Re: Give your child/ren a bright future! on: June 09, 2017, 07:46:09 AM
That would be a bright idea.  Bitcoin price continuously rising and it will surely give you and your kids to have a good start.  But do not rely more on bitcoin.  Try other investment like opening a mutual fund or try to have a share at the stock market along with some investment on bitcoin.  That will surely give you and your kids soon a bright future.
With the possibility of being own bank and room for micro payments, Bitcoin presents a very conducive environment to easily generate and top funds to any savings, one is committed to, be it for the kids or future projects, thus providing  some formidable launching pad. One can't help but struggle with bank charges, interest rates, inflation and of course stacks of money every time, to be able to do same with other investment vehicles.
1965  Bitcoin / Bitcoin Discussion / Re: Give your child/ren a bright future! on: June 08, 2017, 10:32:05 PM
Going to play the contrarian opinion here.  What if your kids end up to be miserable sons of bitches that are unworthy of an inheritance?
If a kid ends that way, it is simply their parents failure because they, the parents are the kids first role models and mentors.
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Don't you think you should see what the tree has produced before thinking about leaving them anything?  Don't you think your kids ought to earn their own money?
You being the one that brought them into the world owe them the responsibility of laying  good and solid foundations, from which they would anchor and build in the future. Just do your bit satisfactorily and have faith in them, some may not make it, but certainly not as bad without any good foundation.

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Don't you think leaving your bitcoin hoard to a worthwhile charity might be the better option?  I'm not a big fan of kids--especially your kids--and I'm even less of a fan of inheritances.
Unfortunately there is no child without parents, even those at the charity homes, so to reduce number of kids in charity homes, parents should be more responsible and not to go chasing money all day, all night!
1966  Economy / Economics / Re: New rich people thanks to BTC on: June 08, 2017, 09:55:04 PM
The price of the bitcoin a year ago around $300 and now the price has reached $2500, if I buy 1000 btc then I get profit 2200x1000 = $220.000, proved that bitcoin made many people rich.

Yes we are the latest elite rich people all over the world though I have attained yet my dream level of riches and still pursuing more bitcoins I hope to one day realize my dream and many others like me too.

I was also the one person who is still a long way to pursue my dreams. I'm sure every year the price of bitcoin will continue to increase so that I will be rich someday

soon we. An be able to be an additional to them ,maybe next year with hard work.
Don't ever think this is the last price, I'm sure the prices will keep going up bitcoin, though has now reached $2590, next month I'm sure prices soon reaches $5000 and never under $2590, so we still have profit.
We know the projection for Bitcoin is very mouth watering and all actually wish it to go to the moon, but what is your basis for asserting, it would reach $5000 within a month time and never below $2590? What could you be seeing that others are not seeing or it is mere speculation following the trend of Bitcoin in recent times?
1967  Bitcoin / Bitcoin Discussion / Re: Bitcoin is useless or is it? on: June 07, 2017, 10:46:59 PM
Yes, I agree with you. Bitcoin is becoming useless as a payment system.
That is from the form of payment perspective, but how about its attribute as a store of value? Bitcoin as at today is fast closing in on $3000, which is quite impressive and can be some palliative to cushion the trouble of having to pay high transaction fees. So Bitcoin cannot be said to be useless as many more people are being made rich these days by reason of Bitcoin unprecedented performance.
1968  Economy / Services / Re: [FULL] YOLOdice.com Signature Campaign on: June 07, 2017, 10:34:44 PM
Payment for 29 May - 4th June received, thanks Ethan-nx and the management at YoloDice!
1969  Economy / Economics / Re: What don't you like about Banks and Banks controlling your money on: June 07, 2017, 08:51:54 PM
I hate the fact they add fees on everything.

Where do you bank? Where I'm at in the UK banking is free and near instant transfers are free too. Elsewhere in the EU you can do intra EU transfers that are almost as fast that cost very little.
Indeed banks are stealth in nature and they so easily add all manners of fees and many of them remain hidden until you make time to scrutinize your bank statement. They are only ready to favor established businesses, startups are usually shown piles of papers and conditions that spells tall order.
1970  Economy / Trading Discussion / Re: Bitcoin Arbitrage on: June 04, 2017, 10:38:03 PM
i can't see the first picture it probably was deleted.
but to my knowledge cryptopia doesn't have a fiat market. so what you are seeing is probably USDT not USD so don't use the dollar sign ($) for its price. and be careful with it because it is an altcoin which should be worth $1 each but sometimes it drops hard.

