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$16,180 as per today's Bitcoin price is doable in 2-3 years for people with a normal 9-5 job in countries with average living standards. The big problem is if people would actually want to spend that kind of money on something as uncertain as crypto currency. Bitcoin might not be around in 10 years from now. Do you have proof that it will exist for decades to come? We all have beliefs, not evidence.
Call it wishful thinking fueled by our own greed.
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Do you think the Chinese will get more bullish after the Chinese New Year in January? I think the price could shoot up past $1000 early in February no joke. The Chinese are the main moving force of Bitcoin at the moment. Go China go  |
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Some people mine for the experience and because they find it fun even though it's not as profitable as buying cryptos and holding until the price is right. I haven't used desktop computers for more than a decade and when I found out about Bitcoin I tried to figure out mining on my own and tried some on an AMD-based laptop I had at the time. I wasn't in it for the money but for the experience and to understand how things worked. I guess most of the casual miners are like that.
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I knew it! Leicester City were going to upset Manchester City tonight and oh boy what a thumping that was I didn't have the balls to take Leicester to win and missed on around 5.00 odds and went for 1X instead. Well congratulations to any brave gamblers who have had Leicester ML on their betslips. |
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I recommend the service of roslinpl for creating signatures for the needs of your campaign. His designs are top-notch and some of the most eye-catching here on the forum. You could check out his portfolio and contact him here: https://bitcointalk.org/index.php?topic=896707.0 |
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Just a heads-up about the Leicester City - Manchester City game: Ranieri used his B team vs Porto and even though the game was lost there were a lot of substitutes on the pitch. Now I think Leicester will have better chances against City when the first team is out rested and ready for battle. I have a feeling Leicester won't lose this game today. 1X is a super nice bet with great odds if you ask me.
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What I found interesting is that the European Central Bank refused to delay the matters any more and prompted the Italian government to clear their own mess by bailing out the troubled bank themselves. But if a big crash is really coming the ECB will surely step in and provide a big cash injection to stop the fall.
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I am not eligible to fill in the survey but I am very curious to know what exchange this is. Are you allowed to divulge its name or it has to stay a secret for now? Is it based in Europe or?
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It's like getting welfare if you are living below the poverty line. But in order to distribute this basic income to unemployed people the government have to raise taxes for everyone else who is employed and they will be paying higher taxes to support the unemployed . I think the OP is disgruntled with how everything is getting more expensive in Finland due to this social security program.
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But we could exchange cash for coins and vice versa off the grid and don't raise suspicion by buying awfully expensive stuff, right? We could keep the fiat under the mattress and use it to buy expensive vacations once a year for example. Will this raise a red flag as well? I suppose the problem is when we commit to digital fiat purchases which leave trails while doing cash purchases is kinda less inconspicuous isn't it?
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The Chinese are industrious people who have a knack for making money out of everything they touch. They have realized they could use their cheaper manufacturing facilities to churn out cheap Bitcoin mining tech allowing them to become the Bitcoin capital of the world. Then the Chinese exchanges picked up steam getting fed a lot of coins from the regional production and kept the ball rolling. It has nothing to do with politics or finances because this is the result of better economic climate in the country towards crypto currencies and trading. China have always copied the Western industry and now they have struck gold with Bitcoin because they can out-mine and undercut us.
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I have set a weekly bankroll and I maintain a strict bank management. At the end of the week I withdraw any winnings that I have gained throughout the week and continue to play with my initial bankroll for the next week. If I have been out of luck and have gone to negative profit I will just replenish my bankroll and go for another try. Playing with the whole bankroll + the profits is a recipe for disaster and sooner or later you might go bust after a losing spree.
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Governments could kill Bitcoin with taxes Every single online Bitcoin exchange would require some kind of an ID to process withdrawals. There is no way escaping this audit process unless you try to exchange your coins or cash in person. You meet likeminded people looking to sell or buy coins or cash. You meet up in the real world and trade your goods under the table. Your government won't know about your secret business and can't tax you for your profit. Peer-to-peer underground exchanges will thrive. |
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That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.
How likely is that?
