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2401  Economy / Gambling discussion / Re: OFFICIAL EURO 2016 Discussion and Tips Thread on: July 06, 2016, 04:04:22 PM
I think France can win Germany. Germany is a very solid team but they are very sameish in performance compared to Italy the other day. As far as I can remember France usually wins vs Italy so I think France as a good shoot to defeat Germany and I also think they can defeat whoever wins from Wales vs Portugal. Payet is looking solid.
2402  Economy / Scam Accusations / Re: Bitcoin Hack on: July 06, 2016, 04:01:15 PM
What do you mean you used a website to generate a private key? What online wallet are you using? If you generated it in blockchain.info then I doubt it since it's a pretty respected site and i doubt they would fuck up that bad... what did you do exactly to generate the private key?

2403  Economy / Speculation / Re: If bitcoin rose to $1M, what you do? on: July 06, 2016, 03:40:18 PM
If it rose to 1 million dollars I would quit my job and just chill as passive income from interest creates me enough money a month to live off it while doing nothing. I just want to be able to sit back and relax for once. I hate the rat race, it's such a waste of time and energy to get so little money. I really hope BTC goes to the moon so I can fucking retire.
2404  Bitcoin / Bitcoin Discussion / Re: Is bitcoin can be used as a method of payment online? on: July 06, 2016, 03:24:49 PM
Bitcoin is more like gold than a currency, because the price fluctuates too much so at least me personally I tend to use it like I would use gold, this means that I don't usually use it to pay for stuff, I just hod it as an hedge against the collapsing financial system.
2405  Economy / Gambling discussion / Re: How greedy you are ? on: July 05, 2016, 04:57:19 PM
Sometimes im too greedy in the sense that, if I start a gambling the slot machines and i usually gamble very little amount, but if im lucky and I keep rising my initial small gamble, I can reach like 1 BTC and instead of saying that's enough and withdrawing, I keep playing for more and I ed up with 0. So yes im guess im too greedy.
2406  Economy / Gambling discussion / Re: Euro 2016 on: July 05, 2016, 04:24:54 PM
I think Cristiano Ronaldo is very motivated to make a good performance in the last matches. He has not shined yet and he knows that the last opportunities to become an eurocup winner are in front of him so im sure he will give his 100% in the following matches. I hope I can see a good performance by him and hopefully final is something like France vs Portugal.
2407  Economy / Speculation / Anyone else is going to hold while people try to short the halving? on: July 05, 2016, 03:56:15 PM
I see all those people saying how they will try to short the market. I think this is a very stupid idea. You sell at 750 thinking "well that's it", by tomorrow when I wake up, we will be correcting hard at 600s again".

But then, you wake up and price is 850 and you feel suicidal.

That's why it's better to hold. With Bitcoin, you NEVER know where the ceiling is. Nailing is being lucky, and I don't want to rely on that much luck, I value my bitcoins too much to gamble them like that.
2408  Economy / Economics / Re: Does the Price of Bitcoin Matter? on: July 05, 2016, 03:52:19 PM
The price of an asset obviously matters, because it shows how much people are wanting to back it up. As its said, put your mouth where the money is. But as far as an indicator of the potential of an asset, it's nothing. Low price for something as big and revolutionary as Bitcoin is nothing but an opportunity to get rich.
2409  Other / Off-topic / Re: Will you accept bitcoin as your salary? on: July 05, 2016, 03:49:25 PM
Not all of it because you can't pay taxes with Bitcoin as far as I know. I also like to have some in fiat because I like money that will stay the same price the next day. Bitcoin for me is like gold and not like a currency, so I don't care about paying stuff with it at all.
2410  Bitcoin / Bitcoin Discussion / Re: Predict what Bitcoin will be used for in the Year 2026 on: July 05, 2016, 03:47:57 PM
It will continue absorbing money from the fiat world like a black hole, and I would expect that by then the Lightning Netwokr is fully operative and we have surpassed all other payment systems in the planet combined, so we are doing trillions of transactions per second. Price should be anywhere from 100k to 1 million dollars a pop.
2411  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the year 2100 on: July 05, 2016, 03:08:51 PM
It would need to be worth millions of dollars because otherwise the payments that the miners would get to process the transactions wouldn't be enough to keep it running, so logically it must keep getting up in price for the next decades, I hope we can reach a million dollars before 30 years from now.
2412  Economy / Speculation / 1 BTC = 100.000 to 1 million is a possibility in 2035 on: June 28, 2016, 03:15:48 PM


As we see, halvings make the price go up and then the price stabilizes in a higher floor, and we haven't even seen the real party yet.

So by the time we are at about 2035-2040, the mining reward will be so small that 1 unit will have to be valued by A LOT of purchasing power.

Considering that only 21 million people can own 21 BTC, those holding 21 BTC WILL have to be rich.

And also considering the ongoing crisis all over the planet with fiat currencies, and seeing how we have big names now proposing to go back to gold standard, BTC will be the digital gold.

http://www.zerohedge.com/news/2016-06-27/greenspan-warns-crisis-imminent-he-urges-return-gold-standard

All the variables for an huge price in the long term are there. All the ingredients to make BTC a supper asset valued in 6 to 7 figures just like BRK.A is nowadays, is there.

In other words, be sure to be holding a decent amount for the very long term and don't lose it by trying to be a smartass trying to play the markets, only trade with small % of your BTC holdings.

