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2421  Economy / Economics / Re: How much are you willing to pay in fees for a Bitcoin transaction? on: February 06, 2017, 01:35:37 PM
From the point of view of 10 minutes interval for every transaction, I would be willing to part with $0.1, other than that, $0.01 is simply the best and that is what is inline with the whole ideology of Bitcoin - very cheaper transaction fee. The miners should be made to realize that they're in the business of mining not to recoup their investments with just one transaction. As with all properly businesses, profits definitely shows up in the long run. The high fees and now the preferential processing it has introduce, is a spoiler for Bitcoin and should be addressed before it takes us backward.
2422  Other / Archival / Re: Earning "free" bitcoins on: February 06, 2017, 09:47:30 AM
Well faucets are still free. I cant really feel bad about those 15 seconds spent every hour to collect them. And there is always a chance to win more then just 200 satoshi. I dont know how much I really collected on faucets, sure its micro earning, but when I say its "free" I really mean it. Unlike signature campaign where you really get much more, but also takes more time and effort, not all can do it, unlike faucet.
Well with time, you would get to know better! Faucets are okay as entry point into the cryptocurrency world, but subsequently a person needs to move on to more effective ways for gathering the coins, otherwise it would be difficult justifying the time spent online as those dust may not even be enough to pay for internet subscription, much more put something in your pocket. Time must be seen as money otherwise, one is simply missing the point.
2423  Bitcoin / Bitcoin Discussion / Re: Bitcoin Will Kill The Income Tax on: February 06, 2017, 09:30:22 AM
I think it won't happen as long as bitcoin user keep use legal services and government ask every legal services which accept bitcoin to include tax as well which automatically converted to their fiat currency.
The real problem when bitcoin user spend their bitcoin which don't take taxes at all such as non-registered online shop and black market.

Yeah i agree to you. As they said, there are 2 types  that we can never be avoided, the death and the taxes, but some also said that "Death can be avoided but tax can never be avoided" it is quite funny since it is true  Grin, we can't avoid by paying taxes or even the death. Yes maybe bitcoin can kill the income tax but when? for sure it would take a long years to do that. Theres no harm to wait
This will not happen.  No government will say "oh look there is this thing called Bitcoin, we should forget about all the millions income taxes bring us and let it be a thing of the past". So there will always be an income tax. Generating income and not paying that is and will be in the future illegal. If you think Bitcoin might help you to not pay it, then this is your opinion, but it is still not allowed and pleas tell nobody anything else

You are not correct on this

A few governments are essentially doing something to that tune. You obviously miss one important thing, i.e. that it cuts both ways. More precise, if a government openly declares Bitcoin as a taxable asset, it inadvertently but unequivocally admits that Bitcoin is perfectly legit since you can't possibly tax something which is illegal. And the governments in question are not going to do this (at least, not until there is wide-scale adoption among masses), and thereby Bitcoin might remain factually tax-exempt in these countries
Certainly the governments cannot have their cake and eat it! If they are bent on seeing Bitcoin as illegal, why would they be bothered to gain from it? They are interested in protecting their fiat currencies against Bitcoin, knowing fully well that Bitcoin stands better chance, so it is actually their funeral.

By the way, income tax isn't the only form of taxation governments imposes taxes on people, actually we are paying one form of tax or the other as we go about our daily lives, like consumption taxes, property taxes. The governments in fact, are their own problems, because putting the cart before the horse gets anybody nowhere!
2424  Economy / Economics / Re: Passive Income on: February 05, 2017, 07:34:25 PM
I think the best way to have guaranteed passive income (if we aren't talking specifically Bitcoin) is to invest in bank stocks. In general, they give 3-5% yield per year in dividends, and the value is very steady. Plus, investing in something like a bank provides a lot of security; they'll always be around.

