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Here are the reasons I can think of:
1. No ID and/or bank account available. Bitcoin exchanging websites usually asks for ID and bank account in order for you to buy/sell bitcoins.
2. Wants to buy/sell a large volume. People often open a thread for this. Often times, they get a discount when buying from an individual instead of buying from an exchanging site.
3. The buyer only have fiat or the seller only wants fiat. They can do meetups if this is the case. There's no exchanging site that gives you fiat directly in exchange to your coins and there is also no exchanging site that accepts paper money directly in exchange to coins.
4. They just don't. Some people just don't use exchanging websites like YoBit for some personal reasons.
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Ironically, in my experience most scammers I have met with have been bad liars. I found asking questions and trying to fully understand what the users said in the offers eventually led to rather precise conclusions. Scammers often fall in paradoxes of their own lies. In addition, all above mentioned factors count, though.
Indeed, sometimes you just have to play as if you're a fool when you want to spot a scammer. Sometimes the lies of a scammer isn't concrete and/or detailed enough. Some scammers can't even play the role he's playing correctly. So, if you want to figure out if the person you are trying to transact with is a scammer, try asking him questions and confusing him. Most of the time, the stories are becoming crumbled and the scammer would just give up on you and go away. |
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I mined 0.022 with my laptop. That is saying a BIG thing about mining, it should be evolving, it should be changing, I mean if the industry of mining rises to a point where one man invents something that mines 90% of the coins whats then?
Yep, mining is changing. The difficulty of mining at least is changing after years, it's called the halving if you aren't familiar of it. And no, it's not possible to mine 90% of the coins by inventing "something". By owning 90% of the mining stuffs in the whole world, then you can mine 90% of the coins. But a single thing cannot mine 90% of the coins, at the present moment at least. Humans never managed to make a rig so powerful that it can mine that big portion of coins. |
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If you guys are from Asia, you'll notice how Chinese people are earning much more than what other nations do. People say that the Chinese people are using their profits as an additional capital for another source of income, making them have more and more sources of income. Their money just grows exponentially. Some people just sticks with a single source of income, and their money will never have a significant growth until they put some money into an investment.
TL;DR: Invest your coins into something. When you have your earnings together with the profit, use them again as an investment for something.
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When will Bitcoin pass 1000USD again? We can't say the exact date but here are the things that I think would make the price of bitcoin rise that high again: (a.) A new big time whale has entered the game. Of course he would need to buy tons of bitcoins to join the game of Bitcoin trading. (The whale could be a person alone or a group of people. It could also be an exchanging website, etc.) (b.) The majority of people has finally come up to a realization that we should use bitcoins. A lot of people start to buy bitcoins, combining all of them together would surely pump the market. (c.) Existing group of whales has decided to pump the market for profit. (d.) Someone or some company does a pump and dump scam. |
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Name: Fatanut
Post count: 748 + 1
Rank: Sr. Member
Bitcoin address: 3P5FtB56EL6t7vvcifsdyBGbvtsvkCVVeq
Profile UID: 675421
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Applying for special rates here.  User: Fatanut Postion to Apply: Sr. Member (special rate) Posts Start: 747 + 1 Address: 3P5FtB56EL6t7vvcifsdyBGbvtsvkCVVeq
Update: Lutpin didn't respond to my PM nor to this post so I guess I'm not accepted. I have joined Safedice instead. |
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Didn't expect this campaign to end so soon. Thanks for the people that owns/supports Yocoin. I had a great time with you guys. Thanks to you yahoo too.
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Last hour to get your Ad on my Avatar + Personal Message, everbody! If no one takes it, I will wear Avirunes' for a week as promised.
Update: Wearing Avirunes' ad for 7 days. [paused]
Update: I'm enrolling/joining Bitvest and they require for us to wear Avatar + PM. Avirunes' term has been paused.
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Basically, yes, HYIP sites are a gamble. Bitcoin HYIP might not be directly seen as gambling, but since you're taking risks, and the results aren't always positive profit, HYIP shall be considered as gambling. Investing is almost as if you're betting. You put the money and then wait for the results. A factor why people thinks HYIP aren't similar to gambling is because of the fact that it will take you months/weeks before you know the result. In gambling you only have to wait for seconds.
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2 months ago I expected that the price will rise right after the halving so I didn't really pay attention about the price increase before the halving. I thought it was just the beginning. Today, I expect the price of Bitcoin to rise after a month or two but not in days. The previous dump of Bitfinex hackers has prolonged the journey of bitcoin's price going up.
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My tip is to not trust the people of trollbox. They are just trying to pump the coin that they invested in by trying to advertise the name in the troll box. Another thing is to remember the saying "Don't put all your eggs in one basket." If you have 1 BTC, don't invest it all in one alt coin. There are tons of altcoins out there. You might wanna check their thread in this forum first before you invest on it, most of them has a thread here.
Another thing, you could also try trading in groups. If you have friends that do altcoin as well, you might want to do it with them. There's a lot of things you could learn from other people's experiences.
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Not anymore. I used to buy bitcoins when I'm still a newbie and I use them to invest on HYIP sites. I thought they are legitimate so I threw some money into it. I'm lazy as well and wanted to earn money without much effort.
Today, I don't buy bitcoins anymore. I just get them from the earnings of signature campaign. The earning is really decent though that I could eat three times a day if I use the earnings from signature campaign.
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The possibilities are people left BTC for some majority hack/glitch/issue or people have migrated into another crypto-currency and that currency has surpassed all the advantages of BTC over other alt coins. I think before BTC price would touch the bottom, I have already sold all my BTC or maybe just convert it into another crypto-currency. It's not like BTC would go from 600$ into 1$ in one night. It will take time before a coin dies.
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I think it's actually possible when everything's done digitally. When every transaction of every penny is done through bitcoin and nothing else. Every fiat has to be converted into bitcoin and bitcoin will surely have a stable value. It's too far fetched as of today though to confirm that this will happen in the future. If we try to convert all fiat money into bitcoin today, people will just do a protest as the majority of people don't even know what bitcoin is.
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I think I'm gonna go with bitcoins. Gold has always been there ever since. It's been available for a long and always has been a fancy thing to own. Gold has been so fancy that if you wear it at the streets, you'll get held up by a criminal. Bitcoin on the other hand is something that is new. It hasn't been a thing to the majority of people just yet. Once that happens, I'm pretty sure that the price will rocket to the sky. Also, if you have tons of Bitcoins, people don't know that unless you tell them.
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It's been a month already since the last bubble. The bitcoin just decreased its price a lot this week. So we can assume that our baseline is between 600$ and 700$ to say that a "mega-pump" has happened. Unfortunately, we're just approaching 600$ at the moment. Slowly recovering from the dump that the Bitfinex hackers did. Nevertheless, people are still expecting the price to shoot up this year because of the bitcoin halving.
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I think the best way to get a fixed income per day, you should do mining. It might not be advisable anymore because the difficulty was doubled because of the past halving but it's the only thing I can think of that you'll get a sure income per day. No matter how busy you are, you know that at the end of the day, you'll have bitcoins in your wallet.
This might require you a decent amount of money though for the mining rigs, electricity, internet, and the air-conditioning of the room where you'll put the rigs. There are still people who are buying mining rigs so from that we can easily say that it's still profitable.
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