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2721  Bitcoin / Bitcoin Discussion / Re: Great way to make Bitcoin! on: November 28, 2016, 02:51:44 AM
This is good. Those sites that are posted are helpful.

But here is the problem though. How about those who have work already and cant get a lot of time in learning more with online jobs.
They need a faster way and can earn even a little without taking so much time.

Like me. I have day work. So this helps those who have also internet at their houses and a computer. If you only have a smartphone and an internet this will be harder.
If you already have a job and then earnestly looking for ways to make money online, it means two things:

1. the job is not paying enough to meet your needs

2. it is not late to upgrade your knowledge or start learning something new.

That would leave you with much more fund for purchase of  bitcoin and to throw around.
2722  Bitcoin / Bitcoin Discussion / Re: What does a President Trump mean for Bitcoin? on: November 27, 2016, 08:00:32 PM
There would be no effect at all. Even the Obama administration does not have something to say about bitcoin. Trump would not touch bitcoin knowing that he's more into envisioning larger things for the great 'ol America. His main concern is about keeping other nations off of his motherland. Anyways, bitcoin would still continue to move forward even with a president like him. As a businessman, he would pursue larger things other than the thriving bitcoin community and economy.
Yes, Trump does not need to touch bitcoin  directly, but whatsoever action or inaction he takes concerning the economy would be immediately felt on bitcoin. If he makes real his campaign promises to make America great again, that would translate to a stronger dollar. With a stronger dollar, investors would have no choice than to throw their weight behind the dollar and bitcoin, most likely would get lesser attention, but if Trump failed to live up to his billing on the economy, bitcoin would be a major winner.
2723  Bitcoin / Bitcoin Discussion / Re: Economic Nobel prize for Satoshi Nakamoto on: November 27, 2016, 05:38:52 PM
We know the the blockchain technology is the source why Bitcoin is really good. It was just the first cryptocurrency to adopt it. Unless they have really made an impact here in our world with real applications (not saying that it is not applied yet) it needs to make an impact to the whole world. To have a nobel prize award, you need to make a great impact towards mankind. Blockchain is really revolutionary but it's still at its infancy. There are a lot of things yet to be discovered and improved.
Looks like you have not been looking aright, because Satoshi's invention, blockchain is revolutionary. It has brought us to a frontier for trust and security like none before it and that cuts across every facet of life and not just a money thing. A lot of sectors are currently looking in on how to adopt this discovery, including the banks. People might be divided about bitcoin, but many more do agree on blockchain.

Satoshi's blockchain is life changing and is deserving of a Noble Prize award. Only problem is that he went under after coming up with such an amazing discovery, though that can be understood from the point of view of the government over bitcoin. I think if he had not gone under, the authorities  would have compelled him to abort bitcoin, because it does not speak their mind.
2724  Bitcoin / Bitcoin Discussion / Re: EBay and Bitcoin on: November 27, 2016, 05:37:50 AM
Some reasons behind lack of eBay bitcoin adoption:

1. PayPal is owned by eBay - and both these companies are not here necessarily to make world a better place but to gain profits.
Introducing bitcoin payments on eBay would cut their profits rather substantially (sellers are paying fee: 2.9% + $0.30 per transaction).

2. There are more than 192 million PayPal's accounts active worldwide. Meanwhile bitcoin is used by less than 10 million people.

3. You need chargeback option on eBay. Bitcoin is not giving you that.
That summarizes it, Paypal was made for ebay, so anyone wanting to do business on ebay needed  to own a Paypal account, that was how the millions of clients came about. Now that bitcoin  is here and breaking borders, it present a threat to Paypal, so it is not something they are willing to consider in a rush though they are mindful of the potential bitcoin holds for ebay.

