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21  Economy / Speculation / Re: Is it too late to buy bitcoin? on: October 01, 2017, 07:13:50 AM
Even the blind can see that crypto Currency is making people millionaires all  over the world just because they present the holders of such currency with the financial freedom and opportunity to accrue large amounts of wealth base on currency investment . But my question is that, is it late to buy bitcoin? Should i wait maybe bitcoin price will decline after 1st August meeting? Please i will welcome your advice so that I can make my decision on crypto currency investment.

This is following typical stock trends bc dedicated investors have entered the market hence the seeming stability. We will hit more plateaus now with small divot but the fall will only follow a large rise here on out. Now if u read solid intellectual news on the bitcoin falling, like outlawed across the US and other nations then panic dumping is worth pursuing. For now it is best to hold position. I predict btc to hit 5k by end of year or beginning of quarter 4. With next year seeing 7.5k with 10k being dependent on global assimilation.
22  Bitcoin / Bitcoin Discussion / Re: What do you think? on: October 01, 2017, 07:11:41 AM
Do you think the richest families or personalities in the world would be interested in using bitcoins??
And if so, would that be a good thing for us small people or negative??
I mean rich people are capabale of so much things, so it makes me wonder..

I don't think so, Because for reach people we know they have business which is if we think so big they have owned some business and properties and they get income there so they don't need or they will not get interested in bitcoin. For them internet is just a tool for their business and for socail hobbies. There are so much thing for them to do than getting interested in bitcoin.
23  Economy / Service Discussion / Re: GPU vs ASICs ? (India) on: October 01, 2017, 06:50:06 AM
I was hoping to order ASICs miners but in every official site it is either out of stock or does not ship to my country (India).
And sites like ebay and amazon sell them for insane prices like around 3x or 4x their original price.
I see a lot of youtube videos using multiple GPUs for mining( like 6 or 8 )...So i was wondering if these people use GPU setup just because they cannot get their hands on an ASIC miner or do they see any benefits from GPUs?
If anyone has any links to legit websites that sell ASIC miners...Ill be pleased to visit them.
On the other hand if i should build a GPU mining setup, can someone experienced help me setup the rig?
And also what are the advantages of having a GPU mining setup over an ASIC miner?
And besides, electricity cost is cheap here..so there is no worries about it.

Mining with an ASIC is synonymous to turning up to a gold mine armed with a trowel and a Bunsen burner. Mining with GPU is like trying to do the above in your back garden. It’s simply not worth it. You’re up against several orders of magnitude faster kit. y the time you make back money for the machines and the immense power you need to keep adding as difficulty increases it ends up a losing battle or a barely profitable battle unless you have tens of thousands to spend on gear and free electricity so buying and holding ends up better. If you were mining years ago when less people were doing it and difficulty was much lower you could have bought heaps of gpu's and made a mint, now companies spend millions on mining so unless you can also it will not be worth it in the long run.
24  Economy / Speculation / Re: Bitcoin is a bubble on: October 01, 2017, 06:38:50 AM
"Bitcoin today you can't make much transactions in it. You can't spend it very easily ... Bitcoin is a bubble," Ray Dalio said on CNBC's "Squawk Box" Tuesday.
It's not an effective storehold of wealth because it has volatility to it, unlike gold," Bridgewater Associates founder tells CNBC.

What can you say about it  based on you own point of view?

The Idea Behind NVT Ratio

In traditional stock markets, price-earnings ratio (PE Ratio) has been a long standing tool for valuing companies. It’s simply the ratio of a company’s share price to its equivalent earnings per share. A high ratio describes either over valuation or a company in high growth.

What would be the equivalent in Bitcoin-land? We have a price per token, but it’s not a company so there are no earnings to do a ratio. However since Bitcoin at its essence is a payments and store of value network, we can look to the money flowing through its network as a proxy to "company earnings”.
25  Economy / Marketplace / Re: Selling ideas on: October 01, 2017, 06:08:27 AM
Hi all . I have couple of ideas that I think is good .I not have the money or the skills (programing etc ...) to develop them  .So is there  any trusted place/one that i can offer them my idea and if they like they buy it or put it in work and give me % something like that.


Thanks in advance.

Yes there are many online job site out there. you can google it. And here in this forum go to services section maybe some threads there need your skills. You can offer your skills there many people here need some people that have skills that they need for their project. It's like homebased job man they pay you for the work I think I read so many offers in services section you can visit it.
26  Economy / Economics / Re: Why Should I Choose Bitcoin ?? on: October 01, 2017, 05:56:49 AM
Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, but many people still don't understand why they should make the effort to use it. When you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster. There are no chargebacks once bitcoins have been sent, they’re gone. A person who has sent bitcoins cannot try to retrieve them without the recipient’s consent. This makes it difficult to commit the kind of fraud that we often see with credit cards, in which people make a purchase and then contact the credit card company to make a chargeback, effectively reversing the transaction.
27  Bitcoin / Legal / Re: Legal bitcoin or illegal bitcoin on: September 29, 2017, 06:14:57 PM
Can you guyz vote if what are we doing now is legal or not
Coz these can be a serious like having a marijuana or drugs in our pockets
 
