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261  Bitcoin / Bitcoin Discussion / Re: What do you do with your idle coins? on: December 22, 2015, 03:50:47 PM
Though saving your idle coins give lesser returns, most of us hardly tend to look for better alternatives and keep continuing with our idle coins to park in a cold storage. I'm just waiting for the right time to move my idle coins from my cold storage if the price break the moon.

If that's the case then I think your wait for the right time is going to end soon because during Christmas value of Bitcoin is gonna break the moon as per the survey and experts opinion let's wait and watch even I am waiting for the same moment

Yes christmas and the year 2016 is the year of bitcoins as the prediction is that the price of bitcoins will reach the moon so that would be the best time to sell part of bitcoins and earn profits and again wait for the price to go down so that we can afford to buy few more bitcoins and I don't think that there can be idle coins in my wallet as I actively keep on spending my coins whenever I need regardless of future price.
262  Economy / Economics / Re: Holdings of gold vs Holdings of btc on: December 22, 2015, 03:36:24 PM
I kind of worry with gold that one day they manage to artificially create gold cheaply thus wiping the value of gold down to 0. Possibly that would never happen, or maybe its already been done but kept under wraps. Would be a pretty sad day for gold investors if they did manage it though.

Don't think of future dude, think of present and If you want to make quick profits then I believe that holding bitcoins at a moment is a best option as bitcoin is more volatile then gold and the price fluctuation of bitcoins is very high as compared to gold, So the investors who wants to make quick profits would surely switch to bitcoins as the price fluctuation of gold is not that higher then of bitcoins.
263  Economy / Economics / Re: Will Bitcoin always be dependent on fiat? Is it? on: December 22, 2015, 03:32:06 PM
It has the potential to become fiat, but I have a feeling it will never be that way. I don't think the world is ready for an online currency just yet, maybe bitcoin will die out before the world is ready.

You are right about that. Bitcoin has the potential to become it's own fiat but until then we're still going to need the fiat we have right now.
It's not too bad if you're income doesn't depend on bitcoin.

Yeah and I don't think that bitcoins can replace fiat any day as you would always need fiat to purchase as everyone is not accepting bitcoins as a mode of payment and you need fiat to take care of all those needs and expenses So bitcoins is a digital currency and it would be always a digital currency as still many people are not aware about the bitcoins So bitcoins will always dependent on fiat and that is very sad.
264  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: December 22, 2015, 03:28:58 PM
Bitcoin regulation has been, and will continue to be, a hot topic as it continues to gain momentum and interest in personal and corporate finance

But how do you regulate a pseudo-anonymous, distributed protocol? It's near impossible

This is why bitcoin has been adopted on a global scale, and we will continue to see this rate of adoption increase

Correct. Effective regulation (whatever that means) is just a bureaucratic pipedream. The technology is moving too rapidly now and the rate of adoption is running far ahead of anything they could hope to implement in a timely manner. The rails are almost in place, soon we will be transmitting like Lightning.

Exactly, the awareness level of people is getting higher and higher day by day and that is the good news and as the awareness level will go high it would directly have a positive impact on the adoption level and bitcoin is positively marching towards becoming a global currency but still it needs a great level of support from the people then only it could become a global currency.
265  Other / Off-topic / Re: Do you actively spend your bitcoins? on: December 22, 2015, 03:17:40 PM
ya i actively spend my bitcoins for my and my family mobile recharge, datacard recharge and i do recharge for my friends, like this i spend it and now i am trying to sell my goods for bitcoins,

Same here even I spend my bitcoins for same like mobile recharge and converting bitcoins to fiat currency when I am in need of my local currency to take care of my basic expenses and also online transfers in my bank account is the best thing with bitcoins as it is very quick and time saving with minimum transactions costs and the credits are instant but yes I haven't bought any physical product by using bitcoins.
266  Economy / Economics / Re: Bitcoin worth to you or not... on: December 22, 2015, 03:12:23 PM
The moment you have some btc it is worth to you. It's the same with money and bitcoin is also money.
If you own 20 usd you keep it safe and don't spend it on rubbish, unless you are a gambling addict offcourse.

I own not a lot (just .5 btc) but it is worth to me a lot. With the current rate it is over 200 usd. If we see a great innovation the price will go even higher and my coins will be worth at least double of what they are now. Bitcoin FTW!

.5 btc is better than having nothing at all. You're getting somewhere with those, even if it's only a little bit. Who knows what that will be worth in about 10 years. If you are not planning to use those bitcoins that is.

Yeah but just keeping it and not using it is not worth it, I believe you should spend bitcoins when you need as only keeping it safe will not serve the purpose and you never know what would be the price of bitcoins in the future, It might be half of it what you hold at present so depending on future you cannot waste bitcoins at present spend and buy again when the prices goes down that is the best thing to do with bitcoins.
267  Economy / Economics / Re: Is it better to save money or invest it? on: December 22, 2015, 03:04:39 PM
Investing, because of inflation.

Yeah, sure, but most of the time investing isn't a good choice too. You should be very careful when investing especially when they offer you a big profit in a short period of time. You may lose part of your money because of inflation if you hold them but you may lose all of them investing.

