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When does the week start and finish for the consideration of post min and max?
Is Sunday considered the end of the week and then we start new on Monday?
Thanks.
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Would it be safer than storing your wealth in the bank? I mean how often does a bank shut down? the value of bitcoin could go to 0 any minute!
That's a good comparison. I don't know whether it's 'safer' but I would prefer losing my money due to my own decision rather than having it taken by a multi millionaire company. In the US every bank account is insured up to $100,000 to $500,000. If the bank goes down due to faulty or fraudulent decisions by the bank most consumers would be protected. That's just in the US a lot of countries don't offer this type of insurance I know a lot of countries have it so that if the bank declares bankrupts you can't touch them and it's happened many times before. I'm not 100% sure the policy in the US as I don't live there or own a US bank account. What I explained first protects account holders in the US from a bank going bankrupt. It started after the "run on the banks" in the 1920's/30's. Universal trust is needed to keep a banking system alive and the FDIC provides that trust in the US. I was just saying that there's less risk to be in a bank vs. BTC in the US. |
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Would it be safer than storing your wealth in the bank? I mean how often does a bank shut down? the value of bitcoin could go to 0 any minute!
That's a good comparison. I don't know whether it's 'safer' but I would prefer losing my money due to my own decision rather than having it taken by a multi millionaire company. In the US every bank account is insured up to $100,000 to $500,000. If the bank goes down due to faulty or fraudulent decisions by the bank most consumers would be protected. |
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I'm sure there are many people who are brave (or stupid enough) to put all their money into btc. As with any investments its a risk, but it'll probably pay off. It's just a question of do you have the balls to take the gamble?
What makes you think "it will probably pay off"? If it'll probably pay off that it isn't much of a risk. |
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Is it possible to see the difference between the bid and the offer for an order? That spread is going to the exchange. And their overhead is rather low and the transaction volume is high, so I'd guess there's plenty of profit for them. The benefit to us is that we need the service and the spread is very small per transaction...they make profit on the volume.
I haven't dealt much with the BTC exchanges so I don't know what data a user can actually see.
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Indexing by earnings is a cool idea. It would add a new dimension to investing. But it may also influence business decisions by the company, perhaps they wouldn't be as willing to take a risk on a new venture if it posed the potential consequence of significantly reduced earnings and a resulting de-listing from the index.
It's probably best to have the dimensions of indexing be based on criteria that's agnostic of the company's daily decisions (i.e., geography, sector, market cap).
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To those who favor Socialism, please help me understand what the incentive is (under Socialism) for one person to produce more or better than their neighbor?
What incentivises people to participate in volunteer projects? To spend money on charity? Create open source software?!!! This is a great response, didn't think of these. Good points, I concede this one. Thank you! I still choose Capitalism, but these are great points. |
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Why make it more complicated?
If I were to do business with people in three different countries I'd have to maintain three different currency or BTC types?
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firstly satoshi does not own 1mill coins. sorry but just no..
between 2009-2011 5 mill coins were produced. and trust me there were more then 5 people mining.. do the maths
secondly lets say satoshi had 500k coins instead (again exaggerated but lets roll with it) would require each coin to be worth $2m each.. or if we use the FUD amount of a 1million coin hoard, it would be $1mill a coin for him to be a trillionaire..
so i dont think so..
i do love it when pople dont think before they make topics like this.. its soo easy to rebuttle the solution and move on with our lives
I have a statistical explanation why 1 BTC may equal 1M USD in future... Value of 1 BTC (around figure) 2009 => 10 -2 USD 2010 => 10 -1 USD 2011 => 10 0 USD 2012 => 10 1 USD 2013 => 10 2 USD 2014 => 10 3 USD 2015 => 10 4 USD 2016 => 10 5 USD 2017 => 10 6 USD --- Early Adoption Ends Here and The Price Stabilizes --- I'm sorry, I missed the explanation. Or maybe I'm not smart enough to get it but simply listing exponential numbers by year doesn't actually explain why those numbers could or would become reality. |
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I'm surprised Silicon Valley or San Francisco weren't on your list. You should replace LA with SF.
Isn't LA still fighting technology with record companies, TV networks, and Hollywood?