also make sure to check the size of the buy orders not just their prices.
By size of buy orders, I suppose you are referring to the exchange's daily volume of trade. It has got to be significant to be able to attract abd accommodate more transactions, which ultimately provides the necessary liquidity for seamless buyiing and selling.. In the absence of some significant liquidity, taking a trading position might culminate to a loss
1971  Economy / Economics / Re: How bitcoin can be useful in developing nations like the African continent. on: June 04, 2017, 09:48:40 PM
See, the very first thing that we should understand is that Bitcoin is not any magic stick to change any country or the world. However, it is a financial solution to the limitations in fiat system which eliminates the borders of the nation and hence it creates more opportunities and enables anyone from any corner of the world to enhance their market territory without any controls & regulations. A person from these developing countries can take the advantage of this invention.
Well said! To those who are yet to really catch on, Bitcoin is a revolution, a game changer and leveler. Africa has had a sordid past, yes! No thanks to past leaders/rulers and colonial masters that till date aid them in looting and milking their countries dry. That is the past! The present is that we now have Bitcoin and cryptocurrency world, God bless Satoshi Nakamoto!

With Bitcoin and most cryptocurrencies, the governments are no longer center staged and no one of them can stop it, though they may want to try. This is a veritable turning point in life, especially those left behind. No doubt many might think otherwise just like the days until Ferdinand Magellan confounded flat world believers by circumnavigating the earth. It is never a hopeless situation unless one is looking with other people's eyes.

Some talks here about some countries being too poor and all that is simply diversionary as any problem identified and given the right attention soon get solved. If we get the poorest man from Zimbabwe for instance, who might well be just a victim of circumstance, educate and empower him on Bitcoin for instance - what it is, how to earn it and all that, the rest of his life would seize to have much to do with the worthlessness of his local currency but instead become hinged on the U.S. Dollar or Euro. I personally do not know the exact conversion rate of BTC/NGN, but I can tell what BTC/USD, EUR/USD, GBP/USD , etc are by the minute.
 
That brings us to what should be done - my take is, first step education and empowerment, outright profit making ventures, should come much later. I am fine tuning my very own strategy, starting with my country, but for Greater Africa, I would be in for a synergy.
1972  Economy / Economics / Re: New rich people thanks to BTC on: June 04, 2017, 07:11:56 PM
Probably we already will not see such sharp height of price on биткоин as in 2013. To become a millionaire very temptingly, but what then. I am afraid that in one day a price can fall down and all who was a millionaire will become poor. you present as it awfully. Better always to be in the middle.
For price to drop that low that now millionaires would become poor would take a lot of massive sell-off and it is a wonder what would prompt such a sell-off. The event of 2013 is not as easy to replicate in 2017, because the capitalization and stake holders of Bitcoin have greatly increased making the market not as easy to influence by anyone or few persons.

One thing worthy of note is the fact that the millionaires being celebrated today, back then took the risk of holding those coins, which has paid off these days. Many more millionaires are sure going to be made, while some people even bitcoiners would remain stuck in struggling to get by, because fear will never let them see risk as a prelude to success.
1973  Bitcoin / Bitcoin Discussion / Re: Give your child/ren a bright future! on: June 04, 2017, 06:36:33 PM
To all parents and soon to be parents out there,

Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of.

I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Wink

If you are serious about saving money for your kids' education or future needs, putting that money in bitcoin is an extremely irresponsible decision. You are far better off putting it into index funds and mutual funds, assuming it will be there for 10+ years. The risk vs reward over 10+ years for those funds is extremely favorable and for bitcoin it absolutely is not. This isn't really a debatable topic either - investing in any asset that is less than 10 years old, for a duration of 10+ years, is going to be riskier than investing in something that has had consistent behavior for over 100 years.

I happen to believe that bitcoin has a bright future but anybody who feels confident enough in that to put their children's savings into it is being foolish. Bitcoin investments should be made using money that you can afford to lose.
I think the whole idea of op is not to tie down some Bitcoin for 10 or more years. But rather a move to take advantage of the impressive price surge in the price of Bitcoin as some fund left in some Bitcoin wallet for a year or two can double or even triple and can then be withdrawn  and transferred to mutual funds for instance.
1974  Other / Beginners & Help / Re: Bitcoin Purchases on: June 04, 2017, 05:14:20 PM
I have some bitcoins and found a secure way to keep them. What do I do with them now?
It's better for you to hold them, because bitcoin price increase over the years, so you can get a high profit if you can hold a lot of bitcoin now for the future.  
Personally, I store my bitcoin in my XAPO wallet, it's secure a lot. but the only problem is the fees are too high.
In the spirit of HODL, won't hurt to deposit some into your Poloniex lending account and keep collecting some interest while the moon expedition is on. One good thing is that you can end and pull out your funds without much ado when you want to and worse situation here is if Poloniex goes the way of other exchanges like Mt.Gox, Cryptsy etc, other than that, it is a win-win situation, especially if one is not too greedy.
1975  Bitcoin / Bitcoin Discussion / Re: What is BTC for you? on: June 04, 2017, 04:43:29 PM
Bitcoin is actually a revolution from the debt ridden monetary system, a game changer for the teeming unbanked and left behind population, a leveler and equal opportunity provider. Many here could attest that until Bitcoin showed up, remittance of earning online was a tall order and often times eaten up by outrageous fees and hostile conditions.
1976  Bitcoin / Bitcoin Discussion / Re: Are you using low fees? on: June 04, 2017, 04:23:23 PM
I never tried below normal transaction fee. Maybe im afraid my funds to be stuck and pending in many days. Also i only transfer funds when i really need the fund. And for that i have to put normal to priority miner fee to make it faster and avoid inconvenience. That's a good move tho. But i rather don't transfer the funds than wait for that long.
I am also mindful of what fees I end up paying for the transactions I make and it depends on how quick I may want them confirmed, Sometimes I go with the fastest, some other times I settle for the lowest fees, but never encountered delay beyond couple of hours.