That's more of a low-effort method. If you are willing to spend a lot of time and energy, then looking into something like app-dev is definitely worth it.
3%-5% annual yield is an average rate of return, plus these are usually the rates that government bonds and treasury bills also yield. But to make more from passive investments, it should be able to beat inflation year in and year out. Money loses a bit of purchasing power due to high inflation rates. If your investment are able to beat inflation, you are on your way to greater passive income.
Given that inflation is fast going double digits in most climes, it leaves the 3-5% yield per year dividend worthless and might actually end up in a loss. That is why consideration for investments in assets outside of government control like Bitcoin is now gaining much more attention. the inflation and devaluation that have become regular features with fiat currencies, is not known with Bitcoin.
2425  Economy / Trading Discussion / Re: How do you manage ur emotions? on: February 05, 2017, 05:25:30 PM
Simply I invest in trading very little and that little doesn't touch me so much. I'm looking on trading like on some fun, playing on stock market is interesting.
I'm a gambler and I lose more then I earn with trading, but I'm still trying to learn more about it. I don't trade so often, so investing in learning here and there is a good thing.
I want to say you should erase the idea in your mind that those amounts you have been trading with are little and insignificant, because it simply wires you up psychologically to careless what step you take or the outcome. Actually there is a thin line between trading and gambling and one may never know the difference until they have lived in both worlds.

The step to learn is well worth all the time it may take, go to it with open heart and be willing to go extra miles, because it gets better with time and experience.
2426  Economy / Economics / Re: Make money from money on: February 05, 2017, 04:42:06 PM
Yes, with start-up capital is much easier to make money. If you have 0 in your pocket, you can not trade. We have to earn money to then invest them in some project
I must say it is the knowledge and skills that is needed most for a successful and profitable business, the knowledge can always bring the capital as is the case through signature campaign here, freelancing and other ways to raise some money. Having no dime in one's pocket should never be a big deal or dead end, when one is knowledgeable and skillful.
2427  Economy / Economics / Re: Why Doesn’t Western Union or Moneygram Use Bitcoin? on: February 05, 2017, 04:01:55 PM
Western union or moneygram does not use bitcoin because wu's fee is higher than bitcoin transection fee and the money exchanging process is easier than bitcoin.they can exchange their money by dibit card or atm.
No that is far from the truth! The money exchange with Bitcoin is by far the simplest and cheapest. It doesn't take some business days to pull through and you can access the fund from just about anywhere in the world. The charges for using those cards is something to give another thought, because they usually eat real deep into the fund being transferred. WU and MG, might want to drag their feet because of the kill they are making from the exorbitant fees they charge, but as the adoption of Bitcoin spreads further, competition would force them to adjust or pack up.
2428  Economy / Economics / Re: Is it better to save money or invest it? on: February 05, 2017, 03:47:27 PM
I know what I'm doing wrong, but I have almost all of the money invested. Now I need to quickly multiply my capital. Therefore, I venture, with nothing stored. All my money make money
You are such as risk taker. I think it does not matter if we use all our money to invest, with the proviso that we really master the investment field. I suggest to be an expert trading bitcoin for very large incomes.
No investment is without some risk and your being an expert does not totally remove the risk, so investing all the money you got might not be the wisest  business decision. What happens should the business fail? Did you even bother to diversify? If you run into some emergency and needs some fund urgently, what would you do?  Your best bet is to also set some funds aside, so you can easily reach it when you need it and not to have to dis-invest your investments or go looking for some loan.

As a matter of fact, what we should be saving are the proceeds of our investments and not our capital.
2429  Bitcoin / Bitcoin Discussion / Re: FUCK! The Bitcoin is dead again. This time for sure. on: February 05, 2017, 03:34:06 PM
This is 100% the end of bitcoin as we know it.  Good thing too.  This 'open source', 'no leadership', 'no organization' thing was always a load of bullshit.
Bitcoin isn't dead so you have been proven wrong. Next time when you feel bitcoin is going to die "for sure" just leave the bitcoin community don't need you. Peace.