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The recent NYS and Dell news provide good indication that momentum is only gaining.
We have a major US State writing laws around it, which even if the laws restrict some use it validates Bitcoin as more than a fad, as something legit.
And, more importantly, we have Dell making it easier for consumers who have yet to use Bitcoin to be come more familiar with it and to consider it as a legit payment option.
Remember when PayPal was brand new? It was cool but suspicious and now it's one of the easiest ways to pay for something online.
All in good time, less chatter isn't a bad thing. No one chatters about gold and it's something that is incredibly significant and valuable in the world.
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For the community, did it go for your BTC2.30 offer?
Congrats on the sale.
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...
Possum577
That is not what I wrote (putting 10% of our wealth into lottery tickets). We have 11% or so in gold, not the Powerball.
I believe that gold is an excellent investment (that also provides insurance vs. .gov and bankster malfeasance).
Bitcoin is another asset class, IMO, that provides some more diversification. But, I have less than 1% in BTC. At this point, I trust gold more (as does China).
There is the real possibility, hard to quantify, that gold's price could go to the moon (Alice). Some BTC commentators suggest that it too could reach nearly astronomical numbers. My comment was that gold and BTC both shared this interesting characteristic, that they both could reach very high numbers. But, each has a strong investment case as well even without such a quantum leap. And if China keeps buying like they have, well, that might hasten the day when any gold you might own would be worth a lot more than now...
EDIT:
Consider taking a look at FOFOA's blog (in my link above). That would be the equivalent of a two year sentence behind bars unless you like challenging gold reading written by a true pro.
OK,ok, fair enough. Just giving you a hard time. I'll check out the blog. |
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Do you have a waiting list or provide notice when new openings are available?
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I'm a jr member..can i enroll?  Yeah, why not.. Let me know your address! How much are you paying Jr. Members? I didn't see this option in your original post. Thanks. |
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Quick question, after we get paid do we need to re-post our post # for the start of the next period or is the crew at 777 keeping track of that?
Thanks.
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Why does negative trust result in not being allowed to join an ad campaign?
Post history is completely transparent and the advertiser (the payer) isn't paying before posts are made?
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Where's the Bitcoin investment performance analysis?
There are a lot of threads around that ask if Bitcoin is a good investment or what will happen to the price, and the responses to those questions overwhelmingly start with "I think..."
A stranger saying "I think" isn't a good reason to "invest" in Bitcoin. It's all opinion!
But I'm sure there are some folks doing good technical analysis of Bitcoin price trends (using what they can from commodity price analysis) or adoption rates or mining rates or other metrics I'm not even aware of.
If you people are out there, please wave your hand, I'm interested in reading your work!
Thanks.
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Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins.  Though realistically, who would be willing to pay $40,000 to $50,000 for 1 bitcoin? I guess it comes down to affordability, and whether or not the value of our currency will be viable in 10 years time or if it will be replaced (?) by Bitcoin. Sounds crazy, I know, but look at what people are willing to pay for one of Warren Buffet's preferred shares: https://ca.finance.yahoo.com/q?s=BRK-A$192,476.00 1 share. Yeah investors would pay 40-50K for 1 BTC for a joke. There's a huge difference you're not considering. Warren Buffet's Berkshire Hathaway earns revenue and pays earnings...this is what drives the price of that stock up. Bitcoin does no such thing, it's not an entity it's a commodity (like water or gold). It doesn't earn revenue. It's not a stock! |
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Thinking realistically, I believe that after 10 years, the exchange rate of Bitcoin will be somewhere around $40,000 to $50,000 per coin (if Bitcoin seizes a significant part of the remittance market and the online payment processing market). If you invest in 100 Bitcoins right now, after 10 years you'll have $4-5 million with you. Convince your uncle to buy a few more coins. What economic activity would cause bitcoin to go up in value like this? -The USD could be come so inflated -The population of Bitcoins becomes finite (once all are mined, similar to gold) and more and more people want to own it -More people want to own and hoard it All of these reasons could increase the price. But if it becomes an alternative form of currency, for spending, spending adoption alone will not raise the price (unless the USD or fiat becomes significantly inflated). Anything I'm missing here? Alternative opinions encouraged... |
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