Hold long term to win.
2413  Economy / Economics / Re: The effect of Brexit on Bitcoin. on: June 28, 2016, 03:04:42 PM
The effects re not even seen yet. It will be one of the things that make Bitcoin go 1000+. Greenspan is already saying how fucked up the situation is and even saying that only going back to gold standard would save us. Of course that is nonsense and it just means in modern age that we need to go Bitcoin.
2414  Economy / Economics / Re: Have $20 worth of bitcoin, how to earn more with it? on: June 28, 2016, 02:56:26 PM
20 is nothing, I would recommend against trading and just get a job and try to make at least 1,000 dollars in BTC, ideally 10,000. Once you reach that point, you can start trading, but trading with small amounts like those will require high risk if you want to make any sort of relevant gains.
2415  Economy / Economics / Re: If you hold 1 BTC you are a pioneer on: June 28, 2016, 02:48:19 PM
Well its nice to hold more than 1 btc now. I think all who holds bitcoin should be called pioneer not just the ones holding more than 1 BTC. I think everyone is a pioneer because they hold bitcoin even if the future is unpredictable.
you're right, maybe this time good enough to hold one bitcoin, even if you are a pioneer, but it was just a designation, you can make a profit any time with 1 BTC, even with hold

1 btc is not a big amount to hold now, so I think we should make more efforts to collect maximum coins now and in future we can surely become an pioneer.

1 BTC is not considered pioneer now, but for a person in 2035 it will be considered a pioneer.




So as you can see here, by 2035 the mining reward will be so low that 1 BTC will be considered a big amount. This can only mean one thing: Big purchasing power.

It's so simple and so clear that it's all about buying and holding long term to get rich, but some people are in denial yet and can't believe the fact that BTC will be worth millions of dollars in the future.

I don't think that I will be alive by the year 2035 so I will  not waste my time in thinking that long, I will prefer to keep on playing with it in short term and keep on earning profits.

Short term profits are just luck. One day you might try to short but the price will keep going up, and you will wake up at 1000+ but you sold at 700 thinking it was a great trade.
2416  Economy / Economics / Re: If you hold 1 BTC you are a pioneer on: June 28, 2016, 02:30:44 PM
Well its nice to hold more than 1 btc now. I think all who holds bitcoin should be called pioneer not just the ones holding more than 1 BTC. I think everyone is a pioneer because they hold bitcoin even if the future is unpredictable.
you're right, maybe this time good enough to hold one bitcoin, even if you are a pioneer, but it was just a designation, you can make a profit any time with 1 BTC, even with hold

1 btc is not a big amount to hold now, so I think we should make more efforts to collect maximum coins now and in future we can surely become an pioneer.

1 BTC is not considered pioneer now, but for a person in 2035 it will be considered a pioneer.




So as you can see here, by 2035 the mining reward will be so low that 1 BTC will be considered a big amount. This can only mean one thing: Big purchasing power.

It's so simple and so clear that it's all about buying and holding long term to get rich, but some people are in denial yet and can't believe the fact that BTC will be worth millions of dollars in the future.
2417  Economy / Economics / Re: Bitcoin or gold? on: June 28, 2016, 02:26:03 PM
The only way to get rich is by betting on Bitcoin. Gold market is already on the trillions, it will never go much higher than what we have already seen.

On the meantime BTC marketcap is small which means there is potential for a x1000% increase at least.

Well the market for gold is always been there and the price of gold is just going to increase as the price of it is going to keep rising.
But we are in the modern era were technology dominates most than gold.
And people will tend to use bitcoin rather than gold and it will be just treated just like a jewelry.

People who bought gold before brexit have made a fortune, the same what we expect a plus for bitcoin. So even with gold you can make big cash.
Which is why gold is also profitable wise the no 1.

With gold the ceiling is much more near. Just do the math.

BTC is roughly 10 billion dollars, and a company like Uber is 50 billion dollars.

Gold is a couple Trillion dollars.

The potential of growth for BTC annihilates the potential of growth for gold.
2418  Bitcoin / Bitcoin Discussion / Re: China to make Bitcoin (virtual properties) a civil right. on: June 28, 2016, 02:18:35 PM
Isn't it strange that of all things, communist country like China recognises
and empowers bitcoin among citizens?
Country that hardly cant accept private property in its ideological core, establishes
bitcoin laws and recognises it, allowing for people to have them...
Is there some government agenda? All the coins from china belong to state?  

China is a weird as fuck country, I don't really get it, but nonetheless, this is great news for Bitcoin. Even tho Bitcoin doesn't really need the approval or banning of a country to make it legitimate since its legitimacy depends on the math that runs the algorithm and not some politician idiots saying things about it, this helps the average Joe drone that listens to what the government says about things in order to determine if something is good or bad.

Therefore, this is just more bullish news. Anyone trying to be a smartass by shorting on good news is about to get burned.
2419  Economy / Speculation / Re: Halvening 99% ready, rocket only 2 weeks to go before moon launch!! on: June 27, 2016, 11:13:54 PM
Segregated witness and all the other nice implementations are a reality and are comming, this scares haters and FUDsters. The halvening is happening soon too, proving how the price refuses to go below 600 even if they are trying hard to buy back cheaper.

Time to hodl.
2420  Economy / Economics / Re: Bitcoin or gold? on: June 27, 2016, 11:07:27 PM
The only way to get rich is by betting on Bitcoin. Gold market is already on the trillions, it will never go much higher than what we have already seen.

On the meantime BTC marketcap is small which means there is potential for a x1000% increase at least.
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