And if these bitcoin became a currency i think it will be have a tax and
Why do we eager to earn virtual money than real money.. simply because the rate is higher than the real ones and it is easy to earn if i am not mistaken😎

What you guyz think

Newbie

We know that in some country bitcoin is illegal and some country legalize bitcoin as their alternative currency. I don't why bitcoin is illegal in some country in asia maybe because crypto currency is a big threat to national banks and local banks that's why they banned bitcoin. But for me, as long as you know that you earn your bitcoin in a good way or by working with it I think there no problem with that as long as you exchange it to a legal exchange site to convert it to real money.
28  Bitcoin / Development & Technical Discussion / Re: Safety of the Lightning Network on: September 29, 2017, 06:09:16 PM
Good day all  Grin

I want to know your thoughts on the safety of the lightning network. I would like some consolation and clear up some misunderstandings.


If I sent a lightning network transactions off-chain and it is confirmed, what is there to stop me sending the on-chain transaction to another wallet I own. When the lightning network channel is closed, then it is no longer available?


Sorry if this sounds stupid Smiley

The Lightning Network is currently under development. It will become a decentralized network that enables instant off-chain transfer of the ownership of bitcoin, without the need of a trusted third party. Lightning is open source. Anyone can review the code (in the same way as the bitcoin code). If anything goes wrong, you simply broadcast the latest state of your channel as a normal on-chain bitcoin transaction. All your money will be returned to your address, and it will be recorded on the blockchain as normal.
29  Bitcoin / Legal / Re: why bitcoin illegal in asia? on: September 29, 2017, 06:06:06 PM
bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks

China has issued a few notices with respect to the utilisation of Bitcoin. These announcements have had a huge effect considering China is one of the biggest Bitcoin showcases on the planet. There are no official rules as of now. It appears that China would like bitcoin to stay as an “afterthought” sort of thing. In an announcement on the national bank’s site the People’s Bank of China stated that monetary establishments and installment organisations can’t give estimations, purchase and offer bitcoin, or protect Bitcoin-connected items. On the 6th of March 2014, Bangko Sentral ng Pilipinas (BSP) issued a statement on risks associated with bitcoin trading and utilisation. Bitcoin exchanges are not regulated by BSP at present times. BSP will be monitoring the possibility of Bitcoin usage in money laundering and other illegal purposes.
30  Bitcoin / Legal / Re: Taxes on bitcoin? on: September 29, 2017, 06:01:22 PM
If I were to sell property in a different country and the buyer were to pay me in bitcoins, would there be any taxes to pay? And when trading in the bitcoins for UK GBP, would there be any taxes to pay then?  Smiley


Whenever bitcoin is bought, sold, or traded, there are tax impacts. When it comes to taxes, the Internal Revenue Service has ruled that bitcoins and other "convertible virtual currencies" are "treated as property" and not treated as currency. Virtual currencies are property for tax purposes. That means, you'll have capital gain or loss when disposing of virtual currency. Business transactions as well as selling properties in bitcoin are subject to all the normal rules for sales tax, withholding, and information reporting.
31  Bitcoin / Legal / Re: Cryptocurrency regulation? on: September 29, 2017, 04:52:36 PM
No doubt about the future of fiat money: it's gonna be replaced by cryptocurrencies.
But does virtual money need a REGULATOR?


Yes OP. It should have Regulator. Sixty-three percent of countries have favorable or mostly favorable regulation of cryptocurrencies out of 60 states studied. This is a very good sign for the industry. Still there is a lot of room for growth and diligent work with regulatory bodies to make cryptocurrencies widely acceptable. Cryptocurrencies are digital assets. The population has to be familiar and willing to accept digital money in everyday life. The countries have to have proper governing bodies willing to embrace new developments and technologies. Those with poor regulation are more concerned with the existing matters and tend to ban cryptocurrencies as something new and possibly difficult to regulate.
32  Economy / Speculation / Re: What do you think about the future of bitcoin? on: September 29, 2017, 04:44:38 PM
Due to the forbidden of bitcoin transactions in China, what do you think about the future of bitcoin? Will it be banned?


China's ban on Bitcoin and other cryptocurrencies may be temporary, to appease international agencies and hardcore communist members ahead of the upcoming Communist Party convention. China's big government and banks cannot tolerate Bitcoin. It threatens their very existence, as it was previously written in a piece here. That's in the long term, though, when Bitcoin has the potential to replace the yuan in everyday transactions, and as a monetary asset. At present and in the immediate future, however, the size of the Bitcoin economy is far too small to be a real threat to the Beijing government and the banking system it owns and manages.
33  Economy / Marketplace / Re: Internet Marketing on: September 29, 2017, 04:39:01 PM
i am starting marketing for my product . i want to know about internet marketing.is true internet marketing = making money How to succeed in internet marketing?

