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2121  Economy / Speculation / Re: I AM HODLING on: June 12, 2016, 10:46:21 AM
Just think twice if you want to hold them dont be so stupid as every other person. Why do you think the price of a bitcoin wont rise allot because everybody is holding their coins of coourse.

Not really. That is pretty illogical.

If everyone is holding this would reduce the total coins that is in circulation, which would reduce the total coins that is available for sale. It's simple supply and demand from there. Bitcoin would go up if everyone holds.
2122  Economy / Speculation / Re: Big dump just started on: June 12, 2016, 10:45:28 AM
In time to celebrate new high for the year at 624, they are dumping now.

Well it's your usual bullshit again. I think we're all getting used to your weekly bullshit that is not even backed by anything.

Where is your proof that they are dumping? I don't know, but the markets says that it's going up by even further. The price is currently $640 already, if you still have realised Mr. Talks Cheep.
2123  Economy / Speculation / Re: Finally 4000 CNY / $600 on: June 12, 2016, 10:42:27 AM
It seems like we waited ages for it (in fact only days) but we finally broke through 4000 CNY and $600 again.

This feels really like a great milestone (even though it's mostly psychological, but markets are largely psychological).

Not sure if this will hold, but either way it's nice to see this rally still has upwards momentum even after a couple of 'sideways' days.

You're right in the sense that markets are psychological, because people are heavily influenced by the outer world while making their decisions. If their mood is bad, then they're likely to sell.

But I think the markets are bullish right now. I think this price level is gunna hold.
2124  Economy / Speculation / Re: Deal with your problems by becoming rich with r0ach of Bitcoin on: June 12, 2016, 10:40:41 AM
Some people are just salty that they didn't buy bitcoin earlier when r0ach warned them about what was going to happen. They held onto their altcoins, and made way less profit than they would've.

So yeah, now they're spreading FUD as usual...
2125  Other / Off-topic / Re: Bitcointalk is a good way to get information about Bitcoins? on: June 12, 2016, 10:39:29 AM
Do you think that Bitcointalk is a good way to get knowledge and information about Bitcoins?? because Bitcointalk is very useful for me to get information about Bitcoin.

Definitely. Bitcointalk is one of the best sources of bitcoin news. Although it is not officially a news site, there are still press releases posted on here, as well as meaningful discussion about BTC.

You can also get your news about bitcoin from cryptocoinsnews.
2126  Economy / Speculation / Re: If bitcoin dropped to $1, what you do? on: June 12, 2016, 10:37:48 AM
If Bitcoin dropped to $1, I would buy all the Bitcoins I can afford.

buy as much as possible it is a good choice, but remember that you have to play fast, like doing a fast trade. because it certainly will not last long, when the price increases will fall back

Oh absolutely, law of supply and demand. However, this post is based on a parallel universe

Well, there are always supplies and demands that affect the BTC price, however, the majority of the price changes I believe is not from raw supply and demand, rather it's from leveraging.

If bitcoin dropped to $1 it would say something about the system being non functional. So I wouldn't buy any non functional currency.
2127  Bitcoin / Bitcoin Discussion / Re: ? How To Respond To Someone Who Is Anti Bitcoin ? on: June 12, 2016, 10:36:11 AM
just ignore them,people with such thinking has been brainwashed by themselves cause they're such a denial person,explain bitcoin to them is such a waste time cause they just consider its as a bullshit even you're honest,bitcoin still alive without them tho

Yeah, I doubt you'll change their minds however you try to explain bitcoin to them. Some people just want to watch the world burn. They can't be bullied, bought or reasoned with.

Bitcoin will still be functional with these haters, and without these haters. They don't matter to us.
2128  Other / Beginners & Help / Re: Doubling Bitcoin? on: June 12, 2016, 10:34:36 AM
Bitcoin doubling is very risky, its hard to double bitcoin safely it always have a risk, Just try to save your bitcoins in your wallet and wait for bitcoin halving. and wait for profit to  come

Yep, waiting for halving to come and selling it when it's close is the safest thing you can do with your coins at the moment. The halving is an excellent opportunity for all bitcoiners out there.

Already seen a few pumps today Cheesy
2129  Other / Politics & Society / Re: Muslim Bitcoiner on: June 12, 2016, 10:30:43 AM
Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks Grin Grin Grin

Certainly a lot of scams out here in the bitcoin world. definitely do your research before you invest in any of the investment companies. If it sounds too good to be true, then it probably is.

Bitcoin promotes multiculturalism as well, so there is no discrimination against any race or religion.
2130  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving Party 2016 on: June 12, 2016, 09:10:38 AM
Do you have any plans for the evening Bitcoin halves?

If reading this retrospectively, what did you do the day of bitcoins halving?

Not really. I don't really celebrate after anything lol. It's nothing about bitcoin halving that is wrong, it's just my habits. Also, the price may drop after the halving since the hype goes off. Nothing to celebrate if it does.

But I'd always like a beer Cheesy
2131  Other / Off-topic / Re: bitcoin affects life a lot on: June 12, 2016, 09:09:31 AM
I think it would be adverse consequences and the positive effects that you generate from bitcoin. it depends on your usage and your use in bitcoin. if you always think positive then bitcoin will provide a positive effect on your life.
you have to be clever in this regard dude

There are lots of people who use BTC for the sole purpose of buying drugs or other illegal services. This is very bad for themselves and the general image of BTC when they get caught by the police.