LOL..He would die before Bitcoin really will die bro. Bitcoin can Died when the enthusiasm of the market declined sharply or many exchange market that suddenly went bankrupt. But in fact. Bitcoin always rise when falling down. It is all about business. There was always a loyal audience.
As far as I know and believe that the experts say, the price of bitcoin will no longer fall below the critical exponents. And it shows in the first place is that bitcoin mining in some sense passed at a rapid pace and it will play a good role in the final stage.
Those unscrupulous statements were made way back in April, 2016 and by now the poster must have swallowed his words over and over again, because not only is Bitcoin alive, it has been consolidating its stronghold as the future of money. Most people did not give Bitcoin any chance because of poor evaluation of its potentials and fear of what the governments might do. After all said and done to frustrate Bitcoin, it is rather gaining more admirers.

Something should be clear, there are now more people in possession of Bitcoin, meaning it is now more decentralized than it was few years back and in the light of that, the price can rightly be expected to be more stable and we may never get to see it falling helplessly as happened in times past.
2430  Bitcoin / Bitcoin Discussion / Re: actual number of people using Bitcoin? on: February 05, 2017, 01:35:19 PM
I want to modify this question.  Anyone answer this?

How many people are actually using Bitcoin? ( Those who aren't merely using it as investment) ( those who are using it to make payments, purchase goods ,etc.)

I don't think anybody can say about it. Everyone can use more than 1 wallet for transactions and lot of people do this, using a specific wallet for a specific use. Not long ago a guy promoting the scam Onecoin was bragging Bitcoin has only 300k users. I was near to fail from my chair, i found it very funny

He is in fact more or less correct in his estimation

The basis for this figure is the number of transactions processed by the Bitcoin network daily. It oscillates between 200k and 300k transactions, and it is assumed the number of active Bitcoin users is somewhere between 300k and 500k. What is considered as an active Bitcoin user everyone decides for themselves, but this of course doesn't make the coin that the dude has been promoting less scammy (if it really is, in the first place)

I don't think that estimation is necessarily bad either. 300,000 to 500,000 people all coming together to use this alternative currency with the help or guidance of no government or single corporation. It's pretty amazing to me when you really think about it.

Still no body don't know how many people are exactly using bitcoin, because many people from different countries have involved.  Calculation will not give an exact idea, there are many people who are using many bitcoin right now and exchanging their bitcoin daily in exchanges.

It really does not matter how many exact number of people using bitcoins. The main thing is that if more percentage of people in the world start using this currency, it will increase its demand further making it much more worth.
Assuming 300,000 to 500,000  using bitcoins is a good number but our focus should be  80% of the users using it.
I am of the opinion too that getting to know the number of people using Bitcoin is of little or no importance and even the figures suggested above would be wild off the mark because if the Bitcoin address is the parameter in use, how does it take care of the fact that one person can have as many addresses as possible. I personally have more than 10 Bitcoin addresses, so would that mean the addresses belongs to 10 persons?
2431  Other / Archival / Re: Earning "free" bitcoins on: February 05, 2017, 01:21:09 PM
There are lot of ways to earn FREE bitcoin without any investment. The best way is the signature campaign and paid forum posting. In these methods, you will only have to make quality posts and nothing else. You will earn lot more than a faucet. Faucets are basically a big waste of time and nothing else.

Now once you accumulatesome free bitcoin from Signature campaign and paid forum posting, use that amount for trading. Trading is the best method to earn lots of bitcoin. You must try trading.
In between those lines of text are the fact that there really is no free bitcoin, one must have something to offer in exchange. For instance verse knowledge is necessary to be able to make quality posts with signature campaigns same way experience and skills are inevitable to be able to make profit from the market as a trader. Let's not forget that time is money too!
2432  Economy / Web Wallets / Re: Xapo will start charging a fee to receive transactions on: February 04, 2017, 09:04:09 PM
but now when they are going to charge fees for the small amount which new bitcoin users are getting from faucets is unfair, I think that they should charge fees on the people who are using like 2btc per transaction not the small guys.
I see your point, the rich should be made to pay more, but the reality on ground across all facets of life, seems to have suggested otherwise, so that what we have is the poor actually having to pay for the luxuries the rich enjoys. That is the kind of madness that is now a normality  with the society. 
2433  Alternate cryptocurrencies / Altcoin Discussion / Re: Should we stop putting money in ICO? on: February 04, 2017, 08:07:41 PM
if you want buy ico selling youre must follow the rule
1 must use escrow, addres is control escrow, not dev control, must publish must sign message is addres full control in escrow hand
2 must quality dev