Not having the ability for chargebacks with bitcoin, is not a major issue, because a well structured escrow is well able to take care of that.
2725  Economy / Economics / Re: Money As A Product Of Innovation on: November 26, 2016, 09:11:38 PM
in this sense it is still a legal tender in the developing countries, in addition to digital money is still being developed in several countries, not many people know about bitcoin and as product innovation will continue to be developed in the near future, I think bitcoin this is more effective and efficient. Shocked
Well,  No money innovation would be complete without mentioning cryptocurrency and there’s no space here to explain how bitcoin works. But much like Tide, salt, stones or many of the other weird things we’ve used to represent value; users of Bitcoin agree on it’s worth due to the transparent technology it is built on. The original invention of money allowed people to ascribe value to a person.
That's right, the transparency of blockchain technology is a very strong point for bitcoin and people have really been yearning for this change  and not knowing even what to do until bitcoin showed up and the increasing number of user base is a clear indication of acceptability. Worries about its future price is unfounded because bitcoin has got intrinsic values that are strong enough to keep it attractive to traders and speculators alike and for that we can expect the price would rather appreciate than otherwise.
2726  Economy / Economics / Re: Long term OIL on: November 26, 2016, 07:49:57 PM
I think the price of oil will rise in the long term as there is limited supply. The cheap oil will be consumed soon.

You forget that technology could result in alternatives.
Millions of dollars have been poured into companies which are working on renewable energy sources. Should one of these become economically feasible, there will be no reason for the world to continue to guzzle oil.
Yes one of the conditions for the bailout of Ford and General Motors by the Obama government was premised on renewable alternative energy, so the quest to play down on oil is quite real and strong. I don't know where the idea that price of oil would rise is coming from, because ever since America - which was the largest importer of oil discovered shale oil, demand for oil have fallen drastically, which is a major factor behind the drop in the price of oil.

Then again is the lifting of the ban slammed on Iran, the market simply has gotten flooded with more supplies, I don't see where the increase in price would be coming from!
2727  Economy / Economics / Re: Why do people keep saying BTC is dead?! on: November 26, 2016, 03:07:41 PM
Peoples who said if bitcoin dead, I sure didn't know about the world sophisticated development of financial. Believe me, someday bitcoin will replace many world currencies like USD, EUR, and more.

The people said bitcoin is dead sure did not know about its progress but you should also know one thing that bitcoin is not going to replace any major currencies of the world like USD or EURO, because bitcoin is not capable of that at all, all it has is a big price but it is not enough for that.
I think there is no competition in the first place, bitcoin is in a whole world of its own. The USD and Euro you mentioned are currencies tied down to particular countries, though with some global appeal, but bitcoin is strictly a global currency, with the capability of surviving many odds holding most fiat currencies at the jugular.

We will not forget that the price of bitcoin started right from cents and eventually climbed to the hundreds of dollars we currently have. On the average, the price of bitcoin has been quite impressive. One indeed, would be missing the point by failing to see it is not for nothing that the price of an asset would go up and stabilize there! If it were for the fun of it all or even some mistakes, the price would have corrected by now, retracing and erasing all previous gains, but see for yourself and answer the question, why and how?
2728  Economy / Economics / Re: Bitcoin or gold? on: November 26, 2016, 01:29:07 PM
I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

For the investors who does not invest for really long term like more than 1 year or so, bitcoin is the best option as it grows higher and earlier than gold, but for investors who invests for longer than that period, gold is the best choice, as it mostly does not drop its price at all which bitcoin does sometimes.
Gold no doubt is one of the best assets to invest on, but that it does not drop its price is totally out of touch with reality, because ecious metal not too long ago, the precious metal encountered massive sell-off, after ECB President Mario Draghi suggested Cyprus should sell its excess gold reserves to help fund the country’s bailout and presently when market was waiting for clues whether fed would raise interest rates this year.