I think bitcoin does affect life a lot, whether it's positive or negative it's really up to you.
2132  Bitcoin / Bitcoin Discussion / Re: Have you ever bought something from the deepweb with bitcoins? on: June 12, 2016, 09:08:38 AM
I've been to the deepweb, and seen some of the more simple marketplaces (namely just gun markets in the EU, which I don't live in anyways), but I don't think I'll ever be buying anything from those sites (partially because of my location). I just don't have the need for drugs, guns, or any other thing you'd find on the deepweb right now. I'm content with everything that I have right now, and I don't think I'll need any of that stuff.

It's probably not a good idea to ever buy something on the deep web. The government is always on your tail, wherever you are browsing on the internet. Deep web may give you a false sense of security instead.

If you need drugs, then it means that you're ruined. That's not good, is it?
2133  Bitcoin / Bitcoin Discussion / Re: What's stopping people from using bitcoin? on: June 12, 2016, 09:06:21 AM
Many people just don't like bitcoin or maybe they are scared about scammers or just don't interested on it, many differen stuff can happen to people who can't start using bitcoin.

The main reason behind stopping people from using bitcoin is that they have never heard about bitcoins and that goes to developing countries and the third world countries, where they are totally dependent on banking system and are not ready to accept the change or innovative things.

I think the lack of acknowledgement about bitcoin, most of them answer they are afraid of the wallet security is not secured enough and then because bitcoin still through process of adaptian so untill now not many stores accept bitcoin, so they feel kind of useless collecting bitcoin but cant spend on what they want.

Yeah definitely. There are lots of people out there who think that bitcoin is dangerous and the software is a malware and will damage your computer. Or, the may not trust the bitcoin system.

Some people also think that bitcoin is a ponzi scheme. But it's not.
2134  Bitcoin / Bitcoin Discussion / Re: [Seriously] How can I explain Bitcoin to a grandma or grandpa? on: June 12, 2016, 09:05:28 AM
Seriously... I tried. It's impossible.

I really don't think it's impossible. They might be a bit dumb but usually if you are patient enough to explain something to them, you can get the general idea across. After all you're their grandson.

I think the best way is to give them a Christmas present of 1 BTC. Let them figure out how to redeem it Cheesy
2135  Other / Off-topic / Re: Would you like to receive your salary in BTC? on: June 12, 2016, 09:04:24 AM
If the BTC price is stable and there are establishments who accepts BTC in my area, I would probably opt for a certain percentage of my income to be paid in BTC. The price is key. If the price per BTC is extremely volatile, I would not want my pay to be depreciated in value.

I don't really mind whether the bitcoin price is high or low when in relation to when I received that salary, simply because I believe in bitcoin's ability to act as a currency and retain its value over time.

Remember that fiat is always depreciating in value, so it's not necessarily the best measure for value either.
2136  Economy / Economics / Re: Best way to manage money? on: June 12, 2016, 09:03:29 AM
So I have seen a lot of topics relating to different methods of managing money ("How to earn Bitcoin, "How to save money") and the likes. Now I would like to see what are the best ways people can come up with in regards to managing their money. I find creating a budget is one of the fundamentals of managing money. If you have no records, you can't know exactly how much money you have to spend each month. Another piece of advice I would like to give to people is to not use your credit card unless you're able to pay it off in full at the end of the week.

Any input?

I think that the best way to manage your money is probably a combination of saving and investing, as well as earning. Earning more money by manual labour keeps you busy so that you don't do something retarded, while saving is important so that you don't waste your cash, and investing is the profitable part.

Managing money is difficult and should be considered as a skill.
2137  Bitcoin / Bitcoin Discussion / Re: What is the best way to cash out? on: June 12, 2016, 09:02:08 AM
Without anyone knowing your name or address?

If you're talking about bitcoin to fiat cashout, then try localbitcoins. Completely anonymous and you can either deal face to face with another person or online. Both are safe if you deal with a reputable person.

You are protected by the localbitcoins escrow as well, so no worries.
2138  Economy / Economics / Re: Long term OIL on: June 12, 2016, 09:01:06 AM
I think that the problem of oil is that it runs the risk of not being used as the main energy source anymore. We are moving towards clean energy on a daily basis. For example wind power and solar power.

In the long term obviously the demand of oil will cease, but before that happens there will be a huge spike in price.
2139  Economy / Economics / Re: What Country Has Most Of The Bitcoins? on: June 12, 2016, 08:57:55 AM
Well, as common belief goes - people think that China is the number 1 country. With Chinese exchanges volume being the highest.
However it is really hard to conduct precise research about number of coins stored by individuals, for example we have no idea how to classify Satoshi's Stash.

I lean toward idea that it is totally unimportant for general bitcoin crowd to know which country has the most Bitcoins.

Indeed. China is full of whales which affect the bitcoin price a lot. There are also a lot of miners in China who profit off free or cheap electricity. I guess USA would be the largest bitcoin user in terms of amount of users though.

But China definitely holds the most bitcoins.
2140  Economy / Economics / Re: Sell Everything? on: June 12, 2016, 08:56:40 AM
If you sell everything now, around 30 days from halving, then you are just retarded. The price is going to rise a lot when halving comes, be smart, save your Bitcoin.

The OP was made in January 2016.
The focus is more on equities and other asset classes, which have been affected by quantitative easing.

I think that right now quantitative easing, aka printing more money into circulation, whether virtrual or paper is becoming a huge problem for society. This is creating large asset bubbles in the securities market.

So yeah, I think selling stocks for BTC is a great idea.
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