without escrow don't buy ico selling, is new accident ico selling and coin scam is ascedancy, use escrow but not full control, investor buy use dev addres, after receive to dev can sending to escrow addres is bad escrow system, because dev can still run bitcoin investor
In addition to that, any ICO offering to pay for its bounty with only its own coin instead of or with Bitcoin is susceptible to scam. No point participating in such campaigns and instead of investing in such ICOs, better to send the coins to some orphanage homes, where it would indeed bring smiles to people that genuinely need it.
2434  Economy / Economics / Re: The future of the paper money on: February 04, 2017, 03:55:17 PM
Since BTC or other digital currencies require people to be in communities or become tech savvy to figure out, entirety remains with its reliance on exchanging to and from fist. The need to be in every country may be unattractive if so few countries become dependent.

Don't ignore using it, but paper is universal and tied to infrastructure across the globe. People use USD, AUD, GBP + Euro as reserve currencies in 76+ countries so making exclusive amendments locally will likely turn to changes in what's stockpiled.

People will always use paper as a secure solution for expensive savings + leisure trade.
Once upon a time, there was nothing like paper money, it was merely introduced to the society in much the same way, Bitcoin is being introduced now. So just give it time, people can always tell apart what is convenient, secured, little or no cost, a real store of value. By the way, those papers are just piece of papers backed by nothing.
2435  Economy / Economics / Re: Is it better to save money or invest it? on: February 04, 2017, 03:46:57 PM
Invest your money don't just save on bank, even you have huge amount to save on bank account, value of your money will decrease because inflation, but you need to carefully if want to invest your money and don't put all your money in one Investment, because that's not wise ways, I will choose to buy Bitcoin, some in Gold and Real Estate, because for me that's smart ways to invest.
Saving is very good, but leaving your money with some banks to hand you peanuts as interests is not it and should only be a choice for meeting daily and urgent needs. To that effect, only a small portion of one's money should be saved this way. I prefer to invest and save at the same time and we know Bitcoin, gold and Real Estate are good vehicles for that and their values most appreciates compared to deposits that sooner than later gets eaten up by inflation, devaluation, etc.
2436  Economy / Economics / Re: Why Doesn’t Western Union or Moneygram Use Bitcoin? on: February 04, 2017, 03:31:26 PM
I think even if they did, the bitcoin users wouldn't use their service because they can do it by themselves. That's one of the advantages of bitcoin. You can transfer money to another person from a different country all by yourself. You don't need to use and pay any service at all except for the small transaction fee. It would just be a waste of funds if they started using bitcoins but they can always implement it whenever they want.
On the contrary, bitcoiners would be using them when for instance someone wants to remit his coins for dollars or any other form of money, so opting to do business with Bitcoin won't put them out of business, but playing the Ostrich would.

Quote
These business people can change their course whenever they want. I think that would happen only when bitcoin's starting to take over. But the world wouldn't be needing their service at that point as told in the OP.
Then they would have lost their market share to those companies that saw the vision of Bitcoin and the easiest thing in life is not to unwittingly hand in your rightful position only to start fighting for it again from the bottom! They say, make hay, while the sun shines!!
2437  Economy / Economics / Re: Make money from money on: February 04, 2017, 02:46:17 PM
the best way of investing is to find a good investment that is rising fast, it can be bitcoin, a stock or a business that you invest in, then you can either buy one with all your money or diversify.
after that keep the initial investment and cash out some for profit each time there is a rise, or you can even ride the waves of fluctuation up and down to make more money and still have the initial amount saved up.
Always the fast growing investment is riskier than other types. Now a days the scammers are much more than the legit projects, so yes the hardest point is to find a good investment which needs a lot of investigations before putting your money.