In times of uncertainty, investors are known to unload their positions and situations like that are the enabling environment bitcoin thrives in. So we can say bitcoin, is a much preferable investment when global finances are deep in uncertainties.

http://www.marketwatch.com/story/gold-falls-sharply-copper-hit-after-china-data-2013-04-15
2729  Bitcoin / Bitcoin Discussion / Re: Effects of Banning Bitcoin ? on: November 26, 2016, 08:42:22 AM
We have seen the government of China and Russia attempting to declare bitcoin illegal and we know they did not get anywhere with it, instead bitcoin took center stage in both countries. It is now already to late for any government to want to ban bitcoin, because bitcoin has become mainstream and people are the wiser that change in the way we know and see money is inevitable.

Besides, at no time would all the government across the globe be able to reach an accord to ban bitcoin and one strong point, is that bitcoin is not tied to any one country or government. They are sure to come up with some funny laws to frustrate the freedom that bitcoin represents, but it is for us, the community to remind them that power actually belongs to the people.



One day crypto will take over the people. However it is tough for the older generation to accept its safety and that such thing really exists. Most of the bitcoin users are young-middle aged people. Less tech-savvy people have never even heard about it (there might be exceptions as well).

Still its good to see that banning bitcoin is these countries did not have good effect. I am sure crypto will gradually emerge as the new mode of primary transaction in these countries.
i think bitcoin is not banned in any country and not going to be banned in future, hope that in future states are going to consider bitcoin as legal currency and then more and more people will enter in the world of bitcoin,

In some news, bitcoins are banned in some country, i dont really understand why the government of some country are against of digital currency, is it because bitcoins have no tax? Well they can make a resolution on that if that is thier only reason. If they think banning bitcoins can prevent people from using it, i think they are wrong. They are just teaching people to use bitcoins illegally.
There are a number of reasons why the authorities are having sleepless nights over bitcoin and some other cryptocurrencies and the tax issue is one of them. The main reason, however is that bitcoin came and opened our eyes that government and their agents, have been enslaving us financially. The worse is that bitcoin also provides the way to shut government out of our transactions.

That power to monitor and control people's finances means so much to the government and losing it, is not something they are prepared to come to terms with, so attempts by government and its agents to snuff out live from bitcoin is something to expect, however there getting away with it is a matter for another day.
2730  Other / Archival / Re: What would you say to people who advice you to sell all your bitcoin? on: November 26, 2016, 07:49:06 AM
I would listen to them but do what I would feel like and that would be to keep my bitcoin safe in my online btc wallet and try to earn and accumulate as many as I can and wait for the btc prices to go up and up and then sell them
That is right, no one knows it all and no knowledge is waste! Keeping an ear on what others have to say isn't bad in any financial market as long as one is already well versed and ahead to be able to sieve the wheat from so many chaffs. Bitcoin is a speculative asset and panic sell off is one of the regular features one should expect here. What is good about situations like this, is that it can alert discerning traders of good opportunities for mopping up the excesses in the market.
2731  Economy / Trading Discussion / Re: Bitcoin traders, why don't you just trade forex? on: November 26, 2016, 06:42:22 AM
There is many common factors between trading altcoins /Bitcoin, and Forex. But the main difference in my opinion is that Forex need usually big budget to start with it, however you can start with smallest budget when you trade Bitcoin and altcoins
Yes , and unlike forex in crypto trading we can start any amount we want from 0.001 to 1 depending on the coins you want to trade.
On forex we need some training and tutorial to begin forex like mechanism or whatever is that and it's more difficult than crypto trading
Minimum amounts required to trade in forex market may not necessarily be huge, as that is subject to the broker one is using and a number of brokers, Agea for instance accepts trades that are even less than $1. All the same, I think the better way to see it, is that trading with small budgets either in forex or cryptocurrency, doesn't bring out the best in trading as it invariably leads to over trading, boredom and eventually loss. With reasonable trading capital, knowledge and experience, it becomes easier for any trader to make good profit off the market, forex or cryptos.
2732  Bitcoin / Bitcoin Discussion / Re: Circle CEO on BTC: Nobody Will Be Using Bitcoin in 5 to 10 Years on: November 25, 2016, 10:45:43 PM
I think Circle is going to go bankrupt very soon and they know it, so they are mad at bitcoin and now they are shitting on it. They keep losing customers because they keep annoying them by blocking their money and so on. I understand that they are trying to be a company that complies with strict regulations but it seems people that want to use bitcoin want to avoid all of that.
I think you have a point there, sudden outburst like that are meant to tag a dog a bad name, just so it would be hung. He could not have ventured into a bitcoin company without doing due diligence or was it for the fun of it? So it is questionable why the sudden turn? At any rate, what gives any currency value is people's willingness to accept it as means of payment and since bitcoin is already having such a huge community, I doubt the absent of one person would in any way mean end of the road for bitcoin.
2733  Economy / Marketplace / Re: How to make 1 bitcoin in a month or 2? on: November 25, 2016, 09:46:10 PM
Hi, I am looking for a way to earn some money without invest(because I am broke), I can dedicate 2 hours a day in that. what can I do to make a bitcoin per month without any investment?
I suggest gambling. Ofcourse it is impossible to earn that huge amount without investment. Yet in a gambling site like bitsler, you can roll the dice and make a bet through free faucet. If you are patient and long tempered enough, you can earn tbc each a week with the value of time you can give for that.