Any government or big banks can easily buy all the bitcoin currently in supply, there will be lots of hurdles for them to do this but this doesn't mean it is impossible. Also i don't see any incentive government/bank will have doing this. Satoshi himself and many other big holders seems holding their bitcoin quite tightly not because of fear you have mentioned for sure. Talking about satoshi he will not move any single bitcoin from his known addresses because that can destroy whole bitcoin market due to fear and talking about other big holders they are just holding it as good investment. Some of them keep on cashing out profit which can't be noticed from outside because that amount is really low to make any significant move on market. I think the key to controlling Bitcoin is not by buying out huge amounts of coins but by controlling the Bitcoin network itself. If they can shutdown or manipulate the Bitcoin network people will try to bail out and panic sell all their coins. Then the Bitcoin price will crash to the rock bottom and the government will sweep up all coins for pennies on the dollar. Going from decentralized to centralized overnight. How to shutdown or manipulate bitcoin network? People who have faith as big holders/miners/developers/founders won't let it happen, that's why bitcoin could last till now. And why the he*l any government will do that to clean up bitcoin out of market, I don't think so. We would be fine as long as bitcoin doesn't harm financial economics of the countries. How to shutdown the Bitcoin network? Anyone with enough resources could muster up enough hashpower to effectively launch a 51% attack and cripple the Blockchain. One could hijack the Bitcoin core team and force them to alter the code. One could outlaw Bitcoin and jail every single professional miner in the country. One could crash the market and make all holders sell their coins and quit. The list could go on and on. The world order lets Bitcoin fly right now because it's not such a big threat. Yet. They can always pull the switch and no one can stop them. |
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This basic income will be paid every month to unemployed people who are currently on welfare benefits. It will be a test project and will only be available for a randomly chosen group: Finland is about to launch an experiment in which a randomly selected group of 2,000–3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support. The pilot study, running for two years in 2017-2018, aims to assess whether basic income can help reduce poverty, social exclusion, and bureaucracy, while increasing the employment rate. I think it will have a positive effect on the employment rate  But perhaps the Finnish government will have to raise the taxes in order to collect more money to give away to jobless people. |
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Can we use the deposited Bitcoins on websites that accept Skrill payments? And does Skrill offer a virtual debit card like Neteller does? I am looking for a cheaper way to purchase fiat goods with Bitcoin and also withdraw to my bank account with less fees.
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for real but they said they're going to continue using bitcoin for settlement and they'll host a bitcoin wallet still. it's the btc/fiat buying and selling that's gone.
But is there a statement posted anywhere that explains their decision behind this change? I couldn't find anything on that support page on Circle. I would assume their business plan with Bitcoin has gone south and they have lost customers or something and it's not profitable any more to invest in the Bitcoin infrastructure. Or is there something else? I would love to read an official statement about this. Edit. I found it: https://blog.circle.com/2016/12/06/spark-new-markets-app-messaging-and-bitcoin-changes/In a nutshell, Circle are building fiat-to-fiat social payment platform that is going to run on Blockchain technology. Yeah guys, vanilla Bitcoin Blockchain is dead. The future is fusion. |
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Damn Circle abandoned Bitcoin for real? I have been out of the loop for a while and just noticed the big change. I couldn't completely understand what Circle are going to do now. It says on their site that they are going to move different currencies around with no fees whatsoever and they are developing a social payment app. So does this mean that Circle won't be a fiat exchange any more and will transition to being a fiat payment processor?
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I bet this move will appeal a lot to students who have been mining Bitcoin and now probably running alt coin rigs at home. It would be great to be able to pay your tuition and degree certification fees without having to work a normal 9-5 job, wouldn't it? Now students can focus more on their studies and also take care of the fees themselves and not be financially dependent on their parents.
Oh and Bitcoin gets more exposure and media time. That's what I call a win-win scenario.
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NitrogenSports probably have the most Bitcoin high-rollers when it comes to sportsbetting. I have seen people betting hundreds of BTC in the span of days. By the way if you check the leaderboards of Sportsbet.io you will see some people have bet more than 150 BTC but how much have they lost while accruing those points? There are early adopters with hundreds if not thousands of coins and there are also wealthy people with successful businesses or high-paying jobs who perhaps prefer to gamble with Bitcoins. My point is, some people can afford betting and losing so much because they have the cash |
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