Now a days it is also very hard to find which one is good and which one is bad, Even though they seems to be good but government are not allowing them to do the business. Many aspects are not accurate with all these types of earning either company shutdown or government seize their money.
The best way to invest is certainly not to look for other people's business to buy into, because that hardly give one good enough room to make positive contributions or criticize an obvious drift. It is much better to think out a solution to any one of the myriad problems facing people everywhere in the world and turn it to a business. So would say, it is very hard to come into the capital, but from experience I know the first and hardest thing isn't the capital, but the idea is.

With a good idea in place, the capital would most likely follow, because the idea alone is like a fire and won't allow one to sleep until it is made to manifest. It is rather unfortunate that, a number of people that have the capital, lack the idea what can be done with it.
2438  Bitcoin / Legal / Re: Money laundering via BTC on: February 04, 2017, 02:15:44 PM
Its an illegal act and is punishable by law when bitcoin is used on laundering money, because that is not transparent to the government regulation and through laundering illegal transactions is prone to happen. We don't want bitcoin to have bad reputation right? So if we knew something involved to any cases like this linked to btc laundering, it should be reported so that i will be stopped in an earlier time.
I think that there is only one solution for that, that governments should consider bitcoin as legal. and after they they can also impose tax on it and can also put tax on it on transaction of bitcoin from one country to another. although it is loosing difficult but i think it is not such  big problem for the governments to do arrangements for that.
Governments already see that suggestion as suicidal and would not be willing to touch it even from a mile, because with such backing, Bitcoin would become so formidable and valuable, all other form of money especially the fiat currencies would lose favor and value. I think the governments are helpless with Bitcoin, they can't frustrate it and yet they can't approve of it. Actually it is interesting that things are the way they are, in the long run, it is sure to create a condusive global economy.
2439  Bitcoin / Bitcoin Discussion / Re: Could BTC ever become fast enough to function as a single world currency? on: February 04, 2017, 01:51:23 PM
All BTC companies such as coinbase require access to banks for their fiat conversion.
Outlaw BTC and the banks will sever ties with coinbase, then they can't pay their employees in fiat or keep their equipment running without electricity.
Merchants would drop it overnight, because they only care about the FIAT conversion.

Plus if the Governments really wanted BTC stopped , how many ASICS do you think can stand up to an RPG.
The answer is ZERO.
I see you are already a government mouth piece, but not all BTC companies are like Coinbase, that readily folds its tail in between its legs in servitude to the same modern slave masters than Bitcoin set out to liberate us from, likewise some merchants. You will do well to take this message to them - they woke up a little bit too late and Bitcoin is done washing their dirty linen in public. Bitcoin was not created for the fiat currencies instead from the word go, it was designed to be independent of governments and their agencies. That is where and when p2p actually resumes duty,
2440  Economy / Economics / Re: Why Doesn’t Western Union or Moneygram Use Bitcoin? on: February 03, 2017, 09:19:15 PM
This is simple, why do I need to promote my direct competitor, I know they would be worried  by the inward route Bitcoin has made into market like India and Philippines recently, the market strategy can easily be copied and they would be concerned about this
I don't see how the introduction of Bitcoin by Western Union or Moneygram can be said to be the promotion of competitors, rather it is the foot dragging of the above companies that is giving rise to start up companies that plan to fill the void. Essentially it is relatively easier, cost effective and almost instantaneous to do business with Bitcoin, which is a plus as far as international remittances is concerned.

In the light of that, remittance companies doing business with Bitcoin stand the chance of some added advantages over those doing business with just fiats.
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