Invest where you get guaranteed returns, like real estates where the value is increasing on daily basis and you can make a good profit out of it, I know that it is not possible for everyone to invest in real estates as it requires huge investment at the initial stage but for who holds good amount of money should invest in real estates and also save money so it would take care of expenses at the time of emergencies.
268  Economy / Economics / Re: What do you guess about he future of bitcoin? on: December 22, 2015, 02:57:52 PM
For now I think that bitcoin will continue to rise up in value. Of course the bitcoin market will have it's ups and downs.
I think it's safe to say that bitcoin will always bounce back up, no matter how low it gets, bitcoin will always bounce back up.

Yeah you are right, i believe bticoin as a currency is stable now, meaning it will bounce back after every dump.
When buying coins i don't have the fear it can be worht nothing anymore, something i had in the past.


Exactly, the price of bitcoins will go much higher in the coming years as the prices are stable now and the year 2016 would be the year of bitcoins as it is predicted that the price of bitcoins would reach $1000 in the year 2016 and that is very good news for the users of bitcoins and the future of bitcoins is safe and it would be much more stable in the coming years once the adoption level gets more higher.
269  Economy / Economics / Re: Is it a good long term investment to buy 1 BTC today? on: December 22, 2015, 02:51:53 PM
If planned to buy a huge a mount of bitcoin then you should wait until the price will drop, because Im sure bitcoin price will drop before block halving happen.

For a long term it doesn’t matter I can buy now according current price as well Because according to Satoshi’s prediction 1 Bitcoin will reach upto 10000$ But It didn’t scratch the surface also. He can buy without any fear.
Just my thought then, in 2016 many economist predict bitcoin price reach 1000$, then buying for current price is not bad at all, but buying litter lower would be nice.

Yeah and I believe that this is the right time to buy as the price of bitcoins would be much higher in the future and if you look the price of bitcoins in last 3 months then it is continuous increasing so still at this price we can afford to buy bitcoins as it would surely give us profits in the coming years and I would prefer to buy more then 1 btc as it would be proved to be an sound investment to make at a moment.
270  Economy / Economics / Re: How to save money. on: December 22, 2015, 02:44:10 PM
The oldest method is to keep it in a shoebox and hide it under your bed. Of course there is a risk of it being stolen or losing it in a house fire. People seem to take this risk so not to have the bank know about it thus not paying taxes on it. In a way that is saving money. Most if not all countries do not allow this way in saving money as it is illegal but if you are in one of the few countries that allow it then you saving.

But at the same time, the banks will pay you interest for storing your money in their bank. So technically you will be earning money, which is more spending money for you.

The interest rates a bank offers you in my region is not worth it to store your money with them. This is almost a zero sum game.
And when I keep in mind that the banks can close my account any time, or the bank goes bankcrupt and tries to get a bail in by it's customers I don't feel comfortable with it to be honest.


You need to save money in trustworthy banks which are running since years like traditional banks and those bank will never go bankcrupt and it is always safe to save your money in banks rather then keeping at home and if you are not satisfied with bank interest rates then you can go for fixed deposits where you get higher interest rates or save money in mutual funds where you can earn good amount of profits.
271  Economy / Economics / Re: How to save money. on: December 20, 2015, 06:27:00 PM
I save a lot too. For unexpected costs but also for my children.
Saving is the key for a stable life and getting through hard times. I can recommend it to everyone.
yeah me too.
but I save money for unexpected needs like buy a present for my friend's birthday, lend it to friends, and to pay debt that was asked earlier.

Yes, even I do completely agree with your opinions guys that saving money is like a reserve maintained for bad times. I am in a habit of keeping a  proportion of my income for charity and some as savings for future uncertainties. Who knows when one feels the desire to buy a new pair of branded shoes? Saving money will surely save us in such times.

Yes savings would definitely be helpful at the time of emergencies or at unexpected uncertainties and it is always better to save part of money and the best way to save money is not to waste money in unwanted things only spend when it becomes a need or else you don't have any other option else it is better to carry that expense to next month and take care of other emergencies in present.
272  Other / Off-topic / Re: Complete the sentence... "I would sell all my Bitcoins if..." on: December 20, 2015, 06:23:25 PM
i would sell all my bitcoins only if i had no money to buy food for right now i have some money to be able to live so i keep on getting as much bitcoins as possible i hope that the price will increase in the future significantly and that it will make me a millionaire

Yes but my advise is that not to sell all your bitcoins just need to sell part of bitcoins and keep rest safe for the future as we are not aware what would be the price of bitcoins in the future so If you sell all your bitcoins and the next day the price would reach the moon so it is better not to sell all bitcoins and that is the way to make profits out of bitcoins.
273  Bitcoin / Bitcoin Discussion / Re: paypal or bitcoin? on: December 20, 2015, 06:17:39 PM
Bitcoin offcourse.
It's cheaper, fast and anonymous.
There is no way the current paypal setup can even compete with bitcoin... ever