For a long while I have not been using my blockchain wallet, because on one day I calculated what fees I had had to pay all the while I used them, I was astound by the figure that stared at me, Xapo then became my main wallet.
1977  Bitcoin / Bitcoin Discussion / Re: That moment when you buy 1BTC at $2500 on: June 04, 2017, 04:00:35 PM
Buying bitcoins at higher or lower rates don't matter much as you just have to hold on for a little long and wait for the price to go up soon.
Actually what price you end up buying Bitcoin matters, because you never can tell how far it may reverse or for how long it may remain below before it retests or surpass your buying price. The rule of the thump is always to buy low and sell high and buying at just any price would never allow that to be accomplished.
1978  Economy / Trading Discussion / Re: Loss almost 40%, should stop trading or not ? on: June 04, 2017, 01:17:00 PM
Buy on the dip.  People who bought on the last high doubled their money last week.  No end in sight.

Don't be the population be an individual! If the herd zigs you zag. When they panic you buy, when they hype you sell.
It actually becomes easier and a walkover when you are equipped with the right knowledge and skills, because knowledge dymystifies mysteries, but until then a lot of things are not all said and done. Essentially the first thing first, get some good grounding in whatever you set out to do and every other thing would starts to fall into place. Finally, be reminded that quitter never win.
1979  Bitcoin / Bitcoin Discussion / Re: What do you like best about bitcoin? on: June 04, 2017, 12:52:59 PM
All of the positive thoughts about the bitcoin and all of the characteristics of bitcoin is I liked. As a person who go to the crypto world I'm very happy that bitcoin is always strong.
yes i have the same feeling. it is very pleasure that the popularity of bitcoin is increasing from time to time and hope that very soon the users of bitcoin be much more.  i am sure very soon even the the government will accept bitcoin.

Since the popularity about bitcoin is increasing, there is a great chance that bitcoin's price also increase especially if banks and government get to it but before they will accept it I think their will a chance that they will get fees or taxes to it. Being anonymous is also the best for me and they can't stop bitcoin.
Governments cannot accept Bitcoin without wanting it to be regulated, which in fact does the community no good. So the retainership of the ability to be one's own bank, away from the manipulative tendencies of the governmemts and the resilient nature of Bitcoin amongst many hobbists in the cryptocurrency world are a few of the so many reasons why Bitcoin stays  thick for me and no doubt, far many others.

The potential of bitcoin makes it desirable for governments to own it, which is a good way to develop economies of nations. However, for poorer countries, they can not do good management work, if they accept bitcoin, they will face the risk of crime.
No you drifted there! Almost all the governments would prefer their local currency, because if affords them the room to call the shots. Bitcoin however is such a sensation that cannot be ignored or waved away, so helplessly the governments are embracing it with gloves. If anything, the governments are much more interested in blockchain technology, so they could come up with some coins they could readily manipulate as usual.
1980  Bitcoin / Bitcoin Discussion / Re: What to do with the people who don't like Bitcoin? on: June 04, 2017, 12:36:33 PM
Yeah hatred could be due to lack of knowledge and being close minded. If they were people who are close to me, I'm sure they would listen to what I would try to say or explain to them, I will just make sure I will explain to them or educate them in the most simplest possible terms so they won't get confused too.
I agree with you . It all depends on how to recognize bitcoin and how to educate bitcoin to others. When the delivery of bitcoin is easy to understand it will be easier to influence others. Need enough knowledge to do this, we are required to be more careful in doing this.
Truth is, you can always easily take a horse to the stream, but getting it to drink is a matter for another day! Openly declared hatred is not same thing as ignorance, the former is rather a decision reached after some supposed good enough knowledge of a matter, so education isn't really their problem. Incidentally, we gave a number of them even here, they dont like Bitcoin and yet they are promoting Bitcoin based campaigns - who is fooling who?
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