Bitcoin Forum
May 24, 2024, 02:57:47 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 [105] 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 »
2081  Economy / Economics / Re: Bitcoin trading strategy on: May 28, 2015, 04:42:17 PM
Having a good timing make your buy and sell success. Because you can't predict when the prices is going to fall or rise.

An oft-repeated claim in the equity markets is "never try to time the market".
This might be valid in the bitcoin space as well. Systematic investment, over the long run, could yield results.
2082  Economy / Economics / Re: Bitcoin as a Retirement Account on: May 28, 2015, 01:04:56 AM
Well everyones right answer would be diversify, but the question is how much money do you even have to begin with?

You cant be really helping yourself if you diversify only a small principal amount.

That is why people talk about "percentages".
The amount does not matter, what matters is the proportion of your surplus/net worth you invest in Bitcoin.
2083  Economy / Economics / Re: bitcoin investing on: May 28, 2015, 01:02:44 AM
so, what id like to do is invest bitcoins to a stock or mutual fund account, but am not sure the best way to go about it. any tips/advice?

I don't think there are any bitcoin mutual funds, yet.
Buy and hold strategy with respect to Bitcoin is more popular, than investing it.
2084  Other / Politics & Society / Re: Bin Laden's porn stash will not be released on: May 26, 2015, 01:08:48 AM
Yeah, you would think they would release the details if not the actual porn just to make him look bad.

By stating that he had a huge stash of porn, they already are making him look bad.  Wink
2085  Economy / Investor-based games / Re: Why are there no legitimate HYIPs? on: May 26, 2015, 01:03:55 AM
Yes this is an old topic, but I want to add my 2 cents.

All of the high yield investment plans on this here chat board are all frauds BECAUSE...the morons who advertise such things here have no idea how to manage money and certainly couldn't guarantee the yields they promise any other way than through a Ponzi scheme.  Yes it is certainly possible to earn high rates of return on your money.  It just isn't going to happen by throwing your hard-earned BTC at anyone advertising here.  This board is full of cretins and idiots and scammers.  Anyone with a legitimate plan to earn a high % ROI is going to do it through legitimate channels.

High returns are one thing, impossible returns are another.
I am always skeptical when schemes promise to double your bitcoins in a few weeks / months.  Wink
2086  Economy / Economics / Re: US Dollar collapse in 2015? (2) on: May 26, 2015, 01:01:07 AM
Considering swiss frank was collapsed few month ago i dont see why something similar wont happen again.
But with dollar i dont think so most stable value so far.

Swiss Frank didn't collapse.  Shocked
It appreciated like crazy after its artificial peg to the Euro was removed.
2087  Economy / Economics / Re: Question for those who bought/mined BTC when it was mere pennies & held strong on: May 25, 2015, 04:54:38 PM
So many investors think in the 'all or nothing' mode when calculating ROI. There is a system for taking profits while staying invested. Think of it as reverse dollar cost averaging. Will you maximize the total amount of ROI if you hit the peaks and valleys? NO... but you will average your Peaks and Valleys and in the case of BTC, that should have been pretty good. (So far)  As to picking your End Date for your investment. I'd suggest you'd look at a point where bloat will be detrimental to the efficiency of the system. IMHO...

Very true. I plan to have a systematic divestment plan too.
End date can be far, far in the future...
If you miss it, your kids get the bitcoins as an inheritance.  Smiley
2088  Economy / Economics / Re: Gold Losing It's Shine? on: May 25, 2015, 04:50:55 PM
People are attracted to gold because it acts as a hedge against inflation.
Right now, inflation doesn't seem to be a worry.
2089  Economy / Economics / Re: Is it better to save money or invest it? on: May 20, 2015, 04:00:17 PM
Save money is a bad idea, it like you lent your money to rich people, and make them more richer. Find a right way to invest your money, you can earn more.

How the hell is saving money a bad idea? You don't have to keep it in a bank, and investing your money just for the sake of it is a good way to lose it all especially if you don't know what you're doing.

There is the argument that people must go out and spend to get the economy going again.
That is the only reason that the government may not like people to save a lot. It definitely is not a bad idea for the common man.
2090  Economy / Economics / Re: Ernst & Young: Cryptocurrencies are a great innovation! on: May 20, 2015, 03:57:54 PM
Singapore-based Ernst & Young LLP Partner Jan Bellens believes "cryptocurrencies are a great innovation with great upsides for the long-term," as long as the two keys issues, named as security and KYC, get resolved in the short-term.

Security is an issue all users are concerned about. KYC is an issue all governments are concerned about.
KYC is a non-issue as far as users are concerned. If not, cryptocurrencies like Dark coin won't be around.
2091  Economy / Economics / Re: While banks keep failing, Bitcoin has proven to be reliable on: May 19, 2015, 12:09:04 AM
Why are you comparing Bitcoin with banks?
Bitcoin is a currency while banks are corporate entities?
You should compare Bitcoin with failed currencies.