If you’re trying to sell products and services online, you’re probably looking for that one magic key to make your business work. Be sure and maintain a long list of content ideas, so you’re never at a loss when it’s time to knock out a post or a podcast. You have to know what your main goal is, have a plan to achieve it, and then act on that plan. It isn’t really a secret, but it does take work.
34  Economy / Marketplace / Re: Trading VS Bitcoin! on: September 27, 2017, 10:02:54 AM
Hi Folks!


Who do you think is profitable Trading bitcoins for other payment method or mining them?

Everybody feel free to reply you're free  Smiley

It depends on the budget that you have. But this two trading and mining can get profit but the easiest way is to mine them. Why? because in trading you must have the skill in marketing yes you must have that to get good profit on trainding. And for mining you just need to invest for mining rig to start mining this is the easiest way because you just have to wait your profit everyday you dont have to do something.
35  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be used by ordinary citizens? on: September 27, 2017, 08:56:28 AM
Bitcoin is usually used by people interested in technology. I mean, persons with a certain technical knowledge are interested in bitcoin.

My observations are that way. I think Bitcoin needs to reach larger quantities. Can use bitcoin in people who are not interested in technology?
Can people use the bitcoin in the profession group like tradesmen, teachers, housewives, firemen, butchers? Are we going to see the days that these people use bitcoin?

Basically speaking yes all of us can use or earn bitcoin. We know that this is the part of a technology that has unlimited upgrade each day. Also most people know about technology yes they know but the sad truth is that their state of life can't reach the techonolgy and what is going on now in the cyberworld because one reason is that financial issues they can't buy gadgets atleast basic gadgets for the need to earn bitcoins. Yes they know those gadget but they chose to focus to live their lives on the stage that atleast they are eating atleast once a day. Many of us are lucky because we have enough money for the techonology and that's the reality sometimes who is not interested in technology.
36  Economy / Economics / Re: If you have a lot of bitcoin, should you spend it or save it? on: September 26, 2017, 02:55:37 AM
Let's say I have 2.1 BTC And I don't spend it. Will it go up a few cents if I save it? Cause in my wallet I have up to about 50 cents worth of bitcoin. I started up with 13 cents 7 months ago. Now all of sudden I have bitcoins worth 50 cents. What do you call this? I only made that one 13 cent deposit. Nothing else!

If I have a lot of bitcoin, let's say I have 10 bitcoins what I do is I will exchange half of that to my local currency and then put it to my local bank so that I have saving for future purposes then the other half I will go for trading,lending and etc whatever ways I can do to make a profit with it. We know that bitcoin nowadays is getting harder to earn so think wisely and better to saved half of them for future purposes.
37  Bitcoin / Bitcoin Discussion / Re: What if Bitcoin mining becomes illegal world wide? on: September 26, 2017, 02:36:56 AM
Will that be an end of bitcoin? If all mining operations becomes illegal all over the world. Why authorities are against bitcoin mining?

Lets discuss


In most cases, bitcoin mining is perfectly legal. In a few countries, however, bitcoin mining, as well as the possession and use of bitcoin is illegal. If you live in North America and most of Western Europe, bitcoin mining, as well as possession, is not only legal, but local regulatory frameworks actually provide certain protections and basic oversight. Sometimes, people falsely believe that bitcoin mining is like counterfeiting money, but this simply isn’t true. You’re not creating fake duplicates of a national currency, but instead creating an entirely new currency. By and large bitcoin mining is a perfectly legal activity. Even in a few countries that do regulate the use of bitcoin, such as Iceland, mining bitcoin is still legal. Many countries, including most African countries, have not passed any legislation for or against bitcoin, and have generally remained silent on the issue. It’s important to keep a close eye on these countries, because the regulatory environment could change at the drop of a hat.
38  Economy / Services / Re: 🤖 Synapse Signature & Avatar Campaign [HUGE PAYOUTS] 🤖 on: September 23, 2017, 10:40:08 AM
Bitcoin Talk Name: doublebit21
Bitcoin Talk Profile: https://bitcointalk.org/index.php?action=profile;u=838718
Rank: Full Member
Post Count: 190
BTC Address:  3PXCjuS8i1PjDfMxWeHBNuSXBeLKoTa8Rd

Done with Avatar, Personal Text, and signature. Hope you will accept my application manager.. Thanks in advance. Smiley
39  Economy / Services / Re: BLOCKv - The foundation of the Virtual Goods Economy | Signature campaign [OPEN] on: September 22, 2017, 12:13:15 PM
Bitcointalk Username: doublebit21
Rank: Full Member
Current post count: 189
Bitcoin address: 3PXCjuS8i1PjDfMxWeHBNuSXBeLKoTa8Rd
40  Economy / Economics / Re: bitcoin provide income on line? on: September 21, 2017, 10:52:29 AM
many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?

There are so many online jobs out there that offering a pay with bitcoin. Online jobs provide a work and then your salary is bitcoin. Some others do mining and that's totally a different way because mining lets you earn money without doing anything because miner do the works for you. You just sit sleep and wait for your income. Cheesy
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