I don't know, man. A lot of gamblers are in here and most of them have lost a lot of money out of gambling. They weren't able to go to their way to 1 bitcoin. Take note that most of these people didn't depend on the free bits from the faucet. It was hard winning even with bigger bankrolls, much more when you're just going to use the faucet for betting.

I also don't think that the amount of your time given to gambling will be equal to your profit. Actually most of the time, the shorter time you spend in gambling site the better because you don't get tempted to bet more which will lead you to lose more.
Gambling is for entertainment, if you go there with a mind to make money, you stand a great chance of being disappointed. Aside house edge, a gambling site also has things like huge bankroll and player's emotions working for them, as such most players end up always dashing/handing over their hard earned money to casinos.

Spending little time only at a casino might be something, but I don't think it is something to lean on, also care should be taken, some casinos out there are rigged to rip off players.




2734  Other / Archival / Re: Which one is better for bitcoin future? Mass adoption or huge price increase? on: November 25, 2016, 07:59:25 PM
I voted for "Huge price increase". If Bitcoin exchange rates shoot up to $10,000 per coin or $100,000 per coin, then it will attract a lot of attention. A lot of institutional investors will flock to purchase Bitcoin, and in the end the user-base will also expand. 
When you place the cart before the horse, you will no doubt have some movement too, only it won't be the movement you desired. Same way the price of bitcoin would be hard to plummet to $10,000 or so, when only few people are interested in it. Investors are like butterfly, they follow the flowers. Liquidity is a major determinant of what knowledgeable investors would see firsthand, before they are willing to commit their money as they understand that liquidity is a function of mass adoption.
2735  Bitcoin / Bitcoin Discussion / Re: Bitcoin Exchanges at Japan Get be Insured on: November 25, 2016, 07:29:14 PM
Where was this when MtGox happened. I think this might have been in response to MtGox and other exchange hacks, that they have started this. When insurance companies gets involved, it just complicates matters, because we get long drawn out investigations and this can go on for years. Most insurance companies do not have the forensic skills to investigate these hacks properly, so they would need to outsource.

You are going to pay premium for this kind of coverage, and the additional costs are going to be dumped on the customers in the form of higher fees. 
I think this development is an immediate response to the tragedy that MtGox turned out and stands a good chance of giving people some confidence again about exchange companies in Japan. An insurance company no doubt have to go through some investigations as a necessary process to ascertain the cause of loss and the appropriate indemnification.
2736  Bitcoin / Bitcoin Discussion / Re: India is Paying $900+ for Bitcoin Amid Cash Crisis on: November 25, 2016, 07:07:14 PM
that's what happens when there's no liquidity. i'll guess it's also a pain in the ass to wire money out of india. nothing much to get worked up about. it's a market that's all on its own.
Is that really a case of no liquidity or scarcity? I think much more Indians are losing faith in the Rupee as a result of not understanding what direction the government is headed with the currency thus creating a huge demand for a currency outside the control of their government and our dear bitcoin, comes handy there.