That's true, paypal is cheating their customers with higher fees and there are also many hidden charges in paypal where as bitcoins transaction fees is cheap and there is no hidden fees in bitcoins, bitcoin is transparent and very soon people would get rid of paypal if they are aware about the benefits and fees of bitcoins and it can be operated 24/7 and it the online transfers are so quick as compared to paypal.
274  Bitcoin / Bitcoin Discussion / Re: Describe BITCOIN in ONE word. on: December 20, 2015, 06:14:24 PM
Bitcoin is life Bitcoin is god Bitcoin is everything. For me there is no word to describe bitcoin.
Bitcoins is just to awesome to describe what it is Tongue Oh well I would say FREEDOM

It is difficult to describe bitcoin in one word as there are many benefits associated with it and for me bitcoin is not only a currency but also freedom where I have control on my own money and also my own bank, And the best thing that I like about the bitcoins is the price fluctuation where I can make profits quickly by trading so there are multiple advantages attached with bitcoins.
275  Other / Off-topic / Re: DO YOU HAVE 1 BITCOIN? on: December 20, 2015, 06:11:20 PM
I had some 0.5 bitcoins but I sold them all and converted into fiat currency because the price changes recently in bitcoin.
I can again buy bitcoins but when the price goes down
I never keep 1 Full Bitcoin in my wallet for security purposes


That is true that we are worried about the security purposes but there are many safe wallets which can take care of our hard earned bitcoins in the best way, And I never had full 1 bitcoin in my wallet as even I also keep on converting my bitcoins to fiat currency whenever I am in need of cash to take care of basic expenses but its my dream that I should atleast have more then 2 BTC in my wallet in the future.
276  Bitcoin / Bitcoin Discussion / Re: How can we spread Bitcoin effectively. on: December 20, 2015, 06:08:34 PM
I think that a Bitcoin meeting well advertised in a big a city or even an average one (between 10 000 and 50 000 persons) is the best way to promote Bitcoin.

Here We most of the people does not reveal about bitcoin to others because we don’t want others earn by bitcoins. This is a true fact. To change this We can spread through Facebook, twitter and some more about bitcoin and its uses. Automatically all will come know about it.

Very rightly said, as we don't wish that others also should start earning bitcoins and that is the human nature. On one side we wish that adoption level should be higher and on the other hand we don't want that others should earn it, So this mentality should be changed and we should introduced it to our friends and family then only purpose would be served and ultimately its gonna benefit us in the future if the bitcoin users are more.
277  Bitcoin / Bitcoin Discussion / Re: Methods of growing your Bitcoin? on: December 20, 2015, 06:05:19 PM
I think the best way to grow your Bitcoin at this time would to be let it sit and gain value.  It keeps gradually rising in price so will it fall a bit. I am hoping to see when it is high and buy it back when it is low.

it's like a trade? or a kind long-term investment and short-term
I usually trading bitcoin. moreover I can make it for long-term investments. just sit down and look at the increase in value

You can not always just sit there and watch the value grow for no reason.  There is always the chance it will fall back down again.  Look at the history, it grew and then dropped bad.  You never know when that may happen and you need to be prepared for this to happen.

Hellooo bro?
so many bitcoin users and will continue to grow it will certainly make the market demand going to rise. many reasons for bitcoin prices will rise rapidly in the future
bitcoin prices will naturally rise

Price would rise for sure but here we are talking about how to grow our bitcoins and I think trading is the best way to grow bitcoins if it is done with a good strategy then definitely there is opportunity to make good profits out of it, and I would also prefer gambling to grow my bitcoins quickly as I feel gambling can change it in a single day but ofcourse the risk factor cannot be excluded when it comes to gambling.
278  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Dollar on: December 20, 2015, 05:56:18 PM
Dollar win! Dollar is accepted everywhere and can be exchange on any money.
Yes dollar is a universal currency at the moment and I dont see any challenge toits dominance by bitcoin for the next 3 decades

Yeah there is no competition to dollars when it comes to currency, bitcoins are getting more and more popular day by day but it could not replace dollars in the coming years as people have more faith in dollars as compared to any other currency and people would move to bitcoins for sure but bitcoins can never get on the mainstream and can never replace any major currency like dollars.
279  Other / Archival / Re: Do you think bitcoins will disapear or become unused? on: December 20, 2015, 05:52:19 PM
bitcoin will dissapeared when satoshi appeared to the public.
so the answer same as it will not happened in this short time like 5-10 years bitcoin will still exist.

Bitcoins will exist for many years but we are not sure at what price it will reach and be stable as there would be many other currencies would be entering into market and bitcoins will surely face a competition from them but it will not totally disappeared, It would be in market for many years might become useless or people will switch to other better currency as compared to bitcoins.
280  Bitcoin / Bitcoin Discussion / Re: What do people around you think about Bitcoin ? on: December 20, 2015, 05:49:03 PM
Most people around me don't understand how it works, no matter how many times I've explained it to them.
Some do understand but don't feel comfortable taking this risk of getting into bitcoins.

Same here, That is the biggest problem I am facing too as many people around me are also not aware about the bitcoins and some of them have never heard about bitcoins so it becomes difficult to explain them about the bitcoins as they feel its a risky business to invest their money into bitcoins as they have feeling that bitcoins would not survive for a longer period of time and it has no future.
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