Alternatively, you can look at the failure rate among Bitcoin exchanges/companies vs banks.
2092  Economy / Economics / Re: US Dollar collapse in 2015? (2) on: May 19, 2015, 12:06:16 AM
I don't think US dollar will collapse in 2015. US dollor in the rising time, it will break 100 in the end of the summer.

I agree that the US dollar won't collapse in 2015. Its demise will be slow and gradual in the future.
What is the 100 you are talking about?
2093  Economy / Economics / Re: Why is Bitcoin still a slave of Fiat? on: May 17, 2015, 03:51:07 AM
There are few things in which bitcoin can never replace fiat. Like paying loans and interests to the bank

What would stop you borrowing bitcoins from people that have saved bitcoins, and paying them back with some interest ?


From people - yes; from banks - not possible right now.
Banks are regulated and only when the government decides to have bitcoin-denominated accounts, will it be possible to get bitcoin loans from banks.

An apt example for things in which Bitcoin may not be able to replace fiat is taxes.
2094  Economy / Economics / Re: Bitcoin value in the next future 50 years- rubbish or global currency? on: May 17, 2015, 03:45:46 AM
i think when you imagine for 50 years, its to early for now, cause when look from 2009 until now, rate, difficult, and block are change and its to much if btc can survive until next 50 years, im predict maybe for 10 until 25 years btc gonna be survive 

It is very difficult to even predict for 5 years.
If you ask people who were involved with Bitcoin early on, I doubt if they would have foreseen the rise to $1000 or fall to $200
2095  Economy / Economics / Re: money laundering on: May 16, 2015, 06:13:18 AM
Is the dirty money in BTC?

If that is true, laundering should be very easy.
Just send it to one of the mixers around and then tracing the origin of the funds will become very difficult.
2096  Economy / Economics / Re: TRADITIONAL ECONOMISTS FEARING THE WORST. BUY BITCOIN NOW ? on: May 16, 2015, 06:02:46 AM
stock markets are at all time highs, or very near to them.  They have risen over 100% since the last recession, even though most economies aren't doing well.
It's been about 5 years of near uninterupted gains, yet interest rates remain at or near zero and actual employment numbers are poor.

It is all QE driven. That is why whenever there was some positive news (like improvement in employment data) during QE, markets crashed because they were afraid that QE might end.
2097  Economy / Economics / Re: Tax & Hoarded / Hodl Coins on: May 15, 2015, 03:05:59 AM
It all boils down to the country you are in

- When Satoshi mined those coins, they were worthless and there probably is no tax liability attached to that event.
- Some jurisdictions have a wealth / asset tax, apart from income tax. So if the total wealth of an individual, exceeds a threshold amount, there could be a wealth tax involved.
- On the sale / spending of bitcoins (barter transaction), there could be capital gains tax involved.
2098  Economy / Economics / Re: TRADITIONAL ECONOMISTS FEARING THE WORST. BUY BITCOIN NOW ? on: May 15, 2015, 03:01:37 AM
In a recession, asset prices tend to plunge. Bitcoin is still looked at by most people as some sort of asset/investment. If this mentality continues, Bitcoin's price too could plunge during a recession.
2099  Economy / Economics / Re: when there is a fair game online , will the offline market become smaller? on: May 14, 2015, 03:43:07 PM
a. The VIP drinks are FREE at the casino, what do I get for FREE when I play online.

There are bonuses paid out to regular gamblers at various sites.

b. I like to socialize with REAL people, and I will not get the same experience online. 

The community feeling can be quite strong in the online world. You can grow to like / respect people in this forum as well. You don't have to necessarily put a face to a name.

c. The online gambling sites are not regulated, so I do not trust them to play by the rules.

Here, I think they are really making a mistake. If you stick to sites which are provably fair, they definitely are playing by the rules. There is a higher probability of offline casinos cheating.

d. The security of my money is higher at a casino, and the risk of online sites running or me being hacked is higher.

This is probably true. Give the fledgling online industry some time and we may see better security measures coming in.
2100  Economy / Economics / Re: Bitcoin as a Retirement Account on: May 14, 2015, 03:37:08 PM
Inflation of fiat money is exactly the reason you should use bitcoin as retirement savings, since it is anti-inflation, or even better, deflation. Its purchasing power would increase long term wise. A 100% increase in 4 years time frame seems to be guaranteed due to reward halving every 4 years

I would be disappointed if Bitcoin just managed to hold its purchasing power or increases marginally in the long term. I would put aside a small amount of money, be willing to take a hit if it disappears, but also expect a substantial return if it takes off. With large scale adoption, Bitcoin's price can take off and we as reasonably early adopters, may be rewarded.
Pages: « 1 ... 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 [105] 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!