Wiring money out of India still walks the corridors of the authorities and so it is nothing changed from what used to be. This development in India is a pointer to what to expect in the future, as more and more people finally discover in bitcoin, what the fiat currencies have denied them.
2737  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Really The Future Of Money? on: November 25, 2016, 06:50:05 PM
The future of money is actually difficult to predict but following the trend, the popularity of Bitcoin is really expanding and even over here, the awareness is just going at a geometric rate couple with the rate of increase in the price of the community. In essence I am saying that if this trend should continue, then we are having a major shift from the traditional way of which we see money and its happening soon.
The future is always a factor of the past, so to have a glimpse of what the future of money would be like, we only have to look at the trend of money presently. We can see that the fiat currencies from one country to another are failing in their numbers and most government are lost what to do. A number of them have taken to printing more note with reckless abandon and festering their countries with inflation, while some have helped themselves to people's deposits.

In the light of all that, much more people are now taking to bitcoin and other cryptocurrencies, given especially that it is decentralized and the authorities have no way of manipulating it. That aside, security, very low cost of transaction and reliability is a strong point, why lot more people are turning to bitcoin.
2738  Bitcoin / Bitcoin Discussion / Re: Is bitcoin being used for illegal activities on: November 24, 2016, 08:15:24 PM
Yes bitcoin is widely used for illegal purpose because it is pseudonymous and do criminals find out much safer to use bitcoin for transaction rather then real currency. There is no way to track the user who is sending money to whom. So it's of comfort for them.
so you write yourself that bitcoin is pseudonymous, but also that "there is no way to track the user". i find this confusing. also how is this better then "real currency"? paper money is also hard to trace.
Anonymous is one thing and pseudonymous is entirely something else and far from what bitcoin is. We know bitcoin is less than a decade with us, if the noise is that cryptocurrencies facilitate illegal activities, someone tell me, what currency was behind illegal activities two or three decades ago or is illegal activities some word that just came up few years back?
2739  Economy / Trading Discussion / Re: If You Had 20Bitcoin To Trade With... on: November 24, 2016, 07:21:13 PM
20 BTC as of date is very close to $15000. With that much at my disposal for trading, there really won't be a need to still give room for those sure to never succeed approaches, instead I would throw my weight behind buying and holding bitcoin, which have been proven to work. I would introduce a little extra tweaking to make it more resilient like splitting the money into say six equal parts and implement a grid strategy on it and count on the fact, that the volatility of the market would ensure the market does not go on indefinitely in any one direction.
2740  Economy / Trading Discussion / Re: Bitcoin traders, why don't you just trade forex? on: November 24, 2016, 02:41:49 PM
Cryptocurrencies (altcoins especially) have a huge volatility, so there's no need to use leverage to make profit, which means not even unexpectedly huge moves can wipe you out.

Here are some dummy numbers:

  • I use 20x leverage for EURUSD, expecting a maximum volatility of 0.1%.
    There's a 0.5% move against me. I'm pretty dead.
  • I use no leverage for BTCUSD, expecting a maximum volatility of 2%.
    It moves 10% against me. I'm hurt. But I'm still kicking.

In both cases, I had the same expectancy of profit, yet the actual risks (loss v.s. death) are quite different.

Excuse my ignorance if I'm totally incorrect; I'm just trying to verify this idea here.
Forex, I must say is the one with huge volatility! In fact, currencies like GBP/JPY and EUR/JPY could move over 400 pips in one single day. The difference between the behavior of the two trades you suggested above lies on the forex trade being a margin trade, so the leverage ends up multiplying your winning or loss and that is the reason, leverage is often referred to as a